diff --git "a/reddit_finance_43_250k_96.txt" "b/reddit_finance_43_250k_96.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_96.txt" @@ -0,0 +1,10000 @@ +**A value that truly represents the situation the company is in and not a pumped value created by the media.** + +# The BBBY September 29th Update + +A lot of disappointment, all the hype pushed for another day. However hidden in the 10Q was this little gem. + +10Q - [Source](https://bedbathandbeyond.gcs-web.com/static-files/5def01b1-cf9d-4c64-b2fe-d5c9c4edd750) + +The Company is considering liability management transactions with particular focus on the 2024 bonds. Transactions could be launched in the third quarter and could include offers to **exchange our current debt for new longer tenured debt or equity at exchange ratios related to the then-current value of the current debt**. However, the transactions could take other forms or might not be launched at all. + +# The Tweet + +&#x200B; + +https://preview.redd.it/d83y0dai9mu91.png?width=627&format=png&auto=webp&s=c7bf55352c1adf4d01fd6caa4464a007c4ea6118 + +# And Finally + +A few hours after the tweet, Bed Bath & Beyond Inc. (NASDAQ: BBBY) **today announced that it has commenced offers to exchange (the "Exchange Offers") any and all of its outstanding Senior Notes.** + +[Source](https://bedbathandbeyond.gcs-web.com/node/16511/pdf) + +***I believe this exchange will give Carl Ichan control over Bed Bath & Beyond as he will take equity in exchange for all the discounted 2024 bond he bought up.*** + +In conjunction with the exchange they are also seeking eliminate the restrictive covenants + +https://preview.redd.it/5nh2p7glamu91.png?width=922&format=png&auto=webp&s=969129ac7d142bdd8c29c42e598723585a4d295d + +# TLDR + +# Carl Ichan to buy Bed Bath and Beyond + +# Gamestop to buy BABY off Bed Bath and Beyond after Carl Ichan takes control + +&#x200B; + +EDIT 1: [**sheepwhatthe2nd**](https://www.reddit.com/user/sheepwhatthe2nd/) **- "but he might"** yes I fully agree with this. He might + +EDIT 2: I am 90% invested in GME and 10% invested in BBBY. GME is the play and always will be. + +EDIT 3: If you think this is a shill post, I will happily delete it. I will leave it for awhile longer to see if there is a general consensus + +EDIT 4: **BBBY Post S-4 Filing after hours** [Source](https://bedbathandbeyond.gcs-web.com/sec-filings/sec-filing/s-4/0001193125-22-264212) + +It pays specific attention to the ranking of the Lien's - as Carls buyout of West Point Home caused lots of controversy and law suits. Its seems this S4 is getting their ducks in a row and ensuring all bond holders know where they stand. + +You can read more about this in the section above "*How did Carl Ichan buy West Point Home?*" + +&#x200B; + +https://preview.redd.it/opfzv9l6mmu91.png?width=855&format=png&auto=webp&s=30b5b98a706f1a1fe8699663d166ca45c4aefe11 + +&#x200B; + +https://preview.redd.it/8bvuzv2gmmu91.png?width=656&format=png&auto=webp&s=797060f5e1d7b33db39eb3fc85e19f9170070bd9 + +Edit 5: The BABY Theory, also lines up with below + +1. the 2021 trademarks filed by GameStop; and [Source](https://www.trademarkia.com/company-gamestop-inc-481658-page-1-2) +2. recent updates on there website where you can search by age [Source](https://www.gamestop.com/toys-games) +3. Also the language used in the RC Ventures letter to GameStop [Source](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) and the RC Ventures letter to BBBY [Source](https://s.wsj.net/public/resources/documents/bbbletter030622.pdf) (Section 2 - Seek to Monetize the Ultimate Destination for Babies ) is the same + +&#x200B; + +[1](https://preview.redd.it/iw4zacs0omu91.png?width=1005&format=png&auto=webp&s=8aa2611107c11d5225c7490d7fc93db1f88125b3) + +&#x200B; + +[2](https://preview.redd.it/b5cj13mbomu91.png?width=1649&format=png&auto=webp&s=76f5e474056ff65b00e165eee80eec0e1bc9f8fe) + +&#x200B; + +[3](https://preview.redd.it/mjin19dcpmu91.png?width=634&format=png&auto=webp&s=d7b348b7a5d7ffd54d05d3ba8723137b11ad426a) + +&#x200B; + +[3](https://preview.redd.it/5cui4g9fpmu91.png?width=688&format=png&auto=webp&s=2a4efb50de3e976c52ddae2c4824daa13844fed2) +https://www.cnbc.com/2021/08/21/proposition-22-court-rules-california-ride-hailing-law-unconstitutional.html + +A California judge on Friday ruled that a 2020 ballot measure that exempted ride-share and food delivery drivers from a state labor law is unconstitutional as it infringed on the legislature’s power to set standards at the workplace. + +Proposition 22 is unconstitutional as “it limits the power of a future Legislature to define app-based drivers as workers subject to workers’ compensation law”, which makes the entire ballot measure “unenforceable”, Alameda County Superior Court Judge Frank Roesch wrote in the ruling. + +Gig economy companies including Uber, Lyft, Doordash and Instacart were pushing to keep drivers’ independent contractor status, albeit with additional benefits. + +The ballot measure was meant to cement app-based food delivery and ride-hail drivers’ status as independent contractors, not employees. + +Known as Proposition 22, it marked the culmination of years of legal and legislative wrangling over a business model that has introduced millions of people to the convenience of ordering food or a ride with the push of a button. +Hello everyone, + + +I am writing this post to see what is the best course of action to invest my money. +I am 30 years old female, with 25k euros in savings and I have recently moved from the UK to Romania (my home country). +I will have a 2k euros per month salary working for a big corporation, and I wouldn't need to pay rent because I live with my boyfriend who fully owns his own flat. + +With this being said, I was looking at buying with a mortgage a 1 Bedroom Flat that costs 137k euros including parking space, using my 25k saving as the down payment. This flat is a bit expensive but it's in a desirable area right at the door step of big office buildings that host big players such as Oracle, Deloitte, Packard etc. + +I was thinking that I would rent it out to people that work there, having to walk just 30 seconds to the office. But now, with Working from home, it would prove a bit difficult, meaning that I would have to pay for sure some mortgage payments out of my own pocket because I won't find a tenant that fast. + +I am also wondering if, Working from home will be the norm from now on, this probably wouldn't be that great of an investment, if! + +With this second part being said, now I wonder: Should I do something else with this money? +I do have an account with Interactive brokers where I invest 500euros per month in long term ETFs. + +If I were to put the 25k euros in an average 10% return ETF, I would make so much more money on the long run, without the fear of owning a flat that could go down in value, that the tenant could leave me with paying the mortgage etc. + +What do you people think? + +Thank you so much! +It all started last April when things crashed I bought dividend stocks and several REITS 15k worth and was making around $105 dollars a month in dividends ....but around October I knew I could get a better return and when a tech flash crash happened sold all of my dividend positions and bought big cap and small cap growth stocks ...from October till December I made 62k from that original 15 and now i have a total of 97k a couple of months later. + +I really tried the dividend way of life but it wasn’t for me ........ +rent out my basement suite to a young family and overall they have been pretty good, they have been here for almost a year. They always pay their rent in time and cause no problems. Also, I keep rent pretty low, I charge 30% below the market at least and for the most part have consider myself pretty chill. +As their lease is ending and moving to month to month I decided to do my first inspection. +The house was in ok condition, no big damages, carpets were ok (a few stains here and there). But the problem was the walls were COVERED in scribbles. In 3 out of 4 of the rooms there was something in crayon, marker, drawings, all sorts of scribbles (an armspan long or longer) + +I know it's just cosmetic, but on the inside I was pretty upset. I get that it isn't their house, but it seemed really disregarding and disrespectful to the property. I didn't say much about it other than "try to get those out". And the mom kind of just nodded. My mind says to keep ignore it and proceed as normal, but at the back of my mind it's still bugging me. + +What would some of you do/ have done in this kind of situation? +Been investing since January 2020. I started with about $75,000. Fast forward to today and my Portfolio is worth about $200,000. I had 2 lucky picks that have yielded most of the Gains. + +My portfolio was as high as $240,000 at one point, but of course, we get greedy and then ride stocks back down. But it’s sort of funny how often times, the ones we sell too early end up being the winners, and the ones we hang into end up being the losers Lolol. The struggle is real. + +The stocks that performed the best, were of course the ones that I sold too early lol. Just off the top of my head, there were 4 stocks that I sold early that went on to 10X. And of course, I have gotten stuck in many losers along the way. + +30 years old now, and while I might keep 20 or 30% for speculative picks, I think I might just switch over to 70 or 80% in a broad ETF. + +XEQT seems like it might be my best option for this, but I’d be interested in hearing any others you guys have been looking at. + +Who else out there has gone down a similar path starting as a stock picker and moved to passive income? Do you still speculate at all? Or do you just DCA everything in the broad market ? Be interested to hear some of your stories / journeys +Friday Clov, was my daily play, and I hope everyone took advantage. that said I continue to get as much as 40-50 down votes on a post. Maybe I should'nt respond in the post but that is what I do. That said this is going to be completely different. I will not recap the week's play telling people what I did because to many are saying its shill. My play's come out around 8am. Before the opening bell, my recap covers the previous day or trades that happened. Also,WSB doing loss porn and taking screen shots, laughing about losses it is not my style. I came on January 27th, I still cant even post a comment there and my intention is to get noticed by a big firm, analyst that realizes the skills I have. If the end result is you all make money great! I am not compensated for giving you all for free a play by play from a day trader's point of view. Lastly, read the contents 10 out of 10, and these are same day trades, you do not need to wait weeks, a month, years. I can also do long term plays but thats not my objective with my daily plays. + +That said, I post in 3 forums for the last 2 weeks. In that time I have gone from 0 followers to over 500... Is that good? bad? I don't really know, but thats what it is. For me to continue posting a daily play in a forum you will need to upvote my post or comments. I am not asking for a thank you, or a kudos, wow this guy is great, however I do not expect to get -40 to 50 for a post that makes people money. I have 500 followers so how can I possibly have negative points. I will let the people decide. As the CEO of Reddit said last week, the community decides what's good, what's bad. Now, this doesnt mean I won't post anymore, it means I wont post a daily play at close to 8am each day. I will post at my leisure of stocks I see fit. If you all want my old commentary, into the mind of a day trader and why I do what I do, then I expect rewards. Listen, it doesnt have to be done, and I dont cry for rewards but the people that commented are giving me negatives and they hate me mumbling, so that is what I hear/read. So if you want my thesis and ideas I need rewards. If not, I will be very succint on daily play's until Friday, then I will pull my daily plays feed on the forum that has decided for me to remove them. + +If you want to read what my previous posts were like, click my profile, follow me, read my posts, educational comments. As I said, I will not do recaps until next week. I will simply put a daily play with a very, very short reasoning, until the people speak/vote/award me. Good luck and make money/tendies! + +Today's play LDI Loan Depot + +I have been trading LDI for about a week, normally, I do not like to trade something until at least 1 earnings report, however, I have been trading this in small quantities for the past 5-7 days. The company had an absolute blowout with unbelievable growth. They were also profitable in their very first report. I traded it about 4 rounds last week (ROUND is a realized trade BUY/SELL) I have 1,000 shares at 23.20. If this dips to 22.00. I was up on Friday but not 50 cents after my buy, so this turned into a swing trade for me. My stocks have fundamentals so a swing trade isnt so bad, however market sentiment is bad here near 7am. So try and take advantage of a gap down if you decide to go in. I am in at 23.20 and buying more at 22 if it dips. + +A bonus play, if the market is very negative, we must rotate sectors and buy value plays or what the the market calls negative beta plays + +ALL (Allstate), this was a pick in the past because very low PE, amazing last earnings report of over $8 a share, but this also a defensive way if the market is very red. Trader's will look to jump in companies with dividends and have very good valuations. Remember, ALL will make between $15-20 dollars per share this year. I wrote a post highlighting it. I am in at 105.50 and 105.75. I sold some shares that I bought at 104.20 at 105. I may buy again at 103 as well if the market is red. + +Again, I am a day trader and this is my objective. Also, this is not me telling you what to do, or giving financial advice. This is the analysis of an extremely seasoned day trader. If my day trades turn into a swing trade thats fine.... why I don't trade pump and dump garbage. If your intent is to read this for information, watch my trades, or also make money that is your decision. I do not mind of course of people make money along the way. + +GOOD LUCK LETS MAKE MONEY!! +Would be interested to hear how some of you have escaped the full-time slog and managed to create a comfortable work/life balance. I'm not saying you have to have completely exited the rat race either, but I'm working full-time at the moment and doing the same thing everyday is killing me. I need flexibility & something cognitively stimulating. I'm currently looking at doing casual work, then filling in my off days either with my side business or stuff I enjoy! Trying to create some flexibility and FREEDOM!! +Every Sunday night I feel like a kid on Christmas Eve. Mornings never used to be my thing and Sundays used to scare me to death. I can finally no longer relate to the people fearing Mondays. Anybody else feel like this? + +Lets make some money this week. +When Krishna's *Auction Theory* discusses the equivalence between English and second-price auctions he says this: + +>This equivalence between the English and second-price auctions is *weak* in two senses. First, the two auctions are not strategically equivalent. + +In the footnote he defines + +>Two games are strategically equivalent if they have the same normal form except for duplicate strategies. + +I am baffled. Assuming private values, it seems to me that the two games are strategically equivalent. Not only the weakly dominant strategy is to bid one's own value (or remain in the auction until one's value is reached in the case of the English auction) but also the transfer from the winner to the seller will be the same. + +Suppose my value is 100 and the second-highest value is 50. In the second-price auction I will bid 100, the other bidder will bid 50 and I will pay 50. In the English auction, she will drop once the value reaches 50 and I will be the only remaining bidder and thus pay 50. This same line of reasoning generalizes and thus establishes the equivalence, doesn't it? + +Thanks! +I feel like I’m caught up a little bit in the common sentiment that we’re in a bubble, everything is overvalued. + +Then I think about my dad telling me about how his first house was 14% interest and it makes me wonder... + +Would I be saying back in the 80’s how it’s a bad time to invest because of interest rates- like how we can say it’s a bad time now because things are overvalued? + +Could it be that some people just make it happen under any circumstances and some people just watch no matter the circumstances? +Apes, last year 77% voted and DRS was not a thing. Why isn't it hyped more since the vorting probably started the investigation. So we need to vote again and get this going! + +This time it is going to be much easier and many europeans who drsd can vote too! + +I couldn't vote last time and it was a 77%. So let's do our job together and finish them. + +Hope you have a great day! + +DRS VOTE HODL + +&#x200B; + +Edit: IT was 77% let's get it higher this time! [https://www.reddit.com/r/Superstonk/comments/nwcz5a/gamestop\_annual\_shareholder\_voting\_historical/](https://www.reddit.com/r/Superstonk/comments/nwcz5a/gamestop_annual_shareholder_voting_historical/) + +[https://fintel.io/doc/sec-gamestop-corp-1326380-8k-2021-june-09-18787-709](https://fintel.io/doc/sec-gamestop-corp-1326380-8k-2021-june-09-18787-709) +So the time of year has come for planning tax saving. Up until now, I was only doing in PPF but for FY2021-22 am thinking for doing ELSS. I have about Rs.70,000 remaining to invest after deducting the employer EPF from 150,000 80C limit. + +While doing some research online for this, I got to know about Canara Robeco Equity Tax Saver which is quite popular and have good returns. I am thinking of putting a major chunk in this fund, but rather than putting it in only one, also thinking of a diversifying a bit. Therefore, want to know what would be the balanced allocation to ELSS funds for that 70k ? + +Thank you. +Good morning/afternoon/night depending on where you are in the world!! + +I've suddenly found myself in a position to invest 100 a month, into relatively anything but mostly into something that would provide me with a good retirement or at least easier living in my later years, I'm currently 30 so I have some time lol + +I already have a WS asscoint.but havent really used it, I don't have some money in Altcoins but I know that will never pan out lol, I'd also like maybe some.tips dividends if possible? +Any and all help is going to be appreciated!! +Please don’t attack me. Really. I’m embarrassed, struggling, and asking for sound advice. + +My husband and I married at 19. We’re 46 now. We’ve no kids. My husband’s been an RN 21 years at his hospital. I received my bachelor’s in political science in 2002. + +Here’s where I anticipate judgement: I have treatment-resistant depression. 12 years being beaten before being taken into foster care resulted in brain changes for me which I’ve struggled with my entire life. I know, *everyone* says they’re depressed these days. I get it. I’ve been taking meds and trying every form of treatment since 1988. My brain has made living…tough. + +This is a subject I’m very private about. All I can say is I’ve done my best. Never tried alcohol or drugs, didn’t have kids so I wouldn’t hurt them, dragged myself through college and have always lived frugally. + +My husband and I have an old school division of labor. I budget, pay bills, handle all business, cook, clean and run errands. He works and has no other responsibilities. This has worked for us for 28 years, with neither of us feeling we got the short end of the stick. We play to our strengths; where I’m weak, he’s strong, and vice versa. + +Here’s my problem: my husband has a disease which means he will likely need to retire within the next 5 years. I need to be able to provide for us for the rest of our lives. It feels hopeless to me. I’m a 46 year-old woman with no work history the last 28 years. I graduated Summa Cum Laude in 2002, but because that was near 20 years ago, I’m not sure my BA will get me into any master’s program today. + +I’m open to anything from trades to bachelor’s/master’s degrees. I’m reasonably smart, detail-oriented and willing to consider any type of career. Nothing’s beneath me. I’ve been out of the world for so long that I don’t know what the realistic, most cost-effective, best-paying options would be for someone in my unusual circumstance. + +I see young people venting about employers asking why they were unemployed for *one month*. I read that not having social media is a problem for employers. I’ve *never* existed on social media: not My Space, Facebook, Instagram or Twitter. Not ever. + +My husband needs me to take care of him now. He has busted his arse all his life. I have to find a career which is likely to pay well enough to keep him secure, and one that’ll realistically hire a woman my age with no work history. + +I’ve considered a master’s in social work, public health, education and accounting, but it takes so long and is so expensive now. I would consider any trade, but don’t think it’s practical to begin a physically demanding job at 50, y’know? + +I appreciate advice on how best I can provide for the kindest, most supportive person I’ve known in this life. I’m confused, humiliated, afraid and trying to find solutions. I don’t want to let him down. + +EDIT: I never anticipated the support so many would offer me. I thought I’d hear from a handful, at best. I’ve spent the last three hours responding to every single person before I noticed 76 messages. I will respond to all those messages because you’re kind enough to offer help, and I appreciate your ideas. But it’s been hours and it’s late. I’ll finish tomorrow. I’m truly moved by your compassion and grateful for your good ideas. +I don't know if those posts are coming from a place of ignorance or deceit, but the Treasury is NOT running out of money in 15 days. It may look that way because the balance in the Treasury General Account (TGA) has been on a steady decline for months, but that is because it had an unusually high balance ($1.8T instead of the typical $100-400B) and so they have been moving money into external accounts to bring it back down to a normal level. \[There were a ton of articles about this back in Feb, when the plan was announced.\] + +For those who don't know, the TGA is like the piggy bank you have at home. You keep some money in it to buy pizza and stuff, but you \[probably\] keep your serious money in a bank account. Same thing with the Treasury -- they keep some money in their piggy bank, but there's tons more held in what are basically savings accounts at various financial institutions (>$1T at this point). + +Don't get me wrong, the government still needs the debt ceiling to be renewed, but that's a separate issue that's more about maintaining a strong credit rating, than having more runway. Runway still matters some -- there are probably only a couple of months' worth of funds available -- but the credit rating is the more pressing issue. + +Edit: Thank you for the awards -- I hope they were free! + +Edit2: For apes wanting more background, here's a [historical perspective](https://www.cato.org/blog/stop-presses-or-how-fed-can-avoid-reserve-shortages-without-bulking-part-1) from the Cato Institute. Also, a brief interview from Feb describing the [drawdown](https://youtu.be/VLR0jSNByGA) and its effects on bank reserves, short term rates, etc. +The wordings a bit rough, but essentially minimum wage just went from $11.40 to $14 (In Ontario, Canada). I have a job as an Analyst in a lab, and my starting pay was $14 (before the wage went up). After 3 months, it was automatically going to be re-negotiated to $14.50 (which will be sometime this month), but now i'm wondering if I can try for something that reflects the current minimum. + + How can I go about bringing this up to my boss? How would I even word it, or argue for it? + +Edit: Hey everyone! Thank you so much for sharing your advice! I can't believe this exploaded the way it did, but I honestly appreciate each and every comment. To do a mini update, here's my plan of action : **Nothing!** + +Not in a bad sense however! I recognize this is in inopportune time for such a talk, and that my value as a worker does not necessarily reflect upon what others around me make. Rather, its a reflection of what I bring to the table, and should be compensated accordingly. Now, this beind said, staying in this job isn't my long term goals. I'll let the dust settle, garner as much experiance as I can in this field, and polish up the ol'resume to start finding a career that suits my needs and pays me the good monies. + + Its known where I work that you have to fight for every cent, which isn't really my forte, nor do I wish to do so. I'll work my way up to the next level of Analyst (Intermediate requires 2-3 years exp), and cast my net out in search of greener lands (heres looking at you big pharma), but damn if I won't be sending out resumes all the while. + +Again, thank you all for the advice! I really appreciate it, and wish y'all a happy new year! Please accept a photo of my cat, Her Ladyship, Nori, as an appeasment for the fact that I can't get around to replying to everyone : https://imgur.com/gallery/8wh4h +This post is to get us started in understanding and eventually influencing the proposed rule to place restrictions on DTCC governance. Just a nice walkthrough of what's the rule, why is it a big thing, etc. + +My previous posts on this: + +**The DTCC fighting external governance 2012-2016:** Superstonk/comments/wmhz6q/i\_started\_digging\_into\_the\_new\_dtcc\_loses\_its/?utm\_source=share&utm\_medium=web2x&context=3 + +**Hester Peirce fighting this rule right now:** Superstonk/comments/wmi4f6/hester\_peirce\_is\_mad\_about\_the\_new\_dtcc\_loses\_its/?utm\_source=share&utm\_medium=web2x&context=3 + +# TLDR + + On August 8th the SEC proposed a new rule, *"Clearing Agency Governance and Conflicts of Interest"*. This rule would force a majority of the DTCC's board to be independent and not have conflicts of interest with the corporation. Among other things it would empower us to find conflicts of interest in DTCC board members and report them to the authorities. These are good things. Curtailing the DTCC's "do whatever the fuck I want" status is a good thing. BUT, it does not go far enough. So, we can do two things: (1) we can show up in the comments and provide thousands of well-written arguments against what the DTCC wants, and (2) we can push for the rule to be strengthened. The core mission here is stop the DTCC from getting what it wants; the core mission is to make them feel our influence. \*We are here, and you don't get to do whatever you want any longer.\* + +The rule is long and complicated but we can ELIA it and then distill talking points for easy commenting. This post is the first in a series about the new DTCC rule that ratchets back its self-regulatory ability and will culminate in a post with everything you need to comment well on this rule. + +That said, this rule is big and has a lot of things in it. If we work together (apes together strong, after all), we can do a lot more. + +It is time to earn some wrinkles, my dudes. + +# What is this rule, anyway? + +The rule is called Clearing Agency Governance and Conflicts of Interest. The proposal caused a bit of a stir at first: + +https://preview.redd.it/60v3kkwexfj91.png?width=1080&format=png&auto=webp&s=1da0b34eb4218318e952046dc088f7149c089cba + +And it appears to be happening because of what happened to us: + +https://preview.redd.it/sy9q5tfbyfj91.png?width=722&format=png&auto=webp&s=fb6636f00c849a4dc04b72b4116f28be1862bcdd + +Here is the SEC's TLDR: + +https://preview.redd.it/04ye6ek5wfj91.png?width=899&format=png&auto=webp&s=954d10579f38c783f60dd5a1130d28b61868b43a + +What is a registered clearing agency, you ask? Here they are: + +&#x200B; + +https://preview.redd.it/5q9iak743gj91.png?width=615&format=png&auto=webp&s=719629c9c200b1bb1e13176ad4a0248f2c36911b + +TLDR FACT SHEET (2 pages): [https://www.sec.gov/files/34-95431-fact-sheet\_0.pdf](https://www.sec.gov/files/34-95431-fact-sheet_0.pdf) + +PRESS RELEASE: [https://www.sec.gov/news/press-release/2022-138](https://www.sec.gov/news/press-release/2022-138) + +RULE TEXT (174 pages): [https://www.sec.gov/rules/proposed/2022/34-95431.pdf](https://www.sec.gov/rules/proposed/2022/34-95431.pdf) + +&#x200B; + +This rule is a beast, so we will go through it one piece at a time. I have it printed: + +[LFG](https://preview.redd.it/ai64s4yzxfj91.png?width=582&format=png&auto=webp&s=26d6cb02d1b3e0f8fce5c894f31d1146ffd0e6d2) + +&#x200B; + +# What does this rule do, anyway? + +The rule says "you can't just put whoever you want on the board any more", and has a lot of changes to the way the organization is governed. + +The big ticket item is requiring the board to be majority independent. The other big thing is the "no more conflicts of interest" angle... we will have to figure out how many board members of the DTCC *currently* have conflicts of interest to see who would get immediately cut if this rule passes as-is. + +For any ape who wants to see which board members will get cut by this rule, here's the list... [https://www.dtcc.com/about/leadership/board](https://www.dtcc.com/about/leadership/board) + +A minimum of 34% will have to be independent, so that potentially means a lot of those people would be gone. Who will it be? Who will we report for conflicts of interest? + +&#x200B; + +**The Main Points** + +The first point seems desirable but may have a loophole in it: the majority on the board must be independent (yay!) unless... something to do with the voting rights and the shareholders of the DTCC. I don't know what these "participants" mean, so let's jot that term down for later. + +[Is a broker a participant? That doesn't seem right. Independent majority seems right.](https://preview.redd.it/vhf3qwd00gj91.png?width=793&format=png&auto=webp&s=94d8eab7e4098d92fe809cba6bebe06b9cd7b98b) + +&#x200B; + +Next, we have requirements for who gets to nominate people for the board. This seems like something we will want input about. + +[Who gets to decide who governs the DTCC?](https://preview.redd.it/85zisjih0gj91.png?width=808&format=png&auto=webp&s=0e089f85c6086d1a4773370b513402f7b48e6bcd) + +&#x200B; + +The third part of the rule is about the 'risk management committee', which must be the part that is completely fucking failing with rampant FTDs and apocalyptic systemic risk. Very relevant to GameStop. + +[What should this committee do? How should the DTCC manage its risk? I'll bet Trimbath has a few ideas.](https://preview.redd.it/0yx6ge9p0gj91.png?width=814&format=png&auto=webp&s=fe27faceb1a320081b95423de31506240c34de85) + +&#x200B; + +Fourth, we see requirements about identifying, mitigating, eliminating, and documenting conflicts of interest. There is a 100% chance the DTCC will want to write these themselves, so let's not let them do that. + +[You don't get to decide if you have a conflict of interest bro](https://preview.redd.it/eme08ghf1gj91.png?width=814&format=png&auto=webp&s=98eddb2a6f5d23b5023fc624ae52c155bf8a16f8) + +&#x200B; + +Fifth, we see policies and procedures that require directors to report potential conflicts of interest "promptly". This is a place we can insert ourselves into the process: we are good at looking up board members and finding conflicts of interest. We will want a process through which we can use our DD to burn away conflicts of interest when they inevitably arise. + +[\\"Promptly\\" is a lawyer word... the DTCC will probably want that out. ](https://preview.redd.it/lr8kooen1gj91.png?width=797&format=png&auto=webp&s=0a27f3d9752b1ea6ffb79c25bd24bb606b1ce359) + +&#x200B; + +Sixth, we have something I don't understand yet - "providers for critical services". Let's jot that down for later. Is this Citadel? + +[So many policies and procedures. Necessary but insufficient!](https://preview.redd.it/41nacm0y1gj91.png?width=776&format=png&auto=webp&s=4f66c61208dc3fc0b3f92bd08fef9452660e40af) + +&#x200B; + +And finally, we have a requirement to solicit, consider, and document the DTCC's "consideration of the views" it receives about its governance and operations. I would want a public record of problems, and I hope "other relevant stakeholders" includes "everyone who uses the markets that are at the DTCC's mercy". So let's jot that down, and see if that is what this means. If it isn't in the rule, we should put it there. + +[Are the people who get fucked by the DTCC \\"stakeholders\\"? If not... why the fuck not?!](https://preview.redd.it/313660q32gj91.png?width=776&format=png&auto=webp&s=a3cc780034286f1aae0caaddb40cc631aeefd8b7) + +# + +# The Actual Introduction + +Can you believe we aren't even at the introduction yet? LOL + +I'll save you wading through all the jibber-jabber about how great this rule is, because we have our own priorities. The first big point is, I think, when they start talking about the existing rules governing clearing agencies: + +*"...the Commission adopted a series of clearing agency governance requirements. In 2012, the Commission adopted a general governance rule for all registered clearing agencies (that are not covered clearing agencies) under Rule 17Ad-22(d). In 2016, the Commission adopted a governance rule under Rule 17Ad-22(e) as part of its heightened standards for covered clearing agencies, defined as a registered clearing agency that provides the services of a central counterparty or central securities depository.* ***The Commission took a broad, principles-based approach in the design of both rules, and emphasized that governance remains an area of continued consideration and interest, with the goal of establishing an evolving regulatory framework for clearing agencies.****"* + +Focus on the bold part. Translated, this means "we were super vague and didn't do much at the time, but we said we'd work on it some more later on", aka "we let the clearing agencies reduce these rules to jack and shit and kicked the regulatory can down the road". + +I covered some of these rule comment shenanigans in a previous post Superstonk/comments/wmhz6q/i\_started\_digging\_into\_the\_new\_dtcc\_loses\_its/?utm\_source=share&utm\_medium=web2x&context=3 + +...and this is referenced again near the end of the intro, on pg 10: + +[page 10](https://preview.redd.it/xy4gbrvs3gj91.png?width=804&format=png&auto=webp&s=4a9c12e90ec203deb64b4ba0119eb2f48142fcc5) + +Back in 2016, the SEC passed the first set of rules setting out standards for clearing agencies. The clearing agencies, of course, were all up in those comments arguing strongly to weaken the rule. They succeeded, and the standards and rules governing them were watered down. This is what is meant by "broad and principles-based": the rules were made vague and non-binding. The SEC says it intends this time to be different. Now we have more concrete rules. OK, let's push. We'll see ... and make sure things are strengthened rather than diluted. + +The next important thing comes just after: + +*"...the rules are designed to take a* ***multi-layered approach*** *to governance in that one rule alone would not necessarily capture and address an issue relating to governance; each of the different rules proposed today would provide one additional mitigation layer to help ensure that registered clearing agencies are designed, managed, and operated under a robust governance framework to protect investors and the public interest and help promote the prompt and accurate clearance and settlement of securities transactions."* + +Critically: + +https://preview.redd.it/3gj1ldii4gj91.png?width=834&format=png&auto=webp&s=b515265bc9a6b34795957c075584c027224cff43 + +This phrasing, to me, seems important for one reason: it is a place for lobbyists to insert themselves in the process. They can argue that the *other* "mitigation layers" (parts of the rule) do the job just fine, but *this one* (whatever they want to remove) is unnecessary. Each layer is good "by itself", right? + +&#x200B; + +# The Upshot + +The DTCC and other clearing agencies are facing increased governance and independent oversight. They will fight it to keep things the way they are. We can support this rule, enhance it, and push back in a very public way. The next post I write will probably be in the "Know Your Opponent" style. We know what the big boys said last time they were threatened with regulation, and we know what Hester Peirce is saying now. Examining those lines of attack will help us frame our own arguments to support and change this rule. + +Keeping educating yourself, keep reading, stay mad, stay motivated. I'll be making other posts as we go. This will take time... but then, all the best things do. Showing up and doing something the DTCC really feels will be an important step forward. A good brick. +tl;dr: In 2007, the federal government established a student loan forgiveness program for grads who went into public service jobs. After 10 years of service, those loans could be forgiven. Lots of people took jobs with that expectation. + +Well, it's 10 years later, and now the Education Department says that its own loan servicer wrongly approved a bunch of people for debt forgiveness, and without appeal, will now reject them, leaving their loans intact. + +Bottom line: if you have debt forgiveness through this program (as I know many who do), you're gonna want to check your paperwork reeeeeeeal carefully. + +**[Link in the NYT](https://www.nytimes.com/2017/03/30/business/student-loan-forgiveness-program-lawsuit.html)** +First post in theta gang! + +&#x200B; + +https://preview.redd.it/usfrifneodz61.png?width=1315&format=png&auto=webp&s=e89b6246fdbe6572ece64fa506804cbdfcde7878 + +On Monday, I decided that I didn't mind owning PLTR at 18, so I took advantage of the high IV during earnings. Crazy that an 18p was ITM on Tuesday morning then worthless on Friday; the volatility had me checking the ticker throughout the week. Here's to keeping cash on the side - cash is king! +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! + +Thomas Sowell said that welfare was the reason for the destruction of the black family. Is this true? Also I’ve noticed many people seem to think people who aren’t married are fatherless. False equivalency +There are obviously people with unearned fortunes who will be rich solely because of investments other people have made before them. However, what I don't understand is how taxing the rich would thereby *increase the income of most people* consequentially. + +Is income slices of the pie really a zero-sum game? Is there some essential fact I don't understand? +I've noticed in the last few years a lot of people use "treating themselves" as an excuse to overspend. I agree that you should treat yourself! It's so much easier to live within a budget when you do, however, my tip is budget for this and don't over indulge! + +Personally, as a broke University student, eating out on campus once every two weeks is such a treat that I look forward to. Too often I see fellow students overindulging in things like fake nails and eyelashes (or male equivalent buying overpriced clothing/food/beer); treating themselves when they didn't budget for it and end up short on money. + +I think at all ages it's important to keep up a balance, I'm curious to know what other people's 'treat yourself' purchase is? +I don't know if it's because I live in the mountains or if apartments sucks, but I literally cannot open the site. I just inherited a house, and I want to rent it out as my dad did before me. + +Any tips for finding rental comps? +I’m bored so I decided to help out the noobs that don’t know what they should learn. All of these can make lots of money but some of them are way harder to master. I trade crypto but I imagine this works with anything. + +Brain dead easy tier: + +1. trading with trend entering at key support or resistance (major fib level, 4 hour Bolinger band, historical support, or just a clean round number usually works) + +Explanation: layer your buys or shorts around a level. The first time a wick drops through it, it’ll snap down, fill as many of your orders as it will, then virtually always bounces up a ways. Close after the bounce. This works for shorts too at resistance. You can start making a profit doing this with almost no experience at all. + +2. Building a swing position with the trend ( when the weekly and daily charts are going the same direction you are safely in a trend.) + +Explanation: let’s say we are in a bullish trend. One morning it drops a few percent. Buy some contracts but leave a lot of room for error. The next day it pumps? Great sell them. It goes down instead? Add to the position. Keep doing this until the next time it pumps and cash in. Don’t worry until the trend breaks on a macro level (weekly chart or higher) and if that happens take the loss and don’t over think it, just start building the opposite direction. That may sound risky but it’s really pretty hard to fuck up, things retrace. + + +Tier 2: easy tier but requires some understanding of what you’re doing + +1. Longing after a dump + +Explanation. It’s pretty simple. You see on a chart that something has been dropping for hours? Just wait for it to stop actively dropping and market buy. It pretty much always retraces after everyone realizes the bears can’t keep pushing it down for now. + +2. Range scalping + +Explanation: look at your 15 minute chart (or 5, or 1 hour, or wherever it’s ranging on the clearest) with Bolinger bands on. Has it been to the same top and bottom more than once? Just set limit orders at both ends of the Bolinger band and wait for them to fill. If it breaks out of the range, close at a small loss. Otherwise keep going until it breaks out of the range. You can make an absolutely stupid amount of money doing this because everyone else is waiting to enter on the breakout. + + +3. Waiting for a good entry on a macro chart. + +Explanation: this sounds dumb but it’s actually how The Boot turned $5,000 into 3,000,000 in 18 months. Just look at the structure of the daily chart whenever it’s in a down trend, it will usually conform to a specific pattern. As soon as that pattern breaks with a close outside the pattern, enter a long. If it falls back in, close at a loss and wait for it to break again to enter. Eventually it’s going to pump like 5+% in one day when it breaks out for real and each time it tries to break and falls back in it makes the likelihood that the next one is real even higher. You can take your profit immediately or wait for a clear rejection. This works even better on higher timeframe charts but obviously you get fewer chances. + +4. trading against the trend at key support and resistance levels + +Explanation: key resistances and supports almost always hold No matter what the trend. You can use these to make money the same way as in the trend as long as you’re able to tell when it isn’t going to hold that time or you’re able to get out quickly when it doesn’t. + +Medium difficulty tier: + +1. Shorting after a pump + +Explanation: same concept as longing after a dump but it’s harder because top patterns are more nuanced and require a bit more experience to handle. Also pumps are just inherently more unpredictable so at the very least start with small positions or you might get fucked if you can’t tell when a top isn’t the top. But in general though, after a breakout candle, there’s almost always a pullback of some kind so if you don’t horribly miscall the top of the breakout you’ll be able to close below your entry. + +2. Trading small timeframe reversal patterns. + +Explanation: there are some reversal patterns that work on the 5 minute or 15 minute that are so reliable you can almost 100x them when you see them. double engulfings, mini Adam and eves, etc. however until you learn when the pattern is actually the pattern you’ll make some mistakes + +3. Trading prebreakout and prebreakdown patterns. + +Explanation: similarly to reversal patterns, certain patterns form on the 5 and 15 before almost every major drop or pump. The trick is to see them coming before it’s so obvious that it’s too late to enter. You have a window for sure, but it takes a bit of practice. + +Hard tier: + +1. Trading pre breakout and breakdown patterns on medium timeframes. + +Explanation: just like shorter time frames, the 1 hour, 4 hour, etc form reliable patterns that will give you many percent of profit if you can identify them before almost every major movement. They are however more difficult to spot and it’s less easy to see when they aren’t going to hold, so this one takes more practice. + +2. Knife catching the top and bottom + +Explanation: before the dump or pump has finished, you can usually get an idea of where it’s going to end up based on the orderbook and the charts and the rest of the TA. Doing this has a risk high reward because you’ll get at least a full percent more of movement if you do it right but if you don’t you better know what the fuck you’re doing. + +3. Trading with the middle range trend. + +Explanation: so even when you aren’t breaking out or down, the candles will give you a pretty good idea of what direction the price is likely to range over to using the 1 hour, 2 hour, 4 hour, etc all combined in your head and weighted based on how clear the pattern is on each chart and how they can best fit together. Probably 80% reliable at best. + +Pros only: + +1. Using candle patterns to identify the next movement during extremely choppy markets + +Explanation: this is hard and inherently risky no matter your level, but even when the price isn’t moving, if you get good enough at reading candle patterns you can say with maybe 65% reliability which way it’s likely to end up. I usually don’t bother because I hate making losing trades even if it’s right more often than not. + +2. Price Action Trading Strategy in general. + +Explanation: the numbers flying up and down your recent trades window tend to move in specific ways right before certain things are going to happen. This one took me the longest to master but now that I have it I find myself relying on it more than anything else. It’s really hard though because there’s only subtle differences between the way it moves before a pump and the way it moves before a pump that’s about to get rejected. Good luck! + +3. Knife catching mid movement. + +So you have to be an asshole to even try this but my friend used to do it to show off. Basically let’s say you’re short and it’s about to dump a few hundred dollars. The smart thing to do is to just hold your short to the bottom but it’s technically more profitable if you can catch the minute or so bounces that happen during the fall And reshort at the tops of them. + + +This list is in no way complete but it’s most of the things I do in any given week depending on what the market is doing and how much attention I’m paying at the time. Let me know if you have any questions or you want me to shut the fuck up. +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! + +Hi everyone, Bob here, + +This is going to be part 2 of the series where we check out how things are lining up. I really feel like our wrinkles are coming together nicely with the DD we are independently doing, and arriving at very similar conclusions. In this chapter, We will be reviewing some choice DD and making some really neat connections. + +https://preview.redd.it/39nrny3r9mb81.jpg?width=500&format=pjpg&auto=webp&s=c08fc380d92ef16c0cadfb584169ad23e47e9c59 + +**PS, get jacked, because this DD has been reviewed by some of the greatest wrinkly minds I know of before posting. Hope you learn something, and gain some wrinkles yourself - god knows we need ‘em.** + +# Table of Contents + +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. + +# [Looking for Part 1? Go Here!](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +[Chapter 1](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/): + +* [1.0 - Recap on understanding the T+ cycles and how they work, along with some insight to market mechanics](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +1. [1.1 - T+ Cycles & How They Work](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) +2. [1.2 - Supplemental Liquidity Deposits](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) +3. [1.3 - CBOE Futures Cycles](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) +4. [1.4 - Key Terms](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) + +In This Chapter: + +* 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 + +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 + +# Theories 2.0 + +To do them justice, I’ve asked each DD author to contribute to this section however they saw fit. I ~~highly encourage~~ **demand** that you take some time to read, updoot, and understand these DDs I will be linking in this section. They are great reads and worth your time. + +# 2.1 - Leenixus SLD Theory + +**Source DD:** [February 22 - The next GME option clearing cycle & GME bull run](https://www.reddit.com/r/Superstonk/comments/s0i4bu/february_22_the_next_gme_option_clearing_cycle/) + +From u/Leenixus + +[ This image is the summary because unconfirmedly i believe that's when the previous month's expired options are cleared](https://preview.redd.it/3j1nq2of7mb81.png?width=625&format=png&auto=webp&s=f809e63341f75f25eeb06b1689f8b33efbc3270f) + +**More Detail on the Theory & Example from the DD** + +**GME Example** + +In this example, you’re seeing the day on which the GME dong appears. The progression is Feb 24, May 25 and Aug 23. + +[u\/leenixus SLD cycles](https://preview.redd.it/k350jqam7mb81.png?width=2449&format=png&auto=webp&s=b87f5ec97c5e460a5762e85203990690130294ae) + +*Legend:* + +1. Dotted Green Line: **NSCC SLD Deposit Period Opens** +2. Bright Fat Green Line: **3'rd Friday of the Month / SLD Deposit Deadline** +3. Second Bright Fat Green Line: **Tuesday next Week** +4. Thin Pale Green Line: 6'th and last to final day of CNS/Netting +5. Red Line: Last day of option netting & return of remaining SLD to banks. +6. Yellow Line: **Futures Roll Date** +7. Dotted Yellow Line: **Futures Expiry** + +You’ll notice that as I previously said that the month where GME moons is ALWAYS the month before the futures roll month (First Yellow Line = Roll Date) and that it’s almost **always the Tuesday after the 3’rd Friday of every month every 90 days.** + +**Some extra information here,** any time between the date that futures will be rolled forward & futures expiry in the next month, GME takes a dump. Incidentally, this is also ALWAYS when GME earnings are scheduled. Make your own conclusion as to why this happens, i have mine. + +# 2.2 - Gherkinit Futures Theory + +**Source DD:**[ Moass Trilogy: Book 1](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/),[ Book 2](https://www.reddit.com/r/Superstonk/comments/qxbzim/moass_the_trilogy_book_two/), and[ Book 3](https://www.reddit.com/r/Superstonk/comments/qzcag6/moass_the_trilogy_book_three/) + +From u/gherkinit + +So the plan for this DD is as follows: + +* The events leading up to and causing the gamma ramp/volatility squeeze that occurred in January. +* Tie together the ETF, FTD, Options and Futures cyclical movement that drives GME price action +* Lay out my futures cycle theory and explain the price movements on GME to date +* Explain why January's run did not cause the expected short squeeze on GME +* Take a look forward, using the same unavoidable market mechanics, to determine where SHFs, MMs, and ETFs are most exposed. +* Present a case for retail to in fact be the catalyst for MOASS +* Discuss the how and why , this is possible. +* Dispel the misinformation regarding options and present multiple ways they can be used effectively by those with the requisite knowledge. + +I will attempt to make an evidence backed case for each of my conclusions and try to tie all of this together in a way people can digest and understand. + +**The Pieces of the Puzzle:** + +* **Section 1:** **Futures Roll Dates** + * \*\*The Roll:\*\*This is marked by an increase of volume and price into the roll date, followed by a drop immediately afterwards. (Feb-Mar and Jun - Jul) + * \*\*The Fail:\*\*This is marked by a sharp spike in volume several days prior to the roll date then a decline in volume and volatility until a window of activity appears (anomaly) T+35 days after the roll date. (these T+35 dates also lined up with spikes in SEC FTD reports) +* **Section 2: ETF Exposure** + * We were fairly confident at this point in our research that ETFs represented a significant part of the short exposure on GME. +* **Section 3: The FTD pileup** + * Since the futures fail patterns have a unique outcome that causes this anomaly window what exactly drives that anomaly in the areas in between the ETF exposure dates and the the subsequent futures roll. +* **Section 4: January IS absolutely unique!** + * One day a year in January the highest amount of open interest and thus gamma exposure in the options chain occurs…GME LEAPS and ETF LEAPS expire simultaneously + +These dates and windows (futures) track almost every single move on GME since September of 2020. If it didn't happen on one of these dates/windows then it happened within their respective settlement periods (T+2/3) + +[u\/gherkinit futures theory in a nutshell](https://preview.redd.it/9olayl3w7mb81.png?width=2396&format=png&auto=webp&s=047c86d3b1d3d93572f0d2adbe2830f403be98a7) + +# 2.3 - Zinko83 Variance Swaps + +**Source DD:** [Volatility, Variance, Dispersion, Oh my!](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/) + +From: u/zinko83 + +First thing is first, what is a variance swap? In simple terms it is a bet on volatility. The seller is going to receive a fixed payment called the "fair variance strike as vol" which is a fancy way of saying annualized implied volatility over a period of time (usually 30,60,90 days). The volatility strike is going to be calculated and agreed upon inception, that is going to be the fixed payment that the seller receives upon maturity. The opposite side of the trade is the buyer, the buyer is going to receive "realized variance" payment on maturity, meaning that it is going to get paid based on the volatility realized during the agreed upon period. + +Here is an illustration showing the "vanilla" variance trade. Note the word "vanilla" not all trades are done this way: + +[u\/zinko83 Variance Swaps](https://preview.redd.it/6817bwe08mb81.jpg?width=892&format=pjpg&auto=webp&s=a602253bafdfd2ac6325d5c131a1f81c0cdf6f61) + +Variance swaps, or volatility based swaps in general, seem to play a key role in this trade. Considering Citadel's entrenchment with it, it's easy to see to me anyway, how he was cocky enough to take on Melvin's position. Thinking he could hedge it away, internalizing all the risk and profiting off of dispersion trading and systematic variance shorting until everyone got bored and they could get out cheap. + +The problem is growing for them, people have held and bought more, making the risk that got/gets internalized much heavier to carry, meaning they have to release that risk back into the market sometime causing unwanted and unmanageable tail risk to hedge away which can in turn make the problem worse (see a couple months ago). **DRS is having an effect simply because it basically marks registered shares as insider shares thus removing them circulation making delta hedging (which is daily on replicating portfolios) much harder and more costly.** + +# 2.4 - Turdfurg23 Heart Beat + +**Source DD:** [Gamestop and The Market Heartbeat](https://www.reddit.com/r/Superstonk/comments/rl6yg8/gamestop_and_the_market_heartbeat) + +From: u/turdfurg23 + +The two biggest ETF providers and lenders are Blackrock and Vanguard. Throughout most of the year over leveraged funds and short hedge funds have direct access to large numbers of shares in these ETFs. Blackrock and Vanguard are happy to collect the fee's associated with lending shares and their sponsors get a nice paycheck. Now to the interesting part in the data where I noticed high volume cycles. For example Vanguard (The biggest holder of GME) has predictable high volume cycles called "wash trades" Wall Streets dirty little secret you can read about on Bloomberg. It's an abuse of the ETF system structure to wash high volume through ETFs to avoid taxes. While they are doing this Blackrock and Vanguard are largely not lending shares and tell over leveraged and short hedge funds to go elsewhere for their shares. These cycles happen on a quarterly basis December, March, June, September. + +[https://www.bloomberg.com/graphics/2019-etf-tax-dodge-lets-investors-save-big/](https://www.bloomberg.com/graphics/2019-etf-tax-dodge-lets-investors-save-big/) + +[u\/turdfurg Heartbeat Wash Sales](https://preview.redd.it/cfbpx4h38mb81.png?width=2610&format=png&auto=webp&s=57eed0712a0a35c5ed50a93a62cda6c728ce0fc6) + +# 2.5 - My Own Observations + +**Let’s look at options first, because it has me the most jacked!** + +Some of you might remember a [recent DD update on a DD update on a DD update](https://www.reddit.com/r/Superstonk/comments/rw4769/dd_reposting_for_visibility_update_to/) I did for my series of research. Something that’s really *really* been bothering me about my data is the [offset for the C35 options tracking data](https://www.reddit.com/r/GME/comments/o352a4/update_on_t21_cycles_and_dd_on_dd_by_ucriand_and/), seen here: + +[Something Seems off...](https://preview.redd.it/5df7got58mb81.png?width=1291&format=png&auto=webp&s=cdb9ff4d1033329094656b0f5518d9c96f74977e) + +Then I had some conversations with some of the other wrinkles, and after u/gherkinit was kind enough to waste some time on my smooth brain discussing the finer details on how ETF FTDs are created, and the timelines around them (which you’re all experts on now) - if not, go fucking read the first section of this DD… it finally clicked: I was missing the settlement period for the options. The **T+2** that happens before the **C+35** FTD period. So, I ran back to my hole, and did some frantic calculations on the keyboard, and … HOLY SHIT, just look at this beautiful chart it created when i simply (and correctly) updated the C35 Options calculator to T+2+C35: + +[It's all coming together!](https://preview.redd.it/xz7zrt578mb81.png?width=1236&format=png&auto=webp&s=849823013c98c242367028380b5c9d7b0e0aea74) + +**Also in Crayon** + +[The Colors! Nice when thing match up!](https://preview.redd.it/rocqrdl88mb81.png?width=2478&format=png&auto=webp&s=72dc23304d510d772dd0090bb6eb636fb018e3ff) + +Yes, HOLY shit… I was right all along, but was too fuckin smooth to calculate the dates right. Sorry folks, but now we know… + +https://preview.redd.it/ff6a3cqd8mb81.png?width=860&format=png&auto=webp&s=4d06a95e18f605db3d5ac4fd5fd81697dc0f5673 + +But there were still questions. We know what is happening, but **WHY** does the expiration for these abusive looking options OI correlate so fuckin’ well to the green johnsons we all know and love and yearn for. **WHY** does it work this way? + +u/zinko83 **has entered the chat.** + +Go read and fully understand [that wrinkly DD](https://www.reddit.com/r/Superstonk/comments/qmtt6q/volatility_variance_dispersion_oh_my/). Or at least understand this: He pointed out a correlation in the data he was looking at with swaps that DIRECTLY correlates to the spikes i'm seeing as well. When the large OI is removed (swaps dropped), we see our johnsons at C35 from those dates. Because they are exposed and likely running these hedges that zinko talks about *naked.* So when this is dropped, they are exposed, naked, and afraid. + +# 2.6 - Tying It All Together + +**To Recap:** + +So, we’ve reviewed multiple theories by some of the communities greatest DD writers (myself excluded) of our time. Here’s the interesting part: + +**We seem to have come to similar conclusions from multiple different angles.** + +**Lets see…** + +We have multiple DD authors writing about dates for different reasons. Some think it is related to SLDs, some think variance swaps play a role c35 after they fall off, others have observed heartbeats to evade taxes. What’s more, is one big brain motherfucker worked together with a lot of wrinkly apes to find several pieces of the puzzle that all fit nicely together. Shit, the only thing I’ve really contributed to this whole thing is collecting data, and drawing wild ass correlations. + +**Confused and need a hot crayon injection? Look no further:** + +[Observation of Multiple DDs coming together](https://preview.redd.it/cu93ealf8mb81.png?width=3258&format=png&auto=webp&s=23fac31b4435676daf2646230d3c1a5dae6ebb61) + +**Also,** u/zinko83 **noticed that we get spikes C35 after the swaps fall off** + +[More basis matching dates and spikes](https://preview.redd.it/n50xx1yg8mb81.png?width=1272&format=png&auto=webp&s=8b301afda0ce022091be783232742cff51bbe813) + +**Oh, and don’t forget to check for tax evasion all along the way. (**u/turdfurg23**)** + +[All ETF Heartbeats](https://preview.redd.it/igep9w7k8mb81.png?width=3190&format=png&auto=webp&s=7e92715b7414d1e0cc3114f8fabfe667a905ea1c) + +**Edit:** Final thoughts here: I cannot believe I forgot to mention /u/leavemeanon's where are the shares series. This is a master series DD that explains how ETFs play a critical role in this saga. + +* [WHERE ARE THE SHARES (Part 1) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/) +* [WHERE ARE THE SHARES (Part 2) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8qzj/rip_uleavemeanon_where_are_the_shares_part_2/) +* [WHERE ARE THE SHARES (Part 3) Resurrected](https://www.reddit.com/r/Superstonk/comments/nt8t9n/rip_uleavemeanon_where_are_the_shares_part_3/) + +**An interesting excerpt on the puts that are about to expire from the part 2 - go read it!**: + +>[**GME options data**](https://www.barchart.com/stocks/quotes/GME/options) is.. well, just go look at it. +> +>I’ve been watching it for a while and I can tell you - there are far more expiration dates (potential contracts) right now than there were 3 weeks ago. The suspicious dates, however, are **7/16** and **1/21/22**. +> +>The open interest (OI, total number of contracts yet to be settled) for puts expiring on those two dates is over 650,000. Multiples of other dates. +> +>Even weirder, almost 350k of that OI is at $0.50 and $1.00 strike prices. Those strikes prices **don’t even exist** on any other dates. +> +>*So what can this mean?* +> +>Who tf knows. It is really weird, I’ll say. I mean, can those puts even *be* relevant at $0.50?… + +# Conclusions 3.0 + +# 3.1 - For The Wrinkles + +# 3.1-🌈🐻 - Is Moass Inevitable? - An Exercise in Rationality. + +In our review on this DD, one really wrinkly ape that I respect the hell out of wanted to point out some possibilities that could result of netting off the exposure through Continuous Net Settlement (**CNS**). Remember when reading, that CNS applies to FTDs, both in GME and GME containing ETFs. + +I’m choosing to add this section because its important to stay rational in all this. If you are here for the usual rockets I post in my DD **(I AM BULLISH AF),** you’ll find that section/recap after the wall of text below. + +🌈🐻🌈🐻 ***Anti-Moass Bear Thesis Warning - May Unjack Titties*** 🌈🐻🌈🐻 + +***Here’s what they had to say:*** + +[A solid run down of Net Settlement actions with examples of share movements.](http://brokerage101.com/ssettle.html) + +The nuts and bolts of how the volume matters and the CNS impacts can be summed up with a few key points: + +1. **Continuous means continuous.** There is no method of preventing it from happening and there is not method of making it happen. It is an automated system that runs in premarket, consolidating and netting all transactions in after hours, and in aftermarket, consolidating and netting the day's transactions. +2. **It is a First in, First out system**. Meaning that obligations created yesterday are cleared today and today's obligations are automatically rolled to tomorrow. +3. **It is based on an individual brokerage firm (not fund, investment bank, etc)**. Meaning it does NOT take into consideration WHO buys or WHO sells, only that there was a buy or a sell. +4. **It is based on the net trading from the reporting brokerage**. Meaning CNS also does not care how many buys or how many sells, it ONLY cares about the net positive or negative. +5. **Its purpose is to match transactions to shares**, so it is only in practice when there are not shares to be matched in one direction or the other. When obligations at brokerages exist, CNS is responsible for auto-netting, clearing, OR rolling the shares forward. The point is netting to a zero obligation. + +***What does this look like?*** + +**Day 1:** Imagine you and your friend just became the two big brokers in the market. It is your first day trading for your clients. Congrats. At the end of the day, through all of the transactions you orchestrated, according to your tape, you, as a net seller, have a "long" position of 500 shares. Your friend, though, was unable to secure his shares as easily, as a net buyer, he has a "short" position of 1000 shares. In this small world where you two are the only brokers in the game, your net ends with a -500 balance. This balance now rolls over to the next market day. You have 500 potential FTDs, floating on your books as broker. Not to worry though, you still have one more day before they are truly FTDs (**T+2** remember)! + +**So, day 2**. Volume surges but you net even for the day... FUCK. CNS ONLY deals in netting out the imbalance. Your friend still needs his 500 shares and now you have 500 FTDs legit reported at the T+2 cycle date. You are a brokerage firm. NSCC doesn't know who among your clients are not delivering the shares for netting but YOU do. NSCC doesn't care, but YOU do. Why? Because in the end, according to REG SHO, the broker has responsibility for the delivery of the FTD NOT the client, because you have more to lose..... so....... what is the fix here? + +Well there are TWO consolidation cycles a day. You, completely legally, encourage after hours volume surges. More volume comes into brokerage, especially after hours, more shares are available to net. Premarket consolidation and netting occurs and the roles have reversed. You are sitting on 500 shares long, 500 immediately clear your FTDs. + +**But what happens if there are not enough shares?** You just push volume as much as possible. Positive or negative netting is still netting in one direction or the other and the CNS is "First in, First out" so the volume of tomorrow will clear the FTDs of two days ago and create new FTDs to be dealt with two days from now. + +*You might be thinking that CNS sounds an awful lot like an FTD rollover machine? And you are 100% accurate in every way.* + +*Here is the hard truth. The system is built to be a fortress of checks and balances. Stable rigid gears and weighted levies holding back the potential flood of silt and loss. The most important reality of why the CNS matters in this is because, in a speculative market driven by the pressure of undelivered shares, the fact that a completely automatic, non-custodial, and purposeful cog of that machinery is built to automatically roll over the very thing causing that pressure, should be a very telling truth.* + +**Edit: at request, my thoughts on the bear thesis.** + +I thought I'd add somewhere here with my thoughts on the above bear thesis. It is based on the idea that the sHF can "uncoil the spring" and deleverage over time through CNS, and they are 100% correct. This is absolutely possible, but it will take an *inordinate* amount of time to do this, especially with apes buying more shares every day. Buying more shares that don't exist trigger MMs to naked short sell those shares to diamond handed apes (see part 1 for more explanation of this). This effectively *increases the actual SI on GME*, and I believe this to be happening since January at least - possibly before that. I'd like to see some DD or do some myself to estimate this effect using the volume data and short flows on a daily basis. Anyway, I digress: + +Even *If* it were completely possible to deleverage over time, the fact that CNS requires liquidity and DRS creates illiquidity makes this bear thesis very **VERY** hard to believe being the future of GME. Maybe it's just my bullish bias, but... + +# 👆🏽👆🏽If you ask me, the dude that wrote that could use a little hopium + +https://preview.redd.it/o01oazd5amb81.jpg?width=600&format=pjpg&auto=webp&s=22b07ebd123340dfd9c1df35cca728b75b7a7e44 + +# 3.1-🚀🦧 - Is Moass Possible? And Could it Be Near? + +***🚀🚀🚀🚀 Bullish AF Observations. Warning: May Jack Tits 🚀🚀🚀🚀*** + +**It looks to me, through all my research and analysis of the DD, and data that we have a lot of things happening here (go figure).** + +I think the game was identified by u/gafgarian (now a 🌈🐻, but we still love him) way back when when he posted his [epic FTD cycle DD](https://drive.google.com/file/d/13_17tz94egE1eurlWvkrGFKQDqU54Dfx/view?usp=sharing) (warning - drive link), then the big sneeze happened. This is (I think) when they got into variance swaps heavy ( u/zinko83 ), and the exposure in the cycles identified by u/gherkinit were really exacerbated. Now we find ourselves in a heavily illiquid stock, that is probably still sitting at well over 100% SI (I can elaborate on this if you’d like - ask me), and we have literally nowhere to go but up from here. What’s more, is if you check out DFV’s original thesis, a lot of that which he discusses has already come to fruition. And I think GME has already blown out some of those expectations. What's more you ask? GmeDD’s new report is bullish AF from a fundamentals perspective. BTW, u/deepfuckingvalue, if you’re here watching this all unfold, **what the fuck dude, go enjoy yourself - you’ve earned it!** But seriously, I’m curious what your analysis might be on the stock these days. **My bet would be bullish ;).** + +# 3.2 - For The Smoothest Among Us <3 + +I thought it’d be nice to part with a little TADR. First, let's take a hit of that sweet nectar we call hopium. + +**If we look at the combined chart, You can see the following:** + +https://preview.redd.it/2wbvv01n8mb81.png?width=1199&format=png&auto=webp&s=a73e86afb13a0c65c7d59d17698c91f3155dd926 + +Edit: Lots of apes asking for a TADR: + +**THIS IS THE TADR** + +The best DD writers (in my humble opinion) as of late are all converging on patterns that pretty much line up with each other. Maybe it’s futures driving the price action, Maybe it’s variance swaps? Maybe it’s simply a liquidity squeeze, and observed when money is temporarily taken away during the SLD periods? Maybe it’s all of the above. You be the judge. Personally, IDGAF who’s theory is right, as this raggtag group of apes have uncovered so much fuckin fuckery in our financial system, particularly on GME, it’s amazing to behold. Even more amazing is the fact that these guys came from different angles and all arrived at the same conclusion: + +https://preview.redd.it/x33jnmfo8mb81.png?width=960&format=png&auto=webp&s=99712915899401da02a29fc6f5d1a93c19d60ee7 + +Credit to u/Bosse19 + +**What’s this mean? What does the future hold?** + +https://preview.redd.it/mqdrixrp8mb81.png?width=552&format=png&auto=webp&s=92a97e023c14994b6cab9d0741b0fa646f35ab90 + +# Closing & Disclaimers 69.420 + +Thanks to all the contributors of this DD, and thanks for all you do for the community. I am really glad I found you all, and you welcomed me into the fold. I’ve learned so fuckin much from each and every one of you, and cannot thank you enough. There really is a wealth of information here in the ape community, so don’t be shy - reach out and form a wrinkle or two! + +Oh, and u/yelyah2, don't think I forgot you - I just need more granular data to add [your theory](https://www.reddit.com/r/Superstonk/comments/rxtqpg/gme_delta_neutral_update_hedgies_r_fd/) to this. To quote u/zinko83: + +>I'd bet my next paycheck that those sensitivity spikes you are observing would correlate nicely to where Zinko sees the swaps drop off. + +But joke's on you, I don't get paychecks... + +**TO THE MOON!** + +**Disclaimer**: + +1. **DRS:** I like DRS’d shares because they are supposed to help curb fuckery. [I even built a DRS tracker](https://docs.google.com/spreadsheets/d/1p3GoDy4Lg8cwjKMR3fVxCh5B547mwn8iY04AOdKu1g4/edit?usp=sharing) that I probably should update sometime. Who does this shit if they don’t like DRS? +2. **Options**: I like options, but they are risky AF - please understand the risk and mechanics of options before considering them as a way to leverage your position. u/leenixus is currently writing up some DD series on options if you’re interested in learning about them. [Here’s the first in the series](https://www.reddit.com/r/Superstonk/comments/s29jhd/option_basics_what_are_options_vol_1/?utm_source=share&utm_medium=web2x&context=3). +3. **NFA Bitches:** Nothing of what I say or present in reddit form or elsewhere is financial advice. Quite the opposite actually - It’s just the slightly coherent ramblings of an autistic ape who eats so many crayons they shit rainbows regularly. +4. **BULLISH AF ON GME** + +**Sources:** + +[MM](https://www.investopedia.com/terms/m/marketmaker.asp) | [AP](https://www.investopedia.com/terms/a/authorizedparticipant.asp) | [RegSho and Locate Reqs](https://www.sec.gov/investor/pubs/regsho.htm) | [FTD](https://www.investopedia.com/terms/f/failuretodeliver.asp) | [Settlement](https://www.investopedia.com/terms/s/settlementdate.asp) | [AP Agreement](https://www.sec.gov/Archives/edgar/data/1748425/000119312520270276/d98712dex99h3.htm) |[CNS](https://www.dtcc.com/clearing-services/equities-clearing-services/cns) | [Swaps](https://thelawdictionary.org/basket-swap/#:~:text=A%20CREDIT%20DERIVATIVE%20contract%20that,buyer%20with%20a%20credit%20HEDGE) + +**Backup:** [On my Drive under the DD Folder](https://docs.google.com/document/d/1QfvN4mRza4VpJF745foy0LuAeV6sTc25YEjTRrynGFs/edit?usp=sharing) + +**PS**: Please let me know if anything is inaccurate here, I will update for accuracy - just don't be a tool about the way you present the information, and please provide sources. + +# [Link to part 1](https://www.reddit.com/r/Superstonk/comments/s3n4pw/the_compendium_of_wrinkles_correlating_different/) +Hello, fellow apes. This is my second posting regarding FTDs, but as I mentioned in my first post, I built a tool to analyze the SEC FTD reports which I've update today. It's [open-source on Github](https://github.com/failedtodeliver/failedtodeliver.com), why don't some of you wrinklier brained apes get in and help make it better. I'd like to correlate options data but I don't have the money to spend on it (\~$1k). All my extra money goes you know where + +Here's the data crunched down - + +[https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU,GME](https://failedtodeliver.com/?symbols=GAMR,XRT,RETL,XSVM,VIOV,RWJ,VIOO,PSCD,VIOG,VTWV,IUSS,VCR,VTWO,SFYF,IWC,EWSC,SYLD,PRF,RALS,FNDX,FNDB,VBR,IJS,XJR,NUSC,SLYV,IJR,SPSM,SLY,FLQS,IJT,GSSC,SLYG,VXF,NVQ,IWN,ESML,VB,SAA,DMRS,BBSC,OMFS,FDIS,STSB,SSLY,IWM,SCHA,PBSM,UWM,VTHR,URTY,VTI,TILT,VLU,HDG,AVUS,MMTM,DSI,SPTM,IWV,SCHB,ITOT,DFAU,GME) + +THIS IS FUCKING HUGE!!! We haven't seen numbers like this since December 2020. What does this change? Nothing, just some validation for you sweaty paper hands who are thinking about making the biggest mistake of their lives. Things are boiling up to a massive event. Could they delay it somehow or indefinitely? Probably, but when December had numbers like this, they were early indicators of the January events. + +&#x200B; + +**TLDR;** About $1B in value failed to deliver on May 14th between GME and associated ETFs. The last time this happened was December 2020. Remember what happened in January? + +&#x200B; + +Not financial advice, but buy and hold my fellow apes. Alpha Centauri will be beautiful. +I have never before invested in stocks or any property, I normally just invest in my business and now I'm seeing good returns I want to diversify elsewhere. + +I have €30k to invest now and can invest €12k per month. + +I'm based in Portugal and the property market is super high where I'm based. Rent is a good price for me and my family right now but we would like somewhere with a garden. + +Considering what is happening right now in the World - what would you do? Invest in stocks or save it as a payment on a house once the real estate market has dropped a bit? + +Edit: I already have a 6 month emergency fund +This is it. Game ends. I win. + +Let me preface: I have been trying to crack this code for 3 days now. And after the Bill Gates divorce, I got on the right track all because of his relationship with Buffet. But it was always just out of reach of the right ideas. Without further ado. Thank you to all the apes who kept asking questions, kept making me question it in the comments. This is how great ideas are made by design. + +The Achilles heel of Berkshire Hathaway: JP Morgan & Chase. & Berkshire Assurance (A government bond **insurance** company/their insurance float and basically insurance altogether. If this were to fail, Berkshire fails. **(Tl;DR btw)** + +**A small list:** + +* **Berkshire Hathaway GUARD Insurance Companies.** +* **Berkshire Hathaway Specialty Insurance.** +* **Applied Underwriters.** +* **Gateway Underwriters Agency.** +* **GEICO.** +* **General RE.** +* **MedPro Group.** +* **National Indemnity Company** + +Here’s how I reached this conclusion, it was handed to us on a silver… no, a GOLDEN platter. I am going to try to do this, quick & dirty, nice and concise. + +https://preview.redd.it/59tgss14psx61.jpg?width=640&format=pjpg&auto=webp&s=41a6b2cf6d9ab6a43124b2d7c77285e8ae7cfb0a + +This is the third time I will be posting this. But this time I am 98% confident I have almost every piece to this puzzle and can at least make out a pretty clear picture. But anyone who thinks they have even the slightest grain to offer, I will take it, it doesn’t matter how many times I have to rehash this to get it PERFECT. + +Again I’ll reiterate this same little Motley Fool article that piqued my interest in how Berkshire works. + +"*Then there's perhaps the most overlooked (but most important) nuance of the Berkshire Hathaway portfolio -- it's not all stocks. The fund only owns about a quarter of a trillion dollars' worth of the same equities any other investor can own. But it's got around twice that amount's worth of privately owned, cash-generating companies like See's Candies, Duracell batteries, GEICO auto insurance, Pampered Chef kitchenware, Acme bricks, and more. These are makers of consumer goods that people tend to buy over and over again.* + +*This is the sort of flexible, cash-driving portfolio that allows any manager to prioritize bigger-picture value creation. Not only does Berkshire not have to worry about stock price volatility for those organizations, it can buy, sell, and manage companies as needed so retirees don't have to worry about doing the same." -The Motley Fool* + +(I keep my friends close but my enemies closer) + +&#x200B; + +https://preview.redd.it/jcvtk3x5psx61.jpg?width=1853&format=pjpg&auto=webp&s=4d71609beae66d8ff1ad8af8433b7d2daa194e9a + +And this is amazingly reflected in this chart. Not only that, here is from my other post some of the conclusions I drew. + +So Why? + +Well… Let me let Buffet himself explain EXACTLY in detail how he makes his money. By the way this guy may be the greatest holder of unrealized gains as he holds an iron fist of his own shares. + +Here's Buffett on the float: + +“Insurers receive premiums upfront and pay claims later. ... This collect-now, pay-later model leaves us holding large sums -- money we call "float" -- that will eventually go to others. Meanwhile, we get to invest this float for Berkshire's benefit. ... + +If premiums exceed the total of expenses and eventual losses, we register an underwriting profit that adds to the investment income produced from the float. This combination allows us to enjoy the use of free money -- and, better yet, get paid for holding it. Alas, the hope of this happy result attracts intense competition, so vigorous in most years as to cause the P/C industry as a whole to operate at a significant underwriting loss. This loss, in effect, is what the industry pays to hold its float. Usually this cost is fairly low, but in some catastrophe-ridden years the cost from underwriting losses more than eats up the income derived from use of float. ... + +Our float has grown from $16 million in 1967, when we entered the business, to $62 billion at the end of 2009. Moreover, we have now operated at an underwriting profit for seven consecutive years. I believe it likely that we will continue to underwrite profitably in most -- though certainly not all -- future years. If we do so, our float will be cost-free, much as if someone deposited $62 billion with us that we could invest for our own benefit without the payment of interest. + +Let me emphasize again that cost-free float is not a result to be expected for the P/C industry as a whole: In most years, premiums have been inadequate to cover claims plus expenses. Consequently, the industry's overall return on tangible equity has for many decades fallen far short of that achieved by the S&P 500. Outstanding economics exist at Berkshire only because we have some outstanding managers running some unusual businesses." + +Source: [https://www.npr.org/sections/money/2010/03/warren\_buffett\_explains\_the\_ge.html](https://www.npr.org/sections/money/2010/03/warren_buffett_explains_the_ge.html) + +This is a letter to his shareholders (as per Bury’s book recommendations above) + +Yeah those are some unusual businesses alright. Like Citadel who we’ve read enough DD about to know that they short things into the ground and never even pay tax on the earnings and then hold big positions, like this + +[https://fintel.io/so/us/brk.b/citadel-investment-advisory-inc](https://fintel.io/so/us/brk.b/citadel-investment-advisory-inc) + +So what was the whole thing that really set me off though? + +Just a happy little accident that I didn’t even notice I made myself. + +You're going to laugh when you read what I wrote (#boycottcoke as per Burry again): + +“Let’s look at Coca Cola, + +As of most recently, Coca Cola is Berkshire’s 3rd highest holdings composing roughly 8% of it’s portfolio. For such a prolific company I find it interesting that just as of most recently, from April 28th-May 5th they have issued Debt Tender Offers. + +Better yet, + +*“The Offers will expire at 5:00 p.m. (New York City time) on May 5, 2021 with respect to any Offer (as the same may be extended with respect to such Offer, the "Expiration Date"). Tendered Notes may be withdrawn at any time prior to 5:00 p.m. (New York City time), on May 5, 2021 with respect to each Offer (as the same may be extended with respect to any Offer, the "Withdrawal Date"), but not thereafter, except as required by applicable law as described in the Offer to Purchase.* + +*Source:*[*https://finance.yahoo.com/news/coca-cola-company-announces-pricing-181500128.html*](https://finance.yahoo.com/news/coca-cola-company-announces-pricing-181500128.html) + +Now in my previous post, I alluded to this being like in the movie \*margin call where they are selling crap to the people who already buy from them at a discount because who the hell else is going to buy it. But it’s Coca Cola! Why would they do that!? Well there are a couple of things interesting about this date. + +See what I’ve prefaced in the past few days is that when Citadel et Al. that own parts of Berkshire Hathaway fall and have to liquidate their positions. Berkshire will be exposed to a sell-off. Not only that but Buffet as per the Motley Fool, challenged anyone to come try and short his stock as of February this year. I think this was a big bluff on his part and that he is quaking in his boots. Edit addition: Maybe so much so he would be willing to sacrifice coke's reputation to try and prop up Berkshire? Addition to the addition: thanks to [u/CookShack67](https://www.reddit.com/u/CookShack67/) , "According to SEC filings, Melinda Gates is now one of the largest shareholders in Coca-Cola KO, +0.14% bottler Coca-Cola Femsa SAB". New Edit: This was recent news and we will see where it goes from here. If my initial thoughts are true and Burry's boycott not unfounded then... You can draw your own conclusions with the below. + +But let me finish the thought on Coke as per the source, + +*\*this right here pay attention\** + +*“We have retained BofA Securities, Inc. ("BofA Securities"), Citigroup Global Markets Inc. ("Citi"), J.P. Morgan Securities LLC ("J.P. Morgan"), and J.P. Morgan Securities plc ("JPM London") to act as the Dealer Managers in connection with the Offers (collectively, the "Dealer Managers"). “* + +What? Hasn’t BofA had terribly large sell-offs? J.P Morgan. Funny Pretty sure if you check: [https://hedgefollow.com/funds/Berkshire+Hathaway](https://hedgefollow.com/funds/Berkshire+Hathaway) + +Oh wow. Look They dropped J.P Morgan a while ago 100% Change 967.27k, to **zero.** Along with Pfizer, PnC Financial, M & T bk and Barrick Gold corp. + +I mean, in a way, we knew all of this.So Coca Cola… Not looking good. But hey, I could be wrong. I accept that. But wait there is something else about these dates.. + +GME Chart + +&#x200B; + +https://preview.redd.it/e34jo8pfpsx61.jpg?width=809&format=pjpg&auto=webp&s=ace87cc167e8550e55b00768d795be07bd34e2b1 + +“On April 28th we saw the GME price peak up @ 178.58 and then May 5th it bottomed out @ 159.48 and lower in AH, currently upward trending in pre-market as I write (7:59AM May the 7th). Seems a little too coincidental… Could it be that someone, some people got or are getting that special call real soon? Who knows. I just know to Hodl. As per Bodson in yesterday’s hearing we know for sure at least that, they certainly got **no call in January.** + +**\*Did you catch that?\*** + +If you didn’t let me explain. They are finished, caput wanted nothing more to do with JP Morgan. I literally called them out, and Bank of America out and didn’t even recognize what I was doing. + +April 16th + +JP Morgan issues junk bonds [https://www.pionline.com/markets/jp-morgan-sells-13-billion-bonds-largest-ever-bank-deal](https://www.pionline.com/markets/jp-morgan-sells-13-billion-bonds-largest-ever-bank-deal) + +BofA issues Junk Bonds + +[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) + +BofA one of Berkshires Biggest Holdings and JP Morgan whom used to be: + +**Berkshire** cut its **holdings** of **JPMorgan** from 22.2 million shares, worth more than $2 billion, to less than 1 million shares, worth less than $100 million. That's down even more since **the** end of 2019, when **Berkshire** owned more than 59 million shares of **JPMorgan**, valued at nearly $8.3 billion. + +(thank you again our great friends form the FOOL: [https://www.fool.com/investing/2021/01/11/is-jpmorgan-chase-still-a-warren-buffett-stock/#:\~:text=Berkshire%20cut%20its%20holdings%20of,valued%20at%20nearly%20%248.3%20billion](https://www.fool.com/investing/2021/01/11/is-jpmorgan-chase-still-a-warren-buffett-stock/#:~:text=Berkshire%20cut%20its%20holdings%20of,valued%20at%20nearly%20%248.3%20billion).) + +And then to **ZERO.** + +But what really caught my eye? It was coke in just that little week, more trash debt tender offerings, desperation. So what I wrote wasn’t complete trash. The moment they were offered the price of GME started to inflate a little and just like in margin call as they loaded all their friends with the dog shit bags for Cents on the dollar, they took their little cash to push GME back down. Their backs are literally against the wall if I’m right. And I think I am. + +And Warren, why do you hate JP Morgan so much? You used to be best friends, Berkshire, JP and AMAZON. America was going to have a Haven for health care Insurance (#Boycott Amazon) + +[https://www.cnbc.com/2021/01/04/haven-the-amazon-berkshire-jpmorgan-venture-to-disrupt-healthcare-is-disbanding-after-3-years.html](https://www.cnbc.com/2021/01/04/haven-the-amazon-berkshire-jpmorgan-venture-to-disrupt-healthcare-is-disbanding-after-3-years.html) + +\[January 4th this year so the break up is still fresh :( \] JP went on a little solo adventure and kinda goofed up the entire system. + +As for #boycottMLB #BoycottFacebook, My assumptions are Steve Cohen and Melvin but with the information above we have all we need. So I don’t see a need to go there (yet). + +This is why BlackRock was arguing with Buffet about ESG and greater transparency. + +[https://www.gobyinc.com/esg-solutions/the-esg-reporting-matrix/](https://www.gobyinc.com/esg-solutions/the-esg-reporting-matrix/) ( a better understanding of ESG) + +[https://www.livemint.com/companies/people/blackrock-at-odds-with-warren-buffett-s-berkshire-hathaway-over-disclosures-11620323632301.html](https://www.livemint.com/companies/people/blackrock-at-odds-with-warren-buffett-s-berkshire-hathaway-over-disclosures-11620323632301.html) (the details of why they are at odds) + +Because BlackRock knows, just like I’ve been posting for days now. That once the hedge funds and ANYONE who shorted GME has to cover and force liquidate. Berkshire will plummet & it is **Infinite** exposure. The Jig will be up. In this multi tiered berkshire class A and Class b a stock of a stock scheme. All of them have to liquidate their positions in Berkshire and if I’m understanding some of the insurance policies correctly, the debt obligations are going to be so much worse than 2008. You can literally go through the Berkshire's list of insurances to get an idea. + +Citadel with their , slowlyyyy slipping away + +&#x200B; + +https://preview.redd.it/o9fmknywpsx61.jpg?width=1392&format=pjpg&auto=webp&s=2b0a99b9fc43e006edd0243c55cb0807dbda951d + +BlackRock + +&#x200B; + +https://preview.redd.it/lm3m2utxpsx61.jpg?width=813&format=pjpg&auto=webp&s=64266e0dedcc955a9bb027d2b65f20e01a999e9a + +&#x200B; + +https://preview.redd.it/qolbv4a0qsx61.jpg?width=530&format=pjpg&auto=webp&s=1270d374b56c7e1611967647a0ff5957bf14e34e + +Big Mad. Now I realize they are just hedged sadly with us. + +And I could just keep pulling up 13Fs all day (like Vanguard right off the top of my head) holding Berkshire. Link them in the comments down below. + +**It’s not just a house of cards falling, but the entire Shire.** + +**Edit: I have removed the political reference, I simply thought it was interesting. I am not even from the U.S so it did not pertain to me., It in a way detracts from the importance of this for some who cannot keep their minds out of political headspaces and I believe distracts from the importance of this post overall.** + +And Bill, oh my god Bill Gates, the desperate divorce to move assets and try to protect. His portfolio is somewhere around **45%** last time I checked. He owns so much of this shit, he is poised to lose grandly. (you can see my older post for all the Bill Gates stuff I came up with). + +If I missed anything, I’ll come back to it. Oh and this? + +&#x200B; + +[it's 9:05pm as of posting, AH ended there though.](https://preview.redd.it/izvoip7aqsx61.jpg?width=778&format=pjpg&auto=webp&s=4e26a47e1155b5aa4282c5569454b00d71286c17) + +&#x200B; + +This ain’t no glitch. So stop, I thought you guys knew better than to listen to the media. Literally EVERYTHING they’ve said to date is a lie. I also disproved it in my previous post + +[https://www.reddit.com/r/investing/comments/1n90gr/berkshire\_hathaway\_inc\_brka\_current\_share\_price\_a/](https://www.reddit.com/r/investing/comments/1n90gr/berkshire_hathaway_inc_brka_current_share_price_a/) + +From August 19 2015 the computers had no trouble seeing above 1 million even though that too was a glitch. So that is crock. Whatever is making it glitch can't be good. Also if you look at my Tinfoil legends post, look at my chart analysis of Berkshire for crashes of 1998,2008,feb 2020. Basically, I assume feb.2020 was so bad because they didn't see it coming, but now I can also add that they literally could have lost everything if that buy button didn't get turned off. Ironically now, they will lose more than everything because I have a floor. And it is really, really high with all these contributors. + +**Amendment:** I would just like to say that looking back at this post. I was very inconsiderate of the market participants mentioned above. I don't believe anybody should relish or allow a sense of envy to cloud them and in my case, celebrate the potential for others to experience losses. It is not of good-heart, I believe that if God will's it, I will be forgiven for my poor attitude toward the situation should it come to fruition. I've left the entirety of the above and below as was written originally. + +*This of course is still all my opinion and what I speculate to be correct, and some of it could be wrong, all of it could be. But I don’t think so this time. In a matter of fact, I'm hoping someone here proves this stuff wrong. I am always willing to keep improving it until it is PERFECT.* + +*I am not a financial advisor and there is no financial advise. This is all for educational purposes that I did this research and am simply sharing my findings.* + +*Which initially I never had planned to even go further than examining the Gates Divorce. This is simply information I stumbled upon while doing my due diligence as an investor.* + +*Disclaimer(s): I assume no responsibility with how this information is used I am my own independent actor in all of this as an investor in gamestop.* + +I am also pretty messy so I'm sure this could be neater, but that's just how I am. Sorry. I want to go play video games now. +Are you tired of all these “adult entertainment” tokens that have no real value? All they do is live off of hype and produce zero results. Let me change your view by showing you a token that has achieved more in less than 24 hours than these tokens have done in Weeks. NAFTY has already released TWO adult-oriented platforms. Catwall which is the Onlyfans of Crypto and Naftyart where you have your one stop shop for adult content. This token is delivering by having already posted three adult entertainer endorsement videos! Did I mention this stealth launched late yesterday evening? The team is fully doxed and regularly communicates with the holders several times a day. + +&#x200B; + +Roadmap looks lit. + +&#x200B; + +Low Slippage 5% + +&#x200B; + +Adult Entertainers Endorsements + +&#x200B; + +Liquidity locked + + + +Team is fully Doxxed + +&#x200B; + +Burn wallet : [https://bscscan.com/token/0x023dafda3b3ae4ccc50e11ae359ffd6572724f28?a=0x0000000000000000000000000000000000000000](https://bscscan.com/token/0x023dafda3b3ae4ccc50e11ae359ffd6572724f28?a=0x0000000000000000000000000000000000000000) + +&#x200B; + +Socials : + +&#x200B; + +Twitter: [https://twitter.com/naftytoken](https://twitter.com/naftytoken) + +&#x200B; + +Website: [https://naftytoken.com](https://naftytoken.com) + + + +Telegram: [t.me/naftydiscussions](https://t.me/naftydiscussions) + +&#x200B; + +How to Buy? + +&#x200B; + +Contract: 0x023dafda3b3ae4ccc50e11ae359ffd6572724f28 + +&#x200B; + +Bsc Scan : [https://bscscan.com/token/0x023dafda3b3ae4ccc50e11ae359ffd6572724f28](https://bscscan.com/token/0x023dafda3b3ae4ccc50e11ae359ffd6572724f28) + + + +Chart + +[https://www.dextools.io/app/pancakeswap/pair-explorer/0x433daca7aa29e698cd5839dfd736e7399aca8d6f](https://www.dextools.io/app/pancakeswap/pair-explorer/0x433daca7aa29e698cd5839dfd736e7399aca8d6f) +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. +Check out FXHedge's Twitter. They say a big margin call is coming out Monday. Do an advanced search for the word "margin" for their account (link here: [https://mobile.twitter.com/search?q=margin%20(from%3AFxhedgers)&src=typed\_query&f=top](https://mobile.twitter.com/search?q=margin%20(from%3AFxhedgers)&src=typed_query&f=top)). They have said that margin calls are coming out 3 other times this year, 5/12, 7/19, and 8/18. The next few days after each of these have had been big green days for GME. Specifically the May and August dates seem to have been the beginning of those two runups. I keep seeing people here saying this account is unreliable, but I beg you to look at these dates and decide for yourselves. + +&#x200B; + +5/13 was the first big green day in the May runup, with a low of 146 and high of 170. + +&#x200B; + +7/20 was the biggest green day we had in the months between the May and August runups with a low of 172 and a high of 193. + +&#x200B; + +8/20 was the where we started ramping up in the August runup where we hit 225 2 days later from a low of 150 on 8/19. + +&#x200B; + +Maybe these dates coincidentally land right after the FXHedge tweets, but I certainly wouldn't say they are unreliable. And this is the first time they have used the word "big". I won't hold my breath, but I'm just questioning why so many on here are saying this account has yet to be right. + +Link to today's tweet: https://twitter.com/Fxhedgers/status/1438983011555442689?s=19 + +Edit: as u/nahder pointed out, I missed a date. They also said margin calls were coming on 9/10. The next trading day we saw a $15 rise in price. +Oh boy, what a crazy year 2019 has been! Lost my father, whom I couldn’t see because of my immigration situation, stopped working for a while, racked huge debts (4000$ for rent ALONE), it has been a crazy journey and a steep climb for me to be able to repay my rent owed, getting letters from debt collectors and calls at 6 am from my landlord but I made it. I have been working everyday 12 hours + and i have repaid a big portion of my debts over the last few month, now all is left is my credit card balance which i’m going to drastically improve within the next couple of months. I’m so motivated and i know that i will get back on my feet and start actually saving and investing into my future! +https://electrek.co/2020/11/30/gm-cancels-deal-build-nikola-nkla-electric-hydrogen-pickup-truck-controversies/ + +GM has dropped its plan to build the Nikola (NKLA) Badger electric/fuel cell pickup truck and take a stake in the controversial company. + +However, GM will still supply Nikola with fuel cell hydrogen technology for its semi trucks. + +As we have been reporting over the last few months, Nikola is currently in hot water after a report from Hindenburg Research made several allegations exposing deception by Nikola and its founder Trevor Milton, including several claims corroborated in previous reports. +&#x200B; + +At the beginning of this week, $AGGL launched after filling a 1500 BNB HC on pinksale. + +The token is still very unknown and dropped in price after rising to almost 4x the launch value of 0.10 cents. + +&#x200B; + +📍It's not a meme coin, has real utility, a non-BS whitepaper and a clear vision. The team is also fully doxxed and they got listed on CMC after only 2 days. They're currently working their asses off to launch the betting platform in India, which will use $AGGL as currency. + +&#x200B; + +The big idea is to 1.) give people the ability to be their own bookmakers and 2.) to have a fully transparent, decentralized platform for betting. 3.) + +Is easy to understand for crypto enthusiasts, but 1.) is a game changer that takes a while to sink in if you're not familiar with bookmaking (or even sports betting). + +&#x200B; + +🤝The bookmaking is - simply spoken - what legitimizes betting 1.0 companies to exist and to take as much money as they can from their clients (around 5% seems to be the tolerance threshold of people). The company's part is to ensure liquidity, so that everyone gets paid out if they've won. + +&#x200B; + +🚨So how would this change if people could be the bookmakers themselves? First, the greedy 5% companies are taking would be drastically reduced, which results in - by default - the best odds in the market because everyone else is taking these huge percentages. + +&#x200B; + +Second, the people that choose to TAKE bets (bookmakers) can now be "the house" and profit from the tokens they own (they provide the liquidity). This can be seen as an indirect form of staking. + +&#x200B; + +In this way, both sides gain something: The makers get better odds and the takers can get money usually reserved for the big betting companies. On top of that, by making the token the betting currency, a huge constant buying pressure from the platform will be created. As of today, the token can already be purchased with credit card - in less than a single week after launch. + +&#x200B; + +Judge yourself if you think this project has the potential to moonshot. + +&#x200B; + +AGGLE - A FULLY DECENTRALIZED exchange for sports bets! + +&#x200B; + +Live on Pancakeswap. + +&#x200B; + +[https://www.pinksale.finance/#/launchpad/0x2E0dD15a3eb1cd83318b9f92e73Bf1120Fb4E5DC?chain=BSC](https://www.pinksale.finance/#/launchpad/0x2E0dD15a3eb1cd83318b9f92e73Bf1120Fb4E5DC?chain=BSC) + +&#x200B; + +Long-Term utility together with a highly experienced Marketing Team + +&#x200B; + +Reached 1500 BNB HC during a red market and also reached an ATH of 7.3 Million Market Cap. + +&#x200B; + +CMC and CG is LIVE. + +&#x200B; + +Did you know: ALL bets offered by traditional providers contain a 5% profit markup? At [aggle.io](https://aggle.io), EVERYONE can become a bookmaker and earn these 5% + +&#x200B; + +CMC: [https://coinmarketcap.com/currencies/aggle-io/](https://coinmarketcap.com/currencies/aggle-io/) + +&#x200B; + +Landing Page: [https://aggle.io](https://aggle.io) + +&#x200B; + +Twitter: [https://twitter.com/aggle\_io](https://twitter.com/aggle_io) + +&#x200B; + +Main Channel: [https://t.me/aggle\_io](https://t.me/aggle_io) + +&#x200B; + +YouTube: [https://www.youtube.com/c/aggle\_io](https://www.youtube.com/c/aggle_io) +I'm almost 15 and I want to make some money. Any less obvious answers and ideas? I might open an etsy store and do some online survey things. Any advice or ideas would be great appreciated :) + + +So the average US household income is about 45,000 in that ballpark. I also read that the top 1% makes about 500,000 or more, while anyone making 200,000 or more is the top 2%. All would be considered a high income earner. I also read somewhere that 105,000 is the amount of money a year to reach life satisfaction (I read somewhere else 75,000 so I’ll say between 75,000- 105,000 annually) to feel financially stable. I’m single with no dependents and I make roughly 45k annually. I’m unsatisfied in my career. I’m 27 and this is my first entry level position that is paying me a livable wage. I work in tech sales… and I hate it, I basically cold call all day and I’ve been doing this since last year June. It’s completely unfulfilling. + +When I think of money my main values are security, sustainability and stability, I work to live , not live to work. I also kinda deal with depression so I know money won’t make me happy. I’m looking for my balance. I really want to reach that life satisfaction income in that 75k-100k range and I think I’ll be fine with that. There’s a Bob Marley quote I like “ Money is numbers and numbers are never ending so if you’re relying on money to make you happy you’ll never find that”… something like that. I can make a lot of money and buy a lot of stuff and things and it won’t have any lasting happiness in my life. + +I really want to develop a minimalist lifestyle but also balance it out with enjoying nice things and not being too radical. I have friends who are in the top 2%, and idk if that’s a goal of mine. Of course I don’t want to struggle with money, but it just feels like in this rat race capitalist society, a man with material riches and financial wealth is held with higher value. I don’t want to be ambition less or anything but I guess redirecting my ambition towards things where I’m not so focused on money. The focus on money really sucks the life out of me. To think all these celebrities and social media influencers who are millionaires or even 500k+ incomes are the top 1% and they just pretty much flaunt their wealth in our faces. + +I’m ranting, I guess because I’m unhappy with my life and career. I only make 45k and I can’t just go after “what I love” ( I don’t even know what that is) or what if whatever that is doesn’t make me money. I’m looking for healthier ways to see money, to see wealth, career and even when I’m around people with money or without much money have that not change my perception of them … classism is a thing. It’s cool I have friends in the top 2% with the salary I make, and those friends have millionaire friends. I don’t have millionaire friends, but if I did I wonder if the wealth gap would have any strain on our relationship. I know not all high income earners are upity and elitist. And not all low income folks are necessarily ambition-less, shiftless and lazy. But there has been this hierarchy built in this society and how people are praised and shitted on based off their economic class. + +Also I’ve read articles where Warren Buffet and Tony Robbins says do what you love and it won’t feel like work. Ideally that sounds great because I don’t like the day to day of my job but I have this fear that I either have to choose between a monotonous job that pays a good salary or do what I love and struggle. I basically make calls and emails all day as a Sales Development Rep and I work remotely. Loving something doesn’t necessarily mean you’re good at it or that it even pays well and I gotta eat. I have expenses. There’s a painter out there or a struggling musician eating a hotdog and can beans with a slice-of bread every night because they are following a passion that may never turn into financial/material success. So what’s the middle ground. Hearing a multi billionaire tell me to follow my passion and that’s how I will become a high income earner who enjoys his career just feels like I’m being sold a dream. If everyone could do that everyone would be rich. Capitalism doesn’t allow for that because someone always has to be at the bottom and the top, it���s hierarchical by nature. My dad always told me rich people choose careers they like, poor people choose what’s marketable. I can’t afford to just do fun stuff for a living. +Okay. I admit it, I'm fucking retarded. + +Can someone a touch more wrinkly than I please explain why low volume is a good thing? In my mind all I can summize is that it means low demand. If it meant low supply because we're locking the float sure, a shortage of in demand stock leads to price increases in a not so rigged system. + +If there was enough demand for 20M or 50M shares it'd undoubtedly lead to more shorting as they try to fill demand without letting the price rise. There'd be spoofing of course, but ideally they couldn't keep up shorting as we've locked a pre-synthetic 55% of the free float. But from there we'd like to see their fuckery overcome by the sheer weight of orders. + +However we aren't seeing that, we're seeing low volume and marginal movements up and down and meaningful movements up often met the next day by a movement down of around the same value. + +Granted I've seen this pattern repeat a few times and often we see a large uptick in price immediately after low volume. But does anyone know why? Or can you explain to me why low volume is a positive? + +I'm not looking for the grander overview of "Once the float is locked it doesn't matter" or "When banks default moon" or anything along those lines, that's straying from my intense desire after being in since April of last year to know why it's good/celebrated. + +Thank you gentle apes. +Just a PSA for anyone considering disputing a Ticketmaster charge to your credit card, they are fighting them vigorously. In my claim, Ticketmaster responded with over 10 pages of documents, listing IP address, T/C's (their revised T/C's), etc. I'm pushing back showing that I tried to get a refund before they changed their T/C's, so hopefully Citi will find in my favor. Good luck to anyone in a similar situation. +&#x200B; + +https://preview.redd.it/67jeh1ey7z671.png?width=1600&format=png&auto=webp&s=fd30320bd7657dd9d6082e678c61fd051c1508d7 + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/0ds5eg308z671.png?width=680&format=png&auto=webp&s=067b0bf0c424e7cd283bdf95dc57416f682abd3f + +# Reverse repo back to another ATH + +&#x200B; + +https://preview.redd.it/5bix7rrq8z671.png?width=689&format=png&auto=webp&s=51ac97637c761c73af341650970dbfb3abee06bf + +Another All time high of 791 billion with 74 participants. + +&#x200B; + +https://preview.redd.it/6lule1zv8z671.png?width=960&format=png&auto=webp&s=ede38365f56979708ec600c8beb8b5147ad0b7ff + +The Exponential floor by [u/jth1](https://www.reddit.com/u/jth1/), I've also seen a picture floating around yesterday (unfortunately couldn't find it right now) that the exponential floor is now just delayed for 18 days, thats very awesome imo, as we can see the dip that started around the 6/9th was most likely due to the ATM offering, now it will be interesting to see how (and if) this changes the floor and how it will change. + +&#x200B; + +https://preview.redd.it/tphc8va4az671.png?width=640&format=png&auto=webp&s=383c127aaca09a2fc9c2552d26835594196a7805 + +# 002 and 801 + +Today is the day! + +Today the 002 and 801 are going into effect, but do be sure that even if someone were to default today we wont see it happen today, it gives them an hour to respond to show enough liquidity (as far as I understood) and it could take between 1 and 5 days for them to become margin called, even IF they get called. remember all these rules and things are very complex and will take a bit. + +as Mac loves to say "today could be the best day in our lives, or just another regular day" + +&#x200B; + +https://preview.redd.it/n1hzkr0iaz671.png?width=640&format=png&auto=webp&s=c5d7f0de9a590dcbd52576d7b1ee0efbfaa8fe2f + +# Interactive Broker apes, check your email for Account Interview Notice! + +u/Opening-Razzmatazz-1 just posted a thread [here](https://www.reddit.com/r/Superstonk/comments/o5rr80/interactive_broker_apes_check_your_email_for/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) yesterday + +&#x200B; + +https://preview.redd.it/vtjhtf9uaz671.png?width=1169&format=png&auto=webp&s=3e16b0a827a8c5f9239b2e63527fdcdb065a67ec + +I'm not in IBKR, but for every ape that is be sure to check your spam folder, check your account etc, because you don't want them to take action for you, you own your shares and you do with them what YOU want, not what they want. + +[ u\/BULLFROG2500 ](https://preview.redd.it/otjugidqbz671.png?width=920&format=png&auto=webp&s=2c3ddb2e5a0e3a2681c52e026ebbb8b58d8d16fd) + +# Lucy Komisar article lays it all out + +Meet the Investigators There are conflicting arguments about whether GME was a battle of long and short hedge funds, whether retail investors through Robinhood and other trading apps played a significant role, or maybe both. + +Robert Shapiro, chairman of the economic advisory firm Sonecon and undersecretary of commerce for economic affairs under Bill Clinton, believes the war between hedge funds theory, with a healthy dose of “pump and dump” market manipulation and naked short selling. Shapiro has testified before the SEC and criticized it for failing to take effective measures against naked shorting. + +Read the full story here: + +[https://prospect.org/power/how-the-gamestop-hustle-worked/](https://prospect.org/power/how-the-gamestop-hustle-worked/) + +&#x200B; + +https://preview.redd.it/5z0ahx9pbz671.png?width=640&format=png&auto=webp&s=8376d867e156cc1159ea8e7f8a45db2a84ff3877 + +Jeffries LLC raises price target. + +Jeffries raises price target on GameStop. Expects a more digitally led business, see gamers as strong supporters both as consumers and investors: "We're monitoring the human capital changes closely as clues for what the new vision for the business will be." + +good to know is that these are the guys who do the share offering for GME. + +Also love the "Rating : Hold" + +https://preview.redd.it/9rlh086acz671.png?width=554&format=png&auto=webp&s=9315ba216ea26f8585a0b3c765b00bf83b69ce9e + +# EXCELLENT! + +Be friendly, help others! + +as always 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, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +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! