diff --git "a/reddit_finance_43_250k_122.txt" "b/reddit_finance_43_250k_122.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_122.txt" @@ -0,0 +1,10000 @@ +Medium term outdoor goals: PCT or CDT, kayak Grand Canyon, big Alaska hunt, maybe archery. + +Short term financial: flips fund life. Savings rate stays above 80%. Another year of 10mm sales. Build the moat. + +Medium financial goals: + +Reduce property exposure by half. + +Give each kid a duplex. + +Outsource management. + + 2mm index funds. + +Go fully passive. + + +So yeah, I cheated. Partner makes bank. But largely because of the business we built. + +Extra clarity edit: + +Not married, but close enough for us. Not the suggested legal arrangement for safety, but We are happy. + +We spend 60k + +She makes 200+ as a real estate agent. +She contributes 60k to the household account. + +She keeps the rest for taxes and her personal retirement accounts. + +Up to this point I have contributed significantly to her agent endeavors and counted the household contribution as adequate compensation. But going forward I am somewhat likely to draw a salary from her agent llc, and some from our rental llc. This would allow me access to 401k and employer contributions to help the tax situation. + +I make 60k flipping houses part time. it goes to the household account, I pay the taxes out of my salary. + +The rental cash flow is also about 60k. We haven’t been spending it. Just paying down mortgages to de-lever. And until the last couple years that was the source of down payments. This is newly available money. Things were tight during expansion. + +We put the extra 60k into a flip fund or pay down mortgages if we have enough. The flip fund finally has about what we need, freeing up significant money. + +‘Finishing’ expansion of the portfolio and declaring the flip fund full is what frees up the money for me to end my salaries w2 job. + +Yes she makes amazing money, and I am very fortunate to have access to a good chunk of it. But if it dries up tomorrow we are still covered for household expenses in 2 other ways. Flips and cash flow. But these investments are HIGHLY CORRELATED RISKS. So we are still stacking money away in more traditional ways. Cash flow rises every month. For the next 30 years will will add about 500 a month to cash flow every year via mortgage pay down/ pay off. The business is built to be increasingly lucrative, allowing it to go more passive. + +Her income is stored away out of my reach. I’m sure she would bail me out if things got rough, but I have no intention of needing it. It is just another layer of security for her as she is super risk averse. I’d have her mostly retire in about 2 years if I had my choice. She is younger than me though and has a very long retirement to look forward to. The actuarial tables say 46 years! + +It was hard to convince her to lever up. The mortgages still freak her out. So her having a nice personal cushion is totally fine with me. + +From my point of view there is plenty of money. I want for nothing. So I have no reason to further lean on her income. She works hard. She deserves it. She can stack another million if she wants. I don’t need or want it. But it is nice to know it is there! +[NYT article here](https://www.nytimes.com/2018/05/06/nyregion/secretary-fortune-donates.html) + +This is the other side of financial independence. A good number of people have FIRE dreams because they're working at a job they hate. As an alternative to retiring once you reach your SWR and pursing hobbies/passion projects, might I suggest looking for a different, more personally amenable career? We all want to help people in one form or another with the limited hours we have each day; rather than turning off the money spigot outright, why not continue working somewhere else with the aim of donating the earned income to charity? This has three benefits: the first is that you're working at place that you want to work, the second is that explicitly working with the intent of furthering a charitable cause generates warm fuzzies, and the third is that you always have the option of stepping away from employment because you're already FI. In fact, you could even go one step further and work directly for a charity that is close to your heart; many of the skills gained in the corporate world [transfer over](https://80000hours.org/career-reviews/working-at-effective-altruist-organisations/#what-roles-are-there) to the non-profit sector, where they are [desperately needed](https://80000hours.org/2017/11/talent-gaps-survey-2017/#key-figures). +Good morning all! + +I have kind of a big question. Warren Buffet has been predicting a "terrible market crash" for a while now. In light of that, I'm wondering if there's anyone who was able to get ahead of the crash in March 2020. Were there indicators that encouraged you to put in your stops in time? Some have mentioned Donchain Channels as a good one. Was it more reactionary? What if it's just a red day/week? + +Thanks for your input! +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! + +&#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. +I was born in Leeds but my family moved to Australia when I was very young. When I was 19 I got accepted to London Uni and moved there, some bad decisions and a bad crowd got me into one serious debt about 8k on a high interest credit card that I was paying £130 a month to and seeing very little reduction. + +When I was 15 my brother bought me a Bitcoin to use to buy games on steam at the time my parents didn’t buy me any games and current accounts in Aus at least for me couldn’t make online purchases. I just played league and Warcraft 3 at the time and wasn’t interested in any other games so I never used it and actually forgot about it completely it was worth like $30-40 at the time. + +My brother now living in Canada decided to withdraw all his Bitcoin this weekend to pay for a house, and he found a folder with my details and told me about this 1.03 Bitcoin I have. I almost threw up. + +Debt has crippled me for 3 years, I have no friends as I couldn’t go out anywhere, no relationship as I couldn’t meet girls anywhere, I had to learn how to sow to stitch up the same 3 pairs of Levi’s I’ve owned for 5 years now. A month ago a pair ripped really badly in the crotch and I tried to fix them but it needed a professional and I sat there and just cried. It’s been fucking rough. I feel like credit cards are a scam and i just paid off mine. Holy fuck. £130 extra i can finally save more than £20 a month and get some wifi. + +I’ve never had Reddit account until a couple months ago but have been lurking ere for over a year now and he help given on here helped me reduce my debt for 8k to 6k in a year or s, so thank you all! Much love. And I hope anyone struggling with what I was gets a miracle too! Stay strong. +I am currently sitting on 2.998M. I expect I will be close to 3.2 after my spreads expire. I sold some stock after hours yesterday just incase we plummeted today. That move cost me about 75K but it was a hedge in case warrants dropped. Debit spreads are the way. + +https://preview.redd.it/npqdqikrszg51.jpg?width=806&format=pjpg&auto=webp&s=6e7ab8b792b6a7e1caa374088820fefd78ddf5ea + +&#x200B; + +&#x200B; + +https://preview.redd.it/t0qt4ycdp0h51.jpg?width=1221&format=pjpg&auto=webp&s=d4673aa1bcefe5a34d054420239754841af89e54 +My husband and I are in our 50s and have never owned a home. For various reasons, we never felt the time was right with income/debt/savings. Now we are finally debt-free, have great credit, and while we don’t have a ton of savings, we do have enough to put about 5% down on something in this area. I would like to have a home where our kids can live if they need to while still young adults getting on their feet; we could then sell and downsize after they are settled on their own. My husband feels renting til we die makes more sense because we don’t pay for major repairs and we are too old to build enough equity in a house to make up for it. I know this may all be too vague to answer but any insight would be appreciated. + +Edit to add: the $20,000 in our savings account is not all we have. We do have $150,000 in our 401K (which is added to each year) plus the federal FERS retirement plan which will give us $48,000 per year after retirement. +Hey guys, I took out an auto loan on a new car one month before the pandemic. It was rushed, yes, but cheaper than what I was spending on transportation at the time, and then the pandemic put everything in a twist. The cost of the car note plus the ever increasing cost to insure it in south Florida combined with the current over-inflated value are enough to make me ask, what are my options? Is there any way I can get out of this thing, keep my already stressed credit score from tanking, and come out with a little extra coin? Thank you +Have any of you invested heavily in growth stocks and then reinvested the gains into dividend stocks? To me that seems like a much faster way to grow your dividend portfolio. + +I have played around with the idea since it to me seems like a much faster way to grow your wealth with growth stocks rather than wait for the compounding effect the dividends has. + +A few 5-10 baggers would yield me a much greater return on a limited timeframe than investing continuously into the same dividend stocks, right? + +I ask because it always seem that people are either on one team or another and don't consider mixing the two investing strategies. + +Any input? +I live in Myanmar(Burma).So,cryptocurrency and most social media have been banned in my country for a long time including Reddit.I'm currently using a vpn.I don't trust the government one bit,so,I decided to put my money into crypto most of it in CEXs on my mobile because I can't afford the gas fees to transfer and to buy hardware wallets at the moment as I'm saving money to flee the country. + +This morning,the government in my country announced a new fucking cyber law that we will be jailed [3 years for using a vpn and 1 year for using crypto](https://www.facebook.com/100044378711419/posts/532725478216738/?d=n).Should I be worried and take my money out of CEXs?If I keep using CEXs like Binance and Crypto.com with a vpn,can the CEXs ban me or freeze my account ? + +Sorry if there were any mistakes as English is my second language. + +Edit:There is a guy in the comments using my name and asking to donate.He is a scammer,please don't sent him any kind of money.If you wish to help,DM me. + +Edit 2:Why are they banning VPN? + +Answer:We are using social media that they have banned like Facebook and Twitter via VPNs to spread news about what's happening in Myanmar,about their mass murdering,about burning people alive and whole towns and villages,about soldiers raping women and killing them afterwards.We are also watching ads with USA VPN to generate more money on revolution websites where we can watch ads and donate the revenue directly to rebels who are fighting the dictatorship.That's also the reason why mobile data prices have skyrocketed more than 5 time than it was before the coup. +I have been a poor single mom for 11 years. I have been on and off of food stamps and Medicaid. I lived out of a camper with my daughter and dogs over the summer and traveled across the country. I found a job that is work from home permanently and gave me the ability to get away from high cost of living city and for the first time in my entire life, I paid all my bills ON TIME! And I had money left over. I put in to a savings account and I finally at 35 years old I feel confident that I’m off to a good start. My car is on its last legs but I do not have to drive much so there is time to save up for one. I’m just so relived. I’m still living poor so I can pay off some old debts to raise my credit. But being able to have nothing on the verge of being canceled is the best feeling I’ve ever felt. Not many people will understand, but I feel like you guys will. Thank you all for the posts I lurk in. I didn’t feel so alone or crazy. +This is a 6 month update after my first [post about installing solar panels](https://www.reddit.com/r/AusFinance/comments/m69mh4/my_first_electricity_bill_after_installing_solar/). Shortly after posting all the numbers, Energy Australia sent a 'ooops, we miscalculated your bill and you overpaid' letter so my numbers from that original post are off. I mentioned making the switch from Energy Australia to AGL in my first post and I have since moved over to chase a higher FIT but the peak, shoulder and off peak rates are higher at AGL compared to Energy Australia. All plans mentioned in the original post are no longer available on the current market as of Oct 2021. + +I've now had 9 full months of data with the smart meter running so [here's the new album on Imgur](https://imgur.com/a/1nufYMy). I have annotated the pictures with greater detail. + +Details: + +* 8.4kw system (24 solar panels from Q Cells and Enphase Microinverters) + +* Sydney + +* $0.17 feed in tariff + +* Main home plus granny flat on same electricity meter. 6 adults and many separate home offices. + +Jan to March inclusive were spent with Energy Australia which at the time gave me a $0.095/kWh FIT. I also had an old 2 or 3 year locked in plan which gave me 25% off + 3% off usage charges discount. They were shuffling me off that plan which also contributed to me switching providers. That discounted rate was also predicated on an early payment of the bill otherwise it would have jumped to the higher rate depicted in the bar graph. + +April to Sept inclusive have been with AGL. The daily supply charge is lower in comparison to EA and the FIT is currently $0.17/kWh. We've been in lockdown for the entirety of the July to Sept inclusive bill. + +From Jan 01 to Sept 28 I have paid $826.43 for electricity purchased from the grid. + +I anticipate far more sunlight in the last quarter of the year so a much smaller bill compared to our autumn + winter bills, even with high air-con usage. +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) +Surely there's only so much micro gainz in a year you can take before you take a geez at ASX bets. Imagine diamond handsing your cuck bluechips for a 10 percent loss for the year and seeing asx bets autists pulling off 15 baggers in their rocket ships in 3 months. Does seeing multiple bags give you an erection? +Surely you can't be content with a 0.5% dividend yield per year as you see literal rockers launched every week from this sub. +You see the loss porn and the gainz porn and the swings in stock price. Does it make you uncomfortable? + +Should join us in our new gladiator Style stonk pizza fights 😂❤️ + +I know you're watching 👀👀👀 +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) +Oh no! Fake squeeze to $1,000! + +Imagine every single call option $500 and under getting exercised all at once. At $1,000 all those options become essentially free to exercise. Even if you didn't have money (Ape-simple math) and "sold" half to cover costs, you would have 50 free shares per contract (that's not how it would really work, but the end result is the same). + +There are about 200,000 OTM/ITM call contracts right now. There are more, but simple math. If all those exercised that's 20 million shares that need to be bought. "Fake squeeze" doesn't pass 5 minutes of scrutiny, just from options. There are other reasons it doesn't make sense, but call options may be the easiest to understand. +I've become rather frustrated with Sydney real estate agents who provide price guides and then jack up the price when it comes to the auction or actually negotiating a price. + +For example... I was looking at a 2BR unit listed for $600k, when I made an offer the agent told me the seller wouldn't take anything less than $650k. It ended up selling at auction for $750k, not sure what the reserve was. + +Maybe this is all above board/legal but seems like a dodgy practice/strategy. + +What are your thoughts? +If you gain a capital gain of $518,401 or more and you live in Cali, you basically owe 37% federal tax + 7.25% california state tax rate for a total of 44.25%? Am I calculating this right? + +[https://www.nerdwallet.com/blog/taxes/federal-income-tax-brackets/](https://www.nerdwallet.com/blog/taxes/federal-income-tax-brackets/) + + +I have no idea why this blew up so much but thanks to everyone who replied! + Hi, I have many people who don't like me in my area. I have never been in a car accident but someone is trying to make a claim against me. I can only think it's someone I know as they have my details (name, number plate, address, phone number) and they have damage to their car. I can only think someone has been in an accident and trying to claim I had caused it when I've never been in an accident in my life. What can I do? +My boyfriend started a new job in October and left work early on Monday because he was informed that his brother was in a car accident and went to the hospital to go see him. He of course let his managers know, and told him that if he was not there he would recieve a point, which he was fine with. He went into work the next day anyway and they escorted him out saying that he was not allowed to be on the floor until HR figured if he left for valid reason. He still has not been to work. He is out an entire week of no pay. + +Come to find out that you are not allowed to just leave during your shift for any reason, but even his managers said that his reason for leaving was valid. He makes the most of the household income as I am a full time student while working part time. Do you think he would be able to file for unemployment? Please let me know if I should share this in another sub as well. + +We reside in Indiana + +Edit: Hello all, thank you so much for all the advice! So they did not call him yesterday and his job is closed on weekends, so he is just going to attempt to apply for unemployment while also look for another job. I cant reply to everyone but here are some common questions I saw: + +1. So he works at a bakery factory, and they have a PTO policy where when you want to use PTO or take a day off, he has to put in the request 2 weeks before he takes that day off. + +2. His managers told him that HR is really slow and it might take a while to get back to him, and to just hang tight + +3. I agree that this is a dumb policy and so does my boyfriend. God forbid an emergency happens again and they actually fire him for it. I am going to try to find his handbook and look up the policy for leaving during shift. + +4. My boyfriend has an hourly position + +5. In regards to his brothers accident, It was more of ("hey your brother got into a really bad car accident. His car is totaled and he was admitted to the hospital, is unconscious and has some serious trauma to his head and neck." So I would see why he would leave. I guess I should add the ride to the hospital was 3 hours away) +Looks like Robinhood couldn't handle the heat for more than 1 day into their 3 day AMA and deleted their AMA. They just removed their post after ignoring all questions that didn't ask about a crypto wallet, and even then, they refused to give a date as to when they would release a wallet. It's so weird that they would make an AMA if they weren't ready to answer the tough questions. All it did was further confirm that using their exchange is a terrible idea, especially after the GME fiasco + +Stay far far away from Robinhood and remember: not your keys, not your Crypto. + +[Here's a screenshot](http://imgur.com/a/nV7prcp) +I live and work in the Western Suburbs of [Sydney](https://en.wikipedia.org/wiki/Sydney), [New South Wales](https://en.wikipedia.org/wiki/New_South_Wales), [Australia](https://en.wikipedia.org/wiki/Australia). I commute to work by bus and train 7 days a week, and I am aware that my public transport costs are highly subsidised. + +Before you straight-up dismiss free public transport as a terrible idea, do note that Australian cities already have some of the lowest [Farebox recovery ratios](https://en.wikipedia.org/wiki/Farebox_recovery_ratio) in the whole world. Sydney makes a 73% loss on its public transport system. + +So if Sydney's public transport system is already making a massive loss, would it be worthwhile to enact [free public transport](https://en.wikipedia.org/wiki/Free_public_transport)?: + +* If Sydney (or more accurately, the State of New South Wales) does enact [free public transport](https://en.wikipedia.org/wiki/Free_public_transport), it would be the largest city with free public transport, and the next largest city with free public transport would be [Prague](https://en.wikipedia.org/wiki/Prague), which has 1/4 of Sydney's population. Therefore, is free public transport only feasible for small cities? +* Every day I commute, I take the [T1](https://en.wikipedia.org/wiki/North_Shore,_Northern_%26_Western_Line) and [T8](https://en.wikipedia.org/wiki/Airport_%26_South_Line) lines. On every T8 train and some T1 trains is a ticket checker - and every day, they catch a fare evader on the T8 (fare evasion seems to be less common on T1). Would ticket checkers be a major expenditure for public transport networks? +* [Australia's population growth rate is higher than the world average](http://theconversation.com/three-charts-on-australias-population-shift-and-the-big-city-squeeze-75544). Therefore, Sydney and other Australian cities are expanding their public transport networks to keep up with population growth. Is free public transport only feasible in non-expanding public transport networks? +* Since Sydney's public transport network is already heavily subsidised, would there be much benefit to making public transport free of charge? +Edit2 [Aug. 10th at 1:21pm]: This was loads of fun! Great questions all around! Please feel free to keep sending questions my way and I’ll keep responding as I can. I may be slow to respond for the rest of the day as we’re taking our 2 year old to the beach, but can get back later this evening. Thanks so much! + +Edit1: I’ll monitor questions all day and will check back tomorrow, so please feel free to ask any and all questions related to Economics education, public finance, natural disasters, and how I use Roller Coaster Tycoon to teach economic principles. + + +[Link to proof I’m me!](https://twitter.com/econotodd/status/1557026924752420864?s=21&t=XXmZgYhenHWTEia25ydWxw) + + +[Website](https://www.ToddYarbrough.com) + + +I am a Clinical Assistant Professor at Pace Univ. (NYC) and Director of Economics at Pace Univ. - Pleasantville. I teach our senior capstone research methods course, as well as courses in environmental economics and micro principles. + + +My research has focused on US state fiscal policies (balanced budget rules, rainy day funds), and more recently I’ve been working on the fiscal and entrepreneurial effects from natural disasters at the state and local level. For example, in a paper currently under review coauthors and myself find that natural disasters seem to on net causally boost entrepreneurship at the US state level over several years following major disasters (> $1 billion in damages). + + +I’ve spent the bulk of my career so far being a teaching specialist, especially for principles courses, environmental economics, and research methods. In 2020 I published Microeconomics (KH Publishing), a contemporary and concise microeconomics principles textbook. I also maintain a fairly extensive [YouTube Channel of lectures, talks, and how-tos on carrying out applied economic research.](https://youtube.com/channel/UCxSKs34JCt7256ijSpnThfg) I also create shorter form videos on TikTok (@econotodd). +I see a lot of posts asking Reddit and their subs for which stocks to pick. I have a strange idea; steal the homework from professionals who know what they're doing. Example? First Trust Portfolios has a unit investment trust that focuses on high dividends. Their process goes as follows: + +* Begin with the S&P 1500 +* Market Capitalization > $250 million +* Dividend Yield > 3% +* Payout Ratio < 90% +* Cash Flow Analysis and Professional Judgement + +That's it. You let them do the homework. Here is what they came up with: + +* Omnicom Group ($OMC) +* Verizon ($VZ) +* H&R Block ($HRB) +* Legget & Platt ($LEG) +* M.D.C. Holding, Inc. ($MDC) +* General Mills ($GIS) +* Kellogg Company ($K) +* Philip Morris ($PM) +* Walgreens Boots ($WBA) +* Citigroup ($C) +* Citizens Financial Group ($CFG) +* KeyCorp ($KEY) +* Principal Financial ($PFG) +* Prudential Financial ($PRU) +* Truist Financial ($TFC) +* U.S. Bancorp ($USB) +* Cardinal Health ($CAH) +* Merck ($MRK) +* Seagate Technology ($STX) +* Western Union ($WU) +* LyondellBassell ($LYB) +* Newmont Mining ($NEM) +* Schweitzer-Mauduit ($SWM) +* American Electric Power ($AEP) +* Public Service Enterprise ($PEG) + +The current dividend yield (TTM) is 3.30%. + +I have no opinions about any of these companies. I save those for my own subreddit (look it up). For you newbies, though, this is a good list to brainstorm some ideas. + +Here are some links: + + [High Dividend Equity, 49 (ftportfolios.com)](https://www.ftportfolios.com/Retail/dp/dpsummary.aspx?fundid=15989) + + [HDEQ Fact Sheet (ftportfolios.com)](https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=09cdeec1-4634-4c8e-bc48-0dd76d0c52c2) +You can find my original post about retiring and moving to Malaysia [here](https://www.reddit.com/r/financialindependence/comments/m6txvf/reached_my_number_now_i_must_wait_for_covid_to/) + +The "Malaysia My Second Home Program" ([MM2H](http://www.mm2h.gov.my/)) targeting foreign retirees had been suspended since August last year. The Malaysian government has just [re-launched the program, but with some very steep requirements](https://www.thestar.com.my/news/nation/2021/08/11/malaysia-my-second-home-to-be-reactivated-with-changes-says-home-ministry): + +&#x200B; + +* Demonstrable monthly offshore income of $RM40,000 (\~US$9,500) vs 25% of that previously. +* Bank deposit in Malaysia of $RM1 Million (\~US$235K) vs 25% of that previously. +* Must spend at least 90 days a year in Malaysia vs 0 days minimum previously. + +Malaysia used to be a very desirable FIRE destination because it was inexpensive, safe, English speaking, had good infrastructure and it was relatively easy to get a retirement VISA. + +That last item is pretty much gone. If you are FIREd and pulling $10K a month, you probably have better options than Malaysia. + +Oh well. +According to their 13F, at the end of the 4th quarter: + +* 165,333,962 shares worth $27.98 Billion (~3% of AAPL) +* +24% from the previous quarter +* 14.63% of the portfolio +* Next closest: WFC 14.53%, KHC 13.24%, BAC 10.48% + +https://www.insidermonkey.com/hedge-fund/berkshire+hathaway/1/holdings/ +EDIT: THEY HAVE LAUNCHED!!! + +WDYMEME token is a brand new coin +that is all about legitimacy, memes, and no bullshit tokenomics. They just hit different. Let me explain. + +The owners are completely fucking doxed. Their names are Jacques Dutel and Lawrence Heaslip + +☎️Call them!☎️ +(800)-393-2555 + +Check their linkedins and facebook, or join the telegram and directly ask questions yourself! + + +💻Website💻 +(scroll down and see the owners info!) + https://whatdoyoumemetoken.com/ + +📑📑They have a Registered Business License in the state of Mississippi: +https://corp.sos.ms.gov/corpconv/portal/c/ExecuteWorkflow.aspx?workflowid=g12dbd558-fa5d-49a1-a869-ad8b9db198db&FilingId=a3809dcc-b1eb-4910-a463-27b34dafec32 + +💸💸No tax, no Burn, no rug pull and the owners were present live on twitch when the coin launched on pancakeswap on 4/20 20:00 UTC (lol) + +🎁🎁They are also doing a $2500 live giveaway for the best meme- we are using their faces and it’s absolutely hilarious. +https://m.twitch.tv/whatdoyoumemetoken?desktop-redirect=true + +🛣🛣The ultimate goal for WDYMeme token is to launch an NFT platform primarily for memes. For now, they are focusing on building the community, being active in telegram, and proving legitimacy. + +You can buy now on pancakeswap with BNB on the binance smart chain. Lots of great news coming up, Join the telegram with 3400+ members for updates!! + + +❗️WDYMEME Token Address❗️ + +0x7643f0c207172497810ba6b76c5f3924d4ee7569 + +💩Poocoin chart💩 + +https://poocoin.app/tokens/0x7643f0c207172497810ba6b76c5f3924d4ee7569 + + +💻Website💻 + https://whatdoyoumemetoken.com/ + +📲Telegram📲 +https://t.me/joinchat/W4OdgBkZl0g2ZjU5 + +🎥Twitch🎥 +https://m.twitch.tv/whatdoyoumemetoken?desktop-redirect=true + +🦍Reddit🦍 +r/Whatdoyoumemetoken + +🐥Twitter🐥 +https://twitter.com/wdymemetoken + +📱Discord📱 +https://discord.gg/wSXCVAaT +I am a retirement and pension actuary, and something about the 4% rule has always puzzled me - why phrase the question as what is the SWR such that the probability of not running out of money after 30, 40, or 50 years is 95%? + +This does not consider 1. starting age, 2. mortality experience, or 3. a stream of income paid over a lifetime instead of a fixed number of years. + +Instead, using a mortality table, one could calculate the SWR starting at age X for withdrawing Y% per year of the initial balance, adjusting for inflation, with a probability of 95%+ of never running out of money over one's lifetime (i.e. instead of a fixed number of years, 30, 40, 50, etc.) + +The way pension math works is that one can calculate an annual payment ("withdrawal") based on an initial account balance, with each payment discounted back to the present day with interest + mortality. For example, one assumes a payment could technically still be made at age 110 if the person lives that long, but it is discounted steeply back to the present day because the probability of living that long might be 0.000001. + +I'm imagining a calculator, assuming a standard mortality, that I would like to build with the following inputs: + +\-Age at retirement + +\-Account balance + +\-Target safety % (i.e. 95% chance of never running out of money). + +\-Return on stocks % + +\-Return on bonds % + +\-Inflation % + +The calculator would then give a true SWR because it considers that 1. you can retire at any age and 2. you might live any number of years into your retirement, including the possibility of extreme ages. + +This is much, much better than choosing an arbitrary 30, 40, 50 year period, because 30 years starting at age 35 is different in mortality experience than starting at age 65. + +Thoughts? +I did [this](https://github.com/Chudleyj/Thesis) thesis for my undergrad, which is somewhat related to this subreddit but it focuses more on historical data and involves a human study (that definitely can be improved on). I thought someone on here may have some interest in it, figured I’d throw it out here. I’m also planning on improving on this in my free time, as I’m sure there is much to be fixed/improved, so if anyone does read it and has any constructive criticisms I’d love to hear them! + +Code for the project is also available at that github link. +$Bingus has proven yet again that this **community-led project has an intense core strength**[,](https://imgur.com/gallery/yFZEsyx) it can and will survive any market crash due to vapourware like BTC and Dogecoin. We saw a **massive 4x pump** yesterday which is holding strong! As with everyone we took a hit on Sunday, and that’s okay, people were nervous, but as soon as the markets bounced back we were the first to pump, people *know* our strength as the best long-term BSC charity project. + +We’ve just given a **$10k donation** to Rocky Kanaka who has a reach of 2.3M YouTube subscribers and Netflix show! He’s going to be giving out the money to shelters in a video **coming soon**! This is helped forward by the dedication from everyone at project $Bingus! + +We had some **massive hype yesterday** as **rapper BBno$ dropped in the Telegram**! He’s all-in for $Bingus and sharing with everyone he knows in the hip hop scene! + +We’re looking with a **Twitch streamer** who is a lover of crypto with a dedicated and substantial fan base. This project will continue to prove itself day after day! + +We’re on our way to **CMC and CG soon** so expect yet another massive POOMPA as BBno$ would say! + +Come over to the Telegram community and check us out, we have **nearly daily AMAs** with one of the founders! There’s **massive transparency** with all project decision and one of the founders is **fully doxxed and registered as an LLC** for the future listing we’ll encounter! We’re on our way to being **completely autonomous** and this is a way for you to get deeply involved in a project and find support from all your fellow holders! We will **grow and dominate as one strong community**! + + +**$Bingus Links and Info** +=========================== + +$Bingus website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus on PancakeSwap** [here](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Charts are available [here](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +$Bingus on [Telegram](https://t.me/bingustoken2official) +^(complete the captcha in time) + +$Bingus on [Discord](https://discord.com/invite/qKdZdd558F) + +$Bingus on [Instagram](https://www.instagram.com/bingustoken/) 📸 + +$Bingus on [Twitter 🐦](https://twitter.com/bingustoken/) + +**Charity Links** +============== + +Donation 1 ($350) [Wright-Way Rescue](https://imgur.com/GjMOBt5) | Donation 2 ($1000) [Forgotten Animals](https://imgur.com/a/Evvmvah) | Donation 3 ($3000) [Reversed Rescue](https://twitter.com/bingustoken/status/1381103970383491072?s=28) | Donation 4 ($2500) [Jersey Animal Rescue](https://www.instagram.com/p/CNlTQO8p1ik/?igshid=c9i35ifw2b0o) | + +**Wright Way Rescue** + +[Twitter](https://twitter.com/WrightWayRescue) + +[Instagram](https://www.instagram.com/wrightwayrescue/) + +[Website](https://wright-wayrescue.org) + +**Forgotten Animals** + +[Twitter](https://twitter.com/forgottenanimal) + +[Instagram](https://www.instagram.com/forgottenanimals/) + +[Website](https://forgottenanimals.org) + +**Reversed Rescue** + +[Twitter](https://twitter.com/ReversedRescue) + +[Instagram](https://www.instagram.com/reversedrescue/) + +[Website](https://www.reversedrescue.com) + +**Jersey Animal Rescue** + +[Instagram](https://www.instagram.com/jerseyanimalrescue/) + +[Facebook](https://www.facebook.com/jerseyanimalrescue/) + +[Website](https://jerseyanimalrescue.com/) +Peter Zeihan (among other writers) speaks about an oncoming "credit crunch" which goes like this - boomers are the largest population cohort. When they retire (and no longer have steady salary) they will "cash in" their portfolios (made mostly of stocks) into fixed-income securities retirees prefer like bonds. + +When people retire, does the process of diverting capital from high-risk growth stocks into low-risk solid investments happen automatically by some pension fund? Does it always happen, or do some retirees keep their stocks? I'd love a higher resolution on this often mentioned topic when experts disucss the financial implications of changes in demographics. +Argument between me and a friend. He believes that China would be in a worse shape and that the US would be able to replace China as a trade partner with India in the long-term, but also that China wouldn't be able to recover. This is because he believes that China doesn't actually produce much of anything in the first place; that their greatest value is as cheap labor for. The crux of his argument centers around China having a lack of brands that "people respect." +I'm no economic expert, but I found his claims to be ridiculous because of how much trade goes on between the two countries. Surely, it can't be that one-sided of a relationship if the so many products are "made in china" Oh, yeah, that's another thing, according to him "made in china" doesn't exactly make a product Chinese. Thanks in advance. +I currently have 75k to invest (additional reserves as well) and I am looking at buying an investment property. Currently 28y/o, married, 1 kid, with car payment and mortgage but no other debt. Frugal, self-employed making roughly 60k/year and wife makes 50k/year + +I currently own a primary residence that has a separate guest house that I rent out. I used an FHA loan to finance and did most of the repairs (\~2 years of HVAC experience), so I am not \*completely\* green to RE investing, but also far from experienced. Purchased this home in late 2020. + +A few key points: + +* I have pre-qualified with the lender I used for my first house and can put 25% down on multifamily or 15% down of SFR investment properties - so I have roughly a 300k limit to the property I can buy with conventional financing. +* I already max my roth IRA and my wife's roth IRA, so I'm not completely neglecting traditional retirement/investments. +* The median home price in my city is \~250k and the market is very hot, but I have a few investor friends who are finding deals on the MLS and I am seeing some that would cash flow as well, they get tons of offers of course but they are out there. +* My long term goal is enough cash flow from rentals to be financially independent and focus on the work/projects I find meaningful, but not completely retire + +What I'm wondering is the subs thoughts on whether doing conventional financing on SFR or MF with positive cash flow is the best option in such a competitive market - I wouldn't go for anything less than a 12-15% COC return, which I know is low for many of you and I am curious about your thoughts on that. + +My other options would be: + +* saving more money to make cash offers on lower priced rehab/fixer uppers, force equity, rent, and cash out refi (the so-called BRRRR strategy), this would take some time and I might have to look at hard money or private lending for full short term financing +* Looking at short term rental options (I may do a trial with my guest house to get a feel for AirBnB once the current tenant's lease expires) +* Keeping the money in high interest savings and learning about something other than small time residential RE investing (i.e. commercial, which I know nothing about), then getting into that +* put money into traditional index funds/stocks + +I don't want to sit on this money for too long, but I also want to get as many educated opinions as possible about the options and not make any hasty decisions. + +Thanks. +Am I the only one who thinks that as the recession gets worse, and people start getting laid off, etc, that a lot of these Airbnb investment properties are going to get slaughtered? + +Send to me the vacations are one of the first cut backs when things get tight. +Here's a screenshot of my trading results since January 1st of this year to today (August 25th) from my Tradovate account: + + +&#x200B; + +[$19,561.59 Net Profit, Started With $30,000](https://preview.redd.it/97i650t3orj91.png?width=444&format=png&auto=webp&s=74e81318f7fc79c48efe8fc6d8292bfe76d407d2) + +I started getting interested in trading back in 2018 and I worked REALLY hard trying to learn it. I tried all sorts of trading styles and instruments. Stocks, options, forex, futures. I tried all the indicators and styles. Tried day trading and swing trading and all of that. + +I lost a TON of money. I don't know how much exactly, but I'd estimate I lost about $60,000 in "market tuition" trying to learn how to trade. + +This year in 2022 has been my first consistently good year. I started with $30,000 and I'm up to $49,561 representing an over 65% gain on my account. + +And the style / strategy that finally got me to a level of comfort and reliability in my trading has been **seasonality** and **spread trading** in the futures market. + +About a year and a half ago I came across a book totally by chance on Kindle called *"Commodity Spread Trading -- Take Advantage of Seasonality: Volume 1"* by David Carli. + +In the book he mentioned a series of resources that I'd never heard of before. + +* MRCI (dot com) +* SeasonAlgo (dot com) +* Spreadcharts (dot com) << I use mainly the other two and rarely use this one + +And he showed how to analyze seasonality and also how to analyze spread trades on commodities. + +So let me show you some examples of how this works. + + +**SEASONALITY ON OUTRIGHT FUTURES (NOT A SPREAD)** + +The first thing I do is check MRCI every day. When you go to this website it looks like it was built it in 1997. It's super cheap (like $40ish a month or something) and as far as I can tell they do ZERO marketing. + +But apparently they're like the go-to resource for seasonality traders. And I can see why because it's the best resource I've ever found for this stuff. + +So when you get on there, you'll see a list like this for the current month and the following month: + +&#x200B; + +https://preview.redd.it/0pl5s2keqrj91.png?width=129&format=png&auto=webp&s=db66ae5622de99dc61bf9e1d167527dca6789a44 + +For outright futures (meaning not a spread) you would click "Seasonal Trades." + +When you do you'll be presented with a list like the following: + +&#x200B; + +https://preview.redd.it/8ie6liumqrj91.png?width=778&format=png&auto=webp&s=4545215e8e098186fb1ab83bceae48b588f24160 + +So what you're looking at is the signal on the left hand side like "Buy December Gold GCZ2). Then you see an entry date (8/11) and an exit date (9/1). And a win % (87%) and some more stats. + +What this is basically saying is that -- over the last 15 years -- if you had bought December Gold futures between the dates of 8/11 and 9/1 you would have profited 87% of the time with an average $2,720 profit (per contract). + +**I use this to find high probability trades, but I always do another layer of basic technical analysis to see which trades I want to get into.** + +So for example I DID NOT take that gold trade for the following reason... + + +&#x200B; + +[Gold Was \\"Over Bought\\" on MACD so I did not buy](https://preview.redd.it/yvl0478grrj91.png?width=1461&format=png&auto=webp&s=6323493593111bc14c8fbe1ccd846886ccd05747) + +When I see a buy signal, I go and check the chart. And IDEALLY I want to see that the MACD is actually over-sold on a 1 day and also over-sold on a 4 hour basis. + +When I checked gold, I saw that the MACD was actually over-bought and changing momentum to the down-side so I did not do that trade. + +This basic, simple rule either qualifies the trade or disqualifies the trade for me. If it's a short-signal, then I'd want to see the inverse (over-bought). + +**But recently Crude Oil qualified for me.** + +MRCI recommended to buy May 2023 Crude Oil between August 16th and August 29th. + +Here's the 15 year track record of that trade: + +&#x200B; + +https://preview.redd.it/vdarlxc5srj91.png?width=783&format=png&auto=webp&s=bbd77456538d0dea6fc0cf37a616c0e70333864d + +I went and checked the chart and it lined up with my very basic rule for these trades -- MACD was over-sold and Crude Oil seemed to be sitting at a level of support. + +&#x200B; + +https://preview.redd.it/big3m3lesrj91.png?width=1461&format=png&auto=webp&s=7fb3b79608cf305826137c57719334a6e31d4704 + +I bought 1 contract and recently sold it for **+$3,360 profit.** I sold it before the seasonal trade window was finished and I could have made more, because it's gone up even more since then, but I thought the big immediate push up was great and wanted to book profit. + +*So that's how I trade the OUTRIGHT futures -- but I also do spread trading.* + +**SEASONALITY ON FUTURES SPREADS** + +So also on MRCI you have "Seasonal Spreads" -- + +&#x200B; + +https://preview.redd.it/xf7a1vmzsrj91.png?width=118&format=png&auto=webp&s=d936e29c245817792708da90a32038a08a99e1b9 + +And when you click on it it's a similar setup as the outrights -- it shows you a table like this: + +&#x200B; + +https://preview.redd.it/zsx19ka5trj91.png?width=783&format=png&auto=webp&s=8244152be045bf69e93c5801d107eb89ce70d00b + +Spread trading is where you basically simultaneously BUY one contract and SHORT another at the same time. + +And rather than betting "directionally" you're actually moreover betting on a mean reversion. + +So I qualify which trade to take based on a different approach, but it's also pretty simple. + +So take #5576 for example -- Buy July 2023 Lean Hogs and Sell February 2023 Lean Hogs. + +This is usually where I go over to SeasonAlgo and build out that chart. + +Here's what it looks like.... + +&#x200B; + +https://preview.redd.it/rqo5ddmttrj91.png?width=992&format=png&auto=webp&s=83743a48e9adeb549b2f9e319930f6e0ac246d3a + +You see on the top left there I've inputted the contracts (HEN23-HEG23) and the time frame "Enter on 8/08 and exit on 11/12) and it's a "buy" meaning I am BUYING the HEN23 contract and SELLING the HEG23 contract. + +If I flipped the order of those contracts around, it would be the exact same trade, I'd just be "selling" the spread. + +Similar to how BUYING EUR/USD is the same as SHORTING USD/EUR. It's the same trade. + +It builds out the chart for me as follows: + +&#x200B; + +https://preview.redd.it/5ivy7gmaurj91.png?width=1863&format=png&auto=webp&s=cb9b0cea37821d066eafb490359bd39ec10e7dcf + +The black line is the current contract spread. The red line is that same spread over the last 5 years. The blue line is that same spread over the last 15 years. + +The horizontal green line is the entry and the horizontal red line is the exit. + +The first thing I look for is -- is the current spread AT or BELOW the 5 year and 15 year historical spreads? + +In this case you can see that the black line started out considerably lower in price than the 5 and 15 year average. + +I like that -- it means historically I'm getting the spread for cheap. And as you can see the spread moved way up right after I bought it. + +The next thing I like to look at is "Continuation" and I'll show you what that looks like... + +&#x200B; + +https://preview.redd.it/eoxmtylxurj91.png?width=1822&format=png&auto=webp&s=12d1346d860e46d994e9cf9cfbdb5b323c9658cf + +Here is this spread over the last 30 years. You can see that + +And this is what these spreads do (any spread) the just go UP and DOWN in fixed ranges and that's it. That's how they act. + +SO -- **I would NOT take this trade if the spread was in the middle or TOP of that range I've highlighted there.** + +**BUT -- because the spread is at the lower end of that range (since 2015) I did initiate the trade.** + +So far this spread is up **+$1,140**. + +And the great thing about futures spreads is that most brokers automatically recognize them as LESS risky. So they will REDUCE your margin requirements by up to 80%. So you can do these trades with less money than it takes to do the outright futures spreads, which usually require higher margin rates. + +**Okay! Hope you guys liked that. I enjoy sharing what's working for me and this seasonal trading strategy on futures has worked remarkably well.** +A little while back I revealed I got a life changing job with a raise I never anticipated. Well, after the dreaded 3 weeks of no check...it happened. + +So my state denied me unemployment due to my (unpaid) hours, and I went $326 negative in my account. My credit cards maxed at $315 and $3000. Been sneaking into the train to/from work all week and haven't had dinner since Sunday night, relying on lunches my work provides. + +Today I woke up with more money in my account than I've ever experienced in my 30 years of life, even after the -$326 I had to overcome first. + +I'm so blessed. I'm so thankful. And I'm so motivated to never be in this position again. Never give up on yourself. Good things can happen with hard work and a little luck (a lot in my case). + +Happy Friday y'all. It's the best one in a while. + +Edit: again I'm blown away by the love and support here. You've built a truly welcoming and supportive space here and I'm so happy I am a part of it. Thank you all. +We all received the email. Here is my summary. + +**The main changes are (effective from 21.12.2021), based on the UK fee schedule:** +-------------------------- +***Stocks*** +--------- + +* For all Stocks, ETFs, ETPs, Bonds, Investment Funds the new commission is fixed and does not have a percentage factor. + +E.g. United Kingdom fee was £ 1.75 + 0.014% now it is simply £ 1.75. All the other EU exchanges have a fixed commission fee of 3.90 euros !!! + +* For United States and Canada Stocks, the **new commission is fixed to 0!**. It was € 0.50 + USD 0.004 per share. + +!!!***Concerning the paragraph "Overview of costs of third parties"***!!! +--------- +I have asked Degiro by email and waiting for a reply before I update my post. **However, I understand that there will be a fixed 0.5 euros fee for any buy / sell transaction.** + +NEWS: They confirmed a fix 0.5 euros fee for any buy / sell stock transaction. + +***ETFs*** +--------- + +* For non-free ETF the commission was € 2.00 + 0.03%. Now, **it becomes fixed at € 2.00!** + +***Foreign currency*** +--------- + +* Automatic FX: fee goes to 0.25% from 0.1% +* Manual FX: fee goes from € 10.00 + 0.02% to € 10.00 + 0.25% + +**Example**: If I buy 1000 euros worth of Apple stocks then I will pay 1000 * (0.25/100) = 2.5 euros in FX fees + 0 US stock fee + 0.5 NEW fixed fee (see "Overview of costs of third parties"). Total: 3 euros for a 1000euros investments so 0.3% + +***DEGIRO Exchange Connectivity Fee*** +--------- + +* **Remains the same** at € 2.50 (max 0.25% of your account value) per calendar year per exchange. + +***Position transfer fees*** +--------- +* **Remains the same** (see page 10 of the new schedule or page 9 of old schedule). + +***Debit rates*** +--------- + +Here we have an **increase** to: +* Unallocated debit rate (all currencies) 4.00% | Allocated debit rate (EUR) 3.00% | Allocated debit rate (USD) 3.00% | Allocated debit rate (GBP) 3.00% + +from: + +* Unallocated debit rate (all currencies) 4.00% | Allocated debit rate (EUR) EONIA (minimum of 0) + 1.25% | Allocated debit rate (USD) USD LIBOR (minimum of 0) + 1.25% | Allocated debit rate (GBP) LIBOR (minimum of 0) + 1.25% + + +**Source:** +--------- + +Current fees: [https://www.degiro.co.uk/data/pdf/uk/UK\_Feeschedule.pdf](https://www.degiro.co.uk/data/pdf/uk/UK_Feeschedule.pdf) + +From 20.12.2021: [https://www.degiro.co.uk/data/pdf/uk/UK\_Feeschedule\_December\_Basic.pdf](https://www.degiro.co.uk/data/pdf/uk/UK_Feeschedule_December_Basic.pdf) + +Bonus +----- +How do they still make money? + +1. ⁠They increased the price of foreign currency exchange via auto FX trader from 0.10% to 0.25% +2. ⁠There is a connectivity fee for each exchange +3. The new schedule will attract much more clients so 1. and 2. will produce more than enough revenue. +4. Free list of ETFs: they must profit somehow with deals with the exchanges. + +!!!**VERY IMPORTANT Bonus 2**!!! +----- +**APPARENTLY, the new fee schedule is not common across EU countries**. All the above are based on the UK fee schedule (https://www.degiro.co.uk/data/pdf/uk/UK\_Feeschedule\_December\_Basic.pdf). + +**HOWEVER, THERE ARE DIFFERENCES**. For example, looking at the **French Fee** schedule (https://www.degiro.fr/data/pdf/fr/Tarifs_December.pdf), **the commission fee for ALL ETFs is 0!** (page 2 of 14 of the pdf) +The website New Liberty Standard was the first website to offer Bitcoin purchases. You were able to buy and sell Bitcoin through Paypal. The person who created the "exchange" basically priced Bitcoin at the average cost to mine Bitcoin. + +&#x200B; + +https://preview.redd.it/5d5tutmfy6s91.png?width=397&format=png&auto=webp&s=7ef6afc8c4ee01f81e25b19620b48e8c770fc33f + +This got me to thinking about the first time I heard of Bitcoin. I was a freshman in college and a computer science major. It was Fall of 2010. I was in the lab when a Sophomore csci major asked me if I wanted to help him set up the \~35 computers in the lab for mining Bitcoin. His plan was to mine every night after classes ended until 8am when classes began again and 24 hours over the weekend. + +Me, thinking it was a waste of time with Bitcoin being like $.06, said no. The guy ended up setting up the computers himself, mining \~2,000 BTC, and in 2013 when the price hit $1,000, sold half his stack to become a millionaire in college. + +Where were you the first time you heard of Bitcoin and what was the price per coin? +About two years ago, my significant other and I were serious enough to open a joint savings account together. I am not great with money, and I tend to spend anything I get. Often, I spend any extra money on paying off student loans, but that doesn’t negate the fact that my personal accounts frequently hover close to zero. + +With one joint account, we each deposit a set amount every pay cycle. That money cannot be touched for anything besides the already budgeted necessities like rent, groceries and the electric bill. + +Because we deposit slightly more than we actually need, in a relatively short time we built up the account and now both have easy access to roughly $2000 in case of emergency. + +I would never have been able to do this alone, but knowing it’s our money as opposed to my money means I leave it where it is. I would only use it in a real emergency. + + +Looking back on it I have made a lot of long term stupid decisions when it comes to money and want to know how to get out. + +Starting from when I graduated college, I have put the house we live in in my name, gotten a credit card in my name because I would get approved and have a lower interest rate, given money to my stepdad that he never paid back, and taken out a loan to make repairs for the house. Right now, they want me to buy properties so they can “help” me rent them out. + +Looking back on it, I feel stupid and wish I had paid more attention and had the balls to tell my parents “No”. I feel like I haven’t had the chance to live for myself because I’m too busy fixing their mistakes. + +If anyone has anyway to get me out of this mess, it would be appreciated. + +EDIT: Thank you everyone for your advice! This has been really helpful and I will be making changes to my life very soon. +Looking back on it I have made a lot of long term stupid decisions when it comes to money and want to know how to get out. + +Starting from when I graduated college, I have put the house we live in in my name, gotten a credit card in my name because I would get approved and have a lower interest rate, given money to my stepdad that he never paid back, and taken out a loan to make repairs for the house. Right now, they want me to buy properties so they can “help” me rent them out. + +Looking back on it, I feel stupid and wish I had paid more attention and had the balls to tell my parents “No”. I feel like I haven’t had the chance to live for myself because I’m too busy fixing their mistakes. + +If anyone has anyway to get me out of this mess, it would be appreciated. + +EDIT: Thank you everyone for your advice! This has been really helpful and I will be making changes to my life very soon. +I scroll through this sub sometimes and I see that some people are in absolutely extraordinary debt and then I continue and I’m met with posts from people who have problems I will never understand when they earn £400K a year?? + +I go from feeling secure in myself and where I currently am in my career in that I’m extremely lucky to not face bankruptcy and that I have my debt under control. To feeling like complete and utter shite because I can’t purchase a house in full because I haven’t got £300K in savings or £100K pension at the age of 18. + +The 2 extremes in this sub is just absolute mental. Do any “average” people want to have a chat with me about “average” finance things? + +Edit: Thank you kind stranger for the silver!! + +Edit2: extra info - I’m 23F, currently on £22K, about £500 on my CC as I purchased a phone out right a couple of months back! +Basically the title. Why is it that real estate is the biggest industry in the United States vs. manufacturing, invention, teaching, etc.? It just seems that our economy is built to reward those who invest or sell more than the people who build/create what is being invested in/sold. +I've seen the screenshot of GME with all those 1 share orders, and just wanted to reiterate that you need to know what the source is of the market data. Here is what Fidelity looks like - clearly a full book across many exchanges without those 1 share orders. Always think about the source of the data - standard retail data is low quality, and usually only from 1 exchange. + +&#x200B; + +https://preview.redd.it/3ngnk5ag1yy61.png?width=319&format=png&auto=webp&s=a24bd8d0e90ff61972691b9096e2aa4d8b702637 +First off, I am actual retard with a terrible trading history, and some form of mental disability. + +TLDR; Mass BB call option buying has forced the big boys to short this like crazy. 🚀🚀🚀 + +I wanted to point out that whats happening this week in BlackBerry is actually quite amazing. Yesterday, you beautiful retards bought and opened tens of thousands of option contracts that expire this Friday at $25 in BB. There was also a mass buying of the $20 contracts. What we are seeing today and saw some yesterday is big boys are coming in and shorting this stock like crazy. These guys sold thousands of contracts to us for this Friday and they HAVE to keep the BB price under $25 or this is GME all over again. + +This is actually the type of setup a large hedge fund might see and say hey if we can push BB over 25 by Friday it will cause so much frenetic buying that the stock might hit 40. + +Likely nothing will come of this, but if you are wondering why your favorite meme play is down today despite good news (BAIDU partnership) and LOTS of new money coming in on the buy side this is why. + +Disclaimer: I am not a financial adviser, and you should always do your own research. I also LIKE THE STOCK. +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +**Edit 30 4:07PM:** + +Will still stream tomorrow, but will be gone between 10am EDT and 11:15am EDT for a midterm so will pause the stream then. + +**Edit 29 4:00PM:** + +Ending around 170.24, down 4.34%. Overall downwards day on low volume. Nothing too crazy. + +**Edit 28 3:21PM:** + +Pretty consistent block of buying volume. Possible confirmation of a bounce. + +https://preview.redd.it/qnl5gccn20s61.png?width=2142&format=png&auto=webp&s=de4e6d236990c3a01193f6990c352ea0f48c1a91 + +**Edit 27 3:00PM:** + +Back for power hour. [https://www.youtube.com/watch?v=8b1HpyHxqa4&ab\_channel=WardenElite](https://www.youtube.com/watch?v=8b1HpyHxqa4&ab_channel=WardenElite) + +**Edit 26 2:42PM:** + +I've sold my tea leaves on ebay and used the proceeds to buy a share of GME. + +**Edit 25 2:38PM:** + +The positive news today has fudged up my timing, but yes, there is a dip cooking right now. + +**Edit 24 2:37PM:** + +SSR is at 160.17. + +**Edit 23 2:32PM:** + +It's really amusing how shorts can drop the price so much with almost no volume. + +https://preview.redd.it/xx7skqhztzr61.png?width=2143&format=png&auto=webp&s=d120e3ec626c2ec161cc8d6251ef966d3a045a80 + +**Edit 22 2:27PM:** + +Maybe I need to spend some money on some premium tea leaves. + +**Edit 21 2:22PM:** + +I guess there is a discount today after all! Thanks Ken! + +**Edit 20 2:19PM:** + +No volume here folks. <60k on average per minute candle. As Uncle Bruce likes to say, "they want to make the stock look awful". + +Honestly the stock looks great to me because I like the stock. + +**Edit 19 2:18PM:** + +My tea leaves have lied to me. + +**Edit 18 2:05PM:** + +Around 10k volume a minute. So low.... A bit higher than yesterday but it's still crazy low. + +**Edit 17 1:47PM:** + +I'm reading my tea leaves right now and it says double bottom. + +https://preview.redd.it/b7ib3pyxlzr61.png?width=2126&format=png&auto=webp&s=eb6ae0c6ab9013a38e22c34e3b234ed5b85779fd + +**Edit 16 1:38PM:** + +GO DROP RYAN A LIKE AND A FOLLOW! + +[https://twitter.com/ryancohen/status/1380212953748676608](https://twitter.com/ryancohen/status/1380212953748676608) + +https://preview.redd.it/f9t6b7ddkzr61.png?width=584&format=png&auto=webp&s=3caae970dfc52b1155e949c89662e6535f1405a5 + +**Edit 15 1:32PM:** + +GME trading like a penny stock again. Such low volume! + +**Edit 14 1:02PM:** + +Prediction for the day: - - - - - - - -> + +**Edit 13 12:35PM:** + +As for option sonar, these puts were sold. So nothing bad. Typically a bullish sign. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/qqrdhue59zr61.png?width=2463&format=png&auto=webp&s=839e09c61f0dbde4d8432d21a01926ba71f291dd) + +**Edit 12 12:30PM:** + +Basically a split itself doesn't trigger covering. But a recall of shares to vote on a split would. Scratch out point B, now that I think about it, they will have covered anyways before the split happens. Correct me if I'm wrong. So the cheaper price shouldn't factor in. However it is good for post squeeze, as retail can buy in cheaply. + +**Edit 11 12:16PM:** + +Let's talk strategy. + +IV seems to have a hard time going any lower. They will likely keep this trading sideways until the next catalyst. + +https://preview.redd.it/rszdaggq5zr61.png?width=2124&format=png&auto=webp&s=df0482e9c06768752a667fadbf65ad026a7c82d5 + +My best guess is **a share recall for a stock split. This is pure speculation but this would be a great move in my opinion. A) it forces shorts to cover. B) (edit) it makes the stock cheap so tons of retail can buy back in post squeeze.** This seems like a perfect infinity squeeze setup as well as a good post squeeze recovery. + +Will we continue to trade sideways into 4/16? Yes that's possible. All for the sake of keeping IV low. This largely depends on if they do a share recall announcement, and when. + +**My best guess for the future, is that IF a share recall is announced, we may see some major action. Most probably sometime between next week and 4/20... blaze it ;) !** + +**Edit 10 12:04PM:** + +Please read the recall post :D + +**Edit 9 11:46AM:** + +Since I didn't have time to read on stream, I read it now and would like you all to do the same, **please read this about contacting your brokers and the share recall:** + +[https://www.reddit.com/r/Superstonk/comments/mmt5rq/420\_share\_recall\_explained\_why\_its\_important\_that/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/?utm_medium=android_app&utm_source=share) + +**Edit 8 11:28AM:** + +Ok stream is back up, the YouTube editing tools kind of suck. [https://www.youtube.com/watch?v=ih79GhTXRdA&ab\_channel=WardenElite](https://www.youtube.com/watch?v=ih79GhTXRdA&ab_channel=WardenElite) + +**Edit 7 11:21AM:** + +**New support added at 174.** + +We seemed to have bottomed out. + +https://preview.redd.it/zevyu0qxvyr61.png?width=2133&format=png&auto=webp&s=3830a361094f2988e5332868bf8b2a43ebabacad + +Edit 6 11:20AM: + +Gonna just trim out the roofing hammering parts so I've made the stream inaccessible for a bit. I'll have it back up later today. + +**Edit 5 10:26AM:** + +Seems it's the 40% chance option. I don't think we will get a 5%-10% discount, but we can dip further. + +https://preview.redd.it/lnhymrn2myr61.png?width=2141&format=png&auto=webp&s=02b85e043a09344bfeea7bb8d5b052f1a352c4e7 + +**Edit 4 9:56AM:** + +We'll likely see an ascending channel soon. 9:50AM seemed to have happened. + +https://preview.redd.it/lnxv7ugrgyr61.png?width=2136&format=png&auto=webp&s=48e9969642977fdb9413a14ccf88818b54cf22b3 + +**Edit 3 9:45AM:** + +Important points on the Form 8k. + +https://preview.redd.it/ockx8geseyr61.png?width=1934&format=png&auto=webp&s=c88b95369ad623ccc8c307a94a964bd6319dfef5 + +**Edit 2 9:34AM:** + +Swing traders exiting at open. Nothing too crazy. Almost 1 million volume first minute. Pretty decent volume. + +https://preview.redd.it/n0cpc8dtcyr61.png?width=2135&format=png&auto=webp&s=7d95cd8f08e4ceea52b3da7814e10750d5c53902 + +**Edit 1 9:18AM:** + +Sorry **I will not be streaming today**. My neighbors are doing roof repair and it's loud as heck. They are straight up replaced their entire roof so there's going to be banging and sawing all day. + +**EDIT NEVERMIND** [https://www.youtube.com/watch?v=ih79GhTXRdA&ab\_channel=WardenElite](https://www.youtube.com/watch?v=ih79GhTXRdA&ab_channel=WardenElite) + +# Begin Reading Here + +Gooooooood morning my beautiful silverback apes! + +Ah yes. The 10% odds have hit. **No discount today my friends :D** + +To quote myself: + +>Forget options chain, forget TA, what's coming soon is **a chain of business maneuvers that can push the price.** So whether that be a share recall, **a change in leadership**, big business changes are underway. Eventually we'll likely walk out of the eye of the storm, and get flung into the sky and catch a rocket to the moon :D + +Looks like Cohen and Grube have just leveled up. Melvin and friends' plan to short today just got STOMPED. It's like Cohen picked up the invincibility power up and now he's stomping the hell out of the shorts. + +https://preview.redd.it/167dakyi9yr61.png?width=1200&format=png&auto=webp&s=e0596a9fc2522a37d3bcebfad0c9c7f0d7c8a12a + +# Premarket Analysis + +I mean holy pepperoni pizza. Just look at premarket. + +https://preview.redd.it/wd9wpq5q9yr61.png?width=2134&format=png&auto=webp&s=e59ea75bb76f47a87ba7fe00e5e5c1dde814ab54 + +Enjoy a good day of trading my friends :D +**Tl;DR: Trade on GameStop Marketplace, earn $IMX.** + +Hi all, + +GameStop and Immutable share a common vision: bringing power to the players through true ownership. + +A core part of Immutable's protocol is allowing every player and user of our network to earn rewards. + +We're thrilled to share we're doing our largest ever trading rewards partner spotlight for GameStop. I'll keep this short: + +trade NFTs on the GameStop marketplace and earn IMX Tokens! + +1. Up to 100,000 IMX tokens every day will be earned. *Every* trade on the marketplace earns you tokens. +2. IMX tokens will be distributed to you from a pool based on your trading volume contribution proportional to the **total trading volume for the day**. +3. All the details are here: [https://www.immutable.com/trading-rewards](https://www.immutable.com/trading-rewards) +4. Go nuts! [https://nft.gamestop.com/](https://nft.gamestop.com/) + +Best, + +[Robbie](https://twitter.com/0xferg) + +Notes our lawyers made me put in: + +* While the GameStop Spotlight includes all of the same mechanics from our usual IMX [Trading Rewards](https://www.immutable.com/trading-rewards) program, **only trades on the GameStop marketplace will count towards your Trading Rewards eligibility**. Trades on any other marketplace will not be eligible for Trading Rewards. +* **The GameStop Spotlight will run from November 2nd at Nov 2nd 0:00 UTC to November 16th 0:00 UTC.** +I'm a tipped employee who takes home my main source of income on a daily basis, which can make it hard to budget correctly. It's easy to spend money when you constantly have a little cash in your wallet. Recently, I decided to crack down, and actually came up with a system that has worked spectacularly. I have very minimal expenses and make a decent living, but I'm still shocked and proud of myself that I managed to save nearly $1500 in less than a month following this method. This plan might not work as well for those who take home a bi-weekly paycheck, but as someone who has lived off tips for over 10 years, it has worked amazingly. I think of it as a mashup as the envelope formula and gamifying your money. + +I set a goal of putting away $55 every day from my tips, even on days I don't work. [I set up an excel chart to track this.](http://imgur.com/LajGLXD) I used a basic knowledge of the program to set up formulas tracking my goal, the actual amount saved, and how "on track," i was based off how much money i decided to save for the day. + +The part that really gamified it for me was color coding the 'on track' column to either show red or green based on whether or not I was on par for my goal. It actually became fun to know how much money I needed to put away every day to see the little box turn green, and even more fun to know when I was well over my goal. For some reason, this color coded excel chart helped me save money quicker than anything I've ever tried before, and I'm looking forward to continue using this method and seeing how much I can potentially save. + +Edit: Since so many people have been asking, I thought I'd include a little idea of what my monthly budget looks like. + +*Rent: $500 + +*Phone: $100 + +*Electric: $75 + +*Car Insurance/Gas : $100 + +*Groceries: $300 + +*Debt: $0 + +*Everything Else: $200-$400 (Netflix, Home Supplies, Eating out, Personal Care, etc.) + +*Total Monthly Budget: $1,275 - $1,475 + +*Total Needed Net Income to add $1,650 into Savings Plan: $2,925 - $3,125 + + + + +I am setting up Roth IRA's for my wife and myself and we will be max contributing for 2020 and 2021 for both accounts next week. We are in our early 30's and are using these accounts for tax free growth towards retirement. We do not mind aggressive risk but also want to make sure we are diversified enough with at least half of each account invested into safer options. We do not plan on touching these accounts until retirement except for max contributing each year. + +How does the following allocations look? + +* 25% VTI +* 25% VUG +* 15% EMQQ +* 15% ARKK +* 10% PRNT +* 10% BETZ + +Would it be wiser to go with a different allocation of funds for the second account? + +Any advice would be greatly appreciated! Rip it apart! + +\*Edit: proofreading my fat thumbs typing on my phone +Seen a lot of posts on clean energy ETFs such as ICLN and INRG. But yet no one has mentioned any Battery ETFs, which form a huge part of the supply chain in wind and solar being viable due to the problem of inertia on the grid. +8000+ equities, very low expense rate, hard to diversify further until the Martian stockmarket opens one day... + +I’d be grateful to hear folks’ views on pros and cons of VT? +8000+ equities, very low expense rate, hard to diversify further until the Martian stockmarket opens one day... + +I’d be grateful to hear folks’ views on pros and cons of VT? +I’m very curious about side hustles and do have time outside of normal working hours that I would like to use to earn some extra income, which should help with the whole FIRE goal. I made this post to explore this deeper and so we can have a discussion and learn together. Feel free to post anything about side hustles, regardless if I mention it below or not. + +**Popular side hustles** + +* Freelancing (programming, art, consulting, welding, etc) +* Tutoring +* Working security at night +* Bartending +* Dog walking +* Baby sitting +* House sitting +* Amazon FBA +* Property management +* Online tech support +* Uber/Lyft driving +* Flipping things (cars, bikes, homes, etc) +* *If your side hustle isn’t mentioned, please share!* + +**Misc questions** + +* Do you report taxes on your side income? Do you legally have to? +* When should you set up a S-Corp or LLC for your side hustle? For example, let’s say I tutor and earn an additional $10k a year. What if I earned $20k or $30k? +* Which side hustles do you think generate the best $/hour? +* Which side hustles do you think are most fun? +* Some employment contracts stipulate that you cannot have another source of non-passive income. Do you just ignore this? +* Which side hustles are traps and not worth it? + +Edit: for those that don’t think side hustles are worth it and time spent on a side hustle should instead be devoted toward your main job (OT, going for a promotion, getting certifications, etc.), please consider: + +* Not everyone’s job pays OT/has extra hours available or this just isn’t applicable. Think teacher, assistant, etc. +* Sometimes promotions aren’t possible +* Not everyone is in love with their main job and people might want to do something different for diversity’s sake or for fun while earning some money. From u/sachin571 + +> as an attorney, I'm unhappy if I add more hours to my docket, so I work as much as I can tolerate, and teach guitar on the side. +Genuinely curious about this because of a heated discussion regarding student loan debt relief and Bernie's plan. I know he wanted to add a tax on the buying and selling of stocks but I was told this would devalue stock and cause money loss for any and all who invest in the stock market. It was actually taken quite personally since this person's grandparents invested in the stock market and were able to leave their family a fair amount of wealth to start their own lives. I don't want this to get political of "typical liberals blah blah blah". Genuinely interested is all. +I'm having an easy job that pays considerably which gives me a lot of spare time during the day for day trading and I have been growing my account up slowly. + +Suddenly a wild opportunity appear, a company offers a much higher status position with also higher pay plus equity which also comes with a lot more responsibility. While I'm a bit thrilled over the new opportunity, I guess I won't have any spare time for trading in the new role (building up team and managing people) so it's a tough choice to make since I love trading. + +Have you guys been through this kind of situation and what choice did you make? + +Update: thank you all for your advices and comments. After a few days, I decided to keep the current job so I can continue to focus on trading. Although I’m nowhere from being crazy profitable yet, I prefer to believe that I will be consistently profitable if I keep learning and doing this. My biggest goal isn’t to top the corporate ladder, I want to be a great trader and love the idea that one day I’ll be able to work for myself and be free. +First I wanted to start by saying Hudson Jameson did a phenomenal job wrangling all these different stakeholders to the core devs meeting today and playing the part of an effective, neutral moderator. It was a really interesting meeting and great to hear all viewpoints. I'm sure many of you live streamed it as well. + +I’m an Ethereum investor and active user, and I took notes on the most prominent miner arguments against issuance reduction along with my thoughts on each. Would love to hear any thoughts or any ones I may have missed. + +**GPUs that leave network after issuance reduction can be used to attack Network Security (Xin Xu)** + +Xin Xu argues that a decline in issuance from 3 to 2 (33%) will cause a drop in hashrate by 33%, and that such a large drop in hashrate will lead to an influx of GPUs on the market that can be used to attack Ethereum. This argument is predicated on the idea that hashrate will drop significantly. However, any drop in hashrate will decrease difficulty so mathematically a 33% drop in issuance should have at most a \~22% impact to total hashrate assuming a linear relationship. I don't believe that a drop in Ethereum Network Hashrate from current levels (280 TH/s) to January 2018 levels (230 TH/s) is a doomsday scenario. And the real drop will certainly be much smaller for two reasons. 1) Historical data shows that hashrate is extremely resilient against drops in price as well as issuance (source: [https://pbs.twimg.com/media/DlTEyKBV4AERGtB.jpg:large](https://pbs.twimg.com/media/DlTEyKBV4AERGtB.jpg:large)). 2) Historical data also shows that all Ethereum and Bitcoin issuance reductions were followed by price increases which could partially or completely offset the decline in hashrate. + +**Issuance Reduction will drive a dramatic shift in hardware composition of the network (Brian Venturo)** + +Brian Venturo argues that a reduction in issuance will price out GPU miners and cause the network to dramatically shift towards ASIC miners in the short term, increasing mining centralization. However, miners on the call pointed out that currently available ASICS (Antminer E3) is in-line with top GPUs in terms of mining efficiency. It’s only when we compare claims from as-yet unreleased ASIC manufacturers (Innosilicon A10) to 2-year old GPU technology (GTX 1080) that we see any risk of an efficiency gap. Second, the total Ethereum network hashrate is 280 TH/s. **This is equivalent to 577,000 Innosilicon A10s, which would cost $3.3 Billion (at $5700 each).** Any shift of even 10-20% in Ethereum network hardware composition will be **slow and steady**, and as we heard on the call, miners looking to spend significant capital on new hardware are considering major ROI headwinds from 1) upcoming shift to PoS and 2) possible exploration of new ASIC-resistant algos like ProgPOW. Both of these would brick current generation ASICS while GPUS would retain their resale value. More work needs to be done exploring ASIC-resistant POW algorithms, and there's no reason why issuance-reduction EIPs should be roadblocked in the interim. + +**EIP 1295 as an alternative (Brian Venturo)** + +Brian Venturo cites the current rules around Uncle and Nephew rewards as causing weird incentives that miners are exploiting to maximize uncle rate and squeeze higher issuance out of the network. This is a super interesting point, and one that I would love to see explored in more detail (as the downstream implications could be quite complex) **in addition to EIP-1234**. There’s no reason why 1295 is mutually exclusive with EIP-1234, and positioning it that way is a clever tactic to delay any issuance reduction. Brian himself suggested an issuance reduction in 2019 on top of EIP-1295. + +**My Final thought** + +I am in full support of EIP-1234 as a moderate issuance reduction to reduce Ethereum inflation and the amount we are overpaying miners for security. **Looking back on it, last year’s 40% reduction from 5 eth/block to 3 eth/block has turned out to be a phenomenally good decision. Since then, hashrates have increased 3x while price has declined 20% (was $330 pre-fork), all while we reduced inflation by 40%**. Another modest issuance reduction is a prudent decision that is a natural step in Ethereum’s growth and consistent with the original vision for inflation. In contrast, a difficulty bomb delay without a corresponding issuance reduction should be viewed as an issuance increase. + +The quicker we can get this decision behind us, the better. As long as this question looms, investors will lack confidence in Ethereum’s monetary policy, and mining stakeholders will have massive incentive to decrease Ethereum price until Constantinople to increase the chance they can mine at inflated rates through 2019 +I'm finally going to be making enough to get out of poverty-level wages. In excitement, I told my mom the salary offer. My dad had already warned me to be careful around my money with my new wages. Sure enough, she already told my aunt (her sister) who has a big mouth. I'm sure the whole family knows by now. The only saving grace is that I have so much debt (credit cards and student loans) that I can give the excuse to aggressively pay them; hence, no money to lend. (plus CDs, savings, and other places I can stash money away). I will happily pay bills in full that my parents and I share (I moved back in with them. We share phone and groceries. Not to mention utilities, AC, etc. I have never paid these bills before with very minor exceptions--aka when I can). I have student loans in the first place, because my mom used my college fund to pay something on a house she used to own...which she ended up losing anyway... + +I learned my lesson never to tell my mom how much I will be making. I am not a charity fund. I don't owe anyone any money. I already see her asking me for money or to give to family. For ex, we have a cousin in Puerto Rico. My mom constantly gives him money. I told her to stop because suddenly the money goes away quickly, and he calls back a week later. PR is expensive, but my cousin has a boyfriend that for sure he's giving him money. Sure enough, that was the case, and I think my mom finally stopped giving money after my cousin's brother told her everything. (She wouldn't listen to me). + +I don't own a car, but use my parents old one where I always paid for maintenance, gas, etc. I will like to travel to cheap places, many of which have rugged terrains. So, I will like to get this all done while I'm young. I don't plan on making any big purchases, such as a car. Maybe a desk top with two computer screens to get research done. I'm going to be the big mean bad person for saying no to my family, but I am not going to regret it. I've done my fair share of part time work, temp jobs, working full-time at 14 to pay for high school tuition my parents couldn't afford, ended up getting a doctorate degree to then suddenly be my family's piggy bank. Sorry. Not sorry. Thanks for listening. + +Sorry for the rambling and incoherent sentences. +I am a college grad finishing the first year of my first job. I feel somewhat stable and fortunate in my financial position. $60k salary, $10k in HYSA, building my company 401k, and no debt. This is not meant to be a brag post. + +What are the best options in this position, in terms of finances? + +I am considering a Roth IRA as well as general ETF investments. +Just a mental exercise here. + +If an algo were wildly profitable, it could eat up the entire market eventually. Either until it got too big to survive in its ecosystem (like the dinosaurs), or if it ran on something like SPY, it would eventually run the market. + +Is it possible that 1-3 algos are running the market on SPY? + +Is the natural outcome of algo trading either you reach 1 billion dollars or 0 ? +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22&sort=hot)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&sort=hot)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&sort=hot)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&sort=hot)|[**Education| Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&sort=hot)| +|:-|:-|:-|:-|:-|:-| +|[**News | Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&sort=hot)|[**Mega Thread**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22&sort=hot)|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&sort=hot)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22&sort=hot)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&sort=hot)| +|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22&sort=hot)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22&sort=hot)|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22&sort=hot)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22&sort=hot)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22&sort=hot)|[**AMA**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1&sort=hot)| +|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22&sort=hot)|[**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22&sort=hot)||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +🚀 BankersDream + +&#x200B; + +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! Already over 30.000,00$ distributed to holders. + +&#x200B; + +BankersDream team consist of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +&#x200B; + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +&#x200B; + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +&#x200B; + +Buy on **PancakeSwap** + +📜**Contract address**: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +&#x200B; + +&#x200B; + +📊 **Tokenomics** + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1,5% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 8% + +&#x200B; + +&#x200B; + +📌**BankersWhale** + +\- The first community idea which will be implemented into system is BankersWhale. + +\- 1,5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +&#x200B; + +&#x200B; + +📌**Roadmap** + +**2021** + +\- Audit + +\- KYC + +\- Initial marketing + +\- Pinksale presale + +\- Pancakeswap launch + +\- DAPP + +&#x200B; + +**2022** + +**January** + +\- CG listing + +\- CMC listing + +\- Major marketing + +\- First community fund investments in the crypto area + +\- Smart contract development for distribution of fund yield + +**February** + +\- Community event + +\- Start development on launchpad + +\- Audit for smart contract that is distributing the yield + +**March** + +\- Additional Certik audit + +\- Youtube influencer marketing campaign + +**April** + +\- Start developing merch store to additionally fuel passive income + +**Late 2022** + +\- Start of Launchpad + +\- Starting development DAO to include "real assets" in the fund for the passive income (Real estate, Shares) + +&#x200B; + +**2023** + +**Mid 2023** + +\- Launching DAO to include "real assets" + +\- Certik audit DAO + +&#x200B; + +&#x200B; + +📌**GOAL** + +Their main goal is building a community and working on different passive income and volume generating streams according to the roadmap. + +**-** Transparency + +It it concerning and for some it may be a red flag when a team avoids speaking about certain aspects of the project or answering questions entirely. They said "Our focus towards transparency is straight forward: We have nothing to hide and we will do our best to answer all questions as in depth as possible. " + +**-** Activity + +An active team with the same goals will provide stability and quality project/community building. They look forward to bringing everyone together to make the right decisions on this journey. + +**-** Working with the community + +This is one of the biggest boosts a project can have. When the team is willing to work with the community, amazing things can happen. They like you to engage with them and let them know your favorite marketing strategies and suggestions on future projects. They also said "While we cannot realize every idea that is provided, we will work out the best plays for long term growth. We are striving to create assets which are worth holding for passive rewards and an ecosystem built around these assets to maintain the rewards. " + +&#x200B; + +&#x200B; + +📌**Future** + +What they said about their future : + +"Of course we need to think of a way to generate the volume for the rewards. That’s why we intend to build an ecosystem around our tokens. Our plans are not fix yet, one big idea is a launchpad with a unique protocol. We will decide such things together with the community, it also depends on which way the whole crypto market is going to. If we see a better usecase for our tokens to implement and generate the reflection we will consider switching our plans. This freedom we still have due to being that early is great, so we can build the ecosystem fully on the needs of the crypto community. + +For now we are heavily focusing on a good market entry, building a community and marketing campaigns to spread awareness of this asset! " + +&#x200B; + +📢 Remember, it’s from the people for the people. + +&#x200B; + +Not mars, not moon but, to \*\*Neptune!\*\*🚀 + +&#x200B; + +**Website** [https://bankersdream.org/](https://bankersdream.org/) + +**Telegram** [https://t.me/joinchat/WCLymc0zcA01Zjcy](https://t.me/joinchat/WCLymc0zcA01Zjcy) + +**Twitter** [https://twitter.com/bankers\_dream](https://twitter.com/bankers_dream) + +**Reddit** [https://www.reddit.com/r/Bankers\_Dream/](https://www.reddit.com/r/Bankers_Dream/) +My partner and I are looking to buy our first flat. + +We are based in Slovenia, we have pretty ok salaries, making around €4.5k net monthly together and we have around €50k in savings for flat. + +We are currently renting rather cheaply and we pay around €550 pm (all costs incl.). + +Reasons to buy a flat are mainly two - very cheap mortages and moving to a slightly bigger flat (from 1-bedroom to 2-bedrooms) as we plan another family member in the next 2 years or so. But we do not NEED to buy a flat yet. + +The problem are crazy flat prices. Really old and ugly flats that need to be refurbished go for over €3k/sqm which is nonsensical. That means that we would be looking for around €200-250k € mortgage loan over 20-25 years which would mean our total flat costs together with loan would be around €1200 pm. + +My question is, does this make sense? Is the current price madness something that we should wait to cool off or is now the time to buy? Should we rather continue renting for a couple of years and save further 50k? +Also, is 25% of the total income a lot to pay for a mortgage? +I'm in a bit of a pickle. + +So I work in The Netherlands in academia. Full-time. The academic year ends on the 15th of July and then I have summer holidays until August 26. + +I got an offer for a different job in Germany, to start on the 1st of July. Full-time. + +The thing is, starting July, I really don't have much to do anymore at my job in the Netherlands, and I could easily let the two jobs overlap for July and August, receiving double pay, while de facto only working 40 hours. So I would gain 6500€ net out of this. After August, my contract in the Netherlands would just end, and I would continue my regular employment in Germany. + +I know there is EU law on double employment across borders, I've looked at it. It's not allowed to work two jobs like that at the same time. + +However, I don't have to move a finger for my Dutch job for that overlap time. + +Should I do it? It's not a permanent situation. + +Edit: Deleted question regarding legality. +Looks like Robinhood couldn't handle the heat for more than 1 day into their 3 day AMA and deleted their AMA. They just removed their post after ignoring all questions that didn't ask about a crypto wallet, and even then, they refused to give a date as to when they would release a wallet. It's so weird that they would make an AMA if they weren't ready to answer the tough questions. All it did was further confirm that using their exchange is a terrible idea, especially after the GME fiasco + +Stay far far away from Robinhood and remember: not your keys, not your Crypto. + +[Here's a screenshot](http://imgur.com/a/nV7prcp) +I've been reading a lot about owning farmland as a "recession proof" asset. I know there has been much written about Bill Gates and his recent tear of purchasing farmland. I also know there are Farm REITs to invest in. + +From what I always assumed, farmers are struggling and it's not easy to make money. What am I missing about buying farmland and making money. Does anyone have any insight? +I’m looking into buying a mixed-use building in Philadelphia that has a commercial unit on the ground floor, as well as two residential units above it. + +Is there anything I should know about this scenario specifically before putting in an offer? One of the two residential units is already leased, and I plan to live the one that is currently unoccupied. + +The monthly expenses not including maintenance come out to about $3600 a month. The unit currently being leased brings in $1650 a month. If you set aside an additional $1650 I can pay myself back for my unit, and I figure I can get at least the same $1650 for the commercial, this looks to me like a slam dunk positive cash flow. Is there something I’m missing? Is commercial rent usually lower than the residential rent? Is it difficult to get commercial tenants? This is in an in-demand neighborhood. + +Appreciate any help as I don’t have much commercial experience. +On today's call with "We the Investors" Gary Gensler told us that this is interesting and that he's lookin' in to it! + +On the bright side, Gary Gensler did say that today's call would be entered into the official record of the SEC. + +Other Bright sides: +1) We got the SuperStonk mentioned. +2) We got the Jungle mentioned. +3) We got DRS mentioned. +4) Gary Gensler provided us with a way to create our own proposals. (Further research needed.) +This is anecdotal but I'm a contractor so I have wealthy clients who I regularly chat with. I've asked a lot of those people who live in very expensive homes in the GTA what they do for a living, they all told me they either own real estate or have some kind of business. From what I read on here and from Ben Felix, VGRO/passive ETFs have a higher return than real estate. Is this just my selection bias? Because the math is clear that ETFs or REITs are better than physically owning properties. I would think it'd be more common though. +I had a trip to Japan and the Philippines booked for March 31 to April 27. Booked through Flight Center, with Philippine Airlines. + +When things started to get bad a week or two ago, i called FC to ask about cancellations, and was told that if Philippine Airlines allowed us to cancel for a refund, they would waive their $300 cancellation fee. + +Manila International Airport was recently fully locked down. ALL of our flights involved Manila Airport. None of our flights are operating anymore. + +Philippine Airlines are offering a full refund. + +Flight Center have told us that their policy changed a few days ago and their $300 cancellation fee is still in place. + +This seems absurd to me!! + +We are not cancelling. Our flights were cancelled. + +We paid for something and they were unable to provide it and now they want to keep $900 (me and 2 siblings). + +Are they allowed to do this? + +Is there anyone we can take it up with? ACCC? Ombardsman? +Genuine Question. This sub is so helpful, but why do we find it so hard to manage our money well? + +Interested in peoples thoughts. Is it down to a lack of financial education in school/online? + +Is it because there aren’t good tools available? + +Is it because financial advisors are too expensive? + +For me, it was always that I managed money unconsciously, which meant I didn’t really have the confidence to know what was best to do. + +Would love to hear people’s thoughts. Also, why isn’t anything being done to solve the above problems! +I went to file my taxes yesterday the same way I have done for several years, with the TurboTax free file. I noticed a few things that I thought I'd share: + +When I got to the section for the child and dependent care credit, the software kept telling me that I don't qualify. I knew that I still qualified for the credit so I googled it. Turns out, when you enter your W2 at the beginning for you and your spouse, it defaults both of them to one persons name (so it appeared that I made too much money for the credit, while my husband had no income). As soon as I went back and assigned one of the W2 to my husband I qualified for the credit, which boosted my refund by $600. + +Because I filed for a specific credit, TT software said I needed to pay the $39.99 as the free software didn't cover one of the forms I'd need done to file. I was already finished by this point and was getting money back so I figured ok, I'll pay it, and that I will just file by hand next year. TT gave me the option to pay this fee out of my refund, saying something like "no need to reach for your wallet, we can just take this from your refund". Nowhere on this page did it indicate that there would be a fee to do so. When I was completely done and ready to file, TT asked me to consent to the charges and hit submit. I noticed that the fees suddenly went from $39.99 to 79.99 and I didn't understand why until I searched the internet and found dozens of complaints from last year. Apparently TT is charging an extra $39.99 in order for them to take the original fee from your return with very little explanation and quite deceptive language on their website. I paid the original fee with my credit card and filed without issue. + +I know this is a bit strange and I am not trying to blast TT in general, but I do think it is fair that people be aware of these fees and quirks of the software. Hope this helps someone! + + + +EDIT: WOW Silver! Thank you kind stranger! + +This is by far my biggest post on Reddit! I've compiled some of the resources suggested but it appears that the most popular free tax filing this year is Credit Karma. + +In USA: +The VITA Program: https://www.irs.gov/individuals/free-tax-return-preparation-for-you-by-volunteers +Description of this program in the top comment, thanks u/meowmeowmeow_meow + +IRS Free File: https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free +This is the place to start for free filings, particularly if you're going to stick with TurboTax (which I do not recommend). There are many other options on this site though and it is a valuable resource the IRS provides. + +Free Tax USA: https://www.freetaxusa.com/ +This was suggested by many commenters + +Credit Karma Tax: https://www.creditkarma.com/tax +Also suggested by many commenters + + +In Canada: +Simpletax: https://simpletax.ca/ + +I really hope all you beautiful people get the most of YOUR MONEY back that you possibly can!!! + + +Not looking for this to turn into a bragging session of the value of what you have. The goal is determining if we are missing something from a **functional** perspective at our aging thicc/chubby/corpulent state in life. + +Here’s what I (we [older DINKs]) have. + +**Essentials** + +* Passport. Birth certificate. SSN card. Minor other documents. + +* Signed copy of DNRs. \#yolo + +* Copy of vaccination schedule, known medical reactants and allergies + +**Functional** + +* US currency. Decent amount. All denominations. Non-sequential. + +* Foreign currency - euros, pesos, pound, Canadian - easiest to have these currency on hand for travel and then replace on return. + +* $2 bills. A fcuk ton. Also known as tipping money. (least appreciated bill [eva?!]) + +* Gift card collection. Non-expiring. Doubles as an occasional kudos for my employees but also allows the option to stay under the *radar* if needed. + +* Keys. Copies of. Cars, homes (redundant since they have electronic locks). + +**Sentimental** + +* A mushy farewell letter to each sibling. Updated yearly(ish). + +* A small coin collection hardly worth anything but represents my (late) dad’s entire numismatic hobby. + +**Misc** + +* Firearms. For sport. Not safety. EoD on this. + +Edit - Lots of questions on safe brand. It’s a gun safe from Cabelas. I think it’s the Liberty line. Not super worried about burglary. I’ll update when I confirm later today. [sub-edit: Liberty] + +Edit 2 - Not preparing for apocalypse. Not a prepper, we have no stores of canned goods, or rum, or poppies. Instead we are preparing for accidents, minor emergencies, natural disasters, travel and health events associated with aging. + +Edit 3 - I have decided to stock a (small) barrel of bourbon. Because \#yolo +This is not a shitpost, I’ve included screenshots and will provide additional if needed by the ghey mods to show this is real. + +I logged into a device’s Robinhood account (I’m from Iowa btw) and linked my bank account. Then immediately I transferred $15k into my Robinhood account by accident. I frantically tried undoing it, but they seemed to have eventually noticed because it says the password changed. So far, nothing has changed so I don’t think the person realizes what’s going on. The $15k is set to clear on the 10th (Tuesday) and I’m thinking about this non stop because why would this happen? I emailed Robinhood about it and they haven’t replied yet. + +I posted on legal advice and the responses were lackluster, but one commenter advised me to go to WSB since whoever I’ve tried to scam would likely be retarded enough to post about it. I figure I might as well come here to get a second opinion. What do I do? + +Edit: for the longest time I wondered how some people are retarded enough to go -99% in their accounts, but I now realize most of you are in fact actual crayon eaters +I've been sharing this link due to the tax information, although it appears it's now been updated to include the below details. Spicyyy. + + + +GameStop Guidance for International Stockholders with Split-Related Questions + +GameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split. Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants. We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares. + +As always, we appreciate your investment and enthusiasm. Although we are not able to engage with individual brokerage firms, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC. +Curious if others have had a similar experience. I fatFIREd a few years ago following my employer being acquired. My wife doesn't want to - loves her career. We have two kids of school age. + +For a while I worked on some open source projects (I'm a programmer), tried to find hobbies, trade, and generally enjoy life. But it just didn't quite work for me. We have a nice house in a posh area. We've been traveling to luxurious places, but with the kids we can't really be globetrotters - not to mention Covid. I just grew increasingly aimless. + +I ended up getting back to work. I may be one of those folks "defined by their career" or whatever. Clearly I'd do for free what people are willing to pay obscene amounts for, but in an unstructured environment (open source, define-your-own project) I can't find the motivation to do something heavy. I'm not a good entrepreneur to create a startup. I just ended up having a job with a boss and doing the coding I like anyway. It's a lot better than my aimless days. + +Also, one important thing is what kids see growing up. We believe living under one's means is good to practice. You wouldn't be able to tell we have money if you saw us walking down the street. Our kids know they can't have anything they want because things have a price and the budget is not unlimited. And I think they seeing me working is better than seeing me just moping around the house. + +I have the feeling I'm missing something important, like I don't know how to be rich or whatever. Is that the case? +Whilst the media gets excited about 309K 4Q sales from Tesla, it's market share of global EV shares continues to steadily fall to 13.7% (16.8% high in 2019) as other manufacturers add EV's far faster in the exploding mkts of Europe and China. + +Little BYD sold 265K EV's in 4Q, for example, dwarfing Tesla's likely 105K local Chinese sales. + +VW Group (which includes Audi, Bentley, Lamborghini, etc) will have sold 9 million cars in 2021, vs Tesla's 936K, yet trades for a paltry $135 billion mkt cap vs Tesla's $1.15 trillion. It also sells a fair chunk of EV's holding 11.8% of the global EV mkt share. + +VW will likely surpass Tesla in EV sales in 2022. It sells ten times as many cars and trades for a tenth of the value of Tesla. + +Before the 'Tesla is not a tech company' comments it sells no tech business to business or to customers outside it's car and energy products. It seems Tesla owners are far more realistic on Tesla tech than investors with only 11% of buyers taking up FSD. + +(All figures verifiable via companies, insideevs.com, etc) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +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'm sure those companies also want the credit line that comes with a sky high valuation, but even with that, I do not see WeWork surviving a 2020 recession, especially if it comes with a dip in property values. + +EDIT: I am not a professional investor in any way shape or form. + + +* DoorDash (NYSE:[DASH](https://seekingalpha.com/symbol/DASH?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link)) opens for trading at $182 after the [IPO was priced last night at $102](https://seekingalpha.com/news/3642739-doordash-prices-ipo-well-above-range-102-share-valuation-nears-39b?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link), which itself was upped from an initial hoped-for range of $90-$95. +* The company sold 33M shares, raising nearly $3.4B on the IPO at a $39B valuation. (9M revenue $1.9B, net loss of $149M). +* At the opening price the company is valued at about $70B. +* There is also development on DoorDash out of Washington, where the attorney general has ordered the company to cut commissions, according to [Reuters](https://in.reuters.com/article/doordash-washington-dc/dc-attorney-general-orders-doordash-to-cut-commission-in-subscription-program-source-idINKBN28J2HA?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link). +Recently I started a new career path and my pay has meat doubled. I'm making no life changes, but I'd like to knock away my debt. Scholastic, and medical mostly. I was planning on just paying off whatever shows up on my Credit Karma app, but I still am getting bills in the mail. Should I pay them as they come in, or even 100%? Is that an option? I want to maximize results as best as possible. Any advice at all is more than appreciated. Thanks. +The interview went well, we agreed on a salary. Got a call from one of the director saying how happy he was to have me on board. Then I got the employment contract, employees handbook, super forms, etc. + +I noticed that the salary was inclusive of super, and I kindly asked to consider stating my salary as exclusive of super; and, then immediately they decided to not hire me.... + +Wtf...? What did I miss + +Edit for clarification: +We agreed on say $100,000+super, and they put in the contract $110,500 (inc super). I asked to consider putting in the contract the former and they just decided not to hire me.... +For example: + +* The trust SMT has many US holdings. +* At 6am US/East *(11am London)* the US markets are not open, but are reporting "pre-market" prices. +* However, the UK market *(where SMT is traded)* is open at that time. +* **Will the price be impacted during pre-market or not until the US market opens at 09:30 US/East?** + +Also welcome any other details of how the price of Trusts are determined. + +Over the weekend we smashed our all time high! We now have 1k members on our Telegram and we’re trending on CryptoMoonShots for 3 days! So huge thank you to everyone who has joined the project! + +For those of you who don’t know $Bingus is a meme coin (a damn cute meme, here some [fan art](https://imgur.com/gallery/jrPLzQu)). 1% of *all* transaction are given to animal rescue charities! **Yesterday we gave out our 4th donation!** So that’s 4 donations in 10 days since the project started. A further 1% is returned to holder, and another 1% is burned. Making a total of 3% fees, all which benefit the token, the community, and charity! + +**Donation Receipts** + +Donation 1 ($350) [Wright-Way Rescue](https://imgur.com/GjMOBt5) | Donation 2 ($1000) [Forgotten Animals](https://imgur.com/a/Evvmvah) | Donation 3 ($3000) [Reversed Rescue](https://twitter.com/bingustoken/status/1381103970383491072?s=28) | Donation 4 ($2500) [Jersey Animal Rescue](https://www.instagram.com/p/CNlTQO8p1ik/?igshid=c9i35ifw2b0o) | + +Social links for the charities are at the bottom of this post. Please show them your love and support! + +**LISTINGS** + +**Listings for CoinMarketCap and CoinGecko are on the way**, they have been applied for so expect them any day now. So this is a final warning to get in before then! The devs have **spoken to a high profile crypto lawyer** so they can begin registering as an LLC, this massively helps in getting listings as other major moves. As soon as we know more about listings you’ll see on our [Telegram](https://t.me/bingustoken2official), which also happens to be one of the comfiest communities on BSC! Come join us and ask any questions, don’t forget to share any pet pictures you have! + +**AMA** + +**Last night we had an AMA** on our [Discord](https://discord.com/invite/qKdZdd558F) where **one of the two founding members [doxxed](https://www.instagram.com/mjcerisano/) himself** and announced he is talking to a lawyer in regards to further making his identity and status more transparent. He also gave out his Twitch and showed everyone his super cute dog! The $Bingus project wants to become a **leading global charity** and the first of its kind to bring crypto to the mainstream! This kind of transparency is key to achieving that goal! It really gives everyone a sense of trust in a crypto space where trust is vital, and brings us from the online space to the real world. MJ has a huge passion for helping animals and you that came through in the AMA. + +Then **best part of AMA by far was the surprise guest**, the fourth charity! It’s was super wholesome to hear the love reaction to the donation. The charity is small and the donation made by this community will do amazing things for them and help so many animals! Expect this to happen more and more as we grow together. Even though I love the project this secured my complete faith in it! + +As well as the above the AMA covered all kinds of technical aspects of the project, and future plans to get some merch going for you *and* your pets! If you want a full run down of the AMA just drop by the Telegram or head to our Discord. + +**AUDIT** + +**Our audit is complete!** Is was conducted by Desesrt Finance, a highly reputable group and the results are great! Your funds are safu! +You can find a 19 page PDF copy of the results [here](https://docdro.id/hVAjypx). + +**YOUTUBE** + +We also have many **YouTube channels interested in $Bingus** and the charity efforts, including one with **2 million+ subscribers**. We’ve also gained some attention with international YouTubers so expect us to keep **breaking boundaries and reaching wider audiences!** Watch this space! + +It’s been an amazing week for $Bingus and the whole community! Not only have we smashed price expectations but we have grown in so many areas, expect the news to flood in this week! We’re making some really unique gains in the entertainment industry that could be a first for any crypto project. We can’t say too much here but expect great things to come! + +**Story Time** + +For fans of our story time posts on Reddit we have one based on a modern science theory on its way for you. It’s super fun and exciting so stay tuned, $Bingus always delivers! + +Check out our previous ones [Genesis](https://www.reddit.com/r/CryptoMoonShots/comments/mnjg5r/the_genesis_of_bingus_charity_token/), [The X Files](https://www.reddit.com/r/CryptoMoonShots/comments/mooip8/the_bingus_files_season_1_episode_8/) + +If that hasn’t sold it for you then you must be crazy! And it’s okay to be crazy, just remember we’re always here for you, and the animals. + +**Links to Everything You Need** +======================= + +The shiny new website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8) + +Charts are available [here](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +Our [Telegram](https://t.me/bingustoken2official) +^(make sure to complete the captcha in time) + +Our [Discord](https://discord.com/invite/qKdZdd558F) + +r/abingus for all your memes and Reddit fun + +A Bingus giveaway is live on Twitter [@BingusToken](https://twitter.com/bingustoken/status/1380542296219811846?s=28) + +The original art used in the post was created by Manuelfqart and commissioned by a $Bingus community member. + +**Charity Links** +============== + +**Wright Way Rescue** + +[Twitter](https://twitter.com/WrightWayRescue) + +[Instagram](https://www.instagram.com/wrightwayrescue/) + +[Website](https://wright-wayrescue.org) + +**Forgotten Animals** + +[Twitter](https://twitter.com/forgottenanimal) + +[Instagram](https://www.instagram.com/forgottenanimals/) + +[Website](https://forgottenanimals.org) + +**Reversed Rescue** + +[Twitter](https://twitter.com/ReversedRescue) + +[Instagram](https://www.instagram.com/reversedrescue/) + +[Website](https://www.reversedrescue.com) + +**Jersey Animal Rescue** + +[Instagram](https://www.instagram.com/jerseyanimalrescue/) + +[Facebook](https://www.facebook.com/jerseyanimalrescue/) + +[Website](https://jerseyanimalrescue.com/) + +**THANK YOU ALL FOR YOUR AMAZING SUPPORT — WE’VE HELPED SO MANY ANIMALS ALREADY AND WE’RE JUST GETTING STARTED** + +**Token Stats:** + +Market cap: $5.5M + +Holders: 1875 +You have to wonder why a company would take on such an unprofitable endeavor. If the housing market decides to turn again how big are their potential losses? What’s the best case scenario for this company long term? + +https://www.curbed.com/2019/3/21/18252048/real-estate-house-flipping-zillow-ibuyer-opendoor + + +So I received a dividend from F that was supposed to be reinvested at market open. Today's high was $14.12/share, but my dividends was reinvested at $15.51/share. I asked Robinhood about it and they changed it and acted as though they don't know what I'm talking about. + +Anytime I purchase anything through them it's at an inflated price. First off, why? Second off, is that legal? Shouldn't there just be a fee instead? +Hi, + +I'm from the eu and have been meaning to start a long term portfolio(10-15 years) for some time now and just recently decided i want to go forward with it. I created an account on Degiro and deposited my initial money but now the question is which ETF's to buy. + +I plan on putting 300-400€ in each month. + +Do you guys have any recommendations on which ETF's to buy? + +Thank you very much +So, I finally found a Company that will let me migrate from Germany to Spain while not slashing my salary in half, which is something I’ve been looking for for quite some time. + +Once migration happens, they agreed to cut around 20% off the German gross salary at that time and offer a regular contract from their Spanish entity. + +Sounds very good to me, especially with lower taxes and CoL, but they keep saying the contract will have “regular Spanish conditions”. They’re not into slavery so I assume their Spanish contract will be as fair as their German one, however I’m not particularly familiar with “regular Spanish conditions” especially regarding paid time off/vacation. + +Can anyone tell me something about PTO in particular or anything regarding Spanish employment contracts that I should be aware of? + +Anything else I should take into consideration like private health insurance on top of the public system? Or is it better to just go ahead and pay out of pocket for anything that isn’t covered by the public insurance? + +What about retirement savings? I’m planning to continue to put money into etfs as I do now (maybe crank them up a bit more). + +I’m not worried much about being fired/protection as the field I’m in is highly sought after, so I’m pretty confident to find something else quickly if need be. + +In case it does make any difference: I’m 38, plan to migrate in the second half of 2022, and aim for the canaries. Work in IT. + +Any hint is highly appreciated! +Thank you +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +These type of occasions are rare. The first Monero hard fork is being FUD'ed hard by the Monero community. +Here is why i'm in FAVOR of this chain split: + +1. Monero's own FUD. The community over there are going CRAZY about this, which means good business for all of us. +Heck, they even created a new 'gag' fork to confuse people about this one. What does this mean? +I remember the good times of the Bitcoin Cash fork, and the warning from bitcoin core community. This feels harsher = good for us. + +[Imgur](https://i.imgur.com/kb9XUXo.png) + +The Monero guys are known for doing this to all privacy coins such as Dash, Zcash, Sumokoin and others. +see - https://www.reddit.com/r/dashpay/comments/7vyuxl/why_does_the_monero_community_hate_dash_so_much/ - a VERY interesting read. + + +2. They seem professional, to-the-point, and development focused. +I've read the roadmap paper (https://monerov.org/MoneroV-Roadmap.pdf), asked around their telegram chat group, messages their emails, and all I got was clear answers. +They even suggest you wait out the extraction of coins until there is an open-source wallet that is checked by the Monero (and whole) community, alongside best storage practices etc. +Besides, the blockchain explorer is working, git already rolling out. + + +3. I'm fed up with Monero being centralized by 1-5 key ppl. +Fluffy Pony Is Monero, Monero is FluffyPony: https://www.reddit.com/r/Monero/comments/6d5yt5/what_fluffypony_just_did_is_not_ok/ +At least now with supporting XMV, no one could claim authority on the coin and manipulate it. + + +4. They chosen the 'hard' way. Guys, if this was a grab they would've done what Monero gold did, or any other erc20 token idea out there. +They could have done a pre-sale, do a quick ICO, invest in marketing etc.. it's not the case here. They picked up a necessary fight with a vicious community. + + +5. Development plan seems ambitious but necessary. + + +In conclusion, this is going to be the best fork since BTC/BCH. I'm loving the FUD and cheer for MoneroV. +I wished they would invest more in marketing / bounty programs so that more ppl will take their side, that's all. + +That's my 2 cents of a contrarian outlook. +EDIT- typos +One organization should not play such a powerful role in which coins succeed and which don't. A foundational reason why crypto is supposed to be a game changer is decentralization. But somehow what transpires in the cryptosphere is that one centralized organization picks and chooses which coins get added, manipulating the market. + +Did you notice Bcash going up a lot before it was added? Insider trading. Coinbase is corrupt just like most banks and financial institutions. + +FUCK COINBASE. + +Thanks for listening. + +Edit: I'm not complaining about "missing out on bcash." It's bad that one organization has such a powerful role in manipulating the market and I have a hunch [insider trading](http://www.bbc.com/news/technology-42425857) occurred. With time CB will lose market share and hopefully we'll see more liquidity in the market soon. +https://www.bloomberg.com/news/articles/2019-10-16/americans-now-need-at-least-500-000-a-year-to-enter-the-top-1 + +1.43 million US taxpayers made that cutoff, wonder what percent of us here do too? +I went to Yahoo to check the futures... Im literally writing this now... + +I see some FUD.... but for another stonk.... + +So... Im like... lets check this FUD out... see whats going on... + +[https:\/\/finance.yahoo.com\/news\/rite-aid-stock-crashes-20-after-wall-street-analyst-says-retailer-could-go-out-of-business-185802344.html](https://preview.redd.it/eajmth6z87s81.png?width=640&format=png&auto=webp&s=0b44312e2feac82ea80fd9ff40be2fb95302ea7f) + +**So... Im like... this is some serious FUD... like who is bashing Rie Aid so much?** + +So I click, and low and behold... its Yahoo's number 1 shill and a Superstonk Favorites "Brian Sozzi"... + +**Let me show you some of Brian's GME posts...** + +**Brian... your'e so f##### buddy...** + +[Yahoo Fud Master Brian Sozzi... ](https://preview.redd.it/jdhlrztya7s81.png?width=546&format=png&auto=webp&s=e8b1241222459a809b9599105aa869f482c53fdd) + +He trashes GME alllllllll the time..... + +https://preview.redd.it/k0ktkdk0a7s81.png?width=801&format=png&auto=webp&s=02c4e1f5bc6a4b892e0b56f472acbb3fc11ab7fb + +https://preview.redd.it/3c8f2ov1a7s81.png?width=791&format=png&auto=webp&s=c79f50e1246dd6027108080a06c5f7906ae66829 + +https://preview.redd.it/w5fy2ed7a7s81.png?width=785&format=png&auto=webp&s=cc999811c77a7d2dfe6a943888a5e516dbd36870 + +**And recently he has bill gross on... they since changed the story - They don't brag about his $10 million gains in GME anymore as a short - because I called them out on it on twitter, because they didn't disclose that GROSS had a position in the March 29th Story.** + +[This was edited from the one below... ](https://preview.redd.it/hb3qomesa7s81.png?width=886&format=png&auto=webp&s=7268c41559be330ab298d1357a96451a50eb6c83) + +More on Bill and Brian Below.... + +&#x200B; + +[So thats all removed now... But I save Copies... ](https://preview.redd.it/hc985pabb7s81.png?width=721&format=png&auto=webp&s=0c77a87167e18e322ecc37fdc276d10cece68b09) + +**Anyway back to Rite AID....** + +**So I click...** + +[Stock traded from $90 to $7 in 5 years... ](https://preview.redd.it/k768t6rkb7s81.png?width=1136&format=png&auto=webp&s=22f95fbeb90cc6a287d47dcf2cd324ae45ed8be8) + +FUD + +[And then more](https://preview.redd.it/abg873uqb7s81.png?width=784&format=png&auto=webp&s=a2615b661f771d3171f85c63b77c564b522d6a1e) + +[More](https://preview.redd.it/xtltbzfzh7s81.png?width=668&format=png&auto=webp&s=844682a11d3de5dc29921da22071411c0a106906) + +So i'm gonna say who ever is shorting GME. is also shorting Rite AID... and using BRIAN again... + +Lets check Citadel... + +[YEH THOSE PRICKS OWN IT](https://preview.redd.it/n6iicv9hc7s81.png?width=1029&format=png&auto=webp&s=687767fb0d0822c9dc3161daab037129e35fc3f1) + +[https://fintel.io/so/us/rad/citadel-advisors-llc](https://fintel.io/so/us/rad/citadel-advisors-llc) + +[https:\/\/stockzoa.com\/ticker\/rad\/](https://preview.redd.it/6oxgxgv9d7s81.png?width=1193&format=png&auto=webp&s=22b13d37e0609e2fa7ad43efe796ad5751de4a71) + +A look at the volume - looks just like GME - + +[https://finance.yahoo.com/quote/RAD/history?p=RAD](https://finance.yahoo.com/quote/RAD/history?p=RAD) You get a big day every now and then just like GME and the others. + +&#x200B; + +[They did 20 Million Shares today](https://preview.redd.it/dhrdn5hqf7s81.png?width=898&format=png&auto=webp&s=6254ffee65ef9f4173e1ad1393e6a2184bb75fc2) + +[13 Million on Dec 21.... ](https://preview.redd.it/17ri9efpf7s81.png?width=906&format=png&auto=webp&s=ee3a2a63b9716fdc063df5d9c147cd62234947f7) + +The Algo sprinkles the shorts in on these big days... (speculation) + +[BCG had eyes on Rite AID back in 2016](https://preview.redd.it/qlvg9jhhd7s81.png?width=990&format=png&auto=webp&s=0c8cf3af06c4db7023265c3d15dc3db55feb3c38) + +**TLDR: I accidentally discovered a new basket stock - Rite AID or RAD. This Links Yahoo and Brian Sozzi to Citadel and Friends... the only definitive piece missing is the BCG connecting but i have 125k DRS's apes who can help me find...** + +This is proof that whoever is feeding Brian the FUD for Rite Aid, is also doing it for GME - remember Yahoo is owned by Apollo... Leon Black... + +Just incase your'e not sure... people say he was Epsteins best friend... + +[Well is Wall St says he's clear I guess he's clean... LMAO... ](https://preview.redd.it/dqiemke2e7s81.png?width=1111&format=png&auto=webp&s=7c21cd871bddde200164fd41428d68bcfe7ff48e) + +[Apollo runs Yahoo... ](https://preview.redd.it/nm5j048di7s81.png?width=622&format=png&auto=webp&s=d7db27d37f92c0d1d02f874d7fa717b28422e698) + +**DEAR SEC, DO YOU WANT ME TO DRAW YOU A LIL PICTURE? WITH SOME WORDS.... ABOUT WHAT I FOUND... THAT MIGHT HELP YOU SMOOTH BRAINS OVER THERE -** + +THE ONLY THING MISSING HERE IS THE LINK TO BCG FROM RITE AID - BUT ITS CLEAR AT THIS POINT THAT SHORTS ARE USING BRIAN SOZZI AS A FUD MASTER... OPEN TO FEEDBACK AND SHILLS... give me your best shot... + +**EDIT -** these guys are long the stock so they can manipulate it - they are also long gme and others - + +RITE AID IS A COMPETITOR TO AMAZON \_ + +Apes, I do these DD's in 20 mins in my underwear on a laptop... if the SEC really cant figure whats going on... we need a new SEC lmao mayo man mayo boy... + +Rite aid is about to die - we need to save Rite Aid !!! Let’s talk to the sec and ppl - send to doj - send it - + + +And get this / they sold 20million rite aid today - who wants to bet gme gets smoked tomorrow before close ? This is where citadel keeps getting the money - how many other shorts are they working ? + +If Ken has to close all the shorts when gme moons- he’s done - it’s game over Ken - rite aid alone would prob ruin you if you were called- +https://www.cnbc.com/2020/06/22/wirecard-says-missing-2-billion-likely-doesnt-exist-shares-crash.html + +So they first claimed to have the missing funds with two Philippines banks but not only do those banks say Wirecard wasn't a customer, according to the article + +> the Philippines’ central bank said Sunday that the money hadn’t even entered the country’s financial system. + +This now surely goes so far beyond an innocent accounting error, I can't see how it's not anything other than a criminal conspiracy with the deliberate intention of misleading investors. + +If German prosecutors aren't already preparing a case they really need to get started. +5 year lurker.. first time poster. There have been a number of posts recently of very fortunate people which have been received with everything from incredulity paired with despair to heartfelt congratulations. What a spectrum of emotion! Accusations of humblebragging have reverberated around the sub and it’s altogether been a little too salty for my liking. Let’s start with the basics: + + + +[Graphs]( https://imgur.com/a/xt9i3) + +Married, no kids. 30(M), 29(F) +**Income:** $375k. $275k (me), $100k (DW) +**Net worth:** $610k +**Home equity:** $220k +**Semi-liquid:** $390k. Spread across taxable and non-taxable. +**FIRE Number:** $2-2.5 million including HE. + + +Now that I’m done with my humblebrag, let’s look at what portions of my experience and perspective I can share. If I can do this from my starting point, so can most of us. I am under no doubts that luck has played a large role in my success, but there are number of decisions and risks I took that have been equally important. A number of the seemingly insurmountable barriers that people described are just that.. barriers. You can do it too! + + +The above is a one-dimensional view. Let’s look at the barriers on the way: +>Lower wage job ($25k) in a lower paying country that the US (UK). Check. +>Degree with poor job prospects (manufacturing). Check. +>Lower (relatively) income ($75k) in a HCOL (SF Bay area). +>Single income couple in said area. Check. +>Student loan debt ($70k). Check +>Industry that is stagnant, losing jobs and lower paying (manufacturing). Check. + +**Getting a job** +I graduated in the middle of the recession (2010). TBH it was the best thing that happened to me. Prior to 2010 I was bottom of my class. The raw, primordial fear that the recession introduced into my life changed me from a skirt chasing Counter Strike: Source addict to one of the library’s most studious residents. I had mistakenly studied manufacturing engineering in university, oblivious to larger global trend of automation and the exodus of manufacturing jobs to low cost locations. It was hard, really hard to get a job. My first job paid decent money, $25k, all things considered. I took any advantage I could get to get it- I had to travel for my interview. When I checked into my hotel room, the receptionist told me that my “colleagues” had already checked in. Thinking on my feet, I asked her who they were and what rooms they were in. Turns out, 2 were there to conduct interviews and were in the bar. I dumped my stuff in my room and headed to the bar. We all joked about what a remarkable coincidence it was when all three of us ended up chatting for a few hours! 100% this is why I got the job over the other 200 applicants- I got to connect with them, on a human level, outside of the interview process. + + +**Finding a profitable area in a waning industry** +My early professional life was plagued by a sense of impending doom. I knew I had to do something differently if I wanted to avoid building a career in a dead end industry. Despite my efforts, I couldn’t get into a different industry, so I started to look into the areas of manufacturing less likely to go to a cheaper location. Anything where the value is derived from IP (Pharma, medical devices), government contracts (defence) or major capital equipment (trains, planes). I landed a job in medical devices, $35k at a US multinational. At this stage of my life, I lived on $10k a year with a savings rate of ~60%. I didn’t heat my room, never had AC, I never ate out. My food budget was $25 / week for groceries and $20 / week for subsidized meals at work. Video games kept me sane. I studied at night time to pick up certifications in statistics and business to broaden my skillset. + + +**Engineering a relocation** +In 2012 I went on a business trip to the US. I was dumbfounded. My peers in the States were earning 3x what I was and paying less tax. Not only that, but progression was fast! There were managers and directors in their thirties. I was sick with envy. It was a visceral feeling that hijacked my emotions for weeks! And like that, I decided I HAD to go the US. It was the only option for me. I applied for every single posting I could find in my company and was uniformly rejected. New grad with 2 years’ experience? No chance. Then I found out that an important VP was visiting our plant. I begged my friend, an administrative assistant, for his schedule. She eventually relented. **Pro tip:** Admins are gatekeepers and have huge amounts of important information. Always be on their good side! I researched his career and then “happened” to be in the elevator at the same time as him and delivered an elevator pitch. Just like that, he scheduled a follow up call with me, which led to some other calls. 3 weeks later I left everything behind and landed in San Francisco airport. Salary was $74k. + + +**Stuck in rut, but still saving** +Fast forward 3 years and I’m horribly unhappy. The manufacturing site I’m in has 30%+ attrition and has laid people off. It is disproportionately staffed by low paid visa workers who cannot leave. Compensation is generally 20-40% below market. Thankfully, I did not sacrifice my life for work and I’m in a very happy and meaningful relationship with my future wife, who kept me sane. We were living together and subsisting on one income as she was in graduate school. Total expenses for 2013 and 2014 were $40k and $42k respectively. This was very challenging in the Bay Area. I don’t know how parents support children on that level of income here. They must be budget ninjas! We had a good deal on rent ($1,650 for a studio) which we got by being the first at every showing (usually 7AM), and being willing to sign a lease on the spot. + +We got married ($16k, 80 people). Happiest day of my life. $16k was a small price to pay for such an amazing day. We made all the decorations and married at a restaurant- cheaper as their business model is to provide food and seating together. Surprising how expensive it is to pay two different companies for each separately. My biggest regret was paying the included 18% service fee but leaving no additional tip. There’s being frugal and there is being cheap. I cringe every time I think of it as the staff were fantastic. DW had $70k of debt from her undergrad and master’s degrees. Refinanced at 6.8% and put everything we could towards it. DW got an excellent job in healthcare, income is relatively fixed around $100k for.. well forever. Her job and income are much more stable than mine, which is nice. + + +**Know your worth and take risk** +Green card came through (did the paperwork ourselves to save $3k+ in lawyer’s fees) and I started job hunting. I was desperate to leave. I was shouted out, called names, lied to and promised a promotion that never came. I knew I was in the hottest job market in the country, one where big risk is rewarded and failure is accepted. I found a company that I really liked the look of. Product was good, financials were healthy and growth prospects were excellent. I found a contact who worked there and got her to refer me instead of me applying. Why? Interviews are an extended negotiation. Having a narrative that “they found you” gives you much more leverage than the other way around. Interviewed, they made me an offer as a level individual contributor with a 20%+ pay increase. I turned it down. What? Yup, I turned it down. When you are negotiating, it is important to know your worth. We had a NW of ~$140k at the time, so I knew I could quit my job and be unemployed if I had to so I took the gamble they’d offer me something better. Two months passed and they rang me back to say they had changed their organization structure around to create a management position for me and offered me the job, I took it. Total comp that year for me was $130k. + +Jumping ahead to now, I’ve been through two promotions and the company has done very, very well. Salary is $155k, the rest is bonus and equity. Still in manufacturing, compensation can be good in any industry. It’s just a question of *where (or how high)* you have to go in a company to find it. Average compensation sucks for most in manufacturing. + + +**TL;DR and general advice:** + +Everyone reading this has decent analytical and financial skills (thank you FIRE community). These are real skills, parlay them into your work. + +Learn to read a balance sheet and P&L account. Be mindful of who you work for by understanding their product, market and financials. It is much, much easier to progress in a growing company. + +Focus on value and impact. Don’t focus on the task you are doing. Seems simple, but it is amazing how many people do something because they’ve been told to do so without understanding what they are trying to achieve. Pursue further education to do so. + +Luck is important. The ability to recognize opportunity and take advantage of it is even more important. Or “creating” your own lucky situations. See above examples. + +Relocate if necessary. + +Make sure your spouse has shared values. Mine does and everything we do is a team effort! + +No barriers are insurmountable, it is just a question of it of what it takes to overcome it and if it’s worth it. If you think you can’t do something, you can’t. + +**Edit:** Some thoughts on skills and doing MSc's or Phd's. True value tends not to come from deep knowledge of one skill, but the intersection of several. It is much rarer and you can add much more value as a result. Rather than become an expert in something, I've gone around and picked up a few complementary things and built an extremely competitive skillset. + +**Edit:** Appreciate all the kind comments. I'm just a regular dude, I'm not anything special. I never, ever thought I'd break 100k in income. I use to despair at how unachieveable the salaries I'd see in this sub were. Regular people can chase FIRE and be successful. That's what this community is about. Anyone can do it! + + +https://www.theinformation.com/articles/sequoia-warns-founders-of-crucible-moment-advises-how-to-avoid-the-death-spiral + +Sequoia has put out some legendary decks/memos, like the Black Swan memo of 2020, but I still think it's worth examining their sentiment. If you can't track down their most recent deck or it's stuck behind a paywall, they raise the following: + +- This is a "Crucible Moment", adapt to the changing environment and invest equipped with information, don't regret investments + +- This will be a longer recovery. Can't say how long, but the tools to help a recovery have all been exhausted. + +- There is no cheap capital anymore. But smart companies will borrow or do equity raises even if on unfavorable terms to survive. + +- Related to the above, we don't have a liquidity crisis, but expect liquidity to be tight going forward. + +- Capital was free for a couple years. Now capital is expensive. We are only now seeing the impact of how the increasing cost of money impacts the real economy. + +- At a high level, the market isn't as challenged as it was in 2001 or 2008, but you need to look beyond the megacaps to get the full picture. + +- Growth at all costs is no longer being rewarded. The market is shifting to reward profitability. Investors are now focusing on near-term certainty. EV/revenue multiples and growth-adjusted multiples have all dropped dramatically. + +- The only way to stop inflation is to stop purchasing and shrink the economy. + +- They don't say it in so many words, but they expect smart companies to have layoffs to become "nimble". + +A/N: Sequoia is obviously more concerned with startups, but they are speaking to the broader market. But it matches the sentiment I am hearing in ventures - expect investment to cool significantly and valuations to plummet. Strategic investors with cash will likely ramp up M&A activity in the short term as they see opportunities to acquire or acqui-hire on the "cheap" compared to the last few years. +Hi Everyone, + +Continuing my post from the other day ([https://www.reddit.com/r/IndiaInvestments/comments/nc13oz/need\_help\_looking\_for\_monthly\_rolling\_returns\_of/](https://www.reddit.com/r/IndiaInvestments/comments/nc13oz/need_help_looking_for_monthly_rolling_returns_of/)). + +**Objective:** Find the appropriate asset allocation for long term investing + +**Approach:** + +1. For Modern Portfolio theory , used this method ([https://www.wealthfront.com/investing](https://www.wealthfront.com/investing)) +2. 10 Yr historical monthly rolling returns (2010-2019) of 'investable assets' - Large cap, Mid cap, Small cap, Gold, N100, GSec, Real Estate. Excluded Real Estate later as liquid, diversified investment method isn't available +3. Calculated covariance matrix, and used solver to optimize portfolios +4. Calculate the return of the suggested portfolio (Jan 2020 to Apr 2021) + +&#x200B; + +**Result:** + +|**Portfolio >>**|Max return|Mid|Low Risk| +|:-|:-|:-|:-| +|Risk factor|2.2|1.8|1.0| +|**Split:**|||| +|Gold|0%|10%|22%| +|Large Cap|30%|11%|14%| +|Mid Cap|35%|35%|5%| +|Small Cap|0%|0%|0%| +|Nasdaq 100|35%|35%|24%| +|G-Sec|0%|9%|35%| +|**Return (Jan'20 - Apr'21)**|46%|45%|30%| +||||| + +&#x200B; + +**Observations:** + +1. Gold is a winner! Wasn't expecting it be in the portfolio. But I guess, it's a good currency + inflation hedge +2. Midcap > Large cap. Went through the details and it seems midcap and nasdaq are inversely correlated. Hence, adding midcap lowers the risk + +**Notes:** + +1. Have accounted for expense ratios of ETFs/Index funds corresponding to each asset +2. Taxation wasn't considered +3. Max 35% allocation to a particular asset + +&#x200B; + +What do you guys feel? Think Mid works out well with a 80:10:10 split + +&#x200B; + +Warning: This is a theoretical exercise, and shared for discussion and getting feedback. This is not, and shouldn't be taken as investment advice +There are some companies today that, at a glance, might just seem too big to fail (say, google, microsoft, apple, amazon, alibaba, etc). + +This made me wonder, have there been examples in the past of similarly large companies that everyone/most assumed couldn't fail, but ended up crashing down and staying there? I'm not necessarily asking about companies that had comparable assets, but rather about companies that were similarly perceived by many as "too big to fail". +Apes hear me out! + +&#x200B; + +I know we had some good news with the NFT crypto thing "announced" so it kinda makes sense that the stock price is going up. + +&#x200B; + +But the timing is very suspicious to me. Why you ask? If at the annual meeting (9th June) it will be announced, that the official voting numbers are way beyond the actual amount of shares (I am pretty certain it will be, however not 100%, because I assume that there are a lot of lazy motherf\*\*\*\*\* out there who don´t vote...BUT I TRUST YOU GUYS, VOTE VOTE VOTE!!!!!!!) ....BUT IF THEY ARE, then these couple of days are their last fucking chance before the real shitshow aka MOASS begins. + +&#x200B; + +When Ryan Cohen himself will prove that SI is at >100, 200, 300, 420, 669, 42069%, then they are FUCKED! Literally everbody will know the squeeze is inevitable (not only us) and will want to jump on the train which will further inhance the squeeze. + +&#x200B; + +...SO THIS MIGHT BE THEIR LAST CHANCE, SO PLEASE BE CAREFUL THE NEXT FOLLOWING DAYS. + +&#x200B; + +Seriously, even if the price goes to like $1k the next week, this might be them, trying to give it a last shot of a big pump and then SHORT, SHORT, SHORT, NAKED SHORT, NAKED SHORT, MEDIA MANIPULATION, JIM CRAMER THINGS and whatever... Maybe, just maybe people will panick sell and think that this was the real squeeze and then it's over... + +&#x200B; + +...so say it with me + +&#x200B; + +I.....WILL......HODL!!!!!!!!! + +&#x200B; + +Spread the word, my retarded ape friends. +How is this even possible in 2019! Anyway, if you bank with them, make sure that your password complexity comes from length and have 2-factor authentication enabled. +In the spirit of the season (to those of you not celebrating Christmas— +Happy holidays to you as well!), I thought it might be fun to discuss ways in which you show or have received affection from your loved ones. + +Sentimental gifts, useful everyday items, experiences and trips— what stands out? +My shitty memes can wait. + +u/dlauer. Great work advocating for free and fair practices of the market. And to Stewbeef, who has always stood by and for the common man. + +Thank you both for your sacrifices in trying to preserve the ever compromised integrity of our freedoms. Your bravery has inspired me to take action beyond simple shitposts… + +I am ready. + +Ready to defend the freedoms of fair markets. +Ready to defend the freedoms of our children. +Ready to defend the freedoms of the common man. +Ready to defend the freedoms of my country. + +I’m officially drafting myself u/pizza-adventure for use on the frontline of this revolution. It’s time to lift the efforts of this community up, once more, and highlight the injustices that occur rabidly beneath our feet, on a regular basis. + +Any resources that would help get the right type of information where it needs to be would be of great help. Direction on the quality of the narrative that we’re trying to establish would be extremely helpful in kicking things off as well. + +This has to end and solidarity through action is where it begins. + +My inbox is open… + +SALUTE SOLDIERS 🚀 + +🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 +We have ties to cape cod and would love to raise our kid(s) there but I worry about the teenage years. My husband was raised there from 6-18 but the last 4 years were spent at boarding school. His parents were not very involved and had the foresight to know that uninvolved parents + seasonal town meant bad habits for teenagers. I was also raised in a seasonal town but not as dramatic as cape cod. + + +We are both retired and I just gave birth to our first child so we have some time to plan. + + +When doing research on cape cod, a lot of locals voice their concerns on things like seasonal unemployment, drug use, and housing issues. Unemployment and housing would never be an issue for us. Drug use seems to come from 1) people trying to cope with their difficult housing/employment situation and 2) the lack of amenities available during the off season + + +While I’m aware addiction doesn’t discriminate, do we lessen our risk by being 2 involved/financially sound parents? We will be able to provide our kids with any hobby/activity they want to do, cost or distance not relevant. There will always be at least one parent around to provide support. + + +So my question is for those who have retired to seasonal towns with children. Do you worry about the lack of amenities provided to your teens during the off season? Have you been able to avoid these tourist town blues with time and money on your side? + +Any other advice and insight you want to provide a couple of new parents looking to take this step? +Let’s address some of the misconceptions around the MBS. The money Medicare pays when a doctor bills for services rendered to you is YOUR rebate, not the doctor’s. + +What doctors have done over the years is either: claim the rebate amount directly with no out of pocket fee to you (bulk-billing), or bill you the full amount and have the rebate automatically reimbursed to your bank account, leaving you out of pocket for the gap. + +A lot of people seem to think that they’re entitled to free healthcare, but that isn’t the case. Bulk billing in General Practice was introduced by Geoffrey Edelsten in the 1980s, when he built clinics that were the precursor to the modern corporate practices we see today. + +In the old days, you used to receive your bill from the doctor and pay upfront. Then you would have to go to the Medicare office to claim your rebate. Doctors have taken on this burden of administration (by investing in accounting systems, receptionists, record keeping, etc), thereby relieving both you and Medicare of the time and inconvenience and cost involved in claiming a rebate. + +Sadly, bulk-billing is in its death-throes. It would be prudent for every Australian household to make a place in the budget for the cost of GP visits. The safety net we all had in the 80s and 90s is falling away. It would be wise to start paying attention to your health, as staying healthy over the years will save you a lot down the track. + +A lot of the item numbers in the MBS are designed to incentivise preventive healthcare. So when a doctor identifies that you have risk factors for chronic disease (such as increased blood pressure, elevated cholesterol, family history of disease) and books you in for a health assessment, that’s not ‘stacking’ to claim item numbers, that’s good prevention, because simple awareness and lifestyle modifications and a bit of monitoring carried out in your 40s can save you from landing in hospital in your 50s and 60s (thereby also saving the system tens, if not hundreds of thousands of dollars). That’s what a GP is SUPPOSED to do. + +Of course there are bad actors, rorters; people who are greedy and abuse this system. Nobody is denying this. But there is already a system in place to deal with this kind of behaviour. It is called the Professional Services Review, or PSR. They analyse billing data in great detail and harshly penalise healthcare practitioners (not just medical) who are found to have dodgy claiming activity. The thought of being hauled before the PSR makes any GP’s blood run cold. The PSR has extraordinary powers and can order doctors and other health professionals to pay back amounts in the hundreds of thousands, if not millions. They are, in effect, the ‘police’ of this system, just as any system with rules and laws needs to have its enforcers. The government created the system, and the government has created the body that polices it. GPs are already under a shit-ton of regulation and enforcement, with the PSR, AHPRA, the HCCC, and the risk of litigation hanging over their necks like a guillotine. + +So when you log into MyGOV and review all the item numbers that have been claimed on my behalf, instead of asking “is my doctor rorting the system,” you might also want to ask, “is my doctor getting most value for me out of what I am entitled?” + +If you have a chronic disease, have you had your health assessments; have you been offered referrals for subsidised visits to allied health services such as a dietitian, podiatrist, physiotherapist, occupational therapist etc under a GP Management Plan? + +If you are struggling with depression or anxiety or other mental health issues, have you been offered a Mental Health Care Plan, so you can access subsidised treatment with a psychologist? + +If you have risk factors for chronic disease, or a family history of chronic disease, have you had a comprehensive health assessment, to identify which risk factors can be modified and possibly prevent you from developing serious disease? + +If you have to take a lot of medications and are struggling with the complexity of it all, have you had a Home Medicines Review? + +If you have an elderly relative who is struggling with health issues or mobility, have they accessed their health assessment for people aged 75 years and older? + +People who are saying that Medicare is on its last legs; who are pointing the finger at rorters… they don’t seem to acknowledge the role of the PSR or the fact that good preventive care at the primary care level can save hospital budgets from blowing out. I see lots of criticism out there... but very few proposing actual solutions, especially for how to tackle the increasing health burden of our ageing population. + +Does anyone consider that perhaps the deterioration we see in the state of our hospitals is partly due to how hard it is to get into a GP these days? +It seems like every property is underquoted. Every weekend, properties sell for, and even have reserves, higher than the quoted price, which is illegal. It wastes buyers time thinking they have a chance and it also doesn’t benefit the seller either because the additional interest from people with lower budgets won’t result in a sales price higher than what the highest bidder was prepared to pay. The only party that benefits from underquoting and higher foot traffic is the agent themselves who gets to put more names and phone numbers into their databases. + +Consumer Affairs can only take action if you report it. If an agent is found to have underquoted they lose their commission and pay a fine of around $30k (consequences vary state). If we make it financially painful for agents to systemically underquote they will have to stop. Agents try to use excuses like saying they can’t predict what the market will do and that the reserve was only set on the day of auction. Don’t accept these excuses since it is literally their job to know the market. Either they are knowingly underquoting or they are that bad at “knowing the market” that they cannot do the one thing their job requires them to do. Whether they are dishonest or incompetent, they shouldn’t have a real estate license. The key is to get the agent on record breaking underquoting laws and then report them to the Consumer Affairs body with as much detailed information as possible to assist their prosecution. + +Here is a step-by-step list of what do to make it as painful as possible for an agent that tries to underquote: + +1) As soon as a property appears on the market that you want to buy and believe is underquoted, ask the agent if they think the quoted price is reasonable, ask what the reserve is and ask what price they think the property will sell for. Keep a written log of their answers and the date the conversation took place. Don’t be discouraged if they give vague non-answers, which is likely. Any detail you can glean will be useful. + +2) Ask for a copy of the contract so you can make an offer. Do this even when the property is going to auction. Making pre-auction offers is perfectly valid, and even necessary to combat underquoting. + +3) Make a written offer for 10% above the quoted price plus one dollar, or if they gave a range offer one dollar above the top of the range. Include in the written offer a message like “Per our conversation on 3rd April you believed the range of $1,500,000 to $1,650,000 was fair value. Attached is my offer of $1,6500,001, which being **above** the top end of the range I’m sure will be attractive. Please pass this written offer onto the vendor.” The key here is to force the agent to pass the offer to the vendor and then the vendor has to either accept it or reject it. They cannot just ignore it. + +4) If they have provided you a written contract then when making the offer in the previous step sign the contract and include a personal cheque with 10% deposit. Don't' use a bank cheque. Personal cheques are free and can be completed on the spot for the correct amount, whereas bank cheques involve a fee, require knowing in advance what the amount is and who the payee is. If they tell you that the contract isn’t available yet then make the offer anyway over email, saying “In the absence of a contract being available I would like to make a good faith written offer.” The agent cannot use the absence of a having received a blank contract from the vendor as an excuse to not accept a good faith buyer's offer for consideration. + +5) If the vendor accepts the offer then congratulations, you just picked up a property for only 10% above the quoted price, which is virtually impossible in a market where agents are systemically underquoting. + +6) If the vendor rejects the offer ask them what price it will take to get the offer over the line, but expect the agent to give a vague non-answer. Ask the vendor to increase the quoted price or range to reflect the rejected offer. Make it clear that the increased advertised prices needs to be **above** the “plus one dollar” in the offer. This puts the agent in an awkward position of having to increase the range to a round number above the “plus one dollar”. In the example above they couldn’t simply increase the bottom of the range to $1,650,000 since that would still be below the rejected offer so they would probably then increase the range to “$1,660,000”. + +7) If the agent hasn’t increased the advertised price or range within three business days, follow them up asking why they are still advertising a price below a rejected offer, which is in violation of underquoting laws. Do not let the agent drag their feet on updating the range, which they love to do. + +8) When the agent does increase the range, follow steps 3 to 7 again, forcing them to again reject an offer one dollar above the quoted range. If they had just given a realistic range to begin with they wouldn’t have to waste everyone’s time playing these games. Keep doing this right up until auction day. + +9) Save a copy of the advertised price from online before the auction commences since once its sold that information will be removed from online. + +10) When auction day rolls around ask the agent what the reserve is. They might not tell you directly but if during the bidding process the auctioneer says something like “the property is now on the market” it means the reserve has finally been met so take note of that value. + +11) Lodge a complaint with your state’s Consumer Affairs department. The key pieces of information are the advertised value or lower end of the quoted range when the property was first listed, what this advertised value increased to by the day of auction, what it’s reserve was on auction day and what it ultimately sold for. In the complaint you want to demonstrate that the advertised range was always unrealistically low since it was below reserve and below the final sale price. Make note in the complaint about any deliberate attempts by the agent to ignore your offer, to drag their feet updating the range or anything else they did to deliberately underquote. Include in the complaint a timeline of what the agent did and what conversations took place, that support the fact that they were under quoting the whole time. + +Here is where you can report underquoting: + +VIC: [https://www.consumer.vic.gov.au/](https://www.consumer.vic.gov.au/) + +NSW: [ https://www.fairtrading.nsw.gov.au](http://www.fairtrading.nsw.gov.au/) + +WA: https://www.commerce.wa.gov.au/consumer-protection + +QLD: [https://www.fairtrading.qld.gov.au/](https://www.fairtrading.qld.gov.au/) + +SA: [https://www.cbs.sa.gov.au/](https://www.cbs.sa.gov.au/) + +TAS: [https://www.cbos.tas.gov.au](https://www.cbos.tas.gov.au/) + +NT: http://www.consumeraffairs.nt.gov.au/ + +ACT: https://www.accesscanberra.act.gov.au/app/answers/detail/a\_id/2270/\~/fair-trading-for-consumers + +[ ](https://www.fairtrading.nsw.gov.au/__data/assets/pdf_file/0004/367969/Protect_yourself_from_underquoting.pdf) +&#x200B; + +https://preview.redd.it/gxe6zwtsi0e91.jpg?width=2635&format=pjpg&auto=webp&s=1147528560be55fc4701932432c33fd9ee406783 + +[Exhibit A](https://preview.redd.it/iiozao7bfzd91.jpg?width=1035&format=pjpg&auto=webp&s=fe4e93d080bfdb394f94ebd858ebd279c1e5ae8f) + +At 9:32 AM, directly after the open, two large sell blocks ($6M / 185k shares) ***from*** a Dark Pool executed ***on*** the public exchange ***Below-the-Bid*** causing a **-1.75%** drop to $32.20 in less than 2 minutes. + +&#x200B; + +[Various sold puts](https://preview.redd.it/ustor9ccj0e91.jpg?width=895&format=pjpg&auto=webp&s=2e97132f04ed4e9a115f7c81a9912ddac1c95945) + +Over the next 20 minutes, $391k worth of Puts were Sold-to-Open (Long Position) in a *Below-the-Bid Sweep Order* timed at almost the exact bottom of the drop caused by the sell blocks\*.\* Sweeps are aggressive large limit orders split up and sent to multiple exchanges. These order types sacrifice getting a good price so that they can be filled as fast as possible. + +&#x200B; + +&#x200B; + +[7\/29 30 Put \(In my local timezone on accident, this is 9:33 EST\)](https://preview.redd.it/35z37ei3xzd91.jpg?width=1557&format=pjpg&auto=webp&s=8baec7e5d1e91b3e88ac0ff95878c0f945cadd0a) + +Coincidentally the moment they wrote the contracts happened to be the **high of the day for these Put options (RIP Bagholding Retail GME Bears).** *\*the Put chart is in my local time so add 3 hours for EST = 9:33 AM* + +&#x200B; + +At 11:10 a **$1.53M Buy Order** (46.43k Shares) printed **on exchange from a Dark Pool** driving the price up to its high of the day at 11:19. \[At 11:21 \~450 volume occurs on the 30P (you can see the big orange volume candle just after 11 on the chart above\] + +&#x200B; + +The 4th and final Dark Pool order of the day was a **$4.82M Buy Order** (150k Shares) right before close at 3:44 PM. This ***entire order*** **was routed off exchange** **to the dark pool in order to prevent the upward price movement it would have caused.** + +Price did slightly rise for a few minutes after this block printed, but if you compare the candle volume to the block volume this was ***factually*** not due to the block itself and most likely (in my opinion) just an indirect effect of traders and algos trying to follow the mammoth dark pool print. Directly prior to this, another unusual burst of 300 volume had occurred on the Put between 12:15 - 12:20 (3:15 - 3:20 EST). + +&#x200B; + +**TL;DR-** + +**So putting it all together (follow along with the 1st chart in the post) -** + +**To help visualize, think of this Dark Pool participant not as an internalizing market** **~~manipulator~~** **maker with a god complex, but as a singular trader named Jim Cramer whose account balance goes up and down like everyone else. The only difference is, Jim uses a special brokerage owned by his father Ken.** + +**Starting balance: 185,460 Shares of GME and $0 Cash** + +**Jim sells 185.46K SHARES @ $32.50 = +$6.02M Cash** + +**Weirdly, the price dropped a lot when he sold the shares (he luckily somehow always manages to sell the top 🤷‍♂️) so now would be a great time to sell some Puts since they just went up a lot when the price dropped!** + +**Jim sells various Puts = +$391k -----> Cash Balance: $6.41M** + +**As price drifts, higher Jim's sold puts are up a ton and he decides he wants to use his cash plus the premium from the Puts to buy his favorite stock back at a great discount!** + +**Jim places two buys through his dads brokerage for 196k shares(10k more than he had in the first place) costing him $6.35M.** + +**Balance:** + +**196k GME (+10k)** + +**Leftover Cash: $xxxK to buy back (lol!) his short Puts tomorrow** + +&#x200B; + +TL;DR for TL;DR + +$6M Sell was routed to lit exchange to push price down at open at which point Puts were sold to retail bagholders, afterward a $1.5M Buy order from a Dark Pool was routed to lit exchange to get said retail bagholders to tap out, then a $4.5M Dark Pool Buy Order was kept off exchange to not allow price to run up while buying back the shares they sold to drop it at open. +So lately the market has been going down and people might have gotten some bloody days in their portfolios. The correction has affected tech the most as the Nasdaq is about 8% from its all time highs. + +The correction has happened because of number one: Rising treasury yields and number two: Sector rotation. Reopening plays are currently the trend that big money likes and money has gone there recently. + +This doesn’t mean that tech is bad in the long term. Stocks go down sometimes and this is the moment that it’s happening. But there is a silver lining to this story... + +This gives us a good opportunity get your favourite stocks at a cheaper price. Averaging down is a very delightful thing to do and this is a perfect opportunity. And even if we continue to go down, it’s ok, since you can average down even more. + +Another thing that I want to say is that you shouldn’t listen to the media too much. It’s their job to create havoc and drama in the stock market. Their opinions change every week almost, and it’s kinda funny sometimes. One week they say that you shouldn’t sell and another day CNBC reporters tell us how big tech is in a bad place and you should move to industrials, travel, etc. + +You have YOUR own plan. Do your plan and don’t listen to those whose job is to dramatize things. The stock market needs patience. Investing is for the long run. + +Don’t look at the 1 day chart all the time. It can be very toxic for yourself, especially during a red day. So just chill and remember that your time horizon is in 10 years, not tomorrow. + +That’s my 2 cents, have good one everyone! +Sup apes. I haven’t done any DD since I wrote T+69 and I have noticed that, although a ton of apes are bullish AF, there’s some uncertainty brewing right now surrounding the current dip. I have found that the best way to overcome your fear of something is to understand it, so I thought I would give a short synopsis of why we are dropping and what it could mean for the near future. + +tl;dr: hedgies are slamming us with shorts and in the money puts. Apes aren’t selling! Hedgie fuk soon. + +First, I need to introduce some concepts that may be foreign to many apes, so let’s start with some definitions. + +# Dark Pool Index (DIX) + +Source: [https://squeezemetrics.com/monitor/download/pdf/short\_is\_long.pdf](https://squeezemetrics.com/monitor/download/pdf/short_is_long.pdf) + +Squeeze Metrics created this indicator, and it basically is the ratio of short sales on dark pools divided by all sales on dark pools. Typically it is used to try and determine when big money is silently moving into a long position. However, with GME, since liquidity is essentially non-existent, I view it as a measure of how much short pressure the hedgies are applying to the stock. Looking in the figure below, the DIX for GME always dips when we either go up or go down, indicating the short ability of the market maker short GME has shifted from the dark pool (where it prevents price movement) to the lit exchange (where it battles price movement). + +&#x200B; + +https://preview.redd.it/pcaq7cuwfza81.png?width=936&format=png&auto=webp&s=5eec7f246296d6a5a9bcf85f35d44a128fc64c44 + +Interestingly, there are two anomalies on this chart. The first is the rise in DIX for GME during the nov/dec drop, followed by the drop in DIX during late December, and subsequent increase in DIX occurring now. Historically it’s the other way around, more or less. So what gives? More on this later. + +# Put to Call Ratio + +Source: [https://zigz.io/instruments/GME/skew](https://zigz.io/instruments/GME/skew) + +This one is pretty self-explanatory. It is a measure of the number of puts divided by the number of calls currently open on the market. High values mean lots of puts, low values mean lots of calls. Since march/April 2021, this ratio has more or less just given a noisy signal, bouncing around 0.7 or so. There is a slight noticeable decrease in this value between the august and November timeframe when our price was significantly elevated. As can be seen, the number of puts relative to calls increased substantially during the initial drop in Nov/dec, leveled off quickly in mid/late December, and has started to rise again now during our next push downward. + +What relationship do options have to the underlying? In a word, delta. Options market makers will sell naked options in the same way that stock market makers sell naked stocks, to create liquidity in the market and reduce volatility. To hedge a naked sold call, you buy some of the underlying stock. To hedge a naked sold put, you sell some of the underlying. Since they are a market maker they can sell the stock naked. And voila, someone can short the stock by buying puts and getting the options market maker to hedge by selling synthetic shorts. + +&#x200B; + +https://preview.redd.it/qwpvuo2yfza81.png?width=936&format=png&auto=webp&s=44650a9385951b7bf0ba3ec39ff1d876de2bc511 + +# The Story In the Data + +I think the general timeline of events is as follows: + +August – November: We enjoyed favorable price action because lit exchange shorting and put pressure were both low. I believe they were intentionally withholding their short pressure so they could deploy it here. + +November – Early December: The hedgies drop an ass load of in the money puts on us, driving the price lower. The uncharacteristic rise in DIX may be associated with higher than normal internalization in the dark pool to prevent retail share purchases from applying pressure to their puts and risking their profitability. So here short hedgies are applying the wombo combo to retail: short retail long purchases and short the market through puts. + +Rest of December: Puts drop off to normal levels. DIX also falls off. Here I believe the hedgies are settling their last put attack, while shorting the options market maker’s attempt to de-hedge, where they go and buy back the synthetic shares they created. Put/call ratio is restored, meaning they killed some of the options momentum brewing at the end of Nov during the run. + +January 2022: Puts once again start ramping up, while DIX returns to typical levels. What follows is my best guess as to their strategy. At this point, between the large put position and the lit exchange shorting, I believe that the SHF are more levered than they have been since March 2021. This was evidenced by the price action today. At open, they shorted the stock essentially as much as they could (0 borrowable shares on fidelity and 10k shares on IBKR). They then used in the money puts to continue to short the stock down to 120, I presume looking for any stop losses they could find. Finding, none, they buy more puts to try and contain the rebound. Then over the rest of the day, having no more ammo to expend, they must slowly start selling the puts they just purchased for a noticeable loss (the bid ask on the puts were quite wide). At the end of the day, someone bought a ton of calls to push us over $130. + +https://preview.redd.it/57pnig0zfza81.png?width=936&format=png&auto=webp&s=aa153827ac6f22c273c421ad94288dcb0ff47e65 + +So to recap: 1) kill call momentum in nov run with puts, 2) transfer put pressure to short pressure, 3) add additional short pressure with even more puts, with evidence that they are finally getting tapped out. + +So why are they doing it this way? + +The same market mechanics that caused the massive price increase in January 2021 is playing out again here, with etf options expirations approaching, among other things. Many others have written extensively about cycle theory, and I recommend u/gherkinit write-ups on the topic. But there’s one other thing that is new this time around: variance swaps. Remember the millions of worthless puts opened during the January sneeze? Well there has been some great DD about how those are most likely used to create a variance swap from u/zinko83 and others. Those puts expire in a few weeks, meaning that’s likely the date many of those swaps expire. This will leave their short position exposed, unhedged, risking a margin call and game over. + +The crazy thing? A basic tenant of variance trading is that variance trends to the mean. So high variance tends to trend down and low variance tends to trend up. So given the unprecedented increase in variance in January 2021, would you go short variance or long? You would go short. Now go look at IV on the options chain. All of this activity that they are engaging in has driven IV up! If I was short variance, and that variance was hedging a massive short position, why would I be driving IV up near the expiration? Because if I can’t get these pesky apes to sell their shares before this swap expires, I’m fucked. People on this sub love to joke about the VW dip before the rip every time we dip, but this dip really feels different. It feels desperate. And the most likely explanation I have come up with is because if they can’t get us to paper hand now, they are fucked in a few weeks when their variance swaps expire. + +Anyway, I know that this has been pretty rambling, but I wanted to get this out there for everyone quickly so that they could potentially understand why we are going down if no one is selling, and how exposed the short hedge funds likely are. I support both buying and hodling, as well as buying near the money, far dated call options as a strategy to apply pressure to them, but I am not going to try and use this post to advocate a particular strategy for anyone. I leave it to each individual investor to make their own financial decisions. I am not a financial advisor and this is not financial advice. + +Buy, hodl, DRS, call options, exercise, hedgies R Fuk. +Good Morning Apes! + +So we've got some big things going on right now I + +I'll try to present some working theories as to what I think is going on right now. + +1. Deferred Settlement: + +As stated in yesterday's daily we are still unsure if a deferral on the 19th that changes the Reg T date to the 23rd is then deferred again, because the 23rd is also a deferral date? I've looked through a bunch of FINRA paperwork and can't seem to find any solid answer. I can try to call the DTC settlement line after the stream. + +2) Reported SI%: + +Yesterday we saw reported SI% pop up from two different data sources in excess of the float Thomson/Refinitiv at 113.61% and Finviz at 113.48%. The fact that these two data points are different might indicate that they are pulling the data from different sources. While it would be nice to have a few more points of confirmation these appear to be the only two for now. + +So why now? + +Last week we speculated on stream that internalizing the expected gamma exposure, either intentionally to move the dates around or due to settlement deferral, could put strain on their margin and start slowly leaking out their short position. + +The other factor we are considering is that being so close to the Futures roll date they have run into a situation were there is no liquidity in the spot market or there is no counterparty willing to assume the risk of their forward contracts and thus the original short position is getting exposed (the one from 2014-2021). We had often considered that the original short position was being packed away in derivatives and this is how the reporting requirements were dodged. With nowhere to move their futures and no volume to make use of CNS through the NSCC the short position may be spilling out from these contracts onto the market. + +3) Possible Share Recall: + +Fidelity this morning is reporting 13,767,545 shares available to borrow this morning + +[Yup only 12.1 million more than yesterday...](https://preview.redd.it/yssliah4qq281.png?width=634&format=png&auto=webp&s=9cae898f20e236c10a29cd033c2155f704518567) + +This could be a share recall if the entities short GME have been margin called, or there were issues with a locate due to the float getting locked up through DRS and the large number of options purchased last week, these things could trigger a lender recall as shares failed to be located. Fidelity may be the only one we have information on but this sure as shit looks like a recall. + +If it is a margin call, well yup that's deferred as well... + +https://preview.redd.it/pfr8mo0vqq281.png?width=820&format=png&auto=webp&s=cee95787ebbcc8c01b535dc5103c05fbc61371f4 + +[https:\/\/www.finra.org\/rules-guidance\/notices\/information-notice-120120](https://preview.redd.it/4v9rbd41rq281.png?width=873&format=png&auto=webp&s=c122d6765d07e14715f1e523503eb3dc7b14d773) + +[Check yesterday's DD for more information on this](https://www.reddit.com/r/Superstonk/comments/r4wntk/jerkin_it_with_gherkinit_s12e7_deferred/) + +I am still digging into a lot of this but I wanted to let people know what's on my radar and the what my current thoughts on this are. + +&#x200B; + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Hours + +Well I tried to call the DTC settlement line on the stream and was rebuffed because I am not a registered broker dealer. I will try to call FINRA tonight and get an answer but either way tomorrow is the **absolute last possible day** for a deferment anyway. GME moved against the market there for a little bit towards close and definitely didn't suffer losses to the same extent as the other Retail ETF stocks did today. Fidelity's claim about the "glitch" happening right after SI reported at 113% is pretty suspicious but at least they reported it... Thank you all for tuning in I'll see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/ea4wzq5jss281.png?width=693&format=png&auto=webp&s=cea51e292e1626a0729345824d4d214e529454c4 + +Edit 3:35 + +Sure cause why not... + +https://preview.redd.it/gm83vr22ns281.png?width=1613&format=png&auto=webp&s=4f0303dc96cc186d8d285c3b0ae05562a8363b8e + +Edit 1:33 + +IBKR back to 350k shares GME still pretty stagnant and still tracking the overall market volume at 1.21m + +https://preview.redd.it/otl8x0bb1s281.png?width=1624&format=png&auto=webp&s=33ced283e1f2f61a2dfeca1e6970445023c92765 + +Edit 1:02 + +350,00k shares no gone from IBKR ... + +https://preview.redd.it/30oe510svr281.png?width=1619&format=png&auto=webp&s=b18c63a7b55c8d1b3b528fc64632918b649ad476 + +Edit 4 12:42 + +GME seems to have found a bottom along with the market coming back up a little. Fidelity apparently saying the 11million shares was an error from a lending counterparty. + +https://preview.redd.it/4zoumfobsr281.png?width=1621&format=png&auto=webp&s=73461b7862cd50e8ec82711d64fa815197cb4233 + +Edit 3 + +GME still falling with the market when and if the SPY finds support we should too also this. 11m shares poof! + +https://preview.redd.it/id9ya319jr281.png?width=311&format=png&auto=webp&s=4a2eaea1feacf66a5f0bb943505ccd05ca9ebd46 + +Edit 2 10:54 + +GME falling with the overall market right now + +https://preview.redd.it/lsbieldx8r281.png?width=1620&format=png&auto=webp&s=391863e8cf33594560f11a1b9dd652a5ee959e95 + +Edit 1 10:23 + +Slight push down at market open GME's daily volume only at 273k shares traded so far the 50k shares borrowed before market open look to have been used. We have resistance at the EMA 60 @ 197.77 + +https://preview.redd.it/5oz94jan3r281.png?width=1621&format=png&auto=webp&s=1172937bb7dc94abd4e2c10e2be00aa84d0a110a + +# Pre-Market Analysis + +Definitely not 13m volume...Pretty flat with volume traded around 13k + +Shares to Borrow: + +IBKR - 450,000 @ 0.6% (50k borrowed this morning) + +Fidelity - 13, 767,545 @ 0.75% + +[GME pre-market on the 1m ](https://preview.redd.it/ninrnlrorq281.png?width=1619&format=png&auto=webp&s=752c98dba3da4149514313a9a1e76ee4cf1fc0aa) + +Arbitrage is picking up again this morning + +[CV\_VWAP](https://preview.redd.it/o8ux4lnyrq281.png?width=2447&format=png&auto=webp&s=a71c41a0e07d36f0b7712cec685e93f70b987617) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +**Update: The new members-only flair is now live. As a reminder, this is being done on a trial basis, and mods may take measures to limit the number of "Verified Members Only" posts. Please contact us via modmail if you wish to verify. Thresholds for US residents are $150K / year income or $1M in assets. We are also considering ways to verify based on formal and informal expertise. Thank you.** + +Based on feedback from several of our members, the mods are looking to trial out an optional 'Verified Members Only' post flair. When this flair is used, all comments posted by non-verified members would be removed by the auto-moderator. + +This approach is used by several other subreddits for a range of reasons, but generally it reduces the total number of comments while (hopefully) amplifying more relevant comments. This can be particularly valuable when discussing a sensitive topic which might otherwise draw judgment or harassment. Given the usual civil discourse in this sub and the value our members get from a wide range of opinions, we would hope for this flair to be used sparingly. + +We do expect that this may lead to a surge in interest in verification, and we will work through those requests as received. Most members opt to send in account screenshots - with names, account numbers and any other identifying information removed - via a private imgur link. However, we are willing to discuss other options as requested. + +This trial is tentatively scheduled to start on Monday, November 9th, and may ended or paused as needed. In the mean time, I would encourage our members to submit questions and feedback, either for or against this concept. You can do so by leaving comments on this post or via modmail. + +Thank you. + +**EDIT: For those inquiring, member flair for those on the path to FatFIRE starts at $150K in income or $1M in assets. That is not meant to define a threshold for FatFIRE itself - we do not have a set limit - however, these are the minimums needed to have your account verified at present. As mentioned, we are also open to discussing alternative proof on a case-by-case basis.** + +**EDIT 2: We are also looking for options on how to create a path to verification for those who have relevant expertise (formal or informal) but not necessarily a high level of wealth or income, and for those who do not want to share their financial details. We will be discussing this idea among the mods (and potentially among the already-verified users) but please let us know if you have suggestions.** + +**EDIT 3: For non-US members we will scale the income / assets by comparing median income from your country to the US. So if your country's median income is 75% of the US then you only need 75% of the income / assets. There will be an undisclosed minimum for international verifications, though again you can talk to us to discuss your own specific situation.** + +**Also, the intention is for 'Verified Members Only' threads to make up perhaps 5 - 10% of total posts, and we will look at methods to enforce this if necessary. This should be the exception, not the rule.** + +**Bottom line - I know some of you have serious concerns about this approach, and there is a reason why we are doing this as a trial before we fully commit.** +(CNBC) Amazon reported better-than-expected third-quarter results after the bell on Thursday, including soaring profits and 37% revenue growth. + +The stock bounced around in extended trading after Amazon provided a wide guidance range for the fourth quarter. + +* **Earnings:** $12.37 vs $7.41 per share expected, according to analysts surveyed by Refinitiv +* **Revenue:** $96.15 billion vs $92.7 billion expected, according to analysts surveyed by Refinitiv + +Amazon said sales in the fourth quarter will be between $112 billion and $121 billion, which comes out to growth of 28% to 38% from a year earlier. Analysts were expecting revenue of $112.3 billion. + +The company forecast operating income of $1 billion to $4.5 billion, assuming about $4.0 billion of costs tied to COVID-19. That's a step up from the second quarter, when Amazon said it would spend more than $2 billion on coronavirus-related measures, including procuring personal protective equipment, enhanced cleaning of its facilities and wage increases. + +Amazon continues to be one of the biggest beneficiaries of the pandemic, as consumers flocked to the site for essential goods, groceries and household items. Amazon is expected to face even greater demand heading into the holiday season, with shoppers likely to do the bulk of their gift buying online instead of making trips to the store. + +"We're seeing more customers than ever shopping early for their holiday gifts, which is just one of the signs that this is going to be an unprecedented holiday season," Amazon CEO Jeff Bezos said in a statement. + +Bezos also touted Amazon's recent job creation and treatment of warehouse workers, which has been a subject of scrutiny in recent months. The Amazon CEO pointed to Amazon's $15 minimum wage and challenged other large employers to "make the jump to $15." + +Amazon is one of few companies that has continued to grow its headcount amid a broader economic downturn due to the coronavirus crisis. The company now counts more than 1.12 million full-time employees across the globe, an increase of 50% year over year. That figure doesn't include Amazon's network of contractors and temporary workers. + +Amazon's cloud-computing unit, Amazon Web Services, generated sales of $11.6 billion for the quarter, up 29% year over year and in line with analysts' estimates, according to FactSet. Operating income in the segment of $3.54 billion topped estimates of $3.45 billion. The segment was helped by millions of people working from home.   + +The company's "other" category, which is primarily comprised of its advertising business, saw revenue of $5.4 billion, up 51% year over year. Subscription services, which includes revenue from Prime memberships, climbed 33% year over year to $6.58 billion. + +Once again, third-party sales grew more than Amazon's first-party business. Third-party sales increased 55% year-over-year, while first-party sales grew 38% year-over-year. Sales fell 10% in Amazon's physical store unit, which includes Whole Foods Market. + +Amazon shares are up 74% this year, the best performance among the five most valuable U.S. tech companies. + +Three of those companies — Apple, Alphabet and Facebook — also reported quarterly results after the bell on Thursday and all exceeded analysts' estimates. + +Amazon will hold a call with investors to discuss its third-quarter results starting at 5:30 p.m. ET. + +[https://www.cnbc.com/2020/10/29/amazon-amzn-earnings-q3-2020.html](https://www.cnbc.com/2020/10/29/amazon-amzn-earnings-q3-2020.html) + +&#x200B; +Here's my situation: I'm a 27-year-old woman currently living back home with my parents and saving for a down payment on a house. I work full-time and earn $2,080 per month after taxes, health insurance, etc. because they take it all out of my check before I get it. In my area, any small, decent house (I'm actually primarily looking at townhomes) is pretty much going to be in the $190-220k range. That translates to about $1000-1,1000 per month total for housing cost, including the mortgage payment, home insurance, housing association fee, and taxes. + +To give some more info: I have good credit, no debt, no car payment (I own my car in full), no kids, and generally very low expenses. I just have to cover the usual basics: car insurance + gas, groceries, utilities, etc. + +So, essentially: is home ownership feasible for me? Is paying half of your after-tax income for a home too much? Or is it doable if you don't have other debts? + +&#x200B; + +\*\*EDIT: Thank you, everyone, for your help & input. I will definitely take to heart 2 fundamental bits of advice: 1) to not rush and continue saving for as long as possible, and 2) to lower my budget/expectations. After a lot of digging I think I could find some options in the 130-150 range, which broken down monthly IS within 1/3 of my gross (not take home) pay. This is of course with a full down payment, which I will have if/when I buy. I also am willing to look into having renters, which for me was always part of the attraction of home buying vs. renting (other than just eventually having some place to live that's paid off). For those who raised concerns about my job security, retirement, career outlook/raises, etc. I'm about as secure as anyone can be - I'm a state employee & union member and I do have raises on the horizon (plus good benefits, including retirement, disability insurance, etc.). I also recognize all the repairs & unexpected costs home ownership can throw at you and while that will always be scary, I also have a little help on that front as my dad has some professional background and expertise on all things reno (as do others in my family). Again, thank you. There are a lot of comments and a lot to consider. I will keep saving and researching. +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). 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. + +&#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). +Just checked the markets for the first time in a few weeks and saw cardano is at $0.37. I believe this is a steal in the long run. It may go lower but DCA is always an option +I had a longterm girlfriend who I broke up with just over a year ago. We rented the same place for five years. She was always terrible with money while I slowly saved a small pot of £9k that I always wanted to use towards a house. For a variety of reasons we split up, one of them was that one day I found out she was in debt for around £6k and had kept this from me. This was mostly made up of payday loans. I was hurt and furious. + +When we split up I stayed alone in the flat until the contract was up and then temporarily moved in with my parents while I enjoyed some home comforts and looked towards getting my own place. + +I had intended on staying only a few months but I quickly realised I had underestimated the amount of money I'd needed to move out. This was in June last year so almost exactly a year ago. My parents charge me £120 a month which is meagre and very kind of them. + +I work for the NHS in an Emergency Department. My salary was approx £17.6k this time last year but I worked hard and impressed enough to get a new, higher role which I started in January and as of April pays £19.7k (band 2 to a band 3). Still not great by any stretch but better than it was. The job is also very secure which I have come to appreciate over the last few months. + +I have worked extremely hard and saved money aggressively. I've sold boxes and boxes of my old stuff and raised about £2k on eBay. I've utilised a LISA across the last two tax years and received £2k in government bonuses, and picked up overtime at work wherever I could. In twelve months my savings have gone from £9k to £22.5k so I am in a much better position now than last year. + +And yet it still feels like I am a million miles away. I could probably afford to buy a £120k property at a push - certainly no more - and the propertes in my price range aren't great. I live in Leeds so property prices are quite high for the North. Honestly I didn't think I was going to get a palace or anything but what worries me is the type of area I can afford. I don't want to buy a house in a rough area. + +I honestly can't see me having enough for another few years, and after such a huge effort to get this far that is incredibly soul destroying. I'm 28, don't have a good salary, don't have a partner, don't have my own place and can't drive (I was taking lessons, finding it very stressful and difficult, but Covid has put them on hold for now anyway). I know I need a huge deposit in order to secure a better deal on interest and capital loaned. Mortgages still confuse the hell out of me. My current goal was to save £25k for the deposit and legal fees, then save a £3k emergency fund and £2k for some basic furniture and redecorating upon moving in, but honestly now I think I'll need a whole lot more. + +Honestly I am just feeling so down right now. I had no idea how hard this was going to be and it's all just taking its toll. I'm sorry to unload a bit but I just wanted to get it off my chest. + +A big thank you for this subreddit - I check it every day on the bus to work and it is undoubtedly my favourite sub with a great and helpful community. + + +***Edit:*** I am moved by the responses this post has received. I've literally been moved to tears reading some of the replies. Thank you everybody who has taken the time to reply and I can't tell you how much I appreciate your support. After such a tough year it feels unbelievably comforting to receive some virtual high-fives and pats-on-the-back. +This post is for all the people who invest in Vanguard or Barefoot investor like strategies. + +I am no fan of index funds or set and forget investing, in fact I trade Options full time, but I do recommend Vanguard to lots of my friends and I understand the benefits of this style of investing. + +With all that being said, if this is your strategy to investing you need to stick with it now! You shouldn’t be debating if to sell all your holdings or not to contribute this month. You need to continue with your contributions. Cost basis investing only works if your consistently making routine contributions. Even increasing your contributions is a better idea then selling. If your thesis is “time in the market not timing the market” then who are you to all of a sudden have a crystal ball. This is in fact the best time to be buying to decrease your base entry price, that’s not to say next week or next month the market won't be lower. You will experience more pain before this market recovers, but you shouldn’t be worrying about that now, you should be viewing it as a better price for entry. All the profit that lets you out preform the market comes form times like now! + +I understand that some people already view it this way so just take it as friendly advice or disregard this. I wrote this hopefully to help some others that might off forgotten the point in this investment strategy or are feeling lost right now. + +For the sake of transparency, I'm going to tell you some of the positions I have on, not that anyone cares. Short the travel industry, short Airlines and Some major banks. Long Some Major Tech companies I.e NFLX and AMZN. Short bonds like TLT and Short VIX. + +TLDR: Keep making regular contributions in Shares and let others try and predict the market, it takes to much stress anyway. + +Edit: Thank you for the Gold that was very kind of you +Coffee is one of the, if not the, most popular beverage in the world with estimates suggesting more than 2bn cup of coffee are consumed per day. + +As developing nations continue to grow, I can only imagine that coffee chains and shops will proliferate even further, and in the west, popularity of buying your own beans from roasters is growing as more and more people move away from instant coffee. + +On the supply side, studies such as this one suggest that the future global supply of coffee is under threat due to climate change, likely leading to sustained and significant price increases for the commodity. [https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0261976](https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0261976) + +However, looking at the price of coffee over last 24 years, it seems to be quite cyclical [https://tradingeconomics.com/commodity/coffee](https://tradingeconomics.com/commodity/coffee) + +And the only proper coffee ETF I am aware of has only started performing well last couple of years, and has gained approx 30% in last 5 years [https://uk.finance.yahoo.com/quote/JO?p=JO&.tsrc=fin-srch](https://uk.finance.yahoo.com/quote/JO?p=JO&.tsrc=fin-srch) + +Anyone have any insight on this topic? +Currently holding 65% XGRO 20%TEC (like the higher exposure to technology) and 15% ZEB for Canadian banks (mer of .25 and pays monthly) does this seem like a fairly good mix for someone who has about 10 more years to go to work? +Thanks in advance +I plan to buy a Duplex next year and renting out the other side. I keep hearing that house hacking is a great way to start real estate investing and once I satisfy the one year requirement I should be able to move out and rent that side as well then rinse and repeat. + +Right now I'm just learning more about how to analyze properties to make sure that it cash flows and I'm saving up right now. Do I have the right mindset or are there any key things I'm missing? Like, maybe I'm not considering the major hurdles I can go through? +Yes, you can make your account a cash account, but that just shifts issues to other issues. + +Can I create accounts with other brokers and multiple accounts to avoid PDT? + +I'm not an investor . I just want supplemental income from trading stocks. + +I'm trying my best to bypass PDT by buying right before market close, and selling the next day. But sometimes I'll buy, it'll shoot up 15%, I can't sell because I'm 1 day trade away from being penalized, wait over night, and before premarket it's now -%10 + +It makes me so upset. I'm doing all the leg work to be successful, and it's working, but the SEC regulation is just fucking me up. I'm to the point where I'm thinking about selling my Jeep/toys to have the 25k + +PDT regulation is bullshit. +Hi, I'm about to join you as I finalize the sale of my business. + +I'm really interested in living forever. I know that's not possible (yet) but I'm living as healthily as I can by consuming good food and exercising + avoiding alcohol and cigarettes to extend my life. + +I am considering setting up a fund to have my body frozen in 50ish years. Is anyone else interested in this? I'd pay a lot of money to come back after I die. + RakuCoin $RAKUC is a Coin developed for a purpose. + +Developers hold no team allocation tokens and we need to buy for ourselves from the open market + +Developers are currently full time focusing on this token Projects. + +This a long term project that is focusing on major developments of NFTs/Decentralized exchange/mobile apps/games/Technology etc.... + +Holders here earn 2%(excluding Burn Pool) per transaction while holding on to the tokens in their wallet + +Upcoming Youtube Influencers, News Publications and Twitter Influencers have been paid for advertising to help Moon this Token + +&#x200B; + +Low Market Cap of $1mil + +&#x200B; + +👉Liquidity is locked in uniswap (Unruggable) + +👉White Paper Done with achievable goals + +👉Contract Audited + +👉Coin Gecko and CMC Submitted + +👉On going marketing to bring daily members and awareness + +👉Influencers contacted and paid (currently in progress) + +👉Exchange lister are contacted and we are in progress of negotiation(waiting for more holders) + +👉 Online New and publications (upcoming on cointelegraph and einpresswire + +&#x200B; + +Current Supply + +Burn: 500,000,000,000. MAX : 1,000,000,000,000 + +LIQUIDITY : 500,000,000,000 locked in Uniswap + +More than 100k marketing budget for this token + +Ongoing Legit Projects and developments + +Telegram : http://t.me/rakucoin + +Website : http://www.rakucoin.com + +Twitter : http://twitter.com/rakucoin + +Reddit : [https://www.reddit.com/r/rakucointeam](https://www.reddit.com/r/rakucointeam) + + + +Blocktelegraph : [https://blocktelegraph.io/raku-coin-the-cryptocurrency-trying-to-go-to-the-moon-and-mars/](https://blocktelegraph.io/raku-coin-the-cryptocurrency-trying-to-go-to-the-moon-and-mars/) + + Youtube influencer: https://www.youtube.com/watch?v=XI5Jwi\_2ndQ&t=2s + +&#x200B; + +Chart : https://www.dextools.io/app/uniswap/pair-explorer/0xfac2c7bc156c2c764ea21def2262ec2131100ab1 + +Contract Address : 0x714599f7604144a3fe1737c440a70fc0fd6503ea +For background, I grew up thinking debt is bad. My family struggled so financial security is important to me. + +- I’m 42 years old +- Just got a raise where I now make 170k gross a year +- No debt +- Have 120k available for down payment of rental property (and additional 10k set aside for emergency repairs or mortgage coverage) +- Have my own personal emergency fund if I ever lose my job, my expenses will be covered a few months. +- Started late on retirement saving so am trying to improve that situation. Enter: buying an investment property to rent out! + +I have been starting to look at multi unit rental properties w my partner (he has a background in the field). + +I’m looking at 2-flats around 200k. When running scenarios I keep hitting this challenge that has prompted a lot of discussion , It’s so steeped into my psyche that debt is bad all the scenarios I run are big down payments w the idea of paying the mortgage off asap so the debt goes away. + +Whereas my partner thinks I should put down the bare minimum down pmt and even consider purchasing multiple properties, or more expensive properties w more units like 4-unit for $500k as an example. + +I’m not saying he’s wrong, I’m saying **I need help shifting my perspective and understanding how being that leveraged is ok.