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@@ -0,0 +1,10000 @@
+Let us not forget the NYSE is closed to observe
+-Presidents’ Day 2/15 
+-Good Friday 4/2
+You take those into account and my friends you have 21 days between them EXACTLY. 
+
+Want to confirm your ape bias even further, let’s go back 21 days from 1/26 and look...oh man 12/28 only +4% guess the theory is out the window...except the market is closed MLK 1/18 New Year’s Day 1/1 and back into the 2020 calendar year Christmas Day...so three trading days behind 12/28? 
+
+12/22 +25% and this was before retail really piled on and realized the fuckery behind these shorts.  
+
+TL/DR; GME is on a cycle of T-21 micro squeezes and each one makes the starting floor higher and higher. Aka hedgies fucked. 🚀 
+
+The floor is $10,000,000 now Melvin, have Elon put our tendies on the next SpaceX rocket because we’re gonna be on the moon. 
+
+Bonus TA: I’ve noticed big price moves the day after GME ends with really tight daily candles AKA the Doji candle and today’s is just that. (Have a look at the daily candles on 2/23 and 1/12) Also we’re sitting comfortably on the 50EMA and MacD is begging to cross! i know TA doesn’t apply to GME but Algos who pick up buy signals on these TA trends might flock to GME tomorrow giving us the volume we need for another +90% day.
+
+Edit: The 3/25 move would’ve been much larger but the earnings+shorts drove price down a mega fuck ton before hand so the mild increase was hidden behind that. In my opinion
+
+Edit 2/ I know no dates and I’ll get crucified if this is wrong and idc, this is the most fun I’ve ever had in my entire life. This entire GME saga has taught me so much about the market and economy, more than any amount of education. I love making outlandish claims, eventually some shit will stick to the wall and I hope it’s this Apes’ shits
+***\*You can read the article with the images*** [***here***](https://springloading.substack.com/p/insider-purchasing-activity-for-316)***\*.***
+
+Hey all!
+
+Due to the coronavirus, a ton of executives are participating in unusual compensation/purchasing activity. So I have begun scraping the SEC website to see which executives are purchasing, selling, or being awarded stock for no known reason except that the stock price is extra low and they may just be buying their stock at a discount (or selling it before it crashes further).
+
+Obviously, we don't know how long the coronavirus may keep the market down, but this can help us see which executives believe their stock will rebound nicely and which believe it will continue to decline.
+
+# 1) RBB Bancorp - [$RBB ($14.00)](https://finance.yahoo.com/quote/rbb/) - Purchasing Activity
+
+From [Yahoo Finance](https://finance.yahoo.com/quote/rbb/):
+
+>RBB Bancorp operates as the bank holding company for Royal Business Bank that provides various banking products and services to the Chinese-American communities.
+
+Taking a look at the [Form 4](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=1499422&type=&dateb=&owner=include&start=0) activity below, we can see a ***ton*** of purchasing activity over the last 10 days (I couldn’t even fit them all in a screenshot)!
+
+📷
+
+And some of the purchases have been quite large.
+
+📷
+
+Taking a look at the individual [Form 4](https://www.sec.gov/Archives/edgar/data/1499422/000120919120019033/xslF345X03/doc4.xml)s, we can see that they don’t mention that the purchases are for any form of pre-arranged agreement. It looks like the directors and executives are just looking to get some stock on the cheap.
+
+📷
+
+# 2) Goodrich Petroleum Corp - [$GDP ($3.73)](https://finance.yahoo.com/quote/gdp/) - Purchasing Activity
+
+From [Yahoo Finance](https://finance.yahoo.com/quote/gdp/):
+
+>Goodrich Petroleum Corporation, an independent oil and natural gas company, engages in the exploration, development, and production of oil and natural gas. It primarily holds interests in the Haynesville Shale Trend in northwest Louisiana and East Texas; Tuscaloosa Marine Shale Trend located in southwest Mississippi and southeast Louisiana; and the Eagle Ford Shale Trend situated in South Texas
+
+Taking a look at the [Form 4](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=943861&type=&dateb=&owner=include&start=0) activity, we can see a few purchases made by the executives about 5 or 6 days ago.
+
+📷
+
+While only 3 executives made purchases and the amounts purchased aren’t massive, they were made by their 3 highest-ranking executives who almost never make open market purchases.
+
+📷
+
+Taking a look at the Form 4s gives us no reason for the purchases. It looks like these executives may be looking to pick up some cheap stock.
+
+📷
+
+# 3) Welbilt, Inc - [$WBT ($6.82)](https://finance.yahoo.com/quote/wbt/) - Purchasing Activity
+
+From Yahoo Finance:
+
+>Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide.
+
+Taking a look at the [Form 4](https://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001310250)s, we can see a few executives made some large purchases a few days ago.
+
+📷
+
+While only 3 executives made purchases, they are very substantial purchases and were made by executives that very rarely/never make open market purchases like this.
+
+📷
+
+Once again, we see that the [Form 4](https://www.sec.gov/Archives/edgar/data/1310250/000165096220000048/xslF345X03/wf-form4_158395876145536.xml) makes no mention of any reason for these stock purchases.
+
+📷
+
+# 4) Prosperity Bancshares Inc - [$PB ($56.61)](https://finance.yahoo.com/quote/pb/) - Purchasing Activity
+
+From [Yahoo Finance](https://finance.yahoo.com/quote/pb/):
+
+>Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to small and medium-sized businesses, and consumers.
+
+Taking a look at the [Form 4s](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=1068851&type=&dateb=&owner=include&start=0), we can see a bunch of purchases made a few days ago.
+
+📷
+
+Taking a deeper look at some of the purchases made, we can see some pretty massive purchases being made by some very high-level directors and executives.
+
+📷
+
+Digging into the [Form 4](https://www.sec.gov/Archives/edgar/data/1068851/000120919120018094/xslF345X03/doc4.xml)s, we do see that some of these purchases are part of the executives’ 401K plans. However, these are still large purchases by the executives.
+
+📷
+We're planning to start a family soon and we've started looking at nearby nursery costs in London. It's blown my mind a bit the numbers I'm looking at... 2k a month on average. 
+
+This is a ridiculous amount of money and would require a lot of sacrifice and cut back to our lifes. We enjoy travelling, going out etc, spending on our hobbies but also save a good amount into ISAs and pension. 
+
+I guess my question is how do you manage mentally. We can make it work but I just feel it would be so depressing those early years where all we can pay for our bills and childcare. 
+
+Does it get better? Imagine year 1 to 4 is awful but after primary school starts it's back to normal? Unless we want another one
+Hi, I am a non-EU national living in Germany.
+
+Looking for some critical take/ comments on my portfolio :
+
+35 % : IE00B4L5Y983 (iShares Core MSCI World UCITS ETF)
+20 % : IE00BKM4GZ66 (iShares Core MSCI EM IMI UCITS ETF USD (Acc))
+
+20 % : DE0002635307 (iShares STOXX Europe 600 UCITS ETF (DE))
+
+12.5 % : IE00BF4RFH31 (iShares MSCI World Small Cap UCITS ETF USD (Acc))
+
+12.5 % : IE00B3XXRP09 (Vanguard S&P 500 UCITS ETF - (USD) Distributing)
+
+
+My plan is to have a Geographical allocation of 60 % North America, 20 % Europe and 20 % Asia and was thinking of the above portfolio as my long term strategy.
+
+About me :
+I am 25 years old and I am investing for a time horizon of 10+ years. Since I have just begun investing, I am putting in monthly amounts of 200 €.
+
+Any comments/ criticism is very much appreciated.
+Lets say you find 100K USD under your mattress on Jan 1 2022. You are still 7-12 years away from retirement but are seriously beginning to think about generating enough income to retire much earlier. Assume zero debt. You do have other investments in place but the main objective from tis 100K chunk is to generate income and grow the principle amount.
+
+Some choices that come to mind are to invest in 
+
+A. Index ETFs that pay some dividend - SCHD, VOO etc.
+
+B. Quadfacta and similar high yielding instruments - QYLD, JEPI, NUSI, DIVO, GOF, BIT, BST etc.
+
+Don't forget the super elevated stock prices currently and in January.
+
+So, how would you go about deploying 100K in first two months of 2022 to generate income and have 4-5% growth at least?
+TL;DR - I’m a military veteran looking for the best way to set my 14 y/o son up financially over the next 4 years using his social security benefits. 
+
+My son’s mother passed away in September of 2020, and my son is now starting to receive monthly payments from the social security administration. He’s 14 so the payments will only last until 18, or the completion of high school, whichever is later. Admittedly, I don’t have any great knowledge on finances and need advice on how to best invest this money for him. For a bit of context, I’m a military veteran that has qualified for the GI Bill and other educational benefits for me and my family that will cover tuition and associated costs, so I don’t feel that we need the college security that a 529 plan would offer. Besides that, my dear boy isn’t giving off those “I want to go to college” vibes, which is fine. I’m not someone that believes college is necessary for financial success. As an alternative option, I’ve seen people speak about Roth IRAs on here and in other Reddit pages, but again, I don’t know much about how those work. Any advice is appreciated.
+This is my current situation. Just started my first full time job. Is my plan solid, or is there anything I should tweak? Doing my best to make the most of my salary in terms of balance.
+
+Net monthly pay ~ 4,900
+Checking’s Account ~ 12,000
+Savings ~ 0
+
+Rent ~ $1890 + 100 utilities (550 sqft studio in Chicago)
+Food ~ $500 per month
+Transportation ~ $100 a month (NO CAR/walk 25 mins to work or work remote)
+Insurance ~ $0, on my parents health ins.
+Going out (food/alcohol) ~ $150 per month
+Entertainment/personal ~ $300 per month
+Savings ~ $400/600 Roth 401k and Roth IRA, any left over to personal savings
+Girlfriend ~ $0-4900 a month… jokes lol
+
+Student debt ~ $2,200 total, start paying in January 2023
+
+Questions:
+- What should I do with all the money in my checking? 
+- How can I improve my budget?
+- Literally any good advice (:
+I had a massive personal apocalypse 3 years ago (I woke up in my body, it was intense and quite strange) went $12k in credit card debt with $6k in car debt. 
+
+I switched careers 1.5 years ago and took a night job at Starbucks, got intent and payed everything off. I now have no debt and $7k in savings. This is more than I have ever had in my life. 
+
+Managed to put 33k in an IRA but don't know what to do with it. 
+
+Got myself into investing $7k in an IUL which I am hearing is not a good investment and should be dropped immediately. 
+
+Take home is $3800 per month. 
+Monthly expenses are $1300 including rent, phone, car insurance and groceries. 
+
+Right now I am just saving the rest. 
+
+Not sure what to do with it. I have been looking at JL Collins and Mr Money Mustache and am looking at the FIRE path. 
+
+Honestly, I am just tired and looking for some guidance as I feel I am too old to make another mistake. 
+
+I want a modest house and to retire before 50. 
+What do I do to make that happen? 
+
+I will gladly provide info as needed. Thank you in advance. 🙏
+* Fed policies could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC.
+* “I can’t find any period in history where monetary and fiscal policy were this out of step with the economic circumstances, not one,” the chair and CEO of Duquesne Family Office said.
+* Though he agreed with the early steps the Fed took during the pandemic, he said the policies have continued for too long.
+
+Federal Reserve policies aimed at keeping markets and the economy afloat during the pandemic could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC on Tuesday.
+
+The chairman and CEO of Duquesne Family Office said the Fed’s insistence on holding interest rates down and buying trillions in bonds even though markets are thriving and the economy is booming is a long-term risk.
+
+“I can’t find any period in history where monetary and fiscal policy were this out of step with the economic circumstances, not one,” Druckenmiller said during a”Squawk Box” interview.
+
+Though he does not take issue with the Fed’s initial actions to combat the pandemic-related threats, Druckenmiller said the central bank has kept its foot on the accelerator too long.
+
+He asserted that the Fed has continued its policies to help underwrite the spending binge in Congress, which has allocated more than $5 trillion in stimulus and is contemplating trillions more in infrastructure-related spending.
+
+Over the long haul, he said, the policies and the heavy debts and deficits they support will threaten the dollar’s standing as the world’s reserve currency. That status means the dollar is accepted for transactions and as a store of wealth anywhere and is widely held by central banks around the world.
+
+“If they want to do all this and risk our reserve currency status, risk an asset bubble blowing up, so be it. But I think we ought to at least have a conversation about it,” Druckenmiller said.
+
+“If we’re going to monetize our debt and we’re going to enable more and more of this spending, that’s why I’m worried now for the first time that within 15 years we lose reserve currency status and of course all the unbelievable benefits that have accrued with it,” he added.
+
+To be sure, others have warned in the past that Fed excesses could threaten the dollar, but the greenback has retained its position in the world.
+
+One reason for that is there have been no other viable alternatives introduced.
+
+Druckemiller has entertained the thought that a challenge could come from the crypto world. He said in the CNBC interview that the ultimate solution could be “some kind of ledger system invented by some kids from MIT or Stanford” though he conceded that “I don’t know what it will be.”
+
+However, he noted that in the early days of the pandemic, other foreign governments already voiced their concerns about the dollar by selling Treasurys, the opposite of what normally would happen in a crisis when ultra-safe U.S. debt is generally seen as a haven.
+
+Indeed, foreign holdings of government bills, notes and bonds actually have decreased, falling by $127 billion or nearly 2% over the past year, according to Treasury Department data. Foreigners hold nearly one-third of the public portion of the $28.2 trillion U.S. debt.
+
+Druckenmiller said central banks have been the root of a lack of confidence in dollar stability.
+
+“The problem has been clearly identified. It’s [Fed Chair[ Jerome Powell and the rest of the world’s central bankers,” he said. “There’s a lack of trust.”
+
+Druckenmiller’s comments came a day after he and Duquesne partner Christian Broda said in an opinion piece for The Wall Street Journal that Powell “needs to recognize the likelihood of future political pressures on the Fed and stop enabling financial and market excesses.”
+
+Similarly, former New York Fed President William Dudley wrote in Bloomberg News that markets are underestimating how much the central bank will have to raise interest rates in the years ahead to keep up with the inflation it is trying to foster.
+
+The Fed itself, in its semiannual Financial Stability Report last week, said it worried about risks coming from soaring asset prices.
+
+Druckenmiller told CNBC he has “no doubt whatsoever that we are in a raging mania in all assets.”
+
+https://www.cnbc.com/2021/05/11/stanley-druckenmiller-says-the-fed-is-endangering-the-dollars-global-reserve-status.html
+Is it just me?
+
+I've been following the market for a while and only invested recently but from what I've noticed there is huge money to be made (and lost) during global events.
+
+Now, everything seems ridiculously intertwined and eventually much of the world will probably face water shortages, lunatics are in places of power, etc... it's easy to invest in something that has immense value in a perfect world, but then you must consider also that it is worthless if shit hits the fan. Maybe I'm just crazy...
+The 2019 nobel prize went to Abhijit Banerjee, Esther Duflo and Michael Kremer for their work on using randomized control trials (RCTs) to study poverty. 
+
+--- 
+* [Official Nobel Announcement and Press Releases](https://www.nobelprize.org/prizes/economic-sciences/2019/press-release/)
+* [Marginal Revolution Coverage](https://marginalrevolution.com/marginalrevolution/2019/10/the-nobel-prize-in-economic-science-goes-to-banerjee-duflo-and-kremer.html)
+* [NYT Coverage](https://www.nytimes.com/2019/10/14/business/nobel-economics.html)
+* [Nobel Prize Interview with Duflo](https://www.youtube.com/watch?v=5Ov8TPUr1Tk&feature=youtu.be)
+* [Swiss TV Interview with Banerjee and Duflo](https://www.youtube.com/watch?v=w07K3l8V9YQ&app=desktop)
+* [WSJ Coverage](https://www.wsj.com/articles/nobel-prize-in-economics-awarded-11571046679?mod=e2twe)
+* [Poor Economics](https://www.amazon.com/Poor-Economics-Radical-Rethinking-Poverty-ebook/dp/B007CI81IQ) Banerjee and Duflo's book summarizing much of the research that won them the prize.
+I have done the Babypips course. I have a good understanding on many topic except leverage and the dangers of it.  Can someone recommend a YouTube type video that is dummy proof for someone like me?  I am trying to understand it in a real life scenario along with stop loss but I am not making a connection to it yet.  I am hoping someone can point me in the right direction that can be break it down for me. Thank you.
+
+Edit:  thank you for all the response. It’s starting to make sense but I need to spend more time researching.
+Typical disclaimer: I am retrieving Finra ADF (OTC dark pool) data from Fidelity using Time & Sales and running it through some spaghetti code I threw together for analysis purposes. As always, if you notice any errors in my data please point them out as **I am prone to making mistakes and I'm no wrinkle brain**.
+
+For additional information, and understanding how I am doing all this, [please read my post from last week.](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/?utm_source=share&utm_medium=web2x&context=3) I highly recommend reading my last post because it will better frame what I'm about to present.
+
+**SOMEONE IS FUCKING AROUND WITH DARK POOL TRANSACTIONS!**
+
+**A large amount of 1 share size transactions are being channeled to the dark pools outside the NBBO and sometimes in excess of $3!!!!!**
+
+Here is GME Finra ADF data:
+
+https://preview.redd.it/kdu1zgiwxay61.png?width=869&format=png&auto=webp&s=43740f0564aafa5d153e18c46d188fd4adb1c83e
+
+https://preview.redd.it/fdkicgiryay61.png?width=1001&format=png&auto=webp&s=e09d447aa3f254afa1a2eb317b2fc69b75fd2a56
+
+Here is GME from 9:30-10am for NYSE exchange.
+
+https://preview.redd.it/9c49x1b8cby61.png?width=745&format=png&auto=webp&s=d22e41812e24cb4a12599553c6f91884eb747a95
+
+u/dlauer Since you may have missed my post from Thursday, I invite you to shed some light on what is happening. Currently, this appears to be evidence of price suppression combined with price gouging of customers through the use of OTC dark pools. At minimum, someone is executing trades through the dark pools outside of the NBBO and in violation of reg NMS. It happened for the first time (that I've ever witnessed) on Thursday 5-6 and is again actively happening right now!
+
+~~I have not verified whether~~ Other stocks are being manipulated the same way they were last Thursday.
+
+Edit:
+
+I checked AMC to see if it's happening again to other stocks and found that it is:
+
+https://preview.redd.it/vjt9k79p9by61.png?width=745&format=png&auto=webp&s=82cd5eee8b45a45f2f13dd7d844fbe0cf31e3157
+
+Edit3:
+
+https://preview.redd.it/yqqlbb87pdy61.png?width=1327&format=png&auto=webp&s=fb722bfed151095071b87ca38a8a08190f730e7e
+
+Here is the cumulative data for today (5-10). **It appears whatever was happening ceased before 12:00ET.** Suspicious that the timing coincides with when my post started getting traction. I'm not gonna jump to conclusions though.
+
+Here's a chart with the corresponding impacts outlined:
+
+https://preview.redd.it/3qmnaevrpdy61.png?width=1242&format=png&auto=webp&s=94f0147f151688926bee9e2f4f5096292477ee90
+
+Large frequency transaction prices:
+
+9:30AM-11:00AM - Above Asks
+
+* $161.755 (9:30:12ET - 9:43:11ET)
+* $157.525 (9:43:21ET - 9:43:22ET)
+* $157.31 (9:43:27ET - 9:58:22ET)
+* $154.09 (9:58:44ET - 10:13:10ET)
+* $154.02 (10:13:27ET - 10:28:20ET)
+* $153.845 (10:28:39ET - 10:43:22ET)
+* $151.155 (10:44:05ET - 10:58:08ET)
+
+11:00AM-12:00PM - Below Bids
+
+* $154.02 (10:16:05ET - 10:22:05ET)
+* $150.955 (10:58:34ET - 11:13:20ET)
+* $151.38 (11:13:46ET - 11:28:18ET)
+* $152.25 (11:29:23ET - 11:37:57ET)
+
+Here's the number of transactions at each of the above price points. I may need to look further into $154.02 since it appears on both sides and is almost a wash in transaction count.
+
+https://preview.redd.it/700s34mfwdy61.png?width=390&format=png&auto=webp&s=f49c073fccc97a8b3103f8d75b42e32fc49cd2bd
+
+Edit4: Analyzing delay from NBBO.
+
+[Here is my google doc for analyzing time delay from closest NBBO price vs execution](https://docs.google.com/spreadsheets/d/1PQPaQSRMHMPT20hYVKKTG7_QIGG1WIXKoR-6X1G8B6I/edit?usp=sharing)
+
+The 1st tab contains all the transaction data from 9:30am-10am including all exchanges. Use this to confirm what I'm reporting and verify if I'm making any mistakes.
+
+The following tabs contain data from the closest NBBO timestamp and then the corresponding batch of transactions including all the outside NBBO orders in order to match that NBBO.
+
+* $161.755
+   * Row 56 - 9:30:02ET - Begin NBBO
+   * Row 409 - 9:30:36ET - Last entry within that NBBO
+   * 34 second delay
+* $157.525
+   * This batch appears to have a corresponding supply of matching NBBO range
+* $157.31 (The Dark orange highlights are NBBO price ranges permissible for $157.31)
+   * 1st noticeable gap
+      * Row 682 - 9:43:53ET - Begin NBBO
+      * Row 3601 - 9:47:37ET - Latest entry within that NBBO
+      * 3:44 delay
+   * 2nd gap
+      * Row 4095 - 9:48:24ET - Begin NBBO
+      * Row 13590 - 9:58:22ET - Last entry within that NBBO
+      * 9:58 delay (almost 10 minutes!)
+
+Edit5: I'll pick this up in the morning. I'm exhausted.
+
+​
+
+Edit2:
+
+[Dave confirms manipulation is "without a doubt" happening and is "shockingly rampant"](https://youtu.be/AYct0XX0uTU?t=1949)
+
+[Dave states in regards to dark pools "You cannot trade outside the NBBO. That is the rule in US markets."](https://youtu.be/AYct0XX0uTU?t=3502) It's either 610 or 611 and is the "backstop for best execution" & "you cannot get outside of the protected quote."
+
+[242.610 Reg NMS - Access to Quotations](https://www.law.cornell.edu/cfr/text/17/242.610)
+
+[242.611 Reg NMS - Order Protection Rule](https://www.law.cornell.edu/cfr/text/17/242.611)
+
+I have now watched Dave's AMA 10 times and probably will need to watch it another 10 times.
+
+~~I am beginning to suspect, since he says that he "cannot say a ton about that" (when discussing manipulation), that he may not be able to provide insight or clarity into this situation due to other reasons. I hope that I am wrong and I sincerely hope that he chimes in eventually. For now, however,~~ **I will begin compiling my data to prepare a submission to both the SEC & Finra.**
+
+Edit6:
+
+I've spoken with Dave and he does not see these trades outside the NBBO in their data. He suspects the transaction data that Fidelity is providing is probably inaccurate. My next step is going to be calling Fidelity and inquiring about the quality of their data. I'm sure Dave is correct, but I still intend to do the due diligence of learning how Fidelity acquires their data and the accuracy of it. Per his recommendation, getting quality SIP data will cost \~$750/month - which is something I'm honestly not prepared to fork up at the moment. Thanks again, u/dlauer & team, for taking the time to investigate this for me and for providing suggestions. I greatly appreciate the help.
+
+​
+
+I'd also like to sincerely thank everyone for commenting & awarding this post to help get traction. I will be updating it throughout the day once I finish with the data.
+
+[Here is my post from last week covering the first occurrence of this market-wide manipulation](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/?utm_source=share&utm_medium=web2x&context=3)
+
+​
+I'm a beginner to investing first off, i've had a look at other posts in this subreddit and not found exactly what i'm looking for.
+
+I've got a steady job now, and have enough savings for about 4-6 moths of living expenses saved up and wanted to set up a stocks and shares isa. It would be a steady amount each month, around £200 pounds. From what i understand I would want to diversify, but my question is at that amount each month would I be best off investing in stocks/funds with high dividend yields to re-invest back into the s&s isa account, and should those be LSE based?
+
+​
+
+TLDR: At its most basic form, the question is what is the best stuff i can put in a s&s isa? 
+
+​
+
+Thanks!
+Is there a masterpost detailing all the inefficiencies of the healthcare market? 
+
+Healthcare is an industry that is drowning in information asymmetries, perverse incentives, tragedies of the commons, externalities, and moral hazards, right? 
+
+There are certainly many ways in which it deviates from an idealized market model, but have all those ways been identified? 
+The sensible thing to do in my position is to sell and enjoy some substantial profits, not life changing, but enough to buy a nice average car for example. 
+
+Stubborn me refuses to sell as I’d hate to think how I’d feel if I looked at prices in the future and realised I could have paid off my mortgage. So to sum up I’d rather lose it all than sell and miss out on mega profits. It’s rather stupid thinking.
+Seriously, if any of you were around about 3 years ago in the Bitcoin space, this is such deja vu. Every other week back then there were rumors and poorly translated articles that China was banning Bitcoin in some way shape or form. It always caused FUD, but why? Historically, things China have banned do very well: Facebook, Google, Twitter, Instagram, just to name a few. I see this as a bullish sign. Other countries and capitals (Russia, U.K., Switzerland, Dubai...) are scrambling to to rush Blockchains (and their tokens of value) into their societies as they see the immense technological and economic benefits. China is simply strange, and they have to control everything. It's their culture of fear. Just look at their history...Their Great Wall. Look up how many other weird things they ban (Brad Pitt, Big Bang Theory, seriously?!) and ask yourself again if any of this matters in the long run.  I for one am glad this is happening now and not after all the wonderful innovations to be announced in the near future that will lift the price and market awareness. So I say, Ethereum bans China!  GTFU!  You don't deserve this technology with all your stifling government controls. We don't need you and we don't want your bullshit in this space fucking shit up every other week. To the moon my friends. 🚀 🌙 
+It’s common to the point of being a cliché on these subreddits: the wealthy people complaining about their meaningless, purposeless, unfulfilling lives.
+
+Financial Independence is at its heart about achieving an extreme level of freedom, where constraints are removed. The Obligation of the Mortgage: gone. The Obligation of the Workday: gone. The Obligation of Maintaining A Luxurious Standard Of Living To Impress Your Neighbors: gone. 
+
+Many FI writers imply, or explicitly state, that these obligations should be replaced with your own personal desires after you RE. Some people default to Travel, because on the internet, everyone is supposed to like travel. Some people talk about volunteering in some abstract sense. Some people talk about hobbies. 
+
+It’s easy to see how rich people who fill their lives with nothing after their working careers are miserable. It’s less easy to see, but still fairly visible to careful readers of /r/financialindependence, that filling your life with nice sounding, but basically self-centered wants (self-enrichment through travel, self-enrichment through volunteering) doesn’t do it for a large number of people on anything better than a superficial level. 
+
+I think this is because of a fairly basic mistake in FI thinking. By removing the obligations of material scarcity in your life through savings and investment, you are not removing your obligations as a human being to the culture and society you live in. A financially independent person who wants to avoid a life of meaningless ennui needs to understand that what they do after they stop working needs to be – in large part – determined by your obligations to your fellow human beings. Not by what feels good in the moment.
+
+I don’t mean you need to start a school to teach Financial Independence and the 4% rule to 8th graders. FI is, in many ways, a system hack that will never be available (or even the right choice) for everyone in a society structured like ours. And I’m not saying that need to fight for Full Communism or some overarching political ideology. You don't.
+
+What I am saying is that, once you’ve eliminated material scarcity from your life, a good fraction of your energy needs to go to helping other people in specific and material ways, and which is *not* determined by your desire for self-enrichment, but rather by you obligation to your fellow humans. 
+
+Maybe this means teaching the working class neighbor kid who loves computers how to interact with APIs with python.
+
+Maybe it means starting a business from the ground up built around employee ownership, and with a culture designed to prevent life working there from being a miserable slog to retirement.
+
+Maybe it's a million other things.
+
+But don’t do it to make yourself feel fulfilled. Do it because you’re obligated, as one of the lucky ones.
+
+Tl;dr stop focusing on yourselves or you’ll be fucking miserable. You’ve got to pull other people up behind you.
+There has been talk lately of how we have been ignoring, or at least not paying enough attention to other players on the short side beside Citadel. I'm a January Ape who has heard of Point72 and Steven Cohen (mostly his tweet mocking us during the trading halts) and decided to look into them/him further. The corruption is.....overwhelming. I've been reading for a few hours now and can tell there is far more digging that needs to be done. Any help would be greatly appreciated and added to this DD.\\
+
+After getting flagged as spam on both superstonk and gme, I've removed all links in hopes that this time my post makes it through. I was never notified that either of my posts were flagged. Other users had to tell me.... I've also changed the title. Fingers crossed.
+
+​
+
+Who is Steven Cohen
+
+​
+
+Steven A. Cohen is an American hedge fund manager and owner of the New York Mets of Major League Baseball. Cohen and the New York Mets finalized a deal on September 14, 2020 to become majority owner, owning roughly 97.2% of the team. He is the founder of hedge fund Point72 Asset Management and now-closed S.A.C.
+
+​
+
+Where did Point72 come from?
+
+​
+
+Point72 Asset Management, L.P., is an American hedge fund. SAC Capital Advisors was founded in 1992 and converted its investment operations to the Point72 Asset Management family office in 2014. In 2018, the firm reopened to external investors after a two-year ban and began accepting outside capital.
+
+​
+
+Wait why would they be banned from having external investors? Good question.
+
+​
+
+* The SAC in SAC Capital stands for the initials of its founder, Steven A. Cohen.
+
+While Cohen has been in the federal government's cross hairs for years, he has not been charged criminally with any wrongdoing. But a number of his lieutenants have pleaded guilty or been convicted of insider trading charges.
+
+​
+
+* In March 2006, 60 Minutes reported on a lawsuit against SAC filed by Biovail, a Canadian pharmaceutical company which alleged that SAC had manipulated reports on Biovail in order to drive the price of the stock down.
+
+​
+
+* In July 2006, SAC Capital Advisors was one of three industry participants that were sued by Fairfax Financial Holdings Ltd (FFH) and accused of conspiring to manipulate the company's stock price. FFH alleged SAC Capital and two other hedge funds paid analyst John Gywnn and his employer Morgan Keegan to publish negative reports on FFH and drive its stock price down
+
+​
+
+* A 2013 article in Yahoo! Finance reported that SAC Capital Advisors had been under investigation by the Securities and Exchange Commission (SEC) for six years.
+
+\[23\] In November 2010, the SEC conducted raids at the offices of investment companies run by former SAC traders.\[24\]
+
+Several days later, SAC received what they described as "extraordinarily broad" subpoenas.\[4\] In February 2011, two former employees were charged with insider trading. In November 2012, federal prosecutors levied charges against additional former SAC Capital traders.\[26\]\[27\] Portfolio manager Michael Steinberg was arrested in March 2013 and accused of using inside information to make $1.4 million in profits for SAC Capital.\[28\] While awaiting a jury verdict, Steinberg fainted, recovered, and was convicted.\[29\] He was sentenced to three-and-a-half years in prison and ordered to pay a $2 million fine.\[30\] After the United States Supreme Court declined to review a United States Court of Appeals for the Second Circuit ruling on two related insider trading convictions, which made it difficult to prosecute insider trading cases, Mr. Steinberg’s conviction was dismissed.\[31\]
+
+​
+
+* Now called Point72 Asset Management LP, SAC pleaded guilty to fraud and paid $1.8 billion in U.S. criminal and civil settlements. Cohen was not criminally charged.
+
+​
+
+WOW! they paid 1.8 billion dollars and admitted guilt, but somehow Cohen just gets a slap on the wrist and a 2 year ban. They found e-mails to Cohen with insider information about Dell. He sold off right before a crash and saved $1.7 million. What was his defense? He doesn't read most of his e-mails....
+
+​
+
+Give this a read for more details on the case.
+
+[https://www.newyorker.com/magazine/2017/01/16/when-the-feds-went-after-the-hedge-fund-legend-steven-a-cohen](https://www.newyorker.com/magazine/2017/01/16/when-the-feds-went-after-the-hedge-fund-legend-steven-a-cohen)
+
+If this is the system running as intended ; it's broke. Anyway, one could make the argument that 1.8 billion is a good enough punishment right? RIGHT?!?
+
+​
+
+Well lets take a stroll back to 1992 where S.A.C got started. In 1992, Cohen started S.A.C. Capital Advisors with $10 million of his own money and another $10 million from outside capital. The company's name 'SAC Capital' derived from Steven A. Cohen's initials.
+
+​
+
+How does one come up with 10 mil in cash to start a business. Surely only from hard work and saving. /s
+
+​
+
+In 1978, after graduating from Wharton, Cohen got a Wall Street job as a junior trader in the options arbitrage department at Gruntal & Co.\[7\] His first day on the job at Gruntal & Co., he made an $8,000 profit. He would eventually go on to make the company around $100,000 a day\[9\] and eventually managed a $75 million portfolio and six traders.\[7\] Cohen was running his own trading group at Gruntal & Co. by 1984, and continued running it until he started his own company, SAC.\[9\]
+
+​
+
+​
+
+​
+
+Ok so I guess he worked really hard and earned it, my bad. Of course it could also be related to this.
+
+​
+
+Throughout the late 1980s, the Securities and Exchange Commission became suspicious that Cohen had used inside information in December 1985 when he bet that RCA and GE would merge, ahead of the announcement. The SEC called him to testify, but he refused to answer any questions, invoking his right against self-incrimination. Then, the SEC started looking into his other investments from the same period, especially those involving Brett K. Lurie.\[
+
+​
+
+​
+
+​
+
+Cohen made roughly 20 million from some very suspicious options calls right before a merge. What luck right? So that's where the money came from to start S.A.C. The whole thing was started from insider trading...
+
+​
+
+Here is another fun fact..
+
+​
+
+The company started trading with $25 million in 1992, grew AUM to $16 billion, and became the world's highest-returning hedge fund: SAC averaged annual returns of 30% net of fees under a 3% management fee and 50% performance fee from 1992 to 2013.
+
+​
+
+Seems to me that $1.8 billion is a small price to pay for that kind of growth...
+
+​
+
+So we know they are corrupt and we know they have employed the same tactics being used against GME, but how do we know they are involved with GME.
+
+​
+
+[https://www.reuters.com/article/us-sac-insidertrading-lee-idUSKCN1TM2IU](https://www.reuters.com/article/us-sac-insidertrading-lee-idUSKCN1TM2IU)
+
+​
+
+​
+
+This article shows how they bailed out Melvin alongside Citadel and another juicy piece of info.
+
+​
+
+Melvin founder and CEO Gabriel Plotkin served as one of the top portfolio managers at Point72’s predecessor firm, SAC Capital Advisors, before he left to start Melvin.
+
+​
+
+A few other interesting tidbits...
+
+​
+
+* Bharara, having amassed dozens of guilty pleas and convictions for insider trading, had come to enjoy the feeling of winning, and was not inclined to file ambitious cases unless he was confident of victory. He had just brought insider-trading charges against two S.A.C. employees: Michael Steinberg, a high-level portfolio manager who was close to Cohen, and Mathew Martoma, a former portfolio manager, who had made enormously profitable trades in two pharmaceutical companies, Elan and Wyeth, before Cohen fired him, in 2010. In both cases, it appeared to Bharara and his colleagues that Cohen had made money trading stocks on the basis of inside information that Steinberg and Martoma provided.
+
+​
+
+* (Horvath pleaded guilty to insider trading in 2012, but charges against him were dropped before sentencing, in 2015.)
+
+​
+
+* Steinberg and Martoma had been charged with insider trading, and six others from S.A.C. had pleaded guilty. (U.S. prosecutors withdrew the charges against Steinberg in 2015.)
+
+​
+
+* The time and energy prosecutors would have to spend trying the case, the years of appeals and arguments, all under close public scrutiny, would be excruciating. If it resulted in failure, the entire narrative of Bharara’s tenure would change.
+
+​
+
+* “They have been an important client to us,” Goldman Sachs’s president, Gary Cohn, said on television about S.A.C., just days after the U.S. Attorney for the Southern District of New York called the firm a “magnet for market cheaters” and alleged that it had “trafficked in inside information” on a vast scale. Cohn called S.A.C. “a great counterparty.”
+
+​
+
+* Eventually, Cohen hired a former Connecticut U.S. Attorney to be Point72’s general counsel and announced plans for a six-person “advisory board,”
+
+​
+
+* A federal judge in Manhattan on Friday threw out the 2013 insider trading guilty plea of a former trader at SAC Capital Advisors LP, the hedge fund once run by billionaire Steven A. Cohen, saying recent changes in the law meant there were not enough facts to support the plea.
+
+​
+
+* A passionate art collector, he would spend a hundred million dollars or more on a single work.