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/arnpsboccz671.png?width=400&format=png&auto=webp&s=99ca649ba1a48641af35e210d8e24ccea67fe220 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Edit 1: + +Thank you + +u/22012021 for finding this, this is the chart I saw yesterday, it goes off the premise that the exponential floor is set back by 18 days due to the ATM, I'm very interested to see how (and if) this theory holds up and in what kind of way it will. credit goes to u/FuriousFred for thinking this one up! + + + +[https://www.reddit.com/r/Superstonk/comments/o5y314/0622\_update\_euroape\_jumping\_in\_a\_bit\_for\_log/](https://www.reddit.com/r/Superstonk/comments/o5y314/0622_update_euroape_jumping_in_a_bit_for_log/) + +&#x200B; + +https://preview.redd.it/duc8xsdhqz671.png?width=960&format=png&auto=webp&s=2e059229f6bfa2492e774d4e73be094e3d78683d +BRB – I’m going to be rich!! + +$1000 GIVEAWAY !! + +$100 of BRB token to 10 people + +How to enter the giveaway: + +- Follow @bearbearbrb on twitter + +- Retweet this post + +- Join our telegram channel t.me/BearBearBRB + +- Tag 3 friends + +We will announce the winners Sunday 15 May!! Bear faceRocket + +✅ Buy on PanCakeSwap V2 : https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x65fEaEac745039dA6036FC712C76F873b851BD80 + +✅ Token contract: 0x65fEaEac745039dA6036FC712C76F873b851BD80 + +✅ Website: http://bearbear.io/ + +✅ Telegram: https://t.me/BearBearBRB + +Bear Plans + +In 2022 we are planing to launch an app to support our future goals to build an app compatible with IOS and Android. + +In the near future, we want to develop: + +• New games for the passionate ones. + +• Casinos, to invest and win BRB in a fancy Bear way. + +• Sport betting and eGaming for those who like adrenaline. + +• Farming and staking for reward lovers. + +See you in the forest of winners. BearBear, let’s get it started! + +We are a solid project and we are here to stay!! + +Tokenomics + +BRB. YOU’RE GOING TO BE RICH + +Total Supply: 800.000.000.000.000 $BRB + +60% were locked to provide liquidity + +10% developers + +5% advisory team + +15% owner + +10% burn + +Why BRB + +Because BearBear never stops here, crypto people! + +The future BearBear platform is made for your biggest wishes! With no rake, and no requirement for the use of USD or other fiat currency during the process, our Blockchain fits the bill for all crypto enthusiasts! + +How to buy + +Bear steps ahead + +1. Download Trust Wallet + +Simply visit trustwallet.com and download the application. The app is super safe and very used in the deFi market. (BearBear, don’t forget to never share your seed phrase) + +2. Load your bear wallet with BNB! + +Purchase BNB or BSC to fund your wallet with. These coins are used in the Binance Smart Chain environment. + +3. Got to the DApps tab and click on Pancake Swap + +Pancake Swap is an exchanege that allows users to swap BNB with defi coins. iPhone users must enable trust browser first. You already know it, don’t you, Bear + +4. Swap for BearBear! + +Use V2 on PancakeSwap, click ’’Select A Currency’’ and enter the contract: 0x65fEaEac745039dA6036FC712C76F873b851BD80 + +Don’t forget to set your slippage to 12%! +The much anticipated White paper for the Mission Tsuki project has just been announced live on Instagram by Nick Carter (Backstreet Boys) and Lance Bass (\*NSYNC), who are collaborating on this unique project in the crypto space, dubbed "The next SHIB contender". The white paper, also known as the "Moon Paper", reveals a road map for a far-reaching branded universe, which Lance Bass has called "The next Hello Kitty" of the crypto world. The project has attracted support from Academy Award-winning producer and manager, Michael Sugar of Sugar23 Films (Spotlight, 13 Reasons Why, Collateral Beauty), in its journey to build the Tsuki narrative universe, powered by the $TKINU token.  + +Major marketing initiatives are slated to start this Friday, kicking off with a concert in Los Angeles by Backstreet Boys' Nick Carter, NSYNC's Lance Bass, and other high profile guests in support of the selected charity, The Trevor Project. Marketing and Multiple billboards around the most prestigious sites in Los Angeles are set up to launch this coin into mainstream awareness.  Huge upside on a Token that shattered records on launch (70,000% growth on day one, listed on two exchanges on day three of launch), and is in a mode of consolidation for the next phase of growth. + +🌕 Link to the Moon Paper: [https://missiontsuki.com/moonpaper.pdf](https://missiontsuki.com/moonpaper.pdf) + +🌕 About Tsuki Inu: + +Pioneered by the captivating protagonist Tsuki Inu, the fan-centric immersive brand experience will look to disrupt the traditional financial institution. Built on a steadfast resolve to help others, Mission Tsuki will bridge the gap between the virtual and physical worlds, democratizing cryptocurrency while simultaneously giving back to the broader global community. + +Derived from the Japanese word for Moon, “Tsuki” set out to propel cryptocurrency into the mainstream spotlight. Built on the Ethereum blockchain, $TKINU has the unique utility to unlock the Tsuki Universe presenting a value proposition unlike any other digital asset in history. Mission Tsuki has a clear vision to offer a tangibility in the often intangible crypto space by creating a brand with staying power unlike anything we have experienced before.  + +🌕 Moon Paper Key Highlights: + +Tsuki Saves the World - a PC and Mobile friendly game following the storyline based on Tsuki’s Mission to save the world! In the game, you can play to earn virtual $TKINU used to open gift boxes where you will have a chance at receiving different rewards including powerups, skins, and game themes. You can also compete in community seasonal competitions based on a leaderboard system, to earn NFTs and other rewards.  + +TsukiSwap is their very own decentralized exchange powered by Uniswap, in which you can swap between any ERC-20 tokens, most importantly - $TKINU. In the near future, TsukiSwap will evolve to allow you to stake your $TKINU to earn credits to spend within TsukiOutlet. + +🌕 Brand Rollout includes: + +\-Animated Series + +\-Video Game (Console / Web) + +\-AR/VR + +\-Collectibles + +\-Comic Book + +\-Action Figures & Toys + +🌕 Charitable Foundation: + +As $TKINU is traded, a portion fuels the Tsuki Saves the World initiative, helping those in need. With philanthropy at the forefront of Tsuki’s Mission, leading with compassion and empathy Tsuki embodies the best in all of us. As the movement soars to new heights, the boundless opportunities for Tsuki to make an impact will be revealed. For Mission Tsuki, there is truly no limit - the moon is just a pit stop. + +🌕Key Milestones: + +✔️ Over 11k holders since launch one month ago. + +✔️ Over 5k Telegram members and 5k+ Discord members as part of a vibrant and growing community.  + +✔️  The Moon Paper (whitepaper) was released to the public on June 13th. You can access it by going to [https://missiontsuki.com/moonpaper.pdf](https://missiontsuki.com/moonpaper.pdf) + +✔️ Mission Tsuki has been discussed and covered by Entertainment Tonight, People Magazine, and TimeOut with many more to come as the project gains awareness in coming weeks.  + +✔️ A 30 digital billboard campaign in Los Angeles started on June 9th and will last two weeks. Prime locations throughout The Grove, Palisades Village and The Americana at Brand + +✔️ Mission Tsuki is  partner of the 'Bingo Under The Stars' event in celebration of Pride month. The event will take place in Los Angeles on June 18th 2021 where members of the Backstreet Boys and NSYNC will perform, along with other surprise guests. + +🌕 Links: + +💻 Website:  + +[https://www.missiontsuki.com](https://www.missiontsuki.com/) + +🔒 Ownership Renounced: + +[https://etherscan.io/tx/0x5da9802e52e7d42d7275a565c881c108b433f3dbe56e5a6b9cc2d7fb6bed5ac2](https://etherscan.io/tx/0x5da9802e52e7d42d7275a565c881c108b433f3dbe56e5a6b9cc2d7fb6bed5ac2) + +📄 Contract: + +0xda23d301761e4e2bf474951f978f6dfb6f3c9f14 + +🔒 Liquidity locked: + +[https://unicrypt.network/amm/uni/pair/0x214913d4aab5bb321498edb7309cf68cd8c5d86b](https://unicrypt.network/amm/uni/pair/0x214913d4aab5bb321498edb7309cf68cd8c5d86b) + +👮 Audit: + +[https://solidity.finance/audits/TsukiInu/](https://solidity.finance/audits/TsukiInu/) + +💬 Official Telegram Chat: + +[https://t.me/TsukiInu](https://t.me/TsukiInu) + +💬Twitter: + +[https://twitter.com/missiontsuki](https://twitter.com/missiontsuki) + +💬Reddit: + +[https://www.reddit.com/r/TsukiInuToken/](https://www.reddit.com/r/TsukiInuToken/) + +💬Instagram: + +[https://instagram.com/missiontsuki](https://instagram.com/missiontsuki) + +💬 Discord: + +discord.gg/tkinu +They shut the buy button off before and got away with it. And yes, they need an active buy button to close their short positions. However, once MOASS begins, do you really think they're going to allow retail to drive the price up with their FOMO buys? Unlikely. Those shares are going to hedge funds, banks, and the super elite that need them. This will not be a buying frenzy peasants like us will be apart of. + +Also, I'm sure most of you have gotten used to the luxury of trading fractional shares. It's not a right brokers are required to provide their customers and they can take it away at any time. When the share price reaches $1 million, if you don't have $1 million in your account, then you simply can't afford the stock. + +Maybe you'll make a millions of dollars, but once MOASS starts, they can also turn off margin accounts completely, which means if you don't have $1 million in settled cash, you cannot buy anything. You'll need to wait a full 3 days for your funds to settle, and at that point, the stock could be 10x more than when you sold. + +If you try to sell, hoping to buy more shares back at a lower price, there's a good chance you won't be able to. You're playing with fire. + +When you decide to sell, I strongly suggest it's to close your position for good. Personally, I don't even know what an exit strategy is. +TL;DR: Nope, you need to read this, DO NOT use this strategy UNLESS you have read this AND done your own DD. + +&#x200B; + +With the number of people wheeling I thought I might write a post of Synthetic options and how you can use them. + +***What are they?*** + +Synthetics mimic the movement of a different position using a combination of options. i.e. how can you mimic the movement of 100 shares of long stock or 100 shares of short stock? + +***Long Synthetic - Bullish/ Mimic 100 shares of LONG Stock, UNAFFECTED by Greeks*** + +* Buy ATM (can also be ITM or OTM, but it changes several factors, best to stick with ATM for now) Call option +* SELL the corresponding Put option, of the same strike AND expiration +* E.g. Buy the SLV $24 Strike Call (Jan 2023 Expiration) = $4.18 Debit +* Sell the SLV $24 Strike Put (Jan 2023 Expiration) = $4.03 Credit +* Net cost = *Strike Price Plus Debit Paid* +* *(Image includes commission and others, so the net figure is different)* + +&#x200B; + +https://preview.redd.it/89s9vr3agl671.png?width=656&format=png&auto=webp&s=8879feb6b9413b713fcc0306a0f04e2b422e60e3 + +***Short Synthetic - Bearish/ Mimic 100 shares of SHORT Stock, UNAFFECTED by Greeks*** + +* Buy ATM Put option +* SELL the corresponding Call option, of the same strike AND expiration +* E.g. Buy the SLV $24 Strike Put (Jan 2023 Expiration) = $4.03 Debit +* Sell the SLV $24 Strike Call (Jan 2023 Expiration) = $4.18 Credit +* Net cost = *Strike Price Minus Credit Received (or plus debit paid if the case may be)* + +&#x200B; + +https://preview.redd.it/m3qi9k98hl671.png?width=654&format=png&auto=webp&s=cf211ab23481c1e3500db306a63c9595ad9adae1 + +Now, the obvious risk with a Short Synthetic is the sold call leg, thus the P/L chart showing infinite potential loss. + +The easiest way to mitigate this is by buying a LOWER Delta Call to cover yourself in the case of a surge higher. The expiration does not need to be the same as the Synthetic, I would instead buy the expiration that is far out enough that I am comfortable with (in this case Sep 17th 2021). + +&#x200B; + +https://preview.redd.it/5cwug51lhl671.png?width=657&format=png&auto=webp&s=bac0e82a0e60f13916b06b86ed7ebc1a82540ee6 + +***So Why Use Them?*** + +* The biggest strength of stock vs. options is the lack of theta decay AND the fixed delta positioning, the other big advantage is the fact that a Synthetic grants exposure to 100 shares of stock WITHOUT the upfront costs (you are still subject to the same P/L as if you HAD bought the shares, so keep this in mind), this can make the strategy a good way to make efficient use of capital. +* In effect you are opening a 100 share position for next to nothing in opening costs, you will still be subject to the price fluctuations of the underlying (THIS DOES NOT MEAN YOU HAVE NO RISK... THIS MERELY MEANS THAT YOU DO NOT HAVE TO FRONT THE CASH FOR THE STOCK) + +&#x200B; + +***Synthetic Covered Calls*** + +* Remember that a Synthetic mimics 100 Shares of Stock (hence the 100 Delta). +* This also allows one to sell CCs AGAINST their Synthetic stock position, whilst still retaining the protective put (lower delta than the synthetic), this gives a P/L chart like the one below. + +&#x200B; + +https://preview.redd.it/i7l7szepil671.png?width=652&format=png&auto=webp&s=e651d24c8170f9f10ea39471cc464aa12a163a05 + +Below is the overall Greek positioning for the above P/L Chart + +https://preview.redd.it/x4uyvggqil671.png?width=820&format=png&auto=webp&s=4efcc9b4abc1283a7145a1ad13395a8036514b61 + +As you can see, the position is as close to theta neutral as possible (it will obviously vary depending on the underlying). + +&#x200B; + +***Hedging a Stock Position With Synthetics*** + +* Assume for moment you sell a CSP against a stock. +* Assume that the price falls through and you are now bagholding. +* You now own 100 shares below your cost basis, you cannot really sell CCs (yes you can but most people on here will tend not to). +* You can enter a Short Synthetic (-100 Deltas), this offsets your (+100 Deltas/ AKA the 100 shares of stock). +* This makes you delta neutral, WITHOUT the theta drag of puts, keep in mind this will likely (brokerages vary) prevent you from selling CCs whilst the Synthetic is in place. +* In effect you 'freeze' your position and prevent further loses. +* This also makes it much easier to pivot to a net negative delta position (any puts you buy WILL make you net short that many deltas). + +Hope some of you found this helpful, if you did, let me know, if it didn't also let me know. + +&#x200B; + +P.S. I forgot to mention, you will want to set up your Long Synthetic far out in time (similar to a LEAP, assuming you are using it purely as a long exposure tool), because a risk with Synthetics (or any strategy that involves STO options, is the risk of early assignment). By being further out in time, this reduces the likelihood that you will be subject to early assignment (the person exercising the option would forfeit all the time value their paid for the option). + +P.P.S. I will also encourage anyone who is wanting to implement these strategies to start in a paper account (particularly if you are using Short Synthetics to hedge a position), this will allow you to get a clear plan of when you should "Freeze" your positions and when you should "Thaw" them. As with all hedging strategies you WILL have missed opportunities, the real key is that you consistently apply your plan so that you will (should) never be caught with your pants down. +I can't get my head around why the price of gas is pushing up the price of electricity from all suppliers when some claim to use electricity from 100% renewables. As the price to make 1Mwh of wind/solar energy hasn't increased. +Hi all, + +I'd like to get a firm action plan in place to get a family home within the next 5 years. From looking at the flowchart I'm in step 7 on the short term goal. + +**Situation:** I'm 29 working for a science company, I'm working in the Cambridgeshire area currently earning £37,000 (technically £40,500 with the way the additional benefits /pension contribution works but I'm contributing 18% directly into my pension). Take home (Net) after all of that is £2329 or roughly £28,000. + +My salary growth is not likely to go up by much in the next 5 years I may be taking on some management responsibilities in the near future but I'm ambivalent about being able to turn that into a raise in a meaningful way. + +Currently renting for £600 a month I typically aim to save £1000 pound a month but with increasing expenses that has fallen to about £800 a month, I'd ideally like to buy a family home as soon as possible to get out of the rental nightmare but realistically I'm resigned to it taking at least 5 years. + +**Current savings:** + +(I'm incredibly risk adverse and the fear of losing what little money I have has basically paralyzed me every time I even think of investing which is why my current savings are so poorly optimized, but I recognize that inflation is destroying my savings and house prices are rising faster than I can earn so need to change this) + +\- £47,000 in a Natwest current account. + +\-£28,000 in a credit union account. + +\-£3000 in sell-able collectable assets. + +As I'd need at least £12,000 in my emergency fund that leaves me currently with £65,000 or so for a deposit. + +**Target:** + +To purchase the cheapest acceptable family home (Freehold,3 bedrooms, no buying restrictions, not one of those buy a share schemes, house not apartment) currently within my commuting distance costs about £400,000 (I've heard houses are going for at least £30,000 over asking at the moment from several people so that's optimistic). We'll say that includes all fees involved and the above asking. + +With my saving and maximium 4.5 times salary mortgage that gives me a buying power of £250,000 so I currently have a shortfall of £150,000 + +**Planning:** + +So I understand that at a minimum I need to do the following: + +\-Cash LISA. + +\-Move most of the money out of a current account to a "high" interest saving account. + +\-Maybe S and S ISA?? + +Even doing all these steps I don't see a way to meaningfully close the gap on that shortfall. Even saving 10k a year I'm losing at least 4-8k of its effective value due to house price increases, not to mention inflation outpacing my current account. + +What meaningful steps can I take to achieve this goal? Every time I see bitcoins current price I die internally that I missed the boat on it and that even having had one or two would have allowed me to at least be able to afford a house and its frustrating that a full time job isn't sufficient. + +Any help in coming up with a plan would be greatly appreciated! + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Q: Why a 3 bedroom house?** + +A: Two reasons 1, houses here are very very small and if you have a hobby or two/like to collect books/models/games/music or anything you'll quickly run out of space in pretty much anything smaller, since the rooms are much more cramped than you'd expect. + +Secondly some forward planning for potentially starting a family. + +**Q:Why the other restrictions?** + +A: Freehold (I'm not playing longterm rental I want to fully own my house), No buying restrictions (I'm not of the age to be able to buy retirement properties), Buy a share (again this is rental with extra steps it wouldn't feel like owning a house and I'd need to consult on any big changes), House (apartments have fees, other tennents to deal with, are harder to sell if needed and other restrictions/annoyances/risks). + +**Q: Are all your savings really in current accounts?** + +A: I can't overstate how paralyzing the thought of investing 20,000 into something then losing even £500 of it has been to me. I recognize its not a healthy way to approach long-term but I do seem to get stuck in a survival mode/ need for each month to start with more money than the last regardless of circumstances. I'm actively trying to change this and this post is part of that process. +&#x200B; + +https://preview.redd.it/c3w01n4j6su61.png?width=243&format=png&auto=webp&s=84640be4cb46f270a1be1bb587c9f1c39e60ab54 + +\-Tuesday (4/20) Yesterday (4/21) and Today (4/22) rank #3, #1, and #2 in lowest volume, respectively. + +\-We would have to go all the way back to November 18th, 2020 to find a lower volume day (\~3.169 million shares). + +\-Only 5 days have volume under 5 million in 2021. **4** of those occurred in the last 12 trading days. + +Just for fun, lets check out the volume over those last 12 days: + +&#x200B; + +https://preview.redd.it/m07kv2xfsuu61.png?width=183&format=png&auto=webp&s=a2f96b9e442e1194e15408e0d9c947e941415396 + +10 Day Average Volume (in Millions): 9.045 + +5 Day Average Volume (in Millions): 5.700 + +&#x200B; + +# HODL. +EDIT 2: BBBY hit threshold on 8/16. BUCKLE TF UP! + +EDIT: WATCH THIS INTERVIEW W DR TRIMBATH AKA QUEEN KONG [https://www.youtube.com/watch?v=0lGD-ZnXvEc](https://www.youtube.com/watch?v=0lGD-ZnXvEc) + +Sup crayon munchers? My Mom just let me out of the basement for my daily hour of screen time, so let’s get to it. + +**TLDR:** You have 34 days to DRS your shit + +**Ryan’s Warning:** + +https://preview.redd.it/bqa28pucr6h91.png?width=889&format=png&auto=webp&s=09ae7c40bc318031b45fdd0326a35e111022b523 + +https://preview.redd.it/vu3nclikr6h91.png?width=881&format=png&auto=webp&s=df00697b944e5ddbc3a16002dfb838fbabbfee75 + +He’s not leaving much up to the imagination here. If you want to put an end to the Wall St manipulation then YOU are the share recall. If you want to make sure your moon tickets are safe, then DRS! + +I wrote a silly anecdote on my other post about how I thought of the timing of these upcoming events, but the mouth breathers took it out of context, so I’m gonna just stick to the point here. + +&#x200B; + +**Why is 34 important? 2 things:** + +1. Ethereum’s merge is scheduled to complete in 35 days +2. T+35 trade settlement + +“*But Jango, all those cycles never work out!”* Not so fast young Ape. I’m gonna take you back 84 years ago when you were still pissing the bed & suckling from your momma’s teet. + +On 12/8/2020 GME entered the Reg-SHO threshold list. 35 days later the stock opened at $20.44 and rocketed up 90% to a high of $38.6 on 144,501,700 volume (2x shares outstanding). The stock continued to rise exponentially until Wall St made the biggest mistake in history by removing the buy button. + +&#x200B; + +**Ok hold on, what’s Reg-SHO?** + +It’s what keeps Hedgies up at night. Per Investopedia: [https://www.investopedia.com/terms/r/regsho.asp](https://www.investopedia.com/terms/r/regsho.asp) + +Now here’s the requirements on closing shorts. Our favorite Pomeranian u/Criand colored this for us many moons ago. + +&#x200B; + +https://preview.redd.it/ta9lrmgqr6h91.png?width=975&format=png&auto=webp&s=b7dd793dc519e763c49efbea4dc3e31fe536bde0 + +There’s a ton of good research on Reg-SHO and its shortcomings by Dr. Trimbath, and I agree that like most of our financial system it is shit. It has several settlement dates listed but AFAIK if the shorts ask “pwetty pweez can I haz some more time?” they are able to extend out to T+35. Longer it takes, the more I buy. Which leads us to the ticking time bomb, & RC’s ace in the hole: BBBY. + +&#x200B; + +**BBBY IS ABOUT TO HIT REG-SHO** + +As we all know by now, at least some of the short position against GME is in a basket of brick & mortar co’s, including BBBY, leading RC to buy-in and profit off of MOASS without selling his GME shares. Using the most current FTD data for July (Someone buy the SEC some fucking coffee so we can get this faster), I calculated an average FTD rate of 4.03% daily volume. + +&#x200B; + +https://preview.redd.it/1lzw8u6tr6h91.png?width=791&format=png&auto=webp&s=e8e815f1d935ebf0f27117571dae8d825124ac52 + +In the past 5 days, BBBY has traded entire shares outstanding almost 5X. If we apply a 4% fail rate to daily volume, this easily clears the benchmark of .5% FTD of total shares to qualify for Reg-SHO. + +&#x200B; + +[\\"Those are as good as shares sir, they're IOU's!\\"](https://preview.redd.it/svgpcrjur6h91.png?width=866&format=png&auto=webp&s=946b349c56f07836dd330b42908c42882b1efe04) + +If BBBY follows the same path as GME, we should see a huge move up on September 15th. What happens after is uncharted territory, cuz ya know CRIME.. + +*But Jango, this is a GME sub, wut have to do with us?* + +Have you been living under a rock? OUR CHAIRMAN bought 9.8% of the company @ $15.34/ share, has a metric shit ton of calls, and he just kicked the CEO to the curb. He brought on a whole new Board of Directors who are giving forward guidance by the end of month (BABY spin off?). Over 100% of the float is shorted (sound familiar?) Oh and the media is giving it the “Forget GameStop” treatment too: [https://finance.yahoo.com/news/bed-bath-beyond-dumpster-fire-out-of-business-181505056.html](https://finance.yahoo.com/news/bed-bath-beyond-dumpster-fire-out-of-business-181505056.html) + +&#x200B; + +[How much coke you think this guy does in a day?](https://preview.redd.it/59q8yjkyr6h91.png?width=972&format=png&auto=webp&s=f75df35fb0e46079129181856405c14f791a8fcd) + +&#x200B; + +[seriously, how much coke?](https://preview.redd.it/xowyso91s6h91.png?width=953&format=png&auto=webp&s=23e6678764063c113cad82d216b82e10eab2e92e) + +&#x200B; + +In summary, I think BBBY is a huge part of RC’s master plan but this alone isn’t enough to trigger MOASS. Think of BBBY short settlement as Gohan lending his strength to Goku (GME) to drop the Spirit Bomb on Wall St cucks. I am in no way shape or form encouraging buying this over GME, I think this is already set in motion. GME is the only MOASS. Now what else did I say is happening September 15th? + +&#x200B; + +**THE ETHEREUM MERGE** + +IMO this is the biggest catalyst we’ve had since the discovery of DRS. Ethereum is the backbone of the alternative financial system, the Fed Killer if you will. GameStop has been waiting on this and has positioned itself to be the go-to Marketplace that will be home to ALL Intellectual Property. Games, Movies, Music, Art, Podcasts, and potentially tokenized securities. + +The Merge is the transition from Proof of Work (crazy energy cost like C eye A buttcoin) to Proof of Stake. In the smoothest of summaries this means: + +1. Cheaper to use +2. Faster +3. More Secure +4. 99.9% more environment friendly +5. Staking rewards +6. No mining-sell pressure + +This is a massive transition that has been many years in the making. With everyone in the world besides us hoping GameStop will fail, it only makes sense they would wait for its blockchain to be fully functional and upgraded before releasing. + +Here’s more info concerning the merge: [https://ethereum.org/en/upgrades/merge/](https://ethereum.org/en/upgrades/merge/) + +&#x200B; + +**Will this be enough to ignite MOASS?** + +It damn well could be. If I’ve learned anything from this saga its: + +1. Don’t fuck with gamers +2. Ryan Cohen most definitely does not have a small wee wee +3. Ask what you can do for your company + +I believe the full launch of the marketplace will surpass even the highest of our expectations, and it’s very likely that it will be paired with something Wall St isn’t expecting. Tokenized stock exchange, spin off of GMErica, take your pick of theories.. Here’s one of my favorite DD’s from u/sharkbaitlol about the potential [https://www.reddit.com/r/Superstonk/comments/pe37k7/the\_gme\_warpath/](https://www.reddit.com/r/Superstonk/comments/pe37k7/the_gme_warpath/) + +&#x200B; + +**Conclusion** + +I believe RC has lit the beacon for MOASS and gave the final warning to DRS. If you haven’t seen enough evidence of fuckery to DRS at least part of your position by now, then idk what to tell you. I am not calling for MOASS to happen specifically on this day, but I believe these are 2 potentially huge catalysts and I sure as hell wouldn't want my shares in slimy ass street name when it goes down. The music is stopping and Wall Street is about to be left holding the biggest bag of odorous excrement ever assembled in the history of capitalism. People will be looking for answers when Wall St blows everything up again. Are you ready to show them the way? + +PS: You should check out what happened on 9/15/2008. Rhymes w Semen Brothers. +Hopefully this doesn't come across as too much of a brag, I just want to really get it into people that loyalty really doesn't pay (in most circumstances!). One of my close friends refuses to leave despite being underpaid and afforded no opportunities and I find it really frustrating because he is otherwise very competent. I am just astounded by my salary trajectory after deciding to leave a company I was at for 7+ years (\~5 years in a specialist role). Here's the basic story: + +**Company 1 (Start of specialist role)** + +Year 1: 80k package (70k base) +Year 2 - 4: 110k package (90k base) - *two years of stagnation* + +**Company 2** + +Year 4.5: 150k pkg (135k base) + +**Company 3** + +Year 5: 200k pkg (162k base) + +The roles are basically the same responsibilities as from Year 2, maybe I am more efficient and competent within that role now but I would not expect such growth from that alone. Is this anyone elses experience? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your 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) +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/ywAGqfUAQE) +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/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) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +First, a fact I would like you consider: Ryan Cohen has been GameStop's Chairman for only [281 days](https://www.wolframalpha.com/input?i=how+many+days+since+June+6+2021). + +Let that sink in. + +I'm not going to post any links because I don't want users who have been swept up by FUD to start getting accused; that's anti-productive. It **is**, however, important to note that a significant campaign against Ryan Cohen is definitely being smeared across the internet this week. + +Please stay vigilant; I've had to downvote/report several posts that have reasonable titles, decent first paragraphs, then suddenly plummet into criticism of Ryan Cohen demanding some sort of action. + +Why is that a problem? Well, frankly, because believing in RC to take his shot and shoot it well is the single thing that DRS apes, Options degens, and long-term deep value investors all share. + +Anyone who saw RC's work at Chewy knows that he intends to release an efficient, effective, system. He intends to develop this system to bring value and delight to customers. If you haven't seen that implemented on a grand and unignorable scale yet, then you are not disappointed by RC, only waiting for him. + +Basically, nobody here has any reasons to doubt RC's methods until he's actually fully implemented the changes in GameStop that he put his CASH into. So, why suddenly now? Because FUD. + +NOTHING HAS CHANGED. RC and GameStop will change the game, but it takes money and **time** (fermenting) to have whiskey. + +BUY, HODL, DRS is my only way. + +Hold them accountable, and don't let them divide sensible investors with their schemes. + +💎 🙌 🚀 + +EDIT: To those who say I am insisting on no accountability, I tell you that is not the case. I am insisting we recognize what RC **HAS** communicated to Gamestop investors: + +*"You won't find us talking a big game, making a bunch of lofty promises or telegraphing our strategy to the competition... moving forward, we want you to judge GameStop based on our actions, not our words!"* -Ryan Cohen **Jun 09, 2021** + +⬆️ This means that if you've bought in since June 9, 2021, you knew what to expect from Ryan Cohen or hadn't heard his snippet from the conference call. + +Therefore, until at least a year after that statement, I have no need whatsoever for Ryan Cohen to sweep in from the clouds and save the world with super memes. I just like the stock, and leadership, and I want to give them the room to work without telling the entire world what strategies they intend to use. +Today I sold my ether. The price, 3x what I paid for. It’s not that I lost faith in the crypto, but instead I want to pay for an experience of a lifetime. This summer I’m going to do a bike tour in Europe, paid for with only the money I made from ether. I can’t explain how good it feels for this to be really happening. I believe ether will continue to rise, but at this point in my life, I think paying for an experience of a lifetime is priceless. I’m okay either way, whether it goes up to 1000% or falls to shit in the next couple years. I’ll still have this experience thanks to crypto. + +<3 + +Backstory—I’m a college student lucky enough to have been able to accumulate some savings while working summer jobs and part time during the school year. Took a HUGE risk, took my money out of “safe, long stocks” and put it into ether, right around Cryptokitties time. + +Thanks! That’s all I had to share. +Title. This is it, fellow apes and comrades. We have made it this far. We have beaten our drum incessantly demanding justice come to these Wall Street crooks, and they are about to be flattened under our weight. + +But I implore you. Do NOT get cocky and lose focus. Don’t get arrogant. Don’t start thinking it’s a piece of cake. In fact, I encourage each and every one of you apes to start acting and thinking NOW like a Navy SEAL about to go into the most important, the most dangerous, high-risk operation you’ve ever done. + +Almost every bit of bias about the MOASS has been confirmed. But the most important part of the MOASS theory is about to be tested—diamond fucking hands. + +Essentially, there is NO way for us to know what kind of mental or emotional state we will go into when our portfolio is literally in the millions, tens of millions, and hundreds of millions. The floor is $35mil IF NOT $50 MIL. Are we prepared to HODL until those numbers are reached? If not, do some thinking. Do some soul-searching. Go off into nature and think long and fucking hard about what’s ABOUT TO HAPPEN. Apes have the financial system by the balls. Do we have the courage to stand and fight our final fight? Or will we get scared, doubtful, and meek in the final hour? This is our witching hour. We either bring it all home or we miss out on the greatest opportunity history may ever present us, or any group, with to beat the system. + +It may seem surreal to some to reach those numbers. The truth is, it’s entirely up to us what the price goes to. If nobody sells, we will reach Alpha Centauri. Just think now about it: is your share worth $10mil? $20 mil? $30 mil? Or beyond? We can skirt off with decent winnings that will certainly last us as individuals a lifetime at those levels. But I don’t think anyone is really here just for themselves. I want. The house. To be destroyed. They fuck us, time and time again, year after year, month after month, day after day. They stole our parents and grandparents $ like it was nothing. They’ve robbed entire generations of their right to pursue happiness, they keep us locked in a perpetual, inescapable cycle of wage-slavery and debt. They did this on purpose and by design. These are the ‘people’ we’re up against. Ask yourself now: do they deserve an iota of mercy or forgiveness from even a single one of us? + +This is how history is made. This is how revolutions occur. It is made by a tsunami of individual effort and will that begins to transcend all logic, all reasoning, or all questions designed to quell it. There is no discussion here. We are winning this war (not just battle) and we are TAKING BACK what is rightfully ours. No questions, no debate. We have the DD. We have six months of rock solid evidence of financial terrorism and war crimes exercised at a level that is unfathomable to the rest of the planet. + +So stand up. Take a fucking bow. Congratulate yourself and appreciate every single god damn ape you’ve met here, every single meme and each DD you’ve read. It has made you into an indomitable, fearless warrior and you are about to fight your last fight. The world needs you. Your entire family, your friends, your ancestors, your children and grandchildren NEED you now. And you will rise. You will fight. As an ape said yesterday, enjoy these moments because it’s about to get bloody and it’s all about to change. + +Just remember. These people decimated the *entire global economy* in 2008, got bailed out by American taxpayers, then started doing the same shit years later. Entire families, homes, livelihoods were destroyed in the tens of millions in every country. We will not, we must not, we CANNOT let that happen again. This is our One. Chance. + +Your shares of GME are likely the most valuable asset on earth right now. Be prepared to hold onto that FACT as this rocket starts to ignite. + +That is mostly all. I just want to implore you now. Take a long walk or hike. Reflect on all you’ve seen, heard, read, witnessed and experienced since December or Jan. Do you believe in the MOASS? Or will you flake out at $5/10mil? + +Do not hold for life-changing money. Hold for one thing only. World-changing, paradigm-shattering, fuck you in the teeth and beyond money. That’s exactly what these people deserve and that’s exactly what every single ape should be prepared to give them. Hodl for the PLANET because whether we like it or not, we are the ones in power now. We are the ones with the ONLY chance to stick it to the system so fucking hard that they crumble. Are you ready for that? Would you fight and die for that? I would. That’s what I come to this sub every day for. The gloves are off and there is no turning back. I want to utterly erase this fraudulent system (DTCC), take my winnings and rebuild from scratch. Who’s with me? + +This is not a drill. Take a beat and prepare yourself now for one of the most important things humanity has ever embarked upon. You, reading this, yes you, are smack dab in the center of it. Are you ready? + +Actually, yeah. Fuck these guys. The floor is $50,000,000/share. + +edit: obligatory this is not financial advice, all hypothetical and nothing I said here should be taken seriously. I’m speaking on my behalf. Do whatever you want. + +edit2: fucking watch this. + +https://youtu.be/POdknqszMDY +Beginning of the year had 47k in my dividend portfolio and saved thousands in my bank. Well life happened and I had major expenses to cover on my house which in total cost me about 9k and had CC debt. Had to withdraw from my portfolio to cover it, but now I got no more debts (hopefully) and even though I had to take a large chunk from my portfolio it's down to like 38k I have free now an extra 800 a month to contribute. Just made me sick to my stomach having to sell some stock and watch my dividends go down.😫 The silver lining is I guess no debt. +Good afternoon r/dividends, + +It appears the subreddit has crossed 250,000 members on February 2, 2022. Coincidentally, according to [the data available to me](https://subredditstats.com/r/dividends/), this subreddit crossed 100,000 members on February 2, 2021. +[What the U.S. Loses When Americans Save Too Much](https://www.theatlantic.com/ideas/archive/2021/06/pandemic-savings-threaten-economic-recovery/619303/) + +“It’s awkward for a card-carrying economist to urge people to save less. But Americans of late have been saving not to finance their kids’ education or their own retirement; they’ve been saving as a precaution against the possibility that the pandemic might ravage their lifestyle. All of that saving didn’t capsize the economy only because Washington stepped in with checks for nearly everybody. Because those are ending now, along with the worst of the pandemic, Americans can support a strong economy by saving only for their future needs and not out of fear.” +I sold all my positions, most of which were in my 401k, on feb26 and feb27, and rode the train all the way down, and all the way back up. + +I've been waiting on the next shoe to drop, sitting entirely in cash, and it simply won't come. + +I could tell you the 500 reasons why I still think the market will and should drop, but I can't deny that it isn't and there is an increasing chance that it may not (significantly). + +I had drawn a line in the sand, and said that if the market got back to where it is today, that i would be forced to buy back in. The line has been reached and I am now rebuying most of my old positions for basically the exact price I sold them for, while some of my others that im not buying back into are even higher (IT oriented). + +I couldve bought in sooner and locked in some gains, but I wanted to remain greedy. + +Oh well, huge missed opportunity and now I'm fully exposed to this crap market and actually worse off than if I had done nothing. + +You can all laugh at me now. + +I should've just taken my tiny 5% victory last week. +I have been wondering about the assets that yield a monthly/ quarterly income so that one can be financially free to think about other investments. +Are there any assets that do so? + +Edit : i am not talking about bonds or trading because you have massive liquidity issue there. Something risk averse and stable. +Hey guys! + +So my girlfriend has answered a post in a private facebook group requesting if anyone would like to make money from home. The individual that posted the ad seems legit, long standing account many friends and posts and legitimate pictures. The individual says she requires someone for financial management, receiving payment from their business client, then making payout to customers for goods and services. The individual says they will train her in performing her tasks, and has requested my girlfriend to open a bank account with a specific bank. Apparently the person sells fabric and textiles, when she received her resume the individual said that she can start tomorrow using her personal account, until the new bank card is received. I'm leery of the situation as she doesn't know this person personally and also wonder why the person wouldn't use an accountant/legitimate financial adviser for this. The person claims to work multiple jobs and does not have the time to perform the financial side of their dealings. We live in Alberta, Canada so i know this will narrow down the responses. Wondering what precautions she should take concerning taxes. Essentially my girlfriend will receive money from this individual and be required to pay out her vendors i do believe. Is this going to become a big issue come tax times. What are the risks of her receiving large amounts of money and distributing from her personal bank account. Could this be some sort of scam or a way to make her a potential scapegoat for illegal dealings as a sort of middle man. We're not crazy financial savvy and i wish i knew what kind of things any of you would look to give advise, i'll respond to comments as much as i can. Plz help!P.S. the individual is requesting my girlfriend work 5 hours a day, 5 days a week for 50$/hr working out to $5000 a month without taxes. I do believe this individual will meet her soon in person and break down the whole situation, not sure if there will be paperwork or agreements involved.Thanks a lot guys! + +​ + +Edit 1: After some of the comments, i'm wondering if she requests the individual open an account in their own name, giving her access could this protect her. + +​ + +Update 1: The individual specifically has asked for her to send all the answers to security questions, passwords and account info. Obviously this is an absolute no go. + +Update 2: This person has now sent screen shots of their business account showing in excess of 12,000$ and has said that they require my girlfriend to operate from her own account to see how she manages it before giving her access to their business account. + +Update 3: Sorry guys! I was away doing the dad thing, but i have been telling her from the start that it's crazy and that there's no way she should entertain it. Your guy's overwhelming response has helped me sway her to see the light. You guys don't let me down thanks a lot but she will not be opening any new bank accounts in the near future :) +Nationwide Building Society (ticker symbol NBS) has a market cap of £1.5bn. + +Their most recent annual report shows £3.8bn in revenue and £1.25bn in profit. The balance sheet shows £15.7bn in total equity. Business metrics are trending up, the business is growing. Annoyingly they don't pay dividends. + +What am I missing? +Hi there, I'm looking to purchase a property in London. The area i'm interested in is Canary Wharf/Greenwich as the environment is quite nice. I've viewed a few 1 bedroom apartments (all around 50 sq mtrs) and made offers for the ones i like. They are all low-rise / around 20 years old / and all have cladding issues which i hear requires about £5k-£20k and is cash only (which i am fine with at the moment as i have cash sitting in my home country). They are advertising at around £300-330k. The thing is i've made offers for them at around 15-20% discount and 2/3 i've made offers for have come back accepting the offer rather quickly - at basically the same price the owners bought the apartment for back in 2013/14. I'm wondering am i missing something here? Is this good value because i can muster just enough cash with my boyfriend to purchase? Or is there some serious risks and costs i'm not accounting for with the cladding issue? +Hello everyone, I am currently investing $100 a month into VOO and I'm planning on opening a position in SCHD with a reoccurring investment of $10 a week. I know I should mainly prioritize growth stocks in the meantime but I wanted to know y'alls opinion on starting early with dividend investing. I figure that if I consistently invest $10 a week would help me snowball pretty effectively before I retire. PSA I plan on increasing that weekly investment as I work on my career. +About a month ago I made the decision to stop pair jumping and narrowed my focus on 3 pairs - AJ, CJ, & NU. Suffice to say for the the first time since I started learning to trade 6 months ago I had my first consistently profitable trading month and even passed the FTMO demo trial 2 times in a row. This may not sound like a big deal to all of the millionaire Reddit traders out there but this is major for me. + +When I first decided to narrow my focus I wanted to watch all 3 pairs but eventually I only focused on 2 pairs, NU & AJ. Granted these pairs have been trending pretty +well lately the main take away for me was focusing on a smaller number of pairs forced me to be patient and wait for my optimal set up. Not only did I become more patient I got to know the pairs very well and discovered their nuances and even incorporated those details into my trading plan. + +A month of trading is in no way a large enough sample size to say my trading plan works or not but my trading psychology greatly improved because of this. I realized that by clicking through 8 - 10 pairs at a time I was literally just gambling and chasing trades instead of letting them come to me. Trading forex really does reveal your mental inadequacies, I was impulsive and honestly started to develop somewhat of an addiction. + +All of this to say, it’s important to find what works for your personality. There’s no guru or course out there that’s going to give you your edge, forex is a beautiful sport if you’re motivated willing to put in the effort and develop yourself. +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! + +Ripple's price has been steadily dropping with respect to bitcoin price in the last few days. I've been seriously considering converting some of my bitcoin into ripple. Any advice for a novice crypto investor? +Hi everyone, I just turned 18 and I have about $170k in Social Security death benefits from my late mother that I would like to put some place besides a HYSA. + +I'm starting university in October (UC system, staying home) and I estimate my first two years will be covered by scholarships. I'm currently seeking a part-time job to cover miscellaneous expenses, and I've already been approved for a secured Discover card so I can start building my credit. + +More specifically, I'd just like some recommendations on what to do with all that money. I'd definitely keep some in cash but I feel that some of it is better used elsewhere. I know a Roth IRA would be a good place to start, but I'm lost after that. + +EDIT: A lot of people are offering condolences, which is much appreciated, but my mom died in 2011. I've done lots of grieving over the years and I'm doing well now. + +Social Security supplies a death benefit for all children with a deceased parent so that the living parent can provide care. My dad makes enough that it was never needed (but large purchases like clothes and school supplies would come from that account.) I also think some of that came from a life insurance policy, but I'm not too familiar with the breakdown there. +It’s very simple, one is a total market index comprised of 4000 stocks, and one is a dividend growth index of around 100 stocks. They are tracking two complete separate objectives. Buy VTI if you want to own the entire US stock market. Buy SCHD if you wanting growing dividend companies. Comparing these is like comparing apples to oranges, it doesn’t make sense. +I recently wrote that too many on this site have never experienced a market crash. The link is here: [https://www.reddit.com/r/stocks/comments/ru0ic7/too\_many\_of\_you\_have\_never\_experienced\_a\_stock/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/stocks/comments/ru0ic7/too_many_of_you_have_never_experienced_a_stock/?utm_source=share&utm_medium=web2x&context=3) + +Now, I am beginning to believe that too many don't know what a bear market is. Bear markets occur when prices in a market decline by more than 20%, often accompanied by negative investor sentiment and declining economic prospects. + +The S&P 500 closed at an all-time high on January 3, 2022, at 4,796.56. We are now at 4615.50 midday on January 10, 2022. We are only down 3.8%. That is nowhere near the 20% to qualify, and it doesn't even qualify as a correction (-10%). + +In the meantime, people need to chill, stick with fundamentals, and focus on quality. +https://www.wsj.com/articles/federal-reserve-meeting-interest-rates-bond-purchases-june-2021-11623777582 + +WASHINGTON—Federal Reserve officials signaled they expect to raise interest rates by late 2023, sooner than they anticipated in March, as the economy recovers rapidly from the effects of the pandemic and inflation heats up. + +Their median projection showed they anticipate lifting their benchmark rate to 0.6% from near zero by the end of 2023. In March they had expected to hold it steady through that year. +Prompting the policy shift is a much stronger economic rebound and hotter inflation than the Fed anticipated just a few months ago. + +“Progress on vaccinations has reduced the spread of Covid-19 in the United States,” the Fed said in a statement following a two-day policy meeting. “Amid this progress and strong policy support, indicators of economic activity and employment have strengthened.” + +In updated projections released Wednesday 13 of 18 officials indicated they expect to lift short-term rates by the end of 2023, up from seven who expected that outcome in March. In March, most of them anticipated holding rates steady through 2023. + +The Fed has held overnight interest rates steady since March 2020, when the effects of the pandemic caused the sharpest economic contraction in generations. The central bank also has been purchasing at least $120 billion a month of Treasury and mortgage bonds since June 2020 to hold down longer-term borrowing costs, providing further support to the recovery. + +The Fed reiterated that it expects to continue bond purchases until “substantial further progress” has been made in the recovery. + +Fed officials want the economy to get closer to their goals of “maximum employment” and sustained, 2% inflation before reducing the bond purchases. They have said they want to fully achieve those objectives before they raise interest rates. + +Since officials’ previous meeting, in April, the labor market’s progress has been somewhat slower than they had anticipated. Employers added 837,000 jobs in April and May, leaving total employment 7.6 million jobs shy of pre-pandemic levels. + +Policy makers have become less confident in recent weeks the economy can recover all the jobs lost amid the pandemic without spurring inflation. Some 2.6 million people retired between February 2020 and April, according to estimates from the Dallas Fed. A steadily aging U.S. population suggests limited scope for reversing that trend, some economists say. + +In contrast, inflation has been higher than expected. The Labor Department’s consumer-price index rose 5% in May from a year earlier. + +That inflation rate, the highest since 2008, makes the Fed uncomfortable, even if officials believe it reflects mostly temporary factors that should fade later this year. They worry that if inflation exceeds 2% too much or for too long, it might lead businesses and consumers to anticipate more inflation in the future, which can become self-fulfilling. Evidence of rising inflation expectations would likely require the Fed to tighten policy sooner or more aggressively than planned to re-anchor those expectations around 2%. +Translated from Italian Using Google translate (Italian Apes, feel free to correct) + +Original article: [https://www.money.it/Dubbio-ritorno-Gamestop-Fed-short](https://www.money.it/Dubbio-ritorno-Gamestop-Fed-short) + +&#x200B; + +**The Question behind GameStop's return: is the Fed "instigating" a short squeeze?** + +Mauro Bottarelli + +26/05/2021 + +05/26/2021 - 09:25 + +*Another record for the reverse repo: the system is bursting with liquidity and the endgame for Quantitative easing is approaching. At the same time, the media returns to recommending purchases of meme stocks and their valuations explode. Just like in February. And the short interest on Standard & Poor's also rises to the maximum of the year. Does anyone think of an "alternative" form of using excess cash, by forcibly hedging short positions?* + +&#x200B; + +https://preview.redd.it/faznilhr4z171.png?width=680&format=png&auto=webp&s=8c200703e5c02dd9d757ccdad4d09df7a448c450 + +If the reverse repo facility (RRP) has literally exploded with liquidity for days, a symptom that Quantitative easing is dangerously approaching the endgame phase, **how can you buffer the situation without having to accelerate dealing with the facts - and not just words - that taper** that such a deposit trend seems unequivocally to claim? Perhaps, **creating the conditions for another wave of short squeezes similar to that of last February,** capable on the one hand of engaging liquidity on the market for forced hedging of bearish positions and on the other of bringing the retail investor, **burned by sharp declines, closer together. Recoiled but still loaded with stimmy money from the federal program** which will expire at the end of September. + +The question arises, connecting the dots of what happened on the market yesterday, almost as if the underground and apparently disconnected moves of the subjects in the game were dots of the mysterious Week. Starting from the reverse repo of the New York Fed and from this graph: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/96a76kt25z171.png?width=500&format=png&auto=webp&s=0af60ccb51fff8a3b88ef42bd7fc32544fba4ce0) + +**433 billion in use, 38 more than the day before, 190 billion more in a week and third highest level ever.** In short, the Fed continues to flood the liquidity market with its purchases of securities on the secondary market for 80 billion per month (plus 40 of Mortgage Backed Securities) but this is beginning to no longer know where to store that cash. **And then he brings it back to the Fed, obtaining as collateral the same Treasuries that the Central Bank drains into the Quantitive Easing.** + +A round match. Which, however, is now about to reach its maximum boiling point. The pressure cooker called RRP is whistling ominously. Stronger and stronger. Longer and longer. **Because soon, the collateral will end and with it the possibility of monetizing the debt.** And although, in view of the board of 15-16 June, at least two members of the Fed a day take turns having their say on the taper, **everyone knows that pulling the plug in a really drastic way seems impossible.** A trick is needed. A controlled accident. Or, better yet, a beautiful media event. And here, while 48 counterparties deposited liquidity at the Fed, **two names ended by the wayside were back on Wall Street: GameStop and AMC Entertaiment,** the spearheads of the so-called meme stocks, in the mood for redemption with - respectively - a +29 % and + 16%. + +Became a global topic of discussion in February, **when their short squeezes hikes monopolized the headlines and blew up Melvin Capital,** a heavily exposed short and caught hedge fund with totally off guard, suddenly they seem come back in vogue. Like certain sneakers. **Change of management? Merger or Acquisition Announcements? Partnership with Tesla for tourism on Mars?** No, just the fact that they were the first and third most covered topic of the day on WallStreetBets, as the graph shows. + +&#x200B; + +[Source: Swaggy](https://preview.redd.it/sicnmsyc5z171.png?width=500&format=png&auto=webp&s=0a4f6e7b98c54bd893796d9a7ced933ee17904b8) + +And, consequently, to have then monopolized Twitter and Stocktwits by default. And even in this case, no news relating to the accounts or the business plan guaranteed content to the conversation: **someone threw the stone and everyone followed suit.** + +Starting from a very classic theme: AMC's short interest had just returned to all-time highs. **Air of short squeeze, in short.** As irresistible as the scent of croissants in the morning. All said and done, the tweets have turned into facts. That is, purchases. **At 2.35pm yesterday afternoon (New York time) they had changed hands some 123 million AMC stocks,** becoming the second most traded among those valued above $ 1. Retail trading on GameStop is also less aggressive but still very active, with 8 million shares traded, more than double what happened in the last 10 sessions. The reason? The short interest of the video game chain is still unappetizing for a frontal attack strategy, as the graph shows. + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/ocf2zdun5z171.png?width=500&format=png&auto=webp&s=5f42307401a22213c2a7348f8c968eea3d9263bd) + +On the other hand, this other image: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/qnlnje0s5z171.png?width=500&format=png&auto=webp&s=20c8162a5670f6b25bf7edad8aadd5eb297f0689) + +summarizes the day: **the basket of stocks most followed and traded by users of WallStreetBets - with a clear aim of short squeeze - marked the greatest increase since the beginning of April.** Without a reason, in fact. But you know, **anyone can write anonymously and covered by nicknames on those chats.** Perhaps, stirring the spirits of those who want to punish the real banksters of Wall Street, hitting them with their own weapons. Perhaps, by typing those appeals to the revolutionary use of the security account from a computer of a neat desk of some bank or hedge fund that buys trading flows from Robinhood to set up its algorithms\*\*. And who, also being a Primary dealer, is now joining\*\* **forces with the Fed to avoid a repo apocalypse** + +But here's this chart: + +&#x200B; + +[Source: Bloomberg](https://preview.redd.it/36q16i216z171.png?width=680&format=png&auto=webp&s=fc395d95c2d30d730a456aaa05d1d73b47b26f31) + +shows how in a further and suspicious contemporary, the short interest on the ETF that traces the Standard & Poor's 500 - SPY, a giant worth 357 billion - has risen to the maximum level since the beginning of the year. **About 4.8% of the fund's shares are now on loan pending a collapse in valuations, just as the index fluctuates at an all-time high.** A month and a half ago that percentage was 2% and 1.7% at the beginning of the year. Of course, during 2020 that level had risen several times above 7% but today's timing appears decidedly different. At the time, in fact, the market was suffering from the evolution of the pandemic but benefited from the support of central banks that appeared to force four and indefinite, **today instead we talk more and more frequently and openly about tapering that stimulus.** + +In short, potentially, two bearish pressures are joining forces in their bet against the market, both at the level of meme stocks and the Wall Street benchmark index. So, if it is a short squeeze, **triggered by any gust of optimism (true and presumed) from the Fed or the Treasury or Congress,** some other hedge fund seems destined to join Melvin Capital. **Triggering a period of great tension, with thunderous but controlled declines and an increase in VIX: ideal for burning some liquidity.** Thus avoiding it ends up in the reverse repo facility, which will deflate like the short interest of these days. And in this way it will stop putting further pressure on the decisions - real and concrete - of the Fed. But maybe, it's just fanta-finance. +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 $7 every single day... I’m so mad at myself for letting it get this far, but I’ve bought some pre-made iced coffee and some microwave breakfast sandwiches... wish me luck +In summary: Money management is crucial, avoid revenge trading, respect your plan and never ever increase position size from one trade to another if it has the same risk! + +&#x200B; + +I started to take day trading seriously sometime last fall. My main motivation behind it is to create an extra source of income to improve my life quality. The idea of making a few 100s$ 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. +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 +Hi. I'm venezuelan, and, simply put, things are bad here. + +I'm not going to go into details, but I have to work multiple jobs in order to put food on my plate. I want to get into Forex trading and my main question is... Is it a viable option to get out of poverty? + +My vision isn't to have fancy cars, fancy houses and all that. I simply want to become good enough so I won't have to worry about money much until I leave the country. I'm aware of the risks, but before I sink the time into learning all there is to learn about trading I want to know if it's worth it for someone who doesn't really have much of an initial investment, but is willing to put in the time and effort to live at least semi-comfortably. +&#x200B; + +[BOUGHT 10 ETH at the rate of $2,803 per ETH.](https://preview.redd.it/o6fzydwcaiq71.jpg?width=540&format=pjpg&auto=webp&s=9aa11fae104ad045d9ad854215fa2d4e54dc4aab) + +[100 ETH Staked at 5&#37; APR for ETH2 Rewards over 5 years](https://preview.redd.it/bjdlm92caiq71.jpg?width=470&format=pjpg&auto=webp&s=f65fc04d8923dcfccec1af41f566508c41e64f60) + +[ETH2 Earnings Projection over 5 years.](https://preview.redd.it/dtc9ywb8aiq71.jpg?width=474&format=pjpg&auto=webp&s=763daca67b511f9e28db1b1ef401e2b20a4d3c96) +Long time lurker/commenter, first time poster. I went into $BB at $19 and yes I'm realizing thats not the best entry point into this stock. However, I'm not sure this plummet is justified considering the overall positive news around its retasking efforts and I'm looking to reload on an extreme dip. Question is, where is the floor? Do people think its retreating to summertime levels? Has anybody here done a recent technical analysis? +I am a mid 20s Romanian software engineer currently living in Romania, and I don't have any plans of changing that anytime soon. + +I've made a bit of money in the past years, but kept it all in cash until now. It's mostly gbp and usd: about £150k and $45k. Not super happy about having that many pounds while not living in the UK. + +Currently, I freelance for US based companies, making around $6k per month post-tax (which is very low), but I think it will go up to around $10k starting next year. So let's say roughly a $100k per year net income. I spend around $1000 per month for now, but I'm a little too thrifty, I plan on going to around $30k per year starting next year, leaving around $70k per year for investments. + +My goals are: +- consolidate all my assets: I have a couple of accounts in Romania, a couple in the UK, plus Revolut, some taxes to recuperate etc). Ideally, I'd like to have a spending account (Revolut), a "real" account (some Romanian bank) and all my other investments with a single broker + +- find an efficient way to easily exchange usd to ron for day-to-day spending; currently I just top up Revolut RON from Monzo GBP, I don't even know at what exchange rate + +- pick a good place to invest all of my current cash (my next salary is 6 months' living expenses, so I'm not worried about having everything invested); my initial plan was to invest in real estate when the prices drop, but, thinking about it more, I'm really bad with paperwork, I would procrastinate on paying taxes, doing repairs, looking for tenants, declaring the income etc. So I think investing in the stock market might be a better fit for me + +- buy an apartment next year for roughly 70k-100k euros and a house in the next 5 to 10 years for about 200k-300k; I can do that either with cash or by taking a loan, but it looks like the interest rate is around 5%, not sure if that's the best idea + +So, my questions would be: +- any recommendations on which broker to use? I was thinking of using IBKR (I have an account) since it's very large and well known, it seems trustworthy. + +- what should I invest in? I was thinking of putting 70% in something safe and stable (like S&P 500) and 30% in something more risky (like TECL). I am ok with medium-high risk, as I'm quite young, have no dependents and my main asset is my software engineering skill anyway. How easy is it to invest in US securities from Europe? Anything I should know about (tax-wise or otherwise)? + +- what to do about currencies? Romania de-facto uses euro for anything that matters, of which I own (almost) zero. But the euro is quite high at the moment, so I was still waiting. I think I have way too many pounds, though, and the GBP -> USD rates seem to be quite ok currently. So I was thinking of exchanging £100k (if not all of them) to USD and start investing in American securities. Does that sound reasonable? Where should I make the exchange? IBKR? Transferwise? + +- when should I start investing? There's potential instability looming in the US with the election scandal, maybe it would be a good idea to invest around $20k-$30k a month instead of everything at once? +i apologize for the wall of text, a lot of info here. + +on february 16th i went to a stand alone td bank atm to deposit my tips from the past two weeks. since the amount was a fairly large sum, i broke it up into multiple piles to make it easier for the atm. after inserting the first cash amount the deposit door shut and atm completely restarted with my card inside. + +i immediately drove to the closest bank with tellers to report the error and get a replacement card. +they filed a dispute and set up my new card. + +i then told them i have more cash i’d like to deposit and would like to do it via a teller because of what just happened with their atm. the manager said “don’t use our stand alone atm’s, they aren’t serviced often. try the ones here to make sure your new card works.” i reluctantly agreed. + +the next pile was successfully deposited, but the following pile the same thing happens. machine reset and completely are my deposit once again. - didn’t spit out a receipt. - (this is important) +i went right back inside and told the manager i must be an idiot because the atm ate my money AGAIN. filed another dispute and put the rest of the cash in through a teller. + +today i received a letter in the mail saying after the investigation they settled that there was no error and would not be imbursing me any money. + +how would i have proof when it’s cash, can’t you just open the machine and count the money? what are the cameras for? + +i’m here to ask what can i do from here? +i’ve had an account with them for 10+ years and feel extremely upset at how this was handled. +Working a full time job I found that like most people, I couldn't wait for the weekend. "Oh man its friday, weekends almost here". +But since I started trading, now I find the opposite. +"Oh man, it's almost monday, cant wait to see what the market does this week". + +How has trading changed how you think? +The sudden increase in posts warning of shorting the IPO in case they squeeze it seems so strange to me. +Why would anyone frequenting this sub even be thinking about the IPO, let alone wanting to throw away money shorting it. + +If anything warning about a potential squeeze may trick people into actually going long on the fucking thing. + +Just forget Robinhood altogether. Let them go down in lawsuits and loss of customer base +This is a long one but in my defence I've been planning this post for a while but was waiting until things actually started improving. + +I've had my reddit account for a little over 3 years, discovered this sub possibly a little over a year ago. Became obsessed with finance and managing my money ever since. Not in terms of investing etc (that will probably come later) but budgeting. + +Just want to firstly say that I am a shift worker and as such have variable pay so some pays I will have more or less and this is why budgeting for extra debt payments is most times unpredictable. + +I have been paying off debt slowly since 2015. I wanted to turn things around in July this year because I'm sick of it lingering so made plans to 'aggressively' pay down what I calculated at the time to be around 14k (spread over two personal loans (one big and one very small), one credit card and one store card). + +In July I owed $343 (of $2100) on the store card and I have paid that off. I get paid fortnightly so that frees up $50/fortnight (repayments). + +The smaller of the two loans, worth $1800, is down to $800 and next pay (I've been working my ass off) I should hopefully clear the lot. Fortnightly that will give me an extra $92. + +I stopped salary sacrificing post-tax money into super last October and set myself a time limit of a year; this saved me around $120/fortnight and I have since restarted sacrificing however have made them concessional (I didn't realise I was making post-tax payments). + +Thanks to this sub I claimed the payments at tax time. + +In June I cancelled my home internet because I live alone and couldn't stand paying $65/month for internet whilst adequately living off my phone data. I upgraded my phone and also upgraded my phone plan to one that costs $105/month which gives me 200gb of data which is more than enough. Since I got this new plan I had about $240 owing on my last phone so I've been paying $80 extra on top of the $105 to pay that off and I have made that last payment so from next pay I will have freed up another $80 (not to forget the $65/month for the internet). + +I cancelled my home contents insurance (I rent and yes I am comfortable without it), saving $35/month. + +I was paying for top-level health insurance because I had braces but now thats over I don't need unnecessary cover for hip replacements, dialysis and breathing machines (I'm almost 30) so I downgraded my cover from $86/fortnight to $44. + +I was paying $110/fortnight (!!!!!) for F45 which I did love but I had no trouble letting it go. There are so many free apps that provide workouts and plus, walking is free. + +In total I have freed up $768/month. The only debts I have now are the larger personal loan worth 5.5k and my credit card worth 6.5k. With this free money I want to just get rid of all of it. I had forecast to have the credit card paid off mid-2021 with monthly $400 payments but with my budget overhaul I will be able to have it paid earlier. + +I am only just finishing paying off the budget changes (phone etc and I had to pay an early termination fee to cancel internet) so I haven't been able to apply those savings to extra debt payments yet but since July I have only paid down $2000 😩. I guess it's better than nothing but I'm definitely feeling the 'progress is slow'. I've learned it definitely takes time to turn things around and that it costs money to make/save money (paying termination fees etc to cancel things). + +I have no memberships or subscriptions; not to cost-cut but because I have never had Netflix or anything so it's always been that way. + +The only bills I am down to is rent, health insurance, car insurance and phone. Feels good to have financially 'decluttered' debits from my account. + +I have a 12-year-old car that I bought new; I took it to get the airbags replaced last week and of course got enticed by the new cars and so test-drove one. I mulled over whether to upgrade for a week to let the spontaneous excitement subside and I decided not to buy as my car runs perfectly fine and there's absolutely nothing wrong with it. Another decision helped by this sub because I am ABSOLUTELY CERTAIN without what I've learned from here I would definitely have bought the car. + +I love minimalism and living simply. I am 30 on Wednesday and I am a totally different person to 20-year-old me who thought having 20 Dior lipsticks was when you made it in life. I never in my wildest dreams would have ever thought that having 'nothing' (compared to what I had) would make me feel so satisfied and it has done absolute wonders for my mental health (I've learned a lot of people say this as well). I love only having what is needed to live. + +I have been in the same job since I finished school (landed it unexpectedly) and my mum - who worked at a bank at the time - pressured me into salary sacrifing into super from day one so that is how I have amassed an almost-115k balance. My parents didnt teach me much about money but that was one move I'm grateful I followed. + +If you've read this far, I just want to say a huge thanks for helping me learn the basics from scratch and for motivating, inspiring and teaching me to turn things around. I've even made a spreadsheet with a budget. + +Here's to 30. 🎉 + +Edit: STOP THE BUS. Some kind redditor friends gave me some awards, I just wanted this post to say thank you 😭😭😭😭 THANK YOU KIND STRANGERS I wish I could buy you all a drink with all my extra dollars!! +So, as a true theta gang warrior, I had been selling puts on BBBY at around $4-$5 the last month. After this crazy spike, I decided to go short 100 shares at $20 and Sell a put at $13. + +This should act essentially as a covered call, right? if the price falls to $13 I'll be forced to buy 100 shares at that price, essentially flattening my position, right? + +Side notes: I've done me dd and believe that $20 is severely overvalued for BBBY and am okay holding this short position for a long time. Also, I've made sure that this position is an extremely small portion of my account, just in case for whatever reason this would become another gamestop. +Looking to cash out with about $60m post-taxes in the next year, and I want to spend a year traveling the world on a private yacht with a crew. Has anyone done this? Is it feasible with that amount of cash? Can you finance a yacht in the 100-200ft range? What’s a crew cost? Etc +I would not be surprised if we dropped to double digits honestly. They want to make the price as low as possible to get algos and retail to sell before the recalls start coming in. It's as simple as that + +Not financial advice +I have been reading about stock markets a lot in recent times. What I have observed is that many institutions agree that markets are overvalued and they are bound to correct. They do some analysis to back their point of view. + + +On the other hand, it is common to find comments from people who say that stock market always gives X% returns over a long time period and everyone should just hold. This line of thinking also seems to hold true when we look at how the market has moved in the past. + + +My question is, how will markets correct themselves is everyone is just holding in the hope of future gains? +Dear All, +I'm dreaming about a 100% automatic plafond management, where I just need to transfer my money via monthly autogiro to my investment account...and my money goes where I decided to go (in my case: 10% China ETF, 30% FTSE All World ETF, 60% SPY ETF). +Any suggestion on how to make this dream reality? + **| CHRISTMAS CONTEST LIVE |** **YAHOO FINANCE** **| AMA WITH TehMoonwalkeR's ON 21 DECEMBER** + + +Article link [https://finance.yahoo.com/news/titano-launches-defis-first-automatic-170900951.html?guccounter=1](https://finance.yahoo.com/news/titano-launches-defis-first-automatic-170900951.html?guccounter=1) +🌝 AMA on 21 December at 16.00 UTC + +**Brief Introduction of TItano:** + +Titano is launching the new frontier of staking tokens which will literally change the way token holders become Stake holders. + +By introducing an innovative holding system which include a positive rebase formula, Titano is creating a new type of elastic token, named $TITANO. + +Thanks to its feature, Titano is able to furnish the highest APY in the DeFi market which is worth 102,483.58% APY. + +❇️ **What is the $TITANO Token?** + +The $TITANO Token is an elastic token which through a positive rebase formula allow $TITANO holders earn staking rewards just by holding the token. + +❇️ **How much is the APY generated?** + +Titano is bringing the HIGHEST APY in the market 102,483.58% which is worth a daily ROI (Daily Return Of Investment) of 1.8999%. + +❇️ **How the APY is sustainable?** + +The elevated interest is sustained by the RFV (Risk Free Value) which receive from the token trading volume a percentage dedicated to create a collateral value for the generated APY which will back the Positive Rebase. + +❇️ **How to earn Interest without Staking?** + +Titano has created the innovative AutoStaking token which bring to users a simpler way to receive staking rewards. The only thing to do is to hold $TITANO in your wallet and you will automatically receive staking rewards. + +**100% Transparent** + +🔒 **Liquidity Locked:** [https://app.unicrypt.network/amm/pancake-v2/pair/0x44F382CEc44c33067CB12FCFc08457eb6734bE02](https://app.unicrypt.network/amm/pancake-v2/pair/0x44F382CEc44c33067CB12FCFc08457eb6734bE02) + +🔒 **Token Vested 4 years:** [https://app.unicrypt.network/services/lock-tokens?token=0xBA96731324dE188ebC1eD87ca74544dDEbC07D7f](https://app.unicrypt.network/services/lock-tokens?token=0xBA96731324dE188ebC1eD87ca74544dDEbC07D7f) + +📜 **Audit from Solidity Finance:** [https://solidity.finance/audits/Titano/](https://solidity.finance/audits/Titano/) + +📜 **Certik :** [https://www.certik.com/projects/titano](https://www.certik.com/projects/titano) + +**📃$TITANO Token Contract Verified:** [https://bscscan.com/address/0xBA96731324dE188ebC1eD87ca74544dDEbC07D7f#code](https://bscscan.com/address/0xBA96731324dE188ebC1eD87ca74544dDEbC07D7f#code) + +**🟦 Titano Links:** + +💫 Christmas Contest : [https://titano.finance/contest-xmas/](https://titano.finance/contest-xmas/) + +💬 Telegram: [https://t.me/titano\_finance](https://t.me/titano_finance) + +🌎 Website: [https://titano.finance](https://titano.finance/) + +📃 Docs: [https://docs.titano.finance](https://docs.titano.finance/) + +🌐 Discord: [https://discord.gg/WvR2HSbbWQ](https://discord.gg/WvR2HSbbWQ) +Full source: https://www.recode.net/2018/3/6/17086244/netflix-worth-more-market-cap-chart-2017-ge-general-electric-ford-disney? +utm_campaign=recode.social&utm_content=recode&utm_medium=social&utm_source=twitter + +Am I the only one finding this absolutely mental? I get that Netflix have interesting prospects, but being valued more than the entire Disney company, which has the strongest IPs the world has ever known, parks, consumer products etc. and clearly a hand in doing something on-demand. + I am not YOUR lawyer. And this is not legal advice. This is landlord advice. + +&#x200B; + +I know many landlords are frustrated with non-paying tenants who could pay but are using the COVID moratorium as an excuse. This is not for tenants who truly have no money and can't pay. But for those who are working, have money but don't want to pay, this tactic can be highly effective. And it gives the LL something they can do rather than just be told that you can't evict. + +Sue them in small claims for breach of contract. State a simple claim for breach of contract: + + +I know from experience that this actually works. Tenants sitting in units paying nothing think that they don't have to pay due to the eviction moratorium. This wakes them up and makes them see that they will owe a judgment at some point. If they are working, you can take the judgement and possibly garnish their wages. You should know where they are working from your screening documents. + + +I had one tenant leave within weeks and they even found some CARES Act funding paid through a local tenant's organization directly to my account. +You can hire an attorney to do this claim or do it yourself. If you can type and think and read and write you can do it yourself. You plead something like: +1. They signed a contract attached as Ex. A. (Lease). + +2. They agree to pay x amount every month. + +3. To date, they have not paid these months and now owe XXX amount. + +4. This suit claims all future amounts not paid in breach of the contract. + +5. This suit claims any future or present damage to the unit which has not yet been determined. + +6. This suit claims all legal fees and costs for filing and pursuing this action. + + +Now I know some will say that their tenants don't care about a judgment. That may be true. But for tenants who do care or have a credit rating or don't want a judgment against them this can be a game changer. It may even encourage some tenants to leave since they can see they are just running up a larger bill. You may also be able to negotiate an exit with the judgment. +I work in NYC as a software engineer, and I make twice as much as someone doing the same exact job in Ohio, who makes twice as much as someone doing the same exact job in Romania or India. These people are just as intelligent and hardworking as I am. The barriers to entry to this career are low relative to other high-paying professions, and supply has been driven up by people seeing tech salaries and flocking to these jobs. Is it simply a matter of time until we see tech salaries go down? + + +Backstory: Girlfriend and I lived together for several years, and bought our first home this past June. We didn’t need to buy any of the expensive purchases that someone moving out would (fridge, washer, dryer, tv, couch, etc.) and our house was relatively ready to go (new-ish house, no reno’s NEEDED but a few wanted). + +Before buying a house we were saving around $800 a week or more while paying rent. Since moving in: we have been constantly spending money on random items that improve our life or our home that we would have gone without before as we were trying to save for a home and have a good bank record. + +These purchases include things like: Wall-Art, New Tap for kitchen, new vacuum, new downlights, additional powerpoints, landscaping in backyard, generic tools for house maintenance, new desk, tv wall mounting, rugs, spot-cleaners, going out for dinners/drinks, outdoor furniture, floating shelves and soon to be air conditioning in master bedroom/solar panels etc. + +Almost none of the above feels like a waste of money to me, and a lot of it improves our house value or day-to-day living but I do miss seeing our bank account increase a lot, rather than a little. Did anybody else go through this post-purchase spending splurge? How long did it last? Do you put it down to not having a “goal”? +An introduction to the GLITCHYBSC network. + +Glitchy is a new way to earn BNB rewards simply by holding the token in your Binance Smart Chain enabled wallet, without having your investment locked down for any period of time. + +GLITCHY fairly rewards holders with accumulating BNB rewards. No other reward token accumulates rewards. Reward Cycles are regenerated weekly and unclaimed rewards are held safely for the individual wallets they are assigned to. NEVER LOSE YOUR REWARD. SMALLER HOLDERS – ACCUMULATE AND DON’T OVERPAY GAS FEES + +FREE BNB drops EVERY WEEK + +All you do is invest and HOLD + +Glitchy DOES NOT LOCK YOUR INVESTMENT unlike other staking projects + +️Claim Anytime through the week! Pot is reset on Mondays + +️Make your money make money + +️AMA coming soon + +️Telegram and Twitter Giveaways! + +SUPPORT AND HOLD 🙏 + +[CLICK HERE FOR PANCAKE SWAP](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x75dffaf163d67591fdca3907a50655db3a5516ed) + +[BSCScan](https://bscscan.com/token/0x75dffAf163D67591fDCa3907a50655dB3a5516Ed) Contract + +0x75dffAf163D67591fDCa3907a50655dB3a5516Ed + +INVESTORS ARE NOT LOCKED IN FOR ANY PERIOD + +Market listings Applied + +[Chart](https://dex.guru/token/0x75dffaf163d67591fdca3907a50655db3a5516ed-bsc) + +[Twitter](https://twitter.com/GLITCHYBSC) + +[Telegram](https://t.me/glitchybsc) + +[Website](https://glitchy.wtf/) + +[Reddit](https://www.reddit.com/r/GLITCHYBSC/) + +[Pancake](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x75dffaf163d67591fdca3907a50655db3a5516ed) + +15% Initial Burn + Additional Manual Burns + +️10% Tax Broken Down Below: + +1% to GLITCHY family members + +4.5% Liquidity + +‍2 .25% BNB rewards added to claim pot. + +2.25% Marketing and Maintenance Multisig + +Regular Liquidity Burns + +Purchase it on PancakeSwap V2 + +Set Slippage to 11% + +Become part of an uplifting community + +️Marketing development + +️3 Weeks Old. Marketing began week 3 + +16% of the supply is burned. The burn wallet also accumulates Reflection/Redistribution tokens like any other Glitchy wallet, and those are manually burned to create a constant deflation of supply. + +Accumulating LP Tokens are manually burned as soon as they accumulate to approximately 10% of the available liquidity. + +**WHY GLITCHY?? Because Holders are Rewarded Fairly:** + +Other BNB Reward tokens penalize those who forget to claim, are unable to claim, or in the case of small stakeholders, when the gas fee to make the claim transaction outweighs the reward. Most of these tokens require users to claim daily – if these rewards are not claimed, they are typically redistributed to the other holders who in time can lay claim to them. This creates a disproportionate system where only the savvy or whale holders truly benefit. Glitchy’s foundational concept is fairness to all holders, whether crypto veterans or noobs, whales or small fish. + +Glitchy does not require users to claim in every cycle. Users BNB claims are distributed in proportion to their percentage of holdings of the total Glitchy supply, and the rewards generated every week belong entirely to the wallet that holds the Glitchy. BNB REWARDS ACCUMULATE IF THEY ARE NOT CLAIMED. For example, if a user were entitled to .5BNB Rewards in Week 1, chose not to claim, then was entitled to 1BNB in Week 2 and chose to claim, the entire reward would be 1.5BNB. + +The fundamental difference between Glitchy and other reward tokens on the market now is that Glitchy allows flexibility in the claim function and ensures that claims are never lost or taken by other holders. No other token does rewards like Glitchy. + +**No-Lock, No-Stake, No-Penalty:** + +Glitchy does not require any external staking or locking of funds in order to generate rewards. Your Glitchy stays exactly where it should – in your wallet, earning all the time. As explained above, BNB Rewards are never penalized (except in the case of a sell, where your percentage of holding decreases and Rewards will decrease accordingly in the following claim cycle). + +**Community and Outreach:** + +Glitchy has built a strong holder community through Telegram and Twitter. There are dedicated team members in development, marketing, and Telegram customer service. With a global group of holders and team members, Glitchy is able to execute marketing campaigns and answer user questions 24/7. + +Upcoming Marketing Campaigns include additional Reddit/Twitter postings and giveaways, crypto-focused YouTube promotions, AMA’s, and a redesign of the dApp with updated UI/UX. + +Glitchy is for Everyone. We invite you to join our community and experience True Passive Income for yourself. +About to find myself in a situation I’m sure many of you have encountered before. + +I work at a tech company that has seen a significant run-up in stock price. As a result my annual comp is now roughly $200k base + $300k RSUs. + +I am now interviewing with smaller companies, mostly private (Series D & E). When the recruiter asks me for my comp expectations I say “500”, and generally they respond with “that’s on the high end” but then move me forward in the process. + +My question: by the time I get to the offer stage, what kind of package can I expect? Would a company actually match my current package even though it’s 20-30% higher than what they would pay someone with my experience but not my appreciated RSUs? Would they offer me a one time cash bonus? + +How have you been able to negotiate away your golden handcuffs? + +EDIT: it seems like my OP is being misinterpreted. When I told the recruiter I was looking for “500” I was clear that that was a total comp number including equity, and that for base cash I was looking for 250-300k. Basically I am looking for them to match my current total package, even though it is above market. So i ask again - is this reasonable? +Isn’t VTI (total U.S. stock market) combined with VXUS (All cap excluding U.S.) basically the same thing as VT (Global all cap index)? + +I’m trying to keep it simple so is there any reason why I should invest in both VTI and VXUS instead of just investing in VT? Am I missing something here? +My personal experience with this gem $BINGUS and why I'm positive about it including some cons that have been fixed! No rocket emojis just the plain truth. + +As most people in the crypto space I came to BSC chasing those sweet 10-100x coins and did as much research as possible to prevent myself from getting rugged. + +As I was searching I found $BINGUS 17 days ago and joined their telegram group (https://t.me/bingustoken2official). +I wanted to see how active the community was and how safe and sound of an investment bingus would be. I have to say I've never seen a community so positive and wholesome as Bingus' community, as they say "came for the gains, stayed for the wholesome community". With having doxxed dev and renounced ownership and all the anti rug things going on I felt that I found a gem. Now with all the partnerships bingus is pulling off, and having already donated $40,000 to multiple charities it feels like THE COIN. Finally with just a 3% tax fee that meant bingus is nowhere near a ponzi scam like many others so I can pull out whenever I feel like it. + +Bingus pumped quite hard last week and thus a lot of whales have exited since affecting price sadly. However now we have an overall healthier situation with 10,000 holders and MUCH better liquidity(we used to have a liquidity issue that made whales and swingers prevent price from rising but devs did a great job fixing that). I haven't sold even though I could have easily got 3x gains and other community members could've got 10x and more but they didn't because we believe bingus is very undervalued at 6m market cap, and 50m makert cap is a conservative estimate. + +Bingus also partnered with APESWAP & Takodefi to provide liquidity farms and pools to incentivize holding LP tokens, which has greaty increased our liquidity. + +What partnerships does bingus have? +Celebrities on board: +Michael Rainey Jr: The lead actor of Power Book II: Ghost +Charlie(moistcr1tikal): Youtuber and twitch streamer +Rookie Kanaka: Emmy Nominated Animal Youtuber +Crispy Concords: Youtuber and twitch streamer +BBNO$: Rapper who released 2 songs for bingus + +Crypto Partners: +DOGIRA ANNOUNCED TONIGHT(founder was on original doge team) +BogTools +ApeSwap +Blowfish +TAKOdefi + +So far I've only seen 2 charity coins that have all these great qualities(dox dev, good community, celebs, etc) which are $BINGUS(animal-focused) and $HAPPY(Human focused) and I like them both but I'm personally more invested in $BINGUS. + +There's a CEX listing coming soon which will coincide with our influencers raising awareness and promoting BINGUS. So as normal people can buy easily on the CEX without having to deal with all the difficulties of buying on dexes I expect a rapid rise. + +So try giving BINGUS a look and come chat on the tg group anytime and you won't regret it. + +Token Links + +[Bingus Official Website](http://www.Bingus.Finance) + +[HowToBuyBingus](http://www.howtobuybingus.com) + +[bingus’ chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F283050218D8) + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +[Here’s Mike talking about the project](https://streamable.com/h2w51l) + +[Here’s Mike talking about the project on Satoshi Club](https://t.me/Satoshi_club/715632) + +Social Links +[Join the Telegram](https://t.me/bingustoken2official) + +$Bingus on Reddit r/BingusFinance + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +Charity Donations +Donation 1 ($350) [Wright-Way Rescue](https://imgur.com/gallery/fKuZQoQ) | Donation 2 ($1000) [Forgotten Animals](https://imgur.com/gallery/quIDx6z) | Donation 3 ($3000) [Reversed Rescue](https://imgur.com/gallery/lLlKTzQ) | Donation 4 ($2500) [Jersey Animals Rescue](https://imgur.com/gallery/njxAINv) | Donation 5 ($3000) [Sterling Shelter](https://imgur.com/gallery/VXPICLP) | Donation 6 ($10,000) [The Real Bark](https://imgur.com/gallery/kJ9M4Ya) | Donation 7 ($10,000) [Hope For Paws](https://imgur.com/gallery/H8FfkJo) | Donation 8 ($10,000) [Maui Humane Society](https://imgur.com/gallery/wFT94nB) +(Convoluted as fuck. I hate these assholes. Take all info with a grain of salt. We all could be wrong.) + +The buy-write is a quick transaction: + +1. The SHF sells deep ITM CALLs to a Market Maker (or other counterparty). They choose deep ITM CALLs due to the almost guaranteed trade between the two parties. It is unlikely that others would be using these deep ITM CALLs. + +2. The Market Maker sells shares to the SHF. They can sell these shares without first locating them in a bonafide agreement. So, despite liquidity, the trade can be performed. + +3. The SHF now has enough shares to spoof to the Clearing House that they "met their FTD closeout obligations" because they "have the shares". The FTDs that are reported drop off a cliff. + +4. The Market Maker wants to remain neutral in this trade. They exercise the deep ITM CALL to get the shares that they sold to the SHF back to them and the trade is closed out. + +What happened here is that the SHF never lost their original short position and the Market Maker remained neutral in the trade without generating additional shorts. + +So in the entire buy-write transaction, a deep ITM CALL is used to swap these shares. These typically happen on the same day and CALL OI does not increase because the options are closed out right away. + +edit: I don't know why I didn't link to the DD before, [here](https://www.reddit.com/r/Superstonk/comments/on9dtz/otm_puts_are_the_passed_puck_of_short_positions/). Criand gets all the credit. I just cherry-picked out that explanation. + +But what about second edit?: If I read the DD right, and I'm sure I didn't, the 43 million shares show up on the books Monday morning. No T+* to think about, just Auto-Marge. +I've been thinking about where I want to keep my savings, I've heard I-Bonds are superior as they have a higher rate of return than savings accounts. + +I heard this months ago, is it still the case? + +Any downsides? +There are 2 opinions on what’s going to happen in terms of global markets in 2022, either they will continue the bull market trend due to the stimulus and the economy will catch up to the expected growth due to this stimulus, or the markets will start to fall due to the economy not meeting growth expectations. I am of the opinion the market at some point over the next year will see a 15-20% drop, but I am not willing to bet on this and am just holding cash as a hedge, but which one is more likely and why? + +Well, let’s start with the economy doing well going into 2022, you need to consider a wide range of stuff such as the constant stimulus, countries re-opening and companies being better off than they were before the crash due to the stimulus. Better off may sound stupid but 2 sectors which really highlight this are commodities and retail, particularly online retail. To start with commodities if we consider the iron ore spot price which has flown up and since taking a short dive back down or many other commodities such as coal, we see they have boomed up over the past few months. Companies have been cautious of this because it can give investors false hopes which just looks bad on the given company, commodity stocks are cyclical and because they are thriving currently along with the added affect of the markets you get a boost effect. You can look at any of the major commodity stocks in BHP, RIO and largely FMG which have all done great and if you were a holder from 2 years ago or have them for the dividends you are laughing this year, there’s also the lithium boom going on, uranium and so on. + +&#x200B; + +https://preview.redd.it/mi9sqtub1jl71.png?width=582&format=png&auto=webp&s=43a66d9d589279eb748532a30820587105e19185 + +What about retail? I don’t think retail needs a very in-depth explanation because I see it quite often on the news about how well retail is doing and there’s 2 sides to this coin. Retail is doing great because of lockdowns and the transition to online spending, this allows for the companies to expand and grow more which just speeds up future growth, hence the companies should be worth more. Sounds easy enough, but you also need to consider whether this growth is sustainable, is it possible the growth was simply pushed forward and over the coming years retail will struggle to keep up this demand? I certainly think it is, but as always avoiding a trend because of a possible future bearish scenario will cost more than the actual bearish scenario if invested. If we look back at 2018/19, we need to remember that brick and mortar stores were panicking because they were starting to slow down and there was worry about what was going to happen to retail in general, then in walks After pay and online shopping over the past 2 years and BOOM there’s no worries? Retail grows by building more stores, easy cases to look at are BBN and JBH, BBN had lacklustre numbers for results due to the lack of new stores which matured (slowed down in sales) after 5 years and if they can’t get more stores up then the growth is going to slow down quite fast. JBH is in a similar boat if you want to read through their presentation too. + + +https://preview.redd.it/8dm2mnsc1jl71.png?width=602&format=png&auto=webp&s=8e7cc98e0f7759dd073403362f99ad03ed4f5497 + +What about financials? Okay, I know nobody said they want to hear about the banks but let’s consider them too! There is a bunch of buy backs going on and this is because the banks have too much cash, why? Well, when COVID shit on everyone the major companies raised capital to make sure if things did go to shit, they had plenty of cash to survive and not shit the bed with violent diarrhea like Appen. The economy so far has had a pretty steady W shape recovery in terms of stocks and as such the banks have been left with this excess capital and unsure of how to use it. This is also a problem commodity stocks had, which is why the insane dividend but that’s not quite the same issue. The banks have a major issue here because they’re buying back the stock because they have excess cash, not because they believe the stock is undervalued and this is where the problem lies. The first belief is well the bank is buying back the stock which makes it undervalued, the 2nd is this just shows how companies are inefficient. Companies now just like in the late 90’s are forced to perform for investors who want results, you don’t want to invest in a bank sitting on an obscene amount of cash with nowhere to put it, it looks bad on management, so you either do a special dividend or a buy back. Short term this is great, but long term I think will create some issues, however that’s not exactly a big concern for the markets so far. + +&#x200B; + +https://preview.redd.it/tw0oa9pd1jl71.png?width=609&format=png&auto=webp&s=6bb6427b41ac5e561da2aca0bcb1df9d5bdc6739 + +What about Health care? This is the sector which I think has the best outlook, largely because you can compare how they did pre covid and how they are doing with covid. The healthcare stocks I have looked at in CSL, PME, FPH, SHL and RMD have all been open about how they are doing with covid and how much it is affecting their business. CSL have struggled and so have PME in particularly, but both are doing quite well, this is largely I think because the markets expect them to do great once they can get going again, but as usual its better to have no expectations and have them surpassed than high expectations and have them failed, which is what it looks like healthcare is getting set up for. Now of course if they meet expectations well there’s no issues and the sector is doing great. + +Tech is the last and probably the one which everyone enjoys the most as its quite volatile but is one I typically stay away from as there’s a new tech every week and I don’t understand 99% of them. If we look at NXT because it’s one, I understand, they are doing great because the market is expecting great things especially after their results, they have deals with Amazon and Microsoft which is massive. But to expand they need to build new data centres which will slowly become more inefficient presuming nobody manages to create serious competition with them. So, tech is one which if there is a correction, I think will get hit quite hard due to the insane valuations across the board, but its also one which does great in times of crises due to the attention it gets which allows for this insane momentum. + +Throwing money at the issue has never been a solution that in theory should work, but so far it has. In terms of global economics, we are in an interesting place, interest rates are at record lows in countries, bond yields are incredibly low, and we just had a recession…yet we throw trillions of dollars at the issue and the markets rebound like nothing happened. Now sure the recession wasn’t a real one, it happened but I don’t think the majority of investors felt it due to the help from the government domestically. If we look at the problem in a simpler way, throwing $1mill at everyone is not going to make anyone richer, sure they will have more money, but it just means people will charge more and we will end up at an equilibrium with a different economy because people can afford more. This brings the issue of inflation into it, you should not be able to throw money at the issue because inflation will catch up, interest rates will need to rise, and markets will suffer…annnddd DING DING DING we are back to having the issue of repairing the economy. So why hasn’t this happened? Well inflation for God knows how long as gone under what was wanted of 2-3% and the US itself has said if it has 1 really bad year of 5-10% but long term it balances out and achieves this 2-3% goal then they will let it happen. + +&#x200B; + +https://preview.redd.it/puoohshe1jl71.png?width=519&format=png&auto=webp&s=4039a7dffe7ae5577b6588101226434b050bcd84 + +So, the question here really is just, do you think all this government help and boosting in company sales and profits has been pushed forward, or do you think it will create a new wave of momentum and stocks are actually cheap? Buffett himself has said that something like this has never been seen before and there should be major issues long term, but if there’s not then stocks are actually insanely cheap at the moment due to the dirt-cheap cost of debt and the help in growth from governments. I haven’t touched on infrastructure above because it is one of the industries the government is targeting very strongly here and, in the US, so I don’t think the affects of that boost will be known for another year or two, same with travel stocks. + +&#x200B; + +https://preview.redd.it/gmbnhwof1jl71.png?width=552&format=png&auto=webp&s=4971b91cf9d64fea0ca02ebfe4009ebb0bbbf351 +Hi Crypto Community, + +I am Guy from the Coin Bureau YouTube channel - a long time reader of this sub! + +Today I am answering all your questions. Be it about Crypto, the Coin Bureau or me. + +So, ask me anything! + +**AMA:** 4PM UK (11AM EST) > 6PM UK (1PM EST) on the 12th Aug + +\--- + +📺 My YouTube: [https://www.youtube.com/c/CoinBureau](https://www.youtube.com/c/CoinBureau) + +🐦 My Twitter: [https://twitter.com/coinbureau](https://twitter.com/coinbureau) + +📱 My Telegram: [https://t.me/cbinsider](https://t.me/cbinsider) + +&#x200B; + +https://preview.redd.it/9p80jh0m7xg71.jpg?width=960&format=pjpg&auto=webp&s=d2da43dba85318b04e164e3ee0009f7065354059 +Hey all, hopefully this is alright to post here as we are looking for any advice we can get. + +My partner and I settled on our first house recently and upon moving in and tidying up the place we have found a ton of things that our building inspector missed including termites, extensive black mould in the walls, rotten beams and a number of leaking pipes causing wood rot to name a few. + +None of this was on the building and pest report that we had gotten during the purchasing process and had we known what we know now the offer we made on the place would have been significantly lower or we would have just passed on the place. + +This report was also used when we applied for home insurance as we were lead to believe the house itself was in good condition based on our walkthroughs and the building and pest report. We spoke with our insurer today who advised they will be cancelling our insurance policy in 10 days time as the property does not meet the "good condition" clause in the PDS. This clause states that pretty much none of the issues mentioned above are present in the house. + +I guess my questions are has anyone been in a similar position where you have disclosed everything you were aware of to the insurer but were relying on a shoddy building and pest report just to have your insurer turn around and cancel it on you without any recourse? + +Ultimately we just want to place to be insured and we are tossing up whether an AFCA complaint against the insurer would be worthwhile + +Thanks in advance for any feedback and happy new year! + +Cheers +I never used to worry about job security because my skills are in demand, and I back myself to adapt. + + +But now that I've worked up to a higher income, I worry that I would have difficulty finding an equivalent opportunity if anything happened. As you go up the ladder there are fewer opportunities, which has me feeling more 'vulnerable' than I was in my earlier years. + + +I enjoyed the feeling that I could replace my income easily. Now I feel tied to success in my current role, as a new opportunity would likely start at a lower salary. + + +This makes it hard to plan for my future, because I feel like I don't have income certainty, given all my eggs are in this basket so am hesitant to make larger scale investments (larger home purchase primarily.) + + +About me: 35, HCOL, 300k, HENRY pursuing fat fire. Wife is in a much more secure field, but lower paying, 80k. + + +Has anyone else been here? It would be good to get perspective from someone who was at this point in the past. Would love to hear your story. + + +Thanks in advance +This Citadel Twitter thing has flooded the sub without providing anything of substance, just at the time when DRS post were ramping up. Who cares about shit saying fuck when we have found a way to trigger the MOASS. Many have posted about this already but the sliding keeps happening. + +Why do you think Citadel keeps tweeting and tweeting? ITS BECAUSE ITS WORKING. + +Their intentions are as clear as day. FOCUS APES. The only thing that matters now is to put those shares to our names. Lets finish this, we will have time for shenanigans after MOASS. Dont stand on the side lines. I will repost keep reposting this everyday if I have to. + +I am calling all apes X, XX, XXX and beyond. Ameritards, Europoors and everything in between. You are doing a great job, they are hurting. + +Finally… I SEE A POST ABOUT CITADEL’s TWITTER I DOWNVOTE. + +Edit: it has become very clear to me that my view on this topic when I made this post was incorrect. DRS is still the main focus of the sub and we can discuss more than one thing at a time. So much is at stake, and we tend to get paranoic. But at the end of the day we know what we are doing and when we time comes we will have each other backs. + +I am glad that all the different opinions on this topic where discussed. There are some really clever apes in here. + +As many of you pointed out all this tweets from Citadel are a damage control attempt since their image has been severely damaged. The timing seen odd but its time for me to take my tinfoil hat off. +One was a prepaid Mastercard through Paypal, and the other was one through Netspend. I also had an offer letter from Cricket made out to another name. +I get that their only hope is to see Gamestop going bankrupt, which, by now, seems extremely unlikely to pretty much impossible. They’ve (SHFs and their wallstreet friends) been in damage control for a while now (longer than we thought) and we see a lot of effort invested in preventing new waves and cohorts of retail investors joining the rocket… “survive another day” they say.. right? + +What I find mind boggling is that based on all this, there are 2 possible outcomes. Or else short positions need to be closed at some point… and clearly no one on wallstreet, nor the government wants that.., or GME is doomed to remain below $30 until end of times because they (SHFs and their wallstreet friends) armed themselves with rules and laws that allow them to manipulate the price forever without Gamestop being able to fight the leeches off…, which i find absolutely fucked up. + +What are they gonna do when Gamestop’s cap doubles or triples? Still keep it under $30? What about when the float is fully DRSed and locked? Act like nothing is happening and keep it under $30? + +Man… is wallstreet ever fucked. + +Edit: I use $30 here as an example because we’ve been around that mark for a while. I do not know what the exact threshold/limit is. + +Edit 2: Finally found out how to edit a reddit post + +Edit 3: My apeologies, i didn’t express myself correctly. If the market cap doubles or triples, so does the stock price. I meant when fundamentals justify beyond doubt a market cap double or triple what it is currently + +Edit 4: Thank you stranger apes for the awards. Never expected, always apereciated! + +Edit 5: Thank you so much for everyone’s participation, this has been a very pleasant conversation so far! +Cryptos are inflated. Bitcoin was meant to be digital gold but every time the market goes down, bitcoin follows. Also, unlike gold bitcoin is too volatile. Property prices across the world are inflated. Stocks are running hot, indexes are pretty much the same. Then there are geopolitical issues with China and Russia. If you were to pick one asset class that poses the greatest risk for the financial markets and economies in general, which one would that be and why? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +First the numbers, I’m 31 with 3MM invested. I’m taking 96k/year (8k/ month) in withdrawals which is approximately a 3.3-3.5% (including taxes paid) withdrawal rate. I live comfortably on 4-5k/month and put the extra 3-4k/month in a high-yield savings account. + +First, my assumptions: + +1. My diversified portfolio of low cost index funds can be drawn down in perpetuity at 3.5%. Go Curry Cracker has a great post about perpetual withdrawal rates. 80/20 equites/bonds and moving to 90/10 this year. + +2. With this plan I will already die with way more money than I need. + +Now, on why I’m doing it: + +Some might leave this extra money invested so they can have a higher balance in 10 years and thus a higher withdrawal and bigger retirement later. But right now, my needs are well covered and then some. I can’t imagine what increasing my monthly budget more right now would do for me. BUT, I can imagine, after one year of saving 36-48k lump sum, that I may want to: start a business, shoot a short film, donate to charity, buy bitcoin etc etc. There are so many fun/interesting things I could do with a lump sum NOW why on earth would I keep it invested so it increases my eventual withdrawals spread out over the rest of my years. + +There are so many I see aiming for such conservative withdrawal rates of 2-3% that I think it’s such a waste of resources you could use now to improve your life or others rather than stacking extra $$ on the back end of your life. + +Note, this is the exact logic everyone who is not focused on retirement uses “you can’t spend it when you’re dead, so let’s spend it now.” The biggest difference is you’re already FI, so don’t need to save for retirement anymore. Saving for retirement is essentially what those who are ALREADY FI at 2% are doing. + +TLDR: Even at 2% I’m FI. Research tells me 3.5% WR will last forever, so I’m saving the 1.5% extra to make cool projects, start risky businesses, help mom etc. My plan is to use this capital yearly as a lump sum to help avoid a “FIRE & Bored post” + +EDIT: I have realized and concede that this is not the most OPTIMIZED approach to be the richest man in the ground. But it does help me mentally allocate money yearly and make sure I use it to donate, make art, or just enjoy hedonistically, even though it’s (marginally) suboptimal over leaving the money in the market til I’m ready to spend. +I’m not sure why I’ve seen a couple of posts about this as being a situation that somehow acceptable. I have to say in my opinion this is the last thing anyone on this board wants. A careful unwinding of these short positions over the course of years perpetuates culture and the way of doing business that has created status quo. + +That is absolutely not what I want. Whether or not I have a financial stake in this I want to see the complete destruction of the business model that allows this kind of destructive market behavior. +Fuck these guys, fuck this slow unwind bullshit, I want to see pain inflicted. I want to watch as the long short business model disappears forever, and I’m willing to watch my entire initial investment go to zero to see it. I have absolutely zero interest in watching the industry that has destroyed so many businesses and so many great ideas continue to get a free pass with this bad behavior. + +I don’t mean to rant, i’m sitting here with my barbecue reading posts and I got fired up. +My mom kicked me out today two weeks after my 18th birthday. I had expected this because she threatened my brother with it but his situation was different. He had graduated high school his junior year and then went into the army once he turned 18. He never wanted to go off to college. I’m still in high school and will graduate next month. I live in a small rural town in Texas and I know some places you can’t kick your kid out until they graduate high school but going back to live with my mom is unappealing to me so I’d rather just rough it out for now. My high school has a program where you take classes at the community college in town and those classes count for college and high school credit and I have taken enough hours at the college to graduate with my associates next month as well as long as I pass all my finals. +I have a car but the title is in my moms name. She says she will switch the title to my name this week but I know that I will need car insurance before that can happen. Also my drivers license is from a different state so I think I need to get it renewed before then also. I have 1500 cash but no real job as of right now. I can start applying once I find a place to shower and have time to go get clothes from my moms house. I have a phone that I’ve paid off but my mom says she is going to take me off of her plan next billing cycle which ends on the 18th of May. I’m paying for unlimited data right now and am using my phones hotspot to connect to my laptop so that I can do my homework. I have one friend that I can ask to stay at his place but I’m not sure if his parents would be okay with that. I don’t have any relatives that live anywhere nearby. +I’ve already been accepted into college and have scholarships and that has always been the route I planned to take. I could always go into the military though like my brother. You get food and shelter and a paycheck. I’m an Eagle Scout so I would get an instant pay grade increase. +I have no clue what to start doing and no idea how to get my car sorted out. I’ll ask my friend tomorrow at school if his parents would be okay with me staying at his house for awhile. +Also I’ve kinda just been chilling in a McDonalds parking lot for a couple hours and have no clue where someone living out of their car is allowed to park so that I can sleep. +Any help would be appreciated. +Edit: This thing blew up while I was sleeping. I’ll read every reply and try to respond to as many as possible this morning. Thanks for all of the advice so far +[Update] I asked my friend if I can stay with him and his parents agreed as long as I’ll pay some rent and help out around the house. I think rent will be reasonable and I’ll be getting some meals, internet, and a place to sleep and shower from them. They agreed to keep me until I go live in the dorms at college. One of my college classes is taking all of its students out for lunch today so I’ll get a free meal and I can pick up an application while I’m there. I don’t have any classes after lunch so after that I’ll head to the DPS and get my license renewed. After that I’ll get my mom to come transfer the title to my name and I’ll ask her to bring my ss card and birth certificate as well. I have a lot of homework to take care of before I start working on getting food stamps and financial aid. I already have a place to sleep tonight so I’m already better off than I was yesterday. Thanks for all of the advice so far it’s been very helpful and it makes me less fearful knowing there are still ways I can go through college alone. I’ll try to keep responding and keep you guys updated +Hedgies can take up 5 days to meet their margin call, if they can't and their assets are liquidated then we can expect the price to jump and other hedgies receive margin calls which could take UP TO another 5 days. + +My SPECULATORY hypothesis of a WORST CASE SCENARIO: +It's possible that shitadel and friends would use this 5 day gap to fake the squeeze. Imagine this: +Hedgie A gets margin called -> assets liquidated 5 days later and gme jumps XXX% -> other hedgies get margin called and price is currently in the 1000s -> shitadel n friends short the living shit with everything they've got in hopes of dropping the price to sub 100 -> five days later, GME drops enough to be within the threshold for shitadel n friends to not have their assets liquidated -> repeat until only diamond handed apes are left -> price goes to the tens of thousands but ceiling is limited. + +HOWEVER, if we BUY & HODL the price would never drop below the margin call threshold. Which will shoot the price to Andromeda. + + +OUR JOB IS SIMPLE! BUY AND HODL!! + + +Sauce: +https://www.finra.org/investors/learn-to-invest/advanced-investing/understanding-margin-accounts + +This is just my opinion and is Not Financial Advice. +As someone on the FatFIRE journey, I’m interested in slowing down the pace the closer I get to the end of my 40s in a few years. I’d like to do minimal conventional work, but I’ve often through of serving on boards where available. Are there any recommendations how to make the move from a mid-senior corporate W-2 role to board roles on smaller companies (I’m not looking or qualified for roles at companies like a P&G or XOM). As a frame of reference, I report to someone who is on my companies executive leadership team. I don’t plan on sticking around in hopes of wrestling my way into the C-suite (there’s 40 people in line for a few positions). Thank you for any recommendations. +If you and your SHF buddies were short GME to an *absurd* degree and you've illegally coordinated with them to suppress the price (and continue to) while being at the center of SEC and possibly DOJ investigations, you'd want the chart to look the way it does since early June. + +You and your buddies might have learned that the tricks you've employed for over a decade don't work on GME anymore. No more stop-loss hunting, no more spoofing, and no more bullshit news stories about GME being a dying brick and mortar store. + +Your only hope is to slowly, painstakingly, and continously short GME with the last bit of breathing room GMEs 5 million share offering gave you and your buddies. You might make a little money in the process, but what's a few million barely profitable shorts compared to the hundreds of millions of shares that will eventually need to be bought back. + +This will be the last chance to get the price as low as possible in the most organic-looking way possible before GME reveals its crypto plans - you and your buddies death knell. + +However, your approach doesn't solve the biggest issue you've had all along...the lower the price is, the more that individual investors will buy-in. + +edit: +u/fiery_chicken_parm has a great point in one of the comments + +"If I held a bunch of GME shorts right now, I'd be terrified of tanking the price. I'd also be terrified of a spike. Both of these scenarios can trigger FOMO buying." +NAB revising their predictions of house prices for full year 2022 to end of 2023: + +Sydney -22.2% + +Melbourne -21.8% + +Brisbane -8.8% + +Adelaide -7.3% + +Perth -11.4% + +Hobart -18.2% + +&#x200B; + +And this is coming from a company whose business model is to pedal more debt to keen homebuyers. + +Some on the ground would argue that Sydney house prices are already down by more than 8.8% this year but this isn't reflected in corelogic yet given settlement lags. + +Watch out below. + +https://preview.redd.it/ewq040ipxu891.png?width=445&format=png&auto=webp&s=e967cf1ec67bd6eac15b015e9d09594a15f3248a +I have a little over $1 million invested in USDC (US Dollar Coin) currently held with 4 different companies (3 cefi and 1 defi) earning a weighted average rate of 10.5%. Anyone else doing this? Seems to be a good, yet risky, way to earn returns not correlated with most other investments. + +Apes, you ever held something for 6 months and wake up one day fucking sick and tired of Games Kenny plays? That was me on Wednesday. For the love of Harambe, I’ve had enough of the corruption. + +Well, strap in. I’m jacked to my tits and I’ve got some dates for you. + +**Saturday June 12th-Tuesday June 15th-** [E3, biggest gaming industry event usually with lots of good news and announcements. PC Mag has the deets for you.](https://www.pcgamer.com/e3-2021-schedule-dates-lineup/) Thanks to several Gamer Apes in the comments. + +Rumor: managers at GameStop have been told to expect something big the 15th to coincide with E3 but haven’t been told what. See comments. + + +**Monday June 14th-** Small T+21 FTD date from May 21 (according to some monkeys on Discord. Correct if wrong. It’s not big volume). + +Am leaving this so you can keep an eye on it but u/criand may have disapproved his own FTD theory for the new, sexy, holy fuck net capital theory. [And holy fuck, I am jacked. Go read it. ](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf) + + + + +**Tuesday June 15th-** [Emergency Meeting at the Fed](https://www.reddit.com/r/Superstonk/comments/nxnyxf/emergency_fed_meeting_called_for_tuesday_june_15/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=mweb) credit to Smart Ape u/TreeSquid007 for reading good. + +*Wut doing JPow?* + +Edit: apes in the comments say this is a normally scheduled meeting with standard language. But you know they are talking about us. + +**June 15th-16th-** JPow do a meet about raising interest rates. The Federal Open Market Committee (FOMC). + + +**To those of you who can only focus on the next date out of all the dates and rocket fuel here and have to comment, fuck off. Tell your wife to top up my cell phone so I can FaceTime her tonight. She keeps begging me to switch teams. She says you’ve got a tool you don’t know how to use.** + +Now keep reading. + + +**Friday June 18-** [Quadruple Witching Day](https://investinganswers.com/dictionary/q/quadruple-witching) + +*What Is Quadruple Witching?* + +Quadruple witching (also called "quad witching") refers to the third Friday of every March, June, September and December. On these days, derivatives (e.g. market index futures, options futures, stock options, stock futures) expire, usually resulting in **increased volatility**. + +You know what I like? Volatility. You don’t scare me anymore, Kenny. I’m into that shit. I’ve got daddy **and** mommy issues. + +I know the last one was a letdown. Don’t focus on one date. + +Edit: Wrinkly Ape u/Francis46n2WSB pointed out last Quad Witching wasn’t normal and Kenny was stressed. + +*The last quadruple witching day was not a letdown, it had an enormous explosion in volatility. + +What happened was, if you check the charts you'll notice, Kenny and friends massively suppressed the the price so that the volatility wouldn't be noticed. I compare it to diving and laying over a grenade. + +This time I think they're running out of stuff to contain the blast.* + + + +**Also on Friday June 18th** [Some crazy junk bond shit](https://www.reddit.com/r/Superstonk/comments/ns7k6q/could_gamestops_liftoff_unravel_corporate_junk/?utm_medium=android_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_source=share) that everyone is balls deep in except us and Goldman Sacks. Thanks to Literate Ape u/Get-It-Got for this one. Go put some wrinkles on this one. OP is asking for more eyes. + + +**Also Friday June 18th-** tons of SPY puts. Usually about a billion. At 60 billion. Thanks to SPY ape u/rabsgood. We aren’t sure what this means. Could be nothing. Could be fuckery. + + +**Monday June 21st-** NSCC 002 most likely falls into place. You know what that means? More on NSCC 002 below. Marge is a demanding bitch. + +**Also June 21st-** ~~Aussie~~ Ape Matt Furlong becomes CEO of GameStop. + +Detail Ape clarified Matty isn’t from Oz….just ran the Amazon for them for 2 years. 8 years total at Amazon. Welcome back to cold Christmas, my dude. I hear Texas has snow now. + +**Tuesday June 22nd to Thursday June 24th-** Net Capital, aka margin call spikes. u/criand has redone his FTD predictions to include Net Capital, AKA margin call requirements. [here. ](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf) + +**Wednesday June 23rd and +Thursday June 24-** Big Wrinkly Brain Ape u/criand says another FTD cycle. [Danger Zone 2 here](https://www.reddit.com/r/Superstonk/comments/nwgzw7/danger_zone_part_2_shorts_are_terrified_of_a_310/) and [comment from today here](https://www.reddit.com/r/Superstonk/comments/nxajjj/comment/h1fns10) **see above for new Net Capital updates from criand. + + +**Thursday June 24th-** Kenny wants to look clean and tidy for FINRA. Cleans up his shorts to make a pretty for the paper. Short interest report day from [FINRA. ](https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest) often causes the price to rise. It’s GME so expect it to fall, even if they reveal it’s shorted 2000% (they won’t). Thanks to new redditor u/Superstonkfollow for the message. + + Look at previous FINA SI receipt dates. 27 Jan. 9 Feb. 24 Feb. 9 Mar. 24 Mar. 12 Apr. 26 Apr. 11 May. 25 May. 9 June. Overlap with the T+21/ T+35 on 24 Feb, 26 Apr, 25 May. [When the dates align, the wombo combo happens](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/?utm_source=reddit&amp;amp;amp;amp;amp;amp;utm_medium=usertext&amp;amp;amp;amp;amp;amp;utm_name=stocks&amp;amp;amp;amp;amp;amp;utm_content=t1_h0qiqzc) u/criand got another wombo wrinkle. Thanks again to u/superstonkfollow for putting all that together. + +**Friday June 25th-** JPow wants 715 BILLION in reverse repo payments back. [Holy Fuck. ](https://www.federalreserve.gov/releases/h41/current/h41.pdf) Thanks to Detail Ape u/aquadisaster for the wrinkle. + + +**Also Friday June 25th-** Mr. Russell Gets a Extreme Stonk Makeover….. after hours. See [this thread](https://www.reddit.com/r/Superstonk/comments/nxjvpg/gme_russell_1000_rebalance_day_and_t21_and_t35/) from Wrinkly Ape u/vierzehnter for in depth Mr. Russell wardrobe change analysis. + +But the summary is this: paraphrasing OG Wrinky Ape d/lauer…..**Russell rebalance is volatile AF**. + +Papa Cohen said to buckle up. + + + + +**Monday June 28th** First day of trading after Mr. Russell gets a makeover + +###AND + +T+35 FTD date according to Math Ape u/Unsure_if_relevant Check out criands new [Net Capital 21 Day Loop here. ](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;utm_name=iossmf) + + +EDIT: wrong year. Another ape caught it. June 2023. ~~Wednesday June 30th-US switches from LIBOR to SOFR. Fuck if I remember what any of this means. LIBOR is the The London Inter-bank Offered Rate. SOFR is Secured Overnight Financing Rate. + +This is the rate which determines how much it costs BofA to borrow from Wells, etc. Ape do a wrinkle and link and explain more, pls and thank. + +New redidior u/SuperStonkFollow linked me to Big Wrinkly Mod Ape u/sharkbaitlol’s Magnum Opus [Chaos Theory involving LIBOR and SOFR](https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) and holy fuck. I can’t sum it up. Go read it again. + +Holy fuck moment: SOFR the last time it was attempted to transitioned into (in 2019) almost IMPLODED the market due to many realizing that banks and others could not handle a higher interest rate (based off the DAILY TRESURY YIELD RATE) versus the fabricated one that banks provide. + + +This can be postponed……again. someone call JPow and tell him we are done fucking around.~~ + +LIBOR to SOFR isn’t happening until June 30, 2023. + +But I’ll still jacked. + +Add this with reverse repo and I’m jacked. + +**Monday July 5th** just a reminder the casino is closed ~~so that Kenny and Steve and Gabe and Mikey can have a much deserved day of rest~~ Murica celebrates its birthday, Bitches. + + + +**Wednesday July 14th** GameStops NFT on E-network word I can’t say ~~but I can’t find thread. Linky me, pls.~~ High tech Ape says more [here. ](https://www.reddit.com/r/GME/comments/nkzqyv/gamestop_crypto_or_nft_to_go_live_july_14_2021_at/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf) + + + +**Friday July 16** [Crazy high option volume](https://gme.crazyawesomecompany.com) + + +**Also Friday July 16th-** crazy amount of SPY puts. Could be nothing. Could be sus. Keep an eye peeled. + +**Monday July 26th-** 21 Day Net Capital cycle. Fresh off the press from criand. [Here. ](https://www.reddit.com/r/Superstonk/comments/ny2ov4/a_revisit_to_net_capital_what_is_truly_driving/?utm_source=share&amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;utm_name=iossmf) + + + +**Monday August 16th-** T+21 for the July 16th giant tidal wave of options + + +**Friday August 20th-** T+35 for July 16th tidal wave 🌊 + + + + +**Do you see why I’m jacked??** + +Now a note on NSCC 002/801 because everyone seems to be confused. This is *the* margin call rule. + +Marge: Hello, Kenny? It’s Marge. + +Kenny, peeing his pants: Yes, Marge? + +Marge: Pay me more money. You’ve got 1 hour. + +No more days to fuck around and come up with funds. + +**Now I want to clarify here because I see a lot of misconception floating around this jungle about Marge.** + +When Marge calls, hedgies can meet their margin, meaning they can deposit more funds with their co-conspirators the DTCC and NSCC and keep on trading. + +**A margin call doesn’t automatically mean default or MOASS.** + +Funny, cause if Marge calls my dumb ass I can’t trade the rest of the day until I get my balance over 25k, so most likely out two days while my wire goes through. But Kenny and Steve and Gabe are special and previously they had **days** to meet their margin call. + +Apes seem to think that when Marge calls, it’s game over for the hedgies. Not true. They’ve probably already been margin called and met their margin requirements several times already. But now they only have 1 hour. + +It’s when they can’t meet their margin calls that shit gets fun. Once 002 is in place, 1 hour. I expect to see more sell offs of their long positions when this happens. And I can’t wait. Isn’t Citadel long on Tesla and Burry short? + +Now, when they can’t meet their margin (or supplemental liquidity requirements) that’s when they default. Default is what we are waiting for, my ape relations. + +When default happens, that’s when the DTC computer starts closing positions. Computer don’t care how many zeros. [More about that process here.](https://www.reddit.com/r/Superstonk/comments/nvrouv/i_feel_like_this_deserves_its_own_post_remember/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=mweb) + +Also remember there are multiple hedgies playing fuck you in the ass here. + +My guess (and I’m a dumb internet ape so don’t listen to me or take this as financial advice) is that when the price skyrockets, the not quite as dumb hedgies will try to get out first and save themselves and add fuel to the fire. + +Expect trading halts. Expect wild swings. Expect the rest of the market in the red and VIX going crazy. That’s when you know MOASS is here. + +**Note I’m not saying MOASS will start when 002 falls into place. I’m saying 002 tightens the noose.** + +NSCC 002 is the rule that makes 801 actually work, in case you’re keeping track. + +Thanks to Smart Astronaut Ape u/MoonTellsMeASecret for this [801/NSCC 002 Ape Guide Here](https://www.reddit.com/r/Superstonk/comments/n5idj9/801_and_nscc002/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf). + + + + +Now some of you wrinkly brains are wondering where is DTC 005. + +u/Existing-Reference53 did an email [with the DTC](https://www.reddit.com/r/Superstonk/comments/ngwhzu/where_is_srdtc2021005_the_update/) and they say it’s being reformatted and posted soon. + +DTC 005 is the rule that says Bad Kenny can’t hide his dirty undies in the options anymore. Some apes say it’s mission critical. Some say not. I’m too dumb to weight in on this. + +Wut doing [Mikey](https://www.dtcc.com/about/leadership/board)? DTC need to borrow my paid license for Microsoft Word to hurry up that formatting? DM me. I’ll hook you up. + + +But I smell a fucky here. If it is the lynchpin and I was DTC Mikey and also a co-conspirator in massive fraud (Lawyer Ape Wes said trillions in fraud in our lifetimes) I would hold it back as long I could too. My guess is they are waiting for the first wave of defaults and it will magically be done with formatting. According to the emails once it’s published it is approved. + + + +Which leads me to this. My End Game Theory: No one wants to be a market manipulator or set off The Greatest Transfer of Wealth EVER. No one will force it. Not BlackRock. Not the DTC. Not GameStop or Papa Cohen. + +It will happen when it happens. No dates, but taking all these things into account…..soon. + +Kenny and Steve and Gabe and Mikey want it to be bad enough they can get a bailout. Then they can blame us. + +[That scene in The Big Short about the bailout rattles in my mind.](https://youtu.be/RvI5mN3RIAI) Steve Carrell says “Paulson and Bernanke just left the White House. There’s going to be a bailout.” + +[Guess where former Fed Chair Ben Bernanke works now?](https://www.citadel.com/leadership/dr-ben-s-bernanke/) He’s probably helping write the bailout as we speak. Remember, this is bigger than Kenny and Steve and Gabe. This is also Mikey at the DTC. It’s the prime brokers. It’s the banks. The ones who allowed illegal naked shorting to happen. + + + + +Also. Don’t forget. Fed Repo rate breaking records daily. Elliot Wave guy says up. Sign Guy is epic. DFV still in. Papa Cohen in the Cap’n seat of the rocket. + +Your homework this weekend: hydrate. Play. Leave the basement and get some sun on your skin. For fucks sake, watch The Big Short if you haven’t already. It’s free in the US on Hoopla with a library card if you’re temporarily broke AF (because you’re about to be rich). If someone will willingly and enthusiastically consent to shagging you then do that too. + +Film Noir Ape u/Best_Account also recommends you watch [The Inside Job (YT)](https://youtu.be/T2IaJwkqgPk) and [Princes of the Yen (YT)](https://youtu.be/5-IZZxyb1GI) to the weekend watch list. + +I also recommend Margin Call and Billions. And The Big Short book is even crazier than the movie. + +If you’ve got any other important dates let me know and I’ll add them here. Them just corrected to 🌝. It’s a sign. + +Past 4pm my time. Signing off for a strong beverage. + +Buckle up. + +TL,DR: just skim for FFS. + +Lots of fuel in the rocket. Andromeda called. She’s ready for the apes. + + +Thanks for all the awards! I’ve had so many anonymous ones I’m going to pretend both DFV and Papa Cohen have sent at least one each. + +Edit again: Jesus H. Roosevelt Christ. I mention Quadruple Witching Day as 1 of 20 other dates with things going on and it’s all some of you can see. STFU and read the rest. +I've always been an evening gym-goer, usually going for a shower when I get back home, but I've started using the showers at the gym more regularly. Not quite at the stage of going to the gym *just* to shower, but it's reducing the amount of hot water I use at home for sure. + +I'm with octopus for energy, who take an exact amount via DD based on readings rather than a set amount year round. I pay this DD from a pot on Monzo, and every month I am putting my winter usage amount +20% into the pot, so I should have a decent buffer set aside when it starts getting cold again. I live in a small double glazed flat so heating bills aren't astronomical, but it feels good to be at least a bit prepared. + +How has everyone else been adjusting to it? + +Edit: thanks all for the interesting responses below! +There was a massive FUD campaign over the weekend to confuse apes into thinking that if they buy on these days, they’ll miss out on the splividend. The reality is whoever owns shares come Thursday evening, WILL receive the splividend. + +Any naked shorts sold into the market over the next 3 days, will NOT have a splividend attached to them. The sellers of these phantom shares will have to provide the dividend out of their own pocket. This means they either have to buy shares, or cook up even more phantoms. + +By buying and subsequently DRSing these shares, it creates a massive wombo combo headache for Ken and his buddies. Buy pressure is their biggest threat this week. + +God speed apes and see you all on the moon. + 🚀🚀 +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Correct me if I'm wrong but I feel like I'm reading a lot of people thinking about selling some shares in case of a crash this spring/early summer. "My portfolio is up 110&% since last crash" , etc. After watching an interview with Cathie Wood the other day -I'm close to hitting that sell button almost every second of the day but I'm trying my best not to. Would love to hear everyones take on this. +* *Note*: This is primarily for the business owners in the sub. Though there's no way to limit responders +* *Note*: I realize that lots of lives were lost in the last year. This post doesn't minimize that. However, life goes on even in war. Fortunes are made (and lost), kids are born even as others die. +* *Note*: I've tried to avoid the minefield of the political response to the pandemic. It's often detrimental to most discourse. + +I came across a story a week ago about successes people had in the past year but were afraid to share IRL primarily because it's a little weird to dance in the streets during a pandemic. But, life continued and I'm curious to the impact of COVID (virus, response, markets etc.) on fatties, especially those that run a business. + +I run a construction business in the midwest. At the onset of COVID, I gave in to the panic as uncertainty loomed. Permit inspections stopped, stay at home order brought uncertainty. We applied for PPP (didn't get it), EIDL (didn't), then PPP came through. By May, there was clarity in the air and Jay Powell's monetary cannon had turned real-estate from a potential 2008-disaster-redux into a crazy boom. + +A year later, and we've had the best year in business. Can't complete projects before they get multiple bids. And the only price I've had to pay is lingering embarrassment. To me, reaching FatFI meant being able to weather any financial storm, yet at the first sign of one, I gave in to panic. Year 2 is starting equally strong, we really could use a break but it's quite gauche to complain about things being too good. + +What I've learned in all this, its hard to be truly FI when you have the livelihoods of other people in your hands. And this means that winding down operations (or sale) is now on the table as part of the Retire Early equation. + +That's quite a bit longer than I had planned to write. Curious about what others have experienced. +Is living off dividends realistic, let's say you want to make 12k a year off dividends and your yield is 4%. You would need 300k invested. Now imagine 40-50k .. I make decent money but that seems like it would take a long time. Do you all mix in growth stocks as well to try to generate more cash? +I am amazed at how the expected move that is predicted by the IV more often than not actually occurs. Do put buyers know something bad is getting ready to happen and thus drive up put prices? I want to sell FB puts because of extremely high IV, but know there is a reason for the high IV that likely will come true +For context: I have an individual brokerage account with roughly $300k, maxed out 401k and Roth IRA, and an emergency fund of 1 year for my primary residence, plus expenses. + +I keep most of my savings in the market, with little outside my emergency fund. I'd like to purchase a rental, but don't want to sell my stocks and trigger a taxable event (plus they'll keep appreciating). + +I can withdraw cash on margin from my brokerage for 1.5% interest. If I withdraw $50k to use as a down payment, I can leverage that 5 times while also allowing my portfolio to stay in the market. The risk is if the market tanks and I get margin called, though the market would have to fall about 50% before the margin call - unlikely. + +Am I a moron? +This has been bothering me for a while now partly because I unknowingly helped create the problem that we see in the housing market today packaging and selling large numbers of houses to institutional investors . The lack of supply is largely due to the fact residential single family housing has become an institutional asset class over the last decade. We now have large homebuilders switching business models and building to rent, rather than to sell. [This article talks about it.](https://www.builderonline.com/land/development/the-single-family-build-to-rent-markets-rise-to-fame_o) in a builder trade magazine and here is a [WSJ article](https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801). + +This is going to have long lasting negative ramifications as we are seeing the largest asset most Americans will own in their lives being transferred to these funds. As a result, we are seeing rental prices as well as home sales prices sky rocket. Some has to do with Covid and prices will surely come down some, but long term this is going to have negative effects on all of us if these funds keep buying up entire subdivisions of brand new homes with regular homeowners having to compete against institutional cash. I can tell you first hand Blackstone was overpaying for properties back in 2012-2014 to the point where other investors could not even compete. It seems this is where we now and it's not going to be a good situation for smaller investors or homeowners if this continues. + +I have considered only selling to direct homeowners and even putting in a deed restriction (which I know isn't the smartest thing to do investment-wise). Curious to hear how others feel in the industry? +A bored youtuber decide to give you 1 million but you have 24 hours to spend it. You can buy whatever you want house, cars, invest in stocks or cryptos, but you can't keep any of the cash, if you only spend 700 k, you'll lose 300k, so how do you spend everything? +My wife and I live in a large city in the U.S. We currently plan to live here for another 3-5 years and are considering buying a town home rather then renting an apartment. I tried to run the numbers based on expenses. I understand the "potential gain" isn't actually a gain but rather a cost savings. Am I missing something with this spreadsheet? I understand there is a lot of variables in this but to me it seems like I would benefit from buying rather than continuing to rent. Thoughts? + +https://preview.redd.it/ag4rgvpw0b441.png?width=1440&format=png&auto=webp&s=8af52afef7506e6c70a5933eb9fe294af12003cd +Ok, I'm handicapped and have been looking for ways to make money - things I am capable of doing like art/writing, making youtube videos, streaming and so on. + +*... Not making any money on them 'cuz no one is watching them, but that's BESIDEZ the point.* + +What I mean is, I'm only interested in making money from these endeavours because that's how I best know I'm contributing to society in some way... what else is there? I want to entertain or help people or whatever, and the only metric I have of success is income... + +That doesn't seem particularly healthy though, but what else is there? +It seems my countries money can buy almost 4 times in some countries what I could buy in my country, if I sent somebody cash would the be wealthy or would this money be downgraded when they exchanged it to their own currency? +So I'm kind of in a crossroads right now. I was reading books that studied millionaires and one of the things they had in common was they had multiple income streams, usually up to 7. Before I began reading this, I was at an IT job that really overworked me 60+ hour weeks where I didn't have time to do anything else. So I quit that job for a more laidback one with slightly less pay on a graveyard schedule. The plan was to work graveyards in IT and dedicate the daytime to additional income sources. Some things I had in mind where real estate, re-selling cars, uber etc. Basically was trying to apply Tim Ferris's principle of finding something which you can make the most money for trading the least amount of time. I was trying to avoid salary jobs where they overworked you like the plague. I figured if I had a steady, yet laidbackish job, it would allow me to focus on other of these income sources where I could make exponentially more money (business/sales) and still have a steady job (IT). I went through a relationship that I wasted a lot of my time on during the day instead of making that money that I should have been making. Now that it's over, I felt like I'm getting my focus back. However, I see people in my field(IT) that have gotten promoted to higher positions that pay around 20-25% more and on a daytime schedule. I'm wondering if it would be better to just pursue these higher positions like them, however, I dread being stuck on a 60 hour workweek like before and having that be my only source of income. At the same time, I'm missing out and getting left (a little) behind in my field. To any of you that have applied the 7 streams of income principle, how did you do it? Also, in your opinion which of the two do you would be more advantageous? please don't give me some short generic answer like "only you can decide". If you can't give me a specific answer, tell me your personal story, and why you decided to pick one or the either. + + +* **Amazon shares have given up all of their gains from the pandemic.** +* **The company’s stock skyrocketed in 2020 and held up in 2021 as shoppers flocked to the e-retailer for goods.** +* **Like the rest of Big Tech, Amazon has been battered this year by a broader market selloff tied to soaring inflation, a worsening economy and rising interest rates.** + +[https://www.cnbc.com/2022/12/19/amazon-stock-gives-up-pandemic-gains-after-almost-50percent-plunge-this-year.html](https://www.cnbc.com/2022/12/19/amazon-stock-gives-up-pandemic-gains-after-almost-50percent-plunge-this-year.html) +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! + +I currently earn £1,510 (18,120pa) before tax and 5.5% pension contributions. I also give my parents £100 per month for staying with them. I have no other outgoings (apart from my car but let's pretend that doesn't exist for now). That leaves me with £1,167. + +A bit of background info - I'm 19 years old, single, and at the beginning of a 2 year apprenticeship. At the end of those 2 years I will be on approximately £24K pa if I pass the interview. I don't go out much and I'm pretty frugal so I like to save as much as possible. I have £7000 I've saved up over the years. + +I'm considering completely avoiding rent in the future by using these 2 years to save up as much as possible for a house deposit. Ive done the rough maths and it looks like I could save about £30k by the end of the 2 years and possibly more depending on where I invest the money (LISA/ISA etc). I'm also hoping to apply for the First Home Fund (£25000) if it's renewed so that would give me £55k potential deposit which is pretty huge. Along with that, I would be on a higher salary of £24K which would allow me to get a mortgage of around £108000 (4.5x salary rule). So I could purchase a property of around £163000 if I'm not mistaken? + +Two questions: + +1. Is my plan to buy a house in 2 years viable? + +2. How exactly would you invest that £1,167 each month if you were in my position? +Seems like we had an influx of redditors from /r/wallstreetbets here. I like the "special" culture of WSB, but I personally really don't want to see this here. Bitcoin is so much more than a YOLO bet. I want a civilized discussion, due diligence, visions of a better future and, of course, our beloved memes. But please stop with pointless "BTC TO THE MOON!!11 💎🙌" posts... + +e: I removed the derogatory term by which r/wsb redditors call themselves, since many people don't seem to know that or don't like to read it here. +Current Situation: I am 27 years old, I have an Associates Degree from my local Community College, and I’ve lived on my own since I was 18. I do not/have not receive any financial assistance from family (family of 8 and both parents were victims of the 2008 crash and both lost their jobs the year I graduated High School). I live with my long-term boyfriend and we split living expenses evenly. My share is about $1,795 a month. I have $29K in Student Loans and I make $43K a year (take-home is $2,600/mo.). I previously made $30K (entry level Paralegal) but increased my salary by changing jobs. I have a little over $4K in credit card debt and I owe $3.5K on my car. I have $600 in emergency savings. That is not a lot in savings and I’m working on it. I’m trying to get rid of my CC debt first. If a really big emergency hit me, I have a $40,000 credit limit between three cards that is available to me but I hope to NEVER have to use them. My credit score is 782. I do not have medical insurance right now but will be enrolling in November for the first time in 9 years now that I can afford it and I have an employer that offers it. My situation is not great by any means but this is my reality. I wanted to share this here because I want people who are in a similar situation to feel more confident as they work towards their financial goals. I come to Personal Finance every morning for motivation. I’m going to share my budget here in the hopes that it helps someone. Any tips or advice welcome! I’m open to constructive criticism. If you have any questions, please feel free to ask. + +&nbsp; + +* Rent: $715.00 (This is just my half. I live in a nice suburb and rent is expensive. This is the cheapest we could find w/3 pets) +* Groceries: $200.00 +* Gas: $100.00 +* Utilities: $200.00 +* Pets: $100.00 (2 dogs and a cat and they eat good quality pet food) +* Student Loans: $150.00 (currently reduced from $350 to speed up paying my CC debt off. I’ll increase my payments starting in January when the CC debt is gone) +* Cell & Car Ins.: $100.00 (boost mobile phone plan at $40/mo and full coverage with Geico for $60/mo.) +* Elder Scrolls (videogame): $15.00 (hours of entertainment for me) +* Car Payment: $140.00 (I put $3.5K down on a $7K 2007 Toyota Corolla. I am so grateful to PF for keeping me well informed before buying a used car!!! I can totally afford this.) +* Savings: $50.00 (I will increase this once my CC debt is paid off) +* CC Debt: $710.00 (I was previously making $12/hr which is how I got into debt. I do NOT regret my CC debt. It afforded me the opportunity to live my life comfortably but I was well aware that I needed to pay this back and it kept me motivated to hustle and improve my situation.) +* Fun Money: $120.00 (usually going out to eat with my boyfriend and our friends a few times a month and occasionally a trip to the thrift store to spruce up my closet) + +&nbsp; + +**Total:** $2,600.00 + +&nbsp; + +**Edit:** These listed expenses are just my half. + + +I’m beginning to learn that for the most part being in the market is more important then attempting to time the market (especially for long term investing), but you can’t be ignorant of buying opportunities and undervalued stocks. I’m not expecting SCHY to skyrocket or crash, but continue steady growth and this has me in the camp of not timing my entry. Is there a common held belief on how to handle a new ETF? Or is there a counter argument to just jumping in without timing the price? Any information would be greatly appreciated and I apologize if my questions are a little scattered. +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! + +During the night some hackers apparently found a way to bypass password and 2FA and managed to withdraw coins from some users account. + +Some users woke up this morning with their balances empied. + +Crypto.com temporarily suspended all withdrawals for all users and it's investigating. + +Officially just few users were affected. Looking at Twitter, it seems a bit more than just few. + +Check your account and if you see any suspect activity, contact the customer support asap! + +Crypto.com said that all funds are safe, not sure if they're talking also about people who already lost their coins though. + +Official tweet: + +**We have a small number of users reporting suspicious activity on their accounts. +We will be pausing withdrawals shortly, as our team is investigating. All funds are safe.** + +https://twitter.com/cryptocom/status/1482936866001207296?t=a9qyu73Vp7Oyuv5Nas_cKA&s=19 + +**UPDATE:** +According to a new tweet, the problem is solved but users must login again and reset their 2FA in order to reactivate withdrawals +Seriously, this is one of the most frequent and stupidest comments I see on this sub whenever someone posts about job problems. + +Can the IT brigade on this sub please stop dishing out "learn programming" as a solution to every job problem? Especially where you don't understand the person, their unique situation, etc. + +We get it, you're a programmer, or some kind of IT warrior. But the lack of empathy from this group of people towards understanding other people's tough situation in job sectors they have no experience in is just shocking and careless when dishing out advice. +3% drop in GDP this year due to massive power black outs. + +Huge amounts of factory districts are being forced to operate 2 days a week. Impact on global production is ramping up. + +Huge cuts to steel, aluminum and cement production. + +Add on the rolling lock downs and port closures, credit crunch, constant stream of companies leaving China, Evergrande/property developer collapse and inability to access lines of credit, massive unemployment rate 160-360 million unemployed/under employed. + +Also the birth rate has tanked, marriage rate has tanked... + +Shit's getting spicy... maybe this is another soviet union collapse style situation. At least we'll save 90+bn on not having to build submarines lol. + +Either way the implications are fucking massive and rancid. Stock market might be about to get kicked in the fucking teeth. Maybe this will finally pop the everything bubble? Anyone got any spare ramen? + +What do you lot think? + + +Nomura securities in Japan are expecting huge ripple effects. LETS GO CONTAGION LETS GO!! + +[https://www.bloomberg.com/news/articles/2021-09-27/china-s-power-crisis-moves-from-the-factory-floor-to-the-bedroom](https://www.bloomberg.com/news/articles/2021-09-27/china-s-power-crisis-moves-from-the-factory-floor-to-the-bedroom) + +[https://www.abc.net.au/news/2021-09-28/china-power-outages-energy-targets-emissions/100497110](https://www.abc.net.au/news/2021-09-28/china-power-outages-energy-targets-emissions/100497110) +I just bought my first rental property in my college town this past year (2019). I'm currently a Sophomore and figured that it just made more sense to purchase a home instead of wasting nearly $1,000 a month on a lease. I was able to go the conventional loan route, with only 5% down on a 4.99% interest rate. + +The home price was $185,500 (I ended up paying the full asking price). It is a 3 bed, 2 bath home. The home appraised for $198,000. It was in pretty good shape, and only needed a fresh coat of paint. My mortgage (excluding tax) is roughly $945. I charge one roommate $675 and the other $625. That brings me to a total rental income of $1,300. My total expenses are $520 (NOI is $891). All things considered, I'm out roughly $54 a month cash flow wise (factoring in everything), but I am able to build some equity up in the home. Imputed cash flow would be $500+. + +I really think more students should consider the house hacking as opposed to leasing a place. I'm not sure if I'm going to sell the home after I graduate or not. I would love any feedback, or advice on where I should go from here. +Republican Sen. Josh Hawley of Missouri and Democratic Sen. Jon Ossoff of Georgia are introducing competing bills to end stock-trading by members of Congress. + +A key difference between the proposals is reportedly that Ossoff's bill includes dependent children — who may have access to the same privileged information as their lawmaking parent — while Hawley's does not. The two also differ on the enforcement mechanism. + +Violators of Ossoff and Kelly's bill would be fined the entirety of their congressional salaries. The freshman senator narrowly defeated former Sen. David Perdue last year amid the Georgia Republican's own stock-trading scandal. + +On the other hand, Hawley's bill would require violators to forfeit any profits gained from stock-trading directly to the US Treasury. + +Source: https://www.businessinsider.com/josh-hawley-jon-ossoff-introduce-dueling-stock-trading-bans-2022-1?amp +Hello, I thought I’d give this a shot. Please remove if not in line with this sub. I'm a Reddit noob. + +So I love organizing things like tasks, my schedule for the week, my meal plan, my finances & budget, even my rice and coffee intake (I’m trying to gradually decrease it to 1 cup per day). I’m not an expert accountant in any way though. I also don’t believe that I’m an advanced Excel/Sheet user. More like an intermediate one. + +I also enjoy thinking of ways to make certain processes more efficient. For example, in an office setting, I’ll think of ways to distribute the workforce on different teams. I’ll make sure that it’s fair for the agents but also fair for the teams. I developed a ranking system and a voting system that will ensure this (mostly ranking + Borda Count method). I also proposed a more efficient way to migrate agents to other positions and also a better system of promoting the right agents. Of course, I try to make it as fair as possible for the agents themselves and for the teams that they’ll leave behind or join. + +I’m wondering if you guys can give me advice on how to get work related to this. This will almost be like a dream job of some sort for me. + +I’ll link a sample of my personal “growth” sheet here so you guys can take a look. However, it’s sad that I won’t be able to include my “process improvement” documents since I’m currently in the middle of proposing them to our office and it includes some internal information (not being paid for this, I just do it in my free time, as I said. I guess I’m kinda just hoping to get noticed by the management). + +&#x200B; + +[Sample Personal System](https://docs.google.com/spreadsheets/d/1HsgYxiknTnv-DAEiTUtsweYp9601X5o6efbiCUgaVUY/edit?usp=sharing) +Pretty much the title. It’s a nice, 2 bedroom apartment in Sydney. We got a 1 year lease at $650/wk that has now gone up to $880/wk. we didn’t expect such a huge increase. This is my first time dealing with such a matter, does anyone have any advice? +Hi. I'm just looking for some non judge mental advice. I'm a 39 year old man with a son, who is with me part time. I'm a gig musician, handyman, and I have part time jobs. I don't have savings, I barely make it by in the winter when gigs slow down, and my rent just went up. I feel like I'm one bad break away from being homeless, and I don't know how or if I can turn my life around. I can't imagine training for anything else while just trying to survive, and I have no money to put towards that. + +About me: No official technical training, but I would love to work at an auto shop or something. No college. I live in MA. + +EDIT: I hear and agree that I need a full time job. I'm working on that. As this is the finance section, I'm looking for advice beyond 'get a job.' I.e., is it a total fantasy that I could buy a small home someday?! Can I invest to have a safety net?! + +But I really appreciate everyone's advice and you're making things clear that I was kind of hesitant about. And you've really made me feel like I can turn this around. Thank you. +Do not try to buy precious metals in the next week while China is celebrating the beginning of their Year of the Metal Ox. Wait until after you are done holding GME, even though you are planning to hold GME forever. + +Anything other than GME is a distraction. Since you are holding GME forever, you are never allowed to invest in anything else ever again. Holding GME is your life's work and requires your undivided attention. There is no possible way anyone would ever talk about anything other than GME unless they wanted you to sell GME. Even when it's a weekend and you can't sell GME anyway. + +All of your money should be in your brokerage so you shouldn't even have any money available to buy bullion with. Your brokerage would never betray you. + +Don't think anything of the fact that online bullion dealers have frozen your ability to buy silver. The statements on their front pages saying they have to restrict your purchase ability due to unprecedented market conditions are nothing like any other statements you've seen from anyone recently. Don't think about it. + +The US dollar will never lose value again. Biden is going to make an announcement tomorrow that the federal reserve will burn a pile of money to reverse inflation, I can feel it. Hedging against this is something you would only do if you're shilling for a hedge fund. That's why they're called hedgies. + +Pay no attention to the mass downvotes and accusations of shilling to everyone suggesting silver. The ruling class would never seed a meme about silver being a distraction to divide the community from adding another major step to their plan. + +Pay no attention to how major banks have sold 200x more silver than they actually have and if they're called to deliver on all those receipts instead of people continuing to be happy to just hold paper receipts they could *hypothetically* exchange, then... well, like I said, no matter. + +The important thing is to spend your weekend wondering what will happen to GME while there is no action you can take on it. Don't focus on anything you could take action right now. + +Don't sort comments by new. You don't want to see the unfiltered stream of consciousness of the subreddit, just stick to the carefully curated, vote-and-award-manipulated ranking of what everyone can agree on. We don't have any stickied threads sorted by new today because the people in charge here have your best interests at heart and they don't want you to get into trouble buying any silver. They're not like that other guy who tried to sell out the community, shame on him. Since they're not sellouts, there's no way they could ever make a mistake or allow the community to be misguided. Trust in them and blindly follow the subreddit's general direction at all times. + +And most importantly, don't forget, you're very small. Silver has a market cap of $1.4 trillion. Big banks and governments have a vested interest in it. Don't you dare think your little wallets could possibly tip the scales of something this big going on right in front of you. Just take your tendies and quit while you're ahead, and don't think too much about where this is all leading next. + +EDIT - We've got a usual stickied thread sorted by new, thanks mods! Good to see my satirical post rapidly becoming outdated. 🚀🚀🚀 +Cineplex Inc. reached an agreement with lenders for relief on its financial covenants to the second quarter of 2021 after the movie theater chain saw revenue plummet due to capacity restrictions in cinemas. + +The Toronto-based company announced third quarter results that missed analysts’ expectations. Revenue declined 85 per cent, to $61 million from $418.4 million a year ago. Analysts were looking for $65.8 million. + +Key Insights + +-The company is trying to slow the rate at which it uses cash. It burned about $16.6 million in cash per month in 3Q and has been burning $15 million to $20 million a month since the onset of the pandemic. It’s taking advantage of government programs to subsidize employee wages and is looking to sell its head office to raise money. + +-The company had about $460 million ($350 million) outstanding under its credit facilities as of Sept. 30, according to a statement + +-Cineplex gradually reopened theaters over the summer at limited capacity, but had to temporarily shut them again in parts of Canada in October after a second wave of Covid-19 hit. Attendance at theaters fell 91 per cent. in the third quarter. + +-It will not reopen its locations in Toronto, Ottawa and Peel region anytime soon even if restrictions are relaxed due to concerns “from a financial perspective,” spokesperson Sarah Van Lange said earlier. + +Like other chains, Cineplex is being hurt by the delay of several big budget films. Last month, Metro-Goldwyn-Mayer pushed back the release of the James Bond flick ‘No Time To Die’ to April, sending shares down to a record low. + +Cineplex soared 32 per cent Monday after Pfizer Inc. said that its vaccine, developed with BioNTech SE, protects most people from COVID-19. The stock is down 81 per cent this year and was removed from the S&P/TSX Composite Index on Sept. 21. + +“Cineplex is a resilient organization and we remain confident in our financial position and business recovery plans, despite the tough industry and economic conditions,” Chief Executive Officer Ellis Jacob said in a statement. “Building on our response to the pandemic, we continued to focus on adapting our operations, significantly reducing expenses, and strengthening Cineplex’s financial position.” + +https://www.bnnbloomberg.ca/cineplex-gets-relief-from-lenders-as-revenue-falls-85-in-3q-1.1522029 +The Ape community has been through several migrations over the past year, all of which were a result of infiltration and eventual compromise. With each migration, the herd has been further thinned of shills and paper hands. What is left is a beautiful community of level headed individuals (for the most part, we’re still retarded after all). + +But an upcoming Reddit IPO is an extreme threat to the integrity and transparency of our ongoing discussion. After Reddit sells out to big finance, it will likely die, but not before it’s new owners attempt to dismantle this sub and others like it from the inside. + +I don’t know about y’all, but for me Reddit IS [r/superstonk](https://www.reddit.com/r/superstonk/) now, aside from an occasional glance at r-all and r-news. It will be easy to migrate yet again. + +I believe it’s time for the Mods to start an open discussion about a new, independent platform for our discourse to continue - and to begin gathering the resources/volunteer talent to make that a reality. The sub itself is nothing special from a coding perspective - it’s simply that we’re all still here, alongside our selfless Mods, and brilliant DD writers. We can go anywhere. + +It will likely be those in powers’ final Hail Mary to attempt to destroy this sub, no matter the cost. + +Let’s stay one step ahead. + +[u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) [u/jsmar18](https://www.reddit.com/u/jsmar18/) [u/ButtFarm69](https://www.reddit.com/u/ButtFarm69/) + +EDIT: Just want to clarify that the spirit of this post is not “Hey Mods I know you give of your time and energy to this sub for free, and likely have families, jobs etc, now could you please build us a new information superhighway?”. It is more so about starting an official discussion, possibly a stickied thread, to put heads together and see what options might exist. I know there was a post a while back about this exact idea, but am unaware of the current status of said project. A sanctioned migration could be as simple as moving onto another already established forum site not currently looking to IPO. + +They are coming for Reddit, it’s just a matter of time. +My mother brought her house for $86,000 and now because of location and time it is worth $500,000. She says she wants to put it in my name but when that happens property taxes and insurance will go up and I need to pay for it. I want to start researching now everything I need to know about this process and what i plan to do with the property. My goal is to rebuild and then rent it out. The house is old and dirty and I would love to tear this thing down. Every house surrounding hers has been torn down and or renovated and looks nice. I know this would be a great investment I just want to do it right. I don’t know where to start. In general I know I should take a loan out on the house…then hire to have someone plan out and build on the property. Who do you go to for consulting on these things? Where do you recommend I go to first. Please throw real estate terminology at me I want to research and prepare so I know what I’m talking about and don’t over pay. it is very important for me to keep this property in my family to build generational wealth with hopefully. Took a lot of convincing my parents to not sell this house. (They are well off without it, otherwise I would have not mentioned it) Thank you! +I’ve noticed that over the past few months this thread has been saturated in property post that have little relation to do with finance. + +I understand that there is a relation to finance when purchasing a property but this seems to be minimal in the post I see. + +It seems as though people are talking about auctions, asking personal advice on purchases without mentioning finance, praying for a crash and also repeating the same thing over and over “this market it out of control”. + +Is it fair to say that this thread has gone in the wrong direction when it comes to property chat and that these post should be posted in r/ausproperty instead? + +I started investing at a young age because of this thread and gained a fair amount of advice that wasn’t covered in my business degree. + +Now all I’m reading are updates on over inflated auctions in areas that non of us can afford and that the market is “to the moon” like it has been for the past decade. +Hi, + +I have a few £1000 I can afford to lose and as a data analyst I'm curious about investing. It seems that reading The Intelligent Investor and Warren Buffet & the Interpretation of Financial Statements + a demo account on a trading platform seems a good start. + +My question - when I've armed my self with enough knowledge to take the plunge, how much of time sink is it likely to be? I imagine I'd probably want to research and invest in 10 or so companies to begin with. This would definitely be a hobby for me, but I don't really want to get involved if it's likely to take up many hour of time each week. + +What's the story with those of you that are already at this stage? + +Many thanks! +[https://rationalreflections.substack.com/p/enduring-inflation?utm\_source=%2Fprofile%2F17545801-the-rational-walk&utm\_medium=reader2](https://rationalreflections.substack.com/p/enduring-inflation?utm_source=%2Fprofile%2F17545801-the-rational-walk&utm_medium=reader2) + +David Einhorn talked about how the Fed changed how housing inflation was calculated in the early 1980s, if that change hadn't been made our current rate would be much higher than 8.6%. The implication is that inflation is going to be a much more persistent problem that we think. +😂💰😊💰::made it another 2 days, made it another 2 days:: 💰💰 +P. S. hope no one takes this as giving up on trying to change my situation. I am, every single day. But it does help to laugh a little and be greatful for the small things +She has taken multiple millions in speaking fees from Wall St over the past 3 years. An indisputable conflict of interest. Now she has the audacity to, in plain site, redact items from her public view calendar. Corruption. Blatant Corruption. At first glance, several of these redactions seem to be concentrated around some key dates. Might be worth looking into further. +Hey Yall! So for the past three years I've been making a budgeting spreadsheet for those who don't know how to budget. It started out of my own need for financial literacy and needing a budget desperately. + +[Here's a link to what this years sheet looks like](https://imgur.com/a/93EcfEz) + +I grew up very poor and had NO sense of what or even HOW to start budgeting. I was taught that money would disappear if I didn't use it, so I just USED it. Even now I still feel anxiety about money and can spend recklessly if I'm not careful. Over the years I've gotten better, I've found ways to productively use my anxious habits, but it's been so hard. Another problem I faced is that I have ADHD, so impulse control can be hard, and it can also be hard to keep track of every purchase and focus on a bunch of aspects of a budget. + +&#x200B; + +This spreadsheet is made so you only focus on ONE number. + +&#x200B; + +The sheet was createdwith three goals in mind: + +&#x200B; + +1. that it be easy to use +2. that it focuses on a daily budget that supports long term goals- instead of a long term budget that doesn't have daily support +3. that it be a good starting place for people who have never saved before + +&#x200B; + +So how does it work? + +The main budget is divided into three core areas: + +&#x200B; + +* Income: You use this to fill in your income and choose to have a monthly, weekly, or bi-weekly pay cycle. If you are a worker who is tipped it includes an area where you can add tips, my suggestion is put in your minimum average income from tips- So for example, if you usually make 100 from tips a week, even if you get extra, try to program your budget around the 100 minimum average. +* Expenses: There you can add your expenses. Utilities are bills that are for electricity, heat, phone, internet, or water. Bills are important expenses that you can't miss and are integral to living. Finally, expenses are other things you need to allocate money for- whether it be gas, lunch expenses, transportation- ect. Within your expenses there are TWO areas to which you need to pay attention:-Credit Card Payments: this is new to this year's sheet, use the tab below to fill out your information for up to three credit cards. Decide whether to pay the minimum payment OR choose an amount to pay. The tab will allow you to see how much you're paying and how much interest you're accruing. Once you have filled it out, your budget will adjust accordingly.-Big Purchase: Use this tab to create a budget for a large purchase, and adjust your budget easily and automatically to finance this purchase! +* Budget summary: Finally the most important part of this sheet is the budget summary- Here you will see just how much you can spend. This money is shown in three ways, the lump monthly sum, a weekly amount, or a daily amount. As long as you don't go over that number, you will have enough money for the rest of your budget. It will also feature a breakdown of what your budget it, where your money is going, and what your income VS spending is! + +&#x200B; + +So what is new this year? + +&#x200B; + +* Now you can choose to calculate your spendable as either a Daily spendable OR by pay period. this can be changed on the fly. +* Savings are calculated as a percentage taken from each pay period- as opposed to each month. +* By adding a due date to bills your sheet will remind you of how many bills you still have left this month +* The daily expense tracker was added back in! to my surprise many of you requested it be added again +* Savings Goal Calculator. lets you set a savings goal and automatically increments and adds to that goal as time passes. you can manually adjust it using the area below. +* Stonks- this is honestly more of a nerd thing for me, on one hand, stocks are something that involves more financial literacy than just budgeting- on the other google finance api lets you pull real-time information, so I wanted to use that. This is optional to the sheet. +* Savings Percentage and Large purchase calculators. The savings percentage is a way for people to convert a set amount of $ to a percentage of their income to more easily select percentage in the sheet. the large purchase calculator is a smaller way of saving for a goal. It lets you put away money without having to touch your savings, and jsut dding it as an 'expense'. + +You use it like this + +* Go in +* Make a copy +* Change the numbers +* Decide what percentage of your income you want to be saved +* Budget. + +I don't work well with a lot of budgets because I have issues imagining the big picture. By giving myself a daily/weekly/monthly budget I can make sure that on any given day I haven't spent more than I'm allowed to- and if I do i can see where I'm borrowing from or where that money is supposed to come from. + +&#x200B; + +^(NOTE: All Images in the spreadsheet are from vecteezy/google also im a girl yall, I get called bro and brother every year, I just felt like I should point it out) + +&#x200B; + +TLDR: + +# [LINK TO SHEET](https://docs.google.com/spreadsheets/d/1rx6fEsm-fj_fNRPJ3szSr4oryXtVSQwahxUy3IcT-jo/copy) + + +EDIT: + +Many people have been asking me how to use this sheet- I will be teaching people on Discord how to use it on sunday at 1pm est- if youre interested message me and ill give you a link! +**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’m in college right now and at a point where I can easily sublet my apartment if needed. If there’s a recession I don’t want to pay this crazy high rent and tuition. I already have anxiety around my savings and not being very financially literate +I took economics years ago and (I think) I remember there being an exact terminology for companies that profit off of bad things happening. + +For example, funeral homes make money when someone dies. + +It might be a type of business model, but I'm grasping at straws here. Thanks thanks! +This post probably will get down vote to oblivion but fk it, I can't be the only one feel like this. + +I've been with GME since October last year and seeing how the og of this play versus now is kind of scary to say the least. + +I wasn't as early as DFV or Cohen but I got in because I make bet based on people and after literally watching every RC's interview and reading every article I went all in. The group that was into GME back then was much smaller so that's why it caught Wallstreet off guard. The current state is way fking different. + +Everything we do is being monitored, we're in the light they're in the dark. It's great that we share knowledge about the market and how crooked these hedges are but remember to always double check, just because someone do a DD doesn't mean they are correct (I don't care who they are). A lot of you who so impatient is because you TRULY did not understand this play and just following blindly. I will list out couple of things that help me and could possibly help you take your mind off of this obsession (it's more healthy for your brain this way, at least imho) + +1. Understand the person in charge of this company and ask yourself, if all the info out there of this person is true. Can I trust him with my money, if your answer is yes then leave your money with him and go on with your life. + +2. Think of the money you invested in GME is gone, it is no longer your money. If you open a business, the cost of opening a business is gone and you can't take it back so you either follow or fold (take the L if you can't handle it) + +3. Any specific subreddit is an echo chamber, everyone love the good old confirmation bias. Because we get bored of shit easily since we're living in a instant gratification, we want excitement every day. Control this and you can 100% 💎🤲 this to infinity when it squeeze. (So don't look for confirmation bias) + +4. Worshipping people, you putting that person in control of your decision. If this is your life saving or the money you care so much then why? The one who runs GME is Ryan Cohen, not reddit mods. So stop worshipping people. + +5. Last one, as much as we all want this play to be our retirement play because you hate your job. Treat this like it isn't, treat it like an investment and not a lottery ticket. Treat it like the squeeze isn't a play but the company's future is so fking bright that it is a no brainer. We know the gaming industry better than these cartridges calling boomers (who the fk use that word anymore). Soon they will cave and be the late investors, be happy you're early. + +The only thing everyone need to do right now is vote if their broker allow them to vote. Live your fking life like nothing going to change. Don't let your impatient fk with your money because it will, especially you're going to invest in the future. People lose money in the market mostly because of either impatient or gambling. I know this isn't a typical DD of the stock, but more of a DD of you as an 🦍💎🤲 + +TLDR: live your life like nothing going to change and 💎🤲🥜🚀🚀🚀🚀🚀🌙 + + +Edit: did not expect this to receive this much love! Thought nobody gonna see this since people hate hearing the truth (glad I'm not the only one!) Have a great day apes and thanks for the awards! Love you guys, just don't want you guys to lose sleep over shit you didn't have to (at least that's how much I trust in RC) + + +Hi everyone. I am at the point on the UKPF flowchart where stocks and shares ISA's appear. I am assuming that they will have a better return in 4.5 years before I remortgage than my 1.8pc mortgage. I understand this fund is more about active investing but I thought it may be relevant enough to post here. + +I am keen to invest ethically, so would prefer an ESG fund, and have selected vanguard due to low fees. I am unable to really work out the implications of choosing one of these over the other however. Would someone be able to help? + +[https://www.vanguardinvestor.co.uk/investments/vanguard-esg-developed-world-all-cap-equity-index-fund-uk-gbp-acc](https://www.vanguardinvestor.co.uk/investments/vanguard-esg-developed-world-all-cap-equity-index-fund-uk-gbp-acc) + +[https://www.vanguardinvestor.co.uk/investments/vanguard-esg-developed-world-all-cap-equity-index-fund-gbp-acc](https://www.vanguardinvestor.co.uk/investments/vanguard-esg-developed-world-all-cap-equity-index-fund-gbp-acc?intcmpgn=equityglobal_esgdevelopedworldallcapequityindexfund_fund_link) + +I have worked out that they have been active for different times, have a different value, and one is based in Ireland and one UK. What implications does that have for returns? Clearly I am not looking for professional financial advice. + +Many thanks! +Looking for advice. My wife and I are both in our late twenties (no kids yet). I have been fortunate to have a great career so far with a relatively clear line of site to FatFire. + +While I don’t have a huge stack compared to most on here today (~$1mm NW), it’s all my wife and I have. We both come from lower income backgrounds / complicated family relationships. + +My assets are complicated. It’s not a lot stock sitting in a brokerage. I own some rental properties, some private investments through my employer, very complicated real estate investments through my Roth IRA, etc etc. + +Problem is, my wife is not overly financially literate. She works in a completely different industry and isn’t well versed on a lot of the investments and tax advantages strategies I have been involved with. + +I constantly have this fear of something bad happening to me and I can’t sleep at night knowing if I got hit by a bus tomorrow my wife would be completely lost — and worst, potentially lose out on a bunch of money just because she has no idea about it. + +Is there a program / app / something I can use to prepare a “road map” if I die? I know I can hire a lawyer and prepare documents and such but would prefer something a little less costly, but more officially than just putting a word doc together with instructions. + +Any help is appreciated. + +Edit: thanks all! This has been very helpful. +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’ve read people saying that they are struggling to make ends meet due to electricity, gas and inflation making everything go up in prices. You’d think with this, some people are going to lose their homes as they won’t be able to pay their mortgages and other bills. + +However, this seems to be getting contradicted by the fact that people are buying houses for more than the asking prices and most houses are getting snapped as soon as they hit the market. + +Or is this another 08 situation where everyone was buying houses they couldn’t afford only for the bubble to post shortly after? +***This post is in light of the recent BlockFi bankruptcy.*** + + +Yes, these centralized exchanges and financial platforms are AWFUL for what they’re doing, but you also have to take responsibility for not being careful. + +You gave these companies the full right to your funds and thus they can block them, seize them, and do many more things without having to inform you prior. +They’re very clear with that and you agreed to it. +Are they excused for what they’re doing? Of course not. Could you have averted this disaster? Of course yes! + +We are the reason these companies have this much power and influence in the market in the first place. +What happened to decentralization and self governance? + +DeFi was the whole concept behind the creation of cryptocurrencies and blockchain. Why is the market suddenly so CeFi centered? + +I don’t get why anyone would prefer CeFi over DeFi when the latter has many more advantages. +For one, you have full custody and control over your funds. + +Secondly, there are many more features to play with. +Compare something like FTX or Binance with something like Gains Network on Polygon. The latter has a MUCH higher diversity in coins. You can leverage much higher as well even with Forex. +Most importantly you dont have to worry about your funds getting legally stolen from you like with these exchanges. + +I certainly feel bad to the people losing money with these centralized exchanges but then again, yall need to start learning. We’ve been warning yall about this for the longest now. +I thought I’d head this off before some ape got ideas. This happened with bananas a few weeks ago. That is not something apes need to do. Sending random packages to places opens up another level of problems because they can claim it’s threatening and get FBI and others involved. GME hodlers don’t need that type of publicity. Be smart. + +edit: dang I was crazy busy all day and couldn’t check the sub. this blew up. Thanks for the rewards. Buy and hodl +[https://nyti.ms/2RakMyO](https://nyti.ms/2RakMyO) + +# I Quit New York + +Cameron Carling, 38, left to pursue a dream life in Costa Rica. Then he quit that, too. + +**Interview by** **Alex Williams** + +**Jan. 20, 2020** + +I moved to New York in 2007 from Los Angeles, where I had been living after college at U.C.L.A. You show up in New York for a week in September, and you’re like, This is the most magical goddamned place on the planet. This is where all of the things are happening in the world. + +I had no job, and figured that New York would just provide for me, and it nearly didn’t. I was on the verge of running out of borrowed money when I landed a job at a huge tech company via a temp agency. That turned into a full-time gig, and I ended up working there for 11 years. + +I met my wife, Marcella, two weeks after I arrived, at a party. New York was awesome as a couple with no kids. We would go to outdoor movies in Bryant Park, see the symphony in Central Park. + +But after a decade or so, I started to burn out. Part of it was that my wife and I had two kids and we were living in an 1,100-square-foot apartment in Brooklyn. It’s a common refrain, but trying to raise a kid in New York is like growing an oak tree in a thimble. + +Also, I’m originally from Utah, and wanted to be closer to nature, but in New York it’s hard to find a tree that’s not growing out of cement. One day I was out on a terrace at work and listening to the hum of the city, and it just felt so unnatural. + +“Menacing” is too harsh a word, but it’s this hum of anxiety. Everyone is so tense, so hunched. Even the cars feel hunched. I thought, I’ve got to get out of here. + +A buddy of mine had already given me a book called “Tools of Titans,” and that got me into the FIRE movement. It stands for Financial Independence, Retire Early. The idea is that you learn to cut out luxuries and extra expenses and try to boost your personal savings rate as high as 70 percent of your income. + +There’s this concept called geo-arbitrage, where you take your savings and move to a place with a lower cost of living. + +My wife had always wanted to live abroad, so I started running the numbers. If we moved to a cheaper country, I thought I could just retire, and we’ll all be happy. I could write a book. + +My wife speaks Spanish, and wanted our kids to learn it as well, so Spain was one option. We went on a fact-finding trip to Granada and Valencia, but life there rhymed too closely with New York. We’d still be living in an apartment building, in a city. It was New York with an accent. + +We figured we couldn’t look at every single country, so let’s just zero in on one. Costa Rica comes up on the list of everyone’s favorite places to vacation. It’s beautiful, there’s tons of outdoors stuff, and it has good international schools, which became sort of the tail wagging the dog for us. + +The whole family went down there on spring break and ended up in a town called Playa Potrero. It had this great view of the ocean, and you could hear howler monkeys in the jungle. You get swept up by the beauty of it. Also, it is very New York opposite. There’s one road. + +My wife was an elementary schoolteacher, but she took time off for the kids, and was just working part-time. She loves New York and was hesitant, but she felt outnumbered. She felt everybody needed more space. + +For the most part she was trying to support me on this I’ve-got-to-get-out-of-here mission. I was in this mind-set of, I’m never going to work for a company again, so I put in notice at work, and then it was a mad dash to start packing up our lives. + +We moved to Costa Rica in June 2018. Soon after we got there, Marcella took a job teaching first grade at the dual-language school our kids went to. So we did a swap. I became what they call an “amo de casa,” a house husband. + +We ended up spending a little more on housing than we wanted to. We knew people who lived a little more rustically, with no washer, dryer, no air-conditioning. You can get that for $300 a month. + +But we didn’t know how long we were going to be down there and we wanted to land in a good spot. So we rented a modern two-bedroom place on the beach. It was $3,000 a month, but it had a pool, and we would open up the gates to the backyard, and that was the sand. + +I took about three months to decompress, but I realized pretty quickly, I couldn’t retire. This is insane. I’ve worked all my life. I get a lot of joy and fulfillment by creating things. + +And so, I started writing a book with a friend of mine back in Utah who wanted to adapt his podcast into a book. That was an interesting part of the move. I was 38 and just starting out as a writer. + +People said you can’t do that, it’s too hard. But moving to a new country was this way to uproot some of these limiting beliefs, the idea that you can’t just go and do something totally different. Sure you can. + +So I was writing the book, but my full-time job was mostly taking care of the house and grocery shopping. I had this very silly, not-real vision of riding my bike to the store and filling up my little basket with fruits and vegetables, but in reality, the roads are obscenely dangerous. + +There’s so much rain that they’re designed with a drop-off of three feet on either side for drainage, and everyone uses the same road — and when I say everyone, I mean cars, people on foot, people on bikes, dogs. You try going down the road and all of a sudden a cow appears out of nowhere. + +We ended up having to buy a car, a big Toyota S.U.V., but you pay at least 50 percent more for a car there than you would in the United States, because of all the taxes. + +The nice thing about the town was that there was a very intense, small-town feel, so breaking into the expat community was not super-difficult. But we were looking for an integrated experience, and it was much harder to break into the local community. + +I tried to volunteer a couple of times, but my Spanish wasn’t up to snuff. Also, my wife has always been more the social connector, and I’m the introvert who can sit inside all day long. But she was working full-time, so we were in the wrong roles. + +Our kids loved it there, and probably would have stayed forever, but we already knew by about three or four months that it wasn’t the right place for us. That December, we took a weekend trip to see the Arenal volcano, and I was like, This is going to be great, we’re going to go out into nature. + +We were staying at this random Airbnb, this giant place like a furniture showroom way out in the middle of nowhere, and there was a bat in the ceiling that was making all this noise. I had just tried to hack a coconut in half with a dull machete and almost cut my toe off, and it was like, All right, what are we doing? + +We were already planning to head back to New York for the winter break, and when we got there I met up with a former colleague of mine at my old company, and she was setting up a new team in Austin. I thought, O.K., we’ve got to start making some moves in another direction. + +We moved from Costa Rica to Austin after 11 months, but I think we had to move to Costa Rica to end up in Austin. It was all about that relativity. Speaking for myself, I had to have that swing, to go there and say, “That’s not right, the answer is somewhere in the middle.” + +I now ride my bike to work, safely, every day. It’s 15 minutes along the lake. It’s beautiful. The kids are going to a Spanish immersion school and they’re doing great. + +We live in a historic neighborhood called Clarksville, and we checked all the boxes: We got the rescue dog, and my daughter got some cowboy boots. We’re settling into this new life. But again, who knows? I might just be a serial leaver. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I thought that my (editorialized) headline would nicely sum up my thoughts on the guy. Evidently it did not as my post was removed...sorry mods :) The lesson here is: don't attempt to perform "geographic arbitrage" without doing an ounce of research ahead of time about the place you are moving to. This goes for international moves, like the author's, but also for moves to different regions of your own country. You are setting yourself up to be scammed ($3000 rent in Costa Rica??), but it is also deeply disrespectful to locals if you do not make an attempt to fit into the culture and customs. This man even had the advantage of a Spanish-speaking wife yet made little attempt to learn the language or venture outside of the "expat" (cringe) areas. +have a couple of frustrating conversations while looking for some financial guidance and i can't really find what i'm looking for re: financial planning. maybe someone here can help? + +am looking for a planner who provide some guidance for my semi-retired situation:: take my age, my income, my assets, my debts, my monthly expenses etc etc and any other pertinent details and simulate some basic scenarios for someone in my situation such as when to take Social Security, pay off my mortgage now or later, how much side income might i need given my expenses, how much i need my investments to generate etc etc. don't need specific investment advice and i am comfortable managing and investing my money. + +am happy to pay by the hour or by the plan for the info (up front, if necessary)....and i'd really prefer to remain anonymous (i don't see why that would be a problem - i provide a specific set of circumstances and a planner develops a plan based on the those details). is there anything like out there? + +edit: thanks for the replies, all. should have left out the anonymity part - was more of a distraction than anything else. my situation is relatively simple and my questions are pretty basic (when to take SS, when to pay off the mtg, when to tap the investments etc)...but tying all the interlocking pieces together into a plan, without paying for hand-holding, investment advice, or additional financial products is harder than i thought it would be. Thanks again for taking the time to reply! +I'm all for Fat spending, but I'm also very aware of the cost / quality curve. +[https://commadot.com/the-cost-quality-curve/](https://commadot.com/the-cost-quality-curve/) +First class for me is only incremental to business, which is far superior to coach. I have similar sweet spots for wine, guitars, cars, hotels, watches, and every other luxury good or activity I know. + +I'm not critical of big spend at the top of the curve. I enjoy the top 1% experience as much as the next guy, but I struggle to justify it long term when it seems wasteful. Something for the therapist maybe? + +When I'm getting into a new activity, e.g. Paddle boarding. It takes me a while to work out where the sweet spot is, and I'm always interested in trying new things (and now Astrophotography apparently!) + + +So my question for the group. Where's the sweet spot for your Fatfire activity or luxury of choice? +Helping my mother with her will because I’m the only unmarried child and the one she trust the most to manage the funds in order to take care of my siblings. I plan on getting married soon and wanted to ask if there was a way to protect her assets from being entangled into my marriage. The person that I am with doesn’t believe in prenups. I consider them trust worthy as they have always encouraged me to spend wisely and have sacrificed for me financially many times. I don’t mind going into the marriage with my assets at risk as I trust her fully, I just don’t think it’s right to take assets my mother entrusted me with to care for myself and my siblings into the marriage. The assets my mother has are + +. a house she bought right after the housing crash for 150k which is now worth 500k and rental incoming coming in. + +. Land outside of the U.S worth about 1 mil undeveloped as she hasn’t had the funds to develop on it. + +. And a 500k life insurance policy + +I plan on developing on the land as I make more money, Taking some cash out of the home she owns and buying a rental property and just developing and growing these assets to provide financial security for my siblings and their families in addition to mine. A bit of a generational wealth type of thing as she worked for just above minimum wage 12 hour days 7 days a week to make this happen for her future generations. + +My question is this. Is there a way to put all these assets into a trust to protect it from marriages failing and bad decision making while allowing my siblings to invest, add to it generation by generation to ensure their children benefit for it and their children’s children benefit from it while encouraging all generations contribute to growing it. +I have a lot of investment in stocks and mutual funds in Groww. As I found out Groww does not support transactions from NRO/NRE account. What should I do in this case with all my investments ? +Any suggestions welcome +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) + +Since they aren’t a speck multi bagger, I jumped over to aus finance and thought maybe I should join that group and ask them there thoughts about Woodside’s potential over the next 10 years. +But once I scrolled through the page I realised that aus finance is nothing more than a bunch of whinging fb Mums trying to save $5 for another caffe frapp from Zaraffars. +Clearly no real understands of buying shares or the financial knowledge of accounts and what to look for in a longer term hold of a company. + +So what do we think of Woodside for a long term 10+ years, based on there wa and tas plants of hydro? +Why are women's products so much more expensive than men's? I can somewhat understand clothing being more expensive. But razors, bags, coats, scarves, gloves, deodorant, pads and tampons are so expensive too for women. + +And, furthermore, pads and tampons are something that we women need for years. It's not like it's something we can just ignore, it's part of our biology. I've seen it go to $5-$10 to all the way to $20. It is just mind-boggling to me and nothing is being done about it, no one is even really talking about it. Or if they are, not very often. + +Edit: To the people who comment, buy the cheaper version. Of course, buy the cheaper version. That's not the issue here. The issue here is that one product is more expensive than another, even though they're the same basic product, just marketed towards the other gender. + +Also: Pads and Tampons are not luxury items like companies claim. They are completely necessary items that we need for the next odd years. It's not our fault, our biology is different from a man's. I'm not necessarily saying that they should be free, but they definitely should be cheaper than what they are currently. +I’ve raked up £10,000 in loans and roughly £5,000 in credit card debts. Average APR sits at around 30%. + +My salary is currently £21,500 but expecting this to go up to between £24,000-£26,000 by March-23. + +Although I’m currently in discussion with StepChange to finalise a debt management plan I’ve started to consider bankruptcy. + +I’m interested to read other people’s experiences with these two options. + +I’m aware that bankruptcy remains on your credit file for 6 years which would be roughly how long it’ll take me to repay via DMP. + +Funnily enough I’m training to be an accountant and wonder what affect this may have at my prospects at applying for certain institutions? + +What was your experience with being able to rent, get insurance etc? + +Yes I’m an idiot and take full responsibility. The thought of going bankrupt embarrasses me. + +Thank you! + +[UPDATE] + +I've decided to cancel my DMP after understanding that my credit will still be severly negativelly affected. I'm going to contact my creditors indvidually to advise of my situtauion and negotaite better deals (unlikely I know) - any tips on negotaiting? + +I'll also be finding ways to raise income through some side hussles, cutting costs and attempt at getting a weekend job. + +If anyone has some decent ideas for a side hussle who have had good experiences with then I would really like to know. + +My first post on reddit and I can't believe how useful your responses have been. My hats off and thank you once again. +Before we get started, I'd like to point out that these stocks are ordered based on their current (2021) Dividend Yield. This list does not include every single company known to man. What are some of your favorite dividend companies? + +&#x200B; + +[TTM Dividend Yield](https://preview.redd.it/q81apqs549671.png?width=1046&format=png&auto=webp&s=7b91446a9d156d549ab675a389433d02a2272f68) + +*Note: Reddit only allows 20 images per post so the first 10 stocks don't have charts.* + +**30. Caterpillar (CAT)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.95% (2021) + +Highest Dividend Yield in past 10 years: 4.09% (2015) + +**29. Aflac (AFL)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.00% (2019) + +Highest Dividend Yield in past 10 years: 2.75% (2011) + +**28. General Dynamics (GD)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.53% (2017) + +Highest Dividend Yield in past 10 years: 3.66% (2012) + +**27. Procter & Gamble (PG)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.19% (2020) + +Highest Dividend Yield in past 10 years: 3.52% (2015) + +**26. The Clorox Co. (CLX)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.03% (2020) + +Highest Dividend Yield in past 10 years: 3.35% (2011) + +**25. PepsiCo (PEP)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.57% (2014) + +Highest Dividend Yield in past 10 years: 3.15% (2011) + +**24. The Coca-Cola Co. (KO)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.71% (2012) + +Highest Dividend Yield in past 10 years: 3.36% (2016) + +**23. 