** Feel free to explain it to me like I’m 5 years old :) + +Edited for clarity +It is common in the United States to live well above your means. It is not only put through commercials that you need the newest iPhone, vehicle, and to go to this or that online college while also maintaining your life somehow... The notion that you now need to buy as big of house as you can possibly be allowed to by your bank/credit union is in fact nothing new. This idea started decades ago, and it went into overdrive in the late 90s, and super overdrive in the early 2000s. **This is the catalyst as to why the recession in 2008-2010 happened**. + +So do not ever, under any circumstance let someone poke fun at you for living with a relative. To look at it more globally that just within the United States, in many countries around the world it is not only normal but encouraged to live with your relatives until you are well into your 20s, even 30s. So do not buy into the lie that you must immediately after graduating from high school or college get your own apartment. You do not need to pay a complete stranger (landlord) $1k a month when you can pay a relative $300 a month to live somewhere. As a matter of fact, you are probably going to be in a better neighborhood living with a relative compared to living in your own place. + +**TL;DR**: Stop letting other people's opinion of where you live bother you. It is normal in several places around the world to live with relatives into your 20s/30s. +So I’ve been poor all my life 26M. I got really lucky and won 20k on the horses. 6k of it is going on self improvement (hair transplant and a few other things) 3-3.5k of it is going on paying off some bills for my mum and spoiling her rotten. That leaves me with about 5-6 left after other treats and stuff. Not really sure what the hell to do with it. Is there anything that I could do with it over the next 3-4 years that coupled with saving I could raise the 20k I need for a house deposit in my home town, to basically help fund living in an apartment in London? + +I have lived paycheck to paycheck and it’s nice to think about my older years and having some financial freedom there. + + +Any tips or helps would be really appreciated, thanks. +I'm very confused right now. There's a lot of rabble about the 'soon to crash economy' and an impending recession, but I haven't seen it. In fact, all of the indicators I'm seeing on the ground seem to be saying that the economy is going up, not down.  + +Here's what I've personally experienced in the last month: + +* I tried to order cabinets for a kitchen remodel. Every single shop or distributor I call is booked out 6 months, working at full capacity. Pre-pandemic, you could get cabinets in 6-8 weeks +* I called a few woodworkers in my area to help with some molding work, they are all turning down work. Way too over subscribed as they said. +* I'm booking trips for work. Ticket prices are at all time highs. Business class cabins either totally sold out or only have a few seats left.  +* Hotel prices still at all time highs  +* Car dealerships are still asking for "market adjustments" for run of the mill cars (not the rare special ones). That NEVER happened pre-pandemic  + +I was in my 20s and a working professional in 2008-2010. I remember people basically begging for work and not just laid off mortgage brokers, plumbers, electricians, etc were all desperate for work. Car dealerships were dropping their pants on car prices. Hotel and airfare at rock bottom prices (in 2010 I stayed at the nicest resort in Bora Bora for $450 a night. Now that goes for over $2k/nt).  + +People are still out there spending like drunken sailors and there seems to be no end. For all the people that say another 2008 is around the corner, this looks NOTHING like 2008.  + +What the f*** is going on? +I keep seeing newbies posting comments and posts where they are worried about the ‘dip’ from 1700 to 1500. They are worried that their $200 fraction of ETH that they bought a couple days ago has now lost a small percentage of its value. + +I also see people talking this ‘diamond hands’ bullshit that I can only guess is spinning off of the GameStop hypetrain. + +Listen newbies, it’s awesome to have you here. You’ve picked a worthwhile place to invest your money. Just please remember these two rules: + +• Never invest more than you are comfortable losing. +• Be patient and invest for the long term. + +There’s a saying from Warren Buffet about the stock market and it is transferable to Crypto as well: + +The [crypto] market is a device for transferring money from the impatient to the patient. + +Just research the different projects and gradually and consistently invest money into the ones that you believe have merit. You won’t be rich overnight, but if you diversify among projects you believe in and you consistently buy in, you’ll ride the wave of success and you can significantly grow your money more than nearly any other investment vehicle. + +Understand that crypto is volatile. Next week it could be at $300 or it could be at $3000. If you just gradually buy in, you can buy more when the market dips and be better off in the long run. + +Have a view to get rich in 7-10 years, not in the next 7 days. + +Also, don’t buy Doge. Jesus Christ, I can’t believe I have to say that, but just don’t. There’s plenty of better places to invest your hard-earned pesos. +I'm a long term BTC hodl'er. I bought a couple BTC when it was priced at $400 way back in 2013 and held the ENTIRE way. Over the course of process, I can't even count the number of "am I buying too late" posts in the BTC subreddit. I saw it when BTC hit $1000, I saw it when it hit $5000, I saw it even when it hit 20k. The answer is no - it is never too late. As I watch this bull run of ETH, I can't help but compare it to BTC when it went on the insane bull run to 20k and then to 60k. It's crazy how similar the two runs are. + +Recently, I converted a part of my BTC portfolio and bought ETH when it was priced at $2900. For a second, I asked myself the same question - "did I buy in too late at the top?" As always, the answer is no. It is never too late to buy if you are focused on the end goal - whether that is 10k per ETH or 50k per ETH. Focus on the end goal, buy, and **HODL**. +https://www.manrepeller.com/2019/02/trap-of-turning-hobbies-into-hustles.html + +Any time someone pipes up about side hustles, my mind immediately turns to this article and especially the title phrase. To me, the whole point of FIRE is to spend my time doing what makes me happy, and the easiest way to hate a hobby is to turn it into a job. So maybe let's cool it on instantly recommending people monetize their joy. +Ok, the title is clickbait, I'll be the first to admit. But it's meant to show off my frustration with just how infuriatingly difficult it's been for me to get into forex, and really any kind of daytrading. + +Now, I get that this stuff isn't easy. If it were, everyone and their grandparents would be making bank while sitting at home all day. That's fine by me. I've also already lost my fair share trying to get into it, having almost blown my account one or two times in the last year because of *very smart* trading decisions on my end. + +That being said, I still have no idea how anyone is suppose to learn anything in this business. Every "article" I read seems to contain hand-picked examples which illustrate perfectly how a given trading strategy is meant to work. I then go in to try it out myself, and get instantly burned. + +At this point, I've committed to memory as many price action patterns as I can, but I am yet to actually encounter them in any charts I view during the day, the only time I've seen them is in the hand-picked examples I mentioned before. + +I've also tried trading off of indicators. Moving averages, stochastics, MACD, you name it, I've probably read about a way to "predict" price movements using it. It's all complete hogwash, not one that I've tried so far has made me money. + +Am I just stupid? Am I overthinking this stuff? Or am I underthinking it, not going deep enough? I don't even know anymore. +36/m. DINKS 2.6MM net worth. VHCOL. + +My corporate job pays well but is not cushy and I'm absolutely mentally exhausted. High anxiety and working long hours. I have had my goal set on 6mm but really feel like it feels so so far away, with every day being a struggle. + +We are still on fence about kids but leaning towards yes. Which is why I'm targeting 6mm. Otherwise wouldn't need that much. + +Sometimes I dream of saying fuck it, quitting with regular FIRE, and moving to a LCOL area and starting over. But it feels so dumb to throw away 800k in combined pretax income (probably 500k after taxes). It feels like we might never get that kind of earning power again. If I can only squeeze out a few more years... + +Have any of you dealt with this kind of situation as "tweeners" between FIRE and FATFIRE? Have you hit a wall at work where it becomes hard to justify doing it every day bc you're unhappy? + +I'm really good at self denial and self discipline so I know I can keep going if convince myself it's worth it. But I'm just losing faith that it is worth it. + +Sorry no point to this post, just looking to hear some life experiences from others. +I'm so proud of myself! I grew up in a household that was always in debt, and have always had a hard time managing my own money. + +About 5 years ago, a little before I moved out of my parents' and into assisted living (autism, lots of coaches, I just needed an extra step up to manage it on my own, something my parents couldn't give me, all is well) I got a coach for my financials. However, where I thought the deal would be that she would manage and in the meantime teach me how to properly manage my money, this turned out not to be the case. When I then moved into assisted living, I figured I'd try it on my own again. + +A friend of mine has taught me his way of budgeting, have little (mental) pots for everything. I have a pot for bills, I have a pot for my car, I have a pot for my entertainment, pots for everything. And with that, I set off to saving whatever I didn't need that immediate month. It was hard, but I managed, every month a little better. + +Today is payday, and I like to put everything away in those little pots the moment I see the money in my account. After I did that, I took a look at my total savings: 1096 euro. A feeling of awe washed over me. I did it. I actually managed to save over a thousand euro. After 20+ years of not being able to not spend a single cent, I have a thousand euro just sitting there, waiting for the right moment. + +I'm so proud of myself. + +Edit: It has come to my attention that the method I seem to use is 'envelopes' and zero budgeting. Please check it out, it's really helped me get a sense of control. +[This article by ProPublica](https://www.propublica.org/article/ocean-freight-shipping-costs-inflation) is a deep dive into the ocean freight logistics mess that is contributing to inflation. The article says inland logistics problems are being exploited by dominant ocean carriers, who own the shipping containers, through detention (failure to return shipping containers) and demurrage (port storage from failure to pick up shipping containers) fees. The carriers are blaming the importers (using the port as extra storage space since their warehouses are full) and trucking companies (shortage of drivers). The marine ports themselves are partly to blame (e.g. containers can only be picked up or returned by appointment and a container can only be returned if they pick up another due to lack of space). The containers can't be picked up until all fees are paid and after any customs inspections. Congress approved a bill to give the Federal Maritime Commission more power over the shipping industry, and the commission has handed out some fines, but they're small compared to the industry's profits. + +It seems like a real big mess but how accurate is the article? Are the carriers mostly at fault here or is it everybody? There's been a bunch of posts over the past year regarding the outlook of ocean freight and trucking equities but obviously fuel costs and HR shortages are factors. It's hard to tell who is fighting for survival and who is having an opportunistic feeding frenzy. +**Score Media and Gaming Inc** + +TSE: **SCR** + +OTC: **TSCRF** + +It's already common knowledge sports betting is big in the North American market - and will continue to generate tons of revenue as states continue to legalize sports betting. Canada is following suit. Legislation will be passed Q1 2021 and we're soon going to see an influx of CANADIAN online betting. **Basically all of Canada uses this app exclusively for sports and it is starting to become more popular in the United States** + +* 10M+ downloads on their sports media app with 4.7 stars on Google play store +* \#1 sports app in Canada (#2 behind ESPN in the US) with 10% of Ontario's entire population that uses it +* theScore successfully began the multi-state expansion of its mobile sportsbook, theScore Bet, launching in **both Colorado and Indiana in September** +* theScore Bet secured market access to operate an **online casino in New Jersey via a multi-year agreement** with Twin River Worldwide Holdings Inc. +* Total views of theScore esports’ video content across all platforms reached a new **all-time quarterly record of 292 million in Q4 F2020, year-over-year growth of 243%.** +* Strong fucking balance sheet = increased flexibility for upfront investments in new markets (e.g., market access fees, infrastructure, etc.) +* theScore is competitively advantaged in Canada, vs. foreign operators, as a homegrown player with a strong brand, which we believe will afford it preferential treatment by regulators with early market access, thus paving the way for early market share gains +* theScore esports just recently has been named the **exclusive English language broadcast partner** for the **League of Legends’ Demacia Championship**, a marquee annual event featuring 24 of China’s top esports teams. +I’ve been keeping my eye on this small cap AI company. Not only do they have great AI products, but they were asked by the Canadian govt to secure Covid test kits from Korea through their existing AI client contacts. Since then they have been supplying test kits to Canada, bought a telehealth & a drone company in addition to providing AI services to the USAF, the Canadian govt, 7-Eleven and many more. Tomorrow they release their Q4 financials. If they’re good, I’m in!! +I’m a 28-year-old male one year out from my college degree and will graduate with very little debt but also pretty broke. I’m falling in love with this girl who has a $30,000 car note and a CHILD, she has no formal education other than a high school degree and is a waitress who makes at best $35,000 a year. Financial stability is very important to me as I grew up pretty poor. The baby daddy is not in the picture nor does he provide any type of child support and I feel like if I want to be financially stable diving into this relationship could put years in between me and that. it’s still early enough I could pull the ripcord, I just don’t know what to do. + +EDIT 1: Thanks for the replies so far!!! It's very helpful to get some outside perspectives. So much of this feedback shows me that its important to dive in with a solid decision no matter which direction I go! People have been successful walking away to find a more viable partner and people have been equally happy settling down. + +EDIT 2: This is my first post in this sub! Thank you so much to everyone for the support and insight. +With the market going nuts and all the talk about recession, curious to see if this has changed your FatFire number? For me, I have gone from my $10M FatFire Target to $6M as it feels more achievable, plus $240K per year (4% SWR) seems fat enough. +For example, let's say there is a developing country that has food insecurity. If a new process is found to suddenly make food 100x more efficient with more yield, the country begins to develop in every facet of society such as education, entertainment, and engineering, because food is a common cost to all people that is lowered substantially and now that people are well fed they can pursue other things. + +What is this effect called? +In Piketty's book, he said that r was the average rate of return to capital and that rK was the income from capital. He later defined the net capital share of income as the product of r and the capital to net-of depreciation income ratio. + +But using his definition of r, the sum of the net capital share given by his first law with net labor share does not equal to 1. + +It is only when I redefine r as the rate of return to capital minus the depreciation rate when both net shares of capital and labor sum to 1. What have I done wrong here? + +The math is the imgur link below: + +[https://imgur.com/a/a1G6VCX](https://imgur.com/a/a1G6VCX) +Afternoon everyone, + +I currently work for a large engineering firm. However when looking at the senior leadership teams, all have a background in economics, buissness economics or finance studies. + +I have a basic grasp of key finance concepts from delivering projects, however this very limited. + +Could anyone from this community recommend any texts/books that would help further develop my understanding/knowledge of the subject? +I know part of the inflation is the influx of new money into the market during the pandemic. Additionally I heard many companies raised their priced due to supposed "labour shortages" which raised their costs of production and by extension - price. Yet when looking at companies like Shell, BP, Starbucks, Kroger, McDonnalds, Chipotle and countless others that raised their prices - they all have seen huge profit increases from 20 to 60 percent last year. Why the inflation then? +Edit: typos and added Kroger which also seen record profits and massive multimillion dollar payouts to the CEO +I just had this random memory come up and I felt I had to share it. My child brain just couldn't comprehend that I wasn't allowed to eat because I didn't have money. I don't think I even knew what money was at the time! + +It was even worse when the lunch lady took away my tray of food and chastised me for "trying to get a free meal". I didn't even know I needed to trade money for food. I was like 6! + +Im very glad to be at a better place in life, but damn did that memory hit hard just now. + +EDIT: this was an elementary school in Richmond virginia, USA. Reading other people's comments I do think I remember they offered reduced or free lunches to the other kids. I genuinely have no idea why as I child I didn't receive that. + +EDIT 2: I'm not in speaking terms with my parents right now but they're vietnamese who immigrated here... Maybe they didn't understand there was paperwork to fill out for free lunch? They were really lax about me going without eating the whole day, since mom usually will cook a big dinner for us in the evening +I have no job experience, so I probably should get smaller jobs in retail or something related to build up my resume before pursuing any career type jobs. + +I find economics as a very objective field, which I love. And I love numbers, math, and graphs. I took AP Macroeconomics in my Senior year of high school and passed the exam. I took Microeconomics last semester in college and I got an A. Challenging at times, but very enjoyable for me. + +I am trying to have some sort of outlook for my future as an economist. If you have a job as an economist, what do you do on a daily basis? Is it... Tiresome, difficult, easy, stressful, etc.? Is it collaborative and social (working with others) or more isolated (which I prefer)? What favors/activities do superiors tell/ask you to do? Thx! +Even when compared to its neighbors. Is it similar to Ireland where their GDP is somehow inflated by foreign investment or are they simply more productive? +I recently stumbled upon [this video](https://youtu.be/U7lAke9Gd5c) on YouTube. + +The lady talks about a case in which how easily some company (Urja global) declares partnership with some foreign company without any regulatory body like SEBI verifying it. And how difficult it is for retail investors to reach out to such institutions for help or to raise issues. + +If all this is true, if they all are hand in glove with this, how can small investors even trust SEBI ffs? + +What do you guys think? +It's a script that searches the web for cryptocurrency news, taking keywords as input and then passes those to a text sentiment API, analysing how many of the headlines are positive, neutral or negative. + +I'm thinking about integrating this with an Exchange and testing out a trading strategy when based on the news sentiment. If the news are overwhelming positivity for a crypto, the bot would buy for example. During my testing it looks like the sentiment is being picked up quite well but it's not perfect. + +In order to get an accurate picture of the overall daily news sentiment for a coin, a large number of headlines need to be consumed. Additionally, many headlines on one coin is also an indication that the news is quite big. + +The API used to scrape the web only allows for 100 calls/day in the free version. If you guys know of other resources that can be used to scrape crypto news headlines, I would be happy test them out. + +GitHub repo available below if you're interested + + [https://github.com/CyberPunkMetalHead/cryptocurrency-news-analysis](https://github.com/CyberPunkMetalHead/cryptocurrency-news-analysis) +A lot of people are rooting for big exhanges like Binance and Kraken to freeze Russian people's crypto account. + +This is plain bullshit. If you're rooting for this then you have no single fucking idea what crypto actually is. + +Crypto = Freedom. + +Freezing a specific country's citizens account because of their dictator president decided to go for a war is bullshit. + +There are millions of people in Russia who don't want a war and hate Putin. You can't hold those people accountable because of their dcitator president's decisions. + +Crypto is for the people. Crypto is Freedom. No matter what. + +P.s. Fuck Putin +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! + +Elon Musk’s SpaceX plans to spin out and pursue a public offering of its its budding space-internet business Starlink, giving investors a chance to buy into one of the most promising operations within the closely held company. + +https://www.bloomberg.com/news/articles/2020-02-06/spacex-likely-to-spin-off-starlink-business-and-pursue-an-ipo +edit as pointed out by someone : **UK based** + +&#x200B; + +As the title suggests. + +&#x200B; + +Somewhere in October, I have rented a room from a private landlord. I am not responsible for any bills, I just pay my rent and he has to deal with everything. There are other people living in the house. + +&#x200B; + +So, the landlord has added me to the gas bill without telling me and has made 2 late payments which brought my credit score downby 260 points. + +&#x200B; + +I have only noticed this now because I couldn't get my address changed on experian, and I've only managed to do so last month. + +&#x200B; + +On a free account everything gets updated after a month. So imagine my surprise, when today, while checking my account which I've been working on for the past year to see how much it went up, I see that i've lost all that progress, plus interest. + +&#x200B; + +I've immediately paid the fee and got creditexpert, checked what was going on, and noticed that I had a utility bill to my name and that 2 payments were late, one of 120 and the other of 620. + +&#x200B; + +I called creditexpert landline and they've told me they've sent a mail to the gas company to ask what the steps to follow would be, but it may take up to 30 days. + +&#x200B; + +Does anyone know what else I could be doing in this situation? + +&#x200B; + +I've spoken to the landlord and he is acting dumb. + +&#x200B; + +TLDR: Landlord screwed me over, and added my name to the utility bill without telling me, which bill he failed to pay on time, 2 months in a row (120/620), this has negatively impacted my credit score, lowering it by 260 points. Talked over to experian and they've sent a mail to the gas company, but that is as far as they can/will help. + +&#x200B; + +&#x200B; + +EDIT: + +&#x200B; + +I have called British Gas, the utility company, and they have confirmed that the account has been opened to my name and 2 other people by a "lending agent" which we don't know, and they told me that they have made a request to close the account and remove the debt, but, that doesn't solve the problem, because they were able to do this in the first place, they would be able to do it again. + +&#x200B; + +So, I need to speak to the landlord, find out who this "lending agent" is and see what is actually going on. + +&#x200B; + +I will also file a police report. + +&#x200B; + +EDIT 2: + +&#x200B; + +I have spoken to the Landlord, he said he will be paying the bills within the next two days and will take my name off the bills. I seem to be registered to the letting agency. I have requested a copy of the contract that I did not know existed and ask him to change it accordingly and to specifically request that they do not use my details to register for bills or such. I will make sure I give them a visit as well, to make sure everything is being done. + +&#x200B; + +I do not fully trust him, so I will proceed with my own request of being taken off of everything that has my name on it that I did not agree to. + +&#x200B; + +I will call Citizens Advice tomorrow, first thing in the morning and request as much legal advice as they can give me, I want to cover all the risk areas to make sure this doesn't happen again. + +&#x200B; + +I wil lalso register myself with CIFAS, as pointed by someone in the comments, for 25GBP they will add extra security steps for when you or someone wants to apply for credit or such under the companies that work with them. For that, I will have to call them first, to make sure the relevant companies are indeed registered with them. + +&#x200B; + +&#x200B; + +**Thanks everyone for replying, it is amazing to see so many people trying to help. I am humbled by the solidarity that you guys are showing even if this is largely my fault for being an idiot and I really appreciate every word of advice.** +So many posts here throw outlandish salary's out there, to gain some perspective, I found this site which shows you where you sit in relative to the rest of the population on a handy chart + +[https://www.ifs.org.uk/tools_and_resources/where_do_you_fit_in](https://www.ifs.org.uk/tools_and_resources/where_do_you_fit_in) +This took a lot out of me but Im not even phased by losses anymore. I was up 7k on BB and I should have sold but didnt. Sometimes you are your own worst enemy. I learned the hard way. I got stopped out today with a loss of $200. + +Dont try and pick bottoms. Wait for confirmation on the daily with increasing volume. I played what I thought would happen not what IS actually happening. Take the money and run while you’re up. Every week is a battle but there will be other opportunities. + +This is why Im posting every week now. Putting my balls on the table for everyone to see to keep myself on the hook. I want to hold myself accountable for my actions and for everyone else to see my mistakes and learn what to do and what NOT to do. + +Big bull trap at the open today. Not gonna lie I almost fell for it but bought some SQQQ instead at 12.44. + +QQQ - bearish engulfing on the weekly. Hard to ignore the signs but im still holding some names long. + +COTY - what a rally today. I needed this small win. Still holding into next week. Got in at 7.45.. $8 should be coming soon if volume picks up. New York Virtual fashion week will help. Target is $10. + +HYLN - thought i was going to get stopped out today but didnt. Low volume on a down day? I think they’re trying to keep this down before earnings Tuesday. Will send screenshot of my holdings soon. below 20k again is messin with my head. + +Happy trading and have a good weekend. + +Bud +28 years old here, no student loan debt as I paid that off finally. Because of this, the last year I was able to go from $4k in my bank to $23k as I don’t have those student loans being paid off now. I also have two cars, one that’s fully paid off. A 2008 Lexus IS250 fully paid that I got from a relative, and a 2018 Corolla that I still owe $4,400 on. That car is worth like $15k in todays market, maybe more. Anyhow I was wondering since I have $23k in the bank, and $10k more if you count the Corolla’s difference in value, what should I do? I’m thinking about opening a savings account. Any suggestions on what banks offer the best interest rates on savings ? I have that $23k just sitting there. I figure it can grow in time. +With the out of control stock market likely (IMO) to tank within a short period, what dividend stocks are recommended to weather such a storm? Did you invest in any during the dot bomb or sub-prime mortgage fiasco that were great? Were any must avoids that looked good from the outside? +Just wondering how many other people have allowed dividend investing to change their behavior. + +Because I'm nearing retirement age, I've recently moved most of my investments into high yield ETFs and other dividend paying stocks and I'm finding I've become conditioned to constantly look for dividend payments in my accounts. + +Just like Pavlov's Dogs displayed the results of classical conditioning by salivating in response to a stimulus; I find myself signing on to my account every day and checking the cash value in my settlement account... something I never used to do. + +Getting dividend checks on several days each month has turned me into a Dividend Dog. + +Anybody else dealing with this obsession? +This is the good lesson for market timing vs time in the market + + +Vanguard Total Stock Market ETF + +Oct 9 2007 - 77.75 + +Sep 29 2017 - 129.52 + + +Reference - http://www.etf.com/sections/index-investor-corner/4-lessons-stock-bubble + + +Update: Looks like most of the people did not look at the article here are 4 lessons from article: + +1) Capitalism works. + +2) Rebalancing works, too. + +3) Economic news and stock performance are different. + +4) No one knows the future. +I am sure many of you might have found the title a bit odd or confusing. Please help a noob out. + +For the past few months, I would buy/sell index funds or funds investing in a particular sector just before cut-off time to gain an advantage of the fall/rise in NAV value of the mutual fund on that day. This was possible because these particular funds were highly correlated to the sector indices or Nifty/Sensex values (depending on the fund). + +Few people I talked told me that I am not an investor, since I am purely looking at short-term gains. I can't call this trading also because there is no intra-day or short-selling option available to me. + +While I have tried my best to give a brief background of what I did, the end result was that I would earn between 3-5% on my investment over a period of 7-10 days. If the fund has an exit load of 15 days, I'd sometimes wait for 15+ days to redeem the gains. + +For example Nifty fell around 4% on 21st Dec. I bought Mutual units of an Index fund that day and sold it 3 days later with no exit load. Got 3%. Because I have been tracking the market for quite some time, I knew that the UK virus cannot lead to a free fall greater than that, and I gambled that the market would bounce back. But this is just an example, and the point of the post is something different. + +The whole point of this post is: Can I not do this from 1st January onwards? I am genuinely concerned because of the new rule that says - From Jan 1st 2021, all investment transactions, irrespective of the amount and type will be processed by the Mutual Fund companies only when the money reaches their account.  + +I have very few people around me who are into investments, and the few who are don't invest in mutual funds and only do stocks. I am open to having a discussion here or DMs. +New to this exchange and while I quite like it, I'm trying to be as efficient, cost-effective as possible with my transactions. + +I usually buy on Coinbase with my credit card, then transfer to GDAX, then transfer to Binance, trade for the shillcoin of the day, then send to my wallet. + +HOWEVER, I heard there is a way to lower Binance withdraw fees with their own coin? How does that work? Withdrawing is usually the expensive part of the equation. Thank you! +Edit: Everyone, I know PLTR isn’t renewable. Sorry for the poor phrasing. So I will ask here, in ADDITION to all of the companies I’m high on listed below, I would like your opinions on PLTR. If you don’t have one, that’s cool too. Not trying to mislead anyone like I was accused of. + +I like Lithium America (LAC), iShares Global Clean Energy ETF (ICLN), and Novus (NOVS) which will soon become AppHarvest, possibly the future of North American agriculture. + +I’ve been doing my research lately and just bought 100 shares of each. Not the biggest investment in the world but not small by any means. I’m big on anything renewable and have no problem playing the long-term game. I actually prefer it. + +How do you all feel about these? + +Also, additional opinions I would love from any of you would be your thoughts on Sunrun (RUN), Canadian Solar (CSIQ), and First Trust Global Wind Energy ETF (FAN). I am very high on all of these over the next 5 years. + +Thanks in advance, and I’m still learning along with everyone else. Warren Buffett said, invest in what you know, and it’s better to get a good company at an okay price, than an okay company at a good price. I’m less concerned about the week to week or month to month, and more so confident in renewable energy taking over during the next decade. It’s not a matter of opinion, and it’s not if, but when! + +Thanks all and Happy Holidays and Happy New Year. +Just a PSA: the TSX, TSX Venture, and TSX Alpha are experiencing difficulties with processing orders meaning no trades are executed at this time. +Wonder how this will affect the markets. + +Issue started at around 1:40pm EST. + +Post thoughts below. +As the title says.. what’s with all of the predictions that ETH is going sub $50? What is the real basis for these types of predictions? + +TA? I mean, I understand the value of TA in a traditional market and with companies selling a product, earnings, profit, etc... I also get that when looking at trends, it can be of value to perhaps hint in the direction that things are going.. + +Is it just fear? The sentiment around the market as a whole? Coming off such a huge run a year ago.. that I can also understand.. fear and greed are the two biggest driving forces in market psychology right? The fear of missing out on something that appears to be explosive and the greed that takes over once you decide to pull the trigger... I get this as well. + +Is it simply because the market has decreased so dramatically, and people have such an investment in ethereum, or whatever, for money making purposes that, at this point there is nothing left but to see their investment fall completely to nothing? I can understand this as well.. + +Could it just be investors pissed off that they should have turned a profit when their investment was up such a ridiculous amount, but greed took over, they felt invincible, and the smartest person on the planet? + + +I’m not saying that the market is going in one way or another right now.. + +I also feel (and this is just based on pure speculation) that there is another bottom to be had, ups and downs, before there is a stagnation, and a sideways period for some time. It doesn’t make sense to me that we’re going to lose more than another 60% of market cap before a massive recovery. It very well may go from $70 to $150 quite a few times before it’s truly sideways for some time.. Before we see some true growth again. + +In order to reach another ATH, there’s got to be a somewhat distant memory of the crazy ride up, and the crazy ride down before new comers and old timers alike start getting that fear/greed cycle kicked into high gear and the process starts all over again.. will it lead to new ATHs? To me it does seem inevitable, but I don’t know.. who the hell does... all I do know is that it doesn’t seem like this whole thing lead up to 2018 as its grand finale.. + + We haven’t even seen many of these products kick the shit out of what’s out there today.. there are so many killer projects that are being worked on, that truly are hinged on the fact that blockchain technology will make them better.. is it just the fucking nerd in me? That likes reading about new technological advances? A fresh new way of looking at things? Ownership of digital items that are actually worth something to those that hold value to them? A way of indisputably knowing that data, money, digital items, trading, loans, m2m micro transactions, ANYTHING has not been tampered with, altered, or misconstrued without multiple parties agreeing and not based on some shitty third party to be the ones who are really in control? + +I’m pumped to see where this all goes.. whether you or I make money on this. Hopefully everyone does.. I do really think the odds are in our favor.. as long as we don’t bail before we actually see these “killer” projects and dApps take off and truly make some type of difference + +Just my own two cents.. hope you enjoyed the read +# O. Preface + +**TLDR:**There is an SEC rule - Section 14(a), Rule 8 of the Securities Exchange Act of 1934 - that enables ordinary shareholders to advocate something called a Shareholder Proposal. The rule is very well defined, in terms of the scope of who is permitted to make proposals, and the extents to which companies are allowed to dismiss or accept such proposals. Should such a Shareholder Proposal be within the defined scope of the rules, the company is compelled to put the proposal to all shareholders to be voted on. + +It is my belief that Rule 14a-8 could become pivotal sometime in the near future, when the number of shares directly registered exceeds half of shares outstanding. At that point, utilising the SEC's Rule 14a-8, individual\* shareholders can make proposals which the company's operational management possibly cannot themselves advocate or inact, for fear of litigation by SHFs and other nefarious actors. Hence when greater than 50% of shares outstanding are DRSed, individual\* shareholders may have the power to do what GameStop's management is perhaps unable to do themselves: instigate a chain of steps that leads to MOASS. + +*(\* note the emphasis on individual, as it truly is only individual investors that can make such Shareholder Proposals under Rule 14a-8)* + +https://preview.redd.it/vssbpp86u0l91.jpg?width=1768&format=pjpg&auto=webp&s=82e4c69896c80d0e4e7809b5776590f16250638d + +&#x200B; + +# 1. What is Rule 14a-8? + +*(Firstly let me acknowledge that there will be many members of this sub who know about this rule already. It has been brought up in the past before, although I believe not necessarily within the scope of what I am going to detail in the latter sections of this DD. However, if you are familiar with the finer workings of the rule, feel free to skip to section 4 below.)* + +Buried within the SEC's Securities Exchange Act of 1934 is the following rule: + +**§ 240.14a-8 Shareholder proposals** + +[https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf](https://www.sec.gov/divisions/corpfin/rule-14a-8.pdf) + +If you have the time, I would encourage reading it rule in full, as the entire basis of this DD is the finer details of this rule! However as it is very lengthy, below are the most important points to understand the gist of the rule: + +***What is a proposal?*** A shareholder proposal is a recommendation or requirement that the company and/or its board of directors take action, which is intended to be presented at a meeting of the company's shareholders to be voted on. The proposal should state as clearly as possible the course of action that the person making the proposal believes the company should follow. + +***Who is eligible to submit a proposal?*** A shareholder who has continuously held:(A) At least $2,000 in market value of the company's securities entitled to vote on the proposal for at least three years; or(B) At least $15,000 in market value of the company's securities entitled to vote on the proposal for at least two years; or(C) At least $25,000 in market value of the company's securities entitled to vote on the proposal for at least one yearAdditionally, the person must make themselves available to meet with the company (in person or through teleconference) within a month of submission. They must also be available to attend a Shareholders Meeting to detail the proposal to the rest of the shareholders (again in person or through teleconference). + +***How does one prove such ownership?*** Submit a statement of ownership from a broker or bank. Of course the most secure proof of ownership, I believe, would be such a statement from ComputerShare. + +***Can a group of shareholders submit such a proposal?*** No, as it is not permitted to aggregate holdings with those of another shareholder or group of shareholders, to meet the requisite amount of securities necessary to be eligible to submit a proposal. + +***How long can the proposal be?*** No more than 500 words. Accompanying linls and images are not counted towards the word count. + +***How many proposals can be submitted?*** No more than one per shareholder. + +***When can a proposal be submitted?*** 120 days or earlier from the expected annual proxy statement. GameStop's proxy statement in 2022 was released on 22nd April 2022. Therefore the next proxy statement is likely to be made on 22nd April 2023. 120 days before this is 23rd December 2022, thus this is the deadline for making a Shareholder Proposal for inclusion in next year's Shareholders Meeting. + +***So the earliest such a proposal can be voted on is next June's Shareholders Meeting?*** In fact, GameStop's By-Laws appear to leave this open. Senior management can call for a special meeting, presumably at which shareholder voting can take place including Shareholder Proposals, at any time: + +[https://www.sec.gov/Archives/edgar/data/1326380/000132638017000012/ex321\_fifthamendbylaws.htm](https://www.sec.gov/Archives/edgar/data/1326380/000132638017000012/ex321_fifthamendbylaws.htm) + +*^(Section 3: Special Meetings. Except as otherwise required by law, a special meeting of the stockholders of the Corporation may be called at any time by the Chairman of the Board or the Chief Executive Officer or by the Board pursuant to a resolution adopted by a majority of the then authorized number of directors. Any special meeting of the stockholders shall be held on such date, at such time and at such place within or without the State of Delaware as the Board or the officer calling the meeting may designate. At a special meeting of the stockholders, no business shall be transacted and no corporate action shall be taken other than that stated in the notice of the meeting.)* + +***Who will decide whether to include proposal in the Shareholders Meeting?*** The basic rule is that such a proposal has to be included, unless the company can show the SEC that it should be excluded for a certain reason. + +***What kinds of grounds are there for exclusion?*** Currently there are 9 such reasons the company can give, which are that the Shareholder Proposal is:(1) Improper under state law i.e. in GameStop's case, this would be Delaware state law, as this is where the company is incorporated(2) Violation of law i.e. breaching Delaware or Federal law, if enacted(3) Violation of proxy rules, which are the SEC rules the company has to follow for submitting proxy statements(4) Personal grievance; special interest i.e. if benefiting the individual only, and not shareholders at large(5) Relevance i.e. only affects less than 5% of the company's business or revenue(6) Absence of power/authority i.e. calling for something the company cannot directly effect, and thus out of the company's control(7) Management functions i.e. affects the company's normal business operations in a disruptive manner(8) Director elections i.e. results in a change to the make-up of the board(9) Conflicts with the company's own proposal i.e. directly goes against a proposal by the company in the same area + +***Couldn't a company use number (7) above to get most proposals excluded?*** The SEC has put out a bulletin clarifying the scope of this:[https://www.sec.gov/corpfin/staff-legal-bulletin-14i-shareholder-proposals](https://www.sec.gov/corpfin/staff-legal-bulletin-14i-shareholder-proposals) + +To cut a long story short, this bulletin explains that a company's Board of Directors knows best how a proposal could negatively impact a company's ability to conduct day-to-day operations. Thus, they must explain in more detail what operations would be affected to the SEC. It is then up to the SEC to make a decision to exclude the proposal or force the company to put it to shareholders. + +***Can a shareholder appeal if it is decided a Shareholder Proposal can be excluded?*** Yes, an appeal can be submitted to the SEC explaining why the decision is unfair, and a further review will be carried out. + +One final note is that the SEC proposed some amendments to Rule 14a-8 on July 13th, which would also allow exclusion of a proposal for the following additional reasons: + +[https://www.morganlewis.com/pubs/2022/07/secs-proposed-rule-14a-8-amendments-further-signal-support-for-inclusion-of-shareholder-proposals-in-proxy-statements](https://www.morganlewis.com/pubs/2022/07/secs-proposed-rule-14a-8-amendments-further-signal-support-for-inclusion-of-shareholder-proposals-in-proxy-statements) + +(10) Substantial Implementation i.e. if the company has already enacted most of the proposal already + +(11) Duplication i.e. if multiple proposals are basically advocating the same thing, then only one can be put forward to shareholders + +(12) Resubmission i.e. if the same proposal was made and voted against in the previous 3 years + +These amendments to the rule are open to comments to the SEC from September 12th to October 12th, and potentially enacted some time after that period. + +# 2. Examples of the rule in action + +Firstly I want to show you what a Shareholder Proposal can look like. Below is one that was submitted by Mr. Gregory M. Shepard of Bradenton FL., one of the investors in a company called Donegal Group Incorporated. In this example, he is advocating to the wider shareholder body that Donegal seeks the services of an investment bank, to explore M&A options for the company: + +[https://www.sec.gov/Archives/edgar/data/1065833/000119312512458062/d434816dex71.htm](https://www.sec.gov/Archives/edgar/data/1065833/000119312512458062/d434816dex71.htm) + +https://preview.redd.it/eq4xzd8cu0l91.jpg?width=1590&format=pjpg&auto=webp&s=db8beaaf566ea57ae88f487d608d3f120a55729b + +Below is a very typical Proxy Statement including a summary of several Shareholder Proposals, this example being from Johnson & Johnson's Proxy Statement from June 2022: + +[https://www.sec.gov/Archives/edgar/data/200406/000020040622000026/a2022jnjproxy.htm](https://www.sec.gov/Archives/edgar/data/200406/000020040622000026/a2022jnjproxy.htm) + +https://preview.redd.it/g44mcdngu0l91.jpg?width=1590&format=pjpg&auto=webp&s=840d19325b117061a7ec8cda95c3901009750f8d + +You will notice that Johnson & Johnson's board has recommended that shareholders vote in favour of all their proposals, and vote against all the Shareholder Proposals. In conducting the research for this DD, I looked at proxy statements by a large number of companies, and saw this was very typical. This included many proposals that to me looked very sound and sensible, such as some of those submitted to Johnson & Johnson above. For example, in the May 2022 Proxy Statement by McDonald's: + +[https://www.sec.gov/Archives/edgar/data/0001018724/000110465922045576/tm223357d6\_defa14a.htm](https://www.sec.gov/Archives/edgar/data/0001018724/000110465922045576/tm223357d6_defa14a.htm) + +https://preview.redd.it/6qoviv9ku0l91.jpg?width=1768&format=pjpg&auto=webp&s=0e844a47263bae05539af9625452884ec64dc384 + +This 2021 Proxy Statement by Microsoft: + +[https://www.sec.gov/Archives/edgar/data/0000789019/000119312521301148/d242867ddefa14a.htm](https://www.sec.gov/Archives/edgar/data/0000789019/000119312521301148/d242867ddefa14a.htm) + +https://preview.redd.it/zjvvxulpu0l91.jpg?width=1768&format=pjpg&auto=webp&s=60e9f1eb2d020d0f3109ef1aae5a16c94677d6be + +In fact, I searched through hundreds of Shareholder Proposals to corporations of various sizes, and could not find a single instance where the company recommended voting in favour of the proposal. It appears to me that the standard business practice of publicly listed firms in the United States is, in fact, to advocate voting against Shareholder Proposals as basically a "default" response. I have a theory as to why companies follow this seemingly standard approach, which I will explain in Section 4 of the DD. + +Finally, I would like to give you a flavour of what kinds of topics individual shareholders typically put up for Shareholder Proposals. For the past few years, the Columbia Business School's blog - 'The CLS Blue Sky Blog' - has published an annual summary of Shareholder Proposals in that year’s "Proxy Season". Below is some interesting information about the most common types of proposals put forward by individual shareholders earlier this year: + +[https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season](https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season)/ + +https://preview.redd.it/9hukxutsu0l91.jpg?width=1768&format=pjpg&auto=webp&s=92573dde6329bca38284f04a20b499e34c620c94 + +As you can see, the majority of proposals this year and last year have been around ESG (Environmental,  Social & Corporate Governance) related topics. I believe this is primarily because most Shareholder Proposals are made to large megacap firms in the S&P 500, and these are the kinds of topics advocated by shareholders of such companies in recent times. However that is not to say that other types of proposals cannot be put forward, such as in relation to business strategy and even a company's stock e.g. the one made above by Mr. Shepard to Donegal Group Incorporated. + +Lastly, note that I checked through all the Proxy Statements of GameStop going back to when it first IPOed. As far as I could tell, there has never been a Shareholder Proposal put forward to be voted on by the larger shareholder body. I also looked through those of several other companies described by some as "meme stocks", and found that to also be the case for those, with some rare exceptions. Where such Shareholder Proposals did make it to a vote, the topics covered were fairly mundane e.g. almost exclusively ESG related. + +&#x200B; + +# 3. Successes and failures of Shareholder Proposals + +The same Columbia Business School blog shared in the previous section - 'The CLS Blue Sky Blog' - also contains valuable data on this topic: + +[https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season](https://clsbluesky.law.columbia.edu/2022/07/29/gibson-dunn-discusses-shareholder-proposal-developments-for-the-2022-proxy-season)/ + +https://preview.redd.it/i8v40074v0l91.png?width=1767&format=png&auto=webp&s=1ec65e76eb92496ce59f58d499a8a6271b1da7c1 + +Hence this year exactly half of the Shareholder Proposals put forward made it to a vote, with an average 30.4% voting in favour. Overall, only 6% of Shareholder Proposals gained majority support, which sounds like a rather low figure. However it should be noted that the vast majority of these proposals are made by retail shareholders of stocks that have very high institutional ownership. For a stock with very high levels of retail ownership, and an unprecedented proportion of that being direct registrants, my conjecture is that positive voting is likely to be higher than the 30.4% average even now... + +Of course in order to make it to a shareholder vote, such proposals need to first pass through the screening carried out by the company. The data on the "no action" requests made to the SEC, meaning asking for the Shareholder Proposal to be excluded from voting, is also interesting to note: + +https://preview.redd.it/eyid7x67v0l91.jpg?width=1768&format=pjpg&auto=webp&s=086a9635b8a9238ab370a2d7ab333f32877d3e75 + +Seemingly companies only seek to have about a third of Shareholder Proposals rejected. This year the SEC then actually agreed in favour of the company's view in only 38% of cases, a sharp decline from 2021. So it appears to me that a firm minded shareholder, who sticks to their guns and does not withdraw their proposal after making the initial submission, actually has a good chance of having their Shareholder Proposal being heard and then voted on by the general body of shareholders. + +&#x200B; + +# 4. Why do companies always recommend voting against Shareholder Proposals? + +[https://www.nytimes.com/roomfordebate/2010/11/15/investing-in-someone-elses-lawsuit/more-money-into-bad-suits](https://www.nytimes.com/roomfordebate/2010/11/15/investing-in-someone-elses-lawsuit/more-money-into-bad-suits) + +***"The United States spends about 2.2% of its Gross Domestic Product, roughly $310 billion per year, on litigation."*** + +\- New York Times, 16th November 2020 + +In such a climate, is it any wonder that corporations are naturally wary of making decisions or carrying out actions that can be construed as potentially litigious? Certainly any potential misstep - or even a well thought out business decision that could be seen as controversial - has the potential to quickly result in lawsuits. An example is the just filed Securities Class Action that I reported to the sub over the weekend, against Ryan Cohen and another company he recently had (has?) an interest in: + +*(Note: This post was removed with the reason given being overly related to that other company. If you are interested to learn the details, see my post history.)* + +https://preview.redd.it/im3usrifv0l91.png?width=1768&format=png&auto=webp&s=85da36e12a48c2227a75b47673eb965f739f2d1b + +In section 2, I shared my finding that corporations invariably recommend for Shareholder Proposals to be voted against. I conjecture the reason for this is threefold. The first being that recommending a vote for a proposal could be interpreted as company management not doing their jobs well and coming up with these ideas themselves. However the second reason, I believe, is that recommending a vote for a certain Shareholder Proposal could result in adverse knock-on effects. + +Companies take many months of careful and considered planning for each of the proposals they themselves include in Proxy Statements. The strategies and actions advocated would typically be analysed and re-analysed by an army of lawyers, to determine all the potential blowback and how those could be dealt with. Hence to recommend voting for a Shareholder Proposal would, in most cases, be seen as an unnecessary risk without carrying out similar due diligence. + +The third reason, I believe, is the danger of setting a precedent that a company may then feel they must follow going forward. For example, if advocating in favour of a certain type of Shareholder Proposal, they may then feel pressurised if a similar propoal is put forward in the following years. Therefore however meritorious a certain Shareholder Proposal may be, from a risk management perspective it still makes more sense to revert to the default and recommend a vote against. + +The fourth and final reason I could think of is simply the danger of going against the grain of how Corporate America operates. As the default appears to be for companies to always recommend voting against Shareholder Proposals, to follow a different approach would do more than just raise a few eyebrows. This in combination with the other reasons outlined above means the risks, including those of Securities Class Action Lawsuits, makes it almost impossible for corporations to recommend voting for even the most sensible Shareholder Proposal. + +&#x200B; + +# 5. What would GameStop do, if someone puts forward a Shareholder Proposal that could help trigger MOASS? + +For the reasons explained in the previous section, it is my firm belief that any Shareholder Proposals put forward to GameStop would be met with the same outcome: a recommendation to vote against. Even if a certain proposal is advantageous for the company if enacted, undoubtedly the recommendation would be for a vote against. If that proposal specifically is to help the company shed the shorts, especially for that very reason, the strength of recommendation against would undoubtedly be even louder than usual. That is entirely to be expected, of course, as GameStop showing favour to such a proposal would result in a list of lawsuits as long as Kenny's nose at a Congressional Hearing. + +One need only look at past attempted directed interactions by individual shareholders to GameStop, to see how carefully they are treading. Some of you may remember me publicising at the end of last year the actions carried out by u/jasonwaterfalls96, in his attempts to have GameStop release the vote count from the 2021 Shareholders Meeting. His litigation action of course ultimately failed, following months of GameStop avoiding all attempts of cooperation with the information requested. + +[https://www.reddit.com/r/Superstonk/comments/qoq6c2/could\_ujasonwaterfalls96s\_legal\_action\_against](https://www.reddit.com/r/Superstonk/comments/qoq6c2/could_ujasonwaterfalls96s_legal_action_against)/ + +https://preview.redd.it/p1fpykhrv0l91.jpg?width=1768&format=pjpg&auto=webp&s=6fb0761b229f05e66303d18bdd00f462a49ac40e + +More recently, numerous shareholders have reached out to GameStop's Investor Relations department, regarding the errors by brokers and the DTCC in distributing the stock split in the form of a dividend issuance. As far as I am aware, no-one has received a response to an individual attempt at engagement, despite numerous attempts. The company did of course issue a follow-up announcement clarifying and confirming their original issuer event, however not a response to any individual communication. No doubt prior to them even releasing this, the announcement would have been checked numerous times by GameStop's lawyers, to ensure it was as airtight as possible. And of course, since then...not a peep. + +Why the extreme caution? It is almost as if GameStop does not want to take "picking the low hanging fruit" paths towards MOASS. However, thinking logically and reasonably, that is not a surprise at all and entirely to be expected. The more likely a certain trigger event could cause MOASS, the less likely GameStop would be anywhere near it, for the likelihood of being sued as explained above. The manner in which Ryan Cohen and GameStop has operated since this saga began would suggest that they wil continue taking actions that cannot be construed as in support of MOASS. + +&#x200B; + +**This is a two part DD, and this is PART 1.** + +**For PART 2, please go here:** + +[https://www.reddit.com/r/Superstonk/comments/x29ull/how\_rule\_14a8\_and\_drsing\_more\_than\_50\_of\_shares/](https://www.reddit.com/r/Superstonk/comments/x29ull/how_rule_14a8_and_drsing_more_than_50_of_shares/) +OP here: [https://www.reddit.com/r/fatFIRE/comments/gbk3nu/from\_welfare\_to\_1mm\_at\_31\_first\_fat\_milestone/](https://www.reddit.com/r/fatFIRE/comments/gbk3nu/from_welfare_to_1mm_at_31_first_fat_milestone/) + +20 months ago, I crossed $1M in net worth and got a ton of love. Wanted to share an update it's EOY and been quite the ride since May 2019. Some updates - + +Fortuitously, the startup I worked at was acquired and I made a hefty 6-figure return on my options. Between that and COVID forcing full remote by May 2020, my wife and I left the Bay Area for another state. As you've probably experienced yourself, real estate equity appreciated fast which worked out well for us. + +I kept my saas sales job and made a lot of cash in 2020 and 2021; both years were >$500k W2s so we bought an apartment building in the midwest for cash-flow and to "test" out of state REI. + +Ultimately, our net worth has ballooned from $1M to $2.7M in 20 months and is now comprised of: + +1. $900k in taxable robo/indexes +2. $700k equity in San Jose triplex +3. $450k equity in primary home +4. $200k equity in apartment cash-flowing $10k-$30k/year depending on expenses/vacancies +5. $200k in retirement robo/indexes +6. $150k in current company ISOs, startup syndicate investments, and BTC/ETH +7. $100k in cash + +What I've learned from real-estate: + +* Thousands of people made millions of dollars by buying before or at the beginning of COVID. This is luck. +* Managing a property in an upper-end market is easier than expected. Tenants are easy, friendly, communicative, etc. I know there are plenty of stories that say otherwise, and our luck eventually will change, but we paid a premium to be in a great neighborhood and have thus far attracted super high quality tenants. +* Managing a property manager for the apartment building requires weekly calls to ensure they follow through on everything. They simply aren't on top of things as much as you'd like them to be. +* For the apartment building, unit turnovers are more expensive than forecasted, CapEx is more expensive than forecasted, property taxes are more expensive than forecasted, and vacancies are higher than expected. It's a Section-8 tenant pool so we're learning a lot! Luckily it's a high enough cap rate to ensure we cover expenses even with the above. + +&#x200B; + +What I've learned from indexing: + +* Wealthfront UX is so much better than Fidelity, Schwab, etc. when it comes to pretty much anything. Schwab back-office is friendly but everything feels like it's stuck in 1998. Physical signature on paper, faxing/mailing documents, multiple 1-800 numbers, etc. +* Schwab outperformed Wealthfront this year by 1% for a similar portfolio allocation. I believe this is due to 0% management fees and their portfolios are more US-weighted vs Wealthfront being more internationally weighted. +* Time in the market > timing the market. We made large deposits in May 2020 which performed great but being invested for all of 2021 still produced a better return. + +&#x200B; + +What I've learned from startup sales: + +* Choosing a company that has a big exit is 80% luck. +* The 20% that you can control should be evaluated through the same lens a VC would; team, tam, and metrics. Plenty of great reading online about this. +* Choosing a hot space ensures more venture funding which fuels marketing spend which increases sales leads which pays big commission checks. :) +* Venture success breeds success and the top 3 saas VCs (accel, sequoia, a16z) just have better access to everything. Getting top 1% talent and customers becomes way easier when someone like Marc Andreessen is on your board. +* Even if you join a startup early, big commission checks will always move the wealth needle than your equity (unless you happen to be at a $10B exit as first sales hire). Counter point is that tax treatment for stock is more desirable than W2 income. +* There is no better work/life balance or income potential/effort required than saas sales. You get paid 6 figures just to show up to work as a salary. Unreal. + +&#x200B; + +What I've learned from "being rich": + +* Access to cheaper debt. Schwab/Wealthfront offer PALs for 2.5% and are very available. Commercial debt is cheap af; our loan for a 10 unit out-of-state apartment building is 3.2%! +* Underwriting for commercial property is comically low compared to purchasing residential property. We were approved by supplying three W2s and my schwab statements. +* When your company gets acquired, rich employees are considered "qualified investors" which means you might have the option of receiving the acquiring company's stock in comparison to cash. Everyone that got cashed out paid income tax on the full amount, and in California, that was almost a 50% bite. Instead of cash, I got stock and sold it at a higher price than the acquisition and paid less in taxes because of long-term capital gains, netting me 30-50% more than my colleagues. +* If you join an early enough startup, you might be able to 1) pre-pay for all 4 years of stock options and 2) qualify for QSBS (until it gets axed). Not everybody has $100k to prepay all 4 years of their stock options, but the payout could either be 0% federal taxes (QSBS) or at a minimum, 100% subject to long-term capital gains since my clock already started. + + +Anyway, hope this is helpful to all of you fatty's trying to retire early! +BlackRock released their earnings report today, source: + +[https://s24.q4cdn.com/856567660/files/doc\_financials/2021/Q1/BLK-1Q21-Earnings-Release.pdf](https://s24.q4cdn.com/856567660/files/doc_financials/2021/Q1/BLK-1Q21-Earnings-Release.pdf) + +&#x200B; + +Assets under management Q1 2020: $6,466,668 million + +Assets under management Q1 2021: $9,007,411 million + +&#x200B; + +Revenue Q1 2020: $3,710 million + +Revenue Q1 2021: $4,398 million + +&#x200B; + +Attributable Net income Q1 2020: $806 million + +Attributable Net income Q1 2021: $1,199 million + +&#x200B; + +Obviously the last YoY quarter we had the march 2020 crash and valuations were not looking so good, this should be considered when comparing YoY AUM. +Hey Everyone, + +I just wanted to talk a bit about Stellar. Call this is a shill post if you will, but I'm genuinely interested in this cryptocurrency and truly believe in the potential behind it. I really do encourage all types of discussion, so if you do not agree with some of the points I make, I'm definitely all ears. + +When it comes to Stellar, they have a number of a great things going for them. For starters, their payment system is honestly amazing. They can allow people, banks, or anyone, to make payments to anyone in the world(can be both fiat and crypto payments), within 2-5 seconds, for pretty much free (the fee is 0.00001 XLM lol). In this case, it's similar to Ripple, however Ripple stands for everything crypto is NOT supposed to be, while Stellar is the true counterpart (created by Jed Mccaleb) and is registered as a non-profit. They also do not hold any of the outstanding XLM for themselves, but rather will be distributing the lumens over the years to potential partners in order to encourage adoption. + +In addition to this payment system, one of Stellar's biggest selling points is it's asset exchange system. You can pay somebody in USD for example, but if you want them to receive in EUR, they will receive it EUR. This is where the potentially truly lies...instant cross asset exchanges. Starting off, Stellar will only be focusing on currencies, but imagine a world where you can instantly exchange any portion of your stock(yes any percentage, does not have to be a whole one) for, lets say, a French dollar. So, not only can you make instant payments, but you can turn this asset into any other asset along the way! Another point, which many might not know, is that you can ICO off Stellar! There have been a few to date, but I'm sure many more will be coming this year. + +Now that I've covered the basics of the tech behind it, I wanted to explore the adoption of Stellar a bit. Here is what they have going for them: + +1) IBM partnership for global payments which is focused towards bringing big banks on board + +2) Stellar itself is focusing on banking the unbanked in developing parts of the world, which is a HUGE market, as well as signing up remittance companies (currently remittance companies charge a very high fee, and they can get around this with Stellar) + +3) According to a recent interview with Jed Mccaleb they are working with partners to launch a global venmo...imagine having the power of something like at your disposal + +4) Partnered with Deloitte, one of the biggest accounting firms in the world + +5) Stripe - They have invested in Stellar, sit on the board, and will most likely add support for a lumen payment option + +6) FairX and SDEX, which is speculated to be a fiat to crypto exchange launching soon. + +Future seems bright! Thanks for the read everyone, appreciate it. +Hello everyone + +I own property in Ukraine that i have to fully pay off, because interest rates are insane. 10 - 15% is absolutely normal there, while most EU countries have somewhere between 1 - 3%. If ukraine ever gets to join, will the interest rates also go down to these levels? Because if they would, id assume a huge price increase in my property. Does this make sense or no? +I think griffin and point72 Cohen are publicly élit fighting each other in the open and no one is noticing + +I strongly believe that point72 Cohen wants to throw Kenny under since he’s the one and only face we constantly blame for our beloved stock. + +I suspect the elite agreed on throwing citadel and Melvin under the buss in the upcoming boner. However, Kenny doesn’t go down without a fight. lately we’ve been seeing a lot of memes of point72 Cohen circulating around in superstonk and numerous dd trying to wake the interest of the public in point72 involvement (since they were lowkey hiding in the storm) + +Furthermore we notice an uptick of Twitter trending #darkpoolsabuse which is another citadel push against point72. + +Then LinkedIn public posts against citadel rise. + +And all of sudden we have someone talking to Charles pain the day after how (citadel is abusing the dark pool) and not getting enough fines. + +I strongly believe that HF are canabalizing against each other publicly (rich man style) at the moment + +There’s nothing to proof here, just a hunch but a bloody string one. We might see citadel die in the upcoming weeks and claim the squeeze is over. + +But it won’t be. + +Someone push left, someone else pushes right. They’re fighting publicly and they want to throw each other under the buss & I’m loving it. +Everything regarding NFT and a possible dividend at this point is pure speculation. Keep in mind to not be disappointed if the NFT things do not play out the way you imagine it. + +The most likely usage oft NFTs in the gaming industry will be to make digital products like games resellable. + +This would still be revolutionary and bullish AF for our company. + +Getting disapointed when the NFT thing turns out differently than expected has the potential to be the ultimate FUD. + +Just stick to the DD, buy, hold and manage your expectations. +What Warren Buffet calls the ‘economic moat’ we refer to as ‘competitive advantage’. The term refers to a companies ability to keep competition at bay over the long term life cycle of the business, maintain majority market share and favourable economics. What force is stopping or limiting the competitions capability to compete? What stops the competition from cutting their lunch? A company can have one or more of the five types of economic moats: intangible assets, cost advantage, efficient scale, switching costs, network effect. + +Here are Some examples of the economic moats/competitive advantage of some companies (or what I believe to be the moat) : + +Apple — Apple’s brand power, the belief in its product superiority by consumers and its ability to create a large cult following, allows the company to price its products at double the competitions and still outsell the competition in the market place. + +Coca-Cola — The powerful brand behind Coke gives them the ability to demand higher margins and outsell the competition. Coke the brand is directly associated with happiness. Coke is a product where the customer will reject the competitions equivalent at a discount, and buy the Coke product at a premium. + +Intel — Intels vertical integration and its operations across the entire supply chain line in the chip sector, gives intel the ability to outdo the competition on every level and hold majority market share. One year intel will focus on chip innovation, the next year it will focus on production innovation and capabilities. Despite fierce competition from AMD and NVIDIA, intel has maintained its market share of the industry. + +Amazon.com — Amazon is an operating system for society and daily lives of individuals. It has created a cult following who truly believe Amazon is a necessity of life equal to water, food and oxygen. Some Amazon prime members have and do become suicidal when they lose access to their account. The brand has made itself into an integral part of the day to day lives of individuals, and has made life without Amazon inconceivable for its customers. + +Facebook — Facebook takes advantage of network effects, product and brand power. As more people start using Facebook, then more people will be attracted to Facebook because their friends and everyone they know use it, it becomes a social necessity. Facebooks product and brand is so powerful, even its strongest and fiercest critics still use it. + +[Economic Moats](https://www.investopedia.com/terms/e/economicmoat.asp) +Hi + +Here is my analysis on on $TXRH + +**Part 1** \- Preview. + +TXRH is a casual dining restaurant chain founded in 1993 by Kent Taylor, TXRH opens it's locations in stand alone locations and not in malls, focused on dinner only, with only some locations serving lunch in some days of the week. In the last few years they started 2 new concepts, Bubba's 33 and Jaggers. + +**Part 2** \- Crunching the financial number of the past 20 years. **(most numbers are rounded up)** + +TXRH opened in 1993 and IPO'd in 2004, in 2004 they had a total of 107 company locations and 86 franchise locations all in the USA. As of Q3 2022 the company has 587 company locations and 98 franchise locations, in the USA and in 10 more countries. + +In 2002 the net revenue of the entire business was 10.9 million $, and in 2021 it was 245.2 mill, a CAGR of close to 17%. Their FCF CAGR is very similar to their net revenue CAGR throught out the years. + +SH equity (all assets - all liabilites) in 2003, 43.5 mil $, in 2021 1.03bil $, a CAGR of 18.3% + +SH net equity (net tanigble assets - all liabilites) in 2003, 41.4 mil $, in 2021 945 bil $, a CAGR of almost 18% + +Their average ROA (calculated as net revenue/net tanigble assets) in the past 10 and 20 years is about 10%, the ROA isn't accurate since the company values all it's aquired land at cost basis. + +ROE (calculated as net revenue/SH equity) has been improving constantly, in 2004 (no data for 2002 and 2003 was very high) less then 8%, In 2021 almost 23%. + +ROIC (calculated as net revenue/all assets+all debt) has been improving constantly, in 2004 (no data for 2002 and 2003 was very high) less then 4%, In 2021 21%. + +TO (turn over) ratio has improved constantly from about 2600% to well above 4000% since 2015 and even during covid their TO ratio was 3500% in 2020 and 3600% in 2021. + +**TXRH has a very strong brand recognition, and a very loyal fan base,** this we know just by the fact that they don't do national advertising, their marketing expense in 2002 was just 2 million $ and in 2021 21 million, and in 2021 they had well above 3 billion $ in sales. They charge 0.2% advertising royalty from gross sales from their franchisees. Their total marketing expense to sales ratio is well below 0.001%. + +For comparison $DRI (darden restaurants, owners of long horn, olive garden and a few more concepts) marketing expense in 2002 (then they still owned Red Lobster) was 187 million, throughtout the years DRI marketing to sales ratio was above 4% and only in the last 2 years did they scale down on marketing expense and in 2022 it was 93 million still close to 1% ratio to sales. + +Wingstop ($WING) charges it's franchisees a royalty/fee of 5% from gross sales for marketing expense (besides a 6% royalty of gross sales). + +Another great financial analysis of TXRH great internal growth and efficiency is their SG&A to sales ratio, improving almost each year from 1600% in 2003 to 2200% in 2021. + +TXRH Total Sales - 363 mil in 2004 - 3.4 bil in 2021, CAGR 14% + +TXRH royalty from franchises - 8.8 mil in 2004 - 24.7 mil in 2021, CAGR 7% + +TXRH company sales per comapny locations almost doubled from 3.3 mil in 2004 to over 6 mil in 2021, CAGR of almost 7%. + +And here is the amazing stat, Net revenue of the total business divdided per locations, (company and franchise locations, just to check is the company getting more efficient as it's growing) goin up X5 from 72,000$ in 2004 to 368,000$ in 2021. + +And if we actually want to calculate the company's NR of company location per company loctation, excludng all franchise income (there's no exact way to know this number, since the NR in the income statement is after interest and SG&A paid for operations for franchise and taxes paid for rayalties, but if we calculate NR minus all royalty income and divide it per company licationn, we'll get a **mininmum** of NR per company location). By this calculation, NR per company location in 2004 was 46,830$ and 389,620$ in 2021 an 8 fold increase of **internal** growth. + +There's more ananlysis and comparing TXRH numbers to $DRI as a whole, and to olive garden and longhorn as seperate segments, and also to $CMG and $wing here. + +[https://www.youtube.com/watch?v=KVIm8CTt1ds](https://www.youtube.com/watch?v=KVIm8CTt1ds) + +Part 3 - Understanding the story. + +TXRH has a very speciall culture starting from HQ going down to management and employees, TXRH calles their restuarant managers managing partners, as each manager get's 10% of his restaurant income besides a salary. + +TXRH has mangers who oversee their restaurants, product coaches, and a 16 week training program for new managers (compared to 4 weeks at $WING). + +Each year the best manager is awarded manager of the year recieving a 30,000$ bonus (last years amount). Also TXRH does each year a meat cutting competition, with the winner receiving a bonus, and a lot more. + +TXRH is known for it's made from scratch sides, each location has a local meat cutter, they're famous for their free great rolls and free peanuts (coivd changed the peanuts), their line dancing, and birthday ceremony on a saddle. + +TXRH migh not have the best of the best staeks (from all my research it seems that longhorn has a little better score than TXRH) but their fan base loyalty is way better than all their competitors. + +US Camp Humphrey's in S. Korea made a survey which full service restaurant the soldiers want to bring to base, and TXRH got the first slot. + +A great interview of Kent Taylor - [https://www.youtube.com/watch?v=dJOMhk1AuV4&t=0s](https://www.youtube.com/watch?v=dJOMhk1AuV4&t=0s) + +For more on TXRH culture history and moat and a lot more you can check out this video. + +[https://www.youtube.com/watch?v=hgww4yIxeEc](https://www.youtube.com/watch?v=hgww4yIxeEc) + +Part 4 - Q&A with investors relation. + +I had a few questions about the future of the company, is the company planning on opening up locations in malls, and why are they opening up in malls in Dubai and other places and not in the US. Why didn't they open locations in Canada and Europe. What's the future for Bubba's and Jaggers, and a lot of more questions. + +The full Q&A with investors relations - [https://www.youtube.com/watch?v=a0tXrK0dIeQ](https://www.youtube.com/watch?v=a0tXrK0dIeQ) + +Part 5 - Current analysis + +IMO TXRH is a high quality company that I would like to own, it isn't a great growth company, but it's a good company that's getting better and better as a business, and its moat is widening from year to year, IMO TXRH moat is better than $CMG, but that's just my opinion. + +As of now the SP is trading at 95-100$ which is a PE of around 28 which is expensive for sure. + +What's a good price to buy the stock depends on how much the investor wants to compound, and depends on if they're willing to bet on the success of Bubba's and Jaggers, and how much locations the company will have in 10-20-30 years, and how much will the NR per location be in the next 10-20-30 years. For more info on this issue - [https://www.youtube.com/watch?v=qoICioxhze8](https://www.youtube.com/watch?v=qoICioxhze8) + +Part 6 - Short conclusion - [https://www.youtube.com/watch?v=ajbpXS4ck9Y](https://www.youtube.com/watch?v=ajbpXS4ck9Y) + +Thanks for reading and GLTA!! +The stock currently trades at about $5, with a $400M market cap. Ryan Cohen took a position in the company back in March of this year, and a lot has happened since then. Earnings were garbage as expected, and cash was being burned at an extraordinarily high rate. The former CEO Mark Tritton is gone as of a few weeks ago, which could be viewed as good news as he was responsible for the irresponsible share buybacks that put the company in debt in the first place. A sale of Buy Buy Baby is actively being discussed, although what it would be sold for remains to be seen. I've seen projections anywhere from $500M to $3B. I think the stock makes sense as a turnaround play given how bad management was before Cohen got involved, but I want to hear some other opinions too. I do think there is still a risk of bankruptcy, but that the current stock price makes it conceivable to accept that risk. +I figured that since internships are starting soon for many college students, and I personally don't feel like I have a handle on Excel's full capabilities yet, this would be a useful question for the community. I would also be interested in useful functions on the Bloomberg Terminal or Morningstar Direct. +Hey r/Superstonk ers + +You've probably seen a lot of incidents over the last few months of huge blockchains / sidechains 2 platforms losing users' hundreds of millions of dollars. **For a public company like GameStop, an incident like this is completely out of the question.** + +We've seen the impact that closed or opaque financial systems can have on everyday end users. Incumbents and banks win. Everyday people lose. + +Our CTO spent the last week typing up this article on the security of a few major L1 / L2 platforms which focus on NFTs. [https://immutablex.medium.com/a-guide-to-nft-platform-security-30d7129cedd3](https://immutablex.medium.com/a-guide-to-nft-platform-security-30d7129cedd3) + +Security is incredibly tricky, but it's of paramount importance to us at Immutable - and we think it's incredibly important that everyone knows that their assets and funds are secure. The whole point of decentralization is to empower people with true ownership and financial sovereignty - that no one, including bad actors, the government, or nefarious actors can take. + +Would love to take thoughts / questions in the comments and help share further. + +Robbie ([0xferg](https://twitter.com/0xferg)) +Stayed at a motel this weekend in a very rural area. Old school place, old school owners. It had good, long term reviews. + +The front desk/ owner wrote my credit card number on a piece of paper in case they need to charge it for any damages/additional charges after my stay. I asked if they shred the paper, and they said “Yes don’t worry.” + +I had to check out the next day before they open, so I wasn’t able to check if they shredded it or not. + +I have since locked my credit card, and am thinking of possibly getting a replacement. + +Am I being too paranoid about this? +[https://www.wsj.com/articles/drone-strikes-spark-fires-at-saudi-oil-facilities-11568443375](https://www.wsj.com/articles/drone-strikes-spark-fires-at-saudi-oil-facilities-11568443375) +tl;dr - trading CFD's is the equivalent of drag racing your drunk mate down the freeway into oncoming traffic. No self respecting adult would bother with them, CFD's are for cocaine-snorting thrill-seeking morons (like me apparently) who have no respect for risk management. Don't gamble with your savings. + +&#x200B; + +**What are CFDs** + +CFD's are 'Contracts for Difference'. Very simply, if you have a trading account with the right permissions you can trade in CFD's. + +**Why are they dangerous** + +Because say you trade $250, on a normal trade (ie stocks etc) if the price falls by 10% you lose $25, which sucks but isn't world ending. CFD's are NOT like that - they are 'leveraged' which just means that if you put up $50 your exposure is many many many many times larger than that + +***EXAMPLE*** + +You buy 50 contracts on a stock that is trading at $100 a share.The stock then drops $10 in value.Your exposure is (50 \* 100) = $5,000 **BUT** because your 'margin' is only 5% of that, the initial amount you put up is a mere $250. + +So to illustrate: + +**Stock Trading** + +Initial Investment - $250 + +Value drop - 10% + +Loss - $25 + +**CFD Trading** + +Initial investment - $250 + +Value drop - 10% + +Loss - $500 + +&#x200B; + +**Closing remarks** + +These things are illegal in the US for a good reason. + +CFD's are for suckers, don't listen to anything that you hear to the contrary. EU regulators say that 76% of CFD accounts lose money. Let me say that again, **76% of these things lose $&\*#ing money**. If the odds at the casino were 1:4 there is no fkn way anybody would go. When you trade CFD's you are essentially just gambling but with WAY WAY worse odds.Cited: [https://www.iexpats.com/76-of-cfd-traders-lose-money-on-their-deals/](https://www.iexpats.com/76-of-cfd-traders-lose-money-on-their-deals/) + +You can't make long investments with CFD's, they aren't a long-term strategy and they are not part of ANY investment strategy with a reasonable risk profile. Please don't make the mistake I did and get sucked into trading them, it's stressful as hell and it is pure bravado driven bullshit. + +&#x200B; + +Stay safe out there folks, times are nuts + +Edit 1: Formatting got stuffed up + +Edit 2: Fixed the maths - cheer to those who pointed it out +I’m 24 in my last semester of college and will be working full time at Microsoft doing coding. + + +I’ll have more income than I even would know what to do with and one thing I have been hearing to be “smart” with money is the potential to buy a condo early on in my life and sit on it. The reasoning is the amount that I would pay for a mortgage would be only about $1k more than what I would rent for a very nice 1 bed room in Seattle. + + +However, as I am new to this all I do want to make sure I use my money as efficiently and wisely as possible. I have about $25k in student loans and not that much credit card debt and I have paid off my car in full already. + +I am just wondering what the feasibility of this route is or is just better to rent and then take a mortgage for a nice house instead. I am also single with no dependents. + + +UPDATE: Thanks everyone for the advice! I’m meeting with another financial planner later today but I’ll tell him about what I have in mind and some ideas from this thread! +I often see comments as "oh it's only 5 dollars higher" when buying a call at the next strike with stocks that only have intervals of 5. + +% otm matters more than the actual dollar difference. a 60C with a stock that's at 55 is 10% otm which is a pretty big jump. remember that when picking your strikes. +My husband and I are on track financially to be able to take early retirement from our government jobs at 57 (we've both maxed out our TSP accounts since we started working and have other investments, and a house we can afford). +But man, two months into maternity leave I am crawling the walls from the lack of structure. Don't get me wrong - I LOVE that I'm able to spend this time with my son and watch him grow and develop. But the general uneasiness with lack of structure to my days and mental stimulation is HARD. It's really made me re-think what an early retirement would look like. Travel would be fun for a while but then I'd definitely need something more structured to fill my days, be it volunteer work or something else. +Anyone else experienced this? How do you plan to fill your days once you retire early? + +EDIT: Ahhhh this thread really blew up! Thank you all for the mostly supportive comments and letting me know that this is somewhat normal and VERY different from retirement. +We believe that well run households, like businesses, should use leverage appropriately. However, as we go into the new year, we’re struggling to decide what metrics and targets we want to use as we debate adding or retiring debt in this low interest rate environment. + +we’ve been using really simple targets chosen from a quick and dirty sim we ran a decade ago (Debt to assets kept under .5, no high interest debt, no debt on toys, and we dont count depreciating assets as assets) + +but how do y’all think about leverage on your household finances? +I’ve been working doing manual labor, in retail, food service in some combination for 15 some odd years. +For the first time in my life I have a full time job, in a less aggravating environment, that gives overtime. +I opened my check and I hadn’t kept track of the overtime hours I worked, and didn’t know how much it was for. I know it may not be a deal for many (why I’m subbed here) but it was a FOUR FIGURE NUMBER. I was moved to tears, the sense of relief from being able to have a job that can help me move up instead of just treading water is unbelievable. I don’t have friends, so thanks for reading and letting me share my happiness. +It’s more than just the money I think, it’s what it represents, things are looking up. + +Edit: holy moly! Was less than expecting this response! I’m trying to respond as much as I can but alas, IM AT WORK! 😆 I will look through every message as I can. This community is more supportive than I could have hoped/expected. Thank you everyone for the kind words, and Thank you kinda stranger for the gold!!!!! And for the silver!!!! (Username to go here) I dunno how it works (2nd ever and I think I wasted the first one?) but I’ll figure it out! Thanks again FRIENDS! + +Edit 2: didn’t even mention sorry! Through friends of friends I heard about a certification class for security work. After putting my hat into the ring for consideration, about 6 weeks later I was asked to pick up a shift. Within a month I was certified with all the bells and whistles they required (proper ID, background check, fingerprinting, educational course) and got trained. They liked me and kept me on, they were short handed at the time so I was able to prove myself over those first few weeks just working weekends while trying to figure out how to keep working at the job I had. It was pet retail with a revolving door of terrible managers, and closing in on the holidays, so they wanted to push me around and say I wouldn’t get hours if I wasn’t available for the days I needed off for the new job. I pretty much called their bluff, and they gave me crappy hours to just be on register. I had been working for the company for years was certified to work with the animals themself (cleaning cages to giving medicine) but they constantly put me as cashier because I was more efficient and my customer service, I’ll brag, is above par. So I just waited, biding my time until I got the full time offer at the new job, and then gave my two weeks. They were floored, panicked even? When the two weeks were almost up, my store manager told me the team didn’t want me to leave and asked if I was interested in picking up hours when I could. “I’ll let you know” I said as earnestly as I could, catching a little bit of feels despite myself at my team speaking up for me. That was the last I spoke to him. + +Now THAT felt friggin good. + + +P.s. sorry for grammar spelling and formatting mistakes. +I see a lot of posts here from people with high earnings and savings, almost unbelievable posts perhaps. This one is a little more modest and geared towards lower/median earners, our joint income is circa 40k+ote. + +Edit. My partner works part time due to ill health the income split is near to 80/20. Thanks for all the positive feedback :) + +For people in the same or less fortunate position. You're not alone, there's lots of good and well intentioned advice here but I felt maybe just writing about my experience and what goals I set for myself might help encourage those who wish to go on a similar journey my 20s were spent living paycheck to pay check and honestly it's no way to live. + +Long before the cost of living squeeze came in I decided that I was sick of the amount it was costing us to live every month and began taking steps to drive down my committed and optional monthly spending. + +Sky TV +TV licence gone +Amazon prime gone +Mobile phone bills are reduced by 50% for myself and my partner, could have gone SIM only but old phones were struggling with battery life and cracked screen etc. Used work discount to get a further 20% off the new contract prices. +Fixed our energy costs for 2 years last September so thankfully we aren't being affected by that right now. + +Netflix/Spotify/Xbox were the only subscriptions we kept. + +Both of us working from home meant cutting back on lunch expenses and coffee etc it all adds up. + +Did a month trialling buying the cheapest versions of the food and ingredients we liked to see what we could cut back on and each week worked our way up. (An entire trolley of own brand products first in the first week some of which were abysmal some of which were great) replacing the things we didn't like with the next expensive brand until we found quality we were happy with. Same with toiletries, loo roll etc (ouch for the first week, was like sand paper. Nicky brand from home bargains though, better than some of the main brand and half the price for twice the volume!) + +With all of the savings we made we then began to roll that into paying off our car finance nearly 3 years early (saving more in interest than I would have earned by putting it in savings). + +Now looking to redistribute the new surplus cash into an easily accessible pot to pay forward for example, we purchased a new washing machine and expect it to last 5 years, expecting the replacement to cost £300 meaning if we put £5 per month to this "pot" with the sole purpose of replacing it we then won't have to rely on taking from our savings or having to use credit to fund this "unexpected expense" + +At the start of this journey used a debt management budget planner from stepchange as it has things on there that you will absolutely overlook when trying to work out expenses on your own like going to the dentist. It's worth having a look at their templates to give you guidance. + +Anyway if you managed to get through all of this waffle, well done and thanks for reading! +I started my job in 2015, making $45K. Three years and a few promotions later, I'm at $85K. My paycheck is nearly double what it used to be, I've almost entirely avoided lifestyle creep, and the majority of that increase is going straight to retirement/other investments. + +I still find myself feeling like its not enough. Like, I'll find myself scrolling through part-time weekend jobs seeing if there's anything I can pick up to pull down a few hundred more dollars a month. There's no real reason for this- I'm underpaid at work, but not severely, and I have no major purchases or life events I'm saving for/putting on hold because I can't afford them. + +Anyone else feel this way? What gives? How do you put those thoughts to bed? + +EDIT: Wow, this blew up. I couldn't possibly respond to every comment here, but I'm trying to read them all. Thanks PF for the insights, good and bad. It's been a helpful read. +So, I finally got my first paycheck yesterday. (I had to wait for my pay card which is why it came Monday instead of Friday.) It’s only about $71 because I only worked two days on it. I am terrified to spend it. I woke up this morning, and I’m hungry, and I know the logical thing to do is to go get some food, but I’m so scared. What if I spend the wrong amount? What if there’s an emergency, and I need it? + +My brain won’t shut off, so I just sit here and stare at it in my account and don’t do anything. Part of me wants to go out and buy the most lavish meal, but clearly that’s not responsible. The other part of me wants to buy $1 ramen. I have no idea how to budget. I have no idea what I’m doing here. Any and all advice is welcome! I’ve dropped a list of things I need down below, and if someone could help me decide what is priority and what can wait I would appreciate it. + +List of needs: +Food +Water (clean drinking water isn’t always available while homeless) +Shelter (hotel rooms are too expensive, but I may be able to find something on Airbnb) +Gym Membership (so I can have a shower when I have no place to stay) +Clothes (I need new clothes for work. I only have two outfits.) +Shoes (my tennis shoes have worn down to threads and I am now wearing my work flats everywhere and they are starting to look bad) + +That’s basically everything I can think of. If you’ve read this far, thanks for listening to me ramble. I’m just having a mini freak out. +Hint: He did this one time previously in 2013, what was the stock price the last time he did this, and what was it a few months later? +http://www.businessinsider.com/tesla-stock-elon-musk-short-sellers-tweet-2017-4 +I feel different this time… the simulation is lining up, the stars are aligning, so many hints and clues. I think this is it. THIS is the MOASS. This is when diamond hands be tested and forged. Seeing market halts every 15 minutes as we jump $1000s at a time up and down! + +This is the week our lives change FOREVER + +Or it’s just another week and I continue to buy and hold + +DO YOU UNDERSTAND HOW MANY ENDGAMES IVE BEEN THROUGH?!? I CAN DO THIS SHIT FOR ANOTHER 9 MONTHS + +IT COSTS ME NOTHING + +New apes, don’t be down if this isn’t the MOASS, I’ve lived through at least 8 pre fires for MOASS, I’m zen, I held, I bought + +I. + +Will. + +Win, + + +Will you? +**Preface: mods please ban anyone linking to this on hot coppah** + +**Who are J Capital?