+
+​
+
+* Point72 is widely believed to have been an early investor in Melvin
+
+​
+
+Knowing that these guys are involved only furthers my resolve that mass fuckery is happening. I'll continue to buy and hold anyway.
+
+​
+
+edit1-addition from anonymous user:  Gabriel had legal issues at SAC When Plotkin was still employed at SAC Capital a scandal broke out. Federal prosecutors alleged that he was the recipient of illegal insider information. This was a serious crime. He was involved as a person of interest in the case that was investigated by the Securities and Exchange Commission. He was called Portfolio Manager B in the scandal. While his coworker was arrested and charged with the crime, Plotkin was not, however, it was alleged that he forwarded multiple emails that contained the illegal information.  Kenny G also worked there too that’s their relationship.
+
+edit 2- submitted by banks\_y: Cohen hates the nickname Stevie so I will refer to him as Stevie from now on.
+
+edit3- Tribune-of-the-plebs points out more dd on point72 here  [https://www.reddit.com/r/Superstonk/comments/nbqbrc/the\_hedge\_fund\_cabal\_steve\_cohen\_citadel\_and/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/nbqbrc/the_hedge_fund_cabal_steve_cohen_citadel_and/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+edit 4- a really good write up on Stevie  [https://www.reddit.com/r/Superstonk/comments/nb0261/a\_dd\_into\_steven\_a\_cohen\_one\_of\_the\_main\_villains/](https://www.reddit.com/r/Superstonk/comments/nb0261/a_dd_into_steven_a_cohen_one_of_the_main_villains/)
+Just thinking about this makes me smile. This sub deciphering RC's tweet and possible meaning has been a highlight for me this year. So many theories! One thing is sure though, RC lurks here, all the time. He's talking to us in our own ape language, something MSM and shills always fail to do. And what has he been saying lately? 
+
+\- It takes money to **BUY** whiskey 
+
+\- What to do, **HOLD** or HODL?
+
+\- **D**r. **R**uth **S**ex for dummies
+
+BUY. HOLD. DRS. It's all there. Then again you all know this already!
+Hello,
+I’m new to ETF and stocks in general. I’m 17 so I don’t have a lot of money to invest, maybe $50-$100 per month. I’m looking into investing in ETF’s but I’m just not sure where to start.
+I currently use E-trade but will be opening a Roth IRA with fidelity when I turn 18. 
+Any advise or tips would be greatly appreciated.
+Is there something out there like this? ie, it re-balances itself in such a way that it only holds stocks with a Bullish (or better) Analyst Sentiment across a minimum of say, 3 major Equity Research Analyst / platforms (ex: Starmine, Ford Equity, ISS-EVA, Jefferson, McLean, Zacks, etc...)
+
+​
+
+Thanks
+are reits better than rental property, I mean you avoid all the risk associated with tenants and potential issues
+
+​
+
+But can you generate a good source of income for them, has anyone invested in them long term?
+
+​
+
+I am considering adding them to my portfolio but unsure as I have heard mixed opinions
+I've currently got insurance through Geico and another carrier... home, two autos, and umbrella. I was looking to expand my umbrella from 1 to $5M. Got in contact with a personal risk insurance agent and it was suggested to me to go through a process with him to consolidate these insurances with a higher end carrier.
+
+Ok, sure, salesmen are going to sell, right? His argument was that, at a higher net worth and with an internet search that indicates you've got a high net worth (business dealings, etc), an at-fault auto accident can absolutely destroy your current and future wealth. For example: you're driving a bit over the limit, you rear end a car with children in it and cause some broken arms or worse, a long term disability. Before you know it, you're way past your $5M insurance policy and you're going to want to hope that the details of the policy have you covered.
+
+Curious how others view this. I hate to throw unnecessary money at insurance but also don't want to be negligent considering my NW. Looking for some data points.
+I have an Economics degree and so I'm coming at this question from a reasonably educated perspective. I love Bitcoin and cryptocurrency but I just can't get my head around how it could function as the basis for a healthy global monetary system.
+
+The privacy, the low fees, the speed, the lack of national restrictions, the security of owning your own private key, the transparent way it is managed -- I get all that stuff and I agree those are huge benefits.
+
+However, cryptocurrency is inherently deflationary and MUST remain deflationary to drive adoption because people can easily make alternative cryptocurrency. Because creating new money is essentially free - adoption will always travel towards the most reliably deflationary cryptos. Otherwise people would simply choose an alternative crypto. At the same time, this network effect is needed to keep the Blockchain secure and promote decentralisation.
+
+But in real world economies deflation has horrible results. When your daily use currency is skyrocketing in value you only spend what you absolutely have to, and save everything else. No-one wants to use a deflationary currency for payments, and business dries up. Lending stops as people can't afford to repay what they borrow. The economy in general suffers, as we've seen repeatedly in human history.
+
+So how can a cryptocurrency replace the central bank financial system we currently have in place when it must by nature remain deflationary?
+I’m pretty far along the way to FF and I grew up in poverty. I’ve recently surpassed the million mark and I’m young~ish with a high income. While I have opened up my budget in some ways, I still have a hard time with spending.  For example, I love Uber Eats and not having to cook or leave the house but if I want to order a Subway, it’s about $17 total including meal and delivery/tip. That’s hard for me. I get stressed out with smaller expenses still. 
+
+
+
+If that changed for you, when did it?
+It's almost 6 years since Microsoft went through with the acquisition of Mojang (creators of Minecraft) for $2.5 billion. 
+
+Gamers were pissed and reception to the buyout was mixed. A lot of people have curious as to why Minecraft (an already big game at the time) was worth $2.5 billion. At the time, Minecraft was already insanely popular and was already the most sold PC game of all time. [Annual revenues have shown over $290m](https://www.independent.co.uk/news/business/analysis-and-features/built-last-minecraft-model-9788669.html). So why the gigantic inflation of $2.5 billion?
+
+​
+
+I will spare you the description of Minecraft as the people who don't know what it is will be in the minority. I think it's important to talk about the concept of what Minecraft was at the time of its creation and how that contributed to its mass following. Minecraft's indie aesthetic and open nature almost allowed the players to create a game that they were looking for. Notch (creator) was very active with the Minecraft community and constantly releasing updates and engaging directly with the players ([This ended up having huge personal consequences for him](http://web.archive.org/web/20140922063257/http://notch.net/2014/09/im-leaving-mojang)). Although this concept is not 100% new, it was the first to really become popular. Notch's openness for Youtube Creators to publish content of them playing his game (something that a lot of developers were against at the time) only increased the reception the game had.
+
+It's common for the video game industry to have games come and go. Hype is a very big thing with video games. So did Microsoft make a $2.5 billion mistake?
+
+As of now, Minecraft has officially topped at 200 million purchases across all their platforms and over 126 million playing monthly. Prices differ per platform but if counted for all platforms at an average of $15 per copy, we can see roughly around $3,000,000,000 revenue.
+
+Outside of the game itself, Minecraft offers a hosted multiplayer model that will let you play with your friends in a hosted cloud-based world. Merchandise is also a huge source of revenue for Minecraft as well. Spinoffs and installation of almost any device have really put Minecraft everywhere.
+
+It's easy to be skeptical over acquisitions this large at the time, but in 2020 Microsoft made an incredibly smart move by purchasing Mojang.
+
+Thoughts?
+I've been thinking about this for a while. Like sure HFT improves liquidity but you're getting scalped for it. HFT basically identifies and exploits any inefficiencies in the market regardless of whether that move is causing a divergence of price. Like shouldn't the overall goal to be to make the markets more efficient and fair? They're just taking a cut because their infrastructure is faster. Like robin hood sells all its trade flow to citadel which is just scalping the RH autists, who don't even know they're getting fucked bc they just hear "commission-free trades". 
+
+For example, Nav Singh Sarao, the infamous day trader who aparently contributed to the flash crash in 2010, was punished because he made bots that would spoof the market. These bots would make it look like he would put in large orders, which would cause HFT algorithms to react, and then cancel the orders and trade against the reaction. You could argue he understood how these HFT algos worked and he exploited the inefficiencies. Yet, HFT firms complained to regulators that it wasn't fair but they are practically doing the same thing. They're making billions at the expense of every other market participant. 
+
+Like I'm all for utilizing technology to make markets more efficient. But who draws the line? Why are some people punished for taking advantage of inefficiencies whereas others are rewarded? I just feel like every market participant should benefit the market.
+Hey, I am a newbie and got to know about future trading 2 months ago. I was mainly using indicators and got to know about price action recently so have started to learn that.
+
+Could you recommended how I can become a professional day trader , what all things I can learn and any place to learn from like any YouTube /book/ site/ course , and some communities to join on telegram/Twitter/discord . 
+
+I'm thinking of trading forex mainly but don't know much about that,
+
+Also what is there in trading except futures.
+
+Some YT channels I know
+Joel on crypto , The Moving Average , Day Trading Addict, TradeIQ, babypips
+
+I'm thinking of learning Fibonacci next and want to know what other topics are there like price action and fibb
+
+
+Thank you😊
+I'm curious how everyone's wealth has changed throughout their life, particularly if you are a millennial (let's define that as anyone in their late 20s to early 40s).
+
+* Many of you graduated during a recession -- how tight was money when you were younger?
+* Did the money situation improve as you got older? And if so, why was that?
+* when/what got you into trading in the first place?
+
+Interested in hearing everyone's stories!
+I have been learning technical analysis for a year now but still not able to find my profitable setups. I know the basic indicators, patterns, fib lines, support and resistance, breakout-breakdown, volume, etc.. But seems like I always get lost when I am trying to find a strategy which has a 2-1 risk reward and maybe works 60% of the time. Can anybody tell me how to approach the previous price action data and find my own profitable setups or create my own profitable strategy?
+https://www.marketwatch.com/story/fitch-warns-of-possible-downgrade-to-us-aaa-credit-rating-if-shutdown-persists-2019-01-09
+
+> “I think people are looking at the CBO (Congressional Budget Office) numbers. If people take the time to look at that you can see debt levels moving higher, you can see the interest burden in the U.S. government moving decidedly higher over the next decade,” James McCormack, Fitch’s global head of sovereign ratings told CNBC’s “Squawk Box Europe” Wednesday. He said analysts at Fitch want to see a fiscal adjustment to offset the borrowing burden.
+
+> At an event later in London, McCormack added, “If this shutdown continues to March 1 and the debt ceiling becomes a problem several months later, we may need to start thinking about the policy framework, the inability to pass a budget... and whether all of that is consistent with triple-A,” CNBC reported from the event.
+As part of current ~~hostile takeover~~ polite merger with /r/Ausfinance, Lead Mod /u/Plucky26 has directed me to inform you that the following users have been banned for resistance to the new order. These people are traitors to the new order and will be stopped.
+
+/u/The_lordofruin
+
+/u/Phantom-Hax0r
+
+/u/username-taken82
+
+/u/Mcfucking
+
+​
+
+Another user has somehow evaded banning, apparently because when the ban teams were activated, they were on a beach in semi-retirement. But rest assured, /r/ASX_Bets is safe and[large numbers of tactical ban teams have been deployed](https://www.reddit.com/r/ASX_Bets/comments/isfdif/ladies_and_gentlemen_you_got_em/) in order to hunt them down and remove them from this subreddit. Their resistant terrorist message “Cos I have free time and thought this would be funny.” Has been noted and will be accounted for in their punishment.
+
+​
+
+[If you are looking for Solice in this trying time, we suggest this continual loop of Swan Lake.](https://youtu.be/LbUatYSm8ME?t=366)
+
+​
+
+All Hail /u/Plucky26, Lord of Butts.
+ [https://nypost.com/2020/08/22/serial-grifter-avoids-eviction-from-womans-nyc-home-suit/](https://nypost.com/2020/08/22/serial-grifter-avoids-eviction-from-womans-nyc-home-suit/)  
+
+Past records indicate she is a serial squatter and has put many landlords into debts. It  is very important to screen your tenant especially now since eviction moratorium will likely extend due to pandemic.
+I know there are div etf 'combos' that work well together, but i haven't researched them all that much. If i wanted to split 1k among 3/4 etfs, and DRIP them for the next 40-50 years, where do you think i should divide it, and why? I think there's a 'trinity' of etfs i've heard about here. Anyway, again this would be DRIPing for decades (aside from her reg stocks and crypto). I hope she can look back on this, and maybe contribute to it in the future, with satisfaction in the years to come. Thanks!
+Loopring has a PATENT on decentralized exchanges active in the United States patent office. Potential to replace the NYSE.
+
+Check out the patent:
+
+[https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring](https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring) 
+
+>Filed 	July 1, 2018
+
+
+Methods for preventing front running in digital asset transactions
+
+Abstract:
+
+>"Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key."
+
+Sounds to me like they have already beat the market in the US. This means ANY company that wants to use a decentralized exchange for ANY product will have to go through loopring. 
+
+Of course, nobody can ban a specific chain entirely -- but loopring would be the goto for any corporation or business in America that wants to access a decentralized layer 2. They can't have competitors in the US.
+
+This is open sourced and on Ethereum so no centralization! Vitalik Buterin has said the future of Ethereum lies on layer 2 built with zkRollups.
+
+Loopring is working on a zkEVM (Ethereum Virtual Machine)!
+
+zkRollup allows for secure transactions with ZERO fees within L2.
+
+Edit: just noticed that this post was trending already with *similar* information: 
+
+[https://www.reddit.com/r/Superstonk/comments/qj1ebm/why_are_gamestop_partnering_with_loopring_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf](https://www.reddit.com/r/Superstonk/comments/qj1ebm/why_are_gamestop_partnering_with_loopring_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+
+Edit 02: it was granted on July 16, 2019!! 
+[https://uspto.report/patent/grant/10,354,236](https://uspto.report/patent/grant/10,354,236) 
+
+>Abstract
+>Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key.
+When is the economy more prone to economic crises? Is it when it is deregulated or actually regulated too much? 
+
+Did deregulation cause the Great Depression and the Great Recession?
+ Hi everyone,
+
+Uranium  sector is in a growing global primary supply deficit while western  secondary uranium supply from underfeeding in the enrichment has  completely disappeared the last couple months!
+
+Here are a couple short term (12 months) price targets (source John Quakes99 on twitter):
+
+​
+
+[source: John Quakes99 on twitter](https://preview.redd.it/6z46otio48191.png?width=679&format=png&auto=webp&s=66d12e24360b1a9a8d6861168bb9d432ff4676cc)
+
+the complete report: [https://www.morganstanley.com/im/publication/insights/articles/article\_thenuclearrevivalembracingacleanreliablesafesourceofenergy\_us.pdf](https://www.morganstanley.com/im/publication/insights/articles/article_thenuclearrevivalembracingacleanreliablesafesourceofenergy_us.pdf)
+
+​
+
+[source: John Quakes99 on twitter](https://preview.redd.it/e9h99byp48191.png?width=815&format=png&auto=webp&s=e14a32200c4c04f49b72a4755cde51f481c06b82)
+
+[source: John Quakes99 on twitter](https://preview.redd.it/4f8idyqs48191.png?width=604&format=png&auto=webp&s=2bc569c0de7e7bd5cf5fbb6e3d6b363c73d75c8e)
+
+[source: John Quakes99 on twitter](https://preview.redd.it/yxrl4z6u48191.png?width=626&format=png&auto=webp&s=4fc6ebcdaf43adb4ee64bad6f5e1bdc8351bb422)
+
+[source: John Quakes99 on twitter](https://preview.redd.it/gfjte2xw48191.png?width=568&format=png&auto=webp&s=1fab07918249be748e89c092e67f159c5a60cd03)
+
+[source: John Quakes99 on twitter](https://preview.redd.it/ivh510bz48191.png?width=805&format=png&auto=webp&s=ef6449841ab9188ab8b87d8bd759568c5ea001f5)
+
+[source: John Quakes99 on twitter](https://preview.redd.it/l2isgmy158191.png?width=1016&format=png&auto=webp&s=56f865370110b35e6b04893e2bbf53c3ff3ffc5a)
+
+[source: John Quakes99 on twitter](https://preview.redd.it/uxwgzkj358191.png?width=811&format=png&auto=webp&s=872e5db20935c21ebda117a8e0a26d69dba530a1)
+
+[source: John Quakes99 on twitter](https://preview.redd.it/k2a6x7n558191.png?width=682&format=png&auto=webp&s=f83c6418de54f569f0ebfeca8a063acf5a0130de)
+
+Note: Global Atomic doesn't need an additional capital raise!!
+
+They will finance their project with:
+
+\- periodical management fees from the producing Zinc JV
+
+\- dividends starting early 2023 from the producing Zinc JV
+
+\- warrant in the money at the moment
+
+\- revenu from a future collaboration with Orano mill in Niger (start end 2023)
+
+\- loans with a bank consortium
+
+Cheers
+I'm 22 years old and living homeless in Los Angeles.  My parents are both passed away and I don't have any family members who can help. I have been off and on homeless since 18, but haven't been able to make enough friends that can actually provide me a place to sleep or anything to let me get back on my feet.  I have sold most of my belongings to get by and mostly rely on Craigslist gigs in order to make little bits of money as it is EXTREMELY difficult to get a decent job while homeless. Additionally, the one job that did accept me informed me my background check came back dirty because of a trespassing offense I wasn't able to pay the fine for (got ticketed for trespassing because I was sleeping on private property). Right now I have a backpack worth of belongings and my most expensive item is my cell phone. I have food stamps, but no longer qualify for general relief because I'm taking a summer class. I receive no financial aid except for tuition waivers in the summer so there's no income coming in through there.  Any advice as to how to make money and begin to save money while in this position so I can attempt to get my life back on track would be greatly appreciated. Thank you. 
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u).
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+Your markets are run by bots. Now your daily threads are too.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM)
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u).
+Hello all - second attempt at this post with slightly more detail to hopefully provide additional context and guide the discussion.
+
+Mid 30s and getting to the point of settling down with more space and slower pace than NYC. Current take home pay is ~$800k per year and growing. That’s excluding my spouses income, any equity plans, or carry. We also have a small beach condo for winter months we own, although we know once kids are in school that will be used less and less as school routines become the priority.
+
+For reasons I won’t get into, we need to stay in the NY/NJ area, and have been researching the best neighborhoods outside of the city. 
+
+We conservatively estimate our NW when we do choose to move out to be ~$10m, and continuing to grow over the next ten to fifteen years. While we’re not set on buying a sprawling Hamptons estate, there are plenty of solid homes in all of the neighborhoods listed below. So for the sake of this discussion, I’m less interested about neighborhood price, and more interested in hearing about the groups experiences and thoughts about living in each area (pros, cons, etc)
+
+Firstly:
+Westchester vs. Long Island vs. Jersey
+
+And then if possible, any additional and more granular insights into specific neighbors in each. 
+
+Westchester:
+Bronxville, Rye, Tarrytown, etc.
+
+Long Island:
+Manhasset, Garden City, Port Washington, Cold Spring Habor, etc.
+
+Jersey:
+Summit, Tenafly, Shorthills, etc.
+
+Understand everyone values different aspects of each, but ours would be: ease of daily commute to the city, public schools, access to nature, restaurants / bars, and to a lesser extent walkability (although somewhat the antithesis of the burbs).
+
+Apologies for the open ended nature of the question but that’s partially intentional to potentially capture responses we haven’t even thought of yet!
+
+Disclaimer** I’m not trying to ask random internet strangers where to live. I’m trying to ask random internet strangers for first hand experiences in a part of the world I’m largely only familiar with through research.
+
+Much appreciated to everyone for any guidance / thoughts. Or even just experiences you’ve had in these places.
+
+Thanks!
+I came across the idea of FIRE when I stated accumulating a bit of coin and was wondering what to do with it. FIRE was such a life changing idea and yet so simple - 'what can I buy with this extra money? - get rid of your job dummy, so you can free up your time/live your life!' that I am surprised I had to have this told to me by someone rather than have it be self evident.
+
+My question is:
+What are some other 'blow your mind' approaches/mindsets/ways of thinking in life-design/health/relationships/finance/problem solving/stress management/time management/learning how to learn/limiting beliefs/risk taking/maximising your potential  ..or anything else really..) that have completely changed your life in a big way? Being (I think) a relatively intelligent person and having completely missed FIRE I am wondering what other similar 'big ideas' I am missing. 
+
+An analogy I read elsewhere on reddit : you can spend hours fumbling around for the light switch in a dark room - but once someone who knows where it is flips the light switch on for you - its very obvious where it is. I'm hoping folks in this community flip some other 'light switches' on for me and others here.
+
+Edit: Glad to see this thread blow up! Its a reminder to myself that asking good questions is soo much more important than knowing the answers. Hope that many of the ideas here end up being life changing for all of us here, as I believe they will be for me.
+Hey guys. I just want to bring awareness to phone number phishing. Most of us here are pretty broke and probably living paycheck to paycheck, but if you are someone that has a contracted cell phone account with one of the big four, Sprint, ATT, Tmobile, or Verizon, this message is for you. I work for one of the big 4 carriers.
+
+​
+
+The phishers steal your pin ... somehow. Either they phish you with a spoofed text or phone call, they hang out at Bestbuy and listen to you speak with an actual bestbuy employee, or they are a legit employee that sells your info, or your info is on the dark web.
+
+​
+
+Next, the phisher calls in with your name, pin, address, and phone number. Sometimes they don't even know what phone number they're calling in about. It might be your 8 year old's phone number, it might even be the number attached to your apple watch or your tablet. Or, it's YOUR phone number attached to your bank account.
+
+​
+
+While they are calling in to get your account number, they are at Walmart or some other indirect authorized retailer purchasing a tracfone or straight talk phone. They immediately set up a port to take your number to their burner.
+
+​
+
+Within minutes of completing the transaction, they access your bank account. The bank account sends a secure verification pin to YOUR phone number, which is now on their phone.
+
+​
+
+Ta-da. Your bank is then emptied via paypal, venmo, or 7 giftcards at walmart.
+
+​
+
+A couple hours later, your child or friend is trying to call you, but they can't get through. They send you a text (which will probably work if your phone is on wifi). You call in to get tech support. You learn your number has been disconnected. You then put 2 and 2 together. Earlier, your bank or credit card company alerted you to suspected fraud.
+
+​
+
+You now have to file a police report for identity theft. And did you know that stealing a phone number is not a crime, and many police departments WILL NOT FILE A REPORT? The only way to file the report is to bring proof from your bank or your credit card company that someone attempted to withdraw funds (or were successful.)
+
+​
+
+Now, anyone that texts or calls your phone number goes to the person that stole it. If you are a business owner, your clients are calling and potentially leaving their identifying information on voice mails or texts. And the process continues.
+
+​
+
+**TLDR; I urge you, if you have a postpaid contracted account with the big 4, call customer service and request a port freeze or port protection. Ask for specific "hot remarks" or notes on your account stating to NEVER allow a number to port out. Because you are a target and you don't even know it. Never give out your pins, passwords, or last four of your SSN. If anyone EVER contacts you and tries to tell you that your account is compromised and they need one of those things, they're fucking lying. We will** ***never ever ever ever ever*** **call YOU and ask for your pin over the phone. We do a COMPLETELY different type of verification if WE call YOU.**
+
+​
+
+**Edit: Lots of people asking about prepaid accounts, I don't see it happen often, but it does happen. My speculation is because there is no SSN attached to prepaid accounts, it isn't going to be useful to try and take the account. With postpaid, your SSN and address will always be there if you try to break into someone's account.**
+The meme king will reign for 1000 years. You shall not stop him. You will hear his name from generation to generation. No one man should have all that power? This is who Kanye was referring to. Even he has seen what is transpiring in front of our eyes. Ryan Cohen will never be matched. 
+
+https://www.wsj.com/articles/gamestop-chairman-ryan-cohen-takes-large-stake-in-bed-bath-beyond-pushes-for-changes-11646611200
+**MAJOR EDIT: This post has been debunked. After a significant amount of discussion with several other users (including u/dlauer) an assumption I made about a section of the data has made both this post and a previous DD (the FINRA Veil) I worked on yesterday incorrect. It sucks to be publicly wrong when both of these posts got a lot of attention, but when you do DD's sometimes you will be wrong. I am changing this now as I am (unfortunately) not able to reconcile that error. I made the post, I should have done a better job of checking the data. Rather than letting this sit overnight as I am about to head to sleep, I would implore a moderator to switch the flair and have put in a request to have this done. I will leave the post up as it is though, as failure helps us apes improve.**
+
+
+I know the title is clickbait. I don't apologize since what I have to share today I feel is important as it helps to add some evidence to how much gas is left in the tank to kick the can. 
+
+So, on June 3rd (yesterday) [I posted about all of the different companies involved in OTC trading from January to end of April](https://www.reddit.com/r/Superstonk/comments/nrr5e0/the_finra_veil_whos_been_trading_gme_every_week/). But I had more good info that I had come across to send out for scrutiny and analysis by other apes, but it was too big for one post. They are from the same dataset and loosely related so I could have said this was a Part 2 maybe. Anyways, I removed the blank share count amounts from the data for this post, as after completing the other post and some feedback, it is not completely clear which parties those are or even what the blank areas are even recording. This DD helps point in the direction of the firms that have been burning gas like mad trying to keep the lights on. I suspect they are about to run out and back it up with data.
+
+*None of this is financial advice.*
+
+**TLDR**
+
+OTC volume decreased from January to end of April. I argue it is because the shares that were being traded off exchange have been sold on the exchange to mitigate buying pressure. Trade size decreased for some firms, but not others. Using the data and graphs here, I argue that the firms that decreased their trade size significantly are likely the ones in the most trouble. Scroll to the bottom to see the firms that are probably in the hottest water. **Based on these two facts and the steady price increase in May that followed this four month period, the data and the price show that the gas is running out, so HODL.**
+
+There are some firms doing weird 1-share OTC trading, so I just recorded them as well. Not worth a separate post.
+
+**TLDR DONE**
+
+The full list of involved parties is relisted in this post here with some graphs to display their activity. **Check the other post if you want to read how it was determined these groups were involved at some level or grab the data I used**. It DOES NOT necessarily mean that every group here has a short position since they aren’t required to report those, only that they traded GME consistently in the OTC market from the months of January to end of April.
+
+Given how the price since the beginning of May has been steadily rising, I have a theory that uses the previous data from January to April. Interestingly, when you aggregate this data by week a few interesting anomalies emerge. Though I am making use of it here, I would suggest taking data from FINRA with a grain of salt, but that applies to any financial data for retail nowadays. It’s the best we’ve got, so let’s dig in.
+
+**Anomaly #1**
+
+**Hypothesis:** Decreasing OTC volume needs to go somewhere and since retail isn't selling based on OBV, I suspect that volume is heading to the exchange to be sold to keep the price down.
+
+OTC trading declined significantly over this period for GME. Not much to argue about here. Volume went DOWN.
+
+[OTC Volume Decreased](https://imgur.com/t1spZyq)
+
+Total GME volume decreased during this period as well.
+
+[GME Volume Decreased](https://imgur.com/R9Sz1pn)
+
+But we knew that. **But that massive price dump in February down to $40 likely came from a combination of paper hands and OTC shares being moved back onto the exchange.** 
+
+If retail isn’t selling their shares, where do the daily shares come from? Probably some institutions, but it’s always felt like the “bad players” are consistently dumping shares into the market quickly using HFT and that’s the spiky downward behavior that’s been experienced. I’ve suspected for awhile that they aren’t necessarily rehypothecating new ones into the open market, but instead are moving counterfeit shares that were being previously trade off exchange back on to the exchange to help mitigate buying pressure. **What better place to hide this massive pool of shares than in your own back pocket and keep it off the exchange?** Anyways there seems to be a ton of shares that don’t correspond to the daily borrowed amounts that end up sold every day, but more recently (i.e. in May) the price of GME has slowly but steadily marched upwards.
+
+**Conclusion:** OTC volume from these groups was being forced onto exchange (for selling pressure) as the groups struggle to contain the price. Gas is just about empty now that we are into June though.
+
+Either they are directly moving this off-exchange volume back to the exchange, or are rehypothecating shares into the market, then covering them with the off-exchange shares after the rehypothecated share was sold on the market. The benefit is that each of these strategies would buy them additional time since there are T+ delays for delivering the shares and they can FTD them anyways until the T+21 and T+35 force them to deliver. Regardless, OTC volume decreased significantly from January to April, just like regular volume did. 
+
+OBV was fairly stable or skewed towards the buying side for most of this period as well – retail wants to buy, not sell – so who is selling the shares.
+
+[OBV Graph](https://imgur.com/o5RGFNj)
+
+[Another OBV Graph \(different value but similar pattern\)](https://www.tradingview.com/chart/k4aKLAVi/)
+
+Based on the data above, I think it is the groups in trouble moving their volume from OTC back onto the exchange to suppress the buying pressure.
+
+**Anomaly #2**
+
+Average Trade Size OTC seems to have decreased for many of these firms, but not all of them.
+
+Their gas seems to be getting short and they are likely juggling shares around between each other to reduce FTDs. But they can’t stop them from spilling out as indicated by some of the large spikes. They also can't help but have some "spent"/sold in the open market to keep the price down. But the tank is just about out of gas. I didn’t cross examine all of the data here together or do statistical tests since the volumes are different between firms, but visually firms seem to fall into two groups – decreasing trade size or stable trade size.
+
+**Hypothesis:** A change in trade size indicates a forced change of behavior due to market conditions.
+
+They also need to trade smaller amounts since they have less shares to work with as detailed in Anomaly #1. You can click on each of these for the graph.
+
+* [Barclays Capital Inc.](https://imgur.com/eqT0msS) (relatively stable)
+* [BIDS Trading L.P](https://imgur.com/3ntTuDb) (decreased, major spikes at beginning and end of March)
+* [Citadel Securities LLC](https://imgur.com/IyqY3m9) (decreased significantly at end of January)
+* [Coda Markets Inc.](https://imgur.com/Qj0Jgqt) (decreased significantly)
+* [Comhar Capital](https://imgur.com/EmIJHGr) (decreased significantly)
+* [Credit Suisse Securities](https://imgur.com/vLtenYl) (decreased significantly)
+* [Deutsche Bank Securities](https://imgur.com/n9sWIQF) (relatively stable, small decrease)
+* [De Minimis Firms](https://imgur.com/oA1ZRaA) (there are smaller firms and the data is aggregated together, likely family offices included here) (decreased significantly, but this is aggregate data so take it with a grain of salt)
+* [EBX LLC](https://imgur.com/crBoL4r) (relatively stable)
+* [G1 Execution Services](https://imgur.com/9Zg8WDo) (as a note, they are subsidiary of Susquehanna) (decreased significantly)
+* [Goldman Sachs and Co. LLC](https://imgur.com/ZU2N67d) (relatively stable)
+* [Interactive Brokers LLC](https://imgur.com/QBrSvny) (decreased significantly)
+* [Instinet LLC](https://imgur.com/ynKfizk) (relatively stable)
+* [Intelligent Cross LLC](https://imgur.com/9hGPudD) (decreased significantly)
+* [ITG INC.](https://imgur.com/oiYWCfc) (relatively stable)
+* [Jane Street Capital LLC](https://imgur.com/EJ305Dx) (decreased significantly)
+* J.P Morgan Securities – [Graph 1](https://imgur.com/C6voxIo), [Graph 2](https://imgur.com/26nshVh) (two graphs, one was stable with spikes in late February and mid April, the other decreased)
+* [Merrill Lynch, Pierce, Fenner, and Smith Incorporated](https://imgur.com/hTIDadf) (relatively stable)
+* Morgan Stanley and Co. – [Graph 1](https://imgur.com/ru8siph), [Graph 2](https://imgur.com/FW4up0H) (two graphs, small decrease, but somewhat stable)
+* [National Financial Services](https://imgur.com/6XTfqrA) (1 share trades consistently)
+* [Robinhood Financial](https://imgur.com/y74l2Nw) (1 share trades consistently)
+* [Stockpile Investments Inc.](https://imgur.com/xK9h5yq) (very low volume, but increased, out at end of March)
+* [Two Sigma Securities LLC](https://imgur.com/QJH467W) (decreased significantly)
+* UBS Securities LLC – [Graph 1](https://imgur.com/1wfxsch), [Graph 2](https://imgur.com/vE9hb4n) (two graphs, decreased significantly)
+* [USTK Ustocktrade Securities](https://imgur.com/26zMEB4) (relatively stable with spike at beginning of February)
+* Virtu Americas LLC – [Graph 1](https://imgur.com/6nDMv48), [Graph 2](https://imgur.com/BvPSa3t) (two graphs, both decreased)
+* [Wolverine Securities](https://imgur.com/CCVp4xh) (trade size plummeted, then was low, out at end of March)
+
+**Conclusion:** Groups with stable trade size in current market conditions are in less trouble than the ones that decreased their trade size. I’ve highlighted the firms at the end that seem to be in more trouble than others.
+
+Some trade size spikes seem to happen, but whether than implies trouble or benefit for the firms with spikes is unknown.
+
+**Anomaly #3** 
+
+Some companies are conducting small (mostly 1-share) trade sizes OTC for GME
+Robinhood, National Financial Services LLC, Stockpile Investments, and Wolverine Securities all seem to hover around 1-share trades for GME. They do not do large ones when they trade OTC. Strange.
+
+**Robinhood and National Financial Services LLC were doing this for EVERY TICKER they were involved in the FINRA data.** Stockpile Investments did this for most of their holdings (AAPL, MSFT, TSLA, and GME) but had larger trade sizes in AMC and NOK while also increasing their trade size in GME during this period a small amount. Wolverine Securities ONLY did this for GME (the highest total of this group with an average of around 3 shares per trade for GME), but traded a wide range of other tickers including AMC, AAPL, TSLA, GM, NAKD, NOK and KOSS with larger amounts.
+
+Both Stockpile Investments and Wolverine Securities stopped trading GME in the OTC markets after the end of March. Exactly why this is, I am not sure – but all of these firms are small compared to the big dogs in the ring.
+
+**Hypothesis:** 1-share orders have some specific impact/advantage that these smaller firms are exploiting. I am not sure what this is, but wanted to record it.
+
+**SUMMARY** 
+
+OTC volume decreased from January to end of April, and as I argued, that volume was being sold on exchange to suppress the price, particularly by the groups in trouble. Massive decreases in OTC volume correspond to massive selling in February as some paper hands left and diamond hands loaded up on cheap tickets.
+
+**The groups that I suspect are in the most trouble as they have decreasing trade sizes OTC are Citadel Securities, Coda Markets, Comhar Capital, Credit Suisse, (potentially) some De Minimis Firms, G1 Execution Services (Susquehanna owns them), Interactive Brokers, Intelligent Cross, Jane Street Capital, Two Sigma Securities, UBS Securities, and Virtu Americas. BIDS, JP Morgan and Morgan Stanley could be in some trouble here.** 
+
+For reference, the NYSE Designated Market Makers include Citadel Securities and Virtu Americas. No wonder this has been such a clusterfuck and they've been kicking the can so hard. 
+
+**Their problem, apes benefit.**
+
+Barclays, Deutsche Bank, EBX, Goldman Sachs, Instinet, ITG, and Merrill Lynch are playing some role here, but I think they are making money off the others being in hot water. They may be in hot water as well, but the data seems to be inconclusive for these firms. Stockpile and Wolverine are not trading OTC after March, but they may have got back in after the end of April. 
+
+Robinhood and National Financial are doing some weird 1-share trading OTC (Robinhood especially since they do this will all tickers, not just GME). I don't think either firm is really in trouble due to this debacle, but Robinhood will lose one of the big teats they've been sucking at when Citadel goes down.
+
+**I don't think there's much gas left and the price/data show it. HODL on baby.**
+
+MAJOR EDIT: SEE TOP OF POST.
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+I have been working as a Python developer for almost ⁹+ years and have slight exposure to basic concepts of finance that I studied in college.
+
+How do I get started in AlgoTrading?
+
+Note: Suggest books as I'm a reader more than a video watcher.
+Actual post is below under the line, here is a long edit in response to FUD-packers.
+
+EDIT: Thank you SO much for response, i am overwhelmed and titjacked from your feedback! Thanks!
+
+In response to some FUDPOSTERS arguing to the point that this is not an official SEC communication. Well duh. The first line in this post is clearly saying whats up: "___its a speech published on SEC website___". The speech partially describes what SEC is up to, like LIBOR-stuff and the coming meme-stock report. Partially it describes the opinions of its author, a commissioner with longstanding SEC-involvements, and her take on the direction of the coming official SEC-report. As a very knowledgeable person she interprets the road ahead (e.g. phrases like "...looking forward to a road that is likely to be rich with regulatory change..." etc). Further, my post is, very obviously, an interpretation (but with direct quotes provided as substantiation for my interpretations), even as the speech itself contains many interpretations and opinions. 
+
+
+___IMPORTANT:___Nevertheless, this is NOT JUST OPINIONS. Its on the SEC website, clearly showing that:
+
+A) SEC WILL PUBLISH A "MEME-STOCK REPORT". 
