diff --git "a/reddit_finance_43_250k_93.txt" "b/reddit_finance_43_250k_93.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_93.txt" @@ -0,0 +1,10000 @@ +The NYSE would notify member organizations. There is no other mention of notification to the public. They are not required to disclose it. Even Investopedia says near the end of [this article](https://www.investopedia.com/ask/answers/090415/who-actually-declares-dividend.asp) that the first date in a dividend process is the Declaration Date, which happens on the date the company commits to the dividend. + +To summarize, GameStop needs to provide at least 10 days' notice to NYSE of a dividend but only 10 minutes' notice to media. Or in other words, GME moon soon. +I've been trading for over 20 years and been a redditor for nearly 7 and I had no idea this sub existed. I just joined and am excited to be here. I'm looking forward to learning new things and hopefully being a part of the action. :) +I was having a conversation with a coworker about children and getting them to understand financial responsibility/literacy, and it made me wonder what people on this sub do/plan to do. + +My coworker uses a pocket money chart as one example of how they encourage their kids to understand money. Their child gets £10 a fortnight in their 'base' pocket money, but this can go up or down depending on chores done/not done. For example, washing the dishes would give an extra 50p of pocket money, but not brushing teeth loses 20p. + +Something I am considering doing to help my child is at a certain age I'll stop giving pocket money and instead multiply whatever earnings they make by 1.5x (or something similar). Hopefully this will encourage them to work and show them that I want to support them. + +So, how does this sub teach their kids financial responsibility? +Firstly, congrats on your success. I hope you find your time in fat fire ever as good as you had hoped. Secondly, I am curious if anyone of you have ever looked back and realized you have accumulated more than you need? As in...you could have gone into ER earlier as opposed to accumulate more. No one has a crystal ball optimize financial planning forward, so I am trying to learn from your hindsight. Thanks! + +Edit: thanks for the insights. Takeaways: +1. Many over accumulated not because they wanted or needed to. It was just a by product: some because of their passion for their work, or others who have yet to find non-work related outlets (either can't, or don't feel the need to) +2. Those who didn't enjoy work as much should aim right as opposed to aim high +3. Keep family and your physical / mental health as top priority. Getting a bigger stash while sacrificing these is a poor choice. +4. Err on the side of caution is likely the reason why we all over do it +If I become a millionaire before next Friday, I will eat a pack of Crayola crayons on livestream. I mean every word of this post. If I don't, ban me and report me for sexual harassment. Character limits are a bitch when all I want to do is get rich and eat wax sticks. Anyways, hope everyone has a good day. Everyone comment the tastiest colors. + +edit: at minimum, a 12 pack. After that, 1 crayon for every million I make, 64 pack if it hits 1m a share. + +edit 2: I will post the poop. A shitpost, if you will. + +Last edit: new post is up. Double or nothin' +Been a while since I got myself the American Express Platinum Charge Card. The annual fee here in India is ₹60,000 + GST, coming to a total of ₹70,800. The card is made of metal yet the back is plastic to enable contactless payments. + +Fixed Benefits / Perks / Pro’s +1. 4 add on cards at no additional cost. All add on members get access to hotel memberships listed below. +2. Marriott Bonvoy Gold Membership +3. Hilton Gold Membership +4. Shangri La Golden Circle Jade (now discontinued) +5. Dining Benefits at prominent 5 star properties. +6. Access to Centurion lounges +7. Priority Pass ( for basic and 1 add on card member) +8. 5x Reward Points on transactions done through Reward Multiplier +9. ₹10,000 Taj Voucher sent as a birthday gift. +10. Complimentary Meet &amp;amp; Greet Service at Delhi Airport for domestic departures, once a quarter. +11. Home Repair Credit - upto ₹1,200 per calendar year. +12. 3x Membership Reward Points on forex transactions. +13. Fine Hotels & Resorts - Early check in, late check out and spa / food credit at select properties across the world. + +Offers I’ve received and used since in this calender year- + +1. ₹27,500 cashback on transactions at Flipkart, Croma and a few other notable merchants. + +2. ₹2,500 *3 salon cashback offers at participating Truefitt &amp;amp; Hill outlets + +3. ₹2,500 *2 App Store / Google Play Store cashback offers + +4. ₹2,250 *2 Lakmé Salon Cashback offers + +5. ₹30,000 cashback offer on Flipkart, Croma and a few other notable merchants + +Note : All these were 100% cashback offers + +6. 50% cashback upto ₹500 when transacting with small business, minimum transaction amount - ₹1,000 (5 times per card) + +7. ₹30,000 Taj Voucher on making domestic travel bookings of over ₹1,00,000 with the travel desk. + +8. 50% discount on suite bookings at Oberoi Hotels made through the travel desk. + +Cons : + +1. 3.5 % forex markup (most premium cards are between 1 to 2 percent) + +2. Concierge is a huge let down. They fail to call back most of the times and can never get you inside a fully booked place. + +3. Poor dining benefits for a card of this level. Earlier, AMEX used to have offers like a free bottle of wine at nice restraunts but now it’s just a fixed percentage of discount which one can mostly always get with some dining memberships, either EazyDiner or DineOut. + +I got 1,10,000 Membership Reward points as a sign up offer and happily took it. Will I renew it? Depends on the retention offer. +Hopefully this helps other energetic animal lovers who have a wealth of patience with animals and most of all their humans. + +Maybe this sounds precious but I have a major mental illness (bipolar i) and working with animals; especially dogs, provides a therapeutic benefit that is probably keeping me off of disability. + +A service dog can take thousands to train so I settled myself with a pet dog and working 40 hours a week with dogs. I searched many options and tried dog walking, dog training, dog daycare and kennel tech. Turns out it is hard to start up your dog business and if you have one, you find every way to pay your staff as little as possible and tell them their real compensation is the generous opportunity to work with animals. + +After pursuing a job with K9s for years only to lose my candidacy to mental illness, I was crushed. I applied as a groomer trainee to a corporate chain, not with enthusiasm, but because the training was paid and I couldn’t afford vet tech school. + +Now, groomers will often complain about being underpaid and perhaps they are; it’s a very physical job and you get peed on, pooped on and bitten. Customers suck the most and you can drive yourself nuts trying to gently educate them to not outright neglect their dog. But if you compared a dog groomer’s wages to most other jobs they are pretty good, where I’m at. To meet the minimum quota at my corporate store I would have to earn $54,000 per year (ie sell 5 grooms per day). In corporate you get a base pay of minimum wage no matter how many dogs you groom and the rest of your wage (commission) is a bonus. I did the math and figured out that if I groomed the max number of dogs I could handle per day I would bring in $72,000. + +I was coming up against some personal differences with corporate policy so a few weeks ago I printed out my resume and got together a little portfolio of haircuts on my phone. I only have a year experience legitimately grooming dogs and I’m no prodigy, but I handed my resume out to the six closest salons… I got a job offer from a place 10 minutes walking from my place before I had even gotten home from giving out my resumes. You technically have to sign a 2 year contract in exchange for your training but I gave my notice after 1.5 years and they didn’t bother pursuing me. + +Groomers go on commission and at this private salon I’m allowed to do as many or little dogs as I want. I’m doing 4 dogs a day (minimum at corporate was 5 dogs) which will get me about $78,000 per year. If I worked like a demon I could just make six figures. I’m going carless if everything works out (car insurance is a ruthless monopoly here) so I can save just shy of $10,000 per year. I get to work at 9 and finish my dogs for the day at 4:30, walk home and enjoy the next 5 hours before bed. + +I’m only writing this now because it finally feels real. I got my first paycheck from my new salon, I worked 3 days and made $900 on commission and tips. I started this year out clawing my way through life on minimum wage like I’ve always done. And if I wake up from this dream and my boss turns out to be a jerk, I’ve had 3 other job offers come in since I handed my resumes out. + +TLDR; Unskilled 32F with 3/4 of an English Lit degree gets foothold with free corporate training in dog grooming, leaves corporate to work for a small business for even more money. From 30k annually to 70k annually in one year. + +I will answer any questions you have! +Hello everyone, hoping to get your opinion on this subject. Everywhere I read on leveraged ETF's, it always says that these ETF's are designed to be held for a short term and that it is a bad idea to hold them long term. + +BUT, when I construct a stock & bond portfolio holding: + +60% --> SPXL (3x S&P returns) + +40% --> TMF (3x Treasuries returns) + +And backtest it starting from 2010 with an initial investment of $10 000, and by rebalancing it quarterly (to maintain the 60 / 40 ratio) I get: + +Total return for leveraged portfolio: $216,848 + +Total return for 100% VTI portfolio: $36,455 + +Here is the proof : https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults + +SO WHAT AM I MISSING?? + +Why is this not a viable strategy? + +Thank you for your input. +DD has been done though I appreciate the mass movement of DRS through CS is enormous and outweighs the DD already completely. I believe that’s why there are skeptics. + +SHF want to divide and conquer. Do not give them that chance. Together we are ape strong. + +God speed you beautiful bastards. +Can someone explain the thinking process behind investing in a stock? +Where do you start? What tools / sites / apps do you use for research? +How much time does it require on average? + + +I'm just starting, very curious to learn how more experienced folks do it. +"In December it \[the Fed\] projected a measly 0.75 percentage points of interest-rate rises this year. Today an increase of 2.5 points is expected. Both policymakers and financial markets think this will be enough to bring inflation to heel. They are probably being too optimistic again. The usual way to rein in inflation is to raise rates above their neutral level—thought to be about 2-3%—by more than the rise in underlying inflation. That points to a federal-funds rate of 5-6%, unseen since 2007. + +Rates that high would tame rising prices—but by engineering a recession. In the past 60 years, the Fed has on only three occasions managed significantly to slow America’s economy without causing a downturn. It has never done so having let inflation rise as high as it is today." + +[https://www.economist.com/leaders/2022/04/23/why-the-federal-reserve-has-made-a-historic-mistake-on-inflation](https://www.economist.com/leaders/2022/04/23/why-the-federal-reserve-has-made-a-historic-mistake-on-inflation) +I am not trolling. + +Can anyone truthfully and objectively explain what good a realtor is? + +I’m extremely tech savvy and resourceful with regard to finding the exact info I’m looking for, and quickly. + +Thus, in the age of social media and ubiquitous information, I have found myself better and faster at finding properties than any realtor I’ve worked with. + +That isn’t meant as a dig, just that their (main? stereotypical?) service of providing leads isn’t of any tangible benefit or utility to me. + +Literally the only service that I’ve benefitted from is them opening the door so I can walk through, and in the age of COVID and/or long distance investing, providing the ability to do so via FaceTime (which is legit and something I would struggle to do on my own from afar). + +Is there a whole bunch of behind the scenes paperwork I’m not seeing? + +Is it expected that investors graduate to not using realtors anymore, because realtors are really for people who can’t bother to learn to find their own leads or do their own networking or understand the numbers? + +And I certainly don’t get the “industry standard” 3% of the purchase price. For the same amount of paperwork, a $100,000 property nets $3k in commission whereas a $500,000 property nets $15k? 😳 + +If this ruffles your feathers because you are a realtor, then you’re who I want to hear from because I truly don’t get it. +Save and invest once per year VS invest every month + +I can save 300 euros and I would like to invest into 2 ETFs (85% VWCE + 15% IUSN). + +Both are free so no commission fees at all. + +I am between two strategies: + +1. Save 300 per month and invest once per year the full saved amount (300*12) + +2. Invest 300 per month. + +Would 1 or 2 be more advantageous? +It’s a constant occurrence to see people freaking out when a coin starts pumping, and they aren’t in it, and the coins start dumping and they want to sell it. + +Youtubers are constantly saying “this is just FUD”, and “the Bull market is not over”, and “Buy the dip”. But the problem is that A LOT of the FUD that newcomers feel, actually come from the crappy Youtubers, with their shitty “😱😱🚀🚀🚀🌕🌕📈📈📉📉” thumbnails. + +Imagine you finally bought some Bitcoin, maybe you bought it at 60k, and you see the market going 10% down. You invested in crypto, and it’s your first experience with volatility. + +You go to YouTube, and your homepage is now flooded with “THE MARKET IS TANKING 😱😱😱😱😱💥💥💥” “BITCOIN BEAR MARKET”. + +How do you think this would make you feel if you just came to the cryptocurrency market? I personally would feel a lot of fear, and try to cut my losses, as I wouldn’t know what any of this meant. Now I take a loss, and the market starts going up, and then I buy...and the cycle continues. It’s the meme of buy high, sell low...but although it is a joke, it does happen to a lot of people. + +We need to help the people that feel this way, by giving them reassurance. By not letting their emotions take over. I try to do this on the daily discussion, and maybe if you read this far, you could also jump in sometimes. + +Hope everyone has a lovely weekend! + December and January aren't typically busy months for initial public stock offerings, but this time around, they'll be an exception. Almost a half dozen well-known tech startups, each already valued privately at over $1 billion, have recently filed for IPOs, including Airbnb, DoorDash, and Roblox. + + They're hoping to take advantage of strong investor appetite for tech stocks, despite the pandemic, and to catch the coat tails of other tech companies that have recently made [successful debuts](https://fortune.com/2020/08/29/2020-ipos-palantir-tech-ipo-asana-snowflake-predictions/). Shares in cloud database company Snowflake are up 129% since its September IPO and those of data mining company Palantir are up 215% since its September listing. + +Here are key details to consider in weighing whether to invest in the latest batch of would-be public tech companies. Financial data is from the first nine months of 2020 unless otherwise indicated. + +## Affirm + +Symbol: AFRM +Fiscal 2020 revenue: $510 million (fiscal year ended June 30) +Revenue growth: 93% +Gross margin: n/a +Net loss: $113 million + +[Affirm’s S-1 filing](https://www.sec.gov/Archives/edgar/data/1820953/000110465920126927/tm2026663-4_s1.htm) + +Founded in 2012 by PayPal co-founder Max Levchin, Affirm aims to [bring credit and lending to customers of all kinds of online retailers](https://fortune.com/2020/02/05/credit-cards-levchin-affirm-ceo-daily/). Those hard-to-miss layaway offers for a pair of shoes from Cole Haan or that cute coffee table on West Elm’s website? Affirm works behind the scenes to process the loans and often covers the cost of the item (in some cases, partner banks fund the loans). So far, Affirm has signed up over 6,500 retailer and helped consumers pay for almost $11 billion worth of products over the past three years. + +**Pros**: Affirm says its “buy now, pay later” system is superior to credit cards, with no hidden fees or high interest rates (most Affirm offers are zero interest rate). Like other hot consumer companies, Affirm also touts its net promoter score of 78, suggesting more than three-quarters of customers would recommend the company.  As e-commerce grows, there’s plenty of room for growth in the market—less than 1% of e-commerce transactions in North America relied on “buy now pay later” deals. And Affirm says its data analysis of consumers’ ability to pay lets it avoid major losses. + +**Cons**: The largest e-commerce sites, like [Amazon](https://fortune.com/company/amazon-com/) and [Walmart](https://fortune.com/company/walmart/), have no need for Affirm and could even launch their own lending services. So could big banks or other financial institutions that can borrow money more cheaply than Affirm can. And more than one-quarter of all of Affirm’s lending has so far come from customers of a single retail partner: Peloton. + +## Airbnb + +Symbol: ABNB +First nine months of 2020 revenue: $2.52 billion +Revenue growth: -32% +Gross margin: 74% +Net loss: $697 million + +[Airbnb’s S-1 filing](https://www.sec.gov/Archives/edgar/data/1559720/000119312520294801/d81668ds1.htm) + +As the now-famous story goes, Airbnb co-founders Brian Chesky and Joe Gebbia decided to rent some airbeds in their San Francisco apartment after a big design conference caused local hotels to be fully booked. Their little web site, AirBedandBreakfast.com, eventually grew into the titan that has rented space to 825 million customers cumulatively across 220 countries. + +**Pros**: The fast-growing startup took a huge hit when COVID-19 curbed travel, but has since [almost bounced back](https://fortune.com/2020/06/30/airbnbceo-brian-chesky-bookings-rentals-recovery-2020-ipo-coronavirus-pandemic/). Bookings were down 72% in April compared to the same month in 2019, but for June through September, the declined narrowed to 19% to 23%. The company also brags in its regulatory filing that pandemic-related spending cuts, including slashing headcount by 25%, make it more efficient going forward. + +**Cons**: The pandemic showed that the travel industry is subject to sharp downturns that cut into Airbnb’s sales, and infections are on the rise again worldwide. The company has also battled restrictive rules in many cities and countries seeking to ban short-term rentals. Airbnb's filing disclosed it’s also in a battle with the Internal Revenue Service that could cost it $1.4 billion if it loses. And even after being in business for more than a decade, Airbnb is still on pace to lose around $1 billion this year. + +## DoorDash + +Symbol: DASH +First nine months of 2020 revenue: $1.92 billion +Revenue growth: 226% +Gross margin: 53% +Net loss: $149 million + +[DoorDash S-1 filing](https://www.sec.gov/Archives/edgar/data/1792789/000119312520292381/d752207ds1.htm) + +After moving to the U.S. as a child, DoorDash co-founder and CEO Tony Xu worked as a dishwasher in a Chinese restaurant to help make ends meet. The point of DoorDash, he says, is to help strivers and small businesses thrive. Now in business for seven years, DoorDash “dashers” deliver food and other items from almost 400,000 businesses to 18 million consumers per month as of September. + +**Pros**: DoorDash is the leading provider of delivery with over twice the market share of runner up Uber Eats as of October 2020. The pandemic has [ignited much faster growth](https://fortune.com/2020/05/25/coronavirus-jobs-food-delivery-doordash/) in food delivery as people avoid going out to eat. Some smaller players have already sold out (DoorDash bought Square’s Caviar service for $410 million last year), but further consolidation could let DoorDash charge more for its services. + +**Cons**: Once the pandemic passes, many DoorDash customers [may return to eating](https://fortune.com/2020/11/16/can-doordash-maintain-its-pandemic-boost/) in restaurants. Although California voters approved a measure to continue to classify gig workers like DoorDash’s dashers as independent contractors, other governments still are trying to classify gig workers as employees, which could wreck DoorDash’s business model. + +## Roblox + +Symbol: RBLX +First nine months of 2020 revenue: $589 million +Revenue growth: 68% +Gross margin: 74% +Net loss: $206 million + +[Roblox S-1 filing](https://www.sec.gov/Archives/edgar/data/1315098/000119312520298230/d87104ds1.htm) + +Much more than a video game, Roblox has become a virtual environment for millions of people and companies [to create their own games](https://fortune.com/2019/07/16/roblox-100-million-monthly-active-users/). Co-founders David Baszucki and Erik Cassel went from making software simulations for physics labs to creating Roblox in 2004. Now some 31 million people play daily, including three-quarters of all U.S. kids age 9 to 12, the company says (Research firm Dubit put the figure at [half of kids 9 to 12 this summer)](https://www.nytimes.com/2020/08/16/technology/roblox-tweens-videogame-coronavirus.html). + +**Pros**: Roblox has plenty of reasons for developers to stick around, including its large devoted customer base and the Lua scripting language that makes it easier to make new games. About two-thirds of current users are from the U.S. and Canada, so there is room for considerable overseas expansion. + +**Cons**: The pandemic super-charged Roblox growth rate, but kids may decide to put their screens down and play more outside after the crisis ends. Many users play on devices running [Apple](https://fortune.com/company/apple/) or [Google](https://fortune.com/company/alphabet/) software, putting Roblox somewhat at the mercy of the twin tech titans’ app policies. Other games have been banned and the app stores decide how much of each sale they are entitled to. A joint venture with Tencent to bring Roblox to China could be impacted by increasing trade tensions or new restrictions. And gaming and social media platforms come and go depending on the latest fads. Roblox could be the MySpace of gaming. + +## Wish (ContextLogic) + +Symbol: WISH +First nine months of 2020 revenue: $1.75 billion +Revenue growth: 32% +Gross margin: 65% +Net loss: $176 million + +[Wish S-1 filing](https://www.sec.gov/Archives/edgar/data/1822250/000119312520298630/d82777ds1.htm) + +Overshadowed by better known rivals like Amazon, [Alibaba](https://fortune.com/company/alibaba-group-holding/), and [eBay](https://fortune.com/company/ebay/), Wish [focuses its e-commerce services](https://fortune.com/2020/11/20/online-marketplace-wish-files-for-ipo/) on the “affordable” segment of consumers. Founded in 2010, Wish now helps more then 500,000 online sellers hawk goods to 100 million monthly active shoppers. Parent company ContextLogic has its name on the IPO registration filing. + +**Pros**: Shopping online isn’t just for the wealthy. Wish says it's targeting the 44% of U.S. consumers and 85% of Europeans who have household incomes of $75,000 or less, plus shoppers in developing countries. Wish’s platform is mobile first, and 90% of purchases happen via its mobile app. Although Wish doesn't make a profit, it generated free cash flow (or cash from operating activities minus purchases of property and equipment) of $23 million in the first nine months of 2020. + +**Cons**: Wish faces off against many larger rivals, such as Amazon, Alibaba and eBay, plus Shopify and Walmart. To compete against the giants, Wish spends vast sums, over $1 billion so far in 2020, on marketing. With deep connections in China, U.S.-based Wish could be hurt by worsening trade tensions. And as with other startups dependent on mobile apps, Google and Apple could undermine Wish’s business with new rules or requirements. + +[https://fortune.com/2020/11/25/2020-ipos-airbnb-roblox-affirm-wish-doordash-predictions-going-public/](https://fortune.com/2020/11/25/2020-ipos-airbnb-roblox-affirm-wish-doordash-predictions-going-public/) +"Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 21, or on Schedule C (Form 1040) or Schedule C-EZ (Form 1040) if from your self-employment activity" + +https://www.irs.gov/publications/p525 +I understand (and am not looking to debate) the benefits of using retirement accounts today and their future benefits, but does anyone else worry about the possibility of policy and governmental changes over the next (or in) 35 years eliminating (or materially reducing) these benefits? I fear for the people who are going to have retirement assets as 80+% of their personal net worth because they maximized retirement savings and instead of creating a better balance with cash and other hard assets. I see so many PF posts where once someone has a bit more than their emergency savings they are advised to max out their retirement assets, which might leave that person with the majority of their future assets primarily in retirement accounts. + +One of the primary benefits of retirement accounts today being the tax savings today and/or on the compounding of earnings. Use a Traditional and avoid paying tax today (assuming qualification, etc.) and defer the tax until retirement. Or use Roth and pay the tax today on contributions and enjoy tax free withdrawals. With growing support for the government to provide more and more services for citizens (e.g. universal healthcare, costly infrastructure upgrades, etc.), it's not crazy to think that our personal tax rates could significantly increase over the next 35 years to cover these costs. If in 35 years we're paying an average income tax rate of 40%, like in some European countries, rather than something more like an average of 25% today, I would feel like a sucker for having put my money into Traditional contributions rather than Roth, which is why I've switched my 401K contributions to Roth despite being in a higher tax bracket today than I might be forecasted to be in the future because the forecast is based on the assumption that tax brackets won't change. Alternatively, they could change the way retirement income itself is specifically taxed. We tax certain types of income at different rates, so maybe the future generations passes tax regulations that target retirement assets. + +As we approach the part of our lives where we need to be cared for and use either in-home or move into senior living type places, I could see my retirement savings being bled dry by these costs with little recourse to protect them (e.g. estate planning by taking a lump distribution to put into a trust 5 years ahead of potential medicaid needs, see the tax concern above, or using a Qualified Income Trust). Let's say the senior living facility costs $18,000 a month for an individual (and I believe this to be low considering my grandmother's recently cost $12,000 per month in NJ and was not what I would label as high-end or luxury). Well, if I have $1M in retirement savings (and didn't have any savvy estate planning), I wouldn't qualify for Medicaid and would have to cover the costs myself. Assuming this is care for a married couple, we'd burn through our life's savings in just a few years with nothing left for our children. But if I held cash I'd be able to protect it in a trust and qualify for Medicaid, thereby leaving my children with assets. + +The government, knowing how much our generation has been socking away into retirement savings, could take advantage of this as a resource to tap and through either change policies (like removing certain estate planning loopholes), increasing taxes, or changing requirements around distributions. Part of what I'm counting on is that my Roth assets aren't subject to RMD so that my annual income could be kept below limits that might provide me with benefits, but they could change that. + +tl;dr - I'm worried about future tax rates and policy changes that will eliminate many of today's projected benefits of retirement savings, leaving our generation feeling like suckers for maximizing our retirement savings rather than striking a better balance between cash and retirement assets. +Hi r/personalfinance. I’d like to share my success story about recently asking for and receiving a raise. + +I currently work in an account executive/outside sales position in a medium size, international company (1,500+ people). I was hired and trained straight out of college, which is extremely out of the ordinary for my type of position (most similar outside sales entry level positions are 5+ years experience). During my final interview, I was asked to name my salary expectations. I asked for 50k (which to 22 year old kid, sounded like a lot at the time) and they happily obliged. I received a 3k increase after successfully completing training and another 5k of the course of the next 3.5 years or so. I should also note that I get reimbursed fully on all gas receipts, cell phone, and a 6k per year taxable auto allowance. I also receive a yearly bonus that has usually been about 1 month of salary. My W2 showed 72k in taxable income last year. + +I have been extremely successful and have worked very hard to build my own account base in my job the past 4 years. My company and direct managers are very pleased with my progress, they think I’m a hard worker, and I always get great reviews. The real problem is my salary or bonus is not based on commission. I’m salaried with a profit sharing bonus that is based on how well the company (not the individual salesperson) does. + +This past year I did very well based on all measurable metrics. I knew that if I really wanted a raise, the time to strike was now. The past 1 or 2 years, I had been approach by several headhunters. I’m not really looking for a change of scenery as my current industry is consolidating, there are financial woes, and I’m well liked and really like my current work/life balance. However, I couldn’t ignore the numbers they were throwing out. The last recruiter to contact me told me the salary was up to 90k + benefits depending on experience (with a min of 3-5 years experience in my current role). 58k vs 90k is quite the discrepancy. + +During my last review I mentioned to my direct manager that I was unhappy that our bonuses/salary is not based on how we do as individual sales people. I also mentioned the fact that I had been approached several times by headhunters. I reiterated that I really enjoy my job and want to stay but asked if there any way to have a review. He said that he would get the message over to HR but wouldn’t promise anything. All salary decision must be reported to HQ in Asia for their decision. + +Less than a week later I was told that the president of the US would be in town for unrelated business and he would like to talk to me. We met and had an hour long discussion. I was able to really get him to relate to me, I shared with him the cost of living in Los Angeles, how I really enjoyed working with the company and would like to continue to grow there, and how I felt my number were incredible good. He just was put into his position about a year ago, so he had no idea how much we all made. + +He told me that there should be no problem getting an increase for me. All my managers think I’m very hard working, I get very good result, and I always get very high marks on my appraisals. He asked me to name a range and I asked for a bump to the 70-75k range (12-17k) increase. He told me he would send a request ASAP to the global VP who could decide on these matters. + +Less than a week later (!!) HR called and informed me that they had agreed to a 14k increase to 72k per year (25% of base!). In return, I gave them a commitment to stay for 3 years. As I mentioned before, there’s a lot of turmoil and consolidation in the industry, so it’s a good time to stay put and ride this out. I felt great that my managers went up to bat so fast for me and my company likes me so much they gave me a huge increase and wants to tie me up for 3 years. I’m also eligible for all future scheduled raises and I’m in a higher bracket for the year profit sharing bonus. + +All in all I went from 58k salary to 72k salary effective this month! On top of the other benefits and bonus, I’ll be making at least 90k per year which I’m so excited about! I was very hesitant and nervous to ask but I thought that I deserved it. I lurked this sub for good advice constantly so I wanted to share my story of good fortune! Thanks to everyone for reading, let me know if you have any questions! + +My post is not intended to be a one-size-fits-all approach. It’s merely a lowly account of how I beat the cycle of poverty. I will mention parts of my personal 30+ year journey as illustrative examples. I’m a very pragmatic person, so I like organizing my points into actionable deliverables and providing practical tips. + +I’ve noted common vs. uncommon advice so that it helps you skim / skip. Even for the common advice, it might be worth the read because I’ve attempted to narrow it down to the most useful / impactful ones that worked for me. + +&#x200B; + +1. **\[Common\] Your greatest asset is your health, don’t overlook it.** I know some of us had to work multiple jobs, myself included.. but I learned this the hard way. Your health should always come first. Without it, you can’t work and you can lose everything. + 1. **Active prevention** \- Eat right, exercise and get an annual physical (if you’re able). You don’t have to pay for a gym - walk 30 minutes a day around your neighborhood at a minimum! A cheap alternative to the gym is the city community center ($30 for the **entire year** in my high cost of living city vs. $30 **a month** at a commercial gym). + 2. **Don’t overwork** \- Each person has his or her own limit, but… don’t take on too much. You can suffer from exhaustion and die from it. + 3. **Keep your mental health in check** \- Talk about your struggles with loved ones, and seek outside help from counselors, a religious leader or even Reddit! Mental health is so important and without it, we can make bad decisions that have irreversible consequences. +2. **\[Uncommon\]** **Sacrifice** \- Unfortunately, living in poverty taught me that it is filled with heavy sacrifices. + 1. **Some social events** \- I was never able to attend school dances. Why? They cost money and I was barely able to afford clothes. I wore a rotation of 2-3 school outfits the whole school year. I spent my early twenties busting my @ss off at work to get out of the projects. There was nothing like drive bys during holidays to motivate me to work harder. People who love you, will make time for you, and vice versa. To some, social events are very important. Although it was painful at the time, I don’t have any regrets. + 2. **Material necessities** \- Having a car is a necessity in my area… and I had to take several hours of bus rides when it could have taken 20-30 minutes by car. As a woman, I was not able to afford beauty products when I was poor. It was tough, but at least there were workarounds... + 3. **Time, effort and sleep** \- Greatest things you’ll have to sacrifice when you don’t have money… + 4. **Dignity** \- Working at the bottom could be one of the most dehumanizing experiences one can face. People use you and treat you like shit. They talk over you, yell at you, tell you you’re not worth it in some form, etc. How I overcame this was by becoming more emboldened and standing up for myself. **DOCUMENT evidence**, my friends. BE VERY SPECIFIC with dates, times, places, quotes, etc. and email it to yourself, should you ever need to use it. Unfortunately, some people just don’t have class, so when they resort to **personal attacks**, I shut it down **immediately** by simply stating that it is below my level of professionalism when someone is unable to stick to the work product. I’m used to having experts nitpicking and tearing apart my analyses… and one of the hardest lessons to learn early in my career was not taking these critiques personally. I used to be afraid to speak up to abusive bosses for fear of losing my job… but I armed myself with knowledge and experience to combat this. So I learned how to argue, come up with counterpoints, poke holes in their logic and reasoning, but most of all - control my emotions and being professional even when others are unprofessional. Don’t get me wrong, I’ve had awesome bosses as well, but early in my career, I’ve had to deal with an inordinate amount of bad ones. Growing up, bullying was common for being poor. I was made fun of for a lot of different reasons, but it taught me to be resilient and enabled me to improve myself. +3. **\[Common\]** **Make friends and network** + 1. I’d say about 33% of the people at a previous firm were hired through friends and/or family. They had a guaranteed interview at a minimum vs. someone submitting a resume had like a 1/100 shot at an interview. + 2. One coworker I had was incredible. She would befriend almost every client we had and was so genuine… She had a personal touch with each person. You better believe she was one of the most amazing people I’ve had the privilege to work with and to learn from. + 3. Networking and making friends allows you to have more job opportunities and tap into a pool of resources. Different people are good at different things. They can help you out in life and vice versa. +4. **\[Common\]** Capitalize on your strengths, minimize your weaknesses and develop yourself. + 1. **Know what your strengths are and cultivate them.** I used to be painfully shy and had trouble speaking to everyone. However, I had to change this in order to get good grades, be gainfully employed and move up the ladder. **Communication skills** are absolutely necessary in order to get ahead in life. The ability to be persuasive and convincing with your viewpoints, the ability to distill complex information in an understandable manner, utilizing humor to lighten intense situations and being able to give valuable input and solutions - all of this is rolled up under communication skills. + 2. **Minimize your weaknesses.** We all have weaknesses, and you need to find out ways to mitigate them. Some people are predatory and will try to use them against you, or we can just fall short at times. It’s good to admit we have them and try our best to improve. +5. **\[Uncommon\] Try to be nice to everyone, even the @ssholes.** + 1. Don’t burn your bridges, if possible. It’s a small world out there. You will most likely run into people again at some point especially if you work within a certain field. Even if someone did you dirty, keep it professional and move on. I don’t waste my energy trying to get revenge, or telling them off, or whatever… things have a way of evening themselves out. + 2. Sometimes, you have to work with @ssholes. Be nice to them, or at the very least, deliver the message without negative emotions. You never know when the jerk will actually help you. +6. **\[Uncommon\] Opportunities** + 1. **Learn how to identify opportunities, prioritize them and take action on the right ones.** First, it might be easy to identify opportunities if you’ve grown up without many. However, there is an art to knowing which ones to take or leave behind. What I mean is that some opportunities are indirect or too speculative. Some are tempting but are too risky… In the end, it depends on what you want and what you value. For example, it might be tempting to take the higher paying job offer that has little upward mobility because you have an immediate need for money, but in the long run, career development and advancement becomes increasingly important. + 2. **Create opportunities.** You can create opportunities especially nowadays. I created my own jobs by learning some musical instruments and providing lessons that paid me twice the minimum wage at the time (which was still much less expensive than what professional musicians charged), and the occasional gig at $100 an hour. For the record, I disclosed to everyone that I wasn’t a professional musician. + 3. **Opportunity cost.** Evaluate your opportunity costs. Although you might have no choice but to be the fixer of your car / water leak / random plumbing issue / etc., be an assembly person, cook, etc. if you’re able to afford it, it might be worth it to hire a professional to save you the trouble. I calculate how much I make an hour and multiple that to the estimated time it will take me to fix it, and then make my decision. Some opportunity costs aren’t quantifiable by money, but might require sacrifices made on life events. I remember not telling my mom about the parent conferences or mommy and me events at school, because I knew she had to work. +7. **\[Common\] Take advantage of the resources available to you** + 1. There’s no shame in asking for help, but be proactive as much as possible. Take initiative, and take advantage of the resources available to you. It goes both ways. One day, when you’re out of poverty, you’ll remember the help you got and hopefully help others! No one can do it alone. +8. **\[Uncommon\] Your greatest business partner is your significant other.** Think of it this way - Who gets half (theoretically) in the case of a divorce? Cut people out that are toxic and get closer to the ones that make you better. + 1. Haters - There will be haters and naysayers around you. Don’t let the hate get you down. + 2. Try to surround yourself with people that make you better, not worse. + 3. One of the biggest decisions in your life is settling down with “the one.” It has a great impact on your financial life. Sometimes, you can get out of poverty from marrying someone well off; other times, you can get into the trappings of poverty from marrying someone who makes bad financial and personal decisions. All I can say is, do whatever you can to be self-sustainable because the divorce rate is 50%, people’s health fail, shit happens, and in the end, it’s up to you to decide how you want to live your life. +9. **\[Common\] Know your audience and learn how to pitch yourself** + 1. You need to know your audience and adapt to their preferences. This means that you may have to study up on the common trends, specific vernacular and small talk in your desired career field. + 2. Learn how to pitch yourself, not only for interviews but to advance yourself in your career. +10. **\[Common\] Strike a balance** +11. Try to strike a balance in all that you do. For major decisions, sleep on it and get other people’s viewpoints - especially opposing viewpoints. Don’t surround yourself with yes people because this will hurt you in the long run. +12. **\[Common\] Grow your money / earnings potential.** +13. **Education** \- Learn the necessary skills to earn a decent paying job. Whether it be college, trade school, certificates, apprenticeships, etc., gain the knowledge in order to get the experience, which leads to more $$$. There are many threads on this, so I won’t go into further detail. It’s worth noting that I tried to get accreditations and degrees on paper from well-established institutions so it minimizes any credibility issues. +14. **Experience** \- Even if it’s an internship, you need to get your foot in the door by getting real experience. I recall many “entry-level” positions requiring some experience… +15. **Branch out into related fields** \- Jobs are becoming highly specialized. Try not to pigeonhole yourself into one niche and be adaptive to the needs of the job market. +16. **Investing** \- Take advantage of any matching offered by your company, learn how to invest your money even if you don’t have it yet. I believe in value investing and investing in companies that have differentiation, a clear path towards revenue, and actually making revenue. I try to stay away from companies that are losing money even if they are well known (even if it’s in a growth stage) - different thoughts on this though and it’s largely personal preference. Diversify your wealth so that you don’t lose it all at once. +17. **Depends on your area, but try to save up to buy a home** \- Rent money goes out the window vs. you’re able to build equity when purchasing a home plus tax benefits. Lots of advice on this elsewhere. +18. **\[Common\] Learn how to manage your money and track it regularly.** This goes hand in hand with building wealth. What good is it to make a lot of money when you don’t know how to keep it? +19. **\[Uncommon benchmark\]** Differentiate necessities, nice to haves, and wants / splurges. Denote the frequency of use. Analyze how much of your spending habits fall within each bucket. When I was living in poverty, 99%+ of the money spent was on necessities. It was rare that I would get a Christmas present, and I remember thinking as a young child that it meant I was a bad child. I cried myself to sleep and then cheered myself up when I came to the conclusion that Santa couldn’t give me a present because my apartment didn’t have a chimney. (I lived in the suburbs, so we didn’t have toys for tots programs nearby.) +20. **Track your spending habits.** This will make you aware of how much you’re actually spending / wasting / saving. It allows you to make corrections expediently and makes you accountable. +21. **\[Common\] Save, save, save.** +22. **Saving money** is the first step to getting out of poverty. If you have a 90%+ rate of spending behavior vested in necessities, then it means that you are getting the required discipline to save. Analyze how many unexpected financial events happened in the past year, and then adjust your savings rate % accordingly, or better yet, use a 5 year average. +23. **Biggest savings behaviors** \- Cooking at home, ability to fix things, being good at administrative stuff / filling out paperwork pay off, big time. +24. **Savings from coupons.** Whether it be online, or the ads you get in snail mail, utilize coupons whenever possible! +25. **Frugality**. Whole subreddit dedicated to this. It’s worth noting that I’m all for saving the environment and saving money and stuff… but I draw the line with reusable toilet paper. + +&#x200B; + +**Mindset-oriented** + +1. **Don’t get trapped in the victim mindset** + +I got trapped in the victim mindset in being dealt a bad deck of cards. I didn’t have much handed to me growing up, and I definitely had a lot of resentment and bitterness for suffering for things I didn’t cause myself. This resulted in a depressive “Oh woe is me!” cycle in which I spent a lot of time crying, complaining, being hopeless, etc. Then one day, I realized that I was wasting time because instead of doing something useful, I was spending my time being miserable. Now, don’t get me wrong. Emotions get the best of us and can’t be controlled at times… but deadlines are unforgiving, and I had to make ends meet. So I realized that although I cannot control what happens to me, I can try to control how I react to them… which brings me to the next points. + +**2. Turn negatives into positives** + +This took a lot of trial and error, but I had to learn how to turn negatives into positives. Stuck with team members that slacked off? I wasn’t happy with them, but I saw it as a leadership opportunity and carried the team. Not enough money to buy breakfast? It’s okay, I don’t have to work out as much. Made fun of for wearing the same clothes? It’s okay, I’m going to channel all the anger I have and study/work more. Success is the best revenge. + +3. **It’s okay to fail.** **Just pick yourself back up and try again.** Try as many times as you need to. Try something different. The key is to not be discouraged or paralyzed from the fear of failing. I didn’t have much to lose, so it explains why I kept at it. Have a back up plan, and another backup for the backup. + +4. **Get out of your comfort zone and challenge yourself.** You’ll need to get out there and make things happen, because no one is going to do it for you! Get used to doing things you don’t like. I had to leave my ego at the door and have a receptive, learning attitude. + +5. **Enjoy the pleasantries but also recognize the faults.** Sometimes, we think in black and white. If you like someone, you can ignore his or her faults, and vice versa. I think it’s important to have a well-rounded, realistic view of everything and everyone, including ourselves. + +6. **It’s easy to say you “know” or say you will do something, but hard to actually do it.** There’s a lot of times when I hear people refuse advice because “they already know” or they say they’re going to do it… but very few times when I actually see people applying or practicing the lessons. It’s not just about knowing, it’s about doing. + +&#x200B; + +**Things I learned while being poor:** + +* Jack of all trades - Because you don’t have a lot of resources available, you end up doing a lot of random things. +* I’ve seen people go either way - Either they become GREAT problem-solvers, or really bad at it. You usually have to go through a milieu of different kinds of bullshit, usually simultaneously, so you get good at coming up with solutions on the fly and putting out fires. +* Learned early in life that my best was not enough. It was utterly devastating. I had to learn my shortcomings and limitations, and saw inequities abound. +* I try not to take things for granted. I thank people for helping me and for whatever contribution they bring - big and small. +* I learned not to be as judgmental. Living a tough life, I know I could have messed up and have made mistakes. When someone makes a bad or unhealthy decision, who am I to judge? It could have been me! +* I was ugly, awkward and poor, of which the most painful was being poor. Being poor means that no matter how smart, capable, etc. you are, you still might get passed up because you didn’t have certain connections or opportunities presented to you. It’s a powerless position in which you see the worst in people, and in rare times, the best in people. +* No one wants to hang around someone who is sad / complaining / etc. Although it’s hard at times, I try to be upbeat and positive. I don’t want to worry others or burden them with my problems - each person has enough of his/her own struggles. +* **It’s expensive to be poor.** You get hit with bank monthly minimums, higher interest rates, etc. +* **Social injustices are real and rampant.** This is another thread in itself. +* **Keep your eye on the prize** \- Don’t lose focus. A lot of small steps and small wins are necessary for the big win. It’s okay to have setbacks and make mistakes - just… keep… going. + +&#x200B; + +**What gave me an edge:** + +* **Good reader of people.** This allowed me to avoid toxic people and gauge situations effectively. +* **Anticipate people’s needs.** This gave me an advantage because people really appreciate when you’re able to deliver what they want/need without them having to tell you. +* Struggling AF during junior high and high school competing against kids that had so many resources. I had to put in 2-3 times the effort. I continued this work ethic and this allowed me to get multiple degrees and certifications while working. +* Ability to quickly pick things up, including thinking on the fly. People don’t really hold your hand in the real world. While I had many good teachers, I had to self study a lot of things in the workplace. Most of all, I had to learn how to react and adapt quickly to sensitive and tenuous situations. +* An open mind to learn new things, flexibility and adaptability, being forgiving, giving without expectations or quid pro quo, motivation to do better and be better, and belief in God. + +&#x200B; + +**Things I learned NOT to do:** + +* Try not to get into unhealthy addictive behaviors. It’s difficult to get out of, and it usually perpetuates the cycle of poverty. +* Don’t blame others for everything. Try to be accountable to yourself, and own it. Of course others are to blame sometimes, but playing the blame game doesn’t really solve the problem. +* Try not to become disillusioned, and don’t lose hope. It took me 20+ years to get out of poverty. It might take some others less time, and some others more. However, the key is to keep trying and know that at the end of the day, love heals the pain and covers a multitude of suffering. +* Don’t be cruel to others, even if you think they deserve it. When we get into a cycle of vengeance, you often become destroyed in the process of trying to destroy others. +* Don’t rely on others to break the cycle of poverty for you. If you get a lucky break, then great! However, the reality is that for many people, we have to break the cycle ourselves. + +&#x200B; + +Thank you for reading! Hope it was helpful. +Your job as a trader is to wait for trading setups that meet the criteria of your trading plan. + +Big money is made by sitting on your quality positions not forcing trades out of impatience. + +Spend your time formulating a legit trading plan instead. + +Plan your trades. Trade your plan. + +- Anderson (TC28) +I'm a single mom. I work full time and do odd jobs for extra when I can. I don't receive child support (pending). I am barely making ends meet and with the cost of living constantly increasing have been living paycheck to paycheck for awhile. I pay basic expenses and have nothing left. I skip meals so my kid can eat. This morning I found out that my rent check bounced due to an issue (on the company's end) with my last paycheck. I am so tired and so scared and don't see a way out. + +ETA: I didn't expect this to blow up. I will answer as I can. Shortly after making this post, I received some awful (unrelated) news and I just don't have any more energy. I am completely overwhelmed by the compassion here. I just want to say thank you all. I have received so much good and useful advice. Peace and love. +I think this is my first post here. Long time lurker, but a shame it had be this kind of post. + +Welp, that's it folks. All the BTC I had to to my name has been stolen on 11/13. + +After checking my wallet a couple of days ago, I noticed an unfamiliar transaction that sent my remaining Bitcoins to some address on 11/13. + +Not sure if it's a good idea to post the transaction ID, but I suppose I could if it sheds light on anything. + +After I saw this, a rush of emotions came over me - despair, hopelessness, I had a pit in my stomach that was so dense, I nearly wanted to throw up. I could barely eat or sleep the day after. Even though it's been a few days now, those feelings are still very strong and I feel they probably will be for a long time. I keep waking up and checking the wallet hoping it's some sort of mistake, but it's real unfortunately. + +It took a while for me to process through the situation just enough to put some thoughts together for this post, but I guess the point of this post is two fold: + +1. It's a bit cathartic for me to be able to get some thoughts out +2. I hope that other people learn from my mistake - coin holders need to take security seriously. Be patient, learn about security of your coins, and enact what you learn. Be diligent. Convenience is an enemy of security. + +The coins I had were originally mined back some time in 2013 if I remember correctly. + +I really had no idea what I was doing at the time, but a friend turned me on to mining and I figured why not, may as well put my GPUs to use for something else while I wasn't gaming. When he first told me about mining, I thought hmm - I bet all this computing power is going to something like helping the government crack into things, but after some light reading on Bitcoin - it stood out to me as something special, so I decided to do some research, joined a pool and started mining some coins not long after. + +Over the years, I sort of forgot about them and they stayed within my Bitcoin core wallet what I had used originally when mining, but three to four years ago my interest in the technology renewed and I really started reading more into the details of the technology and talking about it with coworkers. + +However, after some time I noticed that the Bitcoin core client was becoming quite cumbersome having to store all of the blockchain data and I had moved on to laptops with less storage available than my old desktop and so I started looking at some of the more modern wallets and landed on Electrum. + +I started using Electrum and it seemed to do the job well for what a wallets was designed for. I guess it's my mistake for not keeping up with the real (security related) news surrounding Bitcoin and wallets and various hacks and scams. My memory is a bit fuzzy, but I'm pretty sure I fell victim to a phishing attack vector within the Electrum wallet and possibly was led to download an update from a location other than the main site (github releases section seems to be faintly a thing that I remember). It was either this, or maybe my system was compromised some other way - either way it's a painful lesson in how not keep your coins secure. I really should have just put my coins into cold/offline storage. + +It's a real shame, I was really proud of owning these coins having mined them originally myself and I was hoping one day that I could split them between my two sons when they were old enough to understand and appreciate the technology in 18-20 years and who knows how widespread the technology and understanding will be by then. I feel like I failed them. + +I'm not really sure where to go from here, still trying to work through that. I've definitely been reading up more on security and how to make sure that something like this doesn't happen again should I find my way back into crypto. I wish I would have taken security more seriously up front, it ended up being a very costly mistake not doing so. + +I don't have nearly the disposable income to get back what I have lost. At the current price, it'd take years upon years, and it's highly unlikely that the price will retreat significantly. However, I truly still do believe in the technology, I just find it a bit sad that the main way to participate now is to convert USD to BTC - I wish mining was still a thing for the average person. + +Stay diligent and vigilant people, don't become lax like me. Read up on methodologies and practices for keeping your coins secure. Be patient and take the time to make sure things are done right. + +If this post helps even one person to take their coins more seriously and read up on better security, then I suppose it would be worth it getting these thoughts out. I wouldn't wish the feelings that I've experienced over the past couple of days on anyone, they are truly feelings of despair and regret. + +&#x200B; + +EDIT 1 (12/7): Posting the TxID seems to be a popular request. Here it is: + +b54a451c19e0a5e69c9c9bc0073d2499118bf574da254937ee698996f58181fb + +I tried following it myself, but I'm not a blockchain expert, but from what I'm seeing they redistributed the funds through many other wallets which I guess is a common tactic to reduce chance of being tracked. + +Note that when I got back into the technology 3-4 years ago and talking about it with coworkers, I was made aware of other chain forks and did claim some BCH, BitcoinGold, Clams, and BSV - I followed guides for moving the funds to new wallets after having to give up my private keys. It should only be a couple of hops (4-5?) to see that these were mined back in 2013 or so. All in all, I had mined around 4 total, but traded some away when I got back into it 3-4 years ago around the time altcoins started gaining popularity. + +&#x200B; + +EDIT 2 (12/7): Thanks all for the responses. I enjoy reading them all, even the critical ones (as those are the ones that help you grow). I posted this right before I went to sleep last night which is why I was slow to respond to comments and post the TxID. + +First, I'm not looking for pity here - I realize the mistakes I made are purely my own. First - I should have done my due diligence and researched hardware wallets more seriously. I've always been leery and untrustful of USB devices which is why I irrationally dismissed hardware wallets previously. Painful lesson, but you bet I'll be investing in one of these now for any future crypto holdings. + +I also made a grave mistake of keeping my wallet on a machine that I used daily for other activities, these are the kind of things that should not be taken lightly and if there's anyone else out there doing this now - stop - read up on better security methodologies like hardware wallets or at the VERY LEAST setting up a separate system/environment purely for your wallet. +That is it, my beautiful apes. When the price starts to spike up, I can already see a flood of screenshots from every source of stocks like *"$GME at $1000 and I'm not selling!", "$GME at tree fidi and hedgies r fuk", "Watching the ticker in my hot tub at 10 milli and still HODLing"*. Believe me, every active member of the GME subs will be staring at the screen 24/7 when the rocket takes off, so PLEASE don't bury important wrinkled brained posts with useless information. + +&#x200B; + +I love you apes. We all want the tendies, that's one of the main reasons we are here and we are really close. Just remember, a lot of people will suffer from the collateral damage, so please, DON'T FUCKING DANCE. + +&#x200B; + +See you on the moon! +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!! + + +# 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 +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. +To all the FI'ers out there that are making 6 figure incomes and higher, how'd you do it? + +Did you invest years in school? + +What was your debt load when you started your career? + +Did you see a massive pay hike, and when? + +What do you make now, and will you make more in years coming? + +Did you marry wealthy? + +Tell us your story +I'm looking to see what are some of the Highest paying dividends ETF's out there but that are actually QUALIFIED! + +I've got a good handful of Non Qualified ETF's but now wanting to only invest with just qualified payouts. + +Not trying to chase high yield funds but want good quality funds that will return higher dividends. + +Would love hearing from everyone on what you are buying that are paying qualified payouts. + +Looking forward to your comments! +🌐SAFU  goal is to make it simple and SAFE. + +Completely driven by its SAFU and creative community members with features like Safety Utilities, Crypto Exchange to allow trading and swapping through multiple chains. + +SafuCheck will become the easiest way to analyze the safety and certainty behind a crypto project in BSC network, to be followed with our own upcoming app. SAFU is here to deliver safety. SAFU is here to be your best friend. SAFU is here to stay. + +🔸Rewards dashboard online this week, 4% BUSD rewards. ++50% Holders last week. +🔸Partnered with DoKEN, staking pools live. +🔸Provides Layer 2 KYC Services. +Team expanded. +🔸Major news media coverage. (Boston Herald) +🔸News article coming out shortly. + + +🔥 Chart very bullish +✅SAFUCheck utility developing nicely, first beta version should be within the next few days. +‼️ Full team now doxxed. +🔸Worldwide press release about to be submitted. +🔸Marketing incoming, ready for the next step. +143 holders +639 group members +🔸Turkish and Indonesian communitys now live. + +🔸 Tokenomics + +Total supply 1 trilion- 6% burned + + 🔹 Buy tax 10% +3% marketing +2% utilitily +2% liquidity +3% to holders + 🔹 Sell tax +2% to LP +5% to holders +5% marketing +3%utility + + +Find more info + +Telegram: +https://t.me/SAFU_Coin + +Twitter: + +https://mobile.twitter.com/SAFU_Community + +Website: +http://safucoin.net/ + +Whitepaper: +https://safucoin.net/assets/media/safupaper.pdf +My dear sweet apes - I had an insane idea last night reading all the GG posts (why do the craziest ideas come in the middle of the night?!?!?) ***What if we invited GG for an AMA?*** I am just a smooth brain ape that has no involvement with the AMA team, nor do I know anything about the process of AMA. I could be fuking nuts and this could be totally impossible, but crazy ideas bring on change, amirite? Wish I could make this post a poll, just to take the temp of the sub. There is a sliver of hope that this idea could work - the fact that he is on social media and MSM, addressing the same concerns - such as dark pools and short selling. IDK I could be fuking nuts. Just writing this feels absolutely insane. + +Ya, I could be totally off with this idea - go ahead and crush me for it - I will continue to buy and hodl. + +Taggin the Mods for them to see this ridiculous idea [**u/Bye\_Triangle**](https://www.reddit.com/user/Bye_Triangle/) [**u/jsmar18**](https://www.reddit.com/user/jsmar18/) [**u/\_Badtothebone\_**](https://www.reddit.com/user/_Badtothebone_/) [**u/ButtFarm69**](https://www.reddit.com/user/ButtFarm69/) [**u/Nauaf101**](https://www.reddit.com/user/Nauaf101/) **- Not sure which mods to even tag - left out the satori squad** + +edit - tagging [u/dlauer](https://www.reddit.com/u/dlauer) [u/atobitt](https://www.reddit.com/u/atobitt) [u/sharkbaitlol](https://www.reddit.com/u/sharkbaitlol) + +Edit 2 - Thanks for the awards apes! It seems that an AMA would be a little tricky, and the best idea would to be have a very structured educational session with GG - if anything at all happens. I truly love this sub. Excellent ideas, thoughts, angles to look at this.🦍❤️🦍🚀💎🖐🍌🍦🍌🍦🍌🍦🍌🍦 +I have been talking to a good friend about this idea for a while and he just doesn't seem to get it and I don't know why. I really want to help motivate him towards attaining the life he wants for himself and his family. + +To me, the amount of student loans my wife and I have are the biggest obstacle between us and the life we want to live. Saying goodbye to $600 of our hard-earned after-taxes dollars KILLS ME every month. That's why we live incredibly frugally and have a singular focus of being debt free by the age of 30 (we're 26 and have around $50k left). + +A year or so ago I was in a real motivational slump when it came to paying off debt. It happens. But then one day I started adding up all of the monthly payments we no longer had either due to trimming the budget (bye, Hulu) or paying off credit card balances, our cars and other things. That's when I realized that the amount of monthly payments we no longer have to make is around $700! Using this [nifty little calculator](https://www.omnicalculator.com/business/salary-to-hourly) for some helpful visualization I realized that the $700 per month was as if we gave ourselves a $4.04/hr raise over the last three years. Or, put another way, $8.4k annually (after taxes). + +Life is hard, debt sucks and it often seems insurmountable. Especially if the total number is in the tens of thousands owed. How much of a raise would you be giving yourself by paying it off? Any other mental tricks/illustrations you guys would recommend to help motivate a friend into not thinking their own debt situation is hopeless? + +EDIT: Wow, thank you so much everyone for sharing your thoughts and stories. One of the reasons I love this sub and Reddit in general is the opportunity to cross paths with and learn from people I never would otherwise. Keep pressing on! +I don't really see many economists talk about it. +Why do they not talk about it? +Is there something wrong with the calculation of it? +To be clear, I'm using the definition on the [Wikipedia page.](https://en.wikipedia.org/wiki/Living_wage) +Not an unpopular opinion, I understand most of apes in this sub are aware of this. Just wanted to get the millionth reminder on screens that all uncertainty can go out the window at 1k+ + +It's a hold until your floor once that happens! And this price is moving ever closer! +Going back to the first few years following the launch of Bitcoin, there were limited options for purchasing the cryptocurrency and users were often required to interact with unregulated and risky exchanges. Many of the first exchanges were hacked, most notably Mt. Gox, and users’ funds were lost and their information stolen. + +Today, majority crypto exchanges must comply with extensive laws and regulations depending on the jurisdiction they are based in, and a number of top exchanges have led the way in developing processes for digital assets to be traded safely and securely. Of course, they still remain vulnerable given what happened to Celsius recently. + +I get it. Self-custody has advantages. Crypto exchanges can freeze your account at their discretion, and their customer support is a disaster. The government can ban crypto and freeze your funds. In an emergency, you can take your hardware wallet to another country. You can yield farm. And so on, but the risks are just as high as outside custody. + +There are numerous stories on the Internet about engineers who have lost everything due to a custody error (losing their seed phrase, typing incorrect seed phrase, a hard drive failure, a backup failure, their house burns down, having their seed phrase stolen,). I've met many of them, and they all regret not keeping their coins on crypto exchange. + +And if bad things happen to engineers, what about the rest of us? It's asking for trouble to tell the world's grandmothers to buy a clunky hardware wallet, upgrade its firmware, navigate a janky UI, and send a bunch of alien-looking transactions around. + +Frankly, I absolutely hate having to “caretake” and be responsible for my own crypto, remembering passwords, doing stupid wallet updates, constantly worrying about malware, stressing about PC/phone changes over the years. For small amounts it might be fine, but for larger amounts, across multiple cryptos, I don’t like it. People say it’s easy, just get a ledger, yeah my ledger details were leaked in that hack, which resulted in consequences for me. + +I could withdraw my cash every month from the bank and keep it under my mattress, but I don’t, for obvious reasons. I don’t know anyone who does. All this “be your own bank” thing in crypto is fine for mickey mouse amounts, but once these amounts start becoming serious, it’s ridiculous. + +The general consensus online is that you should never keep your cryptocurrency on an exchange or in the hands of a custodian. Instead, you should store it all on a hardware wallet. + +I believe that an alternative to the popular "not your keys, not your crypto" mantra is to "keep your crypto everywhere" in top CEX such as Coinbase, Binance, Kraken, Gemini, and FTX. In addition, BlockFi, Crypto.com, Nexo and [Haru Invest](https://finance.yahoo.com/news/haru-invest-acquires-money-business-130000294.html) deserves special mention for obtaining an MSB license from U.S. FinCEN, which contributes to the expansion of CEXs adhering to the extensive laws and regulations. +400k, seller pays 5k in closing costs, I will be putting 20% down, rent for the area is $1200 per unit, and taxes are $8,500/year. + +I'm getting an inspection done, my main concern is the main sewer drain. + +Electrical and roof was remodeled in 2010. Two units from 2010 remodel, two units updated last week. I will be moving into a 2010 unit to remodel it. + +Any advice ? I own a couple duplexes but this feels big time... More like an apartment than a house. + +In Lakewood, Ohio if that matters. +At least those people whose opinions you value. + +Vaguely coherent gift rant: My sister just sent me a gift idea for my grandma. It's a personalized fingerprint necklace. But the thing costs $110... Far beyond my budget. But it started me thinking about my Grandma, and gift giving. + + I think this goes for any Grandma, but she has lived a long time already, and I think she's experienced all that the material world can give her. But yet I feel like most people spend a lot of money on gifts for their grandma. I'm just spit-balling, but I am guessing grandmas don't *really* care about getting new stuff. They enjoy the time spent, the photos, the memories etc. + +Even for my parents, I feel like a weird obligation to spend more money on their gifts than say, my sister's gift. But after thinking about it a bit, it makes no sense. There is nothing they could want that they can't get already, so why should I over-extend myself to give them a gift that I deem 'expensive enough'. So don't try to live up to this fictitious expectation that you've set in your head as an acceptable amount to spend on someone's gift. + +People you cherish and love should not give a shit how much you spent on their gifts, and if someone turns up their nose at your inexpensive gift, then that's a good indicator they are a shitty person. +I have some money saved up that I was saving towards a down payment for a townhome. Meanwhile my parents are also trying to buy a new property and they are about $30k short on their dream house on an already stretched budget. + +Debating whether to help them with $20k and push out my plans by a year or two. Or to tell them to go with what's in their budget and not help them. + +For context, I'm 28, unmarried and trying to buy my first home. And they're in their mid 50s and trying to buy a home they can retire in. + +A personal financial goals vs family guilt dilemma! + +EDIT: + +Thanks so much to everyone who responded. I want to add some more info because I see some recurring good questions: + +They very recently sold their current home because of physical health related reasons. After paying off current outstanding debt they have around $140k left. + +Their stretched out budget is $200k. So they plan on financing $60k for now and my dad plans on paying that off completely with his retirement savings when he cashes that out. Monthly payments until then. + +Their "dream" home is $230k. They haven't asked me for the money but I know they expect me to help financially it's just they don't know exactly how much I have saved up. + +I also wanna mention that I don't want them to sound like they're just waiting to pounce on my money or something, it's just that I always wanna send them money to help out but $20k needs more thought than a couple hundred bucks every month. It took me 4 years to pay off my student loans, build up emergency fund and build these savings on top of that. + +P. S. All figures are closest approximates in USD. I earn and live in the US and my parents live in India. +Hello, + +I’m seeking finance tips on how to best budget and plan for the recession that’s coming. I was young during the 2008 recession and I remember that my family had it extremely bad so much so that we often didn’t know where our next meal was coming from. Now I’m 21, putting myself through college, and just moved into an apartment by myself. I’m in between jobs right now and I’m scared for the recession to hit. Everything I’ve found estimates a recession to occur between the end of this year and early in the next year. How best can I prepare myself for what’s ahead? I don’t have anyone close to me to ask so I’m turning to this thread. Thank you all in advance! +For more info check out our Official Telegram Announcement at [https://t.me/puli\_inu\_announcements](https://t.me/puli_inu_announcements) + +**XT.COM LISTING!** + +*Listing announcement*: [https://xtsupport.zendesk.com/hc/en-us/articles/6233084896665-XT-COM-Will-List-PULI-Puli-](https://xtsupport.zendesk.com/hc/en-us/articles/6233084896665-XT-COM-Will-List-PULI-Puli-) + +XT Exchange listed Puli Token in the Main Zone (Metaverse Category) under PULI/USDT trading pair. + +**Upcoming Events:** + +The CEO, Christopher Johnson, and three of his team members will be present at Consensus2022 in Austin Texas from June 9 to 12. Come meet the team! + +**Additional Support from** **XT.COM****:** + +XT.COM will be supporting the Puli Community with additional social trading services such as: + +* BTOK group building for 3,000 users minimum +* Red packet activity on the Puli BTOK Group +* BTOK banner displays on the discover page +* BTOK Hot Group display for 5 days +* Open trading pairs in BTOK's official group and XT.COM group +* Listing ok Tapatalk + +**Description:** + +Puli (PULI) delivers simple yet very addicting P2E games supported by a novel NFT system. The first game, Puli Runner, was successfully launched on 31 January 2022. The team has also acquired a gaming studio for the development of future Play-to-Earn games. In addition, the token is supported by Lightspeed Crypto Services, LLC to support mobile game support on Android and IOS. + +The purpose and key features of the token include a 10% Buy and 10% Sell tax that are used to fund aggressive marketing, game development, and stable liquidity. In addition, the asset can be staked on chain for added earnings with instructions available at their website. + +The token has been audited by Coinscope, InterFi Network and Certik. The contract owner has been KYCd as part of the audits. The entire team is doxxed to the community. + +**Current Game Status:** + +* Puli Runner: Released on Android and IOS +* Puli Astro: Under open beta testing with the community +* Puli Degens: NFT-based pixel art RPG Game --- alpha status with a target release date of Q4. + +**Additional Information:** + +Website: [https://pulitoken.net/](https://pulitoken.net/) + +Blockchain Browser: [https://bscscan.com/token/0xaef0a177c8c329cbc8508292bb7e06c00786bbfc](https://bscscan.com/token/0xaef0a177c8c329cbc8508292bb7e06c00786bbfc) + +Whitepaper Link: [https://docs.whitepaper.pulitoken.net/](https://docs.whitepaper.pulitoken.net/) + +LinkTree: [https://linktr.ee/Puli\_Token](https://linktr.ee/Puli_Token) +I used part of my rent money (have to pay late now) to go to the doctor, because I thought I really needed to and that getting out of pain would be worth the sacrifice. I have had 8-10 canker sores in my throat and all over my mouth nonstop for the past few months. I don't ever have normal, non-painful days anymore. + +Well, I finally gave in and went to the doctor. Even the low income clinic here is a $60 visit. She gave me no answers. She told me it's stress related. Well, yes, I'm poor and stressed and that isn't something I can control or fix right now. No solutions, but I still have to pay 60. + +This isn't the first time I felt like going to the doctor was fruitless. I'm to the point where I don't think I will ever go back to the doctor unless I am throwing up blood. It's all so useless. + +So, my fellow poor friends, what's your red line? When do you decide it's time to see a doctor? I'm feeling like a fool right now for going. +No forewarning. I just went into a reoccurring meeting the same as every other Friday and was told I was being let go immediately. This job paid well, and even then my wife and I live paycheck to paycheck with all of our bills and trying to pay off an A/C unit. We have virtually no savings. I know I need to apply as much as possible. I don't know why I'm even really posting, I'm honestly just feeling pretty scared right now for my family. + +Edit: Thank you to everyone who's providing laid out plans, and helping me keep my head on straight as well as my sanity. I'm actively applying and trying my best to keep calm. To those that seem frustrated why I don't have savings prepared...I really don't know what to tell you. One day you've got 15k in the bank and you feel safe, the next year you get hit by a hurricane and your roof is wrecked, and your ac unit dies in FL. On top of that, we've been paying car payments since our last car died two years ago. Believe you, me - Drove my 2003 Hyduani until the wheels fell off. Shit kinda just came at us all at once, and we never really recovered. The plan always was to get rid of these ever-looming debts hanging over our head so we can get back to saving. The goal was to throw large payments at the things so we could get rid of them quickly without accruing interest. The wrench in that plan was I just wasn't expecting to be fired. + +Edit #2: For those messaging asking what I did. I worked remotely as an onboarding manager for a digital marketing agency. 40 hours a week, salary. I wasn't given a reason why I was being fired, but I suspect it was due to a client complaint that happened a few weeks prior. The onboarding client at the time kept sending me the wrong thing and got extremely worked up after I sent him an email with the words "I'm sorry, but this is not what we need". Kept sending WordPress backend access to his website when I was simply asking for domain hosting information from GoDaddy. He got mad at me and complained directly to the CEO threatening to quit. CEO flipped out and was ready to fire me on the spot, but was convinced not to by my manager. From then on, I felt weird vibes from my manager almost every day. Things started to clear up on onboarding in terms of workload, and they were having me offboard the remainder of my clients to their assigned CSM. It's clear to me now that they were waiting for things to die down before pulling the plug. I was definitely in shock while I was being fired because I didn't even ask why. They told me they're not going to be paying me for November, but prorating me for the days worked this month thus far. Doesn't feel right at all, but then again this company has a history of shitting on their employees. + +Edit #3: To those offering to help edit my resume/cover letter, and assist in teaching how to interview. You are truly amazing human beings. I don't really have the words. Thank you so much for taking the time out of your day to offer help to a complete stranger. Thank you. To those who have been through what I'm going through right now, thank you for helping me feel understood. I truly am sorry. No one should ever have to go through this... On the bright side, this thread has 100% helped my mindset, and I don't feel as mentally dazed anymore. I've taken many of your advice to heart and I intend on acting upon them. I'm glad I posted this. +Mom is 63.  She has worked at a large Fortune 500 company for 30+ years.  Plans to retire and start taking Social Security at age 65.  Her defined benefit pension will be approx $60k per year.  She has approx $400,000 in her 401k, ***but it's all invested in one stock (the company she works for).***  + +Dad is almost 67 and doesn't work anymore.  He worked a lot of odd jobs, ***never contributed to an IRA, has no 401k,*** and got laid off from his last job at age 62, so he started taking Social Security as early as possible (about $1,500 per month). No other source of income besides SS. He will get some money when my grandma passes away and her house is sold (but probably not even enough to pay off the current mortgage - see below.) + +Neither has any significant health problems, thankfully.  Unfortunately, they still owe about $250k on their mortgage with a ***maturity date of 2041***.  (My dad refinanced late in life to get rid of credit card debt. He's always been terrible with money.)  It is their only debt.  The mortgage is approx $2k per month, and their property taxes are relatively low. + +***I'm 35 with a stable job and good income & benefits.***  My only sibling is 38 but has a terrible employment history and no savings, definitely in no position to help me support my parents financially if that becomes necessary. + +# What steps, if any, should I take to plan for the next 15-25 years of my parents' lives, assuming they live that long? +Hi all, wanted to pick some brains here on a deal. + +~2,000 sqft 3/2 in a nicer neighborhood in my town (Houston, TX). Went to see the house today and it was DISGUSTING, one of the worst I've seen, dog urine throughout, carpet with God knows what on it, horders, etc. needs new practically everything (roof, maybe foundation, windows, plumbing, electrical, let's just say everything). + + I'm estimating all told with contingency 90k. +Purchase price 100k (they are asking 160k but if someone buys it for that they are crazy). + +Arv ~215k +Rent comps ~1,950 / month 10 Dom. +With a 150k loan I'd have ~45k in the deal and $300 cash flow / month all told. +That's 8% / year CoC but seems like a lot of work... + +This something y'all would avoid or go for? +I don't see Ukraine exporting much anytime soon and it would take a long time to add new production. So what should we avoid? Chipmakers, auto makers, electronics manufacturers.... + +AMC might do alright. People will be bored without electronics. + +[CNBC Article](https://www.cnbc.com/2022/02/24/russian-invasion-of-ukraine-to-further-strain-us-chip-supply.html) +**Only adult NFT marketplace that accepts the native token as a form of payment.** + +As many of you know, a lot of projects on BSC space these days have a very basic mindset. Release a token, hype it up. If it takes off, start putting together a team and thinking of a use case. This has happened with the biggest names in the BSC space and keeps happening. This generally leads to pumps and dumps and most people leave at a loss. We don’t want any of that at xxxNifty. + +With OnlyFans moving away from adult content and Visa and MasterCard cracking down on adult site payments portals, now is the perfect time to get on board. + +xxxNifty has a different mindset. NFT marketplace was ready and functioning for nearly a month before the release of the token. The marketing budget hasn’t been blown on billboards in Vegas and TikTokers, but rather on porn conventions to get adult content creators on board and to get xxxNifty name out there. Whilst other similar projects release promises of a marketplace, we already sell NFT's. + +With Brand ambassadors in numbers: + +* Cali Carter (297K+ Twitter followers/192K+ OnlyFans likes/76M+ Pornhub Views) +* Adreena Winters (174K+ Twitter followers/30k+ Instagram followers/20M+ Pornhub views) +* Sabrina Night (49K+ Twitter followers/84k+ Instagram followers/8M+ Pornhub views) +* Ginger Lei (5.8K+ Twitter followers/110K+ Chaturbate followers/1.1K+ OnlyFans likes) +* QueenSkydive (800+ Facebook followers/1.9K+ Instagram followers/11.5K+ OnlyFans likes) +* Dee Siren (122K+ Twitter followers/10.5K+ Instagram followers/56M+ Pornhub views) +* Poly Annie (5.2K Chaturbate followers/1.6K Instagram followers/9.3K+ OnlyFans likes) + +Upcoming events and marketing: + +* Jessa Rhodes & Cali Carter’s Podcast to be released on June 25th. They have a combined social media following of over 2M. Our lead dev Alex will be present on the podcast and they will be talking about Cali Carters NFT drop, xxxNifty, NFTs, and crypto in general. +* eXXXotica EXPO 2021, in-person convention. Brought to you by CHATURBATE, MYFREECAM and CAM4. The team will be attending Exxxotica Chicago, Miami, and New Jersey. +* PR manager signed - BSG PR their current and previous clients include Gene Simmons, Sasha Grey, Adam & Eve, Penthouse, Phoenix Books, The AVN Adult Entertainment Expo, Joanna Angel, BurningAngel, and the list really goes on and on… +* Finalizing a contract with a highly reputable crypto PR and Marketing agency to help boost token visibility. +* Applications submitted for listing on HOTBIT and GATE.IO, discussions with KuCoin and other exchanges in progress. +* Our Brand Ambassadors have started marketing on their social media platforms. +* Ads on 4chan are live. Ads for adult sites currently in progress. + +&#x200B; + +🧑‍🤝‍🧑 Holders: 16,393 + +💴 Market Cap: 2,798,398 $ + +💧 Liquidity Pool: 380,195.32 $ (13.59%) + +💰 Circulating Supply: 39,970,908,725 (58.00%) + +🔥 Total Burn: 28,944,531,064 (42.00%) + +🔥 Manual Burn: 28,163,001,433 (40.87%) + +🔥 Reflection Burn: 781,529,631 (1.13%) + +🚀If you want to know more about the Website and Contract you will find the information here: + +https://www.xxxnifty.com/ + +📈0x9DAAa05946e486ADd2c81e0d32D936866B8449D9 + +📱Telegram Official Channel: https://t.me/xxxnifty +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! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +[https://www.wsj.com/articles/biden-budget-said-to-assume-capital-gains-tax-rate-increase-started-in-late-april-11622127432](https://www.wsj.com/articles/biden-budget-said-to-assume-capital-gains-tax-rate-increase-started-in-late-april-11622127432) + +President Biden’s budget assumes that his proposed capital-gains tax rate increase took effect in late April, meaning it would be too late for high-income investors to realize gains at the lower tax rates if Congress agrees. + +\---- + +WASHINGTON—President Biden’s expected $6 trillion budget assumes that his proposed capital-gains tax rate increase took effect in late April, meaning that it would already be too late for high-income investors to realize gains at the lower tax rates if Congress agrees, according to two people familiar with the proposal. + +Mr. Biden’s plan would raise the top tax rate on capital gains to 43.4% from 23.8% for households with income over $1 million. He would also change the tax rules for unrealized capital gains held until death. + +The effective date for the capital-gains tax rate increase would be tied to Mr. Biden’s announcement of the tax increase as part of [his American Families Plan](https://www.wsj.com/articles/biden-to-propose-1-8-trillion-plan-aimed-at-families-tax-hikes-for-wealthiest-americans-11619600400?mod=article_inline), which includes an expanded child tax credit and funding for preschool and community college. He detailed the plan April 28, and the budget will be released Friday. White House spokespeople didn’t immediately comment. + +Congress must still approve any rate changes and retroactive effective dates, and there is already wariness about the full capital-gains tax plan building among some congressional Democrats. + +Some, such as Sen. Mark Warner (D., Va.), have said they want to maintain a lower tax rate for capital gains than for ordinary income. And lawmakers from farm states, including Sen. Jon Tester (D., Mont.) and Rep. Cindy Axne (D., Iowa) have objected to the changes on capital gains at death. + +[The administration’s budget](https://www.wsj.com/articles/bidens-budget-what-to-expect-and-what-it-means-11622115982?mod=article_inline) will call for about $6 trillion in spending in fiscal 2022, people familiar with the plan said. It will detail the proposals Mr. Biden has already laid out in his infrastructure and family-aid plans over the past few months. The budget is unlikely to include other major policies beyond what has been included in plans so far this year. + +The administration has generally been trying to avoid imposing retroactive tax increases, and many of its proposals would take effect in 2022. But capital gains are different, because the rate increase is so significant, and because taxpayers have so much control over when they report income. A White House official had previously said that the effective date would be designed with Congress to prevent taxpayers from taking advantage of any gap before the tax increase started. + +There is a long history of taxpayers accelerating capital gains before tax increases take effect. [Capital-gains realizations jumped](https://www.taxpolicycenter.org/sites/default/files/publication/138266/2001148-the-bunching-of-capital-gains-realizations.pdf) 60% in 1986 and 40% in 2012 before tax increases took effect, according to the Tax Policy Center, a project of the Urban Institute and Brookings Institution. + +Capital gains are concentrated among very-high-income households, and Mr. Biden has focused on them as a way to raise money for his plans and to combat income inequality. + +The rate increase and the changes to the treatment of gains at death are tied together. + +Currently, people who die with unrealized gains don’t pay any income taxes. Their heirs pay only when they sell and only on any gains since the prior owner’s death. That gives people an incentive to hold on to appreciated assets. + +The Biden proposal would apply income taxes to those unrealized gains at death. It would have a $1 million per-person exemption, plus existing exclusions for gains on principal residences. Family-owned farms and businesses would get special rules that would defer their taxes as long as they own and operate the businesses. + +Taxing capital gains at death is different from the estate tax, which is based on net worth and currently has an exemption of $11.7 million per person. The administration hasn’t proposed any changes to that tax. + +*—Alex Leary contributed to this article.* +So let me get this straight. Netflix hired 1 person from FB who ran Oculus which sucks and it's enough to not only boost Netflix share price but also lower gme and fb. Yet when gamestop hires former CEO's and Execs with real talent gme still goes down? + +AhahahagagGHagagahahahavavaahahahaga oh Kenny, you suck but we're not going anywhere. Thanks for the dip LMAYO. + +Edit: typo. Also got my 1st meltdown message from this dumb post. Nice! + +Edit 2: okay apes. I may have overstated the suckiness of oculus. The quest is a wireless vr device which is actually pretty cool. However, I don't think anyone is chomping at the bit for the next new Oculus device. And although good games do exist, I have played and enjoy beat Saber and space pirate trainer, there is no must have must play game yet in the VR space. This last part is just one apes opinion. +https://www.reddit.com/r/investing/comments/1bbbgh/if_you_were_to_buy_a_stock_today_to_hold_for_20/ + +I saved this thread and looked back to see winners and losers. Some interesting picks here, GOOG, AAPL, along with some "safer" picks. Towards the bottom a few folks suggest TSLA, and at the very bottom, back in 2013, with -3 votes, someone suggests buying Bitcoin! + +So... which stocks are you holding for 9, 10 years? +Morning, + +So I have about $1k to put down - I'm looking at HPQ as from DD they seem to be legit. I know pyrogenesis have a stake so I'm thinking whether to buy both? + +Any info would be great. + +Thanks +I've been working on some algos I would eventually like to deploy and test for paper trading before going live. This led me to come up with some questions: + +Q. How did you decide which algos you would study and implement for trading? For example, I'm looking at some mean reversion strategies as well as studying VWAP and TWAP as well, also studying some moving average models as well. Might want to test some basic ML models too. + +Q. Is it normal for someone to deploy run multiple algos in a trading session? Is it typical to change trading parameters intraday? Or do some of you even algos off multiple accounts or trading instances. + +Q. If you check your PnL for let's say 2 days or 2 weeks, and your system isn't performing as well, do you change? Otherwise how often do you guys change which algo you run, is it based off of time or volatility or pnl? + +Q. And finally, when you were backtesting, how did you all determine what time frame of historical data to test on? Also, how did you know you were ready to deploy your trading system live? Was it when you achieved a desired rate of return? +I keep digging and I keep finding crazier shit that just seems to be so obvious when you put it under a microscope. + +&#x200B; + +TLDR: Cohen hinted at us about a future acquisition involving Loopring. See post for tweet explanations. Daniel Wang stepping down, their NDA being mute, and Byron also dropping breadcrumbs again as well. + +First tweet we got right fuckin here baby: + +&#x200B; + +https://preview.redd.it/fe9gk4od4sr81.jpg?width=828&format=pjpg&auto=webp&s=310507bca9cedabf632bf7bdd85bc148f133c21a + +The pregnancy has always been linked to them delivering their web3/meta/marketplace products. I reverse image searched this on google and the overwhelming response was.. + +&#x200B; + +https://preview.redd.it/thr2dwpl4sr81.jpg?width=828&format=pjpg&auto=webp&s=d130669a00f5047e04944db71005045b62e31cde + +A 20 week fetus. Interesting. Lets trace back 20 weeks from the time of this tweet and see if we can find anything related to their web3 products. + +&#x200B; + +https://preview.redd.it/1xcef65v4sr81.jpg?width=817&format=pjpg&auto=webp&s=c6f1d9b2306160c65e4cb1d6853d6b18eb38da1f + +Well fuck me. In **reverse** it says "I have a small wee wee." + +I remember people on reddit saying reverse sentences mean opposites or some shit like that so hear me out. + +Whats the opposite of a small wee wee? + +**A BIG WANG** + +Funny enough around this time is when Daniel Wang, at time CEO/founder, was going ballistic on discord and also ended up stepping down from Loopring. + +&#x200B; + +https://preview.redd.it/pi1p69o56sr81.png?width=289&format=png&auto=webp&s=bb1b9434c37c0348aef45fe885beffb99e015b18 + +Shit man if he stayed maybe there'd be a connection there.... + +Or........... + +Maybe he stepped down because he had to to fulfill a GME acquisition. + +&#x200B; + +Heres some examples if you don't believe me. + +&#x200B; + +https://preview.redd.it/pfh4291j6sr81.png?width=286&format=png&auto=webp&s=fe176b756928a89c7a7e4386a7c853d871d6e7a7 + +&#x200B; + +https://preview.redd.it/i4h0mc0k6sr81.png?width=289&format=png&auto=webp&s=b516bf5295e2808111062792637046b37a4c3376 + +&#x200B; + +https://preview.redd.it/a3vqwc2l6sr81.png?width=282&format=png&auto=webp&s=48ce307736e3b8fbc744813aa49a6cf4ae902f32 + +&#x200B; + +https://preview.redd.it/shsipbpm6sr81.png?width=287&format=png&auto=webp&s=e3fa29f22c4e0b38cb955f59fb44a1bea699ab94 + +Normally during acquisitions/mergers/reverse mergers CEOs tend to step down. Whether it be because the don't want someone directing their role, they have finished a project and are onto the next big thing and the acquisition is a finish line, or to serve as an advisor from the acquired company. + +&#x200B; + +Also a merger/reverse merger would have a tombstone and we all know Cohen has that Tombstone tweet, even from the website called tombstone builder with his fucking name as the death date lmao. + +&#x200B; + +https://preview.redd.it/ua291e319sr81.jpg?width=822&format=pjpg&auto=webp&s=689a58329a61ae6137c9a142b0705a809d99fcfd + +&#x200B; + +During this time Wang also had to sell a SHITLOAD of his LRC and people assumed he was bagging his profits and running. People were also pissed as fuck about their NDA and leaving their investors in the dark, discord turned into a fucking war zone. But my guess is that they've been told to keep quiet until the acquisition is complete, along with Wang being forced to liquidate his holdings for the merger to go through so that he didn't have a majority stake over Cohen, also points to an acquisition, NDA being ironclad also points to an acquisition. Everybody was dogging LRC for not negotiating their NDA as good as immutable but I'd assume Loop is the big boss here and Immutable isn't being acquired whatsoever so they don't care about hype posts for them. + +&#x200B; + +Common sense time. **WHY THE FUCK WOULD YOU BUILD A COMPANY FROM NOTHING AND BEFORE THE BIGGEST NEWS DROP OF HIS LIFE FOR ALL OF HIS HARD WORK, LIQUIDATE HIS ENTIRE HOLDINGS OF LRC.