3M (MMM)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.97% (2013) + +Highest Dividend Yield in past 10 years: 3.44% (2019) + +**22. NiSource (NI)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.43% (2014) + +Highest Dividend Yield in past 10 years: 4.04% (2011) + +**21. Kimberly Clark (KMB)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.90% (2015) + +Highest Dividend Yield in past 10 years: 6.94% (2014) + +**20. Cardinal Health (CAH)** + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.60% (2014) + +Highest Dividend Yield in past 10 years: 3.74% (2019) + +**19. Federal Realty Investment Trust (FRT)** + +[TTM Dividend Yield](https://preview.redd.it/i6iay0e849671.png?width=724&format=png&auto=webp&s=3afb0ea0efc061872cfe607dc52b03083e6b21b0) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.40% (2014) + +Highest Dividend Yield in past 10 years: 4.86% (2020) + +**18. Walgreens Boots Alliance (WBA)** + +[TTM Dividend Yield](https://preview.redd.it/jw7hybci49671.png?width=724&format=png&auto=webp&s=c5bbce8238003690b5ce5964f8ac2a7673249a98) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.73% (2015) + +Highest Dividend Yield in past 10 years: 4.78% (2020) + +**17. Consolidated Edison (ED)** + +[TTM Dividend Yield](https://preview.redd.it/xnybyqsk49671.png?width=724&format=png&auto=webp&s=5ee8016b3f312146cf0c2f69f06bc767d999d63f) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.07% (2017) + +Highest Dividend Yield in past 10 years: 4.31% (2012) + +**16. Realty Income Corp (O)** + +[TTM Dividend Yield](https://preview.redd.it/qlbu4gem49671.png?width=724&format=png&auto=webp&s=05ffa459e75d0cab90230aed45dc21195010d7c9) + +Dividend Payment: Monthly + +Lowest Dividend Yield in past 10 years: 4.01% (2021) + +Highest Dividend Yield in past 10 years: 5.62% (2013) + +**15. People's United Financial (PBCT)** + +[TTM Dividend Yield](https://preview.redd.it/b22dbjgo49671.png?width=724&format=png&auto=webp&s=e7356917f5f684d074bf115346bf393d991f8ff2) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.59% (2017) + +Highest Dividend Yield in past 10 years: 6.59% (2020) + +**14. AbbVie (ABBV)** + +[TTM Dividend Yield](https://preview.redd.it/c0e9thmq49671.png?width=724&format=png&auto=webp&s=0bec985e2191927aca6b890810392425c2ebe80a) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 6 years: 2.77% (2017) + +Highest Dividend Yield in past 6 years: 5.69% (2019) + +**13. International Business Machines (IBM)** + +[TTM Dividend Yield](https://preview.redd.it/fm9xdd7s49671.png?width=724&format=png&auto=webp&s=138601d82e097792ac1e694099a9c6057c7c1fc6) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 1.54% (2011) + +Highest Dividend Yield in past 10 years: 5.52% (2020) + +**12. Chevron (CVX)** + +[TTM Dividend Yield](https://preview.redd.it/a8bia48u49671.png?width=724&format=png&auto=webp&s=7abebebc6e90c8533012b1aef7698c37eaf4abaa) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.02% (2011) + +Highest Dividend Yield in past 10 years: 5.80% (2020) + +**11. Gaming and Leisure Properties (GLPI)** + +[TTM Dividend Yield](https://preview.redd.it/jmvssnvv49671.png?width=724&format=png&auto=webp&s=e3e5df8e1e1460d4b105dd35c38f1c36f1096a9a) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 7 years: 5.26% (2021) + +Highest Dividend Yield in past 7 years: 7.86% (2015) + +**10. Universal Corp (UVV)** + +[TTM Dividend Yield](https://preview.redd.it/0s24apnx49671.png?width=724&format=png&auto=webp&s=6aeb8cdc87d2fe7db9094efc18e9c7f705641720) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.67% (2016) + +Highest Dividend Yield in past 10 years: 6.85% (2020) + +**9. ExxonMobil (XOM)** + +[TTM Dividend Yield](https://preview.redd.it/im1pcjcz49671.png?width=724&format=png&auto=webp&s=ac2f1d261cf86740560c3be36db6ab2effb6e668) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.30% (2011) + +Highest Dividend Yield in past 10 years: 9.14% (2020) + +**8. ONEOK Inc (OKE)** + +[TTM Dividend Yield](https://preview.redd.it/q8d0i76159671.png?width=724&format=png&auto=webp&s=b39cc6a4da49082e80a3f5887a057c8047f9a030) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.59% (2013) + +Highest Dividend Yield in past 10 years: 12.36% (2020) + +**7. Altria Group (MO)** + +[TTM Dividend Yield](https://preview.redd.it/ko740qu259671.png?width=724&format=png&auto=webp&s=157c6e3912afabd9451d76723636098b37c7a116) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 3.45% (2017) + +Highest Dividend Yield in past 10 years: 7.91% (2020) + +**6. AT&T (T)** + +[TTM Dividend Yield](https://preview.redd.it/qpmx9ne459671.png?width=724&format=png&auto=webp&s=6e9bdb59908c2fafc383e8e6f38fb093110d1866) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 4.56% (2012) + +Highest Dividend Yield in past 10 years: 7.08% (2020) + +**5. Magellan Midtstream Partners (MMP)** + +[TTM Dividend Yield](https://preview.redd.it/01mlfk6659671.png?width=724&format=png&auto=webp&s=9d1faf43efd9eb00734c4983e826d25af6074d85) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 2.95% (2014) + +Highest Dividend Yield in past 10 years: 11.12% (2020) + +**4. Ares Capital (ARCC)** + +[TTM Dividend Yield](https://preview.redd.it/io46rcr759671.png?width=724&format=png&auto=webp&s=c7655c05f741b5859b8942a9b2d8e3f320fdd52d) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 10 years: 7.86% (2021) + +Highest Dividend Yield in past 10 years: 10.50% (2015) + +**3. BlackRock TCP Capital (TCPC)** + +[TTM Dividend Yield](https://preview.redd.it/j320emb959671.png?width=724&format=png&auto=webp&s=ca35d765293aa66319b2798c834866c562e4efe4) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 8 years: 8.24% (2021) + +Highest Dividend Yield in past 8 years: 10.67% (2020) + +**2. New Mountain Finance (NMFC)** + +[TTM Dividend Yield](https://preview.redd.it/2vpnmz7b59671.png?width=724&format=png&auto=webp&s=3104a460aa8d11a9e69f282e72cb416e3838a6c9) + +Dividend Payment: Quarterly + +Lowest Dividend Yield in past 9 years: 8.86% (2021) + +Highest Dividend Yield in past 9 years: 10.94% (2012) + +**1.** **PennantPark Floating Rate Capital (PFLT)** + +[TTM Dividend Yield](https://preview.redd.it/m6t0uqvc59671.png?width=724&format=png&auto=webp&s=a8c4c6c7df1f27d95f885b970af8a181146a5901) + +Dividend Payment: Monthly + +Lowest Dividend Yield in past 10 years: 4.32% (2011) + +Highest Dividend Yield in past 10 years: 10.63% (2020) + +&#x200B; + +*Made Using Microsoft Excel* + +*\*\*This is not investment advice\*\** + +*\*\*Do your own research\*\** +I recently came to the realization that outside of profit-related ways to spend my time, I don't really have any hobbies to enjoy with my free time. I'm curious what yours are! +# Are we Headed Toward a Hype-Induced Market Crash? + +## We’ve Been Trading IOUs this Whole Time! + +## +Disclaimers + +This report is meant to summarize my research and findings over the last 3 months, not necessarily to serve a definitive reference. More knowledgeable people than me should weigh in and poke/correct any holes in my thesis, and you should **do your own research**. **Don’t blindly trust me, strangers on the internet, or the media (see the highlighted link in the supporting documentation as to why the media is in on this).** + + + +I have a long position in GameStop. It is currently my only US market exposure. This is not financial advice. I do not work in the financial sector. This report was written on April 18 2021. + + + +While GameStop is central to the thesis, the report will not go too deep into specifics with GME speculation. Remember, the thesis is about the overall hype being fed into the reddit speculators by the reddit-hype machine. As such, some numbers are rough estimates based on the reddit speculation I observed and the data I collected, and events may be slightly out of sequence in the timeline to facilitate the writing. + +## Summary + +An ongoing battle between retail investors on reddit speculating on GameStop stock (and other “meme stocks”) and malicious hedge funds who are manipulating the stock market using counterfeit shares is about to come to a climax and uncoil a tightly-wound spring of debt, fraud, and corruption. The situation appears so dire that the mechanisms in place to control the debt that the malicious hedge funds have accumulated, should they default (get margin called), are not adequate and are about to fail. The government has taken notice and is signaling that they are about to close the loophole that allows for counterfeit shares and enforce the rules. Meanwhile, large financial institutions are propping themselves up for a major financial event that is rapidly approaching.**This appears to be a financial event similar to the global financial crisis of 2008, or worse.** + +## Research + +### What’s Going on Here? + +Before we dive in, let’s explain the core of the issue at play for this thesis. Some malicious hedge funds have been abusing poorly written rules and banking frameworks around short selling to inject counterfeit shares/securities into the markets. This is done via a practice known as Naked Short Selling. Essentially they are borrowing shares to pay back shares that they have borrowed, and are also abusing the options market to “reset the timer” for delivery of the shares. They do this to manipulate market prices with the help of the media collusion, government inaction, and other tactics (check out Confessions of a Paid Stock Basher in the supporting documentation). These malicious hedge funds short companies that appear to be fundamentally on the brink of bankruptcy, and attempt to play the “bankruptcy lottery” to maximize gains. Remember Toys ‘R’ Us? Today we’re focusing on GameStop (GME). + +### Timeline + +-In early 2020, reddit user DFV (Keith Gill, also known as DeepFuckingValue and Roaring Kitty) identified GameStop as a company with potential for a complete turnaround that already had momentum building them towards success. The hedge funds missed this. He posts his research on YouTube (Roaring Kitty) and his “YOLO” GME positions on reddit (WallStreetBets) regularly. High short interest in the stock is one of the main reasons for his long play on GME. + +-Enter: businessman Ryan Cohen. He purchases a large stake in GME, gets on the board of directors, and is proposing changes.GameStop is about to be renovated into a successful e-commerce company like Chewy.com before he sold it to PetSmart. + +-The price of GME steadily increases. + +-Eventually the YOLO bet pays off for DFV and the reddit hype slowly builds up. + +-The malicious hedge funds continue to deeply short GME and attempt to manipulate price by injecting massive amounts of counterfeit shares in the markets, “doubling down” on their bankruptcy bet in the process. + +-President Biden nominates Gary Gensler for SEC chairman + + + + + +-The January 2021 GME Short Squeeze begins. The stock briefly peaks above $500. + +-Robinhood pauses trading on its platform for select securities, including GME. This effectively decapitated the short squeeze. Robinhood cited liquidity issues for the pause. + +-Reddit eventually exposes Naked Short Selling scam but also speculates on whether GME was not the only security shorted + +-GME price settles down to \~$40 + +-Further reddit research speculates that the hedge funds are still deeply short on GME. Some speculate that malicious hedge funds have been doubling down consistently on their GME short positions in order to fabricate more counterfeit shares during the run up to the squeeze to manipulate the price. In doing so they would have essentially dug themselves into a deeper hole and another larger short squeeze would be likely. Estimates vary, but many speculate that there are 5 to 10 times more counterfeit shares than there are real shares of GME. This is literally impossible to measure as far as I’m aware. + + + +-In February, a US congressional hearing regarding the Robinhood shenanigans is held, and DFV is called to testify. + +-After the hearing, DFV doubles down to 100,000 shares of GME, and people notice he still has an amazing $12 call for 50,000 more shares expiring on April 16. + +-Reddit hype builds up again and GME gets to the $150-$200 range fairly quickly and ends up mostly stagnating there for over a month. + +-Bag holders (mostly brokers, clearinghouses, and exchanges) on the naked shorts, should a hedge fund collapse with massive debt, start issuing SEC filings detailing rule change proposals that signal impending trouble (strengthening their “insurance policy” and rules regarding securities tracking and short selling) + +-Reddit’s research now speculates that hedge funds are still manipulating the GME market price, but so are the institutional bag holders, because they have not gotten their rules in place to cover their asses yet. + +-The SEC starts sending signals that they are tightening the noose on these loopholes and maybe shutting down the printer (I looked into this myself, that last part about slowing down the Federal Reserve has yet to be confirmed with actual official communications but I think that since the incoming chairman dealt with the 2008 crash he will probably want to rip the bandaid in favour of full reforms, based on my research on him.) The Office of the Whistleblower page on the SEC website really shows what I mean. + + + +-Meanwhile, GameStop and Ryan Cohen continue to make moves towards success. They are pulling in some prime talent from Amazon and are going all in on e-commerce. They have also cleared their debts, posted promising sales figures, updated their at-the-market equity offering program, plan on installing Ryan as chairman of the board, and are now in search of a new CEO. All of this is fueling more reddit hype for the stock. + +-The annual meeting of shareholders is scheduled for June 9, with a record date which would put a share recall deadline on the brokers that is very close to DFV’s April 16 call expiry date. + +-Lots of reddit research and speculation is done around these dates and whether they mean that hedge funds with short positions must cover their shorts.This includes lots of people posting their puts and call bets on WallStreetBets with expiry dates around those dates, and April 16 (DFV’s $12 call date) + + + +-Reddit’s research eventually speculates that the bond market is also being injected with insane amounts of counterfeit US Treasury Bonds as a means to raise liquidity because “treasury printer goes brrrrrr” historically since 2008. Some even speculate that this has been going on since at least 2008. **The theory here is that the US Treasury bond market is currently a bubble of counterfeit Naked Shorted bonds, just like GME. “Everything Short.”** + +-US Senate confirms Gary Gensler for SEC chair, who is now scheduled to be sworn in on April 17 2021 + +-**April 16 2021:** + +**-DFV exercises his $12 call and doubles down again. He is now at 200,000 shares of GME. The “YOLO Update” is labeled as Final. This will further fuel the reddit hype.** + +**-SEC issues a Public Statement "Staff Statement on Fully Paid Lending" signaling enforcement against those abusing the naked short loopholes starting April 22 2021. The statement indicates that this is the end of a 6 month grace period for the financial institutions in question to put measures in place to remain compliant before enforcement of securities lending rules.** + +**-Meanwhile some of the big banks are announcing record-breaking bond sales, likely to raise liquidity to prepare while a few hedge funds like Archegos are going bust in spectacular fashion.** + +**-April 17 2021: Gary Gensler is sworn in as SEC chairman.** + +### Other Factors + +I initially didn’t put much consideration in the research based on patterns in the GME charts, but if you follow some of the guys doing the technical analysis with the charts and research the patterns that they are talking about, you start seeing a few things going on. [u/WardenElite](https://www.reddit.com/user/WardenElite/submitted/) is one of the main contributors of this type of research on reddit. Since the patterns in stock market charts are essentially representative of human psychology, I think it's likely that many of the patterns are still valid despite the heavy price manipulation. + + + +If you tie that into the timing of the ongoing pump and dump of Dogecoin (a joke cryptocurrency, worthless by design), you can see that there are a lot of indications and theories of hedge fund liquidity troubles being "solved" by pumping and dumping things like Dogecoin start to form. Dogecoin, which was essentially born on reddit as a joke, is being weaponized against the reddit cryptocoin speculators in my opinion. The timing of the recent DOGE pumps coincide with the January GME squeeze and the current events. My personal research on DOGE and the technical analysis of charts is ongoing, however the signs point to something big brewing and about to happen. I do not believe Elon Musk is involved at this time. + + + +**My belief is that the self-fueling reddit hype machine and technical analysis indicators for GME are currently converging around the SEC's enforcement deadline of April 22 mentioned in the April 16 in the SEC Public Statement on fully paid lending.** + + + +### Follow the Leaders + +We should also look to experts with proven track records with predicting these kinds of things. + + + +Michael Burry (of "The Big Short" fame) is the big one here. He actually inspired DFV’s first YOLO post in WallStreetBets after he saw Burry’s firm, Scion, go very long on GME. Burry has been warning us of an impending market crash as well, saying**rampant speculation** and **easy debt** are putting the markets “on a knife’s edge”. Sound familiar? **Robinhood hands out margin accounts like candy** to people who have no idea how to properly use them. He has called Robinhood a “Gamified Casino”. Remember, most speculators on WallStreeBets are treating this like a casino, both ironically and unironically. Michael Burry had also warned investors before the 2008 crisis and shorted the housing market, making billions in the process. The SEC recently got him to stop talking and his twitter account is now gone. Hmmmmmmm. + + + +Warren Buffet has warned us of a “bleak future” for fixed-income investors in the annual Berkshire Hathaway letter to shareholders. “Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.” He’s warning us to stay away from bonds! + + + +And then there’s Jeremy Grantham. I encourage you to listen to Grantham’s interview with Bloomberg from January 22nd. I can’t summarize it here; it’s better if you just watch it. It’s linked in the supporting documents. It sent chills down my spine. + + + +**I believe this is what they are warning us about this time.** + +## Theory + +Now this is where I connect the dots and form a theory. Take it with a grain of salt, and do your own research before forming your own opinion. + +The majority of the US markets have switched from mortgage-backed CDOs (Collateralized Debt Obligations) to US Treasury bond-backed CLOs (Collateralized Loan Obligations) as their “foundation” following the 2008 financial crisis. + + + +If GME short squeezes again, and the reddit research on counterfeit US Treasury bonds is accurate (especially the “Everything Short” theory), the second GME short squeeze may be so epic (think infinity squeeze similar to Vokswagen in 2008, but without Porsche intervening) that the protective measures in place at the time won’t be sufficient and will fail. + + + +The Federal Reserve would have to intervene, causing the US Treasury bond bubble to pop. It’s also possible that the impending enforcement of securities lending rules by the SEC could pop the counterfeit US Treasury bond bubble on its own. The reddit research, or “DD,” on this is extensive and, in my opinion, of high quality, but has a large element of speculation due to the lack of transparency with official filings and market manipulation in play. + + + +If the US Treasury bond does crash, it will take out the rest of the US markets, and possibly international markets, just like in 2008 when the US subprime mortgage crisis climaxed and triggered the global financial crisis. + + + +**The foundations of the US markets are built on a bubble of counterfeit US Treasury bonds that is about to pop, and reddit is the needle.** + +## Supporting Documentation + +##### Key evidence/research sites is in bold + +-[**Counterfeiting Stock - Explaining illegal naked shorting and stock manipulation**](http://counterfeitingstock.com/) + +**-**[**Jim Cramer draws fire over manipulation comments \| Reuters**](https://www.reuters.com/article/cramer-interview-idUKN2036292620070320) + +The YouTube video referenced has since been taken down, but the 2006 interview is up at [**https://www.youtube.com/watch?v=W90V\_DyPJTs**](https://www.youtube.com/watch?v=W90V_DyPJTs) as of April 18 2021. I have a hard copy saved as it frequently gets taken down by TheStreet.com for copyright violation. The video does not appear anywhere on their site anymore. Jim Cramer is now a TV host for financial channel CNBC. Connect the dots. + +**-**[**Confessions of a Paid Stock Basher \| AAPL Message Board Posts \(investorvillage\.com\)**](https://www.investorvillage.com/smbd.asp?mb=445&mn=25514&pt=msg&mid=1288319) + +-[Investor Relations \| Gamestop Corp\.](https://investor.gamestop.com/home) + +-[Former Chewy CEO Ryan Cohen urges GameStop to become the Amazon of video games (cnbc.com)](https://www.cnbc.com/2020/11/20/former-chewy-ceo-ryan-cohen-urges-gamestop-to-become-the-amazon-of-video-games.html) + +-[Can Ryan Cohen Work His Chewy Magic At GameStop? Here’s A Possible Game Plan (forbes.com)](https://www.forbes.com/sites/joanverdon/2021/01/11/can-ryan-cohen-work-his-chewy-magic-at-gamestop-heres-a-possible-game-plan/?sh=15dc348c472a) + +-[submitted by DeepFuckingValue (reddit.com)](https://www.reddit.com/user/DeepFuckingValue/submitted/) + +-[GME YOLO update — Oct 8 2020 : wallstreetbets (reddit.com)](https://www.reddit.com/r/wallstreetbets/comments/j7ki10/gme_yolo_update_oct_8_2020/) + +-[GameStop short squeeze - Wikipedia](https://en.wikipedia.org/wiki/GameStop_short_squeeze) + +-[Short Squeeze Definition (investopedia.com)](https://www.investopedia.com/terms/s/shortsqueeze.asp) + +-[GME : GameStop Corp. - Yahoo Finance](https://finance.yahoo.com/quote/GME/) 1Y chart + +**-**[**What to Know About Gary Gensler\, Wall Street’s New Watchdog \| Barron's**](https://www.barrons.com/articles/gensler-named-new-watchdog-of-wall-street-51610984182) + +-[**Keith Gill\, aka 'Roaring Kitty\,' testified to Congress on the GameStop saga \| Boston\.com**](https://www.boston.com/news/local-news/2021/02/18/keith-gill-roaring-kitty-gamestop-congress) + +[**Naked shorting in GME and how the pieces suddenly fit together : wallstreetbets (reddit.com)**](https://www.reddit.com/r/wallstreetbets/comments/lglrg5/naked_shorting_in_gme_and_how_the_pieces_suddenly/) + +**-**[Where are the Shares?](https://wherearetheshares.com/) + +-[GME YOLO update — Feb 19 2021 : wallstreetbets (reddit.com)](https://www.reddit.com/r/wallstreetbets/comments/lnqgz8/gme_yolo_update_feb_19_2021/) + +**-**[**Mystery solved: The deep ITM calls are coming from none other than the devil himself : GME (reddit.com)**](https://www.reddit.com/r/GME/comments/m05jed/mystery_solved_the_deep_itm_calls_are_coming_from/) + +-[is dogecoin a pump and dump scheme? : CryptoCurrency (reddit.com)](https://www.reddit.com/r/CryptoCurrency/comments/msktbh/is_dogecoin_a_pump_and_dump_scheme/) + +-[**Dogecoin, the Cryptocurrency That Started as a Joke, Is Spiking - The New York Times (nytimes.com)**](https://www.nytimes.com/live/2021/02/08/business/stock-market-today) + +-[Dogecoin USD - Yahoo Finance](https://finance.yahoo.com/quote/DOGE-USD/) YTD chart + +**-**[**Regulatory Rule Filings \- Legal &amp; Regulatory \| DTCC Financial Services**](https://www.dtcc.com/legal/sec-rule-filings) + +**-**[**The Depository Trust Company (DTC) Rulemaking (sec.gov)**](https://www.sec.gov/rules/sro/dtc.htm#SR-DTC-2021-002) + +-[Citadel is throttling buy orders &amp; manipulating the stock downwards : DeepFuckingValue (reddit.com)](https://www.reddit.com/r/DeepFuckingValue/comments/mcrr80/citadel_is_throttling_buy_orders_manipulating_the/) + +-[Biden Pick Gary Gensler Is Sworn In as SEC Chairman - Bloomberg](https://www.bloomberg.com/news/articles/2021-04-17/biden-pick-gary-gensler-is-sworn-in-as-sec-chairman) + +-[**SEC\.gov \| Staff Statement on Fully Paid Lending**](https://www.sec.gov/news/public-statement/staff-fully-paid-lending) + +**-**[**SEC\.gov \| Office of the Whistleblower**](https://www.sec.gov/whistleblower/pressreleases) + +-[Why Michael Burry Is Predicting A STOCK MARKET Crash - YouTube](https://www.youtube.com/watch?v=xtrH9LzN7SQ) + +-[**The EVERYTHING Short : GME (reddit.com)**](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +**-**[GME Annual Shareholder meeting (AGM) + Recalling the shares : GME (reddit.com)](https://www.reddit.com/r/GME/comments/me59wg/gme_annual_shareholder_meeting_agm_recalling_the/) + +-[Walkin' like a duck. Talkin' like a duck : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/ml48ov/walkin_like_a_duck_talkin_like_a_duck/) + +**-**[**What Is Archegos and How Did It Rattle the Stock Market? - WSJ**](https://www.wsj.com/articles/what-is-archegos-and-how-did-it-rattle-the-stock-market-11617044982) + +-[GME YOLO update — Apr 16 2021 — final update : wallstreetbets (reddit.com)](https://www.reddit.com/r/wallstreetbets/comments/msblc3/gme_yolo_update_apr_16_2021_final_update/) + +-[**Bank of America\, Goldman Sachs\, and JPMorgan Chase Had Huge Bond Sales \| Barron's**](https://www.barrons.com/articles/goldman-sachs-bank-america-jpmorgan-bonds-dividends-51618602441) + +**-**[**US government debt hit as analysts braced for $370bn in Treasury sales \| Financial Times \(ft\.com\)**](https://www.ft.com/content/f296fe3c-63f3-4d5c-a71f-1a677f450ff6) + +**-**[**The Fed - Who Owns U.S. CLO Securities? (federalreserve.gov)**](https://www.federalreserve.gov/econres/notes/feds-notes/who-owns-us-clo-securities-20190719.htm) + +-[Structured finance then and now: a comparison of CDOs and CLOs (bis.org)](https://www.bis.org/publ/qtrpdf/r_qt1909w.htm) + +**-**['Big Short' investor Michael Burry has warned of a stock\-market bubble and slammed Tesla\, Robinhood\, bitcoin\, and the GameStop frenzy in recent weeks\. Here are his 17 best tweets\. \| Currency News \| Financial and Business News \| Markets Insider \(businessinsider\.com\)](https://markets.businessinsider.com/currencies/news/big-short-michael-burry-tweets-tesla-robinhood-bitcoin-gamestop-bubble-2021-3-1030156694) + +**-**[**'Big Short' investor Michael Burry says he'll stop tweeting after SEC regulators paid him a visit \| Currency News \| Financial and Business News \| Markets Insider \(businessinsider\.com\)**](https://markets.businessinsider.com/currencies/news/big-short-investor-michael-burry-stop-tweets-sec-regulators-visit-2021-3-1030222890) + +-[Berkshire Hathaway CEO Warren Buffett warns against investing in bonds (theceomagazine.com)](https://www.theceomagazine.com/business/finance/berkshire-hathaway-warren-buffett/) + +**-**[**Why Grantham Says the Next Crash Will Rival 1929, 2000 - YouTube (Bloomberg, January 22, 2021)**](https://www.youtube.com/watch?v=RYfmRTyl56w) + +##### Further Research + +###### *Keith Gill (aka DFV, DeepFuckingValue, Roaring Kitty) the Legend Himself* + +[https://twitter.com/TheRoaringKitty](https://twitter.com/TheRoaringKitty) + +[https://www.reddit.com/user/deepfuckingvalue](https://www.reddit.com/user/deepfuckingvalue) + +[https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ](https://www.youtube.com/channel/UC0patpmwYbhcEUap0bTX3JQ) + +Relevant posts: + +[100%+ short interest in GameStop stock (GME) – fundamental &amp; technical deep value analysis - YouTube](https://www.youtube.com/watch?v=GZTr1-Gp74U&list=PLlsPosngRnZ1OLfGPDLLC3a8k_rrwFNk6&index=4) + +[5 reasons GameStop stock (GME) is a roach not a cigar butt a la Warren Buffett &amp; could short squeeze - YouTube](https://www.youtube.com/watch?v=JWdWCtLMoU0) + +[The Big Short SQUEEZE from $5 to $50? Could GameStop stock (GME) explode higher?? Value investing! - YouTube](https://www.youtube.com/watch?v=alntJzg0Um4&list=PLlsPosngRnZ1OLfGPDLLC3a8k_rrwFNk6)[Hey Burry thanks a lot for jacking up my cost basis : wallstreetbets (reddit.com)](https://www.reddit.com/r/wallstreetbets/comments/d1g7x0/hey_burry_thanks_a_lot_for_jacking_up_my_cost/) (first YOLO update) + +[GME YOLO update — Oct 8 2020 : wallstreetbets (reddit.com)](https://www.reddit.com/r/wallstreetbets/comments/j7ki10/gme_yolo_update_oct_8_2020/) + +[GME YOLO update — Feb 19 2021 : wallstreetbets (reddit.com)](https://www.reddit.com/r/wallstreetbets/comments/lnqgz8/gme_yolo_update_feb_19_2021/) + +[GME YOLO update — Apr 16 2021 — final update : wallstreetbets (reddit.com)](https://www.reddit.com/r/wallstreetbets/comments/msblc3/gme_yolo_update_apr_16_2021_final_update/) + + + +###### *My reddit Rumour Mill* + +It is biased towards GME as much of the theory revolves around the stock. Browse at your own risk (you will need to sift through a lot of trash) and don't blindly trust strangers on the internet (or even me). **Do your own research, there are paid shills among the redditors. >> READ THIS FIRST**[**Confessions of a Paid Stock Basher \| AAPL Message Board Posts \(investorvillage\.com\)**](https://www.investorvillage.com/smbd.asp?mb=445&mn=25514&pt=msg&mid=1288319) + +[https://www.reddit.com/r/DeepFuckingValue+GME+GME2+MOASS+Superstonk+gme\_capitalists+wallstreetbets/](https://www.reddit.com/r/DeepFuckingValue+GME+GME2+MOASS+Superstonk+gme_capitalists+wallstreetbets/) + +note: the subreddit “DeepFuckingValue” is named after Keith Gill, but is not associated with him. + + + +###### *Notable reddit contributors* + +[https://www.reddit.com/user/atobitt/submitted/](https://www.reddit.com/user/atobitt/submitted/) + +[https://www.reddit.com/user/rensole/submitted/](https://www.reddit.com/user/rensole/submitted/) + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +How many others in this group are fatFI without children? If yes, do you think you will have kids? Do you have regrets not having them? If you have kids, I’d love to hear your experience too. + +We are DINKs and have already surpassed our initial fatFI goal, but continue to work because we enjoy it and are still accumulating at a good clip. We have gone back and forth on having children and still haven’t decided yet. I’d love to hear about the experiences of others. +[https://brave.com/new-brave-browser-release-available-for-general-download/](https://brave.com/new-brave-browser-release-available-for-general-download/) + +*Redesigned Chromium-based desktop version replaces previous Muon-based browser and delivers 22% faster load time.* + +Starting today, users who download a new version of the Brave desktop browser from the Brave [website](https://brave.com/download/) will be presented with Brave’s latest browser release, which was recently redesigned and is based on Chromium. This new release (0.55) is available for Windows, macOS, and Linux. + +Today’s release is a milestone on our path to Brave 1.0, and it will be followed by several releases before 1.0 is officially launched in order to include new features in Brave Rewards (currently in beta), as well as cross-platform sync. This Chromium-based release was originally made available to developers and early adopters on [September 6th](https://www.reddit.com/r/BATProject/comments/9dkbpi/the_rewrite_of_brave_named_brave_core_is/), and then as an initial beta for a larger base on [September 27th](https://brave.com/brave-beta-release/). Developers can continue to see the latest advances in Brave’s Build Channels, which feature the [Brave Dev](https://brave.com/download-dev/) and [Brave Beta](https://brave.com/download-beta/) builds. Developers who would like to file issues can post them [here.](https://github.com/brave/brave-browser/issues) + +The Muon-based Brave browser is no longer available for download on our site, but users who currently browse with it (latest version is 0.25.2) will continue to receive necessary updates until they are fully upgraded to this new release in the near future. They can also choose to download the new version today. + +Along with today’s release, we are sharing internal performance tests and metrics highlighting significant performance advantages with this new Chromium-based browser, beyond what is achieved by simply blocking unwanted content. On average, it has a 22% faster load time than the Brave Muon version, making this release our fastest browser ever. These gains can represent savings of 8 to 12 seconds on certain sites. Details and methodology can be found [here](https://brave.com/new-brave-22-percent-faster). + +Today’s release also features the following updates from the September 27th beta version (overall feature descriptions are [here](https://brave.com/brave-beta-release/)): + +* Tab shape and color changes +* URL bar centered changes +* Brave Rewards beta: Brave Rewards replaces Brave Payments with improved usability, more visibility, and new features. With this release, Brave Rewards enters beta.We look forward to getting your feedback on this redesigned approach. +* Default Brave Shield settings +* Several Tor-related privacy enhancements (including disabling features that can leak information like the IP address) +* A private search engine can now be set separately +* Disable WebRTC setting +* Fixes to Widevine functionality +* PDF files can now load file:// URLs +* Removing links to unused sign-ins to Google +* Localization updates +* Multiple web compatibility fixes +* Various crash fixes + +We’re grateful for all the user feedback we have received since the developer version came out, which has resulted in many improvements. In the coming weeks, we will be releasing more upgrades as we get ready for 1.0 and we hope to continue hearing from you in our [Community](https://community.brave.com/c/beta-builds) forum. + +# New Download page: [https://brave.com/download](https://brave.com/download) +Just a friendly reminder that $AMZN split today 20:1. It is now trading at this current time of ~$125. I am opening a Tax Free account for a buy and hold, long term CC strategy on this and GOOGL (when it splits in the next little while). The only downside in TFSAs with my broker is no short puts allowed so I can't run the full wheel on it, but whatever, CC are enough. Add to that some ETFs that I will add to every few months I am hoping to have a nice little nest egg built up over the coming decades. + +Happy theta burn, everyone! +# Preface + +I’m not a financial advisor and none of this is financial advice. I’m an engineering background, with experience working in the Oil and Gas Sector. My past experience has involved more technical engineering design and project execution, but now I work in energy commodities. My role focuses around building statistical models (Data Science) in order to understand the energy commodity movements (oil, gas, refined products). I’m not an economist or historian, but I have a particular affinity for that sort of stuff. My experience at work also gives me key insight into macroeconomic drivers, specifically energy. This is my first attempt at writing a DD. If it is well received, I intend to write some more, specifically focused around the energy crisis, what that means for markets, inflation, and geopolitics. + +Before continuing, I would strongly recommend you read peruvian\_bull's “The Dollar Endgame.” Understand that and you pretty much will understand most of what I am going talk about next. That being said, I will do my best to try and simplify some of the topics that will be discussed here. + +# What are bonds? + +We have all heard of bonds but most people don’t trade them. Bonds are foundational to our financial system, and the moves we are currently seeing in the bond market is highly alarming. The bond market is making moves that we have not seen EVER. + +A bond is financial instrument, just like a stock. It is openly sold and bought in the bond market. Bonds are effectively debt, but it’s split up into parts so that investors can purchase a piece of that debt. This is similar to a bank loan, where the individual pays interest based on an agreed upon rate to the lender (bank). Instead of a bank, it’s just a bunch of investors who have divided that loan up and invested into it. When investors buy a bond, they put down cash which is locked in for the duration of the bond. The issuer of the bond (borrower) then pays the bond holder (investor) a interest payment on their investment. This interest is equivalent to the yield of the bond. At the expiration of the bond, the borrower then returns the initial investment to the lender. This means, when the loan ends, the lender has then received their initial investment back and also earned interest that was paid out by the borrower. Pretty simple right? + +That leads to the next question you might have… why does bond yields going up matter then? As I just mentioned earlier, bonds are debt, and the yield is the interest paid on that debt by the borrower. If the yield goes up, it means that the interest payments are increasing. Simply put, the yield increases because loaners must be incentivized to invest in the bond. Bonds with **higher yields** means that the borrower is carrying **more risk**. If you invest in a bond, and that borrower goes bankrupt, then you may never see that money back. This means that **bonds with higher yield are associated with borrowers who carry higher risk.** + +Since I believe in working smarter, not harder, I am going to directly quote Superstonk contributer delicious\_manboobs: + +>“So, a bond is debt instrument, it's like a split up loan that is not given by a bank, but by investors into the bond. So instead of a bank giving you 1,000,000$, you split it up into parts of 100$ and let 10,000 investors give you the loan. +> +>When issued, the issuer says he will pay you a certain interest over time (in this case, Citadel gives his investors 3.375%). Let's say you buy 10 notes at issuing date (100), you invested 1,000$ and Citadel will pay you 3.375% on that, this means 33.75$. +> +>The bond however is tradable on the market. You can buy and sell it. In this case, the bond seems to have been sold off, it is currently trading at 88.4. So, when the initial investor sells of his bond, another person is buying them at 88.4. So they have to pay 884 $ for the notes, but they still receive the initial interest of 3.375% on the nominal value of 1,000$ (10 x 100). The interest payment is still 33.75$, but since the second investor only bought for 884$, this now corresponds to an effective return of 3.8%. And also, since Citadel said it will pay back the nominal amount, at maturity of the bond, Citadel gives you back the initial amount of 10 x 100, namely 1,000$. Your total return consists thereof of a higher coupon paid to you (this is the interest), as well as a payback at nominal value at maturity (in this case the effective return of currently around 7.3%. +> +>So, let's say Citadel wants to raise more money and they replicate exactly the same terms for this bond. Investors will say: Well, that's nice, but I think I'd rather buy your old bond, since I will get a higher running return and an additional upside at the end. So, they will need to offer more favorable terms to their debt investors in order to raise more debt. +> +>Why would Citadel then not just buy back their bond at a discount price? Well... of course they could, but only because they raised the money one year ago doesn't meant they still have it do so. Actually, the evidence looks differently: Citadel has been raising money consistently over the last couple of months, this includes another loan earlier this year (I think around 600m$), as well as a stake sold in one of the companies (not sure whether by means of selling original shares or increasing capital in the company, I don't have that information). So why are they piling up debt and liquidity? My guess would be because they need the money for something and not just leaving it lying around on the bank accounts. +> +>As cost of debt is rising for them, they also need to show higher returns on their assets. If your total cost of capital for example is 4% and you have 1b $ in assets, creating a yearly return of 40m$ will suffice to cover your cost of capital. +> +>But if your total cost of capital is around 7% (because your debt rate just keeps jumping from 3.375% to lets say 6%), suddenly you have to make maybe 8% on your assets, so maybe 80m$. But now, everyone is a in recession, and your assets are moving to the downside, not to the upside. So since you cannot show the returns you need, you unwind your positions and try to reduce your hunger for debt.” + +**Bonds are supposed to be considered safe.** When you invest in a bond, the only risk you take is if the borrowing party defaults on their debt and is unable to pay you back. This is why pensions and other low risk investors invest heavily in bonds. + +**The bond market is also HIGHLY LEVERED. Bonds are considered to be a safe investment, and therefore fundamentally considered “safe collateral.” Pretty much ALL BONDS that are held by institutions are used as collateral for something else.** The bond market collapsing means the unwinding of all the positions that those bonds are leveraged against. This of course means that some of those bonds are likely used as collateral for say, massive short positions, or swaps. + +# Can the US Government Default? + +Back to the bond market and what is presently going on. The US Treasury 10 Year Yield has risen above 4% for the first time since 2008. So why does this matter? If we saw yields go up in 2008, how is this time any different? + +Well.. buckle up and let me show you. + +&#x200B; + +[US T-bond 10 Year Yield](https://preview.redd.it/c7rm1ceye8u91.png?width=1518&format=png&auto=webp&s=9b25ae948302b57adddaa22895f23f0823215966) + +Now why is this alarming?? It's because these are US Government Bonds. **US Government issued debt (US Treasury Bonds) is SUPPOSED to be the safest, low risk investment out there.** This debt has a yield, and that interest is paid out to the holder of the bond by the borrower. In this case, the borrower is the US Government, and the interest is paid to whoever is holding the bond. + +**Bond yields going up means that it is getting more expensive for the US government to borrow money**. This is because they have to pay out more in interest payments each month, equivalent to the yield. In the case of US Treasuries, which I will call US T-bonds from here on out, this is the main mechanism that the US government uses to fund its expenditures and to print money. In order to take on more debt, the US government issues US T-bonds. The US government now books that debt as a liability which they pay monthly payments on based on the yield. The borrower (US Government) is then credited the value of the T-bond to go spend on whatever. This is the main mechanism in which the money is created. + +Purchasers of these bonds are usually other central banks or financial institutions (hedge funds, banks, pensions etc). Central banks will buy US debt in the form of T-bonds and hold them in their Foreign Exchange (FX) reserves. Because the USD is the World Reserve Currency, central banks use these US T-bonds to influence their domestic exchange rate, prepare for investments, transactions, or manage international debt obligations. + +This is why the US is able to borrow at such low rates. The artificial demand for US T-bonds and USD means that the US is able to sell treasuries and someone was always there to purchase their debt. Because… there is no way the US would default right? The purchaser buys these US T-bonds and receive a monthly payment from the US government based on the yield. + +The USD is not the only currency that is used as FX reserves, there are others including the Euro and GBP. That being said, the US is the world’s hegemony. This means that it is the most prominent and also the most significant borrower of money. It is also considered the SAFEST. + +&#x200B; + +[What a healthy yield curve looks like](https://preview.redd.it/m6jnd7y1f8u91.png?width=564&format=png&auto=webp&s=57d861a06bd6532fe049f21356a20944d42ddd3d) + +&#x200B; + +[LOLOL WTF IS THIS? Peak yield inversion is what it is](https://preview.redd.it/6ek0n3e4f8u91.png?width=1471&format=png&auto=webp&s=bec684ba1ee189fd7968d790cab1d3b428760c98) + +Confused? Let me explain. As the holder of a bond, you have two options. Hold it and receive interest payments based on the yield, or sell it before the bond reaches maturity. When you go to sell your bond, if there are no buyers, the price of the bond has to decrease until a buyer is found. The yield also has to go up in order to make the bond attractive enough for the buyer. That is why higher yields means riskier. Remember that the yield going up is **BAD** and means that people are trying to **SELL** bonds. **Yields increase as bonds decrease in value.** + +The yield on the 2 year, 5 year, and 10 year US T-bond is now 4%. **This means that people selling US T-bonds, so the yield is increasing.** In other words, the yield is increasing because no one wants US T-bonds. + +**Why does no one want US T-bonds anymore?** + +If we go back up to the bond explanation I provided earlier, bonds yields go up because investors view those bonds as more risky. The only risk that a bond usually carries, **is a risk of default. BOND YIELDS GOING UP MEANS THAT INVESTORS BELIEVE THAT THE US GOVERNMENT IS UNABLE TO PAY BACK IT’S DEBT.** The market is effectively saying “we think that the US government will default and so yields must go up to incentivize bond buying.” + +**THE BOND MARKET IS A SYSTEMIC RISK. If the bond market collapses, any positions where bonds that were used as collateral will be unwinded.** + +&#x200B; + +[Bond market vs stock market size](https://preview.redd.it/ip5uc356f8u91.png?width=1562&format=png&auto=webp&s=0c05bb3c148ddedf4d8af8db93e1d5fc651cf071) + +The bond market is also MASSIVE. Bonds are historically considered SAFE. Bonds are considered the safest form of collateral, so the bond market is highly leveraged. If most of the bonds are used as collateral… what happens when the bond market collapses? Keep in mind the top picture is considers **stock market capitalization**, or in other words, the aggregate of the value of all the companies in the stock market. This does not consider the derivative markets which is in the **trillions**. If the bond market makes up collateral for even a portion of the derivative market (which I assure you it does), then the bond market collapse means the unraveling of the derivative market. In fact, **it means systemic collapse of our existing modern banking system.** + +Apologies if that is so alarming… it’s not FUD. I am just trying to present the information in an easily understandable way so that most can digest this. + +Now keep in mind that US T-bonds are supposed to be the safest investment out there and take a look at the following... + +&#x200B; + +[US T-bond 20+ year yield performance vs S&P 500 performance](https://preview.redd.it/z1ax5yq7f8u91.jpg?width=2048&format=pjpg&auto=webp&s=6aaba6f1bd9c6f319f649164da4db5a7308c9ef0) + +This chart shows the performance of the 20+ year US T-bonds and the S&P500. **Usually investors rush to buy bonds during economic hardship.** This is because **bonds are supposed to be safe, especially US gov't issued T-bonds.** When interest rates rise and the cost to borrow increases, bonds do better while stocks do worse. This is what happened in 2008. As stock performance dropped, investors and institutions put their capital in bonds. Now look at 2022. + +**In 2022, bonds are performing WORSE than the stock market.** **SPECIFICALLY, US T-bonds.** Realistically, all bonds are performing worse, but I want to focus on US T-bonds here. The alarming thing is that **US T-bonds which is just government issued debt** is now performing worse than in the stock market. + +What does that mean? This means that, even though bonds are supposed to be safe (history shows us that they are actually more correlated than in recent times), **the market thinks that bonds are a BAD IDEA right now.** Extrapolating from this, **THE MARKET THINKS THAT THE US GOVERNMENT CAN NO LONGER SERVICE IT’S DEBT.** + +# The Vanishing Bond Market + +https://preview.redd.it/melluszaf8u91.png?width=495&format=png&auto=webp&s=dec41c1f38a9307f8e055b0d490374e6c86ca52d + +Want to see something hilarious, scary, and anger-inducing at the same time? Take a load of this: + +&#x200B; + +[US Treasury Clown Show](https://preview.redd.it/e7d2sewbf8u91.png?width=591&format=png&auto=webp&s=65e480d4d486784ac4e93c7cf7480f7017fb28b4) + +So you’re telling me that the US Treasury is ASKING BANKS if it should buy back US T-bonds in order to improve market liquidity? If you’re still not following me, let me explain… + +In a true free market that operates on supply and demand, selling an asset will increase the supply of the asset in the market and therefore decrease it’s price (given demand stays the same). In the bond market, selling bonds means the value of the bond decreases and the yield of the bond increases. In order for a sale to be made though, there has to be a buyer. Take a load of this headline: + +&#x200B; + +[No trades = no liquidity... bond yields rise until buyers are interested... what happens when no buyers are interested?](https://preview.redd.it/awtj051ef8u91.png?width=1239&format=png&auto=webp&s=94dc9e9b917ac4538af475ac3275f7412b39b542) + +This means that no one was buying Japanese bonds, aka debt issued by the Japanese government for four days. This means that there was NO LIQUIDITY. The US Treasury asking if it should buy back US T-bonds means that there is **poor liquidity.** In other words, no one wants to buy their shit bonds because they think it’s not worth it (why buy it if the yield is 4% and inflation is 8+%?). + +This is a slippery slope, because as bond yields continue to rise, then bonds become worth less and less. Any positions using that bond as collateral will get margin called. The institution holding the bond will then have to put up more collateral in order to stay in that leveraged position. Since the bond market is highly leveraged, a bond market collapse means the collapse of pretty much the entire banking system. The selling of bonds causes a cascade of selling, causing yields to go up and bond valuations to plummet. This unraveling is the death of the current system. + +You might have heard of the pensions in the UK blowing up recently. Let me explain what happened... + +&#x200B; + +https://preview.redd.it/5qa00q6hf8u91.png?width=983&format=png&auto=webp&s=6ad64cf17fb8bde4f7dba56cdc2b61e8124b2906 + +Pensions are supposed to be safe, and they generally invest in bonds. Because the yields have been so shit over the last decade, these pensions were given the ability to use leverage. In the UK these bonds are called “Gilts.” Gilts are like US T-bonds. They are issued by the UK government, and are denominated in Pound Sterling. A few weeks ago, the UK government issued a mini-budget which included tax-cuts to corporations, a price cap on energy, and no change to interest rates. This mini-budget focused on providing stimulus to the economy. The idea was that putting more money back into people’s pockets would in turn provide the push needed to get out of this recession. Makes sense right? Well yes, and no. This is what governments have been doing since 2008. **Because this stimulus did not come out of the current budget, it had to be funded by government debt, aka printing money.** This government debt is created by selling gilts so that the government can spend more. Because the current recessionary environment is inflation driven, what the UK government (and by extension the Bank of England) tried to do was to print more money to get out of it’s predicament. + +**Stimulus is inflationary.** When the government took **inflationary measures** to try to ease the market, the market panicked. Gilts were being sold off (yields increasing), and the pound took a beating. + +This mini-budget caused panic in the markets, as investors went to sell their gilts and (supposedly) short the pound. + +When UK pensions who held gilts, blew up because of USD strength and general UK fiscal/monetary policy disaster, they needed to put up more collateral, which they didn’t have. The UK government had to step in and bail out the pensions. These bailouts ended Friday, October 14th. + +&#x200B; + +[USDGBP 30 minute](https://preview.redd.it/uhif7kohf8u91.png?width=1511&format=png&auto=webp&s=197499f828e44b49229a433891ed2a88fb8e8eff) + +The above is the USDGBP 30 minute chart. **The chart going up means the USD is getting stronger against the Pound.** This means one USD buys more GBP. This is happening everywhere around the world as explained by the “Dollar Milkshake Theory” and “The Dollar Endgame.” + +Let’s say I am a UK pension fund. Because bonds are supposed to be safe, I go out and buy bonds. In fact, I go out and buy the safest bond of them all, Government Issued Bonds (US T-bonds or gilts), because there is no way the government doesn’t pay back it’s debt right? We’ll see about that…. Well anyways, the yield on these bonds have been so bad recently because of low interest rates and what economists call “weak money.” This environment breeds speculation as everyone wants to get in on the piece of the pie. Pensions funds who suffer negative income due to these low yields are now allowed to use leverage, so some of these pensions go out and put these bonds up as collateral in a derivative. This derivative can be anything (including used to short our favorite stock). **If the value of their collateral (bonds) decreases because yields go up, then the fund holding the bonds has to put up more collateral to meet margins. Additionally in the case of gilts, if they are leveraged against a USD denominated asset, the institution holding the bond as collateral will also have to put up increased collateral if their gilt goes down due to USD strength.** + +The combination of a rising USD and increasing bond yields is therefore a death choke. Now take a look at the other currencies around the world: + +&#x200B; + +[USDJPY 30 minute](https://preview.redd.it/8nu73fkif8u91.png?width=1518&format=png&auto=webp&s=c367823290af34d7bf53818f36e2b94fbc832e26) + +[USDCAD 30 minute](https://preview.redd.it/4wbjnjjjf8u91.png?width=1511&format=png&auto=webp&s=9cf6e564e7487ed1a7a914be80ef78fb8a74e797) + +[USD vs. a basket of currencies 30 minute](https://preview.redd.it/m1syygtkf8u91.png?width=1514&format=png&auto=webp&s=e8b35f8e9f723ca9d09d32e06a8e9a4e86f6ee65) + +In the world of FX, to manage your currency being devalued, a central bank would go to the open market, sell their foreign reserves and purchase up their own currency. By doing this, they are **increasing the supply of FX reserves in the market, therefore driving the value of that FX down, and decreasing the supply of their own currency in order to increase it’s value.** Now what happens when the Yen is devalued to the point where the Japanese Central Bank must choose between it’s own currency and the USD? The Japanese will likely begin to sell US Treasuries. What’s scary is that foreign countries hold a lot of US T-bonds. What happens if these countries begin to sell these T-bonds in order to support their own currency at rapid rates. + +&#x200B; + +https://preview.redd.it/so2bv68qf8u91.png?width=1298&format=png&auto=webp&s=276e06a3cfbba9dbee6ef45bf83f6694bf6cd0e0 + +**What happens when there are no buyers of these US T-bonds?** This is what is so funny and terrifying about the US Treasury asking banks if they should buy back debt. The only way that the US Treasury can fund this, is by printing money. The US Treasury is essentially asking: “should we buy back our own debt, which is funded by printing money?” + +Imagine if you could just pay your credit card bill by printing more money. That is effectively what the US Treasury is asking. This is the path to hyperinflation. In fact, this is precisely what the “Dollar Milkshake Theory” and “The Dollar Endgame” predicts, but I am hoping that this is more digestible for people who don’t understand the bond market. + +What I've shared here is nothing new. If you read and understand The Dollar Endgame, this is essentially just that... I have seen some confusion about bonds so I thought this would help. + +This is what an inflationary debt cycle looks like. High debt + an energy crisis putting immense inflationary pressure on the system = debt crisis. A debt crisis can go one of two ways. Central banks can choose to burn their way out, or increase rates and crush demand. In other words, the Fed has two choices: + +1. Hyperinflation. Burn your way out. Print to provide liquidity to the bond market... buying up your own debt (T-bonds) with printed money. This saves the banking system. This is like Weimar Germany. +2. Deflation, raise rates until demand is wiped out. This saves the currency. This is like the Great Depression. + +Either way, both are essentially two sides of the same coin. Governments will collapse because of this. I expect wide social unrest, supply chain shortages, energy shortages, and of course... revolution in many countries. It will be a tough several years, but I know that we will come out of this stronger, with a better system. How do I know this? Well... DRS and find out. + +**If there is good reception, I can write more.** I wanted to write one on the energy crisis specifically. I work in energy commodities, so have a fairly good understanding of the risks and limitations of the energy market. These factors create asymmetrically painful inflationary environments for countries who do not have energy security (EU, specifically Germany for example). The energy crisis and divergence between supply and demand is a key macroeconomic factor that is applying pressure on our system and by extension, governments and central banks. Understanding this energy crisis can help people understand one of the key inflationary pressures on the system right now and why Putin's weaponization of energy resources is so significant. Let me know if you wanted to see something on this! + +No TLDR on this one cause... well, read it or you won't understand bonds. + +edit: grammar + +edit 2: thx for all the great feedback +This isn't strictly FI, but hopefully it's not too unrelated and mods will allow it. It seems like a lot of us here are pursuing FIRE because we aren't happy with our work, and don't want to be stuck doing it until we die. In the [Want to live longer? Retire early](https://www.reddit.com/r/financialindependence/comments/cb13um/want_to_live_longer_retire_early/) thread, there is a lot of discussion about this and how terrible corporate life is. This comment by filmfan2 really resonated with me: + +> as i hit 50 and have a few bucks in the bank at this point, that feeling and voice only grows louder every day! i just did it / put up with it when i was younger because i needed the money. 80% of "work" is a big waste, beyond humans needing food and medicine/health. we dont "need" the majority of all this crap. + +That's exactly how I feel. The problem is I'm in my early 30s. + +Now on the FIRE path I'm doing pretty good. I'm in a LCOL part of Europe, have been working since 16 and now work in tech, so if I stick with what I'm doing for another 15-20 years I should be golden. I really don't know if I can though. + +So I'm wondering if anyone has made a big career switch while pursuing fire. I know of barristaFIRE, but that's not really what I mean. If I switch I'd probably need to work longer (I'm in tech now, so it would probably be a big paycut), so I would want to do something I really enjoy that makes me happy. I don't really know what that would be though, so has anyone done anything like this? +In light of the long weekend that just passed, I'm wondering if anybody has considered (or tried) switching from a 5-day working week to a 4-day working week? Would many employers even allow you to cut your hours and keep your salary pro-rata? + +A 4-3 split between workday/weekend seems so much more generous than 5-2 in terms of work-life balance. A 4-day working week also supposedly leads to better productivity (and I know personally I feel much happier at work when I feel more productive). And with the way that progressive taxation works, the pay you'd be missing out on is the pay that is taxed at the highest rate for your income (in other words, even though you're cutting 20% of your full-time working hours, your take-home pay would be cut by <20%). + +Obviously whether or not this is a good decision would depend on personal circumstances; but in my case I've saved up plenty of money, work in an industry where >80% of my usual salary would still cover my financial needs, have worked for over a decade now and am happy with my career progression (I'd guess that working less than your co-workers may make it more difficult to land promotions), and if it isn't working out you could always switch back to regular full-time work. + +Very curious to hear other peoples thoughts and experiences with this. +TL;DR: The Bank of England base rate has been increased from 2.25% to 3%. + +This means that the interest rate on savings accounts should go up, and the interest rate on loans and variable mortgages (and new fixed rate mortgages) will also go up. + +[Link to Bank of England Announcement](https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2022/november-2022) + +If this base rate hike is going to cause you financial difficulty, you might find some helpful information on [this Mod post](https://www.reddit.com/r/UKPersonalFinance/comments/tk8e8g/april_2022_cost_of_living_crisis) relating to the cost of living crisis. +I have the following. Looks fair? What should I add? I also am on the fence about oke and uvv. I'd put all my money in T and MO, but I figure I have to diversify! I like the 6.5%+ yields + +?= I dont own yet.. + +ET, CIM?, MO, T, OKE?, EPD, UVV?, SPG?, XOM, ENB + +Energy Transfer, Chimera, ALtria, ATT, Enterprise. Universal, SImon properties, Exxon,n + + +Edited : +Current best ones: T. MO. Spg. Pbct. Xom, epd, abbv, uvv, etc. +# Preface + +**TL:DR at bottom.** + +**I'll start this by saying that this post is hearsay, and I while I feel like I'm providing evidence that points to the conclusion that** r/Superstonk ***IS*** **being censored, all of this evidence is** ***circumstantial.*** **Given that, I included counterpoints to each points. If you think of other** ***LOGICAL and REASONABLE*** **counterpoints, feel free to message me.** + +**If this really is happening, I want to make it known. If you are experiencing any of this yourself, or feel the same as I do, please upvote for visibility. I expect this post to be an easy target for shills to hide with downvotes.** + +**\*SHILL WARNING\*** This is an easy post for shills to comment on given it's nature. Please take the comments of this post with a grain of salt. With that being said, if this indeed is not happening to you, then feel free to let me know in the comments. + +# Point 1: Superstonk is not on many users' home page. + +There is a few posts talking about a reddit setting "*Next Generation Recommendations"* that is turned on by default. [Post here](https://www.reddit.com/r/Superstonk/comments/oaaygv/reddit_feed_showing_superstonk_less_how_to_fix/). This has not worked for me in this situation. + +I *personally* have not seen Superstonk in my home feed for a couple weeks, even with that setting turned off. Most of the time, the post I see first is from a certain movie company's subreddit. I haven't visited this sub in at least a month. When it is from there, it's from a subreddit I visited once or twice in the past month. + +Something to note: I personally think that if you are not subscribed to many subreddits, reddit is forced to show it on your home feed in order to fill it. The more subreddits you have, the less you will see superstonk. (Theory) + +I'll link a few posts that support this theory. + +From u/damn_nation_inc: [Anyone else seeing less Superstonk in their feed?](https://www.reddit.com/r/Superstonk/comments/obo93w/anyone_else_seeing_less_superstonk_in_their_feed/) + +From u/t-dac: [Is reddit recommending superstonk less to anyone else's feed?](https://www.reddit.com/r/Superstonk/comments/oa87k3/is_reddit_recommending_superstonk_less_to_anyone/) + +From u/WifesBF69: [Anybody else notice their home reddit feed isn’t showing as many...](https://www.reddit.com/r/Superstonk/comments/o6mcpp/anybody_else_notice_their_home_reddit_feed_isnt/) + +**Counters to this point:** + +* This could be circumstantial, and only happening to certain people. +* This could be an algorithmic error, and not the result of human fuckery. + +# Point 2: Superstonk is not on the list of top 5000 subreddits. + +I don't know about the reliability of this site at all, as is not affiliated with reddit. For all I know, it could be an old site with outdated data, or using an API that is outdated. On that assumption that it is using accurate data, Superstonk is not on the list of top 5000 subreddits, as seen in this picture here. + +&#x200B; + +[This screenshot was taken at 7\/2\/2021 with superstonk at 503k members.](https://preview.redd.it/zzm2rp15hv871.png?width=1415&format=png&auto=webp&s=3944c28ab1ea140b63b47d526379c11bef99518f) + +Whether this site was bought out by our resident bedpost handler, or is using an API from reddit that doesn't even contain superstonk, this is weird. + +**Counters this point:** + +* This could be using outdated data. +* This could be using an outdated API. +* There could be a minimum subreddit age for something to appear on this list. + +# Point 3: Superstonk is not in the community directory. + +I feel like a picture is all I need to explain this point. + +&#x200B; + +[Most of these subreddits are a fraction of the size of Superstonk.](https://preview.redd.it/tos4ly29hv871.png?width=1148&format=png&auto=webp&s=911f0d8fb9df5ecc4fb5b6db95df64d1aa46fb79) + +Feel free to check this one out for yourself. [Community Directory sorted by "S"](https://www.reddit.com/subreddits/s-1) + +**Counters to this point:** + +* There could be a minimum age for a subreddit to appear here. +* There could be a minimum member count, and a subreddit must be added manually to this list. This could have just not happened yet given how fast Superstonk has grown. +* This could be an API/Computer error of some sort. + +# Possible Solutions: + +If my suspicions are correct, this censorship is coming from Reddit itself. Given that we are on their platform, there is not much we can do. They maintain full control over their platform, and at the end of the day, they do what they want with the content on it. *However,* as I said before, this post is all hearsay. Many other possibilities as to why this is happening exist. This very well could be an algorithmic error. + +My hopes are that ***IF*** this really is being done purposely, then we can make enough noise to be noticed. I went ahead and submitted a request through Reddit's [Submit a Request](https://reddit.zendesk.com/hc/en-us/requests/new) feature. Mine looks like this. + +&#x200B; + +[Please don't be stupid, and put in stupid requests\/complaints](https://preview.redd.it/bal6yfcbhv871.png?width=711&format=png&auto=webp&s=488ca7f1312c62eb3c41a64bb509570eb1ef7bba) + +Feel free to make your own. + +# Conclusion/TL:DR + +Something is wrong with Reddit. Superstonk is being censored, whether it be a purposeful censorship, or algorithmic error, and I have never seen something like this happen with a subreddit. + +**Side note: BUY AND HODL YOU BEAUTIFUL APES!** + +Edit: Removed a section regarding the reddit request. Originally made it more urgent looking than I meant to. Feel free to do this if you wish. + +Edit 2: As u/trCCper said in a comment, there is no urgency in this. I linked the reddit help request in case anyone felt like doing it. Regardless of whether this is happening or not, the motto is the same. **BUY and HODL** + +Edit 3: There is a lot of conflicting comments on this post. Many are agreeing, and many are disagreeing. I want to list out what I’ve seen. Pardon the formatting, on mobile for this edit. + +1. It seems that old reddit is not having this problem. +2. It seems that some of the reddit suites are also unaffected. +3. Some users are saying they saw this post on their homepage. I’m curious if the people saying they are unaffected are only using old reddit. Considering making a poll for this when I get home. +4. Seems that some android mobile app users are also unaffected. + +Edit 4: Seems my picture links are giving 403 errors. Not sure why, but it may be a formatting issue. I’ll attempt to fix it when I am home. + +Edit 5: Fixed the pictures. +So, about two weeks ago, I went under contract on a house. I planned to take a loan out against my 401k, to cover some closing costs. I applied for the loan and it said it was approved, on the John Hancock website. It said it was to be deposited next paycheck, 4/29/22. The money was not deposited. When I called JH to find out why I was told that my plan administrator never approved it. I went to her , (the daughter of the ceo of my small company), and was told she had not been contacted by them, and even wagged her finger at me. When I called JH back, they said , the trustee (her dad) never authorized her to approve it. They have since approved the loan, and it will be deposited tomorrow. I decided to look through my 401k transactions and noticed that the contributions are both highly variable, per check, and often are not taken out in a timely manner. There are contributions from January and February of this year that have yet to enter my account. I suppose I don’t have any direct evidence that they are stealing, but it all raises many red flags. Thoughts? + +EDIT: In addition, the 401k person said that there is not enough cash in the main 401k account to cover all the missing contributions. I guess I don’t understand where the missing money is. + +EDIT 2: I have contacted the DOL to have an agent contact me regarding this. + +Edit 3: I sent my dad, a cpa, all my 401k statements and pay stubs for the past year. He thinks they are both skimming from 401ks to pay expenses and failing to pay federal withholding . So yeah + +Edit 4: Special shout out to Nathan W from WCU ;) +I’m curious why many talking heads you see on news or other sources are not predicting at lease home values returning to 2019 prices somewhat quickly. + +Maybe I’m wrong but we have seen rates go up and they are currently almost double what they where in 2019. Plus we are seeing more rental units being built and ready to come online soon. We are projected to have more layoffs. Currently we have some of the highest rates of young people living at home with parents. More company’s are demanding workings back in the office and no longer allowing work from home full time. And the average home is way higher then the average wage. All this would make me believe that since home prices shot up with record low interest rates and many people moving out of cities to lower cost of living areas these rents should reverse just as fast as they set in. So i would think in a maximum of a 2 year time should see homes go back to the 2019 price ranges. Could someone explain why this reasoning would be wrong. + +It’s hard to get my head around how people are listing dumpster fire homes still for half a million. +This may sounds like a bizarre question, but bear with me. + +I'm signed up for cryopreservation with a US company called Alcor, which is where you (or just your head for the discount version) are vitrified in liquid N2 as soon as possible after your heart stops beating in the hope that tech will advance enough at some point to be able to "reannimate" you. This may or may not work. If it doesn't work, I don't get to find out. If it does work, then obviously I do. My best guestimate is that it will be multiples of centuries after my death that it might be possible for me to be re-alived, as it were. I am going to assume that money will still exist in some form, so I have two questions: + +1. Is there a financial vehicle where I can put some investments in it that will follow a simple set of rules for reinvestment while I'm "dead", that will be guaranteed to be reserved for if and when I reanimate? I suspect that I cannot "own" something in the conventional sense while dead. +2. Obviously the most powerful force in investment is time, and I suspect I'll have an awful lot of it (if it all works out), so I only want to invest in very safe slow grown investments. For instance, is there some sort of tracker that will spread my investments across bonds in 50% of the top most stable world economies? Something like that. + +As for storage (of belongings), there is not much - just a small locker, so I've started things that are partially of value to me (diaries, photos of family/friends), but also of possible collector value in the future: stamps and bank notes and coins mostly, an aging tube map, a couple of artworks, etc. + +If you don't like the idea of cryopreservation, on a moral or even physical basis, you don't have to answer. Am happy to discuss the ins and outs of it in any resulting thread, but please bear in mind that people have a lot of different beliefs about {death/death rites/what happens to your mind} after you are legally dead. Mine is just one of those sets of beliefs. + +Edit: + +Costs:There are two sort of preservation, head-only ($90k), or whole body (about $200k from memory). I live in the UK and have to fund an extra $20k to be transported over there if I'm not in the states when I die (they have an emergency team in the UK/EU). + +Funding: I took outwhole-of-life life insurance for £90k, which is inflation linked, as is the premium, whihc started off at £93. I bought waiver of premium cover with it in case I'm unable to pay due to illness or having no work. The policy is signed over to Alcor using an absolute deed of trust so they are the sole beneficiaries and policy owners; I just pay the premium now. + +The freezing process: You are not frozen. There are no ice crystals to damage the cell structure. The process that occurs is described in some detail here: [https://alcor.org/procedures.html/](https://alcor.org/procedures.html/) and here: [https://alcor.org/Library/html/newtechnology.html/](https://alcor.org/Library/html/newtechnology.html/) but in a few sentences: Your circulation and blood pressure are maintained while slowly introducing a replacement fluid over a period of hours to surfuse your cells enough so as to prevent the formation of ice crystals. The head/body is then slowly cooled to -195C and put into liquid nitrogen where virtually no chemical activity occurs due to the low temperature. The liquids in your brain are still liquid, just the molecules aren't really moving significantly. + +Investment: I'm interested in slow and steady growth over a long period of time in very safe investments, so 1% above inflation is fine. Hence government bonds would do. Turns out a trust is too expensive (you need at least £1m to make it work although don't ask me why). However, Alcor have a thing called a MIFIT, where you can invest smaller amounts for your own future and works in a similar way to an umbrella company. I'll be looking into this over the next month or so. Info here: [https://alcor.org/Library/html/multi-investor-future-income-trust.html](https://alcor.org/Library/html/multi-investor-future-income-trust.html) +So I was actually looking forward to finally having our NASDAQ type tech growth firms listed on BSE/NSE but it seems like a lot of tech startups who are quintessentially seen as Indian will be listing on NYSE/NASDAQ. + +A quick Google search showed me three high profile firms which are planning to do so: InMobi(India's first tech unicorn startup), Flipkart(Arguably India's first consumer tech startup success story) and Jio(one of the most ubiquitous brands here now). I was particularly shocked to see Jio since Ambani is kinda a poster child for Indian business circles. + +What exactly is preventing them from IPOing here ? Why is SEBI and Govt of India not looking into resolving issues to prevent Indian firms from leaving Indian investors out in the dust ? + +[https://www.livemint.com/companies/start-ups/inmobi-india-s-1st-unicorn-plans-us-ipo-at-value-of-up-to-15-billion-11617186713969.html](https://www.livemint.com/companies/start-ups/inmobi-india-s-1st-unicorn-plans-us-ipo-at-value-of-up-to-15-billion-11617186713969.html) + +[https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/82533913.cms](https://economictimes.indiatimes.com/tech/funding/flipkart-plans-a-big-billion-day-with-new-investors/articleshow/82533913.cms) + +[https://www.business-standard.com/article/companies/reliance-looks-at-nasdaq-listing-for-jio-platforms-ipo-likely-by-2021-120052700048\_1.html](https://www.business-standard.com/article/companies/reliance-looks-at-nasdaq-listing-for-jio-platforms-ipo-likely-by-2021-120052700048_1.html) +Background: My spouse and I recently relocated to be closer to family. We are 31 years old have 2 children (ages 2 and 4). I make $100K/year. Spouse stays home but will go back to work in 3 years when both kids are in school. Will likely make \~$30K/year (I'm not factoring this in to our budget though). I'm also not factoring in the $600/month child tax credit we are receiving for this year since we don't know if that will continue. We have 2 newer vehicles (2017 and 2019). One is paid off and one has 12 months of payments left so we don't plan to replace these in the next few years. We are hoping the house we buy will be our long term home as we don't plan to relocate again. + +&#x200B; + +We would ideally like to find a house for $350K or less, however most houses that are reasonably close to my new job (within 30-45 minutes) and are in a good school district are listed at $375K or higher. With the state of the market, we will likely have to pay over asking which is why I am trying to determine our hard limit. $425K seems like it could work for us but still worries me a bit. Here's a breakdown of our assets and budget: + +&#x200B; + +**Assets:** + +**Liquid cash**: $145K (recently made $90K on the sale of our previous house) + +**Retirement accounts**: $160K + +&#x200B; + +**Budget (I keep an excel file of our expenses so these numbers are based on what we've been spending):** + +**Monthly net pay (after taxes/insurance)**: $6600 + +**Investments (401K, Roth IRA, 529s)**: $1200 + +**Car payment**: $370 (12 months left, could pay off entirely if desired) + +**Car Insurance:** $110 + +**Gas:** $150 + +**Food**: $800 + +**Utilities**: $250 + +**Internet/phone bills**: $200 + +**Miscellaneous expenses (household/kids stuff):** $1000 + +&#x200B; + +**Remainder:** $2520 + +&#x200B; + +Speaking with our mortgage broker, we would have no problem being approved for over $425K. At $425K with 20% down, our cash to close would be $93,300, leaving us with just over $50K in cash on hand. The monthly payment, including taxes and insurance would be $1980. This leaves us with about $500 in extra cash outside of our budget each month. + +Is this stretching ourselves too thin? I was hoping to keep our monthly payment below $1800 to leave us with additional cash to increase our retirement investments. However, thinking long term we would really like to pick a house in a good school district for our kids that we can stay in for 20 years or longer. I appreciate any feedback. +PLEASE FORGIVE THE LACK OF MEMES AND THE LIKE. CLEAR COMMUNICATION IS IMPORANT AT THIS POINT. + +TLDR: NFT Marketplace Bug Report Template at the Bottom. Comment below with issues you encounter using it. It will serve to collect info for the development team should they desire to utilize it for fixes and improvements. Comments on this post will be sorted by new for ease of sorting. + +WARNING: In dealing with the marketplace, BE SMART. NO ONE at GameStop will contact you asking for your seed phrase/passwords/private info. Be aware that new tech with this much hype is going to draw a lot of bad people trying to take advantage of things. STAY SAFE. + +Well Apes! BUCKLE UP! + +[https://beta.nft.gamestop.com/](https://beta.nft.gamestop.com/) + +It's here. After months of speculation, research, and hype, Gamestop has officially revealed their NFT Marketplace for use. This represents a huge step forward for our company, and is a very large piece of the long term strategy that Ryan Cohen and Co. have already put into place for Gamestop. + +We have offered very few calls to action as a moderation team since the inception of r/Superstonk. However, given the incredibly valuable opportunity the launch presents, we have a few points of action and encouragement for the community to hopefully join us in. + +To begin, we want to acknowledge the incredible and historical work that the team behind this marketplace has put in over the last year. The fact that we are only now seeing the results of that labor means that they have been spending a great deal of time and resources to getting a product to us as finished as possible. However, as with any tech launch, and especially one that includes so many unprecedented features, there are going to be hiccups and bugs that are going to need to be worked out. We want those bugs found by apes. This community has been so incredible at collective action to solve problems, and I don't think it's a stretch to say that having the wrinkles that need to be ironed out discovered by friendly supporters of the company is significantly more favorable than waiting for them to be organically discovered by users at large. + +We are calling on the community to get to know the marketplace inside and out. It's a tool for YOUR company. And if/when you discover issues that come up with your experience, please use the template below to be able to report it. The NFT team has put in so much time and effort. Let's make their job as easy as possible moving forward. Included at the bottom of this post is a template that we'd like you to use to report any issues you encounter. It will make it incredibly easy, should they choose to use it as a resource, for them to gather the info needed to get fixes happening quickly. + +Secondly, there's going to be a whole lot of news and information circulating about the marketplace itself. It is going to be so important that we accurately represent our experiences and support of the platform. To be clear, we are not asking or encouraging anyone to fill reviews with false positivity and reports. When you utilize the marketplace and have a positive experience, write about it. Post reviews. Get word of mouth circulating. You can bet we're going to see negative reviews spammed to try and undercut this launch. Counter it with the truth of your experiences. + +Finally, and this one should honestly go without saying, but GO USE THE MARKETPLACE. We want traffic, purchases, stories, all of it. The better the metrics look at launch, the more this is going to be able to continue to add an absolute fuck ton of long term value to the company we already love. + +This isn't the end of anything, and there's still work to be done. However, this is definitely a time for celebration. The marketplace going live is proof of the long term success coming for Gamestop. After over a year of anticipation, anxiety, and a whole lot of hopium, we're finally able to start reaping the fruits of our collective support of our stock. Let's do everything we can to ensure that this marketplace is as immediately successful as is possible. + +BUG/ERROR TEMPLATE: Copy and Paste this into a comment below, comment after filling out your information. + +1. OS: +2. Browser: +3. Browser Version: +4. Please describe your problem: {What page are you on? What are you doing? What behavior did you expect to happen? What behavior happened instead?} BE AS DETAILED AS POSSIBLE +5. Additional info: {include further relevant information here, especially the wallet address} + +Example: + +1. OS: MacOS Monterey 12.3 +2. Browser: Chrome +3. Browser Version: 99.0.4844.83 (Official Build) (x86\_64) +4. Please describe your problem: When I am on profile edit page to update my reddit username from foo to barrrrz, I expect the change to be saved however it is not saved. + +Additional info: eth address: 0x23984756289473678054768 wallet provider: metamask if I remove z from my username it is saved + +&#x200B; + +EDITS: A few word for clarification, and notice that this will be an ongoing project for the sub as we keep moving forward. + +EDIT V2. Right now we're looking at wallet connection and profile creation being the active options on the site. Obviously more will be coming at some point. Updates coming as we find them. + +Edit: Warning about scammers added, included specifics about wallet address in submissions +Hello, I woke up this morning to two separate charges that add up to $490 to my checking account. It was to, let's call it Gym A. I'm not a member there, had to look it up to even locate it. It's in my town. + +I call bank first thing to dispute the charge and freeze account for fraudulent activity. Since it is a bank draft I need to go to the branch to shut down that account to prevent future withdrawals. + +I got suspicious and tried calling my gym that I still pay a monthly 11 dollars membership to see if they are affiliated with Gym A. Turns out they went out of business (like I said, I hadn't been there in awhile). I called another branch of my gym and asked if they were affiliated with Gym A. The guy tells me that the other branch sent their members to Gym A after they went out of business. However the charge this morning was roughly 5x what I was paying in a year! + +My question is, should I go to Gym A to try to resolve this or just let the bank make me a new checking account. A complicating factor is I get paid on Friday via direct deposit and this may be too close to change accounts without disrupting my cash flow. I feel like Gym A acted in a fraudulent manner and that my gym had no right to sell my account, especially my bank account to another gym. + +Advice please? + +Edit: If people haven't seen my reply below, here's the gist. I called the Gym that sent the charges. Talked to the manager, he looked up my info was very apologetic. Their system charged me for the last 9 months plus 25 bucks a month late fees. Whether this is true or BS, I don't know. However he said he put in a refund today which should process tomorrow morning. I cancelled my Stop on the original amount which apparently holds up the refund process. Tomorrow morning I should wake up to a refund. I'll update tomorrow. +[u\/bye\_triangle u\/pinkcatsonacid u\/Grungromp](https://preview.redd.it/2ot06yxivh471.jpg?width=1426&format=pjpg&auto=webp&s=e98f2afd1ed9489be0b91d99153ba0135e52401e) + +# _______________________________________________________________ + +# 🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤 + +# _______________________________________________________________ + +# Today's Recap 📉 + +# $GME Closing Price: $220.67 + +# Open Price: $282.00 + +# Daily High: $288.00 + +# Daily Low: $211.00 + +# Volume: 22,437,670 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🖍🍎🚌GME 101🚌🍎🖍** + +*If you're new to Superstonk, start here!* + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) (Updates coming soon) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +The apes of [r/Superstonk](https://www.reddit.com/r/Superstonk/) sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +I am back again but have no fear, Pink will be back for the Friday edition of The Jungle Beat, tomorrow. Thanks for being so understanding! + +Also, regarding today's price action, here are my thoughts:At this point, the price doesn't even matter to me. I have been on this rocket since February 1st, and since then I have seen them throw everything they can at the stock to suppress the stock and the sentiment surrounding it... The manipulation of this stock is so blatant at this point, it laughable. Some of you may have heard the saying about how a magician never does a trick for the same audience twice... Well, this is why. + +We have had months to analyze price fluctuations in concert with other data points, tracking all these different indicators and how they react to certain events. We know how this game is played now and not even dipping back to double digits could stop me from buying more. If there is uncertainty brewing, all that one must-see is the fact that we went up for two straight weeks on no news at all-- Suddenly, we get a bunch of good news all at once, and the price drops by nearly 100 points... [OBV isn't budging](https://www.reddit.com/r/Superstonk/comments/nwqrsw/nobody_is_fucking_selling_obv_remains_on_a/) and neither am I 💎🙌 + +I love this stock and I am going to wallpaper my house with GME shares if they make me wait long enough. This company is about to explode in popularity and I got nothing to lose by waiting. + +Cheers,B\_T + +^(P.S. I totally bought the dippest of dips today, and it felt) ***^(amazing)*** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Executive Additions** + +[Credit: u\/Ill\_Illustrator9776 https:\/\/www.reddit.com\/r\/Superstonk\/comments\/nwlqdt\/ ](https://preview.redd.it/o9dsxich1g471.jpg?width=640&format=pjpg&auto=webp&s=376dea47d9f7da70f6c3ee09e859181a0ef6b7c1) + +This had me in stitches 😂 + +Yesterday we got the news that Matt Furlong is the new CEO of GameStop and joining him as CFO is Mike Recupero. Both of these guys are ex-Amazon, both holding high ranks within that company for many years. So, for those keeping track, the ex-Amazon roster within GameStop's C-Suite is as follows: + +\-Matt Furlong **C**hief **E**xecutive **O**fficer + +\-Mike Recupero **C**hief **F**inancial **O**fficer + +\-Jenna Owens **C**hief **O**perating **O**fficer + +\-Elliott Wilke **C**hief **T**echnology **O**fficer + +\-Matt Francis **C**hief **G**rowth **O**fficer + +^((And that not even mentioning the amazing team being built below the executive suite. They have been building out a robust team for months.)) + +Now, I am not a huge fan of Amazon. They are completely destructive to any sort of competition which I believe is a healthy part of life. That having been said, Amazon is a hugely successful business that essentially prints money, and apparently even more so when there is an existential threat like the pandemic. So, I think that this team is going to do wonders with GameStop. I think under the guidance of Ryan Cohen and the addition of Chewy executives, GameStop can take on Amazon and others in the gaming industry... which honestly, shouldn't be too hard given how little attention its competitors actually pay to that side of their business. I am incredibly bullish on what comes next. LFG + +***So much for GameStop going bankrupt*** **😅**\*\*\*.... Sorry short-sellers, it's time to give up.\*\*\* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**😵Counting Confusion 😵** + +Yesterday there was a lot of FUD going around right as the vote numbers came out. Thankfully, you brilliant Apes squashed this in no time. For those that missed it, this was many people's reaction to seeing the documents: + +***oH nO?! ThErE wAsNt OvErVoTiNg!!! SqUeEze OvEr.*** + +[Credit u\/PiezRus https:\/\/www.reddit.com\/r\/Superstonk\/comments\/nwa8bl\/ryan\_cohen\_be\_like\/](https://preview.redd.it/jvcyjlkbdg471.jpg?width=500&format=pjpg&auto=webp&s=62e4cdc37114b43c71be0967413812160c2cd5e6) + +**Turns out, it is even more clear now that there was overvoting.** + +When a company receives more votes than shares in existence, they cannot publish that number on their 8k and go about their business. This is something that got largely overlooked in our AMA with Wes Christian. + +What happens is, the votes get "trimmed" to reflect a more possible number of votes, and the company gets informed of the real number. It is obvious that the number we were given does not reflect the vote, because if accurate that suggests that almost **EVERY SINGLE SHARE** was voted... and as much as we really wish that could have happened, we know that within our community there are many apes who couldn't vote. + +That's not to say that the true number of shares out there is this number we were given + the ones that couldn't vote. What this really means is we have evidence that the vote was trimmed and likely by a lot. Unfortunately, the ball is still in GameStop's court with regards to the true number. Though I would expect to hear something about it from them soon, it is their fiduciary duty to their shareholders to deal with the situation, and we are all watching and waiting. + + +Edit 4:49 PM: Here is an informative DD on this matter from [u/greysweatseveryday](https://www.reddit.com/user/greysweatseveryday/) +[PSA: The Votes Are In! Here's all you need to know.](https://www.reddit.com/r/Superstonk/comments/nwc4mi/psa_the_votes_are_in_heres_all_you_need_to_know/?utm_medium=android_app&utm_source=share) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**💰💲Earnings 💲💰** + +25% net sale increase across the board. Talk about Deep Fucking Value, this company is currently waaaaaay undervalued. Furthermore, they beat "Analyst" estimates by 50% earnings per share... + +You can look further into the earnings report here: [GameStop Corp. Quarterly Report](https://sec.report/Document/0001326380-21-000066/) + +***I am starting to doubt these analysts really know anything at all 💀 lol*** + +With all the documents that came out yesterday, all at once, there are still many wrinkle-brains that are combing through these pages. I think there are a lot more breadcrumbs to find within these fillings, but it will take time. This ape knows what's up: + +[Superstonk 101: Wait a couple of hours and the truth will come out](https://www.reddit.com/r/Superstonk/comments/nw6mz4/superstonk_101_wait_a_couple_of_hours_and_the/) by u/Cheapseats87 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🐵 Monkey Business 🐵** + +It sounds like everyone had a great time watching Monkey Business yesterday. We had a list of topics that were going to be discussed, but due to the large influx of new information that came out just as we were starting-- it went off track a bit... + +All things considered, I think it went really well for our first episode. I am really looking forward to future editions of Monkey Business. Please let us know what you thought, we encourage constructive feedback! Also, if you are interested in participating in Monkey Business as a guest, or you have a topic in mind that you'd like to see discussed, please let us know! + +If you missed yesterday's stream, you can watch it back, here: [Monkey Business](https://www.youtube.com/watch?v=UDKC_oXqhGM) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🤖 Satori, Cyber Security, and you 🤖** + +We have been sending messages to approved users from [u/satori-blue-shell](https://www.reddit.com/u/satori-blue-shell/). We realized that this may cause an unintentional security risk. To remove confusion in the future, all messages will be sent directly via the subreddit. You can recognize an official message when the sender information contains "via [r/Superstonk](https://www.reddit.com/r/Superstonk/).” (see below) Any other message from an account claiming to represent Satori should be reported to the moderation team. + +[ Examples of Official Satori Messages ](https://preview.redd.it/jdx20ia9og471.png?width=1342&format=png&auto=webp&s=bde753082a2b7e3ef4f9fb530be8a51a8618e771) + +**The Next Evolution in Seeking the Blessing of Satori** + +When we launched Satori just over ten years… wait… one week ago (time is meaningless right now apparently) we were confident that the tool we had developed could be very valuable to this community. We hoped Apes would be able to see the incredible potential this had to be a total game-changer, but we never imagined this level of positive response and immediate support. Thank you all for your trust and assistance. + +Wanting to make sure we do right by the community, we’ve been hard at work to make sure Satori is the best tool we’re capable of making. From the moment of reveal we’ve been having Apes inquiring how to get Approved status. We’ve had great success with our current system, and we’re now announcing that we’ve made a significant upgrade! From the time of this post forward (like in the comments to this post, if you’d like) if you comment **!apeprove!**, you will send a message to Satori to enter you into a priority list to be approved. You will also then receive a message through the official method (as highlighted above) outlining the updated process. + +We are so happy that we can now give frequent commenters and those right around karma limitations the ability to join the fold of the Approved as soon as possible! + +A couple of quick points: + +* You only need to comment !apeprove! once to be added to the queue. Spamming the command will not speed up your process, and can result in your removal from the Approval queue completely. Shills spam. Don’t do it. +* If you are already an Approved User, then you do not need to do anything more! Keep enjoying the omniscient benevolence of our robot overlord! +* We are now also moving to prioritize Apes who are below- or just above current karma requirements. We want to be able to contribute without the fear of being downvoted into silence. +* REMEMBER: Approval is not an endorsement. It does not mean anything beyond the fact that an account has yet to act in a suspicious way YET. Do not let your guard down at any point. +* 🦧🧠💎👐🚀🦍🌝 +* EDIT: Anyone commenting will be seen by Satori. Even if you don't have sufficient karma to comment, it will get flagged in our system before removal by automod. So EVERYONE CAN GET IN. + +**Now, with that out of the way, a few pieces of housekeeping** + +*Defending the Sub: How to Report Nefarious Activity* + +We have received a TON of help in many forms in keeping the sub clean. This has come in people sharing screenshots of shill posts, sending messages to the Satori team members, contacting mods, etc. Thank you so much for that! Remember, \*We. Are. Satori.\* Our Mind Reading Monkey is only as effective as the community itself. Please continue to be vigilant, use those down/upvote buttons, and if you see something, report something. + +A word of caution: Just because you may think a post feels negative, or you disagree with it's premise or claims, doesn't automatically qualify it as FUD. Be aware of amplifying the echo chamber. And absolutely do not threaten those making the posts. We've got ways to deal with this properly. + +We'd now want to give you specific guidance to allow you to be the most effective with your defense of this sub. + +The absolute best way to draw the All-Seeing Mind of Satori to specific posts or users is to use the "message the mods" function of the sub. This sends a message to the entire mod team, which means there's a greater chance someone will see it sooner than if you message an individual. Satori will then be fed the information given in the message, meaning you reach both parties with one click. It's a one-stop shop to get the report to every single party who needs to see it, and also keeps the sub clear of posts of screenshots of FUD. + +*A Return to Old Tactics: Bad Actors doing Bad Things* + +The last week has proven to us that we're under the skin of those trying to bring the sub down. What we're doing is working. With heavy restrictions in place for posting and commenting, we're seeing a move back to older strategies, as well as a few new ones. There's been a surge in private messages, in downvoting folks below karma limits, reports of suicidal tendencies, and many other strategies to try and unnerve our community. Please be on the lookout, keep your heads on swivels, and if something looks or feels suspicious, report it to the mod team and Reddit. + +Satori co-creator and [r/Superstonk](https://www.reddit.com/r/Superstonk/) moderator [u/catto\_del\_fatto](https://www.reddit.com/u/catto_del_fatto/) did a much more in-depth breakdown of what we're seeing, and what you can do to counter it, in yesterday’s Jungle Beat, which is linked at the bottom of this post + +The-Definitely-Not-Mind-Controlled-By-The-AI-We-Created-Team Satori + +*Want to know more about Satori? Start here.* + +\[Announcement Post\] + +[https://www.reddit.com/r/Superstonk/comments/nplhx7/game\\\_stop/](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) + +\[Follow-Up Post By One Of The Creators\] + +[https://www.reddit.com/r/Superstonk/comments/nqnora/satori\_the\_first\_36\_hours/](https://www.reddit.com/r/Superstonk/comments/nqnora/satori_the_first_36_hours/) + +\[New and important information from Team Satori in the Jungle Beat from 6/7/2021\] + +[https://www.reddit.com/r/Superstonk/comments/numi3i/the\_jungle\_beat\_monday\_06072021\_2\_days\_til\_annual/](https://www.reddit.com/r/Superstonk/comments/numi3i/the_jungle_beat_monday_06072021_2_days_til_annual/) + +By u/Grungromp + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Superstonk continues to grow** + +I was taken aback when **today we hit 420k members on** r/Superstonk. I remember the day of the migration here so vividly. I have never and will never see anything like that again. To see how much the ape community has grown since r/gme is mind-boggling. I have so many more wrinkles on my brain and I could not have done that without the tireless effort of every single one of you apes. So a huge shoutout to everyone out there. + +&#x200B; + +[Also, 228k online 🤯](https://preview.redd.it/ulrn8afc8h471.png?width=900&format=png&auto=webp&s=c436a5e28d0c260ebc55e2629449c518da467fc7) + +Apes together strong <3\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_**Just gonna leave this here 👀** + +[ ⏰ Tick Tock Kenny ⏰](https://preview.redd.it/xpsmo82vsh471.png?width=1056&format=png&auto=webp&s=da5478cdd391a07863e5d8a41d88fab7acaa5685) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**👩‍🚀Help Wanted👨‍🚀** + +**If you have any interest in assisting with the Summary/ Transcriptions check out this post from** [**u/Bradduck\_Flyntmoore**](https://www.reddit.com/u/Bradduck_Flyntmoore/)**,** [**Superstonk Seeking Volunteers**](https://www.reddit.com/r/Superstonk/comments/nw3s9m/superstonk_seeking_volunteers_ama_transcription/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**🚨 Reddit down 🚨** + +With Reddit having issues during high traffic, exciting moments in this saga, we have discussed what to do if Reddit has an outage. + +**IF REDDIT GOES DOWN AT A PIVOTAL MOMENT A LARGE PORTION OF THE MOD TEAM IS ON TWITTER.** + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +**IF THERE IS SOMETHING BIG GOING ON WHILE THE OUTAGE IS HAPPENING WE MAY ALSO UTILIZE THE "EMERGENCY BROADCAST SYSTEM" TO RELAY INFO:** + +[SuperstonkLive YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***OOK OOK*** + +***"I may have been early, but I am not wrong"*** + +[🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍](https://preview.redd.it/cyv8wnvzcg471.jpg?width=1600&format=pjpg&auto=webp&s=038ea14ecb6c1f2e026763bd1858d4e628596a61) +https://www.cnbc.com/2019/10/01/charles-schwab-is-eliminating-online-commissions-for-trading-in-us-stocks-and-etfs.html + +"Charles Scwab said on Tuesday that it is ending commissions for online trading in U.S. stocks, exchange-traded funds and options. The changes will apply to securities on Canadian exchanges as well." +Hi all! Per the conversation that was had the other day, I thought I'd come by and share both my experience as an EA and some wisdom on why we are a smart (if pricey) investment! + +A bit about me: I've been an EA for about 10 years now, ever since graduating college. I've also had Director-level titles and stints in charge of operations and program management, but Executive Assisting is my true passion - calling, if you will. My situation is a little different than your average EA, simply because I am hoping to fatFIRE in the future due to being extraordinarily lucky in the family I was adopted into. I graduated from a science policy based program at a top tier university, and while I originally thought being an assistant would be a stepping stone, I quickly realized that not only was I good at it, it could be a fantastic career all its own! At this point I'm working in the tech industry (software specifically), am the EA to the CEO, and earn $100k annually, on top of fabulous benefits and bonus potential. + +Trust me, I earn every penny of that. + +Things I handle for my boss include, but are not limited to - + +* All domestic and international travel, to include flights, hotels, car services, etc. Depending on the trip, I also arrange all meetings and make reservations at appropriate restaurants. I've even gone so far as to arrange to have room service delivered to his room prior to his arrival if he/she is going to get there after the kitchen closes. +* Schedule and calendar management - I'm the gatekeeper. Very little goes on my exec's calendar without me knowing about it or putting it there myself. This includes my execs! In most of my jobs I've been treated like a member of the Senior Leadership Team - the more I know the better able I am to prioritize what my exec is working on that day. I keep track of short and long term goals, "big picture" items, and then day to day priorities and accept/reject meetings because of that. +* Drafting memos, board slides, speeches, and emails. One of the first things I do when I'm working with a new executive is to go through their emails and read as much as I possibly can. This gives me two advantages: I start to learn the company on an intimate level, and I start to learn my bosses "language". I'm a chameleon who has to learn how to write in a way that it sounds like my boss, not me. This allows me to then manage the exec's inbox - triaging what's important, flagging what they need to put eyes on, and drafting responses as necessary. I also collect, draft, and/or provide all materials necessary for each meeting, ensuring they are prepared and confident ahead of time. +* Trusted confidant, idea sounding board. I am 100% loyal to my exec, and often refer to myself as "Switzerland" within the organization as a whole. Even if I feel like the company is going in a direction I don't agree with, or if decisions were made that I raise my eyebrow at, I ONLY ever raise these concerns with my exec. Then, regardless of the outcome, I stand by my bosses decision 110%. I am constantly exposed to highly confidential information, discretion is king. + +Above all else, my goal is to ensure that my executive is functioning at their absolute highest capacity. No one mired in administrative work and day to day fluff is able to do that. That's where I step in. I'm my exec's partner, confidant, sounding board, lunch valet, coffee getter, concierge, and sometimes punching bag all in one. If I travel with my exec, I carry with me at all times things that I know they need/might want during the course of the day at the conference or in their meetings. I'm one step ahead of them at all times laying out the red carpet and paving the way for them to smoothly go from one thing to the next without worrying about whether they'll find time to eat or if the dog walker has been by that day. My job description is 90% "other duties as assigned." + +In short, I'm the Machiavelli to your Prince. I'm the backbone that keeps it all together. I'm what they call a "Best In Class" EA and I'm here to answer any and all of your questions! +I was going through a lot of active funds like Axis Bluechip, ICICI bluechip fund, etc...All these funds beat Nifty 50 in the long run. If the total returns ( which includes the expense ratio ) is higher than index funds, why do we need to look into expense ratio ? In general, when the expense ratio is included in the returns, is it not sufficient to just look at returns to compare different funds ? Why the expense ratio need to be considered ? +Hello everyone, +I work as a veterinary technician in Washington State and have been working full time in my field for 3 years now. The small animal clinic I'm currently at I've been working at for 14 months now and haven't had any problems until about 1 month ago. 1 month ago we got a new manager who every single week once I've hit 40 hours asks me to clock out but stay and continue to work. Every time he has asked me this I've told him I have no problems with working extra hours but I won't stay and work without pay. I've already brought this up with the clinic owner and she has taken no action and has only claimed she would talk with him. I've brought it up with her twice now the last time being about a week and a half ago. I assume she has yet to take any action because he continues to ask. When my manager asked if I would stay and work (yes, without pay) after hitting 40 hours earlier today he seemed visibly upset after I said no. Which is making me start to wonder if my job is at risk because of this. I've already contacted and sent my resume out to other possible employers to prepare for a worst case scenario but I was wondering if anyone else has been in a similar situation and has any recommendations on what I should be doing differently. +In [this video](https://youtu.be/W4AIul7_9o8?t=309) warren buffet says the quote in the title. And I was wondering if anyone here has some intuition as to why a government bond (which is what he was discussing) would be more risky as time passes, and why would a stock be less risky? +Throwaway account for anonymity. + +I’ve recently discovered that my credit score is in the ballpark of 500 even though I’ve never owned a credit card in my life. I checked my credit report and discovered a plethora of negatives and unpaid accounts totaling to about $7000. All of the charges occurred when I was around 16-years-old so it would’ve been impossible for me to have made them. I asked my parents and they admitted to having made the charges and said that they would "make things right". That was 2 years ago. I did some research and discovered that even IF they paid the accounts off I’d still have a pretty shitty credit score. I’ve also talked to my brothers and they’ve reported having the same thing happen to them. My score has prevented me from securing a car, applying for housing to move out, and securing loans. My score is also not a reflection of my financial literacy and it sucks because I have great money management skills and have always paid my bills on time. I need advice on how to go forward with the situation. +Title kind of says it all—how do you all plan ahead so you have money for different types of goals? Do you only care about long-term goals, or do you like saving for smaller goals as well (like buying a TV or taking a vacation). Curious what everyone's process is like. + +I use Betterment auto investing every week for some goals (future car purchase, saving for a home, etc.) and then don't plan too much ahead for smaller goals. +When people are planning to negotiate salary, I frequently see that they are given advice like "never be the first to say a number." While this is frequently correct, there are many other situations in which you are leaving a lot of money on the table if you let the hiring company establish a salary range. Why is this, and which is which? + +We would be remiss if we didn't pause to discuss the psychological concept of [anchoring](https://en.wikipedia.org/wiki/Anchoring) here. *Anchoring* is our tendency to be "anchored" to the first number when making decisions. A simple example: Lets say I have an apple I want to sell you. I'm willing to part with my apple for a minimum of $5, but I'd really prefer to get more. For your part, you're willing to pay up to $10, but you'd really rather pay as little as possible. Now, let's say I speak first and I set my price at $12, because I'd really like to get at least $10, so I bumped it up a little bit. What happens next? We negotiate back and forth - you probably offer 8, I counter with 11, and we settle on $10. But what if you had spoken first and offered $3? We certainly would have ended up with a lower settlement. Anyone who has (like I have) been fleeced by a street vendor remembers this lesson rather ruefully - but we don't always think to apply it to our salary negotiations. + +This effect is often subtle and very hard to avoid - in one classic study, participants wrote down the last two digits of their social security numbers, then bid on items. People who had written down bigger numbers made bids that were up to twice as high as people who had written down lower numbers - even though on the face, the numbers shouldn't be linked at all. + +This is why it can often be so powerful to be the one to set the range. But there are other situations in which it doesn't work at all - usually, in situations where you badly want a settlement, but don't have enough information on what might be acceptable to the other party. + +Every negotiation has a bargaining zone - the zone where my interests and your interests overlap. In the apple example above, our bargaining zone was between $5 and $10 - any price between that range is acceptable to both parties. But what if I was selling an apple and had absolutely no idea what you might pay for it? In that case, it might make sense for me to let you speak first and work from there - especially if I would take almost any price for the apple. That way, at the very least, I know that we can make a deal. + +The goal, then, is to determine to the extent possible what your negotiating partner's bargaining zone is. We do this by identifying their walk-away point - the point at which the cost is too high and they would rather do something else instead of make a deal. This is when you start searching on glassdoor, indeed, and all the other salary websites to try to figure out what the average market pay for your position is. Then you can anchor the negotiation by asking for a high, but not unreasonable salary. + +What else can you do? Try to figure out what that "something else" is that a company would rather do than say yes to an unacceptable deal (sometimes called a 'BATNA,' a "best alternative to a negotiated agreement"). This can come in many forms - on a personal level, your BATNA might be to keep your old car rather than pay a cent over $10,000 for a new one. For a hiring manager in a salary negotiation, it could mean many things: + +* Leave the position unfilled and restart the search for candidates +* Promote someone internally to take the role +* Not hire anybody at all +* Hire a candidate who is less qualified, but less expensive + +And so on. You can see how trying to identify the best alternative for your negotiating partner can help you guess at what their bargaining zone might be - the worse their alternatives, the more eager they will be to make a deal. + +**So**, you should speak first when: + +* you have a rough idea of what your negotiating partner's bargaining zone is, so you are confident that your ask isn't so unreasonable that they leave the table immediately +* you know or suspect that your negotiating partner has bad alternatives to reaching a settlement with you +* you have less to lose - if you miss the mark and your negotiating partner leaves, you aren't going to be out on the street + +You should let the hiring company speak first when: + +* you have little to no idea of what your negotiating partner's bargaining zone is and you worry that your ask will be so unreasonable that they will leave the table immediately +* you know or suspect that your negotiating partner has good alternatives to reaching a settlement with you, so you want to be sure that the settlement is acceptable +* you have more to lose - you badly need this job and even a bad agreement (for you) is better than no agreement +Do you think that the we will see better growth from U.K? I have my eye on a few so called ‘recovery’ stocks still on a discount which I’m hoping will succeed long term too. + +Will travel and tourism plays like National Express, EasyJet, IAG (BA) or hotel focussed WTB, IHG display a fast upward trend? + +Other areas of focus after some more dd are SSE, ITM, RDSB, POLY, Anexo, Reckitt, Unilever. What are your long term 2021 plays for the U.K.. +If we imagine the housing market as a 2007-style bubble waiting to burst, how could one profit (or hedge against) such a collapse? + +I recently met a lady who with her husband is planning to retire to France as their house is suddenly worth a fortune. A house down the road from me just sold for about 30% more than it would have two years ago. People right now seem to act as if the party will never end. This [Guardian article](https://www.theguardian.com/business/2021/aug/14/sorry-kids-house-prices-arent-going-to-stop-going-through-the-roof) suggests that there's just no reason for the house prices to go down - given pent-up savings, rise in remote working. + +To add to this, the article says, "a recovery in private tenant demand and even lower returns from other assets has pushed the buy-to-let mortgage market back to where it was before Osborne’s reforms." + +But I personally feel it'll end in tears. Why? + +* Some people will give up looking to own and just rent instead, and will move to cheaper places where they work remotely (even abroad). + +* People may instead prefer to spend their money on travel and experiences - after 1.5 years of the opposite + +* Governments mindful of housing poverty may dial back buy-to-let properties + +* Lots of unwanted office space may be turned into flats, freeing up supply. + +* The upcoming census results next year may show slowing population growth, which inevitably leads to housing becoming cheaper. + +Question is, how do you profit from it? + +EDIT: I meant to say I believe the bubble will burst SOON - as in, within 1 year! +Logged in this morning expecting a bloodbath but my portfolio was only slightly down thanks to the pound drop off. +Obviously this has little bearing long term but it amused me after I and some others had moaned about the weak dollar destroying profits on the way up. Swings and roundabouts! +My landlord upped the price by $30 per week from the next lease (in March) + +I told them that seems a little steep considering I've been a good tenant and actually done some work to make the place better than when I moved in, so could we negotiate it down to $15. + +No, we cannot. + +I then asked if I could sign a 3 month lease at the new rate rather than a 6 month one (There's a chance my parents are going to buy a place in which case I'd move into that). + +No, 6 months minimum. Then they started asking me why I wanted a 3 month lease and whether I was planning to move out. + +I understand they're just tryin to maximise their $ and stability but it's frustrating as fuck since I'm now paying $100 per week more than I was at the start of last year. + +I take it I don't have any bargaining room at the moment? + +More reason to hurry my parents into buying a place I guess. +Facebook is a growing company that owns many more companies. They are really working to expand What’sApp and Instagram. There is clearly a bright future ahead. + +Microsoft is also a growing company. They also own other companies like Xbox and LinkedIn. In addition, they are looking to purchase the popular TikTok app from ByteDance to get into the social media game. + +Both of these stocks have grown by about the same amount in 2020. In addition, they are both around the same price range. (Only $35 separates the two). + +Therefore, if you had $1000 which stock would you purchase and why? + +Of course, if you have a better option for the 1k, feel free to recommend it. +Note to mods: I see the no MEME STOCK rule. This subject discusses the entire "meme" basket in the context of real numbers and facts. It is in no way intended to be negative at any single security or subreddit. Hope it can stay up as part of a larger discussion about swaps and criminal activities shorting our beloved GME. I just don't know how to tell this story without mentioning MEME STOCK. + +I’m a quiet ape. I’ve been here since before the beginning, watching, buying, learning. I’m not a financial ape, just a humble ape with a knack for patterns and big pictures. A few weeks ago I posted this speculative piece on swap evidence, no need to read it first, I only want to highlight I’m the same person since much of this post builds upon this original. You can find it on my profile if desired. + +**Updated TLDR June 29, 1:35PM ET** + +**TLDR: Citadel is using the meme stocks in swaps to cellar box all of them. I have numbers, RC pointing as clearly as possible at swaps and key events relating to those swaps. Not all meme stocks are the same. GME, Headphones, and Baths maxed in January, MEME STOCK, Blackfruit, and NOQ in June. I explain why. RC's second buy aligns to late July and Early August as his first buy to the Jan 2021 sneeze. I also clearly explain the meaning and timing of the 69 tweet and the tombstone tweet. Those are best revealed in context....** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# INTRODUCTION: + +Do you ever take a moment to think about how we all got to this point? Yes, we all know about the crime, swaps, naked short selling, payment for order flow, DOOMPS. + +I mean specifically, what happened to cause the January 2021 and June 2021 sneezes? The DD covering post sneeze and how SHF’s are controlling the price are amazing, however they are looking at data after January 2021. + +I want to understand this saga from much earlier. What did RC see before he bought? What previously set in motion sequence of events did he discover and divert, setting us on this journey to the stars? + +# PART 1: The theory + +Enter Shill Whisperer <[https://twitter.com/ShillWhisperer/status/1530623185229586432](https://twitter.com/ShillWhisperer/status/1530623185229586432)\> on twitter describing a derivative swap: + +“Free float market capitalization (ffmc) \[swap\] between GME and \[meme stock\]. Wherein as long as \[meme stock\] ffmc is greater than GME swap is intact.” + +In plain English: Citadel and a Bank traded a set number of shares of equal $ of GME and MEME STOCK. Citadel is the owner of the MEME STOCK shares and receives the GME shares. The Bank is the owner of the GME shares and receives the MEME STOCK shares, all off the official books of course. + +&#x200B; + +* Citadel pays the Bank interest equal to Libor plus 1-2% (estimated) for duration of the swap. +* If GME Market Cap and MEME STOCK MC move together, swap is neutral +* If GME Market Cap drops relative to MEME STOCK MC the Bank must pay to equalize swap +* If GME Market Cap increases relative to MEME STOCK MC Citadel must pay to equalize swap + +The Bank assumes a steady income and covered risk if GME goes up relative to MEME STOCK. Citadel gets paid if GME MC is below MEME STOCK MC. + +I think you can see where this is going. + +Swaps are the critical piece of this whole puzzle. If you understand how this works, the rest of this post will make a lot more sense. Huge credit to u/Blanderson_Snooper for their DD on swaps. Go read the whole thing [HERE](https://www.reddit.com/r/Superstonk/comments/ojh2eh/ultimate_wargame_theory_the_beginning_total/). He is talking about slightly different swaps, but the concepts and how they are leveraged applies. + +Here is what I think happened sometime in 2017 Q1: Ken Griffin walked into a bank and the following conversation happened: + +&#x200B; + +https://preview.redd.it/z3l7cjei3g891.png?width=1190&format=png&auto=webp&s=45b792265c9ba61ef5420fc110628bb2d5a6f238 + +Sr. Banker: Welcome Ken, good to see you. + +Ken: Likewise. If you don’t mind, Im a busy man, lets get down to business. + +Sr. Banker: Sounds good. What do you have in mind today? + +Ken: I have a million shares of MEME STOCK worth about $32M id love you swap with you. + +Sr. Banker: Interesting, what were you looking to swap from our portfolio? + +Ken: Im interested in GME today, you have more than $32M of that on your books I believe, its about 1.4 million shares. + +Sr. Banker: GME? Again? Under what terms? + +Ken: Same as before. We swap the shares worth a total of $32M, I’ll pay you Libor plus two percent. If GME moons, I’ll cover the difference. + +Sr. Banker: (Laughing) And let me guess, if GME tanks I’m on the hook? + +Ken: That’s right, just like the BlackFruit and Beds deals we did end of 2015 and last Spring. + +Sr. Banker: Sounds good to me. I presume you have the paperwork all drawn up? + +Ken: Right here. + +After reviewing and signing the documents Ken shakes the Bankers’ hands and departs the conference room. + +Sr. Banker to Jr Banker: Go short GME. If I know Ken, he’s about to obliterate it and there’s no way I’m losing money on this deal. + +Jr. Banker: I’m on it. What happens if GME goes up? If Ken doesn’t hedge his position we can get stiffed when Citadel blows up. + +Sr. Banker: Don’t worry. Its Ken Griffin, he knows what he’s doing. + +————————————- + +Ken probably did this multiple times with multiple banks just like our buddy Mr. Burry as shown in the Big Short. Just like our recently bankrupt friends at [Archegos](https://en.wikipedia.org/wiki/Archegos_Capital_Management) did to get margin and large positions in a select few companies. + +It also conveniently creates an insane number of synthetic shares. The 1,400,000 GME shares swapped in the example above are now synthetic and will be sold by Ken. They are still technically listed under Institutional Owners with the SEC. It gets worse. The Bank also opened a short position covering their 1,400,000 GME share exposure to Ken. That’s 2,800,000 shares shorted from thin air, which should still be tucked away safely in the Bank’s holdings, from a single meeting, with no record. + +# PART 2: The numbers + +During the dramatic telling of the now infamous swap meeting(s), I intentionally used $32M and the specific dates. Go back and take a quick look. These dates and numbers are going to be important. + +Tighten your tinfoil moon helmet, time to enter the rabbit hole…. + +Our first stop is a high level view at Citadel’s holdings of the "meme" securities Don’t worry HEADPHONES will be covered further down. Let’s just say it’s a little….different. + +Using this super handy site [https://13f.info/](https://13f.info/) I pulled Citadel’s 13F quarterly holdings for each security from Q1 2015 until Q4 2020. These are positions, not gains/losses. Positive means they are net long on that security that quarter. Negative means they are net short that security that quarter. Net position = Shares + Calls - Puts + +&#x200B; + +https://preview.redd.it/ef46v4kn1g891.png?width=1422&format=png&auto=webp&s=468d2f884d691e8b1f6726eb75f9a81e83de39fd + +What the hell are we looking at! That’s a lot of numbers and shading! The green means long, red is short. Darker the color, the higher the value. Its fascinating to see how they transition into and out of positions. Take note of **$32,349,000** MEME STOCK position in **Q1 2017** and the corresponding GME position. + +See any patterns when compared to our story? + +Here is the stock price calculated from the 13F over the same timeframe. The yellow corresponds to each local peak Citadel position greater than $10M, the peach cells are local peaks less than $10M: + +https://preview.redd.it/4e1q8xxo1g891.png?width=1340&format=png&auto=webp&s=a00c0b6aadd159711a03271ea4d0843ab67e4cbf + +The first take away is the shocking consistency a large position is immediately followed by a drop in position and share price. The biggest positions are followed by Citadel transitioning to a short. I wish I could always sell huge positions at the peak, must be nice to control the price. + +But that’s not the scariest part of this chart. Enter HEADPHONES: + +&#x200B; + +https://preview.redd.it/1em2steq1g891.png?width=1596&format=png&auto=webp&s=830a0479be1c1914c2ce161a59a1590b2db504ac + +&#x200B; + +https://preview.redd.it/2vx1i5qr1g891.png?width=1560&format=png&auto=webp&s=58aea233e4fb4fda883f14575dbeec7a018b43c3 + +WTF!? Why is a hedge fund worth $400B taking out $29k positions in essentially a family business? And the timing is super suspect. + +Is that tinfoil moon hat still tight? + +It takes big positions to destroy companies. We aren’t talking about a pump and dump, turning a buck with a brief short, or fractions of pennies from billions of transactions. We are talking about total and complete destruction of companies. + +&#x200B; + +https://preview.redd.it/risvktbt1g891.jpg?width=1472&format=pjpg&auto=webp&s=9467434edb697ff5b81f03a8aa4c2464b2d996c6 + +Doing this takes multiple big positions in the swapped security(s), the receiving security(s) and leverage. Looking at the peak positions on a quarterly basis, there is a pattern. + +**Of the 24 quarters between Q1 2015 and Q4 2020, only the six quarters with a HEADPHONES position have three or more securities at local peaks. In other words, HEADPHONES and a pair or more of securities are all local peaks prime for a swap. The other 18\* quarters appear to be repositioning quarters.** + +\*2018 Q1 has three securities without a HEADPHONES if you include MEME STOCK $7.5M position. This is a small position therefore I’m taking liberty to ignore it since there is no HEADPHONES position. 2015 Q1 with a HEADPHONES position includes a $5.1M Blackfruit position to be 3 peaks in the quarter. Yes, my theory is a little inconsistent, but that is not evidence against my theory. There aren’t rules for Ken to follow here. + +Here are what I believe are the swaps: + +&#x200B; + +https://preview.redd.it/mf74epfiih891.jpg?width=1596&format=pjpg&auto=webp&s=994b9afa25e17e8afedd832f4d173846303ba9c1 + +Why is HEADPHONES involved? No clue. Why is it such a small position? Im too smooth brained. I do know something is suspect as hell and I think its a remnant, a trace, of something far bigger. + +Theories: Used to “true up” one side of the swap? Quick liquidity - small cap stock with big spread? + +Gut check. Does all this madness make sense in the lens of Citadel? Does this theory, and these numbers, produce insane returns for them? + +* First, building up a big position and selling at the top is always profitable. +* Second, selling all of those swapped GME shares and buying them back for pennies, literally. +* Third, if GME Market Cap drops relative to MEME STOCK MC the Bank must pay to equalize swap. Remember the Bank is also short GME which causes the Bank to owe even more to Citadel. +* Fourth, all the benefits of cellar boxing a company. No taxes, never buying back the shorted securities, etc. + +By the way, if you don’t know what cellar boxing is. Go here: [half way down this link](https://old.reddit.com/r/Superstonk/comments/pmj9yk/i_found_the_entire_naked_shorting_game_plan/) + +Ok, it certainly aligns with their clearly stated company objectives. It explains huge quantities of synthetic shares. But it doesn’t explain the sneeze. Someone or something must have messed up their game. + +Here are positions from 2021: + +&#x200B; + +https://preview.redd.it/wx7stbpz1g891.png?width=1344&format=png&auto=webp&s=682373a630ec45234517ee2b3f0f5026a8d4d487 + +# PART 3: RC has entered the chat + +Part 2 looks at this saga from the view of Citadel, let's look at this from RC’s perspective. Let’s assume RC has done way smarter analysis than me and discovered the swaps outlined in Part 2. How can we test this theory? + +Remember our swap thesis? If GME Market Cap is larger than MEME STOCK MC, Citadel owes money, I will refer to this status as “triggered,” and the other status is “intact.” Lets pull the Market Cap numbers and see what we find: + +MEME STOCK MC - GME MC so positive delta is INTACT swap, negative delta is TRIGGERED swap: + +&#x200B; + +https://preview.redd.it/mhsfwyg82g891.jpg?width=1636&format=pjpg&auto=webp&s=a346da54edbccc7c1e3122f9e496c6347ff5319d + +The three highlighted dates are when the MC of the two companies cross. Around those dates we should find the key impact factors. + +**September 18th, 2020** MEME STOCK: $0.61B vs GME $0.62B First time GME exceeds and stays above MEME STOCK. It’s notable that September 18th, 2020 was Quad Witching (QW) day. What happened to cause the flip? + +How about this 19 days prior: + +[https://www.nasdaq.com/articles/gamestop-stock-surges-after-rc-ventures-acquires-stake-2020-09-01](https://www.nasdaq.com/articles/gamestop-stock-surges-after-rc-ventures-acquires-stake-2020-09-01) + +Did RC kick Ken Griffin (criminal) in the nuts and mess up one of his swaps? Maybe, but must be a coincidence. + +**December 18th 2020**, Quad witching day. Regarding the swap, this is a good day to assume any delta in MC’s should be settled. Lets also assume Citadel failed to settle. + +**January 26th, 2021**: The sneeze starts. Approximately 26 market days since QW and 133 days after the swap triggered. + +\-------------------------------------------------------- + +Now that we have passed June 9th with no news, lets revisit the 69 tweet posted on January 28th, 2022, the anniversary of the day the buy button was removed. He is clearly explaining why that happened: Swaps. + +From the wikipedia article linked: “The participants are thus mutually inverted like the numerals 6 and 9 in the [number 69](https://en.wikipedia.org/wiki/69_(number))" + +# PART 4: RETURN OF THE SWAP + +**May 24th, 2021**: RC knows something is coming: + +[https://twitter.com/ryancohen/status/1397047791889879041](https://twitter.com/ryancohen/status/1397047791889879041) + +**June 2nd, 2021**: MEME STOCK: $30.07B GME $20.49B + +This is a very large change in MC vs the other two times the swap flips. Not just anyone can move markets to that level that quickly. + +What happened: Murdick buy in (second time) and massive sell off of stock + +&#x200B; + +https://preview.redd.it/zmbmukgc2g891.png?width=1790&format=png&auto=webp&s=32e09b24b4bf4d9e50c23cb5b2cd12111115ca71 + +Driven by a distressed company hedge fund and a capital raise which should have diluted share value ends up causing a massive run? Total share count quintupled (400%) since pre pandemic levels. That’s not good for apes locking a float. Its quite the opposite. + +Also note, GME is leading the run up until the news of financing launches MEME STOCK and the swap was reset just in time for June 18th 2021 QW. + +**Finally time for the tombstone tweet.** + +Thinking about this from RC’s perspective: its May 28th. 2021, MEME STOCK stock is moving on hyped news of fresh financing. RC’s big move to blow up Citadel swaps just got obliterated by the wall street powers that be. He is having a very very bad day. Things were trending in the wrong direction for him regarding this swap. So what does he tweet? + +&#x200B; + +https://preview.redd.it/7vsaevdz2g891.png?width=1186&format=png&auto=webp&s=99be3e689b8745abeea9371ceedfb3e078443510 + +**The swap is going be restored! He’s a dead dumb ass!** + +\----------------------------------------------------------------------- + +Taking a step back. At this point we’ve had two sneezes, but each sneeze impacted these securities differently. + +GME, BEDS, and HEADPHONES have peak MC in January 2021 sneeze: + +**GME** + +https://preview.redd.it/kf0qkild2g891.png?width=1448&format=png&auto=webp&s=e865c09752c178e4ea67d8edfe0cc1c806cad6d9 + +**Beds** + +https://preview.redd.it/pxabapoe2g891.png?width=1408&format=png&auto=webp&s=e9a61ecc1ce33e3214cc2793979b7dae5178b3fc + +**HEADPHONES** + +https://preview.redd.it/vackh5ai2g891.png?width=1402&format=png&auto=webp&s=d74c492ed62fee682400693bdccfff882184a364 + +MEME STOCK, Xpress, NOQ look a little different, their peaks occurred in June 2021 sneeze or later: + +MEME STOCK + +**Xpress** + +https://preview.redd.it/6zvngibj2g891.png?width=1406&format=png&auto=webp&s=235404ca92325d25c4a07ce7397e01704d2866fa + +**NOQ** + +https://preview.redd.it/czg0e5jdtg891.png?width=1398&format=png&auto=webp&s=b9d474db6f0e2f29f3aadc3b04b525a20c897e72 + +Blackfruit is unique and equal in both sneezes + +https://preview.redd.it/ikctms5n2g891.png?width=1448&format=png&auto=webp&s=d1ca901eb43172797a206988c9b3bf7d3c5ca924 + +I can’t prove anything, but looking back at our swap groups MEME STOCK, Xpress, NOQ and in one case Beds, appear to be the securities Citadel is giving as the counter security to his target. This theory is further bolstered by the counter security Citadel position is slightly smaller than the target security Citadel position. Blackfruit is used on both sides which I believe explains why it is equal MC in both sneezes. + +**THE SECOND SNEEZE BOOSTED THE COUNTER STOCKS TO SAVE CITADEL!!** + +Summary of the swaps: + +&#x200B; + +https://preview.redd.it/48v3a9po2g891.png?width=1714&format=png&auto=webp&s=9bfb50f7753724fb6b78528b8cbcc5287945c6b3 + +I think my tin foil moon hat is cutting off circulation to my smooth brain. + +# PART 5: RETURN OF THE JEDI + +Fast forward to the final flip… + +**April 4th, 2022**: MEME STOCK $12.03B GME $12.39B Another subtle flip, two weeks after March 18th QW. I wonder what could’ve happened about 2 weeks before: + +[https://www.reuters.com/technology/ryan-cohen-picks-up-100000-gamestop-shares-stock-jumps-2022-03-22/#:\~:text=Register%20now%20for%20FREE%20unlimited%20access%20to%20Reuters.com&text=March%2022%20(Reuters)%20%2D%20Billionaire,16%25%20higher%20in%20extended%20trading](https://www.reuters.com/technology/ryan-cohen-picks-up-100000-gamestop-shares-stock-jumps-2022-03-22/#:~:text=Register%20now%20for%20FREE%20unlimited%20access%20to%20Reuters.com&text=March%2022%20(Reuters)%20%2D%20Billionaire,16%25%20higher%20in%20extended%20trading). + +No f#@& way. RC Kicked Ken Griffin (criminal) in the nuts twice! No way this is a coincidence now. + +**June 17th, 2022** Quad witching day. Regarding the swap, this is a good day to assume any delta in MC’s should be settled. Lets also assume Citadel failed to settle. + +**July 26th 2022**, a Tuesday, is 26 market days since QW. + +**August 1st, 2022**: Approximately 133 days after the swap triggered. + +&#x200B; + +Additional supporting documentation RC is signaling the swap: Is he dancing? + +[https://twitter.com/ryancohen/status/1510818828695052289](https://twitter.com/ryancohen/status/1510818828695052289) + +[https://twitter.com/ryancohen/status/1514297711675256840](https://twitter.com/ryancohen/status/1514297711675256840) + +Swap is intact: November 11th 2021 + +[https://twitter.com/ryancohen/status/1460127511619252230](https://twitter.com/ryancohen/status/1460127511619252230) + +Swap is triggered: May 6th, 2022 + +[https://twitter.com/ryancohen/status/1522669176569188358](https://twitter.com/ryancohen/status/1522669176569188358) + +Multiple apes have pointed out his tone changes around March. + +# Part 6 Conclusion + +I have one goal with this post. To spread this knowledge so another ape can connect the next dot and find concrete evidence of the swaps. The dates used are real and serve as the best indicator for where to dig. All of these companies are being driven out of business by pure greed. + +RC discovered the existence of the swaps against GME and is two for two when buying and causing the swap to sour, and he is signaling good or bad based on the condition of the swap. Further, the only correction of the swap was caused by institutional and insider investors causing a rapid massive swing in delta market cap between the companies. RC's buy in early 2022 is going to cause chaos very soon. + +**This is not financial advice.** + +&#x200B; + +PS: Im zen and not a threat to myself or anyone around me. + +\----------------------------------- + +Edit: u/dash-dashman doesnt have enought karma to post, but pointed out this mind blowing little tidbit: + +# 7 stocks 4 1 swap basket. + +Go give him some Karma. + +EDIT Bonus data: HEADPHONES short interest. December 2020 was spicy! This totally destroys any narrative retail drove the HEADPHONES sneeze. + +https://preview.redd.it/i0ehbtjzlh891.jpg?width=640&format=pjpg&auto=webp&s=b6b64923351d5d27e39215ea164f51c7addd6040 +After seeing the US inflation numbers today is anybody else freaked out about the potential for more aggressive rates hikes in the future? Is anybody else on a variable rate mortgage getting nervous and thinking about locking in now? +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! + +Well, the header is stamped with a court docket number. I googled it, and guess what comes up? + +CFTC vs Archegos Capital… + +case 1:22-cv-03401-JPO + +It seems that the fellas over at the Commodities Futures Trading Commission are busy doing other things besides just kicking the can for disclosures until 2025… + +Kind of ironic that their argument in court includes a failure of Archegos to disclose…to CFTC, or their swap counter parties… + +MAIN COMPLAINT FILING: + +https://storage.courtlistener.com/recap/gov.uscourts.nysd.578896/gov.uscourts.nysd.578896.1.0.pdf + +Edit: I’ve skimmed it, and no specific mentions of GME so far, but some pretty interesting dates like January 29, 2021, and mid-late March 2021 are cited. + +Edit: Found this gem in the comments by u/hkzor. + +https://www.sec.gov/comments/s7-08-22/s70822-20147032-312610.pdf +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 turn 21 soon. At a local community college that does not have dorms. I'll be halfway done with an associates degree after this semester. + +I won't be able to live at my moms house anymore soon, hopefully this happens after semester ends. I definitely can not afford a place with my current part-time job and even with a roommate (which i'm looking into!) I still don't think I would be able to afford much more than rent. And I realize that not being able to afford all basic needs is going to have an impact on school. + +I'm considering dropping out of college and starting an electricians apprenticeship. I will be paid a living wage, full-time job with on the job training. I'm told there's good money in it after a while. I'll actually be able to afford rent, food, bills, gasoline, and a safe place to live for the next couple years while I'm working. I'm going to get a room mate soon any way. + +I'm scared of the student loans I will have to take on if I continue with school. + +I'm thinking maybe I can be farther ahead by the time I finish the apprenticeship vs by the time I finish my bachelors and try to find a job. + +I'm scared and don't know what to do. I know for a fact that if I stay in school full-time I will be in extreme poverty by January and will stay there for the next several years. +$Chaincade Launching on Pancakeswap in T-30 MINS! Bringing back Arcade Gaming to the Blockchain! We are here! 👾🕹 + +ChainCade is turning some heads after selling out a 500 bnb presale in under 10 minutes. The Telegram doubled in size today, and looks like it’s about to double again tomorrow! Now with game development, marketing, and some cross chain collaboration on the forefront of the roadmap, ChainCade is is looking ahead, and putting out a call for ALL Game developers, All experience levels!! They want you, and trust me, you want them! They are proposing a platform that will pay you in ChainCade to Debut Your game on their website!! Your honestly crazy if you think this isn’t pure gold! Get in on launch day Tomorrow!! + +Chart Address + +0x2FFEE7b4DF74F7C6508A4Af4D6D91058dA5420D0 + +Total Supply + +1,000,000,000,000,000 + +1 Quadrillion Initial Supply \[ 1/2 BURNED \] + +10% Tax on Transactions + +4% redistributed to holders + +2% automatic LP + +4% to the gamers wallet + +TOKENOMICS + +4% Redistribution + +Earn passive rewards through static reflection. No staking required, watch your tokens grow as you HODL. The burn address also receives the redistribution, decreasing the total supply over time. + +2% Automatic LP + +Every trade contributes toward automatically generating liquidity, benefiting investors by creating a stable price floor thus decreasing the impact of large sell-offs. + +4% Gamers Wallet + +All projects require funding for further development and growth. Our gamers wallet was designed with this in mind and will fund our gaming rewards, marketing, giveaways, and more. + +[https://chaincade.com/](https://chaincade.com/) + +[https://t.me/ChainCade](https://t.me/ChainCade) + +[https://twitter.com/ChainCadeBSC](https://twitter.com/ChainCadeBSC) +Hi all, am I correct in saying, once interest rates rise won't it just make more financial sense to rent a house in say Sydney & Melbourne rather than buy? Let's put aside the fact for one moment that you may want to own a house and have that sense of security... + +But doing some quick maths I'm shocked at how quickly an 800K Mortgage on a 1 million dollar house can go from $3000 a month to $4000 a month with interest rate rises. Who the heck wants to be paying $1000 a week for a basic house? + +You can find way nicer houses typically for only $500-600 a week rent and not have to pay for insurance, council rates etc. Also if you get kicked out, I'm sure if you have savings you'll be able to find another decent house within 10 minutes of the current house you're renting. + +I know renting sucks, but i'm just imagining all the family holidays I could take and smaller investments I could make if I just didn't worry about blowing all the money on a huge deposit and then getting stuck with a huge mortgage to service. + +I understand maybe in Brisbane, Perth, Adelaide etc. this might not apply but in Sydney and Melbourne I feel like with higher interest rates it's definitely going to be at that tipping point where it's not worth it unless you really want to own the home you live in. +[https://ktla.com/news/local-news/trump-admin-850-billion-economic-stimulus-plan-includes-payouts-to-americans-this-month/](https://ktla.com/news/local-news/trump-admin-850-billion-economic-stimulus-plan-includes-payouts-to-americans-this-month/) + +&#x200B; + +How do y'all think this will affect the market? +This is a throwaway account, don't ever post on Reddit but I desperately need advice + +For Context, I live in NY, in a low-income neighborhood with my mom and my brother (19) and I just found the rent under the door and it checked out to be around 8k+. + +My mom is very secretive and doesn't like talking about money or anything for that matter, she's been collecting unemployment, and so have I and my brothers been working (security job). I brought up the rent to her this morning and she basically broke down and talked about how she made some mistakes with her money in the past and was paying that off first. + +I didn't know my mom was struggling this much I basically assumed we were fine since she was doing some side job and had unemployment kicking in, the rent is normally $900 a month, and if she talked to use prior we could have helped her easily get rid of this. I think we have until the 15th in order to get this resolved, it doesn't seem like my mom has much money, my brother bought an old car so he's been pretty financially unstable. since unemployment kicked in I've saved around 10k+, I want to know whats the best move to make for myself and the wellbeing of my mother. she's also thinking of moving in order to avoid the rent but I'm not sure how that works, please any advice is appreciated, I honestly don't want to give up all my savings but I need some guidance. +"Wen lambo" and "hookers and blow" were stock answers to every post on here, and everyone was making plans for their immediate future. There was a new favorite crypto shilled to the moon daily; the FOMO was palpable. + +We all thought we were geniuses, walking around with our inflated portfolios, hoarding our crypto and hodling... into the ground, apparently. "BTC $100K EOY" was genuinely on the table. Thinking about that now actually makes me laugh. + +One thing I'm sure we all gained is humility. There's a lot less ego around here. Lessons were learned, and I can see those lessons being imparted to the new people entering this space. It's just wild how different it was seven months ago. + +**Biggest lesson for me: pull profits.** I've ridden so many things all the way up, and alllll the way back down again. + +What has changed for you since last year? What lessons have you learned? +I'm looking for stories to give me ideas. I'm not talking thousands like those online scam sites that claim you can earn such and such in a quick time. I'm talking 200-300$ a month, just to cover bills and payments so I have some money for myself. +I'm finally getting into the "real world" where I'll be making some money! I'm trying to figure out the best ways to save and spend. + +Any advice or regrets? +Im a university student studying commerce and I’ve started to realize that there has to be an efficient way I can outwork my peers and work over time on a certain online activity to actively or passively gain income. Thank you guys. +Currently having a debate at work about minimum wage. I'm curious to see what everyone has to say. Is it possible to live on it? Why or why not? +I am currently located in New Jersey where minimum wage is 8.38 an hour, and the average rent on a1 bedroom apartment is $950-1.2k a month. This does not include most utilities. +Now to specify, I'm not talking about living at home, with a roommate, or with family. I'm talking about living on your own. Providing 100% for your self. +my life savings live in my regular bank and I'm pretty sure right now the APY is .25% and I don't pay a fee. I'm also a discover credit card holder and they're offering a deal right now where if you deposit a certain amount of money ($10k, which I have) into a discover savings account, you'll get a reward of $100 within 30 days. the APY with discover is .4% and there's also no fee, so it's probably better to have most of my savings there anyway, but is there any risk involved in moving almost all my money into a different savings account? it's like a free $100 if I do it, plus I could move it all back, couldn't I? +Hello there, + +A friend of ours is offering to loan us a substantial amount of money - above £100k. This would be written up officially as a loan through solicitors. However, they are very wealthy and have said we do not need to pay this back, which is amazing. So really, the money would be a gift. I believe they want to do it this way due to tax reasons. + +We plan to use this to clear our mortgage. +My worry, however, is that they would have recourse to recover this money from us at any point if they decide to as it will be written up as a loan. + +If we take this gift/loan from them, and then as agreed, don’t repay, how do we protect ourselves from them coming after it. We will obviously speak to our solicitor about this in depth, but is there a way to write in a clause about this to the agreement? such as ‘the loaner agrees that after 5years the debt is written off’. Or is this not a safe way to do it. I’m just concerned that there will be no repayments from us to them to show if they bring it up. + +I am leaning towards saying we would rather take the tax hit to have the money as a gift. + +To be clear, I don’t think they would come after the money, but circumstances do change and you never know. + +Edit to add. We already own our home, not looking to move or buy another property and the person is unlikely (and hopefully won’t) die within 7 years. I’m not sure their reasoning for it being a loan actually now I’ve properly read up of gift tax. However, if there was no loan contract, would that be better or worse for us in the eventuality they wanted it back? + +Also to add, we were worried about ringing our lender and paying off the money and saying it was a gift, or a loan. Will they question where the money came from. Perhaps that was the reason behind friend saying it needs to be a loan? (Sorry, my husband has been speaking to friend as it is his connection. My brain is the one wondering about the finer details, it took us an age to get on the property ladder, I don’t want to mess anything up!) +“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.” + +—Jesse L. Livermore (July 26, 1877 – November 28, 1940) + +Still relevant? +&#x200B; + +https://preview.redd.it/zfdj0ax2gr971.png?width=1600&format=png&auto=webp&s=e282525a136a7d36a6f9f4606924b90ce3f98d0c + +Good Morning San Diago, + +I am Rensole and this is your daily news. + +Does anyone smell that? + +\*insert flashy intro card\* + +&#x200B; + +https://preview.redd.it/ie5djvg5gr971.png?width=680&format=png&auto=webp&s=137fd902420ae0c303c480910ee16f1d6319f65c + +&#x200B; + +&#x200B; + +[me irl atm](https://preview.redd.it/9vvet6yggr971.png?width=900&format=png&auto=webp&s=8e49eae16bda56688cf8e726da086946bb4c27cd) + +The reverse Repo's + +&#x200B; + +https://preview.redd.it/t3os97pcgr971.png?width=640&format=png&auto=webp&s=ecb7397afe346ef086b04a67dc8c5fdd4bda02a7 + +# GME Form 4 07-06-2021 + +&#x200B; + +https://preview.redd.it/8zxe1z98hr971.png?width=960&format=png&auto=webp&s=13f9601dea2ff08d937b67fd8c10c0f49bbdb6a6 + +[https://gamestop.gcs-web.com/node/19081/html](https://gamestop.gcs-web.com/node/19081/html) + +Matt Furlong got 72,678 Shares These shares are Vested shares like usual + +These shares represent restricted stock units issued to Mr. Furlong by the Issuer. The restricted shares are scheduled to vest as follows: 5% on the first anniversary of the grant date, 15% on the second anniversary of the grant date, and 20% on each of the dates that are 30, 36, 42 and 48 months following the grant date, subject in each case to his continuous service to the Issuer through the applicable vesting date. + +&#x200B; + +https://preview.redd.it/yrdcesksjr971.png?width=225&format=png&auto=webp&s=d8cef0ee83ccd00247321ad2ec22fc9dc5d2afd5 + +# The GameStop Discord + +Gamestop launched their own Discord yesterday, and I've seen some issues surrounding that, but I just want to reiterate. + +GameStop's Discord is for gamers, not stock investors. + +Please let the discord be about gaming alone, otherwise they'd most likely close their discord and I feel like creating a Gamestop discord is a step in the right direction imo. + +&#x200B; + +https://preview.redd.it/71wekcpjjr971.png?width=708&format=png&auto=webp&s=ff160f897af3c7ac55c2f4c6d911483a54e935cd + +# NFT stuff + +Again some people don't understand what the hell nft's and crypto's do, I am one of those people, for me it's like magic internet money. but there is an entire thread [here](https://www.reddit.com/r/Superstonk/comments/of20ou/a_deep_dive_into_nftgamestopcom/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Gamestop will announce their own crypto and how to get it, don't trust random coins on the web, trust GME to inform us around the 14th or so, don't trust rando coins. + +[Magic beardy man is surprised](https://preview.redd.it/yrqm25ieir971.png?width=1242&format=png&auto=webp&s=d97812fe5100c1e78461b8352c81da3bd335ee13) + +# The Reserve Bank of Australia announced today that it would taper its Quantitative Easing. + +# + +https://preview.redd.it/lbmuqvtjir971.png?width=640&format=png&auto=webp&s=d87598972f9d61971b2bddf44104e75d66b4da49 + +The Reserve Bank of Australia announced today that it would taper its Quantitative Easing (central bank purchases securities from the market in order to increase the money supply), by reducing weekly purchases of government bonds by A$1 billion a week, to A$4 billion a week. + +as u/Dismal-Jellyfish **wrote:** + +The Bank of England [announced in May](https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2021/may-2021) that it would reduce QE, winding down the bond purchases from £4.4 billion a week to £3.4 billion a week. + +The Bank of England denied that it is reducing QE, calling it an “operational decision” that “should not be interpreted as a change in the stance of monetary policy.” + +The reason this does not count, [according to BoE governor Andrew Bailey at the post-meeting press conference](https://www.morningstar.com/news/marketwatch/20210506583/bailey-says-reduction-in-bank-of-england-bond-purchases-isnt-tapering-markets-seem-to-agree), is that the BoE didn’t change its “fixed amounts” of its overall QE target of £895 billion, it’s just buying less per week to get to this target. + +&#x200B; + +Seems like they are bracing for inflation, there may be more banks out there taking action right now but we may have overlooked + +&#x200B; + +https://preview.redd.it/cfo05h32kr971.png?width=500&format=png&auto=webp&s=00e43e962e35dd147c3e5e754431ef94f5c00625 + +# Unlocked Institutional Holdings per 13F/NPORT filings Update: 7/6/21 (Source: [Fintel.io](https://Fintel.io)) + +written by [u/d2blues](https://www.reddit.com/user/d2blues/) in his thread [here](https://www.reddit.com/r/Superstonk/comments/of7smj/unlocked_institutional_holdings_per_13fnport/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +It seems to me that this shows that institutional holders have... 39 million shares. + +this feeds my bias so fucking hard. + +&#x200B; + +https://preview.redd.it/qqohvvj3kr971.png?width=554&format=png&auto=webp&s=70a17e3d896795d27acd2ba9bb183816753e0e74 + +# EXCELLENT! + +Be friendly, help others! + +as always 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, as if everyone is helpful, the ones who aren't stand out. + +remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +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! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +&#x200B; + +https://preview.redd.it/ja4hmhd5kr971.png?width=400&format=png&auto=webp&s=3c990d76396a9d034f2cc02b70cbf637416f70f5 + +remember none of this is financial advice, I'm so retarded I'm not allowed to go to the zoo 'cause they'll put me in the cage with the rest of my ape brothers. + +If anything happens throughout the day we will be adding it here. + +backups: + +[https://twitter.com/rensole](https://twitter.com/rensole) + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/u\_sharkbaitlol](https://twitter.com/u_sharkbaitlol) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +&#x200B; + +Sorry for being a bit later today guys + +&#x200B; + +https://preview.redd.it/tbrfmhhtmr971.png?width=4096&format=png&auto=webp&s=0283c7d9d9eb053117678c6ea14cab1377a6c697 + +Short volume by Annihilationgod. + +Also the Trading beans showing you the options chain for free + +[https://www.youtube.com/channel/UCKrIi5L8o5JFdjR1UlwLidg](https://www.youtube.com/channel/UCKrIi5L8o5JFdjR1UlwLidg) + +Thank you to Turdfurg23! +There are movements happening all over the Market 24 hours... more volume and Volatility than there ever has been. + + I Love **Bollinger Bands**... google it if you want to know more, Im not your Mom! + +There is a massive incoming upward push on **GME** *(yeah yeah you all know ... already)* + +This is confirmation... that last prickling doubt telling you maybe it wont work?.. what happens if? + +Well it will...and it is... and if your reading this your probably knee deep in shit and paddling like a toddler in a ball pool like the rest of us anyway. + +The Only Shorts that got covered, Were Ken's shorts ..when the first squeeze happened. + +Those stains are never washing out! + +Using the Bollinger Daily chart mapping, you see the RED High average, YELLOW is median and green is low average. + +Most stock follows close to yellow tips up to red and bubbles *(lines are separated and loose like a balloon)* and then falls, when it hits green it either falls to Oblivion or bounces upwards like fat kid riding a space hopper on a trampoline. + +&#x200B; + +https://preview.redd.it/mga2n69drny61.jpg?width=1033&format=pjpg&auto=webp&s=8a5c475f55a5cb2f14d16aa21fdb4f6d582cd0b3 + +**GME** Long game you see the corridor on the left post January breaking out of this choke point riding the red and dropping, typical squeeze pattern.. + +The bands tighten in March and again rides the red and falls another squeeze. Then the new corridor forms just like post January getting tighter as days go on. What happens here is it rides the yellow and tips the red over and over until something changes. + +&#x200B; + +https://preview.redd.it/wb92zhxfrny61.jpg?width=1079&format=pjpg&auto=webp&s=f9494a209b7b0269f027fc390d8c1e8708a8f3df + +And it has! its now hitting the green band, This means two things, the stock is dead or the stock is about to take a huge upshot, and this stock is not DEAD! ... + + you can look back and Chart this yourself on any stock and **GME AMC** etc to see the Highs and Falls. + +&#x200B; + +https://preview.redd.it/eurj054lrny61.jpg?width=1066&format=pjpg&auto=webp&s=9552a5f6cf5b176f69b2cca860767cf1320df4e0 + +Here is **ADA** recent Jump hitting the green after a long battle of RED and Yellow and SHAZAAM its heading up. + +&#x200B; + +https://preview.redd.it/imnok4inrny61.jpg?width=1080&format=pjpg&auto=webp&s=ba6487a73201fb99bdb2c71506a1f8630001ede3 + +**NRGU** Recent, Stalemate locked into red and yellow foreplay until some one tickles the green and WOOSH. it happened just previous to this too but my cropping skills are as + +&#x200B; + +https://preview.redd.it/vwc87a2qrny61.jpg?width=1080&format=pjpg&auto=webp&s=8ad219ec2a7be8ddfc6a6beee05d7ec262e0cb0e + +AMC are heading the same way as GME, but it seems they are slightly out of sync almost like an echo... maybe a possibility to **MOAS GME** and then **MOAS AMC** after.. maybe would need better timing data, But this is it. + + I don't think this will happen again on this scale, not in our lifetimes especially not mine I'm old, my Eldest son is writing this post as I rant and rave from my **Comfy** chair sipping Whiskey. + +Helmets on, Keep Your eye on the sky and See you on the **Darkside!** + +\*\*EDIT\*\* + + Reposted and Reformatted due to the fact I'm old and still think the Internet has a dial tone + +Charts above are mapped on Etoro because **BullTRade** and **HL** Charts are hard to show you...too much dead info Criss Crossing and scribbles around it looks like the inside of a serial killers Cell. + +**Helmets on, Keep Your eye on the sky and See you on the Darkside!** +I’m one year away from graduating high school. I’m not sure what I want to do for work but all I know is I don’t want to slave away the rest of my life at a job until I’m too old to enjoy my retirement. What are some things that set you back from reaching your goals of financial independence that I should avoid? +Software engineers and project managers in the tech industry know what's coming - and it's revolutionary. + +The move to web3.0 isn't prophetic. It's not *just* likely. It's not a strategy with a million planned, structured steps. + +Web3 & verifiable asset transactions on public ledgers *is the undeniable future*. + +50+ y/o software engineers, trained in a profession which internalizes deep, structural and institutional change **with 20+ y/o professional software engineers who're (contractions lol) reminded they have a responsibility to affect deep institutional change as responsible members of society** know that web3 is coming and GME are the ***FIRST ADOPTERS*** of revolutionary tech with the potential to change the face of not just general asset swapping, but *the global financial industry as a whole*. + +And guess what? *They're all fucking loaded* + +Cross-generational and principled investors are holding the float.... + +WE FUCKING WON. HODL. + +NOT FINANCIAL ADVICE. OBVIOUSLY. +# A Brief Look at Harnessing the Power of the Crowd to Drive Investment Decisions + +*Disclaimer: None of this constitutes financial advice. I have no formal training or education in anything related to finance, accounting, investments, etc. Everything in this post is purely for entertainment.* + +This post is going to be a bit longer than your average Reddit post. I have tried to make it interesting to read, or at the very least entertaining, and I would encourage you to read all of it. But if you just want to skip my pontifications and head straight to the pretty graphs, see the *Results* section. + +Estimated read time: 15 minutes. + +## Introduction + +Some of you may have already seen my u/asx__bot. Also for those that missed it, [here is what I have planned to do next with it](https://i.imgur.com/sAAaTKl.png) (this image was entirely auto-generated). The u/asx__bot version evolved from several different things before it came to be in its current form. Although before we go any further, this write-up **will not** discuss the current ASX Bot. But instead, my experiences in a *previous iteration* where I tried to use sentiment analysis to build an investment portfolio. I will refer to this version as Bot 1.0 or otherwise just *the bot*. + +I will repeat this once again. This write-up **will not** focus on the existing u/asx__bot but instead a *previous iteration* I was working on. + +Initially, I decided to embark on this journey because I was inspired by [this post here](https://reddit.com/r/wallstreetbets/comments/kuwg1e/i_have_a_discount_trading_bot_which_gives_out/). Despite the applications being completely different, I was intrigued by the idea of using programming to augment investment decision making. Secondly, I was also somewhat inspired by [this u/BigJimBeef post](https://www.reddit.com/r/ASX_Bets/comments/kuzvjs/newb_traps/) about doing proper due diligence and not just listening to what is most popular or what has 🚀🚀🚀 next to it. I was curious to find out what would happen if you just listened to the crowd hype. Lastly, I needed a real-world problem to practice several things I wanted to learn. + +If you are getting deja vu reading any of this, it is because I already posted some results from Bot 1.0 in a thread a few weeks ago that got like 20 upvotes. But it did not include a full write-up, it was kinda shit, and I deleted it. + +## Method + +Let me preface this section by saying that [Bot 1.0 was very stupid](https://i.imgur.com/Eb7EoVw.png). But I am yet to scratch the surface of what may be possible with it. This was an early prototype, and it was more about seeing if what I wanted to do was technically feasible. The term *bot* is also quite disingenuous and gives it an air of sophistication that does not exist. In reality, the code looked like the Python version of [this](https://i.imgur.com/LGNc50d.jpg) or [this](https://i.imgur.com/ysrfr5M.jpeg). But it operated like a fucking Rube Goldberg machine. I overwrote a lot of the code half by choice and half mistakenly. I should have done a better job with my version control, but I really had no plan coming back to this project, so I was being a bit careless. But since a few people were tagging me and wanting to get various tidbits of information I have picked it up again. I have learnt that people really ❤️ data. Which would explain why those Spotify yearly wrap-ups are so popular or why someone who can wrangle data to create reports for executives and such will have a long and successful career. + +Bot 1.0 begins by analysing sentiment for all comments over a given period. It uses a very robust library called VADER (Valence Aware Dictionary and sEntiment Reasoner). This library determines how positive or negative a sentence is. From this data, the bot ranks which stocks more frequently appear in positive sentences and then creates a portfolio based around these. At the end of the given period, the bot then readjusts based on the data it has monitored over the previous period. That is it. As you can see, it is very primitive. + +I loaded it up with a modest sum of $100 million, I also set it up to take the top 20 shares of the given period. The period, in this case, was every calendar month. + +## Results + +Here are the results in visualisations: + +- [Portfolio value over time](https://i.imgur.com/tX2npgW.png) + +- [Portfolio composition over time](https://imgur.com/a/IEWJbRo) + +You can see when shares get dropped in favour of the latest and greatest. You may even notice top performers getting dropped just because the bot did not consider them to be hyped up enough anymore. So with a starting sum of $100 million, the bot managed to double its money. Take that VDHG and VAS! + +## Discussion + +I was honestly quite surprised. In this case, the crowd was not as stupid as you might believe. Initially, a part of me was expecting (and hoping) the bot would lose 50% to 100%, so I could conclude that listening to investment advice from this subreddit and other online forums (I am looking at you too HotCopper) is ill-fated. And it is in your best interest to just log out, leave it to the pros, and cop that S&P 500 ETF. But no matter how many times I tweaked settings and re-ran it, I never saw the bot finish any lower than a few percentage points and most of the time it was in the green. + +It reminds me of something a maths teacher told me, and that was that an individual is usually quite bad at estimating. But if you take the average of several estimates, you may be surprised with how accurate it is. An example of this is the classic competition where one must guess how many lollies there are in a jar. A strategy to win these competitions is to take an average of everyone's guesses. This assumes that most of those guesses are people trying to win. The same is true for this subreddit, this bot only works on the assumption that most people here are *trying* to make money, even if their portfolio says otherwise. I think that is a fair assumption though and when there is money on the line, people behave differently. The person who hypes XYZ in a thread every day (I may or may not be talking about u/SlaughterRain) would most likely only be bothered to do so because they rationally (or irrationally) believe their shares in XYZ will make them money. Even if XYZ is going nowhere anytime soon. To further tie this back to my original point, much like the lolly jar competitions, if you ask an individual to pick the top stock that they think will moon, it will probably be a dud. But if you could aggregate everyone's picks, the likelihood of making money goes up significantly. + +For Bot 1.0, the sentiment analysis seems to work best over four weeks. I tried periods of one to eight weeks. A period of one week was way too volatile, as the bot could not gauge sentiment nearly as well and it would be all over the place. Whereas eight weeks seemed too slow and it was way too late to the party. I will talk more about this in *Limitations*. + +Every time I did run it though, there have been some big gains but hardly many big losses. The biggest losses I have seen over any given interval were usually like 15% to 20%. The biggest gain I saw was a flukey triple bagger over a couple weeks or a month (APT related I think). + +## Limitations + +### Failing to Understand Nuance + +I did not get time to do as much inspection of comment data as I would like. But I did see the bot producing a considerable amount of false positives and false negatives. A notable one was a sentence like “fuck yeah cunts! XYZ is going to the moon!”, which was associated with negative sentiment. Due to the words “fuck” and “cunt”. As Australians, I feel like either of those words can be positive depending on the context. For example, "fuck yeah cunt" compared to "fuck you cunt.” A free and open-source sentiment analysis library (like VADER) will expectedly fail in some instances at understanding comments made on an Australian investment forum focused on memey micro-cap stocks. There is also the issue of someone saying something like “fuck my life, I should have bought more XYZ.” This will be considered a negative sentence due to the tone. But is this really the case? The user is saying that most likely because the stock is performing well and they regret not getting more when it was cheaper. Because of this, it may be best to categorise comments from here myself. Then train a model on this data to predict the sentiment. Compared to just using a publically available library. + +### [Collective Stupidity](https://i.imgur.com/1N1jYYx.jpg) + +Sometimes the crowd is not always right. When people stop thinking for themselves, the house of cards falls down. If everyone here blindly believes XYZ is next to rocket because *HypeBeast69420* said so, then the bot will crumble in on itself. But with Reddit and the Internet usually being a place of anonymousness and openness, it provides the perfect environment for people to speak their minds. Of which those same people may be less likely to do so in real life. Such as at a work meeting or during dinner with the extended family. On the Internet, for every *HypeBeast69420*, there is at least someone dying to prove them wrong. + +### Chasing Rainbows and Being Late to the Party + +There was no guarantee Bot 1.0 would not liquidate its entire portfolio at a 50% loss to chase the latest and greatest hype. Then slowly lose more and more money as the rockets fall down to Earth. Repeating the process until it has $10 spare and can only trade pennies stocks. The rainbow chasing and volatility became a lot more pronounced when I used either a smaller fund size (three to five stocks) or made more frequent trades, i.e. making decisions off less data. But regardless, since the bot was always basing investment decisions off the previous weeks or months, it was guaranteed to be a little bit late. So at the moment, I have two ideas to combat this. + +The first idea is to have the bot leverage the crowd data *as well as* market data. So the bot might get a list of stocks that are generating interest, it then takes these stocks and uses market metrics to determine if it should buy or sell. For example, the penny miner that has shot up 50% in a week might not be a smart play. Although, when it comes to valuing a stock and deciding when to buy or not, there are many different schools of thought. Such as the Buffet-esque value investor who sifts through financials and actually does proper DD. The brah who makes sure his chakras are aligned before he bases his decision on what his tea leaf reading says. Or the chartist who creates their own take on some sort of [modernist art](https://i.imgur.com/oRcIchA.png) and manages to rival the likes of a Basquiat or a Picasso. So deciding how to value stocks and what metrics to consider would require further thought. Which is not where my expertise lies. + +Now, the second idea is in contrast with the previous paragraph. The bot would *purely* be using the data generated by this sub to form its decisions. All the bot is doing is understanding what it is being told and then buying/selling accordingly. Which means efforts would need to be heavily concentrated in making sure sentiment is analysed correctly. More accurate sentiment analysis and greater comment volume will allow the bot to make decisions more accurately and more frequently. Trades could occur weekly, bi-weekly, or daily as opposed to monthly. The low volume of daily and weekly comment data during periods of 2020 was also an entire limitation in itself. But with the sharp increase in total comments being made, it seems my prayers are being answered. + +### Unrealistic and Simplified Trading + +The buying/selling functionality was not very realistic. Much like a politician's Cayman Islands shell company, this bot was not paying any taxes. Furthermore, it was not paying any sort of brokerage fees. As mentioned above, the bot just liquidates its entire portfolio and then tries to rebalance its portfolio on the same day. Obviously, this is not very realistic. It is not looking at market depth or volume either. It just takes the open price of any given day and buys and sells at that price. + +The bot was just buying and selling shares of ASX listed companies. It was not involved in anything like short-selling, derivatives, or using leverage. Nor was it trading instruments like bonds, foreign currencies, cryptocurrencies, or ETFs. These may or may not be limitations depending on how you look at it. + +Furthermore, stuff like stock splits/consolidations and long-term trading halts (fucking DOU) really screwed with the bot. I have not implemented a way to handle stock splits or consolidations. So I just ignored companies that have had these during the 2020 period. There are probably a few more gotchas I have not considered either. + +### The Rollercoaster Year of 2020 + +Nine months of comment data is not that much in terms of financial markets. I would honestly love to have 10 to 20 years worth of data. Or even data leading up to the covid dip of last year. But this year was such a fluke in many respects too. Some shares lost about 30% of their value over a few weeks. But returned to where they were by the end of the year like nothing happened. On the other hand, others are still yet to recover from 2008, let alone 2020. + +### Determining Ticker Codes + +I saw WOW coming up a lot at the start of the year. Which kind of made sense. Because during peak covid, supermarkets never had any specials but were selling like crazy and could [barely keep up with demand](https://i.imgur.com/qTa6T2a.png). After looking into it a bit further, although there were a few mentions of Woolworths Limited, mainly it was just a lot of comments with people exclaiming “WOW”, a la Owen Wilson. In addition to this, when the sentiment analyser sees WOW, it sees this as the word *wow*. Which it considers very positive. So if someone is actually just referring to Woolworths Limited, it will skew the data positively regardless of the actual sentiment behind the comment. So I think I just ended up filtering out WOW. This was similar for acronyms like ATH (all-time high), UBI (universal basic income), and TGA (therapeutic goods administration). All of those three-letter acronyms are ticker codes used by ASX listed companies too. If you view the portfolio breakdown, you may even notice some acronyms I have missed. + +### [I Have No Idea What I Am Doing](https://i.imgur.com/paTZku1.jpg) + +I started this to practice a bit of Python and AWS. I am a bit of an all-rounder but machine learning and the science behind all of it is far from my area of expertise. If it helps, my knowledge is more so [situated in the red circle here](https://i.imgur.com/xDiIVwI.png). But I spent more time reading about the other parts of the pyramid, then what I had set out to learn in the beginning. This was fun, but it could get quite tedious at times. And it exposed where my skills are lacking. I am also even further away from my area of expertise when it comes to investments and finance. Truth be told, I am a basic bitch retail investor. I make my investment decisions based on macro themes, ensuring a company and its directors are not complete shams, then I hold my rosary beads during each trade. Truth be told, I have put together 10-leg NRL multis with better DD than some of my investments in days gone past. + +### Slow Runtimes + +The library that I was using to retrieve data from Yahoo Finance was incredibly slow, which I ended up having to cache a lot of this information. But retrieving comment history was even slower. To download all 200k comments (this number is probably 250k now) from this sub, it took about two hours. I also cached these comments too. But it put a bottleneck on my development because small changes in my code could render cached data useless. This slow speed was one of the reasons I had thrown in the towel. During Bot 1.0, I spent time looking at ways to speed it up. But I couldn't crack it. + +## Conclusion + +I am at a crossroads with the development of this project. The current u/asx__bot is a simple extract/transform/load process with some sprinkles on top. But there seems to be a demand for some of the features that were present in Bot 1.0, such as sentiment analysis and market data. If this is the case, I will need to really nail down what I need, because some foundational design decisions will have to be made before going forward. + +[I am becoming more convinced that the crowd can generate quite useful information](https://i.imgur.com/wDN8Pc7.jpg). The Internet is Gutenberg 2.0. And like the Printing Revolution, less and less knowledge is being hoarded and controlled by the 0.1%. Instead, it is being disseminated amongst the masses. The real challenge for anyone, particularly myself, will be figuring out how to harness this increasingly decentralised knowledge. +I'll start, my financial tip is to have a credit card at all times. It helps with: + +* maximising offset account +* earn qff points - credit card churn to maximise this +* various rewards and complimentary travel insurance + +I'd like to mention that I see myself as financially responsible and spend within my means. This is why I understand a credit card isn't for everyone but would like to highlight the benefits +Some of my great first trades from 2018 when the market was pretty much almost at ATH. Like a true dumbfuck, that's where we all start right? + +Here I am assuming I was a "invest and forget" type of person and only just checked my portfolio after 3 years. Realistically, having a portfolio for 15+ companies and just passively letting them cook in the oven is a recipe for disaster hoping for another CSL story but here they are, just for fun. Let's also assume an equal rating on each company. + +WHAT REALLY pisses me off is that a majority of these companies aren't even the penny stocks we love to trade these days. They were meant to be more trustworthy and reliable. The ones that paid dividends doesn't even make up for the massive capital loss that occured. + +&#x200B; + +* A2M: $12.19 -> Current price $9.31 **-> 23.63% loss** +* TLS: $3.51 -> Current price $3.10 **-> 11.68% loss** +* API: $1.51 -> Current price $1.12 **-> 25.83% loss** +* AYS: $0.88 -> Current price $0.78 **-> 11.36% loss** +* This one is a real doozy MYX: $0.88 -> Current price $0.28 **-> 68.18% loss** +* Even worse S66: $1.235 -> Current price $0.28 COICIDENCE BOTH ARE 0.28? I THINK NOT! **-> 77.33% loss** +* PGC: $0.85 -> Current price $0.24 **-> 71.76% loss** +* NTC: $1.30 -> Not even listed anymore. (last traded at $1.095) +* CGC: $8.70 -> Current price $4.55 **-> 47.7% loss** +* BAL: $17.20 -> Not even listed anymore. (last traded at $13.235) +* CAN: $3.45 -> Current price $0.62 **-> 82.03% loss** +* PLS: $1.0175 -> Current price $0.98 **-> 3.69% loss** (I would like to think I got out of this one as soon as I broke even) +* PPS: $1.0175 -> Current price $0.69 **-> 32.19% loss** +* LVT: $0.665 -> Current price $0.24 **-> 76.41% loss** + +Now to offset some of these god awful "investments" we do have some winners: + +&#x200B; + +* APT: $9.87 -> Current price: $115.40 (10 baggerrrr) **-> 1069.2% gainz** +* APX: $11.74 -> Current price $15.80 (Would be spewing if I saw that it had gone up to $40 at some stage) **-> 34.58% gainz** +* KGN: $7.95 -> Current price $13.72 (A BAGGER ALMOST) **-> 72.58% gainz** +* WTC: $16.70 -> Current price $26.94 **-> 61.32% gainz** +* NEA: $1.46 -> Current price $2.13 **-> 45.89% gainz** +* NAN: $3.29 -> Current price $5.81 **-> 76.6% gainz** +* LOV: $10.98 -> Current price $14.10 **-> 28.42% gainz** + +What did I learn here? Absolutely nothing, except that FOMO is bad and when I look back at my trades a few years from now I'd sure as hell be laughing as well. (e.g. I BOUGHT LKE AT 20 CENTS? WTF WAS I THINKING?) + +In conclusion, if you didn't buy it when the price is low, to sell to someone else at a higher price, then you fucked. Kinda like a pyramid scheme. :< + +EDIT: Did more maths. Assuming I put $10k into each of these 23 companies for a total of $230K investment, I would come out today with $298066 (29.59%) profit. ROFL. All mainly because of Afterpay. Really shows what compound returns can do for you even if you picked 20/25 wrong. + +Conclusion number 2: Just pick a 10 bagger and you'll be right. +- Why are borrow rates going up? + +- Why are brokerages -except fidelity- making it so hard to DRS? + +- Why does Dr T think it's a good idea? + +- Why does GameStop release drs figures during earnings? + +- Why arent companies allowed to encourage their shareholders to DRS? + +- Why are we seeing increasing volatility despite lower and lower volume? + +- Cuz hedgies are fuk and your "not anti" but still anti-drs opinions need a lot more evidence to hold water than "dEcLiNinG sUb eNgaGeMeNT" + +Edit: Wow! This blew up. Thank you everyone for the kind words and awards! Thank you shills for the poorly reasoned FUD. + +Keep doing what you're doing everyone! I'm so proud of you guys. You've restored a lot of the faith I lost in humanity. +https://www.cnbc.com/2020/05/25/coronavirus-family-doctors-face-pay-cuts-furloughs-and-supply-shortages.html + +In 2016, primary-care physicians fielded 54% of all patient visits to doctors' offices. + +Primary care receives less than 7% of total U.S. health-care expenditures. + +The coronavirus pandemic is now threatening to push already tight budgets into the red. +I am considering switching from my current high street bank HSBC. + +I am tired of their customer service. Most recently the fact that they kept stringing me on the phone for an entire day as I needed to get a statement generated for my current account. + +So, no I am on the lookout for a new bank. Something with a nice app, that allows me to generate statements easily without having to be on the call with them entire day. + +I already have a challenger bank account with Starling and Chase. However would like to maintain a high street bank account too + +Edit: The issue with HSBC is that they are rigid on the statement generation date. My statement generation date is 2nd of the month. This meant I would have to wait till November 2 for my transactions done in the month of October. With Starling, I [can generate a statement](https://i.imgur.com/hE2z5dI.jpg) for whichever date range I want. That’s what I am missing. +I have 2 GME $50 call options with 7/16 exp. I paid $15.60 and they are now $152.75. +So in total I paid $3120 and now they are worth $30,550. +There is a lot of speculation that GME will go crazy high (like $1000+). Of course that very well may not happen, however if it did get up to say $1000, would it be better to exercise the contracts because they would be so far in the money at that point? Or would it be better to just hold the contracts and try to sell them? Thank you + +*Edit: I have more 15 more contracts that are making me bank, planning on selling half probably today : [GME options ](https://imgur.com/gallery/rSGtI0s) +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. + +*** + +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 haven’t seen a media campaign this blatant before. They’re trying to convince boomers (who have a bizarre affinity with silver, it overlaps with bizarre conspiracy theories about who controls the market) that “the infamous, mysterious vigilante investor, Reddit” will be pumping cash into silver and anyone who buys in now will win big. + +It’s straight up lies. + +Anyone who participates on discussions here knows it’s a lie. No one is advocating for silver except morons and shills. Silver is and always has been a volatile commodity, which is heavily leveraged by bigger firms to move their money around the market. Invest at your own risk. + +If you are finding yourself confused about all the mixed messaging, just stick to the basics: + +Only invest what you’re willing to lose + +Don’t invest with borrowed money + +Buy low, sell high + +Invest in what you know + +And finally... YOU DONT NEED TO THROW YOUR MONEY AT ANYTHING. It’s not going to burn a hole in your pocket. If you’re questioning if something is a good opportunity, you can probably afford to wait for a better one. + +Edit: WHO THE FUCK GAVE ME SILVER YOU FUCKING MONSTER +Hi everyone, first time poster on this sub from a long time lurker. Posting on a new account that I’ll be using from now on only for financial subs. + +.5M net worth not including real estate, but I have a 7 figure yearly income and plan on saving about 600k / year from here on out. I started at just over 100k four years ago as a software engineer at a prestigious non-FAANG company, and have managed to claw it up to 7 figures by getting promoted quickly twice at the first company, and now twice at a FAANG company; putting me at a 7 figure L7 income. + +Anyways, I was talking to a distinguished PE who was annoyed at a project getting cut and was thinking of quitting. I mentioned to him that I have golden handcuffs and can’t leave, and he laughed and said that I had no idea what golden handcuffs really means, and that I was getting paid a fair income for my level. + +I have a bit over 1M in unvested stock that will vest over the next 2.5 years, and expect a nice fat refresher grant of about 500k in Q1 2022 (my upcoming promotion won’t be official until next year). Is he right that this isn’t really golden handcuffs? I realize that anyone could win a lottery ticket at a very early stage startup, but these feel like golden handcuffs to me relative to the norm. + +Edit: The post previously said I was getting promoted to principal engineer, but I updated it to L7 to avoid ambiguity and misrepresentation. +I woke up this morning and checked the price, saw we were above $200 and thought "great". But I quickly realized that I don't get as excited as I used to on a +$20 day/movement. Everyone holding gme for the year has seen this like 8 times now, and it still means nothing. Of course it's nice to see but this is nothing. I've read all the DD, and it pretty much proves that this is nothing. I'm not getting excited till we start flipping circuit breakers. +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. +I am definitely not well learned on economy, so feel free to correct any misconceptions on my question! + +I remember reading a while ago in Adam Smith's "The Wealth of Nations" that, much like labour and labour price is dictated by supply and demand for that labour, a similar dynamic should apply to capital returns - namely that increased availability of capital or lower demand for capital would lower the price (and thus returns) of capital. Of course, I might have misunderstood Adam Smith's point, and economy has also come a long way since then. + +My question is: assuming that broader access to capital markets (due to globalization and reduced friction for both companies and individuals) and cash reserves (of companies and individuals) facilitate and/or enlarge the supply of capital, would it be expected that over time, real returns on financial instruments such as stocks and bonds would decrease over time? Why or why not? +I've got a GIA with freetrade where I play with higher risk stocks and shares ( already maxxed my 20K ISA on global all cap on vanguard) +This recent bear run has been brutal on my mid cap growth expected shares , that most have dropped since I started ( November) to about 10-20% level. I like the Scottish Mortgage investment team , and think the current stock price is a discount - so should I cut my loses and change over to the SMT for a bit more of an actively managed high risk portfolio? +Early 40s retired and amid a divorce, two kids. Stressful, marriage gone to mud. + +Total net worth $10M. Proposed settlement: + +Kids to get $1.5M ring-fenced in trust, for school fees plus some living expenses. + +Split rest 50/50 + +$4.25M to live off the rest of my life. Free healthcare and $25K pension (in today's money) from 65. No house. All in cash and stocks. + +Only expenses rent, food and travel. + +What is a safe withdrawal rate? How should I structure portfolio? + +Also considering, 500K bluewater sailboat/cruiser and 30K pa expenses, might be cheaper than renting. +Do you think too many people are holding cash thinking they will pounce on the next big dip hoping it’ll be like 2020? + +As such, there won’t be a big dip, because as soon as a value stock dips, it’s being mitigated by cash holders propping it back up? + +2020 was unique, and the regret of missing out is driving people to be overly prepared in 2021. People are thinking they’re clever, but when too many are thinking/hoping for the same thing, are you really being clever? +I know they missed earnings, but subscription growth was through the roof, trading at very low p/e with solid yield. Spent probably too much on content and growing out the platform but that will lead to sustained subscribers. They are priced as a legacy TV company rather than a company with growth potential, have competitive content, and an obvious acquisition target. + +Also, iCarly season 2 is being filmed so don't understand how you can possibly be bearish +Probably a good exercise to prepare for a potential long downturn! + +Let me start: + +1. "Long-term" investor, but checking stock prices every day. +2. Checking analyst targets/stock price before making a valuation. With Strong Buys and price growth (obviously) causing positive biases. +3. Comparing my portfolio with some random benchmark and other managers, who have different portfolio size, incentives, investment horizons, and goals. +4. Invest in SPAC / IPOs on hypes. +I was not expecting anything outside of what I got from the interview. I myself, like 100,000+ retail investors have every cent I can spare on a possible turnaround of GameStop. Glad to see out of all possible media outlets, magazines, etc, you chose GMEDD.com to share some laughs, some insight, and honestly time. This means the world to many, that I know. Keep doing what you are doing. + +I won’t speak for Superstonk, but my gut tells me you have the backing, and full support of individual investors all across the globe that believe in you, and your vision. I can not wait to see what is next for GameStop. +I reached couple of fee ONLY advisors for an initial meeting. + +Based on my discussion i noticed that they have a defined sort of a template. They have a goal based excel which essentially tells you how much money is needed to accomplish each goal. They mostly advise to invest in index funds and not actively managed funds. They also do not advise on stocks. + +In my opinion, the role of financial advisors should be to grow one’s money and actively advise investors to invest in Stocks/ mutual funds etc. + +As someone who works full time like many others i wanted someone who can read things, analyse markets for which i do not have time and advise me but the services offered by them are not worth the money i feel. +Happy long weekend r/AusFinance + +Has anyone had the experience of tenants still being in a property from the previous owner and they have yet to move out? +What was the out come? + +I've bought, the deposit has been sent, I have the receipt, my solicitor is proceeding like normal. I was told early on about the difficulty during lockdown finding a place for the tenants to move to. +We haven't heard back from the real estate this week after enquiring how the search is going. +I guess I have no choice but to book removalists, change energy addresses etc. + +Or do I have other options? +So I've been playing with options for a few months and quickly realizing theta gang is the way to go. I feel like I understand the basics but struggling with where to start. Ive been trying to find a stock sub 20 with an rsi over 70 or below 20 with good volume and iv but I'm coming up short. Is it worth wheeling into something like AAL or maybe even using my tasty works margin and going up to 40 with something like CRSR? Any help would be greatly appreciated, thanks! +It seems there’s a lot of success stories when it comes to property + +I’m wondering if there’s anyone on here who has a negative experience with property investment (expensive repairs, concrete cancer, defaults during high interest rates etc.) +A drop from $250 to $160 doesn't even phase me anymore. In the slightest. The past weeks I've become more resistant than at any time before. +We've seen the earnings hype before, but now with DRS any fears I had are completely gone. Brokers, banks, the DTC, they can all go bankrupt. Shares being directly registered in your name means any middleman has been cut out. +Meanwhile the market continues to keep up the illusion of pumped up prices and extreme levels of inflation. +Evergrande, Citadel restricting withdrawals, random crypto crashes, omicron volatility (based on extremely little data). +Any moment the egg shell can crack and the completely hollow, rotten out substance of the market is revealed to the world. + +The DD is as solid as it ever was and all FUD has been debunked countless of times. +I'll continue ticker watching, but I am unshaped as ever, steady as a rock, steady as a big fat ape. 🦍 +Either we squeeze, or we squeeze after GameStop has turned into a tech company under RC's command - with a skyrocketing in the price as the FOMO crowd finally sees the added value. + +MOASS is inevitable. Thanks to DRS apes can hold care free for years. + Shares of Bed Bath & Beyond jumped nearly 60% on Monday as meme traders seemed to be betting on the stock despite any apparent catalyst for the move. + +The heavily shorted stock, which has tumbled more than 44% this year, was the most searched name on the WallStreetBets discussion board on Monday according to Quiver Quantitative, where users under a pinned thread titled “AMC and BBBY Memestock Megathread for Monday August 8th, 2022” appeared to be buying up shares of the retail stock. + +One user said they “took out a 27k loan, went all in on BBY,” which a group moderator seemed to confirm. Another user (TheDude0007) alleged to have capitalized on the BBBY spike, turning $45,000 into almost $450,000 using common stock and call options. + +Bed Bath & Beyond has been a part of the meme stock craze that has hit Wall Street in recent years and driven names like GameStop and AMC Entertainment higher as investors bought up shares and forced short sellers to attempt to cover their losses, creating what’s known as a “short squeeze.” According to data from FactSet, a whopping 46% of the stock’s float is sold short. + +As many retailers cope with inflation-wary consumers and excess inventory, Bed Bath & Beyond has struggled to reverse declining sales, fix its merchandising strategy and gain back customers who have fled to its competitors — all while searching for a new leader after the board announced in late June that its CEO Mark Tritton had left the company. + +At the same time, the Union, N.J.-based home goods retailer has also been burning through cash as its net losses grow. While the company has not provided a forecast, it said it expects same-store sales trends to improve after plummeting 24% year-over-year in the quarter ended May 28. + +Source: [https://www.cnbc.com/2022/08/08/bed-bath-beyond-shares-jump-30percent-as-message-board-mentions-soar.html](https://www.cnbc.com/2022/08/08/bed-bath-beyond-shares-jump-30percent-as-message-board-mentions-soar.html) + +Bed Bath & Beyond (BBBY), one of the most heavily shorted stocks on the NASDAQ, is currently up 37%. Reddit apes continue to mobilize a coordinated short squeeze in Bed Bath & Beyond (BBBY). Are you in? +I have approximately 30k invested in the market right now. I also have a bank account with 30k in it. + +I'm considering moving 10k to my dividend positions and keeping the last 20k in the bank as a safety net. If you were in my position would you DCA or just bulk buy? +I don't plan on selling anything I buy for many many years. + +I'll probably spread the 10k across O, MAIN, MMM, WPC, STAG, and QYLD...all positions I currently own some stake in. +If you had $10,000 what dividend paying stocks would you guys recommend? Not saying that I do but what would you do differently if you had start over? Not looking for exact amounts but my research thus far found that wise investing and diversification can really help your dividend payouts! + +Any suggestions welcomed! +Original post: [https://www.reddit.com/r/fatFIRE/comments/ucvfkw/the\_quitting\_dilemma/](https://www.reddit.com/r/fatFIRE/comments/ucvfkw/the_quitting_dilemma/) + +Thanks everyone for the comments and perspective. + +I decided I was having more bad days than good and I gave notice. My VP was thorough in collecting my feedback as to why, and asked what it would take to retain me. I said I'd like to scale my work back and have a part time job, he suggested I take a vacation and they'd see what they can do when I came back. + +Upon coming back my VP also quit, but he got the ball rolling for the creation of a part time role for me. Unfortunately our stock also crashed so my income dropped from around $1MM to more like $660k, so once again I started the discussion about just leaving. + +I just now got a stock top-up so income is back to $880k. HR is bureaucratic and struggling to figure out how to create a part time role, so my new manager has suggested I just take every thursday and friday as a vacation day until they figure it out. It's annoying how long they're taking to get it together, but I'm getting paid at 100% rate while working 60% hours so I guess I should just enjoy it for now. + +My new role has way less stress and responsibilities but I still feel burnt out on the company and honestly my heart just wants to walk away. But working 3 days a week and making this money seems ridiculously generous so I'm going to do my best and give it a try for at least a while. + +Meanwhile due to stock market volatility my NW has dropped from around $5.7MM to more like $4.9MM (I guess I am slightly on the low end of this subreddit). + +Edit: to be clear I don’t expect 100% pay for 60% time to last at all, I’m expecting HR to either get it together and prorate me or tell me in 1-2 months that they can’t do it. +I have a property I put earnest money on but the financing has taken longer than expected. The seller kept ask for me to sign an ammendment saying that if financing falls through they get to keep the earnest money. I would not sign it. After 30 days we could not come to an agreement. As a result they put put a contract on the property with another buyer. I contacted the escrow company about releasing the EM but they said the wouldnt without a signed release. The seller will not sign a release that doesn't include them keeping all the money. Do I have any recourse? The amount is $2100 and the state is Texas + +Edit: It has been resolved, I had the agent let the seller know that I will not be giving them the earnest money and will tie up this house by getting lawyers involved. I knew they already had a buyer lined up and couldn't afford to wait so they released the earnest money +I don’t get what the hype about palantir is. I feel like people always have the same feelings when a new tech stock comes out thinking it’s the next apple. Can some explain all the hype? +Before you call me a shill and shit. Hear me out. + +With my shares (almost at xxxx) I'd be really happy with $10k per share. I can buy a nice house, a nice car etc. I don't need that much from life to be happy. I'm happy with my life as it is and I don't want to buy fancy stuff and status symbols so $10k is more then enough for me. If it doesn't happen I don't care for my sake, I care more about smaller apes getting the tendies they deserve! + +I don't even have to pay taxes for my gains because of my swedish tax free account. Instead I pay a set tax, like 0,3% or something every year of my holdings, so no tax when I sell. + +With my floor being set as low as $10k I can easily 💎🤲 through $50k, $100k, $1M, $10M etc. since I'll be fine with $10k per share. No panic to sell on the way down at $10M, $5M, $1M etc. smaller apes can go first. + +A drop from $100k to $40k doesn't matter since I'm already far above my floor so no risk of 🧻🤲. Of course I'll sell on the way down but I won't panic if it drops from $1M to $100k since my floor is set so low. Hopefully my strategy can help smaller apes get to their floor! + +I can also just sell 1 share (maybe 2) at $10M and be more then happy with it, but smaller apes go first. + +And yes. Maybe this is a retarded strategy but I made a drawing with my daughters crayons and the math checks out. + +I love everyone of you apes ❤❤❤ I'm honored to go to the moon with you. 🚀🚀🚀 + + +Edit: TL;DR I don't believe greed is the way to fight greed, since it might blur your mind. Solidarity is the way to fight greed! + +Edit 2: Thanks everyone for the kind words! I was a bit afraid to post this as I thought that the low floor would seem like a problem to some apes and that the meaning of the post would get misunderstood. ❤ +It is my belief they are shitting themselves right now. Latest RC tweet. Publishing DRS numbers is a direct shot at the SHF and they know their time is numbered. + +They are now trying to control the narrative...trust us, we told you about the squeeze, trust us, its over, trust us, we fired coke head cramer, trust us, blah, blah, blah. + +Until I hear GME plans from the mind master himself, I plan to keep Buying, Holding, and DRSing...no mater what the price. +A year ago today retail was trading GME on the 100% correct thesis\* that it was shorted more than 100% of the float and THIS IS WHAT PEOPLE WERE TRADING ON --- THE CONTINUED BUY PRESSURE of a 100% shorted stock and potential squeeze (an actual squeeze, not the BS that's been mentioned with every MSM article mentioning a new ticker squeeze candidate ever since). + +Well instead of letting the "free market" play out, the monopoly game was flipped upside down because they didn't like how the game was playing out…i.e., the buy button was simply turned off for multiple securities. + +If you have not seen Interactive Brokers Founder and Chariman Thomas Pettery's interview February 2021 before the gamestop hearings, this is the most important concise background info as to what was actually going on behind the scenes 1/28/21 and it MUST BE WATCHED here: [https://www.youtube.com/watch?v=\_TPYuIRVfew&t=41s](https://www.youtube.com/watch?v=_TPYuIRVfew&t=41s) + +In it, Thomas Peterffy confirms that continued GME buy pressure would have gone exponential "into the thousands" and that it would have caused a cascading effect across the market collapsing the financial system. \*Peterffy also states GME short interest was way WAY over the float with options (70 million + 150 million calls short interest vs 50 million shares outstanding). You know…confirming the thesis that many were trading on in January 2021 was 100% correct. + +This is full admission that the price would have gone into the thousands, so brokers purposely shut off the buy pressure 1/28/21 to keep GME from going exponential to save their own skin…OR it's a lot like rewriting the rules of the game and breaking the opponents legs at the same time in the 4th quarter. + +In turning off just the buy pressure (and not the sell pressure) they straight up robbed retail in broad daylight with the police watching and the world recording it on their phones and these people running the shit show are still out there as if NO WRONG has occurred. Shutting off just the buy pressure instead of halting trading overall artificially affected the supply and demand for the securities they did this to. THIS IS STRAIGHT THE FUCK UP MARKET MANIPULATION as defined by the SEC and cost retail share holders and long option holders BILLIONS of dollars. ONE YEAR LATER after this exposure and almost NOTHING of consequence has been done. It's really all as simple to understand as this and these mother fuckers need to be placed in prison. + + +Edit 1: The sub that starts with W this all started with remains SOLD OUT to shills...this post also posted there REMOVED by mods after 5 minutes active. +I have $30k to top off my TFSA. Going to put it all into XEQT. Typically I follow the rule “Time In The Market > Timing The Market” but this is the largest lump sum contribution I’ve made. + +Considering today’s market, would you personally make a lump sum contribution or would you contribute a specific amount over a specific amount of time? + +Edit: Thanks for all the responses! For additional context, the plan is to hold till retirement (20-30 years from now). Also using Questrade, so no purchase fees if I DCA. +I have just 1 rental property and would like to increase units someday in the future. I've read that the main benefit to converting rental property to an LLC is liability protection. If someone gets injured on my property, I won't be personally liable for it but my business insurance would cover it. Are there other benefits I'm missing and what has your experience to convert to LLC. Has it been worth it? +I think you are all great. You have read, and at least tried to understand the DD. Thats the best most of us here can do. I understand about 50% of what is posted by the super wrinkles. Know what? Thats good enough for me. I'm miles ahead in my understanding of all of this, thanks to you. + + +However, truth be told, I never want to meet any of you. Or have a club. Or giant party. I want to make life a bit easier for me and mine. I hope all of you want the same. + + +I love you guys/gals, and enjoy the ride we have had. But at the end of the day, its about my family. I am a blue collar guy, who makes life happen for my family. Im just tired of 60 hr weeks, tired of getting shit from people making 6 figures, tired of missing my kids baseball games. + + +Lets do this +I got tired of writing comments, so from here on I'll just reference this post or ignore the comment when users complain about highly upvoted charts and TA. + +**You're in a trading subreddit. TA is part of the bread and butter of this community. I don't understand what is with all the users complaining about chart analysis.** + +Is it perfect? Fuck no. Can it give you an advantage? Yes. + + If you want to complain about charts having "random lines" that have no meaning then politely go back over to /r/ethereum to get your news. Because any reasonable guess about where the price is going is going to involve where it has been and behaved in the past. + +I don't expect these types of comments to stop. I know a flood of new and inexperienced users means a lot of different opinions. But this is not WSB. This is not Stocktwits. This is not BTC. You're entitled to your opinion, but jesus just let the rest of us take advantage of the resource and quit trolling. Just ignore the post, fucking move on, and we'll all be good. /rant. + +edit: Wow, this really blew up. Regardless on where you stand on the subject, at least we're all aware that the community cares about this subject. +TL:DR at end + +I’m just a smooth-brained ape, but here’s the limited evidence I’ve gathered thus far: + +1. Apes that transferred their shares from RH to Fidelity, etc, are seeing their shares arrive as fractions that add up to their total *purchased* (ahem) shares; +2. Apes report pages upon pages of fractional shares bought at prices they obviously didn’t pay (I.e., u/AssRanch69 bought 10 shares on RH at $130 but when they arrive at Fidelity it shows .3 of a share was bought at $186, .6 of a share at $481, etc); +3. Thus we may assume that AssRanch69 didn’t actually have 10 GME shares in his original account and RH was forced to cobble together 10 shares upon Fidelity’s transfer request; +4. Since RH has shut down trading of stonks and crypto on at least 3 occasions, when it was in their best interests (but not their users’), we can assume they are shady as fuck and these jigsaw puzzle shares ought to be examined extremely closely. + +Hypothesis: when investors buy shares on RH they are in fact buying an IOU, as RobinHood either 1. does not have the shares, 2. does not have enough shares so they pilfer fractional bits off other users accounts that actually contain some, or 3. has so few they have to purchase them from other entities willing to part from them on dark pools for prices far exceeding the market (which explains those fractionals over $300-400). + +TL/DR: RH never owned the majority of shares its members “bought”. RH either 1. Didn’t buy their shares on the market; 2. Is cobbling together fractional shares from remaining members’ accounts to transfer to Fidelity; or 3. Buying shares at way higher prices from dark pools from entities who will only part with them for prices way higher than the actual market’s. Or probably all three. + +I’m but a dumb ape slinging unrefined poop at the audience, so, please, wrinkle-people, make smart of this? + +Edit: I’m currently editing grammatical errors, not susbstance at 4:58am MST. Be done in a min + +Edit 2: Apparently some people are seeing fractional shares that were purchased for over $500. Where were they purchased if GME’s reported high is $483? + +Edit 3: u/Spimany says one of his fractionals was bought for $700. Someone explain...? + +Edit 4: u/Dirty_Epoxide just shared [this image](https://imgur.com/XBWcLK4) of some shares he transferred. He definitely didn’t buy shares for $911-$963, so...? Are these wash sales? Someone explain? +After seeing this [post](https://www.reddit.com/r/Superstonk/comments/w3ue2n/comment/igyhfz4/?context=3), I contacted Computershare, and it is true. + +The changes only impact Limit Orders and do not apply to Market Orders. + +**The sell limit order maximum will be changing from $214,748.36 per share to $3,500 per share, effective after Wednesday, July 20, 2022.** + +**Existing limit orders for $214,748.36 will remain in place and not be changed to $3500 until they are canceled due to the stock split. The cancelation will take place after the split on 7/21.** + +*Note: Going to pin this post temporarily just to control any potential misinformation.* + +***Edit to add this disclaimer right to the top:*** + +**Even though there’s a $3500 sell limit, it doesn’t matter. Once we approach $3500, the limit will either be changed or removed. And if we go past $3500, we aren’t restricted to only doing a $3500 limit order. Due to NBBO, we are always allowed to place a limit order as long as it’s within 3% of the trading price (above or below). The $3500 is only in place now because we are still pretty far from it.** + +&#x200B; + +**Conversation with Computershare:** + +All of the info can be found on Computershare's website as well, here: + +[https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapse7ec3e3e0-7622-4b75-a386-9b9f511acb11](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapse7ec3e3e0-7622-4b75-a386-9b9f511acb11) + +&#x200B; + +https://preview.redd.it/6ocxcuf5jsc91.png?width=747&format=png&auto=webp&s=acff72f58413a221a3e52ca61912ac7f3898e244 + +https://preview.redd.it/ba3nccg8jsc91.png?width=752&format=png&auto=webp&s=0a45fbe6ac32ed44987dcc69129980a3b1893aa9 + +https://preview.redd.it/7p53w659jsc91.png?width=742&format=png&auto=webp&s=0555add63e7e0fe086b334198b5d4c77bd88ffe2 + +**Details from Computershare's website:** + +[https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapse7ec3e3e0-7622-4b75-a386-9b9f511acb11](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies#collapse7ec3e3e0-7622-4b75-a386-9b9f511acb11) + +**What is the maximum limit order possible through your systems?** + +We’re sorry to say that we are having to lower the maximum “limit order” price for all US shares traded on our platform from $214,748.36 per share to $3,500 per share, effective after Wednesday, July 20, 2022. + +**Why did you lower the maximum limit order?** + +The change has become necessary because the volume of very high limit orders being placed through our systems has increased significantly over the last six months and is now so high that the total value of open orders risks exceeding the overall risk cap set by our broker. A high proportion of these limit orders (which mostly span just two securities) are submitted at limits that are many thousands of times the prevailing market price for the relevant security. Whenever those limit orders do not execute, they negatively impact the overall risk cap calculation. + +**What is affected by maximum limit order change?