+
+B) Further, it shows that the ___PROCESS IS ALREADY UNDERWAY, and she gives a taste of what we WILL see in the OFFICIAL SEC REPORT___. For example: "The staff is working on a report about the events related to meme stock trading... As usual, commentators have gotten a head start and have ___identified a number of regulatory responses___, including possible regulation of family offices and enhanced disclosure requirements for synthetic stock positions created through the use of total return swaps and possibly other derivative instruments.
+
+C) Get a load of this. No one is talking about "possible regulations", or "this may happen". The language on the current status of the memestock report is like this: "commentators have... identified a number of regulatory responses". There are NO conditional phrases here. They have fucking identified regulatory responses.
+
+Dont let these FUDposters steal the joy here, saying these are just loose remarks unassociated with SEC. ___THIS IS FALSE___. In this way, SEC coming report and ITS ANGLE IS LEAKED: A) SHORTS ARE THE BAD GUYS and B) THERE WILL BE REGULATIONS.
+
+___TLDR: SEC IS WORKING ON MEMESTOCK RELATED REPORT THAT IDENTIFY PRACTICES OF ILLICIT SHORTING  IN RELATION TO SAID MEMESTOCKS, AS WELL AS REGULATORY RESPONSES. THIS IS RIGHT IN THE SPEECH ALREADY 28 APRIL.___
+
+We have been waiting for this FOR AGES. And now WHEN IT IS OUT IN THE OPEN, YOU FUD? By all means, give counter-DD or whatever, but 90% off this shit below is straightup FUD. Get this OUT. Open fucking Champagne. We now ___KNOW___ SEC has eyes on this, and even that regulatory responses are in the works. ALSO BTW FUCK KENNY AND HIS FRIENDS TYVM.
+
+-------------------------------------------------------------------------------------------
+_________________________________________________________________
+-------------------------------------------------------------------------------------------
+_________________________________________________________________
+
+
+___TLDR___
+On April 28th, the SEC website published a speech that has NOT recieved its due attention from apes. This is a very strong and direct piece, even calling short hedgies "werewolves", and i think by this piece they want to get our attention.
+This speech delineates, among other things, the parameters of a coming SEC report related to "meme stocks". The speech is way out of SEC historical comfort zone, and it goes to show that they see our frustration. Otherwise it wouldn't have been this strong. It is not written in typical SEC-speak either, it is written in the most simple and easily understand (yet precise and legally prudent) way it possibly can. For me, it is very clear that they want to say something like this: "Meme-stock holders (i dont like this designator either, but nevertheless, it is very clear what they mean): we see your frustration. We have our eyes on this. Here is our position: 
+
+a) there ARE SHORTIE FUCKERIES related to e.g. GME stocks. 
+
+b) SEC will address it with regulations, that are ALREADY IDENTIFIED.
+
+c) SEC should NOT give a fuck about hedge/financial institution loosing ALOT of money. 
+
+d) Bonus: LIBOR is fucking done for. [GET A LOAD OF THIS!]
+
+--------------------------------------------------------
+
+
+Fellow Apes, I come before you in [GG-speak] these "important times". On April 28th, the SEC website published a speech that has NOT recieved its due attention from apes. This is a very strong and direct piece, even calling short hedgies "werewolves", and i think by this piece they want to get our attention. Before i give just five very important quotes from this piece, here is the link: 
+https://www.sec.gov/news/speech/werewolves-of-change
+
+
+
+___Summary___
+The SEC will issue an entire report focused on: "the events related to meme stock trading". Expected to follow from this: "regulatory initiatives". This is again repeated: "regulatory changes might be appropriate". So what problems do they identify? Get this: "enhanced disclosure requirements for synthetic stock positions created through the use of total return swaps and possibly other derivative instruments". Fffuuuuu....
+
+Best part is this though: "The staff is working on a report about the events related to meme stock trading... As usual, commentators have gotten a head start and have identified a number of regulatory responses...". Read that again, now pop that champagen [Futurama-spelling, you wouldnt get it].
+
+
+Here is an item of worry in the piece: "Let us carry out the necessary analyses to determine whether there is a problem that market participants cannot resolve on their own." This reeks of intervention, so they are being open with this reality in that the domain of "meme stock" fuckeries may be under SEC formal disciplinary responsibility. And that is true. However, they the author counters the inverventionist implications by saying, DIRECTLY afterwards: "Preventing family offices [A hedgefund, Archegos, being given as one example] from losing their fortunes is not in the category of problems that the SEC needs to step in to solve. Similarly, the mere fact that trading desks at some financial institutions lost a lot of money should not cause us a great deal of concern as long as their activity was consistent with our rules".
+
+
+Alot happens here. First, the author is explicitly saying they couldnt care less about HEDGEFUNDS LOOSING MONEY. Realize author is in no way obligated to be this clear. Furthermore, she even took the care to specify what we are talking about more precisely: "A LOT of money". SEC shouldnt care. And it gets even fucking more badass, get this: "such events ["financial institutions loosing A LOT OF money"] inevitably serve as LESSONS for risk managers". Can you imagine ONE single way of for how SEC-commisioner may [in a legally prudent way] write the piece more offensively to hedgefunds? I cant.
+
+
+It ends on a note invoking the analogy of werewolves. I have never come across this in ANY official communication. Werewolves are predators having two shapes; one acceptable, and simultaneously underneath, another shape being evil and destructive. This is extremely strong language. Author is identifying a "bad guy", THIS PRIOR TO THE ACTUAL REPORT EVEN BEING ISSUED. And it is clear (above) that this is the angle the report will take. Author has given, without actually naming them now, an unmistakable description of who they are. And it is not apes. Apes and other retail GME fanbois can be called alot of things, but NOT werewolves. Apes have been clear from day one with the intentions, and however you morally assess ape prospectives of MOASS and shit, Apes are NOT twofaced. But this is the one feature that sets out werewolves. So who then are the enemies, if it is not the retail-side of "meme stocks"? You know it. Hey Kenny......
+
+
+___My proposal:___ I realize 99% here are now on the Musk train of thinking SEC are shitheads. They probably are, or at any rate, have been. But lets realize that if they are 100% crooks and suits, they wouldn't want to regulate meme stock shorting. Yet here we fucking are (IN YOUR FACE sHFs)! Lets give them ONE chance. Lets hold, and let them issue the report describing their take on "meme stocks". If they fuck it up, fucking egg all of them and get pitchforks. But for now, they are stretching out a hand - lets hear them out. Who the fuck would have imagined a month ago that SEC would host fucking Harry Potter level dramatury FUCK HF-publications like this? This is unprecedented. It appears to show that GG is more ready to fuck shit up than we are, and thats saying alot given how much we all long for taking a good long shit on sHFs. He has been waiting for over a decade for his comeback. Allow him ONE chance. Lets give him, at least passively, our support until them. He is a POLITICIAN and while he has technically room to manouver, diplomatically he is also limited by the public sentiment. Lets show him that, to expand his room ALOT. Lets show him: we too, think sHFs should get a "lesson". We too, want werewolves to be called out. We too, want avg joes to get just a FAIR CHANCE. Let him ride on an everflowing tide, in every communication platform, on these exact sentiments. It will make his job of actually doing the FUCKING, much, much easier. Thanks.
+
+Anyhow, floor raised +50%. Enjoy a couple of extra Lambo garages.
+
+
+My only wish as a compensation for taking the time to write this piece, is that the forthcoming SEC report will be referred to as "Hedgefunds Bane". I also want a LOTR-related tag and some kind of milkshake. Thank you.
+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?
+Today I lost all my gains from prior week from one single trade. I got too cocky winning 5 days in a row and I thought I could predict the direction of the market without looking at my technical indicators. All the indicators told me not to take the positions. I ignored them and brought 100 puts on SPY. I paid the price. Lost 5.2k.
+Below is a little blurb I sent a friend who needed help with a paper. Thought I'd share it here as well. 
+
+I believe equities (the S&P 500, DOW, NASDAQ, etc.) are all pretty significantly overvalued. This view is shared by many other people, but others will tell you this is not true and equities have plenty of room before they hit a ceiling. To validate my claim I'll give you three data points; the participation rate,  the growth of the S&P 500 alongside the Federal Reserve's Balance sheet since their expansionary policies started in 2009, and Caterpillar's (the industrial machine producer) historical revenue charts vs. nominal GDP.
+
+Participation rate (http://www.zerohedge.com/news/2013-11-08/whopping-932000-americans-drop-out-labor-force-october-labor-participation-rate-drop) : What this data point illustrates is that the amount of people who are able to participate in the workforce has fallen to 35 year lows. This is not because people are lazy or well off enough to not work, it means people have given up on finding a job because their prospects are so dismal. Once people drop out of the "workforce", which is defined as people that are currently employed or actively looking for jobs, they are not counted when unemployment numbers are calculated. This grossly underestimates the actual number of people that are out of work in the US. An interesting thing to note here is that the last time the participation rate was this low women were not commonly in the workforce. Only after 1978 did women start entering the corporate world in full force. Over the course of 30+ years with men and women in the workforce, families got accustomed to consumption lifestyles with two incomes. Today we have fallen back to the levels of the late 1970's when people were living off of one person's salary, yet people maintain their two income lifestyles. On top of this, logically, just think about it. With this many people out of the workforce there will be a lot less people making money to spend on goods from companies represented in these equities markets. Yet, markets are at all time highs and still climbing? Why, against all logic, is this happening? QE, that's why.
+
+The Fed's balance sheet vs. the S&P 500 (http://www.zerohedge.com/news/2013-11-15/mission-almost-accomplished-sp-500-nears-bernankes-1800-year-end-target) : Since the Fed started easing their policy by "printing" money (they actually just go to a computer and type in the new amount of money now in the markets, out of thin air) and buying all sorts of financial securities from banks, equities markets have been on a tear. Markets have been screaming for the last 3 years with the S&P up more than 20% YoY and currently at all time highs. Are companies really doing that well with the underlying economy doing so poorly? No, they are not. The whole reasoning behind QE was to get money to the middle class; i.e. the Fed would "print" money, give it to the banks, and the banks would then lend it to small businesses and people so that they could conduct commerce and get money flowing throughout the economy. Instead, the banks have been hoarding the cash and speculating in markets, especially equities markets. If you look at the second chart in the link above, you will see an almost perfect correlation between the S&P 500 and the expansion of the Fed's balance sheet this year. The trend is similar for the 3 years prior as well. To me, it is painstakingly obvious that equities are only at all time highs because of pure speculation. The underlying economy does not justify these numbers. Equities are due for a BIG correction. What will pop the bubble? No one knows, but I believe it will be the student loan bubble. (I will forward you an email I sent Connor on student loans yesterday). 
+
+Caterpillar's historical revenue vs. Nominal GDP (http://screencast.com/t/hCBghoCQcVw) : I threw this data point in because I think this relationship is very simple and interesting and the causation can be pretty clear. Caterpillar produces all the heavy machinery that build roads and consume construction sites around the world. If their revenue stream is high it means countries, companies and/or people are investing in infrastructure and people are building things, which means a lot of people are working on those sites and people believe that, when finished, those sites will be filled by businesses that create more jobs. If Caterpillar's revenues are low, or even negative, it means quite the opposite. Businesses do not have enough faith to build new buildings that will provide people with jobs. The people the use the heavy machinery at these sites won't have jobs because no one is building anything, and from there it can be a cascading effect. If you look at the chart, our current economic situation should be apparent. Equities prices are unjustifiable right now and are severely over-priced. The only thing propping markets up is the Fed's "printing". 
+
+It's a house of cards. Very sad, and somewhat scary.
+
+Curious to see what others out there think. 
+GG also only talked about looking into one stock.
+
+DFV only talked about one stock.
+
+MSM have only kept one stock out of the news cycle or when discussed it's discussed only negatively. 
+
+I know it, you know it.
+
+It's GME
+
+All other "memestonks" are distractions with weak/shill leadership and even weaker fundementals.
+
+This is why we do not discuss them or post screenshots with them. It's super simple.
+
+
+GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME, GME
+GME, GME, GME, GME, GME, GME, GME, GME
+GME, GME, GME, GME, GME, GME, GME, GME
+GME, GME, GME, GME, GME, GME, GME, GME
+
+Buy and hold GME.
+
+Edit: David Lauer has bought GME.
+
+https://www.reddit.com/r/Superstonk/comments/naoqr9/bought_some_gme_yesterday
+
+Some bees in bonnets below. Pop po out in force for some reason, on a GME sub, from accounts with no GME post history. Goes to show ya folks
+
+Edit 2: There appears to be brigading happening in the comments! Remember apes, don't touch the poop and upvote your mates!
+
+Edit 3: sticky floor folks need to chill. No one even mentioned y'all and suddenly theres a bunch of people defending them by name. Doesn't seem sus at all...
+
+Some serious aggression coming out. GME apes being polite and as awesome as ever, love you guys :) <3 
+
+Those that hold both: hope they both pay off for you. I'm just stating facts
+
+**Edit 4**: wow a lot have come out of the woodwork saying suspiciously similar things. Very similar things infact! Almost scripted....
+
+Edit 5: Got my first ever suicide prevention message. Thanks guys :) x
+
+**Edit 6: I want to be clear: I hope *everyone* makes some bank. Fact is fundamentally GME is the only real play if: you want an awesome company, want a great leader and team, want to stick it to the man, and want to actually *invest* in a company and not only bet a squeeze. My 2 pennies :)**
+
+**If you believe a stock is a memestock that's on you. I don't believe GME is a "memestock" by any stretch other than it's popular.**
+
+ **GME is *the* stock!**
+I often see 1% profit of total account per day as a goal. Or: $50,000 account, ~500/day goal.
+
+
+I've also seen never risk more than 1% of your account per trade. That means if I see a stock, I'm only putting 500 in? 
+
+That means I need 100 successful trades and no losses to meet the 1% goal. 
+
+So there has to realistically be hundreds of trades a day?
+
+That doesn't seem right to me. Seems better to put 10, 25, even half of total in as long as there are stop losses.
+
+Is this correct?
+There probably will not be a fake squeeze like people are mentioning, remember if it does there's a good chance a lot of the hedgefunds get margin called are forced to cover causing a chain reaction of covering that leads to the actual squeeze, they aren't going to act against their own self interest that much, plus people keep mentioning and hyping next week please stop, we do not set dates. also the guy who suggested that the Melvin losing 50% news was pushed here and upvoted to the top by bots to somehow trick us stating that the everything short and rensoles news had less upvotes than it was wrong aswell, a lot of people won't take the time to read something the length of rensoles news and the everything short and a lot won't even understand it, the image was short and too the point and a sentence long people are way more likely to upvote it. People are starting to act like good news like Melvin losing 50% is somehow bad and trickery and that's exactly what the shills want, to even make you doubt good news, if you can find proof to the contrary then please post it but let's not jump to conclusions.
+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!
+
+What are some of you all doing out there to find a deal? I feel weird sitting on cash like this and want to get into another property but I can't find anything worth while that'll give me the cash on cash return I want. 
+
+Any advice?
+I reached out to John Petrofsky, Director and Assistant General Counsel @ DTCC and he sent me this message:
+
+*"Thank you for your inquiry.*
+
+*There was a* ***technical formatting issue*** *with the filing.  It will be refiled shortly and then reposted.*  ***In substance it will remain the same.****"*
+
+This is good news!! assuming they didn't change anything without our knowledge.  Its probably best that we compare each version of the document to make sure.   Shoutout to u/cisconate for archiving a copy of the old DTC-2021-005  [here.](https://pastebin.com/adT3ZUZ0)
+
+**EDIT: Shameless plug.  In lieu of awards please consider donating to the SOLACE FOR STEPHANIE FOUNDATION, helping families dealing with the nightmare that is cancer. Every penny helps!** [**https://www.solaceforstephanie.org/make-a-donation/**](https://www.solaceforstephanie.org/make-a-donation/)(mods if this breaks the rules I'll remove it but I'm just trying to help a cause I love)
+
+EDIT 2: I removed the email for legal purposes.  Mods, feel free to contact me if you want verification
+
+EDIT 3: I sent a follow-up email 4/13 @ 9pm asking when should we expect to see 005 refiled. He replied 4/14 at 930am EST:
+
+"It will likely be refiled within a week or two."
+
+Again, these emails can be verified through mods if they reach out. Screenshots of emails will not be posted for legal purposes
+I've tried some websites that are out there like Krazy Koupon Lady and Google Shopping and been disappointed. It's 2017, do I really need to haunt 15 stores in person weekly to find out when grocery, pharmacy, and cleaning products are on sale? I don't buy Sunday paper (long story, and it doesn't have every store's circular anyway) and reading pdf circulars is pretty difficult. A circular is just a way to get you to buy stuff you weren't planning on, anyway! I know what I want, please tell me when it's on sale so I can stock up. I am aware there are coupon apps but most coupons are for promoting premium priced items I don't buy and generally the savings is much less than a real sale. However if there is a coupon app that alerts you when local stores have a sale on specific items I would be down for that.
+
+ETA: Wow, this is amazing! Thanks for the response. I had never heard of any of these sites. I am definitely going to give them a try.
+I chose to look at some other companies and their short volume over the last month, including some big-boy FAANG companies, and some “meme” stock companies for comparison/perspective plus a certain bank/investment company that is clearly all kinds of financially fucked.
+
+The average short volume over the last month of trading for each company is shown below, spot the odd one out ;)
+
+GOOGL 37.70
+
+AAPL 49.90
+
+AMZN 40.38
+
+NFLX 52.70
+
+META 41.23
+
+BBBY 40.93
+
+GME 68.27
+
+KOSS 38.09
+
+BB 57.84
+
+AM See (theater chain) 60.23
+
+CS (Yes, Credit Suisse) 43.13
+
+BRK.A 5.12
+
+BRK.B 43.44
+
+MSFT 38.68
+
+C (Citigroup) 37.55
+
+KO (Coca-Cola Co. NYSE) 45.93
+
+WMT 50.45
+
+BABA 48.52
+
+TSLA 45.90
+
+NEGG 54.14
+
+Now does anybody else find this interesting? Firstly GME is far and away the highest short volume amongst all these companies that are also trading on the NYSE. I mean Credit Suisse, wtf? Maybe they are going to be bought out so people have decided they are as low as they can go.
+
+Berkshire Hathaway Class A is trading at $480,000 per share and is only %5 percent short volume over the last month. I suppose that shows a lot of faith in Buffet and Munger to negotiate a recession/depression market.
+
+The only other of these companies within the same ballpark is the popcorn selling, movie showing one. Interesting, considering it is trading in the $7 range. I suppose SHFs think it could go back to the $5 range/or bankrupt. It is in a truly terrible financial position, and so 60% short volume is not unexpected.
+
+However considering GME has proven to be stable above $24 for months now, I’m wondering what the reasoning/excuses are to their investors for continuing to short GME, to no avail. We keep buying, holding and DRSing. Soon everyone will learn what is happening despite media fud. Then kaboom, MOASS.
+
+
+TL;DR, GME has the consistently highest short volume, yet price won’t budge below $24 because we keep buying holding and DRSing. Suck it, hedgies. You can’t keep shorting it forever because time and shares are running out. Fuck you, pay me!
+
+Edit: AAPL, AMZN, NFLX, MSFT, TSLA, META and NEGG are on NASDAQ, not NYSE. So it’s roughly split between exchanges.
+
+Also added some others as requested.
+Sometimes I feel that this subreddit is still stuck in 2017 talking about dead coins, whereas there’s this whole wonderful world of defi and web3 filled with life changing gains that I never see talked about here. But I want that to change so I’m putting together this huge list of all the cool things you can do in defi and web3.
+
+# Trustless Loans
+
+Defi is revolutionary for this. With Maker (or many other protocols), you can deposit collateral & take a loan on your assets to use in the real world wherever. This process involves no bank, no intermediary fees and offers much higher yield than trad finance. In fact, Tesla just did a real estate backed loan with maker dao.
+
+​
+
+https://preview.redd.it/pa8dz8uan5v81.png?width=1650&format=png&auto=webp&s=5e304f1bad425e5f8fc4d74ad574c99144aae374
+
+Anchor protocol on Terra also allows you to take a 75% LTV loan on LUNA and staked ETH. 
+
+# Anchor protocol : Guaranteed 20% interest savings account
+
+​
+
+https://preview.redd.it/xg3na5vtn5v81.png?width=2880&format=png&auto=webp&s=7237fe2712cf83e161f431d9755a5f254a7f0585
+
+Speaking of Anchor protocol, you can get a safe 20% yield on the UST stablecoin. I’ve been doing it for over a year. There are rumors that the yield will deplete because of low reserves and not enough loans but it has been replenished and been going strong for years so until the yield is not worth it anymore, all my stable cash is parked in Anchor.
+
+# Lottery
+
+Want to join the lottery? Well, PoolTogether isn't just any lottery. It's a DeFi protocol allowing for "no loss lotteries." How? Users are able to deposit funds, & yield is given to a verifiably random address in the pool. Losers can then still withdraw their assets. 
+
+​
+
+https://preview.redd.it/cxdhkz5vn5v81.jpg?width=1017&format=pjpg&auto=webp&s=2e5a9657ec4839cc0175e3987fb97957017656b2
+
+# Aave Flash loans 
+
+If I told you that you could get millions of dollars in assets in seconds, with no bank, with no collateral, and at no risk to the lender... I'd probably sound crazy, right? Well, flash loans on Aave are built to be repaid in the same tx, otherwise it'll revert and fail. You can do this to perform arbitrage trades and other cool things. 
+
+​
+
+https://preview.redd.it/vvo2akyxn5v81.jpg?width=574&format=pjpg&auto=webp&s=ef6e331a505d1c9a3b9814d5d979dfc51b699672
+
+# Gambling 
+
+Want to place a bet? There are many options to choose from on Ethereum, the most popular being augur. This is a global, no-limit betting platform where you can bet on sports events, economics, world events, and a whole lot more on a decentralized marketplace. 
+
+​
+
+https://preview.redd.it/thvxkqtwn5v81.jpg?width=1200&format=pjpg&auto=webp&s=6a96eec9d9b201dcf23373d075447582045a97ac
+
+# Yield farms
+
+Not interested? Do you prefer to just hodl your coins and not think about them? Why not earn some passive interest in the process! Head over to YFI & join the yield farms, with many different options to choose from. The YFI community works hard at developing strategies for their vaults, acting like a high interest savings account. Users can deposit & immediately start earning yield! 
+
+​
+
+https://preview.redd.it/yc8bosuyn5v81.jpg?width=1200&format=pjpg&auto=webp&s=e7b30cdb16cf1d4a1e5d0649251e81f802517eb3
+
+# DEX liquidity providing
+
+Speaking of liquidity mining... Do you have assets that you’re bullish on and that you want to put to work? Many DeFi protocols such as Uniswap, Sushiswap, & Curve are in need of liquidity. Deposit tokens of your choice to start earning yield in different tokens, & earn trade fees on swaps! Careful though as this exposes you to impermanent loss. 
+
+​
+
+https://preview.redd.it/p4oqabd0o5v81.jpg?width=1200&format=pjpg&auto=webp&s=12f2b0e93b1d6deadb1fab38d02e7ea97475ed0f
+
+# Lido (staked eth)
+
+Do you hate having to worry about opportunity cost of locking up your eth? Of course, that's not a problem for DeFi. Simply access liquid staking derivatives in order to unlock liquidity and put it to use. sETH represents staked ETH on Lido. After depositing, these sETH can be used in DeFi. 
+
+​
+
+https://preview.redd.it/zldclbe1o5v81.png?width=820&format=png&auto=webp&s=9cacfd74f24133883b14f06d63d0de6ced475fc0
+
+# Curve
+
+This protocol is an absolute behemoth with about $20 billion in TVL making it the largest protocol by total value locked. Visit Curve to start earning complex, double digit yields on your holdings. Curve has incentivized stablecoin pools, which people use to trade high volumes with minimal slippage, and even conduct arbitrage for yield.
+
+​
+
+https://preview.redd.it/hk5c8ph2o5v81.jpg?width=1200&format=pjpg&auto=webp&s=1e134b3eeed1b1ea55defa2a7c20cf0c9f3fb983
+
+You can stake your CRV tokens on convex finance to earn yields from curve trading volume and bribes from protocols trying to incentivize liquidity. This is a whole rabbit hole that I will make another post about. 
+
+​
+
+# Abracadabra 
+
+Have some more appetite for risk? Go beyond just yield farming and take on leveraged yield farming! Some protocols allow users to deposit interest-bearing assets, and borrow stablecoins Tokens earning yield on CRV can be used as collateral for Abracadabra, for maximized composability. 
+
+​
+
+https://preview.redd.it/1ksh04x3o5v81.jpg?width=1200&format=pjpg&auto=webp&s=7f1578b6bb30ab67d755ee876b849dd58bf6e1b1
+
+# Balancer
+
+Want to balance pools?Balancer is a liquidity provision dapp allowing users trade on various tokens. Rather than swapping tokens in several pools, Balancer only ever transfers the net amount of tokens out of a single pool, resulting in significantly cheaper trades. 
+
+​
+
+https://preview.redd.it/iyin68z4o5v81.jpg?width=1000&format=pjpg&auto=webp&s=a72e544836c19642d7008975e1388eb78379e488
+
+# Synthetic stocks/forex
+
+Want to trade other real world assets on the blockchain? Synthetix offers a platform for users to swap various synthetic tokens like stocks, forex, or even precious metals! They use oracles which take data off-chain and bring them on-chain to offer tokens which are pegged to real life assets... 
+
+​
+
+https://preview.redd.it/7j5swst5o5v81.jpg?width=1200&format=pjpg&auto=webp&s=b8a64e4121f821e296e41e42116afe044be90b99
+
+# Defi pulse index
+
+Don’t want to think about it all too much and just wanna passively invest in an index? Of course it's possible. There are a handful of DeFi native indexes that offer exposure to a basket of assets in a single, convenient token. This can be an index of the top tokens in DeFi, a basket of NFTs, or anything else you could imagine. 
+
+​
+
+https://preview.redd.it/qa7xiu47o5v81.jpg?width=833&format=pjpg&auto=webp&s=79a642ab587aaa9ca298005fb11e3788cec678fc
+
+# DYDX
+
+Want to trade with leverage? DYDX offers the perfect interface for this! On it, you can trade perpetuals at any time on a variety of different contracts that are supported. It uses StarkWare's layer 2 solution for increased security, fast withdrawals, and cheap trades. 
+
+​
+
+https://preview.redd.it/bm39i488o5v81.jpg?width=709&format=pjpg&auto=webp&s=c4ad25d6459e379345196667661cad46ae636a0d
+
+# Airswap 
+
+Want to swap tokens p2p?
+
+AirSwap offers a unique P2P DEX: entirely open-source, supporting gas-less swaps. You can set up a trust-less trade with any counter-party, to conduct swaps that will only occur once specified conditions are met. This is perfect for OTC. 
+
+​
+
+https://preview.redd.it/uhxd0479o5v81.jpg?width=1200&format=pjpg&auto=webp&s=56f364750cbc5ca9e4a792948fd5d4f29fec43fd
+
+# Fixed forex
+
+Want to trade various forex currencies? Fixed Forex provides an alternative to USD denominated stable coins. It allows liquidity providers exposure to currencies such as EUR, KRW, GBP, CHF, AUD, and JPY. On the DEX, you can make trades with no slippage & minimal fees. 
+
+​
+
+https://preview.redd.it/7r496x2ao5v81.jpg?width=1188&format=pjpg&auto=webp&s=8e84218f447f1127b53e26edea74cdada96c9e98
+
+# Barnbridge 
+
+Want to tokenize your risk? Barnbridge is a fluctuations derivatives protocol for hedging yield sensitivity and market price for assets. Using tranched volatility derivatives, Barnbridge lets you clarify the exposure to risk you want to take on a specific token. 
+
+​
+
+https://preview.redd.it/7vdxiavao5v81.jpg?width=1200&format=pjpg&auto=webp&s=fdd9919fc582e7ad532d3788521d36d437c6f86e
+
+# Gnosis
+
+Want a multi sig? Gnosis provides a dApp for easily making multi-signature wallets that require multiple addresses to approve a transaction. This is especially useful for project treasuries, daos, and anything else you could imagine. These are customizable in many unique ways. 
+
+​
+
+https://preview.redd.it/sqei6pgdo5v81.png?width=800&format=png&auto=webp&s=2f1e94ff4c15992ba6c86186b6192da1e3f6f133
+ULTRA has just launched and has not even been live for 24 hours, they have put themselves on track to become the next memecoin giant.
+
+​
+
+Ultra has managed to smash Saturna's world record of 5,000 holders, achieving the milestone in only 22.5 hours. In the same timeframe, UltraSafe's team has gotten the project listed on Coingecko. Only legitimate projects have the opportunity to list on coingecko in such a short amount of time, most memecoins take weeks or even months.
+
+​
+
+A world record breaking, coingecko listed, audited coin that just launched, my ape radar is off the charts.
+
+​
+
+If you missed the past moonshots of this subreddit, this is looking extremely promising based off the sheer quality of the project and big names in the telegram, not to mention marketing is just starting now.
+
+​
+
+Telegram: [t.me/UltraSafeOfficial](https://t.me/UltraSafeOfficial)
+
+Website: [ultrasafe.finance](https://ultrasafe.finance/)
+
+Pancake: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a)
+
+Contract: 0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a
+
+First, I hope I used the right flair. I'm sorry folks if this is the wrong place. Edit: this is a story of my first pay check.
+
+Two weeks ago, I started a new job. Last week, I had $-88 in my bank account. I'm a big nerd and had many expensive  hobbies before I was laid off in April. I sold about $300 worth of Magic the Gathering cards for $125 to a local game store just so I could get back to $0. Credit card bills unpaid. I lost all of my savings. I've had horrible medical issues. I was about to be homeless as of, quite literally today. I'm only just realizing that as I type. 9/30. Fuck me. Life changing pay check on the day I was meant to lose everything. Somewhere, there's an alternate universe being born.
+
+Anyway. I opened my bank account and saw +2000 and got overwhelmed. This is double what I used to make and that was double what I made serving tables or working in a book store. I am generationally impoverished. My mother was a single mom working at Waffle House in GA to make ends meet. We only got Christmas if teachers bought us Christmas, which happened a lot. I got paid for the first time in months. I'm rambling because of this.
+
+I just needed to tell people that I'm happy today. I may have just broken free of shackles of three generations. I paid my rent. Input money in savings. I looked at my shopping list to get cat food and a new tooth brush and thought....fuck me, I can do that without worrying. I can buy a toothbrush again. I haven't bought pants in 5 years. My clothes are all threadbare and falling apart. I can go to the target and buy a shirt or some pants and not worry about it. I can treat myself to an ice cream. I can buy my wife, who has sacrificed so much for me, a hair cut. I can buy some light bulbs for the burnt out rooms in the house. I can set up auto pay for my phone bill. The sky looks blue to me for the first time in a long time.
+
+Today I opened by mobile banking app and I wept.
+
+Edit 1: I did not in my wildest dreams expect this outpouring of love and good will. When I say that I never knew I needed such validation, I mean that. I've tried to respond to everyone who commented to say thank you. I feel that if you took time out of your day to say something to me, I owe it to you to thank you. And I am thankful. All of your comments have brought me to tears. This experience talking with the community has taught me to be more gracious in every day life and to start to love the little things again. If I wasn't able to thank you personally, I'm sorry for that. I did/do read every comment here and I am truly grateful to have been able to post my story and talk with you all. I want to take the opportunity to thank everyone I didn't or couldn't respond to and to thank those I did again. I guess to make it even, I will double thank the people I didn't respond to. Jokes aside, this experience has been life changing for me. I'm so used to feeling negatively on or about the internet. Thank you for showing me that we are still capable of kindness, in this case extreme kindness, even behind a computer or phone screen. Peace and love to you all.
+> “The secret of very early retirement is that almost everyone makes money after retiring. Too much happy energy to avoid it.”
+ 
+- Mr. Money Mustache responding to someone on Twitter
+
+That quote was recounted on the [Mad Fientist podcast with Michael Kitces on the 4% rule](https://www.madfientist.com/michael-kitces-interview/) (which is a must-listen episode, BTW). Michael is a fee-only financial advisor who routinely works with early retirees. After listening to this episode, I'm wondering if many of us can "retire" earlier than we thought.
+
+More on this subject from the interview in no particular order:
+
+>  “In reality, we need things to wake up to in the morning. We need to have a sense of progress, and we crave to have something that gives us a feeling like we’re having impact. Most of those things end up being something that make money!”
+
+> “We see this routinely with clients and have for years and years now. If you’ve got any capability to work in retirement, most people we see continue to work in retirement for a period of time. Or they take some time off and realize that they’re kind of bored, and they go back working in early retirement.”
+
+> “…the number of people who insisted on getting to their pure stand-alone FI number because they never ever ever ever ever wanted to work again… and then within 3 years were working again…”
+
+> “I find a lot of early FI folks grossly underestimate the sheer impact of just doing a little part time work for like $10,000 a year. Assuming a 3% withdrawal rate, an extra $10,000 of side gig income is like having another $300,000 in your portfolio.”
+
+> (talking about a client) “I know you’re trying to work another 7 more years for early retirement, but if you just cut back your work and income 50%, you’d be ready to ‘retire’ today.”
+
+While I'm also working toward FI, if I'm being honest with myself, I'll likely never be able to retire fully (unless I'm physically or mentally unable). 
+
+Even if I hit my number and wave goodbye to my job, I'll probably pick up a hustle and start earning at money again within a few months. I won't work full-time, or all year, but I will most certainly work. Given this information, I'm sincerely considering leaving full-time employment earlier than planned (like super-lean FIRE territory...)
+
+**Is anyone else planning on working on an income-generating activity in early retirement?** If so, are you adjusting your FI number to account for this? Or do you disagree with this sentiment?
+
+Who cares if our mods are awkward and do not have the social awareness to mitigate problems with their live streams. Who gives a flying fuck that we did not recieve the actual vote total and we may never know the actual amount voted.
+
+Gamestop had a fabulous day and you should be excited about the company's future. About month or so ago, everyone was having wet dreams about the day that gamestop would get a badass ceo. Well here he is and he is about to transform the company.
+
+It is still highly likely that retail owns over the float. It is just a waiting game now. Citadel is a drowning fly in a glass of water and they can't get out.
+
+Be patient and buckle up 🚀
+
+Edit: We are also on an exponential floor. Most apes at this point shouldn't worry about dips because you won't lose anything before the squeeze. It's just profits at this point
+
+Edit 2: the vote fud needs to stop. With the sheer number of people voted plus the amount of apes on here who were on brokers that did not allow them to vote plus the normies not on reddit who also bought shares; It's hard to argue that we do not own the float. Everyone needs to chill with the vote count
+Currently at the Michigan vs. Colorado St. game. As soon as the first half buzzer went off, almost in sync, I watched roughly 6 people all immediately turn on Instagram. More followed a few minutes later, and even saw someone watching a YouTube video of one of Michigan’s previous games this year.
+
+Does this count as DD?
+Have a look at IBA, the company trade at 2.32 billion dollar and have almost 1 billion cash, with price/book of 1, (when most of it is cash). 
+
+Fwd p/e of less than 10, EV/EBITDA, of less than 4 and revenue growing very nice last 5 years, 
+
+it's hard to find a cheaper company than that.
+One of the most concerning aspects of the current market crisis is this [chart](https://s3.amazonaws.com/blackrockblog.com/content/uploads/2019/09/BBB-bond-share-of-corporate-market.jpg). Almost half of the investment-grade corporate debt is BBB-rated and just one step over the non-investment grade.
+
+Coronavirus was an unexpected event that shook the markets and triggered huge sell-off and dislocations, however, the actual effects of the slow-down are yet to come. Once BBB-rated corporate bonds start losing their investment-grade status, liquidity will dry up for these guys.
+Unreal how bananas the market is over crypto right now...Kodak announces a coin to be used by photographers on their site as a way to sell photos and the stock price surged as high at 105% in the afternoon today.
+
+Article here: https://www.cnbc.com/2018/01/09/kodak-joins-cryptocraze-with-digital-photo-licensing-site.html
+I wish I was here with advice or wisdom to help you do the same. I'm not. I'm here as a cautionary tale to tell you what not to do.
+
+I graduated with a degree in mathematics in 1997.  I can not precisely tell you what my loan balance was (cautionary tale, remember?) but it was probably around $30,000.  Yep. You read that right.  $30,000 and it took me 22 years to get it dealt with.
+
+Over those years, I defaulted twice.  Had wages garnished twice.  Went into a repayment program after the first default and was doing pretty darn well until 2016.  Had a bunch of personal stuff happen, and ended up in default again.  I didn't open my mail. I dodged every phone call from them.  I just couldn't face the idea of talking to them.  I got really lucky and got a bonus at work.  They garnished part of that, and it was enough to finally pay off the loans.  I'm free.