** + +Short selling activist firm that write hit pieces on stocks. They do have some legitimate expertise, investment experience and research skills, particularly in their area of expertise, China. They called out Evergrande long before it was a thing, for example: https://finance.yahoo.com/news/researcher-foresaw-evergrande-troubles-says-172533908.html + +but they've also made some horrible calls and got it wrong, very wrong. Most recently with FFX, but also with a few ASX firms like Nearmap and Wisetech (even though I do think wisetech are kind of a scam dream) + +An article about them: +https://www.smh.com.au/business/markets/meet-j-capital-the-controversial-short-sellers-driven-by-moral-outrage-20211108-p596wk.html + +Anyway as much as I was making fun of them in the daily thread today they should be taken somewhat seriously compared to some other shonky twitter short sellers that are pure trash and have 3 brains cells to share between their entire staff (looking at you guys, viceroy!) but they are not as legit as some brutally brilliant shorters that are way smarter than anyone on here (don't come for my stonks, Bronte! please!) + +**What happened today?** +In short, they released a short report on Lake (yes, they came for an ASX bets hero stonk!) You can read it here: https://www.jcapitalresearch.com/uploads/2/0/0/3/20032477/2022_07_11_lke.pdf + + Ewan asked me to break the report down for all the LKE-tards which I have agreed to do to the best of my ability. I'm not an expert, in fact I am a moron just like you guys... so maybe this is all stuipid talk, but I've categorised every paragraph in their report into a few categories of how factual I think it is. We have 4 categories: Scaremongering (not factual, just there for fear), Opinion (could be right, but there's another side to the story), problematic factual (it's true, but they either draw incorrect conclusions or make more of the fact than is there), factual (this is more or less correct as far as I can tell). + +What usually happens after the release of one of these reports is a big drop over a week or so, so to some extent the factual-ness or not of this report doesn't matter - tomorrow LKE will likely open much lower (unless they halt trading to respond to the report, which is common practice), and then depending on how BS or not the report is, then the stock either will or won't recover, and there'll be rallies and dips in the interim. In the past when these reports have been released, a lot of retail holders don't sell on day 1 out of loyalty, and then end up cutting their losses on day 7 or 8 right when the shorts are covering. If you hold then you should decide what your plan is going to be and try to have contingencies in place for various share price scenarios, because it will be easy to panic if things go down a lot, and they may or may not come back up. Get some financial advice if you need to, check what happened on previous reports with VUL (I believe they did a sneaky trading halt) and Wisetech and Nearmap. Make your plan count. + +Ok here is my breakdown!!!! + + +**Short report paragraph by painstaking paragraph, grouped into categories of my take on their factualness** + +**Emotive - Fear mongering:** +"Lake plans to build its $1 billion facility 45km from this town, population 667, high in the South American Andes without existing infrastructure. " + +"Lake's positive news announcements leave more questions than answers. They recently announced two agreements, one with Ford and another with Hanwa. Lake claimed that the agreement with Ford would be “de-risking the project for financiers and investors”. We do not agree. What they actually had was a non-binding MOU to “negotiate” an offtake agreement. It is like saying I might meet someone for a coffee to discuss buying their car. Lake has announced an “expression of interest” from UK Export Finance and a “letter of interest” from Export Development Canada to “potentially” work with Lake on finance. Lake has said this “considerably de-risks the project”. We do not agree. " + +"Even if the technology works, Lake will have to build the processing plant at 3,000 metres above sea level in a desert in the Andes 45 km from the town of Antofagasta de la Sierra with a population 667 in Argentina, a harsh and remote location. There are no utilities in this remote area and Lake will need to build roads, a power plant and a pipeline for water" + +"Lilac, has raised $200 million from flashy backers like Breakthrough Energy Ventures which includes Bill Gates, Jack Ma and Jeff Bezos as investors, but they have not achieved a lot to date. We think they are poorly executing their strategy of producing a commercially viable DLE process. Lake is wedded to Lilac’s DLE technology to produce lithium in Argentina, despite it being unproven. Lake has not reported cooperation with any other DLE technology suppliers. We reviewed the 9 companies that have disclosed they were partnering to use Lilac's DLE technology. Of those 9 only two, Lake and Controlled Thermal Resources are clearly continuing to work with Lilac. 3 are clearly no longer working with Lilac. Of the remaining four, we believe three are no longer working with Lilac. Another is, but not for their project in Argentina. " (use of emotive language like "uncermonially dumped" combined with respected figures like Buffet in the graphics for maximum fear and to cast doubt on their product - "if experts don't like it then they must know somethign about it that we don't!") + +**Opinion only**: + +"We believe, however, DLE will still use large amounts of water and produce toxic waste." + +"Most explorers are working with multiple DLE technology suppliers to discover which may be the best at working at scale. Based on our research into cooperation partners, we are sceptical that the DLE technology developed by Lilac Solutions “Lilac” works. We have discovered that Warren Buffet’s Berkshire Hathaway Energy Renewables (BHE) has “parted ways” with Lilac." + +"Lake is presenting itself as an environmentally friendly exploration project, using the tag line “Cleaner Lithium for an Electric World” and stating that they have “cleaner technology” that is “sustainable – low water/land impact”. The reality is DLE technology may only halve the water requirement, compared with evaporation, and many reports indicate that it will likely produce significant toxic waste. Lake has not disclosed the amount of water required in the PFS, updated PFS or any other announcements" + +"Every project's brine is very different and not every DLE solution will work for every brine. Some brines have more contaminates like silica and iron that must be removed before extraction. What is clear is Lilac’s technology has had and may well still have some major problems. " (I don't think this is necessarily clear) + +"An expert we spoke with, who has built DLE pilots, said any lithium brine exploration project should have 3 suppliers and use 2 different technologies to be sure to find the fastest path to a successful process for extraction. What may be a problem for Lake is they have locked into one supplier and one technology. This is a view shared by one of Lake’s competitors, HeliosX that made this statement in a recent release: +“It is Management’s opinion, that there is no singular DLE technology that will deliver a “one process fits all” for lithium extraction. There are numerous companies globally developing proprietary patent pending lithium extraction techniques, but none that will apply universally. Each technology has its benefits and limitations, so the HeliosX management team has determined that its three distinct global reservoirs require site specific solutions.” HeliosX has not ruled out using Lilac’s technology in Argentina, however, they have announced they are using Chemionex technology there. Lithium explorers like Lithium South, Alpha Lithium, Anson Resources, EnergyX and Cyprus Development have the same strategy of using multiple DLE suppliers. As do majors like Albemarle." (anonymous source, opinion only) + +"An engineer familiar with DLE processes told us lithium explorers planning to use DLE talk a lot about sustainability compared to hard rock mining and brine evaporation, however, they cautioned that there is still a lot of toxic waste and high-water usage.22 The de-absorption process or the rinse cycle will use significant amounts of water. Some of that water will be reprocessed but some will just be wastewater that cannot be recycled. We understand that traditional brine evaporation methods use 400 litres of fresh water for every kilogram of lithium chloride produced.23 We believe DLE will use around 190 litres of fresh water for every kilogram of lithium chloride produced.24 When you polish brine as a pre-treatment to make the brine ready for lithium extraction there are a lot of contaminants such as heavy metals that are removed and are a toxic waste that must be disposed. Lake makes no mention of toxic waste in the PFS or the updated PFS. Albemarle, the second largest producer of lithium in the world with a market cap of $29 bln is also experimenting with DLE technology. Eric Norris, Head of the Lithium Division of Albemarle compared DLE to their evaporation method in Chile and said: “[DLE is] more capital intensive and actually consumes a lot more water and energy, so it has some drawbacks.” (It's a discussion still taking place, they also use a lot of "we understands" here and do present a drop in water usage for brine.... so?) + +negotiate offtake agreements with Ford and Hanwa. In Lake's ASX announcement concerning the Ford MOU, it describes the non-binding MOU as an "Offtake proposal for approximately 25,000 tonnes per annum (tpa) of lithium from the Kachi Project in a non-binding agreement with Ford Motor Company". In Lake's ASX announcement concerning the Hanwa MOU, it describes the non-binding MOU as an "Offtake proposal for up to 25,000 tonnes per annum (tpa) lithium carbonate (+/- hydroxide) at market prices from the Kachi Project in a non-binding agreement with the major Japanese partner". It is important to note that the MOUs are not offtake agreements each for 25,000 tons of lithium carbonate. They are non-binding MOU’s to negotiate offtake agreements. Lake also describes the MOU with Ford as "further de-risking the project for financiers and investors". This is a stretch and Lake is in peak promotional speak when it makes this claim. Arguably, the MOU does nothing to derisk the project. Lake plans to produce lithium hydroxide and lithium chloride to be used for battery production. People familiar with lithium offtake agreements told us that you need thousands of kilograms of sample lithium hydroxide or lithium chloride for the purchaser to test to see if the lithium is appropriate for their particular battery technology. Lake has not produced that much lithium and is yet to get an operational pilot to produce anything like that quantity. Real off take agreements can only follow successful continuous operation of a pilot plant at the site. Lake has stated they expect the on-site pilot plant will produce first samples of 50 kg in late Q2 2022 and that the testing in Lilac’s California production site “continues to produce data for DFS and 1kg product samples.” and that it will then “Operate 3-4 months to produce lithium chloride for 2.5 tonnes of lithium carbonate.26 That could be years away. Financing without offtake agreements will be very difficult. (this is opinion on the worth of a non-binding MOU everyone would see their worth differently) + +**Fact but problematic:** + +"Investors still have no evidence that the Lilac DLE technology works at scale and if so at what cost. If the DLE technology works then the number of “cycles” for which the extraction medium can be used will be a key cost driver. If the medium can only be used for a few hundred cycles then the costs may be prohibitively high." (problematic because it's a mix of fact and value judgements) + +"Lake has hitched its cart to Lilac’s yet to be proven technology to develop its Kachi brine project in Argentina. Lilac, in return for providing its proprietary DLE technology to the project, and US$50 million in capital, will earn 25% of Lake’s equity in three performance-based stages. More than a dozen companies are working on DLE technology but few, if any, have made it work commercially. Lilac has yet to commercialise its technology. Every brine is chemically different and not all emerging DLE technologies will work for all brines." (problematic because it's a mix of fact and value judgements) + +"Lake has a track record of failing to deliver on promises. For example, Lake promised a Lilac DLE pilot plant would be delivered in 2019 to the site. It is yet to be delivered, and it is yet to be proven that it will work when it gets there. The definitive feasibility study, first promised to be produced in 2020, is yet to be published, and in March this year Lake was still saying that it would be in production in 2024" (problematic because value judgement based off one example) +"Lake put out a Pre-Feasibility Study in 2020 for a plant capable of producing 25,500 tons of Lithium Carbonate a year. The following year, when lithium prices increased by 40%, Lake put out an updated PFS with only one change, the price. The project NPV more than doubled, without any significant new information being made available to investors. Since then Lake has produced a stream of announcements about expressions of interest in financing the project and non-binding MOUs to discuss off-take agreements. Following each of these announcements the financial services companies holding options produced favourable research." (problematic because it's true but not really negative and everyone does this) + +"Anson Resources tested Lilac technology. We understand from experts familiar with the testing, that due to poor performance and high-cost Anson dumped Lilac for an undisclosed alternative supplier. The poor performance was the medium used to extract the lithium, which only lasted around 40 cycles - far short of the 8,000 to 10,000 cycles expected. Medium is expensive and is uneconomic if it is only used 40 times. Neither Lilac or a partner has announced the number of cycles its medium can be used for from any testing completed to date." (Anson dumpoed it but the comparison is potentially unfair. Their brines are different. Why would we trust Anson's opinion any more than Lake's? They're both early stage lithium wannabes?) + +A working pilot plant is critical for the Kachi project to progress. A Definitive Feasibility Study cannot be produced until there is confidence in the cost of production that only the pilot plant can demonstrate. Sample lithium from a pilot plant is typically necessary for offtake partners to test before signing an offtake agreement. We believe Lilac and Lake are building pilot plants before there is a technical solution in place for the efficient extraction of lithium using Lilac’s DLE technology. Essentially, they are doing R&D on the run. An engineer familiar with the technology told us it would take 3 months to build a pilot plant. Lake also announced it would only take 3 months to build a pilot plant.18 First promised to be delivered in H1 2019 the pilot plant is yet to be delivered to the Kachi site in Argentina 3 years later. No adequate explanation has been given for the long delay in having the pilot plant built. (they get a bit of a covid pass here, incorrect to say "no adequate explanation") + +In the past year the Chairman and CEO have exercised option grants and sold down shares in Lake. Stuart Crow, was the Chairman of Bryah Resources (BYH ASX), a copper/gold explorer, before becoming the Chairman of Lake. His tenure was brief. He joined the board in January 2017 to help list the company. The company was listed at $0.20 per share on October 17, 2017. Crow resigned as Chairman less than one month after listing when the stock had fallen around 35% on November 15, 2017. The stock price continued to fall to less than $0.05, a 75% decline, and has never recovered. It seems like an oversight that Crow has not listed his time at Bryah on his LinkedIn page.41 Bryah still has not gone into production. Since December last year Crow has sold $3.8 mln in shares. (factual but irrelevant) + +Stephen Promnitz abruptly resigned as CEO on 20 June 2022 without a replacement. Stephen Promnitz’s last management role in the mining industry, before becoming the CEO of Lake, was CEO at Indochine Mining Limited (IDC ASX) which has a gold mine in PNG. According to an article in the Sydney Morning Herald he was forced out by investors, along with two other directors, impatient for performance in June 2014.42 Indochine went into voluntary administration early the following year.43 (Irrelevant. Also PNG is a tough place to work). + +**Reasonable Fact:** + +"Lake has failed to get an operational pilot plant on site three years after promising it would. Lake insiders have successfully sold $8.1 mln in stock in the last year. Lake granted 41.5 mln options to financial institutions that published favourable research on the company. Insider share sales have followed a pattern of Lake announcement, followed by favourable research, stock price rise and then insider sales. Investors had been expecting the delivery of the pilot plant to site and a definitive feasibility study (DFS) by the end of June, instead they got the resignation of the CEO and Managing Director Steven Promnitz without a replacement." +"Lake has granted various financial services companies, who produce research in respect to Lake, with 41.5 mln in options (which, converted at today’s share price, would equal stock to the value of $62 mln). These research companies have published favourable research on Lake, some without disclosing any conflict of interest at the time of publication." + +"The announcement by Lake of the UK Export Finance and Canada Export Credit Agency EOIs for financing that “derisked” the project, lit the fire for the share price rise. That fire was then fanned by research undertaken and published by parties that held an interest in Lake. Then the ersatz off-take agreements were the accelerant that turned it into a blazing fire. We have identified four financial services companies, which produced research in respect to Lake, that received shares and options in Lake, with only partial and delayed disclosure. Others, like Corporate Connect, were paid to produce reports. Lake granted 4 financial services companies with 41.5 mln in options, which converted at today’s share price would equal stock to the value of $62 mln." (all true, these reports were absurd) + +Lake entered into a stock agreement with Red Cloud on 24 April 2021 giving the company 1,500,000 options in Lake. Lake did not fully disclose the relationship until Christmas Eve in an announcement for the AGM notice to ratify the options agreement on the 24 December 2021, by which time the options had already been converted to shares by Red Cloud. Red Cloud initiated coverage of Lake on 12 October 2021 with no disclosure of the relationship. There was no disclosure of the relationship when Red Cloud published an update three months later on 19 January 2022 and increased the target price by 76%.36 The first disclosure by Red Cloud was in the update on 11 April 2022 when the target price increased again this time by 43% after Lake had disclosed the options agreement on Christmas Eve. The April update to the target price was based on the MOU’s to negotiate offtake agreements announced by the company. + +Canaccord Genuity received significant option grants, even by Australian standards, and they did not accurately disclose the relationship in their research. Canaccord Genuity's option grants were based on share price appreciation for acting as Lake’s “corporate advisor”. The higher the price of the stock went the more options they received. Canaccord was eligible to receive 35,000,000 options and most likely did get granted those options. Canaccord published research on Lake during this period made inaccurate company specific disclosures. + + +**I'm not qualified to comment:** + +"Lake has yet to raise capital to start the project." (not across their books at present) + +" The Province of Catamaca, where the exploration site is located, requires that all mining projects in the province use 70-80% of local people for labour." Analysts estimate the capital cost of the project now planned for 50,000 tonnes per annum of Lithium will be $1 billion. This does not include the potential capital cost of building a refractory on site to produce the ceramic beads that Lilac will provide in large quantities to supply the project. Lake claims that it will be in production in 2024. Lawyers in Argentina that we spoke to, who are familiar with mining projects in the area, said it would take at least 3 years for the project to be up and running. They considered this project to be in early-stage development." (this doesn't seem particularly suprising or damning, but I'm not qualified to comment on it) + +Experts familiar with Lilac technology told us that the life cycle of the medium for extracting lithium is problematically short. That matters as the medium is very expensive and you need to use it many times to make the economics work. To extract lithium from brine, it is first treated to remove trace elements like iron, nickel, boron and calcium that will impede the extraction. To this “polished” brine is added a “medium” that will act as the sponge to absorb the lithium. The medium could be a polymer, a ceramic or a mix of the two. Lilac is proposing to use a ceramic medium for Lake's Kachi project. The lithium is then de-absorbed from the medium by washing with an acid. One cycle of a medium means one cycle of absorbing and de-absorbing lithium. The life of a medium may be as short as 1 hour or as long as 6 months, or 1 to 1,000 cycles. Our discussions with chemists, engineers and explorers is that typically, ceramic beads, like the Lilac medium, lasts for 100 – 150 cycles or about 1 week of use. We understand that the technical limit of the ceramic beads to extract lithium is about 1 kg of ceramic beads to produce around 100 grams of lithium. However, to operate at that limit reduces the cycle life of the beads. To achieve cycle life of 100 it is likely the amount of lithium would be more like 1kg for 5 grams of lithium. We have been told by two scientists that ceramic beads would cost between $15 and $50 per kilo. It depends on the composition of the brine. If that is the cost and you need 1 kg of beads to produce 5 grams of lithium, that can be used for 100 cycles, then the bead costs per ton of lithium carbonate would be between $30,000 and $100,000 per ton of lithium carbonate. That is not economic to produce. We do not know if this is the case for Lake resources as they have released no information on the achieved cycles of the medium. Controlled Thermal Resources CEO has said this about their partner Lilac: “A lot of companies use aluminum beads. Lilac has a ceramic bead, or Lake has now dispatched a pilot plant which has yet to arrive and which has yet to be demonstrated that it works on-site. Given the delays over the past three years we expect the pilot plant will also take time to be commissioned and may take longer to work if it will at all. The crucial question will remain how many cycles Lake will be able to get from its medium operating the pilot plant on site. (I don't know enough about lithium extraction to talk to this one, suffice to say though that this has been talked about ad nauseum as the main risk for LKE, so if you hold then hopefully you are across it more than I am) + +Promnitz’s latest sale of $2.3 mln was completed in a closed period, when management are prohibited from trading without written permission from the Board as required by the company trading policy.44 He sold shares at a near all time high of $2.20 on April 20, 21 and 22 and the company published its Quarterly Report on April 21. Trading is prohibited 3 days before and three days after the Quarterly Report is published unless prior written permission has been given for “severe financial difficulty or there are other exceptional circumstances” and the restricted person is not in possession of inside information. The trading policy had only been updated in October 2022. No explanation was provided to the market in accordance with the ASX Guideline 10.5. Promnitz sold shares while the price was at near all-time highs. The stock price is now around 40% lower than it was at that time. Lake has failed to comply with its own and ASX rules of disclosure. In February this year Lake’s shares went into a trading halt for 5 days as the company was subject to a Federal Court hearing for failing to disclose the issuing of new shares.45 (concerning if true, I am not across company trading policy) + +**General themes to be wary of**: + +Unnamed experts (an engineer, an expert etc.) + +Emotive conclusions added to facts + +Incorrect analogies that exaggerate the issue + +emotive language beckoning the reader to question the credibility of the company + +Actual risks and concerning facts sprinkled in for legitimacy + +**General things they pointed out that are concerning** + +Director share sales + +Pump pieces as dodgy as any short report + +Risks in the DLE process + +Risks with capital and timelines + +**TLDR: Is LKE fuk? Probably in the short term at least... long term you'll have to DYOR buddy.** +This is a common sentiment, and I don't doubt it, but what are some examples? + +Ones I can think of off the top of my head are: +- Paying for things like car insurance upfront usually gives a discount vs. paying monthly +- Buying things with cash rather than credit/loans can give a lower price and save money on interest. + +Most of the things I can think of are basically having cash to pay for things vs borrowing money and paying interest. + +Are there any options that are open to someone with say 100k that aren't available to someone with 10k in terms of growing your wealth? Or 1 million vs 100k? +Two trillion dollar hedge fund managers are bored. + +&#x200B; + +HF1: I bet you a dollar I can take controling interest of Citidel bank. + +HF2: Your on. + +&#x200B; + +This is probably how this all started years ago. + +&#x200B; + +HF1 did some research on clearing houses, brokers and hedge funds that have risk that runs up to citidel. He found the most greedy of the hedge funds and became buddy buddy. He then set his plan in motion. + +&#x200B; + +HF1: Now that were good friends, how would you like to make some money with me? I have a really good idea. + +Melvin: Oh, I like money, whats the idea? + +HF1: Well we own a few a million shares of a company. We will lend them to you, a long term share loan with cheap interest, then when you sell them we will buy them at market price, and loan them again to you, same long term loan with cheap interest. We will keep going like this until the company is bankrupt. All I want is a small kickback every time we buy the shares back at market price. + +Melvin: That sounds like a great idea. I make money, you make money, and its all at the expense of your company and the company we target. Which company are we destroying today? + +HF1: GME. + +&#x200B; + +And the plan went into motion. What Melvin didn't know is that HF1's goal had nothing to do with money, bankrupting GME or making money with Melvin. His goal was to slowly increase the risk that Citidel was carrying long term, ever so slowly and casually that no one noticed the increased risk on the books. And the plan worked. Several years in GME's share were less then $3, Melvin had borrowed more then the total shares in the company, and the trillion dollar hedge fund owned more then 100% of the shorted shares in the market. + +&#x200B; + +And then the plot twist. Out of nowhere someone starts buying back the shorted shares that Melvin was selling. Deepfuckingvalue proposes the value in GME shares and more people start buying it. Now instead of all the shorted shares ending up in the trillion dollar hedge funds portfolio the shares are ending up in retail monkeys hands. Diamond hands that is. + +&#x200B; + +The trillion dollar company, that planed to pull the rug out very soon now sees millions of shares in dumb retail investors hand putting their entire plan at risk. How can we call our shares, bankrupt melvin, the clearing house and citidel? We were going to have a nice quiet meeting with citidel, explain to them the position melvin put them in and ask for controling interest in their bank. But now the retail guys are wanting to squeeze melvin for chump change, they are not letting go of their shares and we can't have a quiet back door meeting as long as retail owns that many shares. + +&#x200B; + +If only a few shares were in retails hands we could continue, bankrupt gme, back door meeting with citidel still. How can we get the shares from them? I know, we will do a fake squeeze, manipulate the market, use psychological warfare to get them to sell and manipulate the mainstream news. So they create a fake squeeze, no one calls shorts, buy back shares from $500 down and start their massive fud campaign. It doesn't work. + +&#x200B; + +Damn Diamond Hands. + +&#x200B; + +These retail customers are not working, we need to step up the game. They hire people to go into reddit and take over the sub reddit they are using. Divide and conquer. Still not working. They are still just buying the paper handed bitch's shares. WTF. No panic sell? This doesn't make sense.... They just think its on sale now and buy more..... Hedge fund doesn't want the squeeze or the attention on GME because they wanted to quietly take over Citidel. Now they can't. As long as retail continues holding shares this will never work :( Sad hedge fund. + +&#x200B; + +This is why no one called shorts in. This is why there was no news about hedge funds losing money after $500 spike to cover shorts. + +&#x200B; + +Melvin was down 53% before spike and massive share price buy back. Where did that money come from? + +&#x200B; + +The $500 top was a fake short squeeze to shake shares out of retail investor hands. + +&#x200B; + +The next squeeze of $800 - $1,000 will be another fake squeeze to shake hands out of retail investors hands. + +&#x200B; + +Why? They can't have a back door meeting if all the shares are in retail hands. So the trillion dollar hedge fund is buying back the shares and manipulating the squeeze trying to get retail investors to sell. + +&#x200B; + +TLDR + +trillion dollar Hedge fund plans to take over citidel. + +Melvin gives them the leverage from borrowing to many shorts to do it + +realtail traders buy in massively wanting a squeeze of 1k, 10k, 69,420 + +trillion dollar hedge fund had planned to squeeze 100k - 500k a share quietly behind closed doors + +Trillion dollar hedge fund sets up fake squeeze to buy back shares + +Doesn't work, plans a new fake squeeze at $800 to $1,000 attempt #2 + +When retail shares are sold, then they will have back door meeting and bankrupt GME, take over citidel and any shares in retail hands will be worthless + +As long as large percentage of shares are in retail hands they can't quietly bankrupt GME and have a closed door meeting. + +&#x200B; + +Melvin is just a tool being used by trillion dollar hedge fund, and we are disrupting a multi year plan to take trillions from whoever owns Citidel. + +&#x200B; + +Edit 1 + +They are down voting hard and comment count keeps going up, then back down on page refresh. Feel free to copy and post this in wallstreetbets - I am not in it for the karma. + +&#x200B; + +Will be leaving the community for good. I enjoyed my time writing for you guys, but the mods feel that my info is not important for you. + +[https://www.reddit.com/message/messages/zka7ma](https://www.reddit.com/message/messages/zka7ma) +The KILIMANJARO team updated the roadmap! 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Here is a look at what you should expect for this 2021: + +**APRIL-MAY (Already accomplished)** + +● CoinGecko & CoinMarketCap listing + +● AMAs + +● Double Down Giveaway + +● Youtube Promotion \* + +● TikTok Promotion \* + +● Twitter & Telegram Promotion \* + +● Poocoin and other crypto site ads \* + +**MAY - JULY** + +● Negotiations and listing on up to 6 exchanges + +● Partnership with other DeFi projects + +● Lottery base pot to 500 $KILI for two months + +**2nd Half of the year** + +● Partnership with gambling platforms to use $KILI as payment method + +● Team growth (incorporating up to 3 new team members to work on marketing and new developments) + +**End of 2021** + +● $KILI official gambling platform + +**========================================** + +To **participate in the daily lottery**, you **only need to buy and hold 100 KILI**. Once you've done that, you'll participate in the lottery as long as you don't sell. + +The initial supply **was 1.000.000 tokens** and in **just two weeks** it has **burned 11% of them**. + +Because of the 2.5% transfer burn, the token **burned more than 1% of the total supply IN JUST ONE DAY.** + +**========================================** + +[Kilimanjaro](https://kilimanjaro.finance/) is an aggressive lottery token that applies a **5% tax to each transaction**. + +* 2.5% is automatically burned 🔥🔥 +* 2.5% goes into the lottery pool. + +The lottery is **automatically** **triggered every day** directly by contract and selects **three holders**. + +If the amount of $KILI tokens that the winner holds surpasses the reward received, they get the full reward. If not, the holder only gets 50% of the reward and the other 50% is burned! + +**The funds are automatically sent to your wallet.** + +**🔒🔒 RUG PROOF 🔒🔒:** + +* [Audit by Solidity Shield](https://kilimanjaro.finance/documentation/audit.pdf) +* [Liquidity Locked by Unicrypt](https://unicrypt.network/amm/pancake/pair/0x6d38bc32c9bc4b3193f13ee03cee739a3edd3aea) +* [Dev and Marketing tokens locked by team.finance](https://team.finance/view-coin/0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8?name=KilimanjaroToken&symbol=KILI) + +**Join our telegram, devs are always available:** [**https://t.me/kilimanjaro\_community**](https://t.me/kilimanjaro_community) + +**Check our cool website:** [**https://kilimanjaro.finance**](https://kilimanjaro.finance/) + +**💵 BUY ON PANCAKE SWAP:** + +[**https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) + +**\*** Set slippage to 6% +Just heard in the elevator someone showing people units. They said a one bedroom is going for 1200. I'm in a ALCOVE a fancy word for studio for 1424. Anything I can do? I just signed for second year lease back in October. + +Edit what I learned: +- I could ask to transfer my lease to the larger unit +- The larger unit might be cheaper because its on a lower floor or have a weird layout, bad view or next to the trash chute +-It's minneapolis in winter, they may be getting a break because of the weather +- I re signed my lease so I'm probably SOL +-This thread gave me lots of tips on how to negotiate my lease for next year +Throughout my life (26M) I've known many people who are real estate "investors", which in my country are old-ish people who managed to scramble together some money (mostly by working abroad during their young adult life), and used it to buy land and building appartments buildings in the 90's, and renting them (usually long term). + +Being interested in RE investing, I've had the idea of turning my would-be rental properties into a business (LLC), but no one I know has ever done it. Being the over-analyzing mess that I am, I started wondering wether it's because they just don't have the knowledge and know-how (plausible), or because there's some tiny detail I'm missing that only the insiders know about. + +Turning rental properties into an LLC just seems like the logical and reasonable thing to do, and yet no one's doing it. Is there something I'm not seeing? +I've been into cryptos for about a year and before that have never owned any stocks or bonds.. Cryptos was my first taste of investing. I recently just decided to diversify and put some money into a few stocks and index funds. After creating my brokerage account and bought stocks - I was like "that's it? I don't need to move them to a wallet and keep my private keys safe? +I've recently taken on a big interest in economics, more specifically being the finance aspect of it, and I have to say that I've learned a lot from the economics community here. However, there is one topic that I see comes up in the comments a lot, and it's a subject I don't quite understand in its relation to how it actually affects the economy. That subject being Wall Street. + +From what I understand, Wall Street is a colloquial term that represents the investment sector of America in its relation to the stock market and not just the physical place itself. Stocks are shares of companies. People who buy and sell stocks are investors. And hedge funds are investment firms. + +Stocks are a means of generating more revenue for a company. Company stock prices increase when the company does well because more investors want the stock, and decrease when it does bad because no one wants to invest in a crappy company. The investment sector gets hit hard when hedge funds and investors make bad investment decisions. + +So how does Wall Street's bad investment decisions end up affecting me? I neither work for an investment firm nor have any money in one. How does this eventually become my problem when it seems like the only money Wall Street is losing is its own? + +note: it's hard to convey attitude through text, and I've been told I have a "hostile" way of writing things. I don't know how to not do this, so understand that I'm not looking to argue with anyone. I'm making this thread to be educated. + + +EGOH Finance was founded by members of the HOGE community and is an extension of the HOGE ecosystem. EGOH is a BEP20 token that takes advantage of the Binance Smart Chain and bridges the gap between HOGE (ERC native) and low gas fees. + +EGOH isn’t like any other token out there. We are a community-oriented token built on the idea that we are all devs. + +- EGOH is a deflationary, autostaking token, that brings you the best of both worlds. Just by holding EGOH in your BSC wallet, you will receive HOGE free! + +- Every buy/sell of EGOH sends HOGE out to every holder; EGOH buys HOGE on BSC (thereby supporting HOGE price) + +- LP locked (https://www.team.finance/view-coin/0x147e81789bBDc9820Da35Cc613cf10c0B2D06399?name=EgohFinance.com&symbol=EGOH) + +- at first unlock, EGOH will list on HogeSwapBSC + +EGOH is completely integrated and built to support the growth of the HOGE ecosystem. At launch, 5% of the EGOH supply was sent to the HOGE BSC donation wallet. EGOH buy/sell transactions donate to the HOGE community through reflections and support HOGE price by buying HOGE BSC. + + +Listed on CMC within 3 hours, CG within 3 days. Highly efficient and experienced team of developers. Team of developers will doxx - KYC with HOGE team and announce to community. + + +**Tokenomics** + +- 5% HOGE reflections back to all holders + +- 2% Marketing Wallet + +- 2% LP + +- 1% Burn + +- Slippage: 11% + + +&nbsp; + + +**BSC Contracts** + +- EGOH Contract Addresses: 0x147e81789bbdc9820da35cc613cf10c0b2d06399 + +- Free Reflection Token HOGE: 0xa4fffc757e8c4f24e7b209c033c123d20983ad40 (HOGE BSC) + + +&nbsp; + + +**Important Links** + +- Website: https://EgohFinance.com + +- Twitter: https://twitter.com/egohfinance?s=21 + +- Instagram: https://www.instagram.com/egohfinance + +- Reddit: r/EgohFinance + +- Telegram: https://t.me/EgohFinance + + +&nbsp; + + +**Important Notes** + + - AMA Today with Whale Chat Talks @ 1:00pm EST! + +- EGOH Finance will be Whitelisted on HogeSwapBSC and Pancakeswap + +- We have several key partnerships for the future that will bring utility to this token and community + +- Liquidity will be created with HOGE/EGOH pairings and HOGE/BNB + +- We have Unique Everything from Website to Tokenomics, you name it. +&#x200B; + +https://preview.redd.it/vlqwo8cvmz571.png?width=1600&format=png&auto=webp&s=eeb70615d01a05c5aca6272357fe9868f856fef4 + +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/rpbnj4mxmz571.png?width=680&format=png&auto=webp&s=96d74672ba1b22687f2c675838bb2f0efd41b3f2 + +The Reverse repo's + +&#x200B; + +https://preview.redd.it/gqfgmsn8nz571.png?width=693&format=png&auto=webp&s=173ec398c840f498f2e5d4b5fe9e062bf00614fc + +&#x200B; + +https://preview.redd.it/c8zteoyuoz571.png?width=666&format=png&auto=webp&s=948d2ba2dd4db2670a649c5a138ca67bc2bd992c + +Nothing to see here, just 250 billion extra in RRP's + +Now there still has been some confusion as to what RRP's are or what they do so I've looked for some DD's and stumbled across some. + +[Thread one](https://www.reddit.com/r/Superstonk/comments/o08rmm/whats_the_deal_with_reverse_repos_anyway/) + +[Thread two](https://www.reddit.com/r/Superstonk/comments/o28xhx/whats_the_deal_with_reverse_repos_anyway_dd_part/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[Thread three](https://www.reddit.com/r/Superstonk/comments/o1thia/reverse_repo_can_we_stop_saying_cash_is_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +On that same account, wtf is the FED doing? well got to love our local wrinkly brained people:[https://www.reddit.com/r/Superstonk/comments/o1y03k/wtf\_is\_the\_fed\_doing/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o1y03k/wtf_is_the_fed_doing/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# Exponential floor + +[thanks to u\/JTH1](https://preview.redd.it/ygujgsrwoz571.png?width=960&format=png&auto=webp&s=e0d7eeaee3f4b487d4302406b98ee7aee3f219bf) + +in his words: + +**06/17 UPDATE: Some have been asking why I keep posting these charts. My rationale is that the daily low have been following a long predictable pattern in a similar manner as T+X and Elliot waves. This tells me that the daily low can somehow be used as a metric to gauge future price movements.** + +&#x200B; + +https://preview.redd.it/05o39qh4pz571.png?width=532&format=png&auto=webp&s=fd410e5da7c66c02620decde41fa8ec498d1e469 + +**A** **round of applause for the NEW Vice President of Private Label and Global Sourcing! Kevin Kennedy!** + +&#x200B; + +https://preview.redd.it/ssb52sibpz571.png?width=828&format=png&auto=webp&s=852fd3e4950aa9a1d9d0f348fccec6aeb79bff5b + +Everything remains speculative however until we've received confirmation from the exchanges that it's done, just like the ATM share offering, we think it's done, yet we are waiting for official confirmation on that before we can do anything. + +&#x200B; + +https://preview.redd.it/ma8czrotqz571.png?width=720&format=png&auto=webp&s=4e4a83de94c3f019b82c3fcf8687fbd11bcc2d8d + +Also as a side note, the EDGAR system is out today, this means the markets are still open but the EDGAR filing system (used for the forms) wont be receiving updates today and will be updated again on monday, the Edgar system is were we would normally find the 13k forms and stuff like that. + +&#x200B; + +https://preview.redd.it/pectsz85qz571.png?width=960&format=png&auto=webp&s=fa7076944ddf604cb3fc301b731c92dcc45aea4f + +[NYSE president admitted Dark pool exchanges are problematic](https://www.reddit.com/r/Superstonk/comments/o25oi1/nyse_president_admitted_dark_pool_exchanges_are/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Also u/dlauer's full segment on CNBC because CNBC likes to cut parts away. + +Thanks to u/ydnar + +[https://www.reddit.com/r/Superstonk/comments/o2958m/our\_boy\_udlauers\_full\_segment\_on\_cnbc/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o2958m/our_boy_udlauers_full_segment_on_cnbc/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +https://preview.redd.it/wj29m92dsz571.png?width=473&format=png&auto=webp&s=42b89cd53e00ec14e2588c48df37c5c299b61b2b + +# Ryan Cohen has bought shares + +This is pure speculation at this point, we didn't receive a 13f filing stating he did, we didn't receive any formal notice from GameStop. + +So everything regarding this is currently speculation as it could be easily explained away as a glitch. + +There is an entire thread [here](https://www.reddit.com/r/Superstonk/comments/o22pn0/stop_the_misinfo_ryan_cohen_has_not_bought_shares/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# The banks are down? + +Seems the banks have been having some pretty red days in the past days, but lets take an outside view on this for once, there is a thread [here](https://www.reddit.com/r/stocks/comments/o2ajxm/if_the_fed_just_announced_theyll_raise_interest/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) in r/stocks which could give us some more "conservative" information on this subject, because we are looking at this problem from one direction, lets get another POV and lets see if it could help perhaps bring a new wrinkle. + +&#x200B; + +https://preview.redd.it/05hgtf74sz571.png?width=1916&format=png&auto=webp&s=fb573dc880a06f315bb69780f569b263f1ebea88 + +# Bloomberg terminal drop! + +[https://www.reddit.com/r/Superstonk/comments/o272h3/17062021\_gme\_bloomberg\_terminal\_information/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o272h3/17062021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +# The hidden shorts and the correlation of ftds + +[https://www.reddit.com/r/Superstonk/comments/o1sggl/the\_hidden\_shorts\_the\_correlation\_of\_ftds\_and/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o1sggl/the_hidden_shorts_the_correlation_of_ftds_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +There are also a couple of other things I want to add but I need to take care of some IRL stuff and will be adding them in a bit later, sorry for the inconvenience <3 + +&#x200B; + +https://preview.redd.it/ja64w70ysz571.png?width=554&format=png&auto=webp&s=cc483317bbec7a3df139f6853447d6be28a8429f + +# 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/doww5nvzsz571.png?width=400&format=png&auto=webp&s=b883cce7d9c03a1b9824cb7cc7c4411b5f798085 + +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: so finally have the time to finish this baby + +first of all the update from [@Annihil4tionGod](https://twitter.com/Annihil4tionGod) + +Short Volume Ratio Update 17. June 2021 AND a journey back in time: Short Volume Ratio Data from CBOE in 6 month timeframe since 2014. [\#GME](https://twitter.com/hashtag/GME?src=hashtag_click) [\#AMC](https://twitter.com/hashtag/AMC?src=hashtag_click) [\#SVR](https://twitter.com/hashtag/SVR?src=hashtag_click) Have a great day! 1/8 + + [https://twitter.com/Annihil4tionGod/status/1405690619218087937?s=20](https://twitter.com/Annihil4tionGod/status/1405690619218087937?s=20) + +&#x200B; + +[2015](https://preview.redd.it/lwlcoirlwz571.png?width=4096&format=png&auto=webp&s=4d8411b3a848674da4305445579572170cf03473) + +&#x200B; + +[2016](https://preview.redd.it/fawm928owz571.png?width=4096&format=png&auto=webp&s=30ccdbb129bd291efdbaf727de8fd515fbb48b78) + +&#x200B; + +[2017](https://preview.redd.it/ey1y7lxpwz571.png?width=4096&format=png&auto=webp&s=93d3c0d72d4657cf55a438c03472a31157c2e46d) + +&#x200B; + +[2018](https://preview.redd.it/thyqo4drwz571.png?width=4096&format=png&auto=webp&s=85ec29ca51dc6b95d3842a2d590daf7c5d2b34d6) + +&#x200B; + +[2019](https://preview.redd.it/w8t3mniswz571.png?width=4096&format=png&auto=webp&s=42b5afc1c7ca1aeec9cc2453417e68973ca3480b) + +Unfortunately I can't post all the images he's found due to Reddit's image limit But I'd advise checking out his twitter, [https://twitter.com/Annihil4tionGod](https://twitter.com/Annihil4tionGod) + +AG is known for doing some awesome data dives and really digging deep into it. + +Again Thank you Annihil4tionGod for your awesome contributions <3 + +AG's research into historic short data: + +[https://twitter.com/Annihil4tionGod/status/1405635801745133576?s=20](https://twitter.com/Annihil4tionGod/status/1405635801745133576?s=20) + +Showing that since 2010ish short daily volume has been at minimum 50% which is insane, how can someone look at the data and say "shorting is healthy", this is just there to destroy companies at this point. + +# More putts then shares? + +Also u/luxowoman has made a thread [here](https://www.reddit.com/r/Superstonk/comments/o25onf/deep_otm_puts_total_update_strike_at_5_max/?utm_source=share&utm_medium=ios_app&utm_name=iossmf), showing that currently there is the ENTIRE FLOAT in puts of $12 and below, can someone wake up Gary from his nap? I know it's only his 10th week or so... + +# On todays holiday + +The EDGAR system will be closed as will the SEC be closed, everything else is open. +[https://www.dtcc.com/-/media/Files/pdf/2021/6/17/a9015.pdf](https://www.dtcc.com/-/media/Files/pdf/2021/6/17/a9015.pdf) + +&#x200B; + +Alright that's it, Have an amazing weekend everyone! +I opened a business this year, and it blew up. I went from making 40k per year and my day job, to my business generating north of 400k. + +I have kept the best books on my business because I was so busy. I’m assuming a owe a ton of taxes on this money. I’ve set aside about 100k to account for taxes but I’m wondering if it’s even enough? + +I have some expenses. Probably about 50k or less in expenses. (I run a flood damage restoration business.) so the expenses are quite low. I’m afraid that the IRS is gonna bury me. Should I consult with a CPA ASAP to help me determine if I’ve saved enough for taxes? +I’m currently reading the BRRRR book, and being the first book on real estate investing, it has a lot of what seems to me great information. + +I was looking into getting two of their other books, Rental Property Investing and The Book on Estimating Rehab Costs, but I would like an opinion on if they are worth it. Obviously, BP is a business that needs to make money, but I just want to make sure i’m not paying money for repeated information without more substance. + +If there other non BP that you think would be helpful feel free to lmk +This may seem counter intuitive but if you find yourself unable to pay for rent and almost on the street, a gym membership will allow you to use a shower, a locker to put in your stuff, water and free WiFi. + +Planet fitness is my personal favorite because they’re often 24/7 so you can do this at times with lower traffic and they also serve pizza and bagels at times. + +Also: if you’re struggling with finding a job and need one immediately, look into pizzerias or local family owned businesses. A lot of them pay under the table, have a high turnover rate so they’re likely looking for people, don’t have the long and drawn out hiring processes and you’re more likely to talk directly to the owner. + + + +Edit: wow everyone, I was not expecting this much feedback but I’m glad other people have used this tip as well. Granted, it depends on where you are and how the gyms in your area function but a little research and calling can go a long way to make sure you at least have a place to shower. + +Edit 2: as someone mentioned (thank you for that) just because the place pays under the table, it does not mean you shouldn’t pay taxes. Put some of the money aside once you have enough to eat to pay in April. Not only is that fraud (uhm.... duh) but it can bite you in the ass down the line. A lot of places will ask for previous years’ tax returns and you do not want to have that hole in your tax history. Even if the IRS deals with bigger money, it does not mean that you should try to sneak by. Thanks again for that heads up. +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! +**1 - e4** + +2/19/20. The S&P hit all time highs at 339. Everyone was making tendies. Finally, after having diamond hands, our 3/20 200c MSFT start to print. All was good. + +2/20/20. Massive selling happened midday. Autists were confused. We rallied back later in the afternoon. BTFD. SPY closed from 337.74 to 336.95. + +2/21/20. SPY opened 335.47. SPY closed 333.48. It's Friday. Didn't you know autist? Friday's for the past 3 weeks have sold off before rallying. Monday is going to bounce, then power up through the week to new highs. BTFD. + +***If you haven't realized it yet, the MM already have made their first move.*** + +**2 - Bc4** + +In my [last post](https://www.reddit.com/r/wallstreetbets/comments/ffh9cd/why_volatility_is_here_to_stay_the_market_will/), I described the fastest correction since the 2008 financial crisis, why volatility is here to stay. I also describe exactly why we started to be **range bound between 313.84 and 284.82** after the selling climax and the Fed's emergency 50 bps point cut. + +[SPY 1 Yr\/1 D](https://preview.redd.it/385fc7sraxl41.png?width=2104&format=png&auto=webp&s=bc95310e0f63605c114dc428da8c17e2df0f68f6) + +2/28/20 Friday. After dropping for almost an entire week straight, we reach near the 2019 October low, shorts cover heavily, and we pump back up to the 250% retracement at 293.15. All is good, just a beer virus. JPow is going to save us! + +[SPY 10 D\/30 min](https://preview.redd.it/50gm1e7gexl41.png?width=2104&format=png&auto=webp&s=c5c97bfe05ac03c7384eebac0b4599ed0236bec7) + +3/2/20 Monday. After making some solid gains, the Fed announced emergency cuts. We rally for 30 min. We're still staying in this uptrend channel. Seems like we made some new resistance at 285. + +[SPY 5 D\/15 min + overlaid with SPY 1 Yr\/1 D, volume indicator, and RSI](https://preview.redd.it/cgrccro6gxl41.png?width=1986&format=png&auto=webp&s=5f89a65a6b63ea92c549ec4204def51a68e3f2d1) + +3/6/20 Friday. All indications suggested that we were nearing the bottom of the channel at 285 to retest the lows and start forming the bottom or base. RSI was below <40 consistently, volume was slowing on the selling side. On this day, we entered extremely oversold territory. + +Like clockwork, at 3:30 pm EST, shorts start covering heavily as indicated by that large number of white candles in the bottom right corner. It's going to be alright, we are going to get our YUGE rally on Monday like last time. Wait. Like last time? Like on Friday 2/28/20? + +***If you haven't realized it yet, the MM have already made their second move.*** + +**3 - Qh5** + +[SPY 10 D\/30 min](https://preview.redd.it/rz5srd0uhxl41.png?width=2098&format=png&auto=webp&s=097544b835ba4b59b2641d64836b6fad956d2d55) + +3/9/20 Monday. Futures in during the night limit down. No matter what, everyone with calls at open is absolutely screwed over. The 7% circuit breaker quickly follows 4 min in trading. + +As I previously stated on 3/5/20, Sunday, when I made my first post: + +>Due to this uncertainty and with additional bad news expected over the weekend, I believe we are going to still face more downside as we close near the 285, before having another large rally to the upside. + +People are panicking, people are buying puts, puts, and more puts. Surely it will hit the 20% circuit breaker today, if not sometime this week? We end the day at a lower low. + +>Retest of the -5% at the previous 285 was rejected. Ended lower than -7% circuit breaker and even below the August 2019 low at 273.09, creating a sign of weakness. Larger sell volume present in the final hours of trading. Most likely going to continue to the downside, but still expecting a bounce which will be used to shake out people holding their puts. + +***If you haven't realized it yet, the MM already have made their third move.*** + +[3\/9\/20 Options sales on SPX](https://preview.redd.it/9fix47h5jxl41.png?width=2788&format=png&auto=webp&s=d8571ae5356e1b666b2cd4001b602456970bcba0) + +Closely after the 7% circuit breaker, MM were buying tens of thousands of SPX calls. Look at some of them and their price. What about treasury bonds at an all time high? Note that many of these were bought around 2 or 3 pm. + +[3\/9\/20 Options sales on TLT](https://preview.redd.it/09jtvhfzjxl41.png?width=2788&format=png&auto=webp&s=1a2d889a81636eb6be80aef630c0cd8c858578ca) + +>Another contrarian indicator given the price on Friday action. Even though we have hit -5% in /ES and passed 2850, there's actually tens of thousands of puts OTM purchased on TLT during Friday. Now that begets the question, if treasuries are the safe haven asset as more people are selling \[equities, which should drive up TLT prices\], then who is buying these puts? + +**4 - Qxf7** + +[SPY 5 D\/5 min](https://preview.redd.it/n04az9b7lxl41.png?width=1444&format=png&auto=webp&s=e8d10013cba8c3f160fa37e1c676ec053852229d) + +3/10/20 Tuesday. Futures during the night limit up. Anyone who bought puts yesterday are screwed. Calls, autists, buy more calls! Bear r fuk! + +We start plummeting to retest our new low of 270.27, stopping just short of the June 2019 low at 273.09. Bull r fuk! Suddenly, we start rallying. It's the Fed. Pump JPow, pump it harder! And just like that, we are back into our 285-315 bounded trading range. + +Hang on autists. Aren't a lot of drops on Monday? I keep hearing black Monday. We got a nice rally on Tuesday. Well, we are back in our trading range, things should be okay. 285 should be our lower resistance. Lot of people watching these charts seem to agree. Has this happened before? + +https://preview.redd.it/f62bup1llxl41.png?width=720&format=png&auto=webp&s=a21446d89e7a2d638825bcdb8fc01935dd539119 + +What's going to happen tomorrow on Wednesday? Well... + +***If you haven't realized it yet, the MM already have made their fourth move.*** + +[3\/10\/20 SPX options sales](https://preview.redd.it/mcog9fz9nxl41.png?width=2784&format=png&auto=webp&s=3df2ce64d818f79814f73e023c23db9a6cea9386) + +Notice the large amounts of calls early in the morning. This was right before the low at 11:30 am this Tuesday. + +Now look at the insane amounts of **0DTE FD puts for March 11 tomorrow.** Just for reference, 5000 SPX FD puts for tomorrow at a premium of 22.70 is $11,350,000. There are more than >60,000 of these puts. + +What about treasuries? Notice those massive amounts of puts purchased right before 11 today morning before the rally back to 285. Now notice how many calls were bought right before close today. + +[3\/10\/20 TLT](https://preview.redd.it/6qoj7tzwnxl41.png?width=2784&format=png&auto=webp&s=4bc90ff9c0274baae08feaedd9370fdad9af4494) + +**tl;dr Tomorrow is going to be a blood bath which has been set up for almost 2 weeks now by MM. Checkmate autists.** + +**3/10/20 Update 1** \- Futures down already -1.5% at 8pm est. + +I'll update more on why tomorrow was chosen. MM were already planning contingency plans or splitting up trading teams in different areas last week. Also, the college aged children of these MM most likely got notifications that universities were closing this week. People at Morgan Stanley and Barclays also have gotten sick from coronavirus. National guard deployed in NY. It hit close to home. + +Just a quick edit. Every single firm has done their own internal calculation of number of cases in the USA already and how quickly it will spread. Most MM agree the market will go down significantly more. They are taking advantage of the vol to take as much money from people as they can. + +**3/11/20 Update 2 7:55 am EST** \- Think we open near 277, the August 2019. Sets us up for 273, the June 2019 low and the 269 low from Monday. This lines up with those 275/276/280 put strikes bought yesterday, locking instant gains. + +I'll post my positions and plays here during my updates around 11 and 3:50 before close. If you do not have the capital to day trade, be very careful of your positionings, intraday is brutal these days. The most important setups are for the next day, and also 4/17 April puts. Don't buy the puts on a down day, wait for a bounce if you aren't in already. + +Going to sell my SPY puts, TLT calls at open. Probably keep holding my VXX calls and GLD shorts. Don't have too much time to do intraday trading today. + +[3\/11\/20 SPY updated chart before open.](https://preview.redd.it/150odcsci1m41.png?width=2090&format=png&auto=webp&s=869c72f7b4027c3cc5ccf6a1675d01b888c3f5d5) + +Here's what's going on. 285-315 was our initial trading range. We rallied back to 285, but significantly fell below. 285 is the new resistance now. We are in between 269-285. We need to test 269 to see if that is our base. If we fall below 269, we are in a new trading range. And yes, I think we will go down to 269. + +Selling all SPY puts, buy volume super strong. VXX going down, TLT going down. + +9:50 Almost 10,000 SPX puts just purchased. Strikes between 269/280. Downtrend selling will continue. We are going to test 269 today. All 0 DTE. + +11:40 More trades on puts and looks like straddles for SPX. + +https://preview.redd.it/bg22aqg2d2m41.png?width=2840&format=png&auto=webp&s=1d7b1660b3d352d77836eb7b4a95f2a7f0b925f1 + +TLT decreasing, might possibly be a bounce mid day. + +Be careful! + +2:10 - Probably going to be shorts closing their position and a squeeze soon. If you made some profits I'd lock them in, unless you have longer dated puts. + +2:55 - Bought some call options. Haven't seen big blocks yet. But I'll post the data if I see them. Usually they buy within the last 30 min. + +TLT going down. Looks like they are starting to liquidate some cash to get ready for some buying. + +3:10 - Insane. They really are going to bring it down to 269 to be in the money. + +3:30 - Shorts starting to cover. TLT down 1%! + +3:40 - Still not seeing any call big blocks. I hate these guys honestly lol. We might have more downside tomorrow if theres no big blocks. Might need to sell these calls soon or tomorrow at open + +3:50.- I see some doubling down on puts. Keeping their positions. + +Thinking red day tomorrow. The games man. The games. + +Short cover is a bull trap. More doubling down of puts. + +4:00 - Im peaked. I'll write a short update with a chart explaining their moves today. + +================================================================================= + +[3\/11\/20 SPY](https://preview.redd.it/ykh3xedea5m41.png?width=1680&format=png&auto=webp&s=f98f1e05f68d3b66ca1de45fdb717cae84950c9f) + +Quick update, seems like it's pretty clear what's going to happen tomorrow. So how did they do it? Previously they broke back into the 285 channel, which I mentioned was a fake out. People were selling their puts due to being caught by the sudden rally to the upside. Since we broke back into the 285-315 trading range, people thought the next day would be green as well. Calls, calls, calls. + +Like I mentioned before, most of the price action happens before the open. To position, you need to buy the puts/calls before on the cheap, that gets you a nice 20-30% if you time the entry well. Overnight, futures tank and break below into the 281 and 276 channel. Futures instantly lock you now 60-80% gains. I previously mentioned how a lot of this was setup to position the drop to 269, which was the strike of most of the 0 DTE puts. About 30 min before the cash open, we pump like crazy to near the 281 channel. Hint: this was done to buy even more 0 DTE puts. + +[3\/11\/20 Options and Sales](https://preview.redd.it/a3n79ss7c5m41.png?width=2838&format=png&auto=webp&s=3f67b2d0f014602fd9f9c7813de50457c9ee7fb9) + +SPX put after put was purchased within 9:50 to 11. Notice those 0 DTE puts. Look at how many there are. Close to 15,000. Let's just take the transaction at 9:48. for the 2805 put 2154 x 100 x $36.06 = >7,000,000. Once they loaded up, price action brought it down to 276. I noticed TLT was bleeding off, this is a good leading indicator to show that liquidity is being drawn and going to be placed somewhere. I said to be careful at 11:40. We bounce hard at 11:55. Why? + +Look at who bought more puts at 11:30-11:55. These were combined with calls to form a straddle. But more puts were collected from people who sold and capitulated. But we didn't have enough momentum and sell volume. Oh wait, let's declare the pandemic now. How convenient. We start selling furiously, break 276, smash through 273, and are within striking range of 269 at 270. + +This is where it gets really annoying. Shorts cover. There's a huge bounce. What did they do? 14:39, more straddles. They knew volatility will increase. Stay delta neutral. Now it's near close, around 3:40. I don't see the big blocks. What are the next moves? TLT was decreasing. There's more liquidity, when are they going to buy calls? + +[3\/11\/20 SPX options and sales](https://preview.redd.it/wpgs8pybe5m41.png?width=2838&format=png&auto=webp&s=01553a638c0c0d2fcc59f0971b67e746b7360c16) + +Look closely at the times. For example, 14:11, massive put buying. But broken into two parts. They started hiding their blocks by breaking them apart so they don't appear as high when people scan. This was right in the middle of that short covering. 15:02, 15:03, 15:17 massive put buying. + +They sold TLT to look like they were putting money back into SPX when it was simply shorts covering. People using that indicator got duped into buying calls. Meanwhile these guys were doubling or even tripling down on more puts and accumulating losses on the move up. + +So how low do we go? Simply, I don't know. We smashed through 269. We might easily hit another circuit breaker. I think the next price target is 250.8, the next fib retracement. We have a few more supports. + +Anyways, guys, take care of yourselves. These days are rough. And people will be hurting and losing on retirement or jobs. Protect yourselves, and help others. Have a good night. + +================================================================================= + +3/12/20 Update 3 - will post updates here. + +Please set limit orders when we hit a circuit breaker, the bid and ask will intentionally be set wide to front run and give you a bad fill if you place a market order. + +9:37 - High possibility of possibly hitting the second circuit breaker today. + +10:02 - more buying of puts. Gold drawing down. Don't see too much in treasuries. All the pieces have been set. + +https://preview.redd.it/26iqjz1859m41.png?width=2838&format=png&auto=webp&s=56222fe9303ad868c519e5ceba55f26971ac0f16 + +See the put buying especially after 10:00. The calls are equally matched by puts, forming straddles. Ignore the super OTM puts. Look at the ones closer to the money. Mostly puts. + +Closed gold puts. + +11:00 - bought VXX calls and more SPY puts. **Follow these with caution.** + +I think some firm got duped and got stuck with tens of millions of dollars worth of calls. They're going to start liquidating gold and TLT and try to prop up SPX to stop the bleeding. + +HUGE block 6000 puts, 2300 strike. Ruthless. Simply ruthless. + +12:15 - sold all my SPY puts. Hit my 251 target. Sold VXX calls. + +Just have GLD puts. Waiting for near close today. + +1:25 - Fed just announced QE, full nuclear option. Just for reference 500 billion is all of Q1 2019 QE. Fed is pumping more than 1.5 trillion into the markets. Waiting to see who blinks first. + +2:25 - Getting a few calls. Expecting a run up, and most likely a respositioning to puts near close end of day. + +Just for reference, tons of calls on SPX but even more on SPY in comparison to balance out. These indices shouldn't have such a large dichotomy. Whoever blinks first... + +3:00 pm - closed SPY calls. I saw huge orders of VXX calls. The SPX calls most likely just sold to bagholders. The real accumulation is in SPY puts. Be careful. + +3:05 - Bought SPY puts and VXX calls. + +3:15 - This is what's going to happen. We are going to have a nice run up near end of day, as shorts cover, and TLT draws down. What's happening behind the scenes is that SPX OTM calls were sold to confuse people. What's really happening is they're buying near OTM puts around 230-253. + +Tons of VXX calls bought. This is the key. There are tons of SPX calls far OTM sold, and tons of near ITM SPY puts accumulated the past few hours. Who is right? SPX or SPY? + +3:30 - 12,000 SPX puts just purchased. + +3:40 - I have SPY puts, VXX calls, GLD puts. Tomorrow is going to be the storm. + +================================================================================= + +4/12/20 Update 4 - Sorry, I know this post is getting kind of long. I just want to keep adding to here because I have no idea how long the next post will take to get approved. Want to get this information out as soon as possible. I'll make a post this weekend describing today's price action. I think it revealed a lot of information and why tomorrow is designed for a big drop as well. + +https://preview.redd.it/1gsfcyjfmcm41.png?width=2122&format=png&auto=webp&s=84a4cfbd6b5d8c8504d9245cdfc208c92eb4f39b + +233.8 is the December 2018 low. I think that is the lower end of tomorrow's trading range. A few days a go I said we would hit 269 and we did. Then 250 or 247.8, depending on if you're looking at /ES or SPY. Look at the red spikes of the last trading day. The sell volume is strong. There is still panic. + +I have a meeting unfortunately from 3-4pm. So most likely I will just sell as we close near that December 2018 support, and go full cash into the weekend. I probably won't enter trading until Monday around 3:50 pm as per usual. + +3/13/20 4:15 am - I keep getting pinged about the futures. I'm just gonna leave this here. [https://www.youtube.com/watch?v=gMShFx5rThI](https://www.youtube.com/watch?v=gMShFx5rThI) + +"What's important when you're in the hedge fund mode is to not do anything remotely truthful, because the truth is against your view, that it's important to create a new truth, to develop a fiction." + +"You don't want to raise in May and cut in January, you look like Mexico for heaven's sake. I mean this is like a distinguished group of people who went to really good schools. They don't want to look like dopes." + +Based on the price action yesterday, based on the buying of those SPY puts, the selling of those SPX calls, the fact that constantly every single time there is some game in this week of trading, I believe that there is more going on. Sure, I may be wrong about the market today. But my position sizing will not blow up my account. Regardless, Wall Street wants 0% rates. The only way to do that is to scare the Fed. Who is really in control of the rate cuts? Who throws a fit when things don't go their way? Who is willing to take anyone down on their way when they got caught with their pants down? + +I just want to say, be careful about the smoke and mirrors. Lot of things are going on underneath the surface. + +8 am - Yesterday, the fed offered more than 500 billion in repo. Only 78.4 billion was taken. Today, the Fed just offered more than 1.1 trillion in repo for today. What are the signals? Why is Wall Street not taking the money for liquidity? Check this out: [https://www.biancoresearch.com/the-moment-in-this-decline-has-arrived-2/](https://www.biancoresearch.com/the-moment-in-this-decline-has-arrived-2/) + +This could possibly be way worse than 2008. + +8:30 - 24.1 billion in repo taken. Last update will be 9am. + +9:00 - 45.1 billion. + +&#x200B; + +Net repo: 86.5 billion out of 1.15 trillion + +9:05 - Brace yourselves. + +9:18 - Mnuchin says coronavirus sell-off will be great opportunity for long-term investors like ’87 crash -CNBC + +Sounds like he knows something. + +9:25 - Set a stop loss for your positions. If a loss exceeds your threshold it will be sold at market price. This also helps set good limits to your trading. + +10:15 - Tons of SPY puts purchased around 9:45. Tons of SPX puts. Both SPX and SPY order flow is the same. + +[3\/13\/20 SPY Order Flow](https://preview.redd.it/7uh9gtl88gm41.png?width=2806&format=png&auto=webp&s=571b013f3840482cdeffdbd6e21538f792f31d6c) + +10:20 - Buying more SPY puts and VXX calls. + +10:30 - My reddit notifications are not working. If you want to ping me, just message me directly. + +10:50 - Straddles opened on SPX. Vol will most likely pick up. + +11:00 - Trump trying to pump on Twitter. + +11:05 - More large tranches on that bounce for SPY. + +https://preview.redd.it/nf35co0oggm41.png?width=2806&format=png&auto=webp&s=25b97e676fe1acc4a7718c05e9d9b4b2578bdcea + +11:10 - Be very careful with the puts. Huge put orders on TLT. Possible bounce incoming this afternoon. + +https://preview.redd.it/hlve96a4hgm41.png?width=2806&format=png&auto=webp&s=21dd344328ecd4e3c19270efc483f9aa8709b611 + +11:15 - Selling VXX calls and GLD puts. Holding SPY puts, but watching TLT puts and seeing if there are tranches of calls for SPX or SPY. + +Unloading puts slowly. I'm seeing these smaller 1-2000 spx calls peppered in. I think the mass selling of puts is just to collect premium and they sneak the smaller spx call orders. This lines up with TLT puts, and also lines up with VXX puts. + +&#x200B; + +11:20 - Trump to declare national emergency. + +11:25 - Sold puts. + +11:27 - Call orders starting to come in. Going to go start a small position with calls. + +11:45 - I need to go offline for a bit. I see more than 60,000 TLT puts. + +Please be careful! + +13:10 - Don't think many people will know what happens until the 3pm conference. Lot of straddles being played on SPX. Seeing more VXX calls. Lot of uncertainty. + +13:15 - Going with calls on GLD. The price is pretty close to my target of 1500. + +13:45 - Sold SPY calls. Need to prepare for meeting. Best of luck everyone. +Here's a video DeFI Summit posted Sept 27th 2019 where Matt Finestone describes his roll at Loopring as Business and Operations, says he comes from a Finance background and he used to be a Bond Trader and Fixed Income Trader at an Investment Bank, says he has a Market Structure Background and he's not a developer. They could have hired a Business Ops guy from anywhere but they got him from Loopring because of his intimate knowledge of their product and it's ability to create an Alternative Financial System. + + +He talks about his background starting at 1:52 + +[https://www.youtube.com/watch?v=FEf6GC5p8hU&t=4s](https://www.youtube.com/watch?v=FEf6GC5p8hU&t=4s) +Hi all, I've been thinking a way to do a chart analysis and also get the community to share their thoughts. I figured let's just start with a weekly chart analysis to talk about the historical trades that i took, and maybe I'll share some of my thoughts on the zone that i am eye-ing for next week. + +Let's get started :) + +# AUDUSD + +22nd -24th June 2020 + +&#x200B; + +https://preview.redd.it/i6ezpjagpm751.png?width=583&format=png&auto=webp&s=b5dd0d9a6ecc77dfe781cd7faea99cd0efa15331 + +24th June - 26th June + +&#x200B; + +https://preview.redd.it/0i4oyu2srm751.png?width=651&format=png&auto=webp&s=48a9d37bcf986c902223986d5ab36a7ceeaf9af7 + +# EURGBP + +On this week EURGBP is more straightforward + +22nd June + +&#x200B; + +https://preview.redd.it/arqkfe63um751.png?width=320&format=png&auto=webp&s=0a90eb49d07434cd5c5fb6461b452a24ca4fda94 + +As the rest of the trade is based upon the same support line, i'll just analyse all those trade within the same screenshot + +23rd to 26th June + +&#x200B; + +https://preview.redd.it/3ejehd3mwm751.png?width=711&format=png&auto=webp&s=a4a32f5b0f3862e4f978c81b58e82ec6ff33cde2 + +&#x200B; + +Next let's review and analyse the current and some key levels for next week: + +# AUDUSD for Week 3 + +# + +https://preview.redd.it/mn7zv1vfxm751.png?width=671&format=png&auto=webp&s=3ce10d0616e45e5a173a706b62e14e2598b43d04 + +# EURGBP for Week 3 + +&#x200B; + +https://preview.redd.it/se8631hwym751.png?width=739&format=png&auto=webp&s=c0c72c133eaca8f44607265065dcef9df63dc63b + +Let me know what do you think about this as a weekly post, if i don't really get much collaboration or any constructive suggestion, i would probably not bore you with the details and only provide progress updates. +Hello everyone, + +I’m a 22 y/o male living in the Pittsburgh area. Just graduated college last May and I’ve been at my full time job for just over 6 months now. My current salary is 50k (expecting a 10% raise in July). I have a 401k at which I’m currently contributing 8% as well as a Retirement Wealth Builder account that my employer contributes to regularly. I opened a Roth IRA just last month as well. + +So my question is, what are things that I can do outside of my wages and investments to build wealth? It seems like everyone I know has side hustles that they use to make money extra money. I know people that buy and flip cheap cars. I have a few friends that flip shoes / clothing, etc. I just feel like I’m not being ambitious enough when I’m getting my paycheck, putting it into my 401k / Roth, and waiting. Yes, I want to continue to contribute to those as a safety net for retirement, but I want more ambition and options. + +Any suggestions on how to start small and move up? + +Thanks! +Asking this on behalf of a friend who lost her father about 5 years back. The friend informed that her father had some stocks and mutual fund investments, but has no information about its whereabouts. + + +What's the best way to find out if there were any investments? She has PAN number and other personal details. + +Any leads would be of great help. + Hi all! + +I'm currently 35, married, and our first kid is due in November. My wife makes $90K + incentives at her job. I make about $300-400K running my own business. My wife doesn't care about investing so I have have her buying VOO every week. + +I'm much more interested in investing. I made a couple bucks in 2020 when the market was bonkers, but now I really want to get serious about it. I starting DCAing into VOO in mid Feb. along with QQQ, SPYG, and SCHD. I simply thought tech rules our lives and it should be a good investment. I learned quickly that the stock market doesn't work that way. I was investing $250 into each weekly, but in mid May I started putting the whole $1K towards SCHD to slow the bleeding. Now that QQQ is down 30% since it's high, I'm going to go back to spreading it out. I sold SPYG for a loss and put the money 50% into VOO and 50% into QQQ. I'm now doing $333 into VOO, SCHD, and QQQ. My business takes up most of my time and I'd like to just put this on auto pilot. + +I'd like to eventually retire in 10 yrs, most likely 15, and live off the dividends. We bought a duplex back in 2016 and live in the first floor unit. The rent and write offs pretty much have us living here for free. We'd make about $1K/month after expenses when we rent out both units. We're hoping to purchase a home with our first kid on the way, but might have to wait out this market a bit. + +What do you guys think ? +I have a final interview for a role similar to my current job coming up that is completely remote. My current job has no remote flexibility (due to my boss, not due to the organization or role itself) which is something I seriously want. I commute about 25 minutes each way which I hate, and I also don't particularly like my job. The new job also has twice as many vacation days and offers sick days which I don't currently have. The big downside is that I currently make $52,000 per year and the new job would be $44,000 with no room for negotiation. Does anyone have any advice? My heart says new job if offered but my brain says that $8,000 difference is pretty huge. +I’ve been seeing a LOT of posts about “not caring about price anymore just in it for market change.” + +And memes about how exposing illegal practices and market manipulation is all they’re thinking about. + +This narrative is bullshit. + +Change all the rules you want and put another bandaid on the system all you want AFTER this shit squeezes to kingdom come. + +I’m in it because I see great potential in the company with the possibility of a squeeze. + +If this exposes and forces the world to take what these criminals do more seriously, great. + +But that’s not why I’m in it. I’m in it to get fucking paid. I’m in it because these funds got caught with their pants down and there balls are now being held in a vice grip. + +I’m in it because I took the risk after doing my own research to see there is real potential with this company and a very real potential in an FTD and short squeeze. + +WARNING: If this narrative keeps being pushed it opens a door for a possible escape route. + +Example: SEC cracks down, Citadel is thrown under the bus, they expose their naked shorting and force Citadel to reimburse every synthetic share at current market value. Most likely driving Citadel to bankruptcy, or close to it, and containing the fall out. + +How can apes be mad? They got their justice! They exposed this massive market fraud and we have fixed the issue and the retail investors were protected! + +Stop upvoting and pushing this narrative. +I currently manage around half a million dollars and have been trading for 6+ years with 3 years of consistent profitability. Paid for my trading lessons the hard way by losing a lot of money at first. Here's some advice that might help you. + + + +1) Treat trading like a business. I know you probably heard this 100 times before but I feel like I should emphasize this point. Majority of traders overestimate their ability to make money and underestimate their risk exposure. + + +2) Think long term. The more complex your trading system is, the less freedom it has in terms of flexibility because of too many variables in your analysis. So, keep your trading system simple. + + +3) Do not rationalize or predict the market. Do not look for comfort in your strategy. In fact, do the reverse. Find comfort in the thought that markets are chaotic and there's always a good chance of you losing a lot of money. This should keep you up on your toes and controls your greed during a profitable streak (You are not a money printing machine, trust me. ) + + +4) Every trade you open should be assumed as a loss. This is very important in terms of having a healthy mindset towards managing risk. I never open a position based on how much money I can make. I do it based on how much I can afford to lose in this particular trade. + + +5) Biggest mistake I have observed while working with other traders is not doing their homework. If you don't plan your trades before the day even began, then you will develop a mindset of chasing the market which will lead to your downfall. Which brings me to my next point + + +6) Maintain three things - a) your daily trading notes that you read before you begin trading b) market observation notes which includes particular strategies and observations in specific markets and c) a full fledged trading journal where you record everything you traded. Always remember that majority of your trading work is done when you're not trading. + + +7) Journaling is the most important and also most neglected part of trading and most traders, including some very good traders do it in a wrong way. How do I know that? + +Let me ask you something : Tell me about what kind of trading setups were the most and least profitable in the last 100 trades. Explain them to me in detail including your analysis and opinion on what you think might have happened. + +If you can answer this in detail and with specific examples from your last 100 trades then I know you have a good journaling habit. If you cannot , then it's time to improve on your record keeping. Remember that your journals are the only way you can guarantee that you will grow as a trader. + + +8) Remember this no matter what - Not having a position in the market is itself a position if you know what you are doing. There's no need for you to always trade all day everyday and try to make money. In fact, I can guarantee you that markets will not always behave according to your trading system and during those times trying to "find a needle in a haystack " type of behavior is reckless and will take an emotional toll on your mind. Just sit on the sidelines if the market isn't moving according to your system. + +9) There's no thing as overbought or oversold scenarios especially in forex. Heaving a bearish bias because the market moved up by a lot is just ridiculous and most likely guarantee that you miss out on bullish scenarios. If you start developing a bearish bias after a huge bullish move then you better have a damn good reason for it instead of just saying " It moved up by a lot so I'm expecting a reversal". + +10) This one is a personal opinion. Always remember to take breaks and relax during the weekends. Managing stress while maintaining performance is a huge part of the job and I don't want you to burn out after a few months of serious trading everyday. Maintain a decent social life outside of trading to keep your sanity intact. Get some hobbies. Your health and well being is very important to your long term performance as a trader so don't neglect it. + +If you go on Twitter you can see the letter from the US Senate representatives yourselves. It doesn’t look great to be honest. They want to obviously know how it’s backed and if it’s truly backed which is the million dollar question. The senate wants answers to the questions asked in the letter by December 3. I also find it odd that Coinbase is having issues almost at the exact time this was announced. + Nobody knows what’s going to happen but buckle up because it’s about to get bumpy. I hope we get some answers because this has been going on too long +Looking to hear from people that have had a path to fatFIRE and given it up. What are your regrets and observations? + +We are mid 30s, VHCOL, tech industry, \~2M net worth mostly from fat income during the covid boom. Income between my partner and I is highly variable (IPO windfall, company equity, carry, bonuses etc). $500k/yr would be the minimum going forward, but last year we made $1.5M. + +We're planning on moving countries to increase quality of life, buy a house, and enjoy the time with our young kids. We'll keep working (perhaps part time), but earning potential is tiny compared the US. + +I'm not after a lavish lifestyle, I just see 1 year income on our current path as many many years income if we leave. That said, the kids will never be young again... +Some points which prompted this question: + +**In 2008, Indian markets followed world trend and cashed as well, but it recovered much quicker than the Western markets because (I have read) that the Indian markets are much different from Western markets. + +EuroZone is basically.an agreement of open borders within Europe & sometimes I wonder if it's existence/non-existence will impact India at all? + +Economist say that over a 40 year period, the currency return in terms of $ had historically almost always tended to zero. So, currency is something whose value is always played with by the Govt and hence, investment in currency is never a good idea** + +Thank you for reading. I have 5-7 year investing experience and my knowledge is not so sound about many thing. I really appreciate your knowledge sharing/insights about this post. +EDIT: ICYMI - there were a volume mismatches blamed on server reboots. +(X) Doubt + +I’m gonna keep this short and sweet: + +Outside of special sauce cloud computing software the big boys (AWS, Azure, Oracle db, etc) provide their customers, the major selling point of data centers it twofold; cost through scaling/distributed use and reliability through redundancy. The first selling point you usually read about in the marketing literature from any data center service provider is their adherence to maintaining “5 Nines” or 99.999% uptime and 99.999% availability to their customers. This engineering philosophy is maintained through a variety of channels, with the key factor behind most of them being redundancy. Yes, just like with your NAS’s RAID array for your 16TB of chicken tendy memes on 3 Seagate EXOs disks, data centers also have redundancy built in, but at more levels than just storage. + +This post already feels way too long as I type it out on my phone, so I’m gonna skip the details on modern data center topology. The likelihood of arguably one of the most important set of common service trading hosts (I can practically guarantee it’s not run on just a single server let alone a single host or network switch) requiring a reboot in the middle of the day when the service doesn’t even need to meet 5 9’s on 24-7 availability is sus AF. + +If you know more about the specific topology of CTA or the exchange networks in general, please shoot this down (or offer me a job to get me out of California). I’ve got a sneaking suspicion the whole “server reboot” story is basically the same line as “sorry, the ice cream machine is broke” you hear from McDonalds. +How many times have you thought you were onto the next BIG project.. + + +Only to get wiped out by bots, honey-pots, rug pulls, and more 😤 + + +Your hard-earned cash scooped up by some derelict children with less business sense than an authentic Japanese store selling products made in the USA! + + +The era of community tokens is here, and it's only getting bigger. + + +But.. + + +That growth is unfortunately generating countless opportunities for scammers to clean you out. + + +So how do you invest your money in a safe, effective and rewarding manner where you can go to sleep at night, without stressing about waking up to a dead coin? + + +The answer is simple. + + +MoonRetreiver, the first BSC Risk Assessment Platform that aims to take the community token niche to a whole new level, bringing an array of features together, where you would normally have to.. + + +\- Check multiple websites +\- Search for vulnerabilities in code +\- Understand tokenomics +\- Collate all the data together and make a decision + + +For most of us, this simply isn't possible. + + +So, why can't we have a platform you log into like ANY other portfolio/tool based software that covers this specific niche within the crypto world that harbours so much potential for incredible, life-changing growth? + + +This is was brought the team behind MoonRetriever together. + + +They believe so firmly in the future of community tokens that they have dedicated their focus towards creating the GOTO platform for safety & security in this amazing space. + + +You can find their website and lite paper here: [https://moonretriever.com/](https://moonretriever.com/) + + +Before you do though! + + +Check out this video on them: [https://youtu.be/EUjNykhYw9k](https://youtu.be/EUjNykhYw9k) + + +...and continue reading on below 👇 + + +I think it's worth noting some of the achievements and updates they've already achieved: + +1. They had an incredibly successful launch hitting a $20M market cap in the first few hours + +2. Despite being a few days old during one of the biggest crypto dips they've had in a long time, they've held our community base and MC strong. + +3. They’re doxxed, fully audited, Gov issued ID's and all + +4. Trended #1 on Coinhunt.cc (next availability for promote section booked for June 3rd) + +5. Huge marketing plans on the way (Top tier influencers, comps, etc.) + +6. Sneak peek of the UI/UX on their upcoming platform, looks and sounds amazing! + +7. Community is absolutely amazing, so supportive, respectful and fun. + +8. Getting real close to 13.000 holders! + +9. Super active team members, almost 24/7. + +... and so much more! + +&#x200B; + +With the market finally looking like it wants to recover, they've got some very exciting news to surprise the community with very very soon. + +There was an announcement this morning saying they’re pushing out an initial wave of influencers and partnerships now that the market is looking better - while they’re waiting for the perfect opportunity to bring out the real deal they’ve got hidden up their sleeves. + +Also they mentioned that they will be having a voice chat where the lead devs will hold a voice with the community, give some updates and hold a Q & A. + +I got zero doubts about this team and there’s a lot juiciness coming these days ahead of us. + +Join their TG & don't miss out: https://t.me/MoonRetriever +There’s so much positive talk about SCHD on this form. I have a large portion (65%) of my 401k account in VOO. Should I consider changing this all to SCHD? From what I’ve read: +VOO has 500 stocks, SCHD holds 100, SCHD has beaten VOO by .4% annually on average for the last ten years. VOO seems to be more diversified. SCHD seems to hold less cyclicals +healthcare which I personally believe will do well over the next few years should a recession come about. SCHD does have a better 1 year return. Am I missing something? Are the tools I’m using to compare not factoring in the dividend yields? + +Background: I’m young and have about 25-30 yrs to retirement. + +Thanks +I took screenshots of GMEFLoor one minute apart, and I got $66,086,995 at 09:16 EST and $66,087,156 at 09:17 EST today. + +That’s about $161 per minute on GMEFloor. Maybe $162. I think I was a *hair* faster on my second screenshot. + +Starting at Nov 22 at 09:17 at $66,087,156, it takes 20705.497 minutes to reach $69,420,741 at a rate of about $161 per minute. + +20705.497 minutes is 14.378817 days + +Dec 6. After market close. *EARNINGS CALL* + +Who made GMEFloor AND WHAT DO THEY KNOW? + +Edit - took another datapoint at 11:49 and got $66,111,780. That’s 152 minutes and $24,624 difference. *Exactly* $162/min + +That puts $69,420,000 at 4:10 and $69,420,741 at 4:14PM on Dec 6. +Every fucking thread I see on this useless-ass sub is something along the lines of: + +"i might have to spend $50 dollars, what do?" + +"how do i invest in a retirement account that will net me 0.000000000000002% bi-annual, guaranteed, in interest?" + +"uwu I'm so scared that I inherited 500k, I don't want to mess this up, what do? uwu" + +JESUS FUCKING CHRIST + +My retirement account is $10 worth of lead, and $0 worth of shotgun I can find in my redneck relative's barn. Holy actual fucking shit, stop being such massive pussies, so what if you lose everything? Life is a prison and you are an inmate, subscribing to this cautious philosophy only makes you God's bitch. I have more respect for that guy who literally thought Butterfly spreads were free money than you ACTUAL pussies. This HAS to stop, and reddit needs to OURIGHT BAN subs like these, for encouraging an absolutely toxic way of living your life. + +Fuck off and die, /r/personalfinance + +You too, /r/investing + +lil bitch ass, pussy ass bitches + +fuck + +&#x200B; + +EDIT: Guys, I barely remember making this post, because I did it after 5 shots of gin that I had out of despair for not being ready for my midterm today, which I ended up learning is a take-home exam. Also cause all I need is like, 20k. Just 20k, and I can start making my dreams come true. But naw. My lucky ass can only make like 300/week from UPRO calls. +According to the CNBC. Surprised or about what you expected? Extrapolating out to the country it's about 8 million+ claims nationally. + +"California Gov. Gavin Newsom said Wednesday that the state has seen 1 million unemployment claims in less than two weeks as the coronavirus pandemic has led to businesses being shut down across the state.  + +'We just passed the 1 million mark, in terms of the number of claims, just since March 13,' Newsom said.  + +Newsom's announcement comes one day before a key national data release on new jobless claims for the United States, which some have projected to be in the multimillions. The initial claims data has never before surpassed 1 million, and it was 285,000 last week." + + https://www.google.com/amp/s/www.cnbc.com/amp/2020/03/25/california-sees-one-million- +So I guess welcome to meme economy or whatever but hear me out. So I was collecting BB stocks for the last 6 months for no other reason but "believing in the company". I was just buying little here and little there when I could. At this time I have around 550 shares with average price of 11.54 and I think I was around breaking even. I was not aiming at selling anything but giving what is going on with the price it got me thinking. I mean I made like 2.5k in few days for no other reason but reddit doing some market bs again. I don't understand any of it so I can't say with any degree of certainty what will happen in the near future. I think it will just fall to $10 soon and maybe I just need to dump the stock while I can. Someone can shed any light on what one would do in my situation? + +&#x200B; + +Update: Sold 48% of the stock at $18.91. Might be a big mistake but whatever. +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! +Let’s assume that the price of ETH is impacted by transactions on the ethereum mainnet. Would adding tokens like BAT for example to coinbase increase the number of transactions on ethereum or no? +About three times a week, I open robinhood to see all of my stocks in the red. In addition the only article on my app blames the inverted yield curve. + +Fuck you inverted yield curve. I don’t know who or what you are but fuck you. At least I may be able to snag some cheap spy calls today though. + + +EDIT: Turns out the Inverted yield curve actually came through for me and my Macy’s calls today. Special shout to the big man himself. +It's taken years of financial complexity to finally reach a simple, fatFIRE setup. + +We have a family trust with an $8m portfolio that distributes dividend income to my spouse and me (\~$250k/year). No other sources of income, no consulting, no other businesses, nothing! + +Our accounting firm is charging $10k/year for filing our returns. This may have been justified in the past, but seems ludicrous going forward. + +Are we getting ripped because of our net worth? +I bought bitcoin. (A substantial amount) back in 2013 for $400. It ran up to $1200 before crashing down. I was mocked for not selling it. Today those bitcoin are worth $8 million. Note that I have sold a handful along the way and also covered calls but I still own 70% of my holdings. + +Edited: it doesn’t matter if you believe me. The point is not to brag but rather teach you all a lesson to listen to your own instincts, and do your own research rather than listen to friends who want to say “I told ya so”. + +My btc is in cold storage across two states and 4 locations. It’s impossible to steal or hack. The key is broken into 4 parts and spread across these locations. +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! + +We don’t qualify for assistance, we “make too much” + +I’m sick of constantly checking our bank account. + +I’m sick of wanting to treat myself but not being able to. + +I’m sick of treating myself then living with the guilt. + +I’m sick of crying from the stress. + +I’m sick of working full time plus a side gig. + + +I’m sick of worrying. + +I’m so sick of worrying. + +We’re one medical emergency away, one car accident away, one poorly planned big expense away from homelessness. +Hold on here because some of these names are pretty arcane and most are based in financial history (the best way to learn is by example): + +1) The Crash and its Aftermath by Barrie Wigmore + +2) The South Sea Bubble by John Carswell + +3) Titan by Ron Chernow + +4) The First Tycoon by T.J. Stiles + +5) The Life and Legend of Jay Gould by Maury Klein + +6) The Big Short by Michael Lewis + +7) Barbarians at the Gate by Bryan Burrough and John Helyar + +8) King Icahn by Mark Stevens + +9) Dangerous Dreamers by Robert Sobel + +10) Money Wars by Robert Sobel +Hold on here because some of these names are pretty arcane and most are based in financial history (the best way to learn is by example): + +1) The Crash and its Aftermath by Barrie Wigmore + +2) The South Sea Bubble by John Carswell + +3) Titan by Ron Chernow + +4) The First Tycoon by T.J. Stiles + +5) The Life and Legend of Jay Gould by Maury Klein + +6) The Big Short by Michael Lewis + +7) Barbarians at the Gate by Bryan Burrough and John Helyar + +8) King Icahn by Mark Stevens + +9) Dangerous Dreamers by Robert Sobel + +10) Money Wars by Robert Sobel +I’m new to investing (7 months in) and I genuinely enjoy learning about industries I had zero previous knowledge of, then about the specific company, its goals, it’s managers, and how I think it will fit in to the future of the economic landscape with a 3-5 year timescale… + +BUT… I get overwhelmed by financial reports and struggle with the basics. I like listening to a well delivered quarterly, but then I find myself looking at other peoples analysis and I’d like to be able to do my own DD. + +How do you do it? Any handy tips for a fellow ADHDer with an adversity for numbers?! + +[FWIW I’m 100% in on £HE1. Inspired by ‘The Dhando Investor’ I can make this back in a year if I lose it all. Will diversify further come June when it will have HOPEFULLY 2.5x’d from where it is now] +I've some family from the US visiting and they think the £3 meal deal from Tesco is the bees knees and great value. Until recently it offered a protein bar as snack - worth normally £2.50 itself! I can't find a better lunchtime deal than this, can anyone else? +This seems counterintuitive. Are they just better at analyzing trade data to where the data from each trade is more valuable than the commission? Are they doing some "product placement" and prioritizing the sale of certain securities? I'm wondering because I've been wanting to expand my investments after maxing out my retirement contributions through my employer, and I don't know if taking advantage of $0 commissions has some downside I'm not aware of. Note that I'm not interested in day trading or speculation, I'm trying to build up some passive income. +The rate of energy cost rises intuitively should be lower than that of gas, especially considering that many European countries have other sources of electricity as well, such as nuclear power and renewables. + +Also especially, why are energy bills in the UK rising, when the UK mostly relies on itself for natural gas? While the gas prices globally are higher, due to the War in Ukraine, it is meant to be hitting Europe harder than countries less dependent on Russian gas, such as the US. Why is the UK not economically protected as well? +If I google whether the Euro is a good idea I mostly get a lot of what seem to be either politically biased reviews of it, or they are just polar opposites of each other. + +It seems intuitively to be a good idea to me because of the potential for easier regulation and removal of a lot of bureaucracy, but the most common thing I hear to its detriment is that it does not allow 'mobile monetary policy', and that a lack of control for smaller countries like Greece means that they get essentially steamrolled by Germany and France during their terrible recession. However to me it seems as though without the Euro, Greece would have just defaulted on everything and been even worse off. + +I have no ideological stake in this; I ask mostly because I would like to know more about which is the better system, if such a statement can be made. At some point there will be talk about the UK rejoining the EU, so I'd like to have a better understanding of whether the Euro would benefit me and other Europeans when that happens. +The rate of energy cost rises intuitively should be lower than that of gas, especially considering that many European countries have other sources of electricity as well, such as nuclear power and renewables. + +Also especially, why are energy bills in the UK rising, when the UK mostly relies on itself for natural gas? While the gas prices globally are higher, due to the War in Ukraine, it is meant to be hitting Europe harder than countries less dependent on Russian gas, such as the US. Why is the UK not economically protected as well? +Pretty much every analysis of rising rents in US cities shows that they have been outpacing increases in income for the past 40 years or so. I know economic speculation is difficult and perhaps even problematic, but is there anything to suggest that that this is particular to the current economic paradigm, or are continually ballooning rents essentially our destiny for the foreseeable future? +The rate of energy cost rises intuitively should be lower than that of gas, especially considering that many European countries have other sources of electricity as well, such as nuclear power and renewables. + +Also especially, why are energy bills in the UK rising, when the UK mostly relies on itself for natural gas? While the gas prices globally are higher, due to the War in Ukraine, it is meant to be hitting Europe harder than countries less dependent on Russian gas, such as the US. Why is the UK not economically protected as well? +This restaurant i wanted to eat at has a 2 hour line at 6pm on a wednesday. Clearly there is something messed up with supply demand here, why wouldnt they increase prices +It seems, of the oil imported to the US, [only 3%](https://www.aljazeera.com/news/2022/3/3/how-much-oil-does-the-us-import-from-russia) comes from Russia. Gas prices have been on the rise for various reasons, but seemed to take a steep rise with increased worry about Russian sanctions extending to cutting off Russia's primary source of income. What are the main factors that drive gas prices? +I’m looking to purchase my first house with the intent to live in it short-term and then rent out after a couple years. In the area where I’m looking I can get a new/new-ish home for $220k-$250k about a 20 min drive from downtown proper. A similar size home downtown that is much older (1920-1960) would cost around the same, maybe a little more, and would be completely remodeled. I personally don’t love the frame and look of the old houses but I’m trying to think of it from an investor point of view. In general, does it matter? This is a growing city and I’m planning on holding long-term. +Every time I check my bank balance, I round it down to the nearest £5 and put the difference towards my mortgage. We budget, but the budget isn’t so tight that we need to count the pennies, so I don’t notice the money is gone. Today’s overpayment was £1.67, which is about typical. My husband usually laughs at me a little for doing it, because £1.67 is obviously such a tiny tiny fraction of the balance owed so he says it isn’t worth doing. + +However, my husband checked the mortgage balance today as well, and noticed that we’ve made over £250 In overpayments so far this year! This has all been down to me ‘tidying’ the bank accounts, and I have to say, I’m thrilled that I’ve managed to save so much without missing that money at all. Does anyone else do this, and if so, what do you put the money towards? + +So this is just encouragement really, that saving the pennies really does make a difference to your long term goals (and that multiple £1.67’s will eventually pay off my mortgage!). +It seems like everyone in here has a 100% equity portfolio, with many only being invested in the S&P 500--or worse, just a tech ETF. I suppose this is fine if you're a young investor, but this seems incredibly risky if you're older. + +Have people forgotten that stock market crashes are a thing? It took 25 years for the market to recover from the 1929 crash, and US stocks declined for a decade after the 2001 crash. Why is everyone so bullish lately? + +It's incredibly important for an investor to diversify into different markets and into fixed income, but it seems no one here wants to buy anything except the S&P 500, due to its recent performance. + +Am I the only one here that thinks that this will end badly in the near future? +Reading through some motley fool reviews. Lmfao + +https://preview.redd.it/70pq4d5wepb71.jpg?width=2476&format=pjpg&auto=webp&s=14084830c87dec429b2bc8e3234ade1e0cd0af84 + +&#x200B; + +https://preview.redd.it/g708zwfyepb71.jpg?width=2412&format=pjpg&auto=webp&s=46280255d1611b4897e5b86747debdc8b548d967 + +&#x200B; + +https://preview.redd.it/d05x1gezepb71.jpg?width=2451&format=pjpg&auto=webp&s=498e57bb0e360f7a7fdf1364b7f9b92f8f626618 + +&#x200B; + +https://preview.redd.it/1zjynad0fpb71.jpg?width=2456&format=pjpg&auto=webp&s=5134346d5de4393fcc41f067f2900ea8b199f6e7 + +&#x200B; + +https://preview.redd.it/tfkzch61fpb71.jpg?width=2469&format=pjpg&auto=webp&s=4f2d09aeb98da274d98c5273e30998bf35ec2047 + +&#x200B; + +https://preview.redd.it/40kgaas1fpb71.jpg?width=2485&format=pjpg&auto=webp&s=8b05e116378f74ad6ba3f714ddc3db83740e2c06 +*A note before RC’s article below: If you are ever fearful, uncertain, and/or doubtful about GameStop’s ability to overcome the parasitic criminal shorts, JUST REMEMBER: THIS is the man we’ve entrusted with BILLIONS of dollars. Read it, read it again, and then watch the FUD completely evaporate* + + +*Link to original article: https://www.entrepreneur.com/article/349890* + + + +By Ryan Cohen May 4, 2020 + +Everything I know — from empathy to the principles of making money — I learned by following in the footsteps of my late father, Ted Cohen. We spoke for hours every day. He was, and always will be, my best friend, advisor and biggest advocate. A successful glassware importer with an impeccable work ethic, my father never missed a day on the job. If he were here today, he’d be worried about the millions of unemployed and struggling businesses across the country. The warehouse workers, drivers, construction workers and small-business owners — those are the people he respected most. Looking back on his life and influence, the following five principles he showed me were critical to my success building Chewy.com and investing. + +**Watch your expenses** + +Disciplined capital allocation is one of the most important skills for running a successful business. Thanks to my father, I had the privilege of learning this firsthand. He kept track of every expense —his power bills, daily gasoline prices that impacted transportation costs, the individual prices of hundreds of glassware products that he sold. My father also kept tabs on Chewy’s metrics. He memorized the key performance indicators in both of our businesses. + +At Chewy, we had maniacal discipline when it came to how we spent money. The company-wide culture of frugality came from his example. Free cash flow was our unwavering governor of growth. We grew Chewy from $200 million in sales in 2013 to $3.5 billion in 2018 while spending only $130 million in capital, all of which went into opening distribution centers across the country and acquiring new customers. + +**Delight your customers** + +My father always repeated this quote from his own father: “If you take a carload of this (pointing to a pallet of glassware) you’ll make more money. But if you take a carload of that (pointing to a different pallet), you’ll make less money, but you’ll keep the customer. So, take a carload of that.” + +When we started Chewy in 2011, selling pet food online wasn’t a novel idea. The field was crowded with competitors, including Amazon. But our mission was to delight customers in a more personal way. We believed combining the experience of the neighborhood pet store with the convenience of shopping online was a key differentiator. The focus was fast shipping, competitive pricing and providing customers with a hyper-specialized experience. My father showed me how building lifelong relationships with customers was far more valuable than optimizing for short-term profits. + +**Be the person others want to follow** + +My father led by example, but not in a deliberate way. It’s who he was. He never patronized anyone. He admired the blue-collar worker. I watched him roll up his sleeves and help his employees move shipments of glassware from trucks into the warehouse, then put his suit jacket back on, shirt drenched in sweat, and do administrative work. I’ve never seen anyone work harder. + +I was fortunate to find employees at Chewy who worked relentlessly to grow the company from a three-person operation to a household brand with more than 10,000 employees. We didn’t disrupt the pet industry by accident. Our team made huge sacrifices. We opened our first fulfillment center in early 2014, and everything from the warehouse management system to the Wi-Fi would constantly break down. The team worked 16-hour days for weeks until our supply chain was humming. Everyone from the fulfillment staff to the directors and executives were committed to Chewy’s success. You don’t get that level of dedication by leading through fear. My father always said, “You catch more bees with honey than with vinegar.” + +**Take the long view** + +My father was never looking to make a quick buck. He had no interest in material possessions. Every year, through thick and thin, he invested his savings into the stock market. He believed the real money was made through time in the market, not timing the market. When I was 13, he gave me a chart comparing real estate to stock market returns since the 1920s. Real estate annualized returns were around 4 percent, and the stock market was around 9 percent. It didn’t take long for me to figure out which I preferred. I’ve been investing ever since. My father never invested in any fancy funds or paid management fees. He bought blue chip companies and held them forever. His 20-year annualized stock returns were over 10 percent. He never borrowed money or paid interest. + +As we scaled Chewy, many advised us to slow down and raise prices. We disagreed. Key to our success was obsessing over customers and market leadership. Over the long term, customers and profits intersect. + +**Trust yourself** + +Entrepreneurs don’t operate with a handbook. My father taught me how to be independent and trust my own moral compass. He encouraged me to separate myself from the herd and think critically. When I told him I had no desire to go to college, he shrugged. Whether he agreed with my decisions or not, he supported me unconditionally. Letting me make my own decisions sowed the seeds for me to become an entrepreneur. The confidence to never compromise my vision of building Chewy into the largest pet retailer came from knowing if I failed, he would always love me. + +For 45 years, he was the first employee to open his office and last one to leave. He showed me how perseverance and discipline ultimately pay off. Not only was his work ethic unmatched, so was his commitment to family. He gave me unconditional love and showed me how to be a father. Above all, he taught me that the best decisions come from heart, instincts and empathy. + +Dad, I will forever be grateful. + +Ryan Cohen is the founder and former CEO of Chewy.com, a company he started when he was 25 years old. In 2017, Cohen made history when he sold Chewy to PetSmart for $3.35 billion in the largest ecommerce deal in history. In 2019, Chewy went public at a valuation of $8.7 billion. +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! + + Okay, I'm so new to the cryptocurrency world, and I'm learning on a daily basis, but with my current situation, I don't really have time to sit there and trade and do all that jazz. Since I work as a full-time machine operator, the days get longer and my wife is currently pregnant. So, I must dedicate most of my time to her, and I am trying to find a solution to save my time on trading. I've heard about crypto bots which in my case would be a life savior. But now, inexperience comes to play. But I did some research and found a few bots that could be a tool for me. There is this one[ (peccala](https://www.peccala.com/)) that seemed to be a good fit for me because it says it will allow you to just sit back and relax. And I'm quite confident in my TA knowledge if ever I need to interfere. But the downside is that it’s not launched yet, and I don't know when it's coming out. So currently, I’m looking for some other choice that I can use,[ Coinrule](https://coinrule.com/) is an option just because of its mobile capability But just don't want to use my phone because I do have a computer I like using it, and seems to be simple to me. So[ Cryptohopper](https://www.cryptohopper.com/) is also an option lol. But since I don't understand many of them, I thought I could ask you guys for some feedback. on which crypto trading bots you prefer and why. +**TL;DR - Hedge funds are manipulating penny stocks by exploiting the OTC market and using a pump and dump strategy to raise funds in their war against us.** + +\------------------------------------------------------------- + + So I have strong evidence to suggest that hedgies are pumping & dumping penny stocks to keep a constant inflow of cash to fight their war against us. + + + I came about this from skimming through the FINRA OTC data. + + + At first, I started to look at December data, because I wanted to see if hedge funds were trading penny stocks on inside information, by trading OTC the volume and price isn't affected on the charts and they can essentially trade behind the scenes. I wanted to know if they were making moves before the market caught up. But what I found instead was much much worse. So lets take a look... + +&#x200B; + +https://preview.redd.it/0irbaycpyqs61.jpg?width=1530&format=pjpg&auto=webp&s=9a435c6befad7210e2240d5f4686dfa8728a94ff + + and I went through the list, 1 by 1 and had a look at the charts. + +&#x200B; + +&#x200B; + +https://preview.redd.it/jixpnrktyqs61.jpg?width=952&format=pjpg&auto=webp&s=67da518371182b5bc89644fbbc4b9d6817a6ce4b + +&#x200B; + +https://preview.redd.it/eb97vl8uyqs61.jpg?width=952&format=pjpg&auto=webp&s=a8f25606dd10a875613e779392b3729d0e3a602f + +&#x200B; + +https://preview.redd.it/dkfxifuuyqs61.jpg?width=952&format=pjpg&auto=webp&s=072252fac6bb393e71f362605bfbf4d437b7b62d + +And I notice something strange, not only were all the patterns very much alike, but they were all reacting to the GME price. Okay, so there's a common pattern here, which peaked my curiosity. So I looked at the data from another angle, we've seen the stocks that have closed really low, let's look at the ones with the most volume. + +&#x200B; + +https://preview.redd.it/wrz3ful2zqs61.jpg?width=1530&format=pjpg&auto=webp&s=53f039e6084538021d6b395c844feef05219932b + +&#x200B; + + Right, well we can see that HCMC was the most traded, and we've already looked at that chart so let's move onto the others. + +&#x200B; + +[ As stated in the image, this one is different not sure why yet though. ](https://preview.redd.it/58f1m534zqs61.jpg?width=952&format=pjpg&auto=webp&s=7f58a4337beb2623fd954bf8462720fef71a9728) + +&#x200B; + +[ Right okay. We're seeing common patterns here again. ](https://preview.redd.it/yqjpmu96zqs61.jpg?width=952&format=pjpg&auto=webp&s=1e5c8b9c2904aae0af2b8d58cb15f1120161c5cc) + + Again, all this data reconfirmed what I was thinking, whoever was doing this was doing it on a large scale and for a specific reason. I already knew who it was, I just needed to confirm it. So let's go over the OTC data again. But this time, let's see who's actually trading those securities. + +&#x200B; + +# *** DRUM ROLL *** + + Let's start with HCMC + +&#x200B; + +[Anybody who wants to look into GTS be my guest.](https://preview.redd.it/nonr2owczqs61.jpg?width=1131&format=pjpg&auto=webp&s=5f53ada89f3ae99836361563e05a98a2b85c09be) + + Ah, well there's no fucking surprise there then is there? Let's look at the others to bolster our dataset + +&#x200B; + +https://preview.redd.it/rmw4e14hzqs61.jpg?width=1122&format=pjpg&auto=webp&s=5d48b117bcb95b2cd76ac7e13e6485dec0432b26 + + Ah, well this is concerning – because that's nearly 3 million shares we can't see. You might not think that's a lot with a penny stock, but this stock was pumped from 50c to $14! Which is a x28 return on 3 million shares. That's a big fucking return! Similarly, if we go back another month on this very stock... + +&#x200B; + +&#x200B; + +https://preview.redd.it/dfoz74vpzqs61.jpg?width=1125&format=pjpg&auto=webp&s=cbf9429e23a1446dceee5cef90d6520df1e1f3b1 + + Right now this is extremely concerning, because somebody or some people traded 600 million shares and we have no fucking idea who. We can calculate from this how much money is being made, but that's for another DD – this one is just to bring light to the issue. So let's continue... + + +&#x200B; + +https://preview.redd.it/3r4cvztszqs61.jpg?width=1122&format=pjpg&auto=webp&s=62d831451f8a98cc28e38527f2bb2370482549da + +Oh look who it is again, it's **shitacunt**! Yaaaaay! Keep in mind this is for one month. There were another billion the month prior too. + + +Let's keep going... but I'm sure you are starting to get the picture by now. + +&#x200B; + +[ Yea, citadel again. No surprise. ](https://preview.redd.it/jjfidtxvzqs61.jpg?width=1127&format=pjpg&auto=webp&s=6704ecd1ec3ab6069ba7c1d13eba16aac3b16654) + +Shall we do one more? + +Let's look at WDLF through january and february. + +&#x200B; + +[WDLF OTC Trades in January](https://preview.redd.it/t5d0ih5yzqs61.jpg?width=1117&format=pjpg&auto=webp&s=2fe62d1a14cc555b3704a42169653a7e0b6e0429) + +&#x200B; + +[WDLF OTC Trades in February](https://preview.redd.it/s80k71ryzqs61.jpg?width=1112&format=pjpg&auto=webp&s=a6eb0d33ce973adf92797236ab7a289c3b5403ec) + +Yea, we're numb to this now. But you're getting the picture. Citadel & Co are trading an absolute fuck ton of penny stock shares. Shall we look at what they're doing with them? I'll use a single chart for this, but they all look the same anyway so the principle still stands. + +# The hedgie strategy to pump and dump penny stocks to raise capital to fight us. + +&#x200B; + +[There's the basic jist of the current hedgie strategy. Keep in mind this is happening ACROSS 100s MAYBE 1000s OF PENNY STOCKS](https://preview.redd.it/w8ngpdv20rs61.jpg?width=1405&format=pjpg&auto=webp&s=9541265c2d21c954b7e31cabf867bfb3d8a6e1ed) + +&#x200B; + +Closing comments: I'm not entirely sure if they can do this ad infinitum, but they can sure keep it up until it's patched. Secondly, I'm going to do another DD at some point to list all the hedgies taking part in the strategy, so we can see who we're up against, and then I'll do a bit of math to see how much money they're actually raising. + +From there, we can see how much we are costing the hedge funds, how much they're making and who we're fighting against. + +# BONUS ROUND + +Oh and as an added bonus, check this out... + +&#x200B; + +[These are the trades of WDLF within February.](https://preview.redd.it/70stlbyj1rs61.jpg?width=1280&format=pjpg&auto=webp&s=362e4bbe1b7c9cc3da1d4b77220edd4284ba6e98) + +With this data, we can see that somebody is clearly hiding their trades. There's a lot to unpack from this, but that's for another DD. + + +Peace x +It's easy to look at your portfolio and panic because it's dropped in value so much in the past few days. In 3 month, 6 months, a year this will all come back. This downturn just means that it's cheaper to invest. The only way you lose out is if you withdraw while the market is down. Just keep swimming. +I know many of these studies have flaws and it’s impossible to know for sure, or even to objectively measure it. + +But in general, is there any consensus or study showing that the majority of economists agree with the DNC or GOP when it comes to the economy? +A friend of mine- who retired early at age 60- is well off and does not really need the money from Social Security. So he plans to apply for SS and invest each monthly check in the stock and bond market and give the proceeds to his children at his death. The question is should he start collecting at age 62 or wait till 70 and get the largest monthly check. + +For the sake of argument, he said he plans to live to age 90. (just a guess of course but a common age for someone who is healthy and privileged.) So if he collected Social Security at age 62 he would collect 336 smaller monthly checks for 28 years. If he waited until 70 to collect SS he would collect 240 larger monthly checks for 20 years. + +I found this is a fascinating math and investing question. So I did some calculations from the historical stock market records. I used both a total stock market fund and a balanced mutual fund (Vanguard Wellington (VWELX) that has been in operation since the 1930s. + +I assumed the "collect at age 62 monthly check" to be $2000 a month and a collect starting at age 70 check of $4000.00. Each would increase each year for inflation. My findings: **There has never been a situation where someone would come out ahead in any starting point waiting till 70 to collect if they die at age 90 if they invested the ENTIRE CHECK in the stock market.** **Either with a total stock market fund or a balanced mutual fund.** Check it out on this website: + +[https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults](https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults) +Most posts I typically read are about being a SWE from the Bay Area. With stories usually being about making $250-$800k at FAANG, then joining a startup for a higher role and possible large IPO payout from options, then back to FAANG in a director role for $1-$3M salary. And because of the high salary and time commitment to their careers, usually I see they just buy Index Funds (makes total sense). + +However, I was wondering if there is anybody in this sub who has FatFire from a Finance career, and has done so not just with a high salary, but with superior returns from their investment allocation (like 22% vs 10% over 10 years) ? Or, has a finance background but owns their own business that needs minimal reinvestment costs to operate and they take those earnings and invest in stocks and have beaten the market by a decent margin over 5-10 years? + +Also, I don’t expect Tom Cruise or Lebron James to be in this sub, but is there anybody that played professional sports for a few years or made money as a producer/screen writer/ TV actor in here? I am curious to know how you invested a large sum of money you made over a short period of time, and how you make additional income (coaching, analyst, speaking engagements, residual checks, appearance fees, etc) + +Thanks! + +TLDR; Anybody make money outside SWE, specifically through Finance or entertainment? +I opened up my front page to see these, all within the past 2 days: + +https://www.reddit.com/r/financialindependence/comments/8p6act/help_me_convince_my_girlfriend_that_financial/ + +https://www.reddit.com/r/financialindependence/comments/8p287e/young_and_unsure_if_i_want_to_retire_early_should/ + +https://www.reddit.com/r/financialindependence/comments/8os1vi/im_21_years_old_struggling_with_now_vs_later_do_i/ + +https://www.reddit.com/r/financialindependence/comments/8oojrr/advice_for_a_21_year_old/ + +https://www.reddit.com/r/financialindependence/comments/8ong3l/pursuing_a_software_engineer_degree_or_pursue/ + +https://www.reddit.com/r/financialindependence/comments/8oox7e/help_me_with_my_10year_plan_to_reach_fi_new_grads/ + +I think it's great that some young bucks are out there thinking about FI early on. But personally, seeing the same threads / requests for information on a daily basis is exhausting and kind of defeats the purpose of this sub. We're dangerously close to r/personalfinance at this point. +I'm going to let you guys in on a bit of a secret. This is from someone that has been in this Forex game for over 8 years now, and has traded professionally at financial institutions for short stints. + +&#x200B; + +What you know about risk reward is probably why you've been losing money. + +&#x200B; + +The common knowledge is this. Use a 2:1 or higher risk reward because that way you'll make twice the profit when your right and half the loss, thus you only need to be right 33% of the time to make a profit! + +It SOUNDS good, but actually there's a fatal flaw. + +It has everything to do with market noise. Market noise is generally a lot larger than most people realise. I'm willing to say anything less than a multi-day time frame is almost dictated by market noise most of the days. + +Market noise can either be your greatest ally, or worst enemy. You can never predict if the market is going to go up, or down.. but you can almost be 99% sure that the market is going to by noisy. Most of the time VERY noisy, up down. + +Here is the kicker: + +When you setup a 2:1 trade. You are effectively making this bet: + +"I bet you that the price will hit X.. BEFORE it hits Y." By making X twice as far away as Y.. you are effectively betting against the STRONGEST and MOST PROBABLE force on the market.. market noise. + +&#x200B; + +In order to win a 2:1 R:R trade.. you not ONLY have to be right about your underlying trade idea. You actually have to HOPE that the market noise won't cuck you out of a profit. i;e You are betting AGAINST market noise. + +&#x200B; + +So how can we thwart this demonic force? + +I'm going to say something controversial: + +&#x200B; + +1:1 Risk:Reward trades are hands down the BEST ratio to use on anything less than the daily timeframe Why? because your just as likely to get fluctuated into a profit, as you are into a loss. Over time this cancels out and what your left with is purely whether or not your strategy is profitable. + +&#x200B; + +Most strategies ARE in fact profitable. Fibs, cup and handles, all this junk. They are >50% win rate. The problem is people use greater than 1:1 R;R and end up getting fluctuated out of 70% of the trades. + +&#x200B; + +&#x200B; + +So moral of the story: + +Use 1:1 Risk:Reward. The reason why most people dont make money in Forex is because most of the marketing and educational material spew crap about 2:1 R;R or 4:1 R;R. There is a place for that kinda R;R and it's the monthly timeframe. + +' +Before I watched Seaspiricy on Netflix and performed my own DD on the current state of the oceanic ecosystem, I had zero knowledge of how dire the situation has become. Current practices of the world’s society is literally killing oceanic life and practically speaking, our greatest source of breathable oxygen on Planet Earth. + +Therefore after GME inevitably moons (🚀🚀) and once we’re all dancing on Pluto with Papa Cohen DJ’ing and DFV serving as hype man, one of my many philanthropic endeavors will be contributing to and physically assisting as best I can to progress the long journey of undoing/subverting the impact mankind has had and the damage we’ve caused. + +*TLDR:* +GME will 🚀 +🦍 will get 🍗 +🦍 should help 🌎🐋🐬🐢 + +BUY. HODL. EZ. +If you are seeking career advancement, I think the single best thing you can do is get along with your manager. Of course, the obvious prerequisite is that you are capable of performing your job to a satisfactory and acceptable standard. But the real "booster" here is having excellent rapport with your manager. In my early days I was promoted twice in a single year just because my manager and I got along really well. + +We were basically friends. After work we would see movies together and hang out with mates on the weekend. He added me on WhatsApp and we would talk all the time about work. We even played Call of Duty one time (Lol, I know) and were talking shit online. + +I know these things sound unprofessional, but I feel that if you just "click" with your manager, your chances of career advancement are just dramatically boosted. + +The quality of my work was average to shit. My manager would even joke PRIVATELY with me about giving me work because I rushed through it, but he was able to push really hard for promotions and pay raises for me. + +And similarly I have worked for places where I have been an absolute machine at pumping out high-quality work, but because my manager did not like me I was constantly put down and denied promotions. + +There are some people who you will inherently not get along with, for whatever reason that may be. Maybe they don't like your demeanor, the way you speak, your background, your culture, your social interests, your personality, etc. If you find that this is your situation, I think it is always worth at least thinking about what you can do to improve that relationship, or if there are other places you can work where you will have better rapport. + +**So yeah. tl;dr get along with your manager -- if you don't, find another workplace where you will. Your wallet will thank you for it.** +I'm 8M nw. Worked for tech all my life, index invested, lived a comfortable life way below means. + +Trying to loosen up now. Our family of 4 typical 1 week vacation has only cost 4-7k (including airfare) as we appreciate "shoulder season" travel where it's less busy. + +Looking at a thread with vacation ideas here, accommodation alone was 5-7k a night. + +Question: what's your average vacation look like and it's ball park cost? Average as in one of 4-5 yearly trips, not a celebration or all out occasion. +I have been meaning to invest this money in something that's not a huge risk but has a decent enough return that it's not wasted (like a savings or even a CD). Was goingA quick list of what I have at the moment, using rough numbers to not completely expose my info. + + - Roth IRA (under $5k) + +- 401k (under $10k) + +- 529 for my daughter (under $1k) + +- Employee stock options (under $1k) + + +- emergency funds (under $7k) (edit: added) + + +We were originally saving to buy a house but at the moment that doesn't seem like something we want + + + +Edit: okay - after careful consideration I am leaving $15k in my emergency funds and now will have $7k to invest. +Interested to hear a breakdown - ideally including those outside of just financial… I.e include family, health, spiritual etc too if you’re happy to share 😊 + +EDIT: M, 34yrs w/ wife and 3 kids, 10M NW. Live in New Zealand. I FATFire’d 2 months ago and thinking through what life will now look going forward! +I'm in my mid 20s and I live in Germany. My employer asked me if I want to contribute to the employee-funded pension scheme through a deferred compensation model (Entgeltumwandlung). + +The maximum that can be contributed annually is €6.816 (€568 monthly) and it is free of taxation, which is 8% of the Social Security Contribution Ceiling of the pension insurance. Moreover, up to 4% of the social security ceiling (€3.408 annually, €284 monthly) is free of the social security contributions. + +The reasons why I am hesitant are that: + +\- I am likely to move from Germany in the next few years (probably out of the EU). + +\- I would rather save and then invest money on my own instead of depending on a government which is probably going to fuck me over royally given the ever-increasing proportion of elderly people. + +\- Frankly, I did a bit of research, but I am still not sure how it works. +Hello everyone and welcome to our community, the strongest community and fastest growing. + +The Voice Chat on the Telegram is always filled with likeminded people, and at all times 1 of the Devs are active in there with us even when they are working hard to grow their project. + +We will be at the top and number one this is without doubt, HOLDERS are growing at a rapid pace and we have more Degen’s than ever who are diamond hands, still only at a small margin as to what we have planned but still unprecedented growth every day. + +Things to come that are already announced! + +• Binance Tweet on First Day!! [https://twitter.com/binancechain/status/1384641941854425089?s=21](https://twitter.com/binancechain/status/1384641941854425089?s=21) + +• Coin Market Cap Listing - applied for and received response! + +• Gecko listing applied. + +• Live AMA is hosted EVERYDAY direct conversation with the team and the holders. + +• Regular Community Giveaways. + +• Big Marketing Videos released by 420X Supporters! (UP NEXT CRYPTO, WallStreetBets & More!) This is on-going marketing doesn’t stop! + +• Website being updated! + +• Spoken to Cointiger/Swft/BitMex for expedited listing. + +• And Finally, a really exciting announcement for all holders is 80T Burn incoming very soon (8% total supply) + +&#x200B; + +Our 420x Tokenomics: + +💥 Total Supply: 1,000,000,000,000,000 + +&#x200B; + +🔥 Burned before Pre-sales: 250,000,000,000,000 + +&#x200B; + +🔥 Burn Road Map: 170,000,000,000,000 + +&#x200B; + +👑 Dev Wallet: 75,000,000,000,000 + +&#x200B; + +🍀 Presale: 505,000,000,000,000 + +&#x200B; + +&#x200B; + +This is a deflationary coin (unlike us high af) with a limited supply. No more $420x can ever be minted. It has a transaction tax of 8% which is split 2 ways. + +&#x200B; + +💎 4% fee redistributed to all existing holders. + +&#x200B; + +💎 4% fee is added back into liquidity. + +&#x200B; + +Our Token Contract Info and Chart: + +💸 Insane Liquidity - 1.2M Right Now At Such a Low Market Cap + +❇️Contract: [https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/address/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +(Audited by TechRate) + +&#x200B; + +🍰 Buy here on PancakeSwap: + + [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xC4b790e1D5f0c3d8AA526F0A8098eD2A1ff0886a) + +&#x200B; + +📈 Charts: [https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://poocoin.app/tokens/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +[https://dex.guru/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a-bsc](https://dex.guru/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a-bsc) + +&#x200B; + +🔐 Liquidity: [https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a](https://bscscan.com/token/0xc4b790e1d5f0c3d8aa526f0a8098ed2a1ff0886a) + +&#x200B; + +🔐 Renounce TX: + + [https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3](https://bscscan.com/tx/0x8d8651755cbed537dddff56decd2d3e98e1b4d0e17d2579dcdc9ab2236a107f3) + +&#x200B; + +420x Official Links: + +Join Telegram and jump on the Voice Chat, Devs are awesome they are just like us Degen’s and always clear any questions! + +💬 Telegram: [https://t.me/The\_Real\_420X](https://t.me/The_Real_420X) + +&#x200B; + +🌐 Website: [https://420xcoin.com/](https://420xcoin.com/) + +&#x200B; + +🐦 Twitter: [https://twitter.com/420xcoin](https://twitter.com/420xcoin) + +&#x200B; + +🔥 Reddit: [https://www.reddit.com/r/420xCoin/](https://www.reddit.com/r/420xCoin/) + +&#x200B; + +👁 TikTok: [https://www.tiktok.com/@420coin](https://www.tiktok.com/@420coin) + +&#x200B; + +Twitter ([https://twitter.com/binancechain/status/1384641941854425089?s=21](https://twitter.com/binancechain/status/1384641941854425089?s=21)) + +Binance Chain Community + +[https://twitter.com/Cryptodemocrat1](https://twitter.com/Cryptodemocrat1) @420xCoin Special date today, huh. +It's the end of the year, I've made no profit whatsoever and just keep funnelling my own money in to my account. 79% win rate when paper trading, gains of 300%+ when paper trading, but my win rate when trading live is 10% for 4% profit average and 70-100% loss. + +My strategies work, and I do my best to follow my trade plans but I get shaken out too quickly with live and I won't follow them. I haven't learned from my mistakes every single trading day this year. I know what to expect and yet I still manage to drop the ball. + +Essentially what happens is I'll enter a trade, almost immediately go down 40-50% where I'll average down only for it to move even further and I'll sell for a 75% loss. Funnily enough, it gets to breakeven 2 minute candles later, valhalla after that but I'm no longer in. Subsequently, if I enter a trade and it moves up the slightest amount I'll sell immediately for a 4% gain under the impression that it will drop any second though the trend continues for hundreds of percent as I sit there and watch, frozen and unwilling to jump back in though the play is unravelling in front of me. + +The plays that go 100% down are a result of countless instances of a trade I sell way too early for either a loss when I didn't need to or minuscule gain, finally getting it through my head to hold for once as opposed to selling within 30 seconds, but those are the times that I'm wrong and it goes to 0. The next trade I enter I worry it will drop right away due to PTSD so I sell for 4% as opposed to several hundred and this cycle continues until I get the courage to hold again and it drops to worthless. + +I've refrained from writing here- I don't want to bitch as a sore loser, but I need help. I'm unsure how I can be so profitable with paper and not have a single winning trade this year. My most profitable single trade was $80 and my biggest loss was $1200. Any time there's equity in my account I haven't been able to last 2 days without the account draining. Then I'll trade 2 weeks or so with paper to ensure and solidify my strategy and gain some sort of confidence, but once I start trading live it immediately clears out to 0. + +How do I reset my mindset? How do I approach the market like I do with paper, without fear and calm? My average time held on contracts is 2 minutes when trading live and selling for 4% profit, 2 hours+ when selling for 100% loss as I'm hoping and wishing but with paper average time held is an hour, for gain or loss. + +Any tips are appreciated. Merry Christmas +Lets say there is a property that is selling for 154k and its bringing in 1300 gross. Would you offer them cash like 135k or finance it by paying 20% down payment. Lets say I am A, that wants to finance, and my partner is B who wants to buy it in cash. Person B's reasoning is, he wants to get it quickly because inflation is crazy high right now and it will get worse. My reasoning is, wait, get pre-approved from a bank and buy it, the money will only sit for a bit longer, then we can buy more. +And do you or do you not regret it? (I realize this is an REI sub, so it may be a bit biased) + +I've become intrigued by the earnings potential of REI and get motivated by success stories, but then reading posts like [this](https://np.reddit.com/r/financialindependence/comments/anagx1/why_is_it_every_fire_plan_consists_of_growing/efs5kyw/) or [this](https://np.reddit.com/r/financialindependence/comments/anagx1/why_is_it_every_fire_plan_consists_of_growing/efs9o9a/) makes sense and has gotten me skeptical as well. + +I have the income and capital to start REI, but I'm on the fence, and am interested in hearing other people's thoughts on what finally convinced them. + + +Fellow ape mentioned over [here ](https://www.reddit.com/r/Superstonk/comments/pbnw2c/something_interesting_has_arisen_from_the_vpcba/?utm_medium=android_app&utm_source=share)that they’d done some digging and found that the owner of VPCBA. Here is the TLDR for ***their*** post: + +>**TL:DR: VPCBA, the Bombardier 6000 which has been present at 2 airports in France at the same time as Ken, belongs to a high profile French businessman who has in the past been charged by the FBI for fraud and junk bond schemes.** + +Detective shit is fun….so I went on a hunt. + +By searching for his full name I came up with nothing but dead/delisted names under OpenCorporates and LittleSis. + +However by removing his fancy second name “Francois”, I found a nice few entries for Jean Henin. Interestingly…..he has a company called PELLENC ST AMERICA, INC. + +&#x200B; + +https://preview.redd.it/7napi5wkemj71.jpg?width=1896&format=pjpg&auto=webp&s=cb6aa10bd7cbd0632627ae373e9fc9afbf937b3d + +&#x200B; + +https://preview.redd.it/f0v8fsilemj71.jpg?width=1515&format=pjpg&auto=webp&s=2f0e5589c014d2934dabf10a1f3fb08d734c4977 + +How did a guy who was in shitheaps of trouble end up being able to be CEO of a company registered here….in America? + +Maybe because he wasn’t on the original Certificate of Authenticity + +&#x200B; + +https://preview.redd.it/47k809kmemj71.jpg?width=603&format=pjpg&auto=webp&s=dc310e5b9dc2419732a09394952f01cf577f3770 + +Somewhere between the original filing back in 2016, and 2019….he went from being Jean-Jacques Nardin….to being none other than Jean Henin of Pertuis France. + +&#x200B; + +https://preview.redd.it/okufx2qnemj71.jpg?width=580&format=pjpg&auto=webp&s=5599a5adfe7a464df4a5897b080f7ac2b7f614bd + +How in the world is someone able to sneak into the economy again after essentially being deemed as a financial terrorist? + +&#x200B; + +https://preview.redd.it/z8x8yttoemj71.jpg?width=1560&format=pjpg&auto=webp&s=f1b9b65de6828e479a01eadbce753ee90e480f93 + +Now, let’s not be hasty. We should also look at who the Secretary of the company is. By name he is Nicolas Ferry. + +&#x200B; + +https://preview.redd.it/go061fyremj71.jpg?width=1270&format=pjpg&auto=webp&s=9999b7e3205943cadecb51061b7e3e8b6d06a98d + +Take note:” Clinvest – Crédit Lyonnais’ mergers & acquisitions subsidiary in 1998.” + +[u/cjh11111](https://www.reddit.com/user/cjh11111/)…..Remember how you saw the connection between Henin and Lyonnais? Ferry is connected to them as well. + +Pramex apparently originally went by the name Natixis Pramex, but in 2010 removed Natixis from it’s name. + +&#x200B; + +https://preview.redd.it/hdlgnk2uemj71.jpg?width=953&format=pjpg&auto=webp&s=a254b50e2765ff5952b4bcbf9ff9929ac7019c8f + +What’s really weird? Finding that a dead account on Linkdin has someone named Steven Cohen listed as the managing director of Natixis. Don’t let the ‘n’ distract you. Both he and KG use multiple iterations of their name. + +&#x200B; + +https://preview.redd.it/nqndt71vemj71.jpg?width=801&format=pjpg&auto=webp&s=3ceaf7518a4ddfa7268ea36cb77763073e83850c + +&#x200B; + +&#x200B; + +Now remember it isn't technically Natixis Pramex, rather now Pramex International. Take a look at their locations worldwide. Notice any similarities between these locations and flight paths of N302AK? + +&#x200B; + +&#x200B; + +https://preview.redd.it/4vj576blfmj71.jpg?width=1552&format=pjpg&auto=webp&s=6be02e8eb4569021e750cf14b331769b00d00371 + +u/cjh11111 it might not just be a connection to KG you found, but the devil in the flesh...Cohen. + +# TLDR; Odd connection between aviation paths of KG, Steve Cohen, and a charged financial terrorist from France who somehow is still able to conduct business in America. +Via Reuters: + +“The Biden administration is developing plans to quickly spend $52 billion to deal with semiconductor supply issues if Congress passes a bill funding such efforts, U.S. Commerce Secretary Gina Raimondo said on Thursday.” + +So no definite plans, but no deviations noted from previous discussions which gave the nod to INTC, QCOM, and TXN (primarily) as direct beneficiaries of any bill that gets passed. + +Worth keeping an eye on I think of you’re into semis plays. +Hey all. + +Ive been self employed as a sex worker in a legal state (grey area, no brothels allowed but independant work is legal) for the last 5 months. + +So far it is all in cash, I dont want clients knowing my banking details or anything to track me down. + +I keep spreadsheets of all my clients etc. Ive already hit 70k. + +I know im going to have to apply for GST etc, Do i need my own abn? can i do it as a sole trader etc? + +The other question is banking.... + +I WANT to pay all my tax on this money, i want to eventually be able to buy a house outright so need this money in a bank account. Does anyone know any sex-worker friendly banks that will basically note what i do for a living, ill be depositing roughly 3-5k a week in cash into this account and i dont want them to think im doing anything illegal..... Is it as simple as going down, opening an account and just depositing everything i make every week/fortnight etc. + +Sorry if this is long winded or has stupid questions involved.... +My wife and I have eclipsed our $2.5mm investment goal and now stand at $3.5mm invested. Our spend would be about 2.5% of our nest-egg at this point. This does not include the value of my $27k per year non-COLA pension which will kick in at age 65 (that's 17 years from now, God willing). + +By any discernible measure, we could spend our days doing whatever we wish, which was the motivation for FI in the first place. Yet, our respective grinds continue. Neither of us are particularly enamored with our work but are highly competent and thus paid well. + +We ratcheted down our lifestyle a while back "to hasten FI" ... which flat out sucked. So, we ratcheted up our lifestyle again ... which has been great and a return to normalcy for us. And, 2.5% SWR is where we presently stand, even after re-inflating our lifestyle. + +I am beginning to wonder if I, specifically, have some mental hurdle that I will never clear. I daydream about hiking national parks, reading, oil painting, learning a new instrument or volunteering my time for financial literacy causes. Instead, I find myself making (SUPER) dull drives across the Midwest, making sales calls and staying in Marriott Courtyards. The corporate minions are pleased but, more and more, I am not. It is as though I am experiencing an inverse relationship between our net worth and my job satisfaction and, in turn, my general happiness. + +To change things up with work, I recently moved to a sexier division (more attractive technology) and this does not seem to be hitting the mark either. It is the same game with a different widget and a bigger paycheck. It is exceedingly difficult to stay motivated when we have already won the game. + +If anyone has been in a similar situation then I am all ears. How did you get off of the hamster wheel? + I do not believe I will ever fully retire but why I keep the golden handcuffs firmly attached in a high-stress field is officially beyond me at this point. +Hey what it do baybeeeeeeeeee its your boy letthebandplay777 + +Apes. I stand before you today a humble ape. I am humbled by this community, and this particular situation we have all found ourselves in thanks to our individual research and choices that have all built up to this current moment in time. This could have rolled out so many different ways but this is the avenue we currently walk together, but separately. Through nearly 10 months now we have literally seen it all. Hype dates have come and gone, supposed catalysts to tendietown came and went, SSR days were seen as hope just to be realized it literally means nothing. + +&#x200B; + +Apes. You need to understand this. They have all the control, they have all the levers, they have all the tools in the toolbox. They have the DTCC infinity share printer, they have the ability to infinitely reset FTDs and swaps. They literally can do anything they want to us, ***within their playground.*** This is crucial to understand and to digest. This is not FUD. This is our reality. We have been disappointed time and time again. Moderators and forums have come and gone. Wrinkles have continued to be gained, and friends at the time have become foe. We have been through extreme moments of disappointment, but we have also had our faces ripped off from euphoric explosions in price movement. We've seen it all apes. And you crazy bastards are still here, diamond handing to this day. + +Now before we continue onwards let me bring you back to the VW short squeeze, and why it matters. + +Before we really dug into DRS, we assume the two instances were completely different. Reality is they're not, in fact they have much more in common than we believed before hand. You need to understand that Porsche bought up the float of VW, via direct registering the stock. When institutionalizes buy a large quantity of stock they directly register those shares. This is effectively what apes seek to do with GME via DRS just on a much larger scale via one company but the semantics are exactly the same. Porsche locked up 99% of the float and BOOM the squeeze was underway. + +Time and time again, the ONLY mechanism to initiate a short squeeze is DIRECT REGISTRATION. ***THIS IS NOT! A CALL FOR ACTION AND I AM MERELY PRESENTING FACTUAL BASIS POINTS FOR YOU TO MAKE YOUR OWN INDIVIDUAL FINANCIAL DECISIONS. I AM NOT A FINANCIAL ADVISOR AND THIS IS DEFINITELY NOT FINANCIAL ADVICE.*** + +Apes. Nothing else is going to launch this rocket. Everything else that has been discussed are all theories and are completely out of our control. We can't expect a market crash to initiate this. We can't expect just simply buying and holding will start it. We can't expect the SEC or any other regulation bodies to force them too close. They will never close in the current setup we are in. They have infinite shares, they have infinite abilities to reset FTD's and shuffle short positions around off shore or through other financial institutions. They have everything they need to be able to never close and make you quit. You can keep buying and holding for the next 50 years and without forcing DTCC shares out of there possession, apes will own 1,000,000 times the float and it still won't squeeze. + +So this is my plea. TAKE CONTROL OF YOUR DESTINY. You, and only you, the beautiful ape reading this, can make this happen. DRS is the only way retail can mimic similar short squeezes in the past is via computer share. + +We have discussed so many different theories, so many different possibilities, that were all major speculation backed with a little data that we as retail investors can actually utilize. Given this massive disadvantage of information we are in as retail investors, nothing has been 100% concrete evidence or proof that it would be the catalyst. COMPUTERSHARE and DIRECT REGISTRATION are the only things that are 100% proof that it will take us to Valhalla. Literally the only smoking gun we have. This is it apes. We either get the job done and lock up the float, or eventually the corrupt racketeering mafia that is our stock market will screw us out of our tendies. You don't think they're behind the scenes right now, discussing how to exit without going bust? You think the SEC really gives a damn? They don't. We have mountains of evidence of mind bending fuckery without the squeeze and they can't even release a fucking report. + +Thank you to u/criand and other big brain apes for putting the spotlight on the golden goblet, the oracle, the key of life into our hands. All you need to do is put the key into the ignition. I have been on the fence about CS since it came up. But I did my research. I trust the research done by this community. So, tomorrow morning I will be calling up Fidelity and transferring 100% of my portfolio to CS. I am merely a brick in the wall and by no means a whale. However that is irrelevant. The only way the job is getting done is if we all put our brick into the wall. Any other avenues are purely hypothetical and completely out of our control. The only thing you have control over is your decision of whether to have your shares registered through DTCC or registered to your name. Everything else is conjecture and speculation and just eats precious time up while we wait for something that may never happen. This is the only path apes have to finally tear this system down and to launch this rocket into the next nebula. + +I believe in you guys and I can't thank you enough for such an amazing ride and journey. My investing knowledge and experience has gone up exponentially thanks to all the amazing research and information that has been produces on this forum. From the bottom of my heart I wanna thank each and every one of you guys. This is a special community that may never happen again. Enjoy the moment, Embrace your fellow ape, and preach the good word of DRS. Not everyone will be persuaded at first. But I am living proof that you can keep persuading and eventually it will sink in. + +Buy, Hold, DRS my apes. This is the way. It is the only way. Take your power back from the parasites. + +u/letthebandplay777 + +EDIT: I'd just like to make ABUNDANTLY clear that I am NOT saying we, as in all of us, just as a completely figuratively phrase and nothing more. We are all individual investors who will in the end, make our own individual decisions. This is just my opinion on what I believe will be in my own best interest for my stock holding in terms of my rights as a shareholder and how I personally feel about DRS. +Personally I’m trying to take a more pessimistic view on it at maybe 4-5% with anything above being a bonus. It just leads me to believe a lot of people may be very disappointed at future returns if they set the bar too high at the beginning. + +Yes the stock market has performed very well over its lifetime and in particularly the last couple of years but I’m sure I read somewhere that there was a change to CEO mentality quite recently as they would get bonus’ based on short term wins over longer term. This leads me to think this current upward trend is likely to slow down at some point. + +Just something to provoke some discussion where I could learn from more educated investors on this matter 😁 +**New Wealth Simple Socially Responsible ETF:** + +&#x200B; + +**(WSRI)** Wealthsimple North America Socially Responsible Index ETF + +TSX Listing: [https://web.tmxmoney.com/quote.php?qm\_symbol=WSRI&locale=EN](https://web.tmxmoney.com/quote.php?qm_symbol=WSRI&locale=EN) + +Factsheet: [https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet\_DE000SLA9865.pdf](https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet_DE000SLA9865.pdf) + +&#x200B; + +**(WSRD)** Wealthsimple Developed Markets ex North America Socially Responsible Index ETF + +[https://web.tmxmoney.com/quote.php?qm\_symbol=WSRD](https://web.tmxmoney.com/quote.php?qm_symbol=WSRD) + +Factsheet: [https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet\_DE000SLA9899.pdf](https://www.solactive.com/wp-content/uploads/solactiveip/en/Factsheet_DE000SLA9899.pdf) + +&#x200B; + +**Official Press Release:** + +>We Made an Even More Socially Responsible Portfolio +> +>Introducing Wealthsimple’s new SRI portfolio. We designed it to be the most effective, low-cost, and, yes, socially responsible ETF in Canada. +> +>By Wealthsimple — June 16, 2020 +> +>We were pretty excited a few years ago when we introduced our [Socially Responsible Investing (SRI) portfolio](https://www.wealthsimple.com/magazine/news-socially-responsible-investing). There was a huge demand among our clients (and our own team) for a way to grow wealth while also growing a better world. Our SRI portfolio was a way to do just that: it had low fees, good returns, excellent diversification and invested in funds and companies that met a pre-determined threshold for social responsibility — low carbon emissions, cleantech innovation, sustainable growth in emerging markets, gender diversity. Finally: Here was a way to invest not just wisely and profitably, but with a conscience. +> +>We’re also dedicated to two important principles: first is reassessing our investments and the rest of our business to see if there’s a better way to do it, and second, to be as transparent as possible. And, transparently, we realized there was a problem with our SRI portfolio. The thresholds the funds used to pick companies to invest in left a lot to be desired. So rather than depending on outside funds, last year we began building our own, better version. And today we’re introducing two new low-fee Wealthsimple ETFs: WSRI, which holds North American companies, and WSRD, for developed markets outside North America, such as Japan, Australia, and Europe. Both ETFs trade on the Toronto Stock Exchange, and they’re the basis for our redesigned SRI portfolios on Wealthsimple Invest (plus some government bonds to mitigate risk). But first, let’s go back to what went wrong. +> +>**We Didn’t Want the Best Worst Companies** +> +>The problem with our previous portfolio was simple: the standard way ETF providers decide which companies get included in a socially responsible fund is flawed. What they do is rank companies in any given industry by their social responsibility, then invest in the highest-scoring companies. The problem with this approach is that it’s based not on being, on balance, responsible. It’s based on being responsible *relative* to other companies in any given industry. +> +>That way of filtering meant that some of these ETFs still invested in fossil fuels companies and tobacco companies and arms manufacturers and problematic mining companies. They simply invested in the least bad of those companies. The problem is that a company might be the “most responsible” weapons manufacturer — but it’s still a weapons manufacturer. And our clients who were being conscientious about their investments by and large didn’t want to invest in *any* weapons manufacturers — even if they happen to have lower carbon output than their competitors. The existing funds available in Canada just didn’t make it possible to do that (while also being diversified). +> +>**So We Made Our Own ETFs** +> +>We set out to build a fund with far more intentional and stringent filters for the companies we’d be investing in. That meant weeding out entire industries, and types of corporate behaviour. +> +>The result? When you invest in a Wealthsimple ETF, here are what the funds *won’t* invest in: +> +>Big polluters, like oil and gas-related companies. Companies involved in thermal coal mining or coal power generation. We’ve also omitted the top 25% of carbon emitters in each industry — lowering the overall carbon footprint of the funds without sacrificing diversification. +> +>Companies in violation of the UN Global Compact (major controversies and human rights violations). +> +>Any defence contractors or weapon manufacturers. +> +>Companies involved in the manufacture of tobacco products, alcohol products, and casino, gaming, and adult nightclub/entertainment companies. +> +>Companies without women on the board. Companies in these funds must have 3+ or 25%+ women on their boards. +> +>**What will we invest in, then?** +> +>To clarify a popular misconception about SRI funds, it won’t be all electric-car companies and wind power. (That’s a different category of cause-driven investing called [impact investing](https://www.wealthsimple.com/en-us/learn/impact-investing), which you can do on [Wealthsimple Trade](https://www.wealthsimple.com/en-ca/product/trade/).) No, what we look for are companies that have diversity on their boards and walk the walk when it comes to progressive policies in the realms of sustainability and corporate governance. Internationally, this means a concentration of companies in Germany and the Nordic nations, which tend to have the most regulation in those areas. In North America, it means a wide range of companies in sectors ranging from financial services to real estate to food and beverage conglomerates. +> +>**No Baddies,** ***Plus*** **Lower Fees and Wealthsimple-Quality Performance** +> +>The other big benefit to making our own ETFs is we could charge lower fees. SRI funds are typically a little more expensive than non-SRI funds, for good reason: someone has to do the research and analysis that goes into deciding what’s included in and excluded from the funds, and that work comes with a cost. But since we’re the ones doing that research, and we’re no longer paying an outside firm a premium for the service, you’ll pay lower fees — the fee for WSRI is 0.20% and it's 0.25% for WSRD. The overall fee you'll pay for the equity funds in a Wealthsimple Invest SRI portfolio is only about 0.23% (compared to about 0.48% before). +> +>Like all our investing portfolios, our SRI portfolios are broadly diversified and designed for investors to keep their savings in so they can build wealth in the long term. There is no intended trade-off on returns — we believe you can still do well by doing good. +> +>**Get Started** +> +>All you need to do is sign up for a [Wealthsimple Invest](https://www.wealthsimple.com/product/invest/) account and choose “make my portfolio socially responsible” when prompted during the sign-up process. Your portfolio will include the two new ETFs, as well as government bonds to mitigate the risk — the proportion between stocks and bonds depends on how much risk you decide to take on. You can also buy WSRI and WSRD on Wealthsimple Trade (and pay $0 commission fees), or anywhere else you buy ETFs. +> +>And if you’re already a Wealthsimple Invest client with an SRI portfolio, you don’t need to do a thing. Your investments will automatically be transferred into to the new portfolio. + +Source: [https://www.wealthsimple.com/en-ca/magazine/news-sri-portfolio?utm\_source=exacttarget&utm\_medium=email&utm\_campaign=SRI](https://www.wealthsimple.com/en-ca/magazine/news-sri-portfolio?utm_source=exacttarget&utm_medium=email&utm_campaign=SRI) + +\-Edit- + +Added factsheets for ETF's +In my opinion, everyone should have a dash cam. It can potentially save you thousands of dollars if you get into an accident. It doesn't matter if you're a good driver, because guess what? Other people aren't. And you're driving within inches and feet of those people every day, especially in the city. + +One of my friends just got into an accident when another car ran a stop sign (along with speeding) and t-boned her on a country road. Guess what? The guy is pointing the finger at her and there were no other people around so no witness'. I have never been in that situation before so I don't know what's going to happen, I'm assuming she'll be going to court over this. If she had a dash cam, it would be an easy win for her. + +You can find a cheap dash cam on Amazon for sub $100. The really nice ones are around $300 or so, still pretty cheap for what it does. The one I have is around $150, HD recording, starts automatically when the car turns on. Records in a 90 minute loop. + +So if you don't have a dash cam in your vehicle, I HIGHLY recommend you invest in one ASAP. + +/r/roadcam + +/r/dashcam + +**EDIT:** Man, this blew up overnight. I'll try and go through my inbox and respond. Been getting a lot of questions on how dash cams work and how to "wire" them. There is no "wiring" needed, you don't need to be a mechanic to do this. I know absolutely nothing about cars. **All you do is take it out of the box, attach the camera to the mount that comes with it. Put the mount (suction cup) to your wind shield. Plug it into the lighter charger and you're done. It's really that simple. When you turn on the car it will start recording automatically. You don't need to touch it. It records on a 90 minute loop and stores 18 five minute videos on a SD card that comes with it. What if it gets stolen? Well, I live in a safe area so I never have to worry about that. If I lived in the city I would definitely take it off and store it in the glove box or out of sight somewhere** + +The dash cam that I have is the **KD Links x1**. So everything that I said is specific to that camera. I'd post the link here but people would probably get upset and accuse me of trying to make money. So just go to Amazon and look it up. It's a great camera and awesome customer service. +Looking for thoughts and feedback from anyone here who has experience in owning an American fast food restaurant. Considering the purchase of a Taco Bell or McDonalds or similar. I know this sub seems to be more heavily skewed towards tech but I’d love to hear the good, the bad, the ugly of franchise ownership. + +For background, I currently work in finance/corporate America. My job is cushy but does not inspire. While my current role is relatively easy, there is no room to grow at my current company, and as cliche as it sounds, I hate working for other people. + +I like the idea of a top franchise as they have well oiled business plans that are proven. My background is CPA with experience in private equity and corporate finance. I would think that with my educational and professional background, I would have some of the required business skills. As for cons, I’m a 29 M with zero restaurant experience. + +Some questions I have: what is the typical workflow or workday of owner/operator? Are these investments more on the active or passive side of the scale? Did you have restaurant experience and did that help? Does having so much of your business dictated by a corporate office help or hinder you? +So, here’s some context first so y’all can understand all of it: + +I’m 27M and brazilian, things are pretty rough around here and i’ve been learning about day trading for a couple of months. The main reason for me to trade is basically I don’t have to profit a few hundreds bucks to worth it, my currency is 5 times weaker compared to dollar, so i just thought if I’ll be able to do from 50 to 100 dollars per day is around 4 to 8 days of work of our daily minimum wage in just one day. + +The thing is, it really worth for someone like myself to put a capital equal to more than a month of work to start trading? Also I would like to ask what indicators (or others) do you guys use for intratrading, I don’t really have to make a lot of money and I have plenty spare time to sit down in front of the computer all day and wait for the best signal to entry a trade because I only need basically 1 or 2 good trades per day. + +Plus next sunday is our election day and we’re all afraid about what could happen and how things will go crazy about prices and even more unemployment here (which i’m right now), that’s why i’m trying to find out the best outcome for my family. + +Thanks in advance and i’m sorry for grammar errors, i’m not fluent in english. +This is going to be a long one. + +This analysis contains no memes, no hype dates, no cryptic tweet analysis, and minimal speculation based on known market mechanics. This is a cumulative fact-based report of what we know to-date. The abstract is the closest you will get to a TLDR. This is *The GameStop Market Hedge Thesis*. + + +##Abstract + +GameStop is primed for the biggest short squeeze the market has ever seen. **The January 2021 “Sneeze”** section uses SEC reports to show that short covering was a small fraction of the buy volume in the sneeze. Massive short positions are open and hidden in ETFs and swaps which don't have to be reported. **Current Market Conditions** is speculative but shows strong signs of an impending recession and/or market downturn. **The GameStop Squeeze is Inevitable** shows the company is in good health and at no risk of bankruptcy. Borrow and utilization rates prove the stock is illiquid and hard to find. Negative beta is a strong indicator that GameStop tracks inverse to the market which is headed for a major downturn. Even with current reported SI and no hidden short positions GameStop is primed to move many multiples above its current market cap. ComputerShare DRS statistics provide proof of a closing exit for shorts to squeeze out of, day by day making it harder for them to close their positions entirely. + + +_________________ + +#Why Short Squeezes Happen + +##Prime Short Squeeze Conditions + +>Short interest ratios tend to be quite low; for large non-financial stocks, they are often less than 2.5% whereas for small non-financial stocks they still tend to be less than 13%. **Few stocks, if any, have short interest greater than 50% on a given date.**^(76) Until recently, short interest of more than 90% was observed only a few times—in 2007 and 2008. When examining short interest as a percent of shares outstanding, **GME is the only stock that staff observed as having short interest of more than shares outstanding in January 2021.** + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +>**Short squeezes tend to occur more often in smaller-cap stocks, which have a very small float** (supply), but large caps are certainly not immune to this situation. + +[[Investopedia What Short Interest Tells Us](https://www.investopedia.com/articles/01/082201.asp)] + + +_________________ + +#The January 2021 “Sneeze” + +>Some institutional accounts had significant short interest in **GME prior to January 2021.61 GME short interest (as a percent of float) in January 2021 reached 122.97%,** far exceeding other meme stocks like Dillard’s, Inc. (symbol: DDS) (77.3%), Bed Bath & Beyond, Inc. (symbol: BBBY) (66.02%), National Beverage Corp. (symbol: FIZZ) (62.59%), Koss Corp. (symbol: KOSS) (0.92%), Naked Brand Group, Ltd. (symbol: NAKD) (7.3%), and [A]MC Entertainment Holdings Inc. (symbol: [A]MC) (11.4%). + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +FINRA reported GameStop’s short interest at 226% as of 2/9/2021 + +[FINRA NYSE:GME 2/9/2021](https://i.redd.it/1vc7zl4yzgg61.jpg) + +>January 27th 2021 1% of all NSCC members were margin called because of idiosyncratic risk in one named stock GameStop + +[[2021 Financial Stability Oversight Council Annual Report](https://home.treasury.gov/system/files/261/FSOC2021AnnualReport.pdf)] + +>“If the short squeeze happens the stock could go to infinity practically because the shorts have to borrow the stock and once there is no more stock to borrow they cannot deliver. So the broker has to buy the shorts at any price. So there is no solution to this unless shorts are liquidated.” + +Thomas Peterffy + +Billionaire Founder and Chairman of IBKR + +[[Bloomberg Markets and Finance](https://youtu.be/kV_P8wnY854?t=407)] + +##Why did GameStop Short Interest drop after January 2021? + +[GME Short Interest 2007-2021](https://i.imgur.com/Wrob3MR.png) + +>As GME increased in value, price changes in XRT became increasingly driven by those of GME. **Shorting XRT could have served as an indirect, though imperfect, way of shorting GME.** In fact, staff observed a large spike in net redemptions of nearly 6 million shares in XRT on January 27, which may be consistent with short selling activity. This redemption activity was generated nearly entirely by ETF market making firms. It therefore was likely the result of net selling of XRT by market participants against market makers (e.g., market makers buying from investors selling short) where the market makers, rather than offsetting those purchases, subsequently redeemed the XRT shares from the ETF sponsor for shares of the underlying stocks. Such shorting could have led XRT to trade either at a premium or discount relative to its NAV depending on market dynamics. + +>**While a short squeeze did not appear to be the main driver of events,** and a gamma squeeze less likely, the episode highlights the role and potential impact of short selling and short covering. + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##Market Makers’ Role + +>The vast majority of GME stock trades executed off exchange in January 2021 were internalized (approximately 80%) as opposed to executed on ATSs.^(99) The market for internalization of GME was highly concentrated, with 88% of internalized dollar volume in January executed by just three wholesalers.^(100) Citadel Securities accounted for nearly 50% of internalizer dollar volume during the month, rising to as high as 55% of daily internalized dollar volume twice.^(101) Virtu Americas accounted for approximately 26% of the internalized volume during January.^(102) While the percentage of GME trading internalized declined during **the last week in January, the absolute volumes executed by internalizing firms during the days of the most intense trading in this period were, in some cases, an order of magnitude larger than what had previously been typical for these firms. For example, Citadel internalized an average of just under $37 million of GME per day in December 2020.^(103) On January 27, Citadel internalized nearly $4.2 billion of GME.^(104)** Similarly, Virtu internalized an average of $23.4 million of GME each day in December 2020 and $2.2 billion of GME on January 26.^(105) On January 29, Citadel internalized approximately $2.2 billion of GME stock, while Virtu internalized approximately $1.4 billion.^(106) + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##SEC Conclusions + +[Figure 6](https://i.imgur.com/PjB8y9h.png) + +>Figure 6 shows that the run-up in GME stock price coincided with buying by those with short positions. **However, it also shows that such buying was a small fraction of overall buy volume,** and that GME share prices continued to be high after the direct effects of covering short positions would have waned. The underlying motivation of such buy volume cannot be determined; perhaps it was motivated by the desire to maintain a short squeeze. Whether driven by a desire to squeeze short sellers and thus to profit from the resultant rise in price, or by belief in the fundamentals of GameStop, ***it was the positive sentiment, not the buying-to-cover, that sustained the weeks-long price appreciation of GameStop stock.*** + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##XRT Price and Short Interest + +[ORTEX ARCA:XRT](https://i.imgur.com/a2N3Bv5.png) + +##NSCC Financial Stability (Clearing House) + +>**The maximum backtesting deficiency, or margin breach, at DTCC’s FICC clearing services fell off for the twelve months ending March 31, 2021 as market volatility observed in the first quarter of 2020 rolled off** (Chart 3.6.1.2). In contrast, NSCC reported a backtesting deficiency of $1.1 billion on January 22, 2021, the largest since public disclosure began in the third quarter of 2015. In its quarterly Principles for Financial Market Infrastructures (PFMI) disclosure, **NSCC attributed the backtesting deficiency mainly to a single security exhibiting idiosyncratic risk.** + +[[NSCC 2021 Financial Stability Oversight Council Annual Report](https://home.treasury.gov/system/files/261/FSOC2021AnnualReport.pdf)] + +##Total Return Swaps + +**How did Archegos manage to get away by not disclosing its positions?** + +>**Archegos is estimated to have managed about $10 billion of its own money, according to people familiar with the fund. Its total positions that were unwound approached $30 billion thanks to leverage Archegos obtained from banks.** + +[[WSJ What Is a Total Return Swap and How Did Archegos Capital Use It?](https://www.wsj.com/articles/what-is-a-total-return-swap-and-how-did-archegos-capital-use-it-11617125839)] + +>**These losses were made possible due to the unique characteristics of total return swaps and Archegos’ formation as a family office, both of which permitted Archegos to skirt trading regulations and reporting requirements.** Archegos essentially purchased beneficial ownership in large amounts of stocks, particularly ViacomCBS Inc. and Discovery Inc., on credit. Under Regulation T of the Federal Reserve Board, up to 50 percent of the purchase price of securities can be borrowed on margin. However, to avoid these rules, Archegos instead entered into total return swaps with the banks whereby the bank is the actual owner of the stock, but Archegos would bear the risk of loss should the price of the stock fall and reap the benefits if the stock were to go up or were to make a distribution. + +[[Social Science Research Network - Total Return Meltdown: The Case for Treating Total Return Swaps as Disguised Secured Transactions](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4065946)] + +>According to reports by Bloomberg and The Wall Street Journal, Archegos built up these positions through a derivative instrument called total return swaps. **According to this Forbes report, family offices are required to report stock and derivative positions above $100 million in 13-f filings on the Securities Exchange Commission’s EDGAR website. However, swaps are excluded from 13-f filings.** + +[[CNBCTV Explained: Why regulators failed to spot the ticking time bomb at Archegos](https://www.cnbctv18.com/market/stocks/explained-why-regulators-failed-to-spot-the-ticking-time-bomb-at-archegos-8806301.htm)] + +##Swap Reporting Delayed until October 2023 + +>The Commodity Futures Trading Commission’s Market Participants Division today issued a time-limited no-action letter concerning capital and financial reporting obligations for swap dealers (SDs) subject to capital requirements of a prudential regulator (Bank SDs) under the CFTC’s SD financial reporting rules. + +>**The no-action letter was issued in response to a joint request received from the Securities Industry and Financial Markets Association and the International Swaps and Derivatives Association on behalf of their SD members who are otherwise required to comply by October 6, 2021 with the CFTC’s newly adopted capital and financial reporting requirements.** The relief granted by the letter would expire on the earlier of October 6, 2023 or the adoption by the CFTC of any revised financial reporting and notification requirements applicable to such Bank SDs. + +[[CFTC Staff Provides Temporary No Action Relief from Certain Financial Reporting Requirements to Bank Swap Dealers](https://www.cftc.gov/PressRoom/PressReleases/8422-21)] + + +_________________ + +#Current Market Conditions + +[Inflation rises to highest level since 1981](https://i.imgur.com/g5Ruues.jpeg) + +##Reverse Repo Rate + +>**“With more market rates threatening to go negative (either explicitly or through deposit fees), pouring money into the RRP facility at a zero rate is the least painful alternative,”** said Lou Crandall, chief economist at Wrightson ICAP, in an email to MarketWatch. + +[[MarketWatch Why demand for Fed’s reverse repo facility is surging again](https://www.marketwatch.com/story/why-demand-for-feds-reverse-repo-facility-is-surging-again-11621904689)] + +>The amount of money parked at a major Federal Reserve facility **climbed to yet another all-time high, surpassing the $2 trillion milestone for the first time, as investors struggled to find places to invest their cash in the short term.** + +[[Bloomberg Fed Facility Tops $2 Trillion as Investors Scramble to Park Cash](https://www.bloomberg.com/news/articles/2022-05-23/fed-s-reverse-repo-facility-exceeds-2-trillion-for-first-time)] + +[Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations](https://i.imgur.com/q5sqtqn.png) + +[S&P 500 March 2019 - June 2022](https://i.imgur.com/glDm926.jpg) + +[Global Cryptocurrency Market Capitalization August 2020 - June 2022](https://i.imgur.com/7ie6Q2N.png) + + +_________________ + +#The GameStop Squeeze is Inevitable + +##Thesis + +Shorts have not closed, some of the biggest market makers and institutions have been trying to hold a beach ball (GME) underwater for the last 18 months. + +##Risks v. Reward: Risks of Investing in a Short Squeeze + +>Contrarian investors may buy stocks with heavy short interest in order to exploit the potential for a short squeeze. A rapid rise in the stock price is attractive, but it is not without risks. **The stock may be heavily shorted for good reason, such as a dismal future outlook.** + +[[Investopedia Short Squeeze Definition](https://www.investopedia.com/terms/s/shortsqueeze.asp)] + +##GameStop Fundamentals + +Cash and Cash equivalents of $1.035B + +Merchandise Inventories of $917.6M + +[[GameStop 10-Q Quarterly Report](https://news.gamestop.com/static-files/5df55006-ebe2-478e-8058-d88a7b5b3d88)] + +[GMEdd Tech Hire Database](https://www.gmedd.com/report-model/) - From February 2021 to-date GameStop has hired 428 executives and engineers from Amazon, Chewy and more. + +##Borrow rates are above January 2021 levels + +[ORTEX NYSE:GME](https://i.imgur.com/VxePpw3.png) + +>Lending fees to borrow GME were around 25% in January 2021 and fell as short interest began to decline into February 2021. + +[[SEC.gov Staff Report on Equity and Options Market Structure](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf)] + +##Insider Buying + +| INSIDER TRADE            | 3 MONTHS    | 12 MONTHS     | +|:-------------------------|------------:|:-------------:| +| Number of Shares Bought  | 112,500     | 257,633 +| Number of Shares Sold    | 743         | 2,833 +| Total Shares Traded      | 113,243     | 260,516 +| Net Activity             | 111,757     | 254,750 + +[[NASDAQ GME Insider Activity](https://www.nasdaq.com/market-activity/stocks/gme/insider-activity)] + +##Negative Beta + +What Is Beta? + +>Beta is a measure of a stock's volatility in relation to the overall market. **By definition, the market, such as the S&P 500 Index, has a beta of 1.0, and individual stocks are ranked according to how much they deviate from the market.** + +>Negative beta: **A beta less than 0, which would indicate an inverse relation to the market, is possible but highly unlikely.** Some investors argue that gold and gold stocks should have negative betas because they tend to do better when the stock market declines. + +[[Investopedia What Beta Means When Considering a Stock's Risk](http://investopedia.com/investing/beta-know-risk/)] + +[Zacks GameStop Fundamental Charts Beta](https://i.imgur.com/lPuFkr9.png) + +##Utilization Rate + +>The utilization rate is the number of shares borrowed divided by the number of shares that institutional investors are willing to lend. **A higher rate indicates that more of the supply of shares in the securities lending market is being borrowed.  A higher utilization rate also increases the likelihood that short sellers could face a buy-in if investors recall their loaned shares.** + +[[Seeking Alpha Stocks with the largest increase in utilization rate](https://seekingalpha.com/instablog/682063-shortside/149448-stocks-with-the-largest-increase-in-utilization-rate)] + +[GameStop Utilization Rate](https://i.imgur.com/fADB8n5.png) + +##Reported Short Interest + +Exchange Reported short interest is up to 24% of the free float and ORTEX estimated short interest is up to 28%. + +[ORTEX NYSE:GME](https://i.imgur.com/b2tn2f7.png) + +>In early 2020, Tesla was the most-shorted stock on the U.S. exchanges, with more than 18% of its outstanding stock in short positions.From late 2019 through early 2020, Tesla stock soared by 400%. + +[[Investopedia Short Squeeze Definition](https://www.investopedia.com/terms/s/shortsqueeze.asp)] + +##Stock Split Dividend + +>**GameStop plans to seek shareholder approval for a stock split in the form of a dividend.** If approved, the stock split would increase the number of GameStop Class A common shares from 300 million to 1 billion. + +[[Investopedia GameStop (GME) Flags Stock Split, Shares Surge](https://www.investopedia.com/gamestop-flags-stock-split-shares-surge-5224459#:~:text=Key%20Takeaways,300%20million%20to%201%20billion.)] + +GameStop shareholders approved the amendment to increase the number of authorized shares of Class A Common Stock [the "common stock"] to 1,000,000,000 on June 2, 2022 + +>Shareholders of dividend-paying companies as of the record date are entitled to collect declared dividends. **If, however, you are short a dividend-paying stock, you are not entitled to receive the dividend and must pay it instead to the lender of the borrowed shares.** + +[[Investopedia Are Investors Short a Dividend-Paying Stock Entitled to the Dividend?](https://www.investopedia.com/ask/answers/042215/if-investor-short-dividendpaying-stock-record-date-are-they-entitled-dividend.asp)] + +##Direct Registration of Shares + +**What is Direct Registration v. Street Name?** + +>You may have your security registered in street name and held in your account at your broker-dealer. Many brokerage firms will automatically put your securities into street name unless you give them specific instructions to the contrary. **Under street name registration, your firm will keep records showing you as the real or "beneficial" owner, but you will not be listed directly on the issuer's books.** Instead, your brokerage firm (or some other nominee) will appear as the owner on the issuer's books. + +[[SEC Holding Your Securities Get the Facts](https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html#:~:text=Under%20street%20name%20registration%2C%20your,owner%20on%20the%20issuer's%20books.)] + +##What does DRS do? + +[Flow chart demonstrating shares held in ComputerShare remove the stock from the DTC](https://i.imgur.com/acXwGGl.png) + +##A Closing Exit + +**As of today shareholders have directly registered over 43% of GameStop’s free float.