** + +No one does that, in the meantime he was telling people "The quarterly report will be worth more than 10 quarterly reports combined." And other cryptic shit about feeling sorry for the people who sold etc. + +My guess? Simply because he had to for the acquisition, period. + +Also Byron after Wang stepped down: + +&#x200B; + +https://preview.redd.it/y1uab54c8sr81.jpg?width=828&format=pjpg&auto=webp&s=c42074ef245d6fe4304a0061e35663f3053bbebc + +(ignore the numerous apple references thats for another post) + +Looking at the sonogram inception date in reverse, it takes us to wang stepping down so that the company can be acquired, their delivery date could very well be the same date as they plan their acquisition. + +Also it makes sense \[and cents ;) \]for both parties mainly. + +Loopring has the sword but with no adoptiveness the sword is useless. + +GameStop can bring millions of people onto layer 2 overnight. + +&#x200B; + +&#x200B; + +https://preview.redd.it/btl0baz7bur81.png?width=296&format=png&auto=webp&s=b3822ddc49fa03b0c6777ff9666af338e8e73fe6 + +Also looks like their beta NFT marketplace shows they'll become a crypto exchange, likely a DEX. + +Looprings open source had "ticker high, ticker low, open price, close price," etc. + +Tell me why a crypto exchange would need an open price? Its 24/7 there is no open. + +Erc741bois incoming, stock dividend green lighted, we are close. + +Also GameStop open source shows "Astronaut Day" in it which is May 5th. + +Read my previous posts for why thats fucking sick as fuck. + +&#x200B; + +This is in both of their best interests, and Wang stepping down and unloading his bags was probably hard for him to do but he did it for the long term growth and health of his company he created. Kudos Mr Wang you're a stronger man than most people here dealing with all of the hate during that transition while also being mute from your NDA. + +&#x200B; + +https://preview.redd.it/wwr05f8xpsr81.png?width=682&format=png&auto=webp&s=dc05c74566df58e2a8c004b7cb6b0d86785d0e2d + +Cheers! + +&#x200B; + +Mini Edit End: Everybody who has free time right now and scrolling endlessly please try to dig up shit on Susquehanna and Jeff Yass. Those slimy fucks are up to something and have flown under the radar for far too long. Maybe a little firm to firm circle jerk? 75% of their AUM being SPY calls? plz help +Article: https://www.cnbc.com/2018/12/14/giving-up-starbucks-for-a-year-could-make-me-17000-dollars-heres-why-i-refuse.html + +He makes some good points (along the lines of planning for the life you want), but some major magical thinking as well. And the quotes from other financial "thinkers" that it's entirely useless to cut expenses. I agree that you can only go so lean, but that's not an excuse to spend all your money and just shrug (the author says he budgets for his coffee habit but also admits to carrying credit card debt). + + +Also, I love Starbucks and I understand it's not the same as making coffee at home, but *every single day* is just insane to me! +Hello Apes I've posted this before, and I am posting it again and again. + +This 3 min video explains what the MOASS will look like and we must never ever assume that as soon as the price stops going up it is over and start selling. + +[https://www.youtube.com/watch?v=mVDGU-iFLIU&list=WL&index=86&t=97s&ab\_channel=AndyLee](https://www.youtube.com/watch?v=mVDGU-iFLIU&list=WL&index=86&t=97s&ab_channel=AndyLee) + +Remember WE CONTROL THE PRICE, WE LET IT RISE UP TO THE HUNDREDS OF THOUSANDS OR MILLIONS. AMC and GME to the Moon!!! + +I am posting this on AMC and GME and Superstonk + +&#x200B; + +THIS IS NOT, I repeat NOT a suggestion to Day Trade! I'm guessing everyone here has been holding not some random day trader passing around and picking info from groups. + +I also would not risk day trading and buying a shares that cost 1000 then 10K or 100K each. Dumb risk and too much + +&#x200B; + +&#x200B; + +Edit: Thank you to everyone who generously gave me an award. It is kind very kind of you. + +Give and you shall receive! +This is my first DD so if there's room for improvement, I do not mind constructive criticism, but I felt compelled to write this DD due to some confusion on the company and its timelines as well as having the perspective of working in the medical field in order to interpret all the data. + +Obligatory: I am not a financial advisor, these are my thoughts and opinions on the company. + +All this information is freely available online. This is going to get a little bit sciencey, so I will try and include a simpler TLDR at the bottom, and I apologize for the wall of text incoming and any typos. + +Company: Citius Pharmaceuticals ($CTXR) + +Company Vision: + +Citius Pharmaceuticals ($CTXR) is a tiny company ($255 Million Market Cap/ $2.07) designed with a very interesting and potentially lucrative business model. They are focusing on portions of the pharmaceutical industry that have unmet needs, this is potentially lucrative for a few reasons: + +1. Focusing on unmet needs will allow for faster review process/time to market +2. Will create products with no alternatives once products are FDA approved +3. Product effectiveness does not need to be significantly better, only needs to show a statistical difference and be just as safe as current alternatives in order to be brought to market + +This all means that their products will be relatively easy to get through FDA clearance so long as they are safe. I need to add here that their goal is not to make products that will barely be effective, as you will see by how their current product is shaping up. + +So long as some of the products pan out, the company is set to grow in size in the coming years, especially with great leadership. Current CEO and President is Myron Holubiak, who was the former president of Roche Laboratories (current market cap is $282 Billion). The rest of the leadership team is Leonard Mazar, Jaime Bartushak, Myron Czuczman, Gary Talarico, Alan Lader, and Andrew Scott. Between the entire leadership team, they have put $26.5 million of their own money into the company, and insiders hold 22.15% of all available shares. The company/leadership is obviously very optimistic of their future growth, Vanguard has even bought 4% of available shares as of December 30, 2020. + +Products: + +$CTXR has 4 products in the pipeline, they are most commonly known for Mino-Lok, but they are also working on Halo-Lido (CITI-002), Mino-Wrap (CITI-101), and iMSC (CITI-401). The market for Mino-Lok is estimated to be >$1.5 Billion, the market for Halo-Lido is estimated to be >$2 Billion, the market for Mino-Wrap is estimated to be >$400 Million, and the market for iMSC is estimated to be in the multiple billions (their data is unable to give a more specific estimate on this one). Given that everyone reading this is likely here for Mino-Lok, as it’s the furthest in development, and is the medicine likely to propel $CTXR to a billion dollar company, this will be about Mino-Lok. + +Mino-Lok is a unique formulation designed with the intent of treating Central Line Associated Blood Stream Infections (CLABSI). Central Lines/Central Venous Catheters (CVC) are essentially long IV’s that end near the heart in order to ensure critical and hazardous medications are administered properly into the patient's blood stream. CLABSI’s are a staggering issue in the healthcare industry, as there are over 7,000,000 CVC’s used in the US annually and up to 472,000 become infected. The issue with infection is that the standard of care currently is to remove the line and replace it, because there is no way currently to remove the bacteria from the catheter reliably. This is very expensive for the hospital and can cost anywhere from $46,000-$65,000 each time it occurs, the cost comes from the cost of removing and replacing the CVC as well as the cost associated with treating the bloodstream infection caused by the line. Mino-Lok’s unique formulation is made up of three ingredients: Minocycline, EDTA, and 25% ethanol. These three ingredients create a synergistic effect in order to clean/clear a CVC. Bacteria in a CVC cannot be cleaned with antibiotics on their own because bacteria create a biofilm, essentially a protective layer, in order to separate themselves from coming into contact with antibiotics. This is where Mino-Lok comes in; the EDTA and 25% ethanol are able to eradicate the biofilm, allowing the minocycline (a broad spectrum antibiotic) to destroy the bacteria infecting the CVC. + +These CLABSI’s are a significant factor in patient care as getting a CLABSI can increase mortality by 12-25% because CVC’s are most often used in compromised patients. Currently in order to treat the CLABSI the CVC will be removed and replaced and antibiotics will be started on the patient, however CVC’s can often be difficult to get into patients and removing and replacing them has a complication rate of 5-25%. + +Essentially, before Mino-Lok the CVC was a lost cause, the quality of patient care took a significant hit, and the risk to the patient took a significant increase. I am excited about Mino-Lok because it is the first medication that has shown to reliably salvage CVC’s. Mino-Lok is also given for only 2 hours per day over the course of 7 days, is estimated to cost about $1,400 (compared to the $46,000-$65,000 so adoption will be swift), and the results of the phase 2b trial were astounding. Phase 2 trial was designed to compare the safety of Mino-Lok versus the standard of care of removing and replacing. During the trail Mino-Lok significantly outperformed the standard of care; Mino-Lok had a 0% rate of complication vs the 18% rate of remove and replace, 0% rate of relapse for CLABSI vs the 5% rate of remove and replace, and most amazing to me was that Mino-Lok was able to clear 100% of CVC form their infections (this will become more amazing when I dive into the numbers from another studie) And it performed like this with no discernable risk to the patient. + +Phase 3 of Mino-Lok is putting Mino-Lok up against any other antibiotic locking solution that hospitals wish to use. This is the phase that everyone is currently excited about, and caused $CTXR stock price to increase over February to almost $3. The original date for trial completion was February 2021, but due to COVID the trial had a huge slowdown. However people were optimistic that it would be ended early due to positive results so the stock slowly fell back towards $2 when it wasn't ended early in February. $CTXR has had 2 meetings so far from the Dug Management Committee and during both the trial was found to be safe and the company was found to be hitting its milestones. The February meeting was actually done earlier than anticipated, the trial was estimated to be at 75% completion and it seems that was only at about 60-70% completion. I strongly believe this is the only reason the trial was not concluded early. The next committee meeting is scheduled for early April and I feel this one is going to be the one that causes the trial to end early due to positive results. + +Why am I so confident in this? Because I looked at comparable studies and products to determine if Mino-Lok would be able to have overwhelmingly positive results. Firstly, studies have been conducted on antibiotic locking solution alone, and antibiotic plus EDTA formulation. In the study of antibiotic locking solution alone only 41% of patients were able to have their CVC’s cleared, with \~10% suffering severe complications from the bloodstream infection that developed. In the study with antibiotic plus EDTA, it was found again to eradicate biofilms and destroy bacteria but would require 8-12 hours in the CVC instead of the 2 hours required by Mino-Lok. The second reason I’m confident is because the closest thing to a “comparable” medication is Defencath made by CorMedix, so I took a look at their study. The reason I use comparable in quotation is because researching Defencath I learned that this medication is only for use in Hemodialysis catheters (HD catheters), only aimed at prevention not salvaging an infected catheter, and found to be 71% effective. And the most significant factor here is that with these results, their trial was concluded early due to positive results. So let's take a look back at Mino-Lok: this is a medication with no actual competition, is \~100% effective, requires only 2 hours a day for 7 days, actually reduces risk to the patient compared to the standard of care, and the closes “comparable” medication had its trial ended early with positive results at 71% effectiveness. + +Competition: + +$CTXR stands to have no competition with any of its products due to their company’s strategy of filling unmet needs in the pharmaceutical industry. The closest competitor is Defencath by CorMedix, but as I stated it is 71% has only been tested in HD catheters, and its intended use is prevention, not treatment/salvaging catheters. Mino-Lok can be used on HD catheters when Defencath fails, as well as CVC’s when a CLABSI occurs. Per CorMedix’s own data CVC’s are about 3 times more common than HD catheters, and from my anecdotal experience in the medical field this seems about right to me. CorMedix is currently trying to expand Defencath for use in CVC’s as well, but from what I can find they still have yet to even begin a trial so at earliest the competition will be late to market by at least 3 years, and even then the products are intended for different uses. + +Financials: + +Currently $CTXR is operating at a loss because they have no product in the market. And there was some concern that they would run out of cash. However their first product will likely be approved for the market THIS year, and due to $CTXR recent offering in February they now have sufficient cash on hand to last through the rollout of Mino-Lok. + +Price Targets: + +Currently the $CTXR only has two analyst ratings, however they are both a buy, and price targets currently are $4 and $6. I expect these to change drastically once their results are out. I can only speculate what their price will be but looking at market cap between CorMedix (490 Million) and $CTXR (255 Million) the obvious lowball price target is $4, however given that this medication is going to be entering into a >$1.5 Billion market with no competition, 3 other products in the pipeline going into markets with unmet need, and that CVC’s are three times more common than HD catheters, I believe the bare minimum price target for this should be triple Cormedix’s Market Cap or $11.50/share. Once the phase 3 trials are out we are likely going to hit the current analysts price targets, since $CTXR got to 3 dollars on no news at all, which may prompt an update to analysts price targets when the market starts to realize the potential of $CTXR. + +TLDR: + +Citius Pharmaceuticals ($CTXR) small cap company ($255M market cap/$2.07 ). CEO was former president of Roche Labs. Company targeting unmet pharmaceutical needs. 4 products in the pipeline with Mino-Lok likely to come this year, will likely make them a billion dollar company. Product will treat Central line infections without removing central catheter. $>1.5 Billion market, with no competitors. Phase 2b trials had 100% effectiveness and was found to be safer than standard care of removing and replacing central catheter. Phase 3 trials ongoing, early April will be their next review and I believe they will have the trial ended early due to positive results, because the next comparable medication was ended early with 71% effectiveness. Mino-Lok stands to save hospitals about $50,000 per central catheter infection so adoption will be swift. Has no income currently but has enough cash on hand to last until Mino-Lok is on the market. Only two analysts price targets, $4 and $6; will likely get a huge upgrade once phase 3 results are announced. I see this getting to $11.50 this year. + +If you just want to watch a video, I recommend just watching theWalrus Street video, will cover most of what I have here. If anyone wants info on $CTXR’s other products I can add them, that info will be way shorter. Sorry for any typos. + +Sources: + +(theWalrus video below) + +[https://www.youtube.com/watch?v=0QLnBu3a9mc](https://www.youtube.com/watch?v=0QLnBu3a9mc) + +[https://www.citiuspharma.com/wp-content/uploads/2019/05/Salvage-of-catheters-with-MLT-results-of-phase-2-study.pdf?source=content\_type%3Areact%7Cfirst\_level\_url%3Aarticle%7Csection%3Amain\_content%7Cbutton%3Abody\_link](https://www.citiuspharma.com/wp-content/uploads/2019/05/Salvage-of-catheters-with-MLT-results-of-phase-2-study.pdf?source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link) + +[https://www.ajkd.org/article/S0272-6386(07)00737-8/fulltext](https://www.ajkd.org/article/S0272-6386(07)00737-8/fulltext) + +(virtual conference below, needs login) + +[https://onlinexperiences.com/Server.nxp](https://onlinexperiences.com/Server.nxp) + +[https://finance.yahoo.com/quote/CTXR/holders?p=CTXR&source=content\_type%3Areact%7Cfirst\_level\_url%3Aarticle%7Csection%3Amain\_content%7Cbutton%3Abody\_link](https://finance.yahoo.com/quote/CTXR/holders?p=CTXR&source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link) + +[https://seekingalpha.com/instablog/50299941-north-shore-research/5557969-ctxr-blockbuster-pharma-still-under-radar](https://seekingalpha.com/instablog/50299941-north-shore-research/5557969-ctxr-blockbuster-pharma-still-under-radar) + +[https://www.cormedix.com/defencath/clinical-trials/](https://www.cormedix.com/defencath/clinical-trials/) + +[http://www.cormedix.com/wp-content/uploads/2020/09/CorMedix-Corporate-Presentation\_9-1-20-vF.pdf](http://www.cormedix.com/wp-content/uploads/2020/09/CorMedix-Corporate-Presentation_9-1-20-vF.pdf) +Anyone read this? + +https://www.google.com/amp/s/www.forbes.com/sites/zackfriedman/2020/04/17/cancel-rent-mortgage-payments-coronavirus/amp/ + +I find the proposal a bit disturbing. Complete stop on rent payments and mortgages for primary residence for up to 1 year. Looks like landlords would eat the cost, but a fund would be set up where they CAN be reimbursed IF they agree to all sorts of terms. + +As someone who has been through government relief funds in regards to severe hurricane damage, it was a mess. Everyone competes for a limited pot of money, there is lack of oversight on how to fairly disperse funds, there were endless hoops to jump through and each step had to be repeated multiple times because they kept losing documents... etc. In the end, my family did receive some relief, but it was many years after the fact, and certainly didn’t come close to covering the cost of what was lost. In fact the final number they received was about half of what they were originally promised several years earlier. + +Overall, this would be very concerning for the rental industry. I am sure a lot of people couldn’t float the cost of their rental units for 6m-1y while waiting for reimbursement, if it came at all. I am guessing this won’t pass anyway, but definitely something to keep an eye on. +TL/DR: GameStop will be making some big announcements very soon and this announcement was the tip of the iceberg. There will be multiple NFT Marketplaces and Gamestop is not done growing their digital footprint. + +GameStop today announced an agreement with Immutable X, a Layer 2 platform for their NFT Marketplace: "Protocol Services and License Agreement with Immutable X Pty Limited (“Immutable X”) pursuant to which Immutable X will become a technology partner and platform for the Company’s non-fungible token (“NFT”) marketplace." + +I firmly believe that this was executed and announced strategically to align with a plethora of announcements to come. Ryan Cohen told us to judge him by his actions and not his words. He has just opened up the door to what is about to come, including multiple NFT marketplaces and a possible defi exchange. This is what I think the steps will be: + +Step 1: Build NFT Marketplace for creators and artists. This was being built for the last 8/9 months or so with Loopring as the Layer 2 protocol. This Marketplace will be a competitor to OpenSea. In early January, they opened this Marketplace up to "memelords, brands, content creators, and artists". They recently closed submissions last week. This Marketplace is ready to launch and is done. + +Step 2: Announce partnership with Immutable and mention Loopring as primary provider. This is the official announcement for their Gaming NFT Marketplace - a marketplace for game developers and gamers to play Ethereum based games and trade in-game NFT assets. This marketplace will use Loopring as the fiat on-ramp / off-ramp and Immutable as the Layer 2 / NFT minting protocols. This marketplace is in development. And announcement for Game Developers and Gamers was made today to apply for a grant on this marketplace - [https://nft.gamestop.com/](https://nft.gamestop.com/) + +Step 3 (we are here) : Announce the acquirement of Loopring. Daniel Wang, former CEO of Loopring, just stepped down today, the exact day of the GameStop announcement. I believe that Loopring will be getting acquired by GameStop and Loopring will be integrated into the GameStop corporation, with the new CEO, Steve Guo, being named the head of this division. This will allow GameStop to control all future in house Layer 2 developments with their NFT Marketplace and have all creative control for future Layer2 projects. + +Step 4: Announce the build out of a decentralized exchange using Loopring technology. With Loopring acquired, GameStop will utilize these Layer2 technologies to other business areas. This I think will be one of them. + +Step 5: Open up the NFT Marketplace for Creators / Artists. This will be available very shortly and I believe it will be opening in Q1 2022. + +Step 6: Open up the NFT Marketplace for Gamers. This is the Immutable / Loopring / GameStop exchange for gamers and game developers. + +Step 7: Open up the decentralized exchange using Loopring's technology (later in 2022/2023). + +You have to think big and outside of the box. GameStop has hired some big names to handle this new blockchain division and are continuing to hire. They hired a VP of Business Development, Blockchain. They hired a Chief Growth Officer last Spring to spearhead new revenue and growth opportunities for GameStop. GameStop is not a brick and mortar retailer. The market prices it like one. But it's not. + +All of what happened today was intentional guys. This is bigger than just one marketplace. Things are happening behind the scenes and they are ready to show their hands. This is the tip of the ice berg. It takes money to buy whiskey. And GameStop has money. +Im completely devastated. I honestly have no idea how or when my metamask or laptop got compromised. To think i was planning to get a hardware wallet. Not even in the mood to write anything. My life was already going backwards and now this. Any ideas on what i should do. Also If someone can shed some light on the situation.All the transaction on the 12th of July werent mine. + + + +My wallet: + + +https://etherscan.io/address/0x1ae31f08f63df72b1e15e2ecbb937f132776c422 + + +The wallet they were sent to: + + +https://etherscan.io/address/0xb60a8d6a25e50da0ad0213bd2c1302db9dfe508d#tokentxns + +Edit: + + +My metamask of the compromised wallet doesnt show any transaction history related to the transactions on the 12th. Which means someone most likely got my seedphrase and used their own device to drain my wallet. + + +On top of the 88k usd just when coming to terms with the situation + +I didnt notice i had an additional 13k busd stable coins from bsc smartchain=stolen + +Avalanche network on metmask 12.5k usdc.e stable coin=stolen + +So sucked dry of a total of about 113.5Kusd. Saved what i could save. + +Wallet they were sent to +https://bscscan.com/address/0xb60a8d6a25e50da0ad0213bd2c1302db9dfe508d + +https://snowtrace.io/address/0xbac00ff4628f54a35a2ac107bf38060536125dba +1, Economy is in toilet. + +2, Central bank wants higher velocity of money and more spending. + +3, Central bank lowers interest rates taunting people, come get your cheap money people, spend spend spend. + +4, People / Business borrow cheap money and buy shit with it, houses, bonds, stocks, junk bonds, hookers, while also lending out the eye balls. + +5, Economy still in toilet since that money is not driving demand or productivity, but blowing bubbles, stock market goes higher and higher as people put that juicy cheap money to easy work seeking yield. + +6, Central bank lowers rates again and tells you to spend more, but start working on shit you peasants, hurry up and do useful stuff to make more GDP'S with the money you borrow, don't buy any more hookers. + +7, Insert bad economical event, scapegoat, disaster. + +8, Economy further deteriorates. + +9, Central bankers say ok you assholes, we warned you, what do you think this is, who's going to polish my yacht. I can make your money worthless if you don't play ball. + +10, Corporations start crying to government, look, our business is turning to shit, nobody is buying our stuff and these peasant humans are not being good little consumers, fix your citizens so i can pay the people who keep my gravy train running. + +11, Corporations, I'm running out of cash flow to pay my staff, i need to get rid of all the stuff i have to get cash, I'm getting low, i will need lots of cash, winter is coming. + +12, Corporations go into market and sell all the shit they have trying to get their hands on cash, market tanks struggling to find buyers, nobody is interested in buying their bubble shit junk bond they bought in Uber stock, starting to panic. + +13 Government puts on superman cape, don't worry friends i got this. We are a confident and stable government we will install confidence, watch this. + +11, Central bankers tells the government, i hope you're going to teach these humans a lesson. + +12, Government tells Central bankers, shut up and follow my lead. Tell everyone your buying all my bonds, no limits, don't bitch out and don't worry I'll pay you back.............in 250 years. + +13, Central bank announces QE buying up gov bonds of 950 bazzilion. + +14, Government walks over like a boss holding all this new juicy cash, look at us fuckers, look at all this money we have, i know you want it don't you throwing it in the air like a pimp. + +15, Governments says, I'm buying EVERYTHING, i don't care what it is, I'm buying all of it, I'm alpha. Stocks, bonds, junk bonds, failed mortgages, your sister, give it all to me. Here is the cash you need to keep your gravy trains going, NON OF YOU ARE GOING BANKRUPT UNDER MY WATCH, and if you lost your job, DONT WORRY, i will give you money for nothing for the time being till i fix this place, plus i need to keep you working, i also need someone to polish my yacht. Also, I'm giving out cheap ass loans again, like really really cheap. + +16, Central bank looks at government, you're a genius. + +17, Government, i know right. These people think I'm giving them money LOL /risitas face. If they find out the little agreement you and i have, they'll chop our balls off. + +18, Central bank Ok ok, shut up and look serious. You're going to pay all that back right? + +19, Government yeah yeah whatever, you know how long it's going to take me to sell all these rubbish pieces of contracts back to these idiots, give me some time, i need to do it slowly while they are busy digging holes. + +20, Money injected into economy, devaluing purchasing power and increasing inflation, making the cost of a big mac too expensive, everyone goes back to watching netflix, see you in 10 years. +Particularly when in a rideshare late at night, with the interior fully decorated in purple circles, encrusted diamond hands on the floor, live GME ticker on a screen and some dude who is high on DD and i can see it in the white of his eyes 👀😯... + +*inserts synthetic characters to defeat damn auto mod 😑 * +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! + +u/Grendezvous deleted his comment about being branded on the butt, mods, take him away + +READ THIS BEFORE COMMENTING: to be in the list, write your username, what you will do and the price, and talk about yourself in the 3rd person. If you do this, I likely won’t be able to get to your comment. There are thousands of comments here, please help make it a little easier for me. + +Go to r/WallstreetBetsVows to see people who actually do these things post it! + +NO LONGER PUTTING IT IS ASCENDING PRICE ORDER It’s hard enough to keep up as it is. If you are commenting, to make it easier for me put your username with a u/ infront of it and have the description with the price at the end so I don’t have to retype all of the vows + +u/Significant-Ad1386 will let anyone fuck them if it stays above a dollar 💎 + +u/AngelKnives will get a tattoo of the moon if it drops to 10 dollars + +u/mannysteezu will get GME tattooed on their arm at 55 💎 + +u/fit_ad_7227 will take a massive dump on his girlfriend at 56 💎 + +u/coqdorysme will get a tattoo at 100 once England comes out of lockdown 💎 + +u/Recklezzz will join the adult film industry at 100 💎 + +u/bornfromchorme and u/RedditPoopConverter will drink their piss and u/genjiskillerbum will drink u/bornfromchrome’s piss at 100 (time to pay up boys) 💎 + +u/Michixlol will dress as a girl and runs through his city at 200 + +u/DragonflyLegitimate1 will get a tigger with a rifle tattoo on their calf at 100,000 + +u/Philosicalraptor will lick a pole outside in -20 degree C weather at 500 + +u/RiversOfBabylon420 will get a rocket tattoo at 1000 + +u/PayMyTrollTroll will get a diamond WSB tattoo at 3,000 + +u/Mineral-dik will have a kid at 3000 + +u/Poliwirl765 will get a guitar at 1000 + +u/Im_Not_F-ing_14 will make a sex tape with the top commenter of this post at 5000 + +u/ZeToni will tattoo their whole upper leg at 10,000 + +u/Casnir will make a buttplug with I diamond in it at + +u/NotJose_thanksforask will get a permaban at 100 + +u/MudStack will start an onlyfans at 300 + +u/kaptaindunkaroo will let me fuck his wife’s boyfriend at 200 + +u/TommF will piss on his face while clapping cymbals together with his feet whilst doing a handstand at 12,000 + +u/DemonSlyr007 will post a video of the burning cow sacrifice to the spirits and build a GME rocket ship PC at 2500 + +u/Appropriate_Ad_3669 will get a GME rocket tattoo at 10,000 + +u/MikelJCocks will open a pickle business at 400 + +u/Beelzis will get a thigh tat at 10,000 + +u/angry_mr_potato_head will slap his boss at 130,000 + +u/Ransom-I will go to NYC and hang a kitty plush off the Wallstreet bulls horn at 1000 + +u/DoubleFatrdt will tattoo ‘can’t stop, won’t stop’ at 10,000 + +u/HIGHsolated will get a WSB diamond Hand fist bumping an ape tattoo + +u/drawnred will go to work drunk at 200 + +u/bajsranden will get a cat if it hits 400 tomorrow + +u/BonkSouls will get a tattoo at 400 + +u/SoapyLlama will get a rocket tattoo at 420 + +u/Kairlia will get a rocket tattoo at 420 + +u/ggiziwegotthis will get an unspecified tattoo at 500 + +u/VirtualParzival will get a GME ass tattoo at 500 + +u/trexroad will get a diamond on his wrist at 500 + +u/Chesterlampwick1 will get WSB as his first tattoo at 500 + +u/Wallstreet_Alchemist will get a tattoo of diamond hands at 600 + +u/MushMcBigCock will get a GME ass tat at 690 + +u/yurigg94 will get both wrists tattooed at 800 + +u/GME_WELIKETHESTOCK will buy a car at 800 + +u/bitcoinslinga will make a video of themselves dancing to a TikTok song and donate 1000 to charity at 800 + +u/not-the-real-gandhi will buy a house if it hits 800 by Friday + +u/Lartec345 will take his friend for ice cream at 800 + +u/bitcoinslinga will make a video of themselves dancing to a TikTok song and donate 1000 to charity at 800 + +u/gravidadejr will get a tattoo of Melvin’s CEO giving a BJ to u/DFV on his forehead if GME reaches 800 by Friday (especially crossing my fingers for this one) + +u/-einherjer- will get a Valknut tattoo and dedicate his life to Odin at 999 + +u/jpq20 will suck his wife’s boyfriends dick, in the case she doesn’t have a boyfriend or he doesn’t have a wife, he must give u/DeepFuckingValue a bj (they didn’t comment the last bit but u/DeepFuckingValue deserves it) at 1,000 + +u/FAPS_TO_DEAD_BASTION will get a rocket on his taint at 1,000 + +u/Maplestori will get an unspecified tattoo at 1,000 + +u/Iama_russianbear will get a tattoo at 1000 + +u/peppertubesteak will get a rocket tattoo if at 1000 + +u/gonfreeces1993 will get a tattoo at 1000 + +u/marekseky will get an unspecified tattoo at 1000 + +u/b_c_russ will put a DFV cutout at the Wall Street bull with a sign saying ‘I like the stock’ at 1000 + +u/softly0screaming will get a rocket on his inner bicep at 1,000 and a half sleeve at 5,000 + +u/myself_but_high will get a cool astronaut tattoo at 1,000 + +u/imbadatgrammar will get ‘power to the players’ tattooed on his ass at 1,000 + +u/Vindoga will get an unspecified tattoo at 1,000 + +u/b_c_russ will put a DFV cutout at the Wall Street bull with a sign saying ‘I like the stock’ at 1000 + +u/putsandcalls will shove a dildo up their asshole at 800 + +u/Volker_Weissmann will put a GME flag on the moon at 300 + +u/SilentCabose will get a diamond ass tattoo at 3,000 + +u/AlyA0121 will shove a glass up their but at 300 + +u/larrykeras will buy a car at 100,000 + +u/ButchJio will get a GME tattoo at 5000 + +u/StealYourGhost will delete their WoW account at 1000 + +u/StealYourGhost will get a tattoo of the moon at 350 + +u/Arcane_76_Blue will get a diamond tattoo if it hits 200 by noon today + +u/bigdepress will post a cum tribute to AOC at 1000 + +u/aDestony will buy 2 apartments at 1000 + +u/sus_crewmate will get a tattoo at 1800 + +u/linsell will get a diamond emoji tattoo at 1420.69 + +u/kevfit1729 will get ‘game’ tattooed on one buttcheek and ‘stop’ on the other if it hits 2000 + +Elon Musk will get the GME logo on his rocket at 1,000 + +u/AssignmentSorry6939 will tattoo his balls blue at 1,000 to signify diamond balls + +u/x3ShiroX will get an astronaut tattoo at 1,000 + +u/therestruth will get a rocket tat at 420, a cat tattoo on his chest at 500, a diamond handed ape at 710 and will peice their right nipple at 1000 (ooh boy) + +u/Syxtek will get a ‘to the moon’ tattoo at 1000, record a FaceTime video with their ex at 35,000 and at 99,999 will get a GME tattoo on their but and streak at a huge sport even holding a wall street bets flag + +u/FightMilkv2 will get his pecker tattooed as a rocket at 1,000 + +u/FormalWrath will break into top secret russian facility where russian space shuttle copy rots, and he will share the images with us at 1,000 + +u/choccylips will get a Snoo and Reddit moon tattoo at 1000 + +u/massivebandcock will get a huge tattoo at 1000 + +u/b_c_russ will put a DFV cutout at the Wall Street bull with a sign saying ‘I like the stock’ at 1000 + +u/Lovrec98 will get a tattoo on their ass saying ‘CANT STOP, WONT STOP GAMESTOP’ with rocket emojis at 1000 + +u/DiamondHouseFX will get the WSB Mascot tattooed on their arm at 1000 + +u/Jpharmz will get the Wall Street bets Dude with the diamond hands if it hits 1,000+ + +u/herzausgold93 will get a tattoo on the right palm at 1,000 and the left at 10,000 + +u/Nubtrain will get a tattoo of Uranus at 2,000 + +u/IJustWantaQuietLife1 will get a wallstreetbets hoodwrap for their car at 2000 + +u/ItsJustNigel will get an unspecified tattoo at 2000 + +u/keep-it-copacetic will get a tattoo on his buttcheek and buy 2 puppies, one of which we get to name, at 2000 + +u/UndercoverDr will get a diamond and a rocket tattooed somewhere at 2500 + +u/King_Esot3ric will get a tattoo at 2500 + +u/jeepz127 will get a cat tattoo at 3,500 + +u/Good_Ad2273 will get a GME tattoo on his ass at 5,000 + +u/joemxkid08 will get a tattoo of a giant skunking cock on his face if the squeeze happens + +u/snailPlissken will get diamonds tattooed on his hands at 5000 + +u/chefkelly63 will eat u/DramaticEmu ‘s ass if this at 5,000 + +I will get a rescue dog at 5,000 + +u/qtwitaboooty will upload a bj video to pornhub at 5000 + +u/chickenwingwarrior will get a diamond tattoo at 5,000, at 25,000 they will get a diamond on each hand and at 100,000 they will get a diamond tattoo on their neck. + +u/DannyDevitosMagnum will get a diamond hands tattoo on his forearm at 5000 + +u/Big-Kitty-75 will get his whole back tatted at 6,900 + +u/allyoopreme will get their ears pierced at 6,969 + +u/SpecialK64 promised an unspecified tattoo at 6,969.69 + +u/C-SIXTEEN93 will get a "Power to the players" tattoo at $6,969.69 + +u/alwysonthatokiedokie invested 4 shares and will get a tramp stamp if it they make 5 figures + +u/PrettyPotential5987 will get a diamond on his ass at 10,000 + +u/usbillionaire will blow u/Jabarumba at $10,000 + +u/Disjoinedzeus will get his palms tattooed at 10,000 + +u/Bitter-Ad-2150 will get a rocket on his lower back with the flames coming out of their asshole at 10k + +u/hailhansy will give free tattoos for all apes at 10,000 + +u/Suavissimo will get a diamond tattoo on both ankles at 10,000 + +u/Dalucard21 will get a diamond hand tattoo at 10,000 and an upper leg sleeve at 100,000 + +u/jfvlem will get a tattoo on their hand at 10k, and do both at 20,000 + +u/KomitoDnB will volunteer to work at a charity for 3 months at 10,000 + +u/Oakhouse96 will get an unspecified tattoo on their arm/hand at 10,000 + +u/WalknTalknSteveHawkn will shove a carrot up his pooper and upload a video at 10,000 + +u/Terrible_Ad_7575 will get an unspecified tattoo at 15,000 + +u/sveltepants will buy a bicycle at 15,000 and maybe a tattoo at 5,000 + +u/HeftyHog will tattoo his whole back if he makes 50,000 + +u/BigDaddySteven will eat his own shit at 100,000 + +u/andrestg99 will get a diamond tattoo on his wrist at 100,000 + +u/Electrical-Boss-3965 will blow Joe Biden at 100,000 + +u/JohannFaustCrypto will buy a car at 100,000 + +u/Sharty_McQueef_ will get a diamond tattooed on his faces at 100,000 + +u/BloodType_Gamer will get a rocket tattoo with diamonds at 10k + +u/helloryowl will get a rocket tattoo at 6969.69 + +u/WDSamsara will get a diamond tattooed on their hand at 100,000 + +u/memerobber69 will go to a brothel and lose their virginity at 4269 + +u/Low-Classroom7736 will get a tattoo at 800 and address their mental health at 1000 + +u/silverpigeon97 will get a tattoo of GME going to the moon at 1000 + +u/GiulioAizer will chop their dick off on camera at 200,000 + +u/potentialmuscle will get a rocket emoji on their buttcheek at 1200 + +u/ColdFusion94 will get a diamond tattoo at 1000 + +u/VysseEnzo will spray paint WSB on the side of their house at 150,000 + +u/DeuxStep will get a diamond tattoo at 1000 + +u/Katieblahblahbloo will tattoo this post on herself at 69,000 + +u/Appropriate-Teacher4 will get circumcised live at 1000 + +u/GalacticPork will get a tattoo at 420 + +u/AHIGHMONKEY64 will get a gorilla tattoo at 800 + +u/DaddyDing-A-Ling will get a custom sex doll that looks like vlad at 10,000 + +u/bakeandthejets will move to Bulgaria at 1000 + +u/anton25360 will donate 500 to charity if it hits 1,000 and if it hits 500 by Friday they will put a big poster of DFV on their wall + +u/THE_CHAD_XD will get a tattoo of diamond hands once tattoo artists are open again when GME hits $2420 + +u/Slithers_In_Sideways will make snow angels in Alaska naked at 500 today + +u/CaptainPhenom will get a bull tattoo that says ‘bills on parade’ at 600 + +u/nightmareami will suck his own dick at 5,000 + +u/Neshura87 will buy a tesla with Diamond hands on the doors at 100,000 + +u/GravyWagon will get a tattoo if it hits 800 by Friday + +u/Monsieurdeathwish will get a gamestonk tattoo at 800 + +u/TGAtes08 will propose to their girlfriend at 500 + +u/swegatronic will suck u/its_giza 's cock if it goes past 300 again + +u/JudoAd_713 will get a large diamond tattooed on their hand + +u/cjbrigol will buy a Tesla if it hits 300 by Friday + +u/Vaicolgi will make a feature film about GME at 3000 + +u/bad-bones will give their cat 200 pats at 200 + +u/Snowbunny42 will get a WSB logo on there arm if GME hits 690 today + +u/LaughAdventureGame will drop 10,000 into a random stock of our choosing for a week at 500 + +u/poptartgainz will cum on a picture of Cranmer at 1000 + +u/DystopianLoner will get rocket tattooed on arm if GME at 1,000 before market closes today + +u/Magpiebrain will buy a horse at 100,000 + +u/askingforfriendxyz will cash in two shares and elope with their fiance in Thailand on 2.22.22. to get married by monks at 2222 + +u/burger_meanie will buy a house if it hits 50,000 + +u/AutumnShade44 will tattoo the WSB diamond hand logo along with the quote "We can stay retarded longer than you can stay solvent" on his leg when GME hits $1000/share + +u/Xafemode will buy a tesla at 69,420 + +u/Bees_and_Teas will get a rocket and moon tattoo at 1k gme, will add a kitty hanging from the moon at 10k + +u/AreUCooked tattoo @ 10k + +u/Oh_Jay10 will dye his hair blonde, shave off his beard, and dress up and pose like our beloved WSB mascot at $500 + +Zettabytegamer will get a diamond-shaped gemstone tattooed somewhere on their body if it hits $1,800 + +u/stingerkay will get upper arm diamond tattoo at 300 + +u/Vlosh will get a wsb/gme related tattoo if it goes past 2000 + +u/The_Long_Stroke is getting a tattoo at 10k + +u/minemaster11 will buy a brand new top trim sports car at 800 + +u/Zettabytegamer will get a diamond-shaped gemstone tattooed somewhere on their body if it hits $1,800 + +u/bearban123 will propose at 500 + +u/OGSHAGGY will get a diamond hands WSB tattoo at 1500 + +u/DragonflyLegitimate1 will get a tigger with a rifle tattoo on their calf at 100,000 + +u/dolphine_eater will buttchug a water bottle at $1,000 + +u/P00CH00 will send as much gorilla poop as 1 GME share will buy to Vlad Tenev, Gabe Plotkin, and Kenneth Griffin starting at 10k and will send each one their own GME shares worth of poop starting at 500k + +The higher this thing goes, the more poop u/P00CH00 can send. poopsenders.com has gorilla poop for $30 a gallon, lets hope they have enough poop to fill the order + +u/fatdunky will start a hedge fund and short GME at 100,000 + +u/ApopheniaPays will stick his penis in an actual human vagina when it reaches $969. (Video evidence provided strictly contingent on enthusiastic consent of possessor of said vagina.) + +u/terminonoctis if this hits 200, will get the WSB logo on his arm with a diamond hand and gme in the other, along with a gamestop tattoo on his girlfriends ass. + +u/tollfinancial will get a frog named Musk E Diamond Balls and will ‘lick it like an ice cream cone’ if Elon buys in and Tweets about it + +u/StrikeNets in for a diamond tattoo on one hand at $1k. Upon exit, will also make a donation to charity equal to the value of 1 GME share when I sell. Probably gonna be Shriner's Childrens' Hospital + +u/SuprSaiyanTurry will restore his '69 F350 and daily drive it every day there's no snow for a year following it's completion at 130,000. + +u/iPlexer will ask his girlfriend out if it goes to 420 again + +u/Upstairs_Sense2437 will get the fuckboy tattooed on their wrist holding a diamond and a green candle at 10,000 + +u/pokahi will get a tattoo of a diamond on the back of his hand if it reaches $1000, when covid restrictions allow. + +u/DiligentDaughter will get Diamond tats on her titties if it hits $1,000 + +u/LS_swap_the_world will get tatted a 🦍 on one cheek and a 🍌 on the other if it hits $1,000 + +u/robotguy39 will learn to juggle at 1k + +u/Siddny- has a fully planned out wsb's Casino tramp stamp to be done if the price hits $777 even $777.77 is also acceptable + +u/EvidentlyEmpirical promised to buy every cosmetic in Pokemon Go if GME hits $69,420 by the end of the week + +u/mangio-figa will send a video of his wife squirting a minimum of 4 foot distance, along with her orgasm contractions, while screaming "OMG GME Stonk" to everyone that sends him 1 GME stock and confirms they are 18 years or older - if the price stays above $70 at the end of 2/25. + + +Comment or message me if you have any more people or even vows from yourself and I will add to the list. Once each price mark is passed I will put a diamond on the people who promised to do stuff at that mark. Mods and tattoo artists, take note! + +Edit: Wow there is a lot of people being added, which is great but cut me some slack if I am behind by a couple of minutes, as I have work to not do. I’m just scared for the Americans to wake up... + +BE WARNED. EVEN IF YOU ARE JOKING IN THE COMMENTS, I WILL STILL PUT YOU DOWN + +EDIT: I need to take 30 minutes for my mental health. This is incredibly stressful, but don’t worry! If it takes me 10 years I will still add you all. No autist left behind! + +EDIT again: Fuck all of you +Just as the title says. My knowledge of ETF and dividends is very limited, just getting into this. Since I have 150k cash handy, I would appreciate recommendations as to where invest this. Thanks. + +Forgot to add this in but I'm 26 for those who are asking. Goal is to set it up a 2nd income eventually leading the road to an early retirement. Current plan is to add 2k every month into the portfolio but potentially more in the future. +Some of you may have heard of assassination markets. With the debut of Augur, we can now bet on basically anything. This creates a problem, because if you bet on real world events, you have the ability to influence their outcomes. For instance, if someone bets $1000 that /u/etherornot will never tackle a news reporter on air, then I can easily make some money by betting against it and then finding my local news crew. + +This logic reaches an extreme conclusion when you start betting on a person's life. An assassin can start a bet on a person's life, and then claim a reward once the assassination is complete. + +This is bad. It's bad for the world and it's bad for Augur, and it's bad for Ethereum. Please be a responsible early adopter of blockchain. Don't participate in assassination markets. And if you do, NEVER EVER bet that a person will live. If you do, you are betting \*against\* the assassin and your money will fuel their winnings. + +Hopefully this never becomes a real problem. Let's nip it in the bud before it does and make sure that people are aware of how to responsibly react to death markets. +Ten years ago, August of 2010, at the age of 43, I started a Vanguard Roth IRA. It really wasn't until like 2005 that we were able to pull ourselves out of debt and start saving seriously (aside from the 401Ks at work). The next five years were spent getting an emergency account funded and so, 2010 was when we could finally start the Roth IRAs. A year later, my side business took off so I also started a SEP IRA. No, I haven't always contributed the maximum amounts. And I probably haven't always made the wisest decisions as far as how to invest, although my performance graph shows I've averaged 8% and that isn't too shabby. Today, I have almost $180K combined in those Vanguard accounts. Thought I'd share in case you need some inspiration to get that Roth started. There are times I start to feel bad, wishing we'd done this or that differently, but all I can do is keep learning and keep investing and do the best I can now. So I plan to keep plugging along with my investments and I can't wait to see what it looks like in another ten years! + +Edit: Thanks for the gold, stranger! +I've seen enough of the new Biden administration to conclude that the US will engage in confrontation through any means to contain China's rise. The 2022 Winter Olympics looks a very likely flashpoint, a US led boycott will sweep aside any doubt about this. Politics aside, how would you invest to maximise gains from the prediction that there will be increasingly hostile actions taken by the US against China in the coming years? + +Is it still worth investing in China? Or would you target investment in India and/or places like Vietnam? What are good funds/trusts which focus on those countries? + +**Sorry I should clarify, I am not predicting a hot war (although that is a possibility), instead, I think the US ramp up hostile economic actions even at their own expense in the short run** +Seeing all the red on $GME today, I panicked. + +I was scared I would miss another dip, so I sold some of my green colored lines to buy $6k more $GME. + +I locked in my profits from other stocks AND lowered my average price per share on $GME. I'm literally Buffet. + +It's called buy low sell high retards. No one is selling at this point. + +Selling now is literally the same as walking into a restaurant and paying for a billionaire's lunch. Just venmo a hedge fund directly. You might as well go to one of their 8 homes, strip naked, and let them use you as a footrest. Let them call you good boy while you roll over and lick their shoes. For anyone selling now (which thankfully almost no one is), it's humiliating. + +Buying now off the short ladder is buying another shorted stock which they HAVE to buy back from you at WHATEVER price you want. + +It's the best feeling in the world. Empowering. Intoxicating. + +I'm touching my pp right now. + +Buy up their shorts. +Everyone forgot what a red day was because stonks only go up + +*sHoUlD I SeLl NoW?! Iz tHe CrAsH CoMiNG?* + +I honestly get less stress on red days than I do on green ones, weird +I'm referring to investing mainly in ETFs, nothing too high risk. I'm under 30, I have no debt, and have no plans for any large expenses any time soon (like buying a house for example). I'm fortunate to be at a job that pays me well and I've been able to put a lot of money in the stock market, including shares I've received from the company I work for. Right now, about 80% of my net worth is in investments, be it personal investments, 401k, Roth IRA, etc. The rest is split between HYSA, CDs, and my checking account. My expenses are especially low right now due to covid so I've basically just been consistently putting money into stocks. Is there any reason not to do so? Seems crazy to have so much money tied up in stocks but at the same time, I have plenty of 'liquid' money that's just kind of sitting around anyway. +Currently the sub gets about 5-10, where do I get started, I want to get into day trading posts a day. We created a getting started wiki that no one reads. So I am going to post the link in this post. This post is to help anyone new and stop the same redundant posts that ask questions that have already been answered. There is and always has been a link for book recommendations at the bottom of the wiki. This post is a reminder that posts that are answered in the wiki will be removed. + +https://www.reddit.com/r/Daytrading/wiki/getting-started-daytrading +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: 262144 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) +I’m moving into my first solo apartment in a couple weeks, and I had to budget for the utility security deposits that many companies require if you lack a history with them. Between electric and internet, I was looking at a couple hundred dollars in deposits—spread out gradually over my next few monthly bills. + +However, today, I learned a deposit was not required due to my solid credit score! + +One less headache to worry about, and my budget is a bit more flexible now, and all it took was managing and building credit responsibly. + +EDIT: Of course, this is just one of the minor benefits of a good score. I just wanted to highlight how credit can be a factor sometimes in less salient circumstances + +EDIT 2: This became more popular than I expected! I won’t be able to respond to replies today, so check out the Wiki on this sub for more information about using credit responsibly. Also, credit and debt are two different concepts—it’s important to understand the difference. +Brian Krebs broke a story on his site, KrebsOnSecurity, that Experian’s website allows anyone to create a new account using your personal information even if you have an existing account. A new registration is allowed to take place with a different email address than the existing account and an alert is not always provided to the previously registered email. This new account overwrites the old one and would allow an identity thief to control your credit file with Experian including removing an existing freeze without any indication to you. + +Just a heads up, keep a close eye on your Experian file and watch for this to be exploited as Experian denied the issue exists and has not taken steps to remedy. + +[Experian, You Have Some Explaining to do - Krebs on Security](https://krebsonsecurity.com/2022/07/experian-you-have-some-explaining-to-do/) +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." +I can clearly see all the points he's making, but the book so far could be about 1/4 the length and I'd still get the point. Feels like he says one thing, then writes forty pages of a story about it. Like... Yeah I got it the first time you said it. + +All the points he's making are congruent with the overall concept of "millionaires don't spend frivolously and live below their means". You can immediately guess the answer to all his proposed questions. + +Anyhow, is there more to this book than just conceptual stories? Should I keep reading? +Multi-millionaires and even billionaires who are invested with Citadel LLC, I am your god now. Heed what I say. + +Maybe you heard the news from your holographic personal news anchor, or your internal AI sent you a neural audiobook. You heard that Citadel was named in an active DOJ investigation. And just yesterday you heard the word "Racketeering" getting thrown around. + +I'm assuming you're clueless to what any of this about, similar to a retail investor who didn't follow GameStop for the last year. Pull your head out of the popcorn cuz I've got some knowledge for you. The term investigation is new, within the last week. The DOJ claims they've been looking at this since early 2021. + +The regular people here have been on it longer, and we didn't have the Patriot Act to tell us where to look for evidence, we just had publicly available information sources and that was enough to produce multiple great DD series' from multiple motivated authors. + +From publicly available information we've been aware of this entire time, racketeering comes as zero surprise. + +Now I'm assuming you haven't gone and read the DD because to read such rabble is beneath you, and even if you do watch financial news media you are missing a major part of the story there. Let me be the first to assure it is all true. + +These hedge fucks hit a button and make free money for 10-20 years while a company assuredly goes bankrupt, then Citadel's market making arm naked shorts the bankrupted shares at $0.001 for an eternal and riskless grift. If they are being investigated, there is plenty of material there for Kenny and his brothers to be locked up. + +Retail is committed to GameStop stock which has a massive short position built up due to this 10-20 year exercise of naked shorting to force bankruptcy. Retail's commitment means the exposed shorts will have to be covered instead of relying on turnover rate to stem the impact of naked positions. This will happen, it is a certainty. + +When it does, Citadel will be liquidated. You know, the guys who restricted your withdrawals almost certainly after hearing they were under investigation. Yeah, that money they just said you couldn't have, it's all going to be gone. They were hoping it would either be gone or they would win (they can't win) before the investigation goes public. There's zero chance any of you stumbled through this sub or the other subs prior to knowing about an investigation, they were preparing themselves for the day you finally did. + +When they get liquidated by the banks, you lose everything. Citadel's obligation isn't to you anymore, it's to us. And I'm not letting any of you fucksticks jump me in line. + +I don't care if Citadel is the one to pay me, or if it's a bank, or if I have to get JPow himself to come hand draw me dollar bills once his printer busts. But you do care. You only get one shot. You ignored the signs for the past couple years and you built up precisely zero leverage, nice work smart guy. + +So here's what you successful and smart people who got yourselves into this situation and blinded yourselves to any amount of true information should do now. Liquidate Citadel yourselves. Breach that contract. It's racketeering for fucks sake, you think they pursue that when they want to find evidence or when they want to make the damning shit that they have into a permanent example? Pull your money and create some of that leverage you never thought you'd need. + +Liquidate them. You multi-millionaire, you sexy little billionaire you. You big strong American citizen who worked so hard and was so smart to get yourself into this situation... Liquidate them. speed the process up I want to see banks popping, I'm sated on hedge funds going under. + +I really don't feel like putting a not legal or financial advice disclaimer in this because if any billionaire actually decides to act on this then he's way more retarded than me. Alas I was pretty heavy in some places so this isn't legal advice or financial advice. If you want that go ask Ken Griffin and see what those licenses are really worth. + +Do whatever the hell you want, just know that to an extent, we are looking out for you. Ape help Ape, and brother you may not be invested in GameStop but your financial decision making certainly makes you an ape. + +Redeemable ONLY to investors in Citadel who withdraw 100% of their funds: >!Congrats, and Fuck You.!< + +&#x200B; + +edit: Just want to remind the vocal minority that I flaired this under hype/fluff, not DD, because it's supposed to be light. That said, I do believe that if I were an exceedingly wealthy person who had been told by my contact at Citadel for over a year that reddit conspiracies are something I should stay far away from, then I start seeing "Citadel" included in an investigation into "racketeering" I might consider going to see what these conspiracy theorists have been saying. I'd bet my DRSd left nut that at least one Citadel investor has scrolled through here, and I'd bet my ACAT right nut that they won't be the only one when all is said and done. Edit over. + +edit 2: doing my best to catch up with every ape who gave an award. Please take this edit as a blanket "thanks" before I reach out to you :) +Hi there, + +I moved to Munich in 2018 to study there. I couldn't get registered for the first 2 years because I didn't have official rental contracts (the main tenants I rented from were subletting to me illegally, which they conveniently failed to mention until after I moved in). After 1,5yrs I moved to a building where I could get registered, but then COVID happened and I quickly decided to move back to my parents in Feb '20. + +So now I'm 2+ years into this mess and I need some clarity. I'm working a 5-10hr per week job where I wasn't offered a contract but instead was asked to send monthly invoices. Though nothing has gone severely wrong so far, this has been stressing me out for a long time. + +I barely have any money and so a big fine (e.g. for late registration) would bankrupt me, but I'm also now aware of my vulnerable position relative to my employer/contractor. For example, If one day they would pay me less or not at all, I'd have no idea what to do. + +Any advice, comments or insight at all would be welcome! I honestly don't know what to do. Thanks for reading until the end :) +For some reason there is news only of the moratorium and not the merger. It is a good move for the long term actually. + +&#x200B; + +* Withdrawals capped at 25,000 +* Moratorium for 1 month - till Dec 16 +* Bank had losses for 3 years +* It has been under PCA since Sep 2019 +* An administrator appointed +* Shareholders had voted out all the Directors a few months ago +* DBS would bring in 2000cr+ to recapitalize the bank + * DBS is one of the largest banks in Singapore + +Some sources: + +[https://www.moneycontrol.com/news/business/under-moratorium-rbi-says-lvb-to-merge-with-dbs-6128361.html](https://www.moneycontrol.com/news/business/under-moratorium-rbi-says-lvb-to-merge-with-dbs-6128361.html) + +[https://www.livemint.com/companies/news/lvb-brought-under-moratorium-until-16-dec-withdrawal-capped-at-rs-25-000-per-borrower-11605619769547.html](https://www.livemint.com/companies/news/lvb-brought-under-moratorium-until-16-dec-withdrawal-capped-at-rs-25-000-per-borrower-11605619769547.html) +Closed on investment property today. Received fraudulent email this AM appeared very legit with title company info and all and a BS bank adresss. They even called me pretending to confirm , impersonated my realtor with a confirmation of the right amount and the routine info - all BS. Woulda lost 110K if I wasn’t suspect. Be careful guys this shit is real +**The Psychology of Selling, Scalping, the Fear of Missing Out, and Why You Shouldn't Get Too Attached to Prices** + +There have been a lot of posts about selling on here — People asking when they should sell, others telling users when *not* to sell...so, I thought it might be helpful for the new traders to hear some real-life examples of what it's like when a retail trader starts to make *real* money in the stock market. I also think it might be beneficial for the more experienced traders to learn other strategies and hear different thought processes. + +**Why You Should Trust People Will Hold Until the Ceiling** + +Take it from me, guys, as someone who has profited over $50k+ dozens of times on a single stock, only to hold and watch my profits dwindle down as the price fell back to my average...I assure you, selling too early is not something we need to worry about. + +Selling is the hardest part of trading. When you start seeing gains snowball, $1k, $2k, $4k, $8k..., it's going to be difficult to decide to sell. You're *always* going to hope your gains keep doubling, because greed is stronger than fear and regret. + +Here's an example: + +Last December, I was holding a stock that made a pretty decent profit in a short amount of time. I decided to make the "smart choice" for once and sell off half of my shares, worth about $20k. The next day I wasn't really paying attention to the market because I was getting ready for an event. Around 8:45pm I realized the market closed and I hadn't checked my portfolio all day. When I logged into my account, I saw the that stock I sold off the day before was up another 120%. I dropped my phone and facepalmed, hard. It was no exaggeration or overreaction. It ruined my night. Losing potential profit for some reason can feel worse than losing *real* capital. It's a strange phenomenon + +Don't get me wrong, playing it safe and profit-taking is not a bad thing. I just want people to realize it can be extremely frustrating when you miss out on huge gains. + +Alternatively, a year prior, the opposite situation occurred on a much larger scale. I was up about $150k+ on a single stock in less than a month and was expecting great PR to come out. It eventually did, but the month-long run turned out to be a sell the news, pump &amp;amp;amp;amp; dump. Almost immediately after the press release came out, it dropped about 55%. My phone died on the way to work and by the time I got to my computer, I had lost about $76k (profit) in the span of about 2 hours. Sold immediately and just laughed at myself. It sucked, but I still made money. It not as difficult of a situation as you might think. + +It's much easier to manage your emotions in the second scenario — on the way down. Selling too early, like in the first scenario, is a lot more stressful. If you sell everything too early during the squeeze, you're going to go through absolute hell. This is ESPECIALLY true if your broker won't let you use funds until trades clear after 2-3 days. + +If it happens, selling at $5k and watching the price climb to $20k, $40k, $80k, etc. will probably be one of the most anxiety-filled experiences of your trading career. You're going to debate whether or not you should buy back in, but you may be too afraid it's reached the ceiling already, and therefore won't want to risk losing the profit you successfully secured. Or you may decide to risk it anyway and end up losing money. Or you'll risk it and the price will rise another hundred trillion dollars. No one knows what's going to happen. I certainly don't want to find out the hard way, therefore you guys will catch me, safely selling on the way down. + +**During a Short Squeeze is the Worst Possible Time to Scalp** + +I'm sure you've seen posts on here warning you not to scalp because it will affect the MOASS. While that's true, I strongly suggest you do not try to scalp because I'm willing to bet all my shares most of you would fail at it. That's not to imply that I don't think we have skilled traders here, this is just not a situation where scalping is a successful strategy. Yes, some may get lucky and time the market right, but I can't even explain to you how stressful it is to scalp a stock that you're expecting to skyrocket. + +In hindsight, it's so obvious to look at a chart and know exactly what you should have done and when. But in the heat of the moment, you won't be able to handle your emotions. It happens to everyone, even the most skilled traders. Although the most skilled traders are smart enough not to think they can time the market in a situation like this. + +What's going to happen is you're going to sell, the price will start going up again (believe me, it ALWAYS does), and you will panic buy back at 10-15% more than what you sold for because you'll be terrified it's going to run away from you. THEN the price will start going down again (believe me, it ALWAYS does). Congratulations, you probably just lost yourself a few thousand dollars and gave yourself a crippling anxiety attack. + +Please trust me, scalping is a **terrible** strategy under this circumstance. Utilize the strategy on lower volume stocks you can day-trade. Or, my best advice, on stocks you're extremely bullish on for the long-term. When you see a dip, buy. If you get caught bag holding for a few days, no big deal...you know it's going up anyway. Rinse and repeat. That was my main strategy when I was teaching myself how to day-trade. I swear I have never had a single loser using that strategy. + +**Fear of Missing Out is Real** + +I'm not going to go too far into detail about the psychology of bag-holding, because I don't think many of the people reading this, who are holding GME before the squeeze, will be left bag-holding. + +GME will probably leave a lot of people holding some heavy bags, but it won't be any of us. It's extremely hard to resist chasing a stock. FOMO is so much stronger than you may think it is. I've been trading for 10 years, I know better than not to chase stocks, but I still occasionally fall into the trap. + +Once the squeeze begins we're going to see a lot of new buyers hopping on the bandwagon. Even people who told us we were wrong and that the squeeze won't happen. Unfortunately, a lot of those people will probably buy closer to the top and choose to hold a bag when they should actually cut their losses. But oh well. + +I see this happen time and time again. It's the reason why I don't give people specific stock tips. The only person I give tips to is my sister, only when I'm absolutely 100% bullish on something. It's always the same god damn process though. She ignores my tip, then sees my profits grow from 100% to 200%, to 400%, to 800%..., and THEN she buys. Every. fucking. time she buys at the absolute top and loses tons of money. And to reinforce an earlier example, she also refuses to accept my advice to sell, because she tries to hold out for a reversal that will never come. + +I suggest that when the MOASS begins, stop encouraging people to buy GME. Of course, the rest of us want high demand, but man, it's so awkward when your friends lose money on your stock tip. Even if it's their own stubborn fault. + +**Do Not Fall in Love with a Stock or Price Target You Missed** + +This is actually the main reason why I decided to write this all down. A friend of mine, new to trading, started explaining why he wanted to hold onto his Bitcoin, even though he 100% believed the price was in decline. This thought process is textbook noob trader. + +Although he thought the price of bitcoin would continue to fall, he couldn't let go. "If only I sold when it was $64k," he kept telling me. But *I* know that would have never actually happened because he was hoping it would keep going up. Everyone struggles with this. People will fall in love with a price and hold much longer than they should. Prices will come and go, and they just keep telling themselves "If it reaches $X again, then I'll sell" and then the price goes even lower. They'll keep lowering the bar farther and farther while promising themselves to sell when it reaches higher targets. The biggest problem with this plan is that the price may not hit its target again anytime soon. A lot of times the price can fall back to their average before they realize their fatal mistake — they should have sold way sooner. + +I'm not too worried about the price falling back to anyone's average with GME, because we'll all be on the moon. I just thought it was important to mention. It happens ALL THE TIME to traders. Still happens to me, like in my intro example. Although I've gotten much better at making a plan and following it. The more you trade, the better you will get at selling; It just takes experience. + +Here's the advice I gave my friend, which is a much more rational strategy: If you think a stock has hit its peak and your plans are long-term, selling for the short-term is the best strategy. If you sell, you will not lose any money because you're locking in profits. If the price goes down, that's great; You'll be able to buy even more shares. If it goes up, so what? If you were wrong and the price jumps 10%, you can always just buy it back if you're bullish long-term. You'll still have the same amount of money, you just won't be able to buy as many shares with it. Your other alternative is to watch your profits bleed as the price drops, and potentially risk losing all of your gains. + +Anyway, that's about all I can think of that would apply to the short squeeze. My final advice is to be patient. Let it play out, don't even think of scalping, and don't hold too long after you believe it has reached the ceiling. I'm not even going to warn you not to sell too early because I don't think anyone will. But, when you do decide to sell, consider selling off multiple lots. It's a lot easier, for example, to sell only half at first. That way, if the price goes up, great, you're still making money. If it goes down, good thing you already sold half. + +You guys are thinking way too hard about this. Stop worrying and get pumped. + +It's important to always keep pushing yourself to learn new information and to stay motivated. You're not always going to have a short squeeze in the pipeline. There will be days when you will lose a lot of money, boring stretches where everything seems to trade sideways, and periods when your entire portfolio is at a loss and you're unable to trade anything. + +"[I'm here to tell you, that #1 — Most of you say you want to be successful, but you don't want it bad; you just kind of want it](https://youtu.be/SuuPUKom2Nk)." + +**TL;DR:** Multiple trading scenarios and emotions you'll probably experience during the MOASS, written to help new traders prepare themselves and to share strategies and alternative thought processes with other experienced traders. + +Edit: Just re-emphasizing how important it is to hold and not scalp. That was the biggest mistake I made during the situation in my title. I never did out the math, but I'm positive I would have made more money if I just left it alone. It's so much harder than it seems. One of the days the stock went up 60%, but I sold off half at 20%, thinking that would be the high that day. Ha, I can't explain how devastating it was to watch the price shoot up another 25% a couple minutes after I sold. My head almost exploded. So yeah, 10/10, not worth it at all. +I have been looking into a position with a private firm that operates with Primerica. From what I’ve seen the people are genuine and want to help their clients reach financial stability. Can someone help explain why everyone seems so shaky on them? Thanks. +I miss being an entrepreneur, and have been considering leaving my well paying tech job to give it a shot. + +I've got enough of a safety net to spend 6-12 working on something without any changes to my lifestyle, and I've got enough relationships in the industry that I can hopefully jump back in should I want to. + +But going from a full salary + benefits to nothing at all is nerve wracking, and I don't have any friends who have done something similar. Has anyone made a bet this big on themselves before? +Curious to hear the many possibilities/ideas. Paying off debt is nice and provides a guaranteed return. Markets are still down considerably from their 2021 highs. +Came into a small fortune through shorting the recent dip, I am 22 years old with a little over a million in cash all my taxes and debts paid, my family and friends have no idea, what would you do ? +I’ve got “friends” who are texting me about the price, sort of expecting me to to “admit they were right all along” saying “wow, look how low it’s dropped” and I’m just like “I’m loving it, I bought more at $107”. Imagine buying the thing you love the most at half the cost. Whether you like golfing or going to concerts or whatever you like to do, our very favorite thing on this earth is less than half the price it was two months ago. Apes know the value is there. Apes know the price is wrong. The lower it goes the more I buy. I loved it at $250, I loved it at $180, and I’m doing cartwheels at $110. +Hi guys, hoping to pick your brains here. + +Last year I sold a bunch of ARKK CSPs and got assigned 60k worth of shares. Was waiting for a good time to wheel it and long story short, I’m not down 50% from my entry. + +I know it’s dumb to hold it up to now, but my question is what do I do now? Wait for the price to recover a little from Putin and sell? Sell now and eat the 30k loss and quit theta? Sell calls in the current climate? + +Also, how do I avoid this in the future? Without the benefit of retrospect, I’m not sure what I would have done differently. + +Thanks! +https://www.cnbc.com/2020/06/28/starbucks-latest-company-to-pause-ads-across-social-media-platforms.html + +Starbucks is the latest company to say it will pause advertising on “all social media platforms” and promises to have discussions internally and with media partners and civil rights organizations to stop the spread of hate speech. 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Didn’t some people show 0 shares in there CS account Saturday morning? Just wondering if anyone has any opinions. +**DISCLAIMER:** *Before you attempt my crucifixion, I want to state up front that this post is meant to provide more evidence that* ***D****irectly* ***R****egistering our* ***S****hares with* ***Computershare*** *is not only the way, it is the ONLY way! And it needed/should have gotten underway many months ago, in fact, right after the January sneeze would have been ideal.* + +I hope that this post becomes a multi-part post eventually as I suspect there is much more to glean from what I already know so far. Bear with me though as you read through, I am a blue collar retard and typing sh-t up, having it all make sense on paper is not my mug of beer. + +**INTRODUCTION:** + +u/dlauer (David Lauer)-as you all know-is an expert in this field of stock market trading. He was a high-frequency trader, he helped design exchanges, helped asset managers manage assets, has testified before the US Senate and SEC on market structure. With over ten years experience and working for some of the biggest firms in the markets, (yes, including Shitadel for 9 months) he is likely the most qualified "ape" that we know in this ginormous group of ours. + +[Dave, circa 2012, colorized](https://preview.redd.it/ydd64gfy0tp71.jpg?width=474&format=pjpg&auto=webp&s=813d7a57eec71f51f7a25beca57e35125c1557fd) + +I know for a lot of you the jury is still out on whether Dave is on our side or not but hear me out. I was until recently one of those who was very sus of Dave and did not take what he says at face value. After spending hours reading through hundreds of comments and posts from Dave and about him, I have since changed my mind because of one major point. In all his replies and statements, Dave has remained consistent. He doesn't flip flop on his ideals and he constantly reiterates that he is not always correct and is just as fallible as any of us. I genuinely believe now that Dave really is sincere about everything he says and I now believe that the controversy that became FUD concerning him was orchestrated. Let me show you what I mean below, I copied an older post of his that he made about a popcorn stock tweet that was extremely controversial. + +[page 1 of 4 of Dave's OG post](https://preview.redd.it/6xe1hxvy1sp71.jpg?width=1006&format=pjpg&auto=webp&s=749d2505bb2d39bdcaeb94763e69de9c872186da) + +Dave felt that the price action he saw in popcorn stock toward the end of May this year was due to shorts squeezing. As you can imagine, much screeching & reeee'ing followed.. + +[page 2 of 4 of Dave's post](https://preview.redd.it/6khht69t2sp71.jpg?width=836&format=pjpg&auto=webp&s=c3a9abebd9431117d19761f1abf1ff04fda3d97b) + +[page 3 of 4 of Dave's post, Vlad is a funny clown](https://preview.redd.it/00924udy2sp71.jpg?width=816&format=pjpg&auto=webp&s=4c6fdfb8b86a290af33c7558fc25b3b39f6211cc) + +In the next img, you will see the crux of my post, it was at the end of Dave's original post. What I read then has been burned into the back of my brain and has nagged at me for months. He said something that created instant PTSD in most of us who read those words.. + +[page 4 of 4 of Dave's post, mic drop moment](https://preview.redd.it/cec3an6a4sp71.jpg?width=2058&format=pjpg&auto=webp&s=93dfc477fd07ce8ddd81b0fd41889fdb5b1a9898) + +Dave is telling us all that short squeezes can happen slowly over time, without impacting the market dramatically! He points out that there are different kinds of squeezes, not just the one type we are all familiar with based on what happened back in January. The scariest kind of squeeze, imo, is the one you cannot detect is occurring. The one that looks like just natural price inflation over time. Consider this comment I found in his post: + +[shoutout to u\/where\_in\_the\_world89](https://preview.redd.it/bglqroqv5sp71.jpg?width=1168&format=pjpg&auto=webp&s=f584724bf8bea64ce5f8cd04d329b76890a6758b) + +Ever since the DRS movement with Computershare has regained steam, I have seen lots of FUD spread throughout the $GME subs and especially on other platforms such as youtube and twitter against registration. I think we all have heard by now of one special youtuber\* who has really gone on the offensive against Computershare, even going so far as to label Dr. Susan Trimbath as "irrelevant" concerning this trend to take our shares out of the market. Yes, the queen of the apes, who wrote the book on naked shorting! The shills are grasping for straws by pointing to Computershare's lack of positive reviews online, asking us to ignore field experts on the subject matter at hand. + +**How does any of this relate to "buying and hodling?"** Well my bros and sisis, I think I connected a dot from Dave's old post to the FUD being pushed today by our resident shills. Think about this, if the shills are not dumb enough to ask us nicely to sell our shares then what are they asking or telling us to do instead? The number one theme that I see from DRS/Computershare doubters is the message to just buy and hodl with our current brokers. That's it. Just stay where you are with your shares "safely" inside of your favorite broker. You might have seen them also say "don't transfer the bulk of your shares to CS." Or maybe you've heard them say, "CS is only for infinity pool shares because it's too difficult to sell and you might miss out on moass." + +**Here's the bomb drop part**. Shills, (hedgie mouthpieces) want us to buy and hodl with our current brokers in the market because it allows them to use our shares-which are really just iou's-to gain collateral and to slowly close out their open shorts very slowly, over time, so as not to cause any dramatic price swings in the market! That's it! **Buying** grants them more collateral since they don't have to actually buy a real share for you unless you DRS them! **Hodling** them in your broker allows them to be used for the benefit of hedgies to perform their fu-kery indefinitely! That's the shills greatest plan and it's been right under our noses the whole time! *They want us to keep our shares in the market, in the DTCC, where they have the greatest chance to slowly get out of their precarious position.* Time, as it turns out, is on their side too! + +Do you remember what [Criand wrote about in his latest DD concerning CS?](https://www.reddit.com/r/Superstonk/comments/pps2yj/direct_registering_shares_drs_is_the_moass_key/?utm_source=share&utm_medium=web2x&context=3) Our brokers very likely do not hold any actual shares of $GME, instead there are iou's or placeholders because of collateral/swap loaning. We likely only receive an actual share once we request DRS. This is likely why we have been seeing some really wonky prices printing on our statements when transfers are processed. I am convinced that all of the shares in our brokers are iou's/fakes and only the ones getting DRS'd are real because of forced purchasing. As I write this, I won't lie, I am afraid what will happen if I don't transfer ALL of my shares to Computershare. Will they honor the synthetics which sit in our broker accounts? After all, they haven't been purchased yet and according to the CMKM section in Dr. T's book *Naked, Short and Greedy Wall Street's Failure to Deliver,* even brokers whose clients purchased certain securities, may be in a state of "failed to receive" even though they were "long" at settlement. Meaning that your broker took your money, assigned you shares that it itself never received and is always waiting for shares to be delivered that never come. + +Guys, this is huge. We cannot just "buy and hodl" because we're not receiving actual shares in our brokers when we buy. We cannot hodl what does not exist. The only real shares on the market are sitting in Computershare accounts, off market. + +In the case with CMKM-although very different because it was a penny stock and got delisted-all the shares that were sold as synthetics, the brokers just deleted them from shareholder's accounts. Millions of shares, erased with varying excuses. It happened with many brokers involved including but not limited to Fidelity, eTrade, Schwab, TD Ameritrade, Chase, etc. After all I have witnessed in this sh-t show of a market since Feb., I wouldn't put it past these a-holes to offer a refund of the purchase price of our shares because they cannot locate real ones. I know we all want to look on the bright side of this and assume Shitadel is on the hook to "buy back" our fakes but after digging into all this I don't expect that to be the most likely scenario. I don't know what will happen, but I do know that I would feel a hell of a lot safer if 99% of my shares are DRS'd. + +&#x200B; + +I don't want to cause panic, but, Computershare may become a race to secure real shares which are the only shares entitled to the future dividend distributions and value of $GME. + +&#x200B; + +\**youtuber in question has since deleted his video(s) and comments regarding Dr. T and Computershare and/or has locked them up behind a member's only wall. However, I did find this great bit of FUD on his channel:* + +[name redacted because publicity](https://preview.redd.it/7bchahmdpsp71.jpg?width=1356&format=pjpg&auto=webp&s=8140be57f774b5ae5e0f0229df3e625b119e2810) + +I am going to end the post here because it's late and I'm retarded. + +I have screenshots and comments from Dave and others replying whom have since deleted their accounts that I think are important to post/publish because I believe Dave to be on our side. I just think that we misunderstand him and he cannot explain himself well sometimes through replies. Especially after he says something like a big squeeze is possible but not guaranteed, (due to shorts covering slowly over time as he said above) and that all these volume errors are glitches that are often corrected. You get the picture. I contacted Dave before posting but I never showed him a rough draft so he will be seeing this post live like all of ya'll. + +I'm a last minute kind of ape. + +Oh and before I forget, it occurred to me that if some 4 month old, green horns challenged me on my knowledge of my own field after having spent over 15 years in it, I would mock them viciously and let them wallow in their ignorance. Be kind to Dave, dude knows his sh-t. We just learned how to walk ffs. + +Love you guys, stay hardcore. + +&#x200B; + +edit: added photo +I hate the "nO dAtEs" bullshit in this sub. I fucking LOVE the dates. Every single day, I am excited for blast-off, but I am never dIsApPoInTeD. + +I think it will rocket every single day, and every single day when we don't rocket, I'm just as jacked for the next. + +Let the hypers have their hype and their dates. Honestly, to me, "nO dAtEs" is very shilly -- it's like saying "don't keep looking into this! Don't tell everyone what's going on!" + +Fuck off. I live for the dates, every day. +https://www.cnbc.com/2020/02/26/debt-among-older-americans-increases-dramatically-in-past-two-decades.html + +Total debt for Americans over age 70 increased 543% from 1999 through 2019 — the largest percentage increase for any age group, according to the Federal Reserve Bank of New York. + +Seniors have been "disproportionately harmed" by a deterioration in the country's "modest social safety net," according to a study. + +Carrying debt in retirement isn't necessarily bad if people have the cash flow to pay their bills and still live comfortably, according to financial advisors. +# Get a hold of $BurningMoon and understand how to get passive income through smart contract controlled NFTs! + +**Keep in touch with the latest news and join their community:** + +[https://t.me/BurningMoonBSC](https://t.me/BurningMoonBSC) + +**💲Where to buy from? 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We are going for a lot of burning!** + +$BurningMoon is a hyper-deflationary token, that aims to achieve the highest burn rate ever seen, by incentivizing holders to burn their tokens. + +Holders get rewarded in BNB. Additionally, they can choose to be rewarded in any token they wish, including the “Promotion Token” which enables special bonuses. + +**👉 What are the key use cases and benefits of $BurningMoon token?** + +✅High reward system – $BurningMoon provides all holders a passive income earned from every transaction. + +✅Anti-Dump Mechanics – Frequency and amount of token to be sold is limited per wallet. + +✅Sacrificial Token – Holders can burn their tokens to double their rewards. + +✅Security by Design - $BurningMoon was coded from scratch by Rainhard, a well-known developer. + +✅Prelaunch Audit + +✅Community Oriented and Fair – The team strives for transparency, trust and full community drive. + +✅Team Driven – Their team consists of experienced and dedicated individuals + +✅No Phoney Roadmap – Instead of listing blurry goals their team will expand their ecosystem from the get go. + +**👉 Do they have something to show! Application is ready + a tutorial how to use it!** + +Take a look at their app and see for yourself their product: + +[https://burningmoon.finance/app/](https://burningmoon.finance/app/) + +and a tutorial is ready if you don’t know how to operate: + +[https://burningmoon.xyz/BM\_DApp\_Tutorial.pdf](https://burningmoon.xyz/BM_DApp_Tutorial.pdf) + +**💲They are Coinmarketcap and Coingecko listed already! 💲** + +[https://coinmarketcap.com/currencies/burningmoon/](https://coinmarketcap.com/currencies/burningmoon/) + +[https://www.coingecko.com/en/coins/burningmoon](https://www.coingecko.com/en/coins/burningmoon) + +**📈Contract:** + +0x97c6825e6911578a515b11e25b552ecd5fe58dba + +**♻️Tax Distribution (varies):** + +**-Taxes(variable)** + +**📌** Buy tax: 10%(variable) + +**📌** Sell tax: 20%(variable) + +(25% tax max.) + +**-Tax Distribution** + +**📌** 40% Staking + +**📌** 40% Auto LP + +**📌** 20% Burn + +**💎Tokenomics:** + +**📌** Maximum Supply: 1,000,000,000 + +**📌** Token maximum hold (Whale protection): 10,000,000 + +**🔗 Join the community and feel the great vibe!** + +Burning Moon’s team have given you a wide variety of social platforms that you can engage with and communicate with other people in the project. Right there you can contact the team and ask them anything you feel like it! I have done it myself and they are flawless in their response. + +**🌐 Website**: [https://burningmoon.xyz](https://burningmoon.xyz/) + +**📱 Telegram**: [https://t.me/BurningMoonBSC](https://t.me/BurningMoonBSC) + +**📱 Telegram Announcements**: [https://t.me/BurningMoonBSC\_ann](https://t.me/BurningMoonBSC_ann) + +**🕊 Twitter**: [https://twitter.com/BurningMoonBSC](https://twitter.com/BurningMoonBSC) + +**🌐 Instagram**: [www.instagram.com/burningmoon\_bsc](http://www.instagram.com/burningmoon_bsc) + +**🌟Reddit**: [https://www.reddit.com/r/BurningMoon/](https://www.reddit.com/r/BurningMoon/) +I’m currently an individual contributor at a large (non-FAANG) software company. I’ve spent my entire career here, from intern, spanning a bit over a decade (I’m early 30s). According to levels.fyi, my current position best aligns with Google’s L6, Facebook’s E6, or Microsoft’s level 66. I report directly to a VP, whose other IC direct reports are L7-equivalent. I’m on track for promotion to L7-equivalent (potentially this year, realistically next year) and have been told that I have L8-equivalent potential. + +On one hand, staying with one company has given me a lot of advantages. For my current level, I’m on friendly terms with a disproportionate number of the most senior engineers in the company. I have opportunities to present at company-wide and external/customer-facing events. I find the technical work I do fulfilling and enjoy working with the set of tech leads I delegate to. + +However, bureaucracy and politics are starting to wear me down. I don’t spend nearly as much time working directly with code as I’d like. And I’ve been here so long that I’m suspect I’m under-compensated despite better-than-average raises each year (salary is ~$250k, which is just above the midpoint for my payband, and total comp is ~$475k). I think it's time to make some sort of change. + +My net worth is around $1.5mm plus a stake in passive partnership (currently hard to value, potentially trending to $0, but ~$250k pre-pandemic) and some crypto (~$500k depending on the day). Call it $1.5mm stable plus $.75mm very-high-risk. My spending is currently ~$100k/year. + +I’ve been trying to limit lifestyle inflation, but ultimately, my goal is a comfortably fat retirement (potentially for more than just me). As a wild ballpark, I’d like to have enough for ~$200k+/year spending, so I figure I’ll need ~$5mm NW. + +I feel like I have a wide range of paths ahead of me: + +1. Continue on this trajectory. I’m working 45-50 hours/week, which is a bit higher than I’d like. I’d aim for L7-equivalent in a year, L8-equivalent 3-5 years after that, and retire a few years later. Call it retirement in ~8 years. I see early warning signs of burnout, which I suspect is the biggest risk with this option. +2. Take my foot off the gas and relax. I could drop to ~35 hours/week on my current product and do my best to just ignore the politics. Or I could transfer to some officially-funded low-pressure side project and focus on writing code. This likely means just getting small raises, small equity grants, and on-par bonuses, so my math suggests that this would shift retirement out to ~12 years. +3. Find something intrinsically fulfilling, even if it doesn't pay well. Hop to a non-profit or something. Live off whatever small income that provides while my nest egg grows. This might mean working for ~20 years, but maybe it wouldn't feel like work. +4. Hop companies. I’m writing so little code these days that I worry this would be a gamble. I have a clear reputation where I’m at, and a large [internal] commit history I can point to; I implemented some key parts of several products, so no one thinks of me as an “armchair architect”. Rebuilding that trust in a new environment while I’m rusty seems like it’d be stressful, and hurt my work/life balance. Best case, I think this could give me a pay bump without derailing my promotion timetable too significantly, potentially getting me to my goal even faster than (1). Worst case, it may add a lot of stress but give me a time table closer to (2). [But maybe some of this is just imposter syndrome?] + +I've tried modeling this by looking at the total free time I'd have over the rest of my life (based on actuarial tables) and giving free-time-when-young a higher weight than free-time-when-old. That's steering me towards (2) as while I end up working about 50% longer than (1) in terms of calendar time, it's only 25% more hours and I wind up with about the same amount of "weighted" free-time. + +Shifting from (1) to (2) definitely feels like the wrong career move, but I suppose that's why this is a /r/fatFIRE post and not a generic career question. I also can't help but feel like I'm leaving money on the table here, especially considering how many people in the industry opt for (4). What other factors should I be thinking about? + +---- + +I have verified my income, employer, and most of my $1.5 million in stable assets with mods, and I have messaged /u/WealthyStoic to request verified post flair. +So you want to buy a house, eh? Here's some information that can help with that pesky [down payment](http://www.bankrate.com/finance/mortgages/down-payment-1.aspx): how much do you need, and where should you get it? This is for US audiences. and assumes you are buying a personal residence. Note that this is intended as an overview, and doesn't cover every possible option or alternative available, especially locally to you or specific to your situation. This writeup assumes you are qualified for a loan in other ways, such as credit history. + +**The basics.** Lenders want you to have your own money at risk in a house purchase, thus the down payment, which forms your initial equity. 20% of the price is a popular target; this gives the lender a cushion in the event they need to foreclose, since you will take the first 20% of the loss in foreclosure. + +Most [conventional](http://www.bankrate.com/finance/mortgages/conventional-fha-va-mortgage.aspx) (i.e. non-government-backed) mortgages will require [Private Mortgage Insurance (PMI)](https://www.consumerfinance.gov/ask-cfpb/what-is-private-mortgage-insurance-en-122/) if you don't put 20% down; usually you need at least 5%, though. That's not the end of the world, but it's an added cost to you, so we'll look at that shortly. Note that there are some conventional mortgages with reduced / eliminated PMI, but they are limited to certain lenders or situations. Most people won't have those options. Since 2/3 of mortgages are conventional, we'll spend more time discussing how down payments and PMI work for these type of loans. + +Alternatively, the government guarantees other mortgage products, including FHA, VA and USDA loans, that have [reduced down payment requirements](http://www.bankrate.com/finance/mortgages/4-mortgages-that-require-little-money-down-1.aspx); the government assumes some of the risk, allowing a reduced down payment, and gets you to pay the rest of it in various ways. You have to be a veteran for a VA loan, and only certain ruralish locations are eligible for [USDA loans](https://www.nerdwallet.com/blog/mortgages/usda-loan/) (and the best deals are for people with low income), but if those work for you, those are good options with 0% (!) down payment. [FHA loans](https://www.fha.com/fha_article?id=210) are more of a mixed blessing because you end up paying their version of PMI, called [MIP](https://themortgagereports.com/7570/fha-mip-cancel); down payments on FHA mortgages start at 3.5%. + +**How much should you put down?** That's easy, right? 20%? Well, maybe not. The [average down payment](http://realtormag.realtor.org/daily-news/2017/02/15/big-down-payment-myth ) in 2016 was 11% across all types of mortgages, so plenty of conventional mortgages are written with less than 20% down. You just pay extra through PMI for the privilege of the bank taking on more risk. + +You have three main ways of [paying PMI](http://www.realtor.com/advice/buy/options-paying-private-mortgage-insurance/): + +- As an added fee to your monthly payment, usually about .5% to 1% of the house price / year, paid monthly, but it varies based on down payment and credit score; + +- As a higher interest rate (perhaps .25% more) for the life of your loan, so-called lender-paid PMI (but you really pay it anyway); + +- As a one-time [lump sum](https://smartasset.com/mortgage/what-is-single-payment-mortgage-insurance). You pay something like 3% of the house price up front in lieu of monthly surcharges. Unlike a down payment, this doesn't go towards your equity. + +So, you have options. The monthly surcharge PMI can be [eliminated](http://www.bankrate.com/finance/mortgages/removing-private-mortgage-insurance.aspx) once you pay down the principal of your loan to below 80% of your original purchase price. That could take a while if you make minimum payments with a small down payment, but if your income grows, you could be in a position to eliminate PMI within a few years. While paying down a mortgage isn't always the best use of money, paying enough to eliminate PMI is typically more rewarding and worth the effort. + +(Some mortgages also allow you to eliminate PMI if your house appreciates enough to make your equity 20%+, but that's not universal and will require you to do some work and pay some fees.) + +The exact amount you put down depends on your specific situation; try for 20% if you can do it, since it will give you better financing options. You will also pay less monthly with a larger down payment. You probably won't get a better interest rate with a bigger down payment > 20%, so that's not something to plan for. + +**Where should you get the money?** The down payment should be your money, so, ideally, you want to save up for this over time. A typical nationwide house price might be $250,000, so 20% down would be $50,000; if you saved $1000/month, you could do that in about four years. (And, yes, in many places houses cost much, much more. Adjust accordingly.) But, that's a lot of savings, and that's a long time. So, what else can you do? + +**Gifts** from relatives are a very popular option, actually. Lenders are used to these and like them. There is typically no gift tax if your parents give you $20,000 or even $50,000 as a down payment. Problem solved, for those lucky enough to have this as an option. Note that loans from relatives are not the same and not nearly as cool. You will usually need to document that money from relatives is a gift and not a stealth loan. If your relatives sell you their house for less than market value, this is also treated a down payment gift, a so-called [gift of equity](https://www.fool.com/knowledge-center/for-wiki-how-to-give-equity-as-a-gift.aspx). + +**Special programs** exist in certain places to give homebuyers, especially first-time buyers for some definition of first-time, some assistance with their down payment. (Sometimes "first-time" just means "didn't own a house recently.") You might not know about the [Good Neighbor Next Door](https://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/reo/goodn/gnndabot) program that helps municipal employees in certain cities get a big discount on their homes. That's an example of program you probably don't qualify for, but there could be something local to you that you do qualify for, e.g. in [Ohio](http://myohiohome.org/firsttimehomebuyer.aspx) or [Austin, TX](http://www.austintexas.gov/department/down-payment-assistance) or various other places. Look around at what's available in your state, and in cities near you. Sometimes these are low-cost loans; other times they are grants, especially for low-income households. Not everybody has these, though. Many people don't have any good options here. + +**Retirement accounts** This is an option, but not an ideal one. Most people retire one day, so that's a higher priority than buying a house. If you are convinced you want to do this, your best options are either a [401k loan](https://themortgagereports.com/18789/should-you-borrow-from-your-401k-to-purchase-a-home-gina-pogol), or a distribution from an IRA. Roth contributions are the best way to do this not-so-good idea. You can also tap IRA gains up to $10,000 without penalty once in a lifetime, but you may owe taxes on the money. + +**Another loan** You can borrow part of your downpayment with a so-called [piggyback loan](https://mymortgageinsider.com/80-10-10-piggyback-mortgage/). You still come up with part of the money yourself, but then borrow enough additional in a second mortgage to eliminate PMI. You then have two loans to pay back. It's an option, but not usually your best option. + +**Where to save for your down payment?** Many people coming to this forum want to "put their money to work", and especially for a house down payment. But, sadly, your money is not very ambitious, and won't work very hard for you in typical down-payment-size amounts and timetables. If you are saving for a house purchase within five years, you don't want to put your money at risk of a 20% stock market correction that will inevitably occur just before you need the money. Your contributions will dominate any interest or earnings over a short timetable, so just use something that pays interest without principal risk. (Unless you really do want to risk your down payment. Most people don't.) + +So there is some basic information about down payments. If you have specific questions, let me know and I will try to answer them and update this. See also closing costs here: https://www.reddit.com/r/personalfinance/comments/6tu91h/buyers_closing_costs_101/ +Okay, folks, I see there is a huge misunderstanding about how dividends are being paid and I thought that would be helpful to explain this from a board member of the dividend-paying company perspective. + +Let's start: + +**Myth #1**: "OMG!! GameStop cleared their debts to pay the dividends. They can put whatever number they want and short sellers will pay this to us." No, you can't come up with a random number for the dividends, as you a strictly limited by the total number of a retained earnings from the previous calendar year. GameStop's 2020 RE was $470M total amount of ALL dividends paid out in 2021 cannot exceed this amount. + +**Myth #2:** "They will pay the dividends out by the end of April". No. To pay the dividends out GameStop has to get approval from the shareholders, i.e. at the annual shareholder meeting. Moreover, there are a few important dates in this process: Announcement date, Record date, Ex-dividend date, and then the actual Payout Date. All of this takes time and doesn't happen within a week. + +**Myth #3:** "I think GameStop will have a regular dividend of $0.10 and then a special dividend of $1-3" Possible, but very unlikely. Having a dividend of around $3 will wipe out $210M of cash off their balance, which is technically an economic suicide, taking into account their expenses in buying back the bonds this month. + +**Myth #4:** "They will pay dividends in crypto". I see where this idea is coming from and I think that this is even technically possible, but this will create a huge bureaucratic impact on their legal department. Imagine a ton of paperwork for lawyers for a few months. Taking in account the company transformation plans I am not sure that this is anyhow preferable option comparing to the usual dividend, which will have an equal effect on the shorts. + +**So, my expectations regarding the dividend saga are:** + +1. **2021 Proxy Statement.