+
+But - if I had just communicated with them and kept myself together, I could have been free years ago.  
+
+I do have a tiny bit of advice learned from the school of hard knocks:
+
+When bill collectors call you, they can be jerks.  However, if YOU call THEM, it's a different story - at least when it comes to student loans.  Sit down today and call them if you are in arrears.  Talk to them and don't bury your head in the sand.  They can do things to help you avoid defaulting - or help you sort it out if you have defaulted.  I know it's no fun. I know it's mortifying.  But, if you suck it up and make the call, it will be better in the long run.  It will give you a path to freedom.
+The federal budget has a provision that if companies hire in some age group, they get a bonus.
+
+Just for discussion not for politics behind it. Is this not discrimination (based on age) as per law?
+
+Edit: Related news
+https://www.theage.com.au/national/victoria/we-have-no-hope-budget-criticised-for-overlooking-older-women-20201007-p562xz.html
+I am 21 and I have never touched coffee, tea, alcohol, or any type of drug. (What a fkn prude right?) Mormons generally try to stay away from these substances. Anyways, you have my word if Tesla hits 750 EOW, I will make a vid of me tasting coffee for the first time ever.. 
+
+
+Edit: for some reason this post was too short. Ummm, for anyone knowing how retarded I am, I yolod almost my whole portfolio on $790 calls expiring 7/9. TESLA TO THE MOON!! 🚀 well, to mars..
+
+Edit 2: getting a lot of questions about the church. If you have any legit questions or concerns or thoughts you want to share, message me!
+
+Edit 3: wow this blew up… while you’re here, follow me on twitch @goatcaster I’ve gotten way too many comments to respond to so just ask me there.
+I will be netting around $12k this summer with my internship. Outside of the summer, my normal job (September - May) brings home $500 a month. I am 21, have no debt and my monthly expenses are $400. I don't have any experience with investing of any kind and only have a few thousand saved in a savings accounts (more than enough for a six month emergency fund).
+
+What would be the smartest thing to do with my summer income?
+
+So far my paychecks have just been sitting in my savings account. For the most part, I don't plan on spending any of this income in the near future. I would like to spend around $4k next summer for travel, assuming travel is (somewhat) back to normal then, so I don't want to put all of the income in something that will tax me to withdraw from it. Any advice is appreciated. Thanks.
+A large amount of Elon Musk’s phone [records were released](https://techcrunch.com/2022/09/29/elon-musk-texts-discovery-twitter/amp/) for the upcoming Twitter trial. 
+
+It turns out he had a plan that was later deemed not feasible to put Twitter on the blockchain, ban all bots, and charge 0.1 DOGE to tweet or retweet. 
+
+>  “I have an idea for a blockchain social media system that does both payments and short text messages/links like twitter. You have to pay a tiny amount to register your message on the chain, which will cut out the vast majority of spam and bots. There is no throat to choke, so free speech is guaranteed.”
+
+> “My Plan B is a blockchain-based version of twitter, where the ‘tweets’ are embedded in the transaction of comments.”
+
+> “So you’d have to pay maybe 0.1 Doge per comment or repost of that comment.”
+The housing market is so messed up right now and I don’t know if this hurts me competing with 20% down. 
+
+Does the seller get all the money from the bank at the same time or do they get the cash part first?
+I will buy a normal car, a normal house and I will get a job I enjoy doing.
+Yeah, financial independece is great, but what I am most excited for is dumping my gains in green businesses, research and education. 
+
+I want to spend my money for the benefit of the majority, not the 1%. I hope (and know) other apes will do the same.
+
+This is why I HODL
+Here's a little more info about my situation for more context:
+
+I'm 35 and I currently have a TFSA with Desjardins of about 45 000 that don't earn me any interests. For the last few years, I've been saving this money because I was always on the edge of buying a house, but giving the recent explosion of the real estate in my area, I have no idea when and if it's ever going to happen anymore.
+
+I also have a RRSP with 'Fonds FTQ' of about 22 000, and another RRSP with my job of 11 000.
+
+I have about 30 000 of cotisation room left for TFSA.
+
+I'm single and live alone (not by choice, buy I don't expect this to change soon), and I make about 75 000 a year before taxes. I also just opened a TFSA account in WealthSimpleTrade but there's nothing in it yet, as I'm not sure where to start.
+
+I also work for a private company, so I won't have a pension fund when I retire.
+
+What would be the best thing to do with this money (and future money), if I want to invest it long term, but keeping the possibility of using it IN CASE something in my life changes and I suddenly have an opportunity to buy a house?
+
+Please don't be too hard with me as I'm really new to all of this. Any advice will be greatly appreciated.
+
+​
+
+EDIT:
+
+I didn't expect this post to be so downvoted. I sincerely apologize if it wasn't the right place for it.
+
+​
+
+EDIT 2:
+
+My first award! Thank you kind stranger! :D
+
+Also, thank you all for taking the time to write your thoughts, I'll try to make good use of all your advice!
+[Here is the report I made for myself](https://imgur.com/a/85HcV).
+
+I used You Need a Budget 4 to manually enter every single transaction and also managing my budget. I blew my budget quite often but just having numbers and goals written down helped me to control my finances quite a bit. I also used Mint to compare with my YNAB and to categorize all of the transactions.
+
+It was a big pain in the ass to do this but i really look forward to the days where i will take an hour or so to reconcile my transactions and make near term plans in my budget. Hopefully this helps you to track your spending and really know what's going on.
+
+**Edit:** A lot of salt here from people that are upset I don't pay for housing or food but many don't realize I've worked hard in my career to get here and that there are thousands of opportunities out there that do the same, you just need to look for them. Room and board are part of my compensation, they aren't free! If i were making 15k more a year and mailed out a mortgage check every month would that make all of you happier?
+
+When I lived in California, I was making ~72K for the same job so this is a substantial paycut. The difference, obviously, is that my COL is so low out here. I do, however, trade that low COL for things that you probably take for granted. I live on a small isolated and very remote island, I can't just leave whenever I want to and I can't just take off for the weekend or the night. I literally live thousands of miles from all my friends and family. The availability of goods is very limited and we face shortages often. The internet is very slow and relatively expensive and goods take weeks to make it out here if you order online. My entertainment options are extremely limited compared to a lot of places. I don't pay at the cafeteria but the food quality isn't that great and I don't choose what they make, I eat whatever they decide to make that day. I have to put up with a ton on inane rules that I have absolutely no say in. Sometimes, staring at the same three square miles and seeing the same faces every single day gets a little old. Infrastructure is crumbling, flights are super expensive in and out, my room is only about 400 sq ft of space, etc. etc.
+
+There are many other good points of living here, which is why I've stayed as long as I have but you can see that there are definite drawbacks to living a lower COL life.
+
+**Edit 2:** This isn't supposed to be me advocating people live a lifestyle or have a budget like i do, it's me advocating tracking your expenses and analyzing them thoroughly so that you can control where your money goes. AKA read the title
+With many developments in the sector, this month's been quite eventful thus far. We've seen a massive influx of new buyers into the crypto-sphere. Initially money is usually put into BTC and diversified outwards when people realize that there are other coins with potential.
+
+That being said... The next 30-45 days will be quite exciting for Ethereum. The second largest coin in terms of market cap. Why?
+
+**1)** In just over A DAY, thats right... ONE DAY...
+$ETH will undergo a hard-fork (not one that results in two different coins), in order to give the already innovative technology, a BOOST.  This upgrade, only makes what is already good, even better... by implementing Ethereum Improvement Proposals (EIPs). The last upgrade was over a year ago which saw the price of $ETH go up some hundreds of percent (%), leading up to and after it. It is to be noted that moving up that much and fast was easier at that time because of how low the price and market cap were. This upgrade has been highly anticipated for some time and is a step in the right direction (UP). Price will more than likely be bullish, despite some fools saying that it is "already priced in".
+
+Metropolis Byzantium Countdown : https://fork.codetract.io/
+Read more about the Upgrade : https://blog.ethereum.org/
+--------------------------------------------------------
+**2)**  October, 20th 
+For those of you who don't know Ethereum is the largest blockchain consortium on the planet. It is backed by some of the biggest names you may think of (ie. Microsoft, Intel, FUCK JP MORGAN, Toyota, MasterCard, etc.)... they've added several corporate members to the Ethereum Enterprise Alliance over the course of this year, and will continue to do so as interest for this technology is only rising. Everything anything EEA related happens price has historically gone bullish. 
+On Oct, 20th the EEA is holding a meet-up in New York City. Where the "EEA will give a brief update on the status of the organization and then four EEA members will share demos of products available based on EEA technology" (EEA MeetUp and Demos). 
+This could be another potential bull case for Ethereum in the near term.
+
+EEA MeetUp registration : https://www.meetup.com/New-York-Smart-Contracts-Meetup/events/243867896/
+--------------------------------------------------------
+**3)** From Nov 1st - 4th
+Ethereum will be having its annual Developers Conference, formally known as DevCon III. It is being held in Cancun, Mexico. This is a conference exclusive to Ethereum, and Ethereum only. It is where literally every single important person who's helped with the development and maintenance of ETH will be. They will discuss a bunch of cool stuff, and potentially open gates to new technological possibilities. 
+Similar to the Metropolis Upgrade, this is something that has historically proven bullish for ETH. It gets people amped up when some of the smartest brains behind Ethereum meet up and bond. Tickets are expensive and have been sold out for some time (from what I understand). This will be an exciting start to November. 
+
+Ethereum DevCon III website : https://ethereumfoundation.org/devcon3/
+--------------------------------------------------------
+**4)** Mid/Late November
+Bitcoin will undergo a hard-fork (one where two coins are created from one). Truthfully don't know much about this and don't care to. There's a ton of controversy around it, but generally people believe that since there is two coins arising from one the sentiment for BTC around that time will be relatively bearish. 
+Investors and traders would probably diversify into safer "drama-less" coins around that time (ie. ETH and LTC). 
+But like I said, I don't know much about this and would hope ETH benefits from this. 
+
+A better explanation on possible scenarios for Bitcoin in November (I saved this image a while ago, it is not mine and was made by a fellow reddit user) : https://imgur.com/a/608To
+
+---------------------------------------------------------------------------------------------------------------------
+This is why I have money invested in Ethereum, and why I believe it will run up in monetary value for the next few weeks/months. I'm just so excited guys lol.
+
+**EDIT:** **Apparently $ETH is also Technically bullish : https://imgur.com/a/iIb34**
+Credit : https://twitter.com/CarpeNoctom/status/919280763245400065
+
+
+
+**There are plenty of new traders that just threw money into other coins and don't realize the potential ETH has. Please read this. I appreciate any feedback**
+
+*Up vote and Comment* ~  *Spread Love and Positivity* 
+
+My twitter <3 : https://twitter.com/CryptooKid?lang=en
+
+
+
+> U.S. homebuilding surged to a 13-year high in December as activity increased across the board.
+
+> The data suggested the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.
+
+> Housing starts jumped 16.9% to an annual rate of 1.608 million units last month, the highest level since 2006.
+
+https://www.cnbc.com/2020/01/17/us-housing-starts-december-2019.html
+Hi traders,
+
+We wanted to get your feedback on the recent influx of users posting screenshots of their wins without context.
+
+We have Rule 2 (Don't glorify losses) where we require you to instead create a post detailing what you did and ask for advice on how to improve your trading.
+
+We're thinking of requiring something similar for wins - create a post detailing how you did it and give advice to help others. Because posting a picture of your account showing that you made x amount of money, without any context, is somewhat useless to the community. 
+
+We get that users want to celebrate their wins and users also find the posts motivational, but we think with this change they can also benefit the community.
+
+Feel free to leave your thoughts and feedback!
+This is a request for Coinbase to do like Airbnb did and give their customers the option to participate in their IPO.
+
+Proposal: give customers the option to buy up to $20,000 of Coinbase stock at IPO price.
+
+I have a strong feeling that Coinbase will be pressured by Wall Street against this idea. Please upvote if you agree with this. 
+
+This is about an even playing field. We do not want to see the traditional IPO with bankers buying the stock at IPO price and selling it at a 50 percent or 100 premium to the general public.
+
+We the users who have contributed to Coinbase’s success deserve this.
+
+EDIT: to all those who say this isn’t technically possible... AIRBNB just did this 2 weeks ago at their IPO. I know because my friend (who is a host and not an accredited investor) bought 150 shares at IPO price.
+
+Want proof? Okay: https://www.cnbc.com/2020/12/10/airbnb-hosts-profit-from-ipo-pop-spreading-wealth-beyond-investors.html
+
+Edit: Apparently Uber and Lending Tree did something similar at their IPO as well
+
+Edit: noticed that the Coinbase CEO is actually on Reddit : u/bdarmstrong - Please make this happen Brian!
+TL;DR This website takes your money and mails you blank forms that you could have obtained for free, and charges very high fees for this “service”. It leads you to believe you are paying a fee to receive a document directly (such as a passport or birth certificate). Warn your friends and family not to use this website!
+
+I’m ashamed to admit that I fell for a scam yesterday. My first instinct was to keep it a secret due to embarassment, but I’m sharing this in the hopes that it can help prevent other people from falling for this scam. 
+
+In the midst of all the pandemic confusion, some government services have been restricted or shut down. I recently realized my passport expires on 4/24 of this year. However, the post office is not currently doing in person passport renewals. I was curious to see if there was a way to renew passports online. When I googled “Online passport renewal” this website, govfilingsonline.org was the first result. I was taken directly from google to the “Online passport renewal” website. I’d like to think that if I had gone to the main page first, I would have noticed further down the page where they mention they are a private company not affiliated with the government. In my opinion, this is only here to provide them plausible deniability, and they are hoping most people won’t notice this.
+
+Now what I THOUGHT this website was, was an official government website that allowed for online passport renewal. The website is well designed and didn’t set off any “scam” alarm bells for me. It leads the user to believe that you have to pay $130 to the website, and you will have your renewed passport mailed to the address you provide. 
+
+What this website ACTUALLY does is mail you blank passport renewal forms, which you can obtain for free from this website: https://travel.state.gov/content/travel/en/passports/have-passport/renew.html
+
+You then have to fill out these forms, and send an ADDITIONAL $110 to the government for the passport renewal fee, as this website is unaffiliated with the government in any way, and pockets the $130 you send them.
+
+This website has hidden in the terms and conditions that it processes orders immediately, and so will not offer cancellations or refunds under any circumstances. It also has small text next to what looks like a checkbox for standard agreement to terms that says “The $130 does not cover the $110 fee” or something to that effect, which I actually read and somehow didn’t process before I hit “submit”. Some part of my brain was like “What does that mean? Eh, that must be for special cases, there’s no way this website just takes $130 and provides nothing.” and I clicked before that thought had completely sunk in. I instantly regretted it. I realized what the scam was when I got my confirmation email that basically says my blank forms are on the way, which I will then need to fill out and mail back to the government with my $110 passport renewal fee, old passport, and passport photo.
+
+Obviously I am kicking myself, and I’m sure anyone reading this must wonder how I missed so many red flags, and I must be an idiot. I’ll admit, looking back at this, I have no idea how I fell for this. However, if I can fall for it, it’s possible that one of your friends or family could as well, so PLEASE make sure everyone you care about is aware of this website and knows not to use it for any services. (They also pull the same scam for people trying to obtain their birth certificate apparently.) 
+
+I’ve read that people who mentioned submitting a charge dispute received the following response from this company: 
+“We win 99.5% of credit card disputes we receive. After we beat a dispute, we charge $100 (as outlined in the Terms) to recover damages caused by the customer's dispute. If the $100 debt does not get paid, we report it to all 3 credit bureaus to negatively affect the disputers credit. If the individual attempts to dispute the credit reported debt, we also rebut that inquiry to ensure that the customer either pays the debt, or the credit remains affected.”
+
+So I honestly don’t know where to go from here. I may call my bank and just see what they think, but I kind of want this to just be over. I don’t want this company causing further trouble for me and impacting my credit for $130, and I don’t want to end up having to pay them $230 instead of just the $130 I have most likely already lost. Even though this company obviously knows the scam they are pulling on people, they seem to have their bases covered with various small print disclaimers littered around the website.
+
+I think I have to chalk this up to a $130 lesson learned. I figure if I share what I’ve learned with other people, then the cost per person of this lesson goes down the more people I share it with. 
+
+The takeaways here: 
+
+* Just because it’s the top result on Google DOES NOT MEAN it is a legitimate resource, or that it is what you are actually searching for.
+* Before giving any  money to any website at all, just give the name a quick search. I really wish I had done this before giving this site money, because there are plenty of results of other people complaining of getting scammed exactly like I did. I’m not alone in having fallen for this companies’ misleading scam.
+* Scammers are getting more sophisticated. A website can have no grammar mistakes, have a professional clean design, and still exist only to steal your money. Don’t trust a site because it doesn’t “look like a scam” that isn’t enough! Why this is a lesson I had to learn the hard way, I don’t know. I’m a professional web developer, I can make a professional looking website by myself in a few hours, and if I had no morals or ethics I could set up a similar scam myself.
+* IT WASN’T A .GOV WEBSITE! WHY DID I NOT CONSIDER THIS?! Make sure what you’re doing just generally makes sense. For example, if you think you’re on a government website, is it a .gov domain? 
+* Don’t rush, take things slow, make sure you read everything that you are agreeing to, even if it’s boring and you think it’s the same standard stuff you’ve seen a million times.
+
+Again, I realize this looks like I just ignored a million red flags and this makes me look like a complete idiot. Trust me, I realize this and I definitely feel like an idiot, but I want to help people not fall prey to this scam, and make sure they can protect people they care about such as parents, grandparents, other people who may be more likely to fall prey to such a scam. I don’t have any excuses here really, I’ve had a lot on my mind, I wasn’t focused on the task at hand, it was one chore of many that I just wanted to put behind me and I rushed through it thinking this was a legit way to renew my passport. Ironically this is now a much bigger deal than it would have been if I had just taken my time and made sure I understood what I was doing. 
+
+Links to sites where other people complain of falling for the exact same scam in the exact same way that I did, just so you can see that I’m not some exceptionally stupid outlier: 
+
+https://www.bbb.org/us/ca/sausalito/profile/legal-document-help/govfilingsonline-1116-898909/complaints
+
+https://www.trustpilot.com/review/govfilingsonline.org
+
+https://no-scam.com/review/govfilingsonline-org-4480/
+
+https://ripoffscams.com/reports-filed/govfilingsonline-org/upland/https-www-govfilingsonline-org-this-is-an-internet-based-company-to-help-you-file-an-ein-number-they-take-your-money-whether-you-want-their-business-or-not-sausalito-ca-california/75419/
+
+https://reportscam.com/govfilingsonlineorg_1
+
+Edit: 
+I've learned that the same guy that runs govfilingsonline.org also runs the following sites:
+
+* FastBirthCertificates.com
+
+* quicktaxid.com
+
+So please avoid those sites as well. He's running similar scams using those domains.
+
+BBB complaints for FastBirthCertificates.com:
+https://www.bbb.org/us/ca/sausalito/profile/recorded-information/fastbirthcertificatescom-1116-538915/complaints
+# Circuits of Value and Emblem Vault 🔒
+
+  
+Emblem Vault is the first product of the **Circuits of Value ($COVAL)** ecosystem, it allows the wrapping of **multiple digital assets** (e.g. digital files, NFTs, crypto, games) inside a **single NFT** – enabling the creation of an **entire blockchain-agnostic wallet inside one tradeable token.**
+
+**Some use cases of this NFT primitive include:**
+
+Cross-chain Trading on Ethereum – This allows tokens from any blockchain to be traded for any other token using the Ethereum network.
+
+* **Atomic Swaps on Ethereum –** Trade multiple tokens from any blockchain in one transaction (think of gas savings).
+* **NFT Trading** – Trade any or multiple NFT’s for any other NFT or multiple NFT’s.
+* **Portable Liquidity Pools –** Hold multiple liquidity pools inside a token (e.g. Balancer, Uniswap)
+* **Tradeable Portfolios** – Trade entire portfolios in one transaction (i.e. ETF’s)
+* **Create Hedged Tokens** – Combine tokens inside an Emblem Vault to create a composite token.
+* **Digital Entertainment** – Video, games, and music inside an NFT (anti-piracy).
+* **Tokenization** – Tokenise real-world assets for supply tracking or trading.
+* **Blind Transactions** – Send tokens to a Vault and hide contents within with a password, the vault can be traded many times but transactions will be hidden on-chain unless you have a password.
+* **Store Encrypted Data** – Stored Value (e.g. gift cards), software keys, coupon code.
+
+[How to use EmblemVault](https://web.archive.org/web/20210318060431/https://web.archive.org/web/20210227214307/https://desktopcommando.medium.com/how-to-use-emblemvault-14ba241ca42a)
+
+**What are the Tokenomics?**
+
+**$COVAL is the utility token used for the purchase of products and services offered by the Circuits of Value ecosystem, it can be used for Emblem Vaults and future products. $FUEL is a utility token used within the Emblem Vault Platform for discounts.**
+
+*The total supply of $COVAL is 2B and the circulating supply is around 1.2B.*
+
+# Staking Plans
+
+They have some interesting plans lined up for the $COVAL token, one of which I can describe here.
+
+Imagine if you will an ERC20 token that allows you to deposit a token, and earn yield. When you spend your earned token, the equivalent of your deposited token will be burnt. You can later withdraw the remaining deposited token, keep your yield, but your balance of the earned token will be reduced by your withdrawal amount.
+
+This system will allow staking, and yield without withdrawing your earnings, so gasless on mainnet. Shadowstaking is another term.
+
+# Why should I care about Emblem Vault?
+
+The entire cryptocurrency space has taken the concept of “money” from a very small set of possible currencies all controlled by centralized governments, to an infinite set of possible ways to exchange value.
+
+The crypto space opens up endless possibilities for party-to-party exchange, almost like we have gone back in some ways to the days of bartering, where you could trade bananas for chickens and the act of building a barn for a horse (I might have been watching Little House on the Prairie recently …)
+
+But the problem with the barter space and the problem with the crypto space are the same:
+
+how do 2 parties quickly and efficiently negotiate how many bananas are worth a chicken, or how many hours of barn work are worth a horse, or how many chickens PLUS hours of barn work are worth a horse?
+
+And in the crypto space, how can I give someone a “composite” token, meaning that I use some of my BTC and some of my ETH and some of my Dai and some of my Tron in a single transaction?
+
+Currently, you CAN’T. In the crypto space, there is NO elegant way to exchange coins and/or tokens across multiple blockchains in a single transaction. Instead, one has to transfer BTC and then transfer eth and then transfer dai and then transfer Tron (and do that to 4 different addresses, and let's not even talk about fees).
+
+What the crypto space is lacking is a simple way to combine multiple coins and/tokens and exchange them as a single “store of value”.
+
+Enter $COVAL (Circuits of Value). Emblem Vault is a product of the Coval sandbox, born of the Coval ideals that crypto should be universal; fully exchangeable across blockchains, coins, tokens, countries, everything.
+
+Using Emblem Vault, anyone, anywhere, can combine currencies across different blockchains into a single “store of value” and then transact that “store of value” WITHOUT EVER MOVING THE INDIVIDUAL COINS/TOKENS until they are claimed and are ready to be spent at any moment.
+
+# The process looks like this:
+
+**Create a vault**
+
+**Put shit into it.** This can be any combination of BTC, ether, any ERC20 token, AND any ERC721 token.
+
+* **Send that whole combination of stuff as a single tx to anyone you want and however many times you want.**
+* When the time is right, **the current owner “claims” a vault**, receiving the private keys for all included coin/token types, thus being able to import them into ANY crypto wallet and spend them.
+
+Try it for yourself. Go visit [emblem.finance](https://web.archive.org/web/20210318060431/https://emblem.finance/) and create one.
+
+# Quick overview:
+
+# Current price: $0.04
+
+Market Cap: $49 Million
+
+[Buy on UniSwap](https://web.archive.org/web/20210318060431/https://info.uniswap.org/token/0x3d658390460295fb963f54dc0899cfb1c30776df)
+
+[Recent AMA](https://web.archive.org/web/20210318060431/https://hillbillydeluxe2020.medium.com/ama-circuits-of-value-and-emblem-vaults-founder-shannon-code-february-2021-cd4abb40040c)| [Website](https://web.archive.org/web/20210318060431/https://circuitsofvalue.com/) | [Twitter](https://web.archive.org/web/20210318060431/https://twitter.com/CircuitsOfValue) | [Ask the Devs](https://web.archive.org/web/20210318060431/https://t.me/Coval_Chat)
+...on its own.
+
+Hello dear fellow FIRE-seekers! I’ve been enjoying philosophy recently (mostly Alan Watts books and John Vervaeke’s ‘Awakening from the Meaning Crisis’ lecture series \[[youtube](https://www.youtube.com/watch?v=54l8_ewcOlY)\]). A lot of it resonated with me and made me think more about FIRE and its meaning. So I thought that you might enjoy these observations too.
+
+Today I would like to address focusing too much on *reaching* FIRE. Many folks (including past me) start their FIRE path very vigorously and with a lot of zeal. I would call this a “FIRE honeymoon” period. FIRE is still new. There are so many low-hanging fruits to cut the expenses. Your net worth is multiplying like crazy. And the promise of the eternal bliss of never working again hangs in front of your nose like a carrot. This zeal by itself is not bad (again, I was exactly like that myself), but it creates an illusion of FIRE being the Holy Grail of one’s existence, paradise on Earth and 42 at the same time. It might even become one’s *only* life goal, and this is dangerous.
+
+Being so FIRE-centered sets an unhealthy reference point. As Laurie Santos points out in her renowned [course ‘The Science of Well-Being’](https://www.coursera.org/learn/the-science-of-well-being) (free and highly recommended), humans are bad at absolute estimates. So we stick to relative comparisons in almost everything by using reference points. These reference points can be healthy (for example, comparing my happiness living independently versus me living in a student dormitory with a bunch of roommates) or unhealthy (comparing my abs with Brad Pitt’s abs in *Fight Club*). Some of these reference points help me to appreciate my current state *more* (“I’m so glad, I don’t need to share my room with a bunch of strangers anymore”), and the unhealthy reference points make me feel like a failure (“heck, I’m not Brad Pitt”). Unfortunately, anticipated FIRE can function as an unhealthy reference point. Every living minute is being compared with that ephemeral thought of once you are finally FIREd. Waking up early, because of work? “Oh, but when I FIRE…” Feeling tired in the evening? “But one day…” Not being able to slow travel? You get the point. Unfortunately, this only makes you feel miserable *now* and *does not make the marvellous future any closer.* 
+
+Aside from thinking about FIRE, one can easily make themselves even more miserable by cost-cutting all the fun and joy from their life. Once you get rid of the low-hanging fruit expenses, you gain quite some momentum and it is not always easy to stop. So once the true bullshit is gone, the good stuff, which you truly love and enjoy, can’t avoid being sacrificed for the almost holy sake of FIRE. (I am unfortunately also speaking from my own experience.)
+
+Such future-focus has another non-obvious pitfall, which I understood after reading Alan Watts’ *The Book*. He claims that  *one living in the future now will never be able to live in the present*, even when the future comes. Being a huge gratification-delayer, this resonates a lot with me. Indeed, while it is easy to perceive FIRE as THE ANSWER™, it will not magically resolve all your problems and concerns. FIRE-ing might even create additional ones: “Is my stash large enough?” and “When will the next financial crisis begin/end?” As one FIREd guy put it - “There is no prize when you reach FIRE.”
+
+I personally try to model FIRE as a ‘life multiplying tool’. Right now you have to spend 40 hours a week doing stuff for money which may not be too aligned with your wants. Once you are FIRE, this will be gone. So you will get 40 hours per week back. If you have a lot of stuff to do, and already enjoy your life outside of work, FIRE will multiply the joy and give you even more time to enjoy stuff you love. “Woohoo! I have 40 more hours per week to live my awesome life!” However, if your life happens to be pretty empty because of your financial reductionism and centered only around sacrificing yourself to make money, you will only gain 40 more hours to feel unhappy. 
+
+I like to remind myself FIRE is not an answer. FIRE is just the first step in the direction towards happiness. Enjoy your present and live your life now!
+Please keep all GME discussion here. 
+
+These threads exist to concentrate the discussion in one place, so GME related threads will be removed unless they contain *new* information.
+I got a (part-time) job recently (less than a month) and it's my first job. I don't have any personal bills yet bc I'm only 17, so I've been taking half my check each week and putting it in my savings, for any serious future things i may need it for (college, retirement, house, etc.) A quarter of the check goes to my mom for household bills, and the last quarter is for myself to keep. My quarter totals around $75 a week. 
+
+
+$50 from my quarter is going to my savings though, because I have something specific in mind that I want, but it costs around $1200. (I could leave the money in my checking account, but I feel like it would be too much of a temptation to spend it.) 
+
+People I know keep telling me that most people don't save half, but since I don't have any bills, it seems like the smartest thing to do at the moment. Is half too much?
+For those of us who pursue FIRE in order to escape unfulfilling work and arbitrary bosses, there’s a always a tension between the urge to independence and the need to keep adding cash to the pile. An oppressive workplace can drive us to retire, but retire too early and we lack financial security. 
+
+I manage this tension by being a shirker (someone who tries to avoid responsibilities) at work. I’m a shirker because I believe my job is bullshit (see my [earlier post](https://www.reddit.com/r/financialindependence/comments/il3n5l/fire_and_bullshit_jobs/)) and I resent the lack of autonomy in the workplace. I’ve also largely given up hope of ever finding meaningful work. One day in the hopefully not too distant future I hope to quit my day job but for now it continues to be an important and reliable source of cashflow (almost half of my family’s increase in net worth last year). 
+
+In the meantime shirking at work is a way for me to avoid burnout in the job by (1) pilfering as much time and as many resources from work as possible, and (2) undermining in my small way the managerial ideology that I detest. I now think of my work as if I was running a business, and the business is a cash cow with low overheads and requires little investment. 
+
+Since I started consciously shirking it’s become a great source of enjoyment and I no longer feel the same sense of powerlessness at work that I used to. I’m continuously pushing the bounds of productivity to get through my work as quickly as possible. And I play a hide-and-seek kabuki act with my managers to keep the workload as low as possible. The work hours diverted to personal goals also reduces time stressing about work-related minutiae. Ironically, since becoming a shirker I believe I receive more respect and recognition from the higher-ups. 
+
+**How to be a shirker**
+
+* Understand the nature of the modern workplace and the real purpose of your job. I’ve found that in most jobs only 40% is in the formal job description. The remaining 60% might be to fulfil a regulatory requirement or to boost your department head’s power within the organization.
+
+* Do your work as quickly and with as little effort as possible by taking the route of least resistance on work tasks. Sometimes I’ll even leave obvious oversights that managers will be happy to catch. I’m also not above recycling my own past work and that of others. 
+
+* Always appear busy. Maintain a full email calendar and never respond too quickly to queries. Ideally work for multiple bosses so that you can make each believe you’re busy with the other one’s work. And in my experience the best boss is a dumb boss, one who won’t be too demanding because he or she doesn’t know what’s going on.
+
+* Do not, in general, openly defy management. There are many instances when you need to push back to protect your interests and so that people don’t see you as a pushover, but most of the time I keep my head down so as not to attract unwanted attention to myself. There’s no need to risk getting shot for a failed mutiny when desertion will do just as well. 
+
+* Be psychologically disengaged but alert to what’s going on at work. Dropping the ball on something management deems important is another way to attract unwanted attention to yourself. 
+
+* In some cases it might be advantageous to slow down work by following to-the-book inefficient corporate rules or work practices. In my organization this often results in days of inaction as we wait for the necessary managerial approvals and sign-offs from other departments. I’ve also seen foot-dragging and in some cases sabotage used to good effect by colleagues.
+
+* Bond with like-minded colleagues. Share information and work together against sycophantic and dishonest corporate climbers at work. I resist being an ass-kisser because I fear that sort of habit will become ingrained if I engage in it for too long. For the same reason I try to overcome my need for recognition from the higher-ups.
+
+* Follow through and stay focused on FIRE.
+
+Hopefully my experiences are helpful to others who are in a similar predicament. 
+
+For those who are interested, my personal situation is that I’m in my mid-30s and married, based in Shanghai and with two children. Our stats in USD: annual income and expenditure of $250k and $30k in 2020; current net worth: $2.1m.
+
+Edit 1: There have been some questions about the effect of my shirking on co-workers and subordinates. Let me say first of all that I don’t believe in taking advantage of peers or subordinates so that I can slack off, and I try my best not to do that.
+
+The reason why I don’t have a moral objection to shirking is because I work a “bullshit job.” It’s bullshit in a number of ways:
+1. In my considered opinion, the job doesn’t provide any benefit to society and probably represents a negative externality. The less I do, therefore, the less harm I do to the world.
+2. However much we produce, my managers will always make more work for us to do. That’s one of the reasons why it’s a bullshit job. The only way to reduce the volume of bullshit work is to push back.
+
+Edit 2: Some of the factors holding us back from FIREing:
+
+1. Our costs are abnormally low right now, since we live in Shanghai, a relatively expensive city in an inexpensive country and we don’t pay rent. We will likely move to an English-speaking country within the next five years and I expect our expenditure to at least triple.
+2. I’m one of those people who believes all assets are in bubble territory so I don’t think our current net worth is necessarily reliable.
+3. If I quit my job for good it will probably be hard to find something comparable if I want to rejoin the workforce in a couple years’ time. I might be wrong but I suspect financial institutions won’t look kindly upon someone who has a two-year gap in their CV. They want to see candidates committed to their careers!
+
+Edit 3: Thanks to those who recommended [The Gervais Principle](https://www.ribbonfarm.com/2009/10/07/the-gervais-principle-or-the-office-according-to-the-office/). Its description of the three corporate archetypes rang true to me. 
+
+I am the Loser:
+
+> They mortgage their lives away, and hope to die before their money runs out. The good news is that Losers have two ways out, which we’ll get to later: turning Sociopath or turning into bare-minimum performers.
+
+> The Losers like to feel good about their lives. They are the happiness seekers, rather than will-to-power players, and enter and exit reactively, in response to the meta-Darwinian trends in the economy. But they have no more loyalty to the firm than the Sociopaths. They do have a loyalty to individual people, and a commitment to finding fulfillment through work when they can, and coasting when they cannot.
+
+The Sociopaths are those whom I call the “sycophantic and dishonest corporate climbers” as well as most of those already in senior management.
+For those of us who pursue FIRE in order to escape unfulfilling work and arbitrary bosses, there’s a always a tension between the urge to independence and the need to keep adding cash to the pile. An oppressive workplace can drive us to retire, but retire too early and we lack financial security. 
+
+I manage this tension by being a shirker (someone who tries to avoid responsibilities) at work. I’m a shirker because I believe my job is bullshit (see my [earlier post](https://www.reddit.com/r/financialindependence/comments/il3n5l/fire_and_bullshit_jobs/)) and I resent the lack of autonomy in the workplace. I’ve also largely given up hope of ever finding meaningful work. One day in the hopefully not too distant future I hope to quit my day job but for now it continues to be an important and reliable source of cashflow (almost half of my family’s increase in net worth last year). 
+
+In the meantime shirking at work is a way for me to avoid burnout in the job by (1) pilfering as much time and as many resources from work as possible, and (2) undermining in my small way the managerial ideology that I detest. I now think of my work as if I was running a business, and the business is a cash cow with low overheads and requires little investment. 
+
+Since I started consciously shirking it’s become a great source of enjoyment and I no longer feel the same sense of powerlessness at work that I used to. I’m continuously pushing the bounds of productivity to get through my work as quickly as possible. And I play a hide-and-seek kabuki act with my managers to keep the workload as low as possible. The work hours diverted to personal goals also reduces time stressing about work-related minutiae. Ironically, since becoming a shirker I believe I receive more respect and recognition from the higher-ups. 
+
+**How to be a shirker**
+
+* Understand the nature of the modern workplace and the real purpose of your job. I’ve found that in most jobs only 40% is in the formal job description. The remaining 60% might be to fulfil a regulatory requirement or to boost your department head’s power within the organization.
+
+* Do your work as quickly and with as little effort as possible by taking the route of least resistance on work tasks. Sometimes I’ll even leave obvious oversights that managers will be happy to catch. I’m also not above recycling my own past work and that of others. 
+
+* Always appear busy. Maintain a full email calendar and never respond too quickly to queries. Ideally work for multiple bosses so that you can make each believe you’re busy with the other one’s work. And in my experience the best boss is a dumb boss, one who won’t be too demanding because he or she doesn’t know what’s going on.