** + +[GameStop's Available Float with Retail DRS subtracted](https://i.imgur.com/4DWLRKI.png) + +[[ComputerShared.net](https://www.computershared.net/)] + + +_________________ + +#In Conclusion + +Shorts have not closed. Markets are on edge and GameStop becomes more illiquid with each day that passes. MOASS will come and when it does it will be unlike anything the markets have seen before. +Since joining this subreddit, I have seen nonstop, SCHD, VTI, and VOO, to name a few ETFs. I personally do not invest in any of these, but may I ask why this subreddit only talks about these ETFs rather than stocks like MCD, O, or T that pay consistent dividends as well as are great companies? Do any of you invest in stocks other than SCHD or VTI or VOO? +Welcome to CashDog! Listing on CG SOON + +&#x200B; + +“Helping Dogs With Every Trade” + +&#x200B; + +From the Owners of NFTLootBox.com + +&#x200B; + +CashDog is a Charity Focused DeFi Token with Automatic Liquidity Generation and Token Redistribution on each trade. + +&#x200B; + +A percentage of every trade goes to help a Selected Dog Charity Organisation. Each month our community votes to select the Charity. + +All donations are public and can be verified. + +&#x200B; + +⛓ Binance Smart Chain + +👨‍👩‍👧‍👦 2% of Each Trade Redistributed to Holders + +🚀 3% of Each Trade Added to Liquidity + +👷‍♂️ 3% of Each Trade is retained for Marketing, Development and Running Costs + +🐶 3% of Each Trade is Donated to a Community Voted Dog Charity + +&#x200B; + +Please set 11-13% Slippage when buying. + +&#x200B; + +Contract: 0x494a2f5395ac213622762e4ef4d44661758ca639 + +&#x200B; + +Www.Cashdog.io + +&#x200B; + + 🚀Buy On PancakeSwap + +&#x200B; + + (https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x494A2f5395aC213622762e4ef4d44661758Ca639)Is the Team DOXXED (Public)? + +&#x200B; + +Yes we are! Please check LinkedIn on the website. There have also been multiple videos by the owner Wes + +&#x200B; + +When Presale? + +&#x200B; + +Presale completed in 25 Seconds on https://dxsale.app/ + +&#x200B; + +What was Soft and Hard Cap? + +&#x200B; + +150BNB Soft Cap 300BNB Hard Cap + +&#x200B; + +Was there a Private Sale? + +&#x200B; + +190 BNB was raised in private sale. Public sale was at the same price. + +&#x200B; + +How much Liquidity and is it Locked? + +&#x200B; + +80% of all raised BNB will be added to Liquidity and Locked until the year 2099. The other 20% will be used to market CashDog in the time between Sale and Listing. + +&#x200B; + +When CoinGecko and CMC + +&#x200B; + +Both have been applied for! +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 is one question I see repeated over and over on this forum: Is Day Trading gambling? + +Here’s your answer: + +I am a professional Day Trader. Not saying that to brag, it’s just what I do for a living. + +What is a professional Day Trader? Someone who is consistently profitable month after month. A career, not a hobby. Income that is depended on to pay the mortgage, put food on the table, college tuition. + +Having this job means I also interact with many other professional Day Traders. Some better than me, some worse, but all make a living doing it. + +So no, it’s not gambling. It’s not luck. + +You know what is gambling? Playing meme stocks, thinking you can predict tops or bottoms, going with your “gut” - if you’re doing that you might as well go to the casino. + +But real Day Trading? If it were luck than those of us that do it to pay the bills and have been for years, would be screwed. + +EDIT: the constant negative comments from trolls is exactly why successful Day Traders stay away from these forums. There is only one reason to troll a post about Day Trading for a living - you tried it and failed. Over the past year I’ve seen more and more actual Day Traders leave this forum and you’re left with a bunch of disgruntled posters. It’s unfortunate because the people looking for real help will no longer be able to find it here. +So I went to the hospital back in February for reasons I will not discuss here. I have great health insurance through my employer that does cover hospital stays. I didn't yet have the card at the time of the stay because I just got the insurance and they hadn't mailed it to me yet, but I was covered during that time. + +I have since been on the phone with the hospitals billing department and my insurer. The insurer says I am covered and the hospital needs to submit a claim. The hospital keeps claiming they don't have my information despite me giving them the card number over the phone and even having a representative from the insurer talk to them in a 3-way call. + +Now the bill has gone to the collections agency and hospital refuses to even try to submit a claim to the insurer, stating that its up to the collections agency and then rudely hanging up on me. The collections agency says I have to take it up with the hospital when I explain the situation to them. + +Now I have people from India constantly blowing up my phone and I don't want this bullshit to drag down my credit score (so far it has not appeared on my credit karma reports). Can someone please tell me how to deal with this? +I never thought of owning a house, but I suppose I could make money as a landlord. Up until now (I'm 45) I have been living in rented apartments, always with, at least, a few other people (shared kitchen and bathroom). If I decide to take my landlord's recommendation, and speak to a real estate agent in regards to buying, what kind of questions should I ask? Thanks. +A couple of years ago I got into FIRE and was ecstatic, as most of you were the first time you heard about it and realized "wow, this can actually be done?!". So of course, saving and investing became a big part of my life. Earlier this year however, something happened in my life and I decided to also start taking care of myself. Went on a diet, started exercising and have so far lost about 30 lbs. + +I can now do 5K runs and I don't even feel it. It's nothing now. My goal is to work up to doing half marathons. Anyway, I recently started reflecting on what freedom really means to me. Freedom is not merely being able to give your stupid desk job the finger, or having the ability to spend your time as you wish thanks to material wealth accumulation. + +Freedom is thinking about what you'd really like to achieve in life, and then going for it without fear, regret or what anyone else thinks. Freedom isn't having the option to eat cheeseburgers and doritos all the time, even though it technically is. The problem with doing so is that it separates you from the best version of yourself, and the best version of yourself is the freest form of yourself. Think about it: + +The best version of yourself is the one YOU want to become. Want to be strong, athletic and have a nice body? Figure out what you need to do to get there. Take advice from guys who have what you want, replicate what they're doing, and eventually refine it such that it works better for you. This can only be done through self-discipline. Self-discipline = freedom, as Jocko Willink puts it. + +FIRE is ultimately a mindset. Besides, as Charlie Munger once said: "life is more than being shrewd at passive wealth accumulation". Don't get me wrong, keep saving, folks. Just make sure you focus on maximizing your freedom in other areas of life as well. Imagine how freeing it is to be able to run long distances and not have to worry. You can just do it. It takes you places. You see things, scenery, people. You challenge yourself and it makes you feel good afterwards. THAT is true freedom. + +Just sharing my two cents after a couple of years of following this sub. +Usually trading halts when Upper and lower circuits gets triggered. There'll be no price movement. But when I look at the charts there are still some small volumes traded even when the stock is in upper or lower circuit. How's it possible, and at what price do they trade? + +2. Also when the stock hits the upper circuit sellers are not available, and when it hits lower circuits buyers are not available ? Why? +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! + +This will probably be a little long, but I think there is some good advice for others in here. + +I was financially illiterate until about 7 years ago. I thought living in debt (and substantial debt) was normal because I had a good credit score. I had gone to expensive schools and was only making 40k a year. When my wife became pregnant in 2015, I finally started to do financial planning and realized we were not doing well. Our household net worth was about -$200,000. + +I had a co-worker tell me about Dave Ramsey and I started listening to him and followed some of his principles to start getting out of debt. I did this for a few years, which did help some but our financial picture changed much more quickly when we discovered FIRE in 2019. Our household income had gone up significantly (140k) and our net worth was -80k. We were making progress but that was mostly due to selling cars. At this point, we decided to get serious with our savings rate by saving over 50% of our income. I opened a Roth IRA and maxed that and the 401k each year going forward. In addition, we were paying extra on debt and contributing to a taxable account to use as a bridge account for when we FIRE. I hated my job at the time, so I had lots of motivation to try to save more and more. By the middle of 2022, we had a net worth of over 250k. + +My wife, was never excited as much as I was with FIRE and wanted to travel and spend some funds but I saw different goals in front of us (coast fire, lean fire, fire, fat fire). Well, everything came to a head when I was laid off a few months ago. During that time, we discussed what we were doing and realized that our goals did not fully align. That being said, we decided that pushing through with a high savings rate until we hit coast fire would be our goal and it would happen in 3-4 years. +After relocating for a job I was genuinely interested in and had a great team, I was making 10k more. Everything was back on track, or so I thought. + +The problem was I went from a job I hated to this new one that I love. I now like coming to work and my motivation to pursue FIRE is almost gone. I think I was doing FIRE for the last few years as I was in a job that I despised. Starting this month, I dropped our savings rate to \~35% and will now build retirement slowly over the next decades. With this savings rate, I will likely become financially independent in \~15 years anyway, but it is no longer a race. This flexibility now gives us more room to travel, eat out, buy clothes and have hobbies. I did not realize the impact that this would have on our happiness after years of having no flexibility in this area. + +**Lessons learned:** + +1) If you are miserable at your job, it is not good to suffer through it for years until you can FIRE. This is even true for higher income jobs. Look for a new job if you feel this way. + +2) If you are married, be on the same page as your spouse and be flexible. + +3) While starting young is beneficial, you can start later in life with a large negative net worth and end up turning that around with a high savings rate and being intentional. + +4) Do not pursue FIRE without a good reason. What will you do when you FIRE? + +5) For FIRE, do not sacrifice the journey to get to your destination quicker. +My wife has been wanting a new car that’s fairly expensive, and said maybe we should “save” for it. We have a pretty high income and plenty of money we can just decide to buy it today if we wanted. There is really no point to save for it, but it seems a bit wrong to just do it because we want to. How do you “save” for purchases like this when you don’t need to? +This is a total 'Trust Me Bro' post. At the same time, it will link together a LOT of actual facts, and if you connect the dots -> It points to there potentially being MASSIVE GME short positions held by Short Family Offices + +********************************************************************* + +A) What are Family Offices + +Family Offices are PRIVATE investment vehicles which hold money for just one person/one family and do not have to report anything + +Archegos was one such Family Office + +Because they don't have to report anything, they can do a lot more shady things than Hedge Funds (as hard as that is to believe), and negotiate a lot riskier deals with Big Banks + +Exactly what Archegos did + +************************************************************* + +B) Archegos is a small Family Office + +Yes, the Short Family Office that BLEW UP Credit Suisse and other big banks is a 'small' family office with $20 Billion assets under management + +The real big Family Offices are + +Bill Gates Family Office Cascade Investment LLC - rumored to have $100 Billion of Assets + +Bezos Family Office - rumored to have $125 Billion in Assets. It's called Bezos Expeditions + +Please keep in mind that Bezos' father and mother are two of the first investors in Amazon. They have an unknown and possibly massive stake in Amazon. So it is not just Bezos with $150 to $200 billion net worth + +His parents possibly have tens of billions of dollars too + +************* + +Many, many of the top Billionaires + +Please understand that Rich people ALWAYS do stuff like this. Bill Gates started his family office in 1995 - the year that Windows 95 came out + +So this is not some 'new' thing. It's been secret for so long because Billionaires LOVE being able to do everything in secret + +********************** + +We do not know whether or not they have super risky bets like Archegos + +We do know that if Archegos was going to 4 banks and getting loans against 4 different banks for the same SINGLE collateral, then + +it is quite possible that + +a few/some/a lot of these Large Short Family Offices would also be doing similar deals + +******************************************************************************** + +C) All the manipulation and market rigging and LACK OF JUSTICE does not make sense for + +saving Citadel's Ass + +In the grand scheme of things NO ONE cares about some small time $20 billion worth billionaire like Griffin. Did you even know he existed before GME? + +However, it suddenly makes a TON of sense if you realize that perhaps 20 of the Top 50 Billionaires in the world are at risk here + +Perhaps 40 to 80 of the Top 200 Billionaires in the world might be at risk + +Now consider their COLLECTIVE INFLUENCE + +Wall Street and Short Family Offices are all interlinked + +Bill Hwang is a Tiger Cub. Pretty sure many/most of the large Short Family Offices are run by ex Wall Street people + +Where else would they get domain expertise in cheating and stealing from every day people, other than Wall Street? + +So, when infinite money glitch like GME and other heavily shorted stocks comes around + +Short Family Offices have two options + +Option A: Sit around and do nothing. Let Wall Street Short Hedge Funds make all the money + +Option B: Jump in and ALSO take advantage of Infinite Money Glitch + +You think Billionaires became billionaires by passing up money making opportunities? + +******************************************************************* + +D) Bill Gates admitting that he has a $500 Million short bet against Tesla gives us a very valuable data point + +A company like Tesla, which no one in their right mind would short because it is such a strong story stock + +was being attacked by Bill Gates. Almost certainly through his Short Family Office + +Dude is willing to take on a trillion dollar company run by world's richest man (Elon Musk) + +What do you think that same Short Family Office thought when it saw GME and other Brick and Mortar Companies + +And then The Pandemic happened + +At the start of the pandemic -> anyone who had money and influence must have thought it is the opportunity of a lifetime + +attack brick and mortar companies + +pass legislation and do lobbying to hamper small and medium companies + +bankrupt them and take market share and assets for cheap + +******************************************************************* + +E) With GME we get four possibilities + +Possibility 1: Short Family Offices did not short GME + +Unlikely, and should still be considered a possibility + +**************** + +Possibility 2: Short Family Offices were shorting GME right from the start, alongside Short Hedge Funds + +We can see how many billionaires such as Amazon and Google Billionaires would benefit from this + +We know there is a Wolf Pack - a group of Short Hedge Funds that gang up on endangered companies + +We know that Amazon partnered with Bain and BCG etc and attacked Amazon competitors + +It is not a big jump that Short Family Offices are partnering up with the Wolf Pack and other short Hedge Funds to attack their Billionaire owners' rivals + +and also to attack weak companies + +************* + +Possibility 3: Short Family Offices found out from Wall Street Connections (most are Ex Wall Street) and jumped in to shorting GME + +********************* + +Possibility 4: Short Family Offices knew about GME being shorted, and then Pandemic happened, and they thought of it as + +either + +Infinite Money Glitch + +and/or + +Best time to eliminate brick and mortar companies + +And at start of Pandemic the Short Family Offices started shorting GME and some other of the heavily shorted companies + +******************************************************************** + +We have to consider all 4 possibilities + +The 3 possibilities that Short Family Offices are shorting GME are very strong because these are some of the most money driven people on the planet + +Just to become a billionaire takes an insane amount of money focus and money need. Imagine the drive and hunger to become worth $20/$50/$100 Billion + +That is why these people are always claiming 'I did it for the nookie' and 'I did it for the endangered species in Iceland' - they are scared of their rapacious lust for money becoming common knowledge + +************************************************************************* + + +What happens when we tie all these facts together + +1) Archegos was a short family office + short family offices do not have to report anything + +2) Archegos is a small family office compared to Gates and Bezos family offices + +3) Most of the Top 100 billionaires have family offices + +4) Bill Gates admitted to half a billion short bet on Tesla (imagine the balls on this Dude - to be shorting a stock like Tesla that can cause massive losses) + +5) GME went through a period of weakness + +6) That GME period of weakness was intensified and pandemic made it seem GME might get wiped out + +7) It seems that entire US Government is against GME MOASS and is trying to delay it + +8) Complete and utter Lack of Justice - which suggests some very powerful people are delaying the MOASS + +********************************************************************** + +Short Family Offices are part of the hidden 9/10ths of the Iceberg + +Melvin Capital getting wrecked is The First Chapter + +We are going to see a lot of surprises + +A lot of billionaires who get wrecked when MOASS happens + +Please check and see if they had Short Family Offices and whether or not those Short Family Offices had short positions on GME + +************************************************************************ + +This also means that Apes have to show patience and focus on what Apes can control + +locking up the float + +buying more shares + +buying more from GME (what Mark Cuban said - support the company by buying its products) + +support GME initiatives like Wallet + +The most popular wallets have million to a few million users - GME shareholders alone can make GME wallet #1 wallet in the world + +support GME NFT Marketplace + +***************************************************************** + +Paytience - Short Family Offices might be the reason the MOASS has been delayed + +And Apes don't just have to take on Griffin and Citadel + +Behind the scenes the Short Family Offices of 20 to 40 of the Top 100 Billionaires in the world might be involved + +One Unexpected Plus: That means there is a LOT more money available than just DTCC Insurance and Fed Printing Press. A lot of very rich billionaires (if they are short GME) are going to share their wealth with GME shareholders + +************************* + +Edit 1 -> This is from an Ape who doesn't have Karma to comment on SS. He's Trust Me Bro too, just like OP (me) + +Comment -> I work in FO, + +I think something else you should consider is that MFO’s often invest in institutions like Citadel in private pools or short term private placements often providing liquidity to the institutions when they are in a rough spot. + +(I’m personally long GME, my office does not currently work in equities.) +I don't want to make it sound like I'm whining or complaining here, because I'm not. Instead, this is just sort of an observation I made recently about my emotions. + +I used to get incredibly excited when I hit new earnings milestones. I distinctly remember the exhilaration the first day that my business made $100 in 1 day. Every milestone since has been a source of pride and has typically resulted in celebrating. + +However, I'm finding that I'm getting less and less excited about earning money. + +Last month I had my highest earning month ever - approximately $240,000 profit in August alone. The previous month was another record at about $200k. When I hit this new personal best, I expected more excitement, but instead it felt like just another paycheck. + +Maybe I'm feeling distance from the money because I'm just stuck at home all day quarantining, so I can't experience the joys that that kind of cash can get me. Maybe it's unexciting because I just dump all of my earnings into the stock market every month. Or maybe I've just gotten used to seeing big numbers? + +I'm wondering if any high earners have experienced similar feelings, and if these feelings affected your drive to earn. + +I am lucky in that this new feeling isn't really affecting my drive (yet, anyway) because I've always been driven for my love of the job. I would've happily done this job at 50k/yr, so my earnings have been an unexpected bonus. +Anyone here do a fat version of coastFIRE? Not talking about being a barista or english teacher. More thinking about leveraging your existing skills to find a flexible, part time, reasonably high paying job. Or maybe running a lifestyle business. + +&#x200B; + +I'm curious what options are out there. Consulting, leadership coaching, and BOD all seem like options, but probably require you to be pretty far along in your career or have a super niche skill. + +&#x200B; + +I'm middle eng management at a pre-IPO unicorn. I have specialized product knowledge in a somewhat niche area, but on the technical side, it's mostly just your typical full stack SaaS development. Trying to figure out what part time job opportunities may be available post-exit. +Edit#6 if you can read this before commenting. This has fucking nothing to do with Jordan beyond proving his bullshit move on from gme dead wrong + +Before I cover this topic I need to first mention two things number one not financial advice two one of the major plot points I use has been slightly covered but I plan to dive into different correlations between this plot point and how it actually ties to the market. + +Number 1 if you are a amc holder you are in for a shitty ride. I love you amc apes and hope that your rockets take off but this is going to possibly fuck with your bias and make gme haunt you. Gme is quite literally the neo of the stock market currently. + +Number 2 if you hold any other meme stock I am going to be fucking with your confirmation bias with some evidence as to why gme is quite literally the only holy mother grail of all omfg I can’t believe how stupid rich I am about to be. + + + Now before other meme stock holders attack me I want you to truly question yourself. If technicals don’t line up for you do not attack the person presenting the technicals. I want all apes on the best possible rocket for their tendies. If the Dd presented here makes you lose conviction then you put your money in a I’ll thought out spot to begin with. 😈 there is nothing wrong with daddy I can promise you that he forgives and forgets. + + + To my true fucking apes my diamond handies my I took a ninety percent lick and stayed my god first I want to say congrats and second jesus your fucking tears of paper losses are about to be fucking swept away from wind air inertia when this lift off happens. + + + First small coverage here. Total ownership of finra report. 22 percent funds 192 percent institutions and of course we can’t forget our insider ownership at 24 percent. + We add these stupid fucking numbers together and what do we get 238% ownership of outstanding shares. Now Bloomberg says institutions only own 140% so I will split the bill with them and take 26% off total. Leaves gme with 212% ownership now that isn’t a fucking meme that isn’t a joke that isn’t a fools errand that is pure government and legally binded reported data. + + Now some perspective that is of outstanding float. So minimum we are looking at a current reported issue of 149 million shares where only 69 mil exists. + +SURPRISE BITCH only 54 mil can trade. +SURPRISE BITCH also etfs can’t actually release shares again now since rebalance to settle gme the stock problem so take another 16 million off of that + +So there are 38 million shares that are supposed to trade on the open market for gme. 149 reported owned. Take out the non tradeable locked shares in etfs and insiders from that (33) meaning 116 million shares. + +So in short just in institutions you have 116 million shares that have to be turned into 38 million (sooner or later you fucking cuck sucking hedgies sooner or later) + +That is a realized working short interest problem of around 300% + +SURPRISE YOU DUMB FUCKING BITCH AGAIN +We haven’t even talked about the fucking elephant in the room the real whale the fucking stock picking confident DuMb MoNeY mother fuckers that just so happen to love the stock and refuse to sell before alpha Centauri,RETAIL. You guessed it retail. The tendie eating crayon snorting fucking degenerates that hold a fucking stupid amount of shares. + +Now as we all know and I should not have to fill you in we don’t actually know how many shares we own. What do we know 10 million wsb idiots. 240 thousand gme god tier Dd pumping kings and 160 severely loyal to the stock diamond never paper handed a single share superstonkers. + +Now I will be so unbelievably generous in my guess here that of the ten million people everyone owns a stupid small amount of just five shares. (Kids with summer jobs own more but I will let the hedgies quite literally blow there own head off with a small time guess) (I and many of the people in my personal circle own thousands of shares a piece I don’t say this to brag I don’t say this to boast I say this to be transparent that I do in fact hold a position in gme so you can take everything I say as my own self fulfilling confirmation bias) + +Now so we can all agree (or maybe you think the total is less maybe you believe it to be more you see I split the middle here so as not to get to hung up on the discrepancies) either Way throw retail into the mix. You just added a new realized total to the problem of a additional 120% + +What a fucking coinencedensce. We now have a realized short interest that is 420% percent. + +Crazy Charlesswab is margin requiring 300 percent isn’t it🧐🧐. + +Now the beautiful icing on top is you guessed it the options market. There is an addition in the money problem of another 50 million shares on calls (it only gets worse once this goes up. This is a unrealized problem because no one truly knows how many will be executed options writers may get off with just writing disgusting checks to some people and not have to really go through the headache of buying all of them. + +(That would add an additional 120% up to a additional 300% if we get to 800$c) + +Let’s take the option writers off the table for write now because we don’t even need them so for everyone so fucking worried about calls and puts and that effecting the moass congrats they don’t EVEN FUCKING MATTER. They are irrelevant they quite literally only talk about options in hopes you waste more money there then on real shares. They are just the icing on this fucking jacked to the tits cake. + +Now as everyone continues to breed that doubt about wait what if hedges sell massive blocks first then squeeze never happens I bring to you one major fucking point!!!! A simple they quite literally can’t. But still value man your crazy what you talking about. + +Allow me to explain. While their shares are on this infinity loop of being lent out they quite literally can’t sell a fucking thing. Why? Cause they no longer have it they would have to recall it to get it. + +Edit: cause a bunch of cunts are in the comments saying they can sell to confuse you my powerful thorough bred fucktards all me to fill you in yes they can sell without having their share delivered to them. This sell creates a new synthetic long that is bought in lieu of you guessed it a fucking synthetic short. The people arguing this are arguing a zero sum game the position literally stay the same or even worse if the recalled share isn’t actually returned. So it’s either equal or worse + + +In simple terms no matter what the person that buys the shares and doesn’t lend them out has current ownership of the shares. (If your using a cash account my god I can’t stress to you true autist enough that if this is your first time in the stock market do not use margin. For this particular event don’t use margin or your shares may be lent out) + +So in short guess who has no fucking clue how to lend their shares and only knows how to buy. Youuuuu guessed it retail. Guess who can’t sell till you sell so their shares can be returned? Youuuu guessed it retail. Retail is the fucking whale you idiots. Retail may not move the market cause we don’t manipulate the market we don’t buy at the same time and shit or sell at the same time and shit like the cheating creature life sucking Wall Street about to be homeless feel what real works like cucks do. + +So you are the last domino of the shares jumping they hit retail cash accounts and they freeze. Nobody behind you can sell until you sell so the shares can start being bought and sold to close out positions. + +LET ME BE CLEAR rETAIL IS IN 100% CONTROL OF A 420% SHORT PROBLEM. Retail is the literal start of the selling until then there is 119 million share buying pressure behind your small guess of 50 million owned shares. The other parties are trying to hide the buying pressure from you by lattering the price down so you dumb fucking retail hands can get out the way as they massacre eachother. Don’t worry I have some proof that they haven’t even began to cover.and that they literally can’t until you sell I’m not just selling you shit and calling it a pie you fucking degenerates are about to be ignorantly rich. + +This is why the squeeze is taking so long to play out. They literally lost to retail on a bankrupting market shaking level. + +Your words don’t mean anything still value your sounding more like shill value you might say. + +No worries my young fucking apes I am here to nurture you with sweet sweet confirmation bias of the gods. Again if you are another meme stock holder and don’t want your confirmation bias fucking destroyed I invite you to leave. 😈 or stay and see why gme is so fucking different it doesn’t make sense. Now if the government reported ownership and the options chains and the fidelity buy verse sell graph every single day being 3:1 or more now coupled with the fact that gme is the most held stock in every single European country besides two doesn’t speak to your confirmation bias alongside the fact that no other hedge funds can sell their shares till they have their shares(hence why they are trading back in forth only in the dark pools and not on the open market, cause they can’t risk retail grabbing that last 1 million shares they are using on high speed ping pong illegally) meaning you have to sell for them to be able to sell. Here is the last piece of your puzzle. + + + +Spoken a long time ago were the words obv + +On balance volume + +Now I have been sitting here quietly watching and commenting and shitposting for a few months now having watched my graphs and having seen the discrepancy of ownership and short interest but guess what people can argue those points. People can say the 172 to 372 price hike still on td ameritrade end of March graph was a bug the random 600 million share volume at certain prices were a bug. They can say that well other stocks are over 100% ownership. Other stocks are heavily shorted. The bonds market this the market crash that. + +But guess what apes (I wasn’t probably the first one to find this but I sure as fuck am going to be driving this home today tomorrow and everyday after) there is not one single other stock that has behaved as gme has on the obv scale. Now I tell you this with literally 100 plus market relevant stocks from all the meme stocks to all major commodities to tech stocks to small market cap stocks to even the sundial and palantr stocks even good old silver. But for the photos I will cover here I only want to cover a few extremely relevant stocks (I feel) and a market standard or two if you truly question that there is a stock out there similar to gme on this level please feel free to check obv on the 15000 tickers I give you my blessing. I spent days looking for one my self and couldn’t find one hence this post you find one call me out I will Venmo you a cookie.(it doesn’t exist you get no cookie) + +For a few more of my smooth brains out there asking what exactly is implied by the obv when they see it in the photo. The obv measure past action as in its real not a forecast or a guess or a average it is past data. You can fucking mine it it is concrete. What it does is cover the volume compared to price increases and decreases. What the obv is clearly saying in gme case is we are tethered to a price higher then our already ATM and that when the wave of buying pressure comes in they will constantly be pushing the obv higher and tethering us to hirer prices. Tendie town is now literally a self fulfilling prophecy. + +EDIT sorry it posted the tickers twice. + +EDIT# 2 I was going to post all meme stocks but they literally all follow obv you can look them up if you don’t believe me. + +Edit #3 make sure to scroll through the three double posted tickers to get to the GameStop website ticker for the last cherry of confirmation bias + +[Gme compared to other stocks obv. plus a little bonus](https://imgur.com/gallery/nPI4Co6 + + + +Edit#4 forgot parsar shows instant reverse to 206. Also extremely over sold on 90 day chart for rsi and stochastic + + +Edit#7 to people saying I am shilling this that the other because I am not for amc anymore. Let me be clear I think amc will squeeze as well. But ta for amc and the short positions for amc and the fact that Wanda is openly unwinding and that amc wants to issue 500mil shares and amc is serious fucking debt tied to a covid play and can be shut down at any moment is why I don’t believe it will do anything like gme. I had said if you didn’t want your confirmation bias fucked with leave. I didn’t even want to post this but yal spam protecting amc. And the icing on the cake is gme and amc have decoupled eachother on the obv showing to me on a past tense measure beyond gme turning around cash heavy big management change management that cares a solid non covid new infrastructure play amc just isn’t like gme. Gme with go to untold fucking places and amc IN MY FUCKINg OPINION BASED ON THE AFFOREMENTiONED IS THAT. Also Jordan was pumping amc then went on treys crush amc down then crush gme just feels like amc is a distraction they have ammo in and the obv shows they have no ammo in gme + + +[Gme compared to other stocks obv. plus a little bonus](https://imgur.com/gallery/nPI4Co6) + +Last fucking edit if any one is trying to argue in the comments about this only being a 300% short problem instead of a 420% short problem that number one shows you they are shill number two trying to spread doubt when both positions are equally fucked + + +Been getting slack adding a few links here is finra for finra ownership go to shareholders tab +https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.59.0 +MobilityOne Limited is the holding company of a group of companies based in Malaysia, which is in the business of providing e-commerce infrastructure payment solutions and platforms through their technology solutions, which are marketed under the brands MoCS and ABOSSE. The Company has developed an end-to-end, e-commerce solutions, which connect various service providers across several industries, such as banking, telecommunication and transportation through multiple distribution devices, such as electronic data capture (EDC) terminals, short messaging services (SMS), automated teller machine (ATM) and Internet banking. The Company’s technology platform has been designed to facilitate cash, debit card and credit card transactions (according to the device) from multiple devices while controlling and monitoring the distribution of different products and services. + + +Figures summary: + +Mkt cap : £11 m + +Shares in issue: 106 million + +SP: 10.00p + +Revenue (£169 million) that was 2019. Revenue increased in 2020. + +£4.5 million cash in the bank as of H1 2020 + +Current PE: 16.23 + + +Somehow this company remains under the radar and the SP seems to be stagnated. + + +Insiders own 70% of the shares ( 3 individuals). + + +Any LTH here and what do you think? + + +Disclosure: I opened up a small position in them . I think there is value to be add. + +DYOR. +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! +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! + +&#x200B; + +https://preview.redd.it/fffnqhqc45o71.jpg?width=1200&format=pjpg&auto=webp&s=57c667d191630cef80b963736ce831f1bb3e3d12 + + + +On December 4, 1921, The New York Tribune published a story detailing a plan by inventor Henry Ford, founder of the Ford Motor Company, to replace the existing gold-backed currency system into one based on an “energy currency.” + +Ford goes on to say “Under the energy currency system the standard would be a certain amount of energy exerted for one hour that would be equal to USD 1. It’s simply a case of thinking and calculating in terms different from those laid down to us by the international banking group to which we have grown so accustomed that we think there is no other desirable standard.” + +“The essential evil of gold in its relation to war is the fact that it can be controlled. Break the control and you stop war.” + +What a fucking visionary. Its as if Ford was reincarnated as Satoshi to carry on his work with todays tech. Pretty amazing an industry giant of his time was thinking this way. +If you've been in this sub for some time you might have heard me bitching about the house prices outside the capitals, in regional centres. + +While a lot of the conversation has been about how Sydbourne house prices have been exorbitant, I'd like to report my findings from a regional perspective. My sole goal in life is to buy a house and put a corgi in it, as such I've been a little obsessive in researching Newcastle's housing market. + +My main findings are the obscene house price growth in a post-industrial city that's largely been gutted of any job prospects. Here are two case studies from different houses in 2 suburbs. I'm trying to pick similar houses in different suburbs, in this case, 3br, needing work, both posted today on RE dot com. One in a fairly stagnant suburb, one of rapid gentrification. + +#Case study 1, [1 Bellevue Road, Belmont](https://www.realestate.com.au/property-house-nsw-belmont-134364242) + +**Background**: Belmont is a sleepy suburb bordered by Lake Macquarie and the Pacific. It has poor transport links (one bus in and out every hour, no rail), and exists on the southern extremity of Newcastle & Lake Macquarie LGA proper (Lake Mac LGA extends around the whole lake, but this is the last suburb of any significant size). It's a short drive to Charlestown Square, a major shopping centre, but about 30-40 minutes to Newcastle CBD (which is a very long time in regional terms). The suburb is largely families and retirement communities. Belmont has been entirely ignored in terms of infrastructure and development - no major projects have taken place since WWII and the largest influx of housing stock was the 50's & 60's. + +**Property**: The property is a 3 bed, 2 bath brick building, on a generous block of land, overlooking the lake. Judging by the original tilework and architecture, probably built anywhere from ~1915-1940. As you can see in the photos, it needs a good deal of work. New carpet, kitchen, tilework, paint, discounting anything we'd need a property report on to know for sure (wiring, termites, foundations, rising damp etc). + +**Suburb trend** [RE dot com has median house prices in Belmont going from ~400k in 2011 to ~600k in 2019.](https://www.realestate.com.au/neighbourhoods/belmont-2280-nsw) (If anyone has any historical median price data by suburb please pipe up.) An appreciation of ~50% 8 years. + +**Price analysis**: The house was sold for 124k in 1993. Adjusting for inflation, that is 234k in 2019 dollars. Current asking price is 540k-590k. *Before anyone pipes up, I'm aware that asking price and sold price are two different things, but we'll take it at face value, but with a pinch of salt.* + +The [average wage for a bloke in May 1993](https://www.ausstats.abs.gov.au/ausstats/free.nsf/0/69D04111DF6E5D15CA2574FA001456C2/$File/63020_MAY1993.pdf) was $32,864. Adjusting for inflation, that's $62,100. + +Old mate likely bought this house at 3.7x his yearly gross income in 1993. + +In May 2020, the [average yearly wage in Australia is $89,128](https://www.abs.gov.au/ausstats/abs@.nsf/lookup/6302.0Media%20Release0May%202020). If you wanted to buy this house at $565k, assuming you had the average wage, you'd need to spend 6.3x your gross yearly income. + +**Important note, I would like to use medians for all these numbers as it reflects the situation for most Australians, but as far as I can tell, the ABS only recorded historical averages and not medians. If anyone can find medians for historical wage data please let me know and I will update this post accordingly. As it stands, I have to use averages to compare apples to apples, though I strongly suspect that the averages aren't representative of regional economies given their limited employment opportunities. Please keep this in mind.** + +**If we use median wage (2017 numbers) and not average for present day only for this house, that is ~8.6x gross annual earnings.** + +**Summary** In a suburb that has had no infrastructure investments since before your Boomer parents were even born - in a isolated suburb - with the complete collapse of the BHP Steelworks that sustained the city's whole economy and nothing to replace it since, the price-to-income ratio has almost doubled. + +#Case study 2, [10 Myola St, Mayfield](https://www.realestate.com.au/property-house-nsw-mayfield-134364426) + +**Background** Mayfield was once a garden suburb just before the 20thC, Arnott of the biscuit factory built his huge mansion in Mayfield, away from the smoke and noise of 19thC Newcastle. It was popular for wealthy men to build an estate in - prior to the BHP Steelworks setting up shop in 1911 on the bank of the Hunter River just a stone's throw from the centre of the suburb. It became a working class suburb, famously dirty and noisy. Since the closure of the BHP and general economic collapse of Newcastle in 1991, Mayfield had been struggling along, before rapid gentrification that started in the early 2010's It has decent transport links, and only 15 minutes from the CBD. The population of the suburb is a mix of immigrant communities (both old and new - Italian and Vietnamese communities have a strong background there, and more recently it's been Turkish, Lebanese and Arab communities putting down roots), older Anglo-Australians and some young families. + +**Property** The house is a classic brick, 3br, 1 bath steelworker's cottage, also built in the early half in the 20thC on a generous block of land. Like the Belmont example, it needs work in paint, flooring, bathroom and whatever else we can't know without a property report. Similar buildings, similar age, similar work needed. + +**Suburb trend** [RE dot com has it at 333k in 2011, and 560k in 2019,](https://www.realestate.com.au/neighbourhoods/mayfield-2304-nsw) a ~70% appreciation in 8 years. + +**Price analysis**: The house sold in 109k (193,055 in 2019 dollars) in 1995, and is currently on offer for 530-550k. + +[Average gross salary for a bloke in May 1995 was $35,724](https://www.ausstats.abs.gov.au/ausstats/free.nsf/0/9620365466254112CA2572250007374A/$File/63020_MAY1995.pdf), buying this house would be ~3x his gross income. + +If you were to buy it today for 540,000 on average income, it would cost you ~6x your gross income. If we take our median income instead (with a grain of salt mentioned above), it would be ~8.3x your gross income. + +**Summary**: In a gentrifying suburb, prices have doubled or tripled from their base point. Keep in mind both of these need a substantial amount of work, so both of these figures are quite conservative in terms of what it'd *really* cost you. + +#TL;DR + +Capital city prices have been obscene. But "move to the regions" on a regional salary isn't a silver bullet. There has been an insane appreciation in price just in the suburb trends for an 8 year span, let alone from the 90's when these properties were listed. I've had to reply to a good deal of people in this sub admonishing me for wanting to "live in a Toorak mansion for 100k", when I all I want is a shitbox in a shitbox town for something that's not 8x my (almost bang on median) salary. So here I am showing my working that even in the regions, things are pretty shit too. I don't know how you lads in the capitals do it. + +Please submit corrections - I'm not great with numbers, but I feel like the general sketch is correct and what we've been hearing. The income to house price ratio is horrifically skewed. I'll probably be away from this post for a few hours, but I'll come back and make the needed edits. + +Cheers. +A confused and exasperated Taco Bell manager was just wondering why they only have 2 people working. They have “now hiring” signs plastered everywhere *proudly* proclaiming $10 an hour. + +Every other place in the area is starting around $15. +We must be over the target because the flak is now very heavy. Hedge funds have now called on congress and regulators citing 'fraud' and 'dangerous speculation' to change trading rules. The same rules hedge funds have used to punish investors and companies for decades. +Little hypocrites need punished!! + +If hedge funds are unhappy they have themselves to blame. + +We ride on!! Crush them!! +[Source 1](https://finance.yahoo.com/news/intel-intc-q2-earnings-revenues-212509924.html), [Source 2](https://d1io3yog0oux5.cloudfront.net/_c871574f7a6bcf254c9a016f657cf6a7/intel/db/887/8856/earnings_release/Q2+22_EarningsRelease+%281%29.pdf) + +* EPS: $.29 vs vs $.70 expected +* Revenue: $15.3 billion vs. $18 billion expected + +Market | Q2 2022 | Year over Year +:--|:--:|--: +Client Computing Group | $7.7 Billion | down 25% +Datacenter and AI Group | $4.6 Billion | down 16% +Network and Edge Group | $2.3 Billion | up 11% +Accelerated Computing Systems and Graphics Group | $186 Million | up 5% +Mobileye | $460 Million | up 41% +Intel Foundry Service | $122 Million | down 54% + + + +Details: + +* Intel’s Client Computing and Datacenter and AI Groups were impacted by continued adverse market conditions; Network and Edge Group and Mobileye achieved record quarterly revenue. +* Full-year revenue guidance was from from $68 billion to $65 billion; reiterating full-year adjusted free cash flow guidance. +* Intel made significant progress during the quarter on the ramp of Intel 7 which is now shipping in aggregate over 35 million units. The company expects that Intel 4 will be ready for volume production in the second half of 2022 and is at or ahead of schedule for Intel 3, 20A and 18A. +* IFS recently announced a strategic partnership with MediaTek to manufacture chips for smart edge devices using Intel process technologies. During the quarter, Intel also launched the IFS Cloud Alliance, the next phase of its accelerator ecosystem program that will enable secure design environments in the cloud. +* In the second quarter, CCG launched the 12th generation Intel® Core™ HX processors, the final products in Intel’s Alder Lake family, which is now powering more than 525 designs. +* In DCAI, Intel expanded its supply agreement with Meta, leveraging its IDM advantage so that Meta can meet its expanding compute needs. In the quarter, Intel agreed to expand its partnership with AWS to include the co-development of multi-generational data center solutions optimized for AWS infrastructure, and Intel as a strategic customer for internal workloads, including EDA. Intel expects these custom Intel® Xeon® solutions will bring greater levels of differentiation and a durable TCO advantage to AWS and its customers, including Intel. In addition, NVIDIA announced its selection of Sapphire Rapids for use in its new DGX-H100, which will couple Sapphire Rapids with NVIDIA's Hopper GPUs to deliver unprecedented AI performance. +* NEX achieved record revenue and began shipping Mount Evans, a 200G ASIC IPU, which was codeveloped and is beginning to ramp with a large hyperscaler. In addition, the Intel® Xeon® D processor is ramping with leading companies across industries. +* AXG shipped Intel’s first Intel® Blockscale ASIC, and the Intel® Arc A-series GPUs for laptops began shipping with OEMs, including Samsung, Lenovo, Acer, HP and Asus. +* Mobileye achieved record revenue in the quarter with first half 2022 design wins generating 37 million units of projected future business. +As you can see, I have marked this as a verified post, since I think that the issue I am having is a direct result of having a large amount of money. Net worth is around $25m-30m, and annual income from investments seems to be around $1m annually (with asset appreciation an additional 5-10%). Growth happened relatively rapidly, and my annual spending seems to hover around $350k pre-tax. + +Issue is that I have no idea what things cost any more. Numbers are just out of whack. I spent $2300 for a first class ticket cross country with no issues, but then today found myself asking if it was worth spending another $600 to go a day early. $600 seemed like a lot of money for a day extra on my trip - said my old self. But then again, I wouldn't notice it at the end of the year, really. But this mental shift seems kind of difficult for some reason. + +The world isn't set up for large numbers and income like I have and I can't seem to adjust my thinking to them. Any suggestion on how you might have approached this issue yourself? +Hello everyone, + +I am still in my beginning stage of investing and wealth creation. I have been investing for the past 3 years (relatively blind). Which I’ve learned is not a successful path. + +I would enjoy hearing how everyone values companies and what they focus on to better their analysis. What criteria must be met for them to actually purchase shares of said company. What are the most important key ratios P/E, P/B, FCF and all in-between. + +Thank you all for making that’s a insightful sub! +I seriously don’t know if i can keep going anymore.. got 25$ in my bank account, a few days before i have to start covering my bills. I work as a driver and Last 3 days i worked (sat-mon morning) i made less than $70 before my expenses. Didn’t eat since the day before yesterday from worrying and to keep whatever money i have for gas so i can try to make some more later.. this is SO stressful. +Right before the pandemic hit i was so close to eliminating debt but now im deeper in it than i was before :( + +Edit: Guys, i’m really speechless to all of you who offered help and options to my situation, i posted this and went to sleep crying to what my life has reached and woke up to all the love, upvotes and kind people offering to buy me food. I’m very thankful for all of you and as an asylee in the U.S who barely has any friends and no family, i have my faith in humanity restored through all of you. Thanks a lot again and I hope none of you get into this position ever +i just inherited 700k as i am about to finish high school and i now have the full summer to learn about how to invest before college starts. any recommendations? all help will be appreciated. +Summary: From a place of desperation my wife and I started to make slow changes to how we handled our food and drink intake. Over years small things have made a massive difference to our finances and we are now reaping the benefits. + +5 years ago now, we were spending in excess of £125 a week on our food shop, over £60 a week on take-aways. Not to mention the quick grab lunches at £5 a pop. Being from the west of Scotland, booze was a ritual: weekly nights out easily reaching £200; pre-drinks at home: £40. We were literally eating and drinking our money away. + +And our credit card bills seemed to be ever expanding just like our waistbands. + +Having not been taught about budgeting or about cooking, my wife and I would gorge; eyes often bigger than our bellies. Working stressful jobs and mixing it with an extended student lifestyle, convenience became our main gal and we paid for it in every sense. Surrounding ourselves with people of similar lifestyles, this was just 'the norm' and it never entered our minds to change it. To us, this was the money struggle everyone spoke about; we were renting, and even though earning okay wages we were completely unable to save. + +For the longest time, we threw money at every deal at the supermarket thinking we were saving, bought all the fresh food thinking we were being healthy, threw money at big named brands thinking we were paying for quality. We would come home with too much for 2 people to physically consume and at the end of the week large portions of our fridge contents were always thrown away - mainly, the fresh food. + +Then something came into my orbit and I got really into the show on BBC, 'Eat Well For Less.' I knew the show had a lot to teach me but the main thing at that time was cooking. So I started to make easy things quite successfully and tried a few supermarket branded items after seeing families enjoy it. This was the start of something. + +We tried different supermarkets from our usual Tesco, to test prices and test some supermarket branded food. We tried online shopping for a bit to control the urge to buy on impulse (recognising we both suffered with this ailment.) We did this regularly to try to help with diet too and it started working. + +We started meal planning and making lunches for work which saved on stress and money. At this stage £100 was a regular shop with the £60 take-aways and £240 booze bill still very much on the cards. + +For about a year we played with this and made small progress with money. We still had zero savings, credit cards were still being used and we were still living month to month but we started to feel like we were onto something. It was around this time that I unconsciously went vegetarian taking an out-and-out dislike to all meat and fish. + +This changed everything and we had to think outside the box in terms of all meals. Don't get me wrong, we struggled a bit and slipped back to buying too much with my wife still eating meat. It was a struggle at mealtimes to make and eat something together. My wife, the angel that she is, finally had had enough and threw in the towel: she'd decided to go vegetarian too. + +So we stopped having to buy meat and fish saving us £££s. Then eggs went, then cheese and before we knew it we were both vegan. + +We relied on convenience food, yes, but we were cooking more and more. Take-aways at that time offered very little vegan options so our food bills reduced. We were now on £70 a week with £10 for chips now and again plus the booze-fest weekly schedule costing £240+. Credit cards started being paid. + +A year later we decided we wanted to save a deposit for a house. This co-incided with living too close to family members who are functioning alcoholics. + +We talked a lot about drinking and were very honest with each other. Turns out we are happy all of the time - apart from when we drink. So, we went on a sober journey but hid it from everyone. Our friends and family could only deal with so many 'other' things at the time. We didn't want to be ousted. + +At the time you could only get a few non-alcoholic drinks, so we relied on tricks - drinking a coke with a slice of lime to make it look boozy while we were out, covering labels of beers in photos, making excuses about shots. We started secretly driving to pubs and clubs and not telling friends, so we saved on taxis. We could now go on a night out and spend as little as £20 between us. No munchies needed afterwards either. + +This was a game changer! + +We started to save and credit cards were finally gone. This took about a year and we eventually saved for a house. + +Taking a hard look at finances, we went further and started to budget to keep us in line with the progress we'd made. £200 a month seemed reasonable for food. + +We started making lists before going to the shops, checking cupboards and only buying what we knew we needed and would use that week. We still gave ourselves treats like crisps or chocolate now and again but our taste buds changed and we didn't need that hit as regularly. + +Now, after this loooong journey, we've converted to Aldi and moved even further away from any and all big name brands. We don't buy much convenience food at all now and have kept up with our low take-away spend. We spend about £30 on average a week and have a healthier diet because of it. + +We've unintentionally shed stones in this process. + +We've now started using apps like Shopmium and Green Jinn to get free things or discounts on stuff we were going to buy anyway. + +It's like we're different people now and looking back over the years it's strange to think of the things we did and the actions we didn't question at the time. There is no way we could have implemented all these changes at once, we would have failed miserably and probably still be stuck in that rut. Tiny changes really add up. + +Thanks for reading this v long post. I hope this is useful in some way for even just one person out there. + +TLDR: we were skint; watched Eat Well For Less; started cooking; stopped buying named brands; went vegan; stopped drinking; started budgeting and meal planning; now shop at Aldi; use coupons and discount codes; money gains. +https://www.cnbc.com/2020/09/02/teslas-largest-outside-shareholder-reduces-holding-citing-portfolio-restrictions.html + +Baillie Gifford, Tesla's largest outside shareholder, has reduced its position in the electric auto maker after the company's rapid share appreciation made it an outsized influence on the firm's holdings. + +A filing with the Securities and Exchange Commission on Wednesday showed that the U.K.-based fund group now owns less than 5% of Tesla, down from 6.32%, according to data from FactSet. + +"We intend to remain significant shareholders for many years ahead. We remain very optimistic about the future of the company," Baillie Gifford's James Anderson said. + +Shares of Tesla were down 7% during early trading on Wednesday. +Hey everyone! My name is Erik, I’ve been investing since high school. I have done well - largely due to mentors helping me along my journey. While I was in then Marines I used to teach my friends to help them out. With COVID I decided to try and help more folks and started a YouTube channel so I can share more complex explanations and so we can learn from one another. It’s completely free, I don’t sell anything whatsoever and have no affiliates. I started the channel specifically to give back to the community and pay it forward as my mentors did for me. + +If anyone wants to talk about anything, whether it’s strategy, trade generation, portfolio management, derivatives, etc I’m happy to discuss all. If I can do a video on anything to help explain a topic, just let me know. It’s all user led content. + +Looking forward to chatting! +I've heard this saying before, but I wonder if it's true. + +My wife and I have a combined NW of about 3M, including our home. We have two kids. We have $430K of mortgage debt. We both just turned 40. I feel like I can reach 10M in the next 10 years, but what about bigger or faster? + +I don't work in tech. I built my own consulting practice and generate between 500-750K a year in revenue, depending on how hard I work (I have an amazing work/life balance). I pay a salary of 150K and try to save about 150K a year. + +Besides growing my own business, looking for ways/ideas to leverage or grow faster. + +This year, I built a completely decked-out commercial property/office with a bar, golf simulator etc. (picked up around 260K in commercial debt on this). I needed this as I've worked out of my basement for years. We have rental units in here, so the place will almost pay for itself (meaning the mortgage). + +There are reasons in the comments as to why we built this place and the reasons for it. + +What else can I be considered for smart growth? + +1. More real estate? Commercial development interests me; residential real estate does not. +2. Acquiring additional businesses? +3. Building new businesses? +4. Focusing on growing my existing business? + +All of my investments are with a wealth advisor. Mostly everything is in relatively conservative index funds. I took myself out of the equation of trying to play the stock market. This wasn't my forte. + +Other thoughts? +Hello beautiful apeys!!!! + +I was brainstorming with some wrinkled apes in a chat and we came to an astounding conclusion. + +u/dilkmud0002 just posted [this](https://www.reddit.com/r/Superstonk/comments/tsand2/what_the_hell_happened_yesterday/) *(Mods deleted it in the middle of me writing this)* + +*edit:* [*he reposted it*](https://www.reddit.com/r/Superstonk/comments/tsdbut/what_happened_yesterday/) + +TL;DR on that is that every DRS'd share shifts liability to the broker for x amount of synthetic shares *(However many actual synthetics there are. For all we know there could be 20 or 50 synthetics for every 1 real share.)* + +By shifting liability to the broker, that forced the system to look for shares. Liquidity was so dry yesterday that the only shares available for purchase were the limit orders at CS for over $200K. + +That got me thinking.. + +Why? + +It didn't make any sense to me considering they have an unlimited synthetic printing machine. How in the world did the liquidity ever get that dry to begin with? + +Then it clicked. + +Why the fuck are they routing 90% of orders through dark pools? + +Because they control the rules in the dark pool. They can create as many fake shares as they want there. + +According to [Investopedia](https://www.investopedia.com/terms/d/dark-pool.asp) + +>Dark pools are **a type of** **alternative trading system** **(ATS) that gives certain investors the opportunity to place large orders and make trades without publicly revealing their intentions during the search for a buyer or seller**. + +Retail buying pressure through brokers have 0 effect on price. Because retail orders are being routed through the dark pool synthetic process. + +Exercising options have 0 effect on price because they're internalizing the order and giving you a synthetic. + +But CS buys are different. + +Every time you buy a share on ComputerShare, you're sending the order officially to the real live legit lit market. And that's when supply and demand comes in and affects the price. + +CS buys come in batches. + +Retail broker buys don't count, they all go to the dark pool. + +There's plenty of liquidity in the dark pool since they make their own rules. + +That's why you can buy a share on WeBull or Robinhood or Fidelity or w/e... + +They didn't halt trading for brokers, for retail's sake... They didn't run out of liquidity for retail brokerage orders, because they all are routed to dark pools. + +They halted the TICKER because on the lit exchange there was 0 liquidity at the $200 range. No one was selling. + +If the CS buys went through they would have bought FRACTIONAL SHARES at $220k. + +Because CS buys based on dollar amount rather than how many shares you want.. + +People would have seen 0.000001 fractional shares in their accounts and it would have been on record that GME was purchased for $220k. They couldn't have that. + +This sparked another thought.. + +**Brace yourselves for this because it could be the one bit of logic that triggers another wave of DRS FOMO..** + +If every DRS share shifts x amount of liability to the broker.. When the float gets 100% DRS'd, that means brokers are going to be on the hook for those shares when you try to sell 1 share for hundreds of millions of dollars. + +Because each synthetic they have is linked to a real share. Which they don't have. Because they're all on CS. + +Yes, SHF have to buy back billions of shares. They have a contract to buy them. But you can't close a position with a synthetic IOU. Only a real share. If every share was DRS'd, they wouldn't be able to buy the shares from brokers. They'd have to buy them from CS. + +As evidenced by the only shares being available yesterday being the ones with limit orders from CS. + +Think about it... Yesterday we saw a peek behind the curtain. + +People want actual legit proof that DRS does something? Look at yesterday. Period. + +We saw what happens when real liquidity dries up on the lit exchange and synthetic share liability get's transferred to the broker due to DRS. They had to STOP the whole ticker and create new synthetics. Not for retail but for the brokers.. + +So long as there are actual shares NOT DRS'd, they can create unlimited synthetics based on those real shares. But the second ALL shares are DRS'd, they can't create any synthetics based on them. + +That's when liquidity actually dries up and new CS buys will come from CS limit orders and you'll only be getting 0.0000001 fractionals. And the price on the ticker will be astronomical because fractional shares got bought starting at over $200k. + +And that's when brokers turn off the buy AND sell button because they can't compete with those prices because they don't own real shares. Brokers are just doing CFD *(which is why they try so hard to convince you not to DRS when you talk to them on the phone)* and this will expose it all. + +Brokers may either go bankrupt and broker apes would have to deal with SIPC to get their tendies, OR they pull an LME situation and roll back trades. They're going to pull some fuckery, we saw the beginning of it yesterday. Who knows what fuckery they actually have planned. + +This is just my dumbass opinion, but the only way to guarantee your tendies is to DRS at this point. + +Because remember, they can't close with synthetics. Logically the only apes getting the phone number payout are the DRS'd apes. + +Just based on what we saw yesterday. When MOASS kicks off, it's looking directly at CS limit orders. + +Nothing else satisfies the beast. + +TL;DR: DRS your shit. Not financial advice. + +&#x200B; + +Edit 2: Lightbulb moment.. + +Reason the 420.69 orders didn't go through were because those are synthetics. The orders needing to be filled were CS orders. + +CS orders must not accept synthetic shares. + +CS was looking for real shares with a serial number. It was going to buy the $200k+ and deliver fractionals. + +They didn't flood the market with synthetics during the halt. They had to locate real shares. + +Enter BlackRock. + +I think BlackRock had to sell real shares to fill the CS orders so that the price didn't skyrocket. + +That's why the borrow fee went down, and that's why there were so many new shares to short/borrow. +I started a cash out refinance last week and my rate started at at 5.25% with a 30 year amortization. Then 5 days later it was moved to 5.75% and then 6% Friday. I contacted the lender and asked if they would honor the original rate quote and they said no, in fact they said it would likely go up again before we were done. This is with 740+ credit score and very low debt to income. + +So, I pulled the plug on the deal. What kind of rates is everyone seeing on cash outs right now? +I feel like I'm spending more mental bandwidth than necessary planning my RE, essentially living in the future. Spouse and I still take vacations and enjoy the moment, but I find myself "spinning my wheels" planning or calculating when we can quit working. + +Will give a brief summary of where I"m at in the FIRE journey in case it's relevant. 35 years old, spouse (31) and I have been good saving in the past but didn't get serious about FIRE as early as I wished. 140kish household annual salary (bonus can drive it higher), about 65% savings rate vs take home, 200k NW with about 140k liquid primarily in tax shelters. Happy to provide details if requested but don't think its pertinent here. + +Most of our plan is set on autopilot as our investment contributions are automatic via employer or auto-deposit. We are projecting a retirement in 10 to 13 years dependent on market returns and what will be a decision of "how much do I dislike working vs how much luxury spending do I want" that won't be made until closer to the retirement date. We are mostly on autopilot, aiming for a retirement nest egg of $1.8m-$2.25m that we should hit when I'm 45 to 50 if I don't see significant promotions. Jobs aren't extremely stressful compared to what we have worked, and we intentionally plan time away from work relatively well (4 to 5 weeks vacation for each of us annually which is pretty good in the US), though we have a 40 minute commute each way that drains some of our time. + +With things mostly in order and just playing to the waiting game, I still find myself spending an inordinate amount of time building out our post-retirement plans (some vacation planning which is helpful) and re-re-re-reviewing our income projections (not helpful). Have you found yourself in the same spot, and how did you get out of this trap? I'm happy to plan for the future but I feel like looking forward 10 years all the time with no further planning needed isn't a healthy mindset... +They have tweeted to their millions of followers. It's not just us anymore everyone is watching. This is historic. Don't sell until high 4 figures and let's make this count + +IF MELVIN BECOMES BANKRUPT THEIR BROKER HAS TO COVER IF THEIR BROKER BECOMES BANKRUPT THEIR BANKS HAVE TO COVER -> SHORTS MUST REPAY IN THE END SHORTS CAN SEE OUR LIMITS. THEY PAY ROBINHOOD FOR EXACTLY THIS TYPE OF DATA!! BUY THE DIP IN THE AM AND SET A LIMIT ORDER FOR 6942.00!!!! + +Here is my DD: + +I like this stock! + +My gf likes this stock! + +Her bf likes this stock! + +we have decided to buy this stock, and hold it, thanks for your attention! + + +Edit: https://twitter.com/jarule/status/1354812123080138759 + +Ja Rule has spoken +* I've been unable to buy more than $100 worth of shares with a cash balance of tens of thousands. +* I've been unable to sell shares I just bought, or submit a stop-sell on them to protect against losses. The same screen that refuses to let me sell even 1 share shows that I own over 1500 shares. +* I've been getting random UISYSIN0033 errors which seems to indicate a general system problem unrelated to my specific requests. +* And finally, sometimes their system is so unresponsive it takes 20 seconds to respond to a mouse click. + +This thing is a nightmare. What's the recommended trading platform for Canadians that won't break the bank? +I rarely post here but comment a fair amount. + +I recommended the short interview below to a sub member and realised it was important enough to make an original post of it. + +Trevor Neil is a fund manager and professional trader with decades of experience who has tutored countless institutional traders. I love him because he’s bullshit-free and not impressed by myths or cynicism. + +Note that he mentions volume only because he’s referring to all forms of retail market investment. + +The tips he gives may seem basic to experienced traders but he expands upon them very clearly, which is probably of great use to newer or demo traders. + +As I said elsewhere, you’ll learn more in a few minutes‘ of this interview than you will from 99% of the fake gurus on YouTube. He makes several incredibly important points in this clip and I’d recommend noting them down. + +Enjoy! + +https://youtu.be/DkitJr-uUbE +I recently read about dragon portfolio on a link posted here in this sub and was intrigued how would an indian dragon portfolio would look like. What commodities , fixed income are better and easy to invest for an indian investor . If you have created the portfolio successfully please share. Thanks. + + I am about to turn 30 and only have $3k in savings. About half of that is in a Roth IRA and the other half is in an investment account through the acorns app. I can currently save $400 a month and hoping to bump that up to $500-600+ per month once I’ve paid off some more debt. + +I’m pretty sure the best thing I can do for now is max out my Roth IRA but are there any other types of retirement savings account I should be looking into if I have extra money to save? Would working with a financial adviser be wise? Any app suggestions for retirement savings? + +Edit: thanks for all the helpful responses, I have lots of reading to do. Just wanted to add that I have a stable job and I’m married. We recently bought a two family home and most of my extra income has gone to renovations/home improvements hence the dried up savings. Thankfully my husband had a sizable emergency fund, 401k and an HSA that his company contributes to. I’m not in a dire situation, just looking to get on the best savings track possible. +I am soon to be 20k deep in repairs on this damn multi family I bought less than a year ago. + +- Soon to be all new roof (was told it was in first third of life) +- New washer dryer +- Partial Bathroom Reno(exploded pipe) +- Sump pump fix +- Some masonry work + +My tenant just texted me about water coming from the ceiling. I am at wits end with the never ending bullshit. I feel like I bought a lemon. +I've noticed there's a big increase in fake real estate listings on Domain recently. + +When I enquire about the property, they tell me it's no longer available then start trying to sell new developments to me. + +I've reported dozens of these properties to Domain but nothing ever happens. Some of the fake properties have been listed for sale for close to a year. + +Surely this sort of thing is a risk to Domain. Why would they allow it to continue? +By transferring to CS or buying through CS, investors remove shares from the pool of shortable shares. This means any short position on the shares removed from the DTCC must be closed. So as investors transfer/remove shares, the price will continue to rise and the stream of ammo SHFs have slowly runs dry. Investors cannot directly register ALL of the float because the “real shares” will not be able to be located without closing EVERY short position (or risk exposing the illegal naked shorting that DEFINITELY isn’t occurring). The number of directly registered shares will approach the float until we reach an inflection point where the price has risen so much by slowly forcing shorts to close one at a time or “Brick by brick” that marge will come a calling. + +TA;DR +More directly registered shares means: +More short positions are forced to close which means: +Price rises AND fewer shares exist to continue to (legally) short which means: +Harder to suppress the price/price rises faster which means: +Rrrrring ring marge + +TL;DR +Investors can continue to apply pressure to SHFs by: +Buying shares through CS +And +Transferring shares to CS +Until +Eventually name your price +I'm just curious, I know everyone talks about cash flow as a large reason for real estate investing, but what if I'm not using this as a form of cash flow but rather a form of equity? + +If my renter covers my mortgage, home insurance, and taxes, and maybe just slightly over to cover potential unforeseen expenses, isn't that enough? My equity in the home will increase by the principal amount each month (which the renter is covering), allowing me to then later sell that home and return my down payment + the gained equity. + +Sure, I'll be responsible for repairs and renovations, but some of that will be accounted for in the home value to recooperate that cost when sold. + +What's the real downfall in this approach, outside of the fact you could potentially take a small hit during the ownership of the home? +**Didn't read the TL;DR:** + +**Some meme stock and Citadel hedge funds linked to Puerto Rican debt, where hedge funds can buy credit default swaps and sometimes bankrupt towns/cities. UBS and other banks sold shady bonds that have different SEC reporting requirements, and because PR is a territory (not a state) it can't declare bankruptcy the same way.** + +&#x200B; + +**TL;DR:** + +* **Banana! Found a GME link! A couple of the hedge funds involved in increasing holdings in risky Puerto Rican debt as safer mutual funds decreased theirs (HFs sometimes through potentially nonpublic info), might include Taconic Capital (had puts on GME), GoldenTree (puts on sticky floor) and Canyon Capital (linked to Citadel to raise money in China alongside Oaktree Capital, who has Evergrande links).** +* **They can also buy credit default swaps on these bonds and sometimes single-handedly bankrupt a town/city.** +* **Tying into welp007's post, big banks piled on Puerto Rico with billions in debt in what was considered a Madoff-level Ponzi scheme between 2006 through 2014 at least, leaving the US territory turbo fucked before it got hit by a Cat 4 hurricane. The bonds sold were considered "less transparent" than what would happen on the mainland, so this is prob why the SEC is fucking ducking FOIA requests.** +* **Maybe UBS and all these fuckers loaded up Puerto Rico with debt because of a "Treasury Put" guarantee (that some government org would pay for it when it went tits up).** +* **The Puerto Rico fraud might be related to Detroit's bankruptcy, and maybe when Detroit went titties' up it had collateral damage and fucked the Puerto Rican municipal bonds and now SEC and everyone is trying to hide the shit under the rug.** +* **The Puerto Rico debt story might also relate into why they aren't being let to be a state, since US territories have different bankruptcy rules (!) Municipal bonds for PR also have heavy investment from colleges in their endowments (Harvard, Yale).** + +&#x200B; + +[Holy fuck, this is me rn, been editing this Speculation\/Op now \\"Possible DD\\" post on\/off for hrs](https://preview.redd.it/ig01xv8xo5h81.png?width=640&format=png&auto=webp&s=976748f2959789c3df0920d30043683b5358c6f1) + +EDIT: Will keep adding edits as I go. Changed flair from "Speculation/Opinion" to "Possible DD since felt had enough info, can provide sources on papers if needed too! + +This post is referencing u/welp007 's recent post here: [https://www.reddit.com/r/Superstonk/comments/spfyud/over\_the\_past\_ten\_months\_the\_securities\_and/](https://www.reddit.com/r/Superstonk/comments/spfyud/over_the_past_ten_months_the_securities_and/) + +&#x200B; + +https://preview.redd.it/t8o7iyy255h81.png?width=920&format=png&auto=webp&s=0da93796d9c3df6127848c867579451bd0968eab + +TL;DR on that post: **Welp got an anonymous DM by someone who wanted to help him get the word out on something** that he felt was being even MORE shut down by the SEC than even fucking Evergrade(!) + +&#x200B; + +**In the post, he mentioned how "American Thinker" 's Joseph Lawler mentioned the SEC has been giving fucking STIFF Heismans nonstop (or per** u/mohicanrobot, the ol' Dustin Martin "don't argues" for you Aussie apes!) **on FOIA requests (Freedom of Information Act) related to the municipal bond default in Puerto Rico, the BIGGEST bond default in America's history EVER.** + +&#x200B; + +[SEC on that stiff Heisman for some fuckery in honor of Super Bowl weekend I see](https://preview.redd.it/7h88xf39t4h81.png?width=778&format=png&auto=webp&s=3f029ecf8fa2143258a1aa6b5718eacef6397280) + +It went all the way the way up to a federal court in California where the SEC said "we don't know what you're talking about" w**hen others found they have fucking 2800 pages of documents on it and nearly 270,000(!) emails referencing it referencing a billion dollar Ponzi scheme on the level of fucking Bernie Madoff.** + +&#x200B; + +**Big banks (Citi, Wells Fargo, BoFa) had their scheme collapse in 2016, potentially bribed senators to kill investigations into it by the DOJ and now the SEC is caught in yet ANOTHER 2 lawsuits saying they fucking aided and abetted this shit.** + +&#x200B; + +[Citi, Wells Fargo, BoFA agree](https://preview.redd.it/s5axw1kng5h81.png?width=749&format=png&auto=webp&s=61ddbd1a0014197135b23b6cf1f06fefec2c68c0) + +I did some digging and found it related to this article perhaps: + +&#x200B; + +https://preview.redd.it/fb0vf1xkt4h81.png?width=795&format=png&auto=webp&s=ca19a5fb16ffcb8e2953fbb5a02be185f755161d + +[https://www.npr.org/2018/05/02/607032585/how-puerto-ricos-debt-created-a-perfect-storm-before-the-storm](https://www.npr.org/2018/05/02/607032585/how-puerto-ricos-debt-created-a-perfect-storm-before-the-storm) + +This NPR article covers the aftermath of Hurricane Maria which devastated Puerto Rico 5 years ago in September 2017 . It discusses how Puerto Rico was fucked by finances as it borrowed billions of dollars by big banks as it teetered on default and they took advantage of that (they could literally only afford 5 building code inspectors for an island of 3.5 million people). + +&#x200B; + +&#x200B; + +After US Congress stopped a 1996 tax break for the island, by 2006 they spun into recession and needed to borrow. They opted for bonds under the promise of tax-free earnings. + +&#x200B; + +>**"Fund managers, they will not admit this now, but when Puerto Rico was selling debt like pancakes, they loved Puerto Rico debt,**" Marxuach said. **"You would put ... these Puerto Rico bonds into your portfolio and since they had slightly higher interest rates and no taxes attached to them, you immediately looked like a genius.** You just bumped up the entire return." "So that's your bonus," he added. "**That's your new Mercedes, your new yacht."** + +&#x200B; + +The badass duo of Pam and Russ Martens also discussed whether everyday Americans have exposure to Puerto Rican debt back in 2017. The low tax prob also explains the appeal: + +https://preview.redd.it/0v5ndne895h81.png?width=990&format=png&auto=webp&s=0eb52d41960b0efbb4ef46bb1d1ba09ec2fa9275 + +&#x200B; + +>**The reality is that a large percentage of Puerto Rico’s debt is held in tax-free municipal bonds and municipal bond mutual funds, owned not by Wall Street banks or tycoons, but by mom and pop investors seeking tax-free income.** (As a result of Congressional legislation, the interest on municipal bonds issued by the Commonwealth of Puerto Rico, its political subdivisions and public corporations, is not subject to Federal, state or local taxes. This has made the individual bonds and mutual funds particularly attractive in places like New York City where residents pay a Federal, state and local income tax.) +> +>In July, Reuters reported that Oppenheimer’s various tax-free mutual funds had the largest mutual fund holdings of Puerto Rico bonds as of April 30, totaling a whopping $7.3 billion face amount....**most of that debt is trading at a large discount to the face amount and the values,** reported as of June 30, 2017 to the SEC, do not reflect the new market lows experienced by the bonds since Hurricane Maria... +> +>In its September SEC filing, OppenheimerFunds notes that it has set up a special web section to provide updates on the situation with its Puerto Rico bond holdings.  +> +>**Tellingly, those web pages have not been updated since the devastation from Hurricane Maria occurred, suggesting Oppenheimer Funds understands it’s now in uncharted waters** + +&#x200B; + +So pre-hurricane big banks flew in from NYC constantly to load them up with debt between 2006 to 2011. But by the time that they realized in 2011 that Puerto Rico had TOO MUCH debt, **instead of stopping THEY FUCKING KEPT SELLING THEM MORE.** + +&#x200B; + +https://preview.redd.it/n0di925gu4h81.png?width=810&format=png&auto=webp&s=e5b7b50c1f382f3a3669e42abb4039abbcca3227 + +Here's a detail of the fuckery: + +>**Many of the bonds were specifically designed to be sold to Puerto Ricans, packaged into special funds that were less transparent than anything regulators would allow on the mainland.** Regulations against things such as banks recommending their own bond deals to investors didn't apply on the island. +> +>According to court records filed in the aftermath of the island's economic calamity, brokers sold thousands of Puerto Ricans these special funds. This left hundreds of millions of dollars of the island's wealth concentrated in increasingly tenuous investments — at the worst possible time. + +&#x200B; + +Here's an SEC comment talking about whether every day mom and pop ape investors like YOU even know this shit is in their portfolio (can someone dig more here pretty plz): [https://www.sec.gov/comments/s7-08-20/s70820-7502069-221916.pdf](https://www.sec.gov/comments/s7-08-20/s70820-7502069-221916.pdf) + +&#x200B; + +&#x200B; + +[From the SEC comment above](https://preview.redd.it/z32z49w1d5h81.png?width=782&format=png&auto=webp&s=bc44b145fe9fefaa57a79bc0fb027ee513b24690) + +&#x200B; + +Ok, now I can see how the SEC may be implicated if the bonds were "less transparent" than what they would allow let's say in New York state. + +**Among the banks fined for this fuckery were--surprise! home to Osama Bin Laden's bank account and biggest dark pool owner in the US!--UBS at $34 million for a loan scheme**. UBS and 4 other banks were also fined. You can see that here: [https://www.sec.gov/news/press-release/2014-246](https://www.sec.gov/news/press-release/2014-246) + +&#x200B; + +[What fun, you have Schwab, IBrokers, UBS, TD, and even Wedbush, home of Michael \\"Gamestop's NFT Marketplace is al-Qaeda's fav\\" Pachter](https://preview.redd.it/fhsqsd38w4h81.png?width=898&format=png&auto=webp&s=29981f9ebab7c54e6d3289bce1f5750541f8e6f5) + +&#x200B; + +And fucking despite this, in 2014, THEY DOUBLED DOWN AGAIN. + +>In 2014, Puerto Rico and a group of banks teamed up for another bond deal. At $3.5 billion, it was the largest municipal junk bond offering in U.S. history....**But some bankers and brokers, several of whom worked on the deal, described the 2014 bond as more than just a bond deal. They said it was also an exit strategy for the banks.** + +&#x200B; + +Almost 1/4th or $900 million didn't even go to Puerto Rico. Instead you had earnings from these chucklefucks: "Barclays, which led the bond deal, received almost $500 million; Banco Santander received $99 million; JPMorgan, $74 million; Morgan Stanley, $24 million; among others." + +&#x200B; + +And how does this fucking story end? The bonds crashed, Puerto Rican investors lost savings, pensions, retirements. Hospitals shut down and bridges and the grid faltered just a few years before the entire island got fucked by a major Cat 4 hurricane. + +&#x200B; + +https://preview.redd.it/6962cn30z4h81.png?width=1600&format=png&auto=webp&s=da3ae4fbbed290866dc794b753c4632d50ad151d + +**There was a lot of fucked up shit during the hurricane, perhaps most relevant to our cause here is how a $300 million contract was handed off to tiny Montana firm Whitefish Energy Holdings, which was expected to help turn the lights back on in the state but it only had TWO fulltime employees.** + +&#x200B; + +We also find some papers come back to revisit this fuckery, including this one called " What Went Wrong?: The Puerto Rican Debt Crisis, The “Treasury Put,” And The Failure Of Market Discipline." Which says that **DON'T WORRY FAM, THE TREASURY WAS GONNA BAIL OUT ANY FUCKERY:** + +&#x200B; + +https://preview.redd.it/xuvfwfbxw4h81.png?width=730&format=png&auto=webp&s=572b2d7b13f4c4b36b9693b42cfd86c7da8f29b8 + +>What went wrong? Why did seemingly rational bond investors continue to purchase Puerto Rican debt with only a modest risk premium, even though the macroeconomic fundamentals were dismal? Why did financial markets fail to exercise market discipline and restrict capital flows to Puerto Rico? Given gloomy macroeconomic fundamentals and relatively low risk premia, investors were either myopic/misinformed, or Puerto Rican debt was implicitly insured by the U.S. government. +> +>**This paper examines the latter hypothesis, which we label the “Treasury Put.” The expectation of a federal bailout was perfectly reasonable given past behavior by the federal government, starting with the prior bailout of the city of New York.** + +&#x200B; + +&#x200B; + +I hope a wrinkle brain can look at that paper but it also goes into the failing years of Detroit and how it might have been related to Puerto Rico's municipal bond failures. **They describe the "treasury put" as "...the implicit guarantee -- as perceived by investors -- from a government agency to provide support in the event of financial distress by the issuer of Puerto Rican bonds."** + +&#x200B; + +https://preview.redd.it/q7zecd12a5h81.png?width=1094&format=png&auto=webp&s=2ac2444f05f1858fa394ebb35b2b7cb937368f7c + +If you've ever watched "Hypernormalization" by Adam Curtis (here: [https://www.youtube.com/watch?v=yS\_c2qqA-6Y](https://www.youtube.com/watch?v=yS_c2qqA-6Y)), he talks about how NYC went bankrupt and how the banks managed it. The relevant quotes: + +&#x200B; + +&#x200B; + +>**In 1975, New York City was on the verge of collapse. For 30 years, the politicians who ran the city had borrowed more and more money from the banks to pay for its growing services and welfare.** But in the early '70s, the middle classes fled from the city and the taxes they paid disappeared with them. +> +>So, the banks lent the city even more. But then, they began to get worried about the size of the growing debt and whether the city would ever be able to pay it back. And then one day in 1975, the banks just stopped. **The city held its regular meeting to issue bonds in return for the loans, overseen by the city's financial controller.** +> +>...The banks were supposed to turn up at 11am, but it soon became clear that none of them were going to appear. The meeting was rescheduled for 2pm. and the banks promised they would turn up \[instead at 4 PM\]. + +&#x200B; + +&#x200B; + +https://preview.redd.it/xmzemr66b5h81.png?width=1032&format=png&auto=webp&s=75cc70bc0a64645ca784cbcec4eca6a36a6cb6e6 + +&#x200B; + +>What happened that day in New York marked a radical shift in power. The banks insisted that in order to protect their loans they should be allowed to take control of the city. The city appealed to the President, but he refused to help, so a new committee was set up to manage the city's finances. +> +>Out of nine members, eight of them were bankers. It was the start of an extraordinary experiment where the financial institutions took power away from the politicians and started to run society themselves. **The city had no other option.** +> +>The bankers enforced what was called "austerity" on the city...This was a new kind of politics. The old politicians believed that crises were solved through negotiation and deals The bankers had a completely different view. They were just the representatives of something that couldn't be negotiated with - the logic of the market. To them, there was no alternative to this system. **It should run society.** + +&#x200B; + +&#x200B; + +History lesson aside, m**y understanding is that they bailed out NYC back in the day, so maybe the big banks said "well it doesnt matter how many fucking bonds we sell Puerto Rico, let's sell them since the US Treasury will fucking pay when this shit goes tits up".** + +&#x200B; + +https://preview.redd.it/zz022tup15h81.png?width=475&format=png&auto=webp&s=4d68442ff01fd54a1dab8099a2306d15b45cada1 + +Seems this relates to the city of Detroit too. **This paper talks about this more too (" Do Municipal Bonds Pose a Systemic Risk? Evidence from the Detroit Bankruptcy").** + +&#x200B; + +Around 2014 ish, Detroit's pensions were underfunded during their crisis, to the tune of them being 19% of the city debt. Ofc it wasn't the only thing but a big part: + +&#x200B; + +>The evidence of spillover from Detroit's bankruptcy to abnormal yield changes for other municipalities is relatively limited; only states with heavy pension/financial obligations (Illinois and Puerto Rico) and a few speculative grade securities experienced statistically significant downward repricing + +&#x200B; + +&#x200B; + +**Also a very fucking interesting sidenote: That same article says when Detroit announced it went bankrupt, there was some price action but it wasn't until a Barron's article SIX MONTHS LATER that Fitch, Moody's and them downgraded the ever loving shit out of the bonds. THEN the Puerto Rican bonds nosedived.** + +&#x200B; + +&#x200B; + +&#x200B; + +EDIT 3: And HOT DAMN u/magnanimus12 with some hot shit and an AMAZING FIND. Looks like they posted about this ages ago and didn't get any traction!: + +&#x200B; + +>If you think that's bad. Ask yourself why big universities like Harvard's endowment was profiting by holding Puerto Rico debt.. +> +>FUCKING TAX FREE + +&#x200B; + +His post featured this CNBC vid: + +https://preview.redd.it/dcma1zj345h81.png?width=904&format=png&auto=webp&s=325787f99f50da18856a0f0f251c12b92b7c75aa + +TheIntercept's David Dayen (who IIRC did a lot of shit on penny stock and naked shorting too!) talked about how Harvard's endowment had a $2 BILLION commitment with Boston-based Baupost Group, who was balls deep in Puerto Rican debt. Guess what the owner of that hedge fund said? + +&#x200B; + +>**Klarman has consistently** **dismissed** **cries for debt cancellation for Puerto Rico, saying the island would be better off in the long run repaying its debts. Baupost bought the bonds on the cheap and would reap a huge payday if paid back at face value** + +&#x200B; + +&#x200B; + +EDIT 4: Also given the relationship to all these municipal bond issues, do we recall that JPow is (lightly) balls deep in municipal bonds? I am not saying he's connected AT ALL, but I am curious if any ape can figure what types of bonds he has exposure to? Unfortunately, here's another CNBC source but looks like he has exposure to it nonetheless: + +&#x200B; + +>**Powell held between $1.25 million and $2.5 million of municipal bonds.** They were just a small portion of his total reported assets. **While the bonds were purchased before 2019, they were held while the Fed last year bought more than $5 billion in munis**, including one from the state of Illinois purchased by his family trust in 2016. + +&#x200B; + +Also dare I say the incantation and summon u/ammoprofit, who graced us with this chart some time back as well related to municipal bond buying during Covid. + +&#x200B; + +[Bottom row](https://preview.redd.it/ar5yzs2h85h81.png?width=733&format=png&auto=webp&s=dbb5cbbc1110c55d853e30a705149a4050c6a3dc) + +Around a year after things like the Muni liquidity facility kicked off in May 2021, the US gov dropped this paper about how **hedge funds (like Paulson & Company, Och-Ziff Capital, Fir Tree Partners, Perry Capital, and Brigade Capital) played a huge part in restructuring the island's debt (**[**https://sgp.fas.org/crs/row/R46788.pdf**](https://sgp.fas.org/crs/row/R46788.pdf)**) and made 100s of millions in profits while potentially trading on nonpublic info during debt negotiations:** + +&#x200B; + +>.**As default risks on Puerto Rican public debt became evident, many mutual funds reduced their holdings, allowing some hedge funds to increase theirs. I**n spring 2020, some accused hedge funds of trading on private information obtained through confidential Title III negotiations. In June 2020, Judge Swain required parties to disclose more about their holdings. Once those disclosures were made, some called for investigations of alleged trading on nonpublic information obtained in debt negotiations. + +Also aww shit look at this list of some of the linked hedge funds in a group called COFINA tied into this: [https://periodismoinvestigativo.com/2017/11/the-bondholders-who-bet-on-puerto-ricos-sales-and-use-tax-collection/](https://periodismoinvestigativo.com/2017/11/the-bondholders-who-bet-on-puerto-ricos-sales-and-use-tax-collection/) + +&#x200B; + +https://preview.redd.it/awf42n2rk5h81.png?width=1397&format=png&auto=webp&s=a3d1e721e6719b8970bf28618b20b2edcf890804 + +Some callouts: + +* **Canyon Capital:** u/Ok-Ingenuity4838 **found they were a foreign fund alongside Citadel that raised money in China alongside Oaktree Capital (linked to Evergrande).** u/Jackbauer13579 **found they're a Milken offspring too,** and they also shorted malls in CMBX.6 that contained GME! (from my "big mall short" posts) +* **GoldenTree:** u/Badasstrader **found they have puts on sticky floor!** +* **Tilden Park Capital:** I recognize them! they were also part of shorting malls that contained GME! +* **Taconic Capital: had put options on GME!** (thanks to u/GMEisMyHomeboy) +* Cyrus Capital: fucked around with the Sears bankruptcy (u/funsnacks merci for this!) + +This also comes as more money has flooded the municipal bond market in the past few weeks: [https://www.wsj.com/articles/cash-floods-municipal-bond-market-11640704797](https://www.wsj.com/articles/cash-floods-municipal-bond-market-11640704797) + +&#x200B; + +>Investors poured more money into municipal bond funds through mid-December last year than they had in decades, providing the fuel for borrowing by states and cities to fund new bridges, sewers and other state and local projects to a second-straight 10-year high.  + +\---------------------------------------- + +EDIT 7(?): **Def read u/ ammoprofit 's comment below a lotta good shit he found like, how the MMLF fund that expanded money/credit to towns/cities started including commercial pape**r (seen in Evergrande/Tether theories, but not saying it's the same comm. paper used here) but also leveraged near the 15 to 1 ratio perhaps under the Net Capital Requirement limit: + +&#x200B; + +>**"$500B at 14:1 Leverage? If I'm making the right connection between the flavor of asset, that's just under the 15x Net Capital Requirement limit. Is this all the Fed had/could afford? Or is this all they needed at the time?** + +Also wondering whether this ties into the stories told about Detroit or Miami + +**FWIW also I found an interesting research paper talking about hedge funds buying up credit default swaps, and how they could potentially bankrupt towns/municipalities through some of these moves if they wanted**: [https://openyls.law.yale.edu/bitstream/handle/20.500.13051/8264/MingJieWangCreditDefaultS.pdf?sequence=2](https://openyls.law.yale.edu/bitstream/handle/20.500.13051/8264/MingJieWangCreditDefaultS.pdf?sequence=2) + +>**Another potential concern is that even in a market that is generally liquid, the market for individual single-name \[Credit default swap\]s may be quite small, which could allow a single bad actor (a hedge fund, for example) to force a municipality into default.** + +&#x200B; + +\-------- + +EDIT 8: + +Reminded then by a commenter (need to find name) to look into the statehood of Puerto Rico thing more and this stuck out! + +&#x200B; + +https://preview.redd.it/3t7472hvo8h81.png?width=1354&format=png&auto=webp&s=87ad93162bcd9dbee833e17437f7c6b3a0a7efe5 + +Seems that because PR is a territory and not a state, this fucks up how they can declare bankruptcy (in their $123 billion bankruptcy in 2017 compared to Detroit's $17 billion) + +&#x200B; + +>They are only considering statehood because it seems like the best option to get out of the more than $70 billion debt crisis they are in. S**ince Puerto Rico is not a U.S. state, and thus not entitled to the privilege of bankruptcy — which is a recourse for all U.S. state and local governments — it is entering a court-supervised bankruptcy-esque proceeding made possible by legislation enacted by Congress last year.** + +&#x200B; + +[America and hedge funds say too bad Puerto Rico, Guam and any other US territory you're turbofucked if you declare that shit](https://preview.redd.it/zaostqkdp8h81.png?width=1423&format=png&auto=webp&s=9d810a0b4bd429d31d809054e337e2403d3b47fb) + +And our very own options watchdog u/Dan_Bren commented this (hope it's ok to include!): + +>I was working in wealth management at the time of this crisis and one of my jobs to review all the clients portfolios and holdings to see if they were exposed to these Puerto Rican bonds through the many mutual funds they were invested in. **I can confirm that almost every single accounts had exposure to this in some way** + +**TL;DR:** + +* **Banana! Found a GME link! A couple of the hedge funds involved in increasing holdings in risky Puerto Rican debt as safer mutual funds decreased theirs (HFs sometimes through potentially nonpublic info), might include Taconic Capital (had puts on GME), GoldenTree (puts on sticky floor) and Canyon Capital (linked to Citadel to raise money in China alongside Oaktree Capital, who has Evergrande links).** +* **They can also buy credit default swaps on these bonds and sometimes single-handedly bankrupt a town/city.** +* **Tying into welp007's post, big banks piled on Puerto Rico with billions in debt in what was considered a Madoff-level Ponzi scheme between 2006 through 2014 at least, leaving the US territory turbo fucked before it got hit by a Cat 4 hurricane. The bonds sold were considered "less transparent" than what would happen on the mainland, so this is prob why the SEC is fucking ducking FOIA requests.** +* **Maybe UBS and all these fuckers loaded up Puerto Rico with debt because of a "Treasury Put" guarantee (that some government org would pay for it when it went tits up).** +* **The Puerto Rico fraud might be related to Detroit's bankruptcy, and maybe when Detroit went titties' up it had collateral damage and fucked the Puerto Rican municipal bonds and now SEC and everyone is trying to hide the shit under the rug.** +* **The Puerto Rico debt story might also relate into why they aren't being let to be a state, since US territories have different bankruptcy rules (!) Municipal bonds for PR also have heavy investment from colleges in their endowments (Harvard, Yale).