** The first thing we will see is an updated 2021 proxy statement that might include the dividend topic, if this will happen, we should already see a big impact on the share price, as some of the short will start covering immediately. +2. If GameStop really plans to pay the dividends, it will be somewhat between $0,01 and $1.00. Amounts other than that will leave the company with no cash in a moment, which is a very vulnerable and unpreferable position +3. I'd not expect the news before the Proxy Statement date, which in 2020 was April 27th. (not putting the date, just the fact) If the dividend topic will be highlighted there, we will see this discussion point in the annual shareholders voting agenda. Thus, make sure that you talked to your broker in order to recall your shares for voting. + +However, I'd like to remind you that we have no even a single piece of evidence pointing to GameStop's will to pay the dividends in 2021. All we have now is just our imagination and rumors, echoing in this sub, so please, don't set your expectations too high (remember the high expectations before the Q4 report and its effect on the stock price). Calm your tits down, buy and hold. Shorts are fucked anyway with the dividends being paid out this year or without. + +Peace. +I have 4k in debt and eth is 4300. If I pull the trigger and pay off this debt with 1 eth, when will I regret this? Will I regret this next week? next month? next year? + +This debt lives rent free in my head, but if I get rid of it, that 1 eth might just be the next tenant to live rent free +Just in case you missed it, Corporate media did a short and distort piece on RC and his BBBY investment, coordinated- they massed released articles claiming RC sold his BBBY shares and in reality he had to update his fillings to have the *right to sell* since he is now considered an insider. + +archive all the FUD articles, take all those "Tru$t3d s0urces" and avoid them like the plague. + +want to take it one step foward? report those SOB's for short and distort +https://www.sec.gov/oiea/Complaint.html + +this was a SHORT AND DISTORT and is suppose to be ILLEGAL. + +They are desperate. Same thing they have been doing with GME. +We (30M, 32F) just welcomed a kid, he is 3 months old. What do we need to know and do so that we can set them up for success. + +Any pointers and advices are appreciated and highly welcomed. + +Things I need to research about is 529 for education needs and Roth IRA. + +Are there anything else that I shall be accounting or budgeting for? +I find several companies that seem to be attractive but their debt/equity is quite high. With interest rates being so low the last few years, is having considerable amounts of debt acceptable? At what point do you completely throw the company away? + +Also- is debt/equity a superior ratio compared to debt/market cap, or debt/assets? +I have seen a lot of posts / comments offering up rules-based approach to thetagang. Here's how I think about it from a general principle approach...if it puts time on your side, or eliminates time working against you, it's theta gang. + +Let's say I have 50 stocks on my long list and 25 on my short list. I will typically invest (buy and hold, diamond hand, whatever term you want to use) 10 stocks; maybe short 1-2 stocks. Why not more diversified? B/c that just takes up more time to monitor. I try to limit my time to 1 and 1/2 hours a day on stocks (investing, trading, thetagang). I've done the thing of looking at tickers all day (as this game is definitely addicting), but don't find it very fulfilling and think it just let me to over-trade. + +I then use thetagang to supplement my portfolio, typically notional exposure is less than 10% of my portfolio. + +1. Naked puts (CSP): What am I going to do with the other 40 stocks on my long list? I will sell naked puts against some of them. Over the course of month, typically 5 of them will have a decent sell-off. I equate this to selling insurance to other market participants. If I get assigned on 1 or 2 of them, now I hold 11 or 12 stocks. + 1. Still manageable, and I got the stock at a better price. I'll look to get out of those over the next few months either by selling outright or selling calls; or sometimes I'll move those up to my top 10 b/c something changed that made me more bullish about the stock. In that case, thethagang got me into a stock with a better entry price, without having to constantly monitor the stock for a sell-off. +2. Naked calls: similar to #1. But I always keep # of naked calls and notional exposure of any individual play less than half of puts. I equate this to selling FOMO. I also have much higher IV requirements. +3. Covered calls - to get to Long-term capital gains: sometimes I have a big gain in a stock that I've been holding for 10 months. Sucks when the stock then drops by half and I didn't sell b/c I as was waiting for the LT cap gains. It's that 2 months of time that I need to bridge. Solution - sell calls to hedge. +4. Covered calls - for anticipated consolidation. Sometimes I'm a super-believer in a stock and aim to diamond-hand for years. But let's say the stock has a huge 2-3x move in just 2 months. It's extended, so hedge with calls. + +I typically spend 15-30 minutes a day looking for call/puts to sell. Most days, I don't find any. + +I typically hold vast the majority of theta to expiration. This is contrast to some rule-based approach others have offered on the board. My rationale: + +1. Let's say I followed a rules-based approach of always covering at a 50% gain. That means I would have to find twice the number of trades. I don't think it's that easy to find good trades. +2. This does not create a drain on my capital. I am margin-enabled, so even if I was 100% invested, then I would just be using up margin. And since I typically limit to 10% of my portfolio, then even if I was assigned on everything, I would only be a little leveraged. +3. I'm lazy. Having to constantly monitor theta plays and decide when to close out would require additional time. + +Hope that helps! +If everything goes right I'll be receiving a post-tax windfall of about $15M soon which brings liquid NW to about $16.3M. Our family post-tax yearly expenses come out to around $300k. I plan to invest the windfall with the rest of my portfolio in a 80/20 lazy boglehead style portfolio. + +Obviously I know that fatFire folks live off their investments but I've never actually understood the actual mechanism for extracting the living expenses on a monthly/yearly basis. I also have no idea how taxes work when withdrawing money. It is it treated as a LTCG when you sell your positions to live on? What about dividends? I'm curious what type of effective tax rate range I should expect when passively living off my invest portfolio. For the record I live in MA. + +I'm wondering if our yearly expenses are too aggressive given the NW? Thanks! +Not sure if this is the right forum for this. We just got an AMC statement for a demat account created in 2008 and not used since creation, no SMS or email or physical bill ever received in the last 13 years of the account's existence. And now they are asking us to pay 7K for this. + +Is there something that can be done? This does not seem correct especially when we have not used it and no bill communication has been made in the past. We simply forgot that such an account exists and assumed that it has either been cancelled or made inactive. + +What should we do here? Spoke to the intermediary through which they demat was opened and they said amount has to be paid to close the account. Should we write to SEBI? I understand the same has happened to many many other on account of NSDL asking to verify KYC of accounts. + +Thank and regards, Artemis. +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! + +http://mailchi.mp/entethalliance/eea-announcements-join-us-at-consensus-2017 + +**Email from entethalliance.org:** + +Enterprise Ethereum Alliance Is Going Strong + +MAY 16, 2017 + +It has been a busy few months since the launch of Enterprise Ethereum Alliance, and we have several exciting developments to share. + +When we announced at the end of February that we had formed an Alliance to define enterprise-grade software on the Ethereum blockchain, we could not have imagined such an enthusiastic reception. In the following weeks, we received hundreds of applications for membership from enterprises, startups, and academic groups, and offers of support from the growing community of Ethereum specialists and experts. As a result, the Alliance will soon welcome a new cohort of members. + +The technology we are building inherently drives collaboration, and we expect it to become increasingly robust, thanks to the growth and diversity of our contributors across industries and sectors. +Building the Stack + +We have named an official Technical Steering Board, whose members have already made important strides building EntETH1.0, the protocol that is the basis for the Alliance’s ongoing work. + +The EntETH1.0 reference architecture seeks to accomplish three key objectives: + + Configurable Consensus: the ability to swap consensus mechanisms depending on the type of environment one wants to create + Privacy: the ability to have only the desired counterparties (and regulator, if necessary) able to see a transaction + Rules Based Access Control: the ability to have role assignment, role authorization, and permission authorization + +The protocol is the result of collaboration between experts from member organizations. Work on the protocol is being led by these Technical Steering Board members: + + Banco Santander – John Whelan + BlockApps – Kieren Lubin-James + BNY Mellon – Alex Batlin (chair) + CME Group – Jonathan Morley + ConsenSys – Bob Summerwill + Cryptape – Jan Xie + IC3 – Andrew Miller + Intel – Sanjay Bakshi + J.P. Morgan – Tyrone Lobban + Microsoft – Marley Grey + Nuco – Jinius Tu + Advisor – Jeff Wilcke + Advisor – Vitalik Buterin + +Application Layer + +We predict that some of the most important work to emerge from the Alliance will come from the application layer working groups that have formed since the launch. Members have the opportunity to self select into working groups within the organization and build projects publicly or privately, however they choose, using Ethereum-centric smart contracts. + +We currently have active working groups in identity, banking, and supply chain. In June, we will form further working groups that include pharmaceuticals, mobile, and energy. +Join us at Consensus 2017 + +The Alliance will drive work on Ethereum at the Consensus 2017 hackathon on May 20th to 21st. Please consider registering to participate in the hackathon, we want to see a strong showing of ethereum talent. + +We will also be hosting a two-hour afternoon event that will include presentations, panels, and a demo on May 22nd at Consensus in New York. Hope to see you there. Please see here for more details on the event. +Stay Informed + +To receive regular updates, please sign up for our email newsletter. +Interested in Membership? + +There’s never been a better time. Please reach us at info@entethalliance.org with membership inquiries. + +For all inquiries, please contact: info@entethalliance.org +I signed up to a PlusNet contract for broadband in a rural area without realizing how slow the actual internet speeds they were quoting would be. + +6 months in I've taken up 4G internet for the home from another company. Was being quoted 175 to cancel my PlusNet contract early. + +Simply read a post here, called them up and told them I'm moving to Hull. + +Cancellation fees dropped. Hull doesn't have any OpenReach suppliers! + +Thank you all! 😍 +Don't mean to be a dick, these questions belong in r/financialindependence and r/personalfinance. If you're just starting out, this is exactly where your questions belong. You're not too cool to ask for advice in there. + +If you have no idea what you're doing with your life at a young age, that's totally fine. In fact, this is a great time to figure it out. + +r/fatfire is a forum for discussion of people planning to retire with a fat stack of money - discussion about progress, logistics, tax planning, etc. Don't meant to sound like im trying to keep poor people out, but if you aren't already on your way to fat fire, your derailing the discussions + +Please use r/financialindependence. Thank you. Sorry for the rant +Most homes in established suburbs are being sold above $2m! +Box Hill homes with 300m2 of land going for $1.2m! +Houses in Asquith which is a 45min train ride away from CBD are being sold above $1.7m! + +My wife and I earn good money but still can't get a big enough loan to secure a property. + +I feel like the millenials are so screwed. We have no chance to live a comfortable life in this city anymore. + +End of rant. +So why people worry a lot? Just wait for development of technology and market. + +Than you will see that this capitization is what actually market (decentralized economy) needs in order to 'operate' +**Strategy Design Write-up part 2:** + +Hello again, + +Thanks for all of the feedback on my last strategy post. Many people pointed out that "Short Fuse" had a lot of hindsight bias and I would have been better off just shorting the market and holding. So, I went back to the drawing board looking for a way to find a balance in my strategy that could yield more consistent returns in any market condition. Lol that didn't happen. Given the sheer aggressiveness of that strategy I could not find a balance without completely changing everything, so I scraped it. + +All of that said, I am here to present my next algotrading strategy: "Bands on Autopilot" + +**Part 1: The Strategy Build** + +https://preview.redd.it/r80srcnd87d91.png?width=1244&format=png&auto=webp&s=c955d73567e31e8afc876d1c62781f07f8200a63 + +Bands on Autopilot looks to utilize the 20 bar Simple Moving Average (SMA) by comparing is value to the 20 bar Exponential Moving Average (EMA). Bands on Autopilot also looks to utilize the Middle Bollinger Bands and compare it to the 20 bar SMA. It should be noted that the Bollinger bands are using a standard deviation of 2. To execute a buy order, the 20 bar SMA must be less than the 20 bar EMA. Or, a trade can be opened when the Middle Bollinger Bands are less than the 20 bar SMA. + +Great, so we have the tools we need to open a trade, how about close it? Bands on Autopilot executes a sell order when the 20 bar SMA is greater than or equal to the 20 bar EMA. All trades for this strategy are performed on the 1 hour time frame. The strategy looks to the following assets to trade on: AAPL, AMZN, MSFT, and GOOGL. + +**Part 2: Strategy Performance** + +In this section I will review the backtest results of Bands on Autopilot. The two backtests I want to explore are the how the strategy performs in the year of 2008 and the year of 2021. Obviously the year of 2008 was extremely bearish and the year of 2021 was extremely bullish. + +In 2008, the S&P500 (my benchmark) returned -38.95%. When the entire market does this poorly, you can bet that practically any individual stocks during this time also perform poorly. The assets I chose to trade on suffered, managing to drop -49.55%. However, Bands on Autopilot is rather good at stomaching these drops and mitigating loses. Here are the results for the 2008 crash: + +https://preview.redd.it/ouygcc1f87d91.png?width=1128&format=png&auto=webp&s=4c477c03cb63b399bfd4ddd826220bf8ea0bfb84 + +After looking over the backtesting data provided above, you can see that the 4 assets I traded on lost \~50% and this strategy a decent -22.40%. Not the greatest results in the words but dodging a 25% drop is something to be proud of. Dodging this bullet does come with some risk as my strategy has a sharpe ratio of -0.75. A poor sharpe ratio in this market environment is honestly not super surprising. It should be noted that I only had a risk of losing 33.91% while the assets I traded on lost far more. A poor risk score in this market environment is honestly not super surprising. + +Alright, so we established that this strategy can hold its own in a very aggressive bear market, how does it do during the face ripping bull markets? Here are the backtest results for the 2021 bull market: + +https://preview.redd.it/ffh9a02h87d91.png?width=1128&format=png&auto=webp&s=e66b8b59e82ae2712642688806f6853a789c2957 + +Wow! This strategy really does shine in a bull market, returning close to 40% while the S&P500 returns 26.54%. These returns are backed by low risk potential and a great sharpe ratio of 1.5. Note: the assets I traded on also beat the S&P500 by a solid 11% and still performed worse than Bands on Autopilot. + +**Part 3: Conclusions** + +I designed this strategy with intention of outperforming the market in bullish and bearish periods while remaining consistently risk averse. This balance comes at the cost of huge gains, but you are rewarded with a level of trading safety that is similar to the S&P500 all while producing higher returns. Bands on Autopilot could likely be pushed further with more experimentation and the introduction of stop losses/take profit functions. I plan to play around with that and make a future post. For now, I would love to hear your feedback on this strategy! "The best market strategies are ones that perform in a consistent manner during all market conditions. Risk management is everything when you have everything to lose." +Hey guys, so I currently make $38,000, working full time, 26 years old, in California. My main problem is that I'm paying $820 a month for my health insurance. I have the absolute cheapest plan, with a $7500 deductible. Unfortunately, I don't qualify for any subsidies because I'm apparently super rich and way over the poverty line. + +Out of the 38,000, I take home roughly 30k a year. Out of that 30k, I lose 10k because of the $820 monthly payments. So I'm essentially only making ~$20k. + +My question is this. Am I better off getting a part time job? That way I can make around $21-22k a year, qualify for MediCAL for dental, subsidies, food stamps, etc. So I'll basically be better off, while working less hours. + +Is my train of thought flawed? I can't even tell anymore. I've been having a really rough two years both for my mental health and physically, and I literally can't even afford the copay to see a doctor ($75 per office visit). I feel like I'm working just to survive so I can keep working. I don't want to live like this anymore + + +Edit: Sorry, I just got off work. So yeah I probably fucked up the paperwork. I live with my grandpa and put him as the head of household and his age on the application (age of head of household). I redid the calculator and now I'm seeing plans for $260 for bronze. + +Edit 2: Thank you guys for all the messages, career/life advice, and ways to proceed from this point. I'm reading all the comments and writing everything down. You guys are the best +**SafeGem** launched six days ago. The project aims to differentiate itself from other meme coins, with a team that is incredibly serious in going further, by showing key values like **professionalism**, **transparency**, **dedication** to community and delivering on their promises. The **Official Marketing** hasn't started yet and there is a good reason for it. The token has been growing organically and steadily. **$GEMS** is in a much more favorable position with a **stable marketcap and fair tokens distribution over holders.** We are also almost up to **5900 holders** and our **Reddit, Telegram and Twitter** also grow stronger every day. **I look forward to the exciting updates coming in this week**[.](https://prnt.sc/12gzekn) + +&nbsp; + +**The project’s vision is to conceive a brand-new use case in using the unique benefits the blockchain can offer by creating an exclusive platform that will authenticate precious stones by providing digital certification for gems.** The team is composed of professionals with heavy experience in software development, marketing and operations, that believe that the power of a token is always proportional to the importance and utility of the project, the dedication of the team and the support of the community. **SafeGem** strives to focus on all points with its well-prepared team. + +&nbsp; + +#Overview + +- **Contract coded()** from **scratch** [**0.0 points** at **Rugscreen**] +- **AMA** on the very first day of Launch!! +- **Blockfolio**, **CoinGecko** and **CoinMarketCap** listings requested! +- **Anti-Whale** with **MaxTX Protocol** +- **Anti-Rug** with **Multisig wallets** +- **Utility Token** with a real world use case, **NOT JUST A MEME TOKEN** +- **Secured Marketing Wallets** and **Liquidity Pool** +- **5% continuous burn** and **6% reflection per Trade** +- **6 Days** Old +- **6000+** Holders +- **2300+** Telegram Members +- **400+** Subreddit Members +- **900+** Twitter Followers +- **$3M** MarketCap +- **Hyper-Deflationary** Token +- **Transparent** and **Communicative Team!** +- **Community Driven!** +- **Website Redesign** Announced **[New!]** + +&nbsp; + +#Why the name SafeGem? + +All crypto investors are in the continuous search of the **true gem**. Something that offers great returns, while creating something meaningful as well. We truly believe, that the blockchain offers countless undiscovered ways to exploit its functionalities. Such **new technology** combined with an **experienced** and **dedicated team** with a vision is the ultimate recipe for a **GEM**. + +Residents of the crypto space are well aware, that this world is literally the wild west, and one needs to be extremely careful where they invest their valuable funds. The **SafeGem team** strives to offer the **SAFETY** of a promising project by implementing never-seen-before safety measures in its smart contract. The fact that you can go to sleep while holding this token needs some appreciation. This kind of stuff is not found in newly born BSC projects!! With one of the security features due (multisig protocol), here are some preliminary checks you can do! + +&nbsp; + +- **[Contract](https://bscscan.com/address/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0#code) & [Rugscreen Check](https://www.rugscreen.com/Scan/Index)** ✔️ +- **[53% Tokens Burn Tx](https://bscscan.com/tx/0x4c29312cc29fc69244f7e2f38f83298f476656178a0d1c44cbb256e9f333d78f)** ✔️ +- **[Liquidity Pool Lock](https://dxsale.app/app/pages/dxlockviewv1?id=1950&add=0&type=lpdefi&chain=BSC)** ✔️ +- **[Marketing Wallet I lock](https://dxsale.app/app/pages/dxlockview?id=1&add=0x9861566FE839c341d9b4eb332FBBCF57d921d2c5&type=tokenlock&chain=BSC)** ✔️ +- **[Marketing Wallet II lock](https://dxsale.app/app/pages/dxlockview?id=1&add=0xAF8a841312d1Bc3c76BEa7dBD63cD3A42626ff3f&type=tokenlock&chain=BSC)** ✔️ +- **[SafeGem Holders](https://bscscan.com/token/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0#balances)** ✔️ +- **[SafeGem BNB/LP](https://bscscan.com/token/0x08CB3492e0ed01D0cb472C58A7cEa7Fa8D494C47#balances)** ✔️ + +&nbsp; + +#SafeGem Smart Contract + +&nbsp; + +The purpose of a Binance Smart Chain contract is to provide a baseline for a new token on the market. The contract is built around a standard structure that implements simple and thoroughly tested functions which are elementary for the functionality of a contract and which are part of any smart contract. The perk is customisations and improvements, but team also doesn’t want to mess up something that’s working well. Thus, it is always better to keep the skeleton of a contract as standard and straightforward as you can. On this skeleton, **SafeGem contract is built**, around which devs have implemented from **scratch unique security features** to keep our **holders protected**, that is rarely seen in the crypto space. + +&nbsp; + +##Tokenomics + +Besides the **safety of investors**, the team found it important to also **reward long-term holders**, by implementing functions that offer incredible incentives. One of them is the **6% reflection**, which is the highest passive income currently seen in the crypto space that facilitates gaining tokens without doing anything just by holding them. The other incentive is the **5% continuous burn**, which makes SafeGem hyper-deflationary, making our total supply decrease continuously while maximising transaction value. Besides this burning function, quickly after the pre-sale ended, the team sent **53% of the SafeGem tokens in a black hole/dead wallet**, reducing circulation considerably. The dead wallet is a wallet to which no one has access, but from the contract’s perspective, that wallet is also a holder, and keeps receiving yield as any other wallet, making it even more prominent by every transaction, therefore making the coin stronger and more valuable. The **liquidity pool** is **locked for 1 year** and the marketing wallets are secured for 30 days. + +&nbsp; + +|Pre-Sale|Tokens Burnt after Launch|Devs and Marketing|Liquidity Pool|Max Supply 100%|% Token burn per Trade|% Redistribution per Trade| +|:-:|:-:|:-:|:-:|:-:|:-:|:-:| +|25%|53.25%|7%|14.75%|94,000 Trillion $GEMS|5%|6%| +|✔️|✔️|🔒|🔒|✔️|✔️|✔️| + +&nbsp; + +##Dump-Proof + +Another exciting feature implemented by the SafeGem team is the maximum allowed transaction variable, which is **0.1% of the total supply** of the tokens. Of the **94 Quad** supply, **94 Trillion GEMS** are allowed for a single trade. This will protect the holders against the possibility of **any rug or whale attack**. This revolutionary feature makes the token more powerful and incredibly safe. + +&nbsp; + +##Rug-Proof + +The team’s developers are currently working on our very own customized **[multisignature wallet](https://www.coindesk.com/what-is-a-multisignature-crypto-wallet)** where the marketing budget will be moved. This multi-signature wallet will act as a protective barrier and any access and usage of those tokens will require multiple team members to sign off on. How does this work in practice? Here is a practical example: let’s say we create one multi-signature wallet with 10 owners. At the creation of the wallet, a number of signatures needs to be provided, that will be necessary for this wallet before making any transaction. Let’s assume we will set this number to 7. This means that, for any transaction to be executed from this wallet, at least 7 of the 10 owners needs to agree and sign, and only then any transaction will be able to be executed. This will provide extra security to the funds and a democratic way to decide where the funds would go. + +&nbsp; + +##Digital Certification of Precious Stones + +**In SafeGem’s roadmap, the team aims to implement an NFT contract, which will be used to identify a specific precious stone and assign a unique and specific token with all authenticating information that will contain the specifics of such gem and its creator/founder**. **This will then serve as a digital authentication certificate, which can never be lost, copied, altered or modified, and there will be no need to be deposited in a safe because it can never be lost. The blockchain is the one safe place where one can know, once something is there, it cannot be taken it back. The team strongly believes that the use of the blockchain and NFTs suits perfectly the SafeGem project.** + +This digital certification service will be implemented on a dedicated section on our website, and each partner/customer will have their accounts with which they will create their **NFTs** for their gems and provide them to the new owner once they sold them. This is called an **NFT launchpad** and **$GEMS** will become the **launchpad’s utility token**. + +&nbsp; + +#The Mobile Application + +**The SafeGem team is extremely dedicated and eager to leave a legacy and make their mark in the crypto space.** Besides their main product mentioned above, devs are determined to create a mobile application that will have two main functionalities. **It will serve as a digital wallet**, but the other functionality makes this app stand out of the crowd by **creating a Crypto Education section**, where users can educate themselves on how to safely trade in the crypto world. Among many other aspects, **they will learn how to correctly examine potential investments, how to identify rug-proof projects and how to find so called “gem” projects with true potential and vision.** + +&nbsp; + +#Roadmap + +&nbsp; + +Having a vision means everything for a project. This is what is planned for the next 9 months, but the team takes the community feedback seriously and this roadmap can be changed accordingly. + +&nbsp; + +**Q2: 2021** + +- Smart Contract creation ✔️ +- Website launch and social media channels ✔️ +- Presale ✔️ +- 53.25% of total supply burnt ✔️ +- Blockfolio listing +- Coingecko and CoinMarketCap listing +- Audit +- Marketing plan - phase 1 + +**Q3: 2021** + +- Small-Mid tier exchange listing +- Partnership Announcements +- Marketing Plan - Phase 2 +- NFT Marketplace +- Website rebranding +- Team scaling + +**Q4: 2021** + +- Launch NFT Authenticator via Digital Certificates for precious stones +- Ecosystem expansion +- Large tier exchange listing +- Implementation of Community Initiatives + +&nbsp; + +#Reference + +&nbsp; + +📢 **AMA:** 86a59a59-6e6f-40fe-9741-dc69328443ac.filesusr.com/ugd/3c61fb_ed361a353ec74a6589eda47cc0d77eba.pdf + + +📰 **Latest News:** safegem.finance/daily-news + +✔️ **Litepaper:** 86a59a59-6e6f-40fe-9741-dc69328443ac.filesusr.com/ugd/3c61fb_10289d504f8e4186a85e0b8e7ea92ed4.pdf + + +🚀 **PancakeSwap [ >>> V1 <<< ]:** v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + + +📈 **Poocoin Chart:** poocoin.app/tokens/0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + + +🔗 **BscScan:** bscscan.com/token/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 + + +💬 **Telegram:** t.me/safegemtokens + + +🧡 **Reddit:** r/SafeGemFinance + + +🐤 **Twitter:** twitter.com/safe_gem + +📘 **Facebook:** facebook.com/groups/129798662503678/permalink/129798665837011/ + +💻 **Github:** github.com/SafeGem + +🗞 **Medium:** safegemfinance.medium.com + +⬛ **BlockFolio:** blockfolio.canny.io/coin-requests/p/httpswwwsafegemfinance + + +🦎 **CoinGecko:** twitter.com/safe_gem/status/1387388598446592005 + + +Ⓜ️ **CoinMarketCap:** twitter.com/safe_gem/status/1387726629515014145 + + +🌐 **Website:** safegem.finance/ +Hey gang, so I've definitely been struggling with whether or not to tax-loss harvest my losers, but I feel like I've "discovered" a "have your cake and eat it too" hack of sorts... + +Plz lmk if anyone has done this or do I have things completely wrong. + +In reviewing this document, See Page 57 [https://www.irs.gov/pub/irs-pdf/p550.pdf](https://www.irs.gov/pub/irs-pdf/p550.pdf), it seems that a written options contract does not count towards a wash sale unless it is exercised. + +What this means to me is, potentially, I could realize all my losses on a stock like $PYPL, and immediately sell $PYPL puts, and so long as I don't get exercised within 30 days, it is NOT considered a "wash." So I am looking at the Jan 21st monthly expiration. I THINK in order to avoid a wash on that date, I would have to realize my losses by Dec 21st as the last possible day. OR, potentially the Feb expiration could avoid that pitfall entirely if we are worried about exactly when exercise/assignment officially takes place. + +So, is this not amazing? I'm bullish on $PYPL, I've been buying every dip like a clown, selling lots of puts, digging my grave deeper and deeper. I could realize all my losses YTD, offset my gains by that exact amount, and STILL benefit from being right on the stock by continuing that strategy, just so long as my short puts don't get exercised/assigned within 30 days, triggering a wash-sale. + +I am ready now to accept all of your lavish praise, stickers, and reddit gold, thank you +I've posted many times before and have been in this state of holding forever. I'm a software engineer who wants to find a way to make money on the side. I don't mind my day job but it always would be cool to have something to do on the side that could have some upside. I've bounced around web development, SAAS, app development, and algotrading. I'm not trying to be the arrogant software engineer who thinks just because he can code he can make money on the stock market (although I was that guy ~3 years ago). I understand that these things likely take time and lots of studying, which is also why I realize I'm not sure I'll ever get there on my own. + +Algotrading might have the highest level of mastery required. What I have learned over the past 2 years is I love building systems, but have very little interest in learning about the actual finance. + +Those of you that are in my boat, have you ever teamed up with people that do know the market? One of the ideas that crossed my mind this morning, I have a decent amount of c++/C#/python code that I am sitting on. I had the idea of polishing up my 'system' and approaching it with a mindset of helping established traders quickly automate their strategies (some cases are easier than others obviously). + +What scares me about working with other traders like that however, is not really controlling my own destiny. The performance of the software really is only as good as the algorithm or market logic that is running it. Whereas in other fields as a software engineer it basically could come down to how well of an application/website I build (although I guess marketing could play a factor as well...). + +Anyways, those similar to me who have teamed up with traders in the past, how has it gone? Usually I get a lot of messages of people who think that software will make them profitable, and some real traders. Sometimes it gets frustrating because as an engineer some of these traders talk to you like you are lucky to be working with them, when in reality you are probably just as skilled in your respective field as they are if not more. + +Curious to hear if anyone has any similar experience. +I just got an email from Chase stating that the credit card agreement was changing to include binding arbitration. I have until 8/10 to "opt out" of giving up my lawful right to petition a real court for actual redress. + +If you have a chase credit card, keep an eye out. + +**Final Update:** + +>Here's Chase Support mentioning accounts will not be closed + +>https://twitter.com/ChaseSupport/status/1135961244760977409 + +/u/gilliali + +**Final, Final update:** A chase employee has privately told me that they won't be closing accounts. This information comes anonymously. +Most post I see here are about buying cheap properties that cash flow.. I want to invest in the area I live in, which means buying a home in the 400-600k range that clearly will not meet the standard 1% rule guidance. I am okay putting down a large down payment in order to make the numbers work. Is that what people typically do in these areas? There are also a lot of new builds in areas that are developing rapidly that I KNOW will be desirable and rentable to a great pool of tenants. But for some reason new builds seem taboo here. If I can buy a new build in a great area for 500k, should I do that if the math works with a big enough down payment? I know it’s not optimal to scale a massive portfolio this way but if my goal is to have a small portfolio of SFH and townhomes in this area (3-5) and have them paid off to live off of the income - it seems that this is okay. Will someone explain a counter mindset or confirm there is nothing wrong with buying more expensive homes in more upscale areas? Thank you +Posts where people buy VWCE and add some "picks" in form of single stocks are very popular in this subreddit. Most popular picks are ofcourse from FAANG and tech ranks. The most common argument is they so with 10% which they consider play money. + +What I want to do here is point out that since VWCE follows the FTSE ALL WORLD index which includes these heavyweight companies, they are already very heavily represented in the index. + +From the VWCE Factsheet: + +|**Top 10 holdings** || +|:-|:-| +|Apple Inc|3%| +|Microsoft Corp|2.8%| +|Amazon Inc|2.1%| +|Alphabet Inc|1.9%| +|Facebook Inc|1.1%| +|Tesla Inc.|0.8%| +|TSMC|0.8%| +|Berkshire Hathaway|0.8%| +|JPM|0.7%| +|Tencent|0.7%| +|**Total Top 10**|**Approx 14.7%**| + +Which means by buying addional stock from these companies you are hurting your diversification immensely. + +This post has 2 purposes: + +* I wanted to point this out to people who were not aware of the fact. +* I am interested in opinion and reasoning of people who decide to overexpose themselves to single stock. + * Are you aware how much you already are exposed to a particular stock before diving further in? +The ECJ has ruled illegal the requirement Spain's taxman had for their residents to declare any foreign assets of a value bigger than 50.000EUR. I could not find any source in English, so here's a Spanish one [https://www.eldiario.es/economia/justicia-europea-ve-ilegal-modelo-720-obliga-residentes-espana-declarar-bienes-extranjero\_1\_8692550.html](https://www.eldiario.es/economia/justicia-europea-ve-ilegal-modelo-720-obliga-residentes-espana-declarar-bienes-extranjero_1_8692550.html) + +This was a bit of pain in the ass for spanish investors that wanted to use brokers outside Spain (e.g. Degiro), as they risked fines of at least 10.000 EUR per "undeclared piece of data". +"Total nonfarm payroll employment rose by 266,000 in April, and the unemployment rate was +little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Notable +job gains in leisure and hospitality, other services, and local government education were +partially offset by employment declines in temporary help services and in couriers and +messengers. " + +Expectations were that unemployment would fall to about 5.8% for the month. More [here](https://www.bls.gov/news.release/empsit.nr0.htm) and [here](https://finance.yahoo.com/news/april-2021-jobs-report-payrolls-labor-department-unemployment-181552009.html). +I've been seeing this shit go rampant the past few days, and I feel like I gotta say something. + +Charles V Payne is not your friend. + +[Here he is Retweeting a shilly ass article attempting to paint retail as highly coordinated risk on the market.](https://preview.redd.it/5mop84ymbn771.png?width=597&format=png&auto=webp&s=415bd325af02f68c0ff1ccffb4ffe8960e1ca5fa) + +LINK to ARTICLE: [https://www.ft.com/content/dcd86860-09ed-420e-a5cc-d6d281863c03?fbclid=IwAR25FLLJ0sRi\_WiJaTFZEelszYTjHmXWzz2szjiCD2LS75uNQMRVklKJ0pU](https://www.ft.com/content/dcd86860-09ed-420e-a5cc-d6d281863c03?fbclid=IwAR25FLLJ0sRi_WiJaTFZEelszYTjHmXWzz2szjiCD2LS75uNQMRVklKJ0pU) + +Like what the f\*\*\* is everyone doing? + +No one on Mainstream Media is your friend. If they were, they'd be fired. + +So ask yourself why he hasn't been? + +Here's a few snippets of the article. + +https://preview.redd.it/uz9cr7lxbn771.png?width=677&format=png&auto=webp&s=7b56db126cddc8a1d70e16454b3fcb7c0a826eab + +https://preview.redd.it/kp2x5zvybn771.png?width=680&format=png&auto=webp&s=460814577be7cad71324b0c96670643ff7ea74ec + +https://preview.redd.it/0fuo6wozbn771.png?width=679&format=png&auto=webp&s=3eddc896a7efa8ca64528c816a929796c1d53f6f + +Kinda seems like everyone's forgetting they're running a multi-million dollar campaign to make HF's look good.[https://ca.finance.yahoo.com/news/hedge-funds-launch-effort-boost-090000756.html](https://ca.finance.yahoo.com/news/hedge-funds-launch-effort-boost-090000756.html) + +I called him out on the tweet and he hasn't responded yet. + +Don't be afraid to call these ~~fuckers~~ Shills out. They're not your friends. + +STAY ALERT. Fucks sake.. + +Edit: Sorry I forgot to link the article. + +&#x200B; + +Edit 2: + I'm not trying to cause a firefight here. +I apologize for misleading. +I am simply saying keep your eyes open. Don't let a simple act of kindness sway your view. +The only people we can trust are the ones who are working to turn GameStop into the place everyone buys their games and tech from: **RC and Team**. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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What is your top picks or your portfolio looking like? +Holy shit, gamestop twitter comes out with some very small hype/hints about NFT market place launch on friday and suddenly ken griffin is on tv going total batshit, which of course got all our attention at that moment. But the market place did not launch, but kenny still responded like it did. + +Kenneth Griffin just got flashed by Ryan Cohen +One of the main reasons why some people hate NFTs is cause they have no utility. And while it’s true that JPEGs don’t serve any real use cases, that doesn’t mean that NFT are bound to JPEGs alone. + +Its a bit of shame that developers and the crypto community as a whole didn’t dig deeper into NFT technology in a way that brings out use cases. They instead focused more on multimillion dollar JPEGs because it raked in more money. + +There are a ton of utilities that come with NFTs. +NFTs can be used for tickets to events and anything else that requires proof of purchase. This will most definitely put an end to forgeries. + +NFTs can also be used for things like streaming. We’re already seeing some developments in that area with Hedera’s Tune fm gaining more and more traction. This entire subject is one of the main reasons why Hbar foundation allocated a quarter billion to introduce new devs and projects to their NFT marketplace. + +Also one of my favorite utilities is that brands (especially clothing brands) can use NFTs as barcodes unique for every item in order for customers to scan it and make sure that its not fake or counterfeit product. + +A lot of people are saying the the NFT marketplace is “dying” but that’s just a natural reaction to a global and crypto market crash. People will be more focused on the essentials rather than NFTs. +However, I do believe that if we, as a community, start focusing on expanding the uses of NFTs, the later will have a much better time during the coming bear markets later on. +/r/Ethtrader used to be a place where people would share news and analyze the current situation of Ethereum and make predictions on what their next trading moves are. With the influx of new "traders", this place has turned into a meme-fest and new buyers trying to give motivational advice with every dip like the end of the world has come and need to provide moral support like they were shot and dying. + +Seriously, the crypto world is a blessing where everything is unregulated and you can make serious money. Buy dips. Don't make panic market orders. Analyze trends and make plans and stick to them. + +If you really want to make money, take a look at the charts for every coin on major exchanges. They are ALL in profit unless you were dumb enough to not catch a dip. This place has turn into /r/EthereumCircleJerk (Someone make this please to rid of the garbage). + +Money is to be made BOTH ways up and down by being smart. If you are HODLing, nothing wrong with that but you aren't a trader. You are a HODLer, which is fine. HODLing is a strategy, but please stop posting into /r/ethtrader. The amount of useless posts and downvotes for serious analysis is messing with the real traders. + + +**There are two types of people:** + +**HODLer:** Buys and rides the waves up and down. Gets high from euphoria on making money and provides moral support to everyone to make themselves feel better by trying to convince people to hold and not sell so the price doesn't go down. Downvote all negative news while upvoting positive news. Will defend their investment to ensure the reputation doesn't get damaged to ensure the price keeps rising. + +**Trader:** Analyzes the current market situation, finds new potential investments, keeps up with news of the market to exit or enters positions. Downvotes or upvotes people who disagree or agrees with their decision. Asks questions for the sake of making more money. + +Neither is wrong or right. + +It's the just /r/ethtrader has turned into moon or moral support and the real trading advice has become muddy from the HODLers. If you are HODLer, please stop being so active and find/make a new subreddit for the moral support and rejoicing. + +**STOP DOWNVOTING REAL TRADING INFORMATION.** + +Look at what this place used to be years ago (Daily threads) to what it is now. Actual trading advice. + +Jesus Christ. I have been in the trading crypto scene for way too long and its sad to see what it was to what it is now. I've been through the downs of losing $50,000 in a week to ups of making plenty more. Losing money on exchange hacks to riding super pumps like EXP. + +Really think before you post.... Is what I am saying or upvoting/downvoting trading information or is it some garbage move because it is fun. Real money is on the line here and the garbage I am seeing these days makes me realize we are in a bubble and it will all come tumbling down when there aren't enough relatives and friends for the new crypto "traders" to reel in. This bubble may not pop right now, but really realize that this euphoria won't last forever and eventually it will correct and if you don't take the time to see the big picture and learn what trading is, people WILL get rekt. This isn't the moon post anyone wants to hear, but try telling that to the people who know how markets work. If you are new, heed my words that you better start learning how markets work or else you are just a fool who found a fun train to ride on and made some money for now. The crypto markets aren't the traditional stock markets. Small ripples turn into big ripples and money doesn't stay in crypto forever because fiat is what most people are gauging their portfolio by. + +Good luck to everyone no matter where you stand, whether for the tech or for the money. Greed is the root of all evil. + +**HAVE. A. PLAN. AND. STICK. TO. IT. if you don't, MAKE. A. PLAN.** +For my Economics class I have to play some weird ASX game where you get a fake $50,000 dollars to trade over an ASX simulation for the next few weeks, any advice on what the hell to invest in? Any advice will be greatly appreciated. Thank you. + +&#x200B; + +Edit: thanks for all the good advice, I will invest now +The hottest community driven coin on the block! With nothing to lead our way except a mysterious note that the developer left in the code of the contract, this band of misfits has banded together to attempt the impossible. We're here to push the limits of what a community coin can achieve, with the dedication of every Dreaming Ape behind us, APEDREAM is here to not only help restore faith in DeFi, but to prove that a community of Dreaming Apes can UNITE and bring their dreams to life. + +&#x200B; + +First confirmed Zoo Partnership in Lithuania! APEDREAM will be working alongside zoologists and researchers to develop a breeding program for the Cebus Apella, or as it's commonly known, the Tufted Capuchin. + +&#x200B; + +Use your $AD to sponsor a primate from partnered zoos around the world! Your sponsorship will help an endangered species survive. The Apedream team will organize donations for funding scientific research in endangered ecosystems, as well as committing the project to assisting the development of a long-term solution to the negative factors that impact the primates living conditions, driving them to the brink of extinction. + +&#x200B; + +Fill up your $AD bags heavy now! Marketing campaign starting soon! + +&#x200B; + +📞Join our telegram: [https://t.me/APEDREAM](https://t.me/APEDREAM) + +\*HEAVILY SUGGESTED TO JOIN - talk to us on voice chat!\* + +&#x200B; + +Website: [www.Apedream.com/home](https://www.Apedream.com/home) + +&#x200B; + +📰 Contract: 0xc85b8650b189892ce72ed5f1c3fbfba5e3990127 + +&#x200B; + +❌ BURNED LP + +&#x200B; + +✅ Verified contract with renounced ownership on BSC for safety + +&#x200B; + +🧱 Total Supply: 1,000,000,000,000,000 token. + +&#x200B; + +🔥Burnt Supply: 900,000,000,000,000 + +&#x200B; + +🦍 Circulating Supply: 100,000,000,000,000 + +&#x200B; + +TOKENOMICS: + +&#x200B; + +🐳 Anti-Whale Protocol - 0.5% of Total Supply Trade + +&#x200B; + +🔥 5% to Liquidity Pool + +&#x200B; + +🔥 2% Distributed to Holders + +&#x200B; + +&#x200B; + +Don't let your dreams just be dreams. I cordially invite you to this merry band of Dreaming Apes. Let's reach the moon all while helping our primate brethren back on Earth! + +&#x200B; + +Ape together, strong. +Hey guys. I just want to bring awareness to phone number phishing. Most of us here are pretty broke and probably living paycheck to paycheck, but if you are someone that has a contracted cell phone account with one of the big four, Sprint, ATT, Tmobile, or Verizon, this message is for you. I work for one of the big 4 carriers. + +&#x200B; + +The phishers steal your pin ... somehow. Either they phish you with a spoofed text or phone call, they hang out at Bestbuy and listen to you speak with an actual bestbuy employee, or they are a legit employee that sells your info, or your info is on the dark web. + +&#x200B; + +Next, the phisher calls in with your name, pin, address, and phone number. Sometimes they don't even know what phone number they're calling in about. It might be your 8 year old's phone number, it might even be the number attached to your apple watch or your tablet. Or, it's YOUR phone number attached to your bank account. + +&#x200B; + +While they are calling in to get your account number, they are at Walmart or some other indirect authorized retailer purchasing a tracfone or straight talk phone. They immediately set up a port to take your number to their burner. + +&#x200B; + +Within minutes of completing the transaction, they access your bank account. The bank account sends a secure verification pin to YOUR phone number, which is now on their phone. + +&#x200B; + +Ta-da. Your bank is then emptied via paypal, venmo, or 7 giftcards at walmart. + +&#x200B; + +A couple hours later, your child or friend is trying to call you, but they can't get through. They send you a text (which will probably work if your phone is on wifi). You call in to get tech support. You learn your number has been disconnected. You then put 2 and 2 together. Earlier, your bank or credit card company alerted you to suspected fraud. + +&#x200B; + +You now have to file a police report for identity theft. And did you know that stealing a phone number is not a crime, and many police departments WILL NOT FILE A REPORT? The only way to file the report is to bring proof from your bank or your credit card company that someone attempted to withdraw funds (or were successful.) + +&#x200B; + +Now, anyone that texts or calls your phone number goes to the person that stole it. If you are a business owner, your clients are calling and potentially leaving their identifying information on voice mails or texts. And the process continues. + +&#x200B; + +**TLDR; I urge you, if you have a postpaid contracted account with the big 4, call customer service and request a port freeze or port protection. Ask for specific "hot remarks" or notes on your account stating to NEVER allow a number to port out. Because you are a target and you don't even know it. Never give out your pins, passwords, or last four of your SSN. If anyone EVER contacts you and tries to tell you that your account is compromised and they need one of those things, they're fucking lying. We will** ***never ever ever ever ever*** **call YOU and ask for your pin over the phone. We do a COMPLETELY different type of verification if WE call YOU.** + +&#x200B; + +**Edit: Lots of people asking about prepaid accounts, I don't see it happen often, but it does happen. My speculation is because there is no SSN attached to prepaid accounts, it isn't going to be useful to try and take the account. With postpaid, your SSN and address will always be there if you try to break into someone's account.** +Short answer: NO + + +Do you younger guys/gals feel that gnawing uncertainty ? + +Do you feel totally shaken ? + +Have you ran through all the different scenarios of what can possibly come from this virus ? + +Well this is exactly what it feels like when you're staring into the unknown. This is my 4th major financial upheaval. Everyone of them different from each other but all them equally scary. It doesn't have to be but it's how we're hardwired as humans. It's in our DNA. The guys/gals who are able to override the initial rush of fear are the ones who will make money in all of this. + +Yes, I understand that this one is different from the others but they're all different from each other and make no mistake about it ...... I am very much at risk here. + +My prediction is, the country goes on a 60 day timeout ..... no mortgage payments, no cc payments, no interest, no taxes ... nothing. And then when the uncertainty is over, the markets roar back, higher than they were 3 weeks ago. + +Of course, I could be wrong. I'm generally an optimist and maybe i'm kidding myself but markets come back .. they ALWAYS do !!! +In the meantime I refuse to idly sit by and feel helpless .... I assure you someone will let the fear take over and I'll be there to capitalize, so for now this shark is on the hunt for deals ! + +Buckle up motherfuckers .... this is going to get interesting. +So I purchased a quad a few months back. + +I quickly found out that the tenant in one of the units is crazy. + +She claims there are people walked around her unit with no legs, etc. + +Anyway she was making all the other tenants uncomfortable. + +She’s MTM so I gave her a 60 day notice that I would need the apartment vacated. + +At first she was cool about it. Even said she found another place to stay. + +She said she can’t pay rent for Dec so she can pay first lady and deposit at this new place. Whatever, fine. + +Anyway. Three days ago she give me a call saying she’s not leaving. She owns the building now and if I want her out it’ll have to be by a judge. + +If she want to go that way, that’s also fine. We are in Ohio so evictions are fairly strait forward. + +Since she hasn’t paid Dec rent I can file a 3 day notice to quit for non payment and start the 45 day eviction process. + +The issue is, since she decided she wasn’t leaving she’s been destroying the property by poring water all over the floors. + +Is there a fast way to get her out? Like a special type of eviction for damage of property? +A lot of people on this sub have been sounding pretty depressed, anxious, scared about their portfolios in the past week or so. This is a friendly reminder that if you were shitting your pants during this morning's sell off you may have way more risk than you can tolerate. You may want to take advantage of this afternoon's bounce back and sell out of some of your more speculative and risky penny stocks and pick up some more stable investments like index funds, broad ETFs, quality companies (banks, life cos, energy etc etc) so that you don't truly lose your shirt. +I am writing the FBI about XRT SI% and it's potential impacts on GME since I don't see anyone else doing shit about it. I am not the most market savvy person but I think I have enough information to know I (and all of us) am being defrauded constantly by hedge funds, market makers, authorized participants, and our brokers. + +The entire market is fraudulent when ETFs can simply be created at will in any number to shift a short position from an individual asset into a basket that isn't reported on. The market is indeed not free. + +Here is the link for anyone who wants to file a complaint. I called my local FBI office and they guided me to this website. Google "FBI internet crime" if you don't want to click the link. + +[www.ic3.gov](https://www.ic3.gov) + +&#x200B; + +https://preview.redd.it/03ilo27stuc81.png?width=1239&format=png&auto=webp&s=071034f77c284c5a79da5020407a3d3465d61a4a + +note : forgive any ignorance in the FBI complaint from my end - I figure something is better than nothing + +&#x200B; + +EDIT: I called the local FBI office and they pointed me to the internet crime group. I clarified on the call that this was a market issue and the agent reassured me this was the way. Feel free to call your local FBI office as well to see if this is indeed the way. not financial or legal advice. + +&#x200B; + +EDIT 2: We all know the FBI has been involved in false flag ops, agent provocateur activity, domestic terror planning, etc.. but please stop the binary thinking. I don't "like" the FBI, however me complaining to them IS THE ONLY ACTION I HAVE OUTSIDE OF DRS and buying ATM calls. So if your comment is "FBI lul" or whatever other not clever comment you have please save it for the anarchist or libertarian subs. + +If you play the victim you will be victimized, step up and take the action you can. Fuck or be fucked. + +&#x200B; + +EDIT 3: Never had a post with so much traction. Trolling the trolls is more fun than I ever imagined it might be.... I'd highly recommend it to anyone who hasn't tried! + +Also thanks to anyone taking what action is available to you. Good to see people sticking up for themselves in the small ways we can. +How would you handle 200,000 dollars to maximize future returns? I inherited a life insurance policy and am attending medical school. Should I pay my tuition and living expenses to minimize debt, or should I invest to make my money work for me over time? +https://www.bnnbloomberg.ca/canada-sheds-record-1-01-million-jobs-in-march-1.1419622 + +Also, the US FED is a market manipulator. Printer goes brrrrrrr +Can you share your experience? + +1. The level of your schools recognition? +2. Did/Do you have only a Bachelor or Masters too? +3. The interview steps? +4. How did you prepare for the interviews? +5. Personal projects that you had during that time? +6. Any details on the interview that is not spoken a lot? +7. Are you HFT or day trading in general? +8. Did you have any ML in your interview? + +&#x200B; + +Thank you +Oil prices are getting progressively lower, Keystone pipeline is nowhere near enough to send Suncor and CNQ up 30%. No price war resolution in sight. + +Coronavirus peak is not close to coming. + +Q1 earnings are coming up = bloodbath for every company except grocers. + +Unemployment up a record rate throughout North America, will continue in the next few weeks. + +Quanrantines are continuing for another month at the MINIMUM = business suffers. + +*Other than pumping money into the economy and helping inflation skyrocket, there is literally nothing propping up markets right now other than FOMO. Those people telling you all this terrible news is priced in are the same people bagholding after buying when things were at all time highs. We will retest the lows of 2 weeks ago very soon. Maybe wont surpass those lows, but it'll be close. +Having not been through a recession before with stock investments - are any of the longer term investors able to share insights to what they have done before during a recession? + +Cut losses and wait for the lows? +Ride the wave? Wait for a rebound? + +Any information would be great! +I've owned rentals for about 4 years. I just rented a new construction townhome in a class B+ community to a family that has two emotional support animals (small dogs). We advertise as pet friendly and we charge a VERY small deposit and monthly fee. They got their support letter the day they signed the lease so we are not charging anything. I visited the property a few days after move-in to fix a small item. The have dog pee pads on the floor with urine everywhere. The floor is sheet vinyl. I sent them a letter yesterday advising the this is causing a health and property damage issue. No response yet. What would be your next move? For context: PA. I own 4 rental properties total. They have been here less than a week. +Am I missing something here? Who gives a crap about CNBC? Actions speak louder than words. And we just watched some serious action unfold, in the form of 20 MILLION SHARES being dumped by institutions. That's more than a third of total institutional holdings! How can this be anything other than an organized institutional effort to tank the price? + +I'm gonna speculate a little here, but I think we can infer from their behavior that there was some kind of agreement in place. If liquidity were running out, and MOASS seemed near, these institutions MUST have all agreed to return their real shares to the DTCC pool to be used as ammo. Sell the shares, borrow against them and sell the borrowed shares, return some shares to bring down CTB, whatever it takes to shake things up... this could perhaps be a last desperate bid to turn the tides in SHF favor. I think we were close. REALLY close. We all saw the 10%+ price spikes on the lit market a few weeks ago, which were quickly beaten back down. I think those were the result of extremely low liquidity, and the dumping of institutional shares must have been a response to that. + +Can anyone answer basic questions about this event? How many institutions were involved & over what time period did this coordination unfold? Was this a handful of institutions dropping their position to zero, or many more institutions cutting back by a percentage? + +To me, this event is MUCH stronger evidence of mal intent than anything a bunch of talking heads on CNBC can put out there. It's perhaps even stronger than the DTCC committing international securities fraud, because it speaks to a level of coordination among many parties. I would have thought we'd be focused so much more on this shift than we are. What am i missing?? +I have 5-6 weeks worth of sick leave built up. Originally it was one of my safety nets (I mean, it still is) for if I fell ill for long. I’ve taken sick leave 1-2 weeks before for cold/flu. I’m not the type to chuck sickies all the time and will use it legitimately. + +As of late, my workplace suck. A lot. I know a lot of my colleagues will chuck a sickie at least once a fortnight and many of them even in negative balance. + +Also, in the meantime I’ve also hit coast FI and I feel pretty comfortable financially. which makes me think that even if I didn’t have the sick leave, I will have the money to cover for myself anyway. In saying that, I would never go to negative balance. + +Lately I’ve been really wanting to take days off especially for mental well-being. With family issues, Covid, work stress, I find myself crying/being very upset at least once every 2 days and I’m needing more personal days off. + +I feel guilty about taking sick days. But should I? At the same time I also feel like I’m entitled to those days and I shouldn’t feel guilty for using them. I don’t think I’m burning bridges - I work in one of those massive companies that has hundreds and thousands of employees so HR would only know me by a number anyway. Also to add I don’t want too much leave banked up and if I ever quit the company, I just lose it all. + +How do you guys feel about this entitlement? Do you use it as it becomes available or are you guys really saving it? Can I ever be rated negatively for using too much sick leave by HR? I assume no cause everyone else is doing it? Would be nice to hear your thoughts. + +Edit: thanks everyone for the reply. Got it. It’s my day and get rid of the guilt. Thanks again. +The dentist's office confirmed they accepted my insurance over the phone. However, when I got there for my appointment and they did the preliminary mouth check, they told me I'd require a different kind of cleaning procedure which my insurance wouldn't cover and I'd have to pay out of pocket for it. I needed it done, so I agreed, got the cleaning, paid and left. + +A few weeks later I got a call from their billing department telling me that I owed them some money for the visit. I told the lady I had already paid out of pocket. The lady checked the system, told me I was correct and we hung up. + +This got me thinking. I called my insurance to see if the dentist's office had filed a separate claim. They confirmed that a claim was indeed filed, and that they had paid the dentist part of the procedure fee. The dentist's billing dept was reaching out to me to collect the balance. + +My insurance provider has confirmed that this is fraud, which the dentist's office committed knowingly since the billing dept lady didn't mention to me that they had filed a claim. + +I can just call the dentist and ask them to refund me the whole amount, or what ever they collected from my insurance, but I'm pissed that they did this, and want to see what other options I might have? It's not right that they're scamming people like this! + + +**Edit**: Thank you guys. I was pretty upset after talking with my insurance today. But after going out for dinner and coming back to the responses here, I feel... more calm. I'm going to speak to my insurance and dentist tomorrow. My insurance's benefit summary says that cleanings are covered 100%. I'm going to talk to them and find out exactly how much I should have paid for the type of cleaning I got, and then call my dentist and speak to the dentist herself and explain the situation. I'll take it from there, and If they give me a hard time refunding my money, I'll threaten to report them to my state's insurance commission and dentistry board. + +**UPDATE**: Jesus Christ insurance is so damn convoluted. I spoke with both my insurance and the dentist's billing department today. I got the full bill from the dentist's office, and the claim they filed with my insurance. In summary, what I got done at the dentist was: + +* A Full Mouth Debridement (FMD)- This is the 'deep' cleaning, and it is 50% covered by my ins. + +* Intraoral and panoramic X-rays (only one X-ray is covered 100% per 6 month period) + +* Comprehensive oral examination (100% covered) + +What I paid for out-of-pocket was additional stuff they had to do to perform the FMD, stuff which isn't covered by my insurance: + +* Irrigation per quad x2 + +* Peridex + +* Orquix + +* Panoramic x-ray; The intraoral x-ray was the one covered 100%. + +The claim they filed with my insurance was for the comp exam, x-ray, and FMD, and they got the pay out for the portions that my insurance covered (the codes check out). And the rest I was responsible for out-of-pocket. + +There's nothing I can argue here. Unless I can prove that the additional stuff they did to do the FMD, stuff that wasn't covered by my insurance, was not required. Perhaps some dentists can fill me in on that? Otherwise there is no refund. + +That being said, non of this was properly explained to me at the time of the visit; I walked out with the simple understanding that my insurance wouldn't cover the cleaning, which is partly true. Like some of the people who have worked, or are working, at a medical office here have said though, because of how different insurance plans and coverages are, the office won't know about the full break down until after the claim has been processed. After which I feel like they just mess around with the numbers until they get their max monies. And the reason I say this is because what they billed my insurance, and the charges I was told and what I paid for in my bill are different. My guess is that they see what the max the insurance will pay out, and then mess with the charges for the other items on the bill to get their total? This is all speculation of course. Regardless, it's so fucking confusing, and unnecessary IMO. But that's a whole other discussion. + +Thank you again guys. I got some great answers here, especially from the people who tried to explain how the whole billing aspect of this process works. I found those insights interesting. I was ready with my pitchfork... But it turns out that this whole (insurance) system we have to abide by is incredibly complex, making it difficult for patients to make sense of what they're being charged for. +Hi. What are your opinions on Smith and Wesson stock? 10 year average free cash flow yields ~13% at 14$ and the company plans to use that money on dividends, share repurchases and organic growth (source 10-K). They also have good profitability at over 40% gross margin and 20% net margin (source Investing.com). Any info on the industry or Smith & Wesson in general? +Hello again, Reddit! + +A couple of weeks ago, I posted here looking to speak with new investors for a Financial Post story. I profiled 10 of them and wrote about their individual investment strategies: [https://business.financialpost.com/investing/money-to-be-made-meet-the-new-retail-investors-flooding-the-market-amid-the-pandemic](https://business.financialpost.com/investing/money-to-be-made-meet-the-new-retail-investors-flooding-the-market-amid-the-pandemic#pyndiura) + +I then wrote about how this new wave of investors is changing the market and why they don't fall in line with the Robinhood and Dave Portnoy stereotypes: [https://business.financialpost.com/investing/how-the-new-retail-investor-mania-is-changing-the-stock-market-game?video\_autoplay=true](https://business.financialpost.com/investing/how-the-new-retail-investor-mania-is-changing-the-stock-market-game?video_autoplay=true) + +Thanks for your help! +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! + +I gave notice 5 weeks ago, and today they fed me cake and kicked me out. The farewell party was more fun and less awkward than I had feared. + +I'm about as stereotypical as it gets on this sub. 37M engineer, 15 year career doing R&D for a giant corporation. Wife worked for the first couple years, then was a SAHM for our 4 kids. I went to school on a scholarship but my parents gave me the money they had saved for my college anyway, so between that and the second income for a few years we had a huge headstart. We're both frugal by nature and have had a SR over 50% for my entire career. I've been borderline FI for quite a while, part-time for the last 3.5 years, since my youngest was born, but now I finally consider myself RE. + +It was easier to tell people I'm going into teaching, so that's what I told people. I enjoy subbing and volunteering in the schools and I might even get a certificate, but for now I'm taking the summer off to camp, go backpacking, and catch up on the HoneyDo list. + +Wife still works one day a week and I do expect to have a little side income, but ignoring that the WR is a bit under 4%. We give a lot to charity, so I have some flexibility if the long-awaited crash actually materializes. + +I turned in my badge less than an hour ago, so I'm still waiting for it to feel real. Maybe Monday morning it will finally kick in psychologically. + +Anyway, it's a happy day. Thanks for letting me share:) + +ETA: Lots of people asking about health insurance. That was the biggest concern. I'm in upstate NY, my kids will cost $27/mo total for CHP, and my wife and I will pay $800-$700=~$100/mo after Obamacare credits. Next year when I don't have 5 months of salary we'll qualify for an even cheaper plan. + +ETA2: This is reaching outside the regulars of the sub. Google "the shockingly simple math of early retirement" and click the Mr money mustache link, and "the ultimate guide to safe withdrawal rates" and click the early retirement now link. Those two make a good primer for why what I'm doing might not be crazy. + +ETA3: It turns out about 5 years ago I outlined my own plan for getting at retirement dollars before age 60, so for those who are wondering how that's possible, check out: https://www.reddit.com/r/personalfinance/comments/1ot49l/tips_on_saving_for_a_frugal_early_retirement/. + +ETA4: Several people have requested some numbers. I typed it all out, but I can't bring myself to post it, not sure why. Self-conscious, or feeling a need to justify/explain stuff, or something. Here's the best I can do (and even this is making me uncomfortable for some reason): + +|Year|Age|Assets|Comment| +|---|---|---|---| +|2003|22|~$100k|Got married! Started working in 2004, wife was already working in 2003| +|2008|27|~$250k|By dumb luck we liquidated stocks to pay off our first mortgage, dodging some GFC, but still, that year was tough. I got ulcers. Stayed 80/20 for as much of the recovery as I could, but eventually (2011ish?) went to 60/40| +|2013|32|$620k|Started reading MMM around this time, and planning for FIRE. Went 65/35 around 2015ish| +|2018|37|>$1000k|Hitting $1M was a major milestone, and when I really started researching health insurance outside work (which was my wife's main concern since 2013)| + +We decided to do it this year in February, and I gave notice in April. I'll keep things brief here, but if you want more details, [this](https://www.reddit.com/r/financialindependence/comments/7oq4le/anyone_with_kids_and_a_wife_fire/dscjx82/) is a good place to start, I guess. +Apes sending letters. +Emailing concerns. +Doing polls and surveys. +Urging shills to whistle blow. +Incredibly hard to read documentation. +Gg fuckshow report. +Rule changes. +P0rnhub. +And so much more. + +It’s all pointless. It’s theatrics. It’s smoke and mirrors. The SEC is literally there to fool us into thinking they’re there for us. I know there’s been dd done on this topic but it still seems that apes have hope in the SEC. + +Your letter gets thrown in the trash. +Your emails get deleted. +Your polls and surveys are used to get a pulse on us. +Shills won’t whistleblow because they don’t fucking know why they’re doing it and who the 3rd/4th funding party really is. +Whistleblower “awards” are a complete crock of shit. Never even existed. There to fool us into thinking they’re doing something. Fuck off. +All fillings look like gibberish unless you’ve been to law school to confuse the common folk. +Don’t get me started on that stupid fuckin report. +All the rule changes and additions did fuckshit. +And whatever the pornhub shit was, like why? + +I cant even say go fucking do something because I know you’ll never. No wonder why el0n says the sec is pieces of trash. Fuck you Gary you snail looking fuck. +This is pretty messed up: + +https://twitter.com/AndreTilban/status/1252048132260626435 + +Unfortunately most oil quotes outside of brokers is delayed by 2 days, so it's difficult to confirm atm. +Just when I moved my money to supposedly safer options like the larger names in IT, this happens + +https://timesofindia.indiatimes.com/business/india-business/anonymous-employees-allege-infosys-is-dressing-up-its-books/articleshow/71681913.cms + +It is becoming really hard to invest anywhere in India! +Regulators are now allowing AMCs to invest in international stocks again, but with a caveat. They haven't raised the limits directly. AMCs can, however, take advantage of falling markets to invest overseas to the extent of their international AUM as of Feb 1, 2022. + +https://www.moneycontrol.com/news/business/mutual-funds/amcs-can-invest-overseas-to-the-extent-of-their-international-aum-as-of-feb-1-2022-report-8712221.html +Background story: + +My wife had some money in the savings account. Her account manager from IndusInd Bank asked for a meeting to explain a new investment option. The person explained that it was a Tax Free investment for a 15 year period like PPF and would give a return of 9% which is higher than PPF. It seemed all good, they took her signature on a KYC form and cancelled cheque. I asked them about the plan details and they said they will share the next day. In my absence, they asked my wife to get an online verification as per procedure. The numbers weren't discussed at all. + + +After 15 days, we received the policy of Tata AIA details, I was a bit surprised since the policy was initiated with no discussion on the numbers. When I saw the policy details, the returns were 4.5%. I immediately connected with the IndusInd guys to explain this and I wanted all the calculations on mail. I got a half baked calculation sheet which clearly was showing 4.5% return. Now the policy had seven years of investment and cancellation had heavy penalty. I told them, it's not acceptable and you need to cancel this without any penalty. But they didn't have the authority to do it and it would also mean accepting their mistake. + + +Action taken: I contacted Tata AIA directly mentioning that this was a misrepresentation of facts. Thankfully they were willing to accommodate. In next two weeks I had interactions with Tata and IndusInd, their representative came over personally along with IndusInd. The IndusInd employees were unable to explain the numbers and after 3 weeks Tata AIA approved the cancellation with full refund. IndusInd employees or senior management were not at all responsive or helpful in this case. + + +Learnings: Don't make investments through banks, they have preferred vendors and they will oversell to get more commissions. They don't care if you lose or make money. + +This is my second such problem with IndusInd so I will advice everyone to stay away from them if possible. Their policy is to just make more money out of customers. + + +TLDR +Don't trust banks in my case IndusInd for third party investments. Specially warn the people around you who don't understand the calculations. Its better to make investments through good brokers whose fees are linked to your returns. That way they also work hard to get more returns. +# Gold exploration & results – brief introduction + +This is a compilation of *some* of the things to consider when assessing a gold mining exploration company and its assaying results. + +**Disclaimer:** I am NOT a fucking geologist or expert or anything like that. + +# Resource classification & type of drilling + +For companies with a JORC, you will typically see 3 terms. Measured, indicated, and inferred. Measured resources have the highest degree of confidence, indicated have a reasonable degree and inferred are very speculative. It is important to look at what % of the JORC is comprised of by each category. The more in the measured and indicated categories, the better. This leads on to the next point of infill drilling vs step out drilling. + +**Infill drilling:** *Convert* current resource from inferred to measured & indicated. + +**Step-out drilling:** *Add* to the current resource. + +This is important as these will have different effects on the share price. With infill drilling, it will be the typical expectation that it returns significant mineralisation since it was already inferred and so a lacklustre result would see a big crash in the sp (even when a large part of the JORC is inferred, the market often factors it in to the sp as an upside, so later down the road infill drilling needs to be good enough to at least retain that value – speculation can often be more rewarding). Similarly, a good result may not move the sp much since this was already expected (even though the inferred category is highly speculative to begin with). + +In comparison, step-out drilling can swing the sp upwards by a huge degree if the results are favourable, since there was no ‘guarantee’ of the existence of this mineralisation. Similarly, it may not drop the sp as much if unfavourable unless a good result was priced in or the company was hinging on this drill program to be good as it has few other prospects, which is usually the case. + +## Basic shit + +Most companies will typically highlight the best results at the main page, with the rest further down. The format for these is typically: + +**x m** @ **y g/t** Au from **z m** in \[insert hole ID\] + +x **m:** This is the thickness of the intersection of gold in metres. X is whatever number. + +y **g/t:** This is the grade of the gold. Y is whatever grade, in grams per tonne. + +z **m:** This is the depth at which the intersection exists from the surface in metres. Z is whatever number. + +For example, **6m @ 5g/t Au from 60m** means a thickness of 6m Au intersected, with a grade of 5 grams per tonne, starting at a 60m depth from the surface and ending at a 66m depth. One intercept may have multiple significant intervals which will make the main page with varying grade throughout. It will typically say ‘including’ like **6m @ 5g/t Au from 60m** including **0.7m @ 33g/t.** This means that within the larger length, there was a subset of richer grade 0.7m in thickness. + +*Shallow drilling is cheaper, so the less depth, the better*. A 200m drill with notable mineralisation found only within the last 10m is most likely a poor result unless it is of exceptional grade. + +## Why is grade important? + +Grade measures proportion and is important in determining the feasibility of mining. Higher grade is better because it is easier to extract. When there is higher grade, there is less ore that needs to be extracted and so it is cheaper and economically preferable. For example, take two companies A and B. Both have 1Moz (million ounces of gold), however the average grade for company A is 3g/t whereas for company B it is 2g/t. Therefore, company A will be dealing with roughly 9.4Mt of ore, whereas company B will have 14.2Mt. Since company A has less ore, it will be cheaper, and more profitable even though the resource is the same (**assuming same mining approach, type of mine, costs per tonne, and ignoring all other factors**). + +**Open pit mines** are usually under 300m deep and typically have lower grade than underground mines, but also have cheaper costs. + +&#x200B; + +[open pit mine](https://preview.redd.it/cgk8ci3ike271.png?width=311&format=png&auto=webp&s=320a98c0664308c6f896654f2689bed91a7f4d0b) + +**Underground mines** are much deeper and have higher grades with higher costs. Hence, the classifications for what constitutes *high grade are subjective to the type of mine.* + +&#x200B; + +[UG mine](https://preview.redd.it/g2p2jgqjke271.png?width=321&format=png&auto=webp&s=6683cec4317bffeb5c4117af365d32b8a273794a) + +**Cut-off grades:** This is another important term when evaluating a resource. If the company has progressed enough or even has a JORC, you will typically see a cut-off grade. This is simply the grade used to determine what part of the deposit is to be included in the resource estimate. The reason is ore with grades that are too low may not be economically viable to mine, and so should not be included and thus a minimum grade is set at which it is economic to mine. The cut-off grade is a very good criteria to determine the positivity of a result. **The larger the average grade is in comparison to the cut-off grade, the more profitable the mine will be.** + +## Gold grade classifications + +*Generally;* + +Open-pit mine: + +· **Low:** 0-0.5g/t + +· **Medium:** 0.5-1.5g/t + +· **High:** \> 1.5g/t + +Underground mine: + +· **Low:** Less than 5g/t + +· **Medium:** 5 – 8g/t + +· **High:** \> 8g/t + +**High grade is relative to depth and size of the intersection**. If there are thicker intersections at lower depth, then the classification of what is high grade becomes a lot lower. It is much easier and cheaper to extract from lower depths. Intersecting long sections of lower grade at very shallow depths is still a good result. Generally, for the open pits, the first 100m are quite economic, 100-200m requires more medium grades and thicker intercepts and further than 200m requires higher grade. On the flip side, for a UG mine, the classification for high grade increases since it is more expensive to mine. Because it is more costly to mine out each tonne of ore at these depths, then said tonne should have much higher grade to compensate. **If you’ve invested in a UG mine, it** ***may*** **be even more sensitive to fluctuations in gold price due to the higher costs**. + +One way of looking at the results is by using **gram-metres.** This is done by multiplying the grade with the thickness of intersection. For example, 2m @ 8g/t is 16 gram-metres, and so would 10m@ 1.6g/t, **but that IS NOT to liken these**. This brings on the next point. You should **be careful of smearing**, where a company throws in small intercepts of high grade and smears it across a longer section. For example, 1m@15g/t being smeared across 15m, making it appear so that there is 15m @ 1g/t. High grades with extremely short intercepts are not always significant. Something like 0.5m@23g/t has a thickness that is extremely small and would suggest that this is an anomaly that doesn’t continue throughout the deposit. However, longer sections of high grade can indicate that there is a good extent of mineralisation. + +Interpreting these results is **dependent on the market cap** of the company, and the speculation prior to the results. What might be a dog diarrhoea result for a 200M market cap explorer may be an outstanding result for a 20M market cap company; this much is obvious. Likewise, a stagnant or falling sp prior to the results suggests less optimism and so is more primed to shoot on good results, compared to a sp that pushed before the results. You don’t want to be that guy who buys into the peak of the speculation, then the results are mediocre or even good, and the sp tanks or does nothing. When looking at these drill results you should question: ^(will the resource be stolen by a Nigerian prince?) + +Does this result warrant a 20M market cap? Does it warrant a 50M market cap? Etc. + +The way this is done is by analysing similar companies and comparing their results and market caps. You will want to find as many common factors between these companies. DO NOT compare an open pit miner to a UG miner or an African miner to one in Western Australia, as the former may be at a sovereign discount, and for good reason. This will help you develop a better idea. ^(As a side note, if I’m being honest, I’m quite lazy and prefer to trade the speculation as it is much easier, and should probably take my own advice here.) + +# Costs + +The cost of mining is extremely important. If concrete feasibility studies haven’t been completed and you don’t have an exact **AISC** to work with yet, consider a few factors. + +*Existing infrastructure*: What is the infrastructure like? Lack of infrastructure can add greatly to the cost of production and may result in higher cut-off grades. + +*Location & haulage*: What is the proximity of the resource to roads/other forms of transport, power etc. Is the processing plant close or will ore be trucked hundreds of kilometres to be processed? + +You may also want to speculate capex for earlier stage projects. + +The costs are split up into the following: + +· **CAPEX (Capital Expenditures):** This is the start-up cost to fund the project. You would be able to find this on a feasibility study and will need to assess how the company will attain this. There could be massive dilution involved as well as debt financing. The company’s **BFS** (bankable feasibility study) is a major contributor in determining the possibility of debt financing, as it will represent the economic outlook of the project and have important information such as the **AISC**. Any lenders will want to be assured that the project will be economic before giving out funds. Typically, there is mixed funding with both dilution and debt. It is difficult to speculate capex but you may want to consider some things such as: Will the company set up it’s own **processing plant** or use t**oll treatment?** The former is much more expensive. Toll treatment allows the company to process its ore at another company’s mill. + +· **OPEX (Operational Expenditures):** These are recurring costs associated with operating the mine. + +The BFS will have a lot of concrete information for this. The **AISC** mentioned earlier is **all in sustaining costs** in $/oz. This is extremely important and determines how much profit can be made per ounce. It is often speculated in earlier stage projects by people to assume an NPV. Another important thing to note is the gold price that is assumed in feasibility studies. Is this a conservative price? Compare this price to the strength of the commodity and it's projected prices over the future. If the mine is to go into production later down the road you should ask (this isn't just for gold): how will the commodity price change between now and then? + +# Location + +Ideally, a mining friendly jurisdiction. The resource doesn’t become a tangible asset until mining permits are issued and corruption is something to worry about. This much is obvious, so I want to talk about ‘dumbfuck nearology’ plays. If that is the outlook, you need to be extremely careful, as the speculation reward is usually strong, and the market is typically expecting some crazy discovery comparable to the original chad that spawned all the nearology degenerates. +I called up to DRS the remaining 30 of the 30.79 shares in Fidelity account tonight (was a 249/30.79 CS/Fidelity ratio. Now it's a 279/0.79 ratio). + +The rep was nice. He greets me after listening to my recorded request from the automated system saying I needed a DRS transfer. He asks "I'm guessing GameStop, right?" And when I say yes, he replies "Yup. Didn't even pull up your account and knew that one." + +As we go through the process, he gives me no shenanigans. What he does say that I thought was interesting was "This just takes me a minute or two to do. Usually at this point I educate customers on how to do this stuff on fidelity.com, but this is the one thing customers can't do online anymore." + +I replied with "Because Fidelity hates what is happening wants that added barrier to keep people onboard who are unwilling to call in" and the rep goes "yup, yup." *Big sigh* "yah." + +The best part is right after he bypasses the traditional "how many shares would you like to transfer" and goes "you have 30 transferrable shares here. You want to transfer them all?" We got this guy so used to 100% transfers that he assumes that's what he is doing. + +Keep on DRS'n apes! +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! + +Hello fellow investors, + +I've been contributing weekly providing insights into tickers that are taking off and overly hyped or have some opportunities to buy the dip (or sell cash-secured-puts). Saw some good action this week in various names, lets take a look. + +&#x200B; + +# Too Hot To Touch + +A couple names come to mind this week after trading absolutely ridiculous ranges. These names are currently in my “too hot to touch” category even as enticing as all the screen-shotted gains popping up on Reddit and Twitter might be. The two tickers are Bakkt (BKKT) and Lucid Motors (LCID). + +&#x200B; + +**Bakkt (BKKT)** + +https://preview.redd.it/ta1ssmmlaww71.png?width=2556&format=png&auto=webp&s=f82f6881fd07439b7de6f5afd2b0630467ab895a + +&#x200B; + +**Lucid (LCID)** + +https://preview.redd.it/q1nybwufaww71.png?width=2554&format=png&auto=webp&s=c1c776987cb74b45ce8ab4ce6413ca8c57ad1ef5 + +Both of these names have entered into my signature “red zone” areas where stock price has appreciated over 50% in a short amount of time. BKKT is actually up roughly 300%, while LCID is up nearly 80%. Not to say these names aren’t going to be solid trades in the future, but my opinion, and what I am doing, is to let them cool off rather than FOMO at the top. Preservation of capital is the name of the game. + +&#x200B; + +# Best & Worst Performers Last Week + +https://preview.redd.it/s5gmeecmaww71.png?width=1232&format=png&auto=webp&s=a09687d9c4d917aa0b216b16221799e2bf098f9b + +https://preview.redd.it/o2ypximmaww71.png?width=1238&format=png&auto=webp&s=b6551e025b7dbab6dfc949e3cd7c1c2504f7c622 + +Here’s a list of stocks that performed abnormally out of their 90-day trading range. The list includes my own personal list of “popular” stocks that are usually small cap or greater in size and more on the well-known side. + +&#x200B; + +I use this list to either: + +* Buy the dip (or sell CSPs) on stocks that have had an unusually bad performance. +* Take some off the table from the top performers if I am already holding a position. + +&#x200B; + +&#x200B; + +# High IV List + +https://preview.redd.it/2m6gr3bnaww71.png?width=1162&format=png&auto=webp&s=8546bb8b203e5a693e6cf8e262c5881eaa1da271 + +In the following sheet of high IV stocks I included the Enterprise Value (EV) to Market Cap (MC) (in the “EV/MC” column) because it allows me to see how “risky” the play is. In short, Enterprise Value is a measure of a company’s total value and is used as a comprehensive alternative to market capitalization. The average is usually 1:1, but a higher EV/MC signifies the company’s health is OK. + +&#x200B; + +I’ve also included RSI to see overbought/oversold levels and the “ATM 30D IV” is the 30-day IV for the ticker, in percentage. The list is sorted from highest IV to lowest. + +&#x200B; + +&#x200B; + +**What do I like from this list?** + +* AMC: Earnings are coming up Tuesday after market close. Although the AMC share price has been in limbo for some months now IV is still very high (113%). The risk of poor earnings is always there, but the amount of premium to collect will off-set some losses should the stock tank. Nov 19, $31 strike puts still offer solid premium and provide cushion for over 20% decline from the current share price. +* LILM: Lilium is a transportation company that develops electric Vertical Takeoff and Landing (eVTOL) aircraft for use in high-speed air transport system for people and goods. This is somewhat of a new industry and a lot more can be said about the company instead of what I’ll write here in two sentences. I’m looking to build my position through CSPs and hold shares if assigned. After a recent dip IV has spiked and is sitting at 105%. +* FVRR: Fiverr had a down week last week due to their competitor Upwork (UPWK) announcing poor earnings results. IMO this is a risky play, but FVRR is a leader for the gig economy industry and entering a starter position may not be a bad play. They will report earnings in two weeks time. +* GLBE: Growth stock Global-E is trading back to June levels without much change in fundamentals. I will be using this dip to sell CSPs while IV is high. They report earnings in two weeks. + +&#x200B; + +# Hot Stocks Under-The-Radar + +A couple stocks were picking up momentum by means of social chatter this week. What I found were Revlon (REV) and Mountain Pass Materials (MP). + +&#x200B; + +**Revlon (REV)** + +https://preview.redd.it/uc2sodznaww71.png?width=2578&format=png&auto=webp&s=17b398a14097ab94b747d60a5a982c14f8fb1b84 + +I caught a slight uptick in Revlon chatter this week. Nothing substantial, but when I looked at the chart I saw the consolidating base it formed on a decrease in trading volume. I wouldn’t bet anything big on this play as I haven’t done my DD on this company, but I might enter a starter position before they report earnings in two weeks. + +&#x200B; + +**Mountain Pass (MP)** + +https://preview.redd.it/pqv525goaww71.png?width=2578&format=png&auto=webp&s=1dfa1c9a411b81e338110ad16de0da8f3663341c + +MP dropped last week due to a short report released by Grizzly Research. I read the report and while they do offer some insight as to why they think this company is not what it seems, my opinion is that they are wrong. MP was down almost 20% at one point after the report was released, but has since made a recovery and ended the week -10%. Short interest for MP stands at 12% and has the potential for a short-squeeze should the company produce something substantial at earnings. +All in for ShibElon This Week! + +Phase 3 marketing push is starting alongside the NFT release on 12th Feb +Price floor is $1.7M planned push → $12M before next reconciliation, ATH was $11M + +Marketing plan for the week: +🔷 Travladd partnership +🔷 NFT release on Ethereum! OpenSea +🔷 Telegram callers +🔷 CryptoMoonShots HOT posts +🔷 Amber Rose (22.2M followers) shoutout on Instagram +🔷 Bow Wow (4.7M followers) shoutout on Instagram +🔷 Staking partnership x Sphynxswap with high APY +🔷 Twitter marketing campaign +🔷 150+ articles published +🔷 Trending top 5 on Crypto.com +🔷 CoinMarketCap top 5 most viewed project +🔷 Various NFT giveaways + +⭐️ How will the NFTs benefit the token? +30% of Sales will be used to buy back & burn tokens over a period of time +30% of Sales will be reserved for CEX listing +25% of Sales will be used for token marketing +10% Reserved for P2E game development. +5% Reserved to buy NFT floor on OpenSea + +https://poo coin.app/tokens/0xc183062db25fc96325485ea369c979ce881ac0ea +https://shibelon.net +https://t.me/shibelon_moon +G'day cunts, this is a quick one. + +On the Monday afternoon last week, I noticed an [announcement GTR had slipped at 6:59 pm on the previous Friday.](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02417754-6A1048940?access_token=83ff96335c2d45a094df02a206a39ff4) To an unnamed entity, they had issued $250k worth of stock at $0.015 per share for the provision of "Issue of shares in lieu of marketing services". By now we all know what this means. + +GTR was first introduced into the Next Investor portfolio in April 2020, but curiously the last targeted pump email was sent on [August 2020](https://www.nextminingboom.com/gtr-primed-maiden-drilling-emerging-wa-gold-hot-spot/). + +You can see the effect this neglect has on the stock price when you [line it up next to the other mining exploration stocks in their portfolio.](https://i.imgur.com/gf7Z90r.jpg) This image was made on Tues 07/09/21, and I've greyed out a stock I suspect to be their next pump. Not spoiling here. + +I managed to snag GTR at $0.030 on Monday close. I thought a pump email would be imminent as the spot price of Uranium had just begun to explode, hence my original T+2 strategy. However, they had other ideas of the appropriate timing. I had to let Tom take care of my rent money and punished myself with one week in /r/asx_banned purgatory. Warning, don't go there during work. + + +As of 2:57pm AEST 16/09/21, the stock price was $0.036, a cute +20% return thanks to the effect of the spot price. However, at 2:58pm AEST 16/09/21, the next investor email was sent. To be honest, I haven't even fucking read the thing, but I am predicting their renewed email campaign to create roughly $50m in value in the company, pushing its MC from $25m to ~$75m, which will place it in the middle of the pack of their other explorers that are yet to produce a single cent of profit for investors. + +We should also note that the price spiked ~8% to $0.039 within 5 minutes of the email being sent, these are the algo traders snatching it up. It continued to rally further to a $0.047 close, marking a 30% jump since the email was sent, and a ~55% return from the price which I purchased at. This is what I call the unaware investor effect. Because it has been so long since GTR was pumped by Next Investors, the initial algo pump creates FOMO in the mind of the average retarded retail trader. + +My main thesis is that Next Investor explorer stocks trade at a premium to the market. When they are actively campaigning, the price is driven unreasonably high. Just ask any EXR holder who fell for the $0.35 cap raise. Despite +14.29% today, they're still in the red. + +I think GTR still has some legs to it, when you combine the effect of the Uranium spot market going berserk with the additional two emails I expect Next Investors will issue within the next four weeks as per their modus operandi. When I see the market cap top $50m, I will begin selling, probably top slicing into a free carry as Next Investors recommend you should do with the following words printed on their website in 2013. ["Do you want to get into a stock before the price spikes, sell out at a profit, and let other people desperately hang onto the falling stock for a change?" .](https://imgur.com/cXzqxGO) As of today's close, their MC is $37m. + +By no means is GTR a bad company or anything, but they are an explorer. From my account, they have reasonable prospects at hitting a jackpot in their upcoming explorations, I just think they will be overvalued relative to their likelihood of succeeding thanks to the Next Pumpers. I think there's enough money to be made already in Junior Producers who already have a viable path to successful productions, this is just a little sidebet. + +Keep a cool head out there, markets gone wild right now, and I'm still calling a crash 🌈🐻 +Hi everyone, Bob here, + +**HOLY SHIT I THINK I MAY HAVE CRACKED THE CODE!!!! And by I, I of course mean the fuckin absolute truckload of DD and wrinkle brains that have contributed their DD to this saga. Thanks in advance to all the DD writers included in here, as well as the ones I failed to mention because they just aren’t top of mind at the time of writing.** + +**PS, get jacked, because this DD has been reviewed by some of the greatest wrinkly minds I know before posting, and I'l be keeping this one edited and fresh up to date as we learn more. Hope you learn something, and gain some wrinkles yourself - god knows we need ‘em.** + +Some of you may have been around long enough to remember my DD on u/criand’s and u/dentisttft’s DDs. [This dd looked at the combined theories of some OG apes that got me into my own DD dive. In it, I explored some different movers and theorized its a combination of things](https://www.reddit.com/r/Superstonk/comments/on3424/update_to_cycle_tracking_dd/?utm_source=share&utm_medium=web2x&context=3). I have had some offline conversations with some of the smartest fuckin ~~people~~ silverback DD-writing wrinkly ass apes on the planet and found some really interesting things I’d like to show you and get your thoughts on. The intention of this DD is to share the really TIT JACKING information I just uncovered and put together, with the help of all the apes mentioned here, which have been my guide either directly or indirectly through this learning process that is ~~Double Down~~ Due Diligence. + +# Foreward 0.0 + +First, I think it’s important to realize where this is coming from and who the fuck u/bobsmith808 is. Well, I’m just your average run of the mill no good crayon eating ape. I shit rainbows when the stonks go up and I shit bricks when the stonks go down, but when they go down, I rage buy more because *brick by brick* I will increase my position in this wonderful company with a bright fucking future, I call gamestop. + +Why? **Because I like the fuckin stock.** + +# Table of Contents for the DD + +I will be breaking this up into a couple posts because reddit is retarded - so retarded you cannot post over 40,000 characters per post. I guess they never anticipated the level of autism we could muster. 🤷🏽‍♂️. I hope you enjoy the first part of this series. + +In This chapter: + +* 1.0 - Recap on understanding the T+ cycles and how they work, along with some insight to market mechanics + +1. 1.1 - T+ Cycles & How They Work +2. 1.2 - Supplemental Liquidity Deposits +3. 1.3 - CBOE Futures Cycles +4. 1.4 - Key Terms + +[In Part Deux:](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/) + +* 2.0 - Notable Theories & Observations + +1. 2.1 - Leenixus SLD Theory +2. 2.2 - Gherkinit Futures Theory +3. 2.3 - Zinko83 Variance Swaps +4. 2.4 - Turdfurg23 Heartbeats +5. 2.5 - My Own Observations +6. 2.6 - Tying it All Together + +* [3.0 - Conclusions](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/) + +1. 3.1 - For The Wrinkles + 1. 3.1-🌈🐻 - Is Moass Inevitable? - An Exercise in Rationality + 2. 3.1-🚀🦧 - Is Moass Possible? And Could it Be Near? +2. 3.2 - For The Smoothest Among Us (Yes there’s a TADR) + +* [69.420 - Disclaimers & Sources](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/) + +# Recap On What We’ve Learned 1.0 + +# 1.1 - T+ Cycles & How They Work + +**So, What Are These T+x Cycles And Where Do They Come From?** + +I like cycles, and I like dates. Good thing for me, my most favorite stonk, GME, has both of these to play with. There has been and still seems to be a lot of confusion about the T+x cycles and what they mean, so I thought I'd start this out with a quick recap of what they are and how they work. + +When someone buys the stock, the market makers sells it to them at whatever the market value (**haha - internalization** *see advanced fuckery*). That marks **T** day (Transaction Day). + +# First, The Market Maker + +**First comes the market maker's time to locate the share they just sold.** + +Yes, you read that right: The Market Maker (**MM**) can sell a share they don't even have in their "inventory". A bit fuckey already, but let's roll with it. So on Friday, the market maker sold you a share (because apes fuckin **buy** and hold). They didn't have this share, and now have from the date of the sale (**T** for Transaction) plus 2 *trading* days (**+2**) or T+2 days to "locate" that share to settle up the trade. When they fail to locate those shares, we enter the Fail To Deliver (**FTD**). + +**Side note**: When the market maker sells you a share they don't have (BUY THE DIP!), and they fail to locate it (because there aren't any more to buy, bitches), it adds to the total shares they need to buy back. **They have been doing this for a very. long. time. Now.** + +**Who Is A Market Maker?** *Citadel, Virtu, GTS Securities \[*[sauce](https://www.nyse.com/markets/nyse/membership)*\]* + +# Second, The Authorized Participant + +**Authorized Participant Activity in regards to GME fuckery is all about ETFs, baskets and swaps. - check out XRT recently for a great example.** + +This applies to ETFs containing our favorite stonk. There is a theory floating around where an Authorized Participant (**AP**) can generate naked ETF shares that are used to then create phantom shares (more for them to buy back later) to suppress GME and then bundle that all up in a basket, ready for swaps.\[[sauce](https://www.etf.com/etf-education-center/etf-basics/what-is-the-creationredemption-mechanism?nopaging=1)\] Then viola, we have the quarterly swap cycles, *the most recent one, failing to deliver through possible internalization of the trades and the after hours run we saw just the other day* (credit [u/gherkinit](https://www.reddit.com/u/gherkinit/)) + +So when the AP creates the ETF trade and baskets it, they have from the day of the transaction (**T**) plus two trading days (**+2**) to **settle** the trade. *Then,* they have an additional two trading days (**+2**) or T+2 days to **locate** the shares traded in that ETF. [u/turdfurg23](https://www.reddit.com/u/turdfurg23/) has an awesome spreadsheet [here](https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing) that you can see to track GME's weight in several ETFs containing GME shares. Total time is **T+4** here for the **FTD** when it comes to ETF generated FTDs. + +**Who is an Authorized Participant?** banks usually... *also Citadel* + +[u\/keijikage brought to my attention that the rules changed in 2017 from T+3 to T+2, so the graph above is updated to illustrate the changes. Source1 | Source2 ](https://preview.redd.it/ah21o21yqlb81.png?width=922&format=png&auto=webp&s=648cb067351c66c5618d37eec70b7b998ece59d4) + +*Rules Follow:* + +[Oh, and if that isn’t enough to absorb - it looks like they are looking to move to a T+1 cycle](https://preview.redd.it/fdx8c8pzqlb81.png?width=1033&format=png&auto=webp&s=3163965993872dde2e0cc54478baee5af6b90f2e) + +# What is T+21? + +**There is no T+21** that I'm aware of (and have stopped tracking it for this reason). credit to [u/criand](https://www.reddit.com/u/criand/) for noticing the pattern in the first place and to [u/dentisttft](https://www.reddit.com/u/dentisttft/) for identifying the SLD periods ([see my previous DD on that](https://www.reddit.com/r/Superstonk/comments/o32geb/update_on_t21_cycles_and_dd_on_dd_by_ucriand_and/)) that conveniently coincide with the "T+21 cycle". + +Another theory was from [u/gafgarian](https://www.reddit.com/u/gafgarian/) that stipulated that it was linear T10/T12 cycles stacked (last day to cover being the day before - and you get 21. This makes some sense when you think about the AP rules above, but it does get complicated when you factor in Continuous Net Settlement. + +That said, I am still able to see a consistent cycle around another number... + +# Behold: T+35 (Rebranding to C+35) + +**C is for Calendar** + +>Rule 204 provides an extended period of time to close out certain failures to deliver. **Specifically, if a failure to deliver position results from the sale of a security that a person is** [**deemed to own**](https://www.law.cornell.edu/cfr/text/17/242.200) **and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity.** Such additional time is warranted and does not undermine the goal of reducing failures to deliver because these are sales of owned securities that cannot be delivered by the settlement date due solely to processing delays outside the seller’s or broker-dealer’s control. Moreover, delivery is required to be made on such sales as soon as all restrictions on delivery have been removed and situations where a person is deemed to own a security are limited to those specified in Rule 200 of Regulation SHO. A common example of a deemed to own security that cannot be delivered by the settlement date is a security subject to the resale restrictions of Rule 144 under the Securities Act of 1933. + +**Some thoughts here** \- credit to u/keijikage + +>“hypothetically the synthetic forwards could be a type of these, so we would see new options being opened up afterwards” + +https://preview.redd.it/krpyl3ejrlb81.png?width=1200&format=png&auto=webp&s=6e44b989e0754200636ac75136d2c01b78575ec1 + +This means, once we see the FTD in the Finra data, they have 35 ***calendar days*** *(from the date of the FTD in the data)* **not trading days** (**C+35** ftw) to settle up and find the shares to close out the trade. + +**Adding for clarity:** [17 CFR § 242.204 - Close-out requirement. states](https://www.law.cornell.edu/cfr/text/17/242.204) + +https://preview.redd.it/br49sgbacwc81.png?width=1005&format=png&auto=webp&s=79fb455d3285cc89ba1cd78210e67578e188ab4d + +# 1.2 - Supplemental Liquidity Deposit & Its Effects + +Supplemental Liquidity Deposits (**SLD**) has been really nicely described by u/dentisttft (wherever he is) in a fun and informative [“liquid shits” DD](https://www.reddit.com/r/Superstonk/comments/njgs66/rc_tweet_analysis_part_2_dumb_and_dumber_turbolax/). Here’s the juicy part: + +**THE CURRENT SLD RULESET:** + +**Supplemental Liquid Deposits (NSCC Rule 4(a)) \[**[**https://www.dtcc.com/\~/media/Files/Downloads/legal/rules/nscc\_rules.pdf**](https://www.dtcc.com/~/media/Files/Downloads/legal/rules/nscc_rules.pdf)**\]** + +Rule 4(a) can be found on Page 60 of the PDF. + +**Summary:** A week before the monthly options expiration, a deposit amount is calculated for the 30 largest “members” of the NSCC (the financial companies involved in the NSCC). A couple of days before the monthly options expiration, the members need to deposit that amount to be held at the clearing corporation for 7 days. After 7 days, the deposit is returned to the member. + +**Details:** + +Here is the important terminology: + +* ***Monthly Expiration Date***\*:\* The Saturday where the monthly options expire. It’s the Saturday after the third Friday of the month. (Often people think of options expiring on Friday, but they technically expire on Saturday. You just can’t trade them after regular trading hours on Friday, so it’s essentially Friday). +* ***Options Expiration Activity Period***: It starts at the opening of business on the Friday before the Saturday Monthly Expiration Date and ends at close of business on the second Settlement Day after the start. So, essentially close of business on Tuesday. +* ***Special Activity Calculation Date***\*:\* The date where the amount needed for the deposit is calculated. There is no set date when this happens, the only requirement is that it has to be done no later than the fifth business day preceding the *Options Expiration Activity Period* (the Friday of the week before monthly expiration). +* ***Special Activity Prefund Deposit***\*:\* The name of the deposit that the member will have to make based on the Calculation Date. +* ***Special Activity Liquidity Call***\*:\* Between the monthly calculation dates, if the clearing corporation realizes the deposit isn’t big enough, they will require a larger deposit to be made within 2 business days of the call. The Liquidity Call deposit is then held for 90 days. (So if Melvin and Robinhood really did get liquidity called, they wouldn’t get that money back until April 28-30) + +So every month, a deposit is calculated a week before monthly expirations. The amount is promptly given to the financial institution (“member”). Rule 4(a) SEC 6 says, + +>*SEC. 6 Notice of Special Activity Liquidity Obligations and Payment of Special Activity Supplemental Deposits. Promptly after the Special Activity Calculation Date, the Corporation shall provide each Special Activity Liquidity Provider with the amount of its Special Activity Liquidity Obligation for that Options Expiration Activity Period.* ***Not later than the close of business on the second Business Day preceding the applicable Options Expiration Activity Period, a Special Activity Liquidity Provider shall make its Special Activity Supplemental Deposit to the Clearing Fund.*** + +The member needs to make the payment by close of business on the second Business Day preceding Options Expiration Activity Period. The Options Expiration Activity Period starts on opening of business on the Friday of monthly expirations, so this means they would need to make their payment by close of business on Wednesday of monthly expirations. + +Now we jump to Rule 4(a) SEC 2, looking at the definition of the *Special Activity Prefund Deposit*, + +>*“Special Activity Prefund Deposit” means a cash deposit of a Member to the Clearing Fund made by wire transfer to an account designated by the Corporation: a. that is in excess of the Required Fund Deposit of the Member; b. that the Member deposits to the Clearing Fund, not later than the time specified by the Corporation on the first Business Day of an Options Expiration Activity Period, if the Member anticipates that its Special Activity Peak Liquidity Exposure at any time during such Options Expiration Activity Period will be greater than the amount calculated by the Corporation pursuant to this Rule 4A; c.* ***that the Member undertakes to keep on deposit in the Clearing Fund for at least seven Business Days after the end of the applicable Options Expiration Activity Period***\*;and\*. that the Member designates as a “Special Activity Prefund Deposit” at the time of the deposit in a manner specified by the Corporation.\* + +* The deposit is held until 7 business days after the end of the *Options Expiration Activity Period*. +* The *Options Expiration Activity Period* ends on close of business Tuesday after monthly expiration. + +So essentially the deposit is held for 12 business days total. I’m assuming the calculation date for the next month comes shortly after the deposit is returned rather than waiting until 5 days before expiration. + +**Got it? So the timeline ends up being...** + +Calculation Date -> Prefund Deposit is made -> Options Expiration Activity Period -> Seven days of holding the Prefund Deposit -> Deposit is returned. + +**Knowing this, let’s pull out some crayons. This is the 4 hour chart.** + +https://preview.redd.it/djhj7d58tlb81.png?width=1594&format=png&auto=webp&s=717bec6a2d391e1ab97af99ad7cd32e2ba1b7032 + +* ORANGE: The monthly options expiration. +* GREEN: Payment day +* BLUE: “Special Activity Options Period” +* RED: Deposit holding period +* WHITE: The entire time frame where the deposit is not in the position of the member. + +# 1.3 - CBOE Futures Cycles + +These are dates for futures contracts, and a very important part of the GME saga (IMO) + +[These come later with u\/gherkinit's dd section](https://preview.redd.it/jvo7rhcjtlb81.png?width=715&format=png&auto=webp&s=bce8f4c9b497186b876cee077e626acf3c2fd7a1) + +# 1.4 - Key Terminology + +**sHF** + +Short Hedge Fund. The bad guys in this saga, and the ones that r fuk. + +**Doomp** + +**D**eep **O**ut **O**f the **M**oney **P**uts. Basically put options taht are so fuckin far out of the money (like at a .50 strike) it’s basically worthless. There’s been a few theories as to why these exist, but nothing’s been proven 100% + +**Max pain** + +Max pain, or the max pain price, is the strike price with the most open options contracts (i.e., puts and calls), and it is the price at which the stock would cause financial losses for the largest number of option holders at expiration. When the week ends, and options expire at or near the max pain price, options sellers make the most money possible. Options sellers are classically known as Market Makers. + +[**Delta Hedging**](https://www.investopedia.com/terms/d/deltahedging.asp) + +Delta hedging is an options trading strategy that aims to reduce, or hedge, the directional risk associated with price movements in the underlying asset. The approach uses options to offset the risk to either a single other option holding or an entire portfolio of holdings. The investor tries to reach a delta neutral state and not have a directional bias on the hedge. Essentially this means that if a market maker sells you a call, that call represents 100 shares of GME. Why GME? Because who the fuck cares about other stonks, amiright? Anyway, let’s say the delta value is .3 for the cal you bought. A market maker, knowing if the price moves against them (just up), they will lose money, they buy enough shares to hedge against that action, which makes them delta neutral. basically, a quick way to look at it is on a delta call with .3 delta, one would assume the MM seller of that call would have bought 30 shares to hold until the call is sold or exercised, just like a .5 delta call, the MM would have bought 50 shares for the same purpose. This works both ways, and with puts, it's the inverse hedging method. Buying puts causes the MM to sell shares to hedge, getting rid of those puts causes the MM to buy the shares back so they are good when the end of the trading day comes. Kinda makes you think about the way the price has been moving recently eh? big purchases of puts beginning of the day, edging the price down, and selling of those same puts EoD to edge the price back up... **manipulation methinks!** + +**Options Greeks** + +So, I did a whole writeup on [options which goes into detail on the greeks and some other things about options](https://www.reddit.com/r/Superstonk/comments/qviwdp/they_are_running_out_of_options_and_the_power_of/). Check it out. + +If you’re just here for the Greeks, here you go: + +**The Major Greeks** + +There *are* minor greeks for options trading, but let's just start with the major ones that are critical to understand if you want to trade options. They are: + +**edit**: couple updates here thanks to apes that caught these. + +* **Delta** + * This is the measure of change in an option's price, relative to the underlying asset. For example, if you have an option with .8 delta, and the price moves up $1, your option value will gain 80 cents per share. (we'll omit the potential changes in delta here for simplicity's sake.) Also, Delta is often used as a probability indicator for the option being in the money at the expiration date. .8 delta would be an 80% chance of being ITM at expiration. + * At The Money (ATM) Options are usually carrying a delta of .5, while In The Money (ITM) options are higher than .5 deltas and Out of The Money (OTM) options are having deltas of less than .5 +* **Gamma** + * This is the rate of change to the delta over time. Gamma values tend to be higher for ATM options and lower for deep ITM and OTM options. This is a constant, and you can think of it as an indicator of how volatile the price/value of the option will move relative to each point of movement of the underlying stock. + * For example, an option with a delta of .5 and a gamma of .08 will become an option with a delta of .58 after the price of the stock increases by 1 point. Conversely, if you have an option at the same strike with a delta of .5 and a gamma of .03, the delta will become .53 after the stock increases by 1 point... make sense? + * Note: Gamma is dynamic and moves with the market. It's usually highest for ATM strikes. credit to u/mublob. +* **Theta** + * This measures the rate of time decay on the value of the option in regards to its premium - or the price you pay for the right to buy the stock at the strike. This is always a negative number because it's how option writers make their money. As time passes, this is the rate that the option will automatically lose value. **This is why you do not want to diamond hand options!!!** What's more is, as the expiration date gets closer, the rate of decay (theta decay) increases, thereby accelerating the rate of the option losing value. +* **Vega** + * This measures the risk of changes in implied volatility. In ape, this is the estimation of future price action. Higher vega = higher risk of volatility, and you pay a higher premium for that option when you buy it. **This is where IV crush comes form.** + * Vega can increase or decrease without price changes of the underlying asset, due to changes in implied volatility. + * Vega can increase in reaction to quick moves in the underlying asset. + * Vega falls as the option gets closer to expiration. + +[**Internalization**](https://www.sec.gov/fast-answers/answersinternalizationhtm.html) + +When you place an order to buy or sell a stock, your broker has choices on where to execute your order. Instead of routing your order to a [market](https://www.sec.gov/answers/market.htm) or [market-makers](https://www.sec.gov/answers/mktmaker.htm) for execution, your broker may fill the order from the firm's own inventory. This is called "internalization." In this way, your broker's firm may make money on the "spread" – which is the difference between the purchase price and the sale price. + +This has the impact of your order to buy moar GME not affecting the price of the stock (imo) like it should. + +[More on internalization, dark pools and market equity quality](https://www.cfainstitute.org/-/media/documents/article/position-paper/dark-pools-internalization-equity-market-quality.ashx) + +Edit: Added links for Part 2 + +# Are you ready to learn more about our excellent fuckin wrinkly DD authors and how things seems to fit together? + +# [Check out Part 2](https://www.reddit.com/r/Superstonk/comments/s3nqu3/the_compendium_of_wrinkles_correlating_different/) +About 7 years ago I was introduced to the OTC market and that’s how it all started. I had always been interested in the stock exchange but I had finally opened a TDA account to bet on garage based companies; hoping that one would give me that 10,000%, eventually learning OTC was trash. + +Then a man whispered, “options” into my ear. I did much better with options in spite of blowing up a $6000 account during my learning curve. That’s when I got serious. Being run over by the bull dozer I’d been trying to doge flicked a switch. I started funding the account while paper trading, researching, analyzing. Learning! When I saved up $3000 I went on to grow that to $8k in a year. Life took some profits and my confidence brought on risk that, in the next year, really hurt my account. It was frustrating. So back to the drawing board, researching and learning. + +Presently I’ve grown my account over the Day trading margin. Now I’ve always been into intraday trading throughout my experience. But being limited to one direction and 3 roundtrips a week made coming up with a strategy difficult. Swinging spreads and potential gappers is were I did ok. + +The past two weeks I’ve been taking 1 hour at work to trade & practice my strategy. Sometimes a little more if the pre-market is moving. Right now I’m keeping my position size low with an ultimate goal of $200/day. I like to find gappers and technically decide if I’m short or long bias. Then I wait for a few 1 minute candles to see if my expected support or resistance lines develop based on another time frame. Once it breaks I’m in for a scalp. I have a few other strategies but I tend to go for this one the most. + +Week one was $800 and my second just over $1k. Eventually I want to move my daily goal to $500. I’m not looking to get rich. I’m looking to buy time. I’m sick of selling my time to people for peanuts. 80% of my life for about $80k a year feels like I got the short end of the stick. With the new house and hardly seeing my family, or when I do I’m just exhausted, has really got my gears turning to figure out a different way. + +I feel like I can do it.. + +Thanks for reading my story. +So people on here keep making out that owning a house is wayyyy more expensive then renting when you factor in water, rates and everything else but the people I know who have a house disagree so it makes me think the people on here are just part of the problem with people wanting to buy their first home. What do you pay roughly a week on repayments and what was your loan? + +Edit: are repayments more then 2400 a month? (For an average loan around 400k) a lot of comments are saying if people can't afford rent and save 200 a week they shouldn't buy a house but that's atleast 600 a week that could be put towards a house (including and quarterly rates I haven't mentioned) +We live in a city with what many would consider to be a "mediocre" public school system. It's apparently got some good tracks for "gifted" kids but for the most part a lot folks with extra $$ are sending their kids to private school or bouncing out to the suburbs when the kids turn 5. + +To be clear, it's not like there's a safety issue with the schools (like gang activity). Also the school district is absolutely full of teachers and parents who care - plenty of people we talk to have sent their kids to the schools here and recommend them strongly (although some caution against). + +Now me personally I really want to send my kids to this school district. As far as I see it - this is real life and they'll learn a ton being around an extremely diverse group of kids even if it doesn't always mean all of the kids have parents who are really pushing them towards academics. I also believe it's hypocritical to live in a community but avoid the public schools. Worst case I can jump them over to private school after a couple years right? + +Anyone else have an experience with this? +Hello investors, + +I wonder if you would share with the community one stock you love but think it's under the radar for most investors. And maybe summarize what the business does or why you like it. + +I'll leave you mine: + +- Mayr Melnhof Karton (listed on Vienna) + +Family owned bussines with 2 divisions: +- MM Karton: is Europe's largest cartonboard producer with a leading position in recycled fiber-based cartonboard. + +- MM Packaging: is the leading producer of folding cartons in Europe + +C'mon let's help each other! + +Thanks in advance and have a great day! +I'm hoping to start discussion on how to plan for eldercare / end of life care when in fatfire territory. + +I remember talking to a former exec of a large nursing home company. They basically told me that anyone who ends up in one of their assisted living / nursing homes is entering into an institution. "I'm sorry", they said, "we try to sugar coat it, but at the end of the day you're being institutionalized. And nobody wants to be institutionalized -- people with money end up just staying home. I know I am." + +Wondering if people agree with that? If you have money and resources, what is the best way to plan out care when it becomes needed -- and how are people factoring this into their retirement plans? +I cannot understand the "any selling is weak hands" argument. Why not spend a little more time paying attention to the economy in the short-term, so you can make proactive decisions about your investments? + +Here's a bit of reality for all you genius apes. + +The fed meeting is tomorrow and its going to be a .75 basis point hike. First time since 1994. Some of this is already baked into markets (I'm assuming you've realized by now that your stocks are down almost 10% and crypto is down 30% since Friday), but there is always more room to drop and more pain to come. + +A lot more. + +When JP pulls a switcheroo from .5 to .75 a mere 36 hours before the Fed meeting, you had better bed your ass that he'll open up the doors for more hikes at .75. And he should. A CPI at 8.6 is bonkers with a base funds rate of 1.5%. It's borderline economic catastrophe. Since the invention of the dollar, rate hikes have only successfully brought down inflation once they got within 2.5% of the inflation rate. Get your calculator out bc that means if the inflation rate were to stay at 8.7 (yea right) it would take 6 more rate hikes to get us in the functional range. When he says that "we are now considering .75 rate hikes in July and September, possibly higher" you had better believe people are going to trade whatever they can for cold hard cash. + +And that's not all. + +You've probably heard of Quantitative "Easing". That's how the Fed "prints" money into existence. They create the money on a magic computer and use it to purchase treasuries and mortgage-backed securities (those bundles of mortgages you heard Christian Bale and Steve Carrell talking so much about in The Big Short). The Fed bought 3 boatloads of this stuff in 2008 (these purchases are referred to as the "bailouts"), and up to now they've got about $8,500,000,000,000 worth. That's trillion, with a T. + +Now we get to play a new game. Quantitative "Tightening". + +Starting tomorrow (Wednesday for anyone late to the party), the Fed will sell $45,000,000,000 in assets onto the open market. That's going to be a whole lot of pressure on markets to stay up and we all know people aren't exactly buying-hand-over-fist right now. Their purpose is to bring markets down. That, by definition, is fighting inflation. Remember: price up = bad. Price down = good. + +But the QT fun doesn't end there. The Fed is going to sell another $45 billion in assets in July, and another $45B in August. Then, they will increase the rate to $95 BILLION EVERY MONTH starting in September. At that rate of monthly selling they won't run out of MBS for 7.5 years. + +Let's talk about those mortgage-backed securities for a second. Those bundles of thousands of mortgages we call MBS start out when you buy a house. Or when your cousin buys a condo to rent on Airbnb. Remember when you finally closed on your house and 2 days later you received a letter saying that your loan was purchased by another lender? "Underwriting" is your lender making sure there is a buyer ready and willing to buy this loan the moment you close on the property. That's why you get the notice right away. As you were figuring out to whom you should make your mortgage payment that new lender was bundling your loan with many others to sell yet again to a bigger bank. The bundle grows each time and at some point they refer to them as MBS, and for some reason they are considered much more secure than individual mortgages. They are given ratings like A, BB, CCC, etc. Picture Ryan Gosling playing jenga. Now when the biggest MBS customer not only stops buying but starts dumping MBS onto the market, you can imagine the demand for these bundles of joy will shift. Soon smaller banks can't sell to bigger banks as easily as before. And eventually not at all. This past Friday the market for MBS actually hit "zero bids" for the first time since 2008 (you might have seen a tweet from the actual Michael Burry). As loans become harder to sell, will also become harder to write. And we know what that will do to the housing market. Remember: price down = good. + +Now you're getting it. + +Lastly, because my legs are asleep, you need to understand that most of the money that came into crypto since 2017 was not from people here on reddit. Many of them do not share your diamond hands conviction, and their crypto investment doesn't represent an "inflation hedge". It represents the riskiest thing they've ever done with their money. Ever. Big risk = big reward. And when both the stock market and the housing market get tumultuous, risk assest get sold first. That is what you are starting to see. An almost perfect correlation between crypto and the Nasdaq, just where the swings in crypto gains and losses are exaggerated. + +Unfortunately we are probably one or two cycles away from certain cryptos being seen and used like the scarce resource inflation hedge that they really are. + +So here you are, with all this new knowledge and a bag of Shitcoin Potpourri. And there is a train coming tomorrow that will last until at least through September. + +Good luck! +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /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 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). +Hey guys, interesting one. + +Recently my yaiyai (Greek grandmother) passed away, in typical old school Wog fashion she didn’t believe in banks and for the last 20-30 years had been literally stuffing cash in suitcases under her bed. + +Needless to say, after her passing (this was not in the will) my father and uncle bought us grandkids into her house and all given a sizeable even split of her cash, and it’s not a small amount by any stretch.. + +What the hell can I do with this so it doesn’t look dodgy? Because it feels dodgy, do I declare it somehow? Or is this straight “dodgy Wog” territory. My cousins are convinced they’re just gonna go pay cash for cars and not worry about ramifications, I’d like to turn this into a house deposit or invest.. +I' m a parent of a grown up adult that we always treated fairly. She always kept money she earned and gifts and on her 18th birthday, we encourage her to change her custodial account to hers alone and we never obtained credit in her name. + +&#x200B; + +When I was 18, I was given $10K by my grandfather to assist with my education and my mother kept it. As a result of him finding out it wasn't used for the intended purpose, my siblings never got a similar donation. + +I thought that was rare and unusual at the time. + +&#x200B; + +I am sadly flabbergasted by the tales on Reddit of all the ways that parent figure out to rip off their own children. Stealing their money and identity theft as well as straight up blackmail, coercion and emotional manipulation to wring as much money out of young adults as possible. There are daily posting on Legal Advice and Personal Finance about these situations. + +&#x200B; + +I am wondering if those of us on Personal Finance could write a comprehensive guide for teens and young adults to these situations and how to best protect themselves. + +I'm not talking about how to balance a checkbook stuff, but more along the lines of "How to make sure your parents aren't ripping you off and ruining your financial future" + +&#x200B; + +Is there any interest in this? + +&#x200B; + +Edit +6 hours (sorry didn't get back earlier, was out running errands with my wife) + +1. Thank you very much for gold!! +2. Inbox is bursting at the seams, I will try to get through them all ASAP +3. Mods, Please tell me how tell me how to get this on the wiki so I can start an outline and hopefully we can divide this up and collaborate on the document since I think it's going to be a lot larger than I anticipated. I don't think working this directly as a thread will be manageable. +4. Yes definitely RBN should be in on it, I don't think some parents are just bad with money, but NPs seem to think they have specific entitlement to a child's possessions. + +&#x200B; + +THANK YOU ALL FOR YOUR INTEREST and SUPPORT!! + +&#x200B; + +Edit +23 hours + +1. Thank you two more people for gold and silver! +2. A wiki author that knows a mod is working on getting a spot on the wiki. At this point I'll transfer outline to wiki. +3. I want to work on some **is / is not** boundaries for the guide and I want to divide it into 2 sections. 18+ and 14-18. while minors are limited in many ways, we still want to suggest legal ways for them to protect themselves. For example if an uncle want to give you money, ask that he put that in a custodial account with him and the minor rather than give the money to the parent. (just an example) +4. This is now looking like a couple of weeks at least to write a good guide, so please be patient. Thanks to Subject Matter Experts (SME) that have already volunteering information and offered to help write. + +&#x200B; + +Amazed by the continued interest in this. + +&#x200B; + +\+3 Days + +Under 18, you're kinda screwed if parents get their hands on money intended for you. The best thing to do is to keep them from getting it in the first place. If you have generous relatives that give you monetary gifts, there are a few things you can do to try to accomplish this. Since these relative are giving you gifts, that means they care about you. Try to develop a good relationship so that you can have direct and honest discussions with them. That means engaging them during family visits and treating them respectfully. Often, if your parents are financially irresponsible, other family members may not be aware. I wouldn't recommend telling grandma you parents are gambling away your birthday present, but you should try to point out that you are not receiving the gifts they intend for you. + +&#x200B; + +&#x200B; + +First, for small amounts, you can request that the relative create a **"joint minor account"** in their name and your name rather than giving the money to you directly. A typical minor account must have an adult and a child as the holders, but the adult does not have to be a parent. If only you and your aunt are holders of a joint account, your parents cannot legally withdraw money from that account. + +&#x200B; + +If a relative is giving you a large gift, you may want to ask them to create a **"custodial account"** in their name and your name. Custodial accounts are regulated by **Universal Transfer to Minors Acts (UTMA)** in most states. A custodial account is controlled by the adult and the beneficiary usually cannot withdraw money until they are 21, but only the custodian can withdraw money prior to the beneficiaries 21st birthday, so parents cannot withdraw from the account. Custodial accounts can also be created for securities and inheritances. + +&#x200B; + +You could ask them to change the way they give you gifts in thank you note. for example: + +&#x200B; + +Dear Uncle Bob, + +Thank you for the birthday gift of $100. I would love to tell you I used it to buy a nice gift, but actually mom took the check to save for when I'm grown up. I'm not really sure she is keeping very good track of your gifts and I think she probably used the money to buy a pair of Manolo Blahniks. Would you consider opening a minor account in your name and my name so that your gifts will end up benefiting me personally? An account at a credit union usually has no fees for a minor account and is easy to open. + +&#x200B; + +That way you can make a gift into the account and I can use it when I am 18. I hope you won't mention this to mom because she is sensitive about discussing how she keeps track of your gifts with me. + +&#x200B; + +Please let me know so I can give you my information needed for an account. + +&#x200B; + +Your neice, + +Roberta + +&#x200B; + +&#x200B; + +A few things could happen. + +Uncle Bob will open an account for you and you will ultimately be able to access the gifts when you are older. + +or + +Uncle Bob will stop sending your mom $100 for YOUR birthday. + +or + +Uncle Bob may tell your mom and she will be mad and she will continue to keep your money, but this is how things are going now, right? + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; + +&#x200B; +Good morning Apes.... This is not financial advise - + +I am convinced that GME is going to blow in the next 70 days... If I'm wrong... I will leave superstonk and you guys can ban me.... I will be exiled in to the world and looking for a new group if we dont blow in the next 70 days... + +**I will show you... what the hedgies have been doing... and why they are almost out of ammo...** + +[Shills reading this right now...](https://preview.redd.it/iiraoy9evhr81.png?width=500&format=png&auto=webp&s=1d3de851d864f6a476edbf4a6835b8ec9477d03e) + +**I have the proof...** + +Last week the algo should have broken twice. + +They shut it down Tuesday to stop the Algo exploding... + +On Friday the options were doing weird but the stonk didn't do too much... GME is still under massive pressure and the worst ive ever seen it... (for hedgie fuks) + +If you look at the current cycle... its different to the last three and for that reason we are still very much in it. The cycle is "convoluted"... + +[The cycle is trippin.....](https://preview.redd.it/pchs23uushr81.png?width=714&format=png&auto=webp&s=59ea0af5e8ce4980fe701a96806bf985f91bbbf2) + +The 180 day chart is interesting and needs another look.... + +The start of 2022 was freaking rough for GME longs.... GME traded from 2021 highs of $250 down to around $75 March 2022 lows. + +[We traded from a peak of $250 for a draw down of more than 72&#37; in last cycle from highs to lows \(edit\) ](https://preview.redd.it/xxlphqo4uhr81.png?width=1320&format=png&auto=webp&s=549536af606120c126b63b583581f2cad21dedc4) + +**This was their last attempt to demoralized you... They came out of the gate with everything they had, this was a full on industry blitz coming from everywhere... it was their last power move to shake APES off...** + +**This was one of the biggest, longest, slowest drops we ever had.** Fortunate for Apes, they continued to buy the dip and essentially accumulate many of these shorts. + +Some key things... GME had 2 DRS announcements... Remember on the last two earnings calls... 5 and then around 9 Million shares DRS... + +[December 7th and March 22nd.. ](https://preview.redd.it/yb5znm931ir81.png?width=671&format=png&auto=webp&s=d74df7e0a2b0852c2b327f352db65470f004c72a) + +[As the DRS accelerated so did the shorting... ](https://preview.redd.it/iktgmde81ir81.png?width=1320&format=png&auto=webp&s=86abac58addeb221e96d3109c5e5c9c890c90ba3) + +The Algo drove GME down for a full quarter and when it did finally relieve pressure it was one of our biggest runs yet. + +[GME traded from 75 to almost $200... a 160&#37; gain from the lows... ](https://preview.redd.it/32rb1trl1ir81.png?width=1333&format=png&auto=webp&s=1670f888bd5f93c12f3340c01ff49893af1503e2) + +The difference this time is **DRS.** And it's why im so sure this time is different... even the recent run up is wildly different to the last couple. + +[The circle is the Algo trading after the run-up](https://preview.redd.it/z7pz5wrs2ir81.png?width=650&format=png&auto=webp&s=4d655dddd6e1e61693d22c398c8f03084c1f77f0) + +The last cycle was very different... the circle is much wider and the initial run-up is also much wider than the previous 3. DRS changed the Algo math. + +[Volume has started to increase...](https://preview.redd.it/bsaomrds3ir81.png?width=1320&format=png&auto=webp&s=be4b0e77812e750dd446321745f7a2aedd3d4768) + +Because APES continue to DRS.. Shorts need to wash/trade the shares more for a similar effect. + +**At any day GME could announce a bomb in regards to the NFT exchange, IMX or LRC... Thats just one thing we could speak about.** + +**Game Stop Owes US an Annual Report and its going to show a lot of their plans... I would think? So that is Apeish...** + +https://preview.redd.it/905ydmwr0ir81.png?width=577&format=png&auto=webp&s=d1c7cb9a967083af6f7e9e07a810a23083316c3e + +**TL:DR: Its been a wild Ride and probably the harderst stock to ever call. is seems like thousands have come before me and tried to call the moon... even I have called the moon multiple times and failed...** + +**This time tho, is different. The DRS effect is a real thing. I do believe that hedgies gave it their all and they will not sustain the next run up which is DUE around 05/22/2022. Keep in mind this stonk can blow at any time, it blew Tuesday and was supposed to blow Friday.** + +**DRS while you can... one of these days there might not be any shares left over. Thank you for all the work apes.** + +[https://www.reddit.com/r/Superstonk/comments/tvyjvo/nport\_gme\_deep\_dive\_ii\_the\_web\_so\_much/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/tvyjvo/nport_gme_deep_dive_ii_the_web_so_much/?utm_medium=android_app&utm_source=share) + +u/freadom6 put together a sheet not getting enough looks... most of these shares are lent from their own clients funds - apes bought those shares - and now those firms have to deliver - wait until these firms all start accumulating gme - buckle up + +**P.S. Im not selling ever!!!! I just wont post here if wrong -** + +**Thanks for the Love** +Personally my small electrical business is doing ok. I lost a bit of money with the 2 week construction shutdown but works picked up a bit again. + +I’d like to hear how it’s affecting everyone else and if we might not bounce back as fast as we did last year considering there’s no jobkeeper or Super withdrawals this time +Comparing nowadays market with 2013/2017 we see very similar patterns arise. Hysteria is probably gonna break out sooner than later, and here is why. + +NOTE: this is my personal, speculative view based on pattern recognition and market sentiment. I'm not here to create any FUD/FOMO or whatever, even though I'm probably still getting flamed for it in the comments. + +1. The marketing and creation of shitcoins is still on a contant rise. A LOT of new investors fall for fake promises from new projects, because they think it's the next new thing. This is ofcourse nothing new, BUT it won't slow down until we're starting to see red numbers again, and the shitcoin teams cannot afford to invest into marketing anymore. + +2. ETH will most likely overtake BTC as crypto asset with the largest market cap. This is mostly derived from the fact that ETH is still by far the most utilised and adopted blockchain out there, and with continuous work from the dev team, that won't change anytime soon. If u take a look at the BTC dominance chart, I expect a similar pattern to that in 2017. When this hits the news a new wave of dumb money will shortly flow into the market, leading to large price volatility. + +3. Looking at the market cycles, most technical analysts believe that BTC will climb to new ath's this year. Combine this with the fact that the BTC dominance will most likely keep dropping, altcois will soar when this happens. + +4. When everyone thinks they can cash out soon and never have to work again, big corporations who have had a balanced portfolio since like forever (and basically control the market) will just dump on the average joe, leading to real FUD all over town, and ending the 2nd part of the 2021 bull run. + +There are more points that I'm willing to discuss in the comments, but for now I've taken my shit, so it's time to go on with life. + +Feel free to share your opinions and have a civilised discussion in the comments. +We have all heard it! -- “Time in the market beats timing the market” + +At the same time, we are all to some extent guilty of trying to time the market. The market always seems to break some new all-time high records, so we wait for the inevitable crash/pullback to invest. It’s high time we put both strategies to test. Basically, what I wanted to analyze was + +**Whether waiting for a crash to invest is a better investment strategy than staying invested?** + +**Analysis** + +For this, let’s take someone who started investing approximately 3 decades back (1993 to be exact). I created multiple investment scenarios as follows to understand the difference in returns if you + +a. Invested at the exact right time when markets were lowest that particular year + +b. Was extremely unlucky and just invested at the peak every year + +c. Did not care about timing the market and invested at a random date every year + +d. Just hoarded his cash and waited for a market crash to invest \[1\]   + +For analysis simplicity, let’s assume that you were on a conservative side and never picked individual stocks, and always made your investments to S&P500 \[2\]. For investment amount, let consider that you started with investing $10K in 1993 and for every subsequent year increased your investments by 5%. So, you made a total investment of $623K over the last 29 years.   + +**Results** + +**Investment Returns : S&P 500 (1993-2021)** + +|**Scenario**|**Return**| +|:-|:-| +|Invested only during a market crash|391.9%| +|Invested when markets were lowest every year|371.2%| +|Invested every month an equal amount|312.9%| +|Invested at a random date every year|303.2%| +|Invested when markets were highest every year|263.1%| + +The analysis did throw up some interesting results. There’s a lot to unpack here and let’s break it down by each segment. + +The most important insight is that **it’s virtually impossible to lose money over the long term in the market \[3\]**. Even if you were the unluckiest person and invested exactly at the very top each year, you will still end up having a 263% return on your invested amount. + +At the opposite end of the spectrum, if you were somehow the luckiest person and invested only at the lowest point every year, you would have made a cool 100% more than someone who invested only at the top. Given both the hypothetical scenarios are extreme cases, let’s consider some more realistic scenarios.       + +If you did not care about timing the market and invested a fixed amount each month/year, you would still make a shade over 300% on your investments. + +Out of all the above scenarios, you would have made the most amount of money (a whopping 391% return) if you invested only during major crashes. In this type of investing, you would not invest in the stock market and keeps accumulating your cash position waiting for a crash. + +While this seems like a good idea, in theory, it’s extremely difficult to execute properly in real life. The main limitations to investing during a crash strategy are + +a. The current returns are calculated by investing at the very bottom of the crashes. It’s very difficult to identify the bottom of the crash while a crash is happening. You can end up investing midway through the crash and given that you are investing a significant chunk of capital you saved up, it can end up wiping out your portfolio. + +b. [Identifying a crash itself is very hard](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F06f96f61-9b99-4d4a-b6cd-88eece3ecc1d_624x241.png) + +As we can see from the above chart, the years that we consider were great for the market in hindsight still had significant drops within the same year. So even when the market is down 10%, it becomes extremely difficult to know whether it’s going into a deeper crash or whether it’s going to bounce back up. + +**Conclusion** + +While the analysis did prove that waiting for the crash is theoretically the best strategy returns-wise, practically it’s very difficult to execute it. + +For e.g., even if you predicted the 2020 Coronavirus crash correctly, where would be your entry point? The market was down 15% by Mar 6th, another 10% by Mar 13th, and then another 10% by March 20th for a total of 35%. If you did not get in at the absolute bottom, you would have lost a considerable sum of your investment without actually getting any benefits from the previous run-up.      + +It is extremely enticing to be the guy who called the crash correctly and even if you are right, only getting in at the absolute bottom would only give you the best returns. Adding to this, in the last 20 years, 70% of the best days in the market happened within 14 days of the worst ones \[4\]. If you miss just any of those days waiting for an entry point, your returns would be substantially lower than someone who just stayed invested. + +If you think you are in the select few who have the skills to identify a crash and the temperament to see the crash through to invest at the very bottom, you will make an absolute killing in the market! For the rest of us, continuous investment regardless of the market trends seems to be the better choice. + +*Data used in the analysis:* [*here*](https://docs.google.com/spreadsheets/d/1LT3qazGZXHT3qnnBS7oWAZU8n8DH1gv-JsCixN2mdPM/edit?usp=sharing) + +**Footnotes** + +\[1\] I have considered the [following crashes](https://en.wikipedia.org/wiki/List_of_stock_market_crashes_and_bear_markets) for the analysis: Dotcom crash (2000), Sep 11 (2001), market downturn 2002, Housing market crash (2008), 2011 stock market fall, 2015–16 stock market selloff, 2018 crypto crash, Corona Virus crash (2020) + +\[2\] The data for the adjusted close for S&P 500 from 1993 to 2021 was obtained from [Yahoo Finance API](https://rapidapi.com/blog/how-to-use-the-yahoo-finance-api/). The main reason for only going back till 1993 is that Yahoo Finance had only data till 1993.   + +\[3\] [There was an interesting study done by Blackrock that proved the same as shown in the chart below](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F15bf33fb-b037-4a59-b5b9-80e90bafae28_624x257.png) + +\[4\] 70% of the best days in the market happened within 14 days of the worst ones [(Source: JP Morgan)](https://cdn.substack.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb560db47-5078-4b58-84f0-f4c27919eb79_507x352.png) + +*please note that I am not a financial advisor.* Hope you enjoyed this week’s analysis! + +Edit: Since a lot of you are questioning this, the SPY data used in adjusted closing price which accounts for dividends and splits + +[https://www.investopedia.com/terms/a/adjusted\_closing\_price.asp](https://www.investopedia.com/terms/a/adjusted_closing_price.asp) + +&#x200B; + +EDIT 2: Since a lot of you are questioning the math and returns + + [https://imgur.com/o4qN7XN](https://imgur.com/o4qN7XN) + +Check this image. + +its a spy return calculator online ([https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/](https://dqydj.com/sp-500-periodic-reinvestment-calculator-dividends/)) including dividend reinvestment + +Check the return when you invest following my same logic -- the only difference is it's a monthly calculator (so the returns would be slightly different) + +10K per year => 833 per month + +5% annual increase => 0.407% growth in investment value every month + +1993-2021 return is 394% on the total invested value. + +&#x200B; + +Cheers +Starting early today due to premarket volatility. + +GME press releases today: + +[GameStop Announces Preliminary Sales Results for the First Nine Weeks of Fiscal 2021 Reflecting an Approximately 11% Increase Compared to the Prior Year Period](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-preliminary-sales-results-first-nine-weeks) + +[GameStop Announces At-The-Market Equity Offering Program](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program) + +Obligatory: HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! HOLY MOLY! +Hi guys, pretty new to investing - had my eyes on it for some time but never bit the bullet and stuck my money in to have a play with. +ICLN in the last month (weirdly - given biden administration, global warming etc etc) has taken a bit of a battering of the back of a good run. +Ive been wary of it being a bit of a meme stock at one point but the fundementals are there so even given the whole reddit/investing fiasco i wouldnt have punted on it having a bad month like this (though i understand there is ups and down) + +Basically what i was wondering if anyone was a bit clued up to whats happening recently as i cant actually find much to warrant it. + +Thanks! +I’m a fairly novice track guy. Been driving my Porsche 4S and recently test drove a 991.1 GT3 RS. Fell in love and considering buying one but wouldn’t mind trying to get a 992 GT3 RS. How can I get good enough to adequately use a car that has DRS and a bunch of other advanced features other than the generic “get more track time in”? Has anyone gone through some kind of boot camp or private instruction that boosted your performance on the track? +Given the events of the past week with Doge and XRP pump and dumps it’s clear that we need to protect people within this community. Some have been in this space for a lot longer than others and there’s been plenty of examples of scams throughout the years and plenty people scammed with them. + +The Doge pump last week angered me and you could see people getting excited and the inevitable was going to happen. A lot of new people got sucked into the prospect of quick, easy money and calls for calm fell on deaf ears. + +Then the same with XRP. I had friends calling me about it and asking advice and I told them exactly what I thought was going on, which transpired to be the case. Lucky they took my advice and held off. + +There’s been a significant rise in new accounts shilling these days and it’s our responsibility to help ease new investors into the space. It’s frustrating watching the endless shill. Is there anything else that can be done to protect this space? Scamming people doesn’t bode well for the future of this society. +I see new posts worring about xxx and xxxx apes selling in the low 5 figure range as this would put those gains in the 7 and 8 figure range. This theory is completely false for my situation, and possibly other's. I started off with 14 shares in Jan looking to pay off a couple small loans. Now that this has dragged out for months, my motives for holding have shifted. If the float is 26m, only xxx,xxx apes or less, holding >xxx shares, need to hold and the float will never be covered. An unintended consequence to this is that xx and x share apes will be set for life. Sorry, hedgefucks! Tenders are nice, changing financial market and the lives of millions of apes is what will bring the most joy to me. Not financial advice, do what you want. I just like the stock. 🚀🚀🚀🚀🚀💎💎💎🤘🤘🤘🤘 +Hello everyone. Before I start I want to preface this post and say that I'm making this as rebuttal to how most people feel about the housing market right now. + +I want to say that in no way am I all that special. I'm in my late 20's. I work in fast food after dropping out college followed by leaving the union. Recently promoted to manager. I drive my fathers old car. I was lucky to have a family member co-sign on this house with me because my credit was too low (by 4 points). + +I live rent free with one of my folks but help pay for groceries and look after thier dogs when they are quite often away. Before I moved in they paid a doggie daycare. Even trade. + +I live in eastern Florida nearish the beach (20 min drive) and an hour away from a major city. The combined population of my town and the neighboring more popping town is 200,000 people. + +Over 10 years I've saved up 20k that I solely wanted to use on a house one day. + + +Story time: +One day I was walking around the neighborhood and noticed a house getting a new paint job and moving a bunch of boxes out. I had a feeling they were moving. So I went up to the homeowners and talked to them and they confirmed my suspicion. I told them I was interested. + +The next day I went back with a pre-approval from Rocket Mortgage to show them I was serious. ( I didn't follow up with rocket because they suck (different story) and would not want to do business with me anyway because this was before my co-signer) + +The homeowners and I talked for some time and they said they'd think about. They were really looking for a hassle-free quick cash sale. + +Fuck. + +The next day my girlfriend and I wrote them a handwritten letter thanking them for their time and consideration. Saying we would do anything for this home. Two days prior to my initial conversation with the homeowners I found out we are pregnant. + +They actually called me the next day saying how thoughtful it was to write them a letter and that I should stop by to pick the their real estate agents card and that they want to give me a shot. + +The rest is history. + + +Things are looking up guys. For reference my girl made less than 17k last year and will most likely be about the same or less considering the pregnancy. While her money helps bills are mostly on me. + +Other than the co-signer I received no financial help from my family or friends for buying this home. + +We close at the end of the month! + + +Please don't get discouraged out there. + + + +EDIT: This goes out to everyone that wants to cherry pick things and dismiss others accomplishments. So I'll clarify a few points. + +"You live rent free". Yes, I do. Thanks for reminding me. I've lived rent free for two years out of my adult live. Once when I was 18 and then again this last year. I've paid my fair share of rent folks. + +"You are given a car FOR FREE". Sure, true. It's a 21 year old Subaru with no AC that I do all the repairs on myself. Yes I pay for gas and repairs. My car was crashed last year. + +"But you have a co-signer!" Look man, I had a family member help me out. I'm extremely grateful for that because without them I wouldn't be making this post + +My point is that I received HELP. I believe everyone gets help in various ways. Some more than others. I'm sensing a lot of spite in the comments for the help I got. I'm sorry this isn't the story where I grew up alone on the streets and clawed my way into this house with no assistance whatsoever. If this story doesn't belong in this sub please let me know. +Discount is 10% off on purchases "shipped and sold by Amazon.com" for 3 months after you arrive. I found my coupon when I changed my address online with the postal service and they showed some promotions afterward. A lot of people might not find out about this until after they already move in and miss out and buy some big ticket items without the discount. + + + +As far as I can tell, Amazon doesn't actually verify whether you moved or not so do with that info what you'd like. I'm not sure about posting links here but the easiest place I have found is to just Google "slick deals amazon move discount" + +Also, since I just moved, id love some other tips/tricks/discounts on saving money due to a move:) + +Edit: I see a lot of people commenting on boycotting amazon for their treatment of workers, and I would urge you if this is something really important to you, to look at other companies (such as FedEx and walmart) and their warehouse conditions. Amazon may not treat their workers the best but they are far from the worst in an infrastructure of warehouses that makes our current society possible. I'm not judging any of you commenting :), just hoping to shed some light on a lot more people getting treated unfairly but without the national coverage being that this has kinda blown up. +I've seen at least 2 post today on reddit of people claiming that they are gonna pull their money out of the stock market due to consistent losses. Most of their holding are stocks that were once popular on reddit and more than likely they bought at the very top of the hype but that's not here nor there. The fact is that if you invest money that you don't need any time soon you can just ride the wave of losses. + +I'm personally living paycheck to paycheck and could definitely use the money I have invested but I keep trying to see that money as LOST already. Maybe not the greatest thing but I'm definitely not dependent on it and don't plan on using it anytime soon. There's a certain Game ticker that has lost me a ton of money these last 2 weeks and I haven't bat an eye because I'm not counting on that money. + +I know a lot of us have been and continue to be broke and when we hear people on reddit discussing a damn near certain winner you want to jump in and make some money. But the truth is most of the time it's either a Pump and Dump and more often than not these people are just wrong. + +So my advice to you is if you can't afford to invest money and not touch it for at least a year whether it goes up or down then just don't invest that money. You'll most likely pull out too soon and just lose money. +Hello everyone, + +I would appreciate it if you could give me some advice on my planned investment portfolio setup. + +Background: I am 29, live in Germany and I am planning on investing roughly 1,000 EUR each month. I am looking for a long-term investment strategy and I am fine with some addtional risk at the moment. + +Around 90% of my portfolio will be distributed across these ETFs: + +* iShares Core MSCI World (50%) +* iShares MSCI World Small Cap (10%) +* iShares Core MSCI EM IMI (40%) + +The remaining 10% will exist of individual stocks I believe in and that I would like to weight higher. + +Besides that I will keep around 2 net salaries in a call money deposit account where I will also put money for shot-term wants like vacation etc. (might a money market funds be the better option here?) + +Currently, I have around 15,000 EUR I can spend on these investments. Is it a better idea to just buy all of these ETFs in one go or distribute the payments over the upcoming months? + +Does this make sense? I am fairly new to all of this. Thank you! +What are our chances of getting a home loan as “low income” earners. My husband and I both make about $60,000 each a year ($120,000 combined) but he is classed as permanent part time and I work two casual jobs that I’ve only just started. One kid. Live in QLD. + +We have a lease that will be up in May next year and by that time I’ll have been working for a year. My husband has been in his job for like 10 years. + +Due to circumstances and medical bills we didn’t have much savings but have managed to save $10,000 so far. Also paying off some credit card debt. + +We live in a regional city where we’ll be able to get a “liveable” house for $300,000ish hopefully. I’m not interested in borrowing as much as we can, I want a smaller house and a smaller mortgage. + +Anyway, what are our chances? I’m willing to apply for any and all government schemes. Wondering about the FHSS and if that’s better than just straight saving the money in an online account? + +I just can’t handle renting anymore! +Good day, I'm a freshman taking AB Economics (i really thought this would take less math). + +My first year is proceeding not as I've expected it thanks to our math subjects. Algebra for this year, two calculus for next. Econometrics, Math for Economics, and Statistics are following. The term is ending and I'm planning to self-study mathematics before things take a wrong turn. But studying from scratch would just lead me nowhere. I even saw, from an earlier post I made, that trig is barely used but our subject is Alg + Trig. + +I won't say I'm terrible in math but I also won't say I'm good in it. I'm just pretty average who didn't take calculus during high school (regretting I didn't, thankfully I did during middle). + +&#x200B; + +So can anyone provide me a grasp of what topics I should focus on? + +Here are what I know: + +Algebra + +Calculus + +Statistics + +&#x200B; + +But these are too broad, tbh. I do know, however that I need to focus in Algebra is Linear Algebra, yet not disregard the others. Also I should learn a lot about matrices. In calculus I'm not really sure but I did see some online videos saying that it'll mostly be about optimization, differentials, and integrals. For statistics, on Linear Regressions. + +&#x200B; + +Statistics may be difficult, yet that's the only subs we're allowed to use tools so I really wouldn't focus on that much (still i'm planning to study it). Can anyone provide me the topics I should focus on and focus on the most. Espeically with econometrics and all the scary ones. + +&#x200B; + +Thank you for the help! I'm falling in love with the program! +And sell it a day after the ex dividend date? + +Is that against the rules or something? + +Saying all things are equal (the stock doesn't collapse in the week I buy it to the week the dividend executes).. + +&#x200B; + +EDIT: I just wanted thank everyone for answering my question with real advice, and not making fun of me or anything like that. As someone who is new to dividends I know I asked a question that everyone has asked themselves, but it was a new one for me. + +So thank you to all the great commenters and their genuine answers. I truly learned a lot. +Hi Everyone, + +I am new to the trading world, taking my time to learn strategies and methodology and hopefully eventually apply my software engineering skills to help me trade. + +I've come across places like Profit.ly, which seems to be some sort of penny stock trading community. + +In particular.. looking at the leaderboard.. some people with insane gains: +https://profit.ly/user/dux/chart + +I am not saying this isn't real, it certainly could be. I am assuming the guy is trading pretty much exclusively Penny Stocks. But I have also been around the internet too long to take this at face value. There has to be some sort of catch with this. is the guy basically gambling and just getting lucky? Are gains like this actually possible? +&#x200B; + +For comparison: + +|Company|EV/S|EV/FCF|EV/E| +|:-|:-|:-|:-| +|**Stellantis**|**0,13**|**0,72**|**1,5**| +|Ford|1,1|8,0|8,2| +|GM|1,0|\-113|13,4| +|Volvo|0,59|\-34|13,2| +|BMW|1,1|12,8|9,9| +|Tesla|19,0|283,1|186,0| +**the problem:** +All investors should use discounted cash flow calculations to influence their investment decisions. But only a tiny minority actually do. + +I think that's because the calculation is almost exclusively done on complicated and time-consuming spreadsheets. + +**the solution:** +I am currently developing a completely free app - genuinely 100% free - that will enable new and experienced investors to calculate DCF with as few as 4 numbers, and save results to a watchlist. + +(4 numbers possible because around 600 companies’ financial data is saved to the app. For companies whose financial data is not saved, only 2 extra numbers are needed - latest FreeCashFlow and shares outstanding). + +After the first calculation, users will only need 2 numbers for every new calculation as their required rate of return and terminal growth rate numbers are saved. + +The app will also include a video that explains what the calculation actually is, and how to perform it by using the app. + +This will make DCF much more accessible to new retail investors, but also give more experienced investors (who frequently use the calculation) a much more efficient way of doing it. + +**My question:** +Would you be interested in downloading this app? +I realized that I’ve spend $350 on Starbucks in the past two months... it started out just an occasional coffee every couple days then every morning, then I started getting breakfast along with my coffee.. My coworker gets it every morning so I figured, if she can afford it, so can I.. I mean, I was easily spending $7 every single day... I’m so mad at myself for letting it get this far, but I’ve bought some pre-made iced coffee and some microwave breakfast sandwiches... wish me luck +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? +[https://moneyweek.com/investments/stockmarkets/604997/federal-reserve-interest-rate-rise](https://moneyweek.com/investments/stockmarkets/604997/federal-reserve-interest-rate-rise) + +In an attempt to contain raging inflation, the Federal Reserve has raised US interest rates by 0.75 percentage points. And it’s going to keep on raising them till something breaks, says John Stepek. The **“Fed put”** is dead. Or at least, the stock market level at which the Federal Reserve, the US central bank, will intervene with the soothing balm of looser monetary policy, has been lowered substantially. That much is very very clear. If anyone had any doubts, yesterday’s monetary policy decision should have set them right. The Federal Reserve isn’t playing games anymore. Yesterday, the Federal Reserve raised interest rates by three quarters of a percentage point. It’s now targeting a Federal Funds rate of 1.5-1.75%. When you think about how unthinkable that would have been just a year ago, it’s staggering. Most investors were quaking at the notion of a quarter point rate rise.   +Here's the post from last year showing TD's list of highest conviction stocks for 2022: [https://www.reddit.com/r/CanadianInvestor/comments/rzfl19/td\_action\_list\_highest\_conviction\_stocks\_for\_2022/](https://www.reddit.com/r/CanadianInvestor/comments/rzfl19/td_action_list_highest_conviction_stocks_for_2022/) + +Here's the spreadsheet I made to automatically track the stock performance: [https://docs.google.com/spreadsheets/d/1jD6URY1S0a34O2GT982RD79rL35\_tRaXLuVcT0mXJD8/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1jD6URY1S0a34O2GT982RD79rL35_tRaXLuVcT0mXJD8/edit?usp=sharing) + +In the event that any of the companies went private or were de-listed from the stock market, I entered its last closing price. Here's the chart of actual versus predicted % change: a strong negative correlation, so the higher TD predicted the stock would go, the lower it went... + +https://preview.redd.it/geq48csf429a1.png?width=600&format=png&auto=webp&s=2610d4de40ee9f550bafdf2f68b954e3087193b3 +>Master Edit- [Got the YouTube version working. Along with an in depth explanation on points that have been raised so far.](https://www.youtube.com/watch?v=z8eWbxXlPFw) +> +>Good Morning Everyone, I am so sorry to do this. But I shutdown last night due to the overwhelming response. I can't possibly reply to everyone! I wish I could, I will read every comment though and reply to direct questions where I can and where another ape hasn't answered for me. + +**TL;DR** + +I can prove GME has had 5.3 billion worth of SI conversions/FTD transfers occur since the start of the year, by use of divorced puts. + +**INTRO** + +Hello Motos, + +This has been a while in the making for what has turned out to be a relatively brief DD (by my standards). Before I dive into this, the DD is gonna be spilt into several parts. + +1. Explaining Divorced Puts +2. Methodology (explaining how I did it) +3. Raw data (not a full print out, just the overview) +4. Analysis +5. And links to the source data, proof I did the work etc. + +>If you like what I do, then check out [My Reddit Profile](https://www.reddit.com/user/MacAttack218), [My YouTube](https://www.youtube.com/channel/UCpSlTZQYldI_jRGTCdzCatg) and [My Twitter](https://twitter.com/TheKiltedTrader) for more. + +Also the videos/DD I am linking to is just DD I've done about divorced puts in the past, nothing is required reading/watching as I'll be explaining everything fully within this DD. + +**EXPLAINING DIVORCED PUTS** + +So I've explained Divorced puts until I'm blue in the face. And my old explanations still work. So here is a copy and paste, there is some slight editing as my understanding grows so does the way I explain them, the edits will be in bold (expect section titles of course). + +>**What is a divorced put?** +> +>Firstly it's a term I coined after arguing with someone over the semantics of a name. I kept saying married puts and then explaining the variation but I kept getting told "That's not a married put" as such since the variation is that different I'm calling them divorced puts. +> +>In a divorced put you need two parties. You need your OG shorter, who has **either** short sold shares in a company that they need to cover **or an outstanding fail to deliver position they need to close** but don't want to buy legit shares to do so with. Secondly you need a market maker (who is also very likely short on the same stock) who is willing to bend the rules a little and help out the OG shorter. +> +>The OG shorter buys either deep in the money, or deep out the money put contracts, equal to their short position, from the market maker for a date far in the future. +> +>Technically It doesn't need to be deep itm or otm puts but by choosing deep itm or otm puts they can be pretty confident they are buying and selling to each other due to the relatively low open interest. Likewise it doesn't need to be dated far in the future but the further in the future the Put contract is the less open interest it will have and the longer the OG shorter and market maker have to try and get the price of the stock in question down **(this applies more to SI conversions than FTD transfers)**. +> +>The market maker then naked shorts and sells the OG shorter shares equal to their short position. +> +>Again, you can't decide who you buy and sell to on the open market. However using a combination of naked shorting during low volume times and dark pool abuse you can be pretty confident of who the shares are going to if you coordinate. +> +>The OG shorter now has a short position, the equal amount of shares and put contracts worth the same amount of shares. The OG shorter then uses the shares given to close their short position just leaving them with the put contracts. +> +>The Market Maker also lets these naked shorts become fail to delivers. +> +>With this the short interest has been converted **or the fail to delivers have been transferred** into fail to delivers held by the other party. +> +>**Example of divorced puts.** +> +>I've always found shit easier when I can walk through an example. So I'll do that for you now, if you understood the above and aren't interested in an example just skip to the next bit. +> +>So OG Shorter has short sold 100,000 shares of company XYZ when it was valued at $100 a share. The price of XYZ has risen to $250 a share and is at a level where if the OG shorter was to cover they would be at a severe financial loss. As such they call in their Market Maker friend. +> +>The marker sells the OG shorter 1,000 put contracts at $5 strike, dated Jan 2022. The market maker also naked shorts 100,000 shares and sells them to OG Shorter. They then let their naked shorts become 100,000 fail to delivers. +> +>The OG shorter uses the 100,000 shares they were sold to cover and close their short position. They now only have 1,000 put contracts. +> +>From now and until Jan 2022, the market maker stays in a battle to continually reset the fail to delivers. Abusing the T+2 time line to ensure that the true figure of fail to delivers is never revealed. +> +>Come Jan 2022, and the puts are about to expire. Either they are exercised or they are not. If they are exercised they can become fail to delivers or are re-shorted on the OG shorters end, or if the puts aren't exercised the market maker keeps them and just tries to deal with the fail to delivers. +> +>**Why it can't be used to calculate synthetics.** +> +>As you see from the above when the puts expire, the fail to deliver aspect doesn't disappear and that share is still owed. +> +>So the 40.4 million GME shares that were represented in the July 16th divorced puts are still needing to be dealt with and covered but can't be included in today's numbers. +> +>**Auto/End of Day Execution** +> +>**Also, of important to this DD, I've since expanded my understanding and now see that you can have divorced puts used with auto or end of day execution. When they do this strike and Open interest doesn't matter, and more importantly doesn't register as OI, and all that matter is volume, they want it to be so overwhelmingly large that they can be 90%+ sure they know who they are selling to/buying from.** +> +>**Bonus points if they use darkpools to buy and sell the contracts (by darkpools I mean all ATS and non-ATS OTC exchanges).** +> +>**Working theory at the moment is this is more for FTD transfers or emergency SI conversions.** +> +>**P.S It also seems as if people aren't aware you can trade more than just share via darkpools, pretty much any finiacnial asset can be traded via darkpools (expect crypto by it's very design).** + +**METHODLOGY** + +So I've done plenty of DD in the past about divorced puts in regards to the open interest strikes. However no DD has been done on the daily volume puts and strikes. And with good reason. + +The only way to do it, would be to open each contract, relating to each strike, on each chain, and check every single one for every single date. And only a mad man, with no life would do that. + +So that's exactly what I did. + +Now that is an incredible claim, that I checked 1300 odd contracts, and checked the dates and volume on each of those contracts (for roughly 1.45 million individual data points). And as my dad always said, extraordinary claims require extraordinary proof. So I recorded myself checking every contract. You can find that here, there is nothing exciting in it unless you love spreadsheets and manual data entry. + +Next I had to choose how much daily volume for a contract would be considered unusual. This was a harder figure to nail down, but I eventually settled on 2,000 contracts for GME. The figure chosen was largely arbitrary and chosen to be safely above normal volume, and if 2,000 contracts is good enough u/DeepFuckingValue it's good enough for me. + +For reference I ended up with 1,200 data points chosen and selected as unusual out of a total of 1.45 million (or 0.08% of all data points). + +From there it was just a matter of going through the contracts. Slowly but surely. + +>**Limitations-** +> +>Every good study, research piece, briefing paper etc. acknowledges its limitations. I am no different. +> +>Firstly like I said, the number I picked for unusual was large and played to conservative estimates, meaning we have lost divorced puts that should probably be included but I'd rather focus on the ones that I am 100% sure on. +> +>Secondly, I do not have access to historical chains. I started this on Sept 15th meaning there are 34 weeks since the start of the first run up, where I don't have the data. So again, numbers are likely to be ALOT higher than they already are. And then are already ridiculous. +> +>Finally, I've had to pull this data manually, as I'm unaware of any automated services that do it, and my limited programming knowledge doesn't extend this far (if yours does DM me, as I have big ideas on how to extend this much MUCH further), with manual data entry comes the realistic expectations of manual data entry errors. I've done my best to review the numbers, and all the big standout numbers/dates are correct but smaller ones may have slipped me by. I'm only human. + +**CONTROL** + +So I showed this to a few wrinkle brains before posting. One made the excellent suggestion of having a control ticker to show that the volume of puts was abnormal. + +Initially we narrowed down four stock tickers Lyft, American Airlines, Dominoes, SoFi. All 4 had Market caps in between GME's and the movie stock's ($15b to $20b for reference) and shares outstanding that were large enough were a few contracts wouldn't be considered unusual. + +So when I went to check, all four were pointless to data pull on. Firstly they had nowhere near the amount of strikes GME did, and the lowest strikes were never as far out the money as GME's were. + +>When I saw nowhere near, I mean no where near. It took me 1 hour to review all 4, and then review Facebook and Apple. Where as it took me roughly 7 hours to do just GME. + +Secondly, they had super low Open interest compared to GME. + +Finally, they had no EoD/auto execute volume that was worth noting (the highest over all four tickers was 357 contracts for a 40 million outstanding. Which would be 800 ish for GME I.e. Well below our thresholds and only on one date. + +So I expanded my parameters and started including the big hitters in terms of Market Cap and outstanding shares of Apple and Facebook. Same deal, nothing notable or reportable. + +I plan on making a video to just show this later on, again it'll just be boring data entry video. + +**THE RAW DATA** + +[https://preview.redd.it/1we18hb5fgp71.png?width=1770&format=png&auto=webp&s=78f1b88bc441efb3fd8ab203a70e8cf5e4348b72](https://preview.redd.it/1we18hb5fgp71.png?width=1770&format=png&auto=webp&s=78f1b88bc441efb3fd8ab203a70e8cf5e4348b72) + +&#x200B; + +Since the start of the year GME has had 5.3 billion shares worth of divorced puts, showing that 5.3 billion shares have either been converted from Short Interest into fail to delivers. Or have been transferred from one holders fail to deliver position into another's. + +This is 69x it's current outstanding shares. + +**ANALYSIS** + +Both tickers show a frankly, unbelievable amount of fraud in them. We've always known this. + +We've proved this, time and time again, and this is another hand grenade in that fight. + +One thing that apply to both tickers is that we see a major increase in divorced puts during run-ups. That's to be expected as it will be the time when they want downward pressure and to have FTD clocks reset, and SI at it's lowest. + +GME's figures are heavily stacked in Jan, with one date alone Jan 27th (wonder what happened the next day) accounting for 36.8% of all it's divorced puts. Once we remove this date we see a lot more consistency in GME's numbers. With a few dates firing off here and there outwith GME run-ups. + +And this is just with the data that I have access to, those previous 34 weeks would have shown similar numbers. + +If we go into speculation territory and say that the Average weekly ( by expiry date, not date bought) is only half of what we've seen so far (which is conservative as we have 13 chains to pull from currently, and we have seen 34 go by, but let's play conservative) Then GME will have seen roughly 10 billion transfers/conversions this year alone. The number actually baffles. + +**Parting words** + +There is a lot, a crazy amount, of data here. I am looking at it from a divorced puts perspective. + +I will be referring to my spreadsheet regularly in upcoming DDs as and when I gain more knowledge for them, but I will give you a link to the spreadsheet below (using google drive, so it putters out let me know), try and find your own analysis and conclusions with this data. All I ask is to be tagged in the body of the text and first comment, as I want to see what else is found! + +I'm also going to try and maintain a weekly unusual option volume register. + +But I also have the recap, look ahead, DP/SV weeklies (plus a full time job, a life outside of Stonks, friends, family and my partner) so some weeks might have something giving if I'm short on time. + +**LINKS** + +[Link to source data, where I pulled all my data to.](https://docs.google.com/spreadsheets/d/1bUtNJBYOLTL8qhfq1iWqsFjr9fBS8X3f/edit?usp=sharing&ouid=104427728296208248062&rtpof=true&sd=true) + +Link to the proof of work video. + +[OG Divorced puts, excuse the TTS I wasn't as confident talking at that stage](https://www.youtube.com/watch?v=Tm_pvrFkYp0&t=5s) + +[Link to my Sept 16th Divorced Put update, deals with the OI.](https://www.youtube.com/watch?v=aCXBzHN6WRY&t=3s) + +[Update to the above video where thanks to u/bobsmith808 I started to cotton on to the idea of daily volume divorced puts](https://www.youtube.com/watch?v=9x1TLFMxiL0) +As you guys may know the state of wsb is not great at the moment, and we should be seeing alot of people coming from there to here, I would like to say if you're new this place is not wsb, this is a place for legitimate dd and discussions. We have to preserve this sub because as far as I'm concerned it's all we have left, r/investing is fine but it's slowly becoming a ghost town, and wsb is in utter chaos so this is the last we have so we better take care of it. +So recently a person fell prey to a Bitcoin doubling scam and sent the single largest payment of 26BTC to the scammer. + +I found the scammers wallet address and found that the scammer has received a whooping total of 87 BTC(Worth a total of 3.6 mil). + +[His bitcoin address has been reported on scam alert. ](https://preview.redd.it/zvt7kv9u2gc81.jpg?width=1280&format=pjpg&auto=webp&s=989bf9aa6db66fbbc249eb9b94544d65cad4fdd8) + +This person managed to earn 3.6mil dollars from a YouTube live video. This money is enough for someone to retire and live a happy life and falling for such a petty scam is stupidity at its finest. Now there is one very happy Nigerian prince out there. Doing almost nothing for a cool 3.6 million dollars. + +I have decided to do research on tools that can be used to not fall for these scams. I will make a post on what these scams look like, what you can do to make other people aware and not fall for these yourself. It may not be perfect but I will try. I can use all the help I can get. There is no one out there who will double your money willingly. + +Edit:- Thanks for the awards. I have made a promise and intend to keep it. If you guys have any suggestions please do DM me. Ohh boy, I fear what will happen if I don't keep my promise or fail to deliver. + +Edit 2:- Many of you don't know how these scams work, [so here is my old post attempting to explain it.](https://np.reddit.com/r/CryptoCurrency/comments/s1a7ft/can_someone_explain_to_me_how_people_fall_for/?utm_source=share&utm_medium=web2x&context=3) +Hey guys. + +As I imagine many of you did, lately I learned that the US Government has issued new saving bonds that return a staggering 7.12% annually. + +Here is the official link where you can find more info: [https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res\_ibonds.htm](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm) + +Now, my question is: given that as a non-US citizen I cannot invest directly in that instrument, is there an equivalent, fixed income instrument, with a solid issuer, that could return me around 7%? + +Which is to say, again, as a european, can I get exposure, even indirectly (if for example a vanguard/blackrock replicates that instruments) to those kind of fixed returns? +My GF had one speeding ticket last year. It made her insurance rate go up by $29/month for 3 years. This means that a single speeding ticket cost $1,044 MORE than the fine itself. + +I never intentionally speed, but I had no idea that the cost of a single ticket could be so high. If more people were aware of this, there would be much less speeding and people could avoid these needless extra costs. +*Let's be honest here.* + +**Bitcoin is going to hit $700k very soon**. Just look at the chart, all the indicators say it: + +&#x200B; + +[See what i mean?](https://preview.redd.it/mf2hbywsfxn71.png?width=791&format=png&auto=webp&s=285a036001ef705fc8e37dcf20658219cca3cab1) + +Like, if you're too ignorant or too old to see this **Golden Apache Helicopter pattern** what are you doing? And this isn't even the only proof, just have a look at the maths: + +&#x200B; + +[Meths never lie](https://preview.redd.it/bvyoijnjlxn71.png?width=977&format=png&auto=webp&s=577a3ce61d840fe22a5f7748e1b10f58e5673a51) + +I got in early myself at $46k because someone on Discord gave me this info in return for my creditcard codes, who needs corrupt fiat anyways?? + +You don't need to thank me for giving you all this precious information. I just 125x leveraged my wife and dog so I'll make my gains.. + +Happy Green Dildo day and stay woke! +The market is going up, up, up. and hopefully many of you were able to make money during this latest bull rush. + +Let's start with what you *shouldn't* do right now - **don't try to pick tops**. You might be thinking that the market is going to take a break for a bit and it is time to get ahead of the drop and short SPY. Whenever you have the urge to do something like this just ask yourself this question - + +"*Is this strategy based on anything other than my gut feeling?*" If the answer is **No**. Then **Don't Do It!.** Pretty simple. If you cannot find any technical (or even fundamental) reason to think the market is going down, than you need to wait for technical confirmation. What would that be? SPY below 401.50 would be the first technical breakdown. Do not short the market until you see that upward trendline breached. + +Now it is possible that your portfolio is overly bullish right now. While Day Trades are generally in cash at the end of the day, many Day Traders also Swing Trade, and given the current market conditions you might be holding quite a few bullish positions (for most of you I am guessing - straight Calls). So what *should* you do? You could *hedge* your portfolio. You are not looking for a long-term hedge here, and you certainly don't want a 1:1 hedge on your positions either. However, VXX Calls are not a bad option (pun intended). Why? Because the rate of decay in VXX has slowed dramatically - meaning even if you are wrong and SPY continues to rise, VXX is not going to drop in equal proportion. However, in a market this strong it will take a fear-inducing catalyst (e.g. interest rates) to reverse it. You could even grab some LEAP VXX calls and sell weekly premium against them to cover the cost if you wanted. + +*What else should you be doing?* ***Be Flexible*** + +To begin with, if you are not familiar with using option spreads to day trade, you need to be. The more tools you have to work with, the more successful you will be at this. For example, on Friday I wanted to trade AMZN early on, but after the initial jump up it wasn't clear which direction AMZN was going. So instead of buying the stock or calls, I used 0DTE Call Debit Spreads. I did one 3340/3345 for a $1 debit and 3320/3325 for $1.50 debit. The moment each went through, I put in an order to sell those spreads for $3 and $4.00 - which would be a 200% and 166% profit on each. Since they were 0DTE I was able to get those credits on both when AMZN took off later in the day. Would have calls been more profitable? Yes, but CDS reduced my risk and freed up capital. + +I noticed throughout the day that AAPL was stronger than SPY. Even when SPY declined on the 5-minute chart, AAPL either stabilized or went up. About an hour before the close I was able to get AAPL 132 0DTE calls for .20, which I then sold for .65 about 45 minutes later - a 225% profit. These are called **Lotto** plays, and are best done on Friday's, about hour or two before close. + +There are a number of strong tech stocks that I was able to do OTM Bullish Put Spreads on, with expirations 2-3 weeks from now - each spread getting a 25% credit. Because these spreads have the short strike below at least 2 major areas of support, there is a higher than 75% chance of them being successful. + +Finally, throughout the day I traded stocks like DASH, FUBO, GPS, AAPL, ATNF, etc. Notice I said, *throughout the day*, meaning not just the first hour. Those stocks all had strength against SPY, so even if the market were to reverse or pause, I knew those stocks would remain strong. + +Overall, I used *Call Debit Spreads, Bullish Put Spreads, Straight Calls* and *Long Stock* to take advantage of a very bullish day, I also took some VXX Calls to balance out some of my overnight bullish spreads. I waited for about 30 minutes before I even made my first trade, and finished the day with a closed trade record of 13 winners, 2 misses and 1 scratch. + +You need to be **flexible**, every situation is unique and if all you know is buying and short selling than you are handcuffing yourself. + +You don't *need* to be in cash at the end of every day just because that is what they say Day Traders should do - that's garbage. If a stock has a good D1 chart with significant support levels, and there is an opportunity to continue taking gains, there is no reason not to hold that stock or spread for the short term. + +You don't *need* to make most of your trades in the first hour. *Gap and Go* is a fine strategy but it is not the only one. Most of my best trades actually come well into the trading day, particularly since I have a sense of where the market is going and which stocks are strong/weak relative to that market. + +For those of you who are new Day Traders, try this on Monday ***if the market is up again*** (note: these are just suggestions, not financial advice, I am not a financial advisor, etc..etc..): + +1) Don't trade in the first hour + +2) Find 3-5 stocks that are strong relative to SPY - this means that when SPY goes down, these stocks continue to go up or remain flat. And when SPY goes up, these stocks go up even more in proportion. + +3) Have the 3 & 8 EMA on your charts, and set the charts to 1M and 5M. + +4) After first hour, watch these stocks - wait for them to pull back (the 8 is above the 3 on the 5M) + +5) The moment the 3 crosses the 8 on the 5 minute chart (for those of you who like riskier trades, you can use the 1M), buy the stock - *make sure it is still strong relative to SPY*. + +6) Sell when you see the 8 cross back over the 3 (if you are on the 5M you make want to take profit before the cross happens and you see a downward trend occurring). + +***Also -*** On stocks priced over $100 that are up over 5% on the day, do an ATM Call Debit Spread where the debit you are paying is less than half the distance in strikes (*so if you are doing a 125/130 CDS, there is $5 between the strikes meaning you want to pay a debit less than $2.50*). Set your sell order the moment it goes through to take 10-15% profit (*on Monday's that is the best movement you can expect on CDS'). So if you paid $1.20 for a spread, put in an order to close it for around $1.35 credit.* + +Hopefully these two suggestions alone will help show you different ways to take advantage of a bullish day. + +Good luck this week! +\$BUNNY has recently undergone a small correction from peak which makes now an excellent buying opportunity. Unlike all the other hyped coins \$BUNNY actually has a product, a realistic roadmap and a reliable core dev. The recent selloff was from whales and now \$BUNNY is free of them we have nowhere to go but up. + +As always, DYOR but I believe \$BUNNY can easily 10x from here with the upward pressure on price. + +Get in soon: Buy on uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x3ea50b7ef6a7eaf7e966e2cb72b519c16557497c +**Sorry if this is not allowed, I will attempt to keep the name out of this as much as possible to attempt to show this is not a shill but my crazy experience over the last few days and how it changed my viewpoint on crypto. If you are interested in making your token, or just how the under belly of crypto works, then this is for you.** + +This is a legitimate, crazy story that has changed my mind on crypto and taught me a lot about the trappings of small cryptos on the DEFI scene, specifically Harmony One's network. This is a long story. + +**Where this adventure started** + +Strange beginnings for a crypto, but I wanted to know how markets worked, how easy it is to manipulate a price, see how much buys and sells effect crypto. Now I am not rich by any means and didn't want to destroy someone else's project, whether it deserves it or not. So I went looking for a cheap way to build a token and deploy it onto a smart network. I first went to Harmony as it is a project I am really excited for (although this experience may not sound like a glowing reference to Harmony at points, I genuinely still believe Harmony will be a top coin in the future). + +Luckily for me, a token generator exists on the Harmony network (it is called tokenjenny, in no way affiliated). I genuinely do not remember how I found it, but it is likely due to the fact it has a tournament with Viper (what I believe will be the number 1 DEX on Harmony, but I have a small bag so I may be biased). I created a simple token based on what I would want out of a small token, a small hard cap on tokens to, no burns, no sale tax, no airdrops. Just a small token which value held itself against itself without using fancy gimmicks. This was also the best way to change prices. + +After a few clicks and a wallet connect, I had all 1 million of my token in my wallet. Ridiculously easy and fee less I believe, with the only cost being the cost of sending the coins to my wallet on Harmony. And there you have it, I own a crypto. + +**The self market manipulation** + +In the beginning I did not have a clue what I was doing, if I am honest. I thought I did, but once you hold it in your hands and you are responsible, trust me it is different. I immediately dropped 8 ONE (about 50c at the time) against 750k of my tokens into liquidity on Viperswap and I had a live token. From there I proceeded to trade the coin in small amounts until the market cap had gone up to around $20 (this is a guess, it could have been less). I sold some more, then bought back and carried on watching how a big buy vs a small buy sent the price to different levels. And how the DEX actively worked against you buying all the liquidity at once with price impacts. This made it clear to me that this actually works. If people trade it, it will go up. This is obvious, but having full control of the market cap of your coin is again a different feeling. It felt strangely powerful and I wanted to know more. + +**The dumb luck** + +So I knew the only way to know more was to join a pump and dump group. I arrived at a newly started one on Telegram aimed specifically at Harmony projects. At this point the coin was still a self experiment and I introduced myself to the group awkwardly (I am a very awkward person) and started asking questions. The group were nice and quickly I learnt that I needed to burn my tokens so people trusted me. They even taught me how to do this (twist regarding this later). I decided to go for it. They were complaining about a coin that had just rugged and the owner had too much tokens, so I stacked another 200k of my token into liquidity and sent it to a burner address. + +**The social experiment** + +So, I decided to explain myself to the chat. My coin was an experiment to me and I decided to be honest about that. That and the fact someone could easily buy the whole supply, I said the truth, I am testing your greed as if you buy too much then you will destroy the token. I thought this would lead to someone going FU and just buying it and me being completely out of all my money, which I was ok with, my experiment would then be complete. + +**What actually happened** + +People bought little bits, the price rose. It started under 0.00001c which was the lowest value possible on the analytics. After a few hours it had reached 0.00001c. No more > sign. Nice. I thought that would be the end. People were saying how much they liked how I put things, how I encourage selling. I woke up the next morning to it being 0.001c. I realised at this point I was in control of peoples money in a way and therefore I had to be responsible with that. I would hate to be why people lost money down to my experiment. + +**Putting the work in** + +I opened up a telegram and added people. The prices at certain points gets hazy at this time because it was all so surreal and a major whirlwind. They asked the obvious question, what now? What now indeed. I did not want a pump and dump, I couldn't do that to people. Don't get me wrong at some point I will sell some, but for now I just wanted to make sure I didn't lose people money. I set a price target of 1 token = $1, if not 1 token = 1 One thinking it would be unreachable. The price hit 0.01c. I promised to make a website. I looked into ways to add value. With a coin that does nothing the only value it has is the value that people put to it, so I went looking for ways to add value. It became pretty clear to me that the best use case for the token was to use it in liquidity pools. But how do you get one of those when your coin is still under $1k? I joined the token jenny tournament. A tournament where the 1st placed prize would get you an incentivised pool and a nice cash reward. The price hit 1c. I made a website and set up a tournament to create the logo, paying in my token. The website was to be revealed after the tournament. The price hit 6c. My token had a market cap of $60k in the space of a week from creation. 8 One had turned into a value of 1 million One in the space of a week. It rose to 8c. + +**The dump** + +I woke up the next morning and the price was 4c. Ouch. My worst fears had happened. It had battled against it but that was it, the end. Or so I thought. People asked what happened and to get people interested I went shilling. Not to pump and dump, but to get new customers. Not all the dump was people selling all, they were just taking profits, good. I had said from the beginning, you sell when you need to, no one knows your story and what that amount of money will do to you. People liked my response. It battled to 10c but dropped again. + +**The copycat** + +Someone released a coin called 1 billion. It was a reference to my name and advertised it as homage. It was a memecoin standard, where there were burns, tax and no proof of liquidity burn. I found it a compliment. People were annoyed that I didn't get annoyed, but I genuinely thought it would be good for my coin. + +**100k Market cap** + +This weekend was meant to be my wedding anniversary and nephews 1st birthday. I spent all weekend keeping people active. Growing bonds with people and advertising the competition. The competition happened and the response was immense. Immediately I added the winning logo to the website and shared the site. I expected to wake up back at 1c with the hype dying and having to talk down people wanting free crypto. I had made the mistake of paying people who did not win too as I liked their submission. Big mistake. + +I woke up with the price at 9c. As soon as I was active again it was at 14c. + +**Jealousy/FUD** + +So I had started noticing that certain people were saying not so nice things about my token and me. The main one being the rug pull. Easy to get rid of with proof of liquidity sent to dead address. This did not stop it. Then it was that I will print more. I showed the contract, hard cap 1 million tokens. They created a telegram group to do group research into new tokens. Fine by me, it is needed. 1st post, my token is on their watch list. I lost my rag. I didn't understand what their problem was. I should have stayed out of it, but it was other people's money in my hands. It felt personal. I managed to bat back every FUD except the fact there could be whales, I couldn't argue that, there were 2 or 3. It was inevitable. + +Then I went onto viperswap tradeable coins on Coingecko and realised my coin was the only Harmony coin with a green trust score. They soon gave up. They were the creators behind 1 Billion or in the circle. 1 Billion got rug pulled. I came out shining. The price stayed stable. + +**The tournament** + +We flew into second place and have stayed there since. The leading coin is probably out of reach, and they know the tournament creator and viper devs. It feels like they were meant to win. I hope I am wrong. + +**The hype dies down** + +So this is now getting to present day. Big buyers become smaller sellers, but still selling. We sit at a still very respectable 6 to 7c. I have plans, and will soon start approaching other DEX's for liquidity pools as I now fully understand our value in a pool. Being none deflationary nor inflationary, our value would hold a coin up very nicely. I have to learn social media marketing too, but I will get this coin on a DEX and in a pool. I have to. + +**What I learnt and how it changed my view on crypto** + +I genuinely thought that it would get bought immediately and I would be dumped off. I was genuinely ok with that. But I learnt that people just want a chance at a better life and crypto gives them hope. Some make it. Some don't. 1 Billion pumped and rugged so hard I had people apologising to me that they had to sell mine to cover losses there. I always said I understood and I did to a certain degree, at least enough to know it wasn't an act against my token. + +The DEX market is really a shit show beneath the hood. Dodgy analytics that lose connection making people think you have rugged (I have been told this is down to Harmony One issues at the moment, which I am inclined to believe). People trying to scam as many people as possible. Harmony was a nice place, but as more comes along the more it becomes like any other. Copies of copies popping up everywhere. It is good, but I wish I could get the message out to everyone, do not dip into it with money you can't afford to lose, even money you don't want to lose. You will lose 9 out of 10 times. There are geniuses in the early days, but they are heavily outnumbered by scammers. It is a shame, but it is inevitable with full decentralisation. + +Token value is set by greed rather than worth. A coin with green candles will outsell a coin with red candle any day of the week. People forget the saying sell when there is greed and buy when there is fear so quickly due to FOMO. It is terrifying and something I am going to start drilling into my kids ASAP. + +Analytics are easily scuffed, especially at low level crypto. I learnt this myself but also watching other coins in the tournament. Do not fall for green candles, please. + +Honesty can win, I was honest from the beginning, I will stay honest. Our little success is testament to this. It pushes me and the community to put more work in and make a genuine project. I know we will get there. + +Being responsible for peoples money is scary. Never will I ever trust anyone again who outright fully enjoys this. I thought it would be fun making money for people, but genuinely it has been terrifying, dizzying and has caused so much anxiety. This is why I have to make this work going forward. + +Thank you for reading this far down and not deleting it if it doesn't get deleted, I thought I would just tell my story, a story I will never forget no matter what. I couldn't it has changed me. +I make about 70k/yr just started being a consultant for netsuite so I believe I have a somewhat of a good career path. Hopefully ~100k in the next 2-4 years. + +I get paid around $4500/mo after taxes + +Right now I my monthly payments are: + +- car $357/mo +- rent $1450/mo +- avg utilities $120/mo +- cell phone $50/mo +- gym $35/mo +- car insurance $122/mo +- haircut $120/mo +- medication $30/mo +- gas $120/mo + +In total that is: $2404 + +So net would be around: $2,096 + +Groceries varies and other expenses.. but what would you guys do? My plan is to try and save around $1000/mo + +What do you guys think? I’m considering moving back to my parents to decrease my rent expense. + +I have about ~20k in 401k, 2.2k cash saved, 1k in my checkings and 1k in stocks. + +I’m always stressing about my current financial situation, I know I shouldn’t compare but social media is just toxic and I always feel like I’m behind, messed up in my early years and now have to save aggressively. + +Please let me know what you guys would do in my position. + +Thank you if you’ve read it this far!!! +A top recommendation on here is outsourcing as much as possible to buy time - but I’m having a difficult time with it. My husband and I have 3 young children, including an infant who demands a lot of attention. We’re both exhausted and constantly feel like we don’t have enough time to get everything done or recharge for the next day. I’ve tried various services to save time - cleaners, organizers, private chef. But I’m pretty frugal by nature, and I always feel afterwards that the services were expensive and the cost benefit ratio wasn’t worth it. + +We doing well financially and I do feel like I’m going to look back and think I should have just spent the money to do anything to make this particularly difficult season of life a little more manageable. Has anyone else dealt with this kind of internal resistance to buying time? +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! + +And I'm devastated. I had been there a few times about 4 years ago, and recently needed it again. + +I am so grateful for this pantry and the kind volunteers that run it. They have great food, lots of variety, and let you go once a week. + +I was fine through it all. Got there an hour early to wait in line (they are only open for 1 hour) and had nice chats with everyone in line. They came out and served us coffee while they set up inside. It really felt like a community that cared. + +While getting food I inquired about dog treats and they were able to give me a good size bag and asked about my babies. It was a great experience. + +When walking to my car holding the large box my knee buckled and I fell. People in line immediately approached to help and I thanked them profusely. Ab older woman was lifting my box and I helped her get it in my trunk. She turned and said "we help each other out, we're all in this together" I agree and thanked her again, and told her I hoped she got a good load. + +I drove off and broke down. Why are these good, kind people made to suffer? Don't get me wrong, I know there are worse things in the world. But when I think of all the rich people and churches (I'm in utah) that just do nothing... it's so hard. +I was inspired by a post I saw here a few days ago and had to share the most bizarre conversation I've just had with BT. Took out a £35/m 2 year contract in September. This week we got notification through that the price would be going up in line with RPI, to around £38/m. + +I've called them this evening to ask what the termination fee would be, as Sky were offering to pay the fee and give me a cheaper deal for the same package - termination fee came to £350, which he said Sky won't pay as the max they will pay is £200. However, he offered me a £1 a month increase to my contract which triggers a new 14 day cooling off period in which I can "shop around" and cancel with no termination fee. I read it all back to him to be sure, that if I accept the £1 increase today I could call back tomorrow and cancel for free, which he confirmed. Some serious loopholes out there and if you don't ask you don't get! + +EDIT: Already had the confirmation email through about the new contract, set up the new deal with Sky and got a cancellation email from BT saying "there is no charge for terminating your contract". +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](http://bit.ly/2wHaMBm). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss that in the Altcoin Daily. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + 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! + +For those of you who are married, you may want to check what you have filed on your W-4 at work - especially if you recently got married. I have seen something like five posts a day that go something like + +>My spouse and I each file as married with 0 allowances on our W-4 but somehow we owe $3,000! What went wrong?? + +There is a simple thing that went wrong here. If you list your W-4 filing status as **Married** (2019 version) or **Married filing jointly** (2020 version), the IRS is set up to assume that you are the sole breadwinner of your family. If both you and your spouse work, your household income is going to be *a lot* higher than your employer thinks, and you will not have enough withheld in taxes. + +There are two easy solutions here depending on your relative incomes: + +**Quick Solution (similar incomes):** On your 2020 W-4, file as married but check the "two jobs" box on line 2(c). This will withhold as if you have a spouse who makes exactly as much as you do, which is close enough for most purposes. If you have a 2019 or older W-4, you simply choose a filing status of "Married, but withhold at higher single rate". + +**Detailed Solution (more correct, or less similar incomes):** You can either complete the [IRS Calculator](https://www.irs.gov/individuals/tax-withholding-estimator) (requires a lot of details) or the Multiple Jobs Worksheet and enter the results. For the 2019 version, use the Two Earners/Multiple Jobs worksheet. This will exactly calculate the right withholding for you based on your situation. +Just curious why you all sell options? Obviously, we're all looking to make gains with our money but just curious what the overall purpose is in selecting this strategy. + +Personally I'm trying to learn if it's a viable option to eventually earn passive income from my retirement account. I'm 40 right now and don't really plan to stop working until I'm 65. + +The way I see it is that there are 3 possibilities to fund retirement from a 401k or equivalent. + +1st is simply drawing down on it for all expenses. This seems like the least desirable because it errodes your capital with a trajectory towards $0. + +2nd is investing in dividend paying stocks/etfs and living off those payments. Pretty good + +3rd would be living off the premium from selling options. Probably requires the most "work" but maybe the best rewards. + + +Just interested in hearing anything you have to add. Thanks to everyone. Learning a lot being a part of the thetagang. +In summary: Money management is crucial, avoid revenge trading, respect your plan and never ever increase position size from one trade to another if it has the same risk! + +&#x200B; + +I started to take day trading seriously sometime last fall. My main motivation behind it is to create an extra source of income to improve my life quality. The idea of making a few 100s$ per day appealed to me especially as I got more freedom at home in last year. If you started sometime you are probably in the same bout. + +The idea of making 2x while risking 1x is simple which is I think most people try this path. Why did I come to to the conclusion of not wanting to day trade anymore: + +Reckless money management after losing trades. You probably hear this a lot from anyone who is successful in this industry. I found that I had no problem exiting trades when my stop area hits (well most of the time at least). For one reason or another, when I lost during some trades I decided to increase my position size to gain back what I lost. This of course worked many times but when it does not it becomes painful. Everyone say it, everyone tells you about it and you make that mistake anyway. (even if you are hedge fund by the look of what happened in some of the meme stocks). The first time happened in early April for me where I was finally seeing more consistency in my results. at the point my trades carried a $50 risk and my reward was $75-150 depending on the setup. I lost two trades in a row, my rules were to never lose more than 2 times a day. Even on a good day, I never trade a lot of stocks, just 5 trades or so and then call it a day. that time I decide to increase my position to risk $100 then I lost followed by another loss which put me at -$300 for the day. I decided to take a step back and rethink what I did. + +I came to to the conclusion to decrease my position size to only risk $10 until I can get back to my confidence. this worked as since middle of April until middle of May I went back to my setups and stats made since. I made back what I lost and then some (relatively easy with just -$300). + +Last week I lost a trade which happened at least every other day or sometimes every day, then I decided to increase my size to get it back. this was on Monday and worked. I felt bad because I know what I did was wrong so I took Tuesday off and went back to it on Wednesday where I made the same mistake but this time I lost. after a series of bad trades I ended with -$200 for the day. I believe I paid more in commission than my average win or loss since the early April mistake. + +If you were to ask about me, I always follow a plan, I always respect my self imposed rules. this is why I believed I can succeed in the market. If you are able to do it on your account, I can promise you will succeed. I could not. I am thankful I respected my hard redline though which was if early April were to happen again, I will leave. I know the losses you see on here are small relative to what others might endure before calling it quits. However, if I were to do this after I become a successful and consistent trader where I would lose 5-10X the amount I am willing to risk per day then I will wipe out my account. + +I am not done with stocks as what I learned from here will be applied to my investing which is longer term. + +&#x200B; + +If you have any questions especially if you are starting out I will happily answer them. If some people are interested, I can make a thread about the setups that worked for me and why the fail. Or what you should and should not pay for to learn day trading. + +&#x200B; + +Edit: thanks for awards. +Where do you think RH got $65m to settle with SEC? + +[https://www.sec.gov/news/press-release/2020-321#:\~:text=Robinhood%20agreed%20to%20pay%20%2465%20million%20to%20settle%20the%20charges.&text=Despite%20this%2C%20according%20to%20the,beat%20that%20of%20its%20competitors](https://www.sec.gov/news/press-release/2020-321#:~:text=Robinhood%20agreed%20to%20pay%20%2465%20million%20to%20settle%20the%20charges.&text=Despite%20this%2C%20according%20to%20the,beat%20that%20of%20its%20competitors). +Indian government just announced that crypto will be taxed at 30% of gains. This is the first time the Indian government is discussing crypto taxation. +The tax will apply to all gains on digital virtual assets, and no capital losses will be allowed. Business expenses will also not be allowed. + +Gifts in the form of digital currency will be also taxed in the hands of the receiver. + +This is a landmark announcement as the first time the Indian government is announcing any law or regulation around crypto. So far nothing concrete was announced except rumors in the media. + +Now crypto being a taxable asset will lead to growth of adoption of crypto in India + +> I propose to provide that any income from transfer of any virtual digital asset shall be taxed at the rate of 30%. No deduction in respect of any expenditure or allowance shall be allowed while computing such income, except cost of acquisition: FM Nirmala Sitharaman + + +Edit : Some sources are saying capital gains losses is not allowed only for offsetting it with other income sources. But it is still allowed within crypto. Waiting for more clarity on this. + +Edit 2: ~~It seems completely no capital losses.~~ https://www.indiabudget.gov.in/doc/memo.pdf + +Law mentions "aggregate income from crypto transfers" - some seem to think this means crypto losses can be offset among crypto itself. + +> However, no deduction in respect of any expenditure (other than cost of acquisition) or allowance or set off of any loss shall be allowed to the assessee under any provision of the Act while computing income from transfer of such asset + +> Further, no set off of any loss arising from transfer of virtual digital asset shall be allowed against any income computed under any other provision of the Act and such loss shall not be allowed to be carried forward to subsequent assessment years. + + +Edit 3: Most reaction seem to suggest 30% is really harsh. Especially when long term capital gains from stocks is like 10%. 30% will apply for developers and builders too, which will mean they will move to friendly tax jurisdictions rather than remain in India. Seems like a dumb and self defeating policy tbh. + +The law taxes not profits but even transfers. So even simple actions like staking or moving funds or using a smart contract would become taxable. This is insane. Projects that originated in India like Polygon are already moving out, experts say most crypto companies will follow suit as a crypto native company doesn't want to deal with 30% tax for every transaction they make + +Taxation is at 30% of gains if you are investing. If you are earning 100% of your income through crypto (lots of Indian freelancers/developers are, the tax will be at 30% of total income, which is definitely harsh) + +Edit 4: CEX like WazirX and CoinDCX will now automatically report trades to the tax authorities as TDS. This is similar to other TDS tax deducted at source policies. So if you are using them the gov will now automatically find out about your trades. + +While the tax provisions are definitely bad for Indian users, it creates clarity so now some rich guy with a few millions to spare who was interested in crypto, but waiting on the sidelines wondering if it will be totally prohibited or not can start investing as they know its not prohibited but taxed heavily. Could lead to more Indians getting in (i.e. Le india pamp) + + +**TLDR: Govt is taxing all crypto transactions including simple transfers at a flat 30% tax. No capital losses or business expenses allowed. In the same day, govt reduced corporate taxes to lowest in Asia, and offered loan and debt waivers for corporates. Fuel prices are soaring. There is literally nothing in this budget if you are middle class common person. If you run a billion dollar company, well there are few sops in it. Someone earning their income through crypto will get shafted. Massively anti-poor/anti-middle class, pro-elites, pro those who fund this sham government headed by dictator Modi. Honestly, fuck this.. I hope they get routed in the upcoming elections but wont have high hopes as most of the country has been sucked into their hate fuelled religious brand politics** +Purchased an investment property back in June in Arizona. The property has been vacant for 4 years, there was no disclosure about any deaths on the property. I was told that both the original owners passed away and the family was selling it. The house came fully furnished. I stayed there one night and didn't notice anything. I let my mom and my aunt stay there when they were in town, and they had a few strange experiences. Mom said her hairbrush went flying off the nightstand in the middle of the night and hit the wall. She said around 3 am there were 3 loud knocks. She looked outside and no one was there. My Aunt said her bedroom door randomly flew open around midnight. We weren't running the HVAC because I wanted to look it over and replace the filter first. Fast forward to a month later, I replaced the mattress with a memory foam one I got at an auction. The old mattress was fine, but when I removed it, I noticed the box spring had a huge brownish/red stain around where someone would lay their head, and there was also a faint black stain outlined in the shape of a body. I guess I need to burn some sage or something. + +EDIT: Also wanted to mention that the house is about 50 feet from a Pioneer Cemetery from the late 1800's. I don't believe in ghosts, but the next day I did try and see how easy it is to move that door, wasn't that easy. The place is completely original, down the the red/orange 70's style carpet. The neighbor said the lady who lived there loved her pink house, and took great pride in it. +I paid off my student loan today. I don’t have anyone to tell or celebrate this with. I told the SLC operator how thrilled I was and they obviously did not care ha. + +2014 - approx £40K + +2022 - £0 + +The monthly payments were getting high towards the end, almost £700 per month. I remember being a student and worrying about the loan, the debt and never paying it off. I imagined I’d be in my 40s by the time I paid it off but today I am 31 and it’s gone. + +I don’t know why I chose to post but felt like it’s a huge milestone and the psychological feeling of the SLC not getting £700 of my money every month is a great feeling. +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) +It’s strange, because I’ve never been much of a competitive person but I find myself comparing my income and net worth with almost everyone I know or meet in my life. When I get the sense that someone is much wealthier than me, I get feelings of disappointment, confusion, and motivation. I think to myself; “what is he doing and how do I get to where he is”. + +When I meet people who aren’t doing as well as I am, I usually feel more confident with them. + +It’s gotten to be such an issue that I avoid talking about finances with people. Is anyone else like this? +I invest in a lot of ICOs/early coins that I like (albeit, small amounts) and considering it's pretty much impossible to find good reliable information on them since there's 29382803 of them right now, I'm summing up all the ICO-related threads here from this past month and what seems to be the general sentiment on each of them. Not just the good ones this time - I'm spotlighting the bad and the ugly as well. + +**Current/Future** + +[Grid Plus](https://www.gridplus.io) is went live today, they're raising a lot but it's a really intricately done project with a nice whitepaper and team. Do your own research - I'm personally slightly concerned about the high market cap, but people seem to be into it here. + +[Ethconnect](http://ethconnect.net) is a Ponzi/pyramid scheme trying to do what Bitconnect did, it literally shows the bonus structure right on the website rewarding earlier investors. + +[Quanstamp](https://quantstamp.io) is asking for a lot of money, but the project is really interesting. Auditing smart contracts is definitely much needed as more and more projects are released. It'd be nice if someone could explain why they need a token though. + +[Raiden](https://raiden.network) has been going on for the past week or so, I actually like this project since they are providing a real solution to a real issue (blockchain scalability). Sentiment around this one seems pretty decent, but now that I've said that I'm sure the comments are going to tear it apart + + +**Ending today/tomorrow** + +[Upfiring](https://www.upfiring.com) has an extremely low market cap at the moment due to all the anonymity around P2P file-sharing, seems risky but definitely a really good concept that could make an impact/provide a nice ROI if successful. + +[Enjincoin](https://www.enjincoin.io) raised 91% of its funding goal, definitely has some good potential since the company is reputable and you know they will be using it. It's a bit unsettling that they've been between 88%-92% of their funding goal for several weeks, but I still like the project. + +[Ethino](https://www.ethino.com) is a casino for ERC20 tokens. Cool concept, but doesn't seem to be a lot of hype around it aside from the team talking about it in the weekly threads. + + +**Past** + +Request was hyped like crazy by everyone and shilled it, and then the price dropped slightly under ICO price. It still has a low market cap and could be considered a good investment at this time depending on what kind of impact you believe the project will have. This project definitely made people rethink throwing their ETH at hype imo. + +Cindicator - still dropping steadily, now around ICO price. Lots of politics have negatively affected what otherwise was (and could still be, imo) a pretty well-put together project. + +---- + +**TLDR:** Do your own research, you need to be smarter than in the past if you're considering investing in ICOs and can't just follow the hype anymore. +I bought the dip, nothing crazy about 60 shares. What do you guys think? Even if they cut the dividend (again) I feel like it could be a decent play in the next couple years. Discussion? + +I know they beat revenue guidance and increased subscribers! But free cash flow is way down. +Energy prices are going up, on average 54% (cap on energy prices will soar by 54 per cent from £1,277 to £1,971 a year for the average household.) + +Actual rates are mentioned below. + +For Gas(From 1st April) : + +Unit rate: 7.37p per kWh + +Standing charge: 27.22p per day + +For electricity(From 1st April): + +Unit rate: 28.34p per kWh + +Standing charge: 45.34p per day + + +Old gas & electricity rates from yesterday for comparison: + +For Gas (Before 31st March): + +Unit rate: 4.07p per kWh + +Standing charge: 26.12p per day + +For Electricity(Before 31st March): + +Unit rate: 20.8p per kWh + +Standing charge: 24.88p per day + + + +1.25% point increase in NI (however this will be offset somewhat by earnings threshold at which workers start to pay NI rise to £12,570 from July.) + +Council tax going up by 5% (the maximum allowed typically ) However a council tax rebate has been issued, subtracting £150 off the yearly bill on bands A-D. + +Phone and broadband bills typically going up by around 9-11% depending on who ure your company is listed below: + +As reported by Which?, here is what you can expect from the major internet providers. + +BT: 9.3 per cent (from 31 March) +EE Broadband: 9.3 per cent (from 31 March) +John Lewis Broadband: 9.3 per cent (from 1 March) +Plusnet: 9.3 per cent (from 1 March) +TalkTalk: 9.1 per cent (from 1 April) +Vodafone: 9.3 per cent (from 1 April) + +Water bills – up 1.7%, £7, a year +Water bills in England and Wales will rise by an average of 1.7% to £419. Customers of South West Water face a rise of £12 to £515, while households with Wessex will see a £21 rise to £476. Other water companies including Hafren Dyfrdwy and Thames are reducing annual bills by similar sums. + +The reduced rate of 12.5 per cent VAT for restaurants, bars and hotels will rise back up to 20 per cent, meaning that businesses will have to charge customers more. + +Finally, first-class stamps will rise by 10p to 95p from April 4 — with second-class stamps also increasing by 2p to 68p. + +In more welcome news, pay is also rising. +Minimum wage – up 6.6%, about £1,000 a year +In more welcome news, pay is also rising. The government’s “national living wage” has gone up by 59p an hour to £9.50 for workers aged 23 and over. For those aged 21 to 22, the minimum will increase by 9.8% from £8.36 to £9.18. + +What else is going up? +I'm trying to buy/build a house in regional Victoria right now and it's the most depressing thing ever. Prices keep soaring and any time I see anything doable Its already under offer. I can read countless articles about *why* the housing market is exploding right now but none of these articles say where that leaves people in my situation who don't own a home already. Do I wait out this seemingly never ending inflation or do I buy whatever I can get my hands on and try to ride the wave? This is so depressing. I never dreamed I would earn 150k a year and not be able to afford to live in a decent house in these shitty crackhead towns in northern vic. Help. +This will not help oil but will make it even more scarce. I can easily see oil prices going up far more in the interim + +U.S. House approves bill to take aim at gasoline ‘price gouging’: https://on.mktw.net/3lJvhrv +Hi everyone, I just released a new article for my "In the Spotlight" series. + +In this article, we talk about **Crocs Inc. ($CROX)**. Crocs has had an insane run where it rose 2000% from March 2020 lows due to covid tailwinds. Currently, the stock has decreased 64% since its all-time high back in November of 2021. + +In this article, we go a little bit more in-depth about what to expect next and what to look out for. + +Check it out by clicking [HERE](https://stockinfo.substack.com/p/crocs-inc-crox-just-an-ugly-shoe?r=19pqks&s=w&utm_campaign=post&utm_medium=web) + +Where do you guys think $CROX will be in one year? +A lot of us folks lost money when YouKnowWho took a u turn on his support for bitcoin after cashing in on some of the investment himself and in Tesla. + +We all in crypto so we should know, but in case you don't know what is happening Crypto, the All Rounder made a good video explaining what's going on: [https://youtu.be/emmLRR9bHcE](https://youtu.be/emmLRR9bHcE) + +\_\_\_\_\_ + +We proudly present to you a token which signifies the opposite of giving up on its supporters. + +Relaunched after spotting a mistake on the code, the devs could have easily cheated and ran away with money like YouKnowWho would do, but instead they chose to return the coins and strengthened the faith in its investors. + +This token is poised to fly and soar higher with huge and loyal community support. So join us in the movement! + +Tokenomics : +0.1% max buy/sell +10% tax total (to holders and LP) +40% initial burn (almost 50% burn as of now!) +5% dev marketing wallet +5% community wallet +$2M+ Marketcap +100+ Holders + +✅ Verified contract 0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +📲 Telegram: [https://t.me/StopElon\_BSC](https://t.me/StopElon_BSC) + +🌐 Website: [https://www.stopelon.space](https://www.stopelon.space/) + +📈 Chart: [https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://charts.bogged.finance/?token=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +🥞 Buy (v2, slippage 12%, 0,1% max) : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d) + +We will rise and show him that he needs to be stopped +Hi, + +&#x200B; + +A week before someone has commented that instead of doing SIP of Nifty 50 mutual fund, he/she does lumpsum whenever the market dips by atleast 2%. Considering the today's market dip, is it a wise decision to buy lumpsum? + +What is your opinion on this? I have been doing SIP in Nifty 50 and Motilal Oswal S&P 500 mutual funds since an year and never thought about this approach. + +What is your opinion on this? I have been doing SIP in Nifty 50 and Motilal Oswal S&P 500 mutual funds since an year and never thought about this approach. +**NOTE** Just a daily repost because original OP [/u/Bastiat](https://www.reddit.com/user/Bastiat) seems to be offline (due to holidays I guess). However, this is quite important as I see much misinformation on which exchanges use segwit or not. +Please upvote for awareness. + +**BACKGROUND** + +Subhan Nadeem has pointed out that: + +[If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make it happen. You can help by taking one or more of the action steps below. +___________________ + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit. +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed exchange now and initiate the verification process so you'll be ready to bail +3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin + +**IMPORTANT NOTE**: The mempool is currently overflowing. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange + +__________________________ + +**SELECTED TOP EXCHANGES BY SEGWIT & BATCHING STATUS** + +There are 2 different Segwit address formats. + +* p2sh - starting with a "3..." +* bech32 - starting "bc1..." + +Not many wallets/exchanges support bech32 yet and will claim the address is invalid if you try to send to it. bech32 ("native Segwit") is a mildly better solution compared to p2sh. + + +| **Exchange** | **Batching Status** | **Segwit (p2sh)** | **Send to bech32** | +|---------------|---------------------|-------------------|---------------------| +| Binance | **Yes** | No | No | +| Bitfinex | **Yes** | No | No | +| Bitonic | ? | No | No | +| Bitstamp | **Yes** | **Yes** | No | +| Bittrex | **Yes** | ? | ? | +| Coinbase/GDAX | No | No | No | +| Gemini | No | No | No | +| HitBTC | **Yes** | **Yes** | ? | +| Huboi | ? | ? | ? | +| Kraken | No | **Yes** | ? | +| LocalBitcoins | No | ? | ? | +| OKEx | ? | ? | ? | +| Poloniex | ? | **Yes** | ? | +| QuadrigaCX | **Yes** | **Yes** | ? | +| Shapeshift | **Yes** | No | No | + + + +[Source 1](https://bitcoincore.org/en/segwit_adoption/) + +[Source 2](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) +___________________ + +**WALLETS** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | + +______________________ + +**TODAY's NEWS/DEVELOPMENTS/VICTORIES** + +- [Core is considering prioritizing SegWit GUI in the Core Wallet and pushing out an update fast without waiting for other features](https://www.reddit.com/r/Bitcoin/comments/7lc1n9/latest_bitcoin_core_irc_meeting_segwit_wallet_is/) +- [An Exodus Wallet representative has said they will not enable SegWit for now](https://www.reddit.com/r/Bitcoin/comments/7lcm1t/exodus_response_as_to_why_they_havent_adopted/) +- [Largest exchange in Brazil implemented withdraws using Segwit](https://www.reddit.com/r/Bitcoin/comments/7lgxnc/largest_exchange_in_brazil_implemented_withdraws/) + +______________________ + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $42USD per Tx +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 174K Unconfirmed Tx's +- [SegWit Charts](http://segwit.party/charts/) - 13% SegWit Tx's + +______________________ + +**FAQs** + +If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +- No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now. + +Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +- The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address. + + A transaction between two SegWit addresses is a SegWit transaction. + + A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + + A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Transaction if the sending address is a SegWit address. + + [Source](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +So what address can I send to safely, there is so much confusion? + +- As of right now... + +| **Non-Segwit Transactions** | | | +|-------------------------|--------------------|------------------------------| +| **non-Segwit address** | to… | | +| | non-Segwit address | **OK** | +| | 3..... (Segwit) | **OK** | +| | bc1.... (Segwit) | No (no support for them yet) | +| **Segwit Transactions** | | | +| **3... address (Segwit)** | to… | | +| | non-Segwit address | **OK** | +| | 3..... (Segwit) | **OK** | +| | bc1.... (Segwit) | No (no support for them yet) | +| **bc1... address (Segwit)** | to… | | +| | non-Segwit address | **OK** | +| | 3..... (Segwit) | **OK** | +| | bc1.... (Segwit) | **OK** | + +What wallet are you using to "batch your sends"? And how can I do that? + +- Using Electrum, the "Tools" menu option: "Pay to many". + + Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +Why doesn't the Core Wallet yet support SegWit? + + - The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +- Draw your own conclusions based on their own words: + + [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + + [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + + + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) +- Day 2: [I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) +- Day 3: [I will repost this guide daily until available solutions like SegWit & order batching are mass adopted, the mempool is empty once again, and transaction fees are low. ARE YOU PART OF THE SOLUTION? News: Unconfirmed TX's @ 274K, more exchanges/wallets adding SegWit, Core prioritizes SegWit GUI](https://www.reddit.com/r/Bitcoin/comments/7ljpf5/day_3_i_will_repost_this_guide_daily_until/) + + +🚀 **MINIDOGE UPDATE** 🚀 + +💎 MINICRUSH DROPPING NEXT WEEK 💎 + +✨ DOGEX-IN DEVELOPMENT ✨ + +🔐 BTOK ADS-LIVE, RUNNING FOR 30 DAYS + +🏎🏁 NASCAR PARTNERSHIP-CONFIRMED with SPENCER BOYD + +**MINIGAMES (MiniDoge Crush)** + +**⁃ MiniDoge Crush scheduled to rollout NEXT WEEK** + +⁃ Plays exactly like Candy Crush ($6billion market) + + ⁃ Free to play, in app purchase for iOS & Android + + ⁃ Design includes MiniDoge & Pye figures + + ⁃ Part of In app purchase fees add to BNB Reward Pool for MiniDoge Holders to claim + +**MINIPETS** + + ⁃ Open world gaming + + ⁃ Can purchase houses, land, accessories, etc. + + ⁃ Updated design for softer/more colorful feel + + ⁃ Seasonal Events + + ⁃ Over 300 in game side quests + + ⁃ New animal patches release as the game progresses (can be common to limited edition) + + ⁃ Can create multiple pets, each with different attributes/experience levels + + ⁃ Daily/Weekly/Monthly NFT challenges to earn rare NFTs + + ⁃ Earn Easter Egg NFTs (mystery NFTs that can be traded for real life items like concert tickets, tablets, phones, Tesla/cars, items of value) + + ⁃ In game market to sell NFTs + +**IMAGINABLE** + + ⁃ NFT social persona Marketplace. + + ⁃ Build your online persona (can be autonomous, or build from another profile like Elon.) + + ⁃ Social decentralize network like Facebook + + ⁃ Use persona for gaming/social media to gain additional value + + ⁃ Sell persona and gain 15% royalties + + +MiniDoge was created by DevTeamSix. They are a fully doxxed team who have shown their faces and business address. This is a multimillionaire team of highly experienced developers, entrepreneurs, and marketers with decades of experience. They launched minidoge and filled a 5,000 BNB hard cap in 15 minutes ($1.5M USD). The next day, the price mooned again. This may be the last chance to get in. + +Tired of getting in too late on projects? Let’s face it; most projects being shilled here are posted by people who have already bought in early looking to dump. + +The crypto market has been underwhelming lately, and many projects have gone to the grave. CreamPYE is one of the few projects still holding strong, and the team behind it has launched a new sister-project called MiniDOGE. + +Join the NEWEST addition to the DOGE 🐾 family! MiniDoge is the first ever AutoBoost token. HODL and Earn Tokens with MiniDOGE aka Ms Celebrity Doge! MiniPet Adventure App on the Roadmap Q3🚀 MiniDoge is bringing the crypto world to the gaming world. + +AutoBoost Tokenomics (better than Everrise) MiniDOGE is the worlds first ever crypto with an adjusting buyback feature for sells of MiniDOGE token. You Sell, We Buy! + +MiniDOGE is built for the holders to win. 12% buy fees and 18% sell fee (extra 5% more reflection to holders). This is made to reward long holders, to discourage people looking for a pump & dump. 16% tokens burned + +More info here: + +Contract: 0xba07eed3d09055d60caef2bdfca1c05792f2dfad + +Website: https://minidoge.finance + +Telegram: https://t.me/MiniDOGEToken + +Twitter: https://twitter.com/minidogetoken/status/1411344252894732288?s=21 +Story time! It's weekend, I'm bored, my favorite casino is closed, so I'm gonna share a story. + +I was with a friend yesterday with a group of people I haven't met before. The chat shifted towards stocks and suddenly my friend said "oh u/gorillainalambo you hold that one mega stock thing right.. Ehm.. What was it again?" + +I don't like to bring GME into social conversations usually, because 1) not everyone is receptive of the craziness we've uncovered and 2) you cannot compress 11 months - godknowshowmany years of fuckery into a 5 minute story without sounding like a conspiracy theorist. + +Still, I said "yeah, gamestop!" + +INSTANTLY the man in front of me replied with "oh my God, no right? You're not serious are you? Dude.." I asked him what's wrong and he mentioned that GME is only up because it's hyped by criminal reddit people who manipulated the stock, GME is an old brick and mortar store and not worth its money. + +I told him that" those reddit people are not colluding or manipulating the market, and that Gamestop has actually changed their business model, that they're creating a marketplace for NFTs. So they're able to support the trading of ingame currencies, games itself or any other NFT based products like art for instance. + +The scoff I got, followed by a "HA, NFTS AND ART? YEAH? THAT'S THE BIGGEST BULLSHIT I'VE EVER HEARD. NFTS ARE JUST HYPE, THEY'RE WORTH NOTHING AND ART IS JUST A FORM OF MONEY LAUNDERING AND TAX EVASION" + +I asked him what his portfolio looks like. "Tesla! And all sorts of electric companies" + +I commended him on his portfolio, told him Tesla has had a good run and quickly ended the conversation there. + +Some people just don't want to see the truth. +DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS DRS + +🟣🟪 + +TLDR; DRS +I have finally scored a decent job. $80k a year with benefits and room to grow. Between myself and my partner we can save $600-$800 a week while paying $400 in rent. We are planning to have a house deposit down by this time next year. Unfortunately all I'm hearing at the moment is that it's too late and houses will be out of reach because rent is likely to be around the $600 mark by then. Plus houses will be much more expensive and the general rising cost of living seems to just bring down how much we can save each week. Living in central Qld, is it too late? Or should we try selling one of the kids to get a house? +Long story short. My older brother passed away from cancer and I ( younger brother ) was left as the Trustee. + +I’ve done the process of setting up a trust from my brothers life insurance. He has 5 children and each child will receive an inheritance of 75K. + +2 of those children well be of age (21) to receive their inheritance. Before any of the inheritance gets deposited, I’m planning on having them speak to the banks financial advisor. Aside from that, What’s the best financial advice I can help distill in them for receiving an inheritance amount of this value? +Like many others I lost my job and insurance due to the pandemic. I woke up with a abscess tooth and had no way to pay to go the urgent care. +So I did a little research (after panicking) and learned about an app called K health. It is $20 the first time you use it to chat with a doctor online, and then they send in a prescription to your pharmacy. They automatically did a cheaper prescription and applied goodrx. I got antibiotics for $11 and picked them up about two hours later. + +While this obviously isn't a long term solution it is SUPER useful if you are in a pinch like I was. They also do anxiety and depression medicine! + +I realize this sounds like an ad but it definitely isn't, I was just do relieved and I thought it could help other people +I (24F) am from a wealthy family, and one thing I never had to worry about (although probably the only thing) was money. I also recently started at a relatively high-paying job at a pharmacy. + +Not all of my friends are this fortunate. I have a friend, Ben (25M) who is struggling to pay for housing despite having a full time job. He is also unable to go visit his family who live in another state. + +I wish we lived in a cooperative society where it would be acceptable to give handouts to someone without them feeling indebted, or obligated to do something in return. Unfortunately, we don't. The only real way to financially help someone is to go anonymous. + +I've thought of sending him money electronically, using Paypal or something similar. However, there are two downsides to this: + +1. It could be traced. 2. Who in their right mind would accept money sent via email from an anonymous account? It will always look suspicious or like a scam. + +The only way I could think of is to dress up in disguise and put an envelope full of cash into his mailbox. At our town, we have those old-timey stand-up mailboxes which are located closer to the street than to the walls of the house. + +This is the only way I could think of to help. What I would like to ask is, what are the risks of this? Is it a good idea, and why or why not? +I am a single mother in my late thirties. I lived alone with my daughter across the country from my family around no one we knew for 8 years, moving twice, working for the feds for $51,000/yr. It was so burdensome being alone, so three years ago I moved back home to the Hudson Valley in NY and have been staying with my family. I had +Nothing when I moved back. However, this has become untenable and I need (and needed to before, but COVID) rent a place for us. Rent is honestly outrageous. I cant find a two bedroom for less than $1,800 - so let’s round that up to 2 grand with associated expenses. I will not qualify for any assistance as my take home is around $45,000 per year - but I’m self employed, no retirement, no health insurance. How in the hell can I justify more than half my profit going to rent? I have a foreclosure on my record, I can’t buy - couldn’t afford to anyway. Rooms are anywhere from $700-$1000 per month and I am uncomfortable anyway moving a teenage girl into a house of who knows who. + +Can anyone give me some kind of pick-me-up here? I CAN pay the rent but I’ll be working mostly just to pay someone’s rent and I work 7 days/wk as is. Goddamn. +Australia is arguably in or heading towards a cost of living crisis - inflation, rent and house prices, interest rates et al. + +I suppose this is a broad question, but, how do these situations usually self correct, particularly in this country? (excluding catastrophic, revolutionary type situations). Do wages rise? Do costs lower? Does the market or politics sort it? +I fear that they want us to short the Robinhood IPO, and that Shitadel and others will back it, effectively squeezing the APES instead this time, and forcing our brokers to liquidate all our holdings (GME) in order to pay up... + +ta;dr: Shorting the Robinhood IPO is a TRAP! Citadel wants to get us margin called so we are forced to sell GME and save their asses. + +Why even bother putting $$$ into anything other than GME? + +\*not financial advice - am dumb ape - purple is the tastiest crayon\* +# + +https://preview.redd.it/523uhwb15fu71.png?width=1280&format=png&auto=webp&s=f3dbe447961264293e86a40bfe4a155d435bd22f + +# Introduction + +This is a technical analysis post and I know there's many of you that don't give a fuck about it, so to make it short and sweet, moon is very soon (again). But I suspect next week. If you want to know why, keep reading... + +So you may know me as the ape that only appears when there's a good reason to. I try not to make the mistake of constantly posting TA which doesn't really mean anything, only to post when I know we're about to moon. + +Here's my previous post which predicted the AUG 24th bull cycle: [The Greatest Stock on Earth: Part 2](https://www.reddit.com/r/Superstonk/comments/p3m9m3/the_greatest_stock_on_earth_part_2/) + +I also have a very good track record if you care to view my other posts. + +The signals that I look for are very much the same, but I have scrapped any kind of drawn in 'trend lines' and the 'Elliot Wave Theory' as they are easily fallible due them being made by a human. I only use the algorithmically generated indicators as they are the most accurate form of analysis, in my opinion, as they are calculated by a computer. + +*As always this is not financial advice and I will not be held accountable for your own financial decisions, the stock movements happen beyond my control and are not influenced by me in any way.* + +# Charts + +Here's what's happening. + +[FAST EMA \(Exponential Moving Average\) Daily Timeframe](https://preview.redd.it/ytmbm4njseu71.png?width=2307&format=png&auto=webp&s=01f6d3ca817a6264c32fb526b4b2c00fc02ee652) + +Here we have a crossover of the fast EMA indicators. I use 8 & 14, 8 being the green line and 14 the red one. (Trying to make this as simple as possible to follow). This crossover is very significant as it shows the break of the previous bearish consolidation and foreshadows an incoming bullish push. + +I have marked out every time we saw these indicators crossover, so you can see their significance. + +[FAST EMA Crossovers Daily Timeframe](https://preview.redd.it/rdkhdrxk1fu71.png?width=2308&format=png&auto=webp&s=d0748c0dfae94a3e4daf1d46f6d6fa4c33b2b2bb) + +As you can see, they do not always result in a bull run, but this is most likely because other indicators were not correlated at that time. + +But let's not stop there, we can't just rely on one indicator. + +[SuperTrend Daily Timeframe](https://preview.redd.it/d1tx0kiwweu71.png?width=2304&format=png&auto=webp&s=d037d23aa99faad325c9c6b5ddede28972ddcc5b) + +Here we have the SuperTrend indicator, this indicator gave a 'buy signal' on AUG 24th and has remained as a buy signal ever since. The price did come close to giving out a 'sell signal' when it was in the $166 area, but it held as a support level. + +*A super-trend indicator is plotted on either* ***above or below the closing price to signal a buy or sell***\*. The indicator changes colour, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.\* + +Basically, it can determine where people put their stop losses (not saying you should use one), usually banks/institutions will trade off of these buy/sell levels if they are broken or they will close out positions to mitigate losses. + +This indicator remaining as a buy signal means that we have only ever been in the bull cycle since AUG 24th. It may seem like we have been bearish, but we never actually entered a bear cycle. We have been bullish this entire time and we're about to break the previous high that resulted from the AUG 24th bull run which is $231.44. I'm expecting this to go to $300+ again. + +&#x200B; + +[MACD \(Moving Average Convergence Divergence\) Daily Timeframe](https://preview.redd.it/k1ia6dkkxeu71.png?width=2310&format=png&auto=webp&s=aa38a28b65a1cf4559ac2b0e1b87be62f30223aa) + +Here we have the MACD crossover, you're all most likely familiar with this indicator, so it needs no introduction. I am very confident that this crossover is legitimate and not a false signal as what we have seen in the past. Only because there are other indicators that have given a signal that confirm this. + +MACD is bullish. + +&#x200B; + +[sRSI \(Stochastic Relative Strength Index\) Daily Timeframe](https://preview.redd.it/c2qb0quiyeu71.png?width=2306&format=png&auto=webp&s=f8825ad53cc15c1172bc13d00aa5a1289b861708) + +The sRSI is currently overbought, but this is very bullish because each previous significant bull run we had, the sRSI was already overbought, so this is in a great position for the coming massive green dildo we're about to see. + +&#x200B; + +[ DMI - Directional Movement Index - DMA - Displaced Moving Average - Daily Timeframe ](https://preview.redd.it/2qejepphzeu71.png?width=2317&format=png&auto=webp&s=6b3491c9252c9bb45f20f3c186e944c824fff688) + +Heavy hitter DMI gave a signal yesterday (10/18), this made me jacked as this is one of the main signals I look for, but it has to be in correlation with the DMA. The DMA gave a signal TODAY (10/19), so this has made me 100% jacked. + +On the DMI, the price first had a bullish signal on December 21st 2020, this would eventually lead to the massive price swing of January 2021. The signal was the DI+ crossing above the DI- and the ADX beginning to push upwards = ***BOOM***. + +The same can be seen on February 16th with the ADX pushing upwards and the DI+ crossing above the DI- on February 24th - ***BOOM***. + +Again, we see a similar signal on May 20th with the DI+ crossing above the DI- and the ADX pushing upwards on May 24th - ***BOOM.*** + +AND AUG 19th correlation which saw the DMI crossing after the DMA, which caused a push on AUG 24th - ***BOOM.*** (Although this boom isn't over, the bull cycle from this boom wasn't invalidated). + +# Final Comments + +I am 100% certain that we are about to see a moon again. Hoping that this time we see the MOASS, but we can only buckle up, strap in and hope for the best as we all know the kind of fuckery that they're capable of at this point. + +All I know is that we're about to see a massive green dildo and Kenny is one more step closer to being in prison. + +https://preview.redd.it/d8vt59ku4fu71.png?width=696&format=png&auto=webp&s=2b0d832e25c691595524b9189f6d926bbd4539c0 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + + +# EDIT 10/23/21: + + +I have seen some of you concerned with the price action from Thursday and Friday and whether this post is still valid. + + +# My answer to your concerns is YES, this post is still valid. + +The stock price would have to drop significantly for it to invalidate the signals expressed in this post. Therefore, my prediction for next week, or at the very latest, the beginning of the week after is still very much in play and I am expecting bullish movement in the stock very soon. The only dilemma you should be facing is whether the run is next week (which I think it will be) or the week after. + + +I hope this alleviates any of your concerns. I get that you may be unsure or on edge, but this is exactly what they want you to feel. + + +Remember, just before the AUG 24th run, they dumped the price $20 then as well and I received similar concerns then too. But we are still on to see a massive green dildo! All I can say is that the price action we saw the last 2 days is nothing 'short' of panic. I am actually even more bullish now after they showed their hand so easily after the bull signals were corelated. It's actually quite sad in retrospect. + + +So, really, the question you should be asking yourselves is how much hair is Kenny going to be losing in the coming weeks. Pretty sure you could land a plane onto his receding hairline! + + +# In conclusion, I'm still bullish, if not MORE BULLISH. + +# 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; +I believe this case specifically gives clarification that Computershare is deemed a financial institute for the purpose of establishing a customer under Safe Harbor status. In my view this gives DRS Computershare enhanced rights over broker held shares where the broker doesn't not satisfy the criteria i.e where the transaction just passes through a broker (“mere conduits” for the overarching transaction) + +https://www.skadden.com/en/Insights/Publications/2020/01/Second-Circuit-Recognizes-Customer-Safe-Harbor + +I do not have any legal qualifications, this is not legal advice. Take a look for yourself. Wrinkled brains may be able to give further insight. Text from the article below... + +The Second Circuit’s Application of the Customer Defense +To reach its revised decision, the Second Circuit analyzed whether Tribune was a covered entity under Section 546(e). In particular, if Tribune itself qualified as a “financial institution” because it was a “customer” of a financial institution and such financial institution was acting as Tribune’s agent, then Tribune would be covered by Section 546(e)’s safe harbor, insulating the LBO transfers from constructive fraudulent transfer claims. + +Step 1: Computershare as a ‘Financial Institution’ + +Applying the facts to the law, the Second Circuit concluded that Tribune retained Computershare to act as a “depositary” to hold, receive and distribute funds and shares as part of the LBO.7 As a trust company and bank recognized by the Office of the Comptroller of the Currency, Computershare qualified as a “financial institution” covered under Section 546(e).8 Tribune would also qualify as a “financial institution” in connection with the LBO payments if it was Computershare’s “customer,” and Computershare was acting as Tribune’s agent.9 + +Step 2: Tribune as Computershare’s ‘Customer’ + +To determine whether Tribune was Computershare’s customer, the Second Circuit reviewed the services Computershare performed for Tribune in the LBO. Because, in exchange for fees paid by Tribune, Computershare received and held Tribune’s deposit of the aggregate purchase price for the shares, received the tendered shares, retained the tendered shares on Tribune’s behalf and remitted payment to the tendering shareholders, the Second Circuit concluded that Tribune was Computershare’s “customer” in connection with the LBO payments. + +In so holding, the court reviewed Bankruptcy Code Section 101(22)’s definition of “financial institution.” As noted above, that section defines “financial institution” to include, among other things, “an entity that is a commercial or savings bank ... trust company, ... and, when any such ... entity is acting as agent or custodian for a customer (whether or not a ‘customer’, as defined in section 741) in connection with a securities contract (as defined in section 741) such customer.” (Emphasis added.) Because Section 101(22) “plainly states that its definition of ‘customer’ is not limited by” Section 741, the Second Circuit concluded that Section 741’s “specialized definition of customer” does not apply when determining if an entity qualifies as a financial institution.10 + +Instead, the court adopted the plain meaning of “customer,” referring to prior Second Circuit precedent: “We have previously recognized that the ‘core’ ordinary definition of ‘customer’ is ‘someone who buys goods or service.’”11 Moreover, the Second Circuit also noted that Black’s Law Dictionary’s “more granular definition” of the word includes “a person ... for whom a bank has agreed to collect items.”12 Under either definition, the Second Circuit was satisfied that Tribune qualified as Computershare’s customer. + +Step 3: Computershare as Tribune’s ‘Agent’ + +Finally, the court considered whether Computershare acted as Tribune’s agent in connection with the LBO, as required by Section 101(22)’s definition of “financial institution.” Here, the Second Circuit stated that “the parties have not identified any reason why the term ‘agent,’ for the purposes of Section 101(22), should be given anything other than its common-law meaning” and accordingly applied the common law definition. Under common law, agency “arises when one person (a ‘principal’) manifests assent to another person (an ‘agent’) that the agent shall act on the principal’s behalf and subject to the principal’s control, and the agent manifests assent or otherwise consents so to act.”13 + +Once again applying the facts to the law, the Second Circuit determined that Tribune demonstrated its intent to give Computershare authority by “depositing the aggregate purchase price for the shares with Computershare and entrusting Computershare to pay the tendering shareholders.” And the court determined that Computershare demonstrated its assent by “accepting the funds and effectuating the transaction.” Finally, “as the transaction proceeded, Tribune maintained control over key aspects of the understanding.” Thus, Computershare acted as Tribune’s agent in connection with the LBO. + +Based on this three-step analysis, the court held that Tribune fit into the statutory definition of “financial institution”: Computershare (a bank and trust company) acted as an agent for Tribune (its customer) in connection with the LBO (a securities contract).14 The Second Circuit concluded that the transfers Tribune made to the selling shareholders were therefore covered by Section 546(e) as “settlement payments” “made by or to (or for the benefit of)” a “financial institution.” + +Takeaways +As the first circuit-level decision to endorse the customer defense, the Second Circuit’s Tribune decision reinforces the strength of the defense after Judge Cote’s seminal opinion applying it. With these two important decisions now on record, the customer defense is likely to continue gaining momentum. And parties structuring LBO’s will likely seek to retain federally recognized financial institutions to act as their agents in holding and distributing the various forms of currency in such transactions to ensure they meet the “financial institution” and “customer” criteria methodically articulated by the Second Circuit. Moreover, litigants will likely continue to parse the language of Sections 101(22) and 546(e) as they argue over the parameters of the customer defense. + +_______________ + +1 See “Bankruptcy Code’s Safe Harbor ‘Conduit’ Defense Eliminated by Supreme Court; Variant Defense May Survive” and “District Court Applies Section 546(e) Safe Harbor to Customer of Financial Institution, Revitalizing Key Defense.” + +2 Each of the “customer” and now-defunct “conduit” safe harbors originate from Section 546(e) of the Bankruptcy Code. This provision bars avoidance of “a transfer that is ... a settlement payment ... made by or to (or for the benefit of) ... a financial institution ... in connection with a securities contract.” The Supreme Court’s Merit decision held that this safe harbor does not protect transfers in which financial institutions served as “mere conduits” for the overarching transaction. + +Section 101(22) defines “financial institution” to include “an entity that is a commercial or savings bank ... trust company, ... and, when any such ... entity is acting as agent or custodian for a customer ... in connection with a securities contract ... such customer.” (Emphasis added.) The “customer defense” invokes the safe harbor based on this definition. + +3 In re Tribune Co. Fraudulent Conveyance Litig., No. 13-3875-CV, 2019 WL 6971499, at *9 (2d Cir. Dec. 19, 2019) (Tribune III). Skadden currently represents, among others, certain of the selling shareholders in the underlying action, as well as members of the special committee for the board of directors of Tribune Company. + +4 We previously discussed Judge Denise Cote’s April 2019 decision applying the customer safe harbor to dismiss federal constructive fraudulent conveyance claims arising from the Tribune LBO. See In re Tribune Co. Fraudulent Conveyance Litig., No. 11MD2296 (DLC), 2019 WL 1771786 (S.D.N.Y. Apr. 23, 2019) (Tribune II). + +5 In re Tribune Co. Fraudulent Conveyance Litig., 818 F.3d 98, 120 (2d Cir. 2016) (Tribune I), opinion amended and superseded, No. 13-3875-CV, 2019 WL 6971499 (2d Cir. Dec. 19, 2019). + +6 See Deutsche Bank Tr. Co. Americas v. Robert R. McCormick Found., 138 S. Ct. 1162, 1163, 200 L. Ed. 2d 735 (2018). + +7 Tribune III at *7. + +8 Id. + +9 Id. + +10 Id. + +11 Id. + +12 Id. + +13 Id. at *8. + +14 The Second Circuit also disposed of the appellants’ argument that a portion of the transfers made in the LBO were not “in connection with a securities contract” because they involved the redemption, rather than the purchase, of shares. The court reasoned that “redemption” in the securities context means “repurchase” and further noted that Section 741(7) defined “securities contract” broadly to include the repurchase of securities. Id. at *9. As a result, the Second Circuit concluded that all of the payments at issue, including the redeemed shares, were “in connection with a securities contract.” + +This memorandum is provided by Skadden, Arps, Slate, Meagher & Flom LLP and its affiliates for educational and informational purposes only and is not intended and should not be construed as legal advice. This memorandum is considered advertising under applicable state laws. +So yeah, my 21 year old daughter who is on my health insurance plan just started chemo for Lymphoma. The prognosis is good and we're all feeling motivated and hopefull. Unfortunately, just two weeks in to the process I've received notice that I'm losing my job and with that my health insurance. I'm gonna figure this out but if you all have any pointers or bits of insight I'd love to hear it. My primary concern is of an interruption in health insurance and running into problems because of pre existing conditions when moving to a new plan. Thanks in advance for any input! +&#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) +Lots of posts on here about best fat splurges / toys ... generally these are very male focussed. + +(Inspired by mothers day coming up) I'm wondering what are the best things you've bought for yourselves (or for your other half) that are more female focussed. +BlackRock Inc. acquired a new position in shares of Palantir Technologies Inc. (NYSE:PLTR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,299,147 shares of the company’s stock, valued at approximately $278,341,000. + +Other institutional investors and hedge funds also recently modified their holdings of the company. Jacobi Capital Management LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth about $28,000. D Orazio & Associates Inc. purchased a new stake in Palantir Technologies during the 3rd quarter worth about $36,000. IFP Advisors Inc purchased a new stake in Palantir Technologies during the 3rd quarter worth about $36,000. Edge Wealth Management LLC purchased a new stake in Palantir Technologies during the 3rd quarter worth about $38,000. Finally, NEXT Financial Group Inc purchased a new stake in Palantir Technologies during the 3rd quarter worth about $54,000. + + +https://www.tickerreport.com/banking-finance/6738108/blackrock-inc-invests-278-34-million-in-palantir-technologies-inc-nysepltr.html +**Quick Uranium Market Update & the ASX U3O8 Stocks to pick from** + +Spot Pirce: US$30.02/lb + +The current combined value of all global public uranium companies hit $18.03B for January 5th vs $11.4B at the start of November 2020 --> 58% growth in Uranium Markets in 2 months and only just warming up. + +Below is a company market comparison of the key **ASX uranium stock****s**, some comments and a **Rocket🚀 rating system** to please + +Previous in-depth Uranium [Bull Market Reddit Post](https://www.reddit.com/r/ASX_Bets/comments/ixj5s3/the_emerging_global_uranium_bull_market_supply/) here and a more organised 5page pdf doc with charts and stats of the supply vs demand and global factors can be found [here here here](https://www.docdroid.net/lBwbvqo/the-emerging-global-uranium-bull-market-summary-notes-pdf). + +I have compiled a table of the main ASX uranium players to provide a quick comparison between price, market cap, shares on issue, their projects, location, and below that are supplementary notes and my top picks. + +&#x200B; + +[Prices and reflective market cap are of 5th-Jan-2020 Market Close](https://preview.redd.it/lkbwohi0xl961.png?width=1236&format=png&auto=webp&s=d44ccb1fba5293dfe873a6292507e8b3a73bf781) + +https://preview.redd.it/ujvonhy2xl961.png?width=1246&format=png&auto=webp&s=cd585a4eac02414199376ba123919daf73e73b50 + +https://preview.redd.it/hgmuhsh5xl961.png?width=1250&format=png&auto=webp&s=1917ce2ecf1aa342109a70ea909abbe7b742ab62 + +My picks of the mix, Entry Price, Current Price, Target Price (U3O8 above US$60/lb) + +&#x200B; + +https://preview.redd.it/rvrb77pf1m961.png?width=1220&format=png&auto=webp&s=7934cdf90b00baf4934ee782ff88d982c16770db + +For those interested in investing in the Uranium sector I hope this helps and wishing all plenty of tendies in the months to come :D Happy coin flipping +**Quick Uranium Market Update & the ASX U3O8 Stocks to pick from** + +Spot Pirce: US$30.02/lb + +The current combined value of all global public uranium companies hit $18.03B for January 5th vs $11.4B at the start of November 2020 --> 58% growth in Uranium Markets in 2 months and only just warming up. + +Below is a company market comparison of the key **ASX uranium stock****s**, some comments and a **Rocket🚀 rating system** to please + +Previous in-depth Uranium [Bull Market Reddit Post](https://www.reddit.com/r/ASX_Bets/comments/ixj5s3/the_emerging_global_uranium_bull_market_supply/) here and a more organised 5page pdf doc with charts and stats of the supply vs demand and global factors can be found [here here here](https://www.docdroid.net/lBwbvqo/the-emerging-global-uranium-bull-market-summary-notes-pdf). + +I have compiled a table of the main ASX uranium players to provide a quick comparison between price, market cap, shares on issue, their projects, location, and below that are supplementary notes and my top picks. + +&#x200B; + +[Prices and reflective market cap are of 5th-Jan-2020 Market Close](https://preview.redd.it/lkbwohi0xl961.png?width=1236&format=png&auto=webp&s=d44ccb1fba5293dfe873a6292507e8b3a73bf781) + +https://preview.redd.it/ujvonhy2xl961.png?width=1246&format=png&auto=webp&s=cd585a4eac02414199376ba123919daf73e73b50 + +https://preview.redd.it/hgmuhsh5xl961.png?width=1250&format=png&auto=webp&s=1917ce2ecf1aa342109a70ea909abbe7b742ab62 + +My picks of the mix, Entry Price, Current Price, Target Price (U3O8 above US$60/lb) + +&#x200B; + +https://preview.redd.it/rvrb77pf1m961.png?width=1220&format=png&auto=webp&s=7934cdf90b00baf4934ee782ff88d982c16770db + +For those interested in investing in the Uranium sector I hope this helps and wishing all plenty of tendies in the months to come :D Happy coin flipping +Hi there, + +I’m currently working for a FAANG with total compensation around 450K + +I’m expecting an offer from a unicorn startup but unsure how to evaluate the offer which will have a significant equity component. + +On one extreme, I could disregard the stock options completely since the company is private and only look at the base. + +Another way would be to do it based on their last round of fund raising. + +Have you been in this position? How do you evaluate such offers? +8+ years of working at my 9-5 career job while also working on side income projects during my spare time, along with budgeting and saving as much as I could. One step closer to FIRE! Big thanks to everyone on this subreddit who I've learned from throughout the years. +Basically as my post title says. + +I understand the relationship between bond prices and yields and that if people are binning off their bonds, the price drops and therefore the yield increases. That's fine. + +But why does selling US government bonds have a negative affect on stock prices? I always thought bonds and stocks were inversely related? +Disclaimer: "maybe we are all living in a simulation." -FCM + +By now, it is well documented, peer-reviewed, and understood that [Total Return Swaps](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) (swaps) are involved in concealing short positions, short interest, and is used to suppress $GME price action. Furthermore, there is a basket of "meme stocks" that are anchored together due to swaps and is preventing the lift-off of Gamestop. + +Plus there's that [active court case with Archegos](https://www.reddit.com/r/Superstonk/comments/xnbcgq/how_swaps_rehypothecation_work_archegos_employees/) admitting to swaps involvement and may likely be linked to the recent Shortex Data exposure from Debit Suisse. I mention Swaps, because it is critical to everything about Gamestop's stock so if you haven't already seen it, checkout what I discovered about [741](https://www.reddit.com/r/Superstonk/comments/xnz7f8/found_741_its_the_swaps_code_from_doddfrank_act/). + +Now before I jump into things, you may want to see where this going based on my last post - [GMERICA: Whale-Financed and The Activist Investors](https://www.reddit.com/r/Superstonk/comments/yefhfd/gmerica_whalefinanced_and_the_activist_investors/). + +BuyBuyBuyYes just released an 8-K statement and what's interesting is that their **official Legal Counsel**, Cleary Gottleib attached a statement too. + +# Who is Cleary Gottleib? + +A globally recognized elite law firm. These guys don't mess around and here's a shortlist of what they've done: + +* Restructured debt for [Countries facing insolvency and bankruptcy](https://en.wikipedia.org/wiki/Cleary_Gottlieb_Steen_%26_Hamilton#Notable_cases_and_mandates) +* Involvement in [high-level, Multi-Billion dollar Mergers & Acquisitions (M&A)](https://en.wikipedia.org/wiki/Cleary_Gottlieb_Steen_%26_Hamilton#Notable_cases_and_mandates): $146 Billion for T-Mobile & Sprint, $130 Billion for Dow Chemical & Dupoint, and $71 Billion for Walt Disney & 21st Century Fox +* One of their partners, Lee Buchheit, basically [wrote the international law book for debt-crisis resolution](https://en.wikipedia.org/wiki/Cleary_Gottlieb_Steen_%26_Hamilton#Buchheit_and_collective_action) +* [Won numerous awards](https://www.clearygottlieb.com/news-and-insights/news-listing/cleary-gottlieb-an-elite-firm-in-chambers-usa-2022-rankings) in prestigious publications in Law, Debt, and Corporate Governance +* Just got ranked in [USA 2023 Rankings as a Standout Firm for "Litigation"](https://www.clearygottlieb.com/news-and-insights/news-listing/cleary-gottlieb-a-standout-firm-in-benchmark-litigation-usa-2023-rankings) (a fancy word for winning lots of law suits, clearly badasses) + +# Now why is this important to $GME? + +BuyBuyBuyYes just released an [8-K filing](https://bedbathandbeyond.gcs-web.com/node/16556/html#d377691dex51.htm) on October 28, 2022 and within that filing made references to the August 30, 2022 [prospectus about ATM](https://bedbathandbeyond.gcs-web.com/node/16406/html) (at-the-market) offering to sell shares and pointed to the **Risk Factors**. Basically RC and company had active plans on-going (for Jefferies to manage the sale of BuyBuyBuyYes shares) since August but officially announced it a few days ago. + +This is NOT the first time RC and company has done this, and you'll see why. + +Even corporate mainstream media (MSM) picked up on it: + +&#x200B; + +[RC & co hinting at the \\"Risk Factors\\" inside the prospectus, basically firing a warning shot to the shorts](https://preview.redd.it/p81i2a1le3x91.png?width=1320&format=png&auto=webp&s=12ff999dc9a209acc03a22e4fe794306c3408833) + +Now going back to 8-K filing, because within that filing, the legal counsel and representatives of BuyBuyBuyYes have officially approved, stamped, and signed-off that the ATM offering is legit and it will happen even though BuyBuyBuyYes filed late. This removes any doubt for shorts to claim bullshit. + +Furthermore, Cleary Gottleib goes the extra mile to list every top lawyer in the firm, including the office locations, and leaving a statement of opinion on the SEC filing. To me, this says Cleary Gottleib is ready to bat for BuyBuyBuyYes (remember those frivolous lawsuits accusing RC of a pump n dump after he already sold BuyBuyBuyYes yet the stock kept running?). + +Here's the certification about ATM offering and opinion from Cleary Gottleib attached to the 8-K filing: + +&#x200B; + +[I've seen my share of corporate letterheads, but damn this looks like a serious message to the shorts: \\"If you want peace, prepare for war\\" or probably nothing](https://preview.redd.it/26q8ay43k3x91.png?width=1272&format=png&auto=webp&s=5786fd0497edc06053b12de5c6ff952d599b6973) + +# A Replay of Gamestop 2021 + +Okay, now for the connection to Gamestop. + +In April 2021, Gamestop also [filed an 8-K](https://news.gamestop.com/node/18746/html) (notice the law firm's opinion on that compared to Cleary Gottleib on BuyBuyBuyYes) with a [late prospectus](https://news.gamestop.com/node/18741/html#suppcov160986_1) pointing back to Gamestop's December 2020 ATM share-offering warning about Risk Factors. + +Here's MSM picking up on it, **again**: + +&#x200B; + +[April 5, 2021 - Gamestop filed 8-K with a late prospectus for ATM offering just like BuyBuyBuyYes](https://preview.redd.it/6xik8tcom3x91.png?width=1328&format=png&auto=webp&s=eeaa51ee2aec7453288e5ec5f9ae502c1063b49c) + +Are you starting to see where this is going? + +Here is a comparison between the two prospectus, beginning with Gamestop: + +&#x200B; + +[Gamestop's December 2020 prospectus, notice the details](https://preview.redd.it/95rrphxty8x91.png?width=1344&format=png&auto=webp&s=3347b07063a4180f69efd027840f2a8da26bd622) + +This was the first-time "short **squeezes**" appeared in Gamestop's SEC filings as a RISK FACTOR (yes, I actually checked the filings). They said SQUEEZES like plural, *as in many*. The prospectus also mentions the price range of the stock and clearly mentions Jefferies as the handler for the sale. + +Now here's BuyBuyBuyYes prospectus: + +&#x200B; + +[Legal Matters & Risk Factors - notice anything?](https://preview.redd.it/7hfwwt6f09x91.png?width=1466&format=png&auto=webp&s=49a03c7e299dda280cc846cd1a87209285e74822) + +Like Gamestop, this is ALSO the first-time "short squeeze" has ever been mentioned on an SEC filing for BuyBuyBuyYes. + +Now, I placed emphasis above, but what's crazy here is that BuyBuyBuyYes has explicitly stated the following: + +>*We believe that the recent volatility and our current market prices reflect market and trading dynamics unrelated to our underlying business, or macro or industry fundamentals*, and we do not know how long these dynamics will last. Under the circumstances, **we caution you against investing in our common stock, unless you are prepared to incur the risk of incurring substantial losses.** + +What company tells its investors DO NOT INVEST? LOL. Clearly, that's for shorts unless you are gambling options then whatever - this is not financial advice. + +Credit to u/MamaRemembersUsenet for pointing out that the BuyBuyBuyYes is aware that the price of the stock and fundamentals is completely disconnected from reality, or in ape speak: DTCC is committing international securities fraud. + +RC's hand-picked board members are well-aware the price is being suppressed on purpose and are making it known to all investors of its stock that extreme volatility is coming that's why they also included the range of the stock price for reference (probably to serve as a notice of what's coming to the shorts lol). + +Okay, I think you know where this is going next.. + +# Whale-Played: The Countdown to MOASS + +If you noticed above, Jefferies has been the same handler for both ATM share-offerings. + +This is a BIG tell because Jefferies has been the ONLY analyst that has raised the price target on [Gamestop](https://www.reuters.com/article/us-usa-stocks-gamestop-research-idUSKBN2BG2PQ) (in March 2021). + +And Jefferies is still the ONLY analyst that has raised the price target on [BuyBuyBuyYes](https://www.reuters.com/article/bed-bath-jefferies-idTRNIKBN2Q30MF) (in September 2022). + +Probably, cohencidence. + +Now why is any of this important? + +Let's tie it all together: + +**Because of SWAPS.** + +Guess what happened after MSM posted Gamestop's article in April 2021? The following month in May 2021, the second sneeze began (Gamestop did warn "short **squeezes**"), which was later discovered to be caused by Swaps Rollover, T+69 theory, FTDs covering - take your pick or combine them all. + +Every 90-days, due to swaps, there is a massive spike. However, **this cannot be predicted** since shorting hedge funds have been doing all sorts of bullshit to suppress the price action (like that orchestrated $30 parabolic), but it is without a doubt that the stock will eventually run, again. + +&#x200B; + +[Gamestop running in May 2021 - credit u\/criand for discovering Swaps ](https://preview.redd.it/7st33twx79x91.jpg?width=2438&format=pjpg&auto=webp&s=c21d66eb6f05eaef0a9ffd97157c4507db4bdc8a) + +# Conclusion: A Wombo Combo Squeeze is COMING + +Here's a recap of events that have happened, on-going, or in-progress: + +("A rising tide lifts all boats" -Meme basket 🚀) + +For Gamestop: + +* March 2021 - Jefferies price target hike +* April 2021 - SEC filing with prospectus (Dec 2020) and MSM article coverage +* May 2021 - see that picture above? Ka-BOOM! +* Gamestop used the mini-squeeze to sell shares ATM and save Gamestop from cellar boxing + +&#x200B; + +Now for BuyBuyBuyYes: + +* September 2022 - Jefferies price target hike +* October 2022 - SEC filing with prospectus (August 2022) and MSM article coverage +* November 2022 - it's about to get spicy + +Basically, hedgies about to get fucked: + +&#x200B; + +[NAKED SHORTING MEANS INFINITE RISK, WHICH MEANS INFINITE TENDIES](https://preview.redd.it/agq09m7889x91.png?width=727&format=png&auto=webp&s=af6f69351bd43ec9650d36f077af326b61a57036) + +Now, I am not saying correlation equals causation or because of this then that happened. + +All I am saying is this could be purely a cohencidence and we may be in a simulation. + +BUY. HODL. DRS. + +MOASS IS TOMORROW. + +\-Diamond Fingers out + +p.s. u/DeepFuckingValue says remember November: + +&#x200B; + +[\\"IN AN INFINITY SQUEEZE NO ONE CAN HEAR YOU SCREAM\\" -HAPPY HALLOWEEN SHITTY HEDGE FUNDS](https://preview.redd.it/zoqjg3xgb9x91.png?width=587&format=png&auto=webp&s=99501aca6ed25b64ec47bac82475f8a428047f65) +I don’t understand how inheritance is justified in a free market? Won’t incentives to work decrease if wealth is concentrated and held throughout generations for both workers being able earn and inheritors not needing to work? I’m curious as to what a classical liberal view of this looks like? +Should I sell individual stocks that are losing big time (covid stocks such as Peloton, Futu, Tigr, Coinbase) and use those funds to contribute more into index funds at this time? Or wait till there’s a bit of recovery? +Everyone is pissed about warden price anchoring in the low thousands, just like everyone was pissed about rensoles little tangent about ‘being realistic’. Warden is a swing day trader who is used to selling frequently and rensole is just a normal dude who does summaries. They’re entitled to their own opinions and they have spent time with trading but in such an unprecedented situation, prior experience with trading doesnt mean anything. I trust them the same as I’d trust any other anonymous person over the internet, or the same as any one of you apes who may comment on this post. We don’t need idols. Just keep calm, buy, hodl, vote, and remember that no matter what any INDIVIDUAL says, 10 million and over is a fair price for these shares. + +Edit: posted this before warden stepped down from mod. I believe that was the appropriate move given his behavior. Don’t send hate his way, he’s just a 20 year old dude. That being said, we should use this time to again learn the lesson about not putting people on a pedestal like we did rensole. +I was wondering if any of you guys know of people who live in humble living situations such as a condo and drive a $20K car but maybe are worth somewhere in the $8-$10 million range? I am sure there are people like that but I personally don’t know of any. I would to hear stories if you are someone like that or if maybe you know of people like this. +I try to be pretty financially responsible as I’ve wanted surgery for years. I’m 23, no kids and no debt. I have paid off my car and schooling. I have 9k in my bank account right now and 8k in a high yield savings account (I should transfer more into my savings right?). I have 8k in a Roth IRA account and have started investing in my 401k. My rent is $650 and I spend about $300 a month on everything else. I am anticipating a 9k check coming in at the end of this month, which I want to allocate fully towards the cost of a rhinoplasty (which would be about 12k). I’ve worked three jobs to save up this summer to cover the remaining 3k. Would that be a reckless decision? Starting next week, I will start a new job making 73k salary. Please don’t crucify me for asking. I would not be taking on any debt if I did this but want to know if it’s reckless of me to spend on this or continue to save my money until I’m in an even better financial place. +For Christmas I'm getting all of my cousins (aged 18-32) a copy of Ramit Sethi's I Will Teach You To Be Rich, with a retirement account match bonus (20% up to $500 in contributions = $100 max bonus value). Has anyone else tried this before? Would love to know what success you had and if you have any tips on educating young peers. +My whole family has been poor going pretty far back. Recent history is my grandparents were born deaf and discarded by society, and took crap odd jobs to make ends meet. Grandma got pregnant as a teen, my mom also got pregnant at 15, and then I myself got pregnant as a teen. I was pretty uneducated about life in general and most certainly about money, and how much money it took to raise children. I just knew you were supposed to have kids and struggle, that was life and that's just how it is. Graduating high school was optional. + +When I got older, my world view really changed. I was determined to raise my kids middle class so they could have all the things I never did. I was (still am?) pretty illiterate when it comes to money, so I borrowed my way out of poverty. I ran up all kinds of credit cards and loans to fund a middle class lifestyle. My kids got to dress in new clothes (even though they weren't name brand, they weren't hand me downs!), they got to do extra curricular activities. My husband and I moved to a decent school district, bought mid-range cars. We were so deep in debt this whole time. + +Now both of my kids are in college, and they still live at home so we can pay their living expenses while they are going to school. They are the first generation in my family to go to college right out of high school. And I'm proud of that. + +My husband and I are working hard to pay off the debt we've accumulated throughout their childhoods, but honestly I don't regret any of it. Borrowing money allowed us to get to a place where we could live in a regular house, wear regular clothes, buy regular food. And I feel like we broke the poverty cycle - now my kids are in college and are set up to get good paying jobs, and we can help them save money while living at home so they can move out when they are financially ready to. We are trying to teach them about money, and not getting into debt, but it's hard when I don't really know much myself. + +Sorry for the long post, me and my husband were just discussing it so I thought it would make a good discussion here also. I read an article that said movement between the classes doesn't really happen, I think we were able to but probably not in the best way. +Hi, I am considering relocating to Munich, a city with very high rents and property prices. Relocation is mainly driven by career development and also to the fact that I do not really like where I live now (small boring town in Noord Brabant, The Netherlands). + +I currently have a good job on all aspects and I will easily find another job like this one, in a more senior position and paid even higher (I already have some discussions ongoing). + +I am anyhow concerned about rental/property costs. Currently I am renting a beautiful apartment and rent is pretty good. Probably in Munich I am going to pay 60%-70% more rent than here for the same type of apartment and I will most likely not buy an apartment (price per square meter is around 10k!) + +What advice would you give me? Prioritize on career and (hopefully) quality of life or on how much I can save/invest after rental/living costs? + +BTW, 30% ruling is ending soon for me: I will have a hit on my monthy salary and also have to start paying Box3 taxes. I have estimated that I will get a hit of 20k+ per year combined. + +For completeness, I have taken out of the discussion the need for my partner to find another job. Currently, she has a full time permanent position in a multinational and she is pretty happy about the role. So also this one is another aspect to consider. +I have multiple bank accounts for various purposes, and the total value is now over £85K. These bank accounts are all with the same provider. + +Do I need to worry about this (£85K is the compensation limit for one provider) or realistically is it fairly safe to keep it in one place? + +Let's assume the provider is a big name like HSBC, Santander, NatWest, Barclays. + +Edit: I have decided to at the very least have an account with another provider mainly to avoid any risk of being frozen out of access to my money. Spreading across two providers is a secondary benefit. + +Thanks for all the answers, super helpful as always. +Well boys and girls, we did it! We got BTC over $100K. Many thought we'd have to wait until the next halvening before we saw the 6-figure price, once again, Big Daddy Bitcoin surpises us. We have reached the psychological threshold amidst a market crash. + +As you'll see in the picture below, the BTC/UST pair reached a high of nearly $138K. + +&#x200B; + +https://preview.redd.it/por92dkz3vy81.png?width=1080&format=png&auto=webp&s=1d1e597225227bc9dedb3cef8e73cd22adb5651f + +Now we will see so many people FOMOing in. If you don't FOMO before them, you could miss out on gains! Take out a second mortgage and sell your kidneys! We are going to the moon! Like and subscribe for more amazing updates! +I've been lurking for a while and thought it was time someone posted this PSA... heck, I might swallow the downvotes and do it every six months. I see a lot of people in their 30s and younger making projections on their investments from the last nine years and... Be ye warned. + +The US Market follows a pretty standard cycle of growth and correction. It would be very unprecedented to not see a major crash for another 10 years. (We could be due for one any day now, but I'll leave the prognostication to r/wallstreetbets.) If you're planning FI/RE based on your growth over only the last nine or so years, your resolve to "hold during a crash" will almost certainly be tested in the next ten. + +Also note: If you're following sound principles of investing, change nothing but your projections. Keep calm and carry on. This is also true **when your net worth cuts in half; HOLD!** + +Sponsored by your local spooky old man on the dirt road to FI/RE. + +Take this with a pinch of salt. Hopefully helps someone. + +Proof: [https://imgur.com/a/XcK94lc](https://imgur.com/a/XcK94lc) + +Two months back, I posted this in /r/realestate: [https://www.reddit.com/r/realestateinvesting/comments/nd6rqp/bidding\_for\_a\_house\_without\_an\_agent\_bay\_area/](https://www.reddit.com/r/realestateinvesting/comments/nd6rqp/bidding_for_a_house_without_an_agent_bay_area/) + +I work on first principles and play it risky. So, this is not for everyone. The deal was for multiple millions. + +House went on the market. I called up the seller's agent and show interest. Checked out the house and decided to proceed. Told the seller agent I am not represented, and they can keep the 3% in whatever split between them and the seller. It was almost too good for them that I sounded like a naïve idiot. Aligned with their interest, they become both the seller and buyer agent (CA rules) and decide to keep 2% (original 3% + 2%) to the agency. Gives me all the scoop to win the deal. Agent talks to the seller to get a feel and decided to change the split to 1.5, 1.5%, eventually taking it to 2% back to the seller (as you see in the screenshot above). I am happy they aren't greedy. With one counteroffer, the seller accepts. To gain trust I immediately transfer 3% earnest in a day. + +The agent guides me, and we close in 30 days. I paid $10,000 above the list price. + +Risky but paid off. In retrospect, if I had an agent, I would have paid at least $300,000 above list price without any guarantee of closure. + +I was also in touch with the author of this tweet: [https://twitter.com/sweatystartup/status/1361036020117082121](https://twitter.com/sweatystartup/status/1361036020117082121) and he was very helpful. + + +**Edit:** + +The 300K is an exaggeration. I’ll never know. But the house went into pending even before they uploaded all the pics to Redfin/MLS. + +I am almost tempted to post a link to Redfin… + +&#x200B; +Put simply, market making is just placing prices you are willing to buy and sell at. We do not manipulate the market as is constantly repeated by the forex microwave brains, in fact, we probably have the least control out of anyone. We make money from the spread between our buy/sell price, but also since we get lower fees from our high volumes it often means we can take bets with a smaller than usual expected profit which only makes sense for us because of the lower fees. + +Unlike a normal trader though, we can't just buy xx and have that position since we need to use limit orders which don't always get filled. That's why we apply an area of mathematics called control theory (this is the complete opposite of controlling the market as the name might appear). We can solve this with calculus as stochastic control problems, or with reinforcement learning which is just the neural network solution for control problems. + +There is a wealth of physics approaches which is why econophysics is most often applied to market-making and orderbook-based models. Trying to keep a plane stable is a control problem, for example, you have some inputs, but most of it is something you can't directly control, but merely affect in a complex way. + +It is not directly within our control whether we will get filled and have the desired inventory to profit off of our model's prediction, but we can influence it indirectly and improve the probability of having that inventory. We do this by making our buy or selling prices more aggressive than one another so that they are more likely to get filled on one side in particular. See how we have less power than a standard trader now! We have a probability of getting an inventory, whilst a trader can just take whatever position they like. We put up with this constraint because we can earn a spread, and get better fees as a liquidity maker than a taker. + +Maybe someone has learned something from this or at least I have made some progress towards correcting the common myth that market makers are evil agents controlling the market. The fact is that most forex traders are just bad at trading and want a "us vs them" argument to blame their losses on market makers instead of their own skills. + +High-Frequency Trading: A Practical Guide to Algorithmic Strategies and Trading Systems (2nd edition) is a good textbook to continue learning this topic if you found this to be a strategy you enjoyed! The 2008 Avellaneda and Stoikov is considered the hall of fame status paper for stochastic control in market-making. Anyone trying to become a market maker I suggest that they follow this paper when implementing this strategy. + +EDIT (1): See my comment in response to u/georgikhi, he mentions some important points that I didn't mention, and I have fleshed them out in my response. This is obviously a large subject area so I will do my best to answer any questions/ provide data/code/resource dumps if requested, but I cannot do it all! +BREAKING NEWS: [Military.Finance](https://military.finance/) announces first ever crypto Nascar Sponsorship. On June 18th in Nashville be on the lookout for the #3 car driven by Keith McGee the first ever disabled vet driving in the Nascar Truck Series. On the car will be a puzzle and the first one to solve will win 1 billion tokens. Millions of people will watch from around the world. Guess what. This is only the beginning. + +"Fox News has just scheduled an interview with our Driver Keith McGee. They will talk about his backstory as a veteran and his new sponsor ([Military.Finance](https://military.finance/)) and Military.Finances story. We will post times and channels as it gets closer. This interview is sponsored by Coca Colas Salute program for veterans." + +🔥THEY PUT A PUZZLE ON THEIR CAR FOR SOMEONE TO WATCH AND WIN 1 BILLION TOKENS🔥 + +CoinGecko, CoinMarketCap, Solidarity Audit, Certik Audit and 2 other audits all submitted. News will come fast. + +Shawn Burst head of marketing: Cover of Entrepreneur Magazine. Been in Forbes, NBC show “The Profit”, Shut up and hustle and I’m sure there's more that I just didn't find with a quick google search. + +Major Ed Pulido Partnership: Runs a non profit called Warriors of Freedom that partnered with Mil Token. + +This coin donates to military veteran organizations. As soon as everyone finds out about it, including servicemen or anybody who loves our country, this will get bought up. That means MOON. + +They've got some big news for memorial day planned. Stay tuned and check it out! + +Interview: [https://youtu.be/ZLMfgIA3eIw](https://youtu.be/ZLMfgIA3eIw) + +Marketwatch: [Marketwatch news](https://www.marketwatch.com/press-release/new-military-crypto-passes-extensive-audit-and-announces-first-donation-will-take-place-on-memorial-day-2021-05-25?tesla=y) + +News: [Yahoo news](https://finance.yahoo.com/news/military-finance-launches-cryptocurrency-help-093600005.html) + +Website: [Military Finance Website](https://www.military.finance/) +I am at my wits end. Me and dude have been supporting our two children both under 2 on less than 600 a month. We've had one financial hit after another. Since the first quarantine we've had issues with unemployment and finding jobs that'll stick. I ended up pregnant with my second child (born Nov.19). My extreme nausea caused me to be hospitalized constantly when it avalanched into preterm labor I was laid off. I hate it I feel like the enjoyment of pregnancy and a new baby was robbed from me. I barely mentioned it due to a lot of judgement. +During this whole mess my land lord hasn't done maintenance on our home. My bathroom sink has been unusable since March. Its disgusting water bubbles up from the drain and floods the bathroom when ever one of our neighbors showers. Our heat doesn't work and the kitchen sink is fucking leaking. I want to take action but feel paralyzed because I haven't found emergency housing. I keep getting sorry no. Its not like we have $ to move or even a hotel. The lease isn't even under our name. Each of our roommates left. One left with out any notice. They just disappeared without giving us the rent payment they been promising. I don't know if I am able to apply for rent assistance. Im scared for my kids all the time. I don't want then to live in a slum and I don't want them to be homeless. +I have been hired as a front desk person and my boyfriend is about to sign up for the military ( he's been interested for a while. I just didn't wanna deal with the separation). We're hoping this will help get us out of this mess. We cant live like this forever. I don't know what more we can do to fix this. +This post is merely a collection of what I have understood over the last 30 years . I am by no means a qualified advisor . This is not investment advise . Think of it as the memoirs of someone who has travelled far and wide . + +I started investing in MF when I was a wee lad . We had US 64 , Magnum Multiplier , then UGS 2000 and 5000. There was only one ULIP , that was again a UTI product . There were no private insurers . + +The entire universe of MF was relatively simple . Like the choice between an ambassador or a Fiat , or if you were very adventurous a Mahindra Jeep + +Like all investors who started at that point in time I had US 64 , Magnum Multiplier , UGS 2000 and UGS 5000. The lions share was US64 + +That is till scam exposed the funny accounting in UTI and segregation of UTI into UTI and Special undertaking of UTI , called SUUTI. + +To cut a long story short: + +1. Institutions who had wind of what was happening , cut their losses and redeemed + +2. Retail investors like us were left holding the bag . + +3. Adding insult to injury , the splitting of UTI and SUUTI meant that repurchase of units was done at a lower cost . We had to sell at 12 and 10 , wiping off 30 % of our household savings . + +A young me , took it hard , it meant hardship for us , my father had taken it up on my insistence . + +We were investing in an institution set up by a special act of the parliament of India . Not a fly by night operator or a private entity . This was the will of the parliament + +https://indiankanoon.org/doc/179933/ + + +For those of you who are new here is an interesting little primer + +https://www.firstpost.com/business/suuti-money-belongs-to-uti-investors-and-not-to-the-government-1353335.html + + +There was only one beneficiary in this sordid episode . That is the government + +My first rule of investing was born that day . + + +I will not touch any unit or share issued by a Public sector undertaking or the government . + +In the event of something going south , the stability of the markets and the lining of state coffers are far more important than a retail investor . + +I have held fast to that rule until recently where I picked up a few thousand IRFC, then got rid of it simply because I can’t stand the sight of it in my statement. All I remember is my fathers face and his anger and the crack in trust that lasted well over two decades. We recovered in 4 years of hardship , but the the non monetary cost I paid was painful. + +Consequently if it’s a public sector entity that is selling a Mutual fund scheme , I will not invest in it . + +remember UTI was not a public sector company . It was an institution bought into existence by a direct act of the parliament , the same way LIC and SBI were created . + +It also led me to move away from UCO bank and SBI to HDFC bank and HSBC . + +The move away to HDFC Bank and HSBC is what also resulted me in buying HDFCbank at various prices ranging between 50- 700 rupees. I would never step into a public sector bank again . + +Edit : Part II is up https://www.reddit.com/r/IndiaInvestments/comments/q3a5m6/p018_my_own_approach_to_mf_ii/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +This is the official $GME Megathread for r/Superstonk. 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I have looked into day trading and it seems like something I would be interested in making a career out of, but I have no reference for how possible that is. I don't have dreams of thousand-dollar days or anything, I just want modest returns with the freedom the job provides. Is it something that can be done realistically? or is it about as possible as becoming famous? +I like reading other's stories so I thought I'd post mine. I am very fortunate to be in the position I am in and definitely owe it to my parents who taught me strong personal finance values and paid for my education. + +Current assets: + +* Checking: $3,160 +* Savings: $18,713 *- should I move this into an investment fund?* +* 401K: $32,376 +* Roth IRA: $35,167 +* Investment fund: $12,489 + +**Total: $101,905** + +&#x200B; + +**2018** + +* January - Graduated college with a net worth of $20k, my parents paid for my college and I was lucky to not have student loans. I took extra classes to graduate a semester early in order to save my parents some money +* I was able to grow my net worth to $20k by graduation by always working throughout college. I went to school in a large city and worked year-round. On top of a full course load, I alternated between working for the school and completing external internships. +* I opened a Roth IRA my sophomore year and maxed it out annually. I remember thinking that once you put in money, it would just grow automatically... it took me over a year to realize I needed to actually invest the money. +* August - moved to a HCOL city and started a job with $85k salary and $10k bonus. My rent was $1500. I have 3 roommates in a 2 bedroom apartment and my rent is considered pretty average for the location and space. + +**2019** + +* Throughout the year, I targeted a savings rate of \~40% (post-tax, pre-401k contribution). Being in a HCOL city, I was surprised that I was able to save so much while still feeling like I am able to enjoy my time with my friends and enjoy what the city has to offer. +* My work provides most of my weekday meals which greatly reduces my costs. However, I still cook on the weekends and would like to think that I would bring in at least half my lunches to work if it wasn't provided (may be wishful thinking) +* I religiously track my spending in excel and group my expenses into different buckets. I use these buckets to determine which credit cards are the most beneficial given my spending habits. I use credit card bonuses to pay for my vacation flights. +* I also churn bank accounts and estimate an additional income of \~$2k from this. +* Being in a populous city also has the benefits of lots of app promotions and deals. I subscribe to lots of different websites/apps that offer discounts to activities and restaurants in the area, and I use these quite a bit. I try to regularly remind myself to only use the discounts on things that I would've done anyway, but I am curious if this one is actually saving me money or not. + +**2020 and onwards** + +* Received a bonus of $25k and salary bump to $100k, savings rate increased to \~55% +* I want to maintain my spending habits for the next 1-2 years. Although my living situation is not ideal and would really like to move to a no-roommate apartment, I anticipate potentially changing jobs soon. In the case I have to take a pay cut, I just want to make sure I don't lifestyle inflate too much just to deflate it later. +* Having an SO with a similarly frugal mindset helps a lot. We do a lot of stay-in cooking dinners and enjoy each other's companies just walking around the city and doing free activities. +* Although I realize I am very fortunate and have a high income level, I am still very proud to have saved this much. I try not to talk about finances too much with my friends, but I am consistently shocked at how little my peers are saving with similar income levels. +I’m thinking of selling my positions that I have profited from and going heavy into a dividend stock, while holding the rest in cash for DCA in my VTI position. I’m looking to move to a safer portfolio. + +My idea is to go heavy into O since they have a nice dividend and seemingly always increase their dividend. + +Let me know your thoughts. +Happy weekend Apes! + +&#x200B; + +First, go enjoy your weekend. Family, friends, just taking a few hours to yourself... whatever. Go unwind for a day. The Stonk will be here when you get back. + +&#x200B; + +So. To start, you will need to read my post from 3 months ago, where I lay out what I believed was happening to the options chain at the time: + +[https://www.reddit.com/r/Superstonk/comments/tptw6d/theyve\_staggered\_their\_option\_tricks\_need\_eyes\_on/](https://www.reddit.com/r/Superstonk/comments/tptw6d/theyve_staggered_their_option_tricks_need_eyes_on/) + +&#x200B; + +Back in March, I said that the May chain was setting up to rug pull us under $90: [https://imgur.com/g1aZ2OC](https://imgur.com/g1aZ2OC) + +&#x200B; + +"We locked them into the rolling cycle by keeping it above $40 last year... I think this time they are setting it up to try and keep their rolling price under $90. + +The threshold list needs a stock to have over 0.5% of its outstanding shares fail to deliver (for five days) to qualify to be added to the list. For GME, that is around \~381,000... + +There are 3,639 Open Put contracts at the $90 strike for 20 May 2022, or 363,390 shares worth of contracts. + +I'm not entirely sure that the numbers being that close is a Cohencidence..." + +&#x200B; + +Remember that number apes... 363,000 - 381,000.... + +&#x200B; + +And what happened in May, right before my contract date? + +&#x200B; + +[https://www.reddit.com/r/Superstonk/comments/umtfxv/remember\_when\_i\_told\_you\_last\_month\_this\_was/](https://www.reddit.com/r/Superstonk/comments/umtfxv/remember_when_i_told_you_last_month_this_was/) + +&#x200B; + +It tanked to just under $90 for those Puts to hit ITM... + +&#x200B; + +NOW... + +&#x200B; + +We FINALLY got the end of May FTD report from the SEC... And what does it show for May? + +&#x200B; + +[https://imgur.com/9SZwpUW](https://imgur.com/9SZwpUW) + +&#x200B; + +On May 16, There were exactly 374,889 FTDs on the book... and you only have 5 days to clear them before they hit the Threshold Securities List... + +&#x200B; + +And what was 5 days? May 20th... the contract date of our $90 rugpull worth 363,300 shares in Put options. + +&#x200B; + +On May 11, we closed at $81: [https://imgur.com/EukhNt4](https://imgur.com/EukhNt4) + +T+2 trading days is Friday, May 13th... and on May 16, we see that 374,000 FTD hit the books (almost the exact number of shares of those 363,000 worth of Puts). + +&#x200B; + +That ain't a Cohencidence. I'm way past believing this is all random. + +&#x200B; + +\------- + +&#x200B; + +Fast-forward to the end of the May report... and GME is now sitting at 744,847 shares FTD on May 31, 2022. That is a full 1% of GME shares that failed to deliver, on one day. + +I've checked every date of the NYSE Threshold list, and GME was never added to it... so, supposedly, \~400,000 shares were found and delivered, somewhere between May 27 and June 3. + +(We have to stay over 381,000 outstanding FTDs for 5 days to hit the threshold list. On May 27, there were 523,000 FTDs, so the clock starts on the 27. On the 31st, it blows up to 744,850 FTDs. So they only had until June 3rd to find \~400,000 shares to keep GME off the threshold list.) + +&#x200B; + +I've been telling y'all since the $40 days... we aren't fighting the NYSE... we are fighting the CBOE (options exchange). The CBOE is located in Chicago, and Citadel Advisors only deals in options (ok, ok... like 5% is held in shares... 