** + +The change applies to both “day” limit orders and “good-till-cancelled” limit orders. Any existing orders with a limit above $3,500 per share will remain in place until they naturally expire or on the execution of a stock split, when such orders are routinely cancelled. Any resubmitted or new orders after close of business on Wednesday, July 20, 2022 will be subject to the new maximum limit of $3,500 per share.  + +The change does not affect the maximum trade value (consideration) that our system will accept. The maximum consideration will remain at $10 million for designated securities (specifically GameStop and AMC) and $2 million for other securities for each individual order submitted via the web. + +&#x200B; + +**TLDR** + +* Sell limit order maximums will change from $214,748.36 per share to $3,500 per share, effective after Wednesday, July 20, 2022. +* Existing sell limit orders will NOT change however due to the stock split, they will be canceled after the split goes into effect on Thursday, July 21, 2022. +* The change is because the volume of very high limit orders being placed through CS systems exceeds the overall risk cap set by their broker +* This is ONLY for Sell Limit orders - Market orders are not affected. +* The maximum trade value for GME will still remain at $10 million +* The sell limit should be either raised or removed as the price is increasing and grows closer to $3500 +* Due to NBBO, you are still able to place a sell limit order as long as it is within 3% of the current trading price due to the rules here: [https://www.sec.gov/rules/sro/nysemkt/2016/34-79640-ex5.pdf](https://www.sec.gov/rules/sro/nysemkt/2016/34-79640-ex5.pdf) + +&#x200B; + +**SPLIVIDEND** + +[Find all the info here!](https://www.reddit.com/r/Superstonk/comments/vtvbl8/gme_41_stock_split_in_the_form_of_a_dividend/) +I woke up this morning and checked the price, saw we were above $200 and thought "great". But I quickly realized that I don't get as excited as I used to on a +$20 day/movement. Everyone holding gme for the year has seen this like 8 times now, and it still means nothing. Of course it's nice to see but this is nothing. I've read all the DD, and it pretty much proves that this is nothing. I'm not getting excited till we start flipping circuit breakers. +I am early 30’s in a LCOL area of Australia where there is not a lot of wealth. + +I earn 7 figures a year, and have done so for the last 5-6 years. I look pretty unassuming. + +Some things I want the best of. + +Health and sporting equipment usually fall in this category. + +I will often have the experience where a shop attendant or service provider will be showing me the cheapest options, based on my appearance. + +How do you say “I want the best money can buy” or “what would you get if money was no object”. Without sounding like a wanker. + +Or should I just buy a Rolex. + +An example was i wanted a set of scales that also showed body fat percentage. The shop attendant basically refused to show me them say “they are over $300 no one has ever bought them”. I ended up buying them, it was super awkward. They guy just couldn’t comprehend me spending that on bathroom scale. + +Any ideas? Or strategies? +https://www.cnbc.com/2020/03/02/robinhood-says-its-experiencing-a-system-wide-outage-as-markets-rebound-in-heavy-volume-monday.html + +Robinhood is down, again. For the billionth time since their inception. As of the time of this writing, their website loads a blank white page, and their app is showing badly delayed information. It's been like this since before 9:30AM. + +I've seen Robinhood go down in the past, but never for this long and never at a time that was so important in the markets. At this point, I have a feeling there will be a user rout and many, many accounts will be closed, not to mention the inevitable mass of lawsuits coming their way after this. With every major broker now offering free trades, is there really even any reason to use this platform anymore? Is this the end for Robinhood? +[https://github.com/lhwolff15/InsiderTrading](https://github.com/lhwolff15/InsiderTrading) + +Recently I’ve been focusing on how to tell if insiders in a company anticipate a potential upside or downside to their company. As the great Peter Lynch once said: “insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.” I couldn’t find a data source that compiled all the buying and selling data for companies, so I made one. I created a Python script that picks up Insider Trading transactions for all publicly listed companies. I just completed it so I haven’t had time to test out the impact insider trades have on the stock price, but I thought you guys might think it was a cool source of data. Let me know what you think! + +&#x200B; + +UPDATE: Just wanted to share my resulting spreadsheet. Interpret the data as you will! + +[https://drive.google.com/file/d/1x2K-HKcFTEmgnEslvYEz2j3XZ9PHe2fj/view?usp=sharing](https://drive.google.com/file/d/1x2K-HKcFTEmgnEslvYEz2j3XZ9PHe2fj/view?usp=sharing) + +&#x200B; + +I wanted to include a link the page where the data is drawn from on the SEC site (the table on the bottom of the page). I just used Apple as an example. + +[https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0000320193](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0000320193) + +&#x200B; + +&#x200B; +Bought a Motely Fool ‘Stock Advisor’ membership 6 months ago after being impressed by their previous stock picks performance. It’s displayed on their website and averages around 33% annually for fire (growth) and ice(income) recommendations. I have bought every months fire since joining and this months ice. + +Slightly irrelevant as you are meant to hold each pick for 5 years at least but for context I am currently up 30% overall. + +Based off their recommendations past performance I am considering buying substantial (given my available funds) amounts of future recommendations. So far I have only been buying £250 worth of each recommendation, a number I may bump up to £1,000. + +I searched Reddit to see if anyone else had done a similar thing for a good amount of time and had success. But I found very few posts. Mainly just a lot of people criticising MF for making them lose money (often seemed like these people hadn’t held the picks for 5 years) or about MF’s articles and pushy sales emails. + +I concede that the constant emails trying to upsell you other memberships are annoying and the many trashy and clickbait articles are pretty embarrassing. But when it comes to their actual stock picks I don’t understand the hate and the lack of success stories if the MF has achieved the annual returns it displays on its website so proudly. + +Basically I have £32,000 in savings which I am considering investing into future MF picks over the next 12 - 18 months and want to know what you all think of MF’s stock picks and if you think this is a good idea. + +And also want to hear from people who bought MF Stock Advisor, and other MF memberships, recommendations and how it went for them. + +Edit: Just to clarify I have never invested in stocks recommended in articles by MF only their official recommendations through the paid Stock Advisor service. As their performance is tracked providing some accountability. +Apologies in advance if it has already been mentioned, but I've just noticed that *a lot* of new stocks were added to Trading 212 on Wednesday 11 November 2020. + +As part of this, there was 1,400 LSE securities added including a large number of AIM stocks . + +Link to T212 forum post here: https://community.trading212.com/t/2-800-new-stocks-landing-on-wednesday/25402 + +I think one I'll take a closer look at this week is the recently listed Guild eSports but keen to hear any recommendations people have for any of the newly added bunch. + +Edit: should be able to find complete list of new stocks at following link: https://docs.google.com/spreadsheets/d/1SzCoodqdp3_Uu4bh8jB4S0mbwunRDwmWqYSngU-lkXA/edit?usp=sharing +The Department of Justice announced an aggressive plan for going after white-collar crime. In such a way that makes sure to get top level, repeat offenders and stop companies from policing themselves. + +https://preview.redd.it/dzj3r2tq9r481.png?width=750&format=png&auto=webp&s=ada843245f5ee9e723192320237044ffbcb7d741 + +SAUCE: [https://www.justice.gov/opa/speech/deputy-attorney-general-lisa-o-monaco-gives-keynote-address-abas-36th-national-institute](https://www.justice.gov/opa/speech/deputy-attorney-general-lisa-o-monaco-gives-keynote-address-abas-36th-national-institute) + +# They're going after C Suite, CEO's, CFO's.... + +>**The first announcement:** augments our efforts to ensure individual accountability. To hold individuals accountable, prosecutors first need to know the cast of characters involved in any misconduct. To that end, today I am directing the department to restore prior guidance making clear that to be eligible for any cooperation credit, **companies must provide** +> +>**the department with all non-privileged information about individuals involved in or responsible for the misconduct at issue. To be clear, a company must identify all individuals involved in the misconduct, regardless of their position, status or seniority.** + +# No more repeat offender, pay-to-play. + +>**The second change:** I am announcing today deals with the issue of a company’s prior misconduct and how that affects our decisions about the appropriate corporate resolution.Today, the department is making clear that all prior misconduct needs to be evaluated when it comes to decisions about the proper resolution with a company, whether or not that misconduct is similar to the conduct at issue in a particular investigation. That record of misconduct speaks directly to a company’s overall commitment to compliance programs and the appropriate culture to disincentivize criminal activity.To that end, today I am issuing new guidance to prosecutors regarding what historical misconduct needs to be evaluated when considering corporate resolutions. This will include an amendment to the Department’s “Principles of Federal Prosecution of Business Organizations.” **Going forward, prosecutors will be directed to consider the full criminal, civil and regulatory record of any company when deciding what resolution is appropriate for a company that is the subject or target of a criminal investigation.** + +# No More "Self-Regulation" + +>**The final change:** I am announcing today deals with the use of corporate monitors. Stepping back, any resolution with a company involves a significant amount of trust on the part of the government. Trust that a corporation will commit itself to improvement, change its corporate culture, and self-police its activities. But where the basis for that trust is limited or called into question, we have other options. Independent monitors have long been a tool to encourage and verify compliance. In recent years, some have suggested that monitors would be the exception and not the rule. To the extent that prior Justice Department guidance suggested that monitorships are disfavored or are the exception, I am rescinding that guidance. **Instead, I am making clear that the department is free to require the imposition of independent monitors whenever it is appropriate to do so in order to satisfy our prosecutors that a company is living up to its compliance and disclosure obligations under the DPA or NPA.** + +The whole this is worth a read but here is her summary: + +>*I’m sure many of you in the audience are going to get calls from clients over the next few days with questions about what this all means. So, let me conclude by giving you the answers — with these five points: Companies need to actively review their compliance programs to ensure they adequately monitor for and remediate misconduct — or else it’s going to cost them down the line.For clients facing investigations, as of today, the department will review their whole criminal, civil and regulatory record — not just a sliver of that record.For clients cooperating with the government, they need to identify all individuals involved in the misconduct — not just those substantially involved — and produce all non-privileged information about those individuals’ involvement.For clients negotiating resolutions, there is no default presumption against corporate monitors. That decision about a monitor will be made by the facts and circumstances of each case.Looking to the future, this is a start — and not the end — of this administration’s actions to better combat corporate crime.* + +\------------------------------------------------------------------------------------------------------------------------------------------------- + +I anticipate comments about how it's too little too late, or we can't trust anyone to help, or everyone is corrupt. I would hope before you leave such a comment you will have already contacted your representatives and let THEM know you're involved and aware of the bullshit. + +On that same token, I hope you also contact the people who ARE helping to express your support. [Deputy Attorney General Lisa O. Monaco](https://www.justice.gov/dag/staff-profile/meet-deputy-attorney-general) + +&#x200B; + +EDIT: This content is from October. I posted it then but it didn't get traction. + +You may enjoy these other posts: + +[The SEC Received so many Complaints, they had to hire Temps](https://www.reddit.com/r/Superstonk/comments/qlx84n/the_sec_received_so_many_official_complaints_tcrs/?utm_source=share&utm_medium=web2x&context=3) (My Favorite) + +[Apes Beat Down the Door of the SEC](https://www.reddit.com/r/Superstonk/comments/qw8s5a/apes_beat_down_the_door_of_the_sec_the_2021/?utm_source=share&utm_medium=web2x&context=3) (Also my Favorite) + +[The New Head of WhistleBlower](https://www.reddit.com/r/Superstonk/comments/qpj3wl/everyone_say_hello_to_nicole_creola_kelly_named/?utm_source=share&utm_medium=web2x&context=3) + +[Joint Treasury Report](https://www.reddit.com/r/Superstonk/comments/qqa34k/well_this_seems_interesting_a_joint_report_on/?utm_source=share&utm_medium=web2x&context=3) +It seems every article I read and/or news casts I see online talk about an impending recession or a high likelihood of one occuring in the near future. + +Meanwhile by definition a recession is "two consecutive quarters of negative gross domestic product (GDP)" which would imply we are already in a recession. + +Why is there such a disconnect and vagueness to whether we are or are not currently in a recession? +I know it’s designed for short term trades. I know there’s decay if the S&P 500 trades sideways for a time. I know it could go under if the S&P falls over 33% in one day. Every disclaimer says it’s not for long term investing. But I look at the ten year chart, and SPXL has indeed grown 3x higher than SPY for the period. So why doesn’t this work? It seems to work. Tell me why I shouldn’t buy and hold for 20 years. We are all here investing our money and throwing our paychecks into total US market funds because we believe the S&P will be significantly higher 20 years from now than it is today. If it’s not we have bigger problems. +The people I am referring to are also people who work minimum wage jobs but on insta every weekend even weekdays sometimes they are out in restaurants drinking going mini golfing spas nails eyelashes travelling to different states and even there they are going to sea world and seven flags. I looked at how much these costs and it’s so much! I guess if you are earning a lot it’s probably pocket change but My monthly budget is 940 this includes everything food rent electricity phone train pass etc. I barely have anything left over. I am a full time student and cannot work many hours so there is that too. But still how do people do it is there some trick? +Just thought I'd share this as I sometimes see health insurance issues here. + +I got a bill from a medical test that was taken in a doctors office that was IN NETWORK. A year later I got a bill for the test that they had sent out to a company in California that was not in network. + +I was about to just write a check and be done with it and decided to call and pay with my rewards credit card so it wasn't a total loss. I complained about the bill to the customer service rep I got and she said 'let me put you on hold because Florida has a No Surprises law'. While on hold I googled it and it passed in 2016. + +Since it was out of network but from an in network dr/issue the bill was zeroed out and I don't have to pay it. + +It was nuts. From a $400 bill to nothing and had I not called I would have been out $. + +There may be other states with this law so check before you pay. +At 5AM this morning, my phone started blowing up with notifications for codes confirming my password resets for Venmo, followed by password resets for my google account, and then a notification from Verizon saying my Verizon messages account was being accessed from a location from the other side of the country. This all happened in a span of about 5 minutes. Fortunately I was already awake at this point, and I quickly got on the computer and was able to log into all my accounts and change the passwords and confirm I was not the one making the changes. I got email notifications that 2 bank accounts from a bank I don't even use had just been attached to my Venmo. I immediately removed them from my account. Besides the 2 bank accounts that had gotten attached to my Venmo, it doesn't seem like anything else was compromised. I'm still a bit shaken though and am worried there may be more to come. I haven't been able to get in contact with any support because of the time. What steps should I take now to keep myself safe? + +Update: I was able to contact Verizon's fraud department and they said because it didn't look like the hacker compromised my Verizon account, there was nothing they could do for me. They suggested I contact Google. I told them the hackers were somehow able to look through my device and my text messages because whenever you have to reset a password for Gmail, they send you a confirmation code to your phone, and the hacker was able to see and use that confirmation code because he had access to my text messages. Verizon repeated what they had told me and to contact google. However, I can't seem to figure out how to actually speak to an agent at Google. + +Update #2: To answer a few questions. The timeline was over a span of 5 minutes: Get a text from Verizon saying someone has access to my messages/devices in this city at 4:51AM. Receive text confirming password change for my gmail. Receive text confirming password change for my Venmo. I change my gmail and Venmo passwords. Notice 2 new bank accounts attached to my venmo, and I remove them. All activities cease. I'm a super broke student, so it's not like I have any real value in my venmo, so I wouldn't be missing much. I just feel vulnerable which sucks. + +**Update #3: Thanks for all your responses. So from what everyone's been telling me, it was Verizon that got hacked. The first notification I got was that my VerizonMessages was being accessed from another location/device. They used my Verizon messages to look through my texts and also send the number the password reset codes for my google account. When I contacted Verizon's fraud department, they told me it wasn't possible and that I was wrong. They told me to contact Google's fraud department. Not sure where to go from here. Nothing really came from this and the hacker didn't take anything.** + +Here are my tougher based on nothing but feelings: + + +I believe we are being played by whales. +Fundamentals have not changed, only good news, yet the price is going down. + +Whales are suppressing the price, generating a pessimistic mood all over the place, that generates even more sales. + +My feeling is that at the right moment they will started loading up with all the cheap ETH you are selling now, making a new ATH. + +I’m not sure where the bottom is going to be, not how long it will take before we will be going up again. + +But that time is coming, and I’m not selling anything. + +Just my 2 wei +Over the last few days I have been conversing with an individual that replied to my "roommate wanted" ad on Craigslist. + +Everything seemed normal until I started speaking more with this person, who identified themselves as "C.C."[name withheld for privacy] + +When I got suspicious, I started searching for "roommate scams" online, and found almost exact replicas of some of the emails I received from this person. I thought I would post them here so no one else gets played. I haven't sent any money or given out my exact address, but I was naive enough to give out my personal email and phone number. Don't get scammed! + +The first reply looked like this: +> I am a young professional (and climbing enthusiast) looking for a single room to rent starting June. "Simple Living" is what I'm after; so a single room, with a budget of ~$700/mo., be sure to only send me your direct phone number . +> I work pt at M-F, as an Environmental Consultant , and am typically 'out' until 4pm or so, spending most evenings at the gym or hitting local trails. I am an early to bed, early to rise kinda gal, interested in anything that gets me outside and active. Would absolutely love to room with like-minded folks; If you happen to be a climber as well, all the better! +> I am 23 years old, with no pets, and one vehicle. Very few personal items. If your place fits the bill just send me your phone number, Looking forward to hearing from you. + +I thought that sounded great. I replied with a little more information about myself, the room I'm renting, and asking her some questions, and received this reply back, which seemed almost as if it was written by a different person, grammar-wise: + +> Thanks for your response. I'm glad to hear the room is still available for rent. My name is C.C.,I am 23 yrs old female student,fun loving and respectful of others.A non-smoker, don't do drugs,i drink occasionally,and drama free.I'm from Edmonton Canada I graduated last year in University Of Alberta I am a very easy going Christian Girl that love going to Church and attend services , have no children i speak both French and English ,I am coming to proceed with my masters degree in micro-biology as my parents wants me to further more with my Educational Career in the state.. +> I'm really interested in renting the room from you and i want you to know that i really love pets but I don't have any at the moment. I also would have loved to see the room in person but since i am presently not in the state then i wont be able to see until the point of moving in so I will like to tell you that i will be moving in immediately after the payment arrangement has been settled and my dad will be responsible for everything so you have nothing to worry about I could have called you to discuss this with you but this is a remote area and can't make international calls as well so you need to get back to me with the your Full Name and Address and Phone Number for the payment to be made as I don't want to waste time to secure the room . +> I will also like you to tell me more about yourself if you have the chance will also like to know if you have a garage or parking space as I will be having my own car get delivered to the house before my coming so i will send your contact to my dad for him to email you later and he will be the one responsible for my bills so the payment will be made to you immediately you get back to me with the full information required for the payment to be made for you to hold the room for me . I will be looking forward to your email soon. Respectfully. C.C.. + +After that I was dumb and gave her my personal phone number and email. Since then, "she" has been sending me texts repeatedly asking for my *exact* address (I gave her the address of the apartment building, but not my apartment number yet) so her dad can wire me money. There have been a couple more emails as well, very similar in style and grammar to the one above. + +At first I thought since she said she was from Canada and spoke French and English, that English might be a second language for her and maybe that explained the poor grammar, but after searching and finding almost exact templates to these emails online in scam forums, I see where this is going. + +If I had kept going with the scam, "Chloe's dad" would have sent me a money order or check for an amount much higher than the rent/deposit. I would be instructed to cash the check and send the rest of the money to the car dealership/company ASAP. Of course, a few days later, the check would bounce, and I would be out whatever amount of money I sent to the alleged car dealer. + +I am so happy I was suspicious and checked online, since I could see myself easily falling for this- I tend to give people the benefit of the doubt, and really want to find a roommate. + +Here are a couple other things that tipped me off that aren't included in the texts above: + +- She talks about a hobby of climbing in her first email, and getting her Masters in microbiology in another, but when I asked her specific details about climbing and where she would be going to school, she avoided the questions and didn't answer. + +- No matter what I put in my emails/texts to her, she never cited any of that information in her reply back. + +- Although I asked multiple times in different ways, she never specified when exactly she wanted to move in, only saying 2-3 times that she would move in after her dad wired me the money and her car was delivered. No dates given. + +- All she seemed concerned about was getting my exact address and phone number so her dad could wire me money. She's actually still texting me about it. For a student who is apparently thinking of moving across the border to another country to go to school, she seems to have no other concerns whatsoever. Odd. + +I thought I would post this so no one else gets caught up in this kind of scam. I'm pretty lucky in that the nearest school that has a Master's in micro is about 30-45 minutes away (which made me wonder why she wanted to move in here) and that I started asking specific questions of her, but oh man did I come close to sending her my exact address and getting money wired. I'm kind of naive at times. + +Am I correct in my assessment that this is a scam? I'm pretty much 99% sure, but I so badly want people to be good and honest. + +**My question now is:** What should I do about this? Obviously I'm not giving "her" any more information or accepting money, but should I report this to someone, or say something specific to her? I'm not sure how to move forward. I'm sure there's not really a chance this individual is going to be caught, but is there any way to try to shut this down? +The expansion of the float to 1B shares, isn't just for a dividend. It's for a merger with BBBY. RC is planning to combine the companies through a stock-for-stock merger. + +What is a stock-for-stock merger? I took this from investopedia: + +*When the merger is stock for stock, the acquiring company proposes payment of a certain number of its equity shares to the target firm in exchange for all of the target company's shares. Provided the target company accepts the offer (which includes a specified conversion ratio), the acquiring company issues certificates to the target firm's shareholders, entitling them to trade in their current shares for rights to acquire a pro-rata number of the acquiring firm's shares. The acquiring firm issues new shares (adding to its total number of shares outstanding) to provide shares for all the target firm's converted shares.* + +*This action, of course, causes the dilution of the current shareholders' equity, since there are now more total shares outstanding for the same company. However, at the same time, the acquiring company obtains all of the target firm's assets and liabilities, thus effectively neutralizing the effects of the dilution. Should the merger prove beneficial and provide sufficient synergy, the current shareholders will gain in the long run from the additional appreciation provided by the target company's assets* + +Why a merger? To better compete with the largest retailer in the world, Amazon. There was DD here last year that implied that wallstreet was shorting companies into the ground so their assets can be bought up for cheap by Amazon. + +RC is beating them to the punch, by investing in these companies before they get crushed, he gets a say in how their companies operate, and where they allocate assets. + +BBBY operates in a completely different market than gamestop does. A merger would put GME in the running with Amazon. + +GMErica is the new company that will be formed post-merger, a direct competitor to Amazon. + +So own shares of BBBY if you like, but if you own GME you already do. + +EDIT: I was expecting this to get buried, just wanted an 'I told you so' if I'm right. + +Also, I'm now in the reddit "controversial club". + +I'm not gonna be reading the comments, because there are too many. + +BUY, HOLD, DRS GME +I’ve noticed a trend. As soon as I start having some successful days, I start to imagine what my life would be life if I became a full time trader and started making good money. I start to fantasize taking my wife to a nice restaurant after a good day of trading. + +And it seems like as soon as I start having those mindsets, it’s the start of a losing streak. +Hi + +I have always been quite frugal when it came to the gym, always been going to one of the budget gyms like Pure Gym. + +However, recently the area where the budget gyms are at started to become very rough especially at night and also noticed the gyms started getting busier which I understand due to life of normality slowly coming and cost of living crisis. + +Turning 29 soon, I started to realise that I want to start taking my health more seriously. + +I found a Virgin Active in a nearby area where it is not as rough and comes with swimming pool etc. + +Also found that I could get a discount through my workplace however the yearly membership would be nearly £1000 which is about £700 more than what I was paying in budget gym. Understand you cant compare the 2 + +Just wanted a second opinion and thoughts here really + +Thanks +Yo whatsup guys, I think there’s a misconception out there that when you trade The Wheel, all the premiums are free money and as long as you sell covered calls above your cost basis you’re good. While this isn’t totally wrong, it’s missing the big picture and how you can maximize profits when trading the wheel. + +Wherever you are assigned above your cost basis (I know this phrase triggers tax nerds but it’s time for you guys to accept it) is the profit you will make. You might sell 50 CSPs that brought your inevitable cost basis down to $4,000, but if you sell a covered call above your cost basis at $45 dollars per share and get assigned, receiving a credit of $4,500, you end with a profit of $500. $4,500 in after $4,000 out is $500 left over. + +This goes to show that you shouldn’t just sell *anywhere* above your cost basis. If your CC premium and strike cause you to receive a total credit equal to your cost basis when assigned, you’re at break-even. All that time and effort selling CSP’s has gone to waste. + +So keep that in mind. Wherever you are assigned above your cost basis will be your net profit, no matter how many CSPs you sell. + +So this makes CSPs the name of the game. They are your weapon of choice. They reduce your cost basis with no obligation to sell at a particular strike because the strike does not determine whether you end with a profit or loss. They are your bread and butter *because* they reduce your cost basis, making it easier to secure a fat bag when you are assigned and start selling CC’s and get assigned again. + +This is also why you roll your puts and avoid assignment because you want to stay in the world where you are able to reduce your cost basis freely and without restriction. + +Cash secured puts are your bread and butter. Do not view your premiums as money in, but as a way to reduce the cost of the stock once you’re assigned your put, making it easier to sell a covered call for a juicy premium with a strike well above your cost basis to secure a hefty bag. + +If you can’t sell a CC far enough above your cost basis to secure a fat bag if assigned while collecting a juicy premium (likely because the stock as gone down), then wait for the stock to recover. Then once you can sell with a strike well above your cost basis for a nice premium, pounce. And of course continue to roll. Once assigned, enjoy the profit that is the difference between your cost basis and where you get assigned your covered call. If you get assigned 1 point above your cost basis, all those premiums you collected? Wasted. + +Edit: Yes, this is mental gymnastics. You get the same P/L calculation from just adding up all your premiums then adding/subtracting your P/L from assignment. In other words, if you collected 1.00 in put premiums, get assigned your put at $105, then collect 1.00 in call premiums, then get assigned your call at $106, your P/L is ($200premiums+$100capital gains=$300). Or you could look at your adjusted cost basis which is $105-2.00=$103. Then take the difference between your assigned call strike and your adjusted cost basis ($106-$103=$3.00/share or $300). + +You get the same answer. It doesn’t matter. Do it either way. Viewing it in terms of adjusted cost basis gives you psychological confidence to sell covered calls below the actual cost of your shares while the stock decreases, potentially collecting more premiums while the stock slowly recovers. If you view it as separate positions, selling calls below the actual cost of the stock has the psychological impact of feeling like you’re gonna end up deleting your premiums. Which in reality, either way, that’s what you’re doing when you sell and are assigned below the actual cost of your shares. + +Pick your poison, doesn’t matter to me. +What purchase / extravagance do you justify in that it makes time for enjoyable activities or it prevents you having to do unenjoyable ones? + +I signed up for supermarket grocery delivery subscription, which at first felt like a waste when I’m a 10 minute walk away. But working the effort/time out, I’ll save around 3-4 hours a week not having to walk there and around the shop. And a money kicker is it’s also easier to scour for the specials. + +Whats yours? +Coinbase just announced a new "vault" feature for storing ether. https://blog.coinbase.com/announcing-ethereum-litecoin-vaults-b10c3250cbe6 This represents an improvement over having to store all of your ether in a hot wallet on Coinbase. And, it comes with a very nice 48-hour delay during which time you can cancel the transaction. This prevents a hacker from quickly looting your account. Unsurprisingly, Coinbase's announcement notes that this is one of the most requested new features. + +I'm writing because many newcomers to this space may not understand the problem with the new Coinbase Vaults. My goal is not to demonize Coinbase -- it's been the adult in the room while there have been many immature actors in the cryptocurrency space. Instead, I'm hoping that you will join me in urging Coinbase to bring the "old Vault" to ether storage. + +So, what's the problem? Let's start by reminding everyone what the old Vault function was. (1) It allowed you to generate a vault with your own password. That was the first key. (2) Coinbase then gave you a print-out of a second key that you could store. (3) Coinbase then kept the third key. (4) You needed 2 of 3 keys to unlock your old Vault. Because Coinbase kept only 1 key, it could never steal your funds! And, because you had 2 of the 3 keys, you could always recover your funds _even if Coinbase disappeared!_ This was an amazing and reassuring tool. It showed tremendous respect for the customer and made it easy to use with Coinbase. Moreover, you could create multiple old Vaults for different purposes. + +The "new Vault" from Coinbase does not involve a password. It consists simply of "approvals" through clicked email links. You can choose whether all of those email addresses belong to you, or you and trusted friends/relatives. But it's all administered by Coinbase. You don't control the keys. If Coinbase disappears, your new Vault disappears too. This is a fundamental change from the old vault and defeats the very purpose of the old Vault. Essentially, you can consider the new Vault little more than a hot wallet on an exchange with a 48-hour delay. Oh, and by the way, it appears you can make only one new Vault for Ether. + +I got excited at the prospect of having an alternative to the Ledger Nano S that would allow funds to remain with Coinbase but without having to trust Coinbase. I'm still a true believer in Satoshi's vision of a trustless peer to peer system of value exchange. But now I'm disappointed. If you are too, give Coinbase some feedback. +Pretty much exactly what the title says. I know Apes are thinking "well they will just shorts it back to $150 once it reaches $350, and it will be the endgame all over again". + +Putting on my tin foul cap but I believe they are deliberately creating this repetitive cycle of running it to 350 and crashing it back to 150 to make Apes say "well fuck it if it's going to keep doing this, I might as well day trade". + +DFV never sold, he could have had legendary realized gains but the fucking legend never day traded GME and QUADRUPLED down, fucking legend. + +Me personally, I will not let shorts tempt me to get off the rocket to make puny gains just to get left behind once the rocket takes off. + +Not financial advise, just sharing my thoughts and my personal strategy. + +Edit: + +Wow lots of people calling me a shill, saying FUD, telling me to fuck off so here's an update to those saying that "Noone thinks like that you are a shill implanting FUD". + +If I'm being honest, I've been poor my whole life so when I see a trend showing I could have made thousands of dollars by day trading it looks tempting because the poor side of me is telling me "oh look at all the money you could have made". + +But I'm saying despite feeling like that, I've come to realize how stupid it would be to miss the rocket launch into retirement by pinching profits. + +I have had Apes reach out to me and tell me they felt the same way and that the post helped them also realize how dumb it would be. + +Just being honest about how I feel and trying to help other Apes realize the same. + +Is that fair? Or should I still fuck off? +When I made the statement 2 years ago at this point, bitcoin was much less mature and far lower in value. I had always believed that at some point it would hit 10k, but I didnt believe it would be before the end of 2017. Needless to say, I was wrong. + + I am invested in bitcoin and have been a supporter since 2012, so hitting 10k was a mixed bag. I will still be bag holding my coins going forward, but unfortunately my testicle bag will have to part with half its stash. Without further ado, here is the video.WARNING: THIS IS GRAPHIC AND NOT FOR THE SQUEAMISH! + +~~https://www.liveleak.com/view?i=2f5_1512012007~~ taken down + + +https://streamable.com/svn6e + + +It's been a while since our last AMA, alas do not worry - we've been working hard behind scenes to get a pipeline of AMAs ready for you all! + +First off the bat is **Robert Shapiro**, who will be hosted by the amazing [Lucy Komisar](https://www.thekomisarscoop.com/) (and no, he's not the Robert Shapiro who defended O.J. Simpson). + +The AMA will be hosted on our non-monetised [YouTube channel](https://www.youtube.com/channel/UCJ-mn_GXx-MZeL8KiNx-_IA) as per usual on the **18th August @ 4:30pm EST** + +[https://www.youtube.com/channel/UCJ-mn\_GXx-MZeL8KiNx-\_IA](https://www.youtube.com/channel/UCJ-mn_GXx-MZeL8KiNx-_IA) + +# Robert Shapiro's Background + +&#x200B; + +>Robert Shapiro was Bill Clinton’s Undersecretary of Commerce. He would later be senior economic advisor to Vice President Al Gore and Senator John Kerry in their presidential campaigns. So, very establishment. In 2001, he started Sonecon, an economic policy consultancy that advises corporate executives, government officials and non-profit organizations. +> +>Not long after lawyer Wes Christian started looking into naked short-selling scams in 2002, he contacted Robert Shapiro. He thought, “If I could convince him that this was real, he could influence a lot of people, including SEC commissioners. And he was deeply embedded in the Democratic Party and would be able to influence a lot of senators and congressmen.” +> +>Shapiro was quite skeptical. He told me, “It seemed to me if it had the kind of impact they were describing that this would have not have gone unnoticed, and I would know about it, and there would be a lot written about it, and that wasn’t the case.” Christian gave him boxes of documents. +> +>After more than six months of looking into the matter, Shapiro came to agree. He found huge numbers of shares sold short that far exceeded the available shares to borrow or would have made the shares to borrow so expensive as to economically preclude it, and yet there was outstanding short interest, (shares sold short and not yet delivered), equal to 60 to 100 percent of some outstanding shares, the “public float,” which are the shares available for buying, selling, and borrowing. +> +>He told Christian that “500 million to 1 billion dollars in shares are sold but not delivered every day between all exchanges. This is systemic,” he said, “and involves thousands of companies.” +> +>Shapiro said that “massive fraud” was represented by the large fails in ex-clearing, moving buys and sells without going through the DTCC. +> +>Beginning in 2003, he started talking to officials of the SEC about this. After RegSHO was adopted in 2004, allegedly to stop naked shorting, he told them “You’ve got loopholes anybody could drive a Mack truck through. This will not work.’ They said, ‘We don’t disagree, but we’re afraid a stricter rule would destabilize the market through short squeezes’ +> +>In 2009, he testified before the SEC. He started to describe the role of naked short selling in the chaotic way companies collapsed in 2008. He was in the middle of this and his microphone was shut off. +> +>Robert Shapiro has continued to analyze and write about the effects of naked short selling , most recently for Washington Monthly in an analysis of GameStop. +> +>\- Written by Lucy Komisar + +# Ask Away + +With all that being said, please post any questions you may have below, the theme of the AMA will very much follow the legal side of things given Robert's experience and will focus on what the SEC could/should be doing etc... Saying that, please feel free to ask anything! + +**Edit:** Don't be afraid to comment, fearing that it'll get lost in the many comments already on the post - I go through every single one and collate them all - so ask away! +Suppose I have a naked AMZN 3100P expiring 3/18. It is ITM but with extrinsic left so the risk of early assignment isn't great. However, because I only have $150k in my account (and not cash, but in holdings such as SPY MSFT AAPL etc), if for some reason the put is early assigned I have no means to buy it. How will that work? Will my margin just automatically buy all of it? Will it liquidate my holdings to pay for some of the margin? Does anything change if I buy an OTM put, say a 2100P 3/18? + +Thanks in advance. + +&#x200B; + +Edit: Sincere thank you to those who actually posted helpful responses such as call my broker, and what would actually happen to answer my question. To the other 97% of Captain Hindsight responders and their faithful companions Coulda, Woulda, and Shoulda, I also thank you to a slightly lesser degree. Will learn lesson for next time. +Seriously what the fuck is this shit. Every loss porn now is some retard proving wealth is largely generational, because left to their own devices they would absolutely be in poverty. + +There is nothing funny or interesting about it. How the fuck do you lose 300 thousand dollars in 3 months the second you take control of your portfolio? I mean, literally how do you do it. Nobody even post positions in these fucking threads so I have no idea. + +I used to think it was asinine that the government was trying to regulate retail to protect them from themselves, then I see you retards come to a cult you think is about losing money and start throwing hundreds of thousands of dollars it took you over a quarter of your lives to build up into the pocket of Havard graduates who actually got a degree and spent 5 seconds to learn anything and get a job at GS. + +This is going to blow your fucking mind but Wall Street Bets is a sub about making money. Despite how the memes have taken over, the entire idea here is we actually make money. Don't respond to this comment with a shitty joke about how your account is red or some dumb shit. If you have never seen green on your account, liquidate it right now, take your money out of banks, put it under pillows, and accept your loss to inflation because you are too dumb to function and handle money beyond the level of a caveman hoarding rocks. + +Can we get a return to people actually making money, and actually having any idea whatsoever as to why they do the things they do...or even how a fucking option works. Jesus H tap dancing mother fucking Christ. + +Position USO 80 4/30 C +(This is my first post, so sorry if this type of story shouldn't be here) + +Some months ago, my friend, let's call Marcus, was in the market for a new car. Marcus wanted to buy one from a dealer, as he didn't want to deal with the possibility of his car breaking down and needing thousands in repairs. An important thing to note about my friend is that, around age 20, he has absolutely no credit history, which impacts his buying decisions. + +With no credit history, my friend doesn't even attempt to apply to a loan from a bank. No, instead he goes to *one dealership* in total who's motto is "Bad credit? No Credit? No problem!", and ends up buying a 2011 vehicle at $12,000, paying approximately 5,000 *MORE* than what it's worth at a typical dealership. + +The kicker? + +**23% APR.** + +Yes, he is paying higher-than-average credit card rates on a car he over payed for, all because he could afford the $200 payment every other week. + +Moral of the story? Even if you don't have credit, try and apply for a loan, if it's a relatively small one, and you have a good job, some banks would be willing to work with you. Second, don't look at the payment amount alone. APR is what really matters, and right now he's going to pay far too much in interest on a car. Finally, shop around. 9 times out of 10 you're going to find a better car for cheaper price. When you're spending thousands of dollars, it's worth the little extra time to look around. Please don't be like my friend, please be smart. + +&#x200B; + +Edit: This predates the pandemic, as i believe he bought it around February or so, before any market crashes. + +Edit 2: Another incentive for him buying the car is that it came with a 2 or 3 year warranty, that covers all the major components and him having to pay nothing. +What kind of side business and how much are you earning from it? What's your story? How do you find the energy and time to start and maintain it after a long day at your full-time job? +&#x200B; + +[Banner submission by u\/Kidette](https://preview.redd.it/n7gc6x4lcmx61.png?width=1600&format=png&auto=webp&s=6efab1f1d6231c3e2e6f3c1139cb88d7582c0a55) + +# Good Morning Superstonk!!! + +&#x200B; + +It's Friggin Flair Friday!! But not just any flairs... + +**YOU GET A VOTE FLAIR... YOU GET A VOTE FLAIR... EVERYBODY THAT VOTED GETS A VOTE FLAAIIIRRRR🚀🚀🚀🚀🚀🚀🚀🚀🚀** + +&#x200B; + +[VOTEHYPEVOTEHYPEVOTEHYPEVOTEHYPEVOTEHYPEVOTEHYPEVOTEHYPE](https://www.reddit.com/r/Superstonk/comments/n6izbz/dr_trimbath_told_us_how_to_defeat_the_final_boss/?utm_source=share&utm_medium=web2x&context=3) + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# 🚨BREAKING NEWS- NSCC-002 POSTPONED UNTIL JUNE 21🚨 + +# + +[More time to buy the dip ](https://preview.redd.it/8g25svjrqpx61.png?width=2000&format=png&auto=webp&s=27de1765464eaf61e7b86ab6e568821354094bd2) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [MORE BREAKING NEWS- Audible announced for Naked Short and Greedy, recorded on behalf of Superstonk, with 20% of proceeds going to the Dian Fossey Gorilla Fund](https://www.reddit.com/r/Superstonk/comments/n71vy9/apes_change_the_world_superstonk_is_donating_time/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [Update: Dave Lauer AMA transcript is now live. This mod team kicks ass!!](https://www.reddit.com/r/Superstonk/comments/n7234n/david_lauer_ama_transcriptsummary/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Top Story- The Congressional Hearing + +&#x200B; + +[iiiit's been... 3 weeks](https://preview.redd.it/8ncacq0memx61.png?width=640&format=png&auto=webp&s=08974e095c3672312fe2c1a78930c3bba1167023) + +# Quick rundown: + +* [Rep. Jim A. Himes isn't getting a lot of love for his comments](https://www.reddit.com/r/Superstonk/comments/n6do8a/rep_jim_a_himes_is_a_disgrace_to_the_american/?utm_source=share&utm_medium=web2x&context=3) 👎 +* [Neither is David Scott](https://www.reddit.com/r/Superstonk/comments/n6bwe3/fuck_this_guy_how_do_we_hold_social_media/?utm_source=share&utm_medium=web2x&context=3) 👎 +* It's worth another bulletpoint to point out how much those 2 guys suck \^\^\^\^ +* [Trey Hollingsworth's Feed disappeared just as he started talking about Dark Pools, without another wor](https://www.reddit.com/r/Superstonk/comments/n6gmlr/the_full_unedited_segment_of_trey_hollingsworth/?utm_source=share&utm_medium=web2x&context=3)d +* [Al Green just absolutely fux](https://www.reddit.com/r/Superstonk/comments/n6c6c2/al_green_a_penalty_of_700k_compared_to_a_business/?utm_source=share&utm_medium=web2x&context=3) +* [The CEO of the DTCC said some things that are open to interpretation](https://www.reddit.com/r/Superstonk/comments/n6epps/head_of_dtcc_just_confirmed_short_positions_did/?utm_source=share&utm_medium=web2x&context=3) +* [.... He also made a statement that proves Vlad lied under oath back in February](https://www.reddit.com/r/Superstonk/comments/n6i1k5/did_vlad_do_a_perjury/?utm_source=share&utm_medium=web2x&context=3) +* [Rashida Tlaib says the word "Citadel" like 11 times in 5 minutes](https://www.reddit.com/r/Superstonk/comments/n6g388/rep_rashida_tlaib_raises_really_good_points_about/?utm_source=share&utm_medium=web2x&context=3) +* [Dennis Kelleher is an OG like always and deserves a follow on Twitter](https://www.reddit.com/r/Superstonk/comments/n6f6do/can_everyone_go_to_twitter_and_show_dennis/?utm_source=share&utm_medium=web2x&context=3) + +[That'll do!](https://preview.redd.it/s7jphsmiomx61.jpg?width=950&format=pjpg&auto=webp&s=3a7b4341a434e6db67165dae698d1c4f08f7e39d) + +**Here's** u/Bye_Triangle\*\*'s take on Gary Gensler:\*\* + +While some found yesterdays hearing to be, less than productive. I found it to be incredibly tit-jacking. For the first time, we got to see our boy Gary "The GameStopper" Gensler (as I like to call him) in action... + +After all of the rumors that Gary Gensler was gonna' be our guy, I was pleased with with the sentiment he seemed to convey. I really got the feeling that we share similar interests in this. + +**These were my top three GG moments:** + +1.[This next one completely destroys all arguments that this subreddit or the language we use (such as We or Us) is "Market Manipulation" So that FUD is now dead (1:14)](https://youtu.be/vX2X8xxHEns?t=4448) + +2.[Gary Gensler says that The Sec has a responsibility to protect us from shills. Also, here he insinuates that that all we are doing here is exercising our free speech (1:18)](https://youtu.be/vX2X8xxHEns?t=4717) + +3. [Gensler touching on Payment for Order Flow (PFOF) and how it can end up being opposed to the retail investors best interests](https://youtu.be/vX2X8xxHEns?t=4382) (1:13) + +**Honorable mention:** [**The submitted written testimony is definitely worth a read**](https://www.sec.gov/news/testimony/gensler-testimony-20210505?utm_medium=email&utm_source=govdelivery)**!** + +&#x200B; + +[GG's got our back](https://preview.redd.it/3kxcl49rmmx61.png?width=720&format=png&auto=webp&s=a0fe683c1cb073848ab104a97bf62a52293a3760) + +I am extremely excited to hear more about this "meme stocks report" that the SEC is going to put out "in the summer", that is where the really juicy stuff is going to come from the SEC... + +Till then we continue to HODL, waiting for the slow-moving bureaucracy to catch-up. I will highlight something Dave Lauer said in his AMA to remind us that the SEC is going to help and is our friend here: + +*"They don't move quickly, if there's anything that I can tell you-- It doesn't mean that they're being incompetent, or deliberately dragging their feet. They're a government regulator and they move extremely slowly ." -* u/dlauer + +These things take time. I am impatient though, so I am going to keep buying more while we have to wait. + +NOT FINANCIAL ADVICE🚨 + +# Back to you, u/PinkCatsonAcid! 🦄🐈💎🚀 + +[We love u\/Dlauer ](https://preview.redd.it/lh1c691p5mx61.png?width=602&format=png&auto=webp&s=be53011914dc49535fd3d2196bdb902c4f0e2aa7) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Worth repeating: Control numbers, voting, and Carl Hagberg!!! + +*This is a copy paste of the "Rock the Vote" post.* + +**The focus of the sub from now until June 9 is going to be** ***VOTING*** + +We don't make claims about catalysts around here. So I'm definitely NOT telling you that this could be the catalyst. + +But the importance of exercising your right to vote cannot be understated. **THIS IS OUR ONE SHOT TO PROVE TO THE SEC AND EVERYONE ELSE WHAT IS HAPPENING. GAMESTOP NEEDS OUR HELP!!** + +Fidelity users, TDA, WeBull, Vanguard, Schwab, and more all reported being able to get their hands on their control number and vote as of yesterday. Feel free to drop a comment below if you have already voted and want to show that off!! **WE ARE GIVING AWAY VOTED STICKERS (FLAIRS) TO EVERYONE THAT HAS VOTED!! 🚀🚀🚀🚀🚀🚀** + +Be sure to check your inbox and contact your broker if you have any questions. And also be sure that if you have multiple brokerages accounts, you will need to get a different control number for each one. So if you carry shares in 3 different brokerage accounts (I do, cuz I don't trust a bitch) then you will have 3 different control numbers and will be voting 3 different times. + +**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. + +**Gamestop's Board of Directors is urging everyone to vote as soon as possible.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +🐈 **BUT PINK, WHAT IF I HAVEN'T GOTTEN MY CONTROL NUMBER YET?! 🦧** + +**Well, did you...** + +* Check your broker inbox for proxy info✔ +* Check your email✔ +* Send a message via your broker help/chat interface✔ +* Call your broker and request your control number✔ +* Look around the comments and other posts to see if any resources have been shared that might help you in your search✔ +* Check your broker's website for an FAQ- Many have a landing page with GME specific proxy info✔ + +Keep in mind some brokers just haven't issued them yet. And some are anticipating up to a week or longer wait before you can vote. Geez, it seems almost like they're having trouble finding the shares to vote or something. 🤔 + +**I can confirm that Robinhood and TDA are issuing control numbers that come up invalid when you enter them in the official Gamestop proxy website. I don't know what that means. I am still investigating why brokers seems to have their own landing page for proxy voting. Idk am not computer nerd, am just pink cat 🤷‍♀️ I can't wait to see what Carl has to say about that!!!!** + +[More info from Euroapes trying to vote!!](https://www.reddit.com/r/Superstonk/comments/mwpqdf/europoors_what_needs_to_be_done_to_be_able_to/?utm_source=share&utm_medium=web2x&context=3) + +[And a report from Degiro](https://www.reddit.com/r/DEGIRO/comments/n4kn6t/degiro_refuses_to_give_out_control_numbers_to/?utm_source=share&utm_medium=web2x&context=3) + +[An important word from our Mod](https://www.reddit.com/r/Superstonk/comments/mxhcnq/beware_phishing_scams_are_trying_to_steal_your/?utm_source=share&utm_medium=web2x&context=3), [u/StonkU2](https://www.reddit.com/u/StonkU2/) about online safety with your proxy vote + +&#x200B; + +[Oh Lawd they Votin](https://preview.redd.it/wcqbux30vlx61.png?width=900&format=png&auto=webp&s=3c1161f45cf24edf40a13319a003bfd20c2f4cac) + +**As with anything, nothing changes if you don't VOTE!! 💪** + +# 📣📣Speaking of the importance of Proxy voting...📣📣 + +&#x200B; + +**Do you apes wish you knew why we keep talking about voting being the most important play right now?!** + +**Do you wish you could ask someone what proxy voting is?!** + +**DO YOU WISH SOMEONE WOULD JUST COME AND EXPLAIN WHAT THE HELL ALL THIS MEANS?!** >!Yes please dear God!< + +**You really loved having Queen Kong, Dr. T on our Superstonk Live YouTube. Now it's time for you to meet** [**~~your Swedish Grandpa~~**](https://www.reddit.com/r/PewdiepieSubmissions/comments/kkc6k5/my_swedish_grandpa_tried_lingonberry_g_fuel_for/?utm_source=share&utm_medium=web2x&context=3)**, Retail Shareholder Rights Expert, Mr.** [**Carl Hagberg**](https://optimizeronline.com/about/) + +&#x200B; + +[OG Carl](https://preview.redd.it/i1u4c075vlx61.png?width=1024&format=png&auto=webp&s=222e4c304ced8bddd12c2120bd7153928369b472) + +*"Mr. Hagberg is considered to be one of the nation’s leading experts on individual stock ownership programs. He has helped over 100 companies (including companies and government agencies in several Eastern European and Central Asian countries) to launch, improve or remarket programs aimed at customers, employees, existing stockholders and other affinity groups.* ***He is also considered to be a leading expert on the proxy voting process and has served as Independent Inspector of Election, both in contested and uncontested situations, at over 300 annual and special meetings of shareholders."*** + +Just like Dr. T and many of the others I first learned about, I first saw Carl while watching the MANDATORY DOCUMENTARY FOR ALL APES, [The Wall Street Conspiracy](https://youtu.be/Kpyhnmd-ZbU) + +. This documentary first made its rounds in the subs in early February during the bleeding red days, and it really helped me gain some perspective. **I'm serious I will give you a 💩 flair if you don't watch this documentary. Watch it and learn of the apes that came before us.** + +[Upon Dr. T's recommendation, everyone needs to read this comment from Mr. Hagberg to the SEC regarding overvoting!🚨](https://www.sec.gov/comments/4-725/4725-4611649-176367.pdf) + +**We are honored and thrilled to have Mr. Hagberg in time to discuss these issues before the annual meeting on 6/9 ( ͡° ͜ʖ ͡°)** + +# 📢This GAME CHANGING AMA with Carl will be Wednesday, 05-12-2021 at 4pm Eastern. Details to come! 📢 + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +# A note after speaking with [u/Atobitt](https://www.reddit.com/u/Atobitt/) + +As you all know, Atobitt is going to be our host for this **GAME CHANGING AMA** 💯 + +He spoke with our guest on the phone earlier today to do a bit of a walk through before show time next week. He came back so excited he could hardly get a word in. He wanted me to express the urgency and attention we need to pay Carl and what he will be telling us. + +After speaking with Carl, Ato had this to say "I'm literally not worried about any of this anymore, I am now Zen". **THIS IS HUGE!** + +# JUST LIKE WITH DR. T... IF [u/ATOBITT](https://www.reddit.com/u/ATOBITT/) THINKS THIS IS A GAME CHANGER, THEN I AM JACKED TO THE TITS 🚀🚀🚀🚀🚀 + +# Change is coming + +[Artwork by u\/Bye\_Triangle ](https://preview.redd.it/ak07heqwtlx61.png?width=1000&format=png&auto=webp&s=9dbbfdd6ecaaae239bbec6de68287df2c1c0ae58) + +# Good Vibes from Pink Cat ☮✌💖🚀🌝🐈 + +You heard Gary Gensler's statement about social media (dat us). He actually *confirmed* the fact that there are bad actors present online trying to sway public sentiment. **FUD and shills are a real thing. The American government is acknowledging it. There wouldn't be so much attack 24/7 if we weren't on the verge of something incredible.** So I urge you to always ignore (but report) the FUD and the attacks. And continue to live by the Ape's Creed of being excellent, and ape no fight ape. Remember the squeeze will not make us better people. That starts now. + +&#x200B; + +**WE HAVE BEEN LEGITIMIZED ON RECORD, IN 1 OF THE HIGHEST JURISDICTIONS OF THE WORLD-IN OUR STRUGGLE WITH FUD, AND IN OUR RIGHT TO GATHER HERE AND DISCUSS FREELY AS A GROUP. PLEASE TAKE SOLACE IN THAT.** + +&#x200B; + +# THE LAST 5 MONTHS HAVE BEEN LEGITIMIZED. + +# Like Dr. Burry said- I may be early, but I'm not wrong. + +&#x200B; + +Hopefully by now we all realize that we are in charge of defending this golden think tank that has been likened to the city of Athens. We are fostering and nurturing knowledge and growth that is going to *change the trajection of human history*. Look at the caliber of people that are coming to speak to us in our AMAs and helping us address the issues of fraud in our economic marketplace and naked short selling. **Do you think all of this progress would be happening if we were crazy? Especially happening this quickly? We did sign up for a rocket trip, after all.** 🐱‍🚀🐱‍🚀🐱‍🚀 + +**Don't gamble more than you can afford to lose. Make sure GME isn't your life plan. Eat as healthy as you can afford. Drink lots of water. Get a little sunshine every day. Hug your family, your pets, and your GME extra tight every day. And make love, not war. ✌💖🦄🐈** + +&#x200B; + +https://preview.redd.it/k3qxvkm22mx61.png?width=554&format=png&auto=webp&s=e1cff2384ccb99110362b5c80b222776b51e4c2d + +**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. + +[Have a nice fuckin weekend!! ](https://preview.redd.it/cyzt4f6nnmx61.jpg?width=539&format=pjpg&auto=webp&s=a8e2d358d42f20de4c45443adf72b9d99d189370) + +**Reddit down, wot do?** + +Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary. + +[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99) + +[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid) + +[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) + +# 🚨 ... AND VOTE!!! 🚨 + +P.S. We are going to work through all the flair threads through the weekend and make sure everybody gets their voted sticker/flair!! 💖💖 +Crypto is incredible. It really is. And I love being part of this space. But I think it would be a magnificent thing if we refocused just for a second away from lambos and turned our attention towards something that can really make a difference on a smaller level for someone we may never know. + +Every year my wife and I pick out a charity on Amazon and donate toys using some of the money we would have spent on each other. I challenge you, EthTrader, the most Gentlemen of subreddits, to do the same. It doesn't have to be huge. We've had years where we could only do $20 each. But I think doing this is worth more than any dollar amount could be. And I know, man- a lot of you guys have families you gotta provide for and your own kids to look after, and I get it. That's ok. But all it would take is you not buying that case of beer one weekend and you can make this difference. + +And it doesn't even have to be a children's hospital- just any charity, any item they have listed. I know when I was a kid one year all I got for Christmas was donated items, and almost a decade later when I finally thought back about it and realized what had happened, it hit me on such a personal level that a complete stranger took the time and spent the money to make sure I got toys for Christmas. + +If we start now, we can get some of the stuff to these kids before Christmas actually arrives. + +To do it, just go to Amazon, and under "Account and Lists", click "Find a List or Registry". Search for something. Anything. And make it happen. + +**Please make sure you pick the Charity's shipping address and not your own lol** + +I just think that if this can be gentlemen for us, then we can make a this is for someone else for just a minute or two, as well. + +[This year we picked a children's shelter.](https://postimg.org/image/94wotiymt/) + +Thank you, Gentlemen. +In the last two days or so, I have noticed a sudden uptick in anti-MOASS sentiment. I wanted to take a little time to go through this latest FUD campaign. You probably saw different variations attached to low effort, stale memes like: + +&#x200B; + +>"*MOASS is not a guarantee anymore you guys!!1!"!!"* + +MOASS is inevitable. + +&#x200B; + +>"*If MOASS doesn't happen, GameStop is still a good long term investment you guys!1!"!!!!"* + +MOASS will happen AND Gamestop is a good long term investment. + +&#x200B; + +>"*Ryan Cohen is leading us on!!11"! How come there was no AnNNOunCemEnT on July 4th?!!?12?"* + +Ryan "judge us by our actions, not words" Cohen? get outta here... + +&#x200B; + +>*"When I tell people about MOASS people tell me I'm crazyyyyy!!"1!"2 But I trust in the tweets of Cohen hHAhahHA!!1!"* (as if there isn't a MOUNTAIN of verifiable DD) + +The tweets are BULLISH, don't get me wrong, but its the DD that you should trust. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +So lets put down a Timeline which will also function as a table of content: + +1. **Leadup Hype to July 4th** +2. **"Disappointment" about no Announcement** +3. **Aftermath and near full activation of shills** + +# 1. Leadup Hype to July 4th + +**Any further mention of "we" is used so I don't have to write a sentence to describe this subreddit, it got tiering after a while so here is the disclaimer <3** + +So at this point I'm convinced that the Hype about the dividend was hijacked and amplified with very questionable theories and weird conviction of the validity of those theories. + +They were setting up another emotional Pump and Dump. We have seen those countless times but this time they had a prepared menu of shit that they wanted to shove down our throats. + +One of those things was to break our unshakable bond we have with Ryan "Big Poppa" Cohen. + +They wanted us to believe that the July announcement was a forgone conclusion and "THerE iS NO OtHerR OptIoN JusT loOk At HiS TWeeTS!1!! And GaMeStOp EMpLoyEe CONFIRMED IT". + +The Employee never mentioned a date, he just speculated about an incoming announcement. + +Not gonna lie, I was hyped, but not only because of the announcement. The thing is I'm ALWAYS hype and NEVER disappointed because I'm invested in the BEST COMPANY IN THE FUCKING WORLD. + +So after they hyped the living SHIT out of this date which started with "hey the 4th is a holiday so they will probably announce it july 1st or 2nd" after nothing notable happened the distrust was slowly seeded in "ohh yeah its CALENDAR DAYS its fine guuuysss on the 4th SURELY he has an announcement" + +So what happend after july 4th and there was no announcement? The stage was set and the shit was slowly cooking in the background. + +# 2. "Disappointment" about no Announcement + +Ryan Cohen tweeted and beside that nothing notable happened. After I observed for a bit, I realized that Ryan was trying to reel us back in and at least acknowledge the narrative, so we aren't let down too much (which is impossible because we are invested in the BEST COMPANY IN THE FUCKING WORLD). After that rather uneventful July 4th the shills started creeping up again and the FUD kicked into next gear. We saw "disappointed apes" pop up suddenly and question if Ryans other tweets were "just a ruse too, because look nothing happened here and we were PrOMisEd an announcement!1!1!!". I also saw an uptick in general skepticism in almost every DD and data point we aggregated here at our beloved Superstonk. ("WhAt ElsE waS I WroNg AbOUT?!?!") + +In the meantime we saw some weird shit go down in another corner of reddit and one thing caught my eye. After the "joke" was cleared up there was a sentence which said something to the effect of: + +*"As we enter the second half of 2021, let this be a reminder to always read everything with a skeptical mind and to seek out as many different viewpoints as possible before jumping to conclusions. Be especially careful of confirmation bias and echo chambers."* + +HMMMMM sounds like someone wants people to be less trusting, and go to different places to get a different perspective. Was this subtle brigading bait? Or just a try to get more traffic to subreddits shills have more control over? Or maybe create a state of confusion so the july 4th will be harder to navigate because of all the stuff going on? When people encounter novel situations, they tend to be more careful and this was probably a try to create further confusion, or it was just a really shitty attempt at a joke haha good one guys so clever. + +# 3. Aftermath and near full activation of shills + +Which brings us to today. Shills are in full swing and they come in different flavors. + +**The low level rude shill:** + +This is the shill you are supposed to find, so you feel like a clever ape who has his guard up! You found them all right?! They want to give you a false sense of security, so you think you catched them all. + +**The suddenly concerned and distrusting shill:** + +Those are the "MOASS is not guaranteed anymore guys! Look how many catalysts we had and nOtHiNg HaPpeNnD", "Ryan Cohen cant be trusted anymore!", "The DD is flawed guys! else we would have squoze already!!", "If Moass doesn't happen at least we have the long term growth potential of gamestop, RigHT gUyS?!" + +They will try to make people second guess the DD, they will try to make people second guess Ryan Cohens intentions. They want to make you "Be especially careful of confirmation bias and echo chambers". + +**The bait and switch shill:** + +They will first lure you in with kind of good vibes and than slowly but surely link you to different subreddits with FUD, I've seen some people linking other subreddits WHICH IS BRIGADING AND IS STRICTLY AGAINST THE RULES. + +Some will try to make it seem that you can only invest in GME for one reason, either MOASS or Long-term (look up black or white fallacy). But I have multiple reasons and GameStop's fundamentals and MOASS complement each other which makes GME the best investment in our lifetime (in my humble opinion). This company with this Leadership is redefining what it means to run a company. It doesn't matter why you bought in or why you are holding, we all want to see GameStop succeed and shills do not want GameStop to succeed, that's the dividing line. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +The list goes on some of these shills are just relentless because its their job to be that way. They will not stop spouting their bullshit, but at the end when you ask them for evidence or any coherent argument they will just deflect or call you stupid or link to another subreddit. + +I also noticed that it probably takes some time to organize those campaigns and sometimes when we throw them a curveball, they will most of the time just go ahead with it anyways. The anti-Ryan sentiment was one such thing. They really thought they could break this bond... silly shills. + +They are SCARED, its obvious and everything they have left is playing with emotions. The DD is rock solid, the math was quintuple checked from every angle. + +**SHORTS. DID. NOT. COVER.** + +**MOASS. IS. INEVITABLE.** + +Trust your conviction, read the DD again if you want a refresher (I read the TL;DR because I don't last that long and PornHub just doesn't do it for me anymore). + +I just wanted to do this writeup to bring some clarity to the situation and because I cant sit still while my home is being attacked. So in that spirit, see you on the other side, I appreciate every single one of you <3 + +# Power to the Players + +&#x200B; + +EDIT: Just wanted to emphasize the point some people make here. GameStop is an asymmetric bet with virtually no downside. Why? Because the fundamentals are so fucking good, that if you have a long time horizon this stock will 100% print money guaranteed. So there is next to NO RISK to buying and holding. I mentioned in the post that the MOASS is inevitable BECAUSE the fundamentals are so strong. Else there would be an expiry date to holding but with GME THERE IS NONE. Compare that with other stocks, which are shorted too, but just don't hold a candle to GameStop's fundamentals. GameStop is making a miracle turnaround, because of Ryan Cohens leadership. NO OTHER STOCK HAS THAT TURNAROUND STORY, ONLY GME. The reason the other stocks are shorted still apply. But GameStop is a completely different company from a year ago. + +We cant lose, its impossible. This is not over I know, but they CANNOT WIN as long as we buy and hold which is infinitely easier when the fundamentals are as strong as GameStop's. The shills can talk shit all they want. But we all know these guys at least own a share, they all do. They just cant say it out loud, because they will get fired. The shorts only have a naked king, we have 6 pawns storming the board and about to become queens. Just keep pushing those pawns to victory baby! + +&#x200B; + +&#x200B; + +EDIT2: First thanks for the support and awards, I just woke up and I am glad that what I wrote resonated with so many people <3 second, after seeing the diamond handed comments, I'm in awe about all of you apes totally unfazed by the fud. To the newer apes who maybe needed a little encouragement, just watch what absolute beasts you have standing with you. Maybe I got caught up a bit too much in this FUD myself. You guys absolutely ROCK, If I wasn't ZEN enough you guys helped me reach it now. Its an honor to be surrounded by people like you. TO ALPHA CENTAURI AND BEYOND! +**Should you buy Apple stock or has the company run out of growth opportunities? What is my price prediction for Apple in the next years? Read until the end as I reveal my price target for Apple and also what I think will happen in the next couple of days, weeks & months!** + +**\~ Warning! Very Very Long Post\~** + +Hello everyone! So, let’s go over some of the latest news on Apple before moving on to some fundamental and technical analysis, predictions and my price target for the stock in the next years. + +So, let’s start with the [news](https://postimg.cc/Xrkwk6rP) that Apple will cut the App Store commission in half for small app developers starting in the next days, this will affect developers who earn less than $1M annually from the App Store Sales. This is likely to lead to a small decline in commission revenues for Apple as around 98% of the app developers will qualify for this tax reduction from 30% to 15%, but all these small developers only contribute to about 5% of the estimated $50B in annual revenues from the App Store, so that would be only a $1.25B loss for the company, that is less than half a % of the company’s total net sales in the last fiscal year. + +Also, these changes may lead to a potential long-term revenue boost, as it is likely this will lead to an increasing creation of apps which will generate more commissions in return. + +Alongside this we also saw the company releasing the new MacBook’s with their first in-house [chip](https://postimg.cc/vc39NF7x), which promises faster video and imaging processing [times](https://postimg.cc/CR5Fmj5V), with both [CPU](https://postimg.cc/Y4yLdrMd) and [GPU](https://postimg.cc/xJz8gLsd) performance up to 2 times faster than the latest PC laptop chip using just a fraction of the power consumption, with both of the macbooks promising big improvements in [battery](https://postimg.cc/1fp6y1rz) life. Apple is also [expected](https://postimg.cc/GHrtJ8vc) to roll out even more in-house chips in future products, as they have started the 2-year breakup with Intel chips. + +We also saw Morgan Stanley [upgrading](https://postimg.cc/bZ5qMsSS) their base case to $191 at the end of November, as they have cited record lead times, supply chain forecasts and carriers demand as they expect that the company will sell around 270M iPhone in fiscal year 2021, that’s 50M more than the consensus and almost 30M more than the previous estimate of Morgan Stanley, with an average selling price of 842$, 9% more than the base case, as people tend to chose the more expensive and high tech versions of the lineup in this new 5G cycle. + +The 5G super-cycle, which I believe is on the way, and will continue in the next years, as 5G become more available worldwide, could still be the biggest thing coming right away for the company with 5G smartphones [expected](https://postimg.cc/LJptP88f) to surpass 4G sales by 2024, with the average sale price of the 5G phones also coming down, helping them become more popular. This will also be helped by the recent entry to the Indian [market](https://postimg.cc/7fV6BHNS), as India will probably become the world biggest country in the next decade, this could be a huge opportunity for Apple to start and take away market-share from their competitors like Samsung and Xiaomi which have the biggest market shares right now. + +They also [released](https://postimg.cc/PpWhPy31) an update iPad Pro and an all-new iPad Air in September which will also boost sales in this work-from-home environment that will keep the demand very high for this kind of products, just like the Macs. Alongside the increasing demand from the Wearables, Home & Accessories that include Air Pods, Apple TV, Apple Watch, and many more products. + +But the biggest reasons I believe Apple is poised for continued growth, is primarily due to its services business, as they start to offer more and more services like the Apple ONE [BUNDLE](https://postimg.cc/4777MD3s), which include up to 6 services from (Apple Music, Apple TV+, Apple Arcade, Apple News+, the new Apple Fitness+ and the iCloud service) for a pretty reasonable price in my opinion [starting](https://postimg.cc/BLkDnqzj) from 15$ up to 30$/month, this could be a great option for families and even individuals who use their services a lot. + +The latest services, [Fitness+](https://postimg.cc/cKV4KrsG) just launched in the past days, and is a direct competitor to the likes of Peloton, as the service is available on the iPhone, iPad or even Apple TV. This also makes consumers buy the Apple Watch which syncs to the other devices to show you different information. The Fitness+ app just on its own is 8$/month or 80$/year which is less expensive than Peloton subscription which charges 13$ or even traditional gyms like Planet Fitness at 10$/month. + +I think this will be the fastest growing sector for the company, as this aligns with the new macro trends, as the world is moving more and more to a digital approach to almost everything as consumer preferences, with more & more younger people reaching the point in life when they use these services start to align to this increasing digital approach. + +We also shouldn’t forget the Apple Card & Apple Pay service among many others which also seem to gain from the move to digital & contactless payments, as this has been accelerated due to the current situation in the past year. + +And one last piece of [news](https://postimg.cc/k6BKCVTr), and the most recent one, is that Apple may have fast-tracked the Titan project. The Titan project is targeting a 2024 or 2025 push to develop an electric vehicle with advanced battery technologies, that will deliver significant increases in range at much lower costs than the current technologies while also offering self-driving capabilities. + +It’s reported they will not use the same technology as Tesla Full-Self-Driving feature, but will use LIDAR sensors, similar to those that we can find in the latest iPhone 12 PRO. + +I think Apple can go 2 ways with this project, they can either use the huge amount of cash the company has to buy another car-maker like Ford, GM or any other car manufacturer expect Tesla and Toyota which do have a big market cap, so that they can fast-track the potential manufacturing of cars, or they can enter into a partnership with big companies like Tesla, Volkswagen or any other car marker to either produce cars or license their technology to this other car-makers which would ultimately and probably have higher margin-returns than the effective manufacturing of cars. Apple’s current overall [gross margins](https://postimg.cc/ykv1mfVP) stand at 38% vs the 15% average of the world top 10 automakers by market cap, which is significantly lower. + +But this Apple Car thing is so far out, and there are so many unknowns, I will not try to predict anything related to this until there is more clarity on the subject. + +And last, before moving on to some predictions, here are some of the highlights that we heard from the latest investors conference meeting, as the CEO, Tim Cook [expressed](https://postimg.cc/TyhpLzgg) optimism ahead with the launch of many new products and services, especially the Home Pod Mini and the new 5G iPhones, as these new iPhones include new LIDAR scanners that greatly improve the camera capabilities, as the iPhone as seen very positive reviews. We also saw the Senior VP and CFO, Luca Maestri give us great [outlook](https://postimg.cc/DWDmqxPD) for the company as they expect the installed devices base to continue to growth despite already being at an all-time high as they have over 585M paid subscriptions on their platforms and expect this to surpass 600M by the end of 2020. + +I also researched and found what products we can see in the near future, with the first half of [2021](https://postimg.cc/jCBQsXVM) bringing new iMacs, the AirPods3 and the iPad Pro, while in the [FALL](https://postimg.cc/8jVJKngg) event we will probably get the new iPhone 13 alongside the iPhone SE PLUS and the Watch Series 7 with more products coming [later](https://postimg.cc/GHc3s01t) in 2021 or that don’t have an estimated release date like the Air Pods Pro, the Air Tags and the iPad Mini 6. + +So, before even starting, you should know that I am bull on Apple but I am willing to hear other opinions so don’t be afraid to leave a comment down below. + +I have made some predictions based on the growth rate of the [company](https://postimg.cc/JHRDpPGQ), the latest plans announced by them and used some estimates. So, keep in mind this are only projections and are calculated by myself, this is not an investment advice and you should do your own research. + +This are my 2025 projections for Apple, let’s take a closer look at them, each on their own. + +So, in term of revenues, Apple has 5 big sources of income, which saw an overall increase of 6% despite lagging sales in the iPhone. The biggest revenue is by far the iPhone right now with over $137B in revenue in the fiscal year ending in September. I expect to see the iPhone sales increasing in the next years, especially in 2021, with the new 5G iPhone creating a super-cycle for the [company](https://postimg.cc/XGfBKT7J), as most iPhone users, including myself here, as I will upgrade from my iPhone X, will switch to this new product. The iPhone sales have decreased in the last couple of years by 14% and 3% as a result of the product not having big improvements, as well as iPhone usually starting to last longer than previous models, so I expect to see a 12% increase in sales next year and a gradual decrease in the growth of sales as more people upgrade, ending with just a 5% growth in iPhone [sales](https://postimg.cc/V0wfRpr7) in 2025. + +The next revenues stream is from the Mac, which has seen an increase in the past 2years, with revenues topping $28B this year after the huge demand from the work from home consumers. I [expect](https://postimg.cc/1405tm2b) this trend to continue as they plan to continue to launch better products and I can see the company having a similar growth next year before starting to decline slightly until 2025, also ending with a 5% growth. + +The iPad is currently the smallest revenue stream for Apple but has also seen an increase in demand in the past 2 years with a 13% average increase in revenues. I also expect the iPad to continue to grow in the next couple of years, especially with the learn-from-home environment for kids, and even after this period ends, the transformation for learning will implicate more digital usage. I [expect](https://postimg.cc/5XKtVsT0) the iPad to see some similar growth to the Macs, especially with the latest generation also bringing a new iPad air to the market. + +The 4th revenue stream and the fastest growing in the past 2 years, with an average growth of 33% are the wearables, home & accessories revenues. This have topped $30B this year, as Apple has also just launched the Apple Watch series 6 and also feature other great products like Apple TV, the Air Pods the Home Pod and the Home Pod mini alongside other third-party accessories. + +I gave this [revenue](https://postimg.cc/v4C4JQ4T) stream a growth of 20% starting next year with a gradual decrease to around 8% by 2025, as I believe this will become more & more popular as they start to offer more vertical integration. + +And last, but by no means least, the revenue stream that I expect to grow the most and the fastest is the revenue from the services that Apple offers. This includes revenues from Apple Care, Advertising, Cloud Services, Payment Services like Apple Card & Apple Pay and of course the digital content which includes fees from the App Store alongside subscription-based income including the new Apple One Bundle and Apple Fitness+ alongside the already know Apple Arcade, Apple Music, Apple News+, Apple TV+ and hopefully I don’t forget any others. + +So, I [expect](https://postimg.cc/svV7mDWR) this to become the clear 2nd biggest revenue stream for Apple by 2025, as I expect this to grow more than 20% next year, mainly due to the Apple One Bundle and Apple Fitness+ followed up by a slightly decreasing growth, ending with a 10% increase in revenues in 2025. + +I think this are fairly conservative base case scenarios for the revenues, as I expect them to continue to increase the [other](https://postimg.cc/1VFFgkxJ) revenue streams and not have such a large percentage of the revenues coming from the iPhone sales as you can see in this chart. + +In terms of expenses, I pretty much kept the same margins as in previous years, with a 68% expense ratio on product sales \[ [iPhone](https://postimg.cc/JDZ7jMnD) / [iPad](https://postimg.cc/Wd14CB9C) / [Mac](https://postimg.cc/q6GkZw2p) / [WHA](https://postimg.cc/211q9q8g) \] and 35% expense ratio on [SERVICES](https://postimg.cc/8sdLLrjH), as this are way more lucrative. + +In the past 3 years, the products [gross margin](https://postimg.cc/ykv1mfVP) was 32.7%, so I actually imply bigger expenses for the manufacturing and sales of products, as this is mostly impacted by the company’s supplier’s ability to make up for and demand, while for the services revenue, the gross margins for the last 3 years has been 63.5% on average, but I expect this to be more in-line with the 66% margin in this past year. So, if services manage to grow to about half the revenues from the iPhone, this will effectively double the gross revenues, as every buck gained in the service revenues account for 2$ in the product sales. + +So, I expect the total [revenues](https://postimg.cc/sMjByQ2n) for Apple to increase from $274B in 2020 to over $440B by 2025, increasing by approximately 10%/year, while I will keep the expense ratio pretty much in-line and have them increasing by 11%/year, this would bring the total gross income for Apple to $177B, increasing mainly due to the services revenues as I said earlier. This growth is just above the 4year [average](https://postimg.cc/Tp8g83mS), and below the 2018 levels, which we might see again with this 5G super-cycle and explosive growth in the services revenue. + +I also think the company will continue to invest in both Capital Expenditure and Operating expenses. + +I think the operating expenses will remain pretty much in line with the [previous](https://postimg.cc/2qBCfrnc) years, as this number has increased by 1% [annually](https://postimg.cc/Fd5JL9v8) both in R&D and SG&A. So, I will keep the exact percentages from previous years, as I expect the revenue to increase, thus I don’t see a big increase percentage wise. This would account for over $60B in operating expenses by 2025 and over $11B in Capital Expenditures by 2025, as I expect this to increase, mainly due to the possible EV developments or investments in self-driving capabilities alongside other manufacturing capabilities. You can see that the Capex [spending](https://postimg.cc/yDsRdpLy) has been decreasing in the past years with just over $8.8B in payments for business acquisitions and the other traditional Capex spending. Some people may use the cash generated by [investing](https://postimg.cc/Mn9nG6Mz) activities as Capex, but that is more unreliable. I also can see the Capex going back up, so I wanted to be safe and implied a 10% growth. + +This money would account for over $73B in [expenses](https://postimg.cc/dZnY91K1) and would bring the profit for the company to almost $104B before interest and taxes. + +Moving on, let’s see what interest income and expenses the [company](https://postimg.cc/cgy0x2ms) has had in the past few years. We can see a decrease in interest expense in the past few years as the company has been paying off debt, but they have also been generating less money in this department, with an overall decrease in this department of more than 50% in the past year, way less than the amount from 2018. So, for safety reasons, I used a 10% decline in both income and expenses [related](https://postimg.cc/QKgtZhZG) to interest, while increasing the other losses by 10%/year. + +This would bring the company pre-tax income to just over $104B in 2025. + +Let’s move on to taxes. I know the Federal income tax rate is 21% for the [company](https://postimg.cc/ykY39pq1), but the actual effective tax rate for the company was lower than 15% in the past year, mainly due to lower tax-rates on foreign earnings alongside tax-benefits and tax-settlements. The average effective tax rate has been just over 16% in the past 3 years, but with more and more of the revenues coming from outside the US, I think it’s safe to say that the company will have around a 15% effective tax rate by 2025, this obviously if nothing major changes in tax policy around the world. + +So, Apple would [have](https://postimg.cc/Wqc3ytKw) $88.6B in income after tax by 2025 and with the current outstanding shares standing at just under 17B, so I don’t even account for the company probably continuing to do share buybacks, this would mean a $5.22 [future](https://postimg.cc/4YytCLwL) earnings/share. And with today’s price for Apple just around 136$, that would mean to [company](https://postimg.cc/RNf1qH44) is trading at just over 26 times forward price to earnings. + +I don’t think Apple will ever trade at a discount again, with the current PE [standing](https://postimg.cc/RqwqHQ6s) at over 40, I believe this will eventually go down, probably to around 35, despite the increase in services revenue, which is highly valued by investors. I think we can see Apple trade somewhere near 35 [times](https://postimg.cc/5H98PKv2) P/E in 2025, especially if something big happens with the EV project, this could be even higher, just look at Tesla which trades at [insane](https://postimg.cc/sBZhxMk5) P/E. Of course, we also have to take into consideration the dividends that will be received from owning the stock, as Apple has started to pay dividends almost a decade ago and has 9 years of dividend growth, with a 10% annual rate of [growth](https://postimg.cc/CnbZMbD2) in the past 5 years. [Here](https://postimg.cc/7CLT1G8C) is the dividend growth history for the company, as I also went conservative on this [estimate](https://postimg.cc/Tp7LcjGr) and implied a 7% growth for the next 2 years, 6% for 2023 and 2024 and just 5% in 2025. + +So [here](https://postimg.cc/R3PK21QQ) are my 3 price targets for the company, [including](https://postimg.cc/JHR8JXvv) dividends but not reinvested. My bear case scenario is that Apple will trade at almost 165$ which implies a [return](https://postimg.cc/jCYzWhd2) of over 21% by 2025, while my base case scenario would see Apple trading at 195$ with a return of capital of 43%. I will also make the bull case for Apple trading at 225$ by 2025 with dividends included, which would imply just over 65% in gains by then. + +I think this is possible as Apple has also [continued](https://postimg.cc/fJj36jMt) to buy back shares of the company on a constant basis, as they continue to an impressive campaign with over $72B worth of common stock repurchased in 2020. They continue to buy back shares at a very fast pace, having repurchased over 1.3B shares in 2019 and 2018, while also issuing less stock every year. + +So here is the full [spreadsheet](https://postimg.cc/Z995KrzL) that I have projected for Apple by 2025 and the breakdown of everything i estimated \[ [1](https://postimg.cc/jCT7qdZJ) / [2](https://postimg.cc/DmcbSkMp) \] , if you do have another opinion or a suggestion please leave a comment down below, I think I have been conservative in most of my projections, but feel free to give your opinion. + +Keep in mind, these targets might sound ridiculous, but just [look](https://postimg.cc/V50nHCSn) at the growth Apple has had in the last 5years. The company has increased in value by more 400% in just the past 5years and is over 100.000% up since it started trading. So yes, the valuation is mad right now for the company. So, are you willing to bet against Apple? + +The company also has pristine [financials](https://postimg.cc/LYcYMxqf), with more than $65B in total assets compared to total liabilities, and more than $38B in cash and cash equivalents. + +So, what do I expect in the next couple of days, weeks and months for Apple? + +Let’s look at this [CHART](https://postimg.cc/7592T1c8), so starting with the stock split, Apple saw a correction within the September stock market pullback, in a buy the news & sell the event, after a huge runup post-announcement of the stock split. The stock entered a consolidation period, and didn’t have any big catalysts, especially with new iPhone lineup not being included in the Q4 results due to the late launch. The stock found some levels of resistance near the $120 levels that it struggled to get past but acted also as support after breaking them just before the recent news of the possible EV developments or self-driving-features to be licensed to other car manufacturers. After that news the stock spiked and has now reached the previous highs made before the stock split and is facing some resistance, if the stock pushes over $140 I think we can officially say that it broke the resistance at those levels and is not just a fake-out. But I think it’s likely that the stock will consolidate between 122 and 135$ in the next weeks until the next iPhone sales and quarterly results are released, as the stock has entered overbought territory again with an RSI over 70, the first time since the stock split. + +So, what would I do? Well, I own Apple stock, and I really believe this company will remain the biggest or one of the biggest in the future, so I would really add on any weakness that the stock shows before the next quarter earnings are released, as typically Q1 [earnings](https://postimg.cc/V5t0FPTF) are the best for the company due to increased holiday sales combined with the launch of new products. I think any entry below 130$ would be really nice to start and build a position or increase it if you already own the stock. As I believe Apple is one of the most stable stocks out there with large institutional [holders](https://postimg.cc/3kqG3XcK) like Vanguard, BlackRock and Berkshire owning over 900M shares each. + +Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! + +Have a great day and see you next time! +To all visitors from /r/all: Please read the explanation at the bottom if you don't understand what's +going on and need explanations on my trades, or what puts and calls are. Thank you. +Three and a half years ago, my favorite uncle died after a short battle with cancer. Up until the moment he +died, none of us even knew he was sick. Uncle Richard was a secretive man who lived a secretive life. He +didn‟t like to discuss his personal matters. We saw him once or twice per year, at family gatherings, +where he usually stood alone in a corner, slowly drinking his brandy and seven-up. +I was one of the few people who took the time to go talk to him. Truth be told, I rather enjoyed his +presence. He was a tenacious listener and he had the gift of always making you feel appreciated. After his +wife died in her late 40s, I think he had some kind of breakdown, from which he never recovered. I know +that he truly loved her and the rest of his life was spent living alone in something he sometimes described +to me as an "unending fog." Our family invited him because, well, he was part of the family, and also +because he was generous with his bottles of homemade wine, perhaps his only passion in life, or at least +the only one that we knew of. +The day he passed away, I learned he was bequeathing me over 2.5 million dollars. +My uncle had never really had a career or a profession of any kind. He stuck to the usual odd jobs, being a +trucker here, working in security there, even teaching at some point, but he would usually never last long. +When he died, everyone was shocked at the fortune he had managed to amass. But my uncle was an +ascetic and austere man: he lived in the same, tiny house he had built by himself for $10,000 decades ago, +drove a car that was older than me and wore the same clothes quite possibly since his high school times, +year after year. He preferred to repair rather than rebuy and still had that giant, clumsy television from the +80s instead of that shiny new LCD. All in all, it‟s crazy to think what an average man, living an average +life, can accumulate over 45 years of his life if he puts his will to the task. +He had no one to give his money to, I guess. No children, no wife and no friends that we knew of. I +remember I was driving back from some boring class at some boring community college when I got the +call. I was so “estomaqué” (stomached?) I had to pull over on the highway, first of all because I had no +idea he had passed away or that he was even sick, second to ask the notary to repeat the amount he was +53 +All rights reserved – www.FSComeau.com +reading to me. Up to that point, I myself had been drifting from a place to another, not unlike him, from a +formation in accounting that led me nowhere to some useless telemarketer job. The call, from his will +executor, changed my life completely. +With his legacy came one small letter, visibly scribbled quickly days before his death, if that, on a single +sheet of paper (loose translation): +“Frank, +As a kid, I was told that life was a game. Now that I‟m all grown up, I can tell you that life is indeed a +game; just not a very fun one. +R.” +And that was it. A few months later, one or two court fights later (some family members tried to contest +the will, of course) and I was a rich man, my life forever changed. My first reaction was to want to place +half in an index fund and now that I look at it today, I can‟t tell you how badly I wish I had done that. But +I didn‟t and one of the biggest bad streak of my life would soon begin. +I wanted to trade. I had always wanted to trade and the world of daytrading seemed like a utopia to me. At +first, I had success. People might remember my big Apple bet a few years ago where I essentially made +$30,000 in under a week. Looking back at it today, much later, I regret winning that trade. Perhaps if I +had lost everything on that trade, it would have disgusted me from trading forever and I would still have +much of that $2.5M today. But I won, and I won for a good while, and it kept me going. +Then, I began to lose. +I lost $500,000 due to the oil crash in late 2014. I had a ton of Canadian stock (the TSX went down +something like 30% at some point) and many, many oil stocks. I made it all back in early 2015, then lost +it all again in the first six months of the year, plus another $500,000 for the rest of the year. I was +panicking, hardcore, as a million dollars is no small amount to lose, Canadian or American. +I lost $100,000 in one night to Brexit. Another $50,000 betting on Hillary. The summer of 2016 +specifically was particularly cruel to me. People who were there will remember that I lost pretty much +every single time. I was tilting, because I knew I was making the right trades, yet losing time after time +after time. But I knew I had done it before and I knew, or at least thought, that I could do it again. +I lost on several failed investments, from a stupid fast-food restaurant I wanted to start (which I won‟t +name) to an apartment building where I lost my shirt. I also lost a fortune at the casino, mostly on +blackjack (man, the swings I got) and certainly poker. At my worst, I lost $30,000 in a week playing +$5/$10 poker. I got absolutely horrific hands and I got so many bad beats I stopped counting them. Yeah. +54 +All rights reserved – www.FSComeau.com +So to make a short story, this brings us to today. From the original amount, I have $325,000 Canadian +left. I have a $100,000 personal loan at 8% (yeah), a $51,000 credit card debt accruing at 19% per year +and various debts ranging from 6 to 10%. Oh man I feel so dumb – I could have paid the car I am driving +in cash, but somehow I ended up getting financing because… Because. +If I liquidated all my positions and stopped trading today, yes, I could probably repay my debts. And then +what? I would have almost nothing left, nothing at all. My $2.5M would be gone forever and perhaps +most of my mental sanity along with it. What‟s the point? Truth be told, at this point, I have really +nothing to lose. Worst case scenario, this yolo fails and I go bankrupt. If I'm going out, well, I'm going +out big. I'd rather take my chance to get my money back. +This is perhaps my last chance in life to “hit it big,” aka be someone. I won‟t get another chance like this. +Look, I‟ll be blunt: I want my two point five million back. It‟s mine and I want it back, period. Unless +you‟ve hit it big and lost it all, you don‟t know how incredibly painful it is to look at $325,000 and think, +“Yeah, this used to be 7 times higher.” +And here comes the Yolo. +I began my career with Apple, I‟m ending it with Apple. No matter what happens, this is going to be my +final Yolo. I‟m sorry, I wish I could continue, but I‟m tired of trading. It's morally and emotionally +exhausted and over the last two years, it's really taken a huge toll of my health, both mental and physical. +Some of you might have noticed the (subtle) changes in my personality and demeanors. It is time for me +to stop making a fool out of myself and stop suffering. I am tired of perpetually losing money. That +Google trade was the last straw. Even though I called the earnings perfectly, I still somehow lost money. +The stock market is rigged and I am done with it. +People who know me well know that I am an Apple expert. Without a doubt, Apple is my specialty. I +called the exact iPhones sales, revenues and estimates pretty much every quarter, and I can tell you Apple +is about to get a massive miss. Notice how there is no real “hype” around those earnings? That‟s because +for the first time in, like, forever, Apple has failed majorly. They don‟t want to foam around it because +they know very well it‟s going to be catastrophic. +iPhone sales will be down 10-15% - and that will be the good part of their earnings report. iPads are +basically dead. The iPad pro is nothing more than a joke. It probably sold less than the Pixel. Okay, not +that bad, but trust me, iPad sales have been terrible for a while and this time, they‟ll be so bad Apple +might actually throw in the towel. Truth be told, Apple is 2+ years late and 5+ years late in some sectors +when compared to the industry. +55 +All rights reserved – www.FSComeau.com +And apart from iPhone and iPads, What else does Apple has at this point? Mac sales are down, the iPod is +dead, the Apple Watch… let‟s not even mention the Apple Watch lol. What else does Apple have? iTunes +revenues? That‟s like a billion dollars, who cares. +Look at recent tech earnings: Google, WDC, QCOM… All freaking terrible! The entire sector is going +down and Apple, with its overpriced crap (it almost hurts me to write that) is at the forefront. An iPhone +is up to $ 1,400 here. I mean, like, what were they thinking? +I could go on and on explaining why Apple is going to crater after earnings. Basically, it almost always +does. Look at the past earnings: even when it did beat earnings estimates, it crashed afterwards. Apple is +just a very emotional stock and people like to mass sell it after earnings. And with how bad things are, +there is no chance in hell Apple will beat earnings. +Apple is not dead, but it‟s going to slowly drift down into the abyss (See: Blackberry, Nokia, etc.). No +one can remain at the top forever and with so many companies producing phones, many of them far better +than the iPhone, it simply doesn‟t stand a chance. I mean, the iPhone is like 65% of the profits. And this +brings me to my main points: the iPhone 7 is a fiasco. Worst, it is going against the VERY popular and +lucrative iPhone 6s (the “S” series always earns Apple more profits as the machines are already +calibrated) AND the strongest line of Android phones of all times. +Okay, name me ONE thing about the iPhone 7. Go! When you think iPhone 7, you think… +… no headphone jack. That‟s it. The iPhone 7 has no headphone jack. I dare you to name me ONE thing +that is different with the iPhone 7 when compared to the 6s. Go. Without looking it up, even I couldn‟t +find anything. And when your main selling point is a feature disappearing, it‟s not good. +For the first time in like forever, it seems the iPhone had no hype at all. Perhaps everyone has one yet, +perhaps no one saw enough reason to upgrade (waiting for 7s?) or perhaps no one cared, but I can tell you +the iPhone 7 is an astounding failure. Oh, they sold tens of millions, but it‟s plain and simply not enough. +Have you seen many people with an iPhone 7? Have you seen many people with an Apple Watch (which +has been turned into the subject of a mockery) Yeah, I thought so. +In simple words, Apple has lost it. It went from being a simple company with a simple product line to +some jammed messed. Everyone remembers the iPhone. There was ONE iPhone and one iPhone alone. +Now, there are something like 10 different iPhones available with so many options nobody knows what's +going on. iPhone 7, 6, 6 plus, 6s, 6s plus, Se... What the hell is that? And I'm not even speaking of the 20 +different colors that make no sense. And just look at the Apple Watch and try to understand what's going +on: apple watch 2, apple watch Nike+, apple watch hermes, apple watch edition, apple watch 1... +Seriously what the heck is that thing? +56 +All rights reserved – www.FSComeau.com +Speaking of technology, Apple has fallen so far behind it's not funny anymore. The iPhone SE still comes +with 16GB!!! Sixteen GB!!!!! Is this some kind of joke? My operating system takes more than 16 GB! +How many minutes of video can you record with 16GB! Compare that to Android which often come with +SD cards and possibly terabytes of data and you've got a real joke on your hand. And almost every +Android phone outperforms the iPhone in every mark. The iPhone isn't even the top phone anywhere +anymore - it's gone, people! +All in all, we face the same problems we faced in 2012 when Apple‟s stock crashed from $100 to $60: +dying business lines (iPod at the time) and no innovation at all. Apple was able to save face once, and +then again, not really: it underperformed the index from 2012 to today, only going up 20% in 5 years in a +period where the S&P500 basically doubled. Tomorrow‟s dreadful earnings will mark the end of Apple as +an innovative company as we know it. It will now be priced as a commodity company and this implies a +much, much lower valuation. +Google is still able to grow. Microsoft is still about to grow. Apple is about to report a sharp drop in +earnings, around 15-20% and perhaps as large as 25%, if they are honest (they can still fudge the number +somewhat). With much lower iPhone sales, it‟s simply not possible for them to beat the very inflated +earnings estimates. This sharp drop in earnings, coupled with a terrible guidance for the rest of 2017 +(strong USD, world tensions due to Trump, Apple failing in China – all points I don‟t have time to cover, +but which are very valid) will lead to Apple getting one of the biggest hits in the history of hits. +I‟ll be blunt: Apple will drop 8-10% in afterhours (maybe more), it will open down 15% the next day and +end the day down more 20%. Yes, that‟s how bad it is. And I‟ll be there to earn a fortune from it. As I +said, I want my millions back. +My #Yolo is designed in a very specific way. It‟s designed so that even if I am wrong (which I am not), I +will not lose money. Yep, it's that good. Before I try to explain it to you, let me explain this: I am 99.9% +certain AAPL is going to plummet post-earnings, but as there always is no way for me to know for sure. +There is so much market manipulation some banks might keep it from falling more than 2-3% just to be +able to liquidate their calls at the opening bell, etc. For this reason, I chose longer- expiration options as +Apple will most likely keep dropping in the days to follow (as more and more people realize Apple is the +next Blackberry and start selling their fund. People can‟t liquidate a $2-3B position overnight). Thus, I +chose the monthly, February 17th expiration. Big manipulators might be able to manipulate the price +somewhat, but not very long. +57 +All rights reserved – www.FSComeau.com +I also made my trade voluntarily more complex to account for all possible scenarios (more on that later). I +have been screwed by big funds before and I have designed this trade so that even if I get screwed, I +won‟t lose money. +So, without further ado, here is my yolo: +1) I bought $120 puts, twice the amount of $115 puts, 4 times the amount of $110 puts, 8 times the +amount of $105 puts and 16 times of $100 puts. Those are unbelievably cheap ATM. TOTAL COST: +$100,000 USD. +2) To cover the premium paid for those puts, I sold a massive amount of $120 calls. I used the entire +premium to buy the puts (and the calls below). +3) To be allowed to make that trade (margin requirement is crazy on naked calls), I bought a ton of $128 +calls. This is a vertical spread which allows me to do the trade as I want it. Of course, there is no chance +AAPL is $128 after earnings, but without those calls, I would need a $2M+ cushion in margin, which I +don‟t have (anymore). TOTAL CREDIT: $100,000 USD. +4) All in all, this trade has cost me nothing to do :D. That‟s right: $0 upfront cost! Free! +5) To get the margin required for this trade, I had to sell all my long-term stocks and ALL my other plays. +Some of the margin is also taken from my Credit card but at this point, it doesn‟t make a difference. +A 100K YOLO FOR 100K WSB SUBSCRIBERS! If you want to have fun, draw the payout that comes +from this strategy. +So, what will happen on earnings? Well, simply said: IT IS SIMPLY NOT POSSIBLE FOR APPLE TO +SPIKE UP POST-EARNINGS. It didn‟t happen to Google, it didn‟t happen to Western Digital, +Qualcomm or even Intel or Microsoft (2%! Yay!), despite excellent earnings (which Apple won‟t have). +58 +All rights reserved – www.FSComeau.com +Based on that, here are all the possible scenarios that could happen, ranked from worst to best, along with +what would happen to me: +1) The Google Gambit: Big funds play the “oh they had one below average quarter but they are still +growing and they have huge product lines coming (yeah, right)” – stock miraculously only drops 1-2% +(like GOOG) is - I don‟t make any money, but I don‟t lose any either. I‟m pissed off. Likelihood:< 1% +2) The Qualcomm Quack: Apple somehow miraculously saves face by playing with +inventories/supplies/doing Valeant stuff. Then, the stock would drop only 3-4%. I would make a little bit +of money. Likelihood: 4% +3) The “we barely got away with that one” scenario: Apple cheats and starts buying its own iPhones to +prevent the number from crumbling too bad. It‟s a bad quarter, but not too bad. Apple crashes to $118 in +AH and then drifts down to $115. I essentially double my money, a $100,000 gain. Likelihood: 20% +4) The “last minute wildcard” scenario: Apple somehow managed to earn more than I thought on some +miracle play (hedging). Earnings are down by quite a bit. Apple crashes to $115 and barely stays above +$110 in the next few trading sessions. I essentially quadruple my money, a $300,000 gain. Likelihood: +25% +5) The “Back in the Basement” Scenario: Apple is honest about its terrible quarter and results, but +downplays it and people somehow buy it. Apple crashes to $112 in AH and drifts down to $105 by Feb +17. I essentially sixtuple my money. A $500,000 gain. Likelihood:15% +6) The Meltdown Scenario Apple: is honest about its terrible quarter and investors aren‟t dumb. They +mass sell the stock. It crumbles to $105 in AH and some idiots buy it thinking it‟s a “bargain.” I make +over a million overnight and another $250,000 in the days that follow. It crashes to $95 by Feb 17. +*Likelihood: 25% * +7) The “Hillary Clinton Scenario”: It‟s worse than I thought. Tim Cook apologizes and steps down, citing +personal problems. Apple plummets below $100 in AH. People panic, everyone wants to sell, it‟s on the +top of every newspapers. It opens at $101 the next day, immediately gaps below $97 and then spiral down +to $90 where it belongs (maybe even lower, but let‟s keep it at that). I more than fiftytuple my money, +making $5,000,000. *Likelihood: 10% * +So, what is the expected expectancy of that trade? it‟s 1% * $0 + 4% * $15,000 + 20% * $100,000 + 25% +* $300,000 +15% * $500,000 + 25% * $1,150,000 + 10% *$5,000,000= $958,100. +Here‟s a graph with possible payouts. The top column shows the price of apple, the leftmost row the gain +for each put (remember, $0 initial cost – costs are covered): +59 +All rights reserved – www.FSComeau.com +Understand this: Apple WILL drop post-earnings. There is absolutely no way whatsoever it can go up. It +can‟t happen. I mean, Google is down by quite a bit after its earnings, the entire tech sector is down, but +AAPL somehow stays at $122. Okay. I am hoping for a massive, massive, MASSIVE drop obviously. I +wouldn‟t be satisfied with Apple dropping to $115, for example. +I expect to make close to a million from that trade, although there is a lot of possible variance. Obviously, +I wouldn‟t be happy with the $100,000 scenario as this is my chance, and probably my last chance, to get +my money back. Note that even if apple doesn‟t go below $100, my $100 strike puts will gain in value if +Apple drops to $109 post-earnings, so I might make a bit more there. +I want to thank everyone on /r/wsb for the continued and unending support. You have truly helped me get +to where I am and I just want to say that no matter what happens, I‟ll have no regret. You have +entertained me during dark times in my life and quite possibly saved me. You guys never failed to make +me laugh with your puns, memes and other and for this, I especially thank you – especially those who +were generous enough to become my patrons or get me reddit gold. +One final thing. I don‟t know if God exists. I won‟t pretend that I suddenly believe in Him (or Her), like +so many do in their time of need, but if you do exist God: please, please, please, please, please help me. I +have never been lucky in this life and you have thrown many obstacles in my way, but if you help me +here, everything is forgiven. It‟s not that hard to break that $100 floor and once that happens, it‟s game +over – I‟m rich. I know the earnings are going to suck. Don‟t let big banks screw me once again. +If I do win, here is my promise: +1) I WILL repay all my debts, in full, immediately. +2) I WILL place half the money in a long-term fund that pays 4-5% per year. Banks, Telecoms, Pipelines, +etc. +3) I WILL use a quarter of the money to buy a house and plenty of nice things. +4) I WILL use the last quarter of the money to travel the world, enjoying life. +5) I SWEAR ON EVERYTHING THAT I AM AND EVERYTHING THAT I HAVE THAT I WILL +NEVER, EVER, EVER TRADE AGAIN. +In therapy, I was told that the most important thing was being honest with yourself. I‟ll be honest with +yourself and also myself: I‟m not a good trader. I‟m so tired of losing. I wasted two years of my life on +60 +All rights reserved – www.FSComeau.com +this bullshit. No matter what happens, this is my last trade. After that, I am moving on and never, ever +even thinking about finance or stock ever again. Two years of perpetually losing money are enough for +me. But recently, I have been on a hot streak (100% success recently) and I just need the streak to last +one. last. time. +Verdict: Massively short AAPL through earnings. +AS LONG AS APPLE DOESN‟T GO UP, I DO NOT LOSE MONEY. GLTA. +QUICK UPDATE 1/27/2017 2:56PM +UPDATE Original post forgot to mention all WSBers will receive a free can of maple syrup OR a pack of +maple sugar if I make at least $1,000,000 from this trade. Yes, this is for real. I called in for a quote and it +will cost me $65k-$85k to ship it all at a discount, assuming all US and CAN addresses. Other shippers +might be cheaper, I guess I'll see. DISCLAIMER: Limited to the first 10,000 posters, reserved to people +who made at least one post/comment on /r/wallstreetbets before today. Mods get priority. Check my +Youtube video on it for details. +Quick update for those who asked (damn you, reddit formatting system! I'd short you if you had earnings +coming!) http://i.imgur.com/d0K2w9p.png +I am up by quite a bit, but commissiosn rekt me. Still, AAPL has begun its long decent into irrelevance. +Should be red every day now for a little while, as is the case every earnings season in the last 5 years. +Also, at the time of posting this, this post had a score of 666. Coincidence? +For those who asked, yes, I am serious. Some people have written to me trying to change my mind. I want +to say that I appreciate your concerns, advice and help, but that I am 100% dead serious about this. I have +spent a lot of time considering and analysing this and this is what I want to do; I have made my mind and +that nothing you can say or do will change it. Please do not write me telling me to stop this, I am stressed +enough as it is, believe me. I am holding this position through earnings and I am not going to change my +mind. I am "pretty damn sure" AAPL will crash massively following earnings and this is what I want to +do. Thank you. +Also, MODS=GODS. +Update #2: Quick explanation to visitors of /r/all who don't get what's going on. +61 +All rights reserved – www.FSComeau.com +Okay, so you have a stock. A stock is a portion of a company. If company ABC emitted 100 shares and +you had 10 shares, then you own 10% of ABC. +You can buy and sell shares. If you buy a share and it goes up - because other people are willing to pay +more for it - then you make money. If it goes down, you lose money. A stock will go up depending on +what people are ready to pay for it, but generally speaking, a good earnings report will kick the stock up. +Netflix reported good earnings, for instance, and the stock jumped 8% +In addition to stocks, you can also trade what is called options. An option gives you the option to buy or +sell the stock at a later times. There are two popular kind of options: calls and puts. +A call gives you the RIGHT, but not the obligation, to buy the stock at a fixed priced in the future with an +expiration date. The option stops existing after the expiration date (we say it is "settled"). For instance, +Apple is currently at $122. A call with a strike of $120, expiring on February 17th, 2017, would give you +the right to buy AAPL (Apple's stock ticker) for the price of $120 at any time until February 17th, 2017. +If AAPL crashes to $115 tomorrow, you are not going to "exercise" your call. Why would you buy it for +$120 with your call when you can buy it on the open market for less? Similarly, if Apple goes up to $130, +then you would be able to buy it for $120 using your call and resell it for $130 immediately. +A put is the opposite of a call: it gives you the right to SELL at a fixed price. For instance, I bought $120 +puts expiring on February 17th, 2017. This gives me the right the sell Apple for $120 at any time until +February 17th, 2017. Apple currently trades for $122, so I am not going to exercise my puts and sell them +for $120 since I can sell them on the general market for $120. +To be noted: you do not need to hold the shares to buy a put. If I exercised my puts today, I would end up +with a negative amount of shares of AAPL, which is called shorting (another topic). +I sold calls, meaning that I gave someone the right to BUY Apple shares from me at the price of $120. +Once again, I do not need to own shares to sell a call: if the guy exercised the call, I would end up with a +negative amount of shares. +Since AAPL is currently at $122, why doesn't he exercise his call right now, i.e. buying it from me at +$120 and selling immediately at $122? Because it can be shown (proved mathematically) that it is never +optimals to exercice a call nor a put before the expiration date, that is, February 17th, 2017. +Now, why would I give someone the right to do that? Because I get paid for it. An option has a premium, +which is the price you pay for that "right" (but, again, not the obligation). In other words, if AAPL was to +close under $120 on February 17th, 2017, I would get to keep the entire premium the guy paid me and he +would have nothing. +62 +All rights reserved – www.FSComeau.com +So my trade is as follows: I sold a mass amount of $120 calls. If AAPL crashes, those calls will not be +exerciced and I get to keep the entire premium. +Using that premium, I bought a mass amount of puts (remember, right to sell). This means that if AAPL +crashes, I get to exercice my puts and earn a lot of money. For instance, I have $120 puts that I paid $1.68 +for; if AAPL dips to $110, I would earn $10-$1.68=$8.32. +Because I sold calls and used the money to buy puts, this trade has not cost me a penny. If AAPL crashes, +I could earn a lot. For instance, if it crashes at $80, I would earn $120-$80=$40 on my $120 strike put. +Each contract is for 100 stocks and I have 150 contract, so I would earn 15010040=$600,000. In other +words, if I am right and AAPL crashes after announcing its earnings, on January 31th at 4:00PM, I stand +to make a massive amount of money. +I also bought puts with a strike of $115, $110, $105 and $100. So if Apple dipped to $95, all my puts +would pay me ($120-$95, $115-$95, etc.). The more Apple crashes, the more I make. Ideally, AAPL +would go to $0 and I would earn the maximum amount ($120-$0, $115-$0, etc.) +Of course, you aren't forced to exercise your puts and you can resell them at any time. The price of the put +will go up as AAPL goes down. So if AAPL opens at $99, the $100 put would be worth $1-$5. The exact value depends on complicated mathematics and, overall, how much people are ready to pay for it. + +And that's it. Hope it cleared things up a bit! See, options aren't hard =) + +Correct me if I am wrong, from my understanding, the way hedge funds do it is that - they have access to huge amount of data (not necessarily related to finance but perhaps might affect price of the asset). + +They do mathematical transformations on the data if need be - then find correlations of it to returns of the asset and trade based on the correlation. And after that, of course they have to do house keeping stuff like determine position sizing and hedge with derivatives etc. + +Us retail traders, we only have access to perhaps price data (OHLCV). Is it feasible for us to find statistically significant anomalies to exploit on price data alone? + +If not - what feasible strategies could retail traders employ? + +30 years old. + +£44k salary. + +I drive a £3000 car (granted it's an MX5 and I love it). + +But God do I long for a swish and shiny new Audi A5 or something like it. + +Am I just poorer than what seems to be every Tom, Dick and Harry who drive Audi/BMW/Volvo seemingly everywhere, all the time, or is there something else going on? + +Surely not THAT many people are spending £400-700 a month on a car they will never own... Surely? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +[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: 131072 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) +Apologies in advance if this is the wrong sub for this kind of question, but I'm at a total loss. Mods, feel free to remove if this is not allowed. + +Background: I spent most of 2016 living out of my car, jobless, and did not have any taxable income in the months prior to homelessness. (Odd jobs, temporary server/retail positions, etc.) I am estranged from my parents for several reasons, and currently receive no financial help from them with the exception of the fact that I am still on my father's health insurance plan. I believe they still list me as a dependent on their taxes, but I am unsure and have no way of finding out. My parents would not sign for the FAFSA if asked, and as far as I know I am not eligible to apply without parental consent/information. I will not be applying for student loans because if I were ever to become homeless again I would not be able to pay them off. (Irrational, but important to me after going through that period of my life.) + +Currently, I make about $15/hr at a job I've had since April. I am paid weekly, and have put away money from every pay check into a separate account with the intention of saving for classes. Despite a few minor setbacks, I have managed to save exactly $4,000, and after reaching that milestone I decided to apply for enrollment at the local community college for the spring 2018 semester. + +When going through the enrollment process, I selected two options: financial self-sufficiency, and no taxable income during the previous year. However, when I received my student information, there was a hold on my account saying that I could not register for classes without presenting a form (which I have filled out) and my 2016 tax records. + +I've contacted the student services office but have received no response. I am, however, extremely concerned. The terms of enrollment stated that if I knowingly falsified data on the forms I would be charged out of state tuition fees rather than in state tuition fees, which I cannot afford. **Is there precedence for a situation like this? Are there documents that I can supply in lieu of my 2016 tax records?** I am overwhelmed and anxious, and feel like all of the optimism I had for my immediate future has been sucked away. I have had little to no guidance throughout the process of "adulting" and am unsure if I have made the right financial choices--much less what I should do next. + +Thank you very much for your time. + +EDIT: Thank you so much to everyone who responded. I have a better idea of what to do next, and so many of my worries have been assuaged. You're all wonderful, thank you. + +EDIT 2: Once again, thank you all so much for replying. I didn't expect this post to gain so much traction, and I really appreciate all of the advice you've given. The most common responses have been file a 1040 form with the IRS and go in person to speak with the school's financial department. I will be pursuing both avenues in order to cover all of my bases and hopefully get the issue resolved in time to start classes this coming January. + +The kindness you all have shown me has been overwhelming, and I definitely got a little emotional reading the responses/messages today. To everyone who offered to help financially--thank you, but it isn't necessary. I appreciate the gesture, though. It was very generous, and the sentiment alone is enough to give me a little bit of hope for the future. I hope everyone has an amazing evening/day (depending on your timezone). Best wishes to all of you! +Hello Everyone! + +Ape help ape. + +Hello all, I've been so happy for the good reception this has been getting every time, and all of the helping people in many different ways. I'm just so so happy for that. Now just like I always ask, is everyone holding up okay? Still lots of turbulence in the world right now, as well as in people's personal lives. It's okay to take a breather! In, out! Ahhhhh! + +Well what a crazy past few weeks! Voting was a success, and the split/dividend was approved by shareholders and the board. It's only a matter of time before that drops, aperts (ape experts) say in around 2 weeks is when they can do it. Also, the number of DRS shares keeps growing! Congratulations and good job! You know the motto, buy hodl DRS! + +Now on to the fun stuff. Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright saying you sold (true or not) isn't the best to post. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at things like official charity links and gofundmes. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts 😄. + +Cheers everyone 🍻, and hope everyone had a good month of May, a great Holiday weekend last week, and an awesome weekend 😊. + +Use your gut and ape help ape! WAGMI. And remember, Power to the Players 🥢! DRS! 🦍 +In my area, renting a modem from an ISP costs 15 dollars per month. A comparable modem costs about 70 dollars, and will last years. 15 dollars per month comes out to 180 dollars per year. If that were put into investments with a 6% annual return rate, after 40 years, that would turn in a little over 28k before taxes. + +The greater lesson here is that sometimes, shelling out a little more money can prevent rolling costs, e.i. buying nice shoes that will last far longer than cheaper shoes, buying shelf stable ingredients like rice or pasta in bulk, etc. +Lots of interested info - page 14 covers the level of net worth needed to join the 1% for your country - [https://content.knightfrank.com/research/83/documents/en/the-wealth-report-2021-7865.pdf](https://content.knightfrank.com/research/83/documents/en/the-wealth-report-2021-7865.pdf) + +Monaco - USD$7.9MM +Switzerland - USD$5.1MM +United States - USD$4.4MM +Singapore - USD$2.9MM +New Zealand - USD$2.8MM +Hong Kong - USD$2.8MM +Australia - USD$2.8MM + This is the official AMA (Ask Me Anything) post for **Dave Lauer**, who will be joining [u/jsmar18](https://www.reddit.com/u/jsmar18/) on [Superstonk Live](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) for a one-on-one discussion, with questions influenced by and taken directly from this post. + +**Please make comments on this post directly, as we will be referencing this exclusively.** + +\--- + +# Please visit the [Superstonk Youtube Channel](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA) and subscribe and enable notifications so that you are prepared for the [live stream on May 5, 2021 @ 3:00 p.m. EDT](https://youtu.be/AYct0XX0uTU) + +# A message from our guest: + +[Dave Lauer](https://preview.redd.it/z8415vsi5uw61.jpg?width=400&format=pjpg&auto=webp&s=6c1669e7672616894f31616fb66703ef264820f8) + +>Hi, I'm Dave Lauer. I built low latency trading systems, and then worked as a high-frequency trader at Citadel and then Allston Trading. I left about a year after the Flash Crash (2011), disturbed at the impact of HFT on markets. I have since testified before the US Senate, worked with the SEC and CFTC, helped institutional investors understand market structure, represented them in DC, and quantitatively analyzed their brokers' order routing algorithms. I worked with IEX early on, and sit on the board of Aequitas NEO in Canada. I also sit on FINRA's Market Regulation Committee. The last 2 years I've focused on novel applications of AI, both in finance and beyond, and am also on the founding editorial board of the Journal of AI and Ethics. +I'm talking to the mods about doing an AMA and am looking forward to it! I've seen some questions about the effects that limit orders might have on stock price and stock loan mechanics, so I posted some thoughts here: [https://reddit.com/r/Superstonk/comments/mzpyfq/do\_gme\_limit\_orders\_impact\_the\_stock\_price\_not/](https://reddit.com/r/Superstonk/comments/mzpyfq/do_gme_limit_orders_impact_the_stock_price_not/) +TLDR; there's little to no impact on the stock price from limits orders that are far from the NBBO. I'm not sure about the stock loan question, but I doubt it matters. + +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. + +\--- + +**This AMA Post will remain active until the live stream begins, at which point this post will be LOCKED.** Please note that our AMA guests have limited time, and cannot possibly answer all questions, so we encourage you to put some effort into your questions so that they can be upvoted by your fellow apes for visibility. + +\--- + +**YOUTUBE INFO** + +Please note... **This channel is not monetized, nor will it ever be** (screenshot this and hold us accountable), and is strictly for education and discussion as it relates to [r/Superstonk](https://www.reddit.com/r/Superstonk/) topics and the interests of the community. The idea was approved by the mod team, and the channel was created and is administered by [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/). The stream itself will be handled through a third party service with many live-editing features (omitted for security's sake) that allows a stream through Youtube. + +Finally, we made the choice to create this platform because AMA guests seem to prefer the live stream method, since they don't always have a reliable platform to stream from. This allows us to offer them a choice of platform, and also a means of discussion with our members LIVE, that ultimately will cater to the interests of [r/Superstonk](https://www.reddit.com/r/Superstonk/) and this community of diamond handed apes. +I work at a smallish company (<200 employees) and our current 401k provider is pretty abysmal. Specifically the investment options are lacking with only 1 index fund being available and at a high expense ratio. No target date funds available either. + +I reached out to HR to see if we could request more options and they said they'd look into it for me. A month or so later they decided to find a new provider altogether and since I showed an interest they've asked me to sit in on the demos for the 2 finalists they've narrowed it down to and help them make a decision. + +I'm thrilled that they're giving me the opportunity to do so but want to make sure I come prepared so what kind of questions should I ask? What features should I look for? + + +**EDIT:** + +Here's what I've got so far: + + +1. Fees. What do you charge the company, what do you charge the employees? Are there fees for selling, reallocating? +2. How readily visible are fees for each offering? Employees should be able to easily compare. +3. Make sure there are Low-Cost Index Fund and Target Date Retirement Options. Are there diverse set of actively managed options as well? What are the expense ratios on these items? How do these offerings compare to your retail customers? +4. Self Service for employees to change contribution limits +5. What’s the window on when an employee can change their contribution amount to have it take effect for the next pay period? +6. Can employees future date contribution % changes? +7. Are contributions only % or can employees specify an amount? +8. Option to exclude bonuses from contributions? +9. Are there automatic cutoffs for hitting the federal limit? Does this accout for employees over the age of 50? +10. What if employee joins midyear and has contributions from other provider? Can the employee indicate their previous contributions for the year for an automatic cutoff? +11. Are Roth contributions available? +12. Are after-tax contributions available? +13. Are in service distributions available, specifically to an employee's roth IRA at another broker? +14. What about in plan conversions from after-tax to Roth 401k? If so can they be automatic? +15. Is a company match catchup at end of the year available if an employee hits the federal max before year end? +16. If an employee leaves the company are they required to close out their account? If not, are there account maintenance fees for former employees? If they do close, is there a fee to do so? +17. Do you have in-kind transfers out for former employees who are closing their account? +18. Do you accept in-kind transfers in for new employees rolling in existing 401ks? +19. Do you support employees borrowing from their 401k? +20. When retirement hits, what are the payout options? Lump sum, monthly paycheck, blended? +21. What financial consulting is available to employees? Are advisors fiduciaries? +22. What kind of customer support is there for employees? Do all questions need to be routed through our HR or can they reach out directly? +23. Do you have 2 factor authentication? If so, what kind? SMS/Email only or also support authenticator apps? +24. Do you host an annual meeting for our employees to go over the plan and options and help them with any questions? +I would like to see an online test, where one could identify a candlestick patterns by being given a chart and then having a multiple choice of 30. + +I think that website would be helpful to traders looking at get better in trading. Respond below if you want it? + +If there isn't any interest, I won't bother. + +&#x200B; + +Edit: Thanks for the response here, I felt it was sufficient to create it and I have finished it. + +I think its a good start and if it becomes popular, I will add more content, for now lets see what happens. + +&#x200B; + +Since 10 days ago have done the following: + +\- Registered Domain + +[http://learncandlestickpatterns.com/](http://learncandlestickpatterns.com/) + +\- Purchased and setup vps + +\- Researched and tested quiz formats + +\- Chosen Wordpress with Quiz Maker Plugin. + +\- Chosen a fast but simple theme and made some adjustments. + +\- Setup a quiz and some demo questions. + +\- Added questions and answers. + +\- Setup site to be viewed by mobiles + +\- Created sitemap + +\- Submitted to Google + +\- Setup mail with gmail + +\- Setup register/logout + +\- Setup leader-board. + +Over 60 users have run through the quiz.Most people get under 30% +I’ve just seen an advert on instagram for ‘Zilch’ saying that you can now pay for an UberEats order over 6 weeks?! + +Surely this is preying on those who are already struggling to make ends meet and giving them even more payments going out of their account on a weekly basis? + +I understand it’s interest free and therefore there is no harm to it on the surface, but surely this encourages people to spend more, knowing they don’t have to pay for it straight away? +Is anyone seeing the affects of Brexit on them or people/businesses they know? + +My take on it is there's a lot of uncertainty at the moment and that's halting some companies from any spending that isn't critical, which is a smart move to conserve cash when facing the unknown. As they say, cash is king. + +&#x200B; + +What do you think? What's your plan? Go to the Winchester, have a nice cold pint, and wait for this all to blow over? Or are you being proactive? +The tl;dr is that I overheard a young guy asking at a store about homeless shelters. He’s sleeping in his car. Gave him my number and address and said he’s welcome anytime for a shower and a meal. + + +First up; don’t worry about my safety. My partner’s military police and we have a retired attack puppy who is super protective of me, and my teenage brother’s also living with us. + + +My question is this: how do I help him get onto his own two feet using government and non-government support? He’s receiving NewStart but doesn’t seem to be able to access affordable accommodation at this point. + +He said he doesn’t do drugs but he does smoke. No shoes but still rolling 😂 not that I care, except as it relates to his ability to afford accomodation and other necessities of life. My background is in financial advice and my current studies and research is in economics, with a focus upon entrenched poverty. Left to my own devices, I’m going to scare the shit outta the poor guy with my questions and analysis. Can you give me a step-by-step, practical guide to helping someone in these circumstances? I suspect that only pointing them toward overfilled homeless shelters wouldn’t be much help right now +{Old post I made with my phone} + + +Currently I work for a company making $16/hour position that offers pretty decent benefits and reasonably priced health insurance/dental/vision etc. There is an opportunity for a position that would pay $30/hr but would offer no paid sick or vacation time and no benefits in any form. 18 months and i could get hired in or the position could get renewed. I could take time off I just wouldn't get paid. Is the $30/hr a better opportunity overall or am I better off working for a company with no end date for my employment. + +Contract position is through a staffing company. + +Thank you for all the advice. I will try to update this post later with more information and respond to some of the questions. I appreciate the difference in opinions and arguments for and against. + +[[[ +[[[[[ +[[[[[[ + +{New post I made with my laptop} + +Update: +So I read through some of the comments so I am going to make things as clear as possible without oversharing myself. Also I think some are getting caught up on the word contact and confusing it with a 1099 contractor. Also thanks for all the comments and up votes. I will keep on updating my post with more information as I go through more comments but hopefully I clarified a lot of things. I appreciate all of the advice it means a lot. Both roles are IT and the commute is basically the same. + +About Me: +New Home Owner +Have an Auto Loan +Student Loans +High 20s +Good Health +Lives with long term gf who is employed full time. I could be on her health insurance next year around this time. +Been at current job for less than 3 months. Previous role was software support for 1.5 years. Also did hardware support. +No degree in computer science or IT. Just two bachelors(Anthropology, Geography) and a GIS Certificate. +No kids. Just 2 pets. +Don't have a lot of savings as I just bought a house. + + + +Job 1: +Currently I work in an IT Role monitoring internal and external systems(servers, firewalls, antivirus etc). +Company has multiple locations and probably 300+ employees and is growing. Room for advancement in my current department. +$16/hour before taxes paid weekly +Take home $484.61/week after taxes and benefits. Not currently eligible to contribute to my 401(k). +Benefits (Health(Priority Health),Dental,Vision,Critical Illness,Accident): $25.89/week +5% annual bonus per fiscal year. Also quarterly department bonus. +401(k) Matching 120% on first 6% eligible for the match after 1 year and it is dispersed once per year. Vested after 3 years +Tuition Reimbursement up $1,500 a year. +Free programming classes (5 classes) online at a community college. I am interested into getting programming which could lead to other opportunities in company. +10 vacation days/24 hours for personal leave/48 hours of sick leave/6 holidays. +2 x base earnings up to a maximum $175,000 life insurance policy. +Short and Long term disabilities. +Job is pretty easy and I can watch tv shows while working. + + +Job 2: +IT Lab Technician is the title +$30/hour before taxes +Possibly some overtime, and ability to make up some hours. +I would work in Michigan in the same city down the road from current job. +Working through a staffing company out of Colorado called Modis as a w-2 employee on a 18 month contract. Not a 1099-Contract, +Contract could be renewed after 18 months or converted into an employee. Staffing company has has good results with G.E. +Would work for a well known company (General Electric) which could help in applying to other positions. +Sounds like I would get no paid time off and I could makeup hours for unpaid holidays off. +No benefits so everything is out of pocket. +Job seems like it could be harder work but more fulfilling. + + +Don't feel like I can negotiate position as it is entry level and replaceable. Plus I have only been there less than 3 months. I do feel if I kept the current role I would need to find a second job to supplement my income which I have done in the past by waiting tables. Where is a good place to go to get a feel for how much I would need to pay for health insurance etc? Also would it be weird to ask my hr department how much they pay for me for certain benefits? + +Any thoughts on the staffing company Modis or G.E? +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! + +So if you are 100% VT you basically have 45% in VXUS. 75% of VXUS is VEA so you would basically have 33.75% in business friendly Europe. Then 11.25% in emeging markets. Out of the emerging markets about 5% is in China. So all in all, why VT I don't get it honestly some1 explain +I'm currently in Naples, FL visiting my inlaws at their very modest manufactured home. + +So here we are driving around and seeing all these Multi million dollar homes with their hundred thousand dollar cars. + +How much money do you need to make to feel comfortable with buying a 5 million dollar home and a couple 100k+ vehicles? + +My wife and I make what we consider a healthy living (gross 225k-250k), but the gap just seems so far from where we are. + +Edit: I'm NOT saying I think I can afford that lifestyle. Just saying that's its crazy to think about the cost of that lifestyle. +I have been working on a video for around a month on Tom Cruz, and have a lot of questions about his 5k course and wealth in general. I have found numerous fake emails wrote by him, he seems to practically make up random figures of money which he claims to be earning, and much more strange behaviour. + +Does anyone know Tom in person or had any experience with him? Or if you have bought his course, I would love to hear about it. Cheers. +Hello FatFire. Somewhat active here but posting under a throwaway since there are more #s than I usually give. My numbers are questionably / borderline FAT, but I hope to fatFiRE in 5-10 years at ~5-6MM. + +I am 29M, nw ~2.3 mil, 2 of which is in index funds, the rest is home equity. I am a software engineer(ing manager) in a HCOL area (DC). No debts other than 500k left on a mortgage. + +I am currently golden handcuffed to a post acquisition startup that I joined ~5 years ago as my second job out of school. I made 200k even, with a 25% bonus target. I am set to vest the last tranche of my stock in December, which is worth 200k, and our acquiring company is stable enough that I feel confident it will be that amount +/- 10% unless something crazy happens with the whole market. That said, I hate my job. Life post-acquisition is soul sucking and due to my new role in the larger org, I feel my tech skills are atrophying. Post December, my stock comp will go away completely, so I'm definitely leaving then if not now. + +I have an offer to join a post-series B company that I really love and believe in. That said, I can't help but feel dumb walking away from the easy money of waiting another 7 months. The companies initial offer was 150k, no bonus, 500k of options over 4 years. They're very keen on me starting ASAP, and in an attempt to buy me out of my current role have upped their offer to 175k, with 750k in options over the 4 years. They do bonuses, but weren't able to give me a target. + +I am having trouble evaluating how good (or bad) of a deal the buyout offer is. There's obviously a huge unknown on the option value and I'm taking a light cash haircut, but I believe in the company (as much as one can believe in a series B company that they are a customer of), and don't mind a 10% cash pay gap to do something I truly enjoy. + +Does taking the buyout seem like a prudent move, or would I be a fool to walk away from an easy 200k cash this holiday season. + + +This morning I experienced something fairly odd with fidelity. I’ve been a long time customer. + +**TL;DR: I believe they locked my account so I would have to call them. I was connected with an “Investment (Relations) Manger” to reset my password. My Direct Registering and purchase of GameStop was brought up. They wanted to discuss new tools and consolidating other funds to Fidelity for my account.** + +—— + +Normally, with two factor authentication, I get a code texted to my mobile in order to login immediately. + +However, this morning I wanted to check my balance and didn’t get the texted code. Tried it 4 times. I was in a location where I have received this texted 2FA code many times. + +Then, instead of getting a screen to enter my 2FA code, I get a screen showing that there’s an issue with my password and I need to call fidelity. + +https://preview.redd.it/5l7td438xz381.jpg?width=738&format=pjpg&auto=webp&s=fd826fb2004bb67a91ce1479f056befb65fd62bf + +I believe they specifically locked out my account so they could get me on the line to discuss GameStop, how my experience has been, and offering a follow up to discuss new tools and consolidate my other finances elsewhere. + +There was no issue with my password. I didn’t have to reset a password. It is as if they locked the account specifically so I would call and they could discuss DRS and GameStop. + +I was able to login normally and get the text immediately. I’m in the same location where it wasn’t working this morning. + +So, I called Fidelity. I confirmed my identity. I’ve gotten this automated system many times from DRS-ing. You all know the one - “Say what you’re calling for” “Say your birthday so we can identify you”. I was then connected to an “Investment Manager… + +*I.M.: “How’s your experience and investments going?”* + +*Me: “Fine I just need to access my account. My mobile isn’t giving me the 2FA Code to sign in.”* + +*I.M.: “What are you looking to do?”* + +*Me: “Look at my stocks and see my account balances. I’m just looking to get my password reset.” ( I honestly wanted to say it’s none of your fucking business what I wanted to do, but it seemed like he was digging for something).* + +*I.M. “Ok, great. I’ll need to put you on hold for 3-5 min while I verify somethings.”* + +3-5 min hold + +I’ve called to DRS through this same system. Normally, they have my phone number and birthdate and can see my account in front of them immediately. So for him to put me on hold to “verify some things” raised some flags. He was either wasting my time or figuring out how to bring up GME and DRS. + +After 3-5 min, the “Investment Manager” gets back on the line + +*I.M.: “Ok, looks I’ve reset everything. By the way, I see you have direct registered a lot of shares from GameStop - is Fidelity the primary place you trade GameStop?”* + +*Me: “I trade a lot of different shares and have traded over the years.”* + +*I.M.: “Why are you deciding to move shares out?”* + +*Me “Because I want those investments registered directly in my name”* + +*I.M.: “Well we have a lot of tools available and have improved them over the past year. Would you be interested in learning how those tools can help and if you might consider consolidating your money existing elsewhere with Fidelity.”* + +I played along. I didn’t want to tip my hand that I know they are full of shit and I don’t trust them. I also didn’t want any further action taken on my account. + +The call ended with him transferring me to another manager and setting up a meeting to discuss their “tools and services” at a later time. + +I have been a fidelity customer for 10+ years. + +I have never had this type of call. Ever. + +I have also never been randomly locked out of my account from the mobile app. + +Why was I connected with an Investment Manager to reset my account password - in which, he never reset it, but only reactivated my access? + +**ThEy ArE FooKin NeRvOus** + +Not financial advice. +I see on reddit a some comments about how owning timeshares “can be a good deal” and thought it was prudent to point out this is just not true in any evidence I could find. They are a really predatory and deceptive business whether resale or points based and especially when bought from the developer. Let’s go through the options if you **own** a timeshare: + +* You buy from a developer/direct - + +They immediately decrease in value if bought from the developer, sometimes to literal worthlessness or even negative value. Every. Single. Timeshare. Decreases. I don’t care if it’s Disney Vacation Club or whatever the salesperson told you. You buy it from the developer and you just wasted tens of thousands of dollars. Check Ebay if you don’t believe me or literally any of the resale sites. You just lost thousands of dollars. Find a single one that has increased in value vs inflation, post the link and I’ll buy the first person gold. Even DVC which is considered the most valuable timeshare currency sells for under initial purchase value when accounting for inflation. + +* You buy/gifted from a reseller/family member - + +Let’s say you get it for literally zero dollars on ebay. Pretty sweet right, free vacation? Wrong. Maintenance fees will be very expensive. At least 500-800$ yearly. So you are paying 500-800 a year, to hopefully go on vacation to the same place at the same time (if the word “points” just jumped into your brain, go to the next paragraph). This may be a discount of 0%-50%. So this is the one thing I will conceded this may provide you with a *small* discount. So a small discount to have a liability and complete lack of flexibility in a vacation is a terrible financial tradeoff. People that post that “the same room/condo would be 5k that week!” are always quoting the developers “stated rate” which is not market at all and basically made up. Give me an exact example if you think I’m wrong along with screen shot of your maintenance fees and again, gold to the first person. + +* “But 16semesters, I get points! I have plenty of flexibility” + +Points are garbage. Garbage. They oftentimes include an additional fee to use a different resort. No matter what the salesperson told you, there *are* byzantine rules on dates, switching out, etc. They are restrictive and expire after *at most* 3 years. They sell for fractions of their “value” on resale sites. Why would points be selling for so little on the resale market if they are such good deals? Wouldn't it be prudent to just buy the points at a significant discount and use those instead? Let me know your company your timeshare is through and I can promise I'll find points well below "retail". + +A lot of people also get second hand information on these things from family members that may be inaccurate or outdated so I’d caution passing off “well my aunt only pays X” unless you’ve seen some proof. It’s okay if you’ve been scam by a timeshare or someone in your family has. I’ve been scammed on other scams before, it doesn’t make you stupid. I write this post on the personal finance subreddit so that people can be informed moving forward. If anyone has disagreements or something I missed let me know. +Is this the Korean ants again and just an excuse for when the price inevitably rises in the next couple days? Is this an attempt at making people here look like they’re trying to manipulate and persuade others to buy the stock? Something smells fishy here to me. The amount of members on the sub hasn’t really increased significantly at all yet the amount posts about new people here are insane. All I know is buying, holding, and drsing. Thoughts anyone? +Both companies are reits specialise in warehouses and industrial real estate. They are the last two companies in my portfolio are still green. Today they took a plunge for no obvious reasons? Anyone know why? +WSB! All the degenerates, even the apes, I've missed you. Things are going well here. I'm still getting used to society. I have a lot of little restrictions that are annoying, but I'm mostly back to normal. + +What's up with the stock market? There is a lot of arbitrage/alpha out there. Times like these separate classes of traders and define future superstars. My advice: don't use leverage, hold cash, sell anything you're not 100% sure is a great investment and consider alternatives to just buy and HODL (selling options, shorting, etc.) + +I'll be around every day from here on out. Any questions, anything you need from Wall Street, any stock you want me to buy or sell, just let me know. I have always been trying to represent for the "little guy", having made hundreds of YouTube videos on investing and answering as many questions as I can. That doesn't mean every stock is going to make it, or that I'm always right. Investing/trading is a humbling and difficult exercise. Nevertheless, I'll have some original stock picks & DD coming in the next few days. + +AMA!!! +Hello all, + +I made a post two weeks ago about an idea I had and a lot of people were interested. Basically, my friend and I built a screener that selects the stocks that rank highest in momentum (12m-1m price return), quality (high ROA, low D/E) and value (low P/E, PB, P/CF, P/S). We built the screener because finviz and others do not let you select the stocks that are in the top 10% cheapest and 10% highest momentum. We have the data for global stocks, but I decided to make my first post about US stocks only. + +So here's the list of the 10 stocks ranking highest in momentum, value and quality (There were 25 stocks in my screener but I took the 10 stocks with the highest momentum): + +&#x200B; + +|Name|Ticker|D/E Ratio|Price Return 12m -1m|P/E Ratio|ROA| +|:-|:-|:-|:-|:-|:-| +|Sportsman's Warehouse Holdings, Inc.|SPWH|1.56|\+190%|10.34|10.62%| +|Lumber Liquidators Holdings, Inc.|LL|1.19|\+187%|15.29|8.16%| +|Educational Development Corporation|EDUC|0.29|\+168%|11.86|15.44%| +|Escalade, Inc.|ESCA|0.23|\+157%|10.59|17.43%| +|MarineMax, Inc.|HZO|0.67|\+154%|11.08|10.67%| +|Nu Skin Enterprises, Inc.|NUS|0.50|\+145%|13.60|10.82%| +|Allscripts Healthcare Solutions, Inc.|MDRX|0.17|\+118%|3.48|21.85%| +|Williams-Sonoma, Inc.|WSM|1.10|\+118%|18.70|13.57%| +|SIFCO Industries, Inc.|SIF|0.81|\+117%|3.58|12.13%| +|Haverty Furniture Companies, Inc.|HVT|0.92|\+109%|11.14|10.56%| + +&#x200B; + +Obvisouly, no one should buy any of these stocks only because they rank well in a few metrics, but I feel like weekly/monthly discussions about the stocks ranking highest in different ratios could be interesting for investors. Also, most of these stocks are small caps that aren't known by many, so it's a great way to learn about new companies. + +If you have any question/suggestion, please let me know! +I already know the advice I was going to get for the post I was planning in my head... get a therapist. And it's probably the correct advice. I'm googling for it, and I really don't know where to start. I want to find a really good fit for me and not just take what's available. + +I also wonder if a business coach is better or is a good supplement? And where do I find those? +> [U.S. TREASURY TO CHARGE SEVERAL FINANCIAL INSTITUTIONS FOR MONEY LAUNDERING USING CRYPTOCURRENCIES -SOURCES](https://twitter.com/Fxhedgers/status/1383611847144730626) + +[Reddit: Google Maps showig activity in Citadel HQ](https://www.reddit.com/r/Superstonk/comments/mt4j8w/shitadel_hq_oddly_busy_right_now_on_a_weekend/). + +[Google Maps link to Citadel HQ](https://www.google.co.uk/maps/place/Citadel+Enterprises+America's+LLC/@41.8801637,-87.6282023,19z/data=!3m1!5s0x880e2cbcb2674a9d:0x424899df3c9d2a63!4m5!3m4!1s0x880e2cbca3176469:0xb50c07f9bb38b9c1!8m2!3d41.8797542!4d-87.6291641). + + +On Google Maps it appears there was activity (and a lot, simply a few phones wouldn't have triggered Google to say there was activity at the HQ) at Citadel's HQ after hours. + +--- + +**Cryptocurrencies just took a MASSIVE dump**. Something crypto has NEVER seen before. Crypto is volatile, but this was unprecedented. I've been in crypto since 2017 and never seen anything like this. Bitcoin dumped from $59,000 to $51,000 in less than 20 minutes. + +*[[***INLINE EDIT***: cryptocurrency dump may be [unrelated](https://www.reddit.com/r/CryptoCurrency/comments/mt6cq5/ok_so_this_is_the_reason_for_the_dip/?utm_medium=android_app&utm_source=share) BUT **that doesn't matter**. If the Tweet is accurate, we can almost be sure that explains why there is currently activity at Citadel HQ. Check my final edit, there's insane activity at Citadel HQ right now.]]* + +--- + +The timing of this Tweet AND CITADEL HQ ACTIVITY confirms to me that these 2 events are definitely related, and brings validity to these rumours. + +I think HUGE news is about to drop boys. These charges will be very, very fucking interesting. + +Explained GME to a couple of my family members and showed them some DDs like the everything short and we are buying in again on Monday (especially because DFV doubled down, I regret not doubling down with him before and now he has given us the opportunity again). I'm an XXX holder from late last year and I'm not selling until I make at least $100,000,000 from this. The global economy is about to crash and GME is our hedge against it. + +Load up on tendies autists, this week might be insane. + +edit: added Google Maps link to Citadel HQ. + +edit 2: HOLY FUCK. **THEY ARE STILL AT CITADEL HQ**. I just realised the RED BAR is the LIVE activity. It literally shows the CURRENT activity. [LOOK AT THIS SCREENSHOT.](https://i.imgur.com/H4GBOBD.png) It shows there is STILL people at Citadel HQ. It's 1AM in Chicago. They have been there SINCE the [last post](https://www.reddit.com/r/Superstonk/comments/mt4j8w/shitadel_hq_oddly_busy_right_now_on_a_weekend/) which was made 3-4 hours ago. + +edit 3: Someone [got a picture of the lights on](https://www.reddit.com/r/Superstonk/comments/mt6rop/kenny_and_the_boys_working_late_on_saturday_huh/) in their HQ. Easy raid or employees shredding docs? [Here is another picture of the lights on from less than 20 minutes ago](https://i.imgur.com/HxMpmYh.jpg). + +edit 4: WHAT THE FUCK! [THERE IS MORE ACTIVITY AT CITADEL HQ RIGHT NOW AT 2 AM THAN THE PEAK ACTIVITY IS EVER DURING THE ENTIRE DAY FOR SATURDAY](https://i.imgur.com/jL7NtGK.png) + +edit 5: removed a paragraph talking about the cryptocurrency dump because it's UNRELATED. There is CRAZY activity at Citadel HQ right now, and if the Tweet is real it might be related +# How deep is this going to go? + +Although a much smaller developer it seems like every few days we are hearing of new defaults and growing pressure on a key area of China's economy. + +Bloomberg: + +" + +[Sinic Holdings Group Co. ](https://www.bloomberg.com/quote/2103:HK)became the latest Chinese real estate firm to default as investors wait to see whether China Evergrande Group Inc. will meet overdue interest payments on dollar bonds this week. + +Sinic’s credit rating was lowered by S&P Global Ratings to Selective Default from CC after the company [failed](https://www.bloomberg.com/news/terminal/R182H9T1UM15) to repay the interest and principal of its $250 million note due Monday, according to a statement dated Tuesday." + +" The strain on real estate companies add to a string of broader risks for China’s economy, which depends on the real estate market for about 30% of gross domestic product. Home prices fell in September for the first time in six years, while real estate investment slid for the first time since last year. " + +[https://www.bloomberg.com/news/articles/2021-10-20/chinese-developer-sinic-defaults-as-evergrande-contagion-spreads?srnd=markets-vp](https://www.bloomberg.com/news/articles/2021-10-20/chinese-developer-sinic-defaults-as-evergrande-contagion-spreads?srnd=markets-vp) + +[https://finance.yahoo.com/news/chinese-developer-sinic-defaults-amid-022709836.html](https://finance.yahoo.com/news/chinese-developer-sinic-defaults-amid-022709836.html) +Sorry if this isn't allowed. I posted on a different sub and was told to post here for tips on how to help my dad. +Basically, in January of this year, my mom passed away. We aren't 100% sure what she died from but my dad thinks it was an aneurysm. I was 16 at the time. I don't know exactly how much but I do know my dad went into a lot of debt for my mom. I know right now he still owes over 10 grand to the funeral home and is pretty much never home because he's always working over time or on holidays. He worked thanksgiving day and has already told me he's working christmas eve and christmas day for the pay. +The big problem is he's not paying our bills. We've had our lights shut off once already and he rarely buys groceries. Last night he told me he can't evem afford to buy me winter clothes because the funeral home is apparently calling him and demanding he pay more on his payments. But he refuses to let me get a job and even though I have my license, he won't let me drive my moms car. Ot has been sitting in our yard since she died and its just collecting dust but every time I bring it up, he yells at me and tells me I cant touch it. + +I don't know how to help him, or me. I need a new bra because the one I have now the underwire is constantly poking me .. All of my underwear has period blood stains and are at least 3 years old because my dad is too "squicked out" to buy me underwear. I need long sleeve shirts and an actual winter jacket. I'm still wearing short sleeves and just layering them so I have enough to wear. It just sucks right now + +I'm just not sure what to do for him. It seems like every time we talk, he gets upset and just ends up either yelling at me or shutting down and leaving in the middle of the conversation to lock himself in his room. I know he misses mom. I miss my mom too. She made everything better but right now I just want my dad back too. So if anyone has any idea on how I can help him please let me know. Thanks + +Edit: Sorry for anyone who has messaged me, my inbox has been kinda flooded. I am going to speak to my guidance counselor tomorrow at school about everything. I already have my own bank account (it's one of the last things my mom and I did together was open up my own bank account) Thank you everyone for all of the tips and helpful advice. I really appreciate it +I was reading [this Wikipedia article](https://en.m.wikipedia.org/wiki/Disposable_household_and_per_capita_income) that charts the mean and median disposable incomes of various OECD countries. I have only a layman’s knowledge of economics, but from what I understand, the US ranks somewhere between 1st and 3rd place in these charts. + +This suggests that Americans on the whole are actually well off. Why then do a lot of people on Reddit and elsewhere seem to operate off the assumption that most Americans are struggling and are much poorer than their fellow OECD brethren? Is disposable income not a good measure? +Title says it all really. With all the talk in the news of the government messing about with the student loan repayment mechanics, I thought I'd work out who gets screwed the hardest under the current system, because contrary to common belief it's not as simple as "earn more, pay more" due to the fact that student finance is still a loan which accrues interest. + +I therefore produced the following graph: https://imgur.com/a/G6xu2EQ assuming someone graduates today with £45k worth of debt. Along the bottom is their averaged career earnings, and up the side is how much they will pay for their degree over the 30 year term as it currently stands. + +As you can see, the people hit hardest are those who average yearly earnings of around £55-60k/year, as after this you start paying less than people who averaged lower earnings than you. At the steepest parts of the graph, someone earning £65k/year average pays back the same as someone earning £55k average and someone on £60k pays back more than either. + +Even more extreme, someone fortunate enough to average £100k across their whole career would pay the same as someone who only managed £47k. + +Now, obviously what this *doesn't* mean is that by getting a payrise from say £50k to £60k you're going to get screwed by this, since it depends on your *average* earnings over the 30 years. However, it *does* mean that you want to avoid spending a long time at that £60k/year figure if you can because this will drag your average either up or down to that amount and mean you pay perhaps tens of thousands more in interest. It also highlights that there are a non-insignificant group of people (about 10% by my reckoning) simultaneously subsidising both the 85% of lower earning graduates *and* the 5% of higher earning ones. +Hello world, this is the unpaid media news you were waiting for. + +Headline of the day: GME is down 13.60% on no news today and I will see every media outlet report about it, start asking yourself why. + +For more information, browse this sub. Ask yourself why a stock drops on no news and try to inform yourself about the stock market and the companies you are invested in. + +Have a good week and don’t forget to DRS. + +See you soon on the moon. 🦧❤️ + +Edit: Previous posts: [Friday news](https://www.reddit.com/r/Superstonk/comments/qxrvx6/gamestop_is_up_889_on_the_day_and_i_havent_seen/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), [Monday news](https://www.reddit.com/r/Superstonk/comments/qzw0kb/gamestop_is_up_817_on_the_day_and_i_havent_seen/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Edit 2: [Media report](https://www.reddit.com/r/Superstonk/comments/r0mzcx/finally_after_gme_surged_25_in_5_days_we_have/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +My estranged mom who moved overseas a few years ago sent me an email to stating that she wants to send me a gift of money for the holidays, and that it’d be best if she send it directly into my bank account. She wants me to send her my bank info. + +She’s the trustee of my trust fund that I’m the beneficiary of after my dad died, so I’m already receiving monthly money from the trust fund to my bank account. Shouldn’t she have that info already then? + +Why can’t she just mail me a check? In the past, she sent checks and even cash in the mail. Could it be a trojan horse that she’s asking for my bank info? She was financially controlling in various ways throughout my life (throwing money at me, essentially). I’m not sure if the gift she wants to send now is a Trojan horse. + +The message in her email (apparently send from her iPhone) is below. English isn’t her first language and the few emails English she did send to me in the past were filled with spelling, grammar and spacing issues like this one is. She usually emails me in her 1st language (with !!!! and ??? used there as well). + +I redacted my name with XXXX, and the email was single spaced, not double spaced like the way it’s formatted below. + +“Hi XXXX! + +How are you???????? + +I want to send you money + +Gift for coming Passover + +Better to your account + +In your bank + +Please send me all the information + +XXXX when you are ready + +We have to talke about + +All your weight !!!!!!! + +Love you very much + +Miss you a lot + + +Sent from my iPhone” +took me 5.5 yrs. but I made 8.5x. One of my first purchases ever from back when I was broke broke broke and had to break my budget just to buy 2 stocks (pre-split) so it's an extra good feeling. had to share somewhere. + +would love to hear other ppl's best stock pick stories too. +Hi all, + +This is the 2nd part of my r/asx_bets data analysis series, view the first part [here](https://www.reddit.com/r/ASX_Bets/comments/n14ii3/data_analysis_on_6months_of_rasx_bets_due/). + +I've continued to curate the most upvoted DD & Dumbfuck Discussion asx\_bets each week (since September last year), here's how they've continued to perform. + +**TLDR:** If only we could cash out at the very top since posted we'd be doing ok off these ASX DD posts after all! + +**Methodology** + +* see previous Reddit [post](https://www.reddit.com/r/ASX_Bets/comments/n14ii3/data_analysis_on_6months_of_rasx_bets_due/) (effectively I only include posts that had high upvotes in the week they were posted) +* There are now 85 DD posts included (since September last year) + +**Top due diligence posts based on maximum return since posting** + +This metric is for all the traders out there... it's the maximum return that could have been attained on a stock if you invested when the due diligence was posted on Reddit and cashed out at the highest price since then. + +1. [🥇](https://emojipedia.org/1st-place-medal/)[DOU - Douugh DD](https://www.reddit.com/r/ASX_Bets/comments/j5yx5l/dou_douugh_dd/) ([u/itsdankreddit](https://www.reddit.com/user/itsdankreddit)) **+600%** +2. [🥈](https://emojipedia.org/2nd-place-medal/)[DD time - Credit Intelligence (CI1)](https://www.reddit.com/r/ASX_Bets/comments/krj0eg/dd_time_credit_intelligence_ci1/) ([u/NocturneHS](https://www.reddit.com/user/NocturneHS/)) **+333%** +3. [🥉](https://emojipedia.org/3rd-place-medal/)[DW8 and why you should own it.](https://www.reddit.com/r/ASX_Bets/comments/lk4r65/dw8_and_why_you_should_own_it/) ([u/shadowpheonix2](https://www.reddit.com/user/shadowpheonix2/)) **+250%** +4. [Big Time Flexiroam (FRX) spruik including absolutely reckless amounts of DD](https://www.reddit.com/r/ASX_Bets/comments/lb804i/big_time_flexiroam_frx_spruik_including/) ([u/Helmacron](https://www.reddit.com/user/Helmacron/)) **+233%** +5. [NC6 is a gdamn beautiful stock - listen to my spruik](https://www.reddit.com/r/ASX_Bets/comments/j2g3yw/nc6_is_a_gdamn_beautiful_stock_listen_to_my_spruik/) ([u/Helmacron](https://www.reddit.com/user/Helmacron/)) **+188%** + +Further insights: + +* 9 other posts had returns over 100%. +* The median return from posting to maximum price since posting was 18%, and the average 55%... +* Interestingly, only 6 stocks were posted at their maximum, 79 went on to achieve a higher price after being posted at some point + +**Highest returning stock due diligence/ research posts to date** + +Stock standard return to today since posting (not to ATH like above) + +1. [🥇 Imugene (IMU) - DD](https://www.reddit.com/r/ASX_Bets/comments/mlu7y2/imugene_imu_dd/) ([u/badonkadonkthrowaway](https://www.reddit.com/user/badonkadonkthrowaway/)) **+ 156%** +2. [🥈](https://emojipedia.org/2nd-place-medal/)[FLN DD](https://www.reddit.com/r/ASX_Bets/comments/k7po95/fln_dd_now_we_can_start_paying_others_in_3rd/) ([u/ramzataztaz](https://www.reddit.com/u/ramzataztaz/)) **+ 112%** +3. 🥉 [ASX:IHL Incannex Healthcare Biotech/Medicinal Cannabis](https://www.reddit.com/r/ASX_Bets/comments/jz5jm8/asxihl_incannex_healthcare_biotechmedicinal/) ([u/Exalted\_HC](https://www.reddit.com/u/Exalted_HC/)) + **100%** +4. [DW8 and why you should own it.](https://www.reddit.com/r/ASX_Bets/comments/lk4r65/dw8_and_why_you_should_own_it/) ([u/shadowpheonix2](https://www.reddit.com/user/shadowpheonix2/)) **+83%** +5. [ANP - Antisense Therapeutics](https://www.reddit.com/r/ASX_Bets/comments/khyx1o/anp_antisense_therapeutics/) (u/[Tropical\_Chilli](https://www.reddit.com/user/Tropical_Chilli/)) **+62%** + +Further insights: + +* The average return is 0.05% (from date of posting to today) amongst DD posts included +* The median return was -0.51% + * These both mean investing in all posts that are voted an ok amount each week on Reddit probably isn't the best strategy...? + +**Lowest returning due diligence to date** + +* 😢 [Emerge Gaming (ASX:EM1) - A Final Word](https://www.reddit.com/r/ASX_Bets/comments/k9k7mh/emerge_gaming_asxem1_a_final_word/) ([u/neke86](https://www.reddit.com/u/neke86/)) **-73%** (note this **user posted some solid DD here** because the post was bearish on the stock) + +Hats off to all users above for your performance... let me know if there are any further analysis/ ideas to expand on this below. + +**Final note:** Obviously there's many limitations with this analysis... however it's cool to just see how Reddit DD posts have actually performed since being posted. +Hey everybody!!! + +JINU **just got listed on CoinMarketCap** so we can't keep quiet anymore!!! + +If you are tired of scam coins and just want something with a real **purpose**, a **reputable charity**, **legitimate branding** (which we are completely redoing right now), that's **run like a business** with real-world business people, with alliances and **partnerships** already set in place, and with **TRUE moonshot potential**... this is the coin for you. + +​**The Story** (Community Takeover) + +JINU was originally set up as a scam and was rug-pulled in the first 24 hours (on May 20th). We, the people who were burned the worst, got together and didn't let the coin die. We took steps to completely secure the coin, make sure the original dev was out (including his friends), and began building everything up SLOWLY... the way we would build a real business. + +Our proof is in our Telegram chat... you can follow our entire journey. We're not saying "trust us," we're showing you every bit of communication we've had for a month, with all our goals, predictions, thought processes... and you can see if we have delivered on them or not! + +We do voice chats almost every day with the community, lots of Q&A, and have very well thought-out strategies which guide our decisions. + +​**What you're getting if you get in right now...** + +​* **Entry Level Prices** \- Price is where this coin started trading at in the first few hours it launched (except now you KNOW it's been around for a while) + +* **Rebranding** \- Complete rebranding like a product that would go into nationwide stores like Walmart. Our branding has gone through market analysis, positioning statements, paid professional designers... and it all ties in together. Probably one of the most cohesive dog coin brands made + +* **Current Tokenomics** \- 2% transaction fee (1% goes to a burn wallet, 1% redistributed to holders) + +* **Plans for new Tokenomics in 2-3 months** \- Deflationary tokens are bad in the LONG RUN. We want to move away from the burn and redistribution, but keep the transaction fee. The transaction fee will go to a marketing wallet. Anything not spent on the marketing will be donated to a charity. + +* **Charity** \- The charity is already decided and ties in with our rebranding (which is why it is still kind of a secret). But it is a HUGE international charity which helps sick childrens' wishes come true :) It is a cause everyone supports and will be completely transparent + +* **Other obvious things**: Liquidity is locked and burned, Ownership renounced, Less than 5 holders with 1% or more, Core Team fully doxed with each other, very low market cap... everything you are looking for in a coin + +The **CoinMarketCap listing** has brought a lot of attention to us. And we wanted to keep things quiet until we launched the rebranded website next week... but since the secret is out, might as well shout it from the rooftops!!! + +We've seen over 150% price increase since the listing and we expect that to continue considering how low the market cap is. This really is the best time to buy. At the current valuation, even a little bit can go a **LONG WAY!** One of the only coins with a true 100-1000x potential. + +​Your first stop should be either our **website** or **Telegram**. But please see below for all the links! + +**Website**: [https://jinuethereum.com/](https://jinuethereum.com/) + +**Telegram**: [https://t.me/jinuethereum](https://t.me/jinuethereum) + +**Price chart**: [https://www.dextools.io/app/uniswap/pair-explorer/0x428bc363a7d743425863d6e5699683a69cacedc8] + +**Etherscan**: [https://etherscan.io/token/0x439dd02bfd144a5d6a5967895358e0d25d5ab784] + +**Contract Address**: 0x439dd02bfd144a5d6a5967895358e0d25d5ab784 +I think I have found a real gem. **Milpool** features: + +* 100 tokens max supply and is not stopping until it reaches a price of $1M USD per MILPOOL. +* It is only two days from a fair stealth launch. +* It quickly pushed up to a 190k-200k MC and is stable. +* It has already attracted 150+ holders that are committed to the project long term. +* Still really early days for the project with so much growth left to go. + +Having an ambitious price target combined with a highly limited supply is such a brilliant idea, and I have not seen it in the token space before. It keeps every holder focused on the long term objective, and will attract significant media attention as it passes key milestones (such as parity with BTC, or 500k per token). + +The *Aussie* dev team have really impressed me with the launch distribution: no presale or pre-allocated dev tokens, 100% of LP locked, contract renounced, and a real stealth launch with no pump and dump. + +They have also demonstrated their long term commitment to the project: + +* Devs are really active on Telegram and we have a really friendly group of people there. I always enjoy hearing a dev say “G'day mate” when we get new members! +* They have done 2 voice AMAs that went over really well with the community, and many more are to come. +* They put a lot of effort into the design of the token and the whitepaper (check it out on the website). Everything is impressive and strikes me as authentic which is so rare in this space. + +BSC is yearning for a token that serves as a ***real*** store of value. I really believe this is the opening days of the next big token, the contract passes every test you throw at it and the tokenomics are so honest. Most tokens have all these mechanics that primarily benefit whales and are paid for through regressive transaction taxes, it is so refreshing to see a token that presents everything as they are. + +Learn more about **Milpool** and be sure to join the Telegram community! + +Get it on Pancakeswap (try slippage 2-5+%): +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0db8ae5e52b8248bed582961d9b5a6c2d515d083](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0db8ae5e52b8248bed582961d9b5a6c2d515d083) + +Website: [https://milpool.finance](https://milpool.finance/) + +Telegram: [https://t.me/milpoolfinance](https://t.me/milpoolfinance) + +BSCScan: [https://bscscan.com/token/0x0db8ae5e52b8248bed582961d9b5a6c2d515d083](https://bscscan.com/token/0x0db8ae5e52b8248bed582961d9b5a6c2d515d083) + +Reddit: [https://www.reddit.com/r/milpoolfinance/](https://www.reddit.com/r/milpoolfinance/) + +Twitter: [https://twitter.com/MilpoolFinance](https://twitter.com/MilpoolFinance) +I've been told its illegal to pay for sex but my BTC isnt a legal tender, so I that makes it more like bartering, right? Show me where it says in that there rule book, that trading services between two consenting adults is illegal. + +Im sure this is very embarassing for you officer, but mistakes happen to even the best of us. Just release me and dont tell my wife, and I wont report this to your superiors. + +Cant wait to see in a week/month/year, whether this was the cheapest or most expensive BJ of my life - or both. +#ON RRP team GET IN HERE + + +LISTEN TO THIS SHIT: + +* **Blackrock** - FedFund: ON RRP is ***37.55%*** of fund -- **$64bn** [(sauce)](https://www.blackrock.com/cash/en-us/products/282628/) + + * **unsubsidized** yield is ***-0.11 percent [HOLY SHIT - NEGATIVE!!]*** + * i.e. *THEY WOULD LOSE MONEY ON BONDS WITHOUT ON RRP* +* **Blackrock** - T-Fund: ON RRP is ***41.30%*** of fund -- **$49bn** [(sauce)](https://www.blackrock.com/cash/en-us/products/282770/) + * **unsubsidized** yield is ***-0.12 percent*** +* **Vanguard** - Federal Money Market Fund - ON RRP is ***37.5%***[(?)](https://investor.vanguard.com/mutual-funds/profile/portfolio/vmfxx) of fund -- **$65.2bn** +* **Vanguard** - Market Liquidity Fund - ON RRP is ***48.06%*** of fund -- **$53.8bn** [(sauce)](https://institutional.vanguard.com/investments/product-details/fund/1142) +* **Fidelity** - Fidelity Cash Central Fund - ON RRP is ***~76%***[(!?)](https://fundresearch.fidelity.com/mutual-funds/view-all/31635A105) of fund **$51.5bn** +* **Fidelity** - Fidelity Government Cash Reserves - ON RRP is ***57.9%*** of fund -- **$66.5bn** [(sauce)](https://fundresearch.fidelity.com/mutual-funds/composition/316067107) +* **Fidelity** - Fidelity Government Money Market - ON RRP is ***58.12%*** of fund -- **$74.5bn** [(sauce)](https://fundresearch.fidelity.com/mutual-funds/composition/31617H102) +* **JP Morgan** - US Goverment Money Market - ON RRP is ***42.4%*** of fund -- **$89.4bn** [(sauce)](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-us-government-money-market-fund-morgan-4812c2676) + +Edit: totals are + +#$503.9 bn of ON RRP between these 8 participants + +[**Source article - can't link or else post goes away, remove spaces**](https:// wallstreetonparade.com/2021/10/the-fed-is-subsidizing-the-money-market-funds-operated-by-larry-finks-blackrock-funds-as-blackrock-manages-a-big-part-of-jerome-powells-wealth/) + +A quote within the article [(original sauce)](https://research-doc.credit-suisse.com/docView?language=ENG&format=PDF&sourceid=em&document_id=1083848471&serialid=hNxfY6HW1UslNN%2FdfWqo78%2B4uievAgm%2Ff9k67Q5kUMs%3D&cspId=null) + +> “…the Fed made a policy error: it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it ‘unduly’ high – as one money fund manager put it, ‘yesterday we could not even get a basis point a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.’ ” + +&nbsp; + +**TL;DR: ON RRP is being used to prop up gov't bonds funds at the big institutions - i.e. the other bonds yields' are NEGATIVE without RRP** + +&nbsp; + +*So, what happens if Money Market funds - or GOVERNMENT money market funds - at Fidelity, Vanguard, JP Morgan, and Blackrock...* + +&nbsp; + +*...go negative?* +If you’re blissfully unaware of some of the events on the sub in the past 24-48 hours because your zen mode is engaged, more power to you. We’ll wake you when the ticker price has two commas. If you’ve been around and active, you're likely aware of community responses regarding mod actions taken against high profile community members, associated with a project called DRSGME. + +&#x200B; + +Let’s start with some context: A few weeks ago, the mod team posted about our serious concerns regarding the DRSGME fundraiser. If you haven’t read that post, please do. You can find it here: [Serious Concerns & Updates Regarding DRSGME.org](https://www.reddit.com/r/Superstonk/comments/vqpaxt/serious_concerns_updates_regarding_drsgmeorg/) + +&#x200B; + +In summary, this post originated out of concerns regarding a lack of transparency, misuse of funds, and a questionable ad campaign painting holders of GME in an undesirable light. The mod team made every attempt to gain transparency and understand this fundraiser. Ultimately however, the mod team publicly made the decision to sever ties from DRSGME.org, permitting only references to its free educational components, as the founders did not seem to take feedback well and were clearly going to continue their fundraising and ad campaigns + +&#x200B; + +https://preview.redd.it/4av62rxfzye91.png?width=512&format=png&auto=webp&s=03eb09b4577092fdfa59610c21e605da2051042c + +Below are some of the efforts we pushed for regarding transparency. + +&#x200B; + +https://preview.redd.it/hm3d5d2nzye91.jpg?width=313&format=pjpg&auto=webp&s=d2b094c10080555d8771dddf6abf8531d961a84e + +&#x200B; + +https://preview.redd.it/qrvgzwbozye91.jpg?width=346&format=pjpg&auto=webp&s=a02583570197628444736e4c8055b4104f513c27 + +&#x200B; + +&#x200B; + +https://preview.redd.it/w95il2wozye91.jpg?width=512&format=pjpg&auto=webp&s=bfd0f5dcbd5ab0d205a54e27086f0189ed911abf + +&#x200B; + +https://preview.redd.it/7wzqslkxzye91.jpg?width=324&format=pjpg&auto=webp&s=96e471b27491529e1b89caee97a665d82aae4bcc + +It should be noted that since that post and the decision to sever ties was made, we can confirm the following: The fundraiser is still open, nearly $16,000 has been collected and withdrawn to a business checking account under u/millertime1216's own name and that he has sole control over, and since June 30th, the day of the last “transparency” update, there have been no further accounting of the allocation or the funds. It appears that once they were no longer able to use Superstonk as a platform to promote their fundraiser, they no longer cared about providing transparency to those who submitted donations. This, to say the least, is extremely concerning and unsettling. + +&#x200B; + +Although we are no longer allowing posts to continue to promote the website or its advertising and fundraising campaigns, the sub has consistently been flooded with comments directing users to visit a site that prompts its users to donate while once again, no further transparency of the funds are being published. We have been lenient about these references especially when used in the educational context because we are aware that there is significant support on the sub for pro-DRS content . + +&#x200B; + +We have repeatedly tried to work with people from DRSGME for months now. Instead of adhering to the rules (specifically about spamming) and despite multiple warnings, ways of following the letter of the rules and not the spirit of them have been used, and that’s not okay. + +&#x200B; + +One user in particular has been flooding the site with DRSGME spam, generating a significant amount of reports. Such a large amount of reports are an issue to Reddit site wide rules generally and could mask or hide other reports which require immediate mod attention. Now, we recognize that the most adamant pro-DRS users here may approve of the content within the spam. But whether you agree with the message or not, these comments are considered spam by Reddit. Spam generates reports, and reports piled up means that communities are not being moderated. Reddit does not tolerate subs that are not effectively moderated and it is our job to make sure Superstonk is not at risk of quarantine or getting shut down. + +&#x200B; + +Dating back to February 27, this user has been asked not to spam the sub. After months of requests for them to post authentic content, on July 26, this user was given a temporary ban and reminded not to spam. The spam was to encourage community members to visit their website where a major focus is their GoFundMe to support a questionable ad campaign that features symbols such as the Guy Fawkes mask, which a majority of users have expressed concern with. This is not acceptable. Further, no data or analysis has been provided as to why this spamming is necessary – targeting people who are already posting their successful DRS positions on Reddit doesn’t seem to align with the vision of bringing in new investors from outside Reddit who haven’t heard of DRS. Without conclusive data or analysis, it appears counterintuitive and doesn’t advance their stated goals. + +&#x200B; + +On July 28, immediately after the ban was lifted, there were around 40 nearly identical comments in an extremely short window of time with the same spammed content; although the website links were removed, these messages still are considered spam, and our suggestions for switching up the comments to avoid reports were once again ignored. + +&#x200B; + +&#x200B; + +[Feb 27](https://preview.redd.it/3vazxgr20ze91.png?width=512&format=png&auto=webp&s=46e1834e995e85cb7691737092f5a9d8a3273efd) + +&#x200B; + +[Feb 27](https://preview.redd.it/vtolft090ze91.png?width=512&format=png&auto=webp&s=75d2285af5d41df904008d9a8d46a27df9439be6) + +&#x200B; + +[Feb 27](https://preview.redd.it/8rczhmg90ze91.png?width=512&format=png&auto=webp&s=f8c148b04e1d94218022b59783d68e75eb5dcd9a) + +&#x200B; + +[Feb 27](https://preview.redd.it/n0eveq2a0ze91.png?width=512&format=png&auto=webp&s=dd050022b1ca8c990cd18a925d66170d513c3d8e) + +&#x200B; + +&#x200B; + +[June - Explaining Reddit spam rules again](https://preview.redd.it/ht379uxx0ze91.png?width=512&format=png&auto=webp&s=150ec8754755d42e04e68468e9c75793dc746f87) + +&#x200B; + +https://preview.redd.it/y404t1oy0ze91.png?width=315&format=png&auto=webp&s=f39f561683ad95eaf13d93676b91780774a39a6e + +&#x200B; + +https://preview.redd.it/tdy1r5dz0ze91.png?width=512&format=png&auto=webp&s=f5e24b3b13f3af86b82aa77728edc478cdb83324 + +Referencing the Reddit definition of spam, here: [What constitutes spam? Am I a spammer? – Reddit Help](https://reddit.zendesk.com/hc/en-us/articles/360043504051-What-constitutes-spam-Am-I-a-spammer-#:~:text=Spam%20on%20Reddit%20is%20generally%20defined%20as%20repeated%2C,by%20content%20removal%20and%20account%20suspension%20or%20termination) + +&#x200B; + +This result of continued spamming was the last straw. After months of this user bending and disregarding the rules, the collective decision was made by the mod team to ban them. Now, you may feel it was unwarranted. You may disagree with the definition of spamming. You may really like the content that was being spammed because you are a supporter of DRS. The fact remains that this step by the mod team should not have come as a surprise to this user because there were multiple warnings leading up to it and this was merely an enforcement of Reddit and Superstonk rules. + +&#x200B; + +We repeatedly tried to work with him so his comments wouldn't get reported. Reports are anonymous; if our advice had been followed, we would have been able to prove their comments were being targeted. Unfortunately, we'll never know as it wasn't. + +&#x200B; + +It should also be noted that since we made the decision to no longer allow the fundraising and ad campaign to be featured on Superstonk, prominent members of DRSGME changed their user flairs to things like 'fuck Superstonk' and otherwise have actively encouraged 'war' with the mods as retaliation. We would expect that as the leader of DRSGME who claims to care about the DRS cause and the community, he would ensure that this type of behavior was not being permitted. + +&#x200B; + +If there was a chance for leniency, the actions following the ban have severed that. Rather than appeal this decision and try to work things out amicably with the mod team which is always an option open to anyone banned, or accept constructive feedback and simply change their behavior, this user has instead decided to retaliate against Superstonk, as regular users of this sub have no doubt seen. One single user does not represent DRS, yet the current narrative being pushed on the sub suggests otherwise. We have millions of shares direct registered due to the collective efforts of DD writers, guide authors, bot developers, site scrapers and YOU,the organic contributors to this saga. + +&#x200B; + +We are flooded with reports due to hundreds of users thinking the appropriate action to retaliate is to report every mod and QVcomment. This behavior is no different than that of the shills and bots being claimed to have done the same to this user. Clogging up the modqueue like this could potentially lead to Reddit Admins adding their own mods here or closing the sub. This isn’t fear mongering… this is the reality we are faced with. We’re not complaining about the workload - we knew what we signed up for when we volunteered for this role and have been working nonstop to ensure that the sub does not get shut down. The retaliation isn’t just against the mod team, these users are also throwing innocent apes under the bus by continuously tagging them and suggesting they receive bans too. Someone posting the one same post each day is not the same as someone commenting identical comments hundreds of times each day. + +&#x200B; + +So, yes, faced with this situation, we began removing posts and comments to control forum sliding. Yes, we issued temporary bans to those who continued spamming the sub. And yes, we will continue to do that because it is our job as moderators of the sub. If you care about the success of this community, GameStop , and DRS, instead of directing your attention to issues that divide us, it's time to start remembering things that brought this community together. If DRS is your passion, discuss it in a civil and engaging way that brings people in and encourages them to learn more. + +&#x200B; + +Bottom line is this: the mod team puts more time and energy into keeping this place safe and civil than you’d probably believe. We care so deeply about the success of GameStop, and we’re willing to make tough, unpopular decisions that keep this sub the best community we can. But it takes all of us working together to keep this place going. If you see somebody being rude in comments, don’t flame them back. Report it. If you disagree with somebody, ask questions and seek to understand, don’t just call them a shill. If you disagree with a decision we make, or a ban we issue, give us the decency of assuming good intent, ask questions and appeal to us through logic and reason. Don’t attack members of this community. Don’t attack the mods that are trying to keep it safe. Ape no fight ape. + + +Edit: due to repeating issues stemming from a general attitude of toxicity and a total unwillingness to work with the community we've also just permabanned u/derhyperschlaue. See here: [https://www.reddit.com/r/Superstonk/comments/wczhxl/comment/iihseqp/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/wczhxl/comment/iihseqp/?utm_source=share&utm_medium=web2x&context=3) +Using [EV-CPO.com](https://EV-CPO.com), I've been tracking used Model 3 pricing primarily for my own research. I have parameters set for Clean title, under $45k, and under 30k miles. A month ago, a couple would pop up and get snagged very quickly. Since 11/8, average pricing has come down around 6%, but the amount of inventory has been doubling each week. 70 @ 11/17, 150 @ 11/22, 288 @ 11/27. It appears inventory is getting released but cars are just sitting likely because a base 2023 M3 (edit: Tesla Model 3) is $46k with only a couple week lead time. But whether it's Elon's antics tarnishing the brand, high interest rates, or hesitancy in spending, it seems like it's having an effect for sure. +I have watched a few of his videos and he mentioned that quite a lot of our theoretical outlook of economics is not supported by empirical evidence, I was just wondering how mainstream economists deal with his criticisms and whether his criticisms really have practical effects on the predictability of current models. + +Some of his key criticisms are: + +1. Empirical evidence points to the conclusion that supply curves should be pointing downwards as engineers build factories so that they get more efficient as a factory reaches capacity, so their is no diminishing marginal utility of labor when capital is fixed. +2. Equilibrium models should be replaced with models that study markets predominately at dis-equilibrium as the markets are never at equilibrium. +3. Rationality of economic agent's is a fiction and many consumers are very irrational. +4. Mathematics shows us that market supply and demand curves can follow any polynomial and don't have to be upwards sloping. +5. That mainstream economics doesn't adequately integrate the banking sector and that with models that focus on private debt, you can get models that approximate the before, during and after the GFC. +6. Focusing on monopolistic competition as a predominant market structure misses out on the key benefits of capitalism which is the non-homogeneity of products. +7. Workers don't get paid their MPL in the labour market. + +&#x200B; +Hey /r/AskEconomics, + +I'm considering pursuing graduate school in economics. I could use some advice. + +**The Core Motivation** + +I've never known what to do with my personal life. +I got good grades in a hard major (chemistry) but have largely floated around aimlessly both in college and after college. My primary hangup is the drive for financial security - coming of age during 2008 had an enormous impact on my worldview. + +As a result, I've chosen $$ and stability over fulfilling vocations. + +In the two years since college, I've sold $200,000 worth of used textbooks on Amazon &, more recently, landed a job in finance. Despite the good money, I don't actually *like* anything I'm doing. + +What do I like? Studying income inequality. I've spent the lion's share of my free time reading up on it for the last six months. Not pop news bs, but reading academic papers, books written by experts on the topic, and listening to two-hour-long-dry-as-fuck talks by former FED chairmen. + +I like this stuff and I'd like to get paid to work on it. + +**Why Economics?** + +In my view, (lack) of access to resources is tied to 95% of the problems we can face as humans. + +Get the economy correct and everything else becomes vastly easier. + +**Why *not* economics?** + +My background is hella light on math (I only ever took Calc I) and coding. I *can* learn these skills if I desperately needed to, I just don't want to. (95th percentile math GRE + I coded a card jame in Java Script once and taught myself some basic HTML - aptitude is there, just not the desire) + +I recognize that this puts me at a distinct disadvantage in a field based around 1) math and 2) large data sets which need to be manipulated by code. + +That said, I'm put off by the focus on math in economics in general. More specifically, the reliance on complicated mathematically theoretical models which are followed with more zealousness than their basis in empirical data deserves. + +I'm not alone in thinking this. + +Economics is a social science which thinks it has the authority of a physical science because it employs so much math. + +As a chemist with experience with both, I can tell the difference. Most of the 'laws' of chemistry (and physics, for that matter) were derived empirically. We didn't just sit around and suddenly come up with the ideal gas laws or the planck constant. If you want an example of the kind of work a theoretical chemists produced before our measurement capabilities caught up, just look at Aristotle's five elements theory (Earth fire water air and aether). + +Y'all know as much about inflation as Aristotle knew about chemistry. + + +However, I shouldn't dismissively criticize an entire field just before deciding to study it... I recognize that economists would make excellent scientists - were they handed a 'lab setting' which is afforded the practitioners of harder sciences. + +**What I need advice on** + +What's the best 'version' or 'school' of economics if my goal is to study poverty & inequality? I've already got my eyes set on quantitative easing and therefore monetary theory. What else is out there? + +Who's known for studying poverty / inequality? + +Is there a way to do economics without high math skills? If not, can you suggest an alternative path? +How different would the American economy and the world economy be if the Fed suddenly stopped existing? What if the Fed never existed? (I’m American) Do other countries have a Fed-equivalent within their economies? +Just delved into the market a couple weeks ago, so I’m looking for some helpful advice wherever I can get it. + +Appreciate anyone who takes time out to comment! + +Intro about my trading journey: + +I have been learning how to trade and doing multiple internships and working at prop shops on and off for the last 10 years. + +I’ve been trading more seriously for the last 3 years. 1.5 years in a prop shop and 1.5 years independently part-time and have been consistently profitable (Notably, the past 1.5 years I’ve started to be more confident and trading aggressively - of course with sensible risk-reward, took an 8k account to 125k). For now, I am fairly confident of making at least 10k a month or 2x-3x an account yearly. + +Problem is, even with this relative success, it’s hard to imagine long term success. The market is always changing and you have to learn how to adapt to find an edge. It’s hard to be confident that you’ll always be able to find that edge. Even though I have been doing so for the last 3 years consistently. + +I would rly love to have the option to just leave my job and trade full-time. But the uncertainty is what is stopping me. + +So for the full-time traders out there. How did you find the confidence to know that you will be able to hang in there in the long run? Or do you have to accept that you’ll never know when you’ll be unprofitable? +I don't look at charts, so I'm curious what's popular these days regarding patterns that you guys find interesting/useful. Any feedback is appreciated thanks guys. +Warren Buffet discusses this concept openly and I wanted to bring to the forefront for traders. It's always good to pick our heads up from our work and survey the landscape from a macro view. I think one of the critical turning points in my life was when I branched out from simply investing in the markets to other ventures. This is something that I think we'd all benefit from additional discussions on - particularly for those mature investors that have mastered their investing skillset and would benefit from applying capital to other ventures. + +For me it started simply with title investing, then hard money loans, then angel investing, and then real estate. This combination of ventures has served me extremely well. I have 7 streams of income and am simultaneously building equity in property. + +Curious what others do to attain additional streams of income. + +\-Erik +So, I have been researching some ineicators that may make up for quite the interesting strategy for stock cfd and index trading. + +First, I plan to use two sets of Bollinger Bands, one with a 1sd and the other with a 2sd. If the price goes above the 1sd upper band I'llconsider it my signal for buy, placing take peofit directly above the 2sd upper band and my stop loss right below the 1sd lower band. + +Now, I plan to use RSI to gauge the trend, using 50 as a point of reference, only entering the trade with the Bollinger Band strategy mentioned above when it goes above 50. + +Maybe I can add a MACD to see if there is going to be a soon to happen convergence and have a more solid grasp of how soon the trend will be possibly reversing or if it'll still go on. + + +PD: I'm a novice trader who has recently started practising simulator, please provide me with advice regarding the strategy I came up with. +Just delved into the market a couple weeks ago, so I’m looking for some helpful advice wherever I can get it. + +Appreciate anyone who takes time out to comment! + +*Each week I'll be picking a random ASX stock that I've (personally, yes I'm aware it may have been covered at some point in history) rarely seen discussed online - and that I do NOT hold - that* ***you*** *voted for, for us to dive into for some "DD".* + +*This is for us to have a look at what it does, comb over their financials, and in the end discuss whether or not we'd buy into it. Not all of these stocks may be sexy or appealing; the whole point is to shine a light on what companies are doing out there on the ASX which never get much coverage - for good or bad.* + +*The main purpose being to add some more variety in coverage to the standard blue chips or meme stocks we see pumped day in and day out, and hopefully discover some hidden gems or innovative companies on the Aussie market.* + +*Here's this week's Random Stock of the Week.* + +**Company name:** Jupiter Mines Limited + +https://preview.redd.it/49pkk826txb81.png?width=1117&format=png&auto=webp&s=806bf1b10de0638822586afd06782cec026e9097 + +**Ticker:** JMS + +**Industry:** Mining + +**Headquarters:** Perth, WA + +**Market cap:** $450m + +**Current share price:** $0.23 + +**P/E ratio:** \~7 + +**1-year Performance:** \-21.20% + +**What they do, smoothbrain version:** force poor South Africans to mine iron ore's ugly cousin out of the ground in order to pay the fatcat board and shareholders phat dividends + +**What they say they do, wanky version:** "Jupiter is an Australian registered public company listed on the Australian Securities Exchange ("ASX") which has as its main asset a 49.9% beneficial interest in Tshipi é Ntle, an independently operated and managed, black empowered manganese mining company." 