+
+* Do not, in general, openly defy management. There are many instances when you need to push back to protect your interests and so that people don’t see you as a pushover, but most of the time I keep my head down so as not to attract unwanted attention to myself. There’s no need to risk getting shot for a failed mutiny when desertion will do just as well. 
+
+* Be psychologically disengaged but alert to what’s going on at work. Dropping the ball on something management deems important is another way to attract unwanted attention to yourself. 
+
+* In some cases it might be advantageous to slow down work by following to-the-book inefficient corporate rules or work practices. In my organization this often results in days of inaction as we wait for the necessary managerial approvals and sign-offs from other departments. I’ve also seen foot-dragging and in some cases sabotage used to good effect by colleagues.
+
+* Bond with like-minded colleagues. Share information and work together against sycophantic and dishonest corporate climbers at work. I resist being an ass-kisser because I fear that sort of habit will become ingrained if I engage in it for too long. For the same reason I try to overcome my need for recognition from the higher-ups.
+
+* Follow through and stay focused on FIRE.
+
+Hopefully my experiences are helpful to others who are in a similar predicament. 
+
+For those who are interested, my personal situation is that I’m in my mid-30s and married, based in Shanghai and with two children. Our stats in USD: annual income and expenditure of $250k and $30k in 2020; current net worth: $2.1m.
+
+Edit 1: There have been some questions about the effect of my shirking on co-workers and subordinates. Let me say first of all that I don’t believe in taking advantage of peers or subordinates so that I can slack off, and I try my best not to do that.
+
+The reason why I don’t have a moral objection to shirking is because I work a “bullshit job.” It’s bullshit in a number of ways:
+1. In my considered opinion, the job doesn’t provide any benefit to society and probably represents a negative externality. The less I do, therefore, the less harm I do to the world.
+2. However much we produce, my managers will always make more work for us to do. That’s one of the reasons why it’s a bullshit job. The only way to reduce the volume of bullshit work is to push back.
+
+Edit 2: Some of the factors holding us back from FIREing:
+
+1. Our costs are abnormally low right now, since we live in Shanghai, a relatively expensive city in an inexpensive country and we don’t pay rent. We will likely move to an English-speaking country within the next five years and I expect our expenditure to at least triple.
+2. I’m one of those people who believes all assets are in bubble territory so I don’t think our current net worth is necessarily reliable.
+3. If I quit my job for good it will probably be hard to find something comparable if I want to rejoin the workforce in a couple years’ time. I might be wrong but I suspect financial institutions won’t look kindly upon someone who has a two-year gap in their CV. They want to see candidates committed to their careers!
+
+Edit 3: Thanks to those who recommended [The Gervais Principle](https://www.ribbonfarm.com/2009/10/07/the-gervais-principle-or-the-office-according-to-the-office/). Its description of the three corporate archetypes rang true to me. 
+
+I am the Loser:
+
+> They mortgage their lives away, and hope to die before their money runs out. The good news is that Losers have two ways out, which we’ll get to later: turning Sociopath or turning into bare-minimum performers.
+
+> The Losers like to feel good about their lives. They are the happiness seekers, rather than will-to-power players, and enter and exit reactively, in response to the meta-Darwinian trends in the economy. But they have no more loyalty to the firm than the Sociopaths. They do have a loyalty to individual people, and a commitment to finding fulfillment through work when they can, and coasting when they cannot.
+
+The Sociopaths are those whom I call the “sycophantic and dishonest corporate climbers” as well as most of those already in senior management.
+It’s nice when a game plan plays out as expected and then some.  I bought puts yesterday thinking gold and gold miners would pull back and they did.  I thought banks would see green and they did.  I knew oil would fall (did not expect that much) and we got a bailout for Canadian companies (although not as strong as expected).  [Here]( https://old.reddit.com/r/CanadianInvestor/comments/g2md2q/april_16_market_analysis_canadian_names_edition/) is my post from yesterday which explains my analysis and the indicators I use to determine entries and exits.  Today was an interesting one.  Let’s set the scene.  SPY up 2.5% pre market on news that there has been good progress on a vaccine.  Oil down 7% after a break of support at 2am and a failed break of that new resistance at 7am.  And the rest of the day down below.
+
+**Energy and Oil Companies** - MEG Energy Corp, Crescent Point Energy, Cenovus Energy, CDN Natural Resources, Suncor Energy, Enbridge, Teck Resources Limited, Husky Energy
+
+So this morning I was watching oil tank pre-market and watching the bids/asks on MEG pre-market.  I expected a big gap down given how much oil had fallen but I noticed something.  When you look at level 2 pre-market, you can see the top 5 bids and asks.  Although market makers were playing games with a big ask order about 8% below close of yesterday, the other 4 asks were:  1% below, even, $2% above, 4% above.  So I knew this wasn’t a true gap down.  That is my first lesson (of a few) today.  Canada pre-market set up doesn’t mean anything.  First, look to see if the US side has pre-market because the CDN ticker will open at whatever the US ticker opens at; two, look at level 2 to see where the bids and asks are building to get a true idea of where we will open.
+Given the fakeness of the bid/ask we opened $2.21 and that was the low of the day.  Straight bounce to green, bull flag cool down on 2 minutes and continuation.  So I knew it was a fake open, but why the hell would my oil company be up 5% when oil is down 8%.  Then the articles start showing up:  Trudeau expected to announce aid for hurting sectors. MEG finished up 19% with a monster bullish engulfing candle (opened at low of day and finished at HOD with a huge move).  
+
+I mentioned in my post earlier this week that Trudeau said this week he would announce aid (I watch him talk every day).  These names were looking strong but oil pushed back at end of day leading to downward pressure on some of these names.  There were three things mentioned for oil specifically:  $1.7B for cleanup of orphan wells, $750M for emission reduction fund, and **credit support for SMALL AND MEDIUM sized energy companies**.  I believe names like MEG, CPG bounced more because of this component – they fall within that category while the big boys like Enbridge and Suncor bounced less.  One could argue that they also fell less this week.  
+
+So the immediate reaction to the news was bullish.  I am interested in seeing what happens when people digest the news because Alberta was asking for $10B - $20B in relief and obviously that has not come (although the exact amount of credit support is unknown as no $ value was presented).
+
+**Gold Miners** -  Kirkland Lake Gold, Kinross Gold, Barrick Gold, Eldorado Gold, IAMGOLD, B2Gold, Yamana Gold, OceanGold.
+
+I would like to draw your attention to this [graph]( https://www.tradingview.com/x/T0hNZQNN/).  I have drawn two rectangle boxes to show you failure of bull flags.  Bull flags are tiny pullbacks after a big move.  These are seen as bullish because it is ‘cooling down’ levels like RSI and getting inside Bollinger bands short term before breaking through the high of the previous day.  What you see on the third candle are attempts to break through the daily resistance.  One breaks through but gets no significant follow through and sells off, the other doesn’t even make it to support and sells off.  That’s when these turn into failed bull flags, which is a bearish sign.  Yesterday I noticed this and got my put on K.  I was up about 40% this morning and almost sold it, but it doesn’t expire until mid-May so I want to see if bears can push this below support.  Bulls held $8 this morning.  Overall the gold miners are all red on my screen but nothing is alarming.  They still hold either their 4 hour or daily uptrends.  
+
+**Marijuana Stocks** - Canopy, Aphria, Aurora, HEXO, Organigram. Cronos, and some US MSO’s. 
+ 
+I started investing in these stocks during prime hype of December 2017/January 2018.  During these times prices would go up/down 20% a day.  It was wild and fun/stressful times.  Given market volatility and the ‘bubble popping’ the volatility in these names is a fraction of what it once was.  Since the pullback of March they are basically following global markets.  SPY and markets green today, MJ green today.  Unless there is a major catalyst, short term it’s just riding momentum of markets.  
+
+**Banks** - RBC, Scotiabank, CIBC, Manulife, TD
+
+I’m very proud of this call because usually you can never time the bottom perfectly on these plays.  Like if something bounces 10%, I’m happy to catch 5% of it.  However, I said Wednesday/Thursday red, Friday green.  Call it a little luck with global markets, but the charts definitely set up an easy equilibrium read.  Pending any large global pullback next week, I would expect a green candle next week as they head towards the top of the equilibrium.  
+
+**Bombardier**  -  After losing the $0.45 support yesterday, I said we would struggle to break through that.  Although we opened at $0.47, we immediately sold off and sold to below that point.  Today, we had people buy $0.45 on five 5 minute candles but could not break through, finishing in between the range.  This is a pretty good lesson about stocks.  The guy I learned TA from always says gap ups are for selling and gap downs are for buying.  I don’t 100% agree with that but a lot of time if you are getting a 5-10% gap up on no news, selling and rebuying lower usually works out.
+
+**Air Canada** - US airlines bounced after hours yesterday, AC got the gap up.  After the fall yesterday this isn’t changing any short term momentum, still in an hourly downtrend. 
+
+**Blackberry** - Once we broke $5.60 I said that will act as support and $6.05 resistance/$6 psychological.  We gapped up, rejected off $6.02 earlier in day but pushed towards it at end.   Play $5.60 to $6.05 range to see which way it breaks.
+
+**SHOP** - So this was interesting because I was watching the Canadian name and I thought damn, all time high but then a guy I trade with said, no it isn’t.  He is looking at the American ticker and they had not hit ATH.  The Canadian dollar being devalued so much had the CDN ticker at ATH but the US ticker had it still below.  Lesson number 3 on the day: the ticker that has the most volume is the one that sets direction.  If the US name has more volume, even if it’s a CDN company, it decides direction.  I am writing this at 2pm and right now the volume for the days are 219,000 shares for TSX, 4.1 million for NYSE.  So we use that one as a judge for charts and with that, therefore SHOP did not break its high.  Nice bull flag on hourly earlier in the day and we were charging towards it as day closed (52 week high is $593.89 and we finished $591).  Monday it should test first thing.  Another rejection and I would say some pullback is likely.
+
+As always, let me know your requests.  I will try and look at them tonight or over weekend.
+Hello guys,
+
+On the 25th of February I got an email from Degiro telling me that:  **BlackRock iShares Oil & Gas Exploration & Production UCITS ETF  would be delisted from SWX**. You can read more about this on: [https://www.ishares.com/ch/individual/en/literature/fund-announcement/ishares-v-plc-shareholder-letter-jan-2021-en.pdf](https://www.ishares.com/ch/individual/en/literature/fund-announcement/ishares-v-plc-shareholder-letter-jan-2021-en.pdf)
+
+I was offered the option to move my position to  **XETRA** which I immediately accepted. I have always thought that you could be burned on ETFs **mostly** either because:
+
+* the ETF was liquidated
+* the broker vanished
+* the ETF fell and never recovered
+
+However, Degiro showed me a third option: delisting on one exchange and refusal to transfer the position to another (e.g. XETRA) on which they operate or at least help you liquidate the current position.
+
+Without going into many details for brevity, the whole process to get them to actually admit that they could do nothing lasted almost 4 months. In the meantime it was a painful series of calls (to an expensive number since technical support for my country was disabled due to "COVID"), waiting for follow ups on calls (most of them never happened). I was told on one of the calls that the **custodian was having issues to transfer the positions and that Degiro was not legally obliged to transfer delisted positions but they do it for their customers (they don't).**
+
+The way this was handled was completely unprofessional and proves that while Degiro works well when it works. Once you have a problem, you are faced with silence and blame shifting. Probably the most laughable proof of poor support was when 1 month after I sent an email about this to my country's technical support email I was told that I could:
+
+* Do OTC sell and i was asked to check the price of my position on:  [https://www.otcmarkets.com](https://www.otcmarkets.com/). This is actually not an option according to another representative from another country
+* Transfer my position to another exchange...which I agreed to 3 months earlier
+
+My options became:
+
+* Transfering my position to another broker who can do the change. Tried with IB but they do not take delisted positions
+* Hold on to the position until it becomes listed again. This will never happen according to the reasons for the delisting listed on the PDF above
+
+The big problem here was:
+
+1. Ishares announced that the delisting would take place on the 9th February:  **From the date of this notice up to (but excluding) the Effective Date (9th February), you can continue to sell your shares**
+2. **Degiro notified me on the 25th of February**
+
+I could have done the due diligence and read all the papers about the ETFs I buy but perhaps I expected a bit more from Degiro. The loss was substantial and the way Degiro handled this situation was very poor.
+
+*TLDR; If an ETF is delisted from on exchange and the broker refuses to do something about it except transfer it somewhere else or hold it, is there any legal organization i can "complain" to?*
+
+*Don't be cheap with your money folks. Degiro is good for day or swing trading but as soon as corner cases like these happen, you are in for a loss. Low fees come with a cost and usually that cost is bad support on corner cases.*
+
+​
+
+Thanks in advance
+I'm considering moving to France as a freelancer and mainly work for a Germany-based company. Is this possible? Would I pay less taxes than if I am resident in Germany and working as a full time there? 
+
+Considering that I can live in France or Germany, and can be full time or freelance (getting paid equally in both cases), what is the best scheme to pay less taxes? Thanks!
+Idk if this is the right place to ask for advise if not I would appreciate if you would direct me to the right sub.
+
+My sister’s boyfriend died of COVID this year and he was the co-owner of the house. Due to some problems she is unable to obtain the death certificate as her boyfriends family doesn’t like her, therefore the mortgage company wont take his name off the home. 
+Unfortunately after the lose of her boyfriend she is having trouble keeping up with the cost of the house. She is now attempting to rent out her rooms while she lives in the living room that way she can afford the rent.
+
+What if any advise do you guys have that I can pass onto her so she at least doesn’t have to worry too much about her mortgage situation?
+
+Edit: to clarify her late boyfriend’s family doesn’t live with her. It’s only her and your son in a 3 bedroom house.
+
+Edit2: after all the suggestions we have some resources to look into for the certificate and possibly ways to help with the mortgage such as refinancing. Many also talked about “right of survivorship” and we will look more into that as well. We will also look into getting a lawyer for her. 
+
+I appreciate everyone’s help, taking the time to provide suggestions, opening our minds to other routes we could be looking into and questions we should be asking.
+
+Edit3: i gained a lot of information for my sister and how I can help her. I deeply am grateful for everyone taking part of their day to help us. It’s getting late so I am off to bed, I will try to rely to any comments in the morning. Hace a wonderful rest of your day everyone!
+
+Edit 4: we found out she does get right of survivorship. We are still working on getting a lawyer for other advise. Also refinancing and seeing if she qualifies for the CARE act. Unfortunately the late boyfriend didn’t leave her as a beneficiary for life insurance or anything. What is done is done. I thank everyone for all your support, feedback and helpful information. It has calmed a lot of her worries and stress she was having.
+My property is on the market for about three weeks now. Everytime I ask him (my selling agent) about the viewings and if he is going to send a summary, he dodges the question saying "I'm just about to write.." or immediately attempts to call without providing anything in writing. I'm starting to wonder if there is anything suspicious going on with my selling agent.
+​
+
+https://preview.redd.it/spm73itvggh71.png?width=619&format=png&auto=webp&s=6dddfe62bbbec981bc4f862750811f30b05e00e6
+
+Duties (per job description):
+
+* Data entry and bookkeeping via our Xero accounting platform
+* Preparation of Sales, Cash Flow and Expenditure Reports, Profit and Loss Statements & Trial Balances
+* Accounts Payable & Accounts Receivable
+* Bank Reconciliations
+* Preparation of Business Activity Statements and Tax Statements for the ATO
+* Assisting with general administrative duties as required
+* Aside from these traditional accounting functions, you will also have the opportunity to participate in and contribute to building and developing solutions, systems and processes to support the business growth.
+
+​
+
+Link [here](https://www.linkedin.com/jobs/view/2679798524/?refId=ChgNpwu62ep1z7Q3nOfInw%3D%3D&trackingId=0iK8qfCVehn12YJTwWIyJQ%3D%3D) to job advertisement.
+Over the past three days, I've posted information about three stocks - all of which have gone up a significant amount in a short period of time. While I do believe in these stocks, I do not believe the insane "hype" around them is warranted.
+
+I want to make this abundantly clear:
+
+**I am in NO WAY associated with the unprecedented rise in any stock price.**
+
+**I am NOT a financial advisor and my posts are NOT financial advice.**
+
+***I am simply doing research about stocks I like, and posting on an open forum, for discussion purposes ONLY.***
+
+I will not be posting any more due diligence because of these unprecedented rises in share prices.
+
+Please do your own due diligence before purchasing any stocks.
+Latest update in my process of transferring to Fidelity, I asked them to resubmit my transfer of [assets request which after Chase finally told me they rejected it](https://old.reddit.com/r/Superstonk/comments/muslxz/my_transfer_from_jpm_to_fidelity_was_rejected_for/).
+
+So I called Fidelity, their customer support was fast and courteous and they refiled the request within 10 minutes yesterday. 
+
+Now I called Chase bank back this morning and my **REQUEST WAS CANCELLED AGAIN**.  I ended up spending *1 hour on the phone* with their customer support before they finally admitted that they cancelled it erroneously and they're now asking me to resubmit the transfer.
+
+They continue to be evasive and delaying when transferring my GME shares.  They won't give me a straight answer about why they are rejecting or taking too long.  Also these rejections have all been silent, without them notifying either Fidelity or myself.  They're just trying to sweep it under the rug and prevent users transferring out shares.
+
+Fuck Chase bank.
+
+**EDIT** Have now asked Fidelity to resubmit the transfer request for the **THIRD** time.  Ball is in Chase's court again.
+
+**EDIT 2** Another hour on hold with Chase and no real response from them.  More delays and evasions.  The amount of anger I am feeling at this company right now is hard to put into words.
+
+**EDIT 3** Called again and they hung up on me.  ~~Audio recording from latest call with hold times and identifying data edited out~~
+
+**EDIT 4** Deleted recording link
+
+**EDIT 5** Since this gets asked a lot, here are my reasons for leaving YouInvest:
+
+* JPM's risk exposure to Citadel/GME squeeze is too high for my comfort.  I consider that there is a high risk their broker fails in the event of a GME squeeze.  When they raised $13 billion in bonds last week it seemed too coincidental and risky for my comfort and prompted me to move my position out.
+* Their web UI enforces arbitrarily low sell limits ($1000), and you have to call customer support to place orders over $1 million
+* Terrible customer service
+* They denied my application for level 2 options trading several times with no explanation.  I was able to get the same approval on Fidelity within the same day I opened an account.
+* No after hours trading support
+
+**EDIT 6** after about 6 more calls and threatening to file a complaint with the CFPB they **finally** started the ACAT transfer of my GME shares into Fidelity.  I also sent them a link to this thread which may have helped.
+Margin Calls happen when a position secured on margin (borrowed money) falls in value low enough compared to the initial purchase price that the position holder needs to either close out the position or put down larger collateral to make sure the money doesn't all disappear.
+
+What happened with the $9B is **RH was trying to** **secure massive positions on GME** and other stock that were rallying, these stock had extreme volatility because they were raising so fast, **taking out a large position like this requires collateral with the DTCC** so that A) banks are disincentivized from YOLOing their entire fund into a dangerous position, and B) if your bank fails from it it doesn't destroy the global financial market because your collateral should be enough to fix a lot of the damage. The higher the assumed risk the higher the collateral requirement, because the stock was so volatile (huge movements up and or down) the calculation for risk associated made the collateral requirement very very high. Since RH most likely lumps up all their daily purchases and sends them out to the DTCC at the end of the day or week when they sent their purchases and positions. **When the DTCC received their new position said "OK to secure that position you need to hand us $12.6 billion"** upon receiving this news RH (and a bunch of other brokers who probably received similar collateral requirements) turned off the buy button, when the price fell they went back to the DTCC and said "but the price just dropped the volatility isn't so bad any more can we give you $3.6 billion instead?" and the DTCC waived $9 billion off the collateral requirement.
+
+The important difference is that The DTCC waived the collateral upon OPENING a position, they did not waive a margin call for a short hedge fund with an established position. The shorts are still bleeding, their margin collateral is probably locking up a large % of their portfolio.
+
+Hedgeis are still fuck.  
+
+
+edit:  
+adding an important comment in another thread by u/Fausterion18 and then shared here by u/jlw993 that in my opinion really sums it up better clearer than I could here:
+
+>"DTCC deposit requirements is nothing like a margin call or not being able to pay your mortgage. At no point would a broker be forced to buy shares, you have no understanding of the situation at all.  
+>  
+>DTCC deposit requirements exist due to counterparty risk. If clients of a broker like say Robinhood buys a lot of stock, Robinhood has to put down a tiny percentage of the value of the stock in case their clients didn't have the money to make good on the transaction. When the share price of what's being bought is more volatile, this deposit amount gets bigger. The GME squeeze took the brokers off guard and they didn't have enough deposited with DTCC to meet the new much higher deposit requirements caused by all the GME buying and volatility.  
+>  
+>If DTCC hadn't waived the deposit requirements Robinhood would have needed to either start liquidating client GME positions(yes, **selling** your GME stock, not buying) or halt all trading on their platform until the transactions cleared. The waiver was what allowed people to keep buying. If you wanted the price to pump higher, you should be thanking DTCC for the waiver."
+
+​
+Backstory: I bought ten bitcoin when they were $3 each. I spent them about a week later for diamonds in a minecraft server.
+
+Now, you might be wondering why I wouldn't regret spending what is now worth half a million dollars on fake rocks in a videogame, but the more I've thought about the more I've realized:
+
+- At $3 bitcoin still felt like a fun experiment. I had NO idea what I had. 
+- More importantly, let's say I kept those coins. When Bitcoin hit $20 I would have been tempted to sell. When it hit $100 I would have been verrry tempted to sell. $1,000? I'd cash out for sure. There are so many milestones where I and many of us thought it was topping out where I without question would have so;d, especially in the early years. The likelihood of me keeping those coins for a decade with the assumption that today's prices were even possible at all is extremely unlikely. 
+
+So ultimately don't beat yourself up if you sold some coins for lower prices than we see today. You made a decision that was probably right for whenever you made it.
+This is truly an honest question. I've always been interested in algo trading. But let's be honest, none of us have the data, compute power or storage that quant firms have and therefore things developed on here will not compare.
+
+Makes me wonder what the point in even trying is; the house always wins. Especially those users who sell their algorithms that perform well on backtests. Lol. I can sell you a lotto ticket with the same chance of making money in the long term
+Hello r/econ! I'm reading through Hazlitt's *Economics in One Lesson* (great book, btw) and I have a quick question about the Broken Window Problem.
+
+A storefront window is smashed by a local hoodlum. The store owner now has to replace the window, meaning that the local window maker it going to get some business. This looks fantastic! Money is changing hands, things are getting done, jobs are being created, etc. However, now the store owner cannot spend the money he used to replace the window on a new suit, or a car, or another staff member in his shop. Work was diverted, and not created. Hazlitt then uses the same reasoning to discuss over taxation and "make work" government projects; you're not creating jobs, you're moving jobs from one group of people to another. You're moving wealth from the taxed citizens (who would have spent the money on food, consumer goods, houses, cars, etc, creating jobs that way) to the government (who spend the money on a new bridge, creating jobs that way). 
+
+Here's my question: What about the rich? 
+
+So, let's say the hoodlum does not break the window. The store owner decides to just keep the money he would have spent on the replacement. No work is created, no goods purchased. The store owner does very well for himself, and becomes very very wealthy. Now, you have a problem of wealth being concentrated in one place, which seems even worse then stealing from the rich through taxes to fund "make work" projects. 
+
+Is this a real problem? How does the free market correct against the "hoarding" of wealth? Thanks everyone!
+
+Edit: Thank you everyone for your thoughtful responses! 
+Loopring has a PATENT on decentralized exchanges active in the United States patent office. Potential to replace the NYSE.
+
+Check out the patent:
+
+[https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring](https://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=2&f=G&l=50&co1=AND&d=PTXT&s1=Loopring&OS=Loopring&RS=Loopring) 
+
+>Filed 	July 1, 2018
+
+
+Methods for preventing front running in digital asset transactions
+
+Abstract:
+
+>"Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key."
+
+Sounds to me like they have already beat the market in the US. This means ANY company that wants to use a decentralized exchange for ANY product will have to go through loopring. 
+
+Of course, nobody can ban a specific chain entirely -- but loopring would be the goto for any corporation or business in America that wants to access a decentralized layer 2. They can't have competitors in the US.
+
+This is open sourced and on Ethereum so no centralization! Vitalik Buterin has said the future of Ethereum lies on layer 2 built with zkRollups.
+
+Loopring is working on a zkEVM (Ethereum Virtual Machine)!
+
+zkRollup allows for secure transactions with ZERO fees within L2.
+
+Edit: just noticed that this post was trending already with *similar* information: 
+
+[https://www.reddit.com/r/Superstonk/comments/qj1ebm/why_are_gamestop_partnering_with_loopring_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf](https://www.reddit.com/r/Superstonk/comments/qj1ebm/why_are_gamestop_partnering_with_loopring_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+
+Edit 02: it was granted on July 16, 2019!! 
+[https://uspto.report/patent/grant/10,354,236](https://uspto.report/patent/grant/10,354,236) 
+
+>Abstract
+>Provided is a method for matching orders of digital assets. The method comprises: receiving a plurality orders of digital asset from a plurality addresses on a distributed ledger, wherein each of the orders comprises a digital signature of the address, an authorizing public key, and an authorizing private key.
+Some days I wonder if I would get paid more working for a different company.
+I am happy at my job with the work I do, but would obviously love to be paid more.
+Is it wrong/is there any reason why I shouldn’t shop myself around to see what else I could get?
+
+Thanks!
+
+Edit 1: thanks to everyone for your responses. I am now leaning towards thinking I will see what is available.
+I do think it would be rude to apply for these jobs just to see what I’m worth and turn them down without considering them. So I will keep an open mind!
+What kind of home automations do you guys use, wish you had, or are waiting for? I mean things like electronic door locks, Alexa/speaker systems throughout the house, heated floors, motion sensor lights etc.
+
+I love the idea of such features, but whenever I look online at "smart homes" it seems like no single company does it all yet. The youtube videos I've seen feature people who have a different app for each feature (lighting, speakers, doors) and that doesn't seem all that convenient to me. I don't think I'll pull the trigger on such things until it can all be on one app.
+I am needing to withdraw money from a previous work retirement account. Just verifying, from what I have read online, that I would need to pay a 10% penalty and then add the money I took out to my income when I do my taxes? So if I close the account and withdraw $15,000 then I would pay $1500 for the penalty and then add $15,000 to my taxable wages/income when I do my taxes. Has anyone out there done this and does it sound right or is there something else I am missing? Thank you.
+
+I’m the guy that got scammed for 200k tether from Twitter. Here are the details:
+
+Scammer: lin_cutekiller. Edit: name changed to: Leylani_Lin
+
+Dapp: eth-coin dot info
+
+Transaction hash: 0xaaf1448c918aed5345fa521cac36e327b22fcccb3437f3cf786ddb211112d7f4
+
+Bounty: all of it is yours unless you have some sympathy and want to kick back some to me. Have at it
+
+I’ve definitely learned my lesson. Although it won’t help me personally, I’ve gone ahead and filed with local police station, FBI internet crimes, and the FTC. Not sure what else is left to do other than work hard and starting over again. Thanks to those of you that were supportive during my last post.
+I’m in my early 30s finishing up law school. I’ve secured a job at a big law firm that will start paying me 225k a year starting late 2023x What do I do with that money so that I have a secured future in 5 years? 
+
+By the time I started working, I would have about $100k student loan (all federal loan, no private) , zero credit car debt, no other asset to my name besides a car. How do I turn myself around? Should I pay the student loan all out first? Should I build cash first? Should I buy a house? 
+
+Currently renting in one of the most expensive metropolitan area in CA. 
+
+Never had money in my family - simply do not know how to work this money for a bette future.
+I feel extremely embarrassed asking this being that I am almost 30. I recently had an epiphany about my finances and spending. 
+
+It hit me today, when I realized that last month when I got $13K from a personal windfall and when checking out the balance I'm down to $6,000 with no real large purchases. 
+
+I don't have a a gambling or alchohol problem, but I spend money in a very liberal fashion. Example, if I'm hungry I'll order uber eats and spend $40, I'll buy stuff on Amazon that I need (or think I need) and spend $10 or $20. If I see something in Walmart that I like, even if it's $15 or something I'll buy it.
+
+I've always looked at frugality with a really negative view, I think I associate frugality with cheap people which I dislike a lot.
+
+EDIT: WOW! SO MANY RESPONSES! THANK YOU ALL SO MUCH! I WAS GENUINELY EXPECTING LIKE 1 OR 2 PEOPLE TO COMMENT AND THAT'S IT. I AM TAKING NOTES ON ALL COMMENTS ON HERE!
+My wife and I are currently in the process of buying a 2 bedroom condo in a really nice city in Orange County, CA for $560k. The total payment is coming out to be $3500 a month, which includes a HOA obligation of $450. I am putting $30k down, and the condo needs about $30k in renovations. 
+
+We are currently renting a 1 bedroom apartment for $2070. If we were to rent a condo at a comparable size to the one we're buying it would be $2600, so $900 less than our total mortgage would be.
+
+We don't have kids yet but intend to start a family. And in the meantime we've been able to save a significant amount every month and live without financial burdens. 
+
+We are hesitating and nervous about finalizing the deal. We have always heard it's smarter to buy and because it's an investment, especially in a red hot real estate market like Southern California where we may be priced out soon. It's also less than 2 mile commute from both our jobs and 9/10 rated schools. 
+
+It would be a dream to live in this city and have the stability of owning something as I grow my family, but spending $1400/month more than I do, and $1000/month more than renting a comparable for place seems excessive (especially because it also requires down payment and renovation costs). But then rent goes up $60-$100 every year. 
+
+I'm not sure what to do and we're pulling our hair trying to make a decision for fear of missing out on a good property and missing our chance to live in this city.  
+
+What would you do, buy or continue to rent?
+I just noticed the forum sliding getting thicker and thicker and wanted to remind everyone that Point72 and Steve Cohen didn't get their fair share of attention.
+
+I know people in the background are working on fresh DD, but I will in the meantime pledge to downvote any low effort Kenny face memes and upvote ANYTHING that mentions point72 or Steve Cohen. Even low effort Cohen face Memes, this is placeholder text to automod doesn't nuke me.
+
+EDIT: a lot of "what about this guy?!" comments, This is specifically for Steve Cohen. Steve Cohen is the person Im interested in. His name is Stevie Cohen. Thats
+
+S. T. E. V. E.       C. O. H.E.N
+Can someone explain to me how you can buy a investment property for 300k, putting 60k down.  So you get a tenant, they pay your mortgage, and you’ve got a bit of cash flow (maybe 500 or 600 a month). 
+
+How the hell are you supposed to save for the next property? It’d take maybe 5 years to save another 60k for your second property, not to mention that property prices will have increased during that time frame...
+
+Even if your property has appreciated you’ll lose cash flow by refinancing.  Is there something I’m missing?
+
+I also believe that since “flipping” has seem to gone mainstream, that prices are inflated on the fixer uppers too.
+In the equity market, fear of missing out seems to be overshadowing fear of all that’s wrong with the economy. Goldman Sachs Group Inc. says pessimism will soon get the upper hand and send the S&P 500 Index down almost 20% in the next three months.
+
+Fiscal and monetary support over the past few weeks of the coronavirus pandemic successfully warded off a financial crisis, but a return to economic normalcy is still a long ways away and investors have gotten ahead of themselves, the bank’s chief U.S. equity strategist, David Kostin, wrote in a report.
+
+Financial, economic and political risks darken the outlook for domestic equities, Goldman warns. The bank cites the lack of flattening in the U.S. infection curve outside of New York, what promises to be a lengthy re-start process, a 50% hit to buybacks in 2020 and the risk of higher corporate taxes and de facto consumption taxes if U.S.-China trade tensions bubble up again.
+
+“A single catalyst may not spark a pullback, but a number of concerns and risks exist that we believe, and our client discussions confirm, investors are downplaying,” Kostin wrote. Goldman says the S&P 500 will probably drop to 2,400 over the next three months before it rebounds to 3,000 by year end.
+
+The index slumped 0.5% Monday to 2,914 as of 9:45 a.m. in New York.
+
+
+Kostin notes that large swaths of the investor community have failed to cash in on the S&P 500’s 31% surge since its trough on March 23. He points out that most mutual funds have underperformed since the bear market low, with long/short and macro hedge funds posting single-digit returns as a group, and investors may face pressure to chase the rally.
+
+“The ‘fear of missing out’ best describes the thought process,” Kostin said.
+
+Futures positioning shows investors still doubt S&P 500 rebound
+
+But he warns that it’s a risky move. Even with measures of the breadth of the recent rally improving in recent days -- potentially signaling more buy-in on the idea the gains will last -- Goldman Sachs’ sentiment indicator has barely improved since mid-March.
+
+“Skepticism abounds regarding the likelihood the rally will continue,” the strategist writes.
+
+relates to Goldman Says Stocks Due for 18% Drop After Rally Driven by FOMO
+Kostin is pessimistic on the outlook for corporate profits, citing frozen growth plans and capital expenditures will drop 27% this year. He points out that the only encouraging driver for earnings is the swelling federal deficit, which in effect acts as substantial support for demand.
+
+Caution on equities may also be warranted in the face of stretched valuations -- to the extent that anything about 2021’s bottom-line outlook can be discerned.
+
+The benchmark U.S. stock gauge trades at 19.5 times the buy side’s estimate of next year’s earnings, Kostin concludes, the highest level since 2002.
+
+https://www.bloomberg.com/news/articles/2020-05-11/goldman-says-stocks-due-for-18-drop-after-rally-driven-by-fomo?sref=s0L1qQ1H
+After coming back to work after a 2 week convalescence, COVID-19 measures are going to make the next few weeks to months really tough. I know my emergency fund is here just for this kind of rainy day, and I am not worried about money. However, while I am lucky to still be able to work, it will be half time, and I'll have to take PTO for the rest of that time (as of right now.)
+
+I have been diligent in building up that PTO for months now and it is about to be robbed from me. I know many people have it worse, but if I was already RE, then I wouldn't even be stressing about this. This means I will be re-doubling my efforts to save more, plan better, and leave this rat race the second I can.
+Gyms are slowly opening up in my area (USA), so I thought I would give active and fit direct (AFD) since it is cheaper than many membership fees.
+
+How it works
+
+You sign up via a USAA link
+
+You pay $25/month plus a one time enrollment fee.  After the first 2 months, it is a month to month subscription. 
+
+You look up the gyms to see who they are partnered with.  They are partners with larger gyms like LA Fitness, Crunch and Planet Fitness as well as smaller local gyms in my area.
+
+The AFD website will print up a guest pass letter you hand over to the gym.  You show your ID, your letter, and your AFD membership card and boom, that's it.  The gym then signs you up for their regular basic membership at zero cost to you.  
+
+I signed up for the 3 gyms since 2 of them are near my place and the other one is near my work, so I have freedom on when/where I can work out.
+
+If you do not want to work out at a gym, they have thousands of online videos for work outs.
+
+Anybody else used this?  How was your experience?
+
+
+**edit**
+
+You can get Active and Fit Direct through AAA as well.  Another user said to contact your health insurance to see if you qualify.
+Just an interesting topic to see where people lie in this. The scenario being a lump sum given to you, what figure would you describe as "life changing" and why?
+Okay, I'm new to stocks and the market in general, but I've got a hypothetical question.  What is someone bought 50m worth of netflix stock in 2012, when it was 10 dollars a share, and they wanted to sell it? How would they go about liquidating this without crashing the market? Would such a thing be possible?
+She has dementia. My dad bought several of them years ago, then he passed away, and my mom just kept paying all the fees even though she never used them. Now I'm her POA and I keep getting these absurd bills. What a scam, my god. How do I end it? 
+
+and PSA: NEVER BUY A TIMESHARE. For the amount she has to pay in fees and dues she could take much, much nicer vacations than she would ever get out of these things.
+
+Edit: I'm a she, not a he. And my mom's estate is worth a lot, I can't just tell them to kick rocks as much as I would like too. It will just keep accruing fees.
+
+Edit 2: The timeshare is taking it back, calling it a transition. I have to pay all of her fees that are past due and a $250 transition fee. So it isn't as bad as it could have been. Thank you all for helping.
+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!
+
+Mirae Asset emerging Bluechip fund has limited it's SIP value to ₹2500. What does this mean for a fund in general?
+
+
+Here's a link to download the official addendum:
+
+https://www.miraeassetmf.co.in/docs/default-source/addendum-2019/notice_limiting-inflows-through-sip-suspension-of-stp_maebf.pdf?sfvrsn=e0174fa2_2
+https://www.bloomberg.com/news/articles/2020-09-15/big-investors-are-dying-to-know-what-the-little-guys-are-doing
+
+Professional investors turn to Reddit, Twitter to track retail
+
+Individual traders have become a sizable stock market force
+
+Thanks for the award.