** +My partner died rather suddenly a few months ago. No kids. + +We didn't have life insurance, because we stupidly thought we wouldn't need it in our 20s. Savings got depleted paying for stuff in the aftermath. Household income dropped from $170k to $80k. + +I live in a city where $80k pre-tax is OK for a single person but not a high wage (high cost of living). I could not afford a home here without the second income. I had to make big lifestyle adjustments. I already downsized to a modest 1 bedroom apartment and ditched the car. + +Now I find myself lost. What should I do to build towards a good financial future? I want to find a way to be financially secure on my own. + +I'm worried the $80K isn't going to be enough in the long haul now that I'm on my own. How can I increase that? My current job is OK but I don't see much growth potential down the line. Should I work a side gig? Invest aggressively? Consider a career change? Upgrade credentials? Go back to school? What would give me a good shot at really increasing earnings? I'm willing to work very hard and open to suggestions. + +I have 0 debts so far. As for assets, here's what I have left... + +$200k approx - my retirement savings (maxed out) + +$110k approx - spouse's retirement savings + +$18k - Emergency Savings + +It's mostly in ETFs. Is there a better way I could leverage this money to give myself a jump start at a new life? + +--------------------------- + +EDIT: Because so many people are reacting "but you make $80k, how you can have financial issues", I should explain more. I don't think I'm going to go bust on 80K. I know most families in America are forced to live off much less than that. I know I am luckier than many. I don't want to insult the experience of so many families and single parents who struggle to live off much less. I do live in an expensive city, where 80K stretches less than it might elsewhere. I can pay my bills and get by. But I don't want to live alone in a small apartment all by myself for the rest of my life. I want to be able to earn enough to also save a lot for the future: future home, future 2nd marriage, future family, future retirement. + +Short-term survival is not an issue. But I am worried about the long haul. Now that I am single again and not tied down, this is my chance to make changes. I have a better opportunity to go back to school, move or change jobs now than I will in the future. I'm trying to plan ahead, because I still want to have hope that life can go on after loss!! + +EDIT2: Clearing things up more. To plan for the future I want to be able to save at least 30% of my income. Even more if I can. With high cost of living and reduced income, it seems hard now. That's why I'm looking to increase income. +[KY, USA] Due to reasons no fault of my own, my parent is going to be incarcerated soon. That leaves responsibility of my sibling (6F) to me. I have enrolled and am on the waiting list for CNA classes, so should be getting paid anywhere from $9-11 an hour. I'm already looking into low-income housing, utility help, and general help from the government. I just think I'd ask here for any advice regarding how to budget my finances. + +Things to consider: + +Lowest rent I've found is $595 2bed 1ba for low-income housing with water, sewer, and trash included. I should qualify for low-income assistance. + +I have a car and my insurance is $100 a month. I have student loans that are $50 a month. My car is not working now and I have it quoted around $500-600 to get it fixed. However, I'm willing to walk to work and save up money to get it fixed. + +Need advice on how to parent. I have raised two other siblings although not to this degree of care. Is there any after school programs I could look into? How can I be the best provider for my sibling? + +For those wondering about any relatives should could go to, both likely candidates live out of state. I also do want to keep her close, even if means sacrificing years to raise her. Any advice helps. + +EDIT: I am honestly in disbelief of the kindness that people still have for one another. I have had offers of help from many sweet people. You all are so beautiful. It has really touched my heart and I have to admit, I have teared up reading all of y'alls comments. Thank you from the bottom of my heart. You all give me hope that I can be a better person and a better sister. + +EDIT 2: You all are a great asset and I am very happy I posted here to such a great community. I am sorry that I haven't responded to everyone, but I will try my best! I've gotten a flood of PMs, kind-hearted people reaching out to help. It's really humbling. I can only offer a thanks of gratitude to you all. +**TA;DR** Very little has changed since my update on December 21, which is odd considering the price has dropped another 33%. Institutional Ownership is at 24.8M. Out of the 24.8M, approximately 14.6M are "locked" up in ETFs (6.7M) and Mutual Funds, Index Funds and Pension Funds (8M). Available float appears to change hands every two weeks with no material change in ownership, just price reduction. + +This post is an update to: [https://www.reddit.com/r/Superstonk/comments/rlg6yu/update\_on\_float\_institutional\_ownership\_etfs\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rlg6yu/update_on_float_institutional_ownership_etfs_and/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +[ Stagnant shares = insiders ](https://preview.redd.it/z6drvp9gghd81.png?width=1005&format=png&auto=webp&s=1c475ea66782febb35086eb50f7dc802fa2d954f) + +&#x200B; + +[ Not sure why Matt Furlong isn't in Bloomberg ](https://preview.redd.it/4ueohjklghd81.png?width=559&format=png&auto=webp&s=4ed51a75e17a2fc80c215503f428e1ed8916dfbb) + +&#x200B; + +[Current IO = .3892 X 63,738,478 = 24,807,015](https://preview.redd.it/hr1yd4irghd81.jpg?width=639&format=pjpg&auto=webp&s=fc87e17418572f2f97224375c8fad63ce31cad7f) + +Current IO of GME shares is 24,807,015. On my December 21 update, IO was at 24,877,128. This is only a decrease of 70,122. This is the smallest decrease in IO since I started tracking these numbers. + +&#x200B; + +[6.7M shares of GME in ETFs](https://preview.redd.it/p0sodswnhhd81.jpg?width=1218&format=pjpg&auto=webp&s=1c5a3bc0bbf46837e504e1e29454e429b1e5590a) + +There are currently 130 exchange traded funds (ETFs) that include a total of 6,690,476 shares of GME. I reported 128 ETFs with 6,723,120 shares on December 21. This is only a decrease of 32,644. + +&#x200B; + +[ 8M GME shares in 329 mutual funds, index funds and pension funds ](https://preview.redd.it/kf4qql73ihd81.jpg?width=1242&format=pjpg&auto=webp&s=1323604bb6035127a7e002babe3f01234e20a326) + +There are 329 mutual funds, index funds and pension funds that hold a total of 7,957,066 GME shares. I reported 330 funds with 8,061,540 shares on December 21. That is a decrease of 104,474 shares. + +As I mentioned in my previous posts, Institutional Ownership has decreased significantly from May 2021 when it was over 100%. In fact, IO was over 100% for more than ten years before it dropped precipitously in May. Institutional Ownership is now reported at 44.7% (34M) of outstanding shares or 38.92% (24.8M) of float. Venture capital firms like RC Ventures are considered IO, but are also considered insider shares or "stagnant" shares; hence, the difference of 9.2M. + +[ IO of GME \(&#37; of float\) for past 10 years ](https://preview.redd.it/b62scbzdjhd81.jpg?width=1914&format=pjpg&auto=webp&s=073e1df362f833caa8d613c5b3744c88d22080c9) + +[ IO of GME \(&#37; of float\) for past 6 months](https://preview.redd.it/g7unxi4hjhd81.jpg?width=1912&format=pjpg&auto=webp&s=7aea13e6eb2c5791bc20efafda2c113b263f84ab) + +Are institutions done selling off? Very little has changed in the last month. + +Computershared.Net reports outstanding shares, inside ownership, shares "locked" up in ETFs and Funds, as well as gives estimates for DRS. Technically, the float is outstanding shares minus restricted (or stagnant) shares, which is 63.7M. However, the number of shares in ETFs and Funds will need to be maintained to some extent going forward and we all anticipate the DRS numbers to increase. Accordingly, the available float appears to be around 25-30M. *Yes, I know, those cucks borrow and rehypothecate from ETFs.* + +Price and Volume since my last update: + +https://preview.redd.it/33qe54gsohd81.png?width=460&format=png&auto=webp&s=0e604a82c7f458dc68cf3c94ef353b26dd76fd59 + +Since my last update, Institutional Ownership has only decreased by 70,122 shares, including minor decreases in ETFs and other Funds. However, the price has declined by 33% ($158 to $106) and the available float has traded 2.2-2.7 times. I smell bullshit. + +&#x200B; + +**TA;DR** Very little has changed since my update on December 21, which is odd considering the price has dropped another 33%. Institutional Ownership is at 24.8M. Out of the 24.8M, approximately 14.6M are "locked" up in ETFs (6.7M) and Mutual Funds, Index Funds and Pension Funds (8M). Available float appears to change hands every two weeks with no material change in ownership, just price reduction. + +This post is an update to: [https://www.reddit.com/r/Superstonk/comments/rlg6yu/update\_on\_float\_institutional\_ownership\_etfs\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/rlg6yu/update_on_float_institutional_ownership_etfs_and/?utm_source=share&utm_medium=web2x&context=3) +Are you buying a house in the middle of nowhere Arkansas? Are you buying a house in Detroit? Jackson Mississippi? The middle of the desert in Nevada? + +I know it’s a weird question but it had me curios. Curios where it would be hardest to sell a house at. +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 +"On March 31, 2022, GameStop Corp. (the “Company” or “GameStop”) announced its plan to request stockholder approval at the upcoming 2022 Annual Meeting of Stockholders (the “Annual Meeting”) for an increase in the number of authorized shares of Class A common stock from 300,000,000 to 1,000,000,000 through an amendment to the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter Amendment”) **in order to implement a stock split of the Company’s Class A common stock in the form of a stock dividend** and provide flexibility for future corporate needs." + +A "normal" stock SPLIT is giving you X shares for each share you currently own, while simultaneously lowering the price of the shares by the same X factor. If a 3:1 split is announced and the price is $150, you'll have 3 shares for each 1 share you currently own, but the price per share will be $50. The net worth of your investment does not change. + +A dividend is a "reward" for investors. + +A STOCK DIVIDEND is a reward in *shares*. + +These links outline the differences quite well: + +- https://www.educba.com/stock-dividend-vs-stock-split/ +- https://myaccountinghelp.org/stock-dividend-vs-stock-split/ + +~~I think GameStop plans to first SPLIT the stock, and then issue MORE shares to each shareholder. If (post-split) GameStop issues a dividend of 1 share for each currently owned share, then anyone who sold the stock short will be on the hook for delivering that new share to each owner of the stock that was sold short.~~ + +// EDIT: Follow the links by /u/LionRivr just below and read up. That will lead you to numerous books which state that **stock splits in the form of a dividend *DO NOT ALTER PAR VALUE PER SHARE*.** This means that in the exampled I used earlier, if you had 1 share at current price of $150 and a 3:1 split occurred, you'd end up with 3 shares each valued at $150! Your investment's value would TRIPLE. If the company did a 7:1 (741... 7 for 1...) dividend, your investment's value would go up seven-fold! + +// EDIT2: Numerous apes have pointed out that "par value" is not the same as current price or "market value," and state that the share price WOULD decrease by the same ratio as the number of shares given to you. + +Hedgies are *sooooo* fucked. + +--- + +Just how _fucked_ is "fucked?" /u/LionRivr has a nice writeup here: https://www.reddit.com/r/Superstonk/comments/tt8umb/new_8k_filing_stock_split/i2wlmmo/?context=3 + +--- + +And as /u/BlurredSight points out: + +>Also major point +> +> You do not get a dividend if you’re loaning out shares but you do get extra shares in a split regardless of loaning +> +> They literally are punishing the lenders like Fidelity and IBKr for fucking around and now they’re finding out. This was easily call lenders to bring back stock I expect the % to rise again rather quickly + +So sowwy, Fudelity and IBK, so vevvy vevvy sowwy! + +--- + +It's worth considering some counter-arguments against the _dividend_ part of my assumptions/arguments. Entirely possible I'm over-jacking the tits: + +- https://old.reddit.com/r/Superstonk/comments/tta25x/stock_split_and_stock_dividend_are_not_the_same/i2xbmlx/?context=3 +- https://old.reddit.com/r/Superstonk/comments/tta25x/stock_split_and_stock_dividend_are_not_the_same/i2x28m7/ +I'm quite excited about this one, and many of you said you would like to see a tool like this so there you go guys. + +This crypto trading algorithm scans the Binance exchange for coins every 20 seconds, and if a recent innovation listing is found it will automatically place a buy order. + +The bot will also be able to sell the coin at the optimum time by using a trailing stop loss. Essentially, as long as the price of the coin is going up, the algo will hold onto the coin, and sell once it detects a trend reversal. + +I'm sure many of you have noticed the phenomenon of massive pumps the moment a new asset is listed on Binance, only to be followed by a significant drop afterwards. Manually trading that would be impossible, but a trading bot might be able to capitalize on some sweet gains there. + +It comes with a test mode too so you can plug it in and let it run without any risk of using real money as you're testing it. + +The bot is written in Python and works with Binance and Binance US. + +&#x200B; + +**How it works** + +The bot uses a configuration file (config.yml) and a credentials file (creds.yml) in order to query the Binance API and place a buy order when certain user-defined conditions are met. + +You will need a Binance API key and secret, and a couple of dependencies (python-binance and pyaml) but the cnfiguration is pretty straight forward after that. Simply configure the config.yml file, add your keys an run main. py + +I've been testing it for a few days, but no coins have been listed on Binance since then, but I will continue testing it and report back. Though every function has been individually tested in the past and proven to work from some of my other projects. So please bear that in mind if you give it a go yourself. + +&#x200B; + +For the GitHub source go here: + +[https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins](https://github.com/CyberPunkMetalHead/binance-trading-bot-new-coins) +I've found it interesting (though often discouraging) to read about others Algo Trade experiences. Unlike most, I've been coding for 25-years and have a nearly decade of experience with Amazon competitive pricing algorithms. So, I feel uniquely qualified to undertake this challenge. + +The last 60-days has been an interesting journey. The first issue was the data providers (recommended by others here). I found much of their data to be total garbage, and that was an added frustration on top of the costs, and BS throttles/limits. The best I've found is [eoddata.com](https://eoddata.com). The data is clean and accurate, and I believe free if not using the API to download the CSV. + +After finally getting some usable data, I've spend much of the last two months modeling terabytes of it. I erroneously believed that AI could make predictions or I would find patterns for algorithms. Instead, the conclusion is... it's all random! Nearly every conceivable possibility resulted in a score of 50/50 - a coin toss! That was a huge revelation. + +To test the Coin Toss Hypothesis, I picked 10 stocks at random that closed up, 10 that closed down, and another 10 at total random, for 3 days. The results were 53/57/54% were up the next day. Nearly identical to the results of my modeled AI and Algos. + +The only outside indicator I've found reliably moving stocks is the news. On average positive and neutral stories move stocks up. Most of the providers suck at classification though. Even simple classifications such as "is it related to this stock?" they get wrong a lot. I think to succeed at this would require AI with natural language ability. Perhaps OpenAI. + +What I decided to do was go back to the supercomputers and run thousands of simulations as if this was a game and the goal is to earn points ($). I gave it just a few simple rules governing account balance and buying more on dips to amortize the position. I gave it $1000 balance to test each stock (NYSE/NASDAQ) and the results are truly unbelievable. When I do an audit (random selection), their accurate. Had I actually bought X shares at Y times they would have produced Z results. + +Over the weekend I just got the data from the latest simulation. It generated TRILLIONS in simulated earnings. I still need to review it in more depth, run more simulations/audits, etc, but this seams like the way to do it. + +I'm still a ways away from trading live. Want to do more research. But I hope you find this information interesting, as I sure did. I'm sharing my general research because 99% of all the money is owned by 1% of the people. Lets take some back! +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! + +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +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) +>Rich Millennials to Financial Advisers: Thanks for the Golf Invite, but You Can’t Invest My Money + +WSJ recently wrote an article about it. + +Have you ever thought of going to money managers? Maybe you tried - what was the expirince? +I had posted about these cards [here](https://old.reddit.com/r/fatFIRE/comments/ogmyup/amex_platinum_vs_chase_sapphire_reserve/). I tried to capture what I considered to be the essential differences between what I viewed as the most important "perks" (YMMV). + +One of the things that other users mentioned a lot is that the customer service for Chase is not as good as AmEx. Now that I've had both cards for a few months, I am here to expand on that: + +Compared to AmEx, the Chase customer service is abysmal. So thank you to those who warned me. Put simply, AmEx is like Mercedes Benz and Chase is like a random used car lot when it comes to customer service. +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! + +If they were to make a rule to help retail this shit take them months or years. Suddenly someone has an idea that will go against retail and be used explicitly for crime. Shit takes them no time at all. Unbelievable. Then they have the audacity to delay CAT until god-damned 2024, how fucking pathetic is this? How much more blatant does it need to be before the FBI or some shit gets involved? To be honest I doubt any government division wants retail to win. We are living in a very fucked up system. Just needed to get this shit off my chest. Fuck these guys. + +I will hold til I'm cold, fuckers. + +edit2: I appreciate the awards and comments but for real I don't need anymore notifications, you all can upvote and award actually useful posts instead of this one. Some big brain folks out their deserve more than me. + +edit:spelling +I was interviewing a guy for a role in our IT department the other day, alongside the HR lady. On his CV he had 20 years experience working in IT, then 10 years as a day trader (successful enough to earn a comfortable wage). + +He answered the technical questions excellently, but struggled with giving recent examples in the behaviour questions (such as team working, communication etc) for obvious reasons. he could only give examples from his past career. + +As a hobbyist trader myself I was willing to cut him some slack, but the HR lady saw him as someone who had been out of a "proper" job for a decade. Her reasoning was that "sitting in only in underwear clicking away at a computer" is not a proper job. I suppose that's technical correct but. + +I wasn't quite sure how to defend day trading, as technically one doesn't go into an office, one doesn't work as part of a team, and one doesn't need to communicate with customers/stakeholders. +I'm looking into buying a watch that costs around 3.5k and I have the option of buying it with a 10% deposit and financing the rest at 0% APR for up to 4 years. + + +Taking into consideration that I can pay for it in cash and that I don't have any other debt besides my mortgage, it seems like it would be silly not to do it, since even if I keep the money in a savings account earning nothing, it would be better to have access to that money in case of an emergency. Without even taking into consideration inflation and possible earnings if I invested it instead. + + +Am I missing something? +Hey SuperStonk, +Long story short I got a few apple cider margaritas deep & like to talk. Initially it started with macro economics & the friday bloodbath around the market. Progressed into MSM manipulation & settled down on the ingenious naming of “meme stock,” how this name was given to discount the legitimacy of our stock & its fundamentals. + +Anyways my dad brought up how GME happened in January (they know I was invested then) & asked deeper about why. + +Went on a rant starting with January sneeze, then leading into SECs report on it, into DDs such as House of Cards, Emperor has No Clothes, etc. + +As of market open on Monday, my parents decided to put in enough to become xxx holders. And it was made extremely clear, no financial advice or pressure was given. They decided it was a worth while investment on their own accord. + +For those wondering: yes these will be bought via CS. + +I believe there’s many other instances like my own & we will see a new wave of boomer apes. + +TLDR; parents decided to invest xxx shares via ComputerShare after my drunken Thanksgiving dinner rant. +Hey Apes, + +After yesterday’s forum slide and mods quiet decision to remove karma requirements for the day, I’d like to speak my piece about the state of the sub. + +First off, I have been in touch with the mods about their decision. The few I talked to told me they in fact do believe they made a mistake of removing the karma requirement for commenting for all the “new” apes. They were excited to see the influx of new subscribers and wanted to allow them to ask any questions they may have had about GME which is understandable. I mentioned to them it may have been a ploy by shills to infiltrate the sub to spread false hype over a new flock of investors, like when the Korean ants came several months ago and were never heard from again, and they heard my opinion of the matter. I also mentioned it created a wave of FUD against the mods, hence their post last night on why they made the decision to remove the karma limits in hopes to gain users' trust back. Everyone, mistakes happen. At least they’re owning up to it publicly and for that I commend them. + +When I logged on for the first time yesterday morning, I saw the overnight forum slide and wondered why it happened. It took me about 20 minutes to put together that [this post](https://www.reddit.com/r/Superstonk/comments/qi4zgc/dear_people_of_all_we_are_screaming_at_you/) was the “reason” new subscribers came. When I initially saw it, I thought nothing of it to be perfectly honest other than it had a strange amount of upvotes. When I learned that it was the post that convinced new subscribers to join, I tried to look at it with healthy skepticism. My thoughts were, “Why was it this post that made it to all? Why was this post with 0 substance in it that convinced “thousands” of new subscribers to join?” Mods thought it may have been the wording of the comment, and how stating it “could” lead to becoming a multimillionaire by investing in GME caused it to blow it. I still don’t buy that. + +Just so we all know, Superstonk gained only 6.6k new subscribers [yesterday](https://frontpagemetrics.com/r/Superstonk). KryptoKurrency had over 13k new subscribers, and DoubleUSB had over 8k new subscribers. In reality, there was very little movement when it came to new subscribers here. To me, it felt inorganic and screamed bullshit. + +As a general note, yesterday around 10:00AM EST, I noticed a blip of online users go from 52k to about 38k in a matter of a few seconds. It never went back over 50k the rest of the day. Interestingly enough, the mods I have been in touch with noticed around this exact time was when the hype of new subscribers and their comments died down. It seems like it was a very coordinated guerilla warfare style attack. Do I think they’re gone? No. I’m waiting for the next attack which I think is coming very soon. + +I had a gut feeling another attack was coming soon. My reasoning? Last weekend, Sunday at 12:19AM EST, I noticed the sub was down to 10k online users ([mobile screenshot for proof](https://imgur.com/gallery/igTjz8V)). This is a new record low since the subs inception. I’ve never seen it go below 17k at any point in time. To corroborate my reasoning, here are the latest stats for you to peruse. The user count is from October 24, 12:19AM, and the average count is the last months’ worth of online activity for Sundays at 12:00AM across the subs I track. + +KryptoKurrency | Average Count - 9629 | User Count – 9872 + +DDintoGME| Average Count - 225 | User Count – 157 + +Diablo | Average Count - 2408 | User Count – 2333 + +DnD | Average Count - 6006 | User Count – 5686 + +DunderMifflin | Average Count - 4533 | User Count – 2176 + +GME | Average Count - 3227 | User Count – 2176 + +GMEJ - ungle | Average Count - 2532 | User Count – 758 + +Jigglefuck | Average Count - 294 | User Count - 302 + +NSFW\_GIF | Average Count - 4027 | User Count - 4496 + +StockMarket | Average Count - 1376 | User Count - 2068 + +SuperStonk | Average Count - 17713 | User Count - 10086 + +Popcornstock | Average Count - 7194 | User Count - 3192 + +criticalrole | Average Count - 1150 | User Count - 1977 + +dogkoin | Average Count - 2099 | User Count - 2556 + +fidelityinvestments| Average Count - 99 | User Count – 96 + +gaming | Average Count - 18050 | User Count - 19904 + +lotrmemes | Average Count - 3444 | User Count - 2863 + +mildlyinteresting | Average Count - 13157 | User Count – 13221 + +nba | Average Count - 16881 | User Count – 25881 + +politics | Average Count - 13545 | User Count - 11960 + +rupaulsdragrace | Average Count - 2018 | User Count - 1852 + +stocks | Average Count - 3588 | User Count - 3485 + +Double USB | Average Count - 18065 | User Count – 13876 + +I love how all of the GME and other “meme” stock subs all managed to have at least 30% lower online users at the exact same time, whereas every other sub is well within a normal range. + +An additional thing to take note of, we currently have 37392 online users as I’m writing this. The average number of users for this two-hour time period of 10:00AM to12:00PM EST is 30k. + +Do whatever you will with this info. All I’m asking is that we continue to look at things with skepticism and let things digest here for 24 hours before jumping to conclusions. + +DRS. See you all on the moon. + +I won’t be commenting much on this post. I’m getting married today =) +I'll admit it: I've kept a large sum of my crypto on Robinhood this whole time... until now. To be fair, I had stopped actively buying with them a year ago, but had decided not to sell since they had announced they were developing crypto wallets. So I decided to just hodl until I could transfer out... and that time has finally come! Last night I finally received word that my wallet was ready. **As of this morning the remaining assets I has hodling have been transferred OUT!** + +Screenshot: [https://imgur.com/a/unzF2sS](https://imgur.com/a/unzF2sS) + +**I STRONGLY urge you to do the same if you have not done so already.** It's worth the gas price too ([which is a little lower than normal right now](https://ycharts.com/indicators/ethereum_average_gas_price)). If you've quietly been waiting for your Robinhood crypto wallet, it should come soon. I was around number 55k in line to receive mine. + +*Why transfer out?* If you're not aware, Robinhood restricted trades during the the GameStop/meme-stock mania last year which effectively helped shady hedge funds and hurt regular folk like you and I ([see more about that here](https://www.cnet.com/personal-finance/investing/robinhood-backlash-what-you-should-know-about-the-gamestop-stock-controversy/)). They were also fined $70M by FINRA over other shady practices, including having "outages" during big market swings between 2018 and 2020 ([check that out here](https://www.nytimes.com/2021/06/30/technology/robinhood-fined-misleading-customers.html)). This was especially a frustration last year when Robinhood suddenly suffered "technical difficulties" during the epic Doge runup ([more info here](https://www.theverge.com/2021/5/4/22419159/robinhood-dogecoin-outage-crypto-trading-crash#:~:text=Robinhood%20confirmed%20that%20it%20experienced,the%20beginning%20of%20the%20day)). So then, it's pretty clear that Robinhood's interests are NOT with you. **Why trust them with your assets when they block you from making financial decisions during critical market movements?** + +I'm not the only one in this sub that is alarmed by Robinhood, please see these additional posts and comments from our fellow sub-mates for more information so you can make your own decision: + +* [Robinhood CEO can’t/won’t answer questions](https://np.reddit.com/r/CryptoCurrency/comments/lmyhur/for_those_still_on_the_fence_with_robinhood_watch/) +* [Citadels CEO Lied Under Oath about a Collusion with Robinhood](https://np.reddit.com/r/CryptoCurrency/comments/pw0kgt/leaked_documents_show_that_citadels_ceo_lied/) +* [Robinhood locked the buy button when it suited them](https://np.reddit.com/r/CryptoCurrency/comments/lfrslo/reminder_robinhood_blocked_several_stocks_from/) + +TLDR: I finally moved all my crypto off Robinhood now that they enabled my crypto wallet. You should too because they are shady AF. +I am still new to investing and researching Mutual funds. I'm wondering about the effects of the size of AUM on the performance of Mutual funds, is there any correlation? + +What will happen to MFs whose AUMs become really really large over the time, can they still be managed efficiently? + +Also there are MFs that only started recently and have very small AUM. Is there any risk due to this? +Is a bit of a weird question, but I'm wondering if people already have an idea of what they want to do once they're "done" investing. To my understanding the core principle behind every "set and forget" strategy is that you get to retire with a decent amount of money, which sounds good, but then what? + +Recently I've talked with a colleague who's just a few years before retiring and has amassed something like three quarters of a million dollers over their years, which if they keep living with their current standards, will likely be more than they will spend the rest of their life. + +Do people already have ideas of what to do with their investments? Other then having my children inherit it some day, I've got no idea either. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +Mods - I think it would be awesome if we have a place for all the apps and websites made by the Thetagangers simply to help each other out. Seems like every week someone has a sweet new website to help us out, would love them all in one place! +My mother this morning has received a default notice letter from a payday loan lender. She did not take out the loan and it’s obvious that a fraudster has used her name to take it out, she was a victim of fraud in the past and had a protective CIFAS in her name which expires this year so I don’t understand how this happened... We can’t call the lender until Monday because they’re closed on weekends, I was wondering if we can do anything about this? My mother is worried sick about this. + +We are in England. +Full press release here: https://www.businesswire.com/news/home/20221120005104/en/The-Walt-Disney-Company-Board-of-Directors-Appoints-Robert-A.-Iger-as-Chief-Executive-Officer + +BURBANK, Calif.--(BUSINESS WIRE)--The Walt Disney Company (NYSE: DIS) announced today that Robert A. Iger is returning to lead Disney as Chief Executive Officer, effective immediately. Mr. Iger, who spent more than four decades at the Company, including 15 years as its CEO, has agreed to serve as Disney’s CEO for two years, with a mandate from the Board to set the strategic direction for renewed growth and to work closely with the Board in developing a successor to lead the Company at the completion of his term. Mr. Iger succeeds Bob Chapek, who has stepped down from his position. +Occasional poster, using throwaway for anonymity purposes. + +I'm mid-50s, $7.75M NW ($6.5M LNW), have been heads down working for my entire career. House is paid for, kids college is paid for. We're living on well below a conservative safe withdrawal rate. + +Original plan was to quit next year when last kid heads off to university, but I'm burned out, don't want to do the commute again post-Covid and my formerly high 6 figure compensation package will most likely be mid 6 figures going forward, due to declining fortunes of the business and end of life cycle of some of the products I support. + +My wife says quit, my family says quit, my tax guy says quit. If I had a dog, he would say quit. So why am I having such a hard time pulling the trigger? Does anyone who has been through this have advice on learning to let go and move on? Particularly if it's happening earlier than you planned? + +Edit: Thanks to all of you for some perspective and good advice. +I don’t have anything else to add here, the title really speaks for itself. I’m wondering what are some wonderful papers that algorithmic traders should consider reading? +A significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks. Following the failure of the fund to meet these margin commitments, Credit Suisse and a number of other banks are in the process of exiting these positions. + +[https://www.marketscreener.com/quote/stock/CREDIT-SUISSE-GROUP-AG-9364979/news/Credit-Suisse-nbsp-Trading-Update-32822943/](https://www.marketscreener.com/quote/stock/CREDIT-SUISSE-GROUP-AG-9364979/news/Credit-Suisse-nbsp-Trading-Update-32822943/) +I wanted to see what the consensus is in terms of purchasing LEAPS on stocks like Apple, Amazon, Microsoft, google, or spy now when stocks are down and then running the poor man’s covered call strategy against the long call, and if no why not. Thanks in advance. +• I feel like we're in a circular vicious cycle and am thinking through scenarios. Would love people to chime in on the below + +o You can analyze the current economy from many starting points. Let's start with high oil prices which is today's headliner + +o High Oil Prices cause prices for everything else to go up. Some obvious goods/services are airline tickets, shipping costs, car gas prices and utility bills + +o These higher costs of goods sold mean tighter profit margins for corporations like JetBlue or Shell + +o To preserve margin, rising costs will be passed through to consumers + +o The result is lower consumer demand. Consumers will travel less by plane and car, use less electricity and order less things online etc. + +o Corporations will then feel another negative blow on volumes and respond by adjusting prices or simply taking the hit to volumes + +o In the medium to long-term, decline in top-line growth + higher costs hurt the bottom line + +• Cost of capital increases + slowing growth = PV gets crushed + +o The fed will likely need to get involved at this point. What are their options? Theoretically they can influence the economy via monetary or fiscal policy (lower rates, tax cuts, higher gov spending), but credible options are limited with where inflation is and supply chain disruptions today + +o Short-term solutions that need to be taken are: increase domestic oil production immediately and accelerate clean energy transition. Any other solutions? + +• I'm very nervous about what is to come in the financial markets. We've enjoyed the fast lane for long enough but I think we are in for a long period of hurting + +• Any have predictions? What companies are you looking out for? +I've argued with Marxists and they'll say central planning is good because when Amazon needs to allocate goods somewhere, they aren't really participating with a market. They centrally plan for where certain goods to go. I've seen the same claim made about the military. The military "centrally plans" where tanks/food/etc go via central planning + +Can you debunk this argument? +**Do you put it somewhere where it can grow?** + +**Do you split your savings into different accounts in case something happens?** + +**Or do you leave it in a savings account?** + +I am interested in seeing what others do as I honestly don\`t know the best approach. +https://finance.yahoo.com/news/initial-jobless-claims-week-ended-oct-31-2020-coronavirus-pandemic-185012800.html + +The Labor Department’s latest report reflected the tenth straight week that new jobless claims came in below the psychologically important 1 million mark. And the past several months’ worth of weekly new claims have come down significantly from the nearly 7 million new claims filed at the beginning of April. However, improvements have slowed to a trickle compared to the initial legs lower in new weekly claims that ensued after April’s peak, and the latest initial jobless claims tally came in worse-than-expected. + +“Overall, the economy appears to be losing a bit of momentum,” Wells Fargo Securities economists including Jay Bryson said in a recent note. “Jobless claims have improved recently but remain elevated.” +Do you think culture plays a big influence in financial success? + +I recently made a thread about my friend, who is in his 30s, lives at home with his parents rent-free while working full-time, and invests in property and to secure his financial freedom. Apparently, this trend is quite common among Eastern cultures, where people are a lot more reluctant to move out from home and parents are more willing to help their children. + +So I was wondering, do you think Eastern and Western cultures produce different financial outcomes? + +A lot of my Western friends move out when they are 18, party and drink hard and "live life" a lot more freely. There is an attitude of "you only live once so make it count". + +Whereas the vast majority of my Asian friends are book worms and are a lot more focused on study, work, saving and investing. These people are often quite serious about finance and extremely frugal. + +I am not one to say which approach is better, but in my circle of friends it is clear that one group is always the first to complain about housing affordability and cost of living, whilst the other group seems to be happier in the long-term (at the expense of short-term happiness). + +Thoughts? +At that point, the US dollar would be backed by the only asset to appreciate 100% every year for 12 years, and the asset would be completely derisked because of US adoption. The US then becomes the richest country in human history with the most stable currency of all time. +WSJ article 9/29 about tech companies buying home and flipping them. + +They call these companies IBuyers. They include Zillow Group. Opendoor Technologies, and Offerpad. + +I generally did not understand the article. But I only have 52 years in the business. + +One part I DID understand: “IBuyers have been clear that their businesses are built mostly to make money off ancillary services such as mortgage, title insurance, and escrow, rather than on home transactions themselves.” + +Well, that’s kind of a startling fact. + +In other words, these Wall Street sharpies disdain property ownership as a way to make money. They see property ownership as a sort of loss leader only useful for attracting buyers of Realtor®, mortgage origination, and title insurance sales. 99% of the readers here are all excited only about the IBuyers loss leader. What are you missing? + +I have noted in various places that the best way to make money on real estate might be to get into one of the transaction costs businesses rather than actually buy real estate. The IBuyers figured that out. + +I did deliberately work in brokerage and property management more to learn than earn. I should have also worked in title insurance. I DID get training in appraisal and real-estate-related law. + +But having said that the best way to make money off real estate may be to be in one of the transaction-cost businesses, I must add that I generally consider those businesses to be fundamentally overcharges. Commissions in real estate sales are way too high and everybody knows it. + +The DOJ is currently pursuing yet another action trying to knock home commissions down. They have been doing that my whole life. The commissions HAVE gone down about 1% from 6% to 5%. But they need to be a **flat fee** rather than a percentage of the price. Selling a property requires about the same effort regardless of the price. Imagine if doctors set the price of treating a broken arm by the weight of the patient. + +Realtors® rage against lowering the commissions. When you spend all day every day telling people that you deserve the commission, you have deadened the portion of your brain that lets you be objective about it. If commissions were finally lowered to the flat fees they should be, Realtors® would make about the same, but there would be a lot fewer of them. They would be like lawyers or plumbers. No more free pumpkins at Halloween or free newsletters about your neighborhood. Do lawyers or plumbers give you free pumpkins? No, because they do not get 5% of the value of your house + +*Forbes* magazine said title insurance is the biggest racket in the real estate business. No, it’s second to the commissions. But it is a racket. + +You can spot such industries by the amount of money they give politicians. Real estate agents and title companies give tons of money to politicians. + +It is well known that title “insurers” rarely pay any insurance claims. + +“Based on reports provided by the insurance industry, title insurance claims payment only amounted to 4 to 5 percent, as compared to the 60 - 75 percent of claims paid for home insurance or auto insurance.” insuranceqna-com + +Title insurance is really just a title **search**. You could and should learn how to do those yourself. The title insurance companies have them done by relatively-low-paid high school grads. You cannot do the **lender’s** title search, but you **can** do your own instead of paying for an **owners title policy**. + +There is a whole segment of the real estate investing industry—**foreclosure auction buying**—where the buyers do **not** get title insurance. They do their own searches. To save money? Yes, but mainly because they operate on a short fuse and title companies do not work fast enough. + +Auctions are typically 9:15 AM on the court house steps. The search needs to be done around 9:14AM. I exaggerate, but the auction buyers generally do their searches the afternoon before the auction. I would probably treat it as a two-person job and have a partner searcher at the recorders office while I was at the auction with both of us having mobile phones. They would call me if a new lien on the property in question were filed at the last minute. + +There is a clear analogy here to real estate investing, real estate brokerage, mortgage lending, and title insuring. It’s the old 80-20 rule. + +Real estate investors spend 80% of their time as apartment leasing agents and handymen—$20-an-hour work. But when all is said and done, they probably get 80% of their real estate investing profit from marketwide property appreciation over the holding period of the property. + +Mortgage businesses want to **originate** mortgages, but they have zero interest in holding them. You might think the profit in a mortgage is collecting the **interest**—analogous to the cash flow in a rental. No. + +The mortgage companies originate the mortgages and sell them ten seconds after you close to Wall Street companies who bundle them into GNMAs and such and sell them to Main Street investors. + +The **mortgage-servicing** companies to which you send your payments are probably another collection of $20-an-hour jobs. 80% of the profit in mortgage lending is in the origination—analogous to appreciation— and 20% in collecting interest and forwarding it to passive investors. + +Ditto brokerage. They will **manage a property** for you, but that service is a **loss leader** to get you to give them the **listing** when you sell. If that were not a possibility, they would get out of the property-management business. Brokers get 5% off the top when you buy or sell. 80% of their profit comes from closings; 20% from such chores as property management or showing properties. + +Same with title insurance. 80% of the profit comes from doing the **search** and closing on the sale of the title Insurance and 20% from the routine of receiving and paying the occasional rare claim. They treat the insurance as a **loss leader**. And they also have many laws that force people like lenders to use their services. + +So on the one hand I was surprised to learn that IBuyers actually buy and sell houses solely so they can get the counterparties in those deals to buy real estate closing services like commissions and title and mortgage origination. + +If the main thing you do is regarded as a loss leader by Wall Street sharpies, some stroking your chin and thinking hmmmm may be in order. + So, I was vaping herb and thinking about Cocaine Cra's amusing meltdown this morning. I was struck with a weed-pifany: HFs thought we were "losing interest". Remember the "losing interest" articles that we were laughing at? They thought we weren't buying. RC dribbled 3.5M shares onto the market without *anyone* knowing. We didn't know. HFs didn't know. But now we all know. And HFs know for sure that they're fucked. That's why Cra-Cra shit his diaper on TV this morning. I wonder if these HF fuckers are ready to turn on each other. + +edited for typo +I'm thinking about selling my house and using the profit ($60,000ish) to buy 2 houses so I can move into one and rent out the other one. + +My coworker said "so you're just going to put yourself in more debt and not be able to pay either off?" + +Wouldn't this be considered "good debt"? +I was amused by the freaking out occuring over the last couple of days. I'm sure a lot was joking, but a lot wasn't. + +Here is some perspective. The ASX; + +- Dropped 0.74% on Friday. +- Is up 0.56% for the week. +- Is up 0.40% since January. +- Is up 12.88% in the last 6 months. +- Is up 47.62% since March 2020. + +Now yes, you could pluck out other dates to show a negative story instead. I.e - We are down compared to 4 weeks ago, and still down vs Feb 2020. Sure. Me picking 23 March 2020 is probably a bit disingenuous. + +But my point: calm the fuck down over a couple of consecutive red days. If this genuinely concerns you then go do something else with your money because you don't have the stomach for it. + +Or - realise that you are you are trading/investing/gambling in an intensely competitive market place that will not always give you a win. + +Anyone who started trading in the last 12 months needs to remember that shares go up AND down. Shocking i know. The bull run from March 2020 to Jan 2021 was a freak. + +TLDR: Shares go down sometimes. Maybe even two or three days in a row. If Tom from Commsex keeps touching you in inappropriate places then maybe give the ol' T-2 a rest for a while. +Hello! I keep trying to explain to friends and family how if done right, you can minimise risk and maximise reward. I was explaining the S&P 500 index fund and how it is the least risky type of investment, and how over time it has gained over 100 years 7-8% adjusted with inflation. Now I know there is a risk, but it makes my blood boil when they say it's gambling just like the casino because it ain't. They obviously don't know much about it. My question to you guys, how do you respond in a way to show them it's not and that it's bad stigma from day traders and culture that makes em think this way? How do I explain in the most layman terms to them that an index fund in the S&P 500 is the least risky option when it comes to investing? Appreciate the support. +>U.S. oil prices plunged more than 25% on Monday on fears that worldwide storage will soon fill as the coronavirus pandemic continues to roil demand. + +>West Texas Intermediate for June delivery fell 27.4%, or $4.65, to trade at $12.29 per barrel, while international benchmark Brent crude traded 7.7% lower at $19.79 per barrel. Each contract is coming off its eighth week of losses in nine weeks. + +>... + +[Read full article on CNBC](https://www.cnbc.com/amp/2020/04/27/oil-news-crude-wti-brent-prices-today.html) +In the beginning Bingus created the heavens and the earth. There was darkness in the BSC, so Bingus said let there be light, and there was light. Green candles the size of stars were lit. + +Bingus then made the sky and the oceans, he filled them with creatures who became memes, but none were as cute as the supreme Bingus. + +On the 7th day (today) Bingus didn’t rest, because he isn’t lazy. He’s out there as cute as ever and working for his loyal followers. + +During the creation, Bingus made a garden where all memes could flourish. Two of his creations Grumpy Cat and Hoge lived here, but tempted by a red snake who took the form of a red candle, they became exhausted and left the garden to peruse a life of sin and temptation. + +Though Bingus was displeased he bestowed on the world the ability to save real animals, and not just memes. He gave us the power to give freely to charity when paying tributes to the Great Bingus. When giving him gifts of BNB his loyal followers would receive tokens of wealth, whilst he simultaneously gifted his accrued tributes to animal rescue charities. These charities became [thankful](https://twitter.com/forgottenanimal/status/1380265449049485322?s=28) for Bingus and his compassion. Though Bingus was grateful for the thanks he received he made it be know that he will always give, without need for praise, for he is Bingus. + +And thus is the creation story of the benign Bingus, the new saviour of our Kingdom of Crypto. Hallowed be thy name, give us profit to gain. + +[New shrine to Bingus: bingus.finance](https://bingus.finance/) **(New website)** + +[Charity Donation 1](https://imgur.com/GjMOBt5) **Wright-Way Animal Rescue** + +[Charity Donation 1](https://imgur.com/a/Evvmvah) **Forgotten Animals Rescue** + +[Discord](https://discord.com/invite/qKdZdd558F) + +Disclaimer: I’m Oryx, you can find me on the [Telegram](https://t.me/bingustoken2official). I’m part of the promotion group on the Bingus telegram and I do some low-effort memes (see post history). I’m personally involved in the project for two simple reasons, I love crypto and love animals. My long-term goal is to open an animal rescue, ideally with money I’ve made from crypto. + +If you want to buy Bingus tokens you can **trade** on pancakeswap by clicking [here](https://exchange.pancakeswap.finance/#/swap?outputCurrency=BNB&amp;amp;amp;amp;inputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +**Charts** are available [here](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8). + +You can also place a **Buy Limit Order** [here](http://bogged.finance/trade) + +r/bingus + +Bingus giveaway on **Twitter** [@BingusToken](https://twitter.com/BingusToken) + +There’s a 3% fee on pancakeswap. 1/3 goes to the charity pot, 1/3 to holders, and 1/3 gets burned. This helps out critters, raises the price, and gives back to all you lovely holders! It’s **win-win-win!** + +Market cap: ~$3M +UPDATE: 01:30GMT - $4.4M market cap +UPDATE: 12:00GMT - $5.7M market cap +In just under 24 hours we’ve nearly doubled the market cap. +>Master Edit- [Got the YouTube version working. Along with an in depth explanation on points that have been raised so far.](https://www.youtube.com/watch?v=z8eWbxXlPFw) +> +>Good Morning Everyone, I am so sorry to do this. But I shutdown last night due to the overwhelming response. I can't possibly reply to everyone! I wish I could, I will read every comment though and reply to direct questions where I can and where another ape hasn't answered for me. + +**TL;DR** + +I can prove GME has had 5.3 billion worth of SI conversions/FTD transfers occur since the start of the year, by use of divorced puts. + +**INTRO** + +Hello Motos, + +This has been a while in the making for what has turned out to be a relatively brief DD (by my standards). Before I dive into this, the DD is gonna be spilt into several parts. + +1. Explaining Divorced Puts +2. Methodology (explaining how I did it) +3. Raw data (not a full print out, just the overview) +4. Analysis +5. And links to the source data, proof I did the work etc. + +>If you like what I do, then check out [My Reddit Profile](https://www.reddit.com/user/MacAttack218), [My YouTube](https://www.youtube.com/channel/UCpSlTZQYldI_jRGTCdzCatg) and [My Twitter](https://twitter.com/TheKiltedTrader) for more. + +Also the videos/DD I am linking to is just DD I've done about divorced puts in the past, nothing is required reading/watching as I'll be explaining everything fully within this DD. + +**EXPLAINING DIVORCED PUTS** + +So I've explained Divorced puts until I'm blue in the face. And my old explanations still work. So here is a copy and paste, there is some slight editing as my understanding grows so does the way I explain them, the edits will be in bold (expect section titles of course). + +>**What is a divorced put?** +> +>Firstly it's a term I coined after arguing with someone over the semantics of a name. I kept saying married puts and then explaining the variation but I kept getting told "That's not a married put" as such since the variation is that different I'm calling them divorced puts. +> +>In a divorced put you need two parties. You need your OG shorter, who has **either** short sold shares in a company that they need to cover **or an outstanding fail to deliver position they need to close** but don't want to buy legit shares to do so with. Secondly you need a market maker (who is also very likely short on the same stock) who is willing to bend the rules a little and help out the OG shorter. +> +>The OG shorter buys either deep in the money, or deep out the money put contracts, equal to their short position, from the market maker for a date far in the future. +> +>Technically It doesn't need to be deep itm or otm puts but by choosing deep itm or otm puts they can be pretty confident they are buying and selling to each other due to the relatively low open interest. Likewise it doesn't need to be dated far in the future but the further in the future the Put contract is the less open interest it will have and the longer the OG shorter and market maker have to try and get the price of the stock in question down **(this applies more to SI conversions than FTD transfers)**. +> +>The market maker then naked shorts and sells the OG shorter shares equal to their short position. +> +>Again, you can't decide who you buy and sell to on the open market. However using a combination of naked shorting during low volume times and dark pool abuse you can be pretty confident of who the shares are going to if you coordinate. +> +>The OG shorter now has a short position, the equal amount of shares and put contracts worth the same amount of shares. The OG shorter then uses the shares given to close their short position just leaving them with the put contracts. +> +>The Market Maker also lets these naked shorts become fail to delivers. +> +>With this the short interest has been converted **or the fail to delivers have been transferred** into fail to delivers held by the other party. +> +>**Example of divorced puts.** +> +>I've always found shit easier when I can walk through an example. So I'll do that for you now, if you understood the above and aren't interested in an example just skip to the next bit. +> +>So OG Shorter has short sold 100,000 shares of company XYZ when it was valued at $100 a share. The price of XYZ has risen to $250 a share and is at a level where if the OG shorter was to cover they would be at a severe financial loss. As such they call in their Market Maker friend. +> +>The marker sells the OG shorter 1,000 put contracts at $5 strike, dated Jan 2022. The market maker also naked shorts 100,000 shares and sells them to OG Shorter. They then let their naked shorts become 100,000 fail to delivers. +> +>The OG shorter uses the 100,000 shares they were sold to cover and close their short position. They now only have 1,000 put contracts. +> +>From now and until Jan 2022, the market maker stays in a battle to continually reset the fail to delivers. Abusing the T+2 time line to ensure that the true figure of fail to delivers is never revealed. +> +>Come Jan 2022, and the puts are about to expire. Either they are exercised or they are not. If they are exercised they can become fail to delivers or are re-shorted on the OG shorters end, or if the puts aren't exercised the market maker keeps them and just tries to deal with the fail to delivers. +> +>**Why it can't be used to calculate synthetics.** +> +>As you see from the above when the puts expire, the fail to deliver aspect doesn't disappear and that share is still owed. +> +>So the 40.4 million GME shares that were represented in the July 16th divorced puts are still needing to be dealt with and covered but can't be included in today's numbers. +> +>**Auto/End of Day Execution** +> +>**Also, of important to this DD, I've since expanded my understanding and now see that you can have divorced puts used with auto or end of day execution. When they do this strike and Open interest doesn't matter, and more importantly doesn't register as OI, and all that matter is volume, they want it to be so overwhelmingly large that they can be 90%+ sure they know who they are selling to/buying from.** +> +>**Bonus points if they use darkpools to buy and sell the contracts (by darkpools I mean all ATS and non-ATS OTC exchanges).** +> +>**Working theory at the moment is this is more for FTD transfers or emergency SI conversions.** +> +>**P.S It also seems as if people aren't aware you can trade more than just share via darkpools, pretty much any finiacnial asset can be traded via darkpools (expect crypto by it's very design).** + +**METHODLOGY** + +So I've done plenty of DD in the past about divorced puts in regards to the open interest strikes. However no DD has been done on the daily volume puts and strikes. And with good reason. + +The only way to do it, would be to open each contract, relating to each strike, on each chain, and check every single one for every single date. And only a mad man, with no life would do that. + +So that's exactly what I did. + +Now that is an incredible claim, that I checked 1300 odd contracts, and checked the dates and volume on each of those contracts (for roughly 1.45 million individual data points). And as my dad always said, extraordinary claims require extraordinary proof. So I recorded myself checking every contract. You can find that here, there is nothing exciting in it unless you love spreadsheets and manual data entry. + +Next I had to choose how much daily volume for a contract would be considered unusual. This was a harder figure to nail down, but I eventually settled on 2,000 contracts for GME. The figure chosen was largely arbitrary and chosen to be safely above normal volume, and if 2,000 contracts is good enough u/DeepFuckingValue it's good enough for me. + +For reference I ended up with 1,200 data points chosen and selected as unusual out of a total of 1.45 million (or 0.08% of all data points). + +From there it was just a matter of going through the contracts. Slowly but surely. + +>**Limitations-** +> +>Every good study, research piece, briefing paper etc. acknowledges its limitations. I am no different. +> +>Firstly like I said, the number I picked for unusual was large and played to conservative estimates, meaning we have lost divorced puts that should probably be included but I'd rather focus on the ones that I am 100% sure on. +> +>Secondly, I do not have access to historical chains. I started this on Sept 15th meaning there are 34 weeks since the start of the first run up, where I don't have the data. So again, numbers are likely to be ALOT higher than they already are. And then are already ridiculous. +> +>Finally, I've had to pull this data manually, as I'm unaware of any automated services that do it, and my limited programming knowledge doesn't extend this far (if yours does DM me, as I have big ideas on how to extend this much MUCH further), with manual data entry comes the realistic expectations of manual data entry errors. I've done my best to review the numbers, and all the big standout numbers/dates are correct but smaller ones may have slipped me by. I'm only human. + +**CONTROL** + +So I showed this to a few wrinkle brains before posting. One made the excellent suggestion of having a control ticker to show that the volume of puts was abnormal. + +Initially we narrowed down four stock tickers Lyft, American Airlines, Dominoes, SoFi. All 4 had Market caps in between GME's and the movie stock's ($15b to $20b for reference) and shares outstanding that were large enough were a few contracts wouldn't be considered unusual. + +So when I went to check, all four were pointless to data pull on. Firstly they had nowhere near the amount of strikes GME did, and the lowest strikes were never as far out the money as GME's were. + +>When I saw nowhere near, I mean no where near. It took me 1 hour to review all 4, and then review Facebook and Apple. Where as it took me roughly 7 hours to do just GME. + +Secondly, they had super low Open interest compared to GME. + +Finally, they had no EoD/auto execute volume that was worth noting (the highest over all four tickers was 357 contracts for a 40 million outstanding. Which would be 800 ish for GME I.e. Well below our thresholds and only on one date. + +So I expanded my parameters and started including the big hitters in terms of Market Cap and outstanding shares of Apple and Facebook. Same deal, nothing notable or reportable. + +I plan on making a video to just show this later on, again it'll just be boring data entry video. + +**THE RAW DATA** + +[https://preview.redd.it/1we18hb5fgp71.png?width=1770&format=png&auto=webp&s=78f1b88bc441efb3fd8ab203a70e8cf5e4348b72](https://preview.redd.it/1we18hb5fgp71.png?width=1770&format=png&auto=webp&s=78f1b88bc441efb3fd8ab203a70e8cf5e4348b72) + +&#x200B; + +Since the start of the year GME has had 5.3 billion shares worth of divorced puts, showing that 5.3 billion shares have either been converted from Short Interest into fail to delivers. Or have been transferred from one holders fail to deliver position into another's. + +This is 69x it's current outstanding shares. + +**ANALYSIS** + +Both tickers show a frankly, unbelievable amount of fraud in them. We've always known this. + +We've proved this, time and time again, and this is another hand grenade in that fight. + +One thing that apply to both tickers is that we see a major increase in divorced puts during run-ups. That's to be expected as it will be the time when they want downward pressure and to have FTD clocks reset, and SI at it's lowest. + +GME's figures are heavily stacked in Jan, with one date alone Jan 27th (wonder what happened the next day) accounting for 36.8% of all it's divorced puts. Once we remove this date we see a lot more consistency in GME's numbers. With a few dates firing off here and there outwith GME run-ups. + +And this is just with the data that I have access to, those previous 34 weeks would have shown similar numbers. + +If we go into speculation territory and say that the Average weekly ( by expiry date, not date bought) is only half of what we've seen so far (which is conservative as we have 13 chains to pull from currently, and we have seen 34 go by, but let's play conservative) Then GME will have seen roughly 10 billion transfers/conversions this year alone. The number actually baffles. + +**Parting words** + +There is a lot, a crazy amount, of data here. I am looking at it from a divorced puts perspective. + +I will be referring to my spreadsheet regularly in upcoming DDs as and when I gain more knowledge for them, but I will give you a link to the spreadsheet below (using google drive, so it putters out let me know), try and find your own analysis and conclusions with this data. All I ask is to be tagged in the body of the text and first comment, as I want to see what else is found! + +I'm also going to try and maintain a weekly unusual option volume register. + +But I also have the recap, look ahead, DP/SV weeklies (plus a full time job, a life outside of Stonks, friends, family and my partner) so some weeks might have something giving if I'm short on time. + +**LINKS** + +[Link to source data, where I pulled all my data to.](https://docs.google.com/spreadsheets/d/1bUtNJBYOLTL8qhfq1iWqsFjr9fBS8X3f/edit?usp=sharing&ouid=104427728296208248062&rtpof=true&sd=true) + +Link to the proof of work video. + +[OG Divorced puts, excuse the TTS I wasn't as confident talking at that stage](https://www.youtube.com/watch?v=Tm_pvrFkYp0&t=5s) + +[Link to my Sept 16th Divorced Put update, deals with the OI.](https://www.youtube.com/watch?v=aCXBzHN6WRY&t=3s) + +[Update to the above video where thanks to u/bobsmith808 I started to cotton on to the idea of daily volume divorced puts](https://www.youtube.com/watch?v=9x1TLFMxiL0) +Think about who we are up against. These hedge fucks have been the embodiment of greed for YEARS. These assholes have been manipulating the market for so long just so they can get more money in their pockets for their next vacation home or new expensive car. + +Radio Shack? Toys R Us? Just two examples of the absolute selfishness of these fucking degenerates. Money has transformed these guys into the selfish, egotistical narcissists that they are. Because of them, our kids aren’t able to experience some of the businesses and experiences that we had and cherish for our life. GameStop was the last straw, they FUCKED UP trying to take that one out. I remember going to GameStop and waiting in line for the midnight release of the new CoD game. I remember when I’d go to the mall with my parents, I always wanted to go to GameStop and look at the games they had, maybe even buy one of their cheap used games that they provided. Oh, and not to mention the memes of “turning in a brand new PlayStation? I’ll give you $4 in-store credit and a bag of chips”. Even though it never made sense, you gotta admit it was pretty funny how it worked. + +And they tried to take that from me, from us as customers. Well tough fucking luck Ken and Friends, it’s not happening this time. + +Oh, and I can’t forget to mention the 2008 financial crisis. Yeah, the one where multiple fucking people lost their homes? Their jobs? Fucking everything. How could we forget about that? Personally, I was lucky enough to be in a stable family to where this didn’t affect us as much, but I’m here to fight for the people who it did affect. + +Do you want to continue to work paycheck to paycheck while letting these slimy fucks use loopholes in the market to help fund their [next million dollar mansion?](https://www.google.com/amp/s/therealdeal.com/2020/08/27/ken-griffin-is-approaching-1b-in-worldwide-luxury-real-estate/amp/) What fucking use do you even have for multiple mansions?? Do you want to continue to slave away hours just to get by, while these fucksticks continue to make millions in illegal money? (well it fucking should be at least, but clearly we’ve learned the government’s in on it too) + +Or, do you want to wrap these guys up by the balls and **squeeze** so tight that they fucking explode? This is yours, and all other apes, opportunity to fight back at the corruption that has been going on right under our noses for years. These hedge fucks think that their better than us, simply because they’re fucking sociopaths and aren’t afraid to push the limits and do anything just to get a quick buck. As the “average person”, we have MORALS. We are good people. + +But not now. They’ve pissed off the apes, and now they’re gonna see the aftermath. Give these cockbags a taste of their own medicine. Covering your initial investment? For these guys that’s the equivalent of giving you a fucking $5 bill and flipping the bird. These guys have money, and we have the choice to make them pay up. They HAVE to buy our shares at some point, there’s just no other way around it. + +So be selfish. Be greedy. Understand that the money is coming from the fucking shit eating parasites that are these HFs. Don’t fucking settle. Whether you’re an X, XX, XXX, or XXXX ape, I know you want to be a fucking millionaire. For the XXX and XXXX apes, be even greedier than you think you should be. This will a) ensure that X and XX apes can also become multimillionaires and b) make you even richer than you could have ever imagined you’ve been. As an X ape, trust me, these shares aren’t going anywhere until I see a fair price ($100mil to start maybe?), but I will need the help of the mini-whales to ensure that I have this power. + +Once you get the money, you can go back to having your morals again. Don’t forget where you started. Don’t let the money entrap you and make your life become the very thing you swore to destroy. You know why? Because the economy is going to be fucked once this all blows up. You’ve read the DD, you know the impending market crash, and how GME will be the lone survivor, the growing mountain surrounded by the valleys that grow deeper and deeper. So you will have your money, but many people will lose theirs. Understand one thing: + +**Whatever happens as a result of you buying and holding GME is not your fault. You’re simply a retail investor who liked the stock. It’s the HF’s fault for holding the US economy hostage simply because they’re finally losing at the game they’ve been playing for years.** + +Remember how I said to not forget where you came from? How you can go back to being humble once you have your money? Well, don’t just be humble. Give back!! Yes, you will pay a lot of money in taxes, but that money just goes to the US government in order to help rebuild the economy that these hedge fucks destroyed. After taxes though? Still give back! Help out the less fortunate. Help those who weren’t even a part of this shitty charade, but yet got hurt the most. Be a friendly ape! + +TL;DR: don’t give your shares up too easy. Be a greedy fuck, just like the ones you’re up against. Don’t settle for anything less than life changing money. And help rebuild the economy that the HFs destroyed once you get your tendies. + +**Not a financial advisor. This is not financial advice. I shat in my hand and threw it at the wall the other day, just to give you a taste of my intelligence. I like the stock** + +🚀🚀🚀🚀 +[https://www.news.com.au/finance/real-estate/selling/were-back-baby-stressed-auctioneer-says-market-is-settling-but-slams-bottom-feeders/news-story/c4e5feeb467ad84b21517c154fee0977](https://www.news.com.au/finance/real-estate/selling/were-back-baby-stressed-auctioneer-says-market-is-settling-but-slams-bottom-feeders/news-story/c4e5feeb467ad84b21517c154fee0977) + +But Mr Panos blasted “bottom feeders” offering 50 per cent of the value of the home, declaring that even when the market goes down, “it doesn’t mean a home halves in value”. + +Is this WMR 😂 +# 🚀🚀🚀 The Shell Game III – Lifting the Final Cups. + +[The Shell Game](https://imgur.com/wKBpPdI) + +#####In [Shell Game I] (https://www.reddit.com/r/Superstonk/comments/mvvmvp/time_to_expose_the_shell_game_ftds_can_be_reset/) and [Shell Game II](https://www.reddit.com/r/Superstonk/comments/mwnnmj/the_shell_game_revisited_how_etfs_work_and_what/) you have seen that I am convinced other well-supported DD theories (such as deep-ITM Calls) do not come close to dealing with the full FTD problem that exists in the system. As I detailed in Shell Game II, ETFs containing GME featured extremely bizarre FTD data, much like our favorite stock, GME. How is this possible? + + +#🚀In my mission to continue to deconstruct months of inaccuracies regarding FTDs, I will state plainly: + +* ##A FAILURE TO DELIVER IS A NAKED SHORT POSITION AT THE TIME OF THE OCCURRENCE OF THE FTD. + +* ##1 FTD = 1 SHORT POSITION THAT NEEDS TO BE COVERED. + +#🚀 The following definitively points to why this is the correct line of thinking: + +Since I am a huge advocate of open-source data and the need for transparency in our financial institutions so we can have truly free and fair markets, I am going to link a paper that will describe the GME FTD problem better than I ever could. I implore every ape who is invested into GameStop to take the 30 minutes it takes to read this paper, and really **READ THE PAPER – YOU’LL THANK ME LATER**: + +#####Brooks, Robert, and Clay M Moffett. The Naked Truth: Examining Prevailing Practices in Short Sales and the Resultant Voter Disenfranchisement, The Journal of Trading, Aug. 2008, https://csbweb01.uncw.edu/people/moffettc/about/Research%20Papers/IIJ-JOT-BROOKS.pdf + +As you can see, it is rather simple to create phantom shares during the ETF Redemption/Creation process. **And the ones that solely hold the keys to this practice are the MMs/Authorized Participants who manage GME ETF funds.** + +Also, I want to bring special attention to PAGE 10, where we see a chain of pledges of 100 shares loaned out on promise after promise after promise. This is known in the GME ape community as “hypothecation”. To the DTC, these are “Pledged Shares” as described DTC-2021-005 that is still missing from their website due to “technical language”. https://www.dtcc.com/legal/sec-rule-filings. I have previously written my thoughts on what the 005 meant at the time, so seeing it displayed on Page 10 was quite exciting. [Click here to read that paper for a better understanding of what hypothecation means.](https://docs.google.com/document/d/1Pw4LqHrFmcd-tC6VZIkrjIxkXOF0741bD6KYVTHXRZk/edit) + +#🚀 GME FTDs are the catalyst that will move the market. + +You read it right. [The FTDs on GME are so significant, that the market will LURCH the moment we begin lift off.](https://www.reddit.com/r/GME/comments/m6mje0/gme_beta_from_bloomberg_and_ownership_update/) + +[Click me: GME’s FTDs are completely out-of-whack compared to the rest of the market on a ridiculous scale.](https://imgur.com/7bVduJu) + +[Click me too!: If you add in the GME FTDs + the ETFs that also have GME and put them on a log scale (like the COVID curve data from last year, remember my little ape?), you see that the GME and its associated ETFs have 100x – 1000x more FTDs than the average noise of the market. THIS IS INSANE. BLACK SWAN AS BLACK SWAN GETS.](https://imgur.com/weTaZXz) + +Therefore, if we apply this new knowledge that **EVERY FTD = A NAKED SHORT POSITION** to GME today, the picture becomes very clear. Every red line on the graph above correlates directly with the volume of open short positions around that date in time. Repeating this for the apes in the back. **THEY MUST COVER EVERY FTD WITH A SETTLED SHARE BECAUSE EVERY FTD IS A NAKED SHORT GENERATED THROUGH OPERATIONAL SHORTING.** There is absolutely **ZERO CHANCE** that any meaningful covering has occurred, and that the severity of the problem is so significant, and so plainly out in the open, **that conclusion must be near.** + +With operational shorting being a function that comes from Authorized Participants, I can conclusively state that ETF FTDs show the underlying are being shorted and that they are linked. [It is time to start looking at this problem AS THE PROBLEM.](https://imgur.com/ZFmsiTu) + +#🚀 It is time, Authorized Participant. + +I am going to go out on a limb here and speak to the Authorized Participant directly: +I have clearly been able to demonstrate that the apes have the capability of seeing your Shell Game for what it is. With the SEC expecting all FPL programs to have concluded last Thursday, I imagine you are staring at a new fat 100%, or maybe already 200%, collateral obligation for opening of trading tomorrow (how many of your Calls/Puts expired out of the money AGAIN?).[Can you really survive another day without doubling the % on your obligations?](https://imgur.com/2X5VvFl). **Tick. Tock.** + +Are you going to continue the farce, or will you finally allow the American markets to be free and release your puts? The bag does not have to rest on your shoulders. I have barely touched on the potential pitfall that is the ETF Derivative market that you have us leveraged against. But the longer this goes, the more I will continue to learn, digest, and then spit back out until everyone sees this for what it is. **People will start to literally believe that $420,690,000 is the floor once that information comes out.** Think you can delta hedge your way to that #? + +[It is time to cover, Authorized Participant. Do not make the same mistake of those from 2008. Have courage to do the right thing.](https://imgur.com/d6TpIP4) + +Forecast: **Frothy.** + +Moon Soon. +I was thinking about investing in some property overseas and even here in the US. I would like to know which would be a good option especially where I want to invest overseas, now is the good time to purchase or look at property to buy. + +I thought of purchasing the land and then building it but then I see what they do in HGTV is that they buy a really old property or a run down property and then renovate it. Then where I want to buy property overseas they already have many apartments and houses being built. The only issue with those is that they are not really my style. +I've been seeing people talk about what $10k and $100k would mean to them. This has to be FUD, we haven't thought of those numbers in forever and you'd be absolutely dumb to sell for that low (in my non financial advice opinion). + +What ape here ever thought of those numbers recently? Should be about 0 of us, it's insulting people even reference these numbers. We've come too damn far. I'm not in this just for me, I'm in it for my family, for you, and your family. $25mil is the floor, anything under XXmil is FUD. +Every GME investor needs to understand this and the gravity of the GameStop situation and how rare it is and understand that it will never happen again. The following events happened in perfect timing and sequence for GME to be where it is today: + +- Multi years naked shorting by criminal hedge funds and market makers pushing the real SI to probably 1000% +- Retail investors catching the wind of it starting to buy it at the lowest point ($3) because they still saw more value and confidence in future at the time (even before web3 play) +- DFV becoming a star retail investor of GME and able to attract a large audience with his social media +- Pro retail activist investor RC taking over the company and putting his money where his mouth is +- Retail continuing to buy more convinced by above and SI thesis +- Retail not selling much through the gamma squeeze despite wallstreet crooks removing buy button which made the stock plummet; in fact many continued to buy more +- DFV quadrupling down after gov hearing like a champ further bolstering confidence of retail +- Retail investors finding its own community online to discuss the stock which still continues w/o being shut down +- Due to pandemic, 100,000 retail investors had substantial amounts of extra time on their hands to do intense research into the flaws and corruption in the market (thanks millertime) +- GME raising enough capital for future w/o diluting the stock much and letting shorts get off easy (sorry popcorn apes) +- Company turning around and breaking the trend of 4 years of consecutive revenue decline with a revenue increase in 2021 +- Individual investors digging out every financial and macro data related to GME and posting DDs of market manipulation that are peer reviewed and discussed +- Retail investors not only surviving but thriving through the heavy wallstreet and corporate media anti-GME propaganda +- Retail getting in touch with various crusaders against wallstreet corruption and finding the kryptonite of wallstreet that is Direct Registering shares for true ownership via Dr T +- Only a small part of retail holders DRSing a staggering 30% of all company shares that is unprecedented and continue to DRS with goal of locking the float +- GameStop getting into NFTs and web3 space which is the obvious future that is accepted now by many even outside the echo chambers thanks to all fraud CEXes collapsing + +All the above low probability events happened in perfect chronology and timing. If you know anything about probability the combined probability of all is much much lower as it gets multiplied. That truly puts GME once in a lifetime category. This is the only chance retail has to destroy corrupt wallstreet elites and restore justice. If GME needs some more time and capital via more new share offering I will happily buy them up because the future is too compelling. Everyone needs to understand how rare the situation is, specially newer investors. +I'm 19 years old, after taking a year off from school I decided not to go. Honestly I need to move out asap, my mom, grandmother, and I live in a 2 bedroom apartment that has a roach infestation. (My mother owns the apartment). + +My mom doesn't want me to go, but honestly I can't take it anymore. The roaches are getting to me, they're all over the kitchen and slowly spreading towards my bedroom. I've been stressing like crazy, I don't want to eat, I don't want to be at home, I have no social life, I couldn't even hope to get into a relationship as the bottom feeder I am atm. + +&#x200B; + +My mom wanted me to go to college but I'm already pinching pennies as is. I pay the internet bill, and for my own food atm. I think I'd probably kill myself If I had to live here for another 3 years while I payed off student loans, worked and went to school. + +&#x200B; + +As of right now I'm making around 2-300/week, and spend 100+20/month for internet and gym membership. I do my own cooking and rarely eat out. I spend prob around 2-400 a month on food, closer to 250 if I'm anal about spending. + +I'm looking for a full time night shift job atm that I could do in addition to my current grocery store job. My mom and I share a car atm, she works from 6am-4pm weekdays, So i usually go to work when she comes back, that is also the reason I am looking for a night shift job. If I can get enough consistent income to take out a cheap car loan I'd feel capable of moving out. + +Honestly I've wasted too much money on weed in the past, I'm willing to admit it. I also don't want to spend money on weed until I'm in a comfortable position. + +My short term goals are, Get a full time night shift job, Take out a car loan, rent a cheap apartment. I've been looking near where I live atm and studios are cheapest 700, some two bedrooms are 1000, so If i got a roomate that would be around 500. + +&#x200B; + +If i can achieve those 3 goals I'll be in a much better place mentally. My mental health is not in the best spot rn, I've had my highs and lows, but I haven't felt this down in a while. All I want is my own apartment, car, and a steady job. That way I can feel less socially restricted, and use my free time to date and pursue my side hustle. + +&#x200B; + +ps. Dont have a credit card only debit. I use capital one + +TLDR; want to move out. 1K savings, Not going to school, no car, only part time job, make roughly 300/week. Please help. +I deposited a 4K check(half was going to pay off one of their credit cards) and I get this 15 day hold bull shit at the register. They said to call in 48 hours to see if I can get it resolved so I try and it’s like a 20 minute hold time apparently. It’s like these banks find every nook and cranny to pvss you off. + +Update: got my funds by calling in. These mofos would’ve legitimately held on to my money if I didn’t call them. +Charitas - The Crypto Built for Charity - has and always will be one of the greatest long-term prospects in crypto. The team is fully doxxed on their website (you can check out the new creative directors there) and they really treat their currency like it’s a startup. They are fully transparent and hard working, and have worked with a vast list of influencers, celebrities, NFT artists and even have begun to partner with other large charity cryptocurrencies. The likes of Rory MacDonald, David Bianchi, Laurence Fuller, @RunandLift (instagram) all endorse and support Charitas. Charitas has donated over 40 thousand dollars in a very short time and continues to grow. They are going through a large rebrand at the moment and once completed, they will ramp up marketing X10. This would be a great entry price for a long-term hold as a couple presale flipping whales just exited. If you are looking for an actual token that isn’t a meme pump and dump, you have found your gem 💎. + +🗳 A new donation has just went out to Action Against Hunger. This global organization serves more than 20 million people per year and aims to end life-threatening hunger for good within our lifetimes. Out of the $114,000,000 of revenue in 2019, 93% went to program services. 🗳 + +Below is a small blurb about the new creative directors who have just joined the team. + +👀 “David and Aaron have been making breakthrough creative campaigns for over 12 years, at well-known New York ad agencies that include R/GA, Ogilvy, and 360i, for clients such as Samsung, Google, Oreo, Hanes, Verizon, NASCAR, IBM, and Oscar Mayer. Whether it’s a viral social activation or high-budget Super Bowl commercial, all their work is designed to break into culture and incite consumer passions. Their campaigns have won over 100 industry awards and been featured by dozens of high-profile press, including The New York Times, USA Today, Good Morning America, GQ, Rolling Stone, CNN, ABC News, Wired, Forbes, and many others. Most recently, Aaron and Dave led Verizon’s digital and social work at R/GA, where they built a 5G Super Bowl stadium in Fortnite for gamers and football fans. Currently, they’re founding a new ad agency in Brooklyn, Public Display of Affection (PDA), to continue making famous campaigns for courageous clients.” 👀 + +🖥 Check out their team page - https://charitas.fund/our-team.html + +🦅 Check out their Twitter - https://twitter.com/CharitasFund +The Daily discussion as its current state is a total mess. New altcoins appear literally almost everyday and it's absolutely insane to put all the discussion about them to the same daily thread. Actually I think it's not even allowed to talk about them if it's not related to Ethereum in any way, but I think banning isn't the best option. + +Many people have suggested a separate thread just for altcoins, to clean up the clutter. Doesn't really sound that bad to me. It would make the reading and discussing so much more enjoyable. +For me, it was my dad. He was a former investment banker turned independent day trader after he retired. When he passed away, I was cleaning out his electronic devices, found his strategies he had in various documents. Being a programmer, I thought "surely these can be automated." After a couple years of part time tweaking, backtesting, and paper trading, I deployed my dad's strategies. Making moderate returns, but no huge losses. + +What's your story? +His tweet, mere minutes ago: + +"Ask not what your company can do for you - ask what you can do for your company" + +Now, keep this in mind while you read this section from the latest Gamestop official news site on the stock split (and them describing exactly what happened) : + +"We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares. + +(source: https://news.gamestop.com/stock-split/?) + +Guys. + +GUYS! + +Ryan is practically *yelling* at us! + +Contact your brokers! Ask them what is going on, be respectful and kind to the people on the phone, but make them aware of what is happening. Ask them about how they handled the splividend. Ask them about where your shares are, should you have a'y issues whatsoever. Call them, email them, just contact them! + +And moreover, DRS your shares!! The news article even specifically mentions how DRS'ing your shares could have had an impact on your broker's distribution of shares. + +My fellow smooth brains, Ryan is asking every single investor a very simple question: + +What can you, yes YOU, do right now to help out the company you're invested in? Ask yourself? + +And you know what? This company *told you*: +1) Contact any brokers that have issues with GME shares, make them aware of the situation. + +2) Highlight and remember where the mistake most likely lies (the DTC per the GME news website) + +3) DRS your shares! +I posted this comment earlier in the thread of the guy who transferred out of Wealthsimple to TD u/Outrageous-Garbage99. This is a little tinfoil but hear me out on this one. For those who haven’t seen it when it transferred his average “cost” was $3653.56 a share. Meaning the transfer cost Wealthsimple $3653.56 to find the real shares and send them to TD. + +Let’s say that these institutions actually know how many shares there are currently in circulation and they base their “price” on the actual float (with all the synthetics that are currently in circulation). A simple ratio would suggest that there are 1.719 BILLION shares in circulation (158x=3653*74,380,000 [float noted on TOS]). + +The shares are so diluted that they are showing $158 per share for 1.719 billion shares but even without the squeeze they are worth $3653.56 per share right now. I honestly think that this is actually plausible. They have had to suppress the price by just printing shares to save their asses. We have all seen the DD that shows Germany owns the float, Sweden owns the float, Canada owns the float, USA owns multiple floats etc. I am sure this is going to be downvoted to hell. But I thought I might offer my tinfoil up to be denigrated and chastised for those with a few more wrinkles. + +TLDR: I think we own the float so many times over they are more fucked than we think they are. 1.7 billion shares based on transfer pricing. NFT is really gonna hurt Kenny and crew. Like u/RickofSpades hurt that banana. That banana will never recover…….coming for you Kenny et al. +I am not a financial advisor. I am merely a stats loving engineer that is probably on the autistic level of number crunching and pattern recognition. There are my thoughts. + +# History Repeating Itself + +Back in the first week of July, I posted this [data analysis](https://www.reddit.com/r/Superstonk/comments/of6vdw/data_analysis_comparing_march_and_junes_data_to/) comparing the candlestick measurements directly against each other a one to one day setting. the primary image from that post was this: + +[March \/ April versus June \/ July](https://preview.redd.it/snhqrs23hfg71.png?width=1263&format=png&auto=webp&s=eea73a645b8c9a5cee465afecf2d2f85c2a6b015) + +[March \/ April versus June \/ July Close Up Overlay 1](https://preview.redd.it/xgrvzg65hfg71.png?width=817&format=png&auto=webp&s=a00f4835c38933b1c12b18ecafc13b746eee5413) + +[March \/ April versus June \/ July Close Up Overlay 2](https://preview.redd.it/web3nh06hfg71.png?width=786&format=png&auto=webp&s=88cc955c99a52f8e7cb33fddec607cdda18498d0) + +With the overlay theory we now come to this image: + +[Current 1:1 Ratio](https://preview.redd.it/upbhf1kngfg71.png?width=869&format=png&auto=webp&s=44ec22cb61469a9f762a1523bbb30be7cc711740) + +[Current Close Up 1:1 Ratio with Top of Candlestick Matching](https://preview.redd.it/p1kx8o4chfg71.png?width=810&format=png&auto=webp&s=bcfa6243485c1783c2121cf3b4ae38b86683d978) + +# A more sophisticated look + +With this initial findings, I eventually wrote up this [DD](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/?utm_source=share&utm_medium=web2x&context=3) detailing the repetition of the shorting algorithm behaviors. + +[90 Day Climb](https://preview.redd.it/zoejjgslhfg71.png?width=1266&format=png&auto=webp&s=a8700274d9bd47923d9153bbe6b50b93e964ad82) + +# Necessary definition of shit + +When I use the term algorithm, I mean this: Imagine a black box. Within that black box is a bunch of calculations that is going on. A fuck ton of shit is happening, however, that shit box contents do not matter because it only spits out a single answer. This single answer is the only behavior that matters. This is similar to like a bunch of kids in a giant fucking coat. It doesn't matter how many of those little fuckers are in that coat because to the cartoon adult, it only looks like 1 person. + +# Back to the crystal ball + +With this 90 day pattern in mind, many people were doubtful due to how only a few cycles were shown. Thus, to prove the extent of tomfuckery that was occurring, I went ahead and wrote this [DD](https://www.reddit.com/r/Superstonk/comments/owlg3z/the_algorithm_has_been_doing_this_shit_for_years/?utm_source=share&utm_medium=web2x&context=3) to show how this behavior has been going on since at least 2012. This has been so ridiculously overpowering that even the days where the most volume and volatility occurred were even repeating. Those dates are as shown: + +&#x200B; + +[Dates of Most Change in Overnight Behavior and Volume](https://preview.redd.it/0rzc23qkifg71.png?width=359&format=png&auto=webp&s=6033499fde04c1c13111d09f5277656ff206f7e4) + +[Net Days Between the Most Change in Overnight Behavior and Volume](https://preview.redd.it/oclfrznmifg71.png?width=363&format=png&auto=webp&s=de0779e81c654c101897f741809e84a4d64746f3) + +Here is what those days look like with their associated share price and volume. The red dots present those dates. The closing share price is on the top while the volume of those days are on the bottom + +[GME Share Price and Volume](https://preview.redd.it/kf3nr9nuifg71.png?width=624&format=png&auto=webp&s=7c4de594009b01bd2b51289c13aa7c59414f3ff4) + +&#x200B; + +[With different Color Palette 1](https://preview.redd.it/lgfcqpqf8jg71.png?width=1344&format=png&auto=webp&s=4729494b235691368d77940164d6e3b129a77493) + +&#x200B; + +[With different Color Palette 2](https://preview.redd.it/ejpa399i8jg71.png?width=1347&format=png&auto=webp&s=20834be167845b53044756d48d0bbd0952998767) + +&#x200B; + +[With different Color Palette 3](https://preview.redd.it/4zphvmhp8jg71.png?width=1357&format=png&auto=webp&s=021ced1a2677aa1e95c3908fb87e556da92a9e41) + +# Let's Combine These Fuckers! + +If we continue to use the greatest overnight as our origin date, we come to the following associated date for 2021: + +[Inclusion of 2021 Greatest Overnight Change](https://preview.redd.it/7uepn946kfg71.png?width=370&format=png&auto=webp&s=cdcda7a05d6068cca946ae80121fd31306d0bc2e) + +&#x200B; + +[Net Days Between Dates with Greatest Overnight Change](https://preview.redd.it/k6w71riakfg71.png?width=362&format=png&auto=webp&s=a862639f4ad2a27103f4a0da85d79453746520ec) + +# Because Everyone Loves Dates + +If this sequence is 1:1, the next greatest overnight change will occur on August 19 / 20. From the cyclical dates using previous history, the current dats seem to resemble those from 2019. Thus, it would appear as if the greatest overnight change will occur on August 23 since the August 22 is over the weekend. + +# In Conclusion + +Both the 90 days cycle theory and the repeating cycle theory support how the greatest run up will occur around the same time frame of 3rd to 4th week of August. + +# Thoughts + +MOASS has the potential to occur a few days after these dates with the greatest amount of volatility. There is no certainty this will occur since no one can see into the future. Personally, I think some shit is going to go down because the overall daily range of high / low and open / close keeps on getting smaller. We currently are definitely in the initial run ups as we have seen over and over again for almost a decade if not longer. Hold onto you tendies. Keep your hands diamond, your balls titanium, and your buttholes clenched for the next few weeks. I'll see you on the moon, apestronauts. + +Edit 1: + +[GME Price History](https://finance.yahoo.com/quote/GME/history?period1=1013558400&period2=1627603200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true) + +[tweet](https://twitter.com/pwnwtfbbq/status/1424903387762495495?s=20) + +Edit 2: + +Added GME share price graphs and volume with different color pallets +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. +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! + +I’ve only been in here since the bull market. I’ve only ever wheeled, selling close OTM cash secured puts and wheeling if assigned. I usually have no problem with being assigned, but right now with all the recent red I’m not so sure. So what are usually wise plays during red streaks? +For over a year, she has politely indulged me in all my GameStop tinfoilery, not really understanding a word I've said other than "Stonk market go down, GME go up *bigly.*" She doesn't quite believe in my Bad Comedy Jokes, but she does believe in *me*. She watched as I confidently dumped nearly every paycheck into GME, as I pulled my shares from Wall Street; I smiled and laughed any time I told her how much lower the price had fallen. + +Back in May 2021, I told her I think there will be a stock market crash followed by a recession. This is a conclusion I reached independently, and that research is what brought me to SuperStonk (y'all speakin' my Changuage). The last couple months clearly has her thinking twice about my hypothesis. When the price fell to $100 this year, she finally decided to buy her first couple shares. + +Today, I turned on the stock market episode of "The Problem With Jon Stewart," and then I left the room and started getting ready for work. I wasn't sure whether she would pay attention, or just fuck around on her phone instead. + +When I checked in 30 minutes later, **she was** ***dialed in*** **to the program.** + +Jon was repeating the same shit I have been trying to tell her for a year, breathing life and legitimacy into it. He made it entertaining and palatable. He kept referencing the "apes" with love and excitement in his voice, the same way I talk about you guys. + +"If it's really this bad, why aren't people charging Wall Street?" She asks. + +"Wait for the Gary Gensler interview. Basically, they have so much wealth, they can lobby the government to do whatever they want... Most people simply don't understand how entirely rigged the market is." + +*Dave Lauer gets his final comment in.