🍆👋 + +**What they do, actual version:** Jupiter Mines Limited (JMS) are a Perth-based Australian mining company whose main asset is their ownership stake in the South African Tshipi manganese mine. + +Located in the Kalahari in the Northern Cape region of South Africa, the mine is the 3rd-largest of its kind in the world. It's an open-pit mine with a shallow resource, making for a relatively low-cost mining operation with an easily accessible mineral product as its focus: manganese. + +Manganese ore is primarily used in the production of carbon steel in order to increase its strength and flexibility; the ore is reduced in a blast furnace to create ferromanganese, which is then used for making steel itself. + +[JMS’ MANGANESE MINE IS THE 3RD-LARGEST OF ITS KIND IN THE WORLD](https://preview.redd.it/q2ldueo9txb81.jpg?width=950&format=pjpg&auto=webp&s=6a4fb1d1d7cbe806fa0e59fc6e7ac2ea7e23f1ef) + +The Tshipi mine is a pretty consistent and predictable operation in terms of production volumes; with some minor fluctuations year-to-year, an average of around 3.3 million tons of manganese ore are extracted on a yearly basis. + +It's an extensive resource, with an estimate 30 years of mine life left and is connected via an efficient transport network with its own rail loop, making it one of the industry's fastest and most efficient loading stations. + +Being a single-commodity producer - the company recently divested itself of previously-held iron ore assets, and is now the only pure-play manganese producer on the ASX - the spot price of manganese ore is obviously the driving factor of the company's profitability. + +While the company's mine's volumes are high, South African manganese (including JMS') tends to be lower grade (37%), and so can be one of the first to suffer when tighter regulations around the control/use of high-purity manganese are prioritized. + +Other factors, such as the costs of logistics/freight, weather issues, and the occasional spot of civil unrest (hello, South Africa!) can all eat into margins to varying degrees from one year to the next. + +The majority of JMS' clients are in Asia (primarily China), with a diverse range of customers and not overly reliant on any single one for revenue. However, the commodity is still highly subject to macro Chinese demand, which has had a direct impact on the last years' worth of consumption. + +As a result, the price of manganese has been fairly flat / on a middling trend since tailing off after a price spike in mid-2020: + +https://preview.redd.it/y3pjgclctxb81.png?width=934&format=png&auto=webp&s=6b73657924549a8317ec133dddbb5de971749829 + +JMS was founded as a company back in 2003, but listed on the ASX in 2018. It has generated a total return of -1.19% p.a (including dividends) since it listed. + +**What looks good:** + +* Its low cost of production, resource accessibility, and scalability make JMS able to respond pretty well to macro-economic conditions and demand spikes/lulls for its commodity while still maintaining profitability. +* This flexibility results from their ability to quickly either scale up or back their production volumes as needed, as well as adjust their ratios of ore transported by rail vs. road to keep a control on costs. +* Since its inception on the ASX, the company has been a massive dividend payer. One of the initial key directives/selling points of the company was returning value directly to shareholders, and the company certainly has done that: + +https://preview.redd.it/vqghsj5etxb81.png?width=1077&format=png&auto=webp&s=495cf7be865724413aa5dc8d146eca5af83d9831 + +* Even in a relative 'down year' for their commodity, the company was still highly profitable, paying out a 10%+ dividend yield and allowing it to keep a robust balance sheet with millions of dollars in the bank. +* The Tshipi mine is located in a region far away from where most of the social turmoil/civil unrest that has occurred in South Africa in recent years, meaning minimal disruptions to the company's operations outside of some minor port-unloading disruptions that were fairly immaterial to its overall earnings in 2020-2021. +* Its (previous; we'll cover this more below) CEO was a large holder and frequent buyer of company shares, and influenced the company to retain its large dividend payouts. +* Consistency is a key theme in terms of its production volumes. While they do fluctuate some, the company can be counted on to pump out relatively stable volumes of ore, with the macro price of the product its main influencer rather than the company's operations themselves. +* Global consumption/demand for Manganese has fairly been consistent in trending up over the last 10 years, albeit not rapidly so. This is by no means a "boom" metal/element along the lines of lithium with sudden consumption/demand spikes; however as a 'construction' metal, it trends up with global growth over the long term. + +https://preview.redd.it/cg3pkkmftxb81.png?width=1052&format=png&auto=webp&s=cb440dd61e2c2400284ef73373411febf4282fb6 + +* The company management have dropped hints they are considering spending some of their war chest to acquire assets that will allow them to diversify into the EV supply chain in the near future. +* They have zero debt on the balance sheet, and a pretty significant/valuable asset to go with it. +* Price to book value of its assets looks cheap, especially compared to some of its other smaller market cap peers in the ASX mining sector. +* Similar to iron ore, manganese may be set for a rebound in 2022 as China looks to pick back up its levels of steel production post-Olympics and once its real estate industry potentially re-stablises. + +**What doesn't look good:** + +* Declining revenue and profit figures since its original listing, with a share price which has largely followed the same downward trend. + +https://preview.redd.it/kzsgghpgtxb81.png?width=1320&format=png&auto=webp&s=dfe702d455cd069ae7a39f576a3a8bfd89a74d51 + +* JMS are a single commodity producer so your faith in its growth prospects, outside of management decisions, will largely depend on any catalysts for the ore itself. As a result, it is both at the whim of the general commodity cycle and not fully in control of its own destiny. +* Covid-19 has had a fairly substantial impact on the company's operations, with its effects resulting in reduced production and revenues due to a lack of driver & machinery operator availability. +* Global freight and shipping costs globally having blown out over the previous financial year have eaten into profits, as the price of shipping ore to China coupled with delays have impacted the bottom line. +* The lower grade of their ores makes potentially "the first domino" to fall when demand declines/standards tighten. +* The dividends the company pays are not franked... hello, tax. +* 2021 was a bad year for inclement weather occurrences, with an above-average rate of days of extraction and operations lost due to rainfall and other climate issues. Was this a fluke, or will climate change continue to play a role in the coming years? +* The company has been "spinning its wheels", content to maintain operations and production levels without any concrete roadmap for expansion or growth. +* Their website looks amateur-hour for a nearly $500m market cap company (a pet peeve of mine, sue me... actually, don't sue me #NFA #GLTAH). +* The company's logo looks like twin eggs that have been impregnated which are being hunted by the Predator. + +However, in addition to all of the above points, by far the largest issue/source of controversy - and determining factor in its success moving forward - for JMS has been *issues with management*. + +After several years' worth of long-term criticism of previous board members' behaviour, a recent shareholder vote in late 2021 led to a board spill in which shareholders overwhelmingly voted in members of a new executive team. + +https://preview.redd.it/caiahoyhtxb81.jpg?width=1000&format=pjpg&auto=webp&s=1c712fd86d4920a72df179f9b9adf302511cc3d2 + +This criticism of previous board members included over-compensating themselves monetarily, under-promoting the company, and a general lack of direction or clear growth plans expressed to shareholders. + +This included the CEO, with the search for a replacement CEO commencing immediately thereafter (and the position still not yet filled at time of writing). + +Pending this new hire, this is currently a company that is fairly in “limbo”, and one without ether a solidified growth plan nor clarity on whether its expected high yield of dividends will continue to be paid moving forward. + +**Summary:** This is a company that could go either way share price-wise in the near future, almost entirely depending on who the CEO their management team hires turns out to be, and how the company decides to re-deploy its profits after the fact. + +The potential fear may be that once the new executive team are in place, the company then uses its cash to rush in to an ill-thought-out acquisition that destroys its consistent profitability (and big dividend, one of its main appeals) moving forward. + +However, should they choose wisely, JMS will then have a growth story to push to potential shareholders, and may finally regain some positive sentiment. + +On a fundamental level, this is a company that still looks undervalued share price-wise based on its combination of cash, profitability and assets, but investors typically want to see *growth* \- and actual *outlined steps to reach that growth* \- rather than just maintaining the status quo. + +Despite this, the stock still seems slightly under-covered given what it's producing. + +There's something of a parallel here that could be made with ASX iron ore miner Grange Resources (ASX:GRR), in that it's printing quite a lot of money, has management who are fairly disengaged/content to just keep business as usual, and is a pure-play miner with dividends as one of its main selling points for investors. + +As an investment, even if JMS weren’t to do anything radically new and just proceed business-as-usual, you could theoretically still buy in, collect a chunky dividend, and hope for the price of manganese to have a good 'rebound' year or two/China to ramp things up. + +There's no real reason to see the share price sinking much further from what is a relatively low floor at the moment, and demand for its ore will still persist on some level. Research houses have given predictions for a CAGR of over 4.0% between 2021 and 2026 for manganese ore as a commodity. + +**Conclusion:** Based on the above, I personally see this as mildly interesting purely based on solid fundamentals. + +It's consistently profitable, has plenty of life left, and is coming off a down period that is no real fault of the company's own product or its operations to blame. + +This could also quickly become a 'strong buy' should they get their CEO hire right, and the current executive team embrace a more transparent communication policy with its shareholders. + +It largely comes down to opportunity cost, and how bullish you are on manganese as a commodity vs. all the other available commodity+management combinations out there on the ASX. + +Is it worth parking your money in JMS instead of a different, solid company who focus on a commodity such as nickel, copper, etc. which have a more favourable near-term trend, and global macro tailwinds? That remains to be seen. + +**Company website:** [https://www.jupitermines.com/](https://www.jupitermines.com/) + +**MarketIndex page:** [https://www.marketindex.com.au/asx/jms](https://www.marketindex.com.au/asx/jms) + +**Link to web version:** [https://ausinvestors.com/jms-stock-of-the-week/](https://ausinvestors.com/jms-stock-of-the-week/) + +**Vote for next week's Random Stonk of the Week:** [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +**Links to previous Stonks of the Week:** [https://ausinvestors.com/category/random-stock-of-the-week/](https://ausinvestors.com/category/random-stock-of-the-week/) + +Feel free to add your own opinions on JMS in the comments below. + +**Would you buy this stock? Why or why not? Feel free to vote in the poll.** + +[View Poll](https://www.reddit.com/poll/s4xwg0) +Just days after Jack Dorsey's resignation as CEO of Twitter, Parag Agrawal is pushing for increased censorship on negative topics regarding certain US elites. With Dorsey - known to be an avid opponent of censorship on the platform - gone, Twitter seems to have gone into an entirely new direction. + +The topic is covered extensively on [Breaking Points](https://www.youtube.com/watch?v=VcUhYKEcZ-8), mentioning the suspension of the Nancy Pelosi Portfolio Tracker - which did nothing more than give an objective overview of Pelosi's trades - as well as accounts covering the Ghislaine Maxwell trials. + +What do you think will be the effect of this shift in company policy on the business? Will it kick off a decline in the platform's popularity as users move away from censorship or will it allow them to increase profits as it gets policy makers on their side? +I'm fucking in it with everyone. Not by much with 6 @ 222 but I'm not fucking selling any time until Wall Street shuts the fuck about their criminal/terrible investment. + +Not going to lie, I'm hella excited about next week and watching them shit their pants this entire week with all the media hit pieces and disabling Robinhood further proves my theory that their pants are soaked with shit. Love it. + + +Anyways friends. + +I'm going to get it if $GME hits 1K, who is in with me?! + + $GME TSLA MODEL S💎🖐️ + +Edit: And think about the small and local business we'll be supporting too, those that were shut down during the pandemic. This is trickle down economics at work. + +Edit2: **WE'RE NOT FUCKING SELLING, WE'RE BEING RETARDS AND GETTING TATTOO'S. THIS IS NOW A TATTOO CONVENTION** + +Edit3: Why the fuck did I forget rockets? 🚀🚀🚀🚀🚀🚀🚀🚀 by the way, I'm not a financial advisor, I just like tattoos and this stock in particular. + +Edit4: Some people are saying it won't hit 1K Monday, fine. **I DON'T GIVE A FUCK! WHEN $GME CROSSES 1K THIS WEEK I'M HOLDING AND GETTING THE TATTOO**. Better? + +Edit5: Damn, this shit blew up. I love you guys. A note to the mods in case you try to ban me if I don't do it. I will do it. I will set the appointment and everything for proof. Just please don't ban during this historical moment. Because of Covid's bullshit I'm not sure when I could get in to a store in Oregon. And if there is anyone who can do this tattoo near Portland, I'LL GET IT THIS WEEK. + +Edit6: **THE FRONT FUCKING PAGE OF R/WALLSTREETBETS? I LOVE YOU GUYS LIKE I LOVE THIS STOCK, TO INFINITY AND BEYOND. I CONTACTED AN ARTIST FOR AFTER JANUARY 5TH (VACAY FOR MOM'S BDAY) AND WILL UPDATE WHEN SHE GETS BACK TO ME**!! + +Edit7: Btw, I have 2k to buy $GME pre-market come Monday morning. FUCKING LOVE YOU GUYS. + 🥇 $SafeDogeFather 🥇 + +Admin: "Friends; Website TBA. Cmc and cgc soon. Share $dogefather. We need grow this community!" + +This it it chiefs, what we've all been waiting for. Papa Elon has SPOKEN. + + [https://twitter.com/elonmusk/status/1387290679794089986?s=20](https://twitter.com/elonmusk/status/1387290679794089986?s=20) + +You all know what happens when Elon Musk tweets. We all make money. That's just how it is. That's how it's always been and that's how it will probably keep being, Lol. + +Why this DogeFather? With all the scams going around? Well.... + +CaptainJack tweeted about this one and supports it in particular so you know this project is 100% SAFU. He checks contracts and developers before advertising to his followers or why else would he have 80k+ twitter followers and a massive telegram following? Most of you should know him by now. + +🏆 [https://twitter.com/CaptainJackAPE/status/1387342468656533510?s=20](https://twitter.com/CaptainJackAPE/status/1387342468656533510?s=20)🏆 + +&#x200B; + +50% Tokens BURNT so realistically market cap is HALF of what it shows on poocoin. Market cap currently ONLY $300k. For an Elon coin that is OUTRAGEOUS + +[https://bscscan.com/tx/0x94f104618a21399bb7f2fac99c9d8ee4719196944bc4df4db75e87c3027390c1](https://bscscan.com/tx/0x94f104618a21399bb7f2fac99c9d8ee4719196944bc4df4db75e87c3027390c1) + +Let's get Doge's father back on the moon and reunite him with his son shall we? + +&#x200B; + +Imporant Links: + +**BUY HERE PanCakeSwap V2**: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x107961c9db688f1bc1fb095c5e7ea6ae876373e8](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x107961c9db688f1bc1fb095c5e7ea6ae876373e8) + +**Poocoin Chart**: [https://poocoin.app/tokens/0x107961c9db688f1bc1fb095c5e7ea6ae876373e8?fbclid=IwAR1Xj-evgFPcoBZwZHVac-5K3qI7eZGCkhhJVQw-XzH\_52OR4wZHOA8ETno](https://poocoin.app/tokens/0x107961c9db688f1bc1fb095c5e7ea6ae876373e8?fbclid=IwAR1Xj-evgFPcoBZwZHVac-5K3qI7eZGCkhhJVQw-XzH_52OR4wZHOA8ETno) + +**BSC Scan**: [https://bscscan.com/token/0x107961c9db688f1bc1fb095c5e7ea6ae876373e8#balances](https://bscscan.com/token/0x107961c9db688f1bc1fb095c5e7ea6ae876373e8#balances) + +&#x200B; + +LFG. +> Tariffs from global trade wars will cost the company between $100 million and $120 million this year, it said in January. +> +> Tuesday, Harley said its revenue from motorcycles and related products fell 12 percent in the recent quarter to $1.2 billion. Harley's worldwide retail sales fell 3.8 percent, while international sales fell 3.3 percent and U.S. sales fell 4.2 percent. +> +> The net income of $127.9 million, or 80 cents per share, topped Wall Street expectations of 67 cents a share. - **[source](https://www.jsonline.com/story/money/2019/04/23/harley-davidson-profit-falls-trump-threatens-trade-war/3547493002/)** +I’ve given up trying to tell people. + +My fucking room mate, WHO HAS A MASTERS IN FINANCE, walks up to me and goes “Dude, did you see the market today? The new covid strain is really fucking everything up.” + +I literally want to pull my hair out. I sent him some Marco Metzler posts because he only listens to “Accredited” People. + +I guess i shouldn’t be shocked, as this is the same dude who has held uber for 1.5 years now, in a FUDELITY account, waiting for Uber to bounce back. + +Not even him. My insanely intelligent father thinks i’m making a gamble. + +I’m done. Sent TDA a request to DRS the rest of my shares today. I can’t talk about this anyone anymore. It’s painful because everyone think i’m fucking crazy. +...but tomorrow I will receive my first paycheck after getting a promotion that almost doubled my pay. For the first time in a long time I'll be able to afford something other than just formula for my newborn daughter and ramen noodles for the wife and I. I'll also be able to start a savings account. It's a great feeling. + +Keep working at it, and you can get through the tough times. + +Thanks, /r/povertyfinance, for the help. + +Edit: Thank you all for the words of encouragement. Thanks also to all those that recommended beans, potatoes, etc. I was only using "Ramen noodles" as a placeholder. My wife doesn't really like potatoes and the like, so she eats mostly pasta. + +Edit 2: Holy shit, thank you for the gold. You guys are the greatest. +For background, I'm 20. The markets have been very exciting lately. Huge gains have been made....but also huge losses. I am in the latter group. I saved money for most of my life, and started investing during 2020 after the pandemic hit. I didn't want to trade, I wanted to just get long term investments and hold them. And that did work out pretty well. I was down red at certain points, but it was never SERIOUS drops, and I was confident that my picks were good in the long run. I wouldn't go into details about the weighting, but my portfolio essentially contained AMZN, MSFT, AAPL, SQ, NKE, ARKK, PLTR, NVDA, WMT, COST, DIS, JNJ, PG, V, and a couple other small picks that were my "fun" stocks - I actually had a few dozen APHA shares at $6. I had heavy tech weighting, but I was confident in the long term prospects. + +By this year, just about everything was in the green, and collectively up around 15%. Then came BB. BB looked appealing so I sold most of my stocks that had been moving sideways for a while (AMZN, MSFT, NVDA) and put the money into BB when it was low teens. Within a couple days, it hit the 20s and I sold for thousands in profit. The fact that I made thousands of dollars by doing nothing was crazy to me. The rest of my portfolio was also up several thousand dollars (overall, my profit was around $7000 at this point - a combination of the realized gains from BB and the unrealized gains from everything else). + +Then came GME. Several months ago, I neglected GME because I did not think they were a good long term investment, and so I did not buy them when they were less than $20/share. So when I saw the stock jump to 40, and 60 in the span of hours, I thought that was crazy. So what did I do? Naturally, I got FOMO when the stock was almost $400 and bought into the hype because I actually believed in what people over at another subreddit were saying. Within a week, my portfolio dropped around 80% (roughly $20,000). I thought that would be the best learning experience for me, but I bought into the weed hype this week, and have lost another few thousand dollars. **All in all, I've lost 90% of my money in the past month.** I'm young so I can recover, and this wasn't money I needed urgently. But my money I worked for and saved is completely gone because of my decisions. + +I'm writing this mostly for myself because I needed a reality check for myself and don't have anyone to talk to. I can't sleep at nights, and can't really focus on anything else. I've lost all interest in playing video games, and my grades are starting to take a hit. This is really embarrassing for me, and nobody knows I lost my money on stocks (nor do I want them to). I don't know if anyone needs to here this, but please be careful with your money, and don't invest more than you're willing to lose. Especially for young investors, we have such a long time horizon. There's no need to try and get rich quick. Conservative investing will compound over our lives. + +Edit: the amount of support has really helped me get out of the dark place I've been in for the past couple weeks. I think I'll call a gambling hotline later just to talk it out with someone. Thanks guys :) + +Edit 2: I know I haven't replied to every comment because it's really piling up, but I'm reading through them all. Even if I don't reply, the shared stories, and words of positivity have been extremely uplifting and reassuring :) +We periodically see the question about FAT purchases that are worth spending on. I’m early in my pursuit of FATfire, but as my income and NW have taken off, I’m curious what purchases you all have made that you wish you hadn’t - be it the luxury vehicle, 6k+ sq/ft house, vacation home, or smaller things like high end appliances, etc… + +What will I be tempted to buy that you’d say isn’t worth the shimmer? + **Walt Disney Company (DIS):** + +**History:** The history of the Walt Disney Company is rich in tradition and wonder. Founded by Walt Disney in 1923, the Disney brand was able to create the most beloved cartoon characters of its time. And as the characters came to life on black and white screens, the company grew bigger and bigger. Walt Disney became the source of entertainment for children in the 20th century and even made an entry into the amusement park industry with great success. The Walt Disney Company also made several strategic acquisitions before the 21st century, giving them even more room to grow their entertainment products and design higher-quality projects. **The Walt Disney Company has conquered the hearts of many families for several decades with, again, a great success.** + + **Recent Story:** Today, the Walt Disney Company faces some financial difficulties. The company still has overwhelming success in the entertainment industry, but due to COVID and the acquisition of Twenty-First Century Fox Inc, a global entertainment company, the Walt Disney Company has taken on an overwhelming amount of debt ($ 62 billion). Although this debt persists, the Walt Disney Company has proven to be quite versatile in increasing its presence in the online streaming business. They have made it imperative to focus on Consumer Direct products and expand their portfolio of services, all while the COVID continues to rage. In the short term, it has proven to be quite effective for their earnings, but will this sort of growth persist? + +Google Spreadsheet: [https://docs.google.com/spreadsheets/d/1mMk4MzMhnxUdpGmHqLBatKR3iVwGb\_zN9ufSHmhTW0s/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1mMk4MzMhnxUdpGmHqLBatKR3iVwGb_zN9ufSHmhTW0s/edit?usp=sharing) + One of the greatest quotes from the legendary Peter Lynch’s book “One Up on Wall Street” is : ***“Selling your winners and holding your losers is like cutting the flowers and watering the weeds.”*** + +It is stupid right, but still most of the investors do it everyday. They sell the winning stocks in their portfolio and hold on to the losers in the hope that they will rise up one day. This common behavior can be explained by the theory of **‘Loss Aversion’.** + +In the "loss-aversion" theory, the general concept is that if two choices are put before an individual, both equal, with one presented in terms of potential gains & the other in terms of possible losses, the former option will be chosen. Loss aversion was first identified by Amos Tversky and Daniel Kahneman in 1979. + +Some studies have suggested that **losses are twice as powerful, psychologically, as gains**. This simply means that if you make losses in the stock market you will feel twice as bad as you would feel good about making profits in the market. + +**The fear of realizing a loss cripples an investor, prompting him or her to hold onto a losing investment long after it should have been sold.** One should always try to avoid this trap and cut the weeds from their portfolio before they become poisonous. +# What is $RAINBOW? + +$RAINBOW is a hyper-deflationary, multi-faceted token that employs 7 resilient protocols popular right now in crypto. These seven protocols give it a unique position in the market to weather any type of storm. + +It is built by experienced & doxed developers, who have transitioned across to this project from DiamondHold, a project which hit $12M market cap at its peak; and had Ragnar (previous SafeMoon CM) express interest in joining the team. + +In addition to that, a large amount of the community has transitioned *with* the developers, who all support the team and what they are doing whole-heartedly so there is already a sense of community and it's going to really help launch this new project up there! + +# How does it work? + +Each buy transaction is taxed 7% and split into seven equal portions: + +🔴 **Burn:** A portion is permanently burnt directly to the dead address. Since the dead address also has reflections enabled on it, a faster rate of burning occurs as the number of RAINBOW tokens in this dead address builds. This makes the token truly hyper deflationary, reducing the supply over time and making each token more scarce / valuable! + +🟠 **Buyback:** A portion of the tax is sold into BNB which is stored inside the contract. This BNB is then used to purchase back tokens after every sell. The purchased tokens are then permanently burnt, meaning the price permanently increases relative to the circulating supply. + +🟡 **Reflect:** A portion is reflected to every existing holder based on the % of the total supply they are holding. This means just by holding $RAINBOW you earn an interest yield automatically and straight into your wallet. + +🟢 **Charity:** A portion is used to donate to charities that the development team and community feel strongly about. + +🔵 **Liquidity:** A portion is used to increase the size of the liquidity pool. This means as time progresses, the price impact of relatively large sells goes down, and larger investors are able to purchase bigger amounts without losing out to slippage. This both alleviates some of the sell pressure whales can put on projects, and allows a larger range of big investors to buy into the project. + +Ⓜ️ **Marketing:** A portion is sold into BNB and sent to a marketing wallet. These funds are solely used for business & marketing purposes, helping spread the word of $RAINBOW so that more potential investors are exposed to the project. + +🟣 **Lottery:** A portion is held in the contract inside a side pot. These extra tokens are awarded to a random (real) buyer, this provides further purchase incentive for Rainbow and awards real active investors instead of bots. + +They also have their own anti-whale tax bracket for large volume sellers - this is incredibly important as it adds more activation energy to whales considering dumping their supply! + +For more in depth information on each protocol and the project in general, check out the whitepaper: [https://rainbowtoken.finance/whitepaper.pdf](https://rainbowtoken.finance/whitepaper.pdf) + +# Why $RAINBOW? + +Other than the fact that $RAINBOW has a great and unique idea, these are the reasons why I know I want to be a part of it: + +🌈 Presale **500BNB SOLD OUT in 5 minutes** + +🌈 Private sale SOLD OUT with over 400+ backers, so they all can't be wrong! + +🌈 Verifiably doxed & experienced developers + +🌈 80%+ liquidity lock for over a year + +🌈 No dev owned tokens + +🌈 Clean brand and vision + +🌈 Freshly launched, with heavy whale buys coming in today (one whale bought 70BNB earlier today and isn't selling until at least a 10x) + +🌈 You're still **VERY** early! + +For all these reasons, this project is more than worthy of being a part of - but don't take my word for it! Read the whitepaper and come join the Telegram and as always, DYOR. + +# Links + +Website: [https://rainbowtoken.finance/](https://rainbowtoken.finance/) + +Telegram: [https://t.me/rainbow\_crypto](https://t.me/rainbow_crypto) + +Twitter: [https://twitter.com/rainbowtokenbsc](https://twitter.com/rainbowtokenbsc) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your 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) +I am open to relocating, setting up offshore companies etc. - I am just curious what the lowest taxed solutions look like. + +Some things that have come up through my initial research are Portugal's NHR scheme, Croatia's digital nomad "visa," low Romanian / Bulgarian income tax, UAE offshore company, and moving to Cyprus. +In the early days of crypto, it made perfect sense not to trust exchanges. Most exchanges were run by weebs out of their parents basements. Mt. Goxx wiped out a whole generation of potential crypto millionaires. There were no adults in the room. + +These days, there are reputable exchanges available. Coinbase isn’t going to exit scam when they’re publicly traded on the NASDAQ. You might get into trouble if you’re trading with 1000X leverage on Bitmex or buying AssCoin on Cryptopia2, but you can assess your own level of risk. + +We’re at the point where you hear way more stories about people getting robbed holding their own keys than you do losing their coins on exchanges. How much of this is user error? Probably most of it, but most people aren’t experts. Telling crypto beginners to get their coins off of exchanges ASAP is a great way to get them to lose it all and swear of crypto forever. + +I know crypto folks like to gatekeep and clown on people losing their coins in stupid ways, but if the dream is mass adoption, it’s not going to happen if it’s inaccessible to normies and hazardous to use. Reputable exchanges are the best case scenario for 90% of the population owning crypto. + +In 2021, there’s nothing wrong with keeping your coins on an exchange if it’s a reputable one. I get the whole freedom angle, but freedom comes with risks that most people aren’t ready for. +Do not try to buy precious metals in the next week while China is celebrating the beginning of their Year of the Metal Ox. Wait until after you are done holding GME, even though you are planning to hold GME forever. + +Anything other than GME is a distraction. Since you are holding GME forever, you are never allowed to invest in anything else ever again. Holding GME is your life's work and requires your undivided attention. There is no possible way anyone would ever talk about anything other than GME unless they wanted you to sell GME. Even when it's a weekend and you can't sell GME anyway. + +All of your money should be in your brokerage so you shouldn't even have any money available to buy bullion with. Your brokerage would never betray you. + +Don't think anything of the fact that online bullion dealers have frozen your ability to buy silver. The statements on their front pages saying they have to restrict your purchase ability due to unprecedented market conditions are nothing like any other statements you've seen from anyone recently. Don't think about it. + +The US dollar will never lose value again. Biden is going to make an announcement tomorrow that the federal reserve will burn a pile of money to reverse inflation, I can feel it. Hedging against this is something you would only do if you're shilling for a hedge fund. That's why they're called hedgies. + +Pay no attention to the mass downvotes and accusations of shilling to everyone suggesting silver. The ruling class would never seed a meme about silver being a distraction to divide the community from adding another major step to their plan. + +Pay no attention to how major banks have sold 200x more silver than they actually have and if they're called to deliver on all those receipts instead of people continuing to be happy to just hold paper receipts they could *hypothetically* exchange, then... well, like I said, no matter. + +The important thing is to spend your weekend wondering what will happen to GME while there is no action you can take on it. Don't focus on anything you could take action right now. + +Don't sort comments by new. You don't want to see the unfiltered stream of consciousness of the subreddit, just stick to the carefully curated, vote-and-award-manipulated ranking of what everyone can agree on. We don't have any stickied threads sorted by new today because the people in charge here have your best interests at heart and they don't want you to get into trouble buying any silver. They're not like that other guy who tried to sell out the community, shame on him. Since they're not sellouts, there's no way they could ever make a mistake or allow the community to be misguided. Trust in them and blindly follow the subreddit's general direction at all times. + +And most importantly, don't forget, you're very small. Silver has a market cap of $1.4 trillion. Big banks and governments have a vested interest in it. Don't you dare think your little wallets could possibly tip the scales of something this big going on right in front of you. Just take your tendies and quit while you're ahead, and don't think too much about where this is all leading next. + +EDIT - We've got a usual stickied thread sorted by new, thanks mods! Good to see my satirical post rapidly becoming outdated. 🚀🚀🚀 +I've been trying to tell everyone who I care about, "PlEaSe JuSt BuY oNe StOcK!" Just to be laughed at, argued with, or ignored. Fuck em' all I only care about apes now </3 +I’ve been trading for some months and yes I’m profitable. I have a 60% win rate with a 3 loss max drawdown and I scale in on my trades which makes me extremely profitable. I can tackle any currency pair and recently I’ve tackled US30 successfully too. I trade with low risk and so I was deciding if whether or not to become funded with FTMO. I was gonna buy the $200,000 account and then copy trades and I think they allow you to trade up to $400,000 which would net me around $32,500 after taxes. I’ve consistently made 10% in a month and it usually takes me 2-3 weeks risking 1.5% per trade. But since I have a high win rate style of trading, I could just start a high risk personal account and flip $1,000 into an extremely large amount. I already did the math and backtested the scenario and by my 5th month of trading FTMO, my personal account would already have around $280,000 in there if I just risked 15% per trade and never withdraw. While my 5th month of ftmo would net me around $130,000. So I’m kinda stuck in analysis paralysis about whether I should just wing it on my own. What do you guys think ? + +Edit : A lot of guys don’t seem to understand what I’m saying or even reading accurately at all. One tip I’ll let you guys in on that completely changed my trading and I know for a fact it will change yours too, is dollar cost averaging. It can turn an unprofitable system into a money maker. +Hey yall, based on a recent poll, most people seem to be going for a 30-45 DTE on this sub. Sine theta accelerates closer to expiration, wouldn't it make more sense to do e.g. 10 delta 7 DTE five times in a row than a 10 delta 35 DTE? (or even 10 delta 2 DTE x 17 times for tickers like SPY, etc) + +What am I missing? +I'm pretty sure there have been posts on it already but god damn, this coins doin a lil sum! + +Feel free to check my post history - **every bsc shitcoin I've posted has 2-100x'd moments after I posted.** I might actually be a bit late to the party for this one! + +Their deets: + +**🔥🔥 BONFIRE 🔥🔥** + +Bonfire is a frictionless, yield-generating contract that allows you to seek shelter amidst the chaos of the market and earn passive income! + +**Tokenomics** + +\- 5% burned and added to liquidity + +\- 5% distributed to holders + +\- 30% of initial supply burnt. + +**🥞 PancakeSwap:** [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +🌎 Website: [https://www.bonfiretoken.co/](https://www.bonfiretoken.co/) + +📈 Poo Chart: [https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://poocoin.app/tokens/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +📌 Telegram: [https://t.me/BonfireTG](https://t.me/BonfireTG) + +📌 Discord: [https://discord.gg/dfugFTUs](https://discord.gg/dfugFTUs) + +🐣 Instagram: [https://www.instagram.com/bonfiretoken/](https://www.instagram.com/bonfiretoken/) + +🔖 Contract: [https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590](https://bscscan.com/token/0x5e90253fbae4dab78aa351f4e6fed08a64ab5590) + +🔥 LP Burn: [https://bscscan.com/tx/0xfda5f97cc5aa6481ab580275066568b7362bc9262c1e017c4efe9f5336400a0b](https://bscscan.com/tx/0xfda5f97cc5aa6481ab580275066568b7362bc9262c1e017c4efe9f5336400a0b) + +**As always, DYOR - for me these coins are easy 2-10x's and risky 10-100x's - my strategy is to always wait for a 2x, take out my principle and leave the rest as a moonbag. DYOR DYOR DYOR, I won't take blame if you lose anything. I seem to be doing well off these plays but this is not financial advice - I can't/won't be held liable for decisions you make.** + +If you're interested, pop into the tg. + Celsius is halting all withdrawals, swaps, and account transfers due to volatile market conditions. There are a lot of rumors floating around about Celsius being in danger and having to unwind its stETH positions off peg to meet ETH withdrawals, which could cause some of their loans to default. + +Although stETH is not ETH, you will be able to convert it to ETH once ETH2 staking is enabled. So far, 1 ETH is equal to 1 stETH. However, many started withdrawing their funds from Celsius. According to the latest estimate, about 50K ETH left Celsius per week. If this continues, they will have to make some difficult decisions. + +As a side note, AlamedaResearch also abandoned its holding and sold roughly 50K ETH a few days ago and Celsius is likewise running out of money to repay their investors, with a whopping $1.5 billion in outstanding requests. + +Celsius borrowed $1 billion from clients and used their ETH/stETH as collateral. That means Celsius has control over the ETH that users are handing them, so I'm guessing the staking isn't done through a decentralized on-chain manner. If they sell enough stETH, the price of stETH could fall. + +As an investor in Celsius and someone who has been involved in crypto since 2013, when I bought my first coins on Mt.Gox via BitInstant and sold some of my BTC and was involved in the bankruptcy proceedings, it has all the hallmarks of an insolvent operation similar to Mt.Gox and QuadrigaCX, and I believe they will be unable to continue operating and servicing withdrawals until some further notice… this all just has all the red flags and because of that, I am out. + +On the plus side though, there are other much better alternatives out there like Haru Invest which differs from Celsius in that their assets are neither staked or collateralized on other platforms and that they are the only ones who trade and manage their assets. + +I also believe Nexo has offered to buy out Celsius and all of its loans. And Nexo will probably be one of my alternatives too. I’m hoping Celsius does the right thing soon so that hopefully people will get their money back. +Your bank may be able to offer a forbearance plan if the shutdown continues and impacts your ability to make payments. + +I work at a major servicer; we are already fielding calls from federal employees, flagging the loan as potentially impacted, and we are going to help if the shutdown becomes prolonged *IF* customers ask. + +This is a scenario where we cannot identify an impacted population without input from the customer. If you don't have the funds and you aren't getting paid, you should call and tell them you are potentially impacted. +As the title says this is actually the worst time for you to sell your alt coins for bitcoin. BTC has pumped almost 24% in the past week. Bitcoin dominance has jumped too, currently sitting at 42.62%. If we look at the past trends, when bitcoin makes a move, usually alts dump on their BTC pairs while maintaining the USD value or sometimes dumping on that pair too. Once Bitcoin is done moving, it stabilizes at a certain range and lets alts run. The first alt coin which usually moves is ETH and all the others follow it. So if you're thinking about selling your alts for BTC in hopes of catching a further 5% pump, think again. ALT/BTC pairs are currently bottoming and have way much more room to run. +I was checking my credit card statement this morning and I saw a charge I made at Target.com for a Christmas present but right next to it was another charge from Target for $3.18. I called their customer service number to ask what the charge was. I gave them my previous order number and they said the total cost of the order was the exact difference from what I received in my email. So I have an email saying the price was $122.16 but then they just decided "nope, changed our minds. Price will now be $125.34." and made a separate charge to make up the difference without any notification. They said as a "one time courtesy" that they would refund me the difference but could not explain to me where it came from (shipping? tax?). Just a warning for those of you out there because I wonder how many of these small charges fall through the cracks. + +EDIT: Some extra details. Target confirmed that they made the charge (though the call center rep couldn't tell me why) so it's not a spoofed charge to check if my cc is valid. My confirmation email from them includes tax and notes that shipping is free. So it's not an adjustment for sales tax. If they did need to charge me for shipping after all, they should at least send me an email asking if that's okay or if I want to cancel the order. + +EDIT 2: Since this getting pretty big and Target is advertising in the top bar, if /u/Target_Official wants to PM me and give me an explanation, I'd gladly pass it along to the rest of the redditors here. +I have enjoyed this sub quite a bit, but lately so many posts seem to fall into a few categories: + +* "Will the Market Crash??" (Literally nobody knows) +* "Should I Wait or Buy Now?!" (You do you) +* "I'm Brand New to RE... Please tell me EVERYTHING" (LMGTFY) + +I'm curious if there's a way to automod posts like these. Perhaps using key words like "crash" to remove posts, or requiring a higher level of sub-specific comment karma before allowing a user to post. + +I know the mods are doing their best to round up and delete these posts, but maybe some of the work could go to automod. +Every day I see someone who has NO clue what they are talking about regurgetating what they read online and is misinformation. + +Every single response to my threads now in the last year has been some idiot who posts a link to something that is untrue or peddling their garbage property management software and it's obvious they didn't even read my post. + +Case in point the realtor who posted a link to a FB group saying eviction moratoriums are not enforceable in WA and that the governor said he wouldn't enforce them. A 30 second google search showed this was all completely untrue and every legal challenge against the governor was thrown out and that he never said that. Some random twit on FB said it and this idiot realtor believed it. + +In the same thread, another realtor popped up offering to help me sell all of my rentals. He was looking at 300K in commissions. I'm like WTF do I need you for? I sold all of my other houses myself in a day. + +Then today some idiot comes and posts in my thread, not having read my post at all, just posts a vague it depends on your situation, oh by the way you should get my property management software.... + +I literally just signed out of my account. That place has become the place for MORONS. +I have enjoyed this sub quite a bit, but lately so many posts seem to fall into a few categories: + +* "Will the Market Crash??" (Literally nobody knows) +* "Should I Wait or Buy Now?!" (You do you) +* "I'm Brand New to RE... Please tell me EVERYTHING" (LMGTFY) + +I'm curious if there's a way to automod posts like these. Perhaps using key words like "crash" to remove posts, or requiring a higher level of sub-specific comment karma before allowing a user to post. + +I know the mods are doing their best to round up and delete these posts, but maybe some of the work could go to automod. +Found [this article](http://www.ama-assn.org/practice-management/physician-health/medicine-s-great-resignation-1-5-doctors-plan-exit-2-years) recently, and I've rarely resonated with a piece of news that much. + +Doctor here, planning to bail in 18 to 24 months. +Learning about FIRE is what kept me from burning out and what keeps me grinding for now + +Saving aggressively, investing about 60% in RE, 30% in Stocks. I'm about 8 months away from standard FIRE and about 2 years away from chubbyFIRE , then I'm planning on moving to a LCOL to increase my standard of living while cutting my expenses at the same time, for a few years at least, until the mortgage on my last rental unit is fully paid off and I can live in it if I so choose. + +I can't possibly go on like this until my 60s... and neither can many of my colleagues it seems, especially those working in specialties particulartly impacted by the surge in paperwork, post-covid workload increase, and/or that are on the frontlines of increasing incivilities coming from patients.. + +If there are other doctors or healthcare professionals here who share similar plans : r/medFIRE +Very basic question and I understand that things like risk appetite and goals come to play but realistically what is the risk? I personally understand that with good large cap and multicap funds, your risk in long run is negligible. How true is that? + +Even if you lose money, it can be like 5-10% max? But, my question is, what is a realistic extent? I know I am asking the impossible. + +But things like, what happens during war or some shit happening due to global warming or an epidemic or something. What are the chances of losing serious money? +Am I the only one who cares about this? I tweet this every day, I submitted the question like 5 times in 5 different formats, it didn't get asked and no one is paying attention to this. MAKE SOME NOISE WTF don't let wall street rob our Retirees!! +Gamestop has been shorted into the ground. We know this, and here is some DD I have put together with sources. + +# I AM NOT A FINANCIAL ADVISOR. THIS IS NOT FINANCIAL ADVICE. PLEASE DO NOT SUE ME IF PEOPLE MAKE OR LOSE MONEY. + +Most of these numbers are estimates and are not exact, but this is hopefully a solid, ideally underestimated as far as retail goes. + +My range for the final MOASS is $10,231.57 as a floor, and an AI predicted ( [https://www.reddit.com/r/GME/comments/lg0f24/ai\_predicts\_gme\_squeeze\_using\_time\_series\_model/](https://www.reddit.com/r/GME/comments/lg0f24/ai_predicts_gme_squeeze_using_time_series_model/) ) ceiling of $130,000 inside a vacuum for short closing. I cannot provide an accurate ceiling, as a direct ratio of Short to percentage increase just become hilarious, and I am not smart enough to generate the parabolic formula. + +My range is between $7,763.68 and $97,500. + +My personal basis for the top of the squeeze is $37,675.79 + +Some financial institutions have not acted responsibly in the market, and I have reason to believe that GME has been shorted 432% of the estimated float. + +Total shares owned stand at 253,299,787 + +The total shares outstanding stands at 69,746,960 + +This cannot continue to continue, and I believe the firms responsible for this egregious short selling should take immediate steps to close their positions instead of borrowing more GME shares from ETFs to short further. + +This is unprecedented, and I believe it might crash the financial market. + +Please feel free to email me if you have any corrections to make. + +My findings and estimations are below: + +I like the stock + +**GME Share Ownership** + +Insiders – 23,704,787 + +Institutions – 151,000,000 + +Funds – 40,000,000 + +Retail – 38,595,000 + +Total Owned: 253,299,787 + +Total Outstanding: 69,746,960 + +Percentage of ownership to outstanding : 363.17% + +*GME Short Information* + +Estimated Synthetic shares: 183,552,827 + +FINRA Short % of Float: 78.46% + +Finviz Float: 50,650,000 + +Reported shares Shorted: 35,538,624 + +*Total estimated Short positions (synth + reported shorts)* + +219,091,451 + +Percentage of shorts to the float: 432.56% + +**Here is a deeper breakdown of share ownership:** + +Retail brokerage usership (sources provided below) + +* Robinhood - 13 million users +* TD Ameritrade - 11 million users +* Charles Schwab - 29.6 million users +* Webull - 10 million users +* E-Toro – 13 million +* T212 – 14 million +* M1 Finance – 250,000 +* Fidelity – 25.5 million +* Vanguard – 7.5 million +* Blackrock – 4.8 million + +There are an estimated 128.65 Million retail accounts total in the above retail brokerages. These retail accounts (correct me if I’m wrong) are not counted in the institutional share reporting, as these are not institutionally managed assets. + +My assumptions are as follows: + +* 10% of these accounts own shares of GME +* An average of 3 shares per holder + +Since it seems that retail owners are still buying (from my own perspective) this seems to be a safe assumption that r**etail ownership stands at 38,595,000 shares** in total. + +Institutional Ownership + +According to the Finra-Markets.Morningstar website, under the Shareholders tab, **ownership of Institutions is approximately 151,000,000 Shares** as of the most recent filings. + +Fund Ownership + +According to the Finra-Markets.Morningstar website, under the Shareholders tab, **ownership of Funds is approximately 40,000,000 Shares** as of the most recent filings. + +Insider Ownership + +According to the [Fintel.io](https://fintel.io/) website, under the insiders > insider trades tab, **ownership of Insiders is approximately 23,704,787 Share**s as of the most recent filings. + +Price Basis: + +A post on the WSBN subreddit, authored by [u/joethejedi67](https://www.reddit.com/u/joethejedi67/) on the 10th of February, 2021 showcased a closing of 7,056,150 shares resulted in a price increase of $327.09/share by the end of the day. This is based on the FINRA reports and dates from 1/13/2021 - 1/27/2021. + +As a Floor: If we assume a linear increase with a direct ratio of short coverage to price increase ($0.0000467/short), then coverage of 219,091,451 shorts would directly increase the price of GME by $10,231.57. This is not inclusive of the current price. + +I am aware that direct ratios are not indicative of how markets work, so a floor of 75% of the above number is **$7,763.68** personally seems reasonable. + +As a Ceiling: I will refer to an [AI on the ceiling](https://www.reddit.com/r/GME/comments/lg0f24/ai_predicts_gme_squeeze_using_time_series_model/), as I am not intelligent enough to create a formula on something with this much potential data. The price would increase by approximately $130,000. This might not be unreasonable, as Tulip Mania raged on, + +>“the best of tulips cost upwards of $750,000 in today's money (but with many bulbs trading in the $50,000 - $150,000 range). By 1636, the demand for the tulip trade was so large that regular marts for their sale were established on the Stock Exchange of Amsterdam, in Rotterdam, Harlaem, and other towns.” + +I will take the same rule as the floor pricing, and take 75% of the above price. My personal Ceiling arrives at $97,500. + +Taking an average of the two numbers, weighting the floor at 66% and the ceiling at 33%, **brings my personal target price to $37,675.79.** With the outstanding shares sitting at 69,746,960; the market cap would theoretically be $2,627,771,818,098.40. + +**$2.627 trillion would make GME the most valuable company by 6.88%.** ($169 billion difference.) + +The top 5 most valuable companies in the world are as follows: + +1. Saudi Aramco - $2.458 Trillion +2. Apple - $2.213 Trillion +3. Microsoft - $1.653 Trillion +4. Amazon - $1.596 Trillion +5. Delta Electronics - $1.435 Trillion + +This would put GME in line with the VW 2008 short squeeze, where **VW became the most valuable company in the world by 7.87%** ($27 billion difference.) + +***ETF Shorting*** + +Recently, we have learned that certain ETF’s are being shorted to short GME by proxy. + +SPDR S&P Retail ETF (XRT) currently has Institutional ownership of 25,662,569 shares compared to 6,700,000 outstanding shares. This is 383.02% of issued shares. + +• [u/aah\_soy](https://www.reddit.com/u/aah_soy/) posted the original DD for this: [https://www.reddit.com/r/GME/comments/ljwo3v/serious\_researchers\_needed\_now\_i\_think\_i\_know/](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/) + +• [u/jeepers\_sheepers](https://www.reddit.com/u/jeepers_sheepers/) discovered that on 02/01/2021, XRT short float peaked at 800% - [https://www.reddit.com/r/GME/comments/lknjkc/xrt\_is\_being\_used\_to\_hide\_gme\_shorts\_xrt/](https://www.reddit.com/r/GME/comments/lknjkc/xrt_is_being_used_to_hide_gme_shorts_xrt/) + +I am not sure if all of the synthetically created shorts are counted in the fund ownership above, but I doubt it. + +These ETF short positions will cause a rippling effect in the market should GME squeeze. + +These are all the ETFs with GME in their funds: + +* GAMR - ETFMG Video Game Tech ETF +* XRT - SPDR S&P Retail ETF +* XSVM - Invesco S&P SmallCap Value with Momentum ETF +* RWJ - Invesco S&P SmallCap 600 Revenue ETF +* VIOV - Vanguard S&P Small-Cap 600 Value ETF +* VIOO - Vanguard S&P Small-Cap 600 ETF +* VIOG - Vanguard S&P Small-Cap 600 +* VTWV - Vanguard Russell 2000 Value ETF +* IUSS - Invesco Strategic US Small Company ETF +* VCR - Vanguard Consumer Discretionary ETF +* VTWO - Vanguard Russell 2000 ETF +* IWC - iShares Microcap ETF - Small Cap Blend Equities +* EWSC - Invesco S&P SmallCap 600® Equal Weight ETF + +**Sources:** + +GME DD Compiliation - [https://www.stonking.info/gme](https://www.stonking.info/gme) + +• Insider Ownership – 23,704,787 + + [https://fintel.io/n/us/gme](https://fintel.io/n/us/gme) + +• Institutional Ownership – 151,000,000 + +o under shareholder tab + + [http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0) + +Short interest Percentage + +• Fund Ownership – 40,000,000 + +o under shareholder tab + + [http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0) + +Short interest Percentage + +• Shares Floated: + + [https://finviz.com/quote.ashx?t=GME](https://finviz.com/quote.ashx?t=GME) + +Retail Account Ownership sources + +• Fidelity Retail accounts – 25,500,000 + +• estimated +5,000/day from 2018 (1/2 of claimed 2019 daily increases multiplied by 2 years \[5 days \* 50 weeks) + + [https://www.barrons.com/articles/fidelity-reports-strong-results-for-2019-but-the-good-times-may-not-last-51583427657](https://www.barrons.com/articles/fidelity-reports-strong-results-for-2019-but-the-good-times-may-not-last-51583427657) + +• Vanguard Retail accounts – 7,500,000 + +• 25% of total investors + + [https://about.vanguard.com/who-we-are/fast-facts/](https://about.vanguard.com/who-we-are/fast-facts/) + +• Blackrock Retail accounts – 4,800,000 + +• Based on Fidelity’s average account size of $125,000 divided by the AUM for active retail on page 6 ($608,552,000,000) + + [https://www.cnbc.com/2020/02/13/fidelity-there-is-now-a-record-number-of-401k-and-ira-millionaires.html](https://www.cnbc.com/2020/02/13/fidelity-there-is-now-a-record-number-of-401k-and-ira-millionaires.html) + + [https://d18rn0p25nwr6d.cloudfront.net/CIK-0001364742/d0630079-2312-49ea-a783-5c96a18ee884.pdf](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001364742/d0630079-2312-49ea-a783-5c96a18ee884.pdf) + +• Charles Schwab Retail accounts – 29,600,000 + + [https://www.aboutschwab.com/Charles-schwab#:\~:text=Today%2C%20the%20company%20has%20expanded,abroad%2C%20serving%2030.5%20million%20accounts](https://www.aboutschwab.com/Charles-schwab#:~:text=Today%2C%20the%20company%20has%20expanded,abroad%2C%20serving%2030.5%20million%20accounts). + +• Robinhood Retail accounts – 13,000,000 + + [https://en.wikipedia.org/wiki/Robinhood\_(company)](https://en.wikipedia.org/wiki/Robinhood_(company)) + +• TD Ameritrade Retail accounts – 11,000,000 + + [https://www.tdameritrade.com/about-us.page#:\~:text=Today%2C%20TD%20Ameritrade%20provides%20investing,6%2C000%20independent%20registered%20investment%20advisors](https://www.tdameritrade.com/about-us.page#:~:text=Today%2C%20TD%20Ameritrade%20provides%20investing,6%2C000%20independent%20registered%20investment%20advisors). + +• E-Toro Retail accounts – 13,000,000 + + [https://www.businessinsider.com/etoro-hit-13-million-registered-users-globally-2020-5](https://www.businessinsider.com/etoro-hit-13-million-registered-users-globally-2020-5) + +• WeBull Retail accounts – 10,000,000 + + [https://investorplace.com/2019/09/webull-review-best-investment-apps/#:\~:text=Although%20the%20WeBull%20app%20has,account%20management%20and%20trading%20commissions](https://investorplace.com/2019/09/webull-review-best-investment-apps/#:~:text=Although%20the%20WeBull%20app%20has,account%20management%20and%20trading%20commissions). + +• T212 Retail accounts – 14,000,000 + + [https://comparebrokers.co/trading-212-review/](https://comparebrokers.co/trading-212-review/) + +• M1 Finance – 250,000 + + [https://www.listenmoneymatters.com/m1-finance-review/](https://www.listenmoneymatters.com/m1-finance-review/) + +Short Closing + +• Short closing to price increase ratios + +• Low End - 7,054,150 : $327.09 increase ($0.0000467/short) + +• High End – 7,054,150 : 160% Increase (0.0000227%/short) + + [https://www.reddit.com/r/Wallstreetbetsnew/comments/lgml7u/gme\_short\_percentage\_of\_float\_is\_117\_crunching/](https://www.reddit.com/r/Wallstreetbetsnew/comments/lgml7u/gme_short_percentage_of_float_is_117_crunching/) + +Other + +• Current Most Valuable Companies - [https://fxssi.com/top-10-most-valuable-companies-in-the-world](https://fxssi.com/top-10-most-valuable-companies-in-the-world) + +• VW Short squeeze result - [https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028](https://www.reuters.com/article/us-volkswagen/short-sellers-make-vw-the-worlds-priciest-firm-idUSTRE49R3I920081028) + +• [u/aah\_soy](https://www.reddit.com/u/aah_soy/) posted the original DD for this: [https://www.reddit.com/r/GME/comments/ljwo3v/serious\_researchers\_needed\_now\_i\_think\_i\_know/](https://www.reddit.com/r/GME/comments/ljwo3v/serious_researchers_needed_now_i_think_i_know/) + +• [u/jeepers\_sheepers](https://www.reddit.com/u/jeepers_sheepers/) discovered that on 02/01/2021, XRT short float peaked at 800% - [https://www.reddit.com/r/GME/comments/lknjkc/xrt\_is\_being\_used\_to\_hide\_gme\_shorts\_xrt/](https://www.reddit.com/r/GME/comments/lknjkc/xrt_is_being_used_to_hide_gme_shorts_xrt/) +💚 Website: [https://neosafemoon.com/](https://neosafemoon.com/) + +💚 Twitter: [https://twitter.com/NSafemoon](https://twitter.com/NSafemoon) + +💚 Telegram: [https://t.me/Neosafemoon](https://t.me/Neosafemoon) + +💚Pancake: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x94d287861b5c926db7a0cfe65acbaed574a01411](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x94d287861b5c926db7a0cfe65acbaed574a01411) + +🚀What is Neo Safemoon? 🚀 + +So, with the recent shady practices by Safemoon. Neo Safemoon was created with the aim to contribute to good causes! No dev wallet secretly dumping, no unlocked LP, no soft rug. The mission is to donate as much as possible to the Binance charity function, with the believe that transparency is the key to make Neo Safemoon a success. The Dev has promised to self-dox in the coming weeks and hold multiple ama’s. With an ambitious roadmap and a devoted dev, the moonshot is inevitable. + +Tokenomics: + +\- Total supply: 500,000,000 NSM + +\- Burned: 50,000,000 NSM + +\- Team wallet: 10,000,000 NSM (Gradual unlock) + +\- Pre-sale supply: 250,000,000 + +\- Listing: 175,000,000 NSM + +\- Each transaction has a 6% tax. + +• 2% is automatically sent to the charity donation wallet (hard coded into the smart contract, meaning we CANNOT change this and secretly steal the charity money). + +• 2% is burned. + +• 2% is distributed among holders. + +Whitepaper: [https://neosafemoon.com/wp-content/uploads/2021/04/NSM-whitepaper.pdf](https://neosafemoon.com/wp-content/uploads/2021/04/NSM-whitepaper.pdf) + +Rugproof? + +Liquidity locked by DxSale, Team tokens locked on Dxsale too. + +🚨🚨GET IN EARLY AND BE PART OF THE SAFE PASSAGE TO THE MOON! +What’s more interesting is, the next house the auctioneer went to also passed in, at above the estimated range. + +What can I do from here? Surely this can’t still be a thing. And yes I know that “the vendor can set the reserve the day of the auction” but if they’ve been told the whole time to expect xxxxxxx amount of dollars, why would they set it to a stupid figure? + +The house we bid on is now advertised for 790-850. +Over the past few months, I've been receiving relatively frequent (maybe two or three times a month) text messages from people/numbers I don't know, expressing interest in buying my rental properties. Here's one, with some of the details removed: + +"Hi, this is X NAME and I'm looking to buy a home in X CITY. I came across the house you own at X ADDRESS and I'm very interested. I've been trying to reach out to see if you would like to sell it." + +My assumption is that this is like a digital equivalent of the "We Buy Homes for Cash" fliers you sometimes see around town. People/companies looking for homeowners who need to liquidate fast at a steep discount. + +Has anyone had experience with messages like this? Are they worth responding to? +Originally I was going to buy a studio home for $165k which I think was a lot but that’s all that was cheapest in my home town in QLD. + +Then a two bedroom brick home became available which is $80k. I’ve been inside it and I’m in love! However it needs a paint job on the exterior and interior, and the bathroom works but is a real eyesore. I also need new windows installed. There are Pharo ants as well, a lot of them. Other than that the house is fine. + +Note: there is a serious housing crisis in my hometown. + +Is the $80k house worth buying? I could have it paid off in 6 years. I’m 24(F) with no children, no pets. Im working as a cleaner in Queensland Heath and I think I get paid quite well for someone without a degree at $1800 per fortnight. + +I am doing my diploma if I.T so I can get into Uni online so in three years I will be making a helluva lot more money then. + +What do you think? Is it a good buy? +At 8:23 I got an email telling me someone set me $50 for "Farm Labor", which I do not know the person nor do I do farm labor. At 10:40 I got a request for the same amount from the same person. + +Everything is telling me this is a scam of some kind. I know in general the best way is to refund the Venmo directly, but there doesn't seem to be a way to do so. I sent an email to Venmo about this, they replied back with this article that says to go ahead and issue a payment to them directly. [https://help.venmo.com/hc/en-us/articles/1500012962642-A-stranger-paid-me-What-should-I-do-](https://help.venmo.com/hc/en-us/articles/1500012962642-A-stranger-paid-me-What-should-I-do-) . This seems risky to me, as everything in this is screaming scam. But is there any actual risk if I pay this person back? + +EDIT: Venmo claims it looks legit, but will manually reverse the charge anyways. I'm still not liking that their stated FAQ does something that seems to feed scammers, and that they don't have a reject payment button, but... +I’m curious if others feel the same way about this group that I do. + +I’m a rust belt city guy. Plugging away towards FI in LCOL with a middle of the road salary situation. + +I really love the insights and takeaways from this sub but in some ways I think it takes on the characteristics at times of traditional social media that most Redditors loathe. + +I don’t like FB or Instagram because it’s a sizzle reel of everybody’s life. Pictures of vacations, achievements, image crafting to perfection. It’s not really an indicator of what the average person’s life is and therefore creates a lot of sadness and depression for people who use that platform too much and start to compare their real life to someone else’s sizzle reel. + +Sometimes I do that with this sub. + +This sub can become a sizzle reel to me. The reason being is I imagine that 90% of the sub are people like me. Salaries between 30-90k who are saving aggressively in order to go against societal norms of what wealth and/or retirement should be. + +(when I was in HS I really like that Rage Against the Machine song “F*ck You I wont Do What You Tell Me!” and I realize that FIRE is just a grown up version of that... but back to my point) + +The other 10% are people in STEM or unique situations who share what they’ve got going on. + +I’d venture a guess that 80% or the content comes from those 10% of users in this sub. + +So the status quo, or what is average, is set by that 10%. + +“37 - 2.5M NW what should I do?” type posts. + +Now I’m not saying the person writing this is bragging or doing it for validation (although I’m sure that’s true in some situations). + +But it does set the bar in many ways... well shit I’m no where close to that I’ll never share where I’m at, now that I think of it I’m kind of a failure. + +That’s why mindfulness is so important with FI if you’re going in these groups. I lose track of that sometimes and just pile on myself but really I should just be comparing me against myself yesterday and not against redditors. + +TL:DL The high achievers tend to share disproportionately more which creates an unrealistic average which in turn creates lurkers out of most people in the sub who are left thinking they haven’t done squat. + + +Getting fucking blown apart the last two days... got my TQQQ 1/21 65-62.5 PCS demolished, opened when TQQQ was trading at $72. Same deal with my IWM 2/18 200-193 PCS opened back at $217, 10 days ago... + +even my “safe” positions like QYLD, SPHD, MSFT, and NVDA are getting pummeled... + +Any strategies that are helpful given the current market conditions? +I started reading about real estate since July last year and finally feel confident enough making moves and interviewing people for my team. My impression was that as a new investor who has zero properties under her belt, no one would actively try to find deals for me or work with me and any good real estate agent probably wouldn’t have time for me. + +Well today I am elated because I think I’ve found a rockstar lender, agent, and property management team. My agent is tech savvy and through their platform I am able to indicate whether or not I’m interested in something. Through this platform I showed that I was interested in a property that went on the market today . I had no expectations that I would get a call or any contact from my agent but that I would just keep it in mind for later. Well turns out my agent called ME , looked at the property already, ran comps, and gave me rental and rehab estimates .... and I didn’t even have to ask him to! + +And if that weren’t enough I interviewed a lender today who discussed with me based on my current situation I may not qualify for loans due to my DTI. But instead of leaving it at that , they stayed on the phone with me for 40 min to creatively problem solve and now we have an action plan to get me pre approved ! + +Like what? I thought it was going to take me a lot longer to find great people to work with. I’m just so happy but have no one to share these wins with because no one I know loves this stuff as much as I do so, alas, I thought I would share with the internet. + +If anything I hope my experience encourages some new investors out there that you CAN find some great people to work with even without a ton of experience or track record. + +Thank you for reading. + +TLDR: new investor, found a rockstar team to work with when I didn’t think it was possible. Time for take off! +My husband and I are closing on our first investment property today and I’m so excited to start this new journey with him! He does general contracting and I think we’ll make a great team. I’m excited to learn more through real first hand experience because books/social media/etc. can only take us so far. + +Question for current landlords… is it pretty common/standard to rent a P.O. Box at the Post Office? In Michigan we must put the landlords mailing address on the lease but I don’t want to put my primary residence so I suppose it’s my only other option right? TIA! +Title says it all really. I've just started looking into investing now, and I'm gutted that I didn't start 5 years ago, because looking at virtually every stock it's seemingly gone up about 10 fold in the last 5 years. And what's really strange about it is, after everything initially went down after the pandemic hit, it's now gone up to even double what it was before the pandemic. But mostly there just seems to have been a huge jump in everything about 5 years ago. But perhaps more alarming, a lot of things were even significantly higher in 1999 and then there was a big crash in around 2000. So what's the situation, is everything just going to keep going up massively like it has been for the past few years, or are we going to see a reset to 2014 levels next year and then have to wait another 20 years for the next massive hike? +I have been approached by a friend who has said yes to someone buying and trading Forex under her name. This had alarm bells ringing for me and I am trying to dissuade her. +What are the implications here both legal and finance. +The first thing I asked was why the person wasn't trading on their own name. Apparently the person does not have clearance to trade. +This is not financial advice, I'm not a professional, make your own decisions. + +With recent DD about Brazilian shell companies having 1M puts and the Credit Suisse report about Archegos liquidation, it is a fact there has never been any attempt to cover the original 226% SI. Therefore, the current %SI is higher. We don't actually need to know how much higher it is. Being above 200% is enough for very simple ape math. + +Once the liquidation mechanics start, all of it has to be purchased back, continuously decreasing the %SI until it reaches a very low %, maybe even 0% depending on the price. The price will fluctuate during this process. With this enormous buying pressure it has to go up, but it might not do so continuously. As liquidations happen, the price increases which triggers more liquidations. Those might take time and in the meantime dips may happen. During those dips fear and pressure to sell will certainly be above anything we have experienced. + +Now imagine that during this process half of the shares that need to be repurchased are not available for sale. It is as simple as 1. not using margin, 2. not having a stop loss, 3. not having an open limit sell. If this situation occurs the ask price has to go up forever in order to close the short positions. + +That's all there is to understand about the infinity pool. With very conservative math (we only need %SI > 200% to be true), if every other share held by retail is not for sale, the underlying asset is literally the infinite money glitch. + +Remember this in the darkest of times when reddit might be down and crazy things will be happening. + +I fully expect this post to be down-voted into the abyss in the seconds following the publication, you know the drill. + +BUY & HOLD GME +What do you think this company can be in 5 years. With more states continuing to legalize sports betting I can only see this company growing and is a very good long term investment. +Good morning San Andreas, + +I am NorthernPrick, + +How's it doin? + +\*insert stolen intro card\* + +&#x200B; + +https://preview.redd.it/e85sgkhz92071.png?width=680&format=png&auto=webp&s=c678b42ec8454df53116a294128c6f7dfc1a75ea + +# Who are you? Where's Rensole and the crew? + +Well, as I'm sure you've probably seen Rensole, Pinkcatsonacid, And Bye\_Triangle are taking a much needed day of rest. No one else has made a daily roundup yet, but as this is a staple of the community I thought I'd blast out a couple of lines to keep it consistent. + +It also seems that the man/woman behind our other favourite post; Sir **Diamantenhände** has been under the weather lately. So let's hope they can also recover and get back to business in good time! + +&#x200B; + +https://preview.redd.it/77rtkdukc2071.png?width=1104&format=png&auto=webp&s=a8e81c35bf11761e997df13691203f4a9ff47994 + +# The RobinHood IPO Revenge Play - OR - "The Bad Mistake" + +I've seen the suggestion of shorting or buying puts on RH's new IPO being seriously mentioned quite a few times recently. What was a joke in February, seems to be turning into a shill tactic in May. + +I'm not going to tell you what to do with your money, but personally I'm not getting off the rocket to mess with anything RH related. While I agree it will probably fall off a cliff quite quickly, I expect it to also be used as a bear trap for a short time to snare vengeful apes. + +I certainly don't want to be margin called if an RH options contract skyrockets in the wrong direction. All that will happen is my GME will get force liquidated to pay for it and leave me with nothing at all and no moon tickets. + +If you really want to short something, short the hedgies by buying more GME + +Remember: We are Bulls with Diamond Nose Rings! + +&#x200B; + +https://preview.redd.it/6pdfwnjrh2071.png?width=1078&format=png&auto=webp&s=237063c218b459a6fc93b8bf124b748300fe928f + +# The OCC's temporary size increase to the clearing fund pool + +[https://www.reddit.com/r/Superstonk/comments/nftyg4/occ\_has\_issued\_a\_statement\_to\_all\_clearing/](https://www.reddit.com/r/Superstonk/comments/nftyg4/occ_has_issued_a_statement_to_all_clearing/) + +588 million dollars! Holy smokes! + +Actually not quite. On paper this looks like a tasty bit of loss, but that number is actually split between hundreds of firms. It equates to at most a couple million per member and is nothing but a drop in the bucket to these ultra rich firms. + +Either way it's interesting to see this being announced, but I wouldn't get too excited about it. + +&#x200B; + +[meme credit: \/u\/JustDesaix](https://preview.redd.it/h5w5o8oij2071.png?width=956&format=png&auto=webp&s=42e8ecaf852900fe15d9ec89708b2ca1e5f43b50) + +# Glacier Capital and the mailbox + +[https://www.reddit.com/r/Superstonk/comments/nf3sfp/glacier\_capitals\_mailbox/](https://www.reddit.com/r/Superstonk/comments/nf3sfp/glacier_capitals_mailbox/) + +This. Now this is cool. And an absolute testament to the sheer amount of apes actively hodling GME + +The fact that an ape was able to not only travel to the Glacier Capital business address in Luxembourg and find their low budget mailbox, but also to find other apes already there doing the same thing. That's insane. + +I would expect that from a US location, absolutely not from a tiny European country where hodl numbers are generally reported as quite low. This is truly huge WORLDWIDE. Tits = Jacked. + +&#x200B; + +[picture credit: \/u\/DanceIllustrious2788](https://preview.redd.it/3mz58vszk2071.jpg?width=400&format=pjpg&auto=webp&s=c6921b2fc18b3c110d8ccdbc1bbe6d771df7dc83) + +# The ICC, OCC, DTC - The new filings from these new names + +So what exactly are the ICC and OCC? I only knew about the DTC - I hear you ask. + +Well, in simple terms the DTC handles the stonk side of the market. The OCC is basically the same but for the options side of the market. + +The ICC is for default swaps and the big ol' banks are the members. + +**SR-ICC-2021-007:** Basically this is a means of them cherrypicking what can be used as collateral or capital to avoid the dreaded phone call. So if they say "Look at these here shitcoins and bonds! Plenty money here", the ICC can say no that's not good enough we need cold hard cash and assets and liquidate them. + +**SR-ICC-2021-008:** The margin requirements calculation model. Basically if they predict a stock will have a period of high volatility, they take that into consideration when calculating margin requirements. So if they think the stock will go up, then guess what? You already have the higher risk in advance. + +\^ As far as I can tell these two rules are huge. We might not see immediate activity as a result, but it's another strand off the tightrope. + +If you want to read more about these, check out the post by Criand. Though I'm sure you can't miss it anyway: [https://www.reddit.com/r/Superstonk/comments/nfl69o/new\_icc\_rules\_summary\_they\_are\_preparing\_for/](https://www.reddit.com/r/Superstonk/comments/nfl69o/new_icc_rules_summary_they_are_preparing_for/) + +&#x200B; + +https://preview.redd.it/4h507j37t2071.png?width=1224&format=png&auto=webp&s=598003352927216f2a2d46c0b598f382ff1147e1 + +# The "fake squeeze" narrative + +Ok. I think this goes without saying, but if the hedgies let GME run up to 1k then they will get the dreaded phone call. Atleast the smallest hedgie will, and it will cause the domino effect and wipe out the other firms in the process. I really doubt that the fake squeeze is possible and it seems to me like an attempt at convincing apes to try an daytrade. + +The best way is to hold through the "fake squeeze" if it happens, and allow it to carry on into the real MOASS. Keep an eye on the Level 2 data for the bid/ask information and use that to help you find indicators. + +If you don't have ready access to **Level 2** data or your broker doesn't offer it, try out one of the market livestreams on YouTube. + +Personally I like **Stocks Big Plays** daily livestream as there is no music or commentary, simply just a quiet stock board with the data and people chatting. Sorta like in the NYSE but it's actually a WeBull screen recording. + +Check out their today's stream here: [https://www.youtube.com/watch?v=TYqOXYYIhYM](https://www.youtube.com/watch?v=TYqOXYYIhYM) + +:EDIT: To clarify, you shouldn't take L2 data as the be all and end all. For example WeBull's data is only data from the NASDAQ rather than all exchanges. It's a case really of retail's data being subpar, but it's better than nothing at all unless you pay for a full fledged one like Fidelity has. Use your best judgement. [https://www.reddit.com/r/Superstonk/comments/nfh3wx/psa\_we\_need\_to\_stop\_posting\_misleading\_order\_book/](https://www.reddit.com/r/Superstonk/comments/nfh3wx/psa_we_need_to_stop_posting_misleading_order_book/) + +&#x200B; + +https://preview.redd.it/29koiw2so2071.png?width=882&format=png&auto=webp&s=87449e665b7a7c0217f52c8875818a904c94d852 + +# EXCELLENT! guitar solo + +Be friendly, help others! + +We're all apes here, even the shills. Treat each other with respect and decency. + +If someone isn't playing nice, simply show them some kindness. They may simply be having a bad day, and stooping to their level only ends with more apes having a bad day. + +**Ape don't fight ape.** + +Finally, we can go up, down, sideways, and backwards. Whatever happens, don't panic. Good things come to those who wait. Waiting can be boring, but spend the time learning about the market and doing your own DD. I guarantee there is always more that you can learn. + +&#x200B; + +:EDIT: Kindly pointed out by /u/C_C_C21 , Honourable mention for the AMA with Wes Christian yesterday. It's a super interesting viewing and a lot of the big DD has been reinforced by this man. If you missed it, check out the replay at [https://www.reddit.com/r/Superstonk/comments/nfs6s2/rsuperstonk\_live\_wes\_christian\_may\_18\_2021\_watch/](https://www.reddit.com/r/Superstonk/comments/nfs6s2/rsuperstonk_live_wes_christian_may_18_2021_watch/) + +&#x200B; + +&#x200B; + +https://preview.redd.it/evd246evp2071.png?width=1278&format=png&auto=webp&s=4066c59f27b5c6e06a90d5e27d923828d6711ea7 + +# Peace out mates! Have a great day chadding the market. + +Side note after re-reading this news post, I see that it's a little shorter than usual. Apologies there, I read a ton of posts overnight but the wine has made me forget the other juicy ones. + +(Obligatory not financial advice. Opinions and discussion is the personal musings of /u/NorthernPrick and not to be taken as fact. Educational Boredom Only.) +In 2020, I beat the S&P 500 by 0.5% in my taxable account and shared my lessons in [this post](https://www.reddit.com/r/thetagang/comments/kq4zyt/i_beat_the_sp_returns_by_05_taxable_10_ira_and_23/). I made a lot of mistakes that year and changed up things a little bit for 2021. + +Although my returns were the same in 2021 - 0.43% over S&P 500 returns after short-term gains at the 35% tax bracket are taken into account - I am thrilled with this performance because I did it against a portfolio of low-beta stocks. + +The monthly 5 year beta-weighting (pulled off of yahoo finance) of my underlying portfolio compared to the S&P was 0.82, and my portfolio's correlation to the market in 2021 without the options was just 0.7. + +I'm super happy with this because it means I took a relatively low volatility portfolio and sold options against/around it in order to enhance returns, exactly like I was hoping to going into 2021. + +Here are some numbers that I got after plugging my portfolio into portfolio visualizer and comparing to the S&P 500 with dividends re-invested: + +&#x200B; + +||SPY|My Portfolio| +|:-|:-|:-| +|Beta|1|0.82| +|Correlation|1|0.7| +|CAGR|28.74%|29.17% (but 22.96% without effects of options)| +|Sharpe Ratio|2.34|1.62| +|Sortino Ratio|5.38|3.95| +|Max Drawdown|\-4.66%|\-4.47%| + +Obviously, the risk comparison only includes my underlying stocks, not my options activity. + +My options activity included mostly short puts or short strangles, never selling a call unless I had the shares to cover it (so no risk to the upside). I would typically use 16-30 delta strikes and if doing a strangle would often skew it with a 16-20 delta call and 20-30 delta put. + +The stocks I have in my portfolio are: + +ABBV + +BMY + +BTI + +CAH + +GILD + +JPM + +KO + +LEG + +MMM + +MO + +MRK + +PEP + +PM + +PFE + +T + +UL + +VZ + +WBA + +XLE + +XLU + +XOM + +**What went right:** + +1. I got the hang of using margin but never exceeding use of buying power more than 30% of my net liq. I was usually in the 20-25% range for this since in a crash I would be hit twice as hard with my stocks going down and my option requirements going up at the same time. +2. I was able to mostly stick to my goal of long stock ownership in companies I like at a price I think is within a margin of safety. + +**What went wrong:** + +1. Again I had some shares called away from a call I wrote that got away from my. This helped my realize a really dumb thing I was doing - I would value a stock using DCF at say, $80 and buy it at $60 since it was within my margin of safety, but then turn around and sell a covered call against it just so I could have positions on against everything in my portfolio. Then if the market agrees with my valuation, my call would be blown through and I'd either have the shares called away or have to pay up to keep them. Now I simply won't sell a call if a stock is below my DCF value for it. +2. Taxes are still a problem eating at returns but the only way around that is to make less elsewhere or make more on options. +3. I rolled a call that had blown past my strike for too long. I could only roll it out - never up a strike and I realized that portion of my portfolio had stopped generating returns so I just said screw it and let it get called away. After that, I got a lot more aggressive using premium from short puts to help pay for rolling calls up and out. Yes, this added risk to the trade but I have much more comfort dealing with downside risk than upside risk. + +**What is next:** + +* I just learned about portfolio margin and I have applied for that - I still don't want to go over 30% of net liq but I am excited to see just how much more that gives me. I just found out there is a portfolio margin subreddit /r/PMTraders so I am looking forward to exploring that place +* I am starting to look at more strategies that cap tail risk as I feel like I have already 'won' the game and I just need to compound for a few more years so I don't want to get hit with big losses. For this I am looking at jade lizards or what I can only describe a skewed combination of a jade lizard and iron condor that looks like this: long 16 delta call, short 20 delta call, short 20 delta put, long 5 delta put. I just put one of these on USO and it looks like this: long $65 call short $64 call short $54 put long $45 put for a credit collected of $122, 45 DTE, using $900 buying power. If USO tanks though I won't take the $900 loss, instead I'll manage it by turning it into a jade lizard and using the credit from the long put to help roll the short put out and down, then roll until I am right or can scratch. +* In 2022 I plan to focus on using the buying power of my stocks to sell options on uncorrelated underlyings - whether I own them or not. For example I now have jade lizards or the skewed iron condor previously described on USO, GLD, TLT, SPY, IWM, and GDX. The hope is my stocks keep on doing their thing, and since my options are not on correlated underlyings if some are taking heat then others shouldn't be. +* What is really want to figure out is something that was recently asked - I think in this subreddit and that is "can you live off of options"? Everyone knows the 4% rule in the financial independence community but it is such a ridiculously inefficient rule. What I want to know is - can I sell jade lizards and wide strike skewed iron condors on uncorrelated products and take X% out for living expenses while still using just a fraction of my buying power? There is getting more data on backtesting through rough times like 2008, 2018, and 2020 this especially with TastyTrade's free lookback feature so hopefully I will be able to spend some time figuring this out. + +The Reddit community is a big help and I want to thank you all. I also want to give special thanks to the sites/creators that have helped me discover this world of options that I stumbled upon in late 2019 setting me up to sell options starting 2020 and straight through the pandemic: + +Alan Ellman of The Blue Collar Investor (I bought his video programs on covered calls and cash secured puts) + +Tom Sosnoff and everyone at TastyTrade (they have a book coming out in February called The Unlucky Investor's Guide to Options and I can't wait to read it) + +PPCIan of YouTube for helping me figure out dividend growth stock investing + +Joseph Carlson of YouTube because in one episode you mentioned Howard Marks who I had never heard of and that led me to looking him up + +Howard Marks of Oaktree for your 2 books, Oaktree Memos, and many podcast/youtube interviews. The most important thing is knowing what market cycle you are in! +So I’ve read a lot on here and elsewhere about options sellers losing out to b&h over time in raw gains. I recognize the current market is great for holding, so I’m looking for a more universal comparison. Set aside the bull market of today, set aside wsb mania, etc. Boring old wheel vs boring old buy and hold: which is a better use of the capital generally? Which is better for income or growth? And if the wheel doesn’t compete, is there a thetagang strat that does? +Early 30s and just getting my brokerage account off the ground. I have about 60% in FSKAX, 20% in FBGRX, 10% in VXUS, and have another 10% tbd. I'd like to put it into a small cap ETF to balance out the FBGRX and FSKAX (which is more diversified, but essentially still tracks the S&P 500). + +I've narrowed it down to a few reasonably priced funds, but can't decide which index is best: + +IJR or SPSM or even VIOV to track the S&P small cap 600 +~~QQQJ to track the NASDAQ next gen 100~~ (Not actually small cap) +ISCG to track Morningstar small cap growth index + +Any thoughts? + +Note: I'll be holding these long term. The plan is to eventually switch to 60/20/20 FSKAX/VXUS/Small Cap ETF when I have more money to invest and FBGRX stops beating the market. + +**EDIT: I'm going with IJS/VIOV** +So I'm 22 and getting my first paycheck from a professional job. The money isn't great but my only expenses is travel as I live with my folks and they refuse to take money off me. + +Is it a good idea to invest 10% of my salary into the S&P500 every month. I'm going to "forget" about this money and let it grow (I know it can fall also). This is for the long term. + +What's the best way to invest. Monthly as I get paid? Or save it up and invest every few months. + +I'm in Ireland btw +This post is inspired by a similar post that attempted to predict the price for January 1st, 2018: https://www.reddit.com/r/ethtrader/comments/6etpqm/challenge_lets_collectively_predict_the_eth_price/ + +The original post was posted on June 2nd, 2017, when the price of ETH was 275 USD. The price of ETH on December 31st, according to coinmarketcap, opened at 712 USD and on January 1st, the price opened at 755 USD. +The average prediction on the original post was 710 USD. For 7 months in advance, this was an amazingly accurate prediction and it shows the true power of the crowds - predictions, that are much more accurate than any single prediction by a single person could ever be. + +&nbsp; + +So, let's do it again! I have two challenges for you: + +* What do you believe the price of ETH will be in two months (April 11th)? + +* What do you believe the price of ETH will be on January 1st, 2019? + + +**Write your prediction in the comment. Try not to look at other predictions before commenting - that will make predictions more accurate.** If you only write one prediction, I will suppose the prediction is for January 1st. I will recollect all your predictions in a spreadsheet and calculate the average value. + +&nbsp; + +**EDIT:** (February 12th, 19:45 GMT) Thank you everyone for the amazing response! I have published the results of this thread here: https://www.reddit.com/r/ethtrader/comments/7x3det/reddit_has_spoken_the_results_of_collective_price/. I will not be adding other responses to the average (and, based on the number of responses, any additional response would only have a very minor effect on the average predictions). +Last few weeks has see he markets explode as more people pour into the markets in the aftermath of GME. Now seeing the prices of some of my fav stocks jump while I'm out, and afraid to jump in but also afraid to miss out. How much runway we think there is on these two? TLRY already up 25% premarket. + +UPDATE: Did not succumb! And it dipped, will wait for power hour and consider MJ ETFs! Thanks for holding my hand guys. +In 2010: Bought 1.4 million shares @ $21.15 each. \~$30 million. + +"partnership will not be affected by the sale" + +Source: [https://www.reuters.com/business/panasonic-sold-its-entire-stake-tesla-last-fiscal-year-nikkei-2021-06-24/#:\~:text=TOKYO%2C%20June%2025%20(Reuters),2010%20for%20about%20%2430%20million](https://www.reuters.com/business/panasonic-sold-its-entire-stake-tesla-last-fiscal-year-nikkei-2021-06-24/#:~:text=TOKYO%2C%20June%2025%20(Reuters),2010%20for%20about%20%2430%20million). +I think sending formal complaints/tips to the SEC with the same priority as when we voted is a good idea. + +First time posting but I’ve been here since THAT sub. I truly think that SHF are trying to suppress the idea that sending in formal complaints to the SEC won’t help. Posts about this get buried. Which is why I am even doing this. + +I saw a great post (linked below with instruction on how to file a complaint) that showed how if we use their system and it shows record breaking complaints all about the same thing they have to see it. Since people are zen and waiting anyways, why not take 5 minutes to follow the proper channels and bring it to the people who should be on our side. Like that post said, if we can get 10k votes on LEGO we should be able to show up where it matters. + +I know one cannot count on the SEC but it literally cannot hurt. Only help. Especially with GGs recent tweet. Might as well give them the evidence you feel they are ignoring. + +An avalanche at your door is harder to ignore than a few light sprinkles of snow. + +Of course, this is not financial advice. I am retarded. Make your own decisions. + +Link- https://www.reddit.com/r/Superstonk/comments/ouff0c/i_just_filled_a_complaint_with_the_sec_and_i_cant/?utm_source=share&amp;amp;amp;amp;amp;amp;amp;amp;utm_medium=ios_app&amp;amp;amp;amp;amp;amp;amp;amp;utm_name=iossmf + +Thanks u/memebetch6969 + + +EDIT: Some apes have made great points that we don’t want to bombard with half assed complaints as well as avoiding the “call to action” and “hive mentality” so that it can’t be used against us as collusion. I agree and reworded my post to reflect that. This is not a call to action. I’m simply stating my opinion that if people are upset with the system, to complain to the authorities that seek to regulate the system. If you personally feel like filing a complaint then go for it! If not do whatever you want :) I’m only speaking on my own behalf here. I wish I could change my title and remove the “we” because there is no we here. Just individual investors who like the stock. + +EDIT 2: as u/BellaCaseyMR pointed out, complaining to the SEC is a constitutionally protected act and shouldn’t/can’t be able to be used as evidence of market manipulation. Provided this is true, I’m less worried about this post having a negative impact. I feel I’m in my right as an stock holder to speak on the behalf of my company. If you feel the same nice if not nice as well. I don’t care I’m just an individual investor. + +EDIT 3: have seen a few requests for a template but I don’t feel comfortable providing one for two reasons. +1. I’m smooth brain and would fuck it up +2. I’d rather it be individual thoughts rather than a blanket hive mind copy pasta. Feel it’s safer for us as individual investors who are constantly trying to be set up for collusion by the real manipulators. + +EDIT 4: For the apes who feel the SEC isn’t doing anything and are bothered. u/JY0KER pointed out you can actually file a complaint about the SEC with the Better Business Bureau. I personally feel they have been working towards some sort of investigation so I don’t think this is needed but wanted to throw it out there as he can’t post/comment due to sub restrictions. I’m simply a messenger ape here 🦧 + +No more edits I promise! +DD creators in this sub have basically exposed the stock market as a completely fraudulent system. This shit is a literal multi-trillion dollar scam designed to keep rich people rich at the expense of the poor. And absolutely no. one. knows. It’s a CRIME that the only way people are able to become aware was from some subreddit with about 0.001% of the population in it. This has to stop and it has to stop now. +I do not hold crypto, although I obviously wish I did leading into this market. + +The biggest problem I see with crypto is its propensity for corruption behind closed doors. Elon and his friends can simply setup a gentlemans agreement to cycle between coins, leaving retail holding the bag every time. Don't bother doing your research--that costs at least a couple million for an annual membership at the country club. + +Stay safe with your investments and stick to solid principles. +This thought occurred to me when considering that I have several siblings that each have more money than I do, but who persist in working at jobs that are definitely not their "best life". + +Quitting a job with status to be retired can be challenging. Status is a game we play in social interactions all the time. Since I retired, I notice this game most when meeting old friends. They want to know what I have been doing since I left work. I feel slight internal pressure to have interesting things to tell them. + +Retiring from a 40+ hour/week can be challenging. The 40+ hour work week organized my life in so many small insidious ways. Every choice about how I spent my time/life was anchored in the week vs weekend and how long is PTO and how long will it take to get to my job in the morning. Giving that up leaves you in great jubilation (for months), but eventually I had to build some anchors into my day (morning ritual, exercise, long term projects and short term goal setting). + +I think for my siblings, these two barriers (status and time) are enough to keep them working no matter how much money they have banked. They will eventually quit work, but they may have a rough time. The work to do before retirement is (1) learn how to feel good about one's self without the status of being a "boss". (2) Identify and pursue passions outside of work that will give wings to one's days when the 40 hour/week shackles have fallen away. +The USA is great with data transparency. Even though the Covid shutdowns leave the IRS a bit behind, the most recent data from 2019 is quiet interesting. You can get the excel yourself here: + +[SOI Tax Stats - Individual Income Tax Rates and Tax Shares | Internal Revenue Service (irs.gov)](https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-rates-and-tax-shares) + +But here is my summary from my own analyses of the "top category" which they put a floor at an AGI of $60.5m. + +There were 1,482 returns with AGIs >$60.5m. + +The average AGI of this top category was $144m, and they paid on average 22% of federal income tax on that income ($33m). + +The rate should not be very surprising as the majority (63%) of the income was capital gains. + +&#x200B; + +||||Approx tax rate| +|:-|:-|:-|:-| +|Total annual income|144m||| +|Interest income|8m|5%|40%| +|Qualified Dividends|13m|9%|23%| +|Ord. Dividends|16m|11%|40%| +|Wage income|18m|12%|40%| +|Capital gains income|92m|63%|23%| + +56 filers took the standard deduction, and 1426 itemized deductions. + +Average amount of itemized deductions was $16.7m, or about 12% of AGI. + +At least for the top of the top filers of federal income tax in 2019, they are only getting about 12% of their income tax reduced through deductions for all the love of deductions and folks thinking that deductions are the "miracle" to reducing income taxes for the ultra wealthy. + +The IRS website is really great BTW. Every American should be aware of the resource. +**Please mods! Do never allow any gain porn or sell orders shown on this subreddit.** +**This will ensure that holding once we lift off will be ensured.** + + +Because, their last stand will be, that they try to bring us to sell by using **gain porn** to indicate that "it's time to sell". They did it last year in Feb in the bets subreddit, they will do it again, as they have no other choice. + + +**Remember, the best holding period has always been forever.** +I personally will never sell more than a single share, and only if the responsible perpetrators are send to jail. + + +Corporate media is already prooving that the applied pressure is working. +We are not the cause of the collapse, but we are the revenge for their greed that has (2008) and will again collapse the markets and the economy. + + +Buy, Hold, DRS +***not financial advice*** + +I saw this post saying the fact: + +* [https://www.reddit.com/r/Superstonk/comments/mu68w9/recent\_example\_of\_the\_potential\_we\_have\_here/](https://www.reddit.com/r/Superstonk/comments/mu68w9/recent_example_of_the_potential_we_have_here/) Credit to [u/prophetprofiteer](https://www.reddit.com/u/prophetprofiteer/) + +Why the hell the post above didn't moon? Here's three articles explaining about DGAZF's short squeeze if you want to dig in: + +* [https://www.shortsight.com/dgazf-etn-short-sellers-down-2-billion/](https://www.shortsight.com/dgazf-etn-short-sellers-down-2-billion/) +* [https://www.etftrends.com/leveraged-inverse-channel/dgazf-weaponized-indifference/](https://www.etftrends.com/leveraged-inverse-channel/dgazf-weaponized-indifference/) +* [https://www.thestreet.com/etffocus/market-intelligence/why-did-dgazf-go-from-400-to-24000-in-just-a-few-days](https://www.thestreet.com/etffocus/market-intelligence/why-did-dgazf-go-from-400-to-24000-in-just-a-few-days) thanks [u/ap3fish](https://www.reddit.com/u/ap3fish/) + +**Chart of the short squeeze, 5 minutes scale** (Thanks to [u/majordanage](https://www.reddit.com/u/majordanage/)) you can check with thinkorswim I believe + +[There is one little dip before $25'000 that you could avoid by looking at the stoch RSI which was still being near 80.](https://preview.redd.it/a2iz5ys5ziw61.jpg?width=1024&format=pjpg&auto=webp&s=8c58acc6429fc39ce7e5985f6ebade23c7e1bda4) + +This chart won't be like GME at all because the ETN stock had "only" 45% short interest so 140'000 shares shorted. Of course not every share sold for the max price sadly, so you juste have to hold even more. Only a few will get the max share's price, it is those who have diamond hands surely. However, do I need to remind you what situation is GME in? Much much much more shorted and thus would take infinitely much longer to cover. **IT WON'T BE** like a "*falling piano*". + +**The best prices** you could sell the stock lasted two hours and it took days to get to 25'000$! Consequently, it is totally probable that GME would take weeks and that 80% of the peak might last two entire days. + +**There is one thing to remember here**. There was next to **no** share trading. Like GME if people crazy hold and don't sell. Not *even* "covering initial investment to be mind free after". If you cover only to cover, you won't have life changing money. You'll hurt yourself and the squeeze. Who knows by how much you reduce the peak by covering? Why risk it? It is the very best bet you can make in all your life with or without the short squeeze. Even without the short squeeze your initial investment are already covered. GME will still go to very high price but not to THE BEST if you cover. + +**Every price is real. In theory everything is possible.** A stock can go up as long as there are more buyers but if nobody ever sells, the price becomes infinite. The buyers would increase the price until the seller accepts. What lacks to transform the practice into theory is confidence and conviction. If you read somebody stating the contrary, saying that it is not "realistic" to get high price with GME, note that they are the worst kind of retards. They want to up their ego treating someone believing in high price an idiot and don't want to see somebody else becoming succesful. These who don't have anything else to do in life other than mocking dreams of others will stay slaves and without dreams to the end. Sad life. You don't want to be like them. You can have your own judgement but don't dare to come spitting on others believes thinking you are smarter. You don't believe? Fine, don't talk. Or bring some **good** counter dd jeez. Yes it is unrealistic price people saying millions a share, true. But nobody knows how high this thing can go so don't denigrate people. There are also people who owns themselves the stock and don't believe in these absurd price. Fine but they still believe in high prices and might change opinion during the squeeze. + +"Don't be delusionnal, government will intervene" Who are you? I don't care at all. What's your point? What did you win by telling me this? Did you manage to stand out? I will still hold to unrealistic prices. You just treated me delusionnal while bringing an information you don't even know. You didn't say "they might intervene" no you just said "you stupid, government will come" but in truth you just did the same exact thing as people stating high prices! Saying something that you don't have knowledge about. + +It's all in, not inbetween. You have to have faith if you want to never worry about money ever again. That is the cost and the merit of becoming disgustingly rich. Having conviction. + +Conviction IN DIAMONDED **DIAMONDS HANDS! 💎🙌💎** + +**TLDR:** the ETN stock had only 45% short interest so *only* 140'000 shares shorted. So it went from $400 to $25,000. Do I need to remind you what situation is GME in? Much much much more shorted lol. And because it is much more shorted, the MOASS might take much more time than the example here. If you still have some doubt about high a price can go, know that in theory every price is possible. Litteraly everything. But what lacks to transform practice into theory is confidence and conviction. Just read what I wrote above the TLDR to understand. + +*(This is a repost in a better format, there was only 5,8k likes so not everybody saw this exemple)* +Ive been trying to trade futures and options this year. Im down over 7 grand on the year. I sold my crypto to fund my stock trading accounts and I've nearly lost it all. At what point do I call it quits? I'm tired of losing but nothing seems to be working. +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. +I just started a job as a take away delivery driver working 12 hours a week at the moment + +The pay is £5/h + £1 for each delivery + +The job is cash in hand (I don't know if that makes a difference) + +Yesterday I worked 6 hours and made 16 deliveries, so that works out at £7.60 an hour + +Minimum wage for my age is currently £8.20 + +Am I right to confront my boss about this or can he do whatever because it's cash in hand? + +EDIT: Thanks for all the advice, as he has no obligation to me neither do I to him. I'm going to wait until I get paid then quit, thanks. +Despite surpassing earnings forecasts, $CVS is down 5% on the day, and the stock has me very intrigued. The P/E on the company is about 12, while the forward P/E is under 10. The company pays out roughly a 2.7% dividend yield and has a relatively low payout ratio of 33%, plus CVS sells needs-based items. I haven't gotten a chance to listen to today's earnings call yet, but from what I've read, the company seems very optimistic about increased revenue from increased foot traffic from people getting COVID vaccines at CVS locations. + +What are your guys' thoughts on CVS? The valuation is very low for this market, and while Amazon could compete in this space in the future, I believe we are still a few years out from a serious push +I thought it was a scam so I called them back and sure enough it was legit. Was paying 3.74% now they lowered it to 2.94%. + +I assume it's so I stay put and don't look around for a better deal. + +Anyone else had this experience? + +Edit: The bank Anz +I'm curious about how it works for you! We have small children who seem impervious to cold (because they are constantly running around and also going through a phase where they want to wear all the socks they own at once) so it's we grown ups who are eyeing the thermostat grumpily. I keep trying to tweak it down, my husband keeps tweaking it back up again... It's usually set at 17 degrees and we have individual radiator thermostats in some rooms. (We're all home all day.) However, even at that level we're having some mould issues around our crappy windows. + +But with the rising energy prices predicted to go to insane levels, I'm wondering if anyone in a "normal" house (i.e. not something like a purpose built Passivhaus) NEVER turns their heating on. I like a crazy challenge and I'm thinking about it for next winter, but maybe this is too extreme for the UK! I don't want to be storing up problems that will take all the £££ we saved on heating to fix! + +I'd be attempting to experience it as a stoic, boundary-pushing challenge that will hopefully provide a quick savings boost, rather than a permanent lifestyle. Although, who knows! +"Owners reeled in 1 to 4.3 percent more for similar properties than agents did, depending on the market. And that’s before you consider that owners also are saving up to 3 percent by not paying a commission to a listing agent." + +[https://www.washingtonpost.com/business/2022/12/02/best-states-to-live/](https://www.washingtonpost.com/business/2022/12/02/best-states-to-live/) + +**You have to scroll down past the first story to the part where they compare sale-by-owner and sale-by-agent, but it's interesting** +The hedge funds have always manipulated. They have been the alphas, and are beyond arrogant, and that will be their downfall. + +[There is no free market. Cramer is not your friend with proof. This will change your entire outlook.](https://m.youtube.com/watch?v=QFfjX8dW-QQ) + +Full video breakdown. We’ve all seen clips, but this is the whole thing. How it really works. “The stock market has nothing to do with the stocks...It’s just fiction and fiction and fiction...and then get it on CNBC...” + +All of RH orders are satisfied by Citadel. Citadel connects to the exchanges, but RH customers never do. Citadel leant Melvin 2B to pay margin for 400 days @ $300 price. If GME jumps to $1200 that is cut to 100 days. This is why the freedom of supply and demand has been cut to 1 share for gamestop. Citadel can’t let the price rise or Melvin will run out of funds to pay margin too soon. RH has to bow to Citadel’s every whim because they have no connection to any actual exchange. The market is not free. + +The GME shorts are bleeding short fees. + +tell everyone about this video. Spread it. The world must know. + +[more GME breakdown](https://mobile.twitter.com/biancoresearch/status/1355265967463542785?prefetchtimestamp=1611998056472) + +Edit: + +“@dlterrie + +Replying to @KralcTrebor +and @RobinhoodApp + + +Easy to get lost in the minutia. The core issue is that the shorts were not prevented from trading when retail was. This rigs the system in their favor.” + It seems everyday, there is a new post where someone's metamask gets hacked for 6 figures of ETH. They post the victim and scammer addresses and go on about reaching out to law enforcement blah blah. If you have ever seen a real scammers account, there are usually tons of transactions and money being moved quick to avoid being black listed by exchanges. The past few post ive seen, the 'hackers' account has only 1 transaction. Seems strange doesn't it? +Let's also take OP's Reddit age into account . + +Now, not all post are scams but unfortunately, it only takes a few bad apples to spoil the bunch. With it being the holidays, people probably feel a bit more generous and want to help out someone in need. +Like what the title says, I'm not allowed to make a separate bank account. I currently have about $400 in my paypal from selling on Redbubble, but I don't want to transfer the money into their accounts. I've talked to several people about debit and credit cards, but everyone is telling me to avoid making a credit card, but I haven't heard many good things about debit cards either. Could any of you please tell me whether I should make a debit/credit card? Are Paypal cards safe? Thanks! +