95% only in options for the semantics). + +&#x200B; + +\------ + +&#x200B; + +On to current day. 7/15/22 is piling up with Puts between the $100-$120 mark. The Put/Call Ratio is still Neutral, at 0.85... but I'm beginning to feel inclined to believe that is simply more due to bullish fomo Call buyers, than the Put activity. There are \~1,300,000 shares up for grabs if the price drops under $100 by the 15th. There are \~500,000 up for grabs at $120 alone. + +&#x200B; + +We don't know what the real-time FTD data looks like, and I highly doubt we get the first half of June on time, so whether they still need these 500,000+ shares is still up for debate (well, I mean technically of course they need them, I'm speaking specifically to needing them to satisfy FTD numbers). + +&#x200B; + +Don't be surprised if we get attacked under $120 in the first half of July, and then see it immediately run back up. Remember, US options can get exercised at any time... it doesn't need to be the actual week of the options expiration. + +I highly doubt we get sub-$100... but you do need to realize there are \~750,000 shares up for grabs on those Put contracts. If they feel desperate enough... \*OR IF THEY SEE ENOUGH Stop Losses\* lined up to start retail accounts auto-selling into a price cliff... THEY WILL DO IT. + +&#x200B; + +I currently believe they are going to hit us sub $120 for at least a day in early July, and that they are going to see how many people are finally in the green and willing to sell to see if they can get it to the $100 mark. I don't think they have the funds (or the balls) to do it themselves; I think they are willing to pay to tank it to $120, and then just hope the market is set-up to slide down to $100 on its own. + +&#x200B; + +\------ + +&#x200B; + +But there it is. FTD proof of them attacking the options chain at the exact timing I thought they would, for the exact amount of shares I thought they would, with the effects being noted in real-time daily delivery numbers on the SEC report. + +&#x200B; + +I've never once labeled a post as DD. I've used the Discussion label all the way back to when Pixel was stealing my research from Other Sub and reposting it to karma farm the apes in the early days. + +&#x200B; + +This one I'm labeling as DD. I've spent over a year watching these feeds and it's worked out to the dollar, to the day, enough times that I'm not "discussing" this anymore. It's happening. And apes need to understand it. +The October inflation in the US was 6.2% on an annual basis, which is super high given the recent history of sub-3% rates. + +That said, I come from a place where people were high-fiving when they get anywhere 6% inflation. Double digits were the norm back there. When I was a kid we lived under hyperinflation which is a complete shit show, people get their paychecks and immediately go buy their groceries for the month. This is not a figure of speech, they really did go IMMEDIATLY because the prices were readjusted 1 or 2 times IN THE SAME DAY. Concept of savings was non-existent. Either you buy as much US Dollars as possible or put in some asset that has intrinsic value like real estate. The house I grew up was huge, and I learned that was not because my father was in a good financial situation, but rather it was the only option to dump all his savings before it lose half of its value in matter of weeks. + +Long story short, my bar is a bit out of place here... so should I be concerned with the 6.2% rate? My take on this: likely FED will increase rates, which will devalue bonds and stock prices. But then this should be already embedded in the current asset prices, so I don't think I should be doing anything with my portfolio here. +What's Price-to-Sales? It's a simple equation ... Market Cap divided by revenue (sales). Price-to-Sales is highly dependent on industry, with tech and growth companies often enjoying much higher Price-to-Sales ratios ... meaning their markets caps are typically higher compared to the revenue they generate when compared to industries like raw material producers or food wholesalers. + +Thankfully, the Stern School of Business at NYU is kind enough to track this information, breaking it down by industry. You can find this info here (current through January 2022): [https://pages.stern.nyu.edu/\~adamodar/New\_Home\_Page/datafile/psdata.html](https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/psdata.html) + +I've gone ahead and extracted the relevant bits, and it looks like this: + +https://preview.redd.it/kqrutps51jx81.png?width=1454&format=png&auto=webp&s=c1c9b582402fb7216978fc0d3dd7cb3273613dca + +So what does GameStop's current Price-to-Sales look like? Well, let's start with their 2021 revenue ([https://investor.gamestop.com/node/19651/html](https://investor.gamestop.com/node/19651/html)): + +https://preview.redd.it/1ptpxrrb1jx81.png?width=1802&format=png&auto=webp&s=c7971d74b837fd9459cd5ce62e439ad39ca0477b + +These amounts are in millions, so that's $6.01 billion in net sales in 2021. And GameStop's current market cap is $9.64 billion. We divide $9.64 billion by $6.01 billion, and we get a Price/Sales of 1.6 ... hmmm ... + +So, 1.6 might look pretty strong if GameStop were simply a dying brick-and-mortar specialty retailer and nothing more. In fact, for that industry, a Price/Sales of .88 is average. But does anyone really think GameStop is just a dying brick-and-mortar specialty retailer? I can't find recent info on this, but in Q4 2020, 34% of the company's quarterly sales were eCommerce (online) sales, and we know this has been growing like crazy since then. I wouldn't even be surprised if more than 60% of sales are now online sales. Online retailers typically have a Price/Sales of 3.5. So let's go with that, which is conservative I think given GameStop's unique position in the marketplace ... they really do sit squarely in the middle of a very unique intersection between industries, and there is every expectation that this will evolve rapidly in the near future. + +So if we use Price/Sales of 3.5, we'd multiply their 2021 sales ($6.01 billion) by 3.5 which equals $21.035 billion, and then we divide this by the number of Outstanding shares (76 million). This gives us a share price of $277. + +Now if the NFT Marketplace is as big of a success as RC, the board, and apes think it can be, then a Price/Sale of 5 or more might be appropriate. Even without this piece, if RC and the team can keep growing retail sales at the pace they are, a market cap of $25 billion or $30 billion seems very achievable in the next year or two. + +Shorts must be shitting in their, well ... shorts. + +https://preview.redd.it/hcsjp95y7jx81.jpg?width=500&format=pjpg&auto=webp&s=cbd778b14b06e752baf0402d92ee5127167f5d8f +*Throwaway account since I'm giving actual dollar values here.* + +I do data-driven short-term trading via a homegrown system, and I got burned by brokerage behavior I hadn't known was possible. + +So, last month my system told me to short INNT from to June 18th to July 16th. I opened a short position on 1420 shares (\~$15k at about $10.55 per share) on 6/18. Unfortunately, INNT saw a massive spike (>100%) not long after I opened my position, presumably triggered by it getting added to the Russell 3000, 2000, and Microcap indexes. Not great news, but I didn't panic and close the position -- I would stick it out through the frenzy out and follow the plan. + +On July 11th, I got a surprise -- my brokerage had forcibly closed out my position, buying back the shares at a cost of about $35k. It turns out that they had to execute a "buy-in" with no notice since they suddenly found themselves no longer able to lend me the INNT shares. Presumably, other clients had sold their INNT shares, and the brokerage now didn't have enough shares for me to continue shorting. + +Anyway, July 16th arrives (the date on which I was to close the position), and the share price drops to $8.08 per share. So, had that forced buy-in not occurred, **I'd have made $3.5k rather than lost $20k.** + +Lesson learned: Your brokerage can close your short position without any notice, regardless of your account's standing. (And yes, I could have limited the loss via options, but that's not practical for my situation) +I have bought u/Enlii on board as a mod as he was a very active member here early on. It wasn't the big community it is now either and it grew a lot. I really thank him for setting up automod and for work he has done. Lately I feel he his overmoderating this sub without discussion and I have thus given him a small time out. None of the arbitrary rules he created have been discussed with the other mods. I don't think verifying users is adding much to the discussion here and its a huge privacy issue. Also the 2K screenshot rule is arbitrarily enforced and pointless. Banning users for 45 days because of it randomly is not helping either. + +Right now I'm not so sure this is the right path for r/thetagang. ~~I would love to get some input on this, also from u/Enlii. I have stripped his moderation permissions for the time being, but have not removed him as a mod.~~ + +After going through the config, I see that he put in his tastyworks referral code disguised as a tinyurl link in the side bar ("Thetagang Preferred Brokerage"). It looked like (actual code removed): + +htt*s://start.tastyworks.com/#/login?referralCode=XXXXXXXXXX + +Wtf. That is a huge nono and a bannable offense. I've removed him as a mod and banned him accordingly. All other bans have been lifted, we'll start fresh. +https://www.google.com/amp/s/www.cbc.ca/amp/1.5473370 + +What do you all make of this? + +Furthermore, do you think is bullish for current producers (such as Suncor) due to less competition for pipeline access or bearish as it shows sector weakness? +My post on personalfinance got deleted by a mod and told me to post in either legaladvice or here. Just to be clear, I am not asking for legal advice, I now have a lawyer. My reason for posting was to share my experience. Not looking for pity from the community, just sharing which I thought reddit was all about. If this gets clipped, I guess my experience on these subs is skewed somehow. + +My original post: + +Sorry for the downer post. I posted here less than a month ago and got a lot of insightful replies and suggestions. At that time I had no idea this was coming today. + +Marriage can be a complicated road to travel. Lots of bumps and turns over the last 26 years of it. Mine will be coming to a stop soon and I will either make a right or left. + +My thoughts about FI or even RE are not what got me here. But, here I am and will be making a new plan after the dust settles. Getting late in the game for me to recover easily but I will put in what it takes to do so. + +Just a point to consider for the younger crowd about how things can change and an illustration of how your best laid out plan can fail. It can be health related, relationship related and so many other things. + +EDIT: Didn't expect this post to blow up like this. Was busy today meeting with counsel and discussing the situation. Realistically, I was advised that of course 50% of all assets will be divided. Also told the variable is in alimony awarded. Will be 50% of my income at the least and can last from 8 years to perpetuity (i.e. until I die) based on the length of the marriage. That point was the tough one to hear. The journey has just begun so I will buckle in and get ready for the ride. + +Many, many thanks for all the comments. I can't possibly reply to each individually, but trust I have read them all. Some made me laugh, some made me cry and some left me scratching my head. Lol. I feel compelled to update as time goes on, and I will let everyone that cares to know, know what the status is. Thanks again reddit FIRE community, your comments mean a lot to me right now. +ACTIVE EDITING: I will be adding rules as I find ones in the comments that benefit my trade style!!! + +After a 1k loss in 2 minutes yesterday on a volatile stock I decided it was time to set ground rules but I want to see what everyone else has come up with an potentially add to my own: + +1: after a big drop, don’t immediately buy in as it could just keep going + +2: limit losses on volatile stocks by betting smaller amounts + +3: ALWAYS put a stop loss. Mental stops always get broken by gut feeling that it’ll turn around + +4: ALWAYS limit order on entry + +5: trade on the uptrend not the downtrend, wait for a noticeable reversal + +6: LIMIT the amount of companies on your watchlist. There will ALWAYS be “better companies” trade and make money but focusing on too many at once means not spending enough time on any! + + +7: if something confusing happens with the way a stock is suddenly trading, STAY THE FUCK OUT until a noticeable trend is back + +I learned all these rules the hard way + +I’m usually only in a stock maximum 5 minutes. I usually will watch a chart for 10+ minutes before deciding whether it’s worth it or not. Generally new highs with unusually stupid high volatility. I may only make a single full trade a day + +————————————————————————————— +ADVISORY WARNING: this isn’t financial advice, also I had to reupload because automod removed it for some reason +Personally, I love Disney. I think their brand and their contents are just perfect, and somehow I feel emotionally attached to the company because I grew up watching Disney movies, buying Disney products and going to Disneyland. + + +I didn't make a full valuation but I will, and right now I feel it's overvalued. However, we don't know how to value Disney, because the company wants to increase its revenues from Disney+, which I'm sure will become more important than Netflix. The brand power of things like Star Wars, Disney cartoons (unmatched), and Marvel are just incredible. And I’m sure they will acquire more brands to fuel their tv shows which are usually better for streaming platforms. + +I feel like their Disney+ business isn't really "priced in" in Disney, and they still didn't produce many new shows/movies for the platform. Netflix PE is 90, Disney (adjusted) is 40. + +What do you guys think? Am I being too emotional, or do you believe this can still be considered as a "value" stock, compared to its tech competitors? Or the actual price already reflects this? I'm still on the fence on this. +Hi guys! + +Very happy to have found this sub reddit. I have been a value investor for a few years now and I love it (love my returns \^\^). + +I love Sven's sheet, however I can't wrap my around around how to use (or what to specify in) the **terminal multiple** cell (for each type of scenario). + +Can anyone help me (1) understand what the terminal MULTIPLE is and (2) how one can arrive at a number to specify for each scenario (worst, normal, best case)? + +[Source](https://svencarlin.com/how-to-calculate-intrinsic-value-formula/) + +Thanks in advance! +Struggling with this (as I’m sure many of us have) and looking for input.. As you’ve grown in your career, how have you combatted self doubt and imposter syndrome? + +I am a 30 year old dentist and practice owner living the Midwest, and my wife is a 30 year old physician assistant. No kids yet but trying to start soon. + +Right out of dental school in 2018, I took a big risk to start my own practice from scratch. After a few years of extremely hard work in and on the business, I have been very fortunate to see significant growth. + +In 2021, I will come close to netting 800k income before taxes, and combined with my wife that number will be around 925k. In 2017, our net worth was close to negative 850k with student loan and practice debt combined. Now it is around 2.5mil (with about 1 mil of that in index funds and a good majority in the valuation of the business.) The practice continues to grow. + +We are very efficient with our time at the office and I usually work 12-14 days a month clinically, with admin work sprinkled in here and there. + +What I am struggling with is the psychology of making, what is to me, so much more money than I have ever been accustomed to. I grew up lower-middle class. My wife and I don’t spend money on anything crazy, although we take lots of trips and spend money on things we care about. I truly truly keep my patients best interests at heart and I know we provide great value to them. + +Still, I sometimes struggle with the idea that I somehow don’t deserve what I have despite the years of sacrifice and hard work. I feel like an ordinary guy. Sometimes I become sad seeing service workers and other hourly workers working themselves to the bone and how they would probably kill to be in my shoes. I also struggle to see how this success can mesh with my Christian faith. + +I usually enjoy my days at the office, but I was not born to be a dentist. I could and would spend my time doing many other things if given the choice. + +I’m seriously considering therapy but not sure how to find a good one. I’d love to discuss together and talk about how one can deal with these issues as a high income professional. I am still very young in my career and success and hope to learn from you all who have been there before. + +Happy Thanksgiving! +Hi Guys, + +I'll make this simple and clear. I keep hearing people (in here) that says they holds bonds, or some ETF (80% equity, 20% bonds), or some other saying GIC or good too, as they are low risk fixed income. + +I just dont get it. I totally dont. Especially with the current inflation rate of about 3.6% (from [CBC.CA](https://CBC.CA)), and I guess it could be higher. US is currently 4.5% declared, but it could be close from 9.5% (as by Anthony Pompliano & Peter Schieff). + +&#x200B; + +https://preview.redd.it/coqmnygzqme71.png?width=636&format=png&auto=webp&s=1225bd3e27974498317d21df64bc8823ce5be825 + +My point is....how can you say Bonds are good....especially with a 2.5% (or lower) annual coupon return a year ? I mean, you get ripped of by inflation. If Canada inflation rate is 3.6%, you're actually losing purchase power while holding that Bonds / GIC. + +It makes no sense for me. Im looking for ETF 100% equity, I dont see no point of allocating some portions of my portfolio into bonds/GIC, especially when I know they cant even keep up with the inflation rate. In other words, i would be losing money holding a 2.5% coupon bonds in 2021. + +Am I missing a thing ? Any thoughts & opinions on this ? + +Thanks all ! + For the last two years, my small business has been put on hold due to covid. I had spare cash and decided I wanted to look into investing instead of letting the money sit there so I did some research. To clarify, I was completely new to this until September. + +I NEVER thought I'd be buying into crypto. Cryptos just seemed far too complicated - I didn't understand any of it because, along with bitcoin, you're thrown 100 other crypto coins or tokens that do other things and it just wasn't easy to get into. + +I don't feel the community of people into cryptos ever truly explained why you should buy fake internet currency or what it does. Being told Bitcoin is 'decentralised' and 'deflationary' meant nothing to me. + +I thought, how does that provide use or value? This seems like one big pyramid scheme of a huge community promising the price will keep going up because 'there are only 21m Bitcoins and 7bil people' just made me think there's a huge bubble that will burst like all the times before and I'll be the one holding the bag. + +It wasn't until I found **SIMPLE** reasons - *that I had to dig for* \- as to **WHY** that made me change my perspective completely. + +So, here are the things that convinced me. + +Bitcoin isn't about making money off an investment. The reason for Bitcoin isn't about getting in early, the value goes up and then selling. If you look at it like that, there's no point investing. + +Bitcoin is an alternative - better - performing currency. It can be used anywhere in the world better than our current financial system. + +Bitcoin is a faster, global, one currency for all. It can be turned from Bitcoin into any currency in a few minutes and visa versa. + +Stored online or offline by your phone, computer or ledger wallet (like a USB). It can be accessed anywhere at any time. Everything is backed up by a unique seed phrase in case you lose your wallet. Everything is VERY easy to use and access. + +Bitcoin holders are their own banks. Imagine a relative has an emergency in another county and needs money. Normally, this would take 1-3 working days to transfer due to banking networks. + +With Bitcoin, you would transfer your bitcoin to their wallet and they could instantly change this into their local currency within 10 minutes. No heavy exchange rate. No waiting. No forms. No long back and forth of bank details, account numbers, sort codes, swift numbers etc. Any day, anytime. + +Bitcoin is actually easy to use. Receiving bitcoin into your wallet address and sending it to other wallet addresses. Simple. + +The value comes from Bitcoin being the new age of currency. Governments can ruin their *own* economy by printing their *own* currency and cause hyperinflation. The more they print, the poorer their *own* people become. Obvious examples are Zimbabwe and Turkey. However, this also applies globally. One in five US Dollars were created in 2020. This means your money is worth less through no fault of your own. + +Imagine being in Zimbabwe during their worst financial crisis. People had no option but to watch their entire life savings turn to ashes because of their government. Bitcoin can provide financial stability on a global scale. + +So for now, I have put a large portion into bitcoin. Not for an investment but what I feel is the future of financial freedom. I now see why people are believing in and buying bitcoin and don't feel like it's bad idea at all. + +Please note, I'm not trying to raise the price of Bitcoin (I don't think my reddit post will have an impact on trillion-dollar market cap currency) but show awareness to the average-joe who may not be aware of why this thing exists and why it is gaining such a massive following. +All bills paid on time, a little able to go to savings, writing my business plan bc I finally have time. It feels so good and just wanted someone to tell since I don’t really have anyone in my life who’d be proud. +For those lucky enough to live the 2nd home dream: + +We’re looking at vacation homes and I’m just shocked by how hard it is to afford two mortgages. We make a lot ~400k HHI and are looking at entry level condos which are 650k. + +This means you are paying ~4.1k/mo for a mortgage. + +And this whole Airbnb thing - the locals hate it, the cities are locking it down, and for all the work you don’t even clear half the annual mortgage. + + +So for those who have a place, how do you afford it? Did you by 10 years ago when it was cheap? Did you pay mostly cash? Or is your monthly take home just really high? + +And for those who say the markets going to drop, even if it drops 10% in price & 2% decrease in rates, you still pay 3.1k which is way better but still a lot. +There was a recent thread called “Why do few brits invest in stocks and shares”, and some of the replies given were that many people see investing as gambling. + +I thought this was reassuring because it’s the same response I received from my family when I have tried to encourage them to invest, so it’s nice to know I’m not alone. + +Traditionally we don’t talk about money; still, I’ve tried to encourage them to invest, but I’ve been met with scepticism and even a little bit of contempt. + +I recently paid off my mortgage, so to celebrate I increased my yearly pension contributions to nearly £20k, and what I was spending on the mortgage has now gone into my S&S ISA. + +The sad thing is I haven’t even shared this with my family because I know they’ll disapprove. In fact, I think there is a worry that any birthday money (even just £100) or inheritance I receive will be “gambled away” on the stock market. +My wife is tired of hearing me talk about stocks, and I wanted to share my first week's success in selling CCs on INTC and SNDL! Looking forward to seeing how Week #2 goes. + +Also, I'm geeking out about how you can use the =GOOGLEFINANCE function to update stock prices in Googlesheets. +About a few months ago, I started to sell CSPs instead of YOLOing all my money into options because it was clear that was not going to work for me. I would get anxious as fuck before the market open because it was clear I was going to lose money. + +Now, I stick to trying to create a consistent income, and I work towards increasing my percentages each month. Thetagang is pretty dope and I am glad that I am starting to understand it. + +I started at about $1500 and was selling CSPs on AAL, AUY, NIO (before it was cool), RKT, PLTR, and now GME. My plan is to usually stick to selling CSPs on extremely high IV stocks, which end up being the meme stocks of r/wallstreetbets + +I have a spreadsheet that documents my trades, and it psychologically keeps me on track and keeps me in check so that I do not go and YOLO all my money. Anyways, looking forward to selling more CSPs, and hopefully implementing some more strategies. + +&#x200B; + +[Came to my senses in mid-August](https://preview.redd.it/oeo1gwi8b2261.png?width=757&format=png&auto=webp&s=020d898b2e5510406e12f0c592e45af71917d3a9) + +[Great spreadsheet to keep track of things](https://preview.redd.it/cgvpyg4ab2261.png?width=1327&format=png&auto=webp&s=844177167b1bc9aff26d4dde7cd1b8d342ee6d84) + +[Tracks the p\/l in graphs](https://preview.redd.it/ejsjfejbb2261.png?width=1146&format=png&auto=webp&s=d48c18c81ef2a56511810878948a20bd764e6f82) + +TLDR: I am selling CSPs to create an income, and I will use that income to buy more shares / sell more CSPs. + +&#x200B; + +EDIT: Here is the Google Drive link to the spreadsheet. + +[https://docs.google.com/spreadsheets/d/1hATD6rIi0jGYJ4rROBAJDRTv1nvsoSF5uIYKviFuhCc/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1hATD6rIi0jGYJ4rROBAJDRTv1nvsoSF5uIYKviFuhCc/edit?usp=sharing) + +\*Create a copy and save it to edit it in your own drive. Enjoy! + +&#x200B; +First of all, thanks to u/moneymotivated711 for helping to connect the dots here. + +Yesterday (July 29th) a new subdomain was created on Gamestop's website ([exain.gamestop.com](https://exain.gamestop.com)). + +This subdomain doesn't load a live page. We see this every time Gamestop integrates new software such as tableau.gamestop.com (data visualization tool that their data analysts in-house will use). So what is **Exain**? + +Well more info about Exain (now called **Fyblo**) can be found at [exain.io](https://exain.io) (which redirects to [fyblo.com](https://fyblo.com)) + +**" Fyblo simplifies investor-business relationships through blockchain** + +**We help startups and SMEs to tokenize their Strumenti Finanziari Partecipativi and other assets"** + +Strumenti Finanziari Partecipativi translates to "financial instruments" in Italian. TOKENIZE FINANCIAL INSTRUMENTS? Sounds like we might have 2 options... + +&#x200B; + +https://preview.redd.it/siz34der7oe91.png?width=585&format=png&auto=webp&s=374319f1036f5f4642767ff29dfe0307d52e8517 + +Some more confirmation that Exain did rebrand to Fyblo can be found on the CEO's LinkedIn page: + +&#x200B; + +https://preview.redd.it/cim5db0s7oe91.png?width=782&format=png&auto=webp&s=5400f1d8746f6aa8f926a8ec77eec015d32362a0 + +It seems like Exain rebranded to Fyblo but their API still refers to their software as Exain, and now GameStop is integrating it. +Good morning r/dividends, + +This post is to officially announce that u/chaosumbreon87 has officially joined the moderation team of r/dividends. His contributions to this community have been exceptional to the point where I felt his commitment and dedication to our subreddit deserved recognition and credit. + +This post is for welcoming him to the team, and for wishing him good luck. +Mainly thinking along the lines of Virgin Galactic's tourism trips. Anyone here ordered tickets or have any experience? + +I know in the past, there's been 8 different space tourists that I'm aware of, and they each paid about $20-25 Million a head to travel with Space Adventures, and while that is definitely FAT territory, it's probably still out of reach of 99% of people on this sub, but it's still a really cool concept. + +However, Virgin Galactic has been making some serious progress and at $250k/person for a 2.5 hour flight including 6 minutes of weightlessness past the boundary of space seems definitely within reach of a lot of this sub. Anyone here bought tickets or planning to buy tickets once they've reached fat? +Elizabeth Warren [slandered](https://www.youtube.com/watch?v=AKijzoNjgk4&t=4792s) Bitcoin developers when she called them both shadowy and faceless. This kind of behavior sounds unbecoming of an elected official, and worse yet, it indicates that Warren has put little effort into talking with, reading about, or listening to all the people who use their time to improve the financial system by writing open source software. +You know who puts out shitty statements like that? Corporate types. You know who is trying to get these subs broken up and divide the communities? Corporate types. + +Nothing else matters to me but that one statement. The fact that they go out and lie to people who have the ability to immediately (within 24 hours) verify or falsify such statements says it all. + +I don't care about who said what and any potential reasons behind the removal of either of them become completely meaningless by trying to "get ahead of the story" and spinning a narrative. + +You know who does that as well? Main stream media, politicians and corporate types. These folks are so set in their fucking ways, they honestly believe that these communities simply believe the first thing they read and ignore any and all retractions, edits, corrections or statements coming after. Like we are some sort of audience for main stream media garbage to be hoodwinked with clickbait. + +Yeah, sure, we'll cheer good news but if the good news get disproven, the good news gets discarded for any further consideration. + +Same for bad news. If bad news is proven, it's incorporated into our outlook, sentiment and stance. + +**EDIT1** + +I got a reply to asking about this issue from one of the remaining mods and while I am sure precious few will come back to this thread and read the edit, I'd like to stick to my guns here and point out the following: + +There might have been a case of peer pressure leading to both mods stepping down "voluntarily". I still do not appreciate the initial message and maintain it was a lie, albeit mostly by omission - leaving out that yes they stepped down, but it was due to immense pressure, rather than their actual wanting to. + +But given that they cleaned house (or people stepped back) **and** I got an actual reply to a message puts things right for me for now. + +**/EDIT1** + +**EDIT2** + +A new statement released by the founder of /r/GME supports the assumption that the original mods were indeed pressured into leaving by rogue mods on the team as you can read up on here: https://www.reddit.com/r/GME/comments/mnuvlz/bearbipolars_statement/ + +This is some actual transparency and I am glad that we got it. + +**/EDIT2** + +I just like the stock and I really, truly hate people and companies you think they can lie and just get away with it forever. Not here, not with these communities. Not with everyone. + +HFs are fucked. The DD is right. + +Buy the dips and hold. +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 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) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Theres a guy on Twitter, goes by the handle LonghornCapital. Apparently he's a day trader who consistently makes money, consistently. A little too consistently imo. + +A graph he's posted shows his gains have gone steadily up all year like a term deposit but profits increased 500% vs the 0.8% youd get on fixed interest. He'll have a red day where he loses $500 then will make $7000 the next day. + +His posts are all "today I traded ABC and DEF and made $x" + +Is it all BS or am I a noob? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /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) +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! + +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! + +I would love to hear stories of traders who have made it to the top. A trader who consistently makes profit in any market condition. How did you get involved in trading? What was your struggle? How did you overcome your struggle to become a profitable trader? How long did it take for you to get there? Thanks! +Update: Reserve Bank of India (RBI) has decided to extend the timeline for the stakeholders to migrate to the framework by six months, i.e., till September 30, 2021. [source](https://www.moneycontrol.com/news/business/rbi-extends-timeline-for-processing-of-recurring-online-transactions-6714371.html) + +&#x200B; + +1. For auto-payments from debit and credit cards or via wallets, an additional authentication by the customer will be required from 1 April. "A cardholder desirous of opting for e-mandate facility on card shall undertake a one-time registration process, with AFA validation by the issuer," RBI said. +2. The limit for auto-debit from cards and wallets is set at ₹5,000. For transactions above the cut-off, an additional one-time password (OTP) will be needed. +3. The new rule will be applicable for transactions performed using all types of cards – debit, credit, UPI and PPIs, including wallets, the central bank earlier mentioned. +4. The regulator earlier asked the banks to introduce additional factor authentication by 31 March, 2021. In a circular issued on 4 December, 2020, RBI said, "Processing of recurring transactions (domestic or cross-border) using cards/PPIs/UPI under arrangements/practices not compliant with the aforesaid instructions shall not be continued beyond 31 March, 2021." +5. The issuer has to send a pre-transaction notification to the cardholder, at least 24 hours prior to the actual charge or debit to the card. The user will have an option to choose a mode among available options (SMS, email, etc.) for receiving the pre-transaction notification, the regulator said. +6. To proceed the transaction, customer's consent is must. The cardholder will also have an option to "opt-out of that particular transaction". +7. The issuer shall provide the cardholder an online facility to withdraw any e-mandate at any point, RBI said. "No charges shall be levied or recovered from the cardholder for availing the e-mandate facility on cards for recurring transactions," the bank noted. +8. Banks have started informing its customers about this new rule. “In accordance with regulatory requirements, processing of e-mandates for recurring transactions, which have been registered on your credit or debit card without Additional Factor of Authentication (AFA), will be discontinued w.e.f. April 1, 2021. You may make payments directly through your card at the merchant website or application," read a communication sent by Axis Bank. + +[source](https://www.livemint.com/industry/banking/debit-card-credit-card-auto-payment-rules-change-from-april-know-details-11617108811026.html) +Another long time lurker on this thread and haven't seen too many posts about eBay as an option of making a bit of cash on the side. Everyone knows about eBay and it's highly likely everyone on this thread has used it at some point in the past ; however my recent success (and how easy it's been) is something I thought I'd share. + +For years I've sold on eBay, since around 2012 I think. I've now had around £7500 worth of sales when I go into my Seller Dashboard. This has been through selling things I've 'had' to sell e.g. old phones, furniture, consoles etc but during the boredom of furlough during the summer, just before I was asked back into the office - I started to do a full clean out of my room. There's absolutely loads of possessions I had, mainly clothes, that I no longer used/wore I've sold, and that I am now consistently selling that I thought had very little value, and which I assume others do too, and I've ended up pocketing a nice bit of cash doing this. + +It was around about June 2020 that I basically raided through all my clothes and underneath my bed and been very decisive about what I want to keep/sell - things I no longer liked, didn't fit etc.. Throw nothing away! I've realised there's always a buyer out there no matter how 'bad' you think a t-shirt is whether in terms of either fashion / colour / cosmetic condition. + +Since the success of all my old clothes, I've now started buying clothes to re-sell. I buy them on Vinted and sell them on eBay. Vinted is a dedicated app for buying and selling clothes, however there seems to be a lot of people on there selling branded clothes for next to nothing. I bought 3 x Jack Wills items (desirable brand on eBay) for £1 each. All from the same buyer, shipping was 0.99p with Hermes. I've sold 1 of them items for £12.50 and another one of the items for £8.95. Another success story with Vinted/eBay was buying some Ralph Lauren Joggers for £3.10 and selling them for £25! + +A lot of the time it's the listing that sells it. A few good tips I can offer for eBay listings are: + +\- good lighting in photos, that are straight / symmetrical with surroundings, hang items up instead of laying down on floor + +\- wash clothes/iron clothes if needed, this can make a huge difference + +\- keep phone completely still when taking photos (sounds so obvious but the amount of blurry listings I see is incredible) + +\- Product Title following the format of : 'Brand - Gender - Item - Size - Condition - RRP if necessary' e.g. 'Polo Ralph Lauren Men's Joggers Size L - Great Condition - RRP £85' + +\- Buy it Now on eBay as the buying format works well for me. If things are struggling to sell after 3 weeks or a month I will send them to auction + +\- offer 'FREE' postage but build in the cost of posting the item, into your item price as buyers then feel as though part of the product/service they are buying is 'free' + +\- offering Royal Mail 1st Class, with 0.00 postage cost on your listing also qualifies you for the 'FAST and FREE' badge. Similar to the Prime badge but for eBay - another thing buyers desire + +\- an alternative courier to use is Hermes, they have drop off shops all over the UK, they are cheaper than Royal Mail and all of their services are fully tracked too. You can also get a further 20% off their services through Unidays if you are a student or know someone with access to this + +There are loads more tips and bits of advice I could offer in terms of eBay - online sales is actually what I do as my job too which obviously helps and I did a business/marketing course at Uni too - but I don't want to make this post too long. + +I can only apologise if all of this may seem obvious to any readers but I was surprised that some of my friends (all in their 20's) had never even listed an item on eBay. It's actually really easy to use once you get the hang of it and understanding the fees associated. + +Hope this has been an interesting read and/or helpful and can hopefully encourage you to start selling online! + +Matt :) +I’m back and so is my fondness of the .00. I spent all week trying to shake the thought of it... but just as the return of 005 was, the return of .00 is inevitable. + +Speaking of .00, Did you know in June that 29% of our open, close, high, and low prices have ended in .00? 48 data points, 14 being .00 price points, 29%. That’s up from 15% in May and 13% in April. I didn’t know either until I gave up sleep for this. + +https://preview.redd.it/1t1ljk5qzo571.png?width=1066&format=png&auto=webp&s=03c7ca7bc4d04d648bd85743b0c809238ff70d87 + +Now, before you come at me with **why** the frequency of .00 price points are increasing with reasoning such as "as prices increase so do chances of .00 price points"... I know! This whole post will be dedicated to proving that even with certain understandings of why a stock might end in .00, **GME is a true outlier** (and you know what that means 🚀🚀🚀). + +Earlier this week I succumbed to my madness and had to see if my own noticing of .00 key (open, close, high, and low) price points was *frequency illusions* or fact. Frequency illusion, or [Baader-Meinhof Phenomenon](https://en.wikipedia.org/wiki/Frequency_illusion), is your internal bias that causes something to appear more often only after learning or noticing that thing for the first time. + +Before now, I thought I was simply seeing what I wanted to see. You can check out [my previous post](https://www.reddit.com/r/Superstonk/comments/o002rs/feel_like_gme_closing_prices_are_ending_in_00/) to see what started it all, but a quick recap is that in 2021 GME has a 61.06% rate of having a key price point during a trading day end in .00. The average for the 18 prior years is 9.25%, last year was 5.14%. GME is seeing key price points at .00 more often, and the rate is increasing. + +I appreciate the love my first post on .00 received. I also appreciate the perspective that other apes were able to provide as my brain is smoother than the gelato my wife treats me to once a month. Since then, I’ve quadrupled my research in an attempt to directly address some of the top reasonings for .00 price points to determine if GME is following a trend that exists across all stocks or is a **1.00-of-a-kind** in just another way. + +**TL;DR: Buy & Hold. Read the title again too. I predict we will continue to see an abundance of .00 key price points as we approach the MOASS. GME is a true outlier and in my next post, I will be mapping GME’s .00 price point frequency to the FTD cycles.** + +This post is broken into sections each starting with a quick summary. + +&#x200B; + +**.00 | The Data** + +I’ve exported all my data from Yahoo's historic price exports. I love transparency. + +I am going to cover the following in this post.GME historical data from January 2002 to June 15, 2021 + +https://preview.redd.it/rqloapis1p571.png?width=1211&format=png&auto=webp&s=74931fdcbb473ce80a9d7d0f3c242c9ba8696ffd + +And the following stocks for comparisons and baselines.AMC historical data from January 2014 to June 15, 2021 + +https://preview.redd.it/9mm4ja572p571.png?width=1213&format=png&auto=webp&s=b9a9589e5ae5d122c6126534a62bef1935487fba + +TSLA historical data from June 29, 2010 to June 15, 2021 + +https://preview.redd.it/t98nk6yx1p571.png?width=1214&format=png&auto=webp&s=aa9ca359647049cbe302d86ed3f254db9b90d08f + +AMZN historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/ukj589qkiq571.png?width=2190&format=png&auto=webp&s=f2d5405ed53e568480ac66bbca81761ca8e59639 + +OSTK historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/low31kt12p571.png?width=1213&format=png&auto=webp&s=0305190e7cc57a21911f5ec1c61a525caeaa34eb + +AAPL historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/n9pz56g42p571.png?width=1214&format=png&auto=webp&s=e0d024548ebf51cab8dbc71c134a33e24e16fe73 + +GOOG historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/k4rjivwg2p571.png?width=1213&format=png&auto=webp&s=e3ac23ec63ee2c7ccb02537c1481fa71e2d9b52a + +NFLX historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/nawin8uj2p571.png?width=1213&format=png&auto=webp&s=fbc6ac457470b897bb5b60d566cdf03e97edd206 + +&#x200B; + +**Reason for .00 #1.00 | As a stock price increases, .00 key price points are more common.** + +Is the statement backed by data: **Yes**. See below. + +GME Myth or Fact: **Myth**. Although the rate of .00 key price points has increased with the stock’s price, GME is trending 5-10x higher than the average stock for .00 appearances at price points greater than $100. + +Before I go into the numbers, I want to take a second to explain why this statement is reasonable to believe without first checking the data. If a stock is $1.50 it would require a 33% movement to hit a .00 key price point. If a stock is $15.50 it would only require a 3.2% movement. Therefore, it’s safe to believe that as a stock price increases that the occurrence of .00 key price points will also increase. + +That simple understanding wasn’t enough for this smooth brain of mine. I wanted to see just how common these .00 key price points were within different price brackets. I'm a simple ape that likes patterns and nice flat numbers. My TV volume is at a flat 20 and my stock will be at a flat 20,000,000.00 soon too, and I'll love every short moment of it before the rocket continues rising. + +For this experiment, I deemed testing and verifying using only the Open Price of GME and the stocks in my data pool would suffice. + +I tallied the occurrence of how many times each stock opened in my set price ranges and also tallied how many times each stock opened at .00 within my set range. This can be used to tell us the percentage of times my data pool opened at .00 within each price range. There were no surprises here: + +https://preview.redd.it/0zm3afp13p571.png?width=1138&format=png&auto=webp&s=52dbb7efacf91693a88bbd32a81b8bf10142eea0 + +Looking across all eight stocks, the percentage of time a stock opened at .00 increases pretty steadily as the stock price increases. + +This confirms the original believed statement that as the price increases so does the appearance of .00 key price points. *However*, we can see that **GME is a clear outlier**. Once the price broke $100, we’ve seen an increase in .00 appearances that is **unlike any other stock**. This tells us that we are not just seeing more .00 appearances in 2021 than previously, but also that GME is trending in more .00 at this price level than normal. + +&#x200B; + +**Reason for .00 #2.00 | Retail is more likely to place orders at .00 and GME is** ***THE*** **retail movement.** + +Is the statement backed by data: **No**. I was not able to find data on retail orders and if orders ending in .00 are more common. + +GME Myth or Fact: **Myth**. There is a lack of quantitative data on retail orders and there is no correlation between the percentage of .00 appearances in 2021 of GME (61.06%) and AMC (13.51%). + +Before we go further, I think it's important to understand the reasoning. The idea here is twofold: First, retail is more likely to place orders ending in .00, and second retail’s tremendous support of GME leads to a larger influence of the .00 price point. There is no exact data that I was able to find on the first point, and the second is conjecture based on the first. It’s tough to tackle this directly. + +First, for retail placing orders ending in .00, It’s unreasonable for me to come to any conclusion on this. I do see a large number of posts educating users on limit orders versus market orders. That tells me that the number of retail investors that are purchasing stock at .00 price points may be smaller than anticipated. There is also an affinity for .69 and 4.20 tail ends as well. Since I can't prove or disprove this, let's tackle the second part. + +For the second part, I would assume the same trend of greater .00 appearances due to increased retail support would also be seen in the movie stock. That wasn’t the case. + +A recap of GME's % of trading days with .00 appearances: + +https://preview.redd.it/bcm10wq93p571.png?width=721&format=png&auto=webp&s=c1aa3c1764c5add6ae589096fb8d9fc39ab188f3 + +And the other stock's rate of .00 appearances: + +https://preview.redd.it/stx1slea3p571.png?width=719&format=png&auto=webp&s=41a2e63d66bd2c119111ab5444ad6a5024a184b9 + +For 2021, it currently sits at 13.51% appearance of .00 key price points, an increase of only +2% on the 8-year average. Even with recent movements, there has not been an increase in .00 appearances. + +This wasn’t enough for me. We all know GME is the real play, so this didn’t seem like a fair comparison. I wanted to take it a step further and attempt to track how much retail interest or hype around a stock would play into the appearance of .00 price points. + +**Reason for .00 #3.00 | Large movements in a stock’s price lead to more .00 appearances.** + +Is the statement backed by data: **No**. I compiled a total of 106 trading years and tracked the spread of Minimum Open Price and Maximum Open Price for each year compared to that year’s percentage of .00 appearances and see no relation. + +GME Myth or Fact: **Myth**. Although GME’s stock price is rising as we approach the MOASS and we are seeing an increase of .00 price points, it appears to only be a coincidence. + +This was a fun one to tackle. How do I compare GME, a once-in-a-ever opportunity, to other stocks? + +I felt that the larger the spread between Min. Open Price and Max Open Price in a given year would provide a good telling of a stock’s movement and potential retail hype. I believe that the larger the spread, the more retail hype there would be. I then compared the spread to the percent of trading days with a .00 appearance. + +I uncovered that the appearance of .00s doesn’t appear to relate to a more volatile stock. + +Years with the lowest spread of Min Open price to Max Open Price: + +https://preview.redd.it/y1fk1gwi3p571.png?width=950&format=png&auto=webp&s=a1375d04110844ad8780de2c2d39c01f2180d144 + +Years with the highest spread of Min Open Price to Max Open Price. + +https://preview.redd.it/qpo7qvzk3p571.png?width=948&format=png&auto=webp&s=44d26632b54922b2f930551aeabd66767ba7158b + +Across the board, there is a pretty flat rate of 12% of trading days seeing a .00 key price point. + +In 2021, GME saw a minimum open price of $17.34 and a maximum open price of $379.71, an increase of 21X. And what is GME’s percentage of days in 2021 with a .00 key price point? 61.06%. + +The largest one-year spread (until GME has its way with me) I found was in OSTK in 2020. I saw a low of $2.54 and a high of $124.65, an increase of 49X. Yet, OSTK’s percentage of days in 2020 with a .00 key price point was only 14.62%. + +While reason #2.00 was more inconclusive because of a lack of data, reason #3.00 can clearly be dismissed as false. There is no relation between a stock's open spread in a given year with the percentage of trading days with .00 appearances. + +\------------------------------ + +That's all I have for now. There are no dates or prices this data allows us to spectate on, but it does show that something is fishy. + +I applaud you for making it through this data-heavy DD. As I mentioned at the start of my post, I'm not done yet. I think there is more here as the frequency of these .00s is steadily increasing. In my next post, I will be mapping GME’s .00 price point frequency to the FTD cycle. + +Now I look to you, ape. Please help me out by providing further reasoning as to why GME might be seeing .00 price points. I'm happy to do further research, discuss, and add another wrinkle to this smooth brain of mine. I want every piece to this .00 puzzle. +🌐 Website: https://www.everrisecoin.com + +✍️ Bsc Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +📢 Telegram: https://t.me/everriseofficial + + +EverRise is establishing the new standard of DeFi tokenomics with its innovative Buyback system and game changing use-cases. + +On the EverRise protocol, $RISE tokens are bought back from the market, resulting in an immediate effect on the price. These repurchased tokens are then instantly burned, permanently removing them from the circulating supply. + +The EverRise buyback function, also known as The Kraken, is funded by the strategic buyback fee. The tokens are converted into BNB and securely stored in the EverRise contract (while also sending the project sustainability percentage to the marketing wallet). + +The BNB locked and stored in the EverRise contract is known as the Kraken’s Strategic Reserves. + +The EverRise contract is coded so that the Kraken’s Strategic Reserves can only be utilized to buyback $RISE from the open market via the liquidity pool. These funds cannot be sent to any external wallet. + +Once the $RISE tokens are bought back, the new BNB amount is added to the liquidity pool and the $RISE tokens bought are immediately burned. This creates a true burn and guarantees the price per token will increase every time a buyback is activated. + +🔥35K BNB used so far in strategic buy-back burns (22.16% of circulating supply)🔥 + +The Kraken Strategic Reserves are deployed at specific moments to create stable floor prices during downward market trends, chart manipulation, or whale dumps. + +Holders are additionally "auto-staked" instantly receiving 2% of the transaction volume and you can watch your wallet grow in real-time. + +💎 THE EVERRISE ECOSYSTEM 💎 + +EverRise’s game-changing ecosystem and EverRise dApps will bring a true revolution to the cryptocurrency space. + +Our dApps: EverOwn, EverWallet, EverSwap, EverLock and EverSale will solve key problems on the crypto industry and will bring a new dimension in personal and project security for crypto. + +All dApps are coming to both the Binance Smart Chain (BEP-20) and the Ethereum blockchain (ERC-20). + +The EverRise Kraken Strategic Reserves will be fed both by the volume of transactions on RISE/BNB and the external ETH and BNB revenue from the dApps. This provides stability not only for the EverRise native token, but all projects within the EverRise ecosystem through their required reserve holdings of EverRise. + +This further protects EverRise ($RISE) investors and allows more power for the true price increasing buyback burns that the Kraken performs. + +📄 TOKENOMICS AND PROJECT SUSTAINABILITY 📄 + +The EverRise contract is coded to collect 11% in fees from all transactions (buys, sells and transfers), to be dedicated into the following: + +* 6% for strategic buyback funds + +* 2% as commission to holders (rewards through reflection) + +* 3% contribution to project sustainability: enhancements, operations and marketing + +✅ ACHIEVEMENTS ✅ + +* CoinPayments integration for payments on Shopify, Magento and WooCommerce +* MyCryptoCheckout integration for payments on Wordpress Sites +* Listed on CMC, CoinGecko & Blockfolio +* 4K BNB Presale sold out in 10 seconds +* 71K+ Holders +* 34K+ Members on Telegram +* $23m+ Market Cap +* 6K BNB ($1.9M USD) "Kraken" Strategic Reserves +* 35K+ BNB used in Strategic buy-back burns (22.16%) +* Code audited by Certik and Techrate +* Included on PancakeSwap Top 100 List +* Most searched token on CoinMarketCap https://twitter.com/CoinMarketCap/status/1411859090964467714 +* The most engaged community in the crypto world and the most trusted Dev & Team +* Just hired experienced Legal and Business Director + +💰 MARKETING 💰 + +* Big marketing wallet for non-stop promotion +* DAVID GOKHSHTEIN joined the Core Team as Branding Consultant +* Wasso from Hodge finance (Marketing) has joined the Core Team +* Marco Calicchia from CertiK (Business Development) has joined the Core Team +* 2nd July NY Times Square Billboard +* Luna PR as agency of record +* Donated $100,000 to Binance Charity Fund +* 11th July Btok ads in China started for 5 weeks +* Certik AMA with Doxxing on July 15th +* 21st July London Billboard on the dominating Europe’s largest financial district, The Screen @ Canary Wharf +* Poo Coin and BTOK Ads running 24/7 + +🔼 NEXT STEPS 🔼 + +* EverRise to become a registered company +* Ads campaign on more platforms +* dApp EverOwn (Contract locking; allowing community vote to unlock if fixes need to be made) +* dApp EverLock (Liquidly locking) +* dApp EverSale (Pre-sales) +* dApp EverWallet (Wallet) +* dApp EverSwap (Swap) +* More big announcements coming soon + +🌐 Website: https://www.everrisecoin.com + +📢 Telegram: https://t.me/everriseofficial + +🐦 Twitter: https://www.twitter.com/EverRiseToken + +✍️ Contract: 0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a + +🔝 Or type EverRise into PancakeSwap and select RISE from "Top 100 List" + +📋 Certik Audit: https://www.certik.org/projects/everrise + +🔒 Liquidly locked for 1 year (Connect wallet to see it correctly): https://dxsale.app/app/pages/dxlockview?id=3651&add=0&type=lpdefi&chain=BSC + +🔐 Dev wallets locked until January 2022 + + +☀️ With #EverRise, we all $RISE together ☀️ +8 months have passed since the Castle of Glass revealed itself and along with it, the truth you now all live. + +I left each of you with one last question at the time, + +https://preview.redd.it/nndlzoi9s8p81.png?width=860&format=png&auto=webp&s=f8db96c08aa028d612dc4debea3ed08134c851e3 + +Do you see it now? The truth of *truths?* I told myself, leave no stone unturned and the only reality that remains would become the one **realized.** + +And here we are. 8 months later. + +**Reality.** + +https://preview.redd.it/bbkqe7ea09p81.png?width=1400&format=png&auto=webp&s=4be07a500c7046905ab71f7ec417165b6a1e19b0 + +**Realized.** + +I had said it was their greed that blinded them. Their gr*eed* that allowed their own naivety to consume them. Most importantly, it was their unending hunger for power and wealth that created a facade so great, that they could no longer see that karma isn't a bitch. + +**Karma is a** **fuckin mirror.** This was the true cost of their "opportunity". + +Each day that has passed since the first truth was shown to you all, their fragile Castle of Glass they call our markets and our economy, has been deteriorating. Crumbling. Fragmenting piece by piece. + +As the cracks spread deeper and further throughout the facade they created, they revealed a truth that could no longer be **unseen, nor undone.** + +Only, **replaced.** + +I argued the game wasn't *about* to change...but rather, + +I argued, **it already** **had.** + +What you see now before you, is simply the truth in all its transparency. **Realized and validated.** + +For any who do not know what this post is in reference to, you'll find your answers below. + +[https://www.reddit.com/r/Superstonk/comments/ok2e0b/a\_castle\_of\_glass\_game\_on\_anon/](https://www.reddit.com/r/Superstonk/comments/ok2e0b/a_castle_of_glass_game_on_anon/) + +[https://www.reddit.com/r/Superstonk/duplicates/pki107/the\_glass\_castle\_new\_game/](https://www.reddit.com/r/Superstonk/duplicates/pki107/the_glass_castle_new_game/) + +\-------------------------------------------------------------------------------------------------- + +As such, I have waited patiently for this day. Patiently, as I did not hope for what came next with this company, but faith in what it would deliver. I did my due diligence and I have reaped my reward. + +A peace in knowing what comes after is simply the beginning of their end. The ones residing within a broken facade. Not ours. But alas, the story cannot end without its conclusion. + +There must be one last part. One last piece of the puzzle to reveal. One last part. + +What comes next will be the end of this story and the culmination of all the events that have occurred before you, but most importantly, the events that remain. The final act. + +**The Castle of Fragments.** + +So as you look towards the future do not hope for what comes next, but **have** ***faith*** **in the inevitable.** + +Hope *walks* through the fire. it is ***Faith*** **that leaps over it.** + +Rest assured, that we are about to **leap** **planets.** + +In playing the game of patience, I was simply early. **Not wrong.** + +**Power to The Players. The Creators. The Collectors. 🥂** +Long story short, I have received £50k from a relative who recently passed away. ~£10k is going towards my university fees. How should I go about investing the remainder of this money? Is it worth saving it right now with inflation? + +I don’t know much about investing or finance. I currently live with my parents. I’m planning on going to university next year, however I should be able to cover the general living expenses with the money I’ve earned from working. Thanks! +Hey everyone. I wanted to start a poll on what newest cryptocurrency you guys think will become the most popular or adopted in our community. I took a list of the currently most popular ICOs and coins talked about on bitcointalk.org that were created (somewhat) recently even though some of them will be a bit older. Here is a link to the Strawpoll: + +&nbsp; + +http://www.strawpoll.me/13558194 + +&nbsp; + +EDIT: Here is the current list of rankings from the poll: + +1. Golem: https://golem.network/ + +2. Karbon: https://karbon.io/ + +3. ICONOMI: https://www.iconomi.net + +4. Status: https://status.im/ + +5. Augur: https://augur.net/ + +6. Bancor: ttps://www.bancor.network + +7. EOS: https://coinmarketcap.com/assets/eos/ + +8. Humaniq: https://humaniq.co + +9. Gnosis: https://gnosis.pm/ + +10. Skincoin: https://skincoin.org/ + +11. BlockCat: https://blockcat.io/ + +12. Pillar: https://www.coinschedule.com/projects/1201/pillar-ico.html + +13. Bitquence: https://www.bitquence.com/ + +14. Mass: https://mass.network/mass-coins.html + +15. VEROS: https://veros.org/ + +In my time on the ethtrader subreddit, I have seen a few of these feel-good posts, and I thought it would be constructive to share my own story, and thank this community for what it has brought me. + +I first heard about Bitcoin in 2015, at the age of 15. I gradually put in money I had earned at my low-paying fast food job until I had a principle amount of about $700 invested. When this amount reached $1500, I decided it was time to move it into something new - Ethereum. I bought in at $45 and hedl on for dear life. The entire time I was a lurker on this subreddit due to my inadequate accumulation of comment karma. Through the highs and the lows, I was extremely fond of this community and everything it stood for. + +What could be thousands of Coinbase refreshes later brings me to this past summer. A doctor's visit and a few scans revealed that I had stage IV cancer, and I was forced to sell my bag due to my inability to work. + +I'm currently 17 and fighting my condition at one of the best cancer hospitals in the world, and I am doing great (scans next week, wish me luck). I have retained a majority of my profits from Ethereum, and decided to reinvest them into Canadian marijuana companies (unable to buy into ethereum.. Coinbase cracked down on minors). I suppose that the purpose of this post is to thank everyone as well as the ethereum platform for the financial preparation, possibly out of dumb luck, to be able to support myself through this. I sure as hell think that beats buying a lambo. + +Be excellent, gentlemen. +I keep hearing/ reading about how prices of everything such as houses, cars are increasing since people have more spare money since they are not going overseas/ on holidays? This seems a bit strange as I can't image the average person spends that much on overseas holidays etc? +This is a large shift for UK telecoms, Erickson, Samsung, Nokia, and Qualcomm. These companies will have until 2027 to remove and replace all 5g transmission equipment. + +Likely it could trigger more trade tensions between China and the west going into the election. + +This will benefit revenue growth for the above companies for a long time. +Thread Bingo: + +\-Someone calls me a GG shill + +\-Something something pornhub + +\-"Who cares just DRS" + +\-A meltdowner messages me begging me to sell my shares + +\-"Bro I work in finance" but is actually a low level sales rep + +\-Doomer talking about how this is going to lead to the ruin of the entire earth + +*Edit: -“this is the way” -credit to* u/confusedcanadian19 +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 +Yes this article has been posted but reading further reveals that their bond sucks dog shit Yet msm makes it sound a lot better. + + +[https://www.bloomberg.com/news/articles/2022-08-15/citadel-securities-first-half-trading-revenue-hits-4-2-billion](https://www.bloomberg.com/news/articles/2022-08-15/citadel-securities-first-half-trading-revenue-hits-4-2-billion) +See original post: [https://www.reddit.com/r/dividends/comments/dxj7cg/just\_hit\_1000month\_in\_dividend\_income/](https://www.reddit.com/r/dividends/comments/dxj7cg/just_hit_1000month_in_dividend_income/) + +In September 2015, I made $58.65 in dividends. + +In September 2016, I made $208.26 + +In September 2017, I made $561.74 + +In September 2018, I made $1176.54 + +In September 2019, I made $1541.01 + +In September 2020, I expect to make about $1900 + +Total portfolio value as of right now: $613,741 + +Over the next year I expect total dividend earnings of $16,440/year, or: + +$1370/month, or + +$45.04/day, or + +$1.88/hour, or + +1 penny every 19.18 seconds! + +Portfolio yield: 2.68%, yield on cost: 3.62% + +I survived the virus crash, and I'm still saving over 50% of my salary. The crash wasn't great for my dividend stocks -- some big dividend payers took a dip, like CVS and T. My REITs got absolutely destroyed by the virus. I sold some of my weaker REITs for a loss, and put more money into stronger ones like O and STOR. Though, a lot of my capital losses in dividend stocks and REITs was made up by tech stock gains. Tech is about 25% of my current portfolio (low or no dividends). + +I'm still sticking with the dividend growth path. My next milestone is $1500/month in dividends earnings! How is your portfolio going? :) +Hello, + +Who has booked artists for private parties/events? + +My Mom is turning 60 in 2 years and she's been obsessed with Tim McGraw for 20 years. Would be cool to book him but A) I have no idea how much it would even cost and B) Where I even begin? + +Who has booked artists for private parties and how much would I even be looking at here? + +I looked it up online and it says he charges $1m however I know a really popular hip hop/rap artist who charges $250k but says online he charges $5m lol So that's definitely not accurate + +This will be funded by the family and I. +Newbie day trading and lost 10k today with the market going up on what seems to be a bear day. Cannot sleep and sad..how do you all know what indicators to watch to determine if the day is up or down? +It’s honestly starting to get really annoying. I almost only sell covered calls with a 90-95% chance to profit and so many have gone in the money I am genuinely feeling like theta gang is just a place for missed opportunity. I’ve definitely missed out on more potential gains selling covered calls and lost more closing PMCCs than I’ve ever made from premium by what is starting to become a staggering amount. +From an X and my fellow XX’s and XXX’s, thanks. + +And now for the automod: +Everybody wants a thrill / Payin' anything to roll the dice / Just one more time / Some will win, some will lose / Some were born to sing the blues / Oh, the movie never ends / It goes on and on, and on, and on / Strangers waiting / Up and down the boulevard / Their shadows searching in the night / Streetlights, people / Living just to find emotion / Hiding somewhere in the night / Don't stop believin' / Hold on to the feelin' / Streetlights, people / Don't stop believin' / Hold on / Streetlights, people / Don't stop believin' / Hold on to the feelin' +TLDR: GameStop is gearing up to launch their own NFT marketplace to disrupt the $150 billion gaming industry. At the same time, a series of coincidences are causing some investors to excitedly speculate about a Wu Tang Album NFT dividend -- any NFT dividend, even if not WuTang, would force short sellers to close their positions because short sellers are responsible for paying dividends on shares they are short on, but if they cannot deliver it because it's a unique NFT, they have no choice other than to close their positions. + +# Let's first explore what we know about GameStop launching their own NFT marketplace. + +Facts: + +1. Announced at EDCON 2021, Loopring, a layer-2 scaling protocol on Ethereum for decentralized exchanges, is working with an un-named "premium owner" to launch a NFT marketplace. "Some people ask me a question whether Loopring will launch our own marketplace. The answer is no. We don’t have a plan to launch our own NFT marketplace, **but we are working with a premium owner to make sure they can launch their marketplace successfully and very soon, probably in Q4 and with a lot of other stuff,"** said Daniel Wang, CEO of Loopring. Loopring is currently in Q4, and Q4 ends on Dec. 31. [Source here.](https://gmedd.com/blockchain/clues-point-towards-gamestop-launching-nft-marketplace-with-leading-crypto-technology-company-loopring/) +2. On Oct. 26, GameStop posts 8 new remote job listings looking for *Director of Product Marketing for NFT Platform*, a *Sr. Software Engineer for NFT platform*, and a *Product Owner - Head of Web3 Gaming*. The job descriptions talk about how "in this future, games are the places to go, and play is driven by the things you bring. Future creators won't just build games but also the components, characters, and equipment. Blockchains will power the commerce underneath." Web3, as defined by [GMEDD.com](https://GMEDD.com), is "Web3, in the context of Ethereum, refers to decentralized apps that run on the blockchain. These are apps that allow anyone to participate without monetizing their personal data." In other words, your personal data will not be harvested for big tech's profits like it currently is. You will own your data and you can sell it if you want. [Source here.](https://gmedd.com/blockchain/gamestop-explores-expansion-into-web3-nft-marketplace-and-blockchain-gaming-platform/) + +https://preview.redd.it/hm3kzr4jf5w71.png?width=2298&format=png&auto=webp&s=454032a62a561e4ba621d2c1656e2e647db7b079 + +3. On Oct. 27, Loopring developer W.Tang briefly published code on a public GitHub repository, and the code includes multiple references of GameStop, such as "gameStopMeta.properties.collectionGrouping" under the Github commit titled "NFT Feature." This leak, which you can speculate on if it was accidental or intentional, essentially confirms GameStop is the "premium owner" Loopring is working with. [Source here.](https://gmedd.com/blockchain/loopring-code-confirms-gamestop-nft-marketplace-is-underway/) + +4. GameStop's new Florida call center, which will hire 500 support employees, will be operational by the end of this year, and the subdomain [support.nft.gamestop.com](https://support.nft.gamestop.com) was created on Oct. 22, 2021. The timing of the domain and the opening of the large call center suggests they anticipate lots of user needing assistance with their new NFT offerings once it launches. [Source here.](https://gmedd.com/blockchain/clues-point-towards-gamestop-launching-nft-marketplace-with-leading-crypto-technology-company-loopring/) + +# Why the NFT marketplace matters: + +GameStop has not made a public press release regarding their NFT marketplace yet, but once the project launches, GameStop will essentially be ushering in a new age of gaming, where cutting edge blockchain technology returns the power back to the players, the creators, and the collectors. GameStop, with a current $13.27B marketcap, could be argued as severely undervalued because they are bringing this technology to the masses, and will continue innovating and disrupting the growing gaming industry. + +Power to the players. Power to the creators. Power to the collectors. This is the slogan of GameStop's [nft.gamestop.com](https://nft.gamestop.com) website / stealth department, which was discovered back in May 2021. + +# Now, for fun, put on your tin-foil hat and let's explore the exciting theory on why GameStop could be preparing to give a dividend to direct-registered stock holders in the form of fractional NFT ownership of the legendary Wu Tang Clan album 'Once Upon A Time In Shaolin' + +Speculation: + +This theory first gained a lot of attention during the weekend of Oct. 23-24, but the original theory was posted by u/silver7una on Oct, 16. In his theory, u/silver7una gives the context on how a mysterious entity has purchased the legendary album "Once Upon A Time In Shaolin" in July from the Federal government, after the feds had seized the album from Martin Shkreli due to securities fraud. There is only one physical copy of this album, and it cannot be commercialized until the year 2103. A week later, we'd find out who the mysterious entity is and that the mysterious entity that purchased this album also made it into a NFT at the same time. + +But going back to the original theory, the broker who facilitated the sale between the mysterious entity and the federal government was Peter Scoolidge, who said in July, that the buyer would "identify themselves in the future, I'd say in **the next 30-60 days.**" + +u/silver7una noticed that exactly 30 after the sale date of the album, Ryan Cohen tweeted, "Time for Pillow fights and 60s music" followed by a musical notes emoji. + +&#x200B; + +[Could these be song lyrics from the Wu Tang's one of a kind-album?](https://preview.redd.it/o25zupyw65w71.png?width=1007&format=png&auto=webp&s=39f46d1c51912bd061be0cb6676ae05918515303) + +Then, exactly 30 days after that tweet, or 60 days after the sale of the album, Ryan Cohen tweeted, "Talk is cheap, it takes money to buy whiskey." + +&#x200B; + +[Could these be song lyrics from the Wu Tang's one of a kind-album?](https://preview.redd.it/mx312vfk75w71.png?width=1002&format=png&auto=webp&s=e8759c4039dce2b572b8a3b6a66d384058beaae5) + +&#x200B; + +At this point, u/silver7una speculated GameStop purchased the album and that's why Ryan Cohen could be tweeting lyrics from the album that only a select few have heard. + +This trend and theory [led apes to predict](https://www.reddit.com/r/Superstonk/comments/qglxq5/just_like_ucriand_and_i_predicted_30_60_and_then/) that Ryan Cohen would tweet on Oct. 26, exactly 90 days after the sale of the album. Lo and behold, Ryan Cohen tweeted a painting of "David vs. Goliath," and a reverse image search reveals the painting is from a Medium blog called Beating Big Tech which has the following mission: "Creating an action plan for Digital Freedom, to take back our data, protect our children, our privacy, our freedom, and our way of life." + +&#x200B; + +https://preview.redd.it/o9s1nv1r85w71.png?width=1080&format=png&auto=webp&s=0fd456a614c4fbb9d9ac21168dbff3f9a95fd67c + +In attempt to understand what the 30 - 60 - 90 day tweets mean, u/rimigo42 noticed that 10 days after the latest tweet will result in the pillow fights tweet being 70 days old, the whiskey tweet being 40 days old, and the sumo wrestling tweet being 10 days old. On this subreddit, there is a tangent tin-foil theory regarding the significance of the numbers 741, which first gained significance after we noticed Ryan Cohen tweeted at exactly 7:41pm twice. Note: thanks to [u/SimpsonsReferencer](https://www.reddit.com/user/SimpsonsReferencer/), we also now know that the section of the bible where "David Beats Goliath" is Samuel 1(**7:41**). + +[credit to u\/rimigo42](https://preview.redd.it/ym8hko2la5w71.png?width=960&format=png&auto=webp&s=7d63228c3f89039f0954776b705bbae579f4a887) + +Anyways, 10 days from now is Nov. 5th, and on Nov. 5th one year ago, the legendary Roaring Kitty / DeepFuckingValue made 3 tweets regarding the GME squeeze, so u/New-Consideration420 is speculating [in this post](https://www.reddit.com/r/Superstonk/comments/qh94ud/remember_remember_the_5th_of_hold_up_what/) there will be an announcement regarding the NFT marketplace on Nov. 5th, because why not? Roaring Kitty could be a time traveler for all we know. + +&#x200B; + +[Is Roaring Kitty a cat, or a time traveler? ](https://preview.redd.it/l5zqrvepa5w71.png?width=1440&format=png&auto=webp&s=53d0bb12595be970567bb712866be54f9223586b) + +&#x200B; + +# If you're still following the Wu-Tang theory, it's about to get EVEN MORE interesting now. + +On October 20, it was revealed that a Decentralized Autonomous Organization (DAO) named PleasrDAO purchased the album. They were able to purchase it with the help of Cream Finance (in this case, cream stands for Crypto Rules Everything Around Me, a reference to the original song C.R.E.A.M. , Cash Rules Everything Around Me, by Wu Tang Clan.) + +Cream Finance retweeted on Oct. 20 an older tweet from July 16: "In partnership with PleaseDAO, we're pleased to announce that the first DAO-to-DAO loan using Iron Bank. A $3.5m loan has been provided and is backed by a basket of historical foundation NFTs." + +https://preview.redd.it/9ne0o8ojb5w71.png?width=1206&format=png&auto=webp&s=6f0987c634efb2f49994b9437511f67a435c3504 + +Notice how Cream Finance chooses the ice cream cone emoji as their twitter handle. Then, notice how PleasrDAO, which partnered with Cream Finance, has the frog emoji along with the ice cream cone on their twitter banner. + +https://preview.redd.it/ap9jqqogc5w71.png?width=1086&format=png&auto=webp&s=5aa32e7435392f49eec584bfe427f989a6ca677d + +Cohencidentally, Ryan Cohen also tweeted a frog emoji along with a picture of a McDonald's ice cream cone on Feb. 24, the day when GME's stock price rose from the dead in After Hours trading and reached a high of around $180 in AH. Thanks to interviews with PleasrDAO and various congratulatory tweets for PleasrDAO, we know that the purchase of the deal took MONTHS, with the Chief Pleasr Officer, Jamis, spending over 6 months on it alone, so if Ryan Cohen is part of PleasrDAO then he would know about this deal even in February. + +&#x200B; + +https://preview.redd.it/8w3z33isc5w71.png?width=1086&format=png&auto=webp&s=743682133933c3983501a519e811c18a5e2501cb + +Now, for perhaps the craziest part: Out of the 74 members of PleasrDAO, one member is anonymous. This member appears in a photo PleasrDAO took when they bought the album, but the member is wearing a hood covering their face: + +&#x200B; + +[I can't find at the moment who made this photo edit on superstonk, if you find it let me know so I can give credit to them.](https://preview.redd.it/ujgjg6z3d5w71.png?width=1395&format=png&auto=webp&s=fc3a628502ebd3be9addfeb22910d0ad913877ae) + +Reddit users then noticed that the hoodie is distinctive and looks extremely similar to the Hoodie Ryan Cohen wore in a previous tweet. So perhaps Ryan Cohen really is a member of PleasrDAO? + +**So now there is a possible direct connection among PleasrDAO, Ryan Cohen, and GameStop.** + +PleasrDAO in an interview with the NYTimes expressed interest in coming up with creative ways to share this album with more people while still honoring Wu Tang Clan's original wishes. Could they be thinking of sharing it through a dividend? + +People with an extremely sharp eye also noticed that Ryan Cohen's tweet on Oct. 10 had a strange reflection / glare on Ryan Cohen's shorts and on the GameStop store sign, which means the photo was taken through glass. Why would they take the photo through a glass? Notice the way Ryan Cohen is posing, very seriously unlike other tweets, with a diamond goatee, with the 7 video games, 4 controllers, and 1 console in the background. People speculate this looks like an album cover art that is inside a plastic album container. The extremely subtle detail of the photo being taken through glass to give that album cover aesthetic convinces me that this could be a clue. Note: some smart apes are pointing out that the reflection on RC's shorts could just be an inverse reflection of the store lights in the back. This allegedly happens as it’s a quirk of phone cameras when they’re pointed at a certain angle towards bright lights. + +&#x200B; + +https://preview.redd.it/h147pbjzd5w71.png?width=1092&format=png&auto=webp&s=500af7d875cb7c9a1c14e55ef233c96c11884ab7 + +&#x200B; + +[meme created by u\/mozerfuckerJones ](https://preview.redd.it/6qyp0odre5w71.png?width=1870&format=png&auto=webp&s=035aa775a0e1d2e13467e2c7ca34cecc956e9c57) + +Then, do you remember the name of the Loopring developer who leaked code on Github? It was W. Tang -- WU TANG! I personally don't think the leak is accidental given how secretive the CEO of Loopring was trying to be, so I think it could be possible they chose a developer with a first name initial of W and last name of Tang to leak this and cause some buzz before the actual announcement. + +Finally, remember the [nft.gamestop.com](https://nft.gamestop.com) website from May? pplpleasr, one of the NFT-artists of PleasrDAO, did a recent Bloomberg video interview, and at minute 2 of the video, the GameStop NFT website shows up on the screen for many seconds, even though they weren't talking about GameStop at all! How could this be accidental? [Youtube link](https://www.youtube.com/watch?v=yQA5iBOfwog) + +&#x200B; + +https://preview.redd.it/utasjeoeq5w71.png?width=1486&format=png&auto=webp&s=ee20e84a40c667a30d5d01826b42566ce6a5f22f + +This artist pplpleasr also created a beautifully animated Apes Together Strong NFT: to me, this suggests they are aware of the GameStop situation. + +&#x200B; + +[Apes Together Strong](https://preview.redd.it/5ya02xeoq5w71.png?width=2254&format=png&auto=webp&s=94245b030cf7090f6c403e043f910519265b9d61) + +Also, Ryan Kagy, the NFT community lead and education manager at GameStop, tweeted the ice cream and frog emoji along with a Youtube link to C.R.E.A.M by Wu Tang Clan, but he later tweeted he was just flirting and would love for this theory to be true but he only knows as much as we do. + +&#x200B; + +https://preview.redd.it/tlowgdw0u5w71.png?width=1088&format=png&auto=webp&s=d771e5ca6c19106fae31ba678e1e45a93a0881dc + +# Why this tin-foil theory matters: + +First of all, it's ridiculously fun. Secondly, although the Wu Tang NFT album dividend is not necessary for the mother of all short squeezes, on the chance that GameStop does give fractionalized ownership of the album as a dividend, **only direct registered stock holders are 100% guaranteed to receive it.** This is because there are likely hundreds of millions of synthetic shares out there, and ComputerShare, the official transfer agent of GameStop, would be responsible for handing it out, so only direct registered holders would guarantee to receive it. Direct Registering Stock (DRS) means actually owning the shares in YOUR name, not the broker's or bank's or Cede & Co's (DTC) name. + +On ComputerShare's FAQ, it says "A dividend would only be paid in NFT form if the issuer decided that this is the format they would like to user." + +https://preview.redd.it/j2ou35rpg5w71.png?width=2384&format=png&auto=webp&s=f5858b84b44951e03d53ab934fbae0047fcc51b1 + +Legal precedent has already been set with another company called Overstock winning their court case regarding their decision to issue tokens as a dividend to force their shorts to close their positions. Overstock used ComputerShare to issue the tokens which caused shorts to close their positions because shorts couldn't deliver the tokens to the stockholders. And now ComputerShare is saying a NFT dividend is possible if the issuer wanted to do that. + +Thus, even if GameStop doesn't make the Wu Tang album the NFT dividend, they could still give a different NFT dividend, which should be a strong incentive for people who are considering direct registering their shares to do it, because personally I'd love to own any NFT GME decides to issue, and GME is the most likely company to even issue a NFT dividend. In the US, to direct register your shares you just have to call your broker and let them know you want to direct register them to Computershare. Fidelity is the fastest broker who can DRS your shares. + +Also, **whenever there is a dividend for a stock, anyone who is short that stock is responsible for paying that dividend.** Cash is fungible, meaning if the dividend is cash, short sellers can simply pay it up. But because NFT's are unique and limited, short sellers can't get their hands on it to deliver it. So the only option is to close their positions. + +If they don't make the Wu Tang album a NFT dividend, some people are speculating they could just offer the Wu Tang Album NFT on their NFT marketplace, to entice new users onto the platform. It would be great marketing! + +DRS is the way, let me know if you think I should add anything to this post. + +Note: this type of post is probably not the best post to share with friends who are completely un-initiated / unfamiliar about the GameStop situation. But another summary here could be a better introduction because it has way less speculation: [https://www.reddit.com/r/Superstonk/comments/qb1p4d/connecting\_the\_dots\_of\_10\_months\_of\_acquired/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qb1p4d/connecting_the_dots_of_10_months_of_acquired/?utm_source=share&utm_medium=web2x&context=3) +Mental illness is among the most costly medical expenses in the U.S., and it has a high cost to employers in lost productivity. In 2019, 51.5 million adults were living with a mental illness in the U.S., and the number of people suffering and drug costs, already in the tens of billions of dollars annually, are projected to grow in the years ahead, with Covid-19 compounding mental health issues globally. + +&#x200B; + +Drugs long stigmatized, such as psilocybin and MDMA, are rising in profile as mental illness treatment options. Just last week, results from a phase 3 trial of MDMA combined with talk therapy for post-traumatic stress disorder showed results that were impressive. + +“This is a pivotal event,” said Elemer Piros, a biotech analyst at Roth Capital Partners who covers the emerging alternative mental health treatment space. “It may not seem humongous, but it is one of the best and most rigorously executed trials in the space. And the results corroborate what we have seen time and time again from smaller studies over the past two decades,” he said, referencing remission rates double that of a placebo. “The magical experiences kept showing up, but no one had the courage to take it through to regulators.” + +[https://www.cnbc.com/2021/05/10/psychedelic-drug-boom-in-mental-health-treatment-nears-reality-.html?\_\_source=iosappshare%7Ccom.apple.UIKit.activity.Message](https://www.cnbc.com/2021/05/10/psychedelic-drug-boom-in-mental-health-treatment-nears-reality-.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message) +I strongly believe that the last single stock ETF is the last straw that confirms SEC is complicit. Tools that they allow now are against the law. If my smooth brain is putting this together right, Martha Stewart wouldn't have gone to jail if she traded that stock in these new single stock ETFs. They are facilitating a work around the LAW. + + +Self regulation in any industry is, by definition, a conflict of interest in itself. We have to stop this bullshit. +Obviously DOGE maxis will downvote/hate on this. But it’s refreshing to see its now the projects with utility and fundamentals doing well. Also nice to see Elon’s influence appears to finally have warn off. I believe this is the age of utility now and the meme craze is on its way out. Bitcoin will always have a place as store of value - it is after all the OG +Hello UKPF, so after a hard graft in my current job I decided it was time to leave, I got approached on LinkedIn about a job not knowing the salary but the job sounded interesting so I went for it. 7 Interviews, aptitude tests and presentation later I got offered the job with a starting salary of £75k. + +I'm only 25 so this is a life changing amount of money for me, especially coming from the armed forces where the salary isn't anything to shout about. + +I've been semi active on this sub for a few years now and following the flow chart but are there any specific tips for those n the higher rate tax band? The only one I've come across is claiming back tax on deposits into my SIPP. + +I have: + +S&S ISA + +LISA + +SIPP + +&#x200B; + +If you have any advice on maximising my take-home/reducing my tax burden that would be greatly appreciated. Thanks guys. +I’m new to day trading and really want to turn this into a career because of its flexibility and ability to do it from anywhere in the world. Can anyone point me in the direction of reputable teachers or classes I can take in order to learn proven day trading skills? +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! + +So to keep this story shortish and, hopefully, interesting lets get right into it. + +My wife found a lovely 5 bedroom house at a grand price. New build, easily within our mortgage budget but we were about 4-5 months away from having the equity in our home to pay down just the deposit. + +In comes the home builder - don't worry, we'll cover 2k legal fees, part exchange the house, and put 10k towards either the deposit or mortgage price for you, etc. Easy. + +I worked it all out that left us a cool 7k to play with even after stamp duty. Assuming our current house valued the same as it did 5 years ago. + +Well tonight well past office closing hours we get a call. Theres been a mistake, the 10k we quoted twice and signed on today is actually 5k. Now the agent I dealt with was lovely but that didn't change the fact I now had only a guaranteed 2k play money to furnish/floor a 5 bedroom house and turn the crater they call a back garden into something good - not realistic. I could gamble on getting a higher sale value on our current house but that's exactly that, a gamble. + +But here I am wondering If by calling it off and leaving them to stew have I reacted too rashly. In the grand scheme of things. Could I have made it work? Yes, but I didnt like the idea of it. + +I do like the idea of my mortgage only being 100 quid more a month for a drive, garage, 2 more bedrooms, an ensuite and even a utility room. If that was the only thing in the equation it would be an easy deal. + +But its not and I feel like a psycho squabbling over 5k. I like to pretend im good with money but I am not always, and I feel like 2k just isnt enough to keep us comfortable in case something else comes up. Might even have required hitting negative numbers just to get the house to a liveable standard. + +And now I am ranting, time to stop. +https://www.thetimes.co.uk/article/top-up-pension-pot-later-in-life-urge-economists-mjpnnlj3w + +Households should be encouraged by the government to put more money into their pension pots later in life once children have flown the nest, a think tank has recommended. + +The Institute for Fiscal Studies said that people should be nudged into increasing their retirement contributions as they age. + +It recommended that the government considers overhauling the system of automatic enrolment into workplace pensions to take ageing into account, so that retirement contributions increase as workers get older. The system could also be revamped so that pay rises trigger bigger pension contributions. + +Other policies suggested by the institute included nudging people into saving more into pensions once mortgages and student loans had been paid off and when children had left home. + +The think tank’s findings mark a departure from much of the advice that is typically given on pensions. The focus in the past has been to encourage the public to start contributing to a retirement scheme as early as possible, so their pots can enjoy the biggest boost from the effect of compound interest. This is when the interest on savings is reinvested and accumulates over time. + +The emphasis on saving early has been driven by concerns that the UK will be hit by a pensions time bomb in the future caused by the ageing population, which will leave people facing a shortfall in their pots at retirement. Yet the think tank said that there were benefits to focusing on saving later in life. + +Workers’ earnings typically rise with age and experience, leaving people with more spare income to put into a retirement pot in the latter stages of their careers. At the same time, household costs tend to fall as debts are cleared and children no longer require support. + +The institute suggested that a typical graduate with two children should aim to make about two thirds of their retirement scheme contributions after the age of 45. This would involve making 5 per cent contributions before children leave home, and afterwards increasing them to between 15 per cent and 25 per cent, according to the think tank, whose work has been funded by the Nuffield Foundation. + +Rowena Crawford, an associate director at the institute, said: “There are good reasons why individuals should not want to save a constant share of their earnings for retirement over their working life. This does not make automatic enrolment, with its default minimum contribution rate, a bad policy. + +“But as policymakers consider how to increase retirement saving further, focus should be on policies that increase retirement saving at the best time in people’s lives rather than just increasing saving irrespective of their circumstances. Default minimum employee contributions to workplace pensions that rise with age are an obvious option. A joined-up approach could also involve employee contributions rising when an individual’s student loan repayments come to an end.” + +A spokesman for the Department for Work and Pensions said: “Automatic enrolment has been an extraordinary success, with over ten million workers enrolled into a workplace pension to date and an additional £22.7 billion per year being saved compared with 2012 among eligible employees. + +“The government’s ambition for automatic enrolment will enable people to save more and start saving earlier by abolishing the lower earnings limit for contributions and reducing the age for being automatically enrolled to 18 in the mid-2020s.” +Hi, + +I'm wondering how to best store my emergency fund of £7k and I'm interested to hear people's opinions of using NS&I premium bonds over bank accounts. Is it both practical and worth it? + +I've been keeping my emergency fund split between two virgin current accounts and a Halifax reward account to maximise rates and rewards which together give me an equivalent of 1.42% interest (or £99.36 per year). + +If it makes any difference, I will soon have £3-4k spare and could purchase more bonds if that skews the math (I wouldn't mind purchasing some bonds as means of diversification as the only other investments I have is an ISA with money in a few well-regarded ETFs). + +Many thanks for your thoughts! + +EDIT: + +Shame for people downvoting and thank you so much for everyone who contributed. + +For those in the same boat, it looks like premium bonds take longer to access than regular accounts and I've also found this: [https://www.moneysavingexpert.com/savings/premium-bonds-calculator](https://www.moneysavingexpert.com/savings/premium-bonds-calculator/#result) which told me that with a fund of £7k, on average, I'm not likely to expect better returns than my current setup (personally I'd rather take a guaranteed £100 a year than a gamble). +It doesn't have to be undervalued right now per se. It could be undervalued later on, and it's good to know when we can have a wonderful company at a fair price if there are price dips. +Greetings Apes, trust you're all having a great weekend. It was quite a week, eh? + +I'm a pure smooth brain, riding off the back of others fantastic and educational DD so this post isn't technical stuff, no deep dive DD, just me sharing my thoughts on Sunday. + +I was thinking about everything that has happened over the last week with the other ticker, RC getting slammed in the MSM, u/einfachman apologising for getting the read wrong on RC options play (no need, bro, we doing our own thing, appreciate your solid DD), various theories around RC pulling out of the other ticker, basket stocks getting pulled alongside the crazy swings in the other ticker yada yada yada and I always come back to the same thought. If they could end it, it would already be done because you can be sure as I'm sat here in my pants chewing a blue crayon that 'they' do not want this to drag on and wish to god it would just disappear. + +I'm old enough to have been in a couple of situations in the past where I've been stuck between a rock and a hard place. Making a decision when your back is against the wall is tough, really tough, especially when the 2 outcomes are not in your favour. This is, I believe, exactly where the SHFs are now at. + +They have 2 options available to them: + +1. They let GME run and try to manage the amount of financial damage they could absorb. I believe what we have seen this last week *could* be a dry-run and a deliberate 'message' sent out to retail that *"you risk becoming a bag-holder if you FOMO in because look how quickly* *~~we can pull~~* *it can crash down".* +2. They just stick with the status-quo and keep shorting, hiding positions etc., except that cycle eventually ends due to DRS and holding and this takes them back to option 1. + +I believe they are in a holding pattern, really unable to comprehend and counter the situation they are now in. It's well said that GME shareholders are creating a unique situation, with a mindset never before encountered by Wall St, and 'they' simply do not have an answer on how this ends favourably, or at the very least with minimum damage, for them. Spoiler....... >!it doesn't!< + +So, as per the title to my Sunday musing post, if they could end it, it would already be over. The simple fact is, it is not over, GME is still in the news, still generating interest, still adding new shareholders and still with many more catalysts to come. + +We are in for an interesting few weeks, that's for sure. + +Enjoy the rest of the weekend and thanks for attending my rambling. + +EDIT: Kind of blown away by the response this post has had. Thanks for the awards and updoots, Apes. I'm humbled. +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. +Good evening Apes, + +In honor of Reverse Repos breaking the $2 trillion barrier, ~~and my wife's boyfriend going on vacation~~, I think it's time we all make the conscious effort to understand the **RRP** Market a little better. Let's go through a couple basic definitions: + +**RRP** \- Reverse Repurchase Agreement - The NY Fed's Trading Desk sells treasury securities to an **eligible counterparty** with an agreement to buy it back at a specified price (Currently offering 0.8%) at a specified time (usually very short-term like overnight.) + +Who are these **Eligible Counterparties**? - First you've got 25 [Primary Dealers](https://www.newyorkfed.org/markets/primarydealers#primary-dealers) (BofA Securities, Citigroup, Credit Suisse etc.). Then you've got [RRP Counterparties](https://www.newyorkfed.org/markets/rrp_counterparties) (Original I know.) This list includes 15 Banks, 15 Government Sponsored Entities, and 104 Money Market Funds. In total 159 eligible counterparties. + +Each of these counterparties are able to request to receive up to $160 billion. + +Now I know what you're thinking, $160 billion x 159 counterparties = $25.44 Trillion + +This would be the theoretical max. However, it's also limited by the amount of treasury securities in the **SOMA**. + +**SOMA** \- System Open Market Account - This is the NY Fed's Trading Desk's account for conduction open market operations under the direction of the FOMC (Federal Open Market Committee.) + +So how much is in the **SOMA** account Dan? Well as of [May 18, 2022](https://www.newyorkfed.org/markets/soma-holdings) there's **$5.682 Trillion**. + +Now that we've covered the basics...What's really going on here? + +The process of RRP is the Fed's way of pushing reserve assets (collateral) into the system. + +Why do we need reserve assets in the system? + +In the fallout of the 2008 financial crisis the Basel III Accord was formed which instituted an international [minimum capital requirement](https://www.investopedia.com/ask/answers/062515/what-minimum-capital-adequacy-ratio-must-be-attained-under-basel-iii.asp#:~:text=Under%20Basel%20III%2C%20the%20minimum,to%20its%20risk%2Dweighted%20assets) for banks. Banks must maintain 8% capital in relation to its risk-weighted assets. This capital can be in the form of cash or treasury securities. I think you see where I'm going with this. + +~~The RRP market helps these counterparties meet their capital adequacy requirements.