+Over the last month or so I have been working with /u/hooper356 and /u/PM_ME_NUDES_KITTENS who have previously posted analysis of Gamestop’s NFT related infrastructure:
+
+\- [https://www.reddit.com/r/Superstonk/comments/qmo9uq/new\_nft\_subdomains\_on\_nftgstopsandboxcom/](https://www.reddit.com/r/Superstonk/comments/qmo9uq/new_nft_subdomains_on_nftgstopsandboxcom/)
+
+\- [https://www.reddit.com/r/Superstonk/comments/p2rnqn/a\_review\_of\_gamestop\_subdomains/](https://www.reddit.com/r/Superstonk/comments/p2rnqn/a_review_of_gamestop_subdomains/)
+
+I work as a Penetration Tester, specialising in Open Source Intelligence (OSINT). I’ve created my own unreleased domain reconnaissance tool that helps to identify hostnames that may be missed by other popular tools, while also collecting data that can highlight other avenues for information discovery.
+
+In this post I’ll be furthering /u/hooper356 and /u/PM_ME_NUDES_KITTENS's work, providing a brief summary of information I've found relating to Gamestop’s NFT hostnames. I'll also touch on the Loopring related question - “**Does the gstop-sandbox.com domain definitely belong to Gamestop?"**.
+
+Gamestop has many domains, most of which do not contain content relating to NFT infrastructure and will therefore not be included below. The following Gamestop domains will be included:
+
+* gamestop.com
+* gstop-preprod.com
+* gstop-sandbox.com
+
+Three other '\*gstop-\*.com' domains have also not been included due to lack of NFT related content.
+
+**NFT Hostnames**
+
+The tables below show all 'nft' hostnames discovered on the domains:
+
+[gamestop.com](https://preview.redd.it/8j7c2hfksy081.png?width=941&format=png&auto=webp&s=dc495ed2207dbba10b32b654e32146c7ada03b8a)
+
+[gstop-preprod.com](https://preview.redd.it/yv875r2lsy081.png?width=941&format=png&auto=webp&s=39caccbc96a04a99c90e4ad6deccd853b8e5a9ec)
+
+[gstop-sandbox.com](https://preview.redd.it/reintgvlsy081.png?width=941&format=png&auto=webp&s=175611c5ff8344309700ca71c324679bc307bdd1)
+
+The tables show a number of hostnames discovered within the last month:
+
+* cf.nft.gamestop.com
+* api.nft.gamestop.com
+* internal.nft.gamestop.com
+* api.nft.gstop-sandbox.com
+* cf.nft.gstop-sandbox.com
+* cf-api.nft.gstop-sandbox.com
+* cf-internal.nft.gstop-sandbox.com
+* internal.nft.gstop-sandbox.com
+
+The latest of which, found on 16th November, do not currently have resolvable IP addresses:
+
+* api.nft.gamestop.com
+* internal.nft.gamestop.com
+
+It should come as no surprise that this is a project that is actively being worked on and changes to the infrastructure are observed often. 'CF' likely refers to CloudFlare or CloudFront.
+
+**SSL Certificates**
+
+The disclosure of hostnames via publicly available certificate records can be extremely useful for a number of reasons:
+
+* Discovering uncommon, unique subdomains
+* Disclosing related infrastructure found on other domains
+* Timestamped records of when hostnames first appeared in the public domain
+
+The latest (unique) NFT related record pulled via [https://crt.sh/?Identity=gamestop.com&output=json](https://crt.sh/?Identity=gamestop.com&output=json) can be seen below:
+
+`{ "issuer_ca_id": 62148, "issuer_name": "C=US, O=DigiCert Inc, OU=www.digicert.com, CN=GeoTrust RSA CA 2018", "common_name": "www.gamestop.com", "name_value": "api.nft.gamestop.com, dam.gamestop.com, gamestop.com, internal.nft.gamestop.com, link.gamestop.com, login.gamestop.com, m.gamestop.com, mobileapi.gamestop.com, nft.gamestop.com, perf-dev.gamestop.com, perf.gamestop.com, perf-stg.gamestop.com, www-1.gamestop.com, www-2.gamestop.com, www.gamestop.com", "id": 5622175669, "entry_timestamp": "2021-11-16T22:55:51.336", "not_before": "2021-11-16T00:00:00", "not_after": "2022-04-18T23:59:59", "serial_number": "07ae6fc6365e208457fc474492bf45f1" }`
+
+Link: [https://crt.sh/?id=5622175669](https://crt.sh/?id=5622175669)
+
+Other records show clear links between the **gamestop.com** and **gstop-sandbox.com** domains dating back to 2019:
+
+`{ "issuer_ca_id": 9324, "issuer_name": "C=US, O=Amazon, OU=Server CA 1B, CN=Amazon", "common_name": "maintenancepage.gstop-sandbox.com", "name_value": "sandbox.login.gamestop.com, sandbox.m.gamestop.com, sandbox.sso.gamestop.com, sandbox.www.gamestop.com", "id": 2220419865, "entry_timestamp": "2019-12-19T20:18:19.905", "not_before": "2019-12-19T00:00:00", "not_after": "2021-01-19T12:00:00", "serial_number": "0d6b61dbeaabe233c28d9a3cebe0e65d" }`
+
+Link: [https://crt.sh/?id=2220419865](https://crt.sh/?id=2220419865)
+
+Of each hostname found via SSL certificate records, the table below shows the first time each hostname occured on [crt.sh](https://crt.sh):
+
+https://preview.redd.it/hfivbd9isy081.png?width=370&format=png&auto=webp&s=bafceaee584dac05b0c056dcb000a63470ad58ba
+
+Based on this data, I believe the gstop-preprod.com was used at the start of the project before development work was migrated to the gstop-sandbox.com domain.
+
+**Canonical Data**
+
+This section represents all data that has been found in the CNAME field of a DNS record.
+
+Definition: *"A Canonical Name or CNAME record is a type of DNS record that maps an alias name to a true or canonical domain name."*
+
+The table below shows all NFT hostnames with CNAME records:
+
+[CNAME Records](https://preview.redd.it/ly2fyfw9y3181.png?width=672&format=png&auto=webp&s=861ae670377e6832c42d9d71bde9c3ae82cc549d)
+
+`$ host` `nft.gstop-preprod.com`
+
+`nft.gstop-preprod.com` `is an alias for` `d3elt88n1ov7cg.cloudfront.net``.`
+
+Browsing directly to '[http://nft.gstop-preprod.com](http://nft.gstop-preprod.com)' will lead you to a 403 ERROR page. The HTTP 403 error code translates to 'Forbidden'. However, if you browse directly to the CNAME record address '[http://d3elt88n1ov7cg.cloudfront.net](http://d3elt88n1ov7cg.cloudfront.net/)' you will find a nice easter egg:
+
+[To The Moon Meme GIF by Shibetoshi Nakamoto](https://i.redd.it/bk6v2cxesy081.gif)
+
+**Gamestop x Loopring domain (****gstop-sandbox.com****)**
+
+**Question**: Does the gstop-sandbox.com domain definitely belong to Gamestop?
+
+**Answer**: Beyond reasonable doubt, **Yes**. While conventional methods (WHOIS records) for confirmation aren't available to us in this instance due to privacy restrictions, there are too many similarities and connections across the domains for any reasonable argument to suggest otherwise.
+
+This includes:
+
+* Subdomain naming conventions
+* Content overlaps
+* Shared SSL certificates
+* CNAME records connecting gamestop.com to gstop-\*.com domains
+* Similar IP address ranges (Class C range differences) across domains
+
+I have provided some examples of this above which I hope is enough to ease any minds that were still unsure. I could create a separate post re-enforcing all of the evidence, but I honestly don't think it's necessary. For anyone with a technical background the publicly facing infrastructure tells the whole story that is in no way hidden from us.
+
+**Conclusion/TLDR**
+
+* New NFT hostnames are appearing week by week with 8 new hostnames found in November.
+* gstop-sandbox.com belongs to Gamestop, along with three other \*gstop-\*.com domains.
+* nft-gstop-preprod.com domain shows 'To The Moon' GIF easter egg.
+
+*EDIT: Added missing CNAME record table*
+DOGS DOGS DOGS DOGS DOGS DOGS DOGS DOGS DOGS.
+
+​
+
+SHIBA is at an $18B market cap. What the hell?
+
+​
+
+As everyone on this subreddit knows, dog-based coins are all the rage in the crypto market lately, especially over this past day. With Elon Musk set to appear on SNL in just under five hours, shitcoin apes all around the world are quivering with degeneracy, their primitive brains focused on a singular, far-fetched goal: cashing in on the next SHIBA or DOGE.
+
+​
+
+The aforementioned apes live up to their expected apish nature quite well. They FOMO with reckless abandon into trending dog coins, regardless of the fact that they have already pumped to a disgustingly risky degree. Although they wish for a 100x, they are hopelessly unaware of a cold truth in the shitcoin-sphere--if it’s already trending with a high mcap, it’s too late.
+
+​
+
+Said apes will not make it.
+
+​
+
+To succeed in the current dog-fueled market, one must seek those coins that have not yet pumped, those rare and lucrative tokens that, while legitimate and safe, fly under the general ape radar.
+
+​
+
+MoonBud is one of those coins. A reflective, deflationary, charity-based token, $MBUD and its community carry all of the best aspects of the current dog coin meme mania; furthermore, the coin boasts an active and transparent team, fully locked liquidity/renounced contract, an upcoming and confirmed $140k USD IN-PERSON donation with Dog’s Trust Manchester, and most importantly, ONLY A $1.37M MCAP!
+
+​
+
+What? Yes, you heard that right. MoonBud, the best dog coin on the BSC, with its sleek and aesthetic logo, professional-grade website, phenomenal dev team, and an upcoming six-figure donation….IS ONLY $1.37M MCAP!
+
+​
+
+Don’t continue to FOMO into already pumped, trending dog coins. Don’t continue to get rugged trying to get into the ground floor of one. Instead, buy some MBUD, save some dogs, and arrive early to the dawn of the next massive dog coin pump.
+
+​
+
+Website: [https://moonbud.space](https://moonbud.space)
+
+Telegram: [https://t.me/moonbudofficial](https://t.me/moonbudofficial)
+
+PancakeSwap: [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xbe8183612f145986a41ad8e8fcfefed1c2f9deba)
+
+Contract: 0xbe8183612f145986a41ad8e8fcfefed1c2f9deba
+I (25/M) was having a nice phone call with my parents yesterday. We were chatting about life updates and stuff, when I brought up the fact that I’ll be moving out of my current place in two months (apartment out in the suburbs, I’ve been kind of isolated), as my rent (1BR/1B) is being raised by ~15% ($1.1k per month to $1.3k per month), which I thought was pretty substantial. I was telling them about how I was considering getting a roommate again, or either moving into a studio or smaller 1BR/1B that would be cheaper overall, and they simply didn’t understand why I’d be doing that. My lease is up in March, but I won’t know whether I get a raise/promotion/bonus based on my performance from last year, until this April (the company I work for is weird like that, IDK why).
+
+Anyway, they had told me:
+
+Parents: “u/HeyWhatsUpBonjour, you save way too much, you can definitely afford a nicer place in a nicer area, and your savings rate won’t be affected. What’s your savings rate right now? $X.Xk a month?”
+
+Me: “Ummm, double that, actually, but I understand what you’re saying. I just want to do whatever I can to continually maximizing my savings rate. I’m trying to set myself up for the rest of my life, right now.”
+
+P: “Holy shit. Yeah, you need to splurge a little more, you can afford to. Also, by all means, you can get a roommate, but you’ve been living on your own for the last 2 years. I’m telling you, unless you’re moving in with a SO, that’s going to be a big challenge for you. It’s your life, by all means, but remember, living costs money.”
+
+————————————-
+
+I thought all of this was really interesting. Before you say anything — no, my parents aren’t horrible with money; quite the opposite, actually. They had started their own company, lived pretty frugally and worked crazy hours in the first few years the company was brought up and running (this all took place when I was a little kid; I didn’t understand the frugality aspect until I was much older, but I do vividly remember that they weren’t around much when I was very little); but, as the company grew and became more successful, we became more of an upper-class household. Down the road, they were bought out by a much bigger corporation.
+
+So, my question is, have y’all received any “pushback” (I don’t know if pushback is the right word, hence the quotes) from your parents, regarding trying to go the FIRE route?
+
+Looking forward to hearing your thoughts, and I’m happy to answer any questions you might have. Thank you.
+As the title really. I hear a lot of people say its one of the most common things to argue about. What sorts of things? How do you resolve the arguments (if you do)?
+I'm very into long term investment and FIRE. The people from those communities usually see trading as a sure way to lose money. Also, there are many self-proclaimed gurus that try to sell the idea that trading is easy and that you can quit your 9-5 job and live off trading in no time. In my eyes this sounds delusional and scammy. I'm very sceptical about making money with trading. I'd be fighting against investment banks whose budgets are counted in the millions; they can buy software and hardware and hire the best candidates to trade. 
+
+Do I really have a chance to make money consistently? If so, what's a realistic expected return? How much do you guys make per year, and how many years of experience do you have?
+EtherDelta just announced their new token "EtherDelta Token (EDT)" (http://crowdsale.etherdelta.com/) one week after they got hijacked. The Token totally looks like scam and I provide you with some points why you should stay away from this ICO.
+
+ * Why should they launch the token in a time nobody trusts in EtherDelta?
+ * They page looks like built in a few hours, the source code is like the most basic sample app with some copy pasted content.
+ * They put no links to social media of the team members, also the team images could be copied from wherever.
+ * They show a banner of ICORating in the pages footer, but ICORating mentioned nothing about EDT.
+ * The whitepaper was released way after the page and provides you with absolutely no facts.
+ * The Telegram group they link to is totally unmoderated.
+ * The Crowdsale page doesn't even use the EtherDelta HTTPS certificate, it most likely is also affected by the DNS hijacking from last week.
+ * The Crowdsale page is FULL OF MISTAKES:
+  "Etherdelta will *lanuch* Lab 51 to incubate new *inovation* in *finiance*, technology, security *and etc*"
+ * They are even telling, Etherdelta is built upon "**Low Trust** and operational costs"
+
+I tell you, the ICO looks like **low trust** to me. Please do not spend a single ether to this token.
+
+I'm sure this is not the complete list of mistakes the Hacker did. Feel free to add more evidence.
+
+People are speculating EtherDelta wants to educate the users through a fake ICO, nevertheless this would be a huge opportunity for other scammers! This is not the right way.
+
+EDIT: ICORating just asked EtherDelta to take the banner from their crowdsale website on [Twitter](https://twitter.com/IcoRating/status/947067111452573696) 
+​
+
+​
+
+https://i.redd.it/90owxk1korl71.gif
+
+We have received reliable information indicating and impending coordinated campaign targeting our subreddit to push a proprietary crypto. Forgive me for being vague here but I don't want to give them any unnecessary attention.  We have added new automod filters to help nip this in the bud but expect attempts to circumvent it and private messages to show up in your inbox.  
+
+
+​
+
+https://i.redd.it/ffyoujamorl71.gif
+
+You all are veterans at this point and all make the independent decisions in what you invest it.  Just know that nefariously coordinated pitches like this are often not what they seem.  We also have good reason to believe the people behind this campaign have attempted phishing campaigns as well. These aren't your normal spammers. They are familiar with ape terminology and posting habits. Increased vigilance is highly recommended.
+
+EDIT: to be clear, as far as we know this campaign has not begun on SuperStonk yet. It is still in the planning phase. I apologize if that was not clear in my post. We were lucky enough to catch this before it happened. The specific nature of this campaign and it's organization is what's prompted me to make this post.
+Hello, just want to share my experience trading forex this week. So I had about $55 in my trading account and started trading GBPJPY on Monday. Won 3 out of 4 trades. But the big wins came from the XAUUSD dump this week in which I took a lot of trades and I got lucky. Felt surreal when my account reached $350 and should’ve probably stopped. But still decided to enter trades and that’s where things got pretty bad. I still have an open trade as of writing and my equity is down. XAUUSD is a beast! Been trading for almost a year now but not regularly and I only trade small amounts. This is the 1st time I made such gain and I’m not sure if I can do this again. 
+
+
+Here’s a screenshot: https://i.postimg.cc/ZY37hRJX/6-F33601-E-C36-A-4702-A31-B-49986022-D6-F6.jpg
+
+
+Lesson learned:
+
+- Stop staring at the chart after entering a trade. Most of my loss happened because I closed the trade during a reversal. Had I waited and stuck to my plan, I would’ve TP’d most of them.
+
+- You don’t have to enter a trade all the damn time. (Bad case of FOMO in my part)
+
+- Set your goal and don’t be too greedy
+
+- Don’t trade on Fridays (had backtested this already but FOMO)
+
+
+**UPDATE: Been getting DMs asking about my strategy. I use price action and I don’t use any indicators. I draw 1-2 trend lines based from previous strong support and resistance. I want a clean chart as it’s easier for me. I also did 5 years worth of backtesting. My biggest issue, as I’m sure you’ve noticed, are sticking to my trading plan (stop looking at the chart all the time after entering a trade, and closing too soon due to reversals), and discipline (don’t FOMO and setting my goals).
+
+I still don’t consider myself as a “trader” per se, so please do your own backtesting. I was also looking for the “best strategy” when I was starting out, until I realize that your results would largely depend on your attitude vs your strategy.
+Good Afternoon Apes, i hope you are enjoying your weekends, this post is mostly hype and conjecture and the product of 3 bong rips and the adrenaline/endorphins from a tasty deadlift session, this is not financial advice, merely a man drawing conclusions from what i have read and perceive to understand, very open to being obliterated in the comments by the more wrinkle brained. 
+
+Now that we've got that out of the way, LISTEN AND LISTEN  WELL YOU CRAYON MUNCHING RETARDS, THESE FUCKING ASSWIPES AT THE HOUSE FINANCIAL INVESTIAGTIONS COMMITTEE OR WHATEVER FUCKIN SHAM NAME THEY GIVE THEMSELVES JUST GAVE RC THE GO AHEAD TO SLING HIS (allegedly small) WEE WEE WHERE HE PLEASES. These latest posts outlining have been all over the place trying to understand just what the fuck is going on behind the scenes. After reading the report and concurrent posts on here I think we can come to a few conclusions: 
+
+1. The Government is inept (duh) and in some manners complicit to the fuckery and crime (also duh)
+2. The DTCC does not give a singular fuck about anyone on the planet but themselves and their profits, especially after Jan 21 when they got the RH/Ken Griffin Bag handed to them, proven by their recent rule changes and the news regarding their margin waiving.   
+3. The DTCC will shut off the buy button/restrict trading/waive margin again if it is in their self interest  of profitmaking to do so and there will not be a consequence for doing so.
+4. Restricting a stock with "idiosyncratic risk" from behaving as the free market would naturally will it is not in the best interest of the retail investor. 
+5. RC has been paying very close attention to this as his company is directly involved and implicated. 
+6. in GameStop's 10-K(maybe 13-k?) they warned the financial world, in writing, that should the DTCC be deemed incapable of protecting THEIR (GME) shareholders interest, that GME would remove their shares from the DTCC ( Badabing Badaboom MOASS bitches) 
+7. RC and every other member of the GameStop Board is directly incentivized to disrupt the gaming industry with share offerings. 
+8. DRSING your shares removes your shares from the DTCC 
+
+These conclusions mean the one thing we can do in our Theater of War: DRS, and fast. I have been seeing Purple circles in waves since the news came out, but we need more. I believe in all of you shit slinging apes to HODL, DRS, and ZEN, the reward of which will be the keys to making this world of ours just a bit better. 
+
+RC bet 15000 BBBY Calls that we can hit the mysterious magic DRS number before 2023, he believes in us too.
+https://www.bloomberg.com/news/articles/2018-12-03/morgan-stanley-predicts-ford-to-cut-25-000-jobs-in-restructuring
+
+Ford Motor Co.’s $11 billion restructuring could cost 25,000 employees their jobs, exceeding the cutbacks General Motors Co. announced last week, according to Morgan Stanley.
+
+Ford has yet to detail its job cuts, but Morgan Stanley analyst Adam Jonas predicts they could be larger than GM’s in a note to investors.
+
+“We estimate a large portion of Ford’s restructuring actions will be focused on Ford Europe, a business we currently value at negative $7 billion,” Jonas wrote. “But we also expect a significant restructuring effort in North America, involving significant numbers of both salaried and hourly UAW and CAW workers.”
+
+Ford’s 70,000 salaried employees have been told they face unspecified job losses by the middle of next year as the automaker works through an “organizational redesign” aimed at creating a white-collar workforce “designed for speed,” according to Karen Hampton, a spokeswoman.
+
+“These actions will come largely outside of North America,” Hampton said of Ford’s restructuring. “All of this work is ongoing and publishing a job-reduction figure at this point would be pure speculation.”
+So I have found an apartment complex that is 2 1-bedroom and 4 2-bedroom units. I got prequalified for $200,000 @3.5 for 30 years with 20% down. I can’t come up with all of the deposit. I do not want to dip into emergency funds. So I need $60,000. What is the best way to come up with this? Private money like people I know? If so what’s a fair % of interest or % of the profit? TIA
+It’s hard to find people in my real life who can advise about this.
+
+Summary of the situation:
+
+Early startup employee. Startup has done well, but likely years til an IPO.
+
+I have a chance to sell shares in the secondary market. Selling all today would net roughly $2 million. But potentially significantly more ($10+ million) if I wait a couple years and it continues the same growth rate. But it is a very high-risk situation.
+
+I’m financially comfortable (renting and maxing out my retirement accounts), but I have short-term goals like buying a house in a VHCOL area, which I can’t do without selling. Houses where I want to settle down are roughly $2-$3 million.
+
+How do people generally advise around handling this type of scenario?
+
+I haven’t sold any shares yet. I don’t like the idea of selling all. But I am afraid of selling too many shares too soon, and regretting it later.
+
+Wasting a lot of brainpower on this decision, and want to free it back up.
+I will buy a normal car, a normal house and I will get a job I enjoy doing.
+Yeah, financial independece is great, but what I am most excited for is dumping my gains in green businesses, research and education. 
+
+I want to spend my money for the benefit of the majority, not the 1%. I hope (and know) other apes will do the same.
+
+This is why I HODL
+It's fairly obvious to state that most well-known or famous/popular value-style or value-influenced investors are getting on. See my quickfire list at the bottom.
+
+It led me to wonder if there are any well-known or reputable value investors under 60 or so worth following or adding to my watchlist or reading list.
+
+Given that value investing (in the broadest sense) has underperformed for some time, that sort of environment doesn't lend much to younger value investors rising in prominence - but regardless I am curious if any of you have certain under 60s on your radar? I realise that age is what contributes to validating an investors successful track record, but no harm in trying to identify the next generation of potential Buffett's (so to speak..)
+
+Thanks in advance
+
+A few examples:
+
+Graham  
+Schloss  
+Munger - 98   
+Buffett - 92  
+Miller - 72  
+Marks - 70  
+Klarman - 65  
+Greenblatt - 64  
+Pabrai - 58  
+Spier - 56
+6 months ago, I made [THIS](https://www.reddit.com/r/realestateinvesting/comments/9hq9k4/did_i_do_the_right_thing/) post about a house that I flipped and received low-ball offers on.
+
+​
+
+tl;dr: Purchased for $235k, put in $30k, listed for $270k. After a few weeks of no action, received several offers of $260-$265k. The market in my area had slowed down considerably in the fall. I decided to take a chance and do a short term rental on the house and put it back on the market in the spring hoping for more action.
+
+​
+
+I rented it for 6 months at $1,600/month + utilities. Obviously not a great return for the amount I was into it, but enough to cover expenses for those 6 months and make a small profit.
+
+​
+
+Tenant moved out March 10 and I had it fixed up, cleaned, and staged (something I didn't do in the fall) for March 20. Open house was March 24 and offer presentation was tonight.
+
+​
+
+Happy to report that we received 5 offers and I accepted a cash, no contingency offer for $320k closing in 30 days. So my bet paid off!!! I learned SOO much from this experience, most notably, don't overpay for a property just because you are desperate to get into the game. Second thing I learned is that staging makes a HUGE difference for a small house.
+
+​
+
+Now, I'm going to sit and wait for my next chance to pounce on another good deal!!
+​
+
+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\*
+
+​
+
+https://preview.redd.it/rpbnj4mxmz571.png?width=680&format=png&auto=webp&s=96d74672ba1b22687f2c675838bb2f0efd41b3f2
+
+The Reverse repo's
+
+​
+
+https://preview.redd.it/gqfgmsn8nz571.png?width=693&format=png&auto=webp&s=173ec398c840f498f2e5d4b5fe9e062bf00614fc
+
+​
+
+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.**
+
+​
+
+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!**
+
+​
+
+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.
+
+​
+
+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.
+
+​
+
+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)
+
+​
+
+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.
+
+​
+
+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)
+
+​
+
+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
+
+​
+
+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.
+
+​
+
+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)
+
+​
+
+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)
+
+​
+
+[2015](https://preview.redd.it/lwlcoirlwz571.png?width=4096&format=png&auto=webp&s=4d8411b3a848674da4305445579572170cf03473)
+
+​
+
+[2016](https://preview.redd.it/fawm928owz571.png?width=4096&format=png&auto=webp&s=30ccdbb129bd291efdbaf727de8fd515fbb48b78)
+
+​
+
+[2017](https://preview.redd.it/ey1y7lxpwz571.png?width=4096&format=png&auto=webp&s=93d3c0d72d4657cf55a438c03472a31157c2e46d)
+
+​
+
+[2018](https://preview.redd.it/thyqo4drwz571.png?width=4096&format=png&auto=webp&s=85ec29ca51dc6b95d3842a2d590daf7c5d2b34d6)
+
+​
+
+[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)
+
+​
+
+Alright that's it, Have an amazing weekend everyone!
+ I’m 32, NW $10.5M. (Throwaway)  
+   
+Spent my 20’s grinding and building businesses. Had a couple of failures and had 2 successful exits by 30. Burnt myself out, took a couple of years finding the next opportunity and doing some investing. Working on a new venture now, but not feeling super excited or motivated, even though it is taking off.
+
+I didn’t really get to enjoy my 20’s, and now I’m at the age where all my friends are getting married and having kids. I’m in a great relationship, but she works all day and I end up spending my days working out and working on the business.
+
+My goal was always to get to $10M, and now that I’m here, I’m feeling disillusioned, a bit lost, isolated and overwhelmed with options. 
+
+What would you do if you were me? Find hobbies? Keep building companies? Volunteer more? Travel aimlessly? Take ayahuasca? :)
+
+Thanks FF!
+ 
+
+The same way SafeMoon popularized the redistribution to holders feature we see being used today by almost all defi tokens… EverRise has a chance to do the same with their proprietary automatic buyback feature and pave the way for other tokens to implement this feature…
+
+The way is works is a 6% transaction fee is stored in the contract and used to buyback coins through pancake automatically. The transaction is triggered after ever sell…. With this brilliant coding, you will never see 2 sells in a row! WOW
+
+Why should you invest in Everrise?
+
+EverRise token holders are not only benefited through static rewards but also by the Buy-Back process of the contract. As part of Buy-Back process, contract takes care of buying back some of the tokens and burn them whenever a sell happens. In a nutshell, 98% of the time, you will not see 2 sell transactions at any time and there will never be three sell transactions continuously at any time.
+
+​
+
+This is a run never seen before. We got listed on Coingecko after just 4 hours and i'm sure the project sells for itself, just give a look to our whitepaper and you will understand what make this thing so unique.
+
+​
+
+As always DYOR.
+
+​
+
+Whitepaper: [https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf](https://www.everrisecoin.com/wp-content/uploads/2021/06/EverRise-Pitch-Deck-1.pdf)
+
+Telegram: [https://t.me/everriseofficial](https://t.me/everriseofficial)
+
+Website: [https://www.everrisecoin.com/](https://www.everrisecoin.com/)
+Not see anyone share this yet. Santander have a new 2.75% easy access account available with unlimited withdrawals.
+
+Anyone who's still sticking with Chase at 1.5%, it's time to move!
+
+Apparently the account is only available until 1 November 2022 and could sell out sooner, so I'd suggest opening an account soon if you're interested.
+
+Full info here - [https://www.santander.co.uk/personal/savings-and-investments/savings/esaver](https://www.santander.co.uk/personal/savings-and-investments/savings/esaver)
+Sometimes it feels like once you sell there is urgency to pick the next stock and get your money reinvested.
+
+Don't fall for fomo like that. It is perfectly okay to look at the options for a day or a week and say that nothing sound appealing to you. It is okay to just sit on your earnings for a brief timeframe until the right stocks come along that feel like the right timing for you. 
+
+This has been very helpful to me as I had that feeling right before the red week of doom started last week. I sold most of my shares of stocks and nothing felt good on Friday so I started Monday with most money not invested. 
+
+Just don't force it and feel like you have to be all in every night.
+To try and explain what I mean, I'll give an example: physics is a very rigorous field. It requires large amounts of math, understanding of how the world works through experiments and derivations, and is always changing/being modified. In this regard, physics is very definitive as a science. Not to mention, it physics follows the scientific method VERY intensely.
+
+​
+
+I want to know how rigorous economics is. Is it a field also very sensitive to new observations as well? To be fair, experiments aren't really a thing in economics; what is known comes from the analyzing of past economies, firms, and using what we found to predict future actions. However, when we create graphs and models, say when we find profit maximizing prices, I tend to feel a bit unsure as to how solid these methods are. I'm not saying they aren't tried and tested, but it feels less steady then say physics. 
+
+​
+
+TL:DR- Is economics a very rigorous, both academically and non-academically, field?
+What would be the economic impact of open borders? 
+
+One estimate placed the global economic benefits of open borders at 78 trillion.
+
+Is that accurate?
+I have a lot of interest in this. Having seen the extreme effects that economics can have on the quality of life in a country and the world, I'd like to make sure that I'm aware of what will be the best/ strongest economies in the somewhat later future.
+
+Currently, the USA is very strong. Same with China. But both appear to have some very real weaknesses. Switzerland, Japan and Germany also appear quite strong.
+
+The US' biggest weakness, in my opinion, appears to be the combination of shipping a lot of its manufacturing sector overseas, and the switch to remote work that is occurring now. If most jobs in the US don't require a physical presence, would that not just be a race to the bottom to outsource them to the cheapest countries, leaving few job opportunities? The US does have a huge amount of natural resources, however.
+
+In the case of China, they are the world's factory. But they face the problems of being owned by a single political party, being relatively unliked on the world stage, and a coming demographic crisis due to the [One Child Policy](https://en.wikipedia.org/wiki/One-child_policy).
+
+Switzerland appears to have great prospects. They have a habit of staying out of international conflicts, and make high quality goods. I don't know enough about them to talk about the potential negatives.
+
+Japan and Germany both produce many high-quality goods, and have great economies currently. Though they do both have a similar problem to China with their aging populations.
+
+​
+
+Economists, what do you think will be the countries with the best economies in the next 20, 30, 40, 50+ years?
+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)
+ 
+
+I thought I’d make this post with the hopes of starting a discussion in the comments about market predictions going into the new year. 
+
+Clearly the market is in a precarious place right now. It seems as though this recent sell off is mostly the result of overall uncertainty about a few things: 
+
+​
+
+1. Fed talk of tapering increase (The sooner the taper ends the sooner the Fed can increase rates) 
+2. Inflation. October inflation rates reported at 6.2% with November expected to be 8.4%.  (November CPI data being released Dec 10th) 
+3. Rate increases 2022. 
+4. Omicron Cases
+5. Inflated valuations 
+
+I am by no means well versed in the world of economics but it is beyond me how the tapering of QE couldn't result in a catastrophic downturn in the market considering 21% of all U.S Currency in circulation was printed in 2020 with a huge portion of that money not ending up in peoples pockets but ultimately proving most effective in propping up company valuations. 
+
+I think it’s also important to note how QE tapering has impacted markets in the past: 
+
+​
+
+[fuck](https://preview.redd.it/y0l044wh62381.jpg?width=620&format=pjpg&auto=webp&s=e59dd1d09fa18e21e51bbe474422801f58c6fad7)
+
+Would love to hear some opinions below. Do you think money will inevitably be flowing out of equities going into 2022? Could we see a year of sideways trading or bear porn? Or will irrationality prevail with this being the short term buying opportunity we always hope for?
+
+​
+
+TLDR; Could be fucked or might not be
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+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).
+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
+Hype check 1-2, 1-2.. 
+
+The shill brigade is out in full force tonight. Drop a rhyme if you’re ignoring the FUD and buying more of our favorite stock tomorrow morning. I’ll start us off..
+
+I’m a 4 x ape, Been here since the sneeze. And I ain’t fucking leaving! So Ken, suck DEEZ!
+
+Edit: do any of you retards actually read the posts??
+
+Edit #2: insane amount of traffic to my shit post. Humbled and exhausted from upvoting responses. None of the above should be taken as financial advice, but here’s some life advice - Do not believe the mainstream media, they are full of 💩, we’re vibin hard in here 🦍🚀🌘
+
+Edit #3: bought 3 more shares today. Was going to buy 2 but I promised one of you I’d buy one for him/her. Can’t remember who though, so if you see this edit and DM I’ll transfer it over to your poor ass
+Hey apes,
+
+If you're unsure of who I am, I'm the guy who tracks the online activity of this sub and other subs across Reddit. I initially started tracking this because of interesting online activity on [May 29](https://www.reddit.com/r/Superstonk/comments/no2mm0/this_sub_just_went_from_85000_users_online_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) where the sub in a matter of minutes went from 85,000 users to 24,000 in a matter of minutes. I was at first met with doubt, that it was a Reddit server issue, which sometimes it is. But after tracking other subs online activity outside of Superstonk, Popcorn stock, GME, and Double USB to confirm my suspicions, I believe I was right that bots were lurking heavily here and in other memestock subs.
+
+[Here's another interesting moment when online users went down across the memestock/krypto subs](https://www.reddit.com/r/Superstonk/comments/nwcult/once_again_this_sub_just_went_from_150k_online/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+[And another although I concede I don't believe this was due to our mods anymore](https://www.reddit.com/r/Superstonk/comments/omjt15/remember_about_a_month_ago_when_i_said_100k_bots/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+Here's some data I've collected over the months with average users for each sub I've tracked since my last post. I'm rounding these to simplify.
+
+Superstonk | Average Count - 66,000 | Current User Count - 32,125
+
+DND | Average Count - 8,600 | Current User Count - 6,026
+
+Rupaulsdragrace | Average Count - 4,000 | Current User Count - 3,663
+
+D ogec oin | Average Count - 9,000 | Current User Count - 3,053
+
+Popcornstock | Average Count - 36,250 | Current User Count - 17,919
+
+Double USB | Average Count - 46,000 | Current User Count - 35,308
+
+C rypt oCurrency | Average Count - 26,200 | Current User Count - 10,812
+
+GME | Average Count - 11,900 | Current User Count - 5,488
+
+Stocks | Average Count - 5,900 | Current User Count - 4,801
+
+Stockmarket | Average Count - 2530 | Current User Count - 3,147
+
+Mildlyinteresting | Average Count - 17900 | Current User Count - 15,203
+
+Last week on Superstonk with the big Tuesday runup, we surpassed 100,000 online users again and it stayed over 70,000 the rest of the week until the weekend where it crashed to 0. This was definitely a Reddit server issue, not only here or across the memestock/krypto subs because all of the other subs I track, DND, mildlyinteresting, rupaulsdragrace, also were affected with 0 online users.
+
+However, today and yesterday Superstonk has been below 40,000 consistently which I thought was odd considering the hype coming into this week. I noticed it was also significantly lower across the memestock subs and krypto subs which was even odder. The interesting thing is, this time it's not a Reddit server issue. DND, mildlyinteresting, and rupaulsdragrace are all at their usual average numbers.
+
+My conclusion? Maybe I'm prematurely ejaculating, but I think the bots are gone from here and the other memestock/krypto subs. Are hedgies running out of money for bots? I think we're about to find out this week if we hit Alpha Centauri.
+[OC by DFDD](https://preview.redd.it/20tmqndonxv61.jpg?width=1920&format=pjpg&auto=webp&s=00b4b89082d12760a02c4051880703a00cdaea4e)
+
+Let me first thank everyone who works hard on DD that breaks down numbers and regulations to a palpable morsel so that the necessary information that we all need to stay informed doesn’t nosedive off of my brain like a slide lubed with astroglide.