* "That's our guy, Dave Lauer," I say proudly. "He engages with us regularly on SuperStonk. When this is all said and done, we want him to head the SEC. We're submitting public comments on litigation and fighting to reform the market. *This* is how we charge Wall Street." + +"You might be right about all this," Mama Ape says. "What's the price right now? I wanna buy more shares this week..." + +https://preview.redd.it/nggy24v8hio81.png?width=700&format=png&auto=webp&s=8cc86642d463f5981b1944a3602d440a714e6b7e + +Thank you, Jon, for helping my mother across the finish line, completing her transition to Apehood. Mama Ape is retiring next year. She will receive a large financial windfall upon retirement... + +Thank you, Ken, for delaying the rocket long enough to bring my loved ones aboard. Keep this up for another year, I dare you--in fact, I'm begging you. My household will multiply its position 10x over and DRS every fucking share. + +No cell, no sell tbh 🏴‍☠️🦍 +I think the title says enough. +I bring my kids to the playground for good free fun in the sun... Everyone is really happy and having a great time -And then I hear that dreadful music and I know what's coming. Screaming and crying. +It doesn't matter if we have freeze pops at home or if I propose going to the store on the way home and let them pick the ice cream... The day is pretty much ruined and all the fun that has been had is down the drain. +I would consider splurging sometimes - but the local trucks always always have only $5+ options... For an unhealthy treat that might not even taste good and could very likely end up on the ground. Yay +It’s best not to use a debit card at all, if you can help it. + +Card readers grab data off a credit or debit card’s magnetic strip without your knowledge, with some pump skimming devices being capable of stealing debit card PINs as well. It’s a good idea to avoid paying with a debit card at the pump. Armed with your PIN and debit card data, thieves can clone the card and pull money out of your account at an ATM. + +That’s one reason, generally, why security and fraud experts recommend paying with a credit card over a debit card: If you use a credit card, you’re not actually spending your money, and you’re protected by your issuer’s zero-liability policy. When your debit card transactions are approved, the money is taken out of your account then and there. If a fraudster took the funds, you then have to wait for their recovery and return, which could take days or weeks. Credit cards can also potentially earn you rewards on gas purchases, depending on which one you use. + +Some newer pumps may include more mobile payment options like Apple Pay, Samsung Pay or Android Pay, which don’t require the customer to share credit or debit information with the station at all. If you use a mobile payment service that’s enabled at a gas station your frequent, opt for that payment method over your card. In general, newer pumps are going to be more secure for payments than older pumps. + +[https://twocents.lifehacker.com/dont-use-a-debit-card-at-the-gas-pump-1832796443](https://twocents.lifehacker.com/dont-use-a-debit-card-at-the-gas-pump-1832796443) + +Edit: BIG misunderstanding here. Both debit and credit cards in the US have chips which are more secure against skimming. However, many if not most gas pumps around the US have not been updated with the modern chip readers and therefore people who pay with a card at the dated pumps only have the option to slide their card through the reader. This makes both credit and debit cards susceptible to skimming. Credit cards are not immune from skimming. Credit cards are more protective against the effects of fraudulent charges on your account. +i need financing advice + +to keep this short, i have 2M liquid across a couple different mutual funds. + +i am looking to diversify into real estate with around 1M of this as i see opportunities in my neighborhood and have prior landlord experience. + +problem is, i no longer have W2 income after having FIRE’d, but i still need financing. + +i would like to buy 10 single family houses in the 400-500k range in upscale neighborhoods, with a 20% down payment on each, bringing my total investment to around 1M in equity. + +is this possible without W2 income? i have looked into asset depletion mortgages but under those guidelines i would only qualify for loans on 2-3 single families instead of the 10 single families that i would like. + +and before someone comments “but dude it’s gonna be so much work, you’re better with just 3 anyway, you’ll find out if you like landlording” + +1. i like being a landlord, i have been one before + +2. i have plenty of free time, 10 single families would not be a problem for me + +any help is appreciated + This is the official $GME Megathread for [r/Superstonk](https://www.reddit.com/r/Superstonk/). Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) + +on how to get it. + +[announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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I apologize if this is a stupid question: + +When a call is in-the-money, an increase of $1 in the stock should add $100 in intrinsic value to the option. However, the deltas of ITM calls are usually less than 100, which means the option's value will rise by less than $100. The only reason this could happen is that the extrinsic value of the call falls a bit while the intrinsic value rises by $100, leading to a net gain of less than $100 in the value of the option. + +Am I right in right in thinking this? Is this also why deep ITM options have such less extrinsic value? +This is a small side project I've been working on that scans Reddit for coin mentions and shows you what people are saying. I already posted this in r/CryptoCurrency but have since made some improvements. + +http://bitreddit.com + +NOTE: This is best viewed on desktop, or on landscape mobile due to my shitty use of the highcharts. **Make sure you actually click on one of the coins as some people got confused last time** + +NOTE2: Certain coins have issue with price capture such as MIOTA. I'm working on a fix for this! +Hey guys , put an offer on a house and got the building and pest inspection done. We pulled out due to the repairs needed to the foundation ($50k +) and the fact that the vendor wouldn't budge on price. The real estate agent is under the impression that the house will sell very easily to anyone else for the same original price. Will buyers actually not care about major defects on a house? + +I feel we made the right decision pulling out but it just seems like people are willing to pay top dollar for houses that are flaking apart. Seems crazy to me + +*Western Sydney Market +I've been dating a girl for about a year, and she recently confided in me that although our dates are always fun and she thinks I'm quite charming, she worries that I can't always afford them. I'm actually quite successful and have a relatively high net worth, but she said she's noticed me carefully consider purchases (even smaller ones) and so on. I am definitely quite frugal by nature, I grew up poor - my family doesn't have any money and I worked menial jobs to pay my way through college. Those frugal habits are hard to shake, although they've served me well for my FI/RE ambitions 😁 + +&#x200B; + +I told her not to worry and that I'm quite comfortable, but I'm worried she will feel deceived if she sees the actual figures. WDYT I should do? +Let's say I have just over 50L to invest and I'm looking for a wealth manager to invest it for me - what are the things that I should keep in mind? + +1) Am I even big enough for wealth managers to care about me? Or will I end up being a footnote in their excels? + +2) What parameters should I use to evaluate wealth managers? + +3) Any recommendations? + +(As for my motivation - I simply don't have the time to manage this money, I need someone who can consistently grow it with limited intervention from my end. I want to focus on bringing capital in while someone else does the growing part.) +After a shitpost about a document storage warehouse burning down earlier today, I received a message from someone who dug a little deeper and discovered something interesting. I know, tinfoil, etc., but you have to admit it's interesting considering all of the other "coincidences" we've witnessed. + +FYI after receiving the message I verified the claims myself. Both forms have [the actual company name](https://www.accesscorp.com/location/illinois/chicago/) and [address of the facility](https://goo.gl/maps/3HbpRw3xfYJhzAga9) [that burned down outside Chicago today](https://abc7chicago.com/bartlett-fire-today-access-il/11536086/). + +Here's the message: + +*from* u/2600_yay*:* + +*Hi apocalysque,* + +*Low-karma apette here who can't post in Superstonk. (I'm only a few hundred points away though! Soon!)* + +*I was searching the address string of the warehouse that you mentioned - the one that is currently on fire - and it turns out that there are some SEC reports that list the warehouse address as the home of the files of one "JMG FINANCIAL GROUP LTD": (Look under the section that reads "SECTION 1.L. Location of Books and Records" )* [*https://reports.adviserinfo.sec.gov/reports/ADV/110302/PDF/110302.pdf*](https://reports.adviserinfo.sec.gov/reports/ADV/110302/PDF/110302.pdf) + +*TDAmeritrade's records are there as well:* [*https://reports.adviserinfo.sec.gov/reports/ADV/7870/PDF/7870.pdf*](https://reports.adviserinfo.sec.gov/reports/ADV/7870/PDF/7870.pdf) + +*Hope that helps! If when you post you want to mention me and people could upvote me so that I could finally post in Superstonk that would be rad :)* + +*Cheers! 2600\_yay* + +Here's the proof in pics for those who don't want to click the links: + +[JMG Financial Group Form ADV](https://preview.redd.it/5fe87zbv3rf81.png?width=750&format=png&auto=webp&s=2a2dd512ed719b1a12c1cfb6166e295f4e79f82a) + +[Location of books and records](https://preview.redd.it/k0s74bky3rf81.png?width=839&format=png&auto=webp&s=400c6f5de8cd5103615028a89f2e387e958122cb) + +[TD Ameritrade Form ADV](https://preview.redd.it/7b85qw774rf81.png?width=619&format=png&auto=webp&s=963e8339a64259f496368fbd0823f7fdf5e24f85) + +[TD Ameritrade records also kept there](https://preview.redd.it/la7cvuzc4rf81.png?width=619&format=png&auto=webp&s=6ca260e3fef03ec09016471c7b0d7bc4823faed7) + +Edit: someone supposedly knows someone else who works there and says it was an accident: https://www.reddit.com/r/ChicagoSuburbs/comments/sjz53n/in_bartlett_illinois_today/hvpcf4p/ +Half question, half rant, so I apologize if it leans too far into rant. :) I promise I am genuinely curious. + +&#x200B; + +I'm a 28 Y/O, unmarried male, no children, only debt is some low-interest student loans I've been paying down (started at 40k, currently at 17k). I've been living / working in NYC for the past 4 years since graduating college. For the first 3 years I was making $90k and now I am making $140k. NYC is a very HCOL area but I think I'm doing pretty well for my age. + +&#x200B; + +This entire time I have been trying to do all the "right" things, contributing to 401k (no employer match), saving as much of my pay cheque as I can, etc. I have about 35k in tax advantaged accounts (401k + ira), and I have 35k in liquid cash in my savings account (emergency fund. $1900/mo rent + $650/mo loan payments + general COL expenses (food, phone, internet, etc) I aimed for a generous 6/mo buffer). + +&#x200B; + +So I'm barely scratching 70k living in a crappy apartment and with a high-paying job, and I'm seeing tons of people posting on this sub around my same age / a little older, pushing $1MM+ in NW! hell even 500k is impressive to me. + +&#x200B; + +Wont lie, I am quite jealous, but more than jealousy I would love to learn how I can DO that. How do people get such high NW so early in life?? Even if I was putting all my spare cash into the market I'd be nowhere close to that NW..... How do people gain wealth so rapidly (vs over a 30+yr timeline or something)?? +Im trying something new. + +Instead of SAVING as the goal.... my new goal is to not buy things I do not need. + +I started with simply RETURNING all of the dumb shit I did not need or use. Or bought thinking I might need or use something... that turns out... I neither needed nor used. + +Hardware store: $63+ back -- I planned to grill this summer. I swear I made elaborate plans. I bought a mini grill for $58. And... I HAVE NOT USED IT IN THE 3 WEEKS SINCE I GOT IT. That went back to the store. + +Grocery Store: $27 back. Yes, I did return the 42 oz of high-heat grill oil I bought a week back thinking I would grill. I HAVE NOT GRILLED. Returned! Alongside the long grill tongs.. I did not need either of these things. So i returned them. + +Hulu: ~$48 - How did I end up paying $15.99 for this? I cancelled my subscription, emailed customer service, and they refunded the last 3 mos of charges. I have not logged in for that pong. Thanks Hulu. + +Netflix: $20. Not as generous, but you know what? I'm happy they refunded 2 mos of charges for something I wasnt fucking using at all when they could have chosen not to. + +Was it a smidge embarassing to return an unopened walnut oil bottle to the grocery? A little. But not embarrassing enough to justify not getting my $16 back from this gentrified grease. + +You know what's a lot more embarassing? Being $16 short on rent because I was too proud to return some shit I didn't need. + +That's my brokeass thought. + +Stop focusing on saving for just a moment. Focus on returning the money-sucking unimportant things you realize you do not need. Don't spend what you get back. Set it aside for saving. +I have a potentially stupid question, with interest rates increasing and savings account now returning 3.5% compounding monthly. What's the current reason to invest into dividend stocks? + +Right now you take the risk that the market keeps going down when you could just leave your money in the bank and earn a good return with no risk. + +Now I know there are dividend stocks with crazy returns but my understanding is they also carry a lot of risk. + +The safest option like VYM etc only return the same as a saving account, so why take the risk? Makes sense to shift to stocks when the FED u-turns though. + +Would like some thoughts on this +I see quite a few posts on China this morning and want to clarify a few points. In full disclosure I lost over 300k on Chinese stocks in a combination of shares, warrants, and options. Yes, I am glad I sold because my losses would be even greater. + +1. Chinese entrepreneurs like to IPO in America because the entrepreneurs and VCs are given US dollars for their shares. For those that didn’t know it is almost impossible to move money out of China. This is true for American companies such as Apple and Starbucks, the money stays there. It is a closed capital account. IPOs in American markets means foreign investors (American investors) can get liquidity when investing in a Chinese company. + +2. The CCP was more than happy to allow American IPOs because they need US dollars. The world does not trust the Renminbi and it is only used in 1 percent of transactions compared to 60 percent for the US dollar. China must use US dollars to trade with the world. (If anyone is familiar with the Belt and Road you will know China uses dollars to fund such project). When Chinese investors and entrepreneurs are allowed to sell their shares in American markets they bring in US dollars. + +3. China has global ambitions of being a super power. After watching a certain guy (not trying to get political) get banned from social media and made irrelevant, Xi and the CCP woke up to the reality it could be next. The party then decided to crack down even further on its entrepreneurs, who the CCP believes may one day oppose it. The crack down on the Ant IPO was just the start. (For those who don’t know, China does not take criticism well. If Apple/Tesla was to criticize the CCP both businesses would fail to operate in China (this happened to Hilton for naming Taiwan as a country, but only for a week).This is why you see NO American CEOs or entrepreneurs criticize China. + +4. The SEC is finally acting. News has broke the SEC will not allow anymore Chinese IPOs without disclosure of the CCP’s control. Every company in China is subject to control by the CCP. You either comply or you are sent to a camp. You also have the threat of delisting because of the Holding Foreign Companies Accountable Act. + +At this point China has pissed off pretty much the entire US. From crashing internet money, to stocks, and don’t forget about their lies about COVID. I can’t imagine investors will bid up the price of these stocks again. Cut your loses and consider this market dead. Xi is a 1940s German leader reincarnated. +The UKPF mod and wiki teams are super proud to announce that THE UKPF FLOWCHART has had a major overhaul, which we've just released as version 3.0! 🥳 + +All existing links will of course still work, and point to the latest version. Have a look over at: https://flowchart.ukpersonal.finance + +We also have a wiki page with a bit more explanation and clickable links: https://ukpersonal.finance/flowchart/ + +The new flowchart is formatted for better mobile viewing. We also hope it's easier to follow than the previous version, whose charming spaghetti-likes lines had an unfortunate tendency to put people off. + +HUGE thanks to everyone who helped, you're all fab. If **you** are interested in helping with updates to the flowchart and wiki, please consider yourself very much invited. Join the UKPF Discord https://discord.gg/kaetMg8 and let us know you want in on the wiki channel. + +Feedback and suggestions are very welcome on this post too :) +The saying "history doesn't repeat itself but it sure rhymes" has been iconic whenever it comes to investing. This, however, will be the almost exact cause to the 2008 housing crises, but maybe play out a bit differently. Its called "Rent-backed Securities"(RBS). + +Let's start from RBS's inception. Back in 2013 there was a new "hot" investment strategy that was created by Blackstone Group (BX) that would purchase a single-family home backed by its formula of how likely the house would rent out for and create what can be considered a "good cashflow" buy. These rental properties are then bundled from 100 to thousands of rental properties within a single RBS and would be sold as the total asset value, immediately returning the initial invested cash value to buy more rental properties to bundle and sell again... Sound familiar right? + +Blackstone realized that they would need to create a second company which would then manage these rental properties to ensure that their investment continues and investors stay happy with their returns, which Blackstone named "invitation homes" (we will get back to this and why its important later). Since Blackstone's initial investment, there are now over 30+ competitors whose sole purpose has been doing just that. + +Since 2013 many proponents of RBS's say that it is a great idea to bring back the housing economy and in a strong way by supplying the demand of foreclosed homes while landing a win for yield craving investors desiring predictable cashflow. + +Fast forward to today, we are seeing a dramatic increase in these investments with what we can call "free money" at 0% interest rates causing the housing boom right now. So much so that "1 in 7 homes bought this year have been purchased by wall street, 1 in 5 starter homes this year have been purchased by wall street, and for apartments 1 in 2 are owned by private equity" - [Link here](https://survivingtomorrow.org/1-in-7-homes-sold-last-year-was-purchased-by-wall-street-71e6356dea29) of more stats. + +So why should we care? This is after all large corporations owning the assets this time right? There is no way that its going to be as bad as a family that cannot afford their mortgage... + +Well here is the thing, let's take "invitation homes". Lets say hypothetically, they stop enticing investors, and their RBS's are no longer paying out worthwhile yields, which could be a result of a multitude of poor management decisions like forgoing inspections, ignoring critical issues in housing expenses to fix, overpaying for the houses themselves or anything that hurts the bottom line of increasing cashflow and lowers the chances of having a tenant in the home. Invitation homes would have no choice but to declare bankruptcy. What this means for those living in the houses would be that they are immediately evicted. You could have paid your monthly rent on time, every time but it wouldn't matter, you're out. In Invitation Homes case this would be a little north of 76,000 homes or 191,000+ people on the streets, homeless, with the snap of a finger (average household being at 2.52 per home). Keep in mind this is 1 of 30+ companies. + +I can't tell you when this will happen, but what I can say is that once it does, people will say that it was unexpected, out of the blue, etc. I am not telling you what to buy or sell, but rather to look for the signs of cracking. Once inevitable the likely signs will be looking for news stories of Single-home management companies, or I-buyers, looking to avoid bankruptcy. + +Also I have to mention to not take this as financial advice. If you want to learn more, feel free to google anything mentioned above and continue to go in further, there are a ton of things I didn't talk about. +Hi everyone, I got a kitten last year. Before getting her, I extensively researched how much they would cost over their lifetime, what unexpected costs may occur etc to make sure I could financially be responsible. Now that I actually raised a cat from 8 weeks -> 1 year I thought I'd share my costs! + +**Expected:** + +£90 - Price of kitten: private seller from pets4homes + +£60 - Initial litter box, litter, food, pet carrier bag, collar + tag, cat tree + +£20 - Toys + +£20 - First vaccinations + +£55 - Pet insurance + +£65 - Vets4pets complete cover care: covers annual checkups, vaccinations, flea/tick medicine (will be £110 next year) + +£140 - Neutering: added on the recovery 'suit' instead of cone of shame, plus post-op fluids + +£30 - Microchipping + +£100 - Litter: From Costco + +£120 - Food: Mix of IAMS dry (10kg bags from Amazon) and pouches (grocery stores) + +Sub-total: £700 + +&#x200B; + +**Unexpected:** + +£15 - Second litter box: she played in the litter tray for a while so we got a covered litter box + +£15 - Second collar + tag as she lost her first one somewhere + +£30 - extra toys she didn't use... + +£25 - toothbrush and paste: although she doesn't like it and prefers a brush + +£10 - She liked my hairbrush so much that I gave that to her and bought myself a new one + +£50 - Flea products!! Spray, powder, collar, medicine... She bought them into the house last year and it was a nightmare trying to get rid of them. + +Sub-total: £145 + +&#x200B; + +**Total for 1 year: £845** + +Thoughts: Most articles estimate that cat costs are around £1000 a year, which I think makes sense and would be wise to expect and budget for. For me, the company and joy she has added to my life completely outweighs these costs, but it's definitely not an insignificant amount of money. + +For example, I haven't gone on any major holidays this year due to covid so haven't spent anything on cat-sitting costs. She may have an accident which will incur extra vet costs. She is a small cat (3kg) and is not picky with food, but I hear larger cats eat more food and also specific (sometimes pricey) brands. + +I'd be happy to talk more about my experiences as a first time cat-mum and will edit the post it I remember any other costs! + +&#x200B; + +EDIT: Things I forgot: + +* My cat like scratching on the sofa, so we will need to replace it in a few years. +* We bought a £35 timer-feeding tray from Amazon. The clock didn't work properly and also realised she doesn't overeat, so we didn't need it in the first place!! +* [Cat tax! 😻](https://imgur.com/a/qL7Yx3J) +For the more experienced folks. + +When tenant is late on rent, how long have you guys waited to start the eviction process. + +Have a tenant who has tons of money but has implied in the past few weeks that he’s not going to pay because he’s separating with his wife who is there. + +All parties have essentially stopped talking to me. He is 3 days late +# Tata Motors, Yes Bank, 2 others to move out of Sensex + +## The changes will be effective from Monday, December 23, 2019, Asia Index said. + +Read more at:[//economictimes.indiatimes.com/articleshow/72193869.cms?utm\_source=contentofinterest&utm\_medium=text&utm\_campaign=cppst](https://economictimes.indiatimes.com/articleshow/72193869.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst) +What the title says. + +I visited the sub for the second time since its inception and it's not changed aside from noticing some apes stooping to their level and arguing. You get nothing out of posting there, but they get exactly what they want: your reaction. + + +The sub is filled with trolls who argue in bad faith, using emotion as their only tool. Search through the whole sub, there's no counter-arguments on our DD, no theories with actual sourced data to back up the idea, only mockery. + + +Don't give them your time, it's genuinely not worth it. You're all better than this. + +As always, buy, hold, vote, and be excellent to eachother ❤️💎👐 +30,000 volume.. lol been following this sub for months now and been tempted to get in on the action.. but this here just sounds ridiculous.. what are the reasons NOT to sell 100 of these NAKED + +Édit: 3/19**** +The 540,000 put options held by Credit Suisse are no longer in Bloomberg as of this morning. u/Ravada and I both posted screenshots of these two days ago. They had expirations dates of 10/15/21, so I'm not sure why they wouldn't be there anymore. Here is u/Ravada post: [https://www.reddit.com/r/Superstonk/comments/otxj0x/after\_my\_terminal\_post\_yesterday\_i\_checked\_again/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/otxj0x/after_my_terminal_post_yesterday_i_checked_again/?utm_source=share&utm_medium=web2x&context=3) + +Here are the put options sorted by # of contract held in Bloomberg as of this morning (7/31/21): + +https://preview.redd.it/hn7tccgwtke71.jpg?width=1904&format=pjpg&auto=webp&s=fbb06201fd71232d91450ee07acc7c65e146084e + +Here is u/Ravada screenshot from 2 days ago: + +https://preview.redd.it/j45mcvxluke71.png?width=1918&format=png&auto=webp&s=365373e89ff53595b4236e70088c3089b0f1a3a5 + +Here is my screenshot from two days ago with Credit Suisse expanded to show that contracts held in the "multiple portfolios" were all indeed all puts: + +https://preview.redd.it/635bj8cxvke71.jpg?width=1893&format=pjpg&auto=webp&s=71a4974eb21703ceadfeb8e0a42381e291f66064 + +Note that my screenshots have dates at the bottom right of the pics. + +Edit 1: Note that Bloomberg does not have the Credit Suisse (BRA) put options in u/Ravada post on July 27. [https://www.reddit.com/r/Superstonk/comments/otj6da/28072021\_gme\_bloomberg\_terminal\_information/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/otj6da/28072021_gme_bloomberg_terminal_information/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/esqpi9cazke71.png?width=1915&format=png&auto=webp&s=8b1b124a801d8951085fcdaae8ccecbc2540be62 + +Edit 2: If anyone wants to peruse put positions for the month of July, here you go: [https://www.reddit.com/r/Superstonk/comments/ovf7ab/historical\_put\_positions\_in\_july\_bloomberg/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ovf7ab/historical_put_positions_in_july_bloomberg/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Edit 3: Just got the following chat message. Of course, take it with a grain of salt. + +https://preview.redd.it/odeqbggtcne71.jpg?width=823&format=pjpg&auto=webp&s=1506f795355024628a982b2f0d14b17dd1c7dd31 +I have been backing the truck up on FB these past two weeks. This is one of the stupidest steals we have seen in the market. + +Those who keep saying it’s dying, you’re insane. How many of your friends and family use Instagram and/or Facebook? How many who don’t use still haven’t fully deleted their accounts? If you say no one, I call BS and you’re just someone with a short position. Or you live under a rock and have few friends. + +To the contrarians out there, when we stand alone, that is when we know we are in the right place. Keep buying the shares from the nay-sayers and shorties. + +God Speed. +Hello all, I am writing this post as a means of starting a discussion about Disney in which you are all welcome. This will be long - please scroll to the TLDR if you do not wish to read. + +The external internship I work for decided yesterday to liquidate our portfolio’s positions in Disney that we have held since 2018 (approximately $32,000 total, 2 positions, 1 for ~12% return, 1 for ~13% return). “Good god why would value investors such as yourselves sell one of the widest moat companies of our time?” is I’m sure the question most of y’all are thinking. Well... hear me out, here are our 6 reasons. + +1. Disney is taking on MASSIVE debt, and has passed our threshold for obligation ratio. + +The Warren Buffet way of calculating obligation ratio (which is how many years it would take a company to pay off its debt) suggests that businesses with ratios over 5 years can be in trouble and that investors should be warned. Disney recently took on 11 billion dollars in new debt to ease the burden. It has pushed their obligation ratio to almost 9 years. This is approaching dangerous territory. However, this is subject to change if earnings come back. + +2. Disney is losing HUGE amounts of money everyday. + +They are losing about 500 million every two weeks from their parks, and they are losing 10s of millions of dollars per day maintaining their cruise lines that are sitting in dry dock. Neither of these figures include lost revenue in all of their different film and television ventures, like ESPN, and Marvel Films that were in production. They are being attacked on every front of their business. Their only venture that is not actively losing money is their subscription streaming service Disney+, however they are not yet profitable because it is a recent venture. + +3. Disney’s future is not in their own hands. + +Disney needs the re-opening of the parks, the allowing of cruise travel, and the ability to group many people together to make movies, television shows, and film sports (for ESPN revenue). This is not up to anyone at Disney. This is in the hands of the US and other governments, which doesn’t seem to be looking optimistic. Bottom line- Disney needs a vaccine, or a radical change in government policy to get their business back to its former glory. + +4. Consumer behavior is a big factor + +While more a matter of opinion and speculation than fact (which should mostly be avoided in this line of work I know), my company is under the impression that consumer fear will cripple Disney’s earnings even when they can come back in full force. While this would not be a big issue normally, a company that is taking on big debt.... will also have big debt payments shortly around the corner. If earnings don’t return in a big way, that’s a big problem. + +5. New Normal + +Disney will someday return to normal, but what that will look like is up to a variety of factors. Like how long the coronavirus world lasts, consumer behavior, which aspects of their industry can return to normal faster etc. As I said earlier speculation is not something we like to usually dabble in, and if we’re having to use a lot of it to prove our way into an investment we’re no longer doing our job as value investors. + +6. We are investors who want to maximize return, nothing else. + +Disney is a feel good company, and has been a blue chip for decades. But, the bottom line is that there can be no attachment to a company. Investing our money in a security has one purpose... maximizing return... PERIOD. If we feel that the money tied up in an investment can be allocated elsewhere and make more money we make the move. + +In conclusion, our thought process is this. Disney’s current situation makes the company no longer predictable, consistent, and easy to understand. It’s a mess, with a tidal wave of uncertainty surrounding it. Why ride the storm? When so many companies have performed well throughout this once in a lifetime economic situation. We know Disney will come back one day, and when that day comes, we will look at it again. + +On the debate side, I know there is a lot of approximations on the figures. Please feel free to fact check everything. Also, feel free to attack any argument I have made! + +ADDITIONAL IMPORTANT EDIT: Our entry point in Disney is key point as well. We bought in to both Disney positions somewhere in the low $90 range. If we owned Disney since 2009 for example, at a considerably lower cost, our lens may have been different. + +TL;DR: Disney has one too many holes in its armor. Allocating our money elsewhere seems to be a safer, and more profitable move. We understand Disney will return one day, but it’s not a good investment for us now. Now debate me :) +I got this idea by chance. A close friend of mine is applying at Twitch (Amazon acquisition) and he is probably getting stock options so I asked myself what is the value of those stock options. I also run/own a medium size ecommerce agency. I also happen to have some AWS certifications so I am trying to be specially aware of my biases here. But I would say AMZN is inside my circle of competence. + +Amazon has been hit this last Q with a loss, mostly due to its 7.6 Billion paper loss in Rivian, which in combination with current market correction in the tech sector plus inflation and supply chain issues, generated the perfect storm for a missed quarter and a considerable decrease in the stock price. + +I disagree with the way the SEC forces companies to include this changes on their income, I don't think its irrelevant but I think it should not be reported in the income statement, and Buffet does too, but I digress. + +Amazon has compounded its revenue at a rate of 24.5% for the last 10 years. Yes, some of it comes from COVID, but two things here. 1. Growth was considerable but not unreasonable even if there wasnt any COVID. 2. I manage over a 100 online stores through my agency and I see mostly, online sales growth stabilized but is not decreasing. I believe COVID caused a systemic change in the market, perhaps I am wrong but thats why we have a margin of safety. Honestly my main worry for my clients' is Amazon eating up their product category. + +In terms of operating cashflows, they've been compounding that at a rate of 27% for the last 10 years. And 29% for the last 5 years minus 2 years of COVID. + +They have several businesses and Amazon is the poster child for what Mr. Pabrai would call spawners. + +The company's board has recently approved a 20 to 1 split, which I think could be a catalyst for share price growth. I think is worth mentioning but not particularly relevant because I think this is a long term holding. + +My DCF analysis has the following assumptions: + +* An expected cashflow growth of 25% for the next 5 years, and 15% for the next 5 years. +* Free cashflow terminal multiple of 40. This is relatively conservative considering Amazon's average has been around 65 for the last 10 years. +* Adjusting for the last missed quarter, I believe the current Price to Free Cash Flow is at around \~43. +* A very aggressive 15% discount rate (I want my investments to return me 15% at least). +* This calculations represent 60% of the weight of my DCF, with this assumptions im getting an intrinsic price of 3.4K. +* The combination of my previous scenarios plus two other scenarios with lower weights (one more negative with a 7% FCF growth, and one more positive which mostly assumes continuation of current averages), yield a 3.7K intrinsic value. + +Amazon has one of the highest quality moats, if not the best in my opinion. It commands a controlling marketshare stake at the online retail business and the cloud infrastructure business. Its prime subscription reminds me very much of Costco, which is another holding of mine. I believe the cloud infrastructure market will continue to grow massively and show strong pricing power due to its unique tech and extremely high switching costs. I know this costs and the value of AWS offering by first hand. I believe Amazon in particular is a leader in the serverless trend which allows developers to deploy solutions at scale at an order of magnitude faster than before, again something I've personally experienced. + +Amazon has an excellent flywheel effect where it can continually attract more customers through low prices, this customers in turn attract more sellers, which increases competition and decreases prices. This is a moat that gets deeper and wider by the day. + +I've also looked at balance sheet health, share issuance and employee share compensation and they seem at reasonable levels. + +In general, I believe amazon not only has one self-sustaining and self-widening moat, but several and they all compound with each other, this does not happen often. + +With all this considerations, I believe Amazon is an amazing buy at current bargain prices. + +I appreciate your criticism to my analysis. +Basically the title... The dividends are good but how about the company itself? I'd like to hold the dividend stocks for decades to come, what are your thoughts why hold/not to hold MO as a long term investment? +I mean it varies personally. Just wanted to know much you need. + +1. Real Estate Property + +2. Real Estate Rents + +3. Fixed Deposits + +4. Mutual Funds + +5. PPFs + +6. Dividends + +7. Remaining +Your markets are run by bots. 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It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Heard a story the other week about a guy who had a $100k loan on a $600k house and wanted to borrow another $100k for renovations but the bank wouldn’t look at him because he was a sole trader and his business was less than a year old. So he got a job with a mate (who was aware of the situation) on wages and after 6 weeks the bank approved him for his new loan and then he quit his job with his mate and went back to his own business. + +What are the legal repercussions for doing this if the bank finds out? + +Is this a common thing people do? + +This particular dudes situation seems relatively low risk because his loan amount and LVR are low but I feel like it’s generally not a good idea to lie to banks to get 6 figures worth of debt. + +Edit: I’m loving reading the comments and clearly I had a naive perspective on this. I assumed there would be some kind of penalty if you got caught or there would at least be a more thorough checking process about what people are disclosing. + +I’ve used 3 lenders and haven’t lied but I’m glad there are creative ways to get approved if need be. +I work for a fortune 500 tech company that is doing fairly well during this crisis. We already had a strong work from home culture and some of their product lines are in high demand right now yet they felt the need to discontinue our 401k match for the remainder of the year. Their stock is even up currently! + +That works out to be a $7500 pay cut I had not anticipated. I felt like I was in a pretty secure industry but I guess not. Is anyone else seeing cuts to their benefits who are in industries not directly effected by Covid? It seems like my company is just being incredibly greedy and it makes me depressed that they would already cut our benefits when they have not been adversely effected. Sorry for the rant but just curious if this will be common or if I should look for a new job. +Hello! + +I am a 26 yo with 20k in credit card debt, 30k student loans, 4K left to pay off on my car and no savings. I need advice/help. + +In my early 20’s I had to put a portion of my college cost on my credit card (7k). From there I have continued to make financially irresponsible decisions. Saving nothing and not planning for my future. I am ready to change my behaviors and mentality to become financially secure with the goal of being set up for travel/kids/family. + +I make 47k salary and just picked up a second job at a restaurant where I average $300/week (working 15 hours). + +I contribute 4% to 401k and $20/pay check to HSA. + +Of my 20k in credit cards - 8k is on an open account and the remaining amount is on credit cards that have been closed to due delinquency. This is my first question. I assume I should first focus on the 8k and then pay off the closed accounts as well? + +My credit card is 16% APR, car is 1.5% and student loans 4%. Credit score is 620 + +I need to have an emergency fund too. Is $1000 enough for now do I can focus on debt? + +I’ve created a budget and have started using mint daily to track spending. I’ve canceled all monthly subscriptions and I am in therapy to handle some emotional aspects of this (along with other things of course :) + +It looks like I should have an additional $1400/month (at least) to throw at debt. + +I feel embarrassed and overwhelmed. My friends are much more responsible and I have given off the impression that I’m doing ok but I’m not. But I’m ready to commit and make changes. + +Any constructive criticism of advice is welcomed!! Thanks for even reading + +EDIT/UPDATE: thank you so much to anyone that commented!! Based on feedback here is my current plan: +1. Save 2000k emergency fund. Target - end of September 2021 +2. Pay off open credit card ($8k). Potentially pay down and do zero % transfer to different credit card. Target - April 2022 +3. Pay off closed accounts: $500 in full, 2k in full and then call credit card company for last $10k with hopes of settling for “paid in full”. Not sure how likely this is but I will try. Target- September 2022 +4. Pay off car since it will be basically done by this point (scheduled to finish October 2022) +6. Build up emergency fund, Save for long term and *begin investing +5. Start focusing on student loans + +*if I can invest and earn more than 4% return I will use this to help pay off student loans. +Hello folks. + +I am expat living in Amsterdam. + +&#x200B; + +* gross salary: 85k (30% ruling for still 2 years).( > 5k net) +* renting is my biggest expense. around 2k per month (including utilities). Aside from that, I think my expenses are pretty much ok (but advice are always welcome) +* around 25k invested in VUSA and VWRL (started around last November). I put money there regularly but not as much as I think I should. Aside from the first investment I regularly put around 1/2k per month. +* Can save more than 2k per month +* 50k in a saving bank account +* I do not own a car, as at the moment I do not need it. + +The goal that I have is to accumulate wealth so I can live comfortably and in 10-15 years being able to afford to buy a decent sailboat and own a house (around 800k in value). The other alternative is to buy one house in the Netherlands and one for vacations in the south of Italy. I figured that 800k is more or less the amount of money I need to accomplish this goal. + +&#x200B; + +What should I do in your opinion to improve my situation? + +* What systematic change can I do in my investing strategy so that in 10-15 years I will see better results compared to my current strategy? For instance, should I buy a house now considering the amount I am paying in rent? What I have been doing so far is to concentrate on improving my salary (on which I think I am doing a good job). The idea is to be able to reach 100k salary within a year or so. +* I also do online lessons. At the moment I do not make much money but I could make more provided I would put some decent effort into it (around 3k year is doable). What should I do with that money? At the moment I basically use it to buy things I would normally not buy with my standard salary. (bike clothes, plane tickets, etc.) +I know you've seen WenMoon around by now. **100X'd** in the first 24h. **160X**\+ within a few days of launch. The community, the devs, and the roadmap are legit! A handful of early whales dropped price over the week, then up over **4X in less than 2 days**, and now its nearing all time highs with some serious **momentum**. Tired of getting rugged? Here's a project with less than 4k holders still, that's been around for just under two weeks, with real momentum poised to pop off and an amazing community behind it! Now is the time to hop in if you're looking for a legit project with some serious gain potential! + +* Hired 3 devs this week working on the first WenMoon Dapp! +* [Audit complete](https://dessertswap.finance/audits/WenMoon%20BEP-20%20Audit%206570197.pdf) +* CG and CMC still to come (going to be another pump when it hits) +* Landing multiple [influencers](https://www.youtube.com/watch?v=zwPe3TnAL_k) per day ([and](https://www.youtube.com/watch?v=ua-olQtf54g)) +* [Big website](https://wenmoon.space/) \+ [white paper](https://www.wenmoon.tools/wenmoon-white-paper/) overhaul +* [Billboards](https://twitter.com/CokeAndNuts/status/1382031799874945031?s=20) across the US +* And a rockstar community of HODLers +* Less big whales able to kill momentum + +🚀🚀 WenMoon Token 🚀🚀 + +Telegram Chat: [https://t.me/WenMoonTelegram](https://t.me/WenMoonTelegram) + +15% tax on transactions is automatically redistributed to holders! Big gains for holders. No quick pump and dumps. Token burn every 100 holders. + +Contract Adress: [0xb93ba7DC61ECFced69067151FC00C41cA369A797](https://bscscan.com/token/0xb93ba7DC61ECFced69067151FC00C41cA369A797) + +Live Website with info: [https://wenmoon.space](https://wenmoon.space/) + +Listed on pancakeSwap[https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb93ba7DC61ECFced69067151FC00C41cA369A797](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xb93ba7DC61ECFced69067151FC00C41cA369A797) Use 5% Slippage and make ending digits end in 000's (Ex. 500000, do not do 5130942) + +📈Chart: [https://poocoin.app/tokens/0xb93ba7DC61ECFced69067151FC00C41cA369A797](https://poocoin.app/tokens/0xb93ba7DC61ECFced69067151FC00C41cA369A797) + +Discord: [https://discord.gg/gtFEJwS2](https://discord.gg/gtFEJwS2) + +DYOR! See you on the Moon! Diamond Hands! 💎 +Just got off the phone with a super nice Computershare rep. He told me that all the GameStop investors he has spoken to have been very respectful and patient and a joy to speak to, even though many of us have had valid reasons to be upset or irritated. He also told me that he has spoken to many different investors from all over, from the Netherlands to China and everywhere inbetween. This is one of those things that make me incredibly proud to be a part of this community. Thank you guys for being awesome :) +Started new job as a restaurant manager at a busy restaurant 5 weeks ago. I needed work really bad and accepted $40,000/year for scheduled 50hr weeks. I did some reading today (https://www.federalregister.gov/documents/2016/05/23/2016-11754/defining-and-delimiting-the-exemptions-for-executive-administrative-professional-outside-sales-and) and learned that i SHOULD be getting a minimum of $47,476/year. + +I feel dumb for not knowing this before hand but now i feel the need to address this. So how do i proceed? + +Background: I am one of the only (maybe THE only) salaried assistant manager inside of the 28 locations and everyone else is hourly. I have been told verbally that i will be promoted to GM in 6 months and the assistant role is temporary. I'm basically an AGM until i learn this company's way of doing business. I am at the busiest location and have been well respected so far for what i bring to this company. + +My plan is to write HR with the links to the DoL rules and request that they look into this. +I feel a little worried that me being new and all, i could be looked at as a "trouble maker" or something? Feels like a delicate situation but maybe i'm making too much out of that? I just want what's fair. I agreed to $40k but if i should getting more, i obviously want that instead. + +TLDR; accepted a 50+hr position making $40k 5 weeks ago. If i'm reading the DoL website correctly, i'm entitled to $47,476 minimum. How do i request the rest of the salary without it coming off on me poorly, being new??? +Do you guys think I should have waited until next friday in case it rebounded or was it the correct decision. + +Paid $3,000 to close 7 contracts of BABA put $90 3/18/22. (premium collected was $700). + +If it was not closed, I would be losing $700 per every dollar of 03/18’s closing price that is below $90. + + +edit: I din’t clarify that it was actually a wide spread (20 width). My max loss is 15k if baba hits 70. Sold the other leg for around 200. also happy cake day. +This sub was much better when it was all stupid memes. Now every other post is some nobody's stupid motivational message about why crypto is going to the moon even while the market tanks and why we'll all be the smart rich ones in five years blah blah blah. Nobody knows anything. We may all be rich in 5\-10 years or we may all be bankrupt and living in a cardboard box due to our HODLing. But regardless, these posts are all low quality posts by people that are scared and trying to convince themselves of something. Nobody cares about the opinion on how the future of crypto will play out from an anonymous poster on Reddit. And if you think sane, rational people that are deciding if they should put money into the market are coming here to do research and seeing that and deciding they should enter the market then you are wrong. Normal people see these posts and it confirms their belief that everyone here is a brainwashed cult member and that they should run in the other direction. +I'm 24 and currently ending the job I've had my whole adult life as a labourer. I have no idea what I want to do, and honestly money is one of the biggest driving choices for me. I'm curious what kind of careers are out there that can achieve that. + +What do you do and how did you get there? + +--- + +Just wanted to add a big thanks for all the replies, didn't realise there was so many people on this subreddit. I've read every reply and taken so much away. Thanks everyone. +I am not a financial advisor. I am merely a stats loving engineer that is probably on the autistic level of number crunching and pattern recognition. There are my thoughts. + +# History Repeating Itself + +Back in the first week of July, I posted this [data analysis](https://www.reddit.com/r/Superstonk/comments/of6vdw/data_analysis_comparing_march_and_junes_data_to/) comparing the candlestick measurements directly against each other a one to one day setting. the primary image from that post was this: + +[March \/ April versus June \/ July](https://preview.redd.it/snhqrs23hfg71.png?width=1263&format=png&auto=webp&s=eea73a645b8c9a5cee465afecf2d2f85c2a6b015) + +[March \/ April versus June \/ July Close Up Overlay 1](https://preview.redd.it/xgrvzg65hfg71.png?width=817&format=png&auto=webp&s=a00f4835c38933b1c12b18ecafc13b746eee5413) + +[March \/ April versus June \/ July Close Up Overlay 2](https://preview.redd.it/web3nh06hfg71.png?width=786&format=png&auto=webp&s=88cc955c99a52f8e7cb33fddec607cdda18498d0) + +With the overlay theory we now come to this image: + +[Current 1:1 Ratio](https://preview.redd.it/upbhf1kngfg71.png?width=869&format=png&auto=webp&s=44ec22cb61469a9f762a1523bbb30be7cc711740) + +[Current Close Up 1:1 Ratio with Top of Candlestick Matching](https://preview.redd.it/p1kx8o4chfg71.png?width=810&format=png&auto=webp&s=bcfa6243485c1783c2121cf3b4ae38b86683d978) + +# A more sophisticated look + +With this initial findings, I eventually wrote up this [DD](https://www.reddit.com/r/Superstonk/comments/ogjkao/i_think_i_figured_out_the_shorting_algorithm/?utm_source=share&utm_medium=web2x&context=3) detailing the repetition of the shorting algorithm behaviors. + +[90 Day Climb](https://preview.redd.it/zoejjgslhfg71.png?width=1266&format=png&auto=webp&s=a8700274d9bd47923d9153bbe6b50b93e964ad82) + +# Necessary definition of shit + +When I use the term algorithm, I mean this: Imagine a black box. Within that black box is a bunch of calculations that is going on. A fuck ton of shit is happening, however, that shit box contents do not matter because it only spits out a single answer. This single answer is the only behavior that matters. This is similar to like a bunch of kids in a giant fucking coat. It doesn't matter how many of those little fuckers are in that coat because to the cartoon adult, it only looks like 1 person. + +# Back to the crystal ball + +With this 90 day pattern in mind, many people were doubtful due to how only a few cycles were shown. Thus, to prove the extent of tomfuckery that was occurring, I went ahead and wrote this [DD](https://www.reddit.com/r/Superstonk/comments/owlg3z/the_algorithm_has_been_doing_this_shit_for_years/?utm_source=share&utm_medium=web2x&context=3) to show how this behavior has been going on since at least 2012. This has been so ridiculously overpowering that even the days where the most volume and volatility occurred were even repeating. Those dates are as shown: + +&#x200B; + +[Dates of Most Change in Overnight Behavior and Volume](https://preview.redd.it/0rzc23qkifg71.png?width=359&format=png&auto=webp&s=6033499fde04c1c13111d09f5277656ff206f7e4) + +[Net Days Between the Most Change in Overnight Behavior and Volume](https://preview.redd.it/oclfrznmifg71.png?width=363&format=png&auto=webp&s=de0779e81c654c101897f741809e84a4d64746f3) + +Here is what those days look like with their associated share price and volume. The red dots present those dates. The closing share price is on the top while the volume of those days are on the bottom + +[GME Share Price and Volume](https://preview.redd.it/kf3nr9nuifg71.png?width=624&format=png&auto=webp&s=7c4de594009b01bd2b51289c13aa7c59414f3ff4) + +&#x200B; + +[With different Color Palette 1](https://preview.redd.it/lgfcqpqf8jg71.png?width=1344&format=png&auto=webp&s=4729494b235691368d77940164d6e3b129a77493) + +&#x200B; + +[With different Color Palette 2](https://preview.redd.it/ejpa399i8jg71.png?width=1347&format=png&auto=webp&s=20834be167845b53044756d48d0bbd0952998767) + +&#x200B; + +[With different Color Palette 3](https://preview.redd.it/4zphvmhp8jg71.png?width=1357&format=png&auto=webp&s=021ced1a2677aa1e95c3908fb87e556da92a9e41) + +# Let's Combine These Fuckers! + +If we continue to use the greatest overnight as our origin date, we come to the following associated date for 2021: + +[Inclusion of 2021 Greatest Overnight Change](https://preview.redd.it/7uepn946kfg71.png?width=370&format=png&auto=webp&s=cdcda7a05d6068cca946ae80121fd31306d0bc2e) + +&#x200B; + +[Net Days Between Dates with Greatest Overnight Change](https://preview.redd.it/k6w71riakfg71.png?width=362&format=png&auto=webp&s=a862639f4ad2a27103f4a0da85d79453746520ec) + +# Because Everyone Loves Dates + +If this sequence is 1:1, the next greatest overnight change will occur on August 19 / 20. From the cyclical dates using previous history, the current dats seem to resemble those from 2019. Thus, it would appear as if the greatest overnight change will occur on August 23 since the August 22 is over the weekend. + +# In Conclusion + +Both the 90 days cycle theory and the repeating cycle theory support how the greatest run up will occur around the same time frame of 3rd to 4th week of August. + +# Thoughts + +MOASS has the potential to occur a few days after these dates with the greatest amount of volatility. There is no certainty this will occur since no one can see into the future. Personally, I think some shit is going to go down because the overall daily range of high / low and open / close keeps on getting smaller. We currently are definitely in the initial run ups as we have seen over and over again for almost a decade if not longer. Hold onto you tendies. Keep your hands diamond, your balls titanium, and your buttholes clenched for the next few weeks. I'll see you on the moon, apestronauts. + +Edit 1: + +[GME Price History](https://finance.yahoo.com/quote/GME/history?period1=1013558400&period2=1627603200&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true) + +[tweet](https://twitter.com/pwnwtfbbq/status/1424903387762495495?s=20) + +Edit 2: + +Added GME share price graphs and volume with different color pallets +POP QUIZ + +1. True or false: GME is the only real play. +2. True or false: There can never be anything like GME again. +3. True or false: Silver was a distraction back in Feburary. +4. True or false: Weed was a distraction back in Feburary. +5. True or false: Shitcoins are a distraction now. +6. True or false: AMC is a distraction now. + +Answer key: 1 - T, 2 - T, 3 - T, 4 - T, 5 - T, 6 - T. + +#The GME holy trinity: BUY, HODL, VOTE. + +Some of you need a refresher. Here's Michael Burry: + +https://i.imgur.com/7SjOAMc.jpg + +Here's DFV. Do you notice him holding any other stocks? + +https://www.reddit.com/r/wallstreetbets/comments/msblc3/gme_yolo_update_apr_16_2021_final_update/ + +Here's Chairman Cohen joining which company again? + +https://www.cnbc.com/2021/04/08/gamestop-stock-up-after-company-says-ryan-cohen-to-be-chairman.html + +#AMC is a distraction and I will prove it. + +This is a stock that flew under everyone's radar until Jan 28th. Suddenly people started buying it. Why? Because it had fundamentals? No. Because it was shorted over 100% of the float? No. Because they liked it? No. It was because it was cheap and everyone else was doing it, period. That's why people bought it. They FOMO'd in. Both GME and AMC were sub $5 last year. Right now, one of them is $160 and the other is $12. + +Do me a favor, go over to the search bar, type in AMC, and hit enter. Refine by past week. We have 10 full pages of people dedicated to spamming AMC in the past week alone on a sub dedicated solely to GME. + +https://www.reddit.com/r/Superstonk/search/?q=amc+&include_over_18=on&restrict_sr=on&t=week&sort=relevance + +Do the same on the GME subreddit: + +https://www.reddit.com/r/GME/search/?q=amc&include_over_18=on&restrict_sr=on&t=week&sort=relevance + +Here's a WSB mimic group on facebook with 300k members. Guess what they are shilling? AMC, crypto, penny stocks, literally everything but GME: + +https://www.facebook.com/groups/1975398216025424 + +Here's a GME only thread on /biz/. AMC is being spammed as much as GME: + +https://boards.4channel.org/biz/thread/35338903 + +Here's Marketwatch with the subtle "GME riding backseat to AMC": + +https://www.marketwatch.com/story/amc-soars-and-this-time-gamestop-follows-as-meme-stocks-get-squeezed-hard-11620929838 + +Here's Motley Fool mentioning just AMC soaring during Thursday's liquidity test: + +https://www.fool.com/investing/2021/05/13/why-amc-entertainment-stock-was-soaring-today/ + +Why did Trey's Trades slap an AMC logo on Atobitt's House of Cards DD and talk about AMC without ever mentioning GME? Yes, his DD was about how the system works but I find it rather peculiar he managed to shamelessly plug AMC in there without even mentioning where it was from. In fact, Trey use to make videos about GME but stopped roughly 3 months ago and shifted entirely to AMC. Why is that? Hmm..... And if you haven't gotten it yet, he's making videos on Dcoin now. + +https://www.youtube.com/channel/UC4a-9NnHFv4ZhI-HWc4xNaA/videos + +>"But why would hedgies lure investors to stocks they are short on?" + +Frankly, I don't know because AMC holders don't have any real DDs and I don't care because the play is GME. But if I were to guess, I'd say it's because it would be easier to cover their shorts on AMC than GME. GME was shorted over 100% of the float back in January while AMC was around 20%. AMC got hit with share dilutions so their execs could give themselves some nice juicy bonuses for doing fuckall during COVID while Gamestop is restructing from the ground up. AMC has no visions for the future while Gamestop is working on their e-shop, e-sports, and so much more. Fundamentally speaking, without the squeeze, GME is worth $300 a share minimum while AMC is still $10 at best. + +#Here's the real kicker: + +What scares me about AMC is that their board can issue even more shares during the squeeze. They did it once before, why not again? Especially with all those theories we had floating around a few months ago where people accused both the AMC and GME board of having puppets installed to bleed both companies dry. Well, RC has take care of that at least for GME. Meanwhile, you can't work with AMC's board like RC. RC likes to engage with his fanbase. RC knows post MOASS he's going to have a cult following shopping solely at GME for the rest of their lives. + +>"But AMC is still gonna squeeze. This isn't about fundamentals." + +So is KOSS, NOK, BB, BBBY, EXPRS, NAKD, etc. Hell Koss was soaring higher than AMC yesterday but I don't give a shit about Koss. When you understand why you dismiss all those other meme stocks, you will understand why I dismiss yours. + +#Ape no fight other Ape + +Listen, I don't go over to the AMC subs to work FUD. I stick to the GME subs and write about whatever is on my mind. To me, AMC is a non GME stock. I lump it in with every other non GME stock. I don't care about it and I don't have the time for it. Spamming it on our sub is automatically sus to me no matter what you have to say. GME is my community. You guys stay on your side of the fence and we'll stay on ours. Status quo ante bellum. + +#Final thoughts + +I'm almost entirely convinced hedgies are using AMC as bait because it's most relatable to GME and they are doing it by having shills say "APE NO FIGHT OTHER APE" or "you are dividing the ape community." How exactly am I doing that? I'm sorry boys, but we aren't on the same team. You have your stock and we have ours. I'm going to throw a prediction out there - AMC starts spiking first (say $25) to get people to FOMO in then it comes crashing back down. Realistically speaking, if hedgies get margin called, all shorted stocks should spike at the same time. They can't pick and choose which stock to buy in first. +**I know that Coin didn't have that fund available for quite a while**. But my hypothetical question is this - Say there is a fund "A" which I have been investing through Coin for 2 years. Suddenly the AMC of fund "A" decides that they want to cap new SIPs at 2.5K and stop all lump sums (similar to what happened to Mirae Emerging Bluechip). + +Since Coin basically treats SIP as lump sums to the AMC, will I no longer be able to deposit money through Coin after this? Let's assume that the AMC says existing investors won't be affected, and can continue to put money. But in this case, I won't be treated as an existing customer right? + +I am asking this since I have most of my Mutual Fund investment in Coin. And if some AMC I have invested in does this, I want to make sure I will be able to continue using it. Thanks in advance! +As part of their bankruptcy legal proceedings Celsius published a 14,000-page document detailing every user's full name, linked to timestamp & amount of each deposit/withdrawal/liquidation. + +**This is a horrific and unprecedented breach of privacy.** + +This list is online in an unprotected PDF form and anyone can search it or even download it. + +Nosy neighbour? Spouse? Employer? Crypto scammers looking for targets? Blockchain analysis firms that can now put a name on self custody wallets? You name it. + +And yes, this is a public court document, but man, why didn't they redact part of the names? Why did they put this on the internet? Why didn't at the very least give a heads up? Did they even give a fu\*k to do this properly? + +This is probably one of the best examples of not your keys - not your coins. Not only will they steal your funds, they will also leak your information. + +Edit: + +1. It is confirmed that this list includes EU customers, so my guess is that's a global list. +2. The wife of former-CEO Alex Mashinsky was shown to have withdrawn $2 million in crypto on May 31. They stopped withdrawals 13 days later. +3. Many users in the comments have pointed out that this is standard procedure for Chapter 11 and that Celsius lawyers tried to avoid it but was rejected by a judge. For me, this remains a cautionary tale that not only can you lose your coin but also your private information. Why didn't Celsius notify us about this beforehand and couldn't they have taken a different legal route all together? + +&#x200B; +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, +I’m currently working for the police and earning about £30k before tax. Take home is about £1850 after my deductions. Job is very stable. I currently have about £10k in savings and living at my parents home for the last 2 years since the breakdown of a relationship. + +I’m currently stuck and don’t know what to do. I don’t want to rent but I can’t really see a time where I’d be able to get myself on the ladder despite saving about £1k a month. + +Is there any advice out there for a 30yr old male with only £10k savings but a stable job taking home £1850? Feeling bleak + +Thanks in advance + +***EDIT*** : Thanks everyone for your replies. Lots of great advice in there. I guess there’s a lot to think about and I just have to learn to be patient and just keep doing my thing. + +Wish you all the best. +What the fuck happened? This used to be a sub full of different opinions, you could tell people that you think they've drunk away what little brain cells they had left when they post stupid DD that isn't even DD. Now it's like r/politics , an endless circle jerk over how "The hedge funds will bleed". I don't give a shit about your cause, I just want to make tendies and that's what this sub used to be all about. Now the only content is: GME, GME, Short, "haha Elon twitter go woosh". Low-quality bullshit content barely worthy of r/funny. What happened to the likes of JNUG? + +Look, I know the game is rigged, we all fucking know that. But this is deranged and has strayed too far from what this sub used to be all about, those sweet tendies. I might sound like your wife's boyfriend when I tell you this, but we have to stop this pyramid scheme level of group thinking delusion. + +DD, good memes and both gain and loss porn are getting smothered in a sea of GME-truthing posts. I think I speak not just for myself but for many other long time members of the sub when i say this: + +We need to stop circlejerking over one stock and go back being retarded over many stocks/options/gourd futures etc. Have you even heard of JNUG? + +Therefore i propose a ban of all GME content that isn't proper DD or memes. + +TL:DR GME 1000C or 1P I don't care, I just want this subreddit back. + + +Also: Know what JNUG is or ban +Not sure how much interest there is in this, but I'll give it a shot. I'm a developer and trader at an algorithmic trading firm. We execute trades for hedge funds, fund providers (ETF, mutual, pension), prop shops, etc. + +I'm a trader as well as a developer, so my responsibilities are twofold. As a trader I'm responsible for monitoring our customer's books, tweaking algo parameters or hand trading difficult names. As a developer, I work on code for pretty much every imaginable piece of the trading system in its entirety. We run pretty lean, so everybody wears a lot of hats. I'm also involved on numerous different research projects relating to market microstructure, trading dynamics, and market efficiency. + +I know the above is fairly vague, but some of that is by choice. Feel free to ask me anything and I'll do my best to answer. +I get about two calls or texts a day, unsolicited, from various "we buy houses" people/services who want to buy my rental property. It's in a class C, borderline D neighborhood, where home values are about half what they are in even slightly more affluent areas of my region. + +I'm almost a little offended that I get no such calls about my primary residence, which I've actually put significant work into making more appealing. :( + +Mainly, I'm trying to figure out if I need to be worried that these vultures are circling my rental property. Are they attracted to it for some reason that should make me want to unload it, or are they just trying to see who wants out of the game because of COVID? + +Redfin and Zillow's estimates on the property matched the asking price when I bought it in August 2020, but a week after closing, they shot up 50%, which doesn't measure up against any comps. + +And just how did they get my info? Appraisal district doesn't list my phone number... at least not online. +As the title says...This is the start of what we've all been waiting for as shareholder/owners of GME...the launch of the new marketplace...but there is still work to do. In my humble non-financial-advisory-opinion, direct registration of the float is still the greatest thing that can happen with GME...to put an end to the illegal market practices of some very short and very shitty Hedghogs out there. + +Until the world knows that ALL of the legal shares of our shared and beloved corporation are pulled back to the transfer agent (ComputerShare), and registered in the individual owners' names, the fuckery will continue, and I for one don't wish to see one more day of it than necessary. Criminals will be criminals, and they absolutely will not stop until they are forced to. The WAY hasn't changed. + +DRSing now, personally, gives me hope for the future of not just GME, and other shorted securities, but in the idea of free markets as a whole, and the abolition of blatant criminal activities by those who make the law, and supposedly hold the world up to those standards. + +♾💕🚀♾ +My boyfriend had 500$ sent to him on venmo by a stranger "on accident" last night. + +Being the well meaning good person he is, he sent it right back. He had 0$ in the Venmo account \*before and after the exchange, but has one or two bank cards linked to the Venmo account. The person is asking him to send the payment again. + +I told him the whole situation sounded like a scam I had heard of, [the fake payment scam](https://www.reddit.com/r/Scams/comments/ih17ax/venmo_scam/), and that he should contact Venmo and his bank immediately. I don't really know what to do to help him and we're all on hard times because of COVID 19. If you have advice we would super appreciate it. + +I hope this is on the right subreddit. Thanks for reading. + +Edit: Thank you for all of the helpful responses and for the two awards! You're very kind. + +I think we're in the clear if it was a scammer and not some random pheasant messing up sending rent to someone. We did the following: + +* Opened a ticket on Venmo to alert them that he may have been scammed and that something was sus. +* Contacted the fraud department at his bank and told them to not allow 500$ charges from Venmo. +* Put a stop on his cards that were linked to Venmo. + +We will try calling Venmo shortly. + +Edit #2/Update: Gee whiz thanks for the other awards and all of the upvotes and comments. A lot of you were really thoughtful and helpful. + +**I think the situation is mostly resolved. My bf has not lost any money yet and we will pay attention to Venmo and watch to see if there are any changes to his wallet balance to see if it goes negative and then we'll have to argue with Venmo and watch for debt collection agencies I guess.** + +That being said, there are a few people wondering about if we were overly paranoid and if we did come across a scammer. The person had 100+ friends and my bf sent the money back immediately after it was received. Venmo said we did the right thing in this case. \*shrug\* I do not have a link but there is one somewhere in the comments. + +**The reason why I freaked out and thought it might be a scam is because the person asked for the 500$ amount a second time after the first payment was sent.** That screams not normal to me and it did to my bf too. I regularly choose to put my faith in the average person but we both are skeptical enough to see when something is weird, thus this post and wondering if we've encountered a bad egg. + +\*added "before and after the exchange" to a sentence for clarification for some. +Purchased for 30k +Remodeled for 40k which included 12k alone for new roof, deck, fascia, gutters and chimney + +Appraised for 105k!!! + +So excited. + +We are doing a cash out refi now at 5% for 65k to use on our next rental we are buying in April/May. + +We purchased intending to flip. But then I fell in love with the house so much and we had updated everything that she’ll be problem +Free for years so we decided to keep and rent instead. + +Tenant moved in 1 Nov. + +Planning on paying extra on the mortgage on either the first rental or the second rental depending on which rental has the higher interest rate. + +(Rate on primary is only 3.125% so will not pay extra on that one.) +I've had my S&S ISA with Vanguard for about a year and a half now. I have paid £4855 into it, and it is currently worth £5647.45. So I've had a profit of £792.45. To me that equals a ~16% increase on the £4855. However Vanguard puts my rate of return as 30.1%. How is this figure calculated? +The title says it all really... but basically are there any actual benefits to being a landlord anymore? Rental yields are rarely above 8% even in the north, with most down south being much more like 4%. This doesn’t take into account all the expenses that go into being a landlord, void periods or indeed your time/headaches doing it. Also the nature of the investment doesn’t allow for compounding returns. + +I understand by using a mortgage you are effectively increasing your yield, since you only put down the deposit, but assuming someone had £x00,000 cash why would they invest in a rental property? Is it a better choice for income purposes? +Got asked what my biggest loss was the other day, and it got me thinking as it's not the losses I remember - it's the dumb things I've done that if I'd avoided I would've been much further ahead. + + +Two big whoppers come to my mind. + +&#x200B; + +* **FootAsylum's profit warning** + +In June 2018 FOOT came out with a massive profit warning, and this is usually a pattern I trade for the oversold bounce, only I fell asleep at the wheel and completely lost the plot. + + +I started buying in under the rationale "this can't fall much further" (how wrong I was) - only it kept falling and I kept calling my broker and adding. Eventually, a few hours into this, I woke up in horror and realised what a cretin I'd been, and immediately dumped the lot for a massive loss. That one trade set me back months' worth of P&L. + + +&#x200B; + +* **Anglo African Oil & Gas's 100% workovers** + +I believe this was around May/June 2017. AAOG had come to the market at 20p and was going to drill a multidimensional well. I'd taken the IPO and averaged up. Not only that, I'd levered myself so had a sizable position. + +For some reason, I blindly trusted the 100% workover rate even though I knew that nothing was ever certain, and even if they were successful it was probably already priced in as everyone expected them to be successful. Looking back it's hard to believe how dumb I was. + + +Unfortunately, they weren't successful. And even more unfortunately, I compounded that mistake by not selling a single share, waiting for the price to go down, and then buying more! + +This was a truly awful experience - just opening my broker account made my stomach go tight and gave me a sickening feeling. I was scared to sell as I'd have moved the price down and just watched others sell before me pushing it down anyway. That was a big lesson. + + +Both of my worst ever trades have been from averaging down and not cutting losses. However, I did learn from these as it made me trigger shy and even now just remembering how I felt during them seems to do a good job of keeping me in check. + + +What're your worst trades? +Got asked what my biggest loss was the other day, and it got me thinking as it's not the losses I remember - it's the dumb things I've done that if I'd avoided I would've been much further ahead. + + +Two big whoppers come to my mind. + +&#x200B; + +* **FootAsylum's profit warning** + +In June 2018 FOOT came out with a massive profit warning, and this is usually a pattern I trade for the oversold bounce, only I fell asleep at the wheel and completely lost the plot. + + +I started buying in under the rationale "this can't fall much further" (how wrong I was) - only it kept falling and I kept calling my broker and adding. Eventually, a few hours into this, I woke up in horror and realised what a cretin I'd been, and immediately dumped the lot for a massive loss. That one trade set me back months' worth of P&L. + + +&#x200B; + +* **Anglo African Oil & Gas's 100% workovers** + +I believe this was around May/June 2017. AAOG had come to the market at 20p and was going to drill a multidimensional well. I'd taken the IPO and averaged up. Not only that, I'd levered myself so had a sizable position. + +For some reason, I blindly trusted the 100% workover rate even though I knew that nothing was ever certain, and even if they were successful it was probably already priced in as everyone expected them to be successful. Looking back it's hard to believe how dumb I was. + + +Unfortunately, they weren't successful. And even more unfortunately, I compounded that mistake by not selling a single share, waiting for the price to go down, and then buying more! + +This was a truly awful experience - just opening my broker account made my stomach go tight and gave me a sickening feeling. I was scared to sell as I'd have moved the price down and just watched others sell before me pushing it down anyway. That was a big lesson. + + +Both of my worst ever trades have been from averaging down and not cutting losses. However, I did learn from these as it made me trigger shy and even now just remembering how I felt during them seems to do a good job of keeping me in check. + + +What're your worst trades? +Article [here](https://business.financialpost.com/real-estate/the-theory-of-immigrants-and-foreign-investors-driving-canadas-property-market-is-about-to-be-tested). + +Vacancy rates in Canada’s two biggest housing markets are rising, rents are falling and luxury homes are struggling to be sold. + +Christine Zhu, a Toronto-based realtor, has not facilitated a single purchase or sale on homes since the start of the COVID-19 pandemic. Her clientele are almost exclusively Chinese nationals whose kids are either already international students in Canadian universities and high schools in Ontario, or are looking to begin school this fall. + +In a regular spring market, she would have processed at least eight sales every month, mostly condominium units that Chinese parents would purchase for their children, in addition to numerous rentals. This season she’s spending her days on the phone with landlords, negotiating on behalf of students who have gone back to China, and have no idea when they will return, leaving their leased apartments vacant.  + +There are approximately 640,000 international students in Canada — over 50 per cent of them are Chinese and Indian nationals who make up a significant part of the rental market in Canada’s largest cities. In a typical summer season, tens of thousands of new foreign students, landed immigrants and non-permanent residents looking for work arrive in Canada, seeking some kind of housing, either to rent or buy. + +But with international travel frozen, multiple realtors and housing experts the Financial Post spoke to over the course of the week say that the lack of the usual immigration and travel pattern is starting to have a noticeable impact on the housing markets of Toronto and Vancouver. In particular, vacancy rates are rising in downtown rental markets, pushing prices lower, while luxury homes that usually attract rich foreign investors are struggling to be sold leading to price drops or, in some cases, court-ordered sales.  + +In April, the numbers of permanent residents admitted to Canada declined by 80 per cent from the year prior — just 4,140 were processed and admitted compared to 26,900 in April 2019, according to Immigration, Refugees and Citizenship Canada. +Sup y'all! +After hours of stumbling through the jungle of what crypto has become in 2021 with all the memecoins, I've come back from the depths of uniswap and found a giant in the making. This solves an easy way to get rid of wallet trackers, remain truly anonymous on the public blockchain and more. +(now that the degens havent clicked on this post because of the title: this is actually a **100x** or more moonshot) + +# So what is EBOX? + +ETHBOX provides a unique solution to a problem in cryptocurrency trading that is as devastating as it is widespread[,](https://miro.medium.com/max/2998/1*VAjqowflCeKDQgHrBKeuzg.jpeg) Accidentally sending funds to a mistyped or mistaken recipient address has already been the cause for hundreds of millions, if not billions, of financial damage. EBOX has the solution. +Using the unbreakable safety of the Ethereum blockchain, ethbox provides a smart-contract-based digital escrow service to completely alleviate any risk of loss while sending cryptocurrency. + +That's a cool idea that will help many newcomers on crypto but as people get more familiar with crypto this problem fades away, and then a new problem arises. Anonymity. + +**That is why I actually like this one.** + +Sending funds through ethbox disrupts the chain of transparently traceable blockchain transactions. This means you can do a great lot of things with it that mostly only benefit you, the user of ethbox. + +What I like about it has to be the easy way to anonymously change wallets. This is a big deal for me as I am careful about being tracked on the ethereum blockchain, as that can fuck you up.  + +**For me that process used to be:**  + +>Let’s go to **binance**! *(ugh... depositing money on a centralized market)*Exchange **to BTC,** change it **back to ETH** to get a new withdrawal address *(So the address that sends you the ETH will be a new one)* for me to then create a **new wallet** on Metamask and send it **through there. Tedious.** + +And let us not forget about the plain privacy of just receiving money from someone on the internet and sending the ethbox address for you to then withdraw it from there. Your own personal escrow service. + +For situations where discretion is required, users have the option of wrapping ethbox transactions with an additional layer of privacy, for a small increase in the service fee. + +**It's very easy to use:** + +* Navigate to their UI +* Type the amount you wish to send, the recipient, and a passphrase; +* Sign the transaction to deposit funds. +* Give your recipient the passphrase. +* The recipient goes to the UI and gets the funds. + +This is already damn cool, but there's another cool feature that is called **Over the Counter trading, and it's a p2p conditional exchange of tokens** in which one party setup the condition and the exchange take place once conditions are met. + +There's also a **privacy feature which is being developed** at the moment which enables a **mixer** so that your funds come out clean and untraceable to the recipient side. It used to be a deep-web-only thing for a long time. + + Test it out: https://ethbox.org/testnet/ + +Token Utility + +* **EBOX is a deflationary token -** guaranteed by buying back and burning part of the generated fee. +* **Staking -** generates passive income for EBOX holders for 4 years following token generation. +* **Regular payout** of profit share to EBOX token holders +* **Governance** gives voting rights for upcoming project-related decisions decisions and enables EBOX holders to actively participate in the development of ethbox. + +All of this means that there will be a lot of demand for this token, and apart from profit takers, no real sell pressure.  + +**Additional information.** + +[**Buy on Uniswap**](https://app.uniswap.org/#/swap?inputCurrency=0x33840024177a7daca3468912363bed8b425015c5&outputCurrency=ETH) + +[Website](http://www.ethbox.org) | [Twitter](https://twitter.com/ethbox_official?s=20) | [Instagram](https://www.instagram.com/ethbox_official) | [Facebook](https://www.facebook.com/Ethbox-163318048851696) | [Medium](https://ethbox.medium.com) | [GitHub](https://github.com/ethbox-official) + +**Price**: $0.70 + +**Contract:** 0x33840024177a7daca3468912363bed8b425015c5 (always verify) + +**Token supply:** 65 Million + +**Market cap:** 4 Million + +**Hodlers:** 1100 +Earlier today I got an award for a comment mentioning DRS, with the following message: + +"Enjoy the gold, love Tendies for iOS." + +Suddenly everyone mentioning DRS is getting gold as well. + +&#x200B; + +[Message attached to the anonymous gold awards.](https://preview.redd.it/xabpy0vzqmv71.png?width=1390&format=png&auto=webp&s=5445338ab823ecc2f033abb3809a13e6ed30f211) + +Clicking on the link leads to their landing page for the app Tendies.@f. + +&#x200B; + +[the iOS highlighted link leads here.](https://preview.redd.it/3srsusq3rmv71.png?width=1880&format=png&auto=webp&s=39c3bdca8a744c574cd66ce67b58d07285a86a69) + +&#x200B; + +I decided to look into who is spending thousands of dollars on gold, and why they're featuring an account made in 2007 with a single post in it's history as the OP in the cringy, shitty memes in their screenshots. + +This led me to the company Panda Squad, Inc., who seems to have no other apps out, [despite being a tech company since 2017.](https://www.bloomberg.com/profile/company/1626407D:US) (source: Bloomberg). It's based out of an apartment complex in San Francisco as well. + +[Developer info for the app.](https://preview.redd.it/rwmkikwfrmv71.png?width=896&format=png&auto=webp&s=78a5dd7c66cbabf5974d05cf47b5d009a1ee85d3) + +The listed domain, Panda.@f, is not even active anymore and may even be available, yet another red flag. + +&#x200B; + +[Trying to visit the domain listed on the App Store and on Bloomberg, where did it go?](https://preview.redd.it/eq1gd7hprmv71.png?width=1062&format=png&auto=webp&s=bd81546a04761c1371cfe43f49941a36f73dabb1) + +&#x200B; + +I don't have an iPhone and don't want to risk downloading their app anyway, but they want permissions to integrate to your reddit account via their app and who knows what else. + +[Just the basic permissions requested from the landing page, their privacy and data policy doesn't show up anywhere.](https://preview.redd.it/gyuveou8smv71.png?width=386&format=png&auto=webp&s=4400bed5ce9f82e191d813aa29b879cc79ee231f) + +As much as I wish this was some cool hype from someone on our side, it's nothing more than a shit marketing campaign and waste of money by some shady app developer, backed by god-knows-who and trying to get some kind of information from apes. + +Be safe out there y'all. + +Apes together strong 💜🦍💜🚀 +This kind of thing is very attractive to me because I'd like something to give my week structure. If I had to be somewhere for three days a week and I could bring home about $1,500/month I'd be in great shape. I would only have to do this for about six years before social security kicked in. + +I'm curious to know if anyone has done something similar? And I'd love to know what career/job you left and what you do now. I'm looking for something completely different than what I currently do which is advertising. +My wife and I disagree on how to approach our new car loan. We're planning on putting down $10K on a used car and finance the remaining $7-8K. We've been pre-approved for the loan through our credit union at 1.95% interest. Is there any advantage to paying off the loan as fast as possible (3-4 months) as opposed to making the monthly minimums at our low interest rate? We mostly put her entire salary into savings ($3.5k/m), but we are trying to save for a down payment on a house. +>The Dow Jones Industrial Average traded 900 points higher, or 3.3%. The S&P 500 jumped 3.1%, while the Nasdaq Composite advanced 2.9%. + +https://www.cnbc.com/2020/03/03/dow-futures-show-300-point-pop-as-early-super-tuesday-results-favor.html +August 2020 I started DCAing when btc was around 10k. Minimum wage delivery driver. Put everything onto a hardware wallet. + +January 2021 holdings already were mind blowing when it hit 25-28k. I discovered Celsius during this time. I removed all the money from my hardware wallet onto celsius, took out loans, redeposited the loaned crypto, and took out more loans against the borrowed crypto. + +Kept delivering food, spent every dollar on BTC . Threw it into celsius and kept borrowing against the assets. + +August 2021 Parents kicked me out of house. I had about $50,000 of btc and e. I didn't want to cash out because I thought it was going higher. So I lived in my car and continued delivering food. I didn't eat, and instead spent all money earned on BTC and put into celsius. + +I lived in my car and delivered food for probably 3 months. + +November 2021, I had about $70,000 and a paid off car. + +December 2021, 1 month after the top, I applied and got approved for multiple credit cards. I balance transferred probably $7,000 and bought the top. + +January 2022, I had $6,000 in a Roth IRA. I cashed out of the Roth IRA and used all that money to put into BTC. + +I learned how to use defi, and transfered some money out of celsius onto defi, and thought I was making money. + +June 2022 comes around, Celsius runs with all my money. All I had left was whatever money I transferred to defi. I took that money, paid off whatever I could, and moved back in with my parents. + +June 2022, I had 0 dollars invested. 0 dollars in cash. $5,000 in credit card debt. + +July 2022 I continued delivering food trying to erase the credit card debt. BTC finds new lows, and I had no money to invest. + +September 2022 I find a sales job and use the money to pay off the debt and DCA into BTC. + +December 2022 I get fired from the sales job for not hitting the numbers but I leave debt free and with 1k cash and 1k dollars worth of btc. + +Today, I am back to delivering food living with my parents with no debt, but only 1k cash and 1k dollars of btc to my name. + +It is the bottom, only up from here, and I am scrambling to try and get back to where I once was. I don't know if I'll ever be able to get to the BTC stack I once had. + +&#x200B; + +Lessons learned: + +I will only buy bitcoin from now on in terms of currencies. + +I will only use a hardware wallet from now on. + +I will try to learn to spend money from now on so I don't see $70,000 melt away for nothing. + +I will try to learn to diversify just a tad bit more so that way the pain isn't as bad during bear markets. + +I will try to resist balance transferring my credit cards, but I truly can't promise myself that I won't do this again in the future, because I really might. (I want to do it right now because I'm convinced we are in a macro bottom) + +I will not rub it in people's faces during bull runs and instead try to be generous to other people. During the bull run, I let everyone around me know (friends and family) that I was right the whole time, I outsmarted everyone, I was too good for a regular job everyone that thought they were better than me can never catch up to me, etc etc. Which was a big mistake and now I am the biggest clown during the bear market. + +Now I think being generous to people in your close network will build trust, and their trust is a valuable asset, so it's like diversification in a way. + +I will try not to watch too many crypto Youtubers. I will admit that watching them did make me money, but it also lost me money. I will try to watch only the quality YouTubers, but also not only watch just 1 or else I might fall into an echo chamber. + +I will try not to stare at charts too much anymore. During the bull run, I would refresh prices like i was checking social media. + +I will not talk to any friends or family about bitcoin. + +I will put some money into a Roth IRA but I will not take it out like last time. But I will still invest a majority BTC. + +I will try to find a job so I can buy BTC +I had a thought recently that I wanted to share. Considering how the media loves to publicize everything GameStop and Ryan Cohen, I found it oddly peculiar that they've been mute about a 40 minute long interview. + +The only thought I had was, if they broadcasted the interview, it would provide credibility or at least attention on GMEDD.com or even his recent books he published. Considering the silence, I can't help but think the situation is precarious or just close (finally) to vertical velocity. + +Happy holidays everyone!!! +For Christmas 2020, I gave my godson (10 years old) $100 to invest over the course of the year. He could pick between CDs, real estate, stocks, or mutual funds. I made him a kid-friendly video to explain each option. + +He chose to divide his money between a CD, and Amazon, Microsoft, Home Depot, and Sony stocks. Every month I'd give him an update, and he ended up raking in an extra 20%. I posted about this when I first started, and people were (rightfully) concerned that a kid wouldn't love the idea, or that he'd get bored. But he LOVED it! He was so excited to receive his envelope of capital gains at Christmas, and it showed him on a kid-level how investing works. He was so excited to get his new $100 for 2022 and try to strategize to beat his 20% of last year. So far, he's lost $10, but that's a good lesson as well. + +Just wanted to share because it was such a success and it might be helpful to parents or uncles/aunts who want to teach the kids. Here's the video I made him: (Mods, I'm not selling anything, this is just for fun.) + +https://www.youtube.com/watch?v=udbuSHN9klM +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## flair links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**Want to learn more?** [**Check out our extensive Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **and** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I am currently 22 years old and about to graduate college. Thanks to so previous business ventures, I am currently sitting at a networth of around 275k. + +I was bored and looking at houses in the University neighborhood I'm currently in and saw two houses that really caught my eye. They are about a 5-10 minute walk away from campus, and are about a block away from the big party street (hoping this will save me from rambunctious tenants) + +After looking at the numbers, I could afford to buy one of these houses outright, and put 20% down on the cheaper of the two. This being said, I know I won't be able to rent the houses out for a full year as most students already have housing for next year (I'll still market a little but assuming the worst). After I take care of all costs, taxes, mortgage, etc. I would have around $15,000 left in my bank by the time I was able to start filling tenants. + +My question is am I being to optimist? I've renting in this same exact neighborhood for the last two years and I know how much rent goes for. Assuming that I am able to fill 9 tenants every single year, I'll be able to pay the second house off in about 9.5 years and would eventually want to get more houses. Am I missing some part of this? I would like to look at and speak with the realtors, try to negotiate prices, and take a look at the houses to get a better idea of what I'm looking at. + +When it comes to repairs, I am really handy. My father was a contractor and I learned everything from him. Most repairs, painting, general "fixing up" I would be able to handle myself. + +Is both houses a bad idea? Should I just go for one? Is this whole plan stupid? I would love to be able to hear advice from people who actually do things like this, and if a college town is just too risky of an area. +I'm 42 years old, NW of approx $2.5M, recently promoted to regional president for a Fortune 50 company. Making approx $350k for the past 3-4 years and \~$500k going forward (with bonus, equity, etc). In addition to my public equity holdings, I have 5 rentals (not AirBNBs) in a major, high demand metro area. My current plan is to be in acquisition mode for the next 5 years to reach 20-25 doors and then start to pay them down to generate cash flow. A short while after that starts, I hope to retire as they continue to pay themselves off and snowball more cash flow. + +What are the flaws in this approach? Am I thinking too small? + +Is it better to save up $400-500k in the next few years and just make the leap asap to a 8-12 unit complex? + +Thanks! +Please advise, I am not sure if is better to wait until prices go down significantly or not, one never knows if really the crash is coming this year or when. + +Thanks in advance. +I’d like to start trading. My goal is to learn as much as I can while I save money from job until 2023. + +I’d like to know how much I should put aside for it as a first time trader. +Hi! I am 23 years old and I make $45,000 annually but am getting a promotion soon and will make about $50,000. I live in a high cost city so almost half my current paycheck goes to rent and living costs. I have been putting about $500 a month into my savings account, sometimes less, sometimes more. My savings is currently at $22,000 and I have 1% of my salary being deposited and matched in a 401k (I plan on increasing this to the match max come November open enrollment). Should I also put money in a Roth IRA or another investment? How should I go about finding what to invest in? + +I am also interested in buying a house in a few years and to rent out the other rooms to save money... idk if this is actually possible but it’s something I’d like to factor in for the time being. +https://www.businessinsider.com/tesla-can-be-thanked-creating-a-growing-ev-market-2020-10 + +A decade ago, no major automaker was going to bet on a non-existent electric-vehicle market. Big Auto was happy to sit back and watch Tesla try to create a new segment. But now, almost every carmaker has announced significant electric-vehicle ambitions for the coming decade. + +Make no mistake: Without Tesla, this wouldn't be happening. We'd still be asking the circa 2006 question, "Who killed the electric car?" if Tesla hadn't reset the EV race in the years before the financial crisis, narrowly avoided bankruptcy, and positioned itself to deliver half a million vehicles in 2021 (and gift investors with a 9,200% return). + +Now, the global EV market is poised to grow, especially in China, where auto sales are already millions more annually than in the US, with the potential to top out at twice what the US sees every year, around 16-17 million new cars, trucks, and SUVs. A large percentage of those new sales could be electric, and automakers don't want Tesla to capture them all. + +Thanks for the awards. +As the Fed begins their perilous journey into Quantitative Tightening, markets are going awry. With the disconnection of the liquidity hose and the return of rising interest rates, [**Strange Things**](https://imgur.com/a/WKjyHZQ) are going on in assets, currencies, and the largest market of all, bonds. We are quickly being led into a place few have ever visited, and fewer have returned from alive… + +&#x200B; +