~~ Some wrinkly apes have pointed out it may not be for this purpose. + +Here's where things get weird: + +When the counterparties receive their treasury securities from the NY fed, they are immediately added to their balance sheet. + +Makes sense. And so they leave the NY Fed's balance sheet until they get it back right? Nope. + +Because it's a short-term agreement to be repurchased it NEVER LEAVES THE FEDS BALANCE SHEET. + +It's kind of like double counting the money in the system ~~and then using that double money to meet your reserve requirements~~ to keep everyone safe. + +Let's look into the rapid rate of increase in these RRPs + +[This Chart was a snapshot taken Aug 2, 2021](https://preview.redd.it/mofhg94wzi191.png?width=1690&format=png&auto=webp&s=fa94db5c5304bb4150400ea24eec1e11273c76bb) + +Prior to 2014 these transactions were miniscule. Now let's add in the last 9 months. + +[Snapshot taken May 24, 2022](https://preview.redd.it/c2d1c91yzi191.png?width=2336&format=png&auto=webp&s=1e8ff75836a13a9ef60c963637b0007c7d338c9f) + +Feel free to play around with the graph [here](https://fred.stlouisfed.org/series/RRPONTSYD). + +Am I getting through here? Pumping money into the system ~~to fudge reserve requirements~~, counting it twice on the books and it increasing at a historically unprecedented rate. Yet, no one outside of this community seems to notice or care. + +I want to open this up for discussion here and I'll be making edits to the post. If you made it this far, you're now a wrinkly ape when it comes to RRPs! Tell a friend about it. It's the best way to educate the public and help you better understand. u/danbren out. + +Edit: Sorry to the early gang. Had to make a correction to the title. RRPs hitting 2 million isn't much of a headline. + +Edit 2: Can an ape with more wrinkles than me clarify whether Treasury Bills, Treasury Notes/Bonds, Treasury Floating Rate Notes, and Treasury Inflation-Protected Securities in the SOMA account should all be counted toward "treasury securities available for use in RRP operations." I had included them all in my calculation. + +Edit 3: Appreciate the overwhelming support. I love seeing so much conversation and discussion around the topic. Thanks to everyone who provided insightful edits and corrections. + +Edit 4: Wow, certainly was not expecting this large of a response. Would love to address a few comments. When I initially made the post I came here to talk about the basics of RRP derived from the NY Fed and St Louis Fed's websites as well as its limitations. In doing my research, I drew my own connection to this having to do with reserve requirements. A couple wrinkly apes have pointed out that while this is logical, it is not the case. I've edited the post above to reflect this but ultimately I want the takeaway to be a better understanding of RRP for everyone. I've hyperlinked my sources throughout the article and am happy to correct the post further if any more inaccuracies are found +I’m very new to real estate investing and need some advice. I purchased a condo a few years back (owner occupied), I have moved out and converted the condo to a rental last year. The value of the condo has appreciated ~25K. + +1. If I set-up an LLC for the rental property, are there any tax implications on the amount that has appreciated? + +2. The mortgage on the rental is from Wells Fargo. Does anyone have experience dealing with them in terms of transferring mortgage to an LLC? If so, was it a painful/painless process? + +3. How would this affect my rental insurance rate? + +4. While it seems pretty easy to setup an LLC myself, would you recommend working with a lawyer for this process? Any specific recommendations on lawyers to use? + +Thank you! +Well you’re all witnessing it again…. +So? How does It feel? +It’s that type of event that you don’t know you’re in the middle of something earth shattering unless you are very intuned, like we are in Superstonk. +We are literally witnessing the collapse of the world stock markets. + +Edit: to those saying “this isn’t the market crash….” +Open SPY and go look at 2008. The fall started in Dec 2007. By this time in 2008 it was down the same way SPY is down now. Remember. NOTHING was mentioned until ending of Sept by MSM. So this is the crash, but we’re in the “dumb kid dropped his phone and is trying to find it between his feet while driving down the highway” stage….it may not be the impact but the stage is set. +Hi, + +A good chunk of my portfolio (80%) consists of ARKK, ARKG, and ARKF. Now I’m definitely not going to sell that because that would be really ridiculous to lose money on something that will come back. + +So my question is, now that they are down, should I slowly invest in them more to bring my average down, or should I invest in a different ETF? I’ve got about $1k of cash left that I can invest so any advice is appreciated. +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! + +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! + +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 +While we will never know what exact data this man has access to, Mark has been quiet basically since February when he cheered most retail investors on. He is speaking up right now for a reason. The MOASS is starting and the kitchen is about to get really hot really soon.. if you can’t handle it SHF’s I suggest you get out and duck and cover immediately. +Norway Pension Fund (erstwhile Norway Oil Fund) is the largest sovereign wealth fund in terms of assets. It's a fund for people of Norway and their next generations, managed by Norway's Central Bank (Norges Bank). + +[The official site for this fund is surprisingly easy to follow and heavy on details, and it'd be great if every Indian AMC has a website like this with all relevant information about their flagship funds](https://www.nbim.no/). + +Norway have had political stability since the late 1920s (same labor party in power for years), and by 1960s, they were a country mostly dependent on fishing based economic activities. + +Then, eventually they found oil in the North Sea. What's interesting here is what the Norway Govt. did after that. They issued licenses rarely, kept ~50% stake in oil companies getting these licenses, taxed oil profits heavily and so on. Eventually, they formed STATOIL, a state-owned company to take over all oil production in North Sea. + +In 1996, Norway Oil fund was established, to invest all oil profits of Norway Govt. for the future of Norway. Idea was that Petrol is a limited commodity, and when it runs out, Norwegians wouldn't want to go back to the days of living on fishing income. + +[This link has detailed history on how the fund has changed and grown over last 23 years](https://www.nbim.no/en/the-fund/the-history/). + +I'll mention major areas to focus on: + +- This fund, by act of Norway parliament, cannot invest in any company based out of Norway. + + This delinks fund's performance from that of the economy of Norway. + +- At present, this fund invests 60%-65% of its holdings in global equity (almost 8,000 companies in its portfolio), 30%-35% in fixed income assets (sovereign bonds of other countries, corporate papers etc.), 5% in real estate and ReIT derivatives (properties all over Europe and some in US). + +- During 2008 crisis, this fund was down by 23%. + + Compared to the global investment scenario at that time, this is some seriously good downside capture! For instance, HDFC Hybrid was down around 40% that year. + +- This fund expects 4% or higher returns. + + What has helped this fund grow this big, isn't high returns. Rather, lack of much volatility and simply doing basics right. Investing diligently, all its oil profits, over last 23 years with a dead simple asset allocation has helped it a lot. + +- What's interesting about this fund, isn't where it invests its money. It's where it doesn't. + + [Nbim maintains a list of companie](https://www.nbim.no/en/the-fund/responsible-investment/exclusion-of-companies/)s they avoid investing (part of equity portfolio of this fund) in, based on corporate governance, worker rights protection, treatment of minority shareholders, commitment to CSR and green initiatives etc. + + In Indian parlance, it's like saying, _don't need to find next HDFC bank, just have to avoid the next Yes Bank_. + +--- + +It'd be interesting to see how this fund performs in next 20-30 years. Norway has population of about 5.3M, and fund being at $1T asset, that makes it 188k USD in assets per capita. In their domestic currency, everyone's already a Millionaire. + +There are lot to be learned from how this fund has grown over the years, even if you're a retail investor: + +- Buy right, sit tight. Don't chase high returns. Get asset allocation easy to understand and manage, and give it 2-3 decades. You can reach great heights even with ok returns. + +- No need to introduce complexity or get too diversified early on. + + In 1996, this fund started only with a fixed-income asset portfolio, then gradually moved it to 40% US & European equity in its portfolio in next 4-5 years. + + It took another 7-8 years to get to diversifying across emerging markets, and boost equity to 60%-65% of its portfolio. + + It wasn't until 2011, that this fund had moved to real estate diversification. + + As a retail investor, you can do this too. Start with a simple saving attitude, using a liquid or UST fund. Gradually build up your corpus, and then once you've a cushion, you can start with equity. Then over the years, boost up your equity allocation. + + You'd not see huge losses upfront, in first few years. And when you start seeing losses, you'd already have a sizeable Debt-heavy corpus in place. +Corporate tax slashed for domestic companies and new domestic manufacturing companies https://economictimes.indiatimes.com/news/economy/policy/corporate-tax-slashed-for-domestic-companies-and-new-domestic-manufacturing-companies/articleshow/71213356.cms +Hi fellow Redditors, just wanted to share this little gem with you real quick. + +I live in a country where we’ve just had 4 bank holidays. Normally, the salary should be paid every end of the month, meaning March’s salary should have been paid in March. +Apparently there was an error with our company’s bank and the salary still hasn’t been paid out yet. +Almost all of my colleagues are freaking out how they’re supposed to pay their bills now and how their balances are now negative and everyone is super angry. + +Meanwhile I’m sitting here with enough money saved from my last salaries that I’m super chill and would survive at least 3 more months without payment. + +Not having to worry on how to cover basic expanses can be really good for your mental health. + +I should mention that I’m not talking about a minimum-wage job but we’re all earning quite a nice salary and besaid colleagues really just like to spend too much. + +So thank you personal finance for teaching me the importance of a rainy day fund, I’m now trying to grow it more until I have 1 year’s expenses covered :) +Hi everyone, + +Bought my first but the crappiest 5plex in an “okay” neighborhood for $350k cash (surrounding comps are 500-700k). + +The 5plex has a gross monthly rents of $3.2k + +These tenants are super low income families and do not have a bank account nor checks. + +I don’t want to collect cash and the building does not have a business license from the previous owner. + +I can’t open a bank account for them to deposit rent because the building is in terrible condition there’s no easy way to make it better without kicking them out. + +Is there a better way to collect rents from these tenants? + +I don’t want to kick them all and renovate since I just closed the deal and the tenants will most likely be homeless. + +My ideal plan is somehow collect rent for a year before the property gets rehabbed refinanced. + +However, if worse comes to worst then I’ll have to end the inherited leases and put like 20-30 people into a pretty bad situation. + +Side note to everyone. Thanks for the help. I’ve been lurking for years and I can say that the advice and help from the community helped me immensely on my journey. +Before people run off and start messing with options there is a reason people are cautious on the subject. Option premiums on GME are insane compared to last year before the run up. I myself made a lot of money but also lost a lot of money on options. Options that aren't exercised are doing absolutely nothing except giving money away from the premiums. If you understand them and have the funds sure go for it. Also leaps are the way, if you buy weeklies you're literally throwing money into the basket. For the majority of people buy hold and drs is enough. Good luck to everyone else. +Majority of people invest in those 500 stocks (as they don't understand investing) meaning they don't consider the intrinsic value of the stocks. It's the no. 1 investing advice "Buy S&P 500 if you don't know what to invest in". + +So they pour money into them each month without any fundamental analysis thinking it's the safest investment. I would assume this would cause them to be overpriced eventually, because despite them being the best stocks on the market the demand for them is just getting too big? +I was reading [here](https://www.ft.com/content/778e65e1-6ec5-4fd7-98d5-9d701eb29567) that the UK is expecting inflation to hit nearly 19% next year. Being from the UK but living abroad I noticed that the exchange rate between the UK and Sweden has in the past year, started to lean int he favour of the UK, all while Sweden is having much less inflation impact. + +Should I expect the exchange rate to be impacted by inflation or are they completely separated? +Hey guys. Need some help. So I work for water utility. I’m an water operator. My current base salary is about $81,000 with the amount of OT I get pushed it into $93,000-95,000. I recently applied for for an engineering position and I got the job. Thing is they offered $86,000 after I countered there first offer of $84,000. Positive of position switch would be hybrid schedule be able to take my son to and from school. Out of the elements. Negatives would just be the OT I’m leaving behind and extra money. Let me know what you think. Thanks + +Just wanted to update everyone. Not sure if you all will see this. But I countered with $88,000 and they accepted my offer and will be joining the department. Thank you guys!! +[BOOM](http://www.cnbc.com/2018/06/06/shorts-against-teslas-stock-lose-more-than-1-billion.html) + +How come this wasn't posted with all the other Tesla news here we get every day? How much did y'all lose? + +> Tesla bears have lost nearly $5 billion in mark-to-market losses since 2016, S3's head of predictive analytics Ihor Dusaniwsky told CNBC. + +Ouch. + +Ok so were they? I asked about this report done by CEPR and I was told the authors are unreliable and this study is bad work.[https://www.reddit.com/r/neoliberal/comments/n0ysy8/discussion\_thread/gwd3rya?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/neoliberal/comments/n0ysy8/discussion_thread/gwd3rya?utm_source=share&utm_medium=web2x&context=3) +We find that the sanctions have inflicted, and increasingly inflict, very serious harm to human life and health, including an estimated more than **40,000 deaths from 2017 to 2018;** and that these sanctions would fit the definition of collective punishment of the civilian population as described in both the Geneva and Hague international conventions, to which the US is a signatory. They are also illegal under international law and treaties that the US has signed, and would appear to violate US law as well.[https://cepr.net/report/economic-sanctions-as-collective-punishment-the-case-of-venezuela/](https://cepr.net/report/economic-sanctions-as-collective-punishment-the-case-of-venezuela/) +19 year old me, injured in a weightlifting accident, had to move from a nearly brand new motorcycle to a car. + +The bike cost $8k, and was worth $6k on the private market. + +I went to a dealer that was selling Hyundai Tiburon, I had always liked the RSX-S and this was similarly styled but at 75% the cost. + +Well, the dealer decided to try and get all money. + +They started by offering $2k for my trade, and even when I took that off the table the deal stayed awful. + +They set up an 84 month payment at just under $500/m, effectively charging me $42k for an $18k car, hoping I would miss that on the four square. + +Thankfully they tried too hard to get all the money and I walked, ending up selling on my own and buying a much more practical 3 year old Honda Civic, but if they were just a bit less shady I could have really gotten beat up for a very long time. + +So keep your head on a swivel out there, some people will stop at nothing Ti try and take advantage. +https://www.nytimes.com/2018/06/01/business/economy/jobs-report.html?hp&action=click&pgtype=Homepage&clickSource=story-heading&module=first-column-region&region=top-news&WT.nav=top-news + +Thoughts on the impact of the market moving forward/discussion/impact on wages or inflation? +From an X and my fellow XX’s and XXX’s, thanks. + +And now for the automod: +Everybody wants a thrill / Payin' anything to roll the dice / Just one more time / Some will win, some will lose / Some were born to sing the blues / Oh, the movie never ends / It goes on and on, and on, and on / Strangers waiting / Up and down the boulevard / Their shadows searching in the night / Streetlights, people / Living just to find emotion / Hiding somewhere in the night / Don't stop believin' / Hold on to the feelin' / Streetlights, people / Don't stop believin' / Hold on / Streetlights, people / Don't stop believin' / Hold on to the feelin' +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. +I think this would be a great discussion for those who are still trying to achieve FI. We all know the 4% rule to achieve FI and to maximize our savings by investing in ETFs, bonds, real estate, etc. However, there is more to that when you actually achieve that 4% goal. Anyone mind sharing their failure stories when they tried to achieve FI? + +Thanks! + +Edit: Wow, didn't think I would get this many responses! It's always nice hearing other people's struggles through their FI journey as a young person trying to get into this path. +Ur-Energy $URG is a mining company that engages in uranium mining and recovery operations, with activities including acquisition, exploration, development, and operation of uranium mineral properties. Almost 2m in volume, 151m market cap. Check out the latest Executive Order signed yesterday by the US GOV issued yesterday about promoting small **Nuclear reactors for national defense &amp; space exploration** [https://www.whitehouse.gov/presidential-actions/executive-order-promoting-small-modular-reactors-national-defense-space-exploration/?](https://www.whitehouse.gov/presidential-actions/executive-order-promoting-small-modular-reactors-national-defense-space-exploration/?utm_source=twitter) + +Here's the link to check stats on Finviz: + +[https://finviz.com/quote.ashx?t=URG&amp;amp;amp;amp;amp;amp;amp;amp;ty=c&amp;amp;amp;amp;amp;amp;amp;amp;p=d&amp;amp;amp;amp;amp;amp;amp;amp;b=1](https://finviz.com/quote.ashx?t=URG&amp;amp;amp;amp;amp;amp;amp;amp;ty=c&amp;amp;amp;amp;amp;amp;amp;amp;p=d&amp;amp;amp;amp;amp;amp;amp;amp;b=1) + +It is currently listed amongst the top 5 energy plays in these chosen criteria (sorted by lowest price/mkt cap/volume) +Forecasts have a median estimate of 19% increase from current price, the highest is 1.30$ + +Analysts coverage on CNN has 4 BUY 0 HOLD 0 SELL [https://money.cnn.com/quote/forecast/forecast.html?symb=URG](https://money.cnn.com/quote/forecast/forecast.html?symb=URG) + +Nuclear power backers hopeful Biden's climate focus will boost industry : [https://www.reuters.com/article/us-nuclearpower-energy/nuclear-power-backers-hopeful-bidens-climate-focus-will-boost-industry-idUSKBN29G2AY](https://www.reuters.com/article/us-nuclearpower-energy/nuclear-power-backers-hopeful-bidens-climate-focus-will-boost-industry-idUSKBN29G2AY) + +Directly from Joe Biden's website : [https://joebiden.com/clean-energy/](https://joebiden.com/clean-energy/) + +Added by the Global X Uranium ETF two weeks ago + BlackRock/Lazarus owning a percentage of the company [https://fintel.io/so/us/urg](https://fintel.io/so/us/urg) + +Good article on $URG [https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/ready-for-the-inevitable-change-in-the-market-as-a-secure-domestic-uranium-industry-is-in-the-united-](https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/ready-for-the-inevitable-change-in-the-market-as-a-secure-domestic-uranium-industry-is-in-the-united-states-best-interest/)[states-best-interest/](https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/ready-for-the-inevitable-change-in-the-market-as-a-secure-domestic-uranium-industry-is-in-the-united-states-best-interest/) + +https://kalkinemedia.com/au/blog/uranium-prices-are-up-whats-driving about Uranium prices going up + +I think I'll open up a position and see how it plays out for the next few weeks. Thursday Biden's trillion dollar plan will be revealed I guess, so everyone is expecting a boost in clean energy related stocks. Need some more info, if you guys find anything negative I'd like to know, the more we research the better. Hope this post was helpful, since $URG has never been mentioned before. update: CEO buying shares last month [Here](https://www.markets.co/h-c-wainwrights-take-on-this-canadian-energy-stock/288386/) + +⚠️ EDIT: For those accusing me in my DMs of being a liar about Biden’s plan, it’s everywhere in the news. If it’s not tomorrow it will be after the inauguration, if you didn’t take time to search on google take your time to read here. Thanks. + +https://www.cnbc.com/2021/01/12/infrastructure-lithium-etfs-to-benefit-from-biden-plans-global-x.html (yesterday’s article, $URG is into Global X Uranium ETF) + +https://www.reuters.com/article/usa-biden-economy/update-2-biden-to-unveil-trillions-in-pandemic-economic-relief-spending-next-week-idUSL1N2JJ2BL +From: https://www.marketwatch.com/story/the-inventor-of-the-4-rule-just-changed-it-11603380557 + +TLDR: + +- 4% rule is often misunderstood + - "finance not a natural science ... should not be treated like Newton ... is not a law of nature" +- 4% rule was created in 1991 as worst-case scenario based on retiring in Oct 1968 into high inflationary period + - Based on portfolio of: 30% S&P, 20% US small-cap, 50% intermediate US Treasury bonds +- The _average_ SWR historically is 7%, has hit 13% at times +- Bengen adjusted it to 4.5% in 2006 and 5% in 2020, which he now personally uses + +Inflation is more damaging to retirees than bear markets, because bear markets recover while inflation eats purchasing power in only one direction. + +Also buried near the bottom: TIPS performance may be unexpected because its never actually been tested in an inflationary period. + +> There are plenty of unknowns—both known unknowns and unknown unknowns. We don’t know if the Fed can prevent deflation, let alone get prices higher. We don’t know what Covid is going to do to long-term returns. We also don’t know, for example, whether inflation-protected TIPS bonds would work better than regular government bonds. Although TIPS are designed to adjust their prices to reflect rises in the Consumer Price Index, they weren’t around in the 1970s, so we don’t know how exactly they would have done. +> +> Oh, and right now they are so expensive that they actually guarantee a small, but significant, loss of purchasing power for up to 30 years. +Hi. Im 20 years old and using a throwaway account because my friends know my other U/. I recently made a really good play, bought GME at 19$ and sold around 410$. Im sitting on a boatload of cash just past 6 figures. More money than i ever imagined i would have at this age. + +Im going through a bit of shellshock, but now its been 5 or so days since i sold and im ready to get back out there or at least develop a plan. + +Long story short: my dad wants me to use 100k of it and develop a good equities portfolio, then use the remaining 20-30k to play around with myself. A mix between r/investing and r/wsb. I was thinking more like doing some theta gang plays. I could lowkey spin the wheel on TSLA, which could be profitable, but id be risking like 70-80% of my entire portfolio. I dont know. Maybe i need to read the intelligent investor and this isnt the right place to come to with this issue. + +Either way, if you have any tickers, strategies, or thoughts please share. The way i look at it, i was able to make a lot of money for someone my age, but this isnt a ticket to complete financial freedom.... yet. I want that ticket. +Alright, so I though we could do a little game. I think it could be also good as a discussion starter and who knows, we might even change someone's life! + +So, how old are you, what do you do, how much do you earn, how many hours per week? + +Feel free to use throwaways, I'm using one myself. + +&#x200B; + +I will start: 31 Male Architect. I'm based in Portugal (shitty taxes here) and work for companies in the UK, Austria and Germany. I work for a company full time and also work for different clients after work and on weekends. Income combined per year \~ 50K euros (gross). For the full time company work 40h / week, for my freelance projects (normally get a project a month that takes 2 weeks til completion), during peak, I usually do \~55h / week, so basically 95h/week all combined. Yes, will be dead before 40. + +Funny that only after I finished writing this I realized how much I'm getting screwed.... + +&#x200B; + +How about you? +I am new to ETFs and looking for advice from experienced people. Due to the Corona outbreak in Europe the stocks are falling. I have a couple of euros (let's say 5000) left to start investing. When should I buy? What do you think...how long will the courses go down - I know that ETFs are a rather long-term investment. Nobody knows for sure but I would like to hear your thoughts about this. Thanks +In before all the “why have the price of all my Vanguard ETFs dropped so much today???” threads. + +Vanguard ETFs are trading ex distribution today. In order to receive the September Qtr distributions, you need to have bought the units *yesterday*. + +If you have recently purchased an ETF for the first time, please ensure you’ve updated either your bank details or opted for distribution reinvestments at the share registry, otherwise you risk not being paid on 18 October. + +Seems like a dog day overnight on the Dow and S&P 500, our futures pointing to a huge drop today, which might result in a 3% drop in price for VAS for example. + +Note it’s not a *real* 3% drop because your fund has been accumulating dividend cash from the underlying investments the past three months, and is now paying it out to you. + +So chill out, it’s Friday, relax with a beer, and raise a toast to old mate Bogle. +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/wsNDGTf5QH) +Figuring out a good investment for a salaried employee in middle management. Thinking of investing a corpus of close to 30L over a 5-6 year period only to build net worth (or as a retirement corpus) + +**Rental Property (flat or ready made house) :** On one side every investment guide on YouTube seems to love rental property since you can leverage it, get a home loan deduction and gives you the value increase of property + rental income. Plus property prices have not recovered post the COVID drop + +**Real Estate (Land) in a non metro city :** Historically appreciates more, has less maintenance charges and taxes but has only it's value, no rental income at all + +**Shares & Mutual Funds :** SIP in some blue chips, mid cap MFs (growth) and a NIFTY index fund. Focusing on reinvesting all value to build a corpus quickly + +Love the knowledge sharing on the group and would definitely want to know your views on this +This got posted in the Daily by /u/Stunt_Driver, but I thought it deserved its own writeup. There was a fantastic short piece in *The New Yorker* yesterday titled “[**Why Are So Many Knowledge Workers Quitting?** +The coronavirus pandemic threw everyone into Walden Pond](https://www.newyorker.com/culture/office-space/why-are-so-many-knowledge-workers-quitting),” by Cal Newport. It’s a relatively shallow but poignant look at the stories of knowledge workers who have discovered what (to me) is the soul of the older-school FIRE themes - basic minimalism, and a grounded sense of the true meaning of “enough.” + +He lays out a few vignettes that are emblematic of “The Great Resignation,” the mass exodus of knowledge workers from traditional employment during COVID: + +> In early June, the Labor Department released a report that revealed a record four million Americans had quit their jobs in April alone—part of a phenomenon that news outlets called “The Great Resignation.” + +They share similar themes, of individuals rediscovering what is important and how little the luxuries and frivolities brought to their lives, then deciding exactly how much was enough for them. He ties that back directly to *Walden*, which I admittedly haven’t read in probably 15 years. + +Newport calls out that Thoreau was far more quantitative and analytical than he remembered from his first read: + +> The first and longest chapter in “Walden” is titled “Economy,” and it features multiple data tables that catalog every expense related to Thoreau’s time in the woods near the town of Concord, Massachusetts. The cost of the materials required to build Thoreau’s cabin, in case you’re wondering, sums to twenty-eight dollars and twelve and a half cents. + +This obviously ties nicely in to this community, with our spreadsheets tracking our essential and nonessential expenditures and our focus on cutting out the unnecessary (Thoreau’s Venetian blinds and shiny copper pumps) to spare time, space, and resources for the essential. + +I particularly enjoyed the discussion of the marginal cost vs marginal benefit argument, and it echoed one I frequently see in the Daily Discussion Thread.: + +> The key to Thoreau’s “new economics,” to use a term by the philosopher Frédéric Gros, was to demand an accounting for the implicit price of this extra effort. “The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run,” Thoreau writes. Venetian blinds are nice, but if they require you to work extra acres of land, which in turn requires extra hours of labor from you per week to maintain, are they nice enough to justify all of that squandered life? Wouldn’t you get similar pleasure from walking through the woods and staring at ice? + +Overall, I think this is probably the best piece of contemporary writing I’ve seen about the so-called “FIRE Movement,” and it does us the great service of not even mentioning the name. + +EDIT: Y'all seem really, really focused on whether or not people are actually retiring more quickly. The author himself notes this may be a temporary trend, and this may simply be reflective of a reshuffling. The far bigger point he's trying to make is one about mindfulness - one about an intentional life. +[Shark Tank's Barbara Corcoran Loses Almost $400K in Phishing Scam](https://www.yahoo.com/entertainment/shark-tanks-barbara-corcoran-loses-020939317.html) +I've always liked the idea of teaching high school, but I never pursued that route because I wanted a higher salary. I'm young, but if I hit my FIRE numbers early, instead of fully retiring, I am considering teaching. I wouldn't care about the pay cut because I'd be FI by then. Anyone else hit their numbers and then semi-retire into an easier or more rewarding career? +So recently a person fell prey to a Bitcoin doubling scam and sent the single largest payment of 26BTC to the scammer. + +I found the scammers wallet address and found that the scammer has received a whooping total of 87 BTC(Worth a total of 3.6 mil). + +[His bitcoin address has been reported on scam alert. ](https://preview.redd.it/zvt7kv9u2gc81.jpg?width=1280&format=pjpg&auto=webp&s=989bf9aa6db66fbbc249eb9b94544d65cad4fdd8) + +This person managed to earn 3.6mil dollars from a YouTube live video. This money is enough for someone to retire and live a happy life and falling for such a petty scam is stupidity at its finest. Now there is one very happy Nigerian prince out there. Doing almost nothing for a cool 3.6 million dollars. + +I have decided to do research on tools that can be used to not fall for these scams. I will make a post on what these scams look like, what you can do to make other people aware and not fall for these yourself. It may not be perfect but I will try. I can use all the help I can get. There is no one out there who will double your money willingly. + +Edit:- Thanks for the awards. I have made a promise and intend to keep it. If you guys have any suggestions please do DM me. Ohh boy, I fear what will happen if I don't keep my promise or fail to deliver. + +Edit 2:- Many of you don't know how these scams work, [so here is my old post attempting to explain it.](https://np.reddit.com/r/CryptoCurrency/comments/s1a7ft/can_someone_explain_to_me_how_people_fall_for/?utm_source=share&utm_medium=web2x&context=3) +Like everyone else, I'm finding that living in New York is getting too expensive and I'm thinking of relocating to save on taxes, utilities, and the cost of living! With the real estate market the way it is, I can sell my primary residence at top dollar ($1m +). What might you suggest for a place that is vibrant, has great health care, is easy to get around, has educational and cultural opportunities and lower taxes? I'm an active educated 60 year old and have been retired several years. Adult children live locally and looking for an affordable place to live, too. Thanks! +It's been about a year since I set out to create a trading bot, and today I finally had a bot running live trading 1 share. After some hiccups in the morning, it made about 4% in the afternoon. This is really a milestone and I wanted to share it with you all. It was ridiculously fun. My system is built entirely from scratch by me, so there is still plenty to do. Next up, managing this strategy on multiple tickers, and managing multiple strategies on multiple tickers. After scaling this up, of course. + +[Click here to see my 2020 financial summary](https://i.imgur.com/uJZPkfw.png) + +Hi all! I’m back with my annual update – 10 YEARS! First decade down. [Here’s the latest version of the spreadsheet I made](https://drive.google.com/file/d/116ujdZh5sw266f2l4zTGgX964Ri4jeQ5/view?usp=sharing) to budget my spending and [here are instructions](https://imgur.com/a/p6y9Z) for how to use it. Shout out to everyone who has helped me debug this along the way. See you next year! + +FAQ + +- *How is this not a pain?* It’s actually pretty easy. The trick is not to track the money at the point of every individual purchase. Instead, create separate checking accounts for different types of expenses and simply track how much money you put into each checking account per month + +- *Job?* Active Duty US Space Force Astronautical Engineer + +- *Education?* MS Astronautical Engineering, BS Mechanical Engineering + +- *Age?* 33 + +2020 YEAR IN REVIEW: + +- Invested 52% of my net income (target was 45%) + +- Spent 24% of my net income on recreation/fun (target was 25%) + +- Spent of 24% of my net income on living expenses +I’ve wanted to get into trading and investment for a while, I was wondering if anyone could give some pointers and tips on how to start earning effectively and how to start turning profits with minimal funds( for example like a fiver or a tenner to start off with) because I feel like it’s vital that youngsters and new people on the financial trade aren’t left with a sour taste in their mouth when it turns out to be not as easy as some movies and influencors make it out to be +By now, many if not most of you are familiar with ProPublica's article "[The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax](https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax)". + +I was the most fascinated by this passage: "*For regular people, borrowing money is often something done out of necessity, say for a car or a home. But for the ultrawealthy, it can be a way to access billions without producing income, and thus, income tax.* + +*The tax math provides a clear incentive for this. If you own a company and take a huge salary, you’ll pay 37% in income tax on the bulk of it. Sell stock and you’ll pay 20% in capital gains tax — and lose some control over your company. But take out a loan, and these days you’ll pay a single-digit interest rate and no tax; since loans must be paid back, the IRS doesn’t consider them income. Banks typically require collateral, but the wealthy have plenty of that.*" + +I understand the process of taking a loan and why it's done. My question is: **how do they pay back these loans**? I'm assuming that one day, the loans have to be repaid. If the wealthy individual sells assets then they owe taxes on that sale on top of the loan interest. Or are the loan repayments passed to the next generation, who sell assets at a stepped up cost basis? Or maybe the loans are repaid by the loaner themselves, but at a more opportune time when selling a certain asset is most advantageous? I have tried to research this but it's not clear. + +TIA +I've made about 500k in capital gains in the last 2 weeks and I have put all of it into another position. Do I need to pay quarterly taxes on these gains or can I wait until April next year? I thought I would just be taxed on my net profit at the end of the year but now I hear that if you make a lot of money that you have to pay tax quarterly. This is the first time i've ever made this amount of money. + +Edit: https://imgur.com/a/qz4DLAw +I work a 9-5 with a job I can't always have my phone at. + +However I am online all the time, and can't help but notice all sorts of stock traders all over the place. Reddit, Twitter etc. As a software engineer I tried 'algo trading' (s/o r/algotrading ) for a while, but really struggled to create anything meaningful. I tried daytrading a little, but can't really do that with my job (and kinda found myself going insane watching line graphs all the time). + +Which brought me to here, trying to find good companies you believe in. The more I look into it, the more I believe Warren Buffet that buying and holding is much stronger than spending time and energy swapping millions of shares will ever be. Better yet it allows me to accomplish other things in life rather than be glued to my phone everyday. + +Did anyone else have a similar journey? I'm curious to hear about how things went for you or your thoughts on this. Thanks! +I’ve always done my fundamental analysis based on two main numbers - pre-tax income and net income. + +Yet it seems like the companies I look at with the absolute worst fundamentals and deteriorating businesses get away with using / reporting / leading with Non-GAAP EPS. + +……and that’s the number Wall Street pays attention (and jumps on) while in the “fine print” below that result they are saying their net income is down 50% plus). + +I know I sound cynical but are they just doing it to protect the stock price? + +I’ve been watching a company from the short side and this has really baffled me. They just reported that their “Non GAAP EPS” is up 63% while their net income is down 52% - and the stock is soaring. + +Wouldn’t net income be more telling about how the business is doing? + +I’m just trying to understand why a kind of manipulated / made up non-GAAP metric can move a stock when something as tangible as net income doesn’t. + +Does it come down to the face that we are just in a market that doesn’t care about fundamentals? +Semiconductors are going to be needed more and more as we become more reliant on technology. Currently, we are heavily reliant on TSM and other international foundry businesses to fuel this necessity. Now Intel is investing heavily in becoming the largest national foundry in the United States. I think this provides investors with a unique opportunity to buy a cheap stock that will eventually become a local monopoly. If you look at this [chart](https://viz.wiijii.co/chart/?id=-MjaE_38Rr4-_UGZKPRb), it becomes apparent that INTC is trading at a third of the price as TSM! Now TSM has significant margin advantages, but Intel's margin should increase over time. + + +What do you think of some of the other stocks on this chart? +**Quick Thesis:** + +The thesis on Thungela is simple, if coal prices stay remotely close to what they are today the company will pretty much be printing off money thanks to its operating leverage. I expect the company to be at least a double within the next year as it declares its first dividend, has great earnings, and spinoff selling pressure continues to wear off. + +Given coal prices around 130-150$ per ton the company will have 6 to 10 billion in cash flow on a currently 9 billion dollar market cap. Current coal prices are 155$ per ton. + +**Business**: Thermal Coal Mine Operator + +**Ticker Symbol: TGA on the LSE and JSE** + +**Valuation:** + +Regarding valuation, this company is dirt cheap. Based on 2022 mine by mine projected capex and production levels the company will easily produce 5-8 billion in rand. This is pretty conservative in my opinion and is modeling prices of around 120/ -130/t with production levels of around 19 million export tons of coal. As a result of a mine being put on maintenance and problems relating to rail transportation the company only produced 7.5 million tons of export sales in H1 2021. I think this will recover through H2 2021 and 2022 and I think 2022 levels while not quite being at 19 million will still be close to that number. This should be mitigated by the fact that coal prices have risen all the way to 155/t since I did my modeling for Thungela. Given 8 million exportable tons along with an average realized coal price of 140/t which at this point seems low Thungela will still bring in around 4 billion rand (of which the company has declared a minimum of 30% to be paid out as a dividend) in cashflow during H2 2021. This equates to a 29 percent annualized dividend that at a 10% rerate puts the company at around a 24 billion market cap or around 3x its current 8.4 billion rand market cap. When it comes to cheapness I can’t think of something much better than double and even possibly three digit free cash flow yields which is exactly what Thungela presents; given its current business prospects and impending catalysts Thungela is displaying a clearly massive value gap that should be closed on within the upcoming reporting periods. + +Full Report with sensitivity analysis here: + +[https://deepvaluedabblings.substack.com/p/thungela-resources-limited](https://deepvaluedabblings.substack.com/p/thungela-resources-limited) +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! + +Good afternoon/evening fellow crayon eaters. I would like to bring to your attention the difference between this year March, and last year March. Last year, the cycle finished on March 12th, 2021. However, the correlated January opex day was **ONE WEEK EARLIER.** That's right, the options in January during the OG ape sneeze didn't hit us until the ***VERY FINAL WEEK*** of their March cycle. This year, the January options expire one full week later. This means we have NEXT WEEK still for action as it pertains to this cycle, putting this cycle end on March 18th. A grand majority of our DOOMPs for this cycle came from the original January sneeze. You can see the put open interest increase day by day if you have a platform like thinkorshill, using their "OnDemand" feature on the very right on the trade tab. Going back days allows you to view what the daily OI and volume was for options, so on and so forth. + +[highlighted opex days to show unaccounted extra trading days](https://preview.redd.it/bowv5cownsm81.png?width=240&format=png&auto=webp&s=3b76f69555773924b0286737934f14abe107baf0) + +&#x200B; + +[original cycle Jan '21, T+2+35](https://preview.redd.it/90e7gpf9qsm81.png?width=477&format=png&auto=webp&s=763ecbe7c5fe89b599623a3031d75f3fd99ee03f) + +So we have another week. And people have been running around saying the cycle is dead. Ryan Cohen likely knows the cycle is alive, and has moved his earnings a week earlier to make an explosive announcement at the worst possible time for them. Good riddance. + +Edit: Addressing questions in the comment section about futures rollovers, u/oscar2wilde4u has commented on a previous post about how "rollover periods are merely a suggestion" - that rollover dates can be moved anywhere before expiration. You can find his comment here: [https://www.reddit.com/r/Superstonk/comments/pl5dbv/comment/hc86msf/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/pl5dbv/comment/hc86msf/?utm_source=share&utm_medium=web2x&context=3) + +Additionally, here is an image of the of the expirations for futures, which leaves the last day on the same date. + +[18 Mar 2022 expiration](https://preview.redd.it/336jq1webvm81.png?width=767&format=png&auto=webp&s=076fd9061cfab145171c904a2bffa9188ba20ba9) + +Feedback and criticism I heavily encourage. Thank you everyone who shared their thoughts with me about this, I'm happy to be able to add it to the post. +I've been thinking about something for a while. I want to set up my children to be able to not need to worry about retirement. At least... Not as much as I, and a lot of the people on this sub, do. Essentially, I want to put some money away, invested, that will grow enough that they'll be coastFI from birth. + +A few quick calculations suggests that $10k per child at 7% annual return is perfect, leading to an average of a bit over $800k at age 65. + +Any thoughts on how to get it to them with the least tax burden? What about protection from creditors? My current plan is to "pay" them $5000 each year for the first two years of life (like as photography models - maybe make and sell a baby calendar at a loss) and dropping that money into a Roth IRA on their behalf, but I'm not entirely sure if that'll work the way I expect it to. + +Obviously this would push my FI date back by a bit, but I can't help but think it'd be worth it. + +**Edit**: Did some more research and looked into many of the comments here. Looks like Schwab (at least) offers an easy to setup custodial IRA or Roth IRA for children. Score! I'll also likely talk to an actual professional before deciding in the end. I think I have a benefit from work for that as part of my EAP. + +People saying this is tax fraud. No, it's not! Not if done properly, that is. The quotes around pay were because I'd assume I'd operate at a loss, but I'd still route it through either sole proprietorship or an LLC. I wouldn't just employ them on paper - I'd actually print and sell something with their likeness. + +The creditors part: I live in the USA. One minor accident/injury/illness/etc is a bankruptcy for the vast majority of people. I want their retirement fund protected from that. + +And to all the people who are super angry about the idea of "trust fund babies". The idea isn't that they wouldn't have to work - it's that they would be able to do the work they want rather than being forced into the most lucrative possible position. Jealousy is not healthy. +So the neverending unsolicited advice from basically everyone that invests in the markets instead of trading in the market is "You can't beat the market!" or "Statistically it's almost impossible to do better than the market YoY." + +If this is true, then what's the point of investing? Trading operates under a different assumption, so it's not worth mentioning. Investors, however, believe they can't beat the market and yet they/we/you buy into various funds, ETFs, Companies, and other equities for.... reasons? If you can't beat the market just put 100% of your money in SPY, VTI, and VOO and go home. + +Can someone explain this to me? Is the phrase "you can't beat the market" a blatant lie, propaganda, or an inconvenient truth that everyone ignores? +Weekend dumb discussion: + +I've noticed stocks like Canopy at $24 today from a high this year of $72, even Blackberry was $155 a share years ago! + +I'm sure people haven't bag held that amount of time and of price drop to where it is today, and had I'm sure it's all been sold at a loss, but what's your biggest bag $ wise per share? + +Edit: seems we should avoid weed stocks, speculative penny stocks, and BlackBerry lol +I have finally scored a decent job. $80k a year with benefits and room to grow. Between myself and my partner we can save $600-$800 a week while paying $400 in rent. We are planning to have a house deposit down by this time next year. Unfortunately all I'm hearing at the moment is that it's too late and houses will be out of reach because rent is likely to be around the $600 mark by then. Plus houses will be much more expensive and the general rising cost of living seems to just bring down how much we can save each week. Living in central Qld, is it too late? Or should we try selling one of the kids to get a house? +Have two cars on policy. One I make payments and has comprehensive coverage. One I own and have collision only. + +Never had a accident or even a claim in 7 years and my rate literally just doubled? + +Is progressive a scam? + +Edit: it looks like based on comments that my rate increased because of a Washington state law going into effect on June 20th. The law does not allow credit scores to be used in calculating auto rates and with my score I was getting a large discount. + +Fun fact, my new rate would make my auto insurance monthly cost $40 more than my entire car payment. Absolutely unbelievable. +Prior to really understanding investing, I was an investment advisor.... Read that again, it's real lol. + +I would hear people talk about their networth and I would always say, that means nothing. It only matters when you sell (I came from a stock background). + +Well I read the millionaire real estate agent, and a line that stood out was, "it took me 20 years to make my first million. It took 3 years after that to hit $2m and another 2 years to hit $3m...". + +Can anyone else relate? On a MUCH smaller scale I've been tracking my networth for 8 years and we were growing on average $100k in networth every year for the last 4 years, until last year when we added $200k. Expecting to cross the million mark before 40 (I'm 38). + +I have come to realize it's not just about selling. It's about access to capital too. The more money you have access to, the easier it is to make money. Can anyone relate? Any similar experiences? +WASHINGTON — The Internal Revenue Service and the U.S. Department of the Treasury announced today that the first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July 15. Roughly 39 million households — covering 88% of children in the United States — are slated to begin receiving monthly payments without any further action required. + +IRS and Treasury also announced the increased CTC payments will be made on the 15th of each month unless the 15th falls on a weekend or holiday. Families who receive the credit by direct deposit can plan their budgets around receipt of the benefit. Eligible families will receive a payment of up to $300 per month for each child under age 6 and up to $250 per month for each child age 6 and above. + +The maximum Child Tax Credit in 2021 to $3,600 for children under the age of 6 and to $3,000 per child for children between ages 6 and 17. + +Households covering more than 65 million children will receive the monthly CTC payments through direct deposit, paper check, or debit cards, and IRS and Treasury are committed to maximizing the use of direct deposit to ensure fast and secure delivery. While most taxpayers will not be required to take any action to receive their payments, Treasury and the IRS will continue outreach efforts with partner organizations over the coming months to make more families aware of their eligibility. + +Additional information for taxpayers on how they can access the Child Tax Credit will be available soon at [IRS.gov/childtaxcredit2021](https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021). +**TLDR - BCG were the ones creating the plan to restructure TAP (the Portuguese flagship airline) in which the Portuguese citizens are expected to spend 4.000.000.000EUR (at least...)** + +Some quick background about me, I'm a Portuguese ape 🇵🇹 (PORTUGAL CARALHO!) that loves the stock and has been invested since Jan 2021. You won't gather much from my Reddit history, since I wipe it from time to time. (This post will eventually be deleted as well...) + +So anyway, I'll try to keep this short and as non-political as possible, specially since this refers to Portugal and probably most of you can't even point it on a map, much less care about our internal economics. Feel free to visit after MOASS though. It's a great country! + +So after the recent posts by RC and seeing everyone digging dirt on BGC i thought about googling the obvious *site:.pt "boston consulting group"* and right away I came across this: [https://www.dn.pt/edicao-do-dia/11-dez-2020/-reestruturacao-da-tap-com-receita-conhecida-despedimentos-menos-avioes-e-rotas-13126946.html](https://www.dn.pt/edicao-do-dia/11-dez-2020/-reestruturacao-da-tap-com-receita-conhecida-despedimentos-menos-avioes-e-rotas-13126946.html) + +All alarms started to sound, because this TAP thing has been a very HOT topic in Portugal. The short version of this is: TAP has historically been a struggling company. It was a national company and a few years ago was privatized. I'll jump over how it was managed over the last decades and go straight into Covid. Airline companies were hit bad with the lockdowns, and TAP was no exception. The European governments gave financial help and some were even able to pay it back already; not TAP. The Portuguese government then came up with a plan to keep TAP afloat which required the injection of 4.000.000.000EUR - despite most of the population being against it, people from all over the political quadrats being very vocal against it, books being written about how bad of an idea that plan was - the plan was present to the European Commission and the deal went through. + +Now, who wrote that plan, that by the way IS NOT KNOWN BY THE PUBLIC, for a coapany that has close to zero chance of being kept afloat, but in the meantime costs Portuguese citizens tens of millions? Our very own Boston Consulting Group. + +As I said, I won't make any political readings about this, but fuck BCG. + +I'll leave some more links (all in Portuguese, sorry. Maybe translate can help here): + +* [Boston Consulting Group's Choice Is "Deplorable" Ethically, Says Sitava (Union)](https://www.dinheirovivo.pt/empresas/escolha-da-boston-consulting-group-e-deploravel-em-termos-eticos-diz-sitava-12894170.html) +* [TAP Boston Consulting Group "has not yet presented any strategy" for restructuring](https://rr.sapo.pt/noticia/economia/2020/09/02/tap-boston-consulting-group-ainda-nao-apresentou-qualquer-estrategia-para-reestruturacao/205700/) + +BONUS HOLY FUCKS: + +* If you are Portuguese you are very aware of the BES scandal. Guess who is tied up to it as well? [https://onovo.pt/economia/o-que-diz-o-relatorio-sobre-o-bes-que-carlos-costa-escondeu-IL278082](https://onovo.pt/economia/o-que-diz-o-relatorio-sobre-o-bes-que-carlos-costa-escondeu-IL278082) +* NOS has two execs from BCG [https://www.nos.pt/institucional/PT/assembleia-geral/Documents/RC%20NOS%202020%20PT.pdf](https://www.nos.pt/institucional/PT/assembleia-geral/Documents/RC%20NOS%202020%20PT.pdf) +* REN, EDP and BCG being raided by PJ [https://www.tsf.pt/sociedade/pj-faz-buscas-na-ren-8528842.html](https://www.tsf.pt/sociedade/pj-faz-buscas-na-ren-8528842.html) +* it goes on and on and on... seems like all the major Portuguese companies are involved with BCG at some point, and most have scandals to show for it. +These aren’t you run-of-the-mill companies I’m talking about. I’m talking about fortune 500 companies that have done extensive research before allocating billions of dollars combined into bolstering their presence in the crypto market. + +If its a few companies join the market then one might take this with a grain of salt. But the reality is that a pretty significant number of big-name companies are joining the crypto market right now. + +Apple will soon be onboarding hundreds of millions (possibly even 1+ billion) users into the crypto market through their ecosystem. + +Other companies like NVIDIA have also benefited a lot from the crypto market through the major demand for their GPUs + +There are also many companies joining alliances with crypto projects most notably Polygon who’s recently secured many partnerships. + +Stripe (one of the largest Fintech companies and 5th most used payment app in the US) already partnered with Polygon as their scaling solution for payment. Bentley also partnered with Polygon a couple of days ago for their NFT releases. And they’re also partnering with Instagram soon in order to enable users to display their NFTs on their profiles. + +This is not mentioning the multitude of other crypto projects that are helping traditional companies step foot into the crypto market. + +So the bottom line is, these billion-dollar companies have teams of financial advisors and they rarely ever lose on their investments. So I really don’t think that ALL these major companies are investing billions of dollars into something that is a “Ponzi scheme" +I recall a conversation with a friend about ten years ago, and we were discussing how to save for a home deposit. + +We ran with this scenario: one of the most significant expenses is rent, so if you can get a tent and sleep in the park, that's massive savings. To take a shower, either you are lucky to be in an office with a shower (e.g. CBD companies) or take out a cheap gym membership. For food, try a combination of eating out and getting salads; try to be as healthy as possible. + +That's it. I wonder if others have thought up similar funny and extreme savings strategies? +Would be great to hear your stories. + +For me, I bought a condo impulsively, and now that’s where is want to live after I retire. So totally worth it. + +For #2 penny stocks :) +I have spent the last few months picking up financial related tips from this sub/blogs/etc. and thought I would combine what tips I have learned in one post (and for others to append to). These are things that might seem obvious now but weren't to me earlier on. + +Early career + +* Try to get equity in your employer as soon as possible. I didn't know that many tech jobs (both startups/established companies) will allow you to take a slightly reduced base pay for more leveraged equity. My peers who have had equity have worked harder, become more financially successful and enjoyed their jobs more than my peers who kept to larger base salaries +* Options (ISOs and those that you manage with an 83(b) Election) can be much more tax efficient (+25%) than the base pay on your W2 - they also have \_much\_ higher variance. + +Incentive Stock Options (ISOs) / Company Stock + +* Make sure you understand the implications of AMT *before* your ISO vesting date. There are a lot of calculations to make around how much of your stock you want to exercise and hold (in hopes of paying long term capital gains tax) vs what you might want to sell immediately (in order to "sell to cover", avoid AMT or avoid an anticipated future drop in your stock). I made the mistake of being scared off by the complexity of AMT and so just didn't do anything with my vested shares which was non-optimal. Good table of tax tradeoffs [here](https://employeestockoptions.com/amt-credit-iso/). +* I have been through the full gambit of insane stock gains and crashes, I recommend always selling 5% of your position each quarter at a minimum. This locks in some gains but still keeps some "lottery tickets" in your pocket. [This website](http://openinsider.com/) is an awesome way to see how high level people in your publicly traded company are selling/buying their stock (and how much they have!) +* Always do ESPP (if offered) and make sure you choose a withholding percentage that doesn't cause you to hit the 25K/year limit in the first offering, rather spread it evenly over the year + +Tax Efficiency + +* Muni bonds can be a great place to store cash (saving up for a big purchase, market dip, etc.) because they have no federal tax and you can get state specific ones that also have no state taxes! For example, [VCLAX](https://investor.vanguard.com/mutual-funds/profile/overview/vclax) has a roughly 1.5% yield with no taxes (if you live in CA) which really smashes Wealthfront's HYSA post highest tax bracket yield of \~1% (1.78 \* 0.6) for only a bit more risk. EDIT: As u/tophouse pointed out, the qualified yield is 1.5% (which is tax free) and the CAGR is around 4.8% for the fund lifetime (which you would have to hold long to get cap gains rates (which you can't get with HYSA) In 2008 the fund returned -6.8% so this is definitely more risky than cash. +* Make sure you put investments with non-qualified dividends in a tax friendly account like a Roth - I messed up and put a common REIT, [VNQ](https://investor.vanguard.com/etf/profile/overview/vnq) in a regular taxable account +* Treat your HSA (if you have one) like a retirement account and fully max it out each year. Let your savings compound tax-free and instead keep a detailed spreadsheet of your medical expenses as there is no expiration on when you can pull out the [expenses in the distant future](https://www.irs.gov/pub/irs-drop/n-04-50.pdf). +* If you own large properties, some states allow a [Current Use](https://www.maine.gov/revenue/propertytax/propertytaxbenefits/current_use.htm) program to significantly decrease property taxes. + +Retirement Accounts + +* There are tons of [good threads](https://www.reddit.com/r/fatFIRE/comments/f2dgyy/a_fat_guide_to_retirement_accounts/) on this but just confirm you know about Roth (Mega)Backdoor conversions and are fully funding your 401k to the current 19.5K limit b/c you can deduct that from your AGI independent of how much you make + +Taking Time Off + +* A lot of employers will allow you to take some unpaid leave after you have demonstrated exceptional value to the company. This is great for the employee because + * Often your equity keeps vesting or at the very least the company keeps appreciating while you are gone + * You come back refreshed and work twice as hard than when you were burnt out + * With the progressive tax scheme in the US, if you take 2 months unpaid, you aren't missing out on 16% of your salary - in top bracket cali (\~50% marginal) you will have taken 2 months off but only have 8% less post tax money :) + * Lastly, for the employer, this setup is advantageous because they get to retain a great employee and they don't have to start the minimum 6 month process to recruit/hire/spin-up a newbie +* You will never wish you took less time off + +Miscellaneous + +* Building a portfolio in Wealthfront and then replicating in Vanguard/Schwab minus the 0.25% fee is easy (0.25% is a lot if you consider VTI has a 0.03% expense ratio) +* Chase Reserve can give you meaningful money back on restaurants (always get the bill and then Venmo friends instead of splitting with 5 cards) & travel, about 4.5% (total of 30% w/ Lyft) back when converted into travel (and this is tax free) +* [Portfolio Visualizer](https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults) is a simple way to backtest investment ideas. +* I'm really interested in environmental investing, [this is a great](https://fossilfreefunds.org/) fund screener and [VFTAX](https://investor.vanguard.com/mutual-funds/profile/VFTAX) is a good first investment vehicle. +* Tell as few people as possible the extent of your wealth. As soon as anyone knows you have fatFIRE'ed (or are getting close), they begin to "expect" certain things from you. + +&#x200B; + +edit: additional miscellaneous + +edit: muni update +Yesterday was a green day for the whole crypto market in general, including this coin, which pumped almost 2x after the dump. Today however the crypto market seems to be dipping again, making this a perfect opportunity for accumulation. The strong rebound from yesterday makes me believe that the bullrun hasn't yet finished, and we've yet to see extraordinary gains, which ULTRA will be a part of. + +&#x200B; + +If you've looked at the success of other altcoins then you must know that most of the time that success is owed to the coin's community. The more hype a community generates, the more the coin pumps - and that's the best part about Ultrasafe. It's genuinely got one of the best communities out there and has reached insane levels of hype and dedication due to the coin's branding and huge success at launch, resulting in it breaking multiple world records on BSC and getting over 30,000 Holders in just a few days. + +&#x200B; + +Ultra was one of the most dump-resistant coins during the crash and their official Telegram server was still high energy, vastly different to most other coins' whose communities had lost all hope. This is partly due to the devs being doxxed and having shown their faces on livestream, the coin has also been audited TWICE to make sure that it lives up to its name of being ultra safe. As a matter of fact, the CertiK audit concluded that this coin is even safer than Safemoon, which made many Ultra holders claim that this coin, simply put, is a better and safer version of Safemoon. The community has FULL trust in this coin. + +&#x200B; + +There seem to be a lot of things being planned by the team in the background, according to official updates from their Telegram. This includes a new version of their website, multiple marketing avenues including billboards, plane banners, influencers, an upcoming Dapp and even Staking. I expect we'll get more details on all of these tommorrow, during their livestreamed AMA. + +&#x200B; + +Important links: + +&#x200B; + +Check out their website: [https://ultrasafe.finance/](https://ultrasafe.finance/) + +Pancake buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) + +Their telegram community: [https://t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial) +Services like Klarna ARE proper borrowing — it just feels more soft touch, which is exactly why it's so dangerous: everything about it has been built around ease of use to encourage spending, so PLEASE be careful here. + +There are consequences for missed payments/repayment. + +* If you miss repayments OR fail to repay within the timeframe set, you may be referred to debt collectors +* If you miss repayments OR fail to repay within the timeframe set, it will affect your credit score + +Don't get into debt you can't shoulder, it'll disrupt your life for quite a while. Any questions, let me know and I'll try to help. +Just wanted to share this to prevent others from making the same mistake I very nearly did. + +I was hesitant to pull the RE trigger, but after I hit my third FI stretch goal, it seemed like now or never. So I sent in a resignation email and figured I was done! + +However, instead of immediately accepting it, my company asked if there was anything that would make me stay. Given that I was FI, I shot for the moon: work part-time from home, and offload the most annoying responsibilities that I wouldn't have time for anymore. They actually said yes, and now I have a relaxed and enjoyable role that allows me to feel half-retired with time for what I want to do in life, while still earning well and building up towards a comfier FIRE. + +So when you hit FI, don't forget you have a lot of leverage with no risk, and you might as well try to take advantage of it before you RE! My experiences at jobs has always been surprise at how often someone will say "yes", so consider (nicely) explaining the role/commitment isn't for you, and asking if you can carve out a special role to stay on, if this is interesting to you. If you've any similar or related experiences, please share :) +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. +I'll pay you half a shares value at peak value. If you film him freaking out and post it. Unlike the SEC. PH doesn't really do it for me anymore. But his sheer fucking mental breakdown and tantrum has got to be biblical and I'll pay that to see it. + +Limited to the first to post it. +Something is happening and I simply don't understand it. + +For some context, I am a 32 year old man living out of his car, delivering pizzas. + +For my entire adult life, I have never had more than $200 to my name at any given moment. Sure I've paid bills, rent, taxes, even put myself through college while.living in a homeless shelter, but I've never been more than $200 away from being broke. + +At the time of writing this, I currently have $600 liquidity on me. My car insurance and my Phone bill are paid through August, and I have a full tank of gas. + +I make 9.30 an hour and start each day by filling my tank and buying breakfast for myself. Despite this, I have more money than ever. + +The hell is going on? +My dad is 87 and still working. He has about 230k in his 401k. He’s finally going to retire this summer. Can he rollover the 401k? I’m not sure what the rules are at his age. +Is SCHD and dividend growth investing a strategy you would employ in an IRA or in a taxable account? My 401 is split between VTSAX and VWILX. So I feel like I have a good footing in total market and international... Looking to figure out the IRA portion. I've always loved stock picking, so a dividend ETF and some individual stocks sounds appealing, but I don't want to screw this up. +After spending over 36 months on my bot, I've finally ingested enough data and run over million experiments and the yield I've back tested for the past 10 years with millions of iterations of entry/exit points yields a mere 13%. + +I've lost a lot of hair and time and well 13% is losing to SPY (in recent times) and it feels pathetic. +Hey guys, this isn't a dig at anyone, I just want to clarify a few inaccuracies about atobitt's new post - some have tried mentioning in the comments of the post itself but they got buried, and I don't think atobitt saw. I'm also not disagreeing with the idea of Bofa becoming insolvent. + +&#x200B; + +1. **The 1 trillion in high quality capital requirement isn't for individual banks**, it is a *1 trillion pool of money that all banks contribute funds to*. The minimum capital requirement stands at 4.5%, the stress capital buffer at least at 2.5%, and if applicable, the C-SIBs at least at 1.0% [Source.](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20210805a.htm) For more details there is [this thread](https://www.reddit.com/r/Superstonk/comments/q1csrw/banks_dont_need_1_trillion_cash_bankings/?utm_medium=android_app&utm_source=share). +2. **The 75% likelihood of insolvency figure attributed to BofA is also false. Here it says it's actually** [less than 49%](https://www.macroaxis.com/invest/ratio/BAC/Probability-Of-Bankruptcy)**.** The 75% figure was seemingly to do with the ticker BAC-PD and not BAC itself. +3. One of the sources atobitt used ([here](https://franknez.com/bank-of-america-has-been-illegally-shorting-amc-stock/)) is from a site called [franknez.com](https://franknez.com), which is an amateur blog, which seems quite bias to me: + +[franknez.com homepage screenshot](https://preview.redd.it/clohr4kmujr71.png?width=731&format=png&auto=webp&s=b0d9bd5bc7cc84ee26192b7d65f8ea97630aa1bc) + +Be careful to take everything on board as fact apes. Again, no issue with atobitt, I like him. I just wanted to correct some errors in the post since it gained so much traction. + +&#x200B; + +**DRS. DRS. DRS. Not financial advice.** +A lot of people don’t believe that trading can be treated as a business, and they just think its gambling. + +Even if you show them your profits, they still don’t believe in it. + +Do you tell your coworkers, family, or friends that you’re trading? If so, how do you respond to the negative feedback? +What is Saint Inu all about: + +Saint Inu is a meme token that was created to revolutionize the way we think about charity in the crypto space. The project is focused on building a robust charity and gaming platform that is the first of its kind- utilizing both P2D (Play to Donate) as well as P2E (Play to Earn). + +How was the Saint Inu token launched? + +Saint Inu was stealth-launched in early November of 2021. The project had no pre-mine and was launched with only word of mouth advertising. + +What are the “Tokenomics” of Saint Inu? + +Saint Inu utilizes a taxation system on each transaction to fund the charity-portion of the project, provide incentive to holders, as well as fund the marketing and development. Below is the current tax rate and allocation per transaction. + +Buys: + +2% goes to Saint Inu holders +0.5% goes to Marketing +0.5% goes to Development +1% goes to Charity + +Sells*: +2% goes to Saint Inu Holders +3% goes to Marketing +2% goes to Development +3% goes to Charity + +*Sell transaction tax will be reduced once larger Market Cap goals are achieved. + + +Why choose Saint Inu over other projects? + +🔐 Unruggable- 90% of Liquidity is locked for 1 year +📈 Remaining 10% of liquidity reserved for future CEX listings +✅ Audited by Solid Group and onboarding with CertiK +🏦 Tokenomics that allow for viral growth of the project and donations for charity +🚀 No presale / Stealth Launched +💰 Over $250K donated to charities within the first two weeks of project implementation + + +Useful information Links: +🐶 [Website](https://saintinu.com/) +🐥 [Twitter](https://twitter.com/Saint_Inu) +📱 [Telegram](https://t.me/saintinuofficial) +🎥 [Interview with Wendy O (129K Subscribers)](https://youtu.be/SVLfQK-WTBw) +I've learned something the hard way, figured I'd share. + +We used to be a company of about 80 people. I was there since they were 12 and helped grow the company. I was on £47K two years ago when we hit a major blow and had to dramatically reduce costs. The team that I worked with was 4 people, all earning in the £45-50K region. + +The company went down from 80 people to 20 within a few months. We were told that they'll only keep one of us, and that person has to take a significant cut to salary as well. The other three gave their notices and went to work elsewhere. + +Me, in my loyalty to the company, decided to stay and "rebuild". I accepted to go down to £37K for one year until we're in a better situation and I worked very hard. After a year things were good, we began hiring again and I asked to be placed back to my old salary which was refused. I was given a "well-deserved raise" to £40K according to the owner. + +Towards the end of 2018, I asked to be placed on £50K. They offered me £45K and cited that they can't afford £50K right now as we're expanding the team and must keep to the budget. + +One of the former co-workers who left applied for his old job back, and told us that he was making £50K and expects £52.5K. They gave him an offer of £52.5K in early January. + +I asked for the same £52.5K, was turned down citing "new hires take precedent over existing employees when it comes to salaries". + +So yeah, I stayed and when everyone else left, took the salary cut, worked 12 hours a day and some weekends too for this company and this is what I got from them. + +I interviewed elsewhere and received a job offer of £55K. I gave my notice last week and immediately received a counter offer of £55K. My heart isn't here anymore and I'll be leaving from March. I should have left two years ago. + +My parents have the option to cancel their life term policy and cash out $75K. + +If my father passed away, their would be a $225K payout. + +The policy costs them $148/month. + +They would use the $75k to pay off two cars($16k total) and help pay for mine and my brother’s weddings ($3k each). + +They’re thinking they don’t need the policy anymore because they do not have any young child dependents anymore but my mom, who works part time. + +They have about a $750K net worth with $350k from the house that they own. + +My parents are 65(dad) and 59(mom) + +Should they cancel their policy? + +Edit: not a term life policy. It is a whole life policy +Listen everyone. People have been hyping today for weeks. I know we say no dates and for good reason. Personally I will hold and love the stock no matter what happens today. + +But the amount of FUD and shill attacks in the last few days, and the whole shit with the mods is all very coincidental, especially on the eve of the day we have been hyping. + +Its intentional! Theyre trying to cause confusion and doubt. Right before they attack us on the day we *think* is going to have some announcement. Even tho the head of blockchain pretty much said it'll be ready when its ready. + +Point is, go into today like any other day. They will probably try to hit us hard. Theyre getting desperate. They want to break us. Stay strong. + +Edit: they're trying really hard to push it under $177 + +Edit2: thar she blows.... Oh no, down $5, whatever are we going to do?.... + +Edit3: BOOM + +Edit4: looks like my morning poop prediction came true. Keep holding! + +Also another random thought. If GME hits $200 today we get to look forward to another massive attack... in u/Rick_of_Spades butt + +Edit5: damn I left for an hour, just checked the ticker, wut happened? They REEEEALLY want it down today + +Edit6: oh baby, last 15 mins they're hitting it hard + +Edit7: damn, hittin after hours hard too. Desperate last stand? + +Edit8: And I would hold GME for love, + +I'd run right into hell and back + +I would hold GME for love, + +I'll never fud to you and that's a fact + + +But I'll never forget the way shills feel right now, + +Oh no, no way. + +And I would hold GME for love, + +But I won't sell low + +No I won't sell low +Hello Apes, I've compiled the latest insider and institutional ownership data for Q1 2021. TL;DR is at the end. + +# Shares Outstanding + +GameStop had 70,031,650 shares outstanding as of 1Apr2021 and currently has 73,531,650 shares outstanding after their 3.5 M share ATM offering. We will use the 73,531,650 number for this calculation. + +https://preview.redd.it/brdo2tnmyqz61.png?width=996&format=png&auto=webp&s=f7d9d103b83289deb3fb2ed2ec211eede00c9a6a + +# Insider Ownership + +I compiled the 'Form 4' filings from all GameStop insiders. Insider ownership is 11,416,297 to 12,318,561 shares (15.5 - 16.8% of shares outstanding). It's likely that Jim Bell and Frank Hamlin sold their shares after they left GameStop. And since they are no longer insiders, they are not required to report their positions. We will use the 11,416,297 number for this calculation. + +https://preview.redd.it/ewvmu1eoyqz61.png?width=899&format=png&auto=webp&s=29619f8b6892208a7e9dd87ce90dedf2be43f5a5 + +# Institutional Ownership + +I compiled the latest SEC filings for 350+ institutions [in a separate post](https://www.reddit.com/r/Superstonk/comments/nbscy6/whale_watch_q1_2021_update/). Institutions own 26.2 M shares (35.6% of shares outstanding) as of 31Mar2021. Institutions sold 53.3 M shares in Q1 2021, and it looks like many of them paper handed during the Jan mini-squeeze. + +Insider + Institutional = (11.4 M + 26.2 M + 9.0 M) / 73.5 M shares outstanding = 63.4% + +Note: This calculation does not use the 10-20 M shares in ETF’s and mutual funds. I believe these are already counted in the institutional shares which is why Blackrock, Vanguard, State Street, and Fidelity are so high. The one exception is Fidelity where there are over 9 M shares in ETF's/mutual funds but Fidelity reported that they sold 9 M shares. That's why I have a placeholder 9 M shares in the calculation above for the top 3 Fidelity funds (FDMLX, FLPSX, FNDX) and will update when their # of shares gets updated. + +# Retail Ownership + +Many apes have posts on estimating retail ownership. Here are just ten good DD's: + +* [https://www.reddit.com/r/GME/comments/m54vpq/serious\_dd\_retail\_ownership\_using\_public\_data/](https://www.reddit.com/r/GME/comments/m54vpq/serious_dd_retail_ownership_using_public_data/) by [u/DiamondsApes](https://www.reddit.com/user/DiamondsApes/) +* [https://www.reddit.com/r/Superstonk/comments/mzuodo/final\_update\_superstonk\_users\_alone\_hold\_between/](https://www.reddit.com/r/Superstonk/comments/mzuodo/final_update_superstonk_users_alone_hold_between/) by [u/TheCaptainCog](https://www.reddit.com/user/TheCaptainCog/) +* [https://www.reddit.com/r/Superstonk/comments/myaxaw/update\_retail\_users\_own\_at\_absolute\_minimum\_138/](https://www.reddit.com/r/Superstonk/comments/myaxaw/update_retail_users_own_at_absolute_minimum_138/) by [u/TheCaptainCog](https://www.reddit.com/user/TheCaptainCog/) +* [https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated\_dd\_i\_did\_the\_math\_there\_is\_literally\_no/](https://www.reddit.com/r/Superstonk/comments/mxrdcb/updated_dd_i_did_the_math_there_is_literally_no/) by [u/InForTheSqueeze](https://www.reddit.com/user/InForTheSqueeze/) +* [https://www.reddit.com/r/Superstonk/comments/n4kwh1/we\_own\_the\_float\_or\_do\_we\_a\_statistical\_attempt/](https://www.reddit.com/r/Superstonk/comments/n4kwh1/we_own_the_float_or_do_we_a_statistical_attempt/) by [u/Phr3nic](https://www.reddit.com/user/Phr3nic/) +* [https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail\_owns\_over\_500m\_shares/](https://www.reddit.com/r/Superstonk/comments/n6zvcz/retail_owns_over_500m_shares/) by [u/catsinbranches](https://www.reddit.com/user/catsinbranches/) +* [https://www.reddit.com/r/Superstonk/comments/mwskkv/retail\_easily\_owns\_100300\_of\_the\_remaining\_float/](https://www.reddit.com/r/Superstonk/comments/mwskkv/retail_easily_owns_100300_of_the_remaining_float/) by [u/ChefLambsauce1](https://www.reddit.com/user/ChefLambsauce1/) +* [https://www.reddit.com/r/Superstonk/comments/n4w9as/fidelity\_users\_alone\_own\_the\_float/](https://www.reddit.com/r/Superstonk/comments/n4w9as/fidelity_users_alone_own_the_float/) by [u/cartifrog](https://www.reddit.com/user/cartifrog/) +* [https://www.reddit.com/r/Superstonk/comments/nb3sbf/we\_could\_own\_209\_of\_total\_outstanding\_shares\_and/](https://www.reddit.com/r/Superstonk/comments/nb3sbf/we_could_own_209_of_total_outstanding_shares_and/) by [u/sandric27](https://www.reddit.com/user/sandric27/) +* [https://www.reddit.com/r/Superstonk/comments/n8vuea/ever\_thought\_about\_how\_much\_shares\_the\_apes\_of/](https://www.reddit.com/r/Superstonk/comments/n8vuea/ever_thought_about_how_much_shares_the_apes_of/) by [u/joncohenproducer](https://www.reddit.com/user/joncohenproducer/) + +Edit: Here are some new ones: + +* [https://www.reddit.com/r/Superstonk/comments/nmv8p0/for\_the\_curious\_wondering\_how\_many\_shares\_we/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nmv8p0/for_the_curious_wondering_how_many_shares_we/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by [u/cieborg](https://www.reddit.com/user/cieborg/) +* [https://www.reddit.com/r/Superstonk/comments/nnngl6/update\_dd\_i\_did\_the\_math\_latest\_nordnet\_and/](https://www.reddit.com/r/Superstonk/comments/nnngl6/update_dd_i_did_the_math_latest_nordnet_and/) by [u/InForTheSqueeze](https://www.reddit.com/user/InForTheSqueeze/) +* [https://www.reddit.com/r/Superstonk/comments/npdoui/attention\_i\_believe\_uthebadsantas\_post\_about\_an/](https://www.reddit.com/r/Superstonk/comments/npdoui/attention_i_believe_uthebadsantas_post_about_an/) by [u/kamayatzee](https://www.reddit.com/user/kamayatzee/) + +If retail ownership is: + +* 50 M, then there are 100.1 M shares (real + synthetic), apes own 50.0% of GameStop +* 100 M, then there are 150.1 M shares (real + synthetic), apes own 66.6% of GameStop +* 150 M, then there are 200.1 M shares (real + synthetic), apes own 75.0% of GameStop +* Edit: I added an extra 3.5 M shares to the totals for GME's new share offering, it was originally based on 70 M shares. I also deleted the short interest calculation as it was causing confusion since I was doing it a different way. + +**TL;DR: Apes likely own 50+% of GameStop and we won't know how much until the proxy vote. Most whales are not in the rocket, they paper handed \~53 M shares in January. While this means that the short interest is not as high as we estimated before, it's also good news since apes control the rocket and how high it goes. We don't need to worry about whales paper handing early during the MOASS. And shorts have to get our shares if they want to cover. That's why they've spent the past 5 months running a FUD campaign against us to make us think we're powerless and small. And that's why it's very important for apes to VOTE in the shareholders meeting! Everyone's vote is needed to expose the abusive short selling. Even apes with X shares matter.** 🦧🦍🦧💪 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +As always, none of this is financial advice. I just like the stock. Do your own DD before making investment decisions. + +Data compiled from: + +* [https://news.gamestop.com/financial-information/sec-filings](https://news.gamestop.com/financial-information/sec-filings) (Insider Data) +* [https://fintel.io/so/us/gme](https://fintel.io/so/us/gme) (Institutional Data) +I don't have room in my primary for all my tools, and it seems foolish to have a storage unit (90$/mo) for all my tools and have to go back and forth. Thinking of just grabbing a van for cheap to keep and store them all. My van would be out of sight of the street so I'm thinking I could be safe with it. + +Edit: I live in a city, I can’t build a shed lol +I was looking through WealthSimple and there seem to be (not literally) hundreds of them all at various prices. How would you go about making a picking the correct one? They all seem to have similar returns over the past 5 years (following the S&P500 I would assume). +A Twitter user asked Musk, "Do you still think we're approaching a recession?" + +"Yes, but this is actually a good thing," the Tesla CEO responded. "It has been raining money on fools for too long. Some bankruptcies need to happen." + +Also, all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard," he added, referring to the increasing number of workers working from home during and after the pandemic, and potentially referencing the lax attitude as a result of checks from COVID-19 relief bills. "Rude awakening inbound!" + +Another Twitter user asked how long the recession would likely last. + +"Based on past experience, about 12 to 18 months," Musk responded. "Companies that are inherently negative cash flow (ie value destroyers) need to die, so that they stop consuming resources." + +BlackRock, the world's largest asset manager, warned this week that the Federal Reserve's move to increase interest rates to offset record inflation may trigger a recession. + +"The Fed's hawkish pivot has raised the risk that markets see rates staying in restrictive territory," BlackRock said in a research note. "The year-to-date selloff partly reflects this, yet we see no clear catalyst for a rebound. If they hike interest rates too much, they risk triggering a recession. If they tighten not enough, the risk becomes runaway inflation. It's tough to see a perfect outcome." + +There you have it folks, 12-18 months. That ain’t too bad, average down and ride it back up afterwards….unless he is wrong and it lasts 5 years. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +1. TAKE CARE OF YOUR DAMN MARGIN- when hedgies started collapsing the price, a lot of y’all had your positions closed right out from under you due to sudden margin calls that gave little time to react. Make sure your positions have not been bought with with borrowed money. Deposit whatever you need NOW. + +2. REMOVE STOP LOSSES- this does not need any more explanation after last January. + +3. GET THE HELL OUT OF ROBINHOOD- this does not need explanation after last January. Everybody saw what they did. + +4. IF BROKERS KILL THE BUY BUTTON AGAIN, DO NOT SELL. - Lot of people who fomo’ed during the run up probably had no idea about the plans RC had for GameStop or who RC even was, and simply thought this was just a huge pump and dump. They just saw CNBC saying one day GameStop was skyrocketing and jumped on, then shit their pants when the price fell. Well, we’ve had a whole year to research and analyze all about GameStop’s turnaround. GameStop’s market cap should be WAY higher than what it is right now, based on current sales. This is NOT a pump and dump. This is NOT a meme stock. This is an opportunity to get in early on the next company giant. The company will be worth a lot more in the coming years. + +5. DRS- hedgies can’t mess with your position if it’s locked up where they can’t touch it. + +That’s pretty much it. It will be interesting to see how it will go down if another run up happens, considering what we learned from last January. Lot of folks left robinhood and drs’ed and steeled their nerves and diamonded their hands for up and down movement. Hedgies pulled every dirty trick in the book last January to save themselves, and they will do it again. It won’t work this time though. We already know what they’ll do, so HODL. This stock is, at worst, a long term hold. At best, an opportunity to make millions. It’s a win-win as long as you don’t sell. Do not let them close your position or scare you into selling like last time. +Hi all, + +I have several relatives and friends who are part of Mastermind groups such as EO and YPO (and in some cases, both!) They say they get a lot out of it, particularly with the Forum/Mastermind group concept. + +However, because it's so confidential, I haven't actually heard WHAT makes it so special. Since this forum is anonymous, I want to hear from people on this sub as to what makes the Forum/Mastermind concept so special, and why people in these organisations can't seem to stop talking about it. + +P.S. If the last line comes off as too jaded, it probably is. Everytime I meet one of these relatives, it's like that joke about Harvard ("How do you know someone went to Harvard? He'll mention it in the first five minutes of him meeting you") - they just can't go one conversation without referring to Forum/those organisations. +Source: https://www.sec.gov/regulatory-actions/how-to-submit-comments + +>When multiple comments are submitted with identical or near-identical content, only the first copy of the comment received will be posted publicly, along with a **RUNNING TOTAL NUMBER** of that comment received. + +☝️ Emphasis added by me. + +It doesn't matter if *your* comment isn't original or fancy; SEC will keep a **HIGH SCORE BOARD** of similar opinions. Ie. you can **UPVOTE** what you object or agree on just by submitting a comment to SEC. Do it now! + +List: https://www.sec.gov/rules/proposed/proposedarchive/proposed2021.shtml + +One important thingy: +https://www.federalregister.gov/documents/2022/02/04/2021-27531/prohibition-against-fraud-manipulation-or-deception-in-connection-with-security-based-swaps + +Edit resources: + +https://www.reddit.com/r/Superstonk/comments/skaxc8/like_an_idiot_i_posted_this_while_everyone_was/ + +Edit 2: +>In submitting a comment, it is important to be as short as possible and provide facts and support - which is a hallmark of #Apes but I feel I have to say it anyway. It helps to avoid accusations against SEC since you are asking them to do something. + +>Source 2: https://twitter.com/LisaBraganca/status/1495030361365098498?t=LMTRc4hkPjZmPAdz5s_qbA&s=19 + + +Edit 3: + +>Think about writing to someone at the SEC who is on our side but is fighting against the entire industry and the status quo bias. Give that person the facts and evidence to get this done. Also, you can respond to comments already filed and submit contrary evidence. + +>Source 3: https://twitter.com/LisaBraganca/status/1495031076250599424?t=xyVch-6aL4XVfSGgZULurg&s=19 + +Edit 4: + +Already submitted comments can be viewed by navigating down to for example the [Proposed Rules](https://www.sec.gov/rules/proposed.shtml) page from the [How to Submit Comments](https://www.sec.gov/regulatory-actions/how-to-submit-comments) page, then looking for a link within this line under each rule: + +*Comments received are available for this proposal.* + +Edit 5: + +Since this is my 15 minutes, I'll SEO for the best [Reddit GameStop](https://www.reddit.com/r/Superstonk/) sub. +Has anyone else been thinking more lately about permanently downshifting because of an experience during the pandemic? The pandemic has really changed my perspective on the value of my time and how much my health is really worth vs. additional retirement savings. It's been really sad to see and know people that have worked their entire lives, saved millions for retirement, only to go into a nursing home and have their time cut short because of a global pandemic. + +I've been thinking a lot about this. I'm contemplating throwing away the idea of traditional retirement at 65-67 and working \~20 hours a week until I hit 70-75+ because I find it fun. I actually do love what I do (software development and data analysis) but I don't enjoy the politics of the corporate world, and I have a desire to learn outside of my niche, maybe do a Ph.D. + +We've been saving hardcore for the last 10 years, and the only debt we have left is our mortgage. If we pay that off, we can afford to downshift to part-time in about 2-3 years and have ridiculously low expenses, even with picking up our own medical insurance. We're in our mid to low 30's and we are just not interested in climbing the ladder and living on a massive retirement built around spending money. Our hobbies typically just require healthy bodies, brains, and time (i.e. gardening/playing music/dancing/working out) and it just doesn't seem like many people hit retirement age with good health in America. + +Are we crazy? Is anyone else re-evaluating their life hours, too? +Almost everyone here has at least once scratched that itch when they saw high Volatility stocks with thick ass juicy premium. It's almost too hard to avoid and we've all done it at least once. So I ask, what's that once time your weakness consumed you and you shot up on the BTH, and did it give you a great high or actively resort you to working behind a Wendy's? I'd love to hear it. +Last week Heineken upped their stake hold in United Breweries up to 61.5%. Their projection - India's beer market is a long term game. While I am positive about consumption gains for sure, I really do not know how to look at this from the government policy perspective. + +Also, going by long term investing principles - How would you evaluate the management at United Breweries until now and henceforth? +Hi there, + +I have proof if the mods/admins need it. + +I am paralyzed from the chest down due to a serious accident that I was in. I'm now a "quadriplegic" which means I have compromised hand/arm/tricep control .... and completely paralyzed from waist down. + +My life is really difficult. I've lost my friends and my girlfriend. I am desperately trying to reintegrate into society and be like anyone else. + +One positive thing out of all this is that after a lot of fighting I won a settlement of 8000$/month for as long as I remain alive. Going up about 1% per year. + +It costs me 2500$/month to survive (shelter, food, medications) + +which leaves me a significant ammount that I ought to have a good plan for. + +instead, I've just been wasting it on hookers, drugs, giving it away to people who use me for my money, and literally just pissing money away. + +My excuse was "well, I'm fucking paralyzed now. I can do whatever I want" and that logic paved the way for me to justify a lot of horrible horrible things. + +Now. I want to stop. I don't want to numb myself with drugs, booze, hookers, false-friends, bullshit. + +I want to save up so that someday I may buy my own home or condo. + +I also want to save up so that I can be in a position to donate to charities and help others. + +I also want to save up so that someday I can finance my own film and produce it. + +I just have zero idea with what I am doing with my life and my money. + +Id appreciate some advice as to what you guys would do with this money and how to best make it go as far as possible. + +thank you for taking the time to read this and I look forward to the replies. + + + + + + +**edit** Thursday/11pm: Wow. Holy shit. I posted this in the morning and went about my day and really didn't think anyone would read it. My inbox has exploded and I have over 400 messages to read in this thread. I will do my best to reply to as many as I can before I have to take a break and go get a little high. + + +<< **Edit #2** >> +-- Wow. It's amazing I got over 600 inbox messages and 80% of them involved people asking me for money. From paying off their student loans to many "startups" and "apps" that need "angel investors" -- geez, this isn't the sharktank! I was asking advice for my life. + +<<**Edit #3** >> +-- I didn't mention it to begin with... but I've managed to get myself in 50,000$ of debt. My efforts will go to paying that off ASAP and then I can commence savings. + +<< **Edit #4** >> +-- I very much agree that my MENTAL HEALTH is the best investment I can make. I am going to seek help so I can stop using drugs and vices to feel something. + +<< **Edit #5** >> +-- I just turned 29 today. March 6'th. + +<< **Edit #6** >> +-- I want to make a horror picture. I think I can write/direct the shit out of a horror movie someday. +TL/DR It's possible that Bank of America is holding the biggest bag in the Gamestop saga + +Note: This is just a theory, and I am not advocating anyone to do anything with their BofA accounts. Just some information I found and felt an obligation to share. I am not a financial advisor. + +&#x200B; + +>If you owe the bank $100 that's your problem. If you owe the bank $100 ~~million~~ billion, that's the bank's problem. -*J.Paul Getty* + +&#x200B; + +Good afternoon Apes of the world. For the past couple of weeks, I've been digging into reports, and news articles looking for evidence to connect Bank of America to the naked shorting situation and to postulate who may be holding the bag at the end of this saga. + +Now I'm still new to building DD's and if I am incorrect please forgive me and I will try my best to fix this article. If anyone has additional information to refute or support my claims they are welcome as it's the best way to find the truth. I would also like to thank [u/Alert\_Piano341](https://www.reddit.com/u/Alert_Piano341/) for their considerable help and hours of research. I won't even touch that their building is always lit up on weekends/holidays (Veterans day...really guys) and that they were one of the trading platforms that restricted trading in January. + +**Hypothesis**: Bank of America is the biggest bagholder in the Gamestop saga. + +**Supporting Evidence:** + +**The 15 Billion Dollar bank bond**. + +On April 16th Bank of America issued a $15 Billion dollar bond. Now given they had an extremely strong quarter, why would BofA need the additional collateral? + +[https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409](https://www.marketwatch.com/story/bank-of-america-tops-charts-with-15-billion-bond-deal-the-biggest-ever-from-a-bank-11618606409) + +BAC needed that 15B bond for insurance + +[https://www.foxbusiness.com/business-leaders/bank-of-america-expects-to-increase-dividend-share-buybacks-ceo-moynihan](https://www.foxbusiness.com/business-leaders/bank-of-america-expects-to-increase-dividend-share-buybacks-ceo-moynihan) + +watch this video at the 1:30 mark..... "assuming we get through the stress test...." he catches himself and is like I HAVE TO BE SUPER CONFIDANT HERE. + +**I can't find one other article or media post about the liquidity test anywhere, and here is the CEO mentioning it in an Interview....it was on his mind.** + +&#x200B; + +**The Citadel Link** + +So the MM has a special exemption that allows them to Naked short the securities for the sake of market liquidity and they classify them as "Securities sold but not yet purchased" labilities. Market Makers have been fined for naked shorting before but nothing has been done to really curb it and the fact that we have two companies with expanding balance sheets show it's being abused right now. + +Citadel specializes in Option naked shorting, and because of GME they have an ever-expanding bag of SHit. There "securities Sold but not yet purchased" went up to 57.506 B this year with 32.386B of it in Options. To recap Abbot told us the liabilities are valued at fair value, and that this will be an issue for citadel in the future. **I think it is going to be an issue for someone else as well.** + +&#x200B; + +[ Citadels Liabilities ](https://preview.redd.it/81qoys0o3c371.png?width=1849&format=png&auto=webp&s=59f520ffac6c99438bdc71bea8828f316bbe5dae) + +**Notes from the financial statement for Sussqhana and Citadel** + +&#x200B; + +[ Susqhannas note makes it perfectly clear that the assist and liability are just on paper, the clearing broker can just sell their shit when needed ](https://preview.redd.it/tlwr054q3c371.png?width=1795&format=png&auto=webp&s=00e5f2da6bc822929f8ba9256bced17c3f073183) + +Let's check what Citadel says about its Prime Broker ----> + +&#x200B; + +[ Who is holding Citadel's bag of shit? ](https://preview.redd.it/jo04yu7s3c371.png?width=924&format=png&auto=webp&s=c73e6bf6450d7cf5da415329d838cffc5fb8d463) + +&#x200B; + +[T his is also found in Citadels 2020 Annual Finacial report \\"A substantial portion of Citadels' options clearing and Financing activities are with BAML\\" ](https://preview.redd.it/cs6ttvrt3c371.png?width=444&format=png&auto=webp&s=ba2786ba9188af17b17ecb9ca7a48db6f9d7aacb) + +BAML (which stands for BANK OF AMERICA MERRIL LYNCH) or now BAC is the prime and clearing broker for 96.69% of all the net derivative assets of Citadel Securities? They are holding the 57.6 Billion Bag on Citadel Poo... 32,386 Billion of it in options, with a ton of those, are going to explode in their face or be worthless. + +**Something to consider...** + +Virtue Capital annual report + +[https://sec.report/Document/0001592386-21-000005/](https://sec.report/Document/0001592386-21-000005/) + +They could note that their payment for order FLOW more than doubled in 2020 with the rise of RH ..... + +what do you think about Citadel's Payment for order flow (Virtue is a publicly traded company so we have their expense data you will not find it for citadel) but Virtue and citadel are competitors. this article says Virtue does 9.4% while citadel does 13.4% of the market in December of 2020. so if Virtue is paying 758M for order flow in 2020 Citadel is paying at least a 1B. + +[https://outline.com/SxAFCy](https://outline.com/SxAFCy) + +https://preview.redd.it/zxiwz08z3c371.png?width=2061&format=png&auto=webp&s=893e2be704b6a4ccf04812be93199ea49c72f9a8 + +Virtue Capital payment for order flow + +then they could look at Citadel's debt (most MM don't take on debt ....because they print money, they are not supposed to have the liabilities citadels has and they may have a simple line of credit but Citadel got a direct cash infusion last year. They sell options they don't own yet (with the expectation they won't have to purchase most of them)......shit + +**The Loan** + +&#x200B; + +https://preview.redd.it/dewwxy034c371.png?width=944&format=png&auto=webp&s=d6775a98870a2faae62e4f22b0200f5ef367127b + +They issued a 1.653 billion loan to Citadel, when they also recently raised the 15 Billion for their bond. SMH + +**The New Hire?