+
+What I don’t see enough of though is psychological DD. These are my humble observations of human patterns and emotions as a diligent DeepFriedDonkeyApe, and I would like to address them in hopes of not just solidifying diamond hands for the MOASS, but diamond nerves for the after times when the poor ape problems are switched out for the rich ape problems.(Like Puff Daddy famously once said, “MOASS MO PROBLEMS”)
+
+In order to do that, I believe we need to openly discuss issues of basic human psychology and societal structures that are in place to keep us blind and dumb to our own devices
+
+​
+
+**Emotional Fatigue**
+
+Some of you will be teetering on the precipice of  being paper-handed bitches regardless of your post history pledging allegiance to the diamond hands club and upvoting every meme ridiculing the evil hedgey overlords. We are all heading into a massive shift. The DD points to it, the writing is on the wall. It is unprecedented at this magnitude, and you are not emotionally prepared for what is coming. Emotional fatigue comes into play regardless if the choices that are being made are positive or negative. It’s the fact that you will need to make a constant stream of high risk, high reward choices if you choose not to pull yourself away from the screen once MOASS kicks off. Furthermore, it’s that these are not just some basic input/output choices, these will be highly emotionally charged choices at every moment the price changes either up or down.
+
+​
+
+Imagine this scenario if you will. “OMG MOASS IS BLASTING OFF! I NEED TO HODL! I AM STRONG APE! OMG OMG IT’S PASSED 10K, HODL FOR MY APE BROTHERS AND SISTERS! 100K LET’S GOOOO!!! … it dipped to 80K… is this it?? Did I miss the peak! Is this the way down? If I don’t sell now I will be a bag holder, and I won’t be able to afford my dog’s braces!!? BACK UP OVER 100K!! Maybe I should sell 1 share now, it won’t hurt! I just don’t wanna be a bagholder and I want to prove to everyone I was right!!This is what the hedgies want. They are stupid, but they also aren’t stupid."
+
+​
+
+Even too much of a good thing will wear you down, and when you are mentally and emotionally worn down, it would be easy for you to be susceptible to a close friend or family member’s suggestions to SELL because all they see are big numbers and not the DD and community that supports this movement and our true value. Or say you go online and happen to stumble upon a shill post, or a shill messages you directly, and since you are already burnt out from your emotional high they can more easily suggest for you to sell under the guise of guidance.
+
+​
+
+Remember, these assholes were born or indoctrinated early on into this kind of money and mentality. These types of figures are childs play to them, but to us who were born on the other side of the spectrum, it will be emotional, and exhausting even on the way up.
+
+​
+
+[Link to an article on Mental Fatigue](https://www.psychologytoday.com/us/blog/imperfect-spirituality/201507/4-things-do-when-your-brain-is-tired)
+
+​
+
+​
+
+**Business is NEVER “just” business**
+
+Why am I so certain of that? Who run’s business? Who manages all the wealth that flows through the oily tacked fingers of the world? We do, people, humans with brains. Brains that are fueled by thoughts and emotions. Emotions that can be easily swayed if you are unprepared. The wall street assholes have been trying to manipulate us emotionally and during the squeeze they will be ramping up their efforts to save their own asses as much as possible.
+
+​
+
+​
+
+**Greed**
+
+We are up against some of the greediest mother-FUDders on this planet. From what I see, the ape sentiment is not entirely to combat greed with greed (although a little greed is prescribed) but to combat it with our smart math and science ape’s DD, and with the collective empathy of the everyday ape because most of us want better for this world. Be empathetically greedy. Remember, They have more money than you have brain cells, and will use that advantage tooth and nail until our collective overflowing diligence and patience prevails.
+
+​
+
+​
+
+**You will be manipulated**
+
+If not now by some hedge fuckery, then later on by people in your inner or outer circles and you should prepare for that. I understand that we want to think the best of the people we keep in our lives, but I reiterate again, We are about to be catapulted, not baby stepped, into heights we have never dealt with before. It will affect not just us, but the people around us for better or worse. Money doesn’t change people, money will just amplify who we already were. Insecurities, distrust, greed, jealousy, and much more will be directed straight at your big sparkly eyes. Regardless of your best intentions, which will amount to very little up against the mountain of FUD people deal with on a daily basis.
+
+​
+
+There is a great post that I looked back on fondly that gave real world proof of this from the perspective of lottery winners.
+
+​
+
+[What to do if you won the lottery pt. 1](https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba4bf?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+[What to do if you won the lottery pt. 2](https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba5nw?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+[What to do if you won the lottery pt. 3](https://www.reddit.com/r/AskReddit/comments/24vzgl/you_just_won_a_656_million_dollar_lottery_what_do/chba6fq?utm_source=share&utm_medium=web2x&context=3)
+
+​
+
+Someone had posted this in a GME thread a while back, and all I saw in the replies were the same sentiments of, “That’s so depressing.” To me, it’s valuable information. It’s reality, and a necessary reality we need to come to grips with. For your sake and the sake of the ones you wish to bring up with you. I’m not promoting paranoia or full scale distrust of everyone, just a little more self reflection about the reality of this situation post MOASS and what you might need to prepare yourself for. Guilt and fear have been the bedrock of a lot of our childhoods.
+
+​
+
+Parents and close friends sometimes use these tactics to manipulate us into doing things we don’t want to, but exclaim that it's in your best interest. Being firm and learning to say no will be your strongest tool. Set up trust funds, talk to financial advisers and lawyers of established businesses and high profile personalities to help you through this. Just wishing well, and hoping that your good intentions will make everything right as rain is a slippery slope in it of itself. We are empathetic, but don’t let it be your downfall.
+
+​
+
+There is a time for yes, and a time for no. You will have to learn as you go but understand that money will not fix everything, in some cases it will make things worse and you need to prepare for those instances because you will not be able to control all the variables when it comes to other people's emotional stability.
+
+​
+
+​
+
+**Accountability**
+
+We were born into a rigged social system, but the problems in your lives are not solely the result of the powdered wig and powdered nosed debutants that sit on high. I get that the narrative has to be an US VS THEM for the troops to rally, but understand where you need to keep yourself accountable for the way things are in your life, especially where they are unfavorable. You will still need to hold yourself accountable for all the good and bad things that come after, and money won’t fix all of your fuck ups, only your character can do that. I personally don’t hate any of the hedge fucks, that’s a waste of energy for me and I don’t care to keep tabs on them other than knowing a general idea so I stay informed.
+
+​
+
+I honestly feel a little sorry for them, that this is how they see life, on a shallow plane that constantly needs to be filled with even shallower tastes that never last. They were once kids as we all were, and somehow they were led to believe that taking advantage of an entire financial system was the right thing to do, and too see the rest of us as less than. Now that doesn’t make it any less hilarious when they are bled dry of all their money and I sure as hell will hold well past orbit to see that happen. Hopefully someday, the 2nd coming of Ape Jesus will reform the hedgies, until then I will hold myself accountable for where my life currently is, accept my mistakes, and strive to learn and grow as I Scrooge McDuck my naked ass into my mountain of money.
+
+​
+
+​
+
+​
+
+**Emotional Intelligence**
+
+Understand this, emotional intelligence is different from mental intelligence. With the latter, you can acquire knowledge and for the most part, apply in real time. With emotions though, it is majorly the opposite because you cannot force the applicable tests to occur naturally. Sure you can yell and scream at people to see if you can get reactions out of them, but the subtleties of emotional growth go deeper than that. It will be your direct split second reaction to the triggers in your life that will show whether you have truly grown or not, and you may fail, over, and over, and over, and over, and over, and over again before the neural pathways in your brain have finally let go of their old guidance system.
+
+​
+
+When you no longer react, and see clearly where you want to move next without impatience or fear, then you will know that you have learned. My point being, don’t beat yourself up if you do feel like paper-handing, or you fuck up somehow along the way because acquiring diamond hands may takes more than just slinging emojis and upvotes within a few weeks, or months for some of us. Hold yourself accountable, look yourself in the face and blow yourself a juicy kiss, and keep going.
+
+​
+
+It’s ok if you aren’t DFV. You can't just point to Jesus(DFV) and say BE CHRIST LIKE. That is a nice sentiment that will give you the warm and jigglies in your staunches for the night, but is literally unattainable for the majority of the populace unless they put in the hard mental work to be the new Ape Jesus! You also have to understand, personality is both nurtured and natured. Some people are born wired a very specific and different way than you are. Some emotions are vastly more attainable and abundant for others because the pathways in their brains allow for it to be so. You can attain it too, but it takes A LOT MORE WORK to get there. You will need to commit this to rote memory when you flair up and fuck up again and again, and takes those failures with a shit eating grin and learn little by little because you need to learn to give yourself love and grace in order to emotionally evolve.
+
+​
+
+​
+
+**What can we do?**
+
+There will be many outside the reddit bubble that don’t have the support system that we do, and will paperhands. Which will then dip the price and cause some to panic, that is inevitable. Which makes it even more pertinent for all of the GME reddit sphere to HODL and hodl each other if we need a hairy ape shoulder to rely on. As long as we outnumber the paperhands, our cosmic course will not falter.
+
+​
+
+For others The best thing you can do is do NOTHING, as in prepare, then do nothing until the right time. You have to be honest with yourself with this one and come to terms if you will undoubtedly be way too emotional on the way up to be able to think clearly, know who to trust, and every rise and dip will have your life flashing before your eyes. Set reminders on your app at specific price points (i.e. 1Mil, 10 Mil,100Mil etc.) and then wait for it to reach peak before selling on the way down.
+
+​
+
+If you feel it will help and you are able to, seek professional help to improve your mental capacity and fortitude. Therapists or psychologists can offer great methods to better understand and work through anything you need to. If that isn’t available, talk to a trusted family member or friend that will not judge you and allows you the space to air out your thoughts and feelings. Don’t wait until after the MOASS for this to happen, do it now so you can secure your future and those of your loved ones. Grow your support group and help others as they help you.
+
+​
+
+Accountability Apes! We all have the same goal in mind, and lots of you voice the pain of not having anyone in your immediate life to support you through this tumultuous and exciting time. I get it that there will be posts constantly yelling to HODL, but some may need a more direct line to keep them grounded via DMs, Discord, and what have you.(Note; I don’t see how this would be viable unless mods or other trusted groups set this up because this could easily be manipulated by shills playing coy and friendly until MOASS hits and then they give out FUD making the ones they are in contact with sell early. If all else fails, masturbate and sleep it off, meditate, walk it off, anything other than being a cheap paperhanded whore)
+
+[example A of paperhanded bitches in their natural habitat](https://preview.redd.it/ly3dcgjrqxv61.png?width=701&format=png&auto=webp&s=bcee6b1137b8691b8373b34a9be5ba4b44a92c80)
+
+[Actual footage of apes supporting each other during MOASS](https://i.redd.it/qgv4ruijmxv61.gif)
+
+​
+
+This is as much for me as it is for all of you. These are just my humble opinions, if a smarter ape can come up with anything else that can help guide the less confident apes I'd be happy to see it laid out. I see a lot of seasoned apes who get it, they don’t really post or comment, don’t care about trading sideways a few dollars here and there, don’t dance at every corner and don’t feel pressure when things get drawn out and we need to wait another week or 4, the DD is set and that is all that is needed.
+
+​
+
+Then there are the others who need the constant stimulus, and as much as we meme about daily bias, some of you actually do need it to feel secure in this decision. But those are the ones that are at the greater risk of emotionally folding, and the ones that outnumber the stoic and pragmatic apes. Hopefully you will make the right choices for your mental well being in order to get you to the top of tendie mountain, and for the long road ahead because the hard choices won’t stop after the GME saga arc 1 has concluded.
+
+​
+
+**EDIT\***u/Limecandi reached out to me and linked me their post on [LEVELING UP YOUR MF MOASS MENTAL PROWESS](https://www.reddit.com/r/Superstonk/comments/mr12dk/mf_moass_level_up/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) Go on and give it a read!
+
+​
+
+TL;DR
+
+​
+
+Fuck you, grow a wrinkle🚀🚀🚀🚀🚀🚀🚀🚀🚀
+The new kid on the block, Vallhund Inu is here to clear up the meme space with an honest team with good intentions for both its holders and the world. By rewarding holders with strong USDC rewards both on buys and sells you can expect an extra bang for your buck for staying by the man's best friend's side through the terrible cold of the blockchain through honeypots and rugpulls. The token will be launched on Polygon (Matic) to differentiate itself from the typical unstable BSC where every token bought is a shot in the dark, we want to change that.
+ 
+ 
+✅ Whitelist coming shortly
+🌳 Climate focused token.
+🐳 Anti-whale measures to prevent dumping, MaxTransaction and Max Wallet.
+🕵️‍♂️ Live Cam Doxxed Team.
+ 
+ 
+🌍 Tokenomics:
+🔄 100 Billion
+💰 9% buy tax / 18% sell tax.
+💸 2% / 8% USDC Rewards
+✨ 2% / 3% Marketing
+💻 1% /  2% Development
+📶 0% / 2% Manual Buyback Protocol.
+ 
+💬https://t.me/vallhundinutoken
+🐦 https://twitter.com/vallhundtoken
+🌐 https://vallhundtoken.com
+💻 https://discord.gg/Wfje6j5N
+For the past 2 earnings, it seems that every news source or comment I’ve come across has been bearish on INTC. I agree that they aren’t executing as desired, and there are more than 99 reasons to hate on the stock. But can I hear reasons one should consider looking at the stock symbol?
+“A 2015 study by sociologists at Cornell and Washington University in St. Louis of 44 years of income data found that about 12% of the U.S. population will rank in the top 1% for at least one year; 39% in the top 5% for at least a year; 56% in the top 10%; and 73% in the top 20%. At the same time only about 0.6% of people will stay in the top 1% for 10 consecutive years.”
+
+http://news.cornell.edu/stories/2015/01/hirschl-research-finds-many-join-1-percent-few-stay-long
+
+The top 1% household income was over $434,000 last year.
+
+So while one in nine Americans may at some time in their careers be among the top 1 percent, fewer than one in 160 (0.6 percent) will stay for a decade or more.
+
+Because of this 1% insecurity, sock away as much as you can and don’t waste it all on fun toys each year. That is all.
+The current market turmoil is negating the "fat" part of this sub and brings topics that at best belong to r/investing. This sucks, because this sub is a true gem.
+
+How can this be fixed? Should investment topics be removed from Rule 1. Relevance? Perhaps not a total ban but..investment topics here should have a "fat" component in the discussion.
+
+The "100% VTSAX" approach is reasonable for r/leanFIRE but what about a $10 million+ portfolio? There should be some level of knowledge inherent to posting or commenting here, but some of the recent comments showed complete lack of understanding on many levels.
+
+Most importantly the herd mentality that plagues bogleheads and other FIRE folks is showing up here more and more. Don't get me wrong, I love index funds too, but they just have nothing to do with FATfire. That's just regular investing.
+https://finance.yahoo.com/news/initial-jobless-claims-week-ended-nov-7-2020-coronavirus-pandemic-191217224.html
+
+The Labor Department report showed an eleventh straight week that new jobless claims totaled below 1 million. But new claims have not yet broken back below 700,000 since the start of the pandemic and have held sharply above levels from before the outbreak. Throughout 2019, new initial unemployment claims were coming in at an average of just over 200,000 per week.
+
+Most U.S. states reported declines in unadjusted new claims last week, led by Georgia with a drop of more than 14,000 initial claims. States grappling with rising new COVID-19 cases including Texas, New Jersey, Kentucky and Florida also reported notable decreases in their numbers of new claims. Washington state, on the other hand, saw the biggest leap last week, with new claims rising by more than 10,000.
+So we have been observing in our personal lives and perhaps in your professional lives how high inflation is painful. 
+
+But why is *some* inflation desired? Ive read before that any inflation encourages spending cash in bank accounts on either goods or investments. But it seems to me like hoarding cash is usually unappealing even if inflation were 0%. For instance, investing will still yield more returns on average than holding cash. Is 2% really that much better than 0%?
+I know Arthur Laffer wasn't really an economist, that "trickle down economics" is really "voodoo economics," and that the "Laffer curve" wasn't original to Arthur Laffer.
+
+Nevertheless, it seems reasonable to suppose that a government would get little or no revenue from a 0% or 100% taxation rate. There must be a sweet spot somewhere in between where tax revenue is optimal. Do economists know where the sweet spot lies?
+This is a genuine curiosity. 
+
+I have a mortgage with the intention to be mortgage and rent free when I retire. 
+
+If you are renting and in your 30-50s, what is your plan when you retire? As I’d anticipate rent will have increased substantially by then.
+From [The Guardian](https://www.theguardian.com/australia-news/live/2020/jul/21/coronavirus-australia-live-update-jobkeeper-nsw-hotspots-victoria-masks-jobseeker-daniel-andrews-gladys-berejiklian-latest-news?page=with:block-5f1644c18f08b5ab6db755c3#block-5f1644c18f08b5ab6db755c3)
+
+>Morrison said the $1,500 per fortnight jobkeeper payment will be reduced to $1,200 a fortnight for full-time workers from the end of September, and $750 per fortnight for people working less than 20 hours a week.
+
+>That full time payment will be revised down again for the March quarter of 2021 to $1,000 per fortnight, and $650 for part-time workers.
+Back in february when the whole GME hype started, I saw a couple threads popping up that the Dogecoin comminity is planning to rise as well. It was too late for me to invest in GME as it already spiked, so I tried my luck with Doge and bought at 0.05€ for 50€. Not to be too risky with my first investment ever... 2 months later I cashed out (a bit too early) and made about 180€. So my total wallet was now €230, which I planned to invest in Doge again once the price dropped. 
+
+Luckily the price stayed up and I realized that if I'd put my money back in Doge, I would only lose. Either the price stays up and I end up with less doge than I initially had or I buy when the price drops and end up with less € if it continues to drop. 
+
+So I started looking for alternatives to invest my winnings. I searched for other "cheap" coins, that had a lot of potential to grow, by reading this subreddit and came across VET and ADA.  I gained some confidence by profiting from the doge investment and deposited another €500 into my wallet. I put €300 into VET and 350€ into ADA. I might put the remaining €80 back into Doge. It's an unpredictable meme after all, so who knows what happens. 
+
+I'm planning to create a more diverse portfolio if my current investment works somewhat out. Doge might not be the most popular among the altcoins  in this sub, but it was a great starting point for me and made me interested in other crypto currencies.  I also want to thank this community for being insightful, helpful and welcoming to crypto newbies.
+Hi everyone,  
+If you don't know what the "Ethereum Community series" is, please find the two first talks with u/jtnichol and Ameen Soleimani here:    
+
+- https://www.reddit.com/r/ethtrader/comments/b1i6wy/jeremiah_nichol_ujtnichol_ethtraders_community/  
+- https://www.reddit.com/r/ethtrader/comments/b3gu0f/an_1h53min_talk_with_ameen_soleimani_on/  
+
+Today I'm happy to announce guest number three: Vitalik Buterin (u/vbuterin). Vitalik is the founder of Ethereum ([find out more about the prehistory of Ethereum](https://vitalik.ca/2017-09-15-prehistory.html)), currently focussing on Eth2.0 research and L1 scaling (sharding). You might want to check [On politics, with Glen Weyl](https://breakermag.com/vitalik-buterin-thinks-this-mans-ideas-can-break-americas-political-logjam/) ([book review](https://vitalik.ca/general/2018/04/20/radical_markets.html)) and a broader introduction to Ethereum from [Disrupt SF](https://www.youtube.com/watch?v=WSN5BaCzsbo).  
+
+From Bitcoinmagazine.com: "*Vitalik Buterin is a co-founder of Bitcoin Magazine who has been involved in the Bitcoin community since 2011, and has contributed to Bitcoin both as a writer and the developer of a fork of bitcoinjs-lib, pybitcointools and multisig.info, as well as one of the developers behind Egora. Now, Vitalik's primary job is as the main developer of Ethereum, a project which intends to create a next-generation smart contract and decentralized application platform that allows people to create any kind of decentralized application on top of a blockchain that can be imagined.*"  
+
+He's [@vitalikbuterin](https://twitter.com/VitalikButerin) on Twitter.
+
+
+Feel free to post and upvote one or more questions you'd like him to answer. Questions can be submitted until Tuesday. Thank you again for all the great feedback so far and thank you to all who have submitted questions in the past. I'm looking forward to this one. :)
+
+
+*Edit: before submitting a question, please go through the comments and see if someone else has asked something similar. It makes my job a bit easier. You can "second" the comment (and upvote) so that I know it was a question of yours, too.*
+I have only 3 years credit history, but alot of debt. Im planning on tackling all the debt first before fixing credit. But hypothetically speaking, if i payed all my notes on time and there was no debt, how long would it take?
+Remember that time when they bought a shitload of BTC and didn't say anything for a while?
+
+The CEO (If I don't name him the upvote/downvote bots can't get me) recently posted on his twitter "Don't defy DeFi"
+
+I'm calling it now, they are balls deep in ETH.
+
+With the Visa news today and then the Mastercard rumours, can't be too long until the price sky rockets. Then Tesla will announce they've been hodling for months and yet again look like finance wizards.  
+
+
+Thank you for attending my Ted Talk. Stay tuned for more predictions.  
+Hit me back, Just to chat, truly yours, your biggest fan, this is Stan.
+I’m 30 and have around 4M and am ready to stop grinding, but I can also keep going and reach probably 10M or 20M in next 5-10 years.
+
+But my concern is I can’t understand how my lifestyle would change going from 5m to 10-20m. Even now, I spend max 200k a year and this would be with a 2m house mortgage. 
+
+At 10-20m levels, how do people even spend that much? What are some things they splurge on?
+
+Some things I can think of:
+- 5m+ houses (10-20k/month mortgage)
+- 500k yearly on travel?
+- 500k on cars?
+- 500k on expensive hobbies?
+
+Anything I may be missing? Ultimately, I want to figure out what I may be giving up by not pursuing a 10-20m net worth with 5-10 more years of grinding.
+First of all I am a foreigner guys and that fact makes that phone call  fucken awkward.
+
+She said all there is to say about volatility.. risk....dead end....doomed to obvilion ... as if she read those from a list.
+
+Now I felt obligated to debate and teach her a thing or two about market fraudality and about the unbearable naked shorting rights for fucken market makers ...(witch is irritating enough by byitself) 
+
+Eventually she humbly stated that her knowledge is insufficient to the matter and apologized.
+
+That was both fun and funny.
+
+EDIT:
+
+WOW! That caught some attention. 
+1) thank you brothers for the advice,  from you I definitely accept it.
+2) brothers giving the awards , thank you for your generosity, cold beer on me at the moon bar.
+3) what I have learned here and from you in the last 3 months is invaluable. And that is one of the main incredible events of my life if not THE EVENT.
+4) LOVE YOU ALL APES!.
+2 years after Madoff was arrested [Ken Griffin makes an interesting appearance](https://www.businessinsider.com/steve-schwarzman-cliff-asness-ken-griffin-yonce-koch-brothers-2010-10)
+
+> The billionaire Koch brothers, the guys who funded a school dedicated to the study of Austrian Economics at Mercatus, a part of George Mason University, according to the New Yorker, invited about 200 people to a meeting this June.
+
+> On the list of people who he invited - and who the New York Times and Think Progress says attended - are the names of two big hedge fund managers: Cliff Asness and Ken Griffin. 
+
+ 
+
+So there's an actual connection to the Mercatus Center [Hester Peirce anyone?](https://www.reddit.com/r/Superstonk/comments/sdc0ce/hester_peirce_voted_no_today_for_hedge_fund/) (there was a scheme to engineer Dodd-Frank to protect the names of foreign investors.)
+
+> [SEC nominee Hester Peirce received 98 percent of her salary directly from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda.](https://theintercept.com/2015/11/12/nominee-to-oversee-wall-street-works-at-think-tank-dedicated-to-blocking-regulation/) 
+
+> her formal title — senior research fellow and director of the Financial Markets Working Group at the Mercatus Center at George Mason University — which sounds a lot like an academic post. 
+
+> But Peirce, new disclosures show, received 98 percent of her salary directly from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda. The Center’s so-called research reflects the lobbying priorities of its corporate funders — chief among them, Koch Industries. 
+
+> The Mercatus Center has been described by the Wall Street Journal “as a coordinating center for lobbyists trying to block a flurry of regulations.” Congressional records show the think tank routinely cited in over a dozen hearings over the last two years by lawmakers seeking to roll back regulations on business interests. 
+
+
+  
+
+[Elad Roisman's law firm set it up](https://www.reddit.com/r/Superstonk/comments/rkuxnd/elad_l_roisman_is_suddenly_leaving_the_sec/) 
+
+>  [As a law firm representing a number of clients actively involved in markets for swaps 
+and securities-based swaps, we appreciate the opportunity to comment on selected issues raise by 
+the proposed rules issued by the Commodity Futures Trading Commission (the "CFTC") and the 
+Securities and Exchange Commission (the "SEC," and, together with the CFTC, the 
+"Commissions") that define key terms used and exemptions provided for in Title VII ofthe 
+Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010](https://www.sec.gov/comments/s7-39-10/s73910-88.pdf)
+
+> ***Non-U.S. Governments and their Agencies Should be Excluded or Exempted.***
+
+> The Commissions' final rules should exempt or exclude non-U.S. governments and their 
+agencies from the definition of "swap dealer" and "major swap participant." Many such entities 
+enter into interest-rate, currency and credit default swaps to manage their currency reserves and 
+domestic mortgage and related securities portfolios. Agencies potentially affected include 
+central banks, treasury ministries, export agencies and housing finance authorities. The volume 
+of such transactions is substantial and may well exceed the levels proposed in the Commissions' 
+definition of "major swap participant." 
+
+> We do not believe that Congress intended the requirements of Title VII to apply to these 
+entities, many of which are active participants in the swaps markets for legitimate governmental 
+purposes. To require non-U.S. agencies to register with the Commissions as swap dealers and 
+major swap participants would produce an incongruous result and would represent both an 
+unwarranted extraterritorial application of U.S. law and an unacceptable intrusion on the 
+sovereignty of foreign nations. 
+
+> While it may be unlikely that any non-U.S. government or any of its agencies would meet 
+the definition of swap dealer, they are unquestionably significant participants in the swap 
+markets. Under the proposed rules, they could face the prospect of registration with the 
+Commissions, reporting sensitive financial data to a foreign, !.~. U.S., government regulatory 
+authority, and business conduct rules designed for commercial entities.
+
+ 
+
+
+
+
+
+[Money Citadel handles is 75%-99% foreign](https://reddit.com/r/Superstonk/comments/rfrqj3/has_anyone_ever_noticed_citadel_really_has_a/) this goes for the short sellers bunch. [Here's point 72](https://reddit.com/r/Superstonk/comments/rimp3q/point72_sure_likes_that_foreign_money_about_the/)
+
+And here is [Citadel's custodian’s and prime broker's](https://imgur.com/a/67S62yU).... in case you missed it.  Page 13 says Credit suisse EU..... [The same ones shredding documents about Russian oligarchs](https://finance.yahoo.com/news/credit-suisse-caught-trying-shred-131208154.html) on the very next page [Deutsche Bank](https://www.ft.com/content/97b44628-450a-4535-8605-d5a7b8e5cbff) and [in case you forgot](https://www.ft.com/content/28744ecd-e798-4516-b9bb-6257b37f2377)
+
+
+[Same guys as this](https://imgur.com/a/t5VmWFI)
+
+
+
+
+[Check out the newer version of Madoff here](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) notice they even coined it the meme exchange? (MEMX)
+
+ 
+
+
+Do you know what happened around the same time Citadel got busted for the algos everyone is now learning about? (Mentioned in the above post) 
+
+
+> The Securities and Exchange Commission today announced that Citadel Securities LLC has agreed to pay $22.6 million to settle charges that its business unit handling retail customer orders from other brokerage firms made misleading statements to them about the way it priced trades.
+
+
+> [The SEC’s order finds that Citadel Execution Services suggested to its broker-dealer clients that upon receiving retail orders they forwarded from their own customers, it either took the other side of the trade and provided the best price that it observed on various market data feeds or sought to obtain that price in the marketplace.  The process of taking the other side of the trade of the retail orders is known as “internalization.”](https://www.sec.gov/news/pressrelease/2017-11.html)
+
+Here's a great [image explaining it from the article]( https://imgur.com/z7dToxE.jpg)
+
+> But the SEC’s order finds that two algorithms used by Citadel Securities did not internalize retail orders at the best price observed nor sought to obtain the best price in the marketplace.  These algorithms were triggered when they identified differences in the best prices on market feeds, comparing the SIP feeds to the direct feeds from exchanges.  One strategy, known as FastFill, immediately internalized an order at a price that was not the best price for the order that Citadel Securities observed.  The other strategy, known as SmartProvide, routed an order to the market that was not priced to obtain immediately the best price that Citadel Securities observed. 
+
+
+ 
+
+[Citadel, Apollo Global, Blackstone and Goldman Sachs](https://reddit.com/r/Superstonk/comments/urvkyh/i_found_an_article_from_2017_where_blackstone_is/) were busted paying companies to refinance to trigger CDS payouts.
+
+> Blackstone’s GSO has discussed a plan that would refinance some of the company’s debt, but with an unusual provision that could trigger payouts on CDS contracts that GSO purchased, according to people with knowledge of the matter.
+
+> An Apollo Global Management hedge fund is said to be among those that have bought up front-end CDS and could stand to profit if the credit swaps are triggered, people with knowledge of the matter said. And investors like CQS UK LLP are among those that have held positions on the other side of the trade and could stand to lose along with Solus if the swaps are triggered, the people said. 
+
+> Other firms that have been involved in Hovnanian credit trades include Ken Griffin’s Citadel LLC, Goldman Sachs Group Inc. and BlackRock Inc. the people said. Representatives for the firms declined to comment.
+
+ 
+
+Apollo [targeted GameStop in 2019](https://www.reddit.com/r/Superstonk/comments/txl6do/dumb_stormtroopers_of_investing_world/)
+
+I'm sure it's fine [they live at the same place](https://imgur.com/pYuUE9w.jpg)
+
+
+ 
+
+[Citadel and Goldman do a lot of illegal shit together](https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/) like spoofing/wash trades.
+With cyberattacks happening more and more often, cybersecurity companies are bound to blow up. This is a great ETF to add to your portfolio. Do you think a cybersecurity ETF is a good add to your portfolio?
+
+[View Poll](https://www.reddit.com/poll/ogqdul)
+I personally bought $20k worth of alts including eth and etc and a bunch of others while they were all pumping hard and I was up almost double and now I'm sitting around break even. Who's taking advantage of these swings ? And what's your strategy ? Tell your story or share how you feel if your in the red at the moment or sold off in a panic 
+
+
+Hello,
+
+All sweet people out there. So, now I have 10k approx to invest in crypto, after convincing my father, he shelled out 5k and 5k mine. I want to HODL for at least a year.
+
+Here's what my research directs me to :
+
+50% - Stellar,
+25% - Ripple,
+25% - Cardano
+
+What would you invest in 10k in, any other coins suggestions are welcome too
+
+Thanks
+**Join the telegram for 24/7 support: [t.me/tacocattoken](https://t.me/tacocattoken)**
+
+TacoCat, after a successful relaunch on Pancakeswap on Sunday, has listed on Hotbit exchange not even a full day after launching! The team is already talking to many other exchanges to set up as many listings in the near future as possible. A Coinsbit exchange listing has been confirmed for tomorrow week! This project is very serious, and wants to allow investors as many opportunities to buy in as possible!
+
+**TacoCat has also just been listed on CoinGecko, just days after applying!!!**
+
+TacoCat is a first of its kind crypto x lifestyle brand aiming to drive mainstream crypto adoption and bridge the gap between crypto and every day audiences and invite people to cross that bridge. It intends to do so through various fun and creative use cases, which are readily available to read up on in the 25 page whitepaper available on the project's website: https://www.tacocat.co
+
+TacoCat has a fully doxxed team, and a clear vision to bring the project into the top 100 coins in market cap. Things to look forward to in the near future include lots of marketing such as influencers, giveaways and promotions, as well as events like AMA's, livestreams and much more. There are already a number of influencers on board, which will all be announced in due course. In the mid to long term, TacoCat will develop its very own NFTaco marketplace with dynamic features as well as a TacoCard and app, involving a payment card linked to the app with many features and integrations! Video game development and sponsorships are also planned, as well as the registration of the official TacoCat Company. The website is being upgraded this week, with a section for the team as well as an updated and fleshed out roadmap! Also, tomorrow the team is conducting an AMA with Hotbit!
+
+The new and improved tokenomics, or better named..taconomics, involve a 9% transaction fee, of which 4% gets distributed to holders, 3% goes to liquidity and 2% gets sent to the marketing wallet! 🚀
+
+SOCIAL LINKS:
+
+🐧 Twitter: https://twitter.com/tacocattoken
+
+💭 Discord: https://discord.gg/ju9cgX4pv4
+
+💭 Reddit: http://reddit.com/r/tacocatco
+
+📷 Instagram: http://instagram.com/tacocattoken
+
+📖 Facebook: http://facebook.com/tacocattoken
+
+🖊 Medium: http://tacocattoken.medium.com/
+
+📝 Contract: https://bscscan.com/token/0x2095d2346e47Ed497d4F39FcfA59918b4346cd65
+
+✅ Live Chart: https://www.dextools.io/app/pancakeswap/pair-explorer/0xd0eb1e3c06d43d0938d0ad638cda5f5a8ae93853
+
+💰 Buy on Hotbit exchange: https://www.hotbit.io/exchange?symbol=TCT_USDT
+
+🥞 Buy on Pancake Swap: https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x2095d2346e47ed497d4f39fcfa59918b4346cd65
+
+This post is not intended as financial advice. Always do your own research before investing.
+Ive spent a lot of time reading this subreddit and almost every week or so, without fail, someone posts something about how their employer is doing something shady, trying to not pay them, giving them bad checks, etc. And everyone here immediately goes to 'call department of labor on their ass! these weasels are stealing from you!'. And I am not suggesting it doesnt happen, but I am here to tell you a short version from the employers point of view. 
+
+My wife and I run a small shop, have 3 great employees and my wife works a ton with them. We tried hiring someone else, immediately saw it was a bad fit, and let her know we werent able to continue her employment. Fast forward a week, we had a problem with our payroll and instead of direct deposit, we had to cut checks for everyone. We immediately emailed her to let her know, told her she could pick it up. She opted for us to mail it to her and the next day, we did. 
+
+Since then, I've been told I am running a scam, I am a con artist, thief, threatened, 2am emails, etc. First it took the post office 5 days to get her the check. Not much I can do. Then it took 3 days for the bank to deposit the check. Again, not much I can do. Everything was our fault despite us trying to help her get her money as fast as we could.
+
+I dont want to get too far into details and eventually the check cleared, but a lot of people here are quick to start blaming employers for payment issues. Sometimes, things are out of employers hands. Sometimes, people bend their perspective of things where they are a victim and quickly come looking to others to validate their point of view. In my case, there was nothing more I could do to help this person, but I was still the piece of shit who was trying to steal from someone. 
+I will be taking L3 for the first time tomorrow, I am hoping after this to never again speak the words "Sorry, I can't go because I'll be studying that night."
+Just saw that the G20 talks on climate action have broken down because Australia, Russia, China and India refused to budge on phasing out coal.
+
+I'm curious about how deeply in the shitter Australia's economy would be if we did actually phase out coal. Is it an export thing? Will we go broke as a country without it?
+
+Maybe I'm being too generous, but I assume that there are *some* good reasons why the coalition are being so bullish on coal/so anti climate action, rather than just reducing them to being pure evil or being paid off by lobbyists.
+I have a question for everyone who’s hot wallet was “hacked” or otherwise lost tokens specifically because of something about their wallet.
+
+What could have you done to avoid it? How did losing that money change how you use wallets today?
+
+I think hearing from you guys would especially help us newbs learn how to protect our crypto better, so if you could share some wisdom, that would be great!
+[Here's the cost list at my public local community college.](https://madisoncollege.edu/files/program-cost.pdf)
+
+I used to work in medical staffing, and nobody gives a bat's ass where you went to school if you can pass the certification exam and have a few years' experience. 
+The Form 13H is required by law to file within 10 business days after submitting a large transaction..
+This is required for the SEC large trader reporting system.
+
+So who is a large trader? It's either a natural person or a legal person that trades:
+
+- 2 mil shares or shares that reach a threshold of $20 mil within 24 hours.
+
+- 20 mil shares or $200 mil in total worth within a calendar month. 
+
+If you like to learn more about it here is a link that summarizes it nicely:
+ https://content.next.westlaw.com/Document/If3301d7f24a811e598dc8b09b4f043e0/View/FullText.html?contextData=(sc.Default)&transitionType=Default&firstPage=true
+
+Not filing the 13H with the SEC will not only make them squeeze your nutsack but will make them slap your wrist really badly and taking some $50k from you so don't delay, file on moass day!
+
+
+FAQ Edit: Since the most asked question seems to be weather people from other countries have to file this form aswell, I bold it for better visibility:
+------
+
+Big thanks to u/blagger89
+
+For EU / UK / International apes. 