** + +A key piece of information that I came across that I thought might support our thesis was the recent hiring of Executive David Kim. David Kim was the head of equity client solutions at Bank of America and was recently hired by Citadel Securities (link below). Now, this is speculative, lets say there's a new hire named Mavid Jim, would it be possible that Jim has signed off on some terrible credit/increased risk, and jumped ship on some hidden backdoor deal? + +[https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel](https://www.efinancialcareers-canada.com/news/2021/04/david-kim-bank-of-america-citadel) + +**Look for the usual suspect** + +I speculate that Bank of America also contributed heavily to the naked short selling of the so-called meme stocks (most likely Gamestop GME and Bed Bath and Beyond BBBY, as they are the stocks their analysts mentioned). In an article as recent as 2018 its been documented that BofA has paid the most fines out of all the major players since the 2008 financial crisis. It would appear that the rules simply don't matter to them. + +[https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20](https://www.marketwatch.com/story/banks-have-been-fined-a-staggering-243-billion-since-the-financial-crisis-2018-02-20) + +https://preview.redd.it/eedc9nl84c371.png?width=730&format=png&auto=webp&s=9fed4fc37fe0cb5698b3f139fc883b03d1a0ba21 + +**The 13F Filings** + +In recent 13F filings on whalewisdom you can see that Bank of America does hold decent-sized Put positions on GME and AMC. As holding these put positions are a legal loophole way of holding a short position and resetting an FTD, I believe it's possible that they also took short positions against these meme stocks. As both organizations would benefit from colluding an aggressively short position, they could drive the price down and both mutually profit. + +[https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4\_tab\_link](https://whalewisdom.com/filer/bank-of-america-corp-de#tabform4_tab_link) + +**The recent Bank of America Q10 Quarterly report** + +I decided to do some digging and when I was looking through the cashflows on their most recent quarterly report a figure under trading and assets/liabilities I found this gem. + +The net change in cash from derivative assets/liabilities from 2020 to 2021 was a womping deficit of $53.756 Billion or a difference of $83 Billion from the prior year. That's just what is reported. I tend to believe that it's probably worse than that. + +&#x200B; + +[ Page 47 on their recent Q-10 ](https://preview.redd.it/jcvzlpcm4c371.png?width=1151&format=png&auto=webp&s=09ab13adba7b697d552f7f95ff86da2b7495ecd7) + +[https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0000070858-21-000063/0000070858-21-000063.pdf](https://investor.bankofamerica.com/regulatory-and-other-filings/all-sec-filings/content/0000070858-21-000063/0000070858-21-000063.pdf) + +**The Bullshit Push for Silver** + +Who else thought it was total bullshit when the media spewed out that Reddit was into Silver, and that it was the new Gamestop? Who on earth would benefit from crowds of people moving to purchase silver? Honestly if/when Gamestop moons everything is Gold Plated. Silver is shit. + +[https://www.cbc.ca/news/business/silver-stocks-surge-1.5895790](https://www.cbc.ca/news/business/silver-stocks-surge-1.5895790) + +[https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/](https://www.northernminer.com/fast-news/bank-of-america-sees-further-upside-potential-for-silver-in-2021/1003825311/) + +**The Roaring Kitty** + +It seems that our beloved Roaring Kitty knows something is up with Bank of America as well. In his recent Twitter post, he shows a scene from Baby Driver (A great film, check it out). It would appear there has been a Gamestop logo inserted just above a Bank of America ATM. Interesting stuff. + +[ Bank of America ATM and the GME logo ](https://preview.redd.it/f50ifldw4c371.png?width=900&format=png&auto=webp&s=53bf109cb1cffed95cffd3907d1a1a25e8c94da5) + +**The closed locations:** + +Currently, hundreds of Bank of America locations across the United States are currently closed. It was definitely sus. To my understanding, some of these locations were being boarded up due to the trial of George Floyd (RIP). This was very strange as some of these banks were being boarded up after the verdict of the trial, and it appeared no riots would happen. I understand that with the shift to mobile/online banking there is less need for physical locations, but does that facilitate about 1/5th of all locations been temporarily closed (I did a sample of several states and came across 1/5th. I wasn't about to spend a day checking all 4600 locations but I welcome someone else with more time on their hands to take a look). + +**Bank of America Analyst Shitting On GME** + +"GameStop missed EBITDA estimates, which was a big negative for Bank of America analyst Curtis Nagle. The analyst, which rates the stock at Underperform with a price target of $10, said the company missed EBITDA estimates by 66%" + +"This is not a good quarter," Chukumba said. "I will be listening to how they're going to pull a rabbit out of the hat and turn this into a viable company." + +Chukumba said [GameStop](https://www.youtube.com/watch?v=zSoA7T-XCKg&t=39s) needed "some magic beans and pixie dust" to help the company going forward. He dropped coverage of the stock in January. + +[https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20322372/gamestop-analysts-react-to-q4-earnings-company-needs-some-magic-beans-and-pixie-dus](https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20322372/gamestop-analysts-react-to-q4-earnings-company-needs-some-magic-beans-and-pixie-dus) + +**Conclusion:** Based on all the evidence provided above, I asked the question, who else could be the biggest big holder at the end of all this? If Archegos is a much smaller hedge fund and contributed to 10+ Billion dollars in losses to Credit Suesse, then I speculate that the losses from the margin calling of Citadel and Susquehanna could be magnitudes larger. If you also consider the short selling of securities from BofA itself, it is entirely possible for 100+ Billion dollars in losses. Let me know what you think. Again big shout out to [u/alert\_piano341](https://www.reddit.com/u/alert_piano341/) for their help/contributions. + +**Note**: If someone could get me some Bloomberg shots for a few of the major banks that would be great! Ideally BofA, JPM, GS please and thanks. +To confirm: ETH's long term projected inflation rate is significantly lower than BTC's. (perhaps even deflationary) + +Also a factor: the needed scarcity mechanisms (i.e. tx fee burning/sinks) for ETH to sustain as the ecosystem store of value & prevent 'free-riding' Ethereum tokens etc. + +https://www.reddit.com/r/ethereum/comments/7dgwac/opinion_an_eth_scarcity_mechanisms_implementation/ + +There's true information asymmetry here. I've seen many blatant attempts to take ambiguity & reframe it to mislead those new to crypto. +For some, it’s been a year or more. Others, months. For the most part, everyone still holding has been through the shit and the sunshine multiple times over now. Everyone still holding also has read, or is at least aware of, the extensive DD proved and disproved over the course of the past 9 months. No one is going to sell or fall for stupid tricks that try to move their money elsewhere. Those of you who are worried that people are giving up, don’t. I think it’s pretty safe to assume that the remaining apes are going to see it through until the end and beyond. Just chill and go outside. +My plan is currently to buy a property in that area (northern Miami Beach) as a primary residence, convert it to an investment property in 1-2 years. I was seriously considering putting an offer on an apartment there as I viewed it as fairly solid: beachside property, view of the water, building was old but not 1950s old, in a very upscale town, hurricane impact windows installed, HOA has cash reserves. Eventually, I decided I couldn't afford it since it would need renovation before renting it out and that put it above my budget. + +I'm sort of shook. Not only is it a tragic occurrence (a kids bunk bed hanging out in a half-torn-apart apartment is just giving me goosebumps), but I just never would've expected something like this. How does one even do research to know that this building could be at risk? + +Sources say that there was a construction site next door that was shaking the building constantly last year combined with a pre-Hurricane Andrew building design and some other factors. I'm honestly looking at every other water-side property I'm considering and wondering if any of them could be next. +Is it the ratio of smart money to retail higher higher on the sell side or the buy side going forward? I feel like by the time you see all these headlines and hysteria the smart money have already adjusted and it’s retail panicking. If we knew it was retail panicking is this a buy? + +I know the majority of all action is smart money. But it’s hard to imagine much retail investors buying the dip here still. I assume almost all buying is smart money + +I’m Not making a prediction of where the market is headed. Just that it’s harder to imagine more retailers dip buying than panicked sellers +I applied to a job that offered $85,000-$100,000 as the starting salary based on experience and education. In terms of experience, I have 18 years in the industry, 10 years experience in a similar role and 1 year experience in that specific role. In terms of education, I have a MBA and a couple other bachelor degrees. In terms of certificates or skills, I can speak two other languages other than English, in which they do business with and I also have a couple certificates that are related to the industry. + +I have had 4 interviews with them and then was offered a job. At the third interview salary was mentioned and I was asked if I knew what the starting salary was. I replied that the listed pay for the job ranged from $85,000-$100,000. At that interview they explained the range and that education and experience determined pay as its set in tiers, $85,000 as one pay tier, $92,000 another pay tier and $100,000 another so on past the starting range until top pay. + +After the fourth interview I was offered the job, but for $82,000. I emailed the HR representative and explained that was lower than the starting pay range that was discussed earlier and I asked for the $92,000 tier since I had experience and education. + +They called me to discuss it saying they recalibrated the pay structure and the pay now starts much lower than $85,000. The new base pay is $74,000 and that $82,000 is the new second tier which was given to me based on the experience and education. + +I have a friend who works for the company and he gave me advice to reach out to a specific person not in HR and let them know I am interested in the job but can’t take it at the new pay scale. + +The new pay scale means they will compensate me less than my would be peers to do the exact same job. I also know some would be peers that have far less experience and education who received an offer of $85,000. + +I know it would be unorthodox to reach out to someone other than the hiring managers, and I am really interested in working there, but I also do not want to be that under valued. Should I reach out to the specific executive my friend mentioned and discuss it with them? + +Tl;dr: employer listed one salary range, even discussed that range with me briefly at the third interview then offered something far below. + +Update: I did not take the job. Thanks everyone for your feedback. +While reading a discussion on an (ahem) HNW forum about public versus private schools, one indicator of a top area to buy in (and thus have top schools) was the proximity of a Whole Foods, a Costco, and a Lululemon store in an area. (Of course could substitute Trader Joes or other kinds of upscale stores.) + +Knowing the advances of GIS technology and API's, does anyone know if such a tool exists to examine markets? +(This is from my personal investing notes. I wanted to put it out there and see if anyone feels the same. Hopefully others are willing to contribute knowledge and observations about this very anomalous event) + +I realize that this journal entry got a bit lengthy, so I chopped it into three parts, plus a very hand-wavy speculative conclusion part. + +---- +The Pump +----- + +Mid-January 2020, articles begin pumping TSLA as Musk announces share purchases. + +_Markets Insider - Tesla short sellers have lost nearly $12 billion in just 7 weeks_ + +_Markets Insider - Tesla has yet another biggest bull on Wall Street. Here's why he thinks the stock could surge 57%._ + +_Electrek - Tesla (TSLA) gets new $800 price target based on its ability to execute_ + +Musk is no stranger to stock pumping. Last year he advertised a private share price of 420$, "funding secured", to draw in investors. It is not surprising that this time the company (or another party) has turned to media outlets to get article placement from a third party. It is frowned-upon, but not uncommon, for companies to pay journalists, through brokers, to place articles in major publications. + +At the same time, mid-January, coordinated social media and message board posts appeared hyping TSLA and urging users to buy stock. Social media posts appeared on reddit, twitter, facebook about the price of Tesla on trajectory for $1000/share. Many influential users were caught in the frenzy and spread the word. A reddit and twitter user named /u/WSBgod began buying calls in TSLA at $600+; posting his positions and urging his large follower base to do the same. Many of these social media posts were well-written, edgy and bear the hallmarks of professional copywriters. + +---- +The Dump +---- +Tesla price began to rise. Viral social media posts and positive articles created high demand for TSLA stock, driving retail investors into a frenzy. On some message boards, users were seen urging people to take credit card advances or student loans to buy Tesla stock at $600+. + +At this point, a short-term "spike" in Teslas price occured. For the purposes of discussion, we will consider $767 (the stock issue price, discussed below) at market close to be the defining price of the spike. + +This spike began on 02/03 and ended on 02/26. The stock market was open 18 days during this window. More remarkably, the closing price of TSLA was only above $767 per share on *12 days* during the window. +**Chart of the 767$ price line and the recent spike**: +https://gfycat.com/quaintslimyeuropeanpolecat + +It turns out this short stock market spike was no surprise to Tesla. Tesla and Goldman Sachs were already preparing to issue stock during this narrow period. Tesla filed an 8-K on 02/19 to issue 2.65 million new shares at $767 per share. Teslas/Goldman's "luck" allowed them to issue on one of the top ten highest dates in TSLA history. + +Social media and message board influencers sold dreams of $1500 "moon" prices to middle-class retail investors. Many of his new investors were young; drawn by the new mobile-based, zero-commision brokers such as Robinhood. These younger investors typically turn to social media for their stock research. + +Many new and inexperienced investors are unfamiliar with stock "dilution" (the concept that issuing new stock devalues existing shareholders). Some shareholders even took to message boards to praise Tesla/Goldman for issuing more shares. Tesla raked in $2.31 billion of that cash advance, student loan, and summer job money during this short period of time, by issuing new shares at the $767 price. + +While the stock issue was happening, insiders began exercising options and dumping their stock. There is nothing intrinsically wrong with insiders selling stock. However they were *very lucky* that this period happened mid-February - directly in-between earnings calls. This is one of the few timeframes outside of their blackout dates (blackout dates tend to cover most dates in the year for executives, particularly around earnings). + +Five insiders can be seen exercising (buying) options and dumping stock during the narrow 18-day February spike time frame. Amidst the insider sales there is only one insider purchase - a well-publicized stock purchase by Elon Musk himself. + +https://www.marketbeat.com/stocks/NASDAQ/TSLA/insider-trades/ + +---- +The wreckage settles +---- + +After the dump finished, the retail investor money was safely in the hands of insiders and Teslas cash reserves. Nameless large traders (known as "whales") began dumping the shares in high-volume batches, reaping the final harvest of the inflated stock price. Coincidentally, Covid-19 caused a general decrease in stock prices on the NYSE. The stock price plummeted. TSLA is now hovering around ~$400/share on 03/18, less than half the price of the all-time high where retail investors were paying upwards of $800-900 per share. + +Tesla is now $2.31 billion richer (although Tesla's high cash burn rate will incinerate this money within two quarters). Insiders at Tesla have gained hundreds of millions from their timely exit. + +On twitter and message boards, many users are depressed and downtrodden. The investment they purchased during the flurry of hype has lost its value. Many of the users who bought TSLA now joke about suicide or selling their house. Many users who got caught in the Tesla hype are silent - ashamed of their losses. Many are selling their devalued shares at a huge loss and will not return to invest in stocks for the time being. + +----- +The other kind of speculation +---- +Stock frenzys are not a new phenomenon. We can blame the media for the unrealistic moonshot expectations towards TSLA during the hype period. + +Yet, it is tough not to look at the timing of the entire event and squint: +* The company orchestrated one of its largest stock issues during a very narrow 12 day market peak window - a masterstroke in perfect timing and preparation +* The media blitz "pump" occurred despite Teslas high debt load and extremely low car production rate (400k/year). +* Institutional investors stayed put and let retail investors run in to the slaughter, chasing promises of $1000+ TSLA +* Tesla insiders dumped their stock during this period + +Sadly, the SEC has been in a deep slumber for the past two decades. With the tech industry oligopolies running amok; plus thousands of pump-and-dumps that could only be orchestrated in a now socially-interconnected world, we need their enforcement now more than ever. + +Maybe there is some mythical horn we have to blow to rouse the SEC from its slumber. Until then, we can only look at incidents like this and squint at the happenstance. I hope that people far smarter and better researched than myself will look into the Tesla spike and verify that everything is above-board. + +"Funding secured" + +----- +Edit: Counterpoints +----- + +There are a few aspects of this situation that go against my hypothesis that the price was pumped. + +* The dump occurred during the Covid-19 outbreak. It is difficult to seperate market manipulation from the general downturn during this period +* Tesla insiders still hold a large portion of TSLA stock +* Musk himself purchased stock during the spike. (This is a good point, although I don't believe the stock purchase represents a major buy, considering Musk's enormous wealth. Teslas survival is a point of personal pride to Musk. He has been known to play dirty when his reputation is threatened - he once hired a private investigator to dig up dirt on a dive instructor from Thailand that snubbed him) +* The price rose due to the short squeeze. (This is a counterargument I generally disagree with. The short interest was orders of magnitude smaller than the purchase volume that drove the price to $900+) +I am writing the FBI about XRT SI% and it's potential impacts on GME since I don't see anyone else doing shit about it. I am not the most market savvy person but I think I have enough information to know I (and all of us) am being defrauded constantly by hedge funds, market makers, authorized participants, and our brokers. + +The entire market is fraudulent when ETFs can simply be created at will in any number to shift a short position from an individual asset into a basket that isn't reported on. The market is indeed not free. + +Here is the link for anyone who wants to file a complaint. I called my local FBI office and they guided me to this website. Google "FBI internet crime" if you don't want to click the link. + +[www.ic3.gov](https://www.ic3.gov) + +&#x200B; + +https://preview.redd.it/03ilo27stuc81.png?width=1239&format=png&auto=webp&s=071034f77c284c5a79da5020407a3d3465d61a4a + +note : forgive any ignorance in the FBI complaint from my end - I figure something is better than nothing + +&#x200B; + +EDIT: I called the local FBI office and they pointed me to the internet crime group. I clarified on the call that this was a market issue and the agent reassured me this was the way. Feel free to call your local FBI office as well to see if this is indeed the way. not financial or legal advice. + +&#x200B; + +EDIT 2: We all know the FBI has been involved in false flag ops, agent provocateur activity, domestic terror planning, etc.. but please stop the binary thinking. I don't "like" the FBI, however me complaining to them IS THE ONLY ACTION I HAVE OUTSIDE OF DRS and buying ATM calls. So if your comment is "FBI lul" or whatever other not clever comment you have please save it for the anarchist or libertarian subs. + +If you play the victim you will be victimized, step up and take the action you can. Fuck or be fucked. + +&#x200B; + +EDIT 3: Never had a post with so much traction. Trolling the trolls is more fun than I ever imagined it might be.... I'd highly recommend it to anyone who hasn't tried! + +Also thanks to anyone taking what action is available to you. Good to see people sticking up for themselves in the small ways we can. + [u/SelfWealthAus](https://www.reddit.com/u/SelfWealthAus/) + +You got some explaining to do cause I wanna sell your dog stock. + +Why the fuck International Trading taking so long? + +Why is your UI/UX so bad, nobody cares about some half baked Facebook feed. + +Stake has a gorgeous and simple UI/UX just copy that. + +Are you ever going to get options trading if you do eventually get International? + +Why is the company not marketing itself toward the younger investors the would be Robinhood crowd of Australia, the website looks like what a Boomer thinks a young investor wants. You could be fucking killing it if you just found a middle ground between the currrent product, Stake and Robinhood but instead it looks like a mid 2000-s chatroom with the shit avatars. + +Please mate I have faith but wtf is going on, is this company run by boomers or what? +Pretty open ended question. I remember a lot of discussion around this a few years ago and that seems to have died down and possibly replaced by UBI as the next big poverty beater. Was the idea disproven or shown to not work? Looking for more recent discussions/answers or even examples of successes failures than seems to be out there right now. Thanks! +Some of you who were here about 2 months ago may remember I shared my comprehensive guide to ether investing for beginners. + +Post for reference: https://np.reddit.com/r/ethtrader/comments/6cn1cw/for_all_new_investors_and_investor_wannabes/ + + +At the time I created the guide, if you were following my posts, I was fired from my dev job. I made the decision at the time to take that opportunity and go in 100% to what I was doing with helping people getting into ethereum, especially as investors/hodlers, etc. + +Post for reference: https://np.reddit.com/r/ethtrader/comments/6d3kl1/a_beginning_an_end/ + + +Since then I partnered up with a business associate and we started descrypto InnerCircle. We also re-branded the beginners guide and another guide I created teaching how to safely participate in ICO Sales and Presales, added some niceties to it for total noobs to cryptocurrency in the beginners guide...so they get a quick intro into what they are even investing in, etc. + +I also removed the free guide from my ethadvisor site. While I really wanted to let the guide draw donations naturally, it didn't take, I did receive a couple small donations at the beginning to which I'm very grateful, but it hasn't proven to be a sustainable model in providing content and doing this 100% of the time. + +As I said, I made the decision to commit myself to my passion, blockchain tech and cryptocurrency investing, and do this full time because I believe in what it will become. Descrypto is not yet a profitable business ATM, but we are building something really important for the crypto-community and believe it will get to the point where it will pay the bills while we provide our best content, strategy and community to our members. + +While we continue this move to focus entirely on Descrypto InnerCircle, we are shutting ethadvisor down within a couple weeks. All our training material will be available to our members only, going forward, with the exception of the original Beginners Guide referenced above and the ICO Participation Guide. + +These will be available to anyone who is interested, at a reasonable price. You can email me (ethadvisor@gmail) or PM me if you're interested in a copy of one or both. + +I cannot express enough, how grateful I am to this community for everything you've done to help me in my own journey and for being an encouraging place that really inspired my business partner and I to launch Descrypto InnerCircle. We are spending our time nurturing our growing community there, providing strategy, ICO analysis, How Tos and more to our members and it's time to retire EthAdvisor...so again, thank you to this subreddit for being an important part of our process! + +Happy investing and trading to all! + +Sincerely, + +John Westbrook (chickenbreth aka ethadvisor) + + + +My wife and I are getting ready to embark on a one year journey across 40 countries. Below is our story of how we got to this point and why we’re doing this now. + +Since many in this community love pursuing multi-year goals and travel, I hope you find this helpful if you’re in the middle of your pursuit. + +Two years ago (age 28 then), after our trip to Asia, my wife and I decided that we wanted to travel the world for a year. + +A year before that travel conversation, I had been feeling unfulfilled at my job. I’m a creator and entrepreneur at heart, so I decided to build my own e-commerce startup to fill the void outside of my full time job. Given I’m pretty risk averse, I built my small startup on weekends, early mornings and late nights. A few months after launching my startup, I got promoted to Sr. Dir. at the corporation I worked for. Fast forward a year, and I’m getting burned out trying to lead a team and grow a small business outside of my FT career. Not to mention, I’m still not fulfilled at my full time job. + +So, we took a 2 week vacation to Asia to getaway and unwind. Once we got back home, we couldn’t stop talking about how much fun we had and that we wished we could travel for a much longer period of time. We talked about it and thought “why wait until we’re in our 60’s and retired?” + +Personally, I grew up in poverty and lived through some bad situations I won’t get into here. I’ve been working since I was 10. My mom passed away suddenly when I was 15 (she was early 40s). Her parents passed away when they were in their early 40s as well. And, my dad’s in rough shape in his early 60s...My brother (1.5 years older than me) joined the Army after high school and did a couple tours in Iraq. I constantly wondered if he’d come home...Thankfully, he did. + +*Thank you to all of you who have or are serving in the armed forces or as a first responder. + +I chose to go to college and pursue a business degree. My career has been good to me, but boy have I put in some hours... + +Long story short, it’s been a tough past 15-20 years where I’ve been going 100mph to try and be successful, create wealth and simply enjoy life. Problem is, I’ve been so focused on being successful that I’ve rarely allocated time to enjoy life. To truly live with child-like wonder without worrying about a constant income... + +Given my background, I understand that tomorrow is not guaranteed. We may not live to be 60. And, if we do, we may not have the health to travel the way we want to at that age. So, we decided now is the best time for us to take a sabbatical. + +We don’t have children and we’re still young. The world is our playground. + +With our minds set on traveling, we asked each other “what needs to be true for us to travel the world for one year?” Below was our list. + +1. Eliminate all debt. Between our student loans and vehicles, we had $100K in debt (majority student loans). +2. Fund the year-long trip with our own money, points and miles (I’m a travel hacker). +3. Have enough liquid savings to last us one year when we come back after the trip. +4. Don’t sacrifice retirement contributions or HSA while employed (last 2 years). +5. Don’t buy a home, yet. +6. Don’t have kids, yet. +7. Stay healthy and don’t get injured. + +In order to achieve 1-4 above, we sacrificed a lot of normal things. Below is what we did to payoff our debt, save and invest for retirement. + +1. Downsized into a small 1/1 apartment to cut monthly, recurring costs. Sold furniture in the process. +2. Sold my truck to free up cash to payoff some student loans. +3. With one vehicle remaining, I took public transportation to work for a year and a half. +4. Got a Costco membership and ate at home a lot. We ate out a lot less. +5. Didn’t buy any tangible goods or clothes that were not necessary. Our “wants” came as birthday or Christmas gifts. +6. Didn’t spend a lot on experiences (concerts, movies, events). +7. Cut the cord on cable tv. +8. Got a promotion and raise at FT job. +9. Sold my startup for a small amount and paid off remaining student loans. +10. Worked a few consulting jobs on the side for startups to earn more money. +11. Wife worked a lot of different part-time, temp jobs. + +Basically, we took the FIRE path and maintained a very high savings rate with a great income. + +I’m proud to say that we achieved all of our goals. And, after resigning, I’ve officially been unemployed for over a week. + +Yes, it’s a wonderful feeling to be able to spend your days doing exactly what you want. + +Now, we’re getting ready to take off on our Adventure Year in less than 2 weeks! + +I cannot explain the excitement or feeling, but I wish everyone could experience this at least once in their life. + +The last 2 years of working towards our big goal have definitely been worth it. We will pick up FIRE when we get back home. + +If there are big things you want to do that bring you joy, then set a goal, make a plan and work hard to achieve it. You will have to make some sacrifices and likely dedicate years on your journey, but it’s all worth it. + +You deserve happiness. We all do. + +EDIT: +Thank you all for the well wishes, celebrations and advice! This community is awesome. I talked to my wife and we’re very open to slowing down our travels as many of you have recommended. 40 countries is definitely a lot to try to visit in a year. We built in flexibility to our plan and are not pre-booking everything so that we can be open to new possibilities. Plus, we have tons of opportunities built in to check-in with each other on how we’re doing and if we want to change our plans along the way, such as staying in one country for a month. Again, thank you all for your advice. +The BTC that I deposited into GDAX on 11/30 has still yet to be credited to my account (tx has over 4000 confirmations). This is after having no issues with gdax for years. + +After calling, emailing, and receiving only template responses at best from Coinbase, I’m at a loss for what to do. + +If you’re considering trading, please for your own sake check out alternatives. I’m not saying Coinbase is a fraud, I’m just saying they’re spread too thin in case you actually do need to get in touch with their staff. I’ve personally moved all btc to fiat and fiat to btc to Gemini. + +edit: case ID 2652513 +[relevant blockcypher of btc tx](https://live.blockcypher.com/btc/tx/851043e1679cb8738ca39b5490da40a5dd6baefa7f4ee796dd4c666f478c4bdf/) + +edit2: WE DID IT!! Finally received a real response from support, and got my btc credited. Definitely not a coincidence, guys. Thank you all for the upvotes/help! +I'm a full time uni student who works weekends as a casual worker. I've been doing this for three years, and we're eligible for JobKeeper payments. + +My boss just made a post in our work group chat in which they explained that she will only be applying for JobKeeper payments for employees that she thinks deserves it. She says that we are apparently not grateful for the job that we have, and that it is entirely up to her discretion on who will get it, and that she will cancel the payments at any time she wants if we ever act out of line or call in sick too many times. She also says that we will only be getting them if we work enough hours that would have normally reflected a $1500 paycheque. As a full time student this obviously has put a huge amount of pressure on me. Is this allowed? As far as I know, I will be receiving the payments because I signed the form and everything already a week ago. Trying to get through university while working almost 40 hour weeks is totally insane to me. + +She's always been a crazy person but choosing to pay our lower shitty wages herself just so we can't get more free cash is just fucking ludicrous is it not? Can she really do this? +I've seen some discussion on this sub recently blaming some people that they are here only to make profit. To make quick money. "Why do you care about price going up or down if you are never selling?" and other silly arguments. + + +And let me tell you. Yes the majority here, is in it for the money. It's because we are screwed. The society is still expecting an average male to earn a lot of money and provide for their family etc. but people in their 30s have been f**d in the arse for the last 15 years or more. + + +No wage growth, no prospects in many countries, constant financial crisis that keeps hitting and hitting us from all sides, and now inflation which will melt our savings, that is if we are lucky to have any savings in the first place, education system is a joke in most countries, crippling debts, high cost of living, rents going up and up, and so on and on, I could go on forever. + + +Crypto for a lot of us is the only way out, our only way to be able to afford a house or a flat in the future. So yeah, you bet I'm in it for the money and I don't give a damn what people think. Priority number one for me is to provide for my family. + +Edit: Thank you for the rewards, please but don't spend money on me. Instead, please donate to Ukrainian charities: +https://np.reddit.com/r/ukraine/comments/tgc00n/want_to_support_ukraine_heres_a_list_of_charities/ +I am interested to hear experiences for people that fatFIREd in their late 20s or 30s and tried to retire. + +How did it go? Are you still retired now? Where did you find meaning after you left your demanding career? + +&#x200B; + +I am 31F, I guess fatFire depending on who's asking or very chubby FIRE. + +I have been a webcam entertainer for almost 8 years now and tried to "retire" a few times but it lasted only a few months. Money is not the driving factor as much as the fact that I feel a lot of guilt if I don't work and miss the validation and the feelings of accomplishment work gives me. I have been a workaholic all my life. + +The problem is that despite me going back and enjoying what I do, the career has a short shelf life and I need to find meaning in something else. + +I have dabbed into real estate and I have done ok but dealing with tenants has a lot of drawbacks that kills my joy (I have a property manager now but not looking to buy more rentals). I am frugal and prefer investing in stocks now but like keeping some real estate. + +Travel is fun but to me it's not as fun as most people make it to because it's exhausting and I don't really find meaning in traveling for longer than two weeks. + +I also have an intense feeling of guilt spending money on luxuries and I get more satisfaction from saving and investing that spending money. + +So my question to you is what did you find meaning in when you left your high paying career at a relatively young age? + +EDIT: I really appreciate everyone's replies. + +Although I haven't found my new purpose it was nice to read other people's experiences. + +It's really difficult to have these conversations with people in my circle of life because they would not understand it. + +Although I come from a very different line of work it's interesting to see how our experiences of early retirement have been so similar and how maintaining a purpose and goals is so important for your well-being and personal fulfilment. + +I like some of the suggestions in the comments on how to find my next purpose and I will be doing a lot of reflecting in the future. +I've done it. The last £500 of debt I had to pay off. I just want to share this immense emotion I have to someone. I am 31yrs old and have no savings, but I also now have no debt. + +My entire working life, every time I get paid I felt like a f*cking failure, because everything that went to my bank account went straight out. + +Throughout my life I have been living in debt. I grew up in a poor country, my father was the sole breadwinner and my mum a housewife, and we were 4 children they had to feed. I saw how humiliated my mum was every time she had to borrow from my relatives to keep us alive. I saw how my dad kept silent through it all and kept working hard, but I knew how he was disappointed in himself. They piled on credit card debt to the point they could only pay off interest every month, and as a teen I didn't understand how they could be paying so much and the total balance stayed the same for years and years. Both of my parents got scammed as well (details they didn't share with me) and they had to take personal loans for that as well. I finished my university under a scholarship and immigrated here in the UK at 24yrs old to have a better shot at life. I was earning much more, and I promised my parents I will pay off their debt and support them. For my first 5 yrs, all the savings I had left went straight to their debt. I did not know how to manage money so I also had to learn how to avoid the tempation of spending money on so many things I never experienced having when I was younger. I made a lot of mistakes as well, but 2 yrs ago I was nearly done paying off our debt. + +But then my father had a heart attack and needed an emergency heart bypass surgery. His medical bills cost around £8k. You have no clue how miserable I was, especially since I work in the NHS and I would have patients come in with a freaking heart transplant and not having to pay a single dime, the same day I had to send hundreds of pounds to pay for a night in ICU where my father was. I was back to debt. I worked and exhausted myself taking extra shifts. One night a week for the past 2 years, I would cry my heart out because the world was so unfair and I was just so exhausted. I was supporting almost all their finances while trying to keep myself alive here on my own. + +Tonight I will probably cry too, but it will be tears of joy. I have paid my last £500 and for the first time since being an adult, there is no more debt to my name. My family is debt-free. We can all finally take a deep breath and begin again. + +I have today listed all my financial goals, starting with an emergency fund. Ain’t the best to be 31 and still on the emergency fund stage, but I don’t care. I am so excited to start my real financial journey. I've been reading and learning a lot from this sub, so thank you all for the knowledge you share. I feel ready for the future and any more advice is entirely welcome. Thank you + +TLDR: my entire life I have been living in debt, I finally paid off every f*cking thing and now I can start my real journey. +Hi everyone, + +I'm having troubles deciding what to do with my money. + +I started investing in ETFs (boring S&P500 and World ETFs) in March 2020 and started with around 350€ every month. + +However, I have a bit more than 80K saved in the bank (growing every month by 1-2K) and I feel like they are wasted and could be better utilized. + +As a result, I've started increasing my investments in ETFs to around 700€ per month, but I still feel like the vast majority of my money is sitting in a 0.01% interest bank account and should instead at least be partially invested. + +I will keep at the very least 20K in cash for sure, as an emergency fund, but I'm trying to decide what would be the best investment options. + +Note that I'm in Luxembourg, so buying a property to rent is absolutely not possible because of insane prices, but on the other side there are no taxes on capital gains. That said it is likely that I would move to another country in the next few years (no target yet). + +Thanks for your help +[https://www.team-bhp.com/forum/indian-car-scene/213029-august-2019-indian-car-sales-figures-analysis.html](https://www.team-bhp.com/forum/indian-car-scene/213029-august-2019-indian-car-sales-figures-analysis.html) + +5K lesser cars sold in Aug compared to July. +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! +**Important - See edit 2 at bottom of my write up.** + +A lot of calls have been added this week on top of what was already the most stacked options week for GME by far. There are no other weeks on the board that are even close to this week. The closest, in July is barely half by volume. + +I'll give the quick rundown on calls for the smooth brained and new apes to make sure you understand. A call is an option that gives you the right to buy 100 shares at whatever the strike price is. If your call finishes ITM (In The Money) you can either exercise the call - what DFV is about to do, or sell to close at the delta between the strike call and the value of the shares. For example, we're sitting at about $160 right now, so a $150 call would be ITM for about $10 per share, or $1000. + +The important part to understand with calls is that the call sellers hedge those calls (or at least they're supposed to). What a lot of people don't understand is how that process works. The call seller(MM, or Market Maker) basically just uses the Delta of the call to determine how many shares they should buy to hedge. Delta is expressed in decimal figures. So, if the Delta is .50 the MM would hedge with 50 shares out of the 100 that are at risk if the call goes ITM. If a call is already deep ITM the Delta would be 1, so they should have the total 100 shares on hand. + +I pulled these when I started writing, they are from around 2:15 pm central time on 4/14. + +https://preview.redd.it/0uphuyxe77t61.jpg?width=1024&format=pjpg&auto=webp&s=30ca7797fa9713dc64ff9ae3e5272edc33c69975 + +If you notice above, the Delta for a 150 call is at .67. So, the MM should have 67 shares on hand at this moment to hedge. They still need to buy 33 to cover completely. But look at the $250 call. It's only at a .09. That means if that call finishes ITM the MM still needs to buy 91 shares. On most stocks the odds of the price rising that rapidly is almost none, but this is MF GME! We know how GME rolls. We may stay flat for a while then have a crazy bounce all at once. The price action today has me thinking we MIGHT be in for a treat. So anyhow, if the price starts rapidly rising those Delta numbers all rise in correlation with it. All the sudden, the MMs are scrambling trying to hedge to where the Delta tells them they should be. All this does is cause the price to rise further, raising the Delta all the way up the chain. This, my smoothbrained friends is the Gamma squeeze. Now to the fun part. + +&#x200B; + +https://preview.redd.it/9252crph77t61.jpg?width=1303&format=pjpg&auto=webp&s=8e2be0f8b8f517103c98a71fb9f2e42c48f8023c + +This is the option chain for GME. It doesn't list all of the call strikes because there are a shitload, but it does hit the major strikes. It also has a running total at each price, and the sum total at $800. Yes, that's right. There are 165,168 calls this week! There are 32,468 calls ITM right now. That represents 3,246,800 shares. The deep ITM calls should be 100% hedged, everything above $140 is about 80% hedged on average. The MMs need to buy some shares, but not a ton. + +However, what if we crank this price up to $300? At $170 the Delta is .37, so they should have 37 shares on hand per call. At $300 the Delta is only .058, so we'll call it 6 shares per call. I'm not doing all the maths, so we'll just average and say they need to buy just under 80 shares per call on average to hedge if these strikes go ITM. There are 39176 calls between $170 and $300. That's just under 3.1 million shares they would need to buy to hedge between $170 and $300, plus everything still needed to hedge below that, maybe an extra million. + +This is where it gets terrifying for the shorts AND the MM, if having to buy 4 million real shares on top of the regular trades, combined with FOMO from rapidly rising prices kicks this thing into high gear, there are an additional 87,285 calls between $300 and $800. Most of which haven't been hedged at all, they're just too far OTM. That would add over 8 million shares to the 4 they already bought. That's over 12 million shares. That's over 25% of the float. And we already own the float... + +I'm not trying to get everyone too amped up. It happens when it happens so don't be disappointed if it isn't this week. All I'm saying is if a few big investors gave this thing a little nudge, and other people caught the FOMO, the next two days could be the start of what we've all been waiting for. + +TL;DR The hedgies could be screwed with a little more pressure, but you really should read the whole thing. + +Edit: Thanks for all of the awards fellow apes! Really appreciate it and I hope this was helpful to at least show you how it works. + +**Edit 2: Hopefully this doesn't come off too tinfoil hat. I'm posting this here because this post has gotten a lot of attention and I want people to see this. I just read some other DD that talked about SI (Short Interest) rising dramatically across the broad markets. No idea if this is correct, if someone could verify that would be great. Anyhow, this caused a wrinkle in my brain to twitch. I have CNBC on in my office most days, and Jim Cramer was talking all day today about how great the big banks are doing and what a great buy they are. Wouldn't shut up about them. Now, anyone who has invested in stocks that Cramer pumps knows that they have a bad habit of losing money in the following days. It has happened to me. I've looked into it and found several writeups about how Cramer is still connected to a bunch of the Short Sellers and he pumps up stock for them, then they short at the peak he has created to make a fortune. What if today was a setup for them to short the big banks??? What do they know? I have no information whatsoever that this is happening, but holy shit that wrinkle is still quivering. Again, sorry if that is too far out there for some of you, it just felt really important to me.** + +**Thanks to** u/coyoteka **for sending me this link. Very interesting.** + +[https://www.reddit.com/r/Superstonk/comments/mr1gho/95\_short\_volume\_the\_past\_3\_days\_on\_millions\_of](https://www.reddit.com/r/Superstonk/comments/mr1gho/95_short_volume_the_past_3_days_on_millions_of) + +**Edit 3: A lot of you have been asking some really good questions about options. Since everyone is so fired up I thought I'd share another post that I wrote about a separate possible issue the MMs might have with hedging. Feel free to check it out if you want.** + +[**https://www.reddit.com/r/Superstonk/comments/mpevsm/why\_dfv\_exercising\_his\_calls\_might\_be\_bigger\_than/**](https://www.reddit.com/r/Superstonk/comments/mpevsm/why_dfv_exercising_his_calls_might_be_bigger_than/) +I wasn't sure if I was going to make a post about this or not. I had submitted a Freedom of Information Act (FOIA) request to the SEC back when details regarding the GameStop "Stock Split via Dividend" were still pretty murky. I requested from the SEC all correspondences that referenced GameStop's stock split and any details of any investigations. + +You can see the whole PDF of information they provided me here: + +[https://docdro.id/kEXFbBN](https://docdro.id/kEXFbBN) (86 pages) + +I don't want to get anyone's hopes up here. There is a whole lot of nothing going on there. + +There are many emails, phone calls and even a response from some brokers. About a dozen emails inquiring about the stock split, or making complaints against their brokers for specific reasons. One person was emailing because they didn't receive the additional shares at all. As it turns out, they sold their shares (or transferred them) before the Ex date and didn't know they weren't entitled to keep the extra shares. Ooof. + +Two or three emails went out of their way to accuse the DTCC of committing international securities fraud and one of them went as far as to provide proof of the accusations against the DTCC by linking to Superstonk and dlauer's tweets. + +In the end the SEC had it boiled down to simple canned response: + +>Thank you for contacting the U.S. Securities and Exchange Commission (SEC). The SEC's Office of Investor Education and Advocacy processes many comments from individual investors and others. We keep records of the correspondence we receive in a searchable database that SEC staff may make use of in inspections, examinations, and investigations. In addition, some of the correspondence we receive is referred to other SEC offices and divisions for their review. If they have any questions or wish to respond directly to your comments, they will contact you. +> +>As you may know, on July 6, 2022, GameStop Corp announced a 4-for-1 stock split in the form of a stock dividend, effective as of July 21, 2022, for stockholders of record on July 18, 2022. As explained at [https://www.investor.gov/introduction-investing/investing-basics/glossary/stock-split](https://www.investor.gov/introduction-investing/investing-basics/glossary/stock-split), a stock split results in an increase in the number of shares of a corporation's stock without a change in the shareholders' equity. Companies often split shares of their stock to make them more affordable to investors. Unlike issuing new shares, a stock split does not dilute the ownership interests of existing shareholders. For example, if you own 100 shares of a company that trades at $100 per share and the company declares a two-for-one stock split, you will own 200 shares at $50 per share immediately after the split. If the company pays a dividend, your dividends paid per share also will fall proportionately. +> +>As explained on the GameStop website, GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTCC for allocation to brokerage firms and other participants. Tax information related to the GameStop stock split, including the share and share price accounting, can be found at [https://news.gamestop.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8](https://news.gamestop.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8). +> +>Thank you for communicating your views. Sincerely, +> +>Office of Investor Education and Advocacy U.S. Securities and Exchange Commission + +It seems that is the extent of the investigation that the SEC intends to do regarding the Stock Split via Dividend. In their eyes, the statement made by GameStop (where they say the stock split was executed correctly) is proof that the shares were distributed and allocated correctly. +#SafeGem Finance + +SafeGem is a hyper-deflationary BSC token with real-world applications. The project's objective is to build a marketplace for precious gemstones and jewellery authentication based on the blockchain technology. + +&nbsp; + +The team has worked hard to get to the NFT stage, and they have gone a long way. The team discussed the project's business insights and progress. SafeGem is known for filling a gap in the crypto market that has a lot of promise. Furthermore, SafeGem's usecase and demand in the jewellery sector have been confirmed by leading jewellers and B2B enterprises. The team has also developed an Advisory Program through which they collaborate with other businesses to enhance their business case and usability while also forming long-term connections. + +&nbsp; + +Here's what SafeGem has achieved so far! + +• 40,000 Holders +• $2m Market Cap +• Website Rebranded +• CMC, CoinGecko, Stocktwits and other majors listings +• Advisory Program launched with participants from Jewelry industry +• First NFTs of the platform successfully minted by Devs +• NFT Contract halfway completed by Devs (which was originally planned for Q4) +• Marketing with several influencers and CryptoNews Australia + +&nbsp; + +As part of their marketing plan, they have sponsored this article at CryptoNews Australia to raise awareness about their utility and demand for their usecase https://cryptonews.com.au/safegem-token-innovative-jewelry-nfts + +#Roadmap (June - September) + +• Marketing Phase-1 (Q2 - In Progress) +• SafeGem Mobile Wallet & Crypto Education App (Q2 - In Development) +• Blockfolio listing (Q2) +• Small-Mid tier exchange listing (Q3) +• Partnership Announcements (Q3) +• Marketing Phase 2 (Q3) +• NFT Marketplace (Q3) +• Team scaling (Q3) + +#Join the Community + +BscScan: https://bscscan.com/address/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 +Website: https://safegem.finance/ +CoinMarketCap: https://coinmarketcap.com/currencies/safegem-finance/ +Telegram: https://t.me/safegemtokens +Reddit: https://reddit.com/r/SafeGemFinance +There are far too many examples of people reading something, not thinking about it, and posting it here, and it's damaging to the sub. I get it. It feels like we're in the endgame and its jacking my tits as much as the next ape, but we need to remain diligent. + +**Stop, check your facts, double check them, then post.** + +We're going to have a flood of newbies on this sub soon and I for one am going to welcome new apes and apettes with open arms. + +But people are fickle, and if they start seeing half-baked numbers like the idiot who commented about BTC has a daily volume of 54m against 19m coins in existence, or the fool who posted about the SHF going under with 211 ETH worth $211m, we're going to lose them faster than Ken Griffin can pitch a bedpost. + +It's a disservice to this sub, it's a disservice to the real DD, and it's a disservice to the curious minds out there who may be on the verge of life-changing wealth. + +Thanks for listening, fuck you and I'll see you **and** the MOASS tomorrow. + + +> [Prior to joining the SEC, he held positions as a Chief Counsel at NYSE Euronext and as an associate at the law firm of Milbank, Tweed, Hadley & McCloy LLP in New York.](https://www.sec.gov/biography/commissioner-elad-l-roisman) + +&nbsp; + +> [Milbank, 'Not a Wall Street Firm Anymore,' Takes New Name](https://www.law.com/newyorklawjournal/2019/02/21/milbank-not-a-wall-street-firm-anymore-takes-new-name/) + +&nbsp; + +> [Then, on Sept. 17, Milbank learned it had beaten out at least two competitors to be selected as counsel to the unsecured creditors committee in the Lehman Brothers bankruptcy. In a flash, 30 lawyers were put onto the assignment—a number that’s likely to double. “It’s crazy busy now,” Immergut says.](https://laterallink.com/wall-street-law-firms-face-an-uncertain-future/) + + +&nbsp; + +> [In addition, a Wall Street law firm, Milbank, Tweed, Hadley & McCloy, is being drawn into the battle. Milbank has been hired, at more than $1 million a month, to represent the creditors committee in its negotiations with Enron.](https://www.nytimes.com/2002/04/30/business/at-center-of-enron-bankruptcy-dispute-over-big-bank-creditors.html) + + +&nbsp; + +> [The firm's present name dates from 1962.[1] For decades, the firm's biggest clients were the Rockefeller family and the Chase Manhattan Bank.](https://www.wikilawschool.net/wiki/Milbank,_Tweed,_Hadley_%26_McCloy) + + +&nbsp; + + +> [The firm was responsible for the legal work on the building of Rockefeller Center, and its offices can still be found in the One Chase Manhattan Plaza building, renamed 28 Liberty in 2015.[2] After World War II the firm advised new commercial and industrial developments.[1] Milbank created hedge funds and other investment vehicles for financial clients in the 1960s, 1970s and 1980s, and capitalized on the growth of international business, finance, and technology transactions in the 1990s.](https://www.wikilawschool.net/wiki/Milbank,_Tweed,_Hadley_%26_McCloy) + +&nbsp; + +> [On Monday, E*Trade announced that it had hired Goldman Sachs to advise a newly created special committee of three independent directors tasked with evaluating the company's strategic options--including a possible sale of the company--in response to Citadel's demands. Milbank, Tweed, Hadley & McCloy global litigation practice leader Alan Stone is advising the special committee, according to a lawyer involved in the matter.](https://amlawdaily.typepad.com/amlawdaily/2011/08/milbank-davis-polk-etrade.html) + + +&nbsp; + +This is also a PDF of meeting notes from their + +> [As a law firm representing a number of clients actively involved in markets for swaps +and securities-based swaps, we appreciate the opportunity to comment on selected issues raise by +the proposed rules issued by the Commodity Futures Trading Commission (the "CFTC") and the +Securities and Exchange Commission (the "SEC," and, together with the CFTC, the +"Commissions") that define key terms used and exemptions provided for in Title VII ofthe +Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010](https://www.sec.gov/comments/s7-39-10/s73910-88.pdf) + +> ***Non-U.S. Governments and their Agencies Should be Excluded or Exempted.*** + +> The Commissions' final rules should exempt or exclude non-U.S. governments and their +agencies from the definition of "swap dealer" and "major swap participant." Many such entities +enter into interest-rate, currency and credit default swaps to manage their currency reserves and +domestic mortgage and related securities portfolios. Agencies potentially affected include +central banks, treasury ministries, export agencies and housing finance authorities. The volume +of such transactions is substantial and may well exceed the levels proposed in the Commissions' +definition of "major swap participant." + +> We do not believe that Congress intended the requirements of Title VII to apply to these +entities, many of which are active participants in the swaps markets for legitimate governmental +purposes. To require non-U.S. agencies to register with the Commissions as swap dealers and +major swap participants would produce an incongruous result and would represent both an +unwarranted extraterritorial application of U.S. law and an unacceptable intrusion on the +sovereignty of foreign nations. + +> While it may be unlikely that any non-U.S. government or any of its agencies would meet +the definition of swap dealer, they are unquestionably significant participants in the swap +markets. Under the proposed rules, they could face the prospect of registration with the +Commissions, reporting sensitive financial data to a foreign, !.~. U.S., government regulatory +authority, and business conduct rules designed for commercial entities. + + +Edit: ~~What the fuck!~~ [~~Google says Susquehanna is owned by Milbank.~~](https://imgur.com/UgZzovJ.jpg) + +[Susq Explained here](https://reddit.com/r/Superstonk/comments/rkuxnd/elad_l_roisman_is_suddenly_leaving_the_sec/hpc9e0h) + +&nbsp; + +[Susquehanna owns E-toro BTW](https://i.imgur.com/rEL1PYA.png) + + + +&nbsp; + +> [Milbank LLP acted as legal advisor to Goldman Sachs Lending Partners LLC and Citigroup Global Markets Inc.](https://www.sec.gov/Archives/edgar/data/1809987/000119312521192713/d169554dex991.htm) + +So these guys advise the Govt and the banks and Wall Street at the same time. + +&nbsp; + + +> [Milbank Represents Goldman Sachs Bank USA, Barclays Bank PLC, Citigroup Global Markets Inc. and Jefferies Finance LLC in connection with $765 Million Senior Secured Facilities for the Acquisition of CHG Healthcare Services, Inc](https://www.milbank.com/en/news/milbank-represents-goldman-sachs-bank-usa-barclays-bank-plc.html) + +&nbsp; + +> [Milbank Represents Bank of America Merrill Lynch and Morgan Stanley in WisdomTree SEC Registered IPO](https://www.milbank.com/en/news/milbank-represents-bank-of-america-merrill-lynch-and-morgan.html) + +WisdomTree [Represents $47.5B in 74 ETFs now](https://etfdb.com/etfs/issuers/wisdomtree/) + +&nbsp; + +[Doesn't the huge $ "first-lien bond purchase" = predatory lending?](https://imgur.com/o52N6H1.jpg) So these guys help the whole thing run from the legal side and have a guy on the inside of the SEC to facilitate and cover their shit? + +[Has anyone read this book by chance?](https://imgur.com/iBLr2lb.jpg) + + +&nbsp; + +[Looks like this firm is involved in questionable practices and predatory lending/vulture investing](https://imgur.com/WcSOHvw.jpg) + +Article (paywall): +https://www.nytimes.com/1997/02/28/business/milbank-tweed-is-accused-of-a-conflict.html + +&nbsp; + +Another case public traded company ($MCPIQ) gets loans, 1 year later goes bankrupt and Oaktree scoops up the remains with Milbank. + +> On September 11, 2014, Molycorp, Inc. entered into a Credit Agreement (together with all other agreements, documents and instruments executed in connection therewith, as the same may be amended, restated, supplemented or otherwise modified to date, the “Oaktree Parent Facility”) with Oaktree.  The Oaktree Parent Facility provided for, among other things, a term loan facility in an amount of up to $185.0 million, $50.167 million of which was advanced at the initial funding, and $134.833 million was subject to a delayed draw to be advanced upon the satisfaction of, among others, certain operational and financial conditions.  As of the Petition Date, the Debtors had not satisfied the conditions required to draw on the remaining $134.833 million of the Oaktree Parent Facility.  As of the Petition Date, there was approximately $52 million in aggregate principal amount of indebtedness (including $1.92 million in payable in kind interest) and including outstanding under the Oaktree Parent Facility. + +> [The interest rates applicable to the loans under the Oaktree Prepetition Facilities are currently 7.00% per annum payable in cash and 5.00% per annum payable in kind, and will remain so until June 14, 2016.  After June 14, 2016, the interest rate converts to 12.00% per annum payable in cash unless certain conditions are satisfied.(29)  During the continuance of an event of default, the loans under the Oaktree Prepetition Facilities bear interest at an additional 2% per annum.  The Oaktree Prepetition Facilities mature on September 11, 2019, with the potential for earlier springing maturity dates if the outstanding amounts under the 2016 Notes, the 2017 Notes and the 2018 Notes (each as defined below) are not reduced below certain specified dollar thresholds at specified points in time beginning in 2016.  The Oaktree Prepetition Facilities also provide that the Debtors shall not make certain prepayments of the loans prior to the fourth anniversary of the closing date and contain early payment premiums on any prepayment, repayment, payment, satisfaction (whether in whole or part), distribution, discharge...](https://www.sec.gov/Archives/edgar/data/1489137/000110465916120339/a16-11036_1ex99d1.htm) + +&nbsp; + +> [NEW YORK, April 1, 2016 /PRNewswire/ -- Capping its latest major bankruptcy assignment, Milbank, Tweed, Hadley & McCloy LLP has represented private equity investor Oaktree Capital Management LP in the successful chapter 11 reorganization of global metals and mining company Molycorp, Inc.](https://www.prnewswire.com/news-releases/milbank-represents-oaktree-capital-management-in-successful-reorganization-of-rare-earth-producer-molycorp-inc-300244830.html) + +> [Molycorp's plan of reorganization was confirmed on March 30, following a two-day hearing in U.S. Bankruptcy Court for the District of Delaware. Under terms of the plan, secured lender Oaktree, which previously provided debtor-in-possession financing to Molycorp, was granted a 92.5% equity stake in the reorganized company, comprised of surviving "neo" rare earth processing entities and related businesses.](https://www.prnewswire.com/news-releases/milbank-represents-oaktree-capital-management-in-successful-reorganization-of-rare-earth-producer-molycorp-inc-300244830.html) + +&nbsp; + +Here's another one to help HSBC shut down a cable competitor. + +> We have acted as counsel to RCN Corporation, a Delaware corporation (the “Company”), in connection with the preparation and filing by the Company and all of its wholly-owned subsidiaries (collectively, the “Guarantors”) with the Securities and Exchange Commission (the “Commission”) of a registration statement on Form S-1, No. 333-126885 (including all amendments thereto, the “Registration Statement”), for the purpose of registering under the Securities Act of 1933, as amended (the “Act”) (i) the resale by the noteholders named in the prospectus contained in the Registration Statement (the “Prospectus”) of [up to $125,000,000 aggregate principal amount of Convertible Second Lien Notes of the Company due 2012 (the “Notes”), issued under an indenture dated as of December 31, 2004 (the “Indenture”) between the Company and HSBC Bank USA, N.A., as trustee (the “Trustee”), the payment of which Notes is guaranteed by the Guarantors pursuant to the Subsidiaries Guaranty, dated as of December 21, 2004 (the “Subsidiaries Guaranty”) in favor of HSBC Bank USA, N.A., as collateral agent (the “Collateral Agent”); (ii) the resale by the holders named in the Prospectus of up to 4,968,204 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”) into which the Notes are convertible (the “Conversion Shares”) and (iii) the resale by certain affiliated stockholders named in the Prospectus of up to 7,048,205 shares of Common Stock (the “Affiliated Stockholder Shares”).](https://www.sec.gov/Archives/edgar/data/1041858/000119312505194825/dex51.htm) + + +> [NEW YORK -- RCN Corp. , which is trying to compete against cable companies by laying its own fiber network, filed for Chapter 11 bankruptcy protection as part of a restructuring agreement with its creditors.](https://www.wsj.com/articles/SB108565289093422840) + +> [The company expects the plan to reduce its debt to $480 million from $1.7 billion by giving RCN's bondholders most of the equity in the company.](https://www.wsj.com/articles/SB108565289093422840) + + +TA;DR + +The law firm he worked at represent literally every shit bank there is and some funds, they were involved in sketchy parts of Dodd-Frank allowing foreign entities to not report, they assist banks and funds in predatory lending/ vulture investing, they were involved in Enron, Lehman Brothers, represent the Rockefellers, Citadel owned 10% of ETrade and forced a sell and they showed up to represent Goldman Sachs, bankrupted a mining company in California that does rare minerals MCPIQ with Oaktree, killed a cable competitor with HSBC in 2004 and have some super questionable practices. + + +He goes to the SEC and starts cock blocking regulation *on shit they influenced when it was made.* [As seen recently.](https://www.marketwatch.com/story/secs-partisan-divide-on-display-as-republican-commissioners-object-to-gensler-plan-to-overturn-trump-era-rules-11623701634) + +> “Perhaps the absence of these rules is attributable to the regrettable decision to spend our scarce resources to undo a number of rules the Commission just adopted.” + +> Indeed, the agenda contains several proposals to revise rules adopted less than a year ago, including rules reigning in companies that provide advice on how institutional shareholders should vote on shareholder proposals, a rule mandated by the Dodd-Frank legislation that resource-extraction firms disclose payments made to foreign governments in countries where they operate and a rule that limited payments to whistleblowers that alert the SEC of wrongdoing at private companies. + +> The two complained that revisiting recently adopted rules creates uncertainty for the private sector around how long a controversial rule will remain on the books, which they said will stifle economic activity. + +&nbsp; + +The Dodd-Frank thing, they are protecting these people from reporting what they are doing. + +> Many such entities +enter into interest-rate, currency and credit default swaps to manage their currency reserves and +domestic mortgage and related securities portfolios. Agencies potentially affected include +central banks, treasury ministries, export agencies and housing finance authorities. The volume +of such transactions is substantial and may well exceed the levels proposed in the Commissions' +definition of "major swap participant." + + +Part 2: [Hester Peirce, the other dissenting Commissioner](https://www.reddit.com/r/Superstonk/comments/rl2bfw/hester_peirce_the_other_dissenting_commissioner/) her former law firm has had a retainer from Citadel, helped BNY Mellon out of a predatory dark pool situation and Goldman Sachs on the Malaysian bribery scandal *on top of lobbying and attacking Dodd-Frank....* ***that she helped write.*** +I just came across this research article about how a study in the Brazilian stock market about day trading where virtually everyone lost money. You can read the article [here](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3423101) + +The summary is as follows + +> We show that it is virtually impossible for an individual to day trade for a living, contrary to what course providers claim. We observe all individuals who began to day trade between 2013 and 2015 in the Brazilian equity futures market, the third in terms of volume in the world, and persisted for at least 300 days: 97% of them lost money, only 0.4% earned more than a bank teller (US$54 per day), and the top individual earned only US$310 per day with great risk (a standard deviation of US$2,560). Additionally, we find no evidence of learning by day trading. + +I am curious, any day traders here? What has been your experience and how long have you been trading? +i don't know anything at all about investing. friends have suggested some stock things and apps like acorns, but it's still a lot for me to understand and chance. id love little to no risk, high return on my money if possible, or some decently high interest rate savings. i saw places that are .5% but that won't be much. i also don't want to play the long have (10+years). something in 2-5 year range cash out would be ideal. i currently rent a house with car payments still but ideally i want to buy a house in a few years and more down payment is better in the end. what I'm looking for might not even exist, but I'm hoping it does. thanks for any help and suggestions. +Correction **you're** it was late. + +Need advice. + +I have a lump sum of money about $10,000 and trying to choose which of my 2 debts to pay down. + +My 2015 vehicle loan: $12,000 balance @7% for 2 yrs with gap insurance. $675/mo payment. + +Or solar loan/roof: $48,800 @5% for 20 yrs, which will re-amortize in 10 mos and take my payments from $350 to $250, and this will be my only chance to have a lump sum like this before it adjusts in 10 months. + +I'm tempted to get my vehicle paid off especially with the % rate, but 20 years will eventually put me into another car payment and being 40 I'm not expecting my income to hold steady, and don't want to be paying a high "utility" bill long after the kids are gone. + +I don't want to make it complicated with any refis. +Thanks in advance. +More information: + +For the past 6 years I’ve worked seasonal seafood jobs to supplement my income. I love the work, but it doesn’t pay enough to live off of so I live with my mom during my time off (about 3 months). I usually pick up a serving job or something. + +She’s not expected to live much longer. She owns a crappy car and a house that is valued around $200,000. If sold, the money would be split with my uncle who is our only other living relative. No life insurance policy and under $1000 in her bank account. Also has 5 cats that I don’t think I’ll be able to take care of. + +I currently don’t pay rent. I pay for utilities and such, but have never had to budget for the real world. I don’t own a car. I don’t have insurance. I have maybe $700 to my name at the moment. + +Sorry if this post is all over or in the wrong place. I’m not sure what to do with the kind of money I would receive from selling the house and I don’t know what to budget for when people die? Loose ends, etc. I think I’m just super overwhelmed right now. + +***Edit/Update: + +Thank you all so much for genuinely good information and being so kind. I’m for sure going to look into trade schools. To answer some questions: I have my GED, and no debt at all (which is nice.) My mother has aggressive stomach cancer and she lives in Florida. Home is entirely under her name legally and she wants to do the right thing by giving my uncle what he was entitled to when my grandparents passed. + +As to how I have no savings: I’ve been doing work travel programs for years and it’s never allowed me to save money or have my own shit. I’m actually currently in Alaska working at a fish processing plant. Health issues have kept me out of the military and also from hopping on a fishing boat unfortunately. + +Also am a v single lady with no significant other or siblings and few friends who also lead the same work/travel/repeat lifestyle. I’ve done mostly factory and fish work for a while, but I’ve worked all over the US at summer camps, farms, hostels and national parks. Some jobs pay well, but most pay trash and offer room and board instead. + +I want to be honest with you guys, I have no goals or dreams besides live and be not miserable? I fucked off for so long and kind of just stopped thinking about the long term because it hurt my small peanut brain. It’s always just been my mom and I doing our own shit and then hanging out for a couple months before I leave again and it’s been so awesome, but it’s definitely catching up to me now. +Even if congestion is clearing up now (only by a little), and even considering the massive amount of money Status brought in, today's SNT ICO was a complete failure. Status may have already killed their brand with the community before they even have a working product. Individuals who previously had no opinion of Status, or even had a positive opinion of Status, will now actively work to see it fail. My suggestion to Status was to refund all the ETH and try again in a few months or just take the money and run, because their entire project is DOA even if it works like magic when they get it into users' hands. They couldn't have screwed this up much more than they did. + +Civic actually has a decent solution to the problems faced by Status today: You basically must already be a confirmed user of Civic to be able to buy into the ICO. You must have sent your photo into their service and verified your identity. This ensures that Civic's ICO will go off orderly and cleanly. + +Status could have done something similar. They whitelisted pools of slack insiders and allowed them to exceed the gas limit restriction placed on outsider investors. So the whitelisted groups were able to purchase their $millions of SNT immediately upon the opening bell, whereas folks who just wanted to invest a few ETH had to hammer the network for hours and throw plenty of gas down the tubes. Now, why in the hell would Status not simply do like Civic and limit participation only to members of such whitelisted pools? They could have organized more pools and made information on how to join them available in their videos and on their contribution page. The result would have been the same, but without the network apocalypse. If you didn't sign up for one of the pools then there would be no reason to even try to buy into the ICO, just like there's no reason to try to buy into Civic tomorrow unless you're already signed up. + +Ethereum has a lot of public attention right now and policy makers are watching to see where it goes. Any more events like those of today will ensure that Ethereum is never anything more than a joke to the public at large, people who actually run away from new things at the mere mention of risk. Status' disaster of an ICO, even after being delayed by 3 days, just verified to policy makers that the developers and influencers in this market are not prepared or capable to be dealing with funds of this magnitude. + +If you are a developer with plans for an ICO, put them on hold until these matters are resolved and trust is restored. If you are a developer that has a good idea to make ICOs run more smoothly, then you should drop what you're doing and build that program and run a smooth ICO of itself as proof of concept, selling that service to other companies who want to run an ICO through you, and you will end up with more money than Vitalik. + +To the Ethereum investor community: it is time to stand up and say enough is enough, that we will boycott all ICOs that do not have a clear, proven plan that eliminates the risk of turning into a Status-level disaster. Civic, I've already mentioned, looks solid. Any team that doesn't have a plan on the level of Civic should be laughed right out of the market no matter how promising their tech looks. + +Status absolutely destroyed their brand over the course of a few hours and made Ethereum look awful right when the spotlight was on it. ETH is already crashing down to $330 as investors start to realize that this crypto and its top minds aren't yet ready for the big leagues. The negative reporting on Status tomorrow will probably drive ETH down to $250 or lower as new buyers panic sell and cash out before the next disaster strikes. Status is almost single-handedly responsible for this and ought to face the full fury of this community and the market. We simply cannot allow this to happen again. +Discussion for the day. Free discussion to discuss what your plays are and how your portfolio is doing. + +NEW SUGGESTION: Add your entry, exit and stop loss for the positions. This is a community to learn + +**Downvotes are discouraged. Be friendly.** + +**Use $SYMBOL FORMAT** ($BB or $[BB.TO](https://BB.TO)) +TSLA is up \~7% today after Musk tweeted about taking TSLA private. + +Why are investors buying into the stock on this news, if, when it goes private, they will no longer be able to sell their shares on the public market? + +Edit: + +Not sure why I'm getting downvoted, I'm a new investor, and just trying to understand the big price increase on this news + +If I've broken any sub rules please let me know and I'll fix it +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. +I recently got a job at one of the major FAANGMULA companies that puts me on the path for fatFire. Part of the compensation is a pretty large amount of RSU’s each year. I was curious what people on this path do with these stocks as it is for a pretty well performing company, but not very diversified. Part of me thinks selling a portion of it to diversify, and then keeping some is the right move. +As a follow on to that, I know that ESPP is offered and seems like an easy way to make an instant profit, but I am again concerned with having too much of my investments in one company. +What is your guys approach to this? +So for two months, 8 hours a day, he's been showing us why things had to happen at specific dates (several in January and February) and absolutely nothing has happened except him moving the goal posts to next week, some time in March etc. + +Is there no critique left among the several thousand of apes that wathes the stream and/or keep upvoting his posts? + +The critique is definitely not on his stream - today, I asked two polite but critical questions in the chat and bam! I was just blocked. I think this shows a lot - he enjoys the spotlight but if we question him, it's just silenced. But of course, I wasn't paying him for a superchat or a 99$/m subscription. + +How can this guy not follow through with all his many, many specific dates / events without people starting to go "hmmmm" after 6-9 months of daily streams? It seems not even the apes burning a lot of money on his options talk are calling it - maybe it's too embarrassing ? +ChubbyDoge 🐶 | Chubby & Cute | Got in COINGECKO in 36 hours!!! | Investors get 8% BNB Rewards from buy transactions 💴 14% from sell transactions | Join the Community Now 🔥| + +—————————————————————————————— + +Just Launched 🚀 | Don't Miss Out!! Buy Now!!! + +—————————————————————————————— + +Chubbydoge token project is led by a solid team. The team aim to encourage investors to hold their tokens by imposing extra sell penalty to sellers to award hodlers. +🦎 https://www.coingecko.com/en/coins/chubbydoge + +—————————————————————————————— + +✅ Trusted team +✅ LP locked for 1 year +✅ Nice looking dividend tracker launching today +✅ Dapps is in development +✅ Highest #bnb rewards (8% from buy transactions, 6% from sell transactions) +✅ Own swap is in development +—————————————————————————————— +BUY NOW : +🥞Buy Here : https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3699D20715C750aBa5a108bACA5c555347da034f + +—————————————————————————————— +Join Our Social Media : +🌏Website : https://www.chubbydogetoken.com/ +🌏Twitter : https://twitter.com/ChubbydogeToken +🌏Telegram : https://t.me/Chubby_Doge +https://www.barrons.com/articles/manchin-says-no-on-bidens-build-back-better-plan-51639927129 + +Sen. Joe Manchin (D., WVa.), said the $1.7 trillion Build Back Better social spending and climate change bill is a “no” as far as he is concerned. + +The centrist Democrat told Fox News Sunday he “cannot vote to continue with this peice of legislation.” The bill, which Senate Democrats had hoped to pass by Christmas, stalled last week after prolonged negotiations between Manchin and President Joe Biden. + +“I’ve tried everything humanly possible,” Manchin said Sunday. “I can’t get there.” + +The comments were certain to provoke a backlash by progressive members of the party, who wanted to bundle the social spending plan with the already enacted plan to build roads, bridges and other infrastructure to ensure its passage. + +Sen. Bernie Sanders (D., Vt.) told CNN on Sunday he would push to bring Build Back Better to a vote in the Senate, to force Manchin to explain to the public why he opposed it. “If he doesn’t have the courage to do the right thing for the working familiies of West Virginia and America, let him vote no in front of the whole world,” Sanders told CNN. + +The bill, which the House already passed, includes spending on childcare, early education, and child tax credits. It also aims to lower prescription drug prices, expand Medicare and push for investments in clean energy, among other initiatives. + +Last week, Biden conceded the Senate would likely push consideration for the bill into the new year after trying to convince Manchin to support it. Manchin has balked at the dollar amount of the spending and some provisions such as paid family leave, saying the spending would add to the deficit at a time when consumers are already paying higher prices for food, fuel and other household needs. + +“This is a no on this legislation,” Manchin said. +Yes. You read that correctly. + +If you are dumb enough to think the market has 'priced in' the bad outlook to come, how do you explain this? + +This market is a bubble, nuff said. +Hopefully it's appropriate to celebrate this here, even though I didn't manage it until over 60. Looking around the rest of the world, I feel very fortunate to be able to retire at all. A lot of people are having a rough time out there, and it makes me determined not to squander this amazing gift. Yeah, I worked hard, but so have a lot of others. + +Last week was a whirlwind of farewells, parties, happy hours and friends taking me to lunch to celebrate. I left on very good terms, and everyone was genuinely happy for me. They made it clear I was welcome to return later should things change. + +I spent a few minutes looking around my old haunts, shook hands with my boss one last time and drove home. It feels really weird right now, and I'm still getting out of the mindset that I have to finish something before Monday. I hope to never again set eyes on an Outlook calendar. + +&#x200B; + +Maybe a little dorky, but this was my retirement farewell speech for the reception at work: + +*At some point in our lives, we discover we’ve had our last summer. We don’t recognize it at the time, but a year comes along where summer is spent working, then in school, then career, and after a while summertime is just walking across a hotter parking lot at work. My last summer was 1974, with my two best friends -- playing and swimming at the lake.* + +*Today I’m restarting summertime, after a 45 year interruption.* + +&#x200B; + +So no firm plans for now, just short term. Since it's the 4th, I have an appointment with my boat, Jimmy Buffet, and a full cooler of beer. That might be my plan for the next week too! + +Let the GFYourself's begin! + +&#x200B; + +On edit: Just got back, have a warm buzz, and find that this exceptional community of kind redditors have gifted me with my very first silver AND gold. Things just couldn't be better right now. Thank you so much for adding to an already perfect day! + +I promise to try and respond to any specific questions soon, but the grill is hieating and there's still some Heineken left in the cooler. Duty calls, my friends. + +Happy 4th to everyone! +San Francisco Bay Area. Husband and I are getting a divorce and are selling the house. He's lined up an agent - a very reputable one, I will completely acknowledge. + +But the agent want to price it lower than I think we should. I know, I know - generate interest, multiple offers, etc. + +She sent over links to some of her recent sales, to highlight the over-the-asking-price. Great, and that's awesome that all of these were sold within a week. But... Well, if they sold so quickly, how do you know you are really getting as much as you could? And I'll add that she's offered a flat commission for her take (because she works with someone we know who does a lot of RE investing and so gives her a lot of business). So the way I see it, she no longer has any stake in getting a higher price, and now just wants to get the transaction done. ("Make it up in volume"). +After finally getting my first real estate investment back in March, I'm just extremely happy and blessed with how smoothly everything is going. My rental is a very inexpensive inner city rowhome. I don't know my tenant, they came with the property, all contact has been through my property manager, but I know they have young kids and this is low income housing, they are likely below the poverty level. + +I feel like dropping the December rent in half or at last a quarter. Just so they can have extra Christmas money. + +Does anyone ever do anything like this? Admittingly, this has been a good year, and if there were a bunch of expenses on the house next year, I might not be able to do it again. I don't want it to be necessarily expected. +Here, and in EVERY other investing subreddit since the recent craze. Really taking my enjoyment out of these communities when every second post is an attempted 'memeplay'. + +Give me cash flow, profits, future projects, EPS or EBITDA. Anything but these short attack approaches please. + +With new investors comes new opportunities and discussions and I love that, but it feels too many subs are falling victim to the ridiculousness of the last few weeks, I don't want that to be us. +Have you ever neglected your health on your journey to fatFIRE? How's it like? + +or + +You've been fit and healthy all throughout your journey to fatFIRE? Share some tips on how you maintain your fitness. + + +To those who've been on both ends Healthy-Unhealthy or Unhealthy-Healthy what significant difference did you experience? +Did your performance and decision making in your business/life improved as your health improved and vice versa? + + +And lastly + +What's your best investment in your health whether service or equipment? + + +Drop some wisdom below!🙏🏼 +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 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). +My dad knows a lady who claims that her mid-20s nephew makes 50k a day by day trading. She says that he started off with only 5k dollars. Is this even possible, or is she exaggerating? She says he has a Lamborghini and looks at it like a game, not worrying about his losses. She also said that he told his dad to quit his job and that he'd give him a regular income of 80k per year. She says his name is among the top 10-100 (can't remember which, but possibly the former) day traders. If she's not, this guy must be a literal genius the likes of which the world has never seen before. I'm interested in trying to talk to this guy. +Seeing how mining companies are performing wonderfully in the market, I have been following recent developments and updates on mining stocks and I am certain that copper has potential to be a bullish commodity. Copper is a major part of a lot of industries, like power and communication. + +This is why I need some insights in the copper industry. A lot of news articles I came across recently have been emphasizing the possible significant increase in copper so I thought it would be nice to put some money on it. + +What’s the best copper play right now that you can potentially invest on? +I feel like somehow this is too good to be true. I backtested it using pinescript on TradingView. Im not sure how accurate TradingView is for backtesting, but I used it on popular stocks like TSLA, GME and AMC (only after they had the initial blow up), MRNA, NVDA, etc. I can see the actual trades on the chart using 5 min and 15 min, so its not like its complete BS. + +Has anyone else backtested a strategy with returns that high? +**Edit**...thanks so much everyone. I’ve read every single reply and really appreciate everyone that’s taken the time to give me advice and/or words of support and encouragement. Thanks also to the men in my DMs telling me to try harder on my marriage 😂 + + +I’m feeling less terrified about the prospect of being free. + + + + + +—————- + + + +I live in a major English city (not London). Considering leaving my husband for various reasons not relevant here. + + +I’m looking at mortgage payment + bills + car + groceries = ~ £1,000. This would leave me with around £700-800 for the rest of the month. I have 1 child under age 5. Childcare not an issue. + + + +I’ve never been financially independent before and just want some reassurance that I’ll be okay. I used the word “survive” in the title but I don’t really just want to survive, I want to live and be happy. +I posted a DD last week about a potential partnership between Staples and Nerds On Site. + +There was varying responses on the thread. Wanted to share this release as some people questioned the "rumours" of a potential announcement and thought I had bad intentions. + +Well... the partnership was officially announced by staples this morning. Now we wait and see how Nerds capitalize on this opportunity. + +Do your own research. + +Full disclosure: I own shares of Nerds On Site. + +Announcement below: + +>Staples Canada introduces Nerds On Site for Business, an exclusive national partnership to bring IT support services to small business customers. +> +>*Exclusive program with Nerds On Site will reach 1.7 million small businesses in* *Canada* +> +>TORONTO, March 1, 2021 /CNW/ - Staples Canada, The Working and Learning Company, and Nerds On Site Inc. ("NERDS" or the "Company") (CSE: NERD) (FSE: 3NS.F) (OTCQB: NOSUF), a mobile IT solutions company servicing the small, medium enterprise (SME) marketplace in Canada and the USA, announce an exclusive partnership to launch Nerds On Site for Business, which will support SME customers with IT and cyber security services as they continue to navigate the new way of working. +> +>A trusted provider in the managed IT and cyber security space, Nerds On Site for Business can support Staples small business customers across Canada with remote and on-site solutions for everything from setting up a company's workforce to work from anywhere to managing an entire IT network. +> +>"Nerds On Site is ready to support Canadian SMEs with customized IT solutions," said Charles Regan, CEO, Nerds On Site. "We are pleased to partner with Staples Canada on Nerds On Site for Business to reach more SMEs in need of IT services during this crucial time, with a suite of curated programs and resources that will provide the support they need to successfully and securely run their businesses." +> +>With data, cyber security and managed IT services in demand more than ever before, one of the key services that Nerds On Site for Business will provide to SME customers is a no-commitment, no-obligation cyber security assessment scorecard of their business, with custom solutions to combat any findings. Properly managing and protecting business systems has become a pivotal step to remain secure in the ever-evolving digital world. +> +>"It's important that SMEs have access to the right technology and support to manage their workplace and remote workforces," said David Boone, CEO, Staples Canada. "In partnering with Nerds On Site, SMEs can turn to Staples for everything they need, not only for essential technology products, but also for IT support services to keep their businesses secure, and up and running." +> +>To learn more about Nerds On Site for Business, visit [staples.ca/SmallBusinessITSolutions](https://c212.net/c/link/?t=0&l=en&o=3080965-1&h=2228500081&u=https%3A%2F%2Fwww.staples.ca%2FSmallBusinessITSolutions&a=staples.ca%2FSmallBusinessITSolutions). +> +>**About** **Staples Canada** +Staples Canada is The Working and Learning Company. With a focus on community, inspiration and services, the company is committed to being a dynamic, inspiring partner to customers who visit its 304 locations across the country and online at [staples.ca](https://c212.net/c/link/?t=0&l=en&o=3080965-1&h=3140907712&u=https%3A%2F%2Fwww.staples.ca%2F&a=staples.ca). The company offers five co-working facilities in Toronto, Kelowna, Oakville and Ottawa under the banner [Staples Studio](https://c212.net/c/link/?t=0&l=en&o=3080965-1&h=2740079722&u=http%3A%2F%2Fstudio.staples.ca%2F&a=Staples+Studio). Since its transformation to The Working and Learning Company, Staples Canada has demonstrated a renewed commitment to small businesses and consumers, through expanded services that go beyond printing in Solutionshop, thousands of new products, tech services, special events, and informative content with the Spotlight Speaker Series and blog. A privately-owned company, Staples Canada is dedicated to helping its customers work, learn and grow. Visit [staples.ca](https://c212.net/c/link/?t=0&l=en&o=3080965-1&h=265558341&u=http%3A%2F%2Fwww.staples.ca%2F&a=staples.ca) for more information or get social with @StaplesCanada on Facebook, Twitter, Instagram and LinkedIn. +> +>**About Nerds On Site** +Nerds On Site, a company founded in 1995, specializes in providing cost effective, leading edge solutions to Small and Medium sized Enterprise (SME), serving as the complete SME IT solution specialists. Nerds On Site was established in London, Ontario with current annual revenues of approximately $10,000,000. The Company services over 12,000 clients per year with a superb 96.5% customer satisfaction rating (*more than 90,100 five-star ratings)*. NOS's business model is based on Nerds sub-contracts in Canada and a franchise model for USA expansion. +> +>Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. +> +>Forward Looking Statements - Certain information set forth in this material may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws. +> +>SOURCE Staples Canada ULC +> +>For further information: Staples Canada, Kathleen Stelmach, 905-737-1147 Ext. 578, [kathleen.stelmach@staples.ca](mailto:kathleen.stelmach@staples.ca); Nerds On Site, Charles Regan, CEO, investors.nerdsonsite.com, 1-877-778-2335, [IR@nerdsonsite.com](mailto:IR@nerdsonsite.com) +Hello everyone, + +I am a CS student from EU and I am currently deciding if I should purse a master in Computer Science in USA. + +The total price of the US master is 25-30k euros, cost of living included. The loan will be at a really low interest (1.3% to 2.5-3%) so I will probably have to give back to the bank 25k total (I will also use my savings) and I can start paying 2 years after graduation. After the graduation, I will have the possibility to get a 3 years visa and if I get an high paying job, I can easily repay it really quickly. During this 3 years I can also apply for a permanent visa 3 times (50% of being selected). If I can't find a job in 90 days after graduation I will have to come back to EU. + +Currently I have a new graduate offer for a big tech company like {FB,Uber,etc...} in {EU/UK} and I will be paid a lot if compared with the local market but my pay will be 30%-40% less than the same job in USA (cost of living included). If I join the master I will have to refuse this offer and interview again in US in 2 years for the same new graduate roles. I know I can get an internal visa but it's not guaranteed and it requires some years of work experience. If I keep the job I will probably save 30k or more in 2 years and I will have 2 more years of work experience. Almost 60k in difference in my bank account. + +Suggestion? Anyone with the same experience? Am I being too much risk adverse? Am I fool to even think about the loan and the master? How is it to live with a debt to repay after graduation? + + +TLDR: spending 30k to study in USA and hope to get a job there vs keeping my actual job and save 30k in the meantime. +With BTC going above $50K recently, I think we're about to get into another altcoin craze. This is the time when you see people making Insane profits on alts. + +There's a good tendency that most alts will pump during a bull run but there's always this one legit coin out there that doesn't get enough attention as much as it deserves. + +The essence of this post would be to bring light and attention to those Cryptos we think are undervalued and deserves to be getting much more attention than it does currently, not an attempt to pump your bags but rather creating awareness and I'll go first. + +**SYLO** + +Now I think SYLO is easily the most underrated low cap Crypto I've seen. You might wonder why if you've never heard of it before or know what it's all about. + +Sylo is an ecosystem made up of digital consumer wallet software, applications, infrastructure & developer tools to usher in a world of Smart Money. Sylo is a smart wallet application with multiple features like messaging, Crypto support, DeFi features, NFT support as well as payment options. + +You can think of the Sylo app as your regular messenger app which has metamask integrated into it which allows you to chat, call and store your assets easily on the same app. It allows you to chat in a decentralized manner while being sure that your data and private information are safe and not being sold. + +The surprising part is that SYLO has a very small market cap of $17million(at the time of writing this) and it's Listed on Kucoin, Gates, Bittrex and uniswap. + +I think anyone would agree with me that a coin with this kind of product and fundamentals should be valued higher than this. + +Now shoot me those undervalued altcoins no one is talking about. Let's go. +I was reading about HUFs and how they can help in saving taxes. +Does it make sense for a salaried individual like me? +Should one create a separate entity and transfer their assets like stocks or real estate to HUFs name to save on rental income and dividends tax, etc? +Can someone throw more light on what more benifits can someone get with HUFs +I grew up in a family that was large and poor. I have always had dental problems. I distinctly remember two of my older brothers and I going to the dentist when we got onto Medicaid and getting multiple teeth pulled. We were better off than two of my younger brothers, who had to be put under for their intensive dental work. Having gone our entire early childhood with no dental care, we had a life of dental misery ahead of us. Whenever I tell my more well-off peers about my stories from the dentist, I always get a response along the lines of "why didn't you brush your teeth?" + +Dental care isn't accessible for millions of people living in poverty, and only poor people know the shame that comes with crooked, missing, and gapped teeth in a world where neat ivory rows are the norm. + +I want to hear stories from people who have bad teeth as a result of poverty; I want to hear how it has affected you and anything else you want me to know. + +You can post below or email me at tellmeyourstory98@gmail.com + +EDIT: Thank you all so much for sharing your stories with me! ANd thank you for my first silver! + +I will put the stories shared with me on a Google Docs link, which can be found here: https://docs.google.com/document/d/1ErWgDJEOz8UX2SaEPf4aFqlCC5DP_qcT_BGeZQa_VFQ/edit?usp=sharing + +If you would like me to include your name, age, or location, just leave a comment on the Google Docs sheet with any information you want to share. + +Because I am a busy student, I will try to work on this book daily, but it will be a slow process. It will take a while to put all the stories on the Google Docs sheet, but I will try to include them all, so long as the stories are about having bad teeth as a direct result of poverty. + +I will be editing submitted stories to correct any mistakes and to add clarity, but I will do my best to preserve the original voice. +A bit of background, we are not a rich family, low-middle class, my parents are very hard working people and they are modest, when they told me they are saving money for me I thought it will be about 10,000$ which is still a lot olike f money to start your life with. + +I am cautious in general, and especially with money, and for this reason my parents decided to share with me how much they saved me over the years. + +40,000$ + +Wow. They told me they plan to give it all to me the moment I turn 18, and I will be respssonsible to managea it, they told me that it is everything they saved for me and there is no "extra" money, but if I want and I don't feel ready they can give me just some of the money now and the rest later. + +When I told them I want to keep some of it for higher-education they told me I don't have to. Because they decided that they will pay for mine and each of my siblings education (I know that Reddit assume that everyone is from the U.S. but in my country it's a lot cheaper, a bit bellow 5000$ a year to study). + +I decided I want to invest some of it, how much do you think I should? Where? Do you think I should invest at all? + +I don't know what to do, I know that just letting it rest in the bank is an option but I feel like it isn't the best option. + +Any advice? + +Edit: +I decided to join a free course in the Open university, the syllabus include basically overview of everything +(from what is a stock to mutual fund, ETF, ETN, Debentures, Elliot wave principle, local stock market and international stock markets, Value Investing, options, risk assessment, IRAs, the psychology of investing...) + +Additionally I am going to read a few books that I saw recommended in different subreddits +(The Bogleheads' Guide to Investing, The Intelligent Investor Rev Ed.: The Definitive Book on Value Investing, The Little Book of Behavioral Investing: How not to be your own worst enemy, The Little Book That Still Beats the Market, A Random Walk Down Wall Street, Loaded: Money, Psychology, and How to Get Ahead without Leaving Your Values Behind, One Up On Wall Street: How To Use What You Already Know To Make Money In The Market) + +Beside educating myself on how to be more financially adept, what else should I do? (I'm probably not going to start investing until I finish the course) +After bills, I roughly pocket about 1350 after budget. My job provides a 401k with a match of up to 7% after a year (started working here recently). Should I open a Roth IRA? What other routes could I take for accruing compound interest? +It's a small hassle to implement, but goes a long towards weeding out people who actually know what they talk about instead of just giving advice which doesn't even work for them. + +I'm guilty of the same thing. I'm not yet profitable yet I feel I can help people with advice that improved my trading. But this advice are things I believe to be true, that isn't proven to work on my own account, not really. + +If there were flairs showing clearly that someone is making money from the things they say they do - then this helps everybody ... and we'll be able to tell the difference between what profitable traders are saying vs what the rest are. + +Other subs have similar checks implemented, like r/askdocs where mods confirm if you are an actual physician or just a random redditor. People here could apply for the verified flair to mods, send proof of their yearly record and have to resend proof every year to retain their verified status. I don't think there'll be too many people who will meet this criteria. + +What do you think about this? + +Honestly, I don't see how anyone can object this would be a bad thing from a learning perspective. And if it's a big hassle for the mods, the mod team can always expand, so don't worry about them. +It's a small hassle to implement, but goes a long towards weeding out people who actually know what they talk about instead of just giving advice which doesn't even work for them. + +I'm guilty of the same thing. I'm not yet profitable yet I feel I can help people with advice that improved my trading. But this advice are things I believe to be true, that isn't proven to work on my own account, not really. + +If there were flairs showing clearly that someone is making money from the things they say they do - then this helps everybody ... and we'll be able to tell the difference between what profitable traders are saying vs what the rest are. + +Other subs have similar checks implemented, like r/askdocs where mods confirm if you are an actual physician or just a random redditor. People here could apply for the verified flair to mods, send proof of their yearly record and have to resend proof every year to retain their verified status. I don't think there'll be too many people who will meet this criteria. + +What do you think about this? + +Honestly, I don't see how anyone can object this would be a bad thing from a learning perspective. And if it's a big hassle for the mods, the mod team can always expand, so don't worry about them. +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! + +In the beginning of the pandemic I had to move back in with my family as I could no longer afford rent. I called to cancel my Anytime Fitness membership and they seemed pretty nice about it - I had to move quite a ways away and the closest Anytime Fitness location was 50 miles away. They said if I could email them proof of address change then there would be no cancellation fee since I was out of range of their facilities. + +Fast forward to now, there are hundreds of dollars in charges over the last few months. I called and they said that because of the pandemic, their charge centers were unable to process cancellations and that’s why it never went through. I have a record of me sending them the email, so I could prove the date I cancelled it. But now they are saying they won’t refund me the full amount, that they will keep another month of fees in addition to cancellation fees, which I was previously told didn’t apply due to my location. I’m kicking myself for not getting it in writing, I will definitely not be making that mistake again. + +Any help is much appreciated, as times are hard. My bank suggested I dispute the charge but I’m terrified of being sent to collections. I also had to get a replacement credit card for other reasons, so if they try and charge any more fees they won’t be able to. +[https://thecryptocurator.wordpress.com/](https://thecryptocurator.wordpress.com/) + +I actually made the site a few weeks ago just to see if it would actually be something I used. As it turns out, I do! Am I biased? Maybe. But I just know it has been helpful for me so I thought someone else may like it. Whenever I am in my crypto\-news\-consuming mode, a significant portion of my time was typically spent going from site to site. This helps decrease that travel time, at least a little bit. if you like it, use it \- share it. if not, no worries! just thought maybe i wasn't the only one getting frustrated having to go so many places. + +Also, sorry if some of it is kind of plain \- i was fairly limited on what i could do in some areas because I am too cheap to pay for the upgraded wordpress packages lol. if there is a good news site or resource or podcast or something that I forgot, let me know and I'll do my best to get it on there! \(some websites make it tough though\). Also, I'm pretty new to making websites, so if there is a feature I should add, let me know that as well. + +happy investing everyone! + +\*I also posted this in another sub or two, sorry if you are seeing it twice! +aMereMortal is back with some solid positions I'll be looking to open this week. + +**What am I doing?** + +I do technical analysis and selling cash-secured-puts 3 to 5 weeks out on stocks that are nearing key levels of support. My goal is to collect premium, but should I get assigned I have absolutely zero problem running the wheel on stocks I want to own. + +I watch over 200 stocks, I would say its 90% waiting game and 10% true technical analysis. My levels work, but it's normally because I am patiently waiting for an entry point. Yes that's a lot of tickers to watch, but I research my stocks on weekends and then monitor additional plays & levels during the weekday to see if there is an obvious setup I want to participate in. + +**Here's a few things regarding my strategy** + +**1.** I don't over-leverage with selling multiple spreads because if the stock price blows past your long strike and you assume max loss you need a lot of capital to actually be assigned the shares. For that reason I don't really see selling multiple spreads as a "Theta Gang" play and is still very high risk. If I do open a spread it will be a protective put for $1-5 just to protect myself should the company randomly announce bankruptcy.