+
+
+Are non-US entities that are Large Traders subject to a specific exemption?
+-----
+ If a non-US entity effects transactions 
+through a non-US intermediary, what are the required actions? 
+The Adopted Rule requires a non-US entity that is a Large Trader to comply with the identification requirements of Form 
+13H. With respect to the recordkeeping and reporting requirements, however, the SEC notes that recordkeeping and 
+reporting requirements of the Adopted Rule explicitly apply only to US-registered broker-dealers. 
+In the Adopting Release, the SEC provides guidance regarding dealing with non-US intermediaries. The SEC states that 
+when a U.S.-registered broker-dealer deals directly with a non-US entity that is an intermediary, it would treat that 
+intermediary like any other customer: it must collect the information specified by Adopted Rule 13h-1(d)(2) about the non-
+U.S. intermediary’s transactions (if it is a Large Trader) and, if it is an Unidentified Large Trader, the broker-dealer must also 
+collect the information specified by Adopted Rule 13h-1(d)(3).10 The Adopted Rule does not require a registered broker-
+dealer to collect identifying information for the non-US intermediary’s customers.
+
+https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.shearman.com/-/media/Files/NewsInsights/Publications/2011/11/Large-Trader-Reporting-FAQs/Files/View-full-memo-Large-Trader-Reporting-FAQs/FileAttachment/LargeTraderReportingFAQsFIA110911.pdf&ved=2ahUKEwj5m7O_gcfyAhUIRUEAHdmqDIsQFnoECBAQAQ&usg=AOvVaw0_T3E1hPq7izTIGE7qSOt8
+
+Interesting note for all T212 users (Omegalul on anyone still using them):
+-------
+Thanks to u/LannyDamby
+
+Just asked Trading212 and this was their response
+
+"Please note that as an FCA regulated broker, we do not require this from our clients. Also please have in mind that we do not submit anything on behalf of our clients and they have to submit the relevant information themselves.
+
+I would like to inform you that it is not required to fill in any form since shares are held in an omnibus account."
+
+My thaughts:
+Seems like with some brokers you are not legally obliged to file the 13H because you are not officially the holder of the shares. Some brokers (like T212) hold the shares on behalf of you (IOU of a stock) and they file the 13H because in theory you hold nothing. Its a strange bastardized form of an over the counter trading agreement with your brokerage.
+
+Edit: Big thanks to u/PlasmaTune for providing the actual link of the form 13H PDF. https://www.sec.gov/files/form13h.pdf
+
+Edit 2: Due to FAQ: ~~yes, even Euroapes have to file this form. It is international. If you check the PDF you see that you have to include the country, zip/postal code etc. As long as you trade an American stock and reach the threshold, you have to file this form.~~  Unconfirmed, I have no sufficient data on this topic. When someone with more wrinkles educates us on this, I will update.
+
+Edit 3: Here the FAQ site on the SEC website regarding the form 13H. Sadly no info for international traders. https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm
+
+Edit 4: According to scotia Itrade (Canada), 13H has to be filed by Canadians but they (the broker) might file it themselves. Thanks to u/ResidentBee99
+
+Edit 5: From the wording on the FAQ page of the SEC it seems like you only have to file the 13H once, because then you are electronically registered as a large cap trader. However I am no legal advisor and no expert on that field at all.
+
+Edit 6: To file the form you have to register yourself with Edgar. https://www.sec.gov/edgar.shtml
+
+Fun side note of an ape texting me personally because he does not meet Karma requirements to comment: 
+---------
+PM by u/stairwaytothestonks
+
+//
+Hello there,
+
+Thanks a lot for posting this. I digged a little into the SEC's website and noticed that it states that this rule applies when we reach the threshold of 20M$ / trade with a FAIR MARKET VALUE.
+
+But if most of the everyday trades on GME goes through a dark pool then can we really consider it to be enforcable ? I am in no way legally qualified to answer this but it made my spidey sense tingle :) I don't meet superstonk's karma requirement to comment on my own so if you could put an edit on your post about this I'd be grateful since I would be interested in the answer of some more wrinkled brains :) 🙏
+
+The link of the sec's website : https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm 
+
+Cheers
+//
+
+I personally don't know if this actually has any legal merits. As a fact we apes know that the price is wrong and not fairly declared but in an event of a short squeeze (which is the epiphany of price discorvery and proper consolidation) it seems like the price will be displayed truthfully for the first time since several years. I personally will file an 13H even if I'm an german ape. I just don't want to give the US government any chance of being able to fuck me over post tendieization.
+Instead of selling them to hedge funds like a certain movie stock, they are selling their shares directly to the investors. On top of that with the share price as of right now, it’s on average 5 million shares is worth around 1.2-1.6 Billion.
+
+NOW IMAGINE A PRESS RELEASE
+
+GAMESTOP ADDS 1.5 BILLION TO THEIR BALANCE SHEETS ON TOP OF THE 900 MILLION THEY ALREADY HAVE.
+
+Bullish
+I reached out to John Petrofsky, Director and Assistant General Counsel @ DTCC and he sent me this message:
+
+*"Thank you for your inquiry.*
+
+*There was a* ***technical formatting issue*** *with the filing.  It will be refiled shortly and then reposted.*  ***In substance it will remain the same.****"*
+
+This is good news!! assuming they didn't change anything without our knowledge.  Its probably best that we compare each version of the document to make sure.   Shoutout to u/cisconate for archiving a copy of the old DTC-2021-005  [here.](https://pastebin.com/adT3ZUZ0)
+
+**EDIT: Shameless plug.  In lieu of awards please consider donating to the SOLACE FOR STEPHANIE FOUNDATION, helping families dealing with the nightmare that is cancer. Every penny helps!** [**https://www.solaceforstephanie.org/make-a-donation/**](https://www.solaceforstephanie.org/make-a-donation/)(mods if this breaks the rules I'll remove it but I'm just trying to help a cause I love)
+
+EDIT 2: I removed the email for legal purposes.  Mods, feel free to contact me if you want verification
+
+EDIT 3: I sent a follow-up email 4/13 @ 9pm asking when should we expect to see 005 refiled. He replied 4/14 at 930am EST:
+
+"It will likely be refiled within a week or two."
+
+Again, these emails can be verified through mods if they reach out. Screenshots of emails will not be posted for legal purposes
+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!
+
+TL;DR, Alpaca's abrupt termination of free Polygon data feeds might be an indication that the latter could have been caught for potentially illegal distribution of market data.
+
+​
+
+Disclaimer: I do not work for any of the companies mentioned in the post. All my conclusions are based on publicly available information.
+
+​
+
+When I first found out about the free Polygon data offered by Alpaca, I had my doubts. So I actually spent some time doing research. Now that Alpaca just announced that they will no longer provide free access to Polygon's data feed. I think it's time for me to share some of my findings.
+
+​
+
+1. Where did the market data come from?
+
+First let's take a look at the US stocks trading volume by venue: [https://markets.cboe.com/us/equities/market\_share/](https://markets.cboe.com/us/equities/market_share/)
+
+We can see that the most of the exchanges are owned by the Big 3: NYSE, Nasdaq, CBOE (BATS & EDGE). On top of that, Investors Exchange (IEX) offers market data for free, along with some more recently and smaller exchanges.
+
+In order to access the market data, one could either directly subscribe to each exchange's proprietary data, or from the SIPs (Securities Information Processor), which consolidate the market data from different exchanges.
+
+Currently, there are 2 major SIPs for US equities:
+
+[CTA](https://www.ctaplan.com/index): Administered by NYSE, which covers Tape A and Tape B stocks.
+
+[UTP](https://www.utpplan.com/overview): Administered by Nasdaq, which basically consolidates all Nasdaq listed stocks' data.
+
+​
+
+2. What are the market data distribution policy?
+
+Here is sample data redistribution fees schedule from [CBOE](https://cdn.cboe.com/resources/membership/US_Market_Data_Product_Price_List.pdf).
+
+We can see that the subscriber needs to declare:
+
+* Internal distribution vs External distribution
+* Display usage vs non-display usage
+* For each data recipient: Pro vs Non-pro
+
+​
+
+3. How much would it cost to distribute data like Polygon's?
+
+Since Polygon appears to be distributing SIPs data, we can find the CTA & UTP fee schedule in the reference. But for simplicity I made a simple table:
+
+​
+
+[The recurring fees are $10,500\/mo + per user fees](https://preview.redd.it/l9cl7kxgyni61.png?width=661&format=png&auto=webp&s=2def25c8701d3d425d0fc81ddfc0116ec3ccef5a)
+
+Note that the table above shows several per user fees. Let's assume that y'all being honest and declare as "non-professional" users that only use the data for "display" usage. This alone would incur a $3/mo/subscriber fee.
+
+​
+
+4. Why Polygon might be violating the data redistribution agreement?
+
+​
+
+A. There is no way Alpaca can legally offer the "free" Polygon feeds.
+
+Why? It's simple. Every distributor of the market data must **directly** sign the agreements with the exchanges, which also means the same fees, see table above, would apply to Alpaca.
+
+Now, tell me, how is it possible to deposit as little as $1 with Alpaca to get the full feed, without Alpaca bleeding money like the California High-Speed Rail Project? Considering that Alpaca is responsible for all the above fees, including at least $3/mo/subscriber?
+
+​
+
+B. The "non-display" charge
+
+According to CTA's [policy](https://www.ctaplan.com/publicdocs/ctaplan/notifications/trader-update/Policy%20-%20CTA%20Non%20Display%20with%20FAQ.pdf), Examples of Non-Display Use are, but are not limited to:
+
+* Any trading in any asset class
+* Automated order or quote generation and/or order pegging
+* Price referencing for algorithmic trading
+* ......
+
+By definition, every Alpaca's client is an algo trader, so the usage should be treated as non-display. Now let's go back to the previous table. The total non-display should be $9,500/mo **per subscriber**.
+
+Well, but I don't recall paying $9,500/mo. My guess is that Polygon basically "sub-licensed" the data to Alpaca, without the exchanges ever knowing, so that no one has to pay the monstrous fees.
+
+​
+
+C. The WebSocket data?
+
+So the Alpaca-Polygon deal seems shady, is Polygon's own data legit enough?
+
+After inspecting the CTA [policies](https://www.ctaplan.com/policy), it appears that by steaming the market data, the recipient would need to pay indirect access fee as well, which is $3k/mo for CTA and $500/mo for UTP.
+
+Again, from Polygon's offering, I failed to see how the business can be sustainable and legitimate at the same time.
+
+​
+
+Conclusion
+
+I am not a lawyer and I have no access to Polygon's agreement with the exchanges or Alpaca. I am only making educated guess based on the publicly available information. There are so many popular API data services that were later found to be distributing data illegally, which ultimately hurts algo traders like you and me.
+
+BTW, I am not defending the exchanges. I think their pricing is BS and I hate them for essentially monopolizing the market data business. [https://www.reddit.com/r/algotrading/comments/lndax9/nasdaq\_nyse\_sue\_sec\_to\_block\_market\_data\_overhaul/](https://www.reddit.com/r/algotrading/comments/lndax9/nasdaq_nyse_sue_sec_to_block_market_data_overhaul/)
+
+But I do want to have a legit data service which I don't have to fear being terminated with only 6 days of notice.
+
+​
+
+References:
+
+^(CTA pricing:) [^(https://www.ctaplan.com/publicdocs/ctaplan/notifications/trader-update/Schedule%20Of%20Market%20Data%20Charges%20-%20January%201,%202015.pdf)](https://www.ctaplan.com/publicdocs/ctaplan/notifications/trader-update/Schedule%20Of%20Market%20Data%20Charges%20-%20January%201,%202015.pdf)
+
+^(UTP pricing & policy:) [^(https://www.utpplan.com/DOC/Datapolicies.pdf)](https://www.utpplan.com/DOC/Datapolicies.pdf)
+
+^(NYSE pricing:) [^(https://www.nyse.com/publicdocs/nyse/data/NYSE\_Market\_Data\_Pricing.pdf)](https://www.nyse.com/publicdocs/nyse/data/NYSE_Market_Data_Pricing.pdf)
+
+^(CBOE pricing:) [^(https://markets.cboe.com/us/equities/membership/fee\_schedule/byx/)](https://markets.cboe.com/us/equities/membership/fee_schedule/byx/)
+
+^(NASDAQ pricing:) [^(https://www.nasdaqtrader.com/Trader.aspx?id=DPPriceListAll)](https://www.nasdaqtrader.com/Trader.aspx?id=DPPriceListAll)
+
+^(CTA policy:) [^(https://www.ctaplan.com/policy)](https://www.ctaplan.com/policy)
+
+^(NYSE policy:) [^(https://www.nyse.com/market-data/pricing-policies-contracts-guidelines)](https://www.nyse.com/market-data/pricing-policies-contracts-guidelines)
+
+^(CBOE policy:) [^(https://cdn.cboe.com/resources/membership/Market\_Data\_Policies.pdf)](https://cdn.cboe.com/resources/membership/Market_Data_Policies.pdf)
+
+Edit: 
+
+There is only one way to find out - Let's call them up on Monday.
+
+Alpaca: [info@alpaca.markets](mailto:info@alpaca.markets)
+
+Polygon: [https://polygon.io/contact](https://polygon.io/contact)
+
+NYSE: [https://www.nyse.com/contact](https://www.nyse.com/contact)
+
+Nasdaq: [datasales@nasdaq.com](mailto:datasales@nasdaq.com)
+
+CBOE: +1 212 378 8821
+
+​
+The big boys have been making some very strange investments lately. Things out of the ordinary. Bill Gates is now the largest owner of farm land in the US. Warren Buffet who has traditionally avoided gold and silver just bought over 500 million dollars in gold. One of his fathers biggest lessons to him growing up in the depression was have  Tangible assets. Elon musk invested heavily in Bitcoin which goes up when the market goes down. Even at 5 year lows hedge funds are shorting stocks. I know we all expect turblance in the market coming out of this pandemic. Did we really see the bottom in March though? With the m1 money supply skyrocketing and no end in sight. It seems like the plan is print our way out. With price gouging laws and national pandemic declaration, it would be illegal to adjust pricing on most goods until after the pandemic is lifted. Like gasoline and water during a hurricane. Stores can't adjust the price even if the demand is outpacing supply. Things we have seen increasing in price are things like used cars (up 10%,) houses (up 8.8%,)  which wouldn't fall under that pandemic protection. 
+
+Pandemic protection aside. The money supply is going crazy. Inflation seems to be massive in some sectors and non exsistant in others. But it's mostly in open parts of the economy the inflation is happening. More money chasing less goods. The market is still volatile and personally I don't think we've seen the worst of the lows yet. I think once the pandemic is over and the money printing slows (2 years is my guess) we'll see massive spikes in the cost of goods that will rock the middel class to the point where they are subsistence living on 60k. $15 minimum wage will be worth less or the same as the current $7.25. This means almost no money spent on luxuries and companies failing. They can't just double everyone's salary while also loosing a giant portion of sales. 
+
+Maybe I'm overthinking it? It just seems like the upper crust of society who generally have friends in the know about big events, like congress selling off stocks after the corona pandemic meeting and right before announcing lockdowns (insider trading.)  With billionaires buying recession proof assets and professional traders shorting the market at higher then normal rates,  It seems like a giant dip + inflation that will be felt by all walks of life is coming in the future. 
+
+Edit: I'm riding the bubble to the top to make some money in the mean time. Still I don't see it lasting over 2 years. I think the bottom on this one will be worse then 08, and that  rivalled the depression. Massive Inflation (not hyper inflation) plus a crash in the market would absolutely decimate the economy. Both would be damaging alone but combined I can see real potential for something worse then the depression. 
+
+What are you're thoughts on these odd asset purchases by the wealthy? What are your thoughts on the money supply and inflation? What are your thoughts on a second big crash like March 2020? Criticism is welcomed. But don't forget. Everyone who said the sky was falling in 08 was laughed at by their colleagues on wall st. They were the only ones who made money in the end.
+I quit smoking. I quit spending money on something that I don't enjoy and that's killing me both financially and physically. I'm saving my life and saving a cool $75,000 in lifetime expenses while I'm at it. 
+I am doing this an exercise and I posted earlier from the wrong account.  
+
+So its a new year and I have just been going over all my finances and setting budgets. I recently got married and we have been working on making plans for the future. We are currently saving up to buy a house and putting my wife through 2 years of Dental School so that she can be an accredited Dentist in the US. We got to discussing about retirement and how much income we would really need in Retirement. I currently have a steady job and make a good salary. I take home roughly $4,000/mo after putting away 12% in 401k(company matches 6%), maxing out my HSA, and we usually get close to maxing out our IRA account.
+
+I ran some numbers and even if I had not saved any money currently, I would need to put away $8,500 into a retirement account for the next 35 years assuming 5% rate of return in order to have an income of 65k a year for 20 years in retirement. 
+I have figured that even if I purchase a home, I will have that paid off in 30 years. Outside of a mortgage, I cannot foresee having a ton of expenses in retirement that I could not handle with a 65-70k income. Am I wrong in this line of thinking? 
+Of course I can be overlooking some expenses like medical/etc but I cant imagine I could not cover it in that sort of income.  My thought process is that if I cut down my 401k to just 6%, still max the HSA and continue to only put in 6k into the IRA, I would be putting roughly 19k into retirement accounts. Should that not account for any room of error or market downturn?   Again, just doing this as an exercise to get a different viewpoint from other people. 
+Also, I have just been going in thinking about things with just my income as the only source and not my wife's future income. 
+
+Edit: Looks like this was a good exercise and given us a lot to think about.  Seems that I definitely overlooked forecasting expenses with inflation and not what expenses look like right now.
+**EDIT:** I wrote this up 12 hours ago, but I had trouble getting it past automod for reasons. Hopefully it's not too late to be helpful to the thousands of new folks checking us out.
+
+This is a post for those of you who might have seen our artwork on \*place\* and are wondering why so many people are passionate about both GameStop and fighting Wall Street corruption.
+
+First, GameStop--here are the fundamentals of the company and why I feel it's a viable investment opportunity.
+
+Consider the following:
+
+1. GameStop has zero debt (save for a small loan in France associated with pandemic relief)
+2. $1.5 billion in cash on hand
+3. rock star Chairman of the Board, Ryan Cohen, who built [chewy.com](https://chewy.com/) in his 20s and sold it for $3.4 billion in his 30s before heavily buying into GameStop in December 2020
+4. new customer care center with 500 employees ([https://news.gamestop.com/news-releases/news-release-details/gamestop-hire-500-employees-new-customer-care-center-south](https://news.gamestop.com/news-releases/news-release-details/gamestop-hire-500-employees-new-customer-care-center-south))
+5. new warehouses in New York, Pennsylvania, and Nevada to expand fulfillment network
+6. hundreds of new exec and directors from top firms, including Amazon, Target, Chewy, and Zulily ([https://gmedd.com/report-model/](https://gmedd.com/report-model/))
+7. an NFT marketplace in the works, but under curtains so competition doesn't have the details--We know GameStop is working with ImmutableX (IMX) and Loopring (LRC) for this marketplace, which is why their logos are included on our \*place\* art
+8. NFT marketplace that is streamlined and user friendly has great potential, esp. with NFT markets set to grow over **$40 BILLION** in the next three years ([https://www.coindesk.com/business/2022/01/20/jefferies-sees-the-nft-market-reaching-more-than-80-billion-in-value-by-2025/](https://www.coindesk.com/business/2022/01/20/jefferies-sees-the-nft-market-reaching-more-than-80-billion-in-value-by-2025/)); Also helpful: [https://hbr.org/2021/11/making-sense-of-the-nft-marketplace](https://hbr.org/2021/11/making-sense-of-the-nft-marketplace)
+9. GameStop closed a number of underperforming stores over the last couple of years to trim excess and focus on high performing stores and online sales
+10. complete overhaul of GameStop app in 2021 to be more user-friendly
+11. the distinct lack of insider selling--in fact, insiders purchased a boatload more of the stock over the last two weeks
+12. GameStop added same-day delivery for their products: [https://www.gamestop.com/collection/same-day-delivery](https://www.gamestop.com/collection/same-day-delivery)
+13. GameStop just announced an upcoming vote for a stockholder dividend that will include shares from a stock split, which should ignite a price rise (possibly similar to what happened in Tesla, only with the potential to be a far more dramatic and violent rise).
+
+**All of these changes happened in the span of a year and a half.** GameStop has set its sights on becoming a large tech company--a major player in the gaming and NFT marketplace, with partnerships including IMX, Loopring, and Piñata. There's also speculation of partnerships with Microsoft, Apple, Nike, Snoop Dog, and others.
+
+**Wall Street Corruption:**
+
+It would be worth your time to watch the March 3 episode of "The Problem with Jon Stewart" on Apple TV if you have access to that streaming service. Jon breaks down the problems we here on SuperStonk have discovered. (EDIT:per u/freeleper the episode is available on YouTube as well)
+
+1. Wall Street banks, hedge funds, market makers, etc. can sell a company "short." How? They borrow the stock and sell it, betting the price of the company will go down. They can then purchase the stock at a lower price and return the stock they borrowed. They pocket the change.
+2. Where do they borrow stock? From people like you and me, who purchase stocks through our 401ks, pensions, or personal investments. Whoever holds your stock--be it Fidelity, Vanguard, Merrill Lynch, Chase, RobbingtheHood, etc.--they will often lend your stock out to be sold short. They do this without your knowledge, and they make money on it by charging a lending fee.
+3. If you want to ensure your stock can not be lent out and is held in your name, you need to direct register your stock (DRS) with a company's official registering agent. In the case of GameStop, that is ComputerShare ([www.computershare.com](https://www.computershare.com/)). I, personally, have 100% of my GameStop shares held at ComputerShare. Direct registration means your investment is removed from Wall Street's short selling games.
+4. The biggest jackpot a short seller can hit is a dying company. If they sell a company short over years, driving its price down, and never repurchase the stock (remove buy pressure) ... and if that company declares bankruptsy ... short sellers never have to repurchase the stock, and all of their gains from selling the company are exempt from capital gains tax. JACKPOT!
+5. Never repurchasing the stock you borrow is called failing to deliver. (EDIT: It's one way to fail to deliver--there are others.) Fails to deliver are called FTDs, and there are literally trillions upon trillions of dollars worth of FTDs in our finacial system. ([https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm)) If something takes down the American financial system, it will be FTDs. If you want to learn more about this, read Dr. Susanne Trimbath's book (or listen on Audible), ***Naked, Short, and Greedy.*** 
+6. Short sellers targeted a number of American retail companies at the start of the pandemic, including GameStop, the p o p c o r n stock, Bed Bath & Beyond, and others. They sold more than 100% of GameStop's shares short, without repurchasing the stock. In one legal filing in a case against RobinHood in February 2021, the court alleged GameStop had 226% of its stock sold short. How can this be, you ask? Crime. Legally a stock can be sold short 120%, which is crazy even in itself.
+7. So GameStop was massively sold short, but unluckily for short sellers GameStop made a massive turnaround in the past year and a half and there is zero chance of it going bankrupt. This means there are a lot of shares sold short that will eventually need to be repurchased and returned.
+8. The short interest on GameStop is still believed to be more than 100%, and as high as 800%, hidden in derivatives, swaps, ETFs, DOOMPs, futures, and/or other complicated financial mechanisms. You can read all about it in the Due Diligence posts. A lot of smart people have contributed to watching for market signs of how the short interest is being held under a lid. (Hint: ETFs and swaps are a big part of it.)
+9. Short sellers of GameStop have so massively dug themselves a hole that it threatens the existence of a number of financial institutions.
+10. Expect high volatility in the stock price as financial institutions fight for their existance--they don't call us Diamond Hands for nothing. My hands are diamond because I've held through price fluxuations of $350 to $39, and my hands are diamond because I'm not selling my shares until the price looks like a phone number. I will also diamond hand some shares forever, and never sell them. Why? Because I like the stock, I like the company, and fuk hedge funds, banks, and this corrupt financial system.
+
+None of this is financial advice, and I am in no way a financial advisor, but if you do decide to invest in GME, many people are registering their shares directly with [ComputerShare.com](https://computershare.com/). This prevents banks, brokers, hedge funds, and marketmakers from using the stock for short selling.
+
+**Where to start to learn more?**
+
+[https://gmedd.com/report-model/](https://gmedd.com/report-model/)
+
+Or the GameStop research library: [https://fliphtml5.com/bookcase/kosyg](https://fliphtml5.com/bookcase/kosyg), where some of the best financial journalism has happened in the history of humanity.
+
+If you decide to join this ride, I fully expect to see you on the moon.
+
+\-Duckdive Firestorm, dumbass meme maker
+
+**Postscript:** Redditors on this sub, from the beginning, have valued primary source information and peer review. We look at SEC filings, company filings, law suits, FINRA reports, Bloomberg terminal data, etc., for research. We value updating wrong or outdated information on posts, learning and adding new information from one another, and citing credible sources. And we love dank memes, of course, because laughter and poking fun at Powerful Institutions is crucial to win psychological wars. Make no mistake, there are paid bad actors on this sub. 🌎🧑‍🚀🔫🧑‍🚀. Welcome aboard and be discerning.
+Fiancé and I are in a HENRY situation and a ways from retirement, but are enjoying a mild lifestyle creep when it comes to travel. Nothing extreme - just upper class airfare and top tier hotels/restaurants.
+
+We’re planning a trip to Asia with my grandparents for about three weeks. They’re proud people, and will certainly insist on paying their way, but business class and nice hotels might rack up a bill larger than they’d expect. I’d prefer that they remain unaware of my earning figures (for plenty of unrelated reasons, but all having to do with my mother, their daughter). 
+
+When traveling with people who don’t necessarily want to spend as much on nicer things, but do want to pay their way, what have been your strategies / compromises? They’re into nicer things too, especially food, but not really into non-economy air travel (for example). 
+
+I’ve thought about ambiguously claiming to have points for business class or “get good deals” on stuff, and curious what everyone else’s experience has to offer.
+
+Edit:
+
+I should make it clearer that I could never in a million years sit in first class with any traveling companion in economy or stop off at the Four Seasons and send them off to a Holiday Inn. We’ll be together all the way — I’m just curious how others have navigated situations such as these, either through disguising costs or defaulting to lower standards of travel.
+
+I grew up poor, no stranger to economy travel. But hopefully, I’ll be in this position again and again as we travel frequently with family and friends — I’d like to have it down.
+WOW! What a 24 hours it has been for $Lildoge!
+
+We launched at 5pm UTC and already touching 2500 holders! Market cap is really low for what is in place the next few days!
+
+We welcome you to join over 3500(non botted) of the community in the telegram below in links! We have a big marketing push coming in the next week, now is your perfect entry. We are about to pull something big!
+
+📢Whats incoming you ask?📢
+
+Poocoin ads(imminent), for two weeks straight!
+
+Coingecko listing- (Imminent!)
+
+CMC Listing- Fast tracked!
+
+We have twitter influences all over the world joining the team to help push this!
+
+Youtube Influences 
+
+Don't sit and watch on this one, you will have the biggest regret over the coming week. We aren't sitting on our hands here, we are going to send this bigger than any Doge yet! Watch and learn!
+
+Any question, join the telegram and ask away! Devs are active through, in text and voice chat!
+
+Thankyou, Lildoge Team x
+
+This isnt your normal BSC rubbish, this is a real time with actual marketing and a plan for the future with #lildoge!
+
+📊 Tokenomics 📊
+
+\-Total Supply = 1,000,000,000,000 -Presale 46.25% = 462,500,000,000 -Private 4.5% = 45,000,000,000 -Liqudity 46.25% = 462,500,000,000 -Marketing Wallet 2% = 20,000,000,000 -Airdrop 1% = 10,000,000,000
+
+💰Tax💰
+
+\-6% to Holders (Rewards for HODLing) -6% to Liquidity Pool (Creates a rising price floor) -3% to Community Wallet (Will be used for Buy Backs, Burns, Marketing and Donations)
+
+CONTRACT - 0x6a350b5d1110f8c8044c31eddee1773592def9b4
+
+📲 Social Media
+
+📩 Telegram: [https://t.me/officiallildoge](https://t.me/officiallildoge)
+
+🌐 Website: [https://lildogebsc.com/](https://lildogebsc.com/)
+
+💻 Twitter: [https://twitter.com/lil\_doge\_bsc](https://twitter.com/lil_doge_bsc)
+​
+
+[Banner submission by u\/Tian1913](https://preview.redd.it/bmwsox5fbey61.png?width=1920&format=png&auto=webp&s=63724fd72993e3c5f969d5013107cd611f9db325)
+
+# Good Morning Superstonk!!!
+
+[**Don't forget to submit your question for tomorrow's Carl Hagberg AMA!**](https://www.reddit.com/r/Superstonk/comments/n8qq8v/official_ama_carl_hagberg_retail_shareholder/?utm_source=share&utm_medium=web2x&context=3)
+
+[**And take a minute to scroll through our meme competition and (up)vote on your favorite!**](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3)
+
+# [HYPEHYPEHYPEHYPEHYPEHYPEHYPE](https://www.reddit.com/r/Superstonk/comments/n9x3qw/documentary_update_its_all_about_the_apes/?utm_source=share&utm_medium=web2x&context=3)
+
+[ ](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3)\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# DTCC Liquidity Test (again)
+
+[**So the DTCC is having a liquidity test this Thursday May 13th.**](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf)
+
+[What the hell is a liquidity test anyway?](https://www.dtcc.com/~/media/Files/Downloads/Clearing-Services/FICC/CCLF-Annual-Test-Reference-Doc.pdf)
+
+Well... This doesn't effect anything in the market in real time, it is merely a computer simulation test meant to test the liquidity of the market. But liquidity tests do require... liquidity. So you might need to sell a few things to rack up those liquid assets.....
+
+​
+
+# Massive Sell of in DOW, NASDAQ, S&P 500, and C0ins
+
+[Maybe margin came calling and they're getting ready to cover? 🤷‍♀️](https://preview.redd.it/hqo0mkmmeey61.jpg?width=1071&format=pjpg&auto=webp&s=1512457d5cba4ea6fcedbd17de8042b7342b4651)
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# The SEC awards 2 new whistleblowers with rewards totaling $22 Million
+
+[The first whistleblower received an award of $18 million, while the second whistleblower received a $4 million award.](https://www.sec.gov/news/press-release/2021-81)  The larger award was in recognition of the fact that, among other things, the first whistleblower was the initial source of the investigation while the second whistleblower submitted information much later after the investigation was already underway.        
+
+“This case demonstrates once again the value of the whistleblower program in helping to protect investors, and the Commission’s continued commitment to rewarding individuals who provide high-quality tips,” said Emily Pasquinelli, Acting Chief of the SEC’s Office of the Whistleblower.  “The reporting of credible information by these whistleblowers and their subsequent cooperation with the staff’s investigation allowed the Commission to better understand complex transactions related to the matters under investigation.”
+
+$18 MILLION IS A LOT OF FRICKIN DOUGH FOR WHISTLEBLOWING. THEY HAD CENTRAL INFO TO THE INVESTIGATION. THAT'S A BIG ASS RAT! 🐀
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Bringing attention to the OBV once again - there has not been any significant selling since FEBRUARY. On-Balance Volume (OBV) indicates (in SPITE of the price action) that the trend has been on BUYING for the last 3 months. Good job, apes.
+
+https://preview.redd.it/gs08fxjqaey61.png?width=960&format=png&auto=webp&s=4852489b7e9205f42438c83b6d8f7e1266e8b46f
+
+[**Link to original post**](https://www.reddit.com/r/Superstonk/comments/n97znu/bringing_attention_to_the_obv_once_again_there/?utm_source=share&utm_medium=web2x&context=3)
+
+[**Here's a post by our very own mod u/Cuttingwater\_**](https://www.reddit.com/r/GME/comments/mb18u2/definitive_proof_that_gmes_price_has_been/?utm_source=share&utm_medium=web2x&context=3) **that explains OBV way better than my smooth brained ass could.**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+## [DTCC RECEIVES SEC APPROVAL TO PROVIDE SECURITY-BASED SWAP DATA REPORTING SERVICES IN THE U.S.](https://www.dtcc.com/news/2021/may/10/dtcc-receives-sec-approval-to-provide-security-based-swap-data-reporting-services)
+
+https://preview.redd.it/3zdvy325bey61.png?width=1006&format=png&auto=webp&s=a2ca424b3994c6fdf815ebbfac740566041fc5e6
+
+What the heck that means according to Dave Lauer, after a post claiming this would put an end to rehypothecation:
+
+So unfortunately I don't think this is saying what you think it's saying. Now to be fair, I haven't had time to review in-depth. Couple of things:
+
+1. Any broker that facilitates trading **already** has to be registered, with FINRA.
+2. The Consolidated Audit Trail is the system that will be collecting trading data and will be used for forensic examinations for market manipulation. This system has been under development for almost 10 years, and is finally being rolled out, starting last year.
+3. This filing appears to be focused on security-based swaps, not the equities market. That's more focused on what happened with Archegos than what is happening with trading in the equities market. I don't believe anything here is directly related to the equities market, except insomuch as it's focused on security-based swaps. -[u/dlauer](https://www.reddit.com/r/Superstonk/comments/n9abxf/i_dont_know_how_this_is_not_being_talked_about/gxmsr3h?utm_source=share&utm_medium=web2x&context=3)
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Doritos for the Class (spicy)
+
+[Will she go up or down?](https://preview.redd.it/vhovvgnpfey61.png?width=1242&format=png&auto=webp&s=87c0da4d2ef0612562729e8ca3b8bd2430296b0c)
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# 👀 New Mod-Only Post Flairs 👀
+
+After an influx of requests for tighter moderation in the sub and much deliberation amongst the mod team, we decided it would be best to instead of removing questionable/unverified/contended posts, we would instead create some Mod-only use post flairs that we can assign when posts have been determined to be unverified, or totally debunked.
+
+So we decided that removing some posts was too much, and instead made a mod-only flair
+
+# ⚠Inconclusive⚠
+
+so we can mark posts that seem suspect, inconclusive, or are potential FUD. OP can then revise their post with accurate info to have flair updated. Additionally, you apes can still see the post, and it's very transparent in what we are considering to be suspicious or potential FUD without removing it. You can then discuss for or against a flair change in the comments;
+
+We also added the
+
+# 🚨Debunked🚨
+
+flair to the mod-only flair lineup. Please note, we will still remove posts that blatantly break rules; but this way we can manage in a transparent way whether to be cautious or not with posts.
+
+​
+
+[Stupid is as stupid does](https://preview.redd.it/8irtwr9maey61.jpg?width=758&format=pjpg&auto=webp&s=afe80c1078d68010371c01ddcc5e6e92bca5f4e8)
+
+On that note, I made an error in yesterday's post, [which I corrected as soon as I saw dave lauer's explanation on the matter](https://www.reddit.com/r/Superstonk/comments/n9326x/sro_filings/?utm_source=share&utm_medium=web2x&context=3). We are all human and we all make mistakes. I want to stress the fact that if OP gets marked with the inconclusive flair and they bring verifiable data to back it up, the flair can be changed by mods. And note that while not exclusive to DD and education posts, that's the majority of what we had in mind when creating these flairs.
+
+We're all just a bunch of smooth brained apes tryin' to get a couple wrinkles here. ✌
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+https://preview.redd.it/at66y7lz8ey61.png?width=1000&format=png&auto=webp&s=8f702fa8d6d4208dbd097c273e9f4df1f0ee7232
+
+# Don't forget tomorrow's AMA with Carl Hagberg at 4pm Eastern on Superstonk Live YouTube Channel!
+
+# [There is still time to submit your questions!](https://www.reddit.com/r/Superstonk/comments/n8qq8v/official_ama_carl_hagberg_retail_shareholder/?utm_source=share&utm_medium=web2x&context=3)
+
+**This is an AMA you do NOT want to miss!!**
+
+All this time since January, we have been searching for answers, slowly peeling away the shit onion to expose more shit layers when we read DD like House of Cards. Screaming into the void, wondering where tf the SEC is. Or the White House is. Why isn't anyone doing anything to make this right.
+
+I know we don't talk dates or catalysts around here. But I need apes to understand how game changing it will be when everyone exercises their right to vote. And Carl is coming to help us understand that. **The importance of this AMA cannot be overstated.**
+
+# THIS IS HOW WE EXPOSE THE MARKET FUCKERY IN A WAY THEY CAN'T DENY!!
+
+[Don't forget to drop !apevote! in the comments for your voted flair!](https://preview.redd.it/xdt4dutcaey61.png?width=660&format=png&auto=webp&s=25d39e794030c22804f1bce3fdab6032e18e43e8)
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# 📢📦Don't Forget about the International Giveaway Contest!📢📦
+
+3 lucky apes outside the USA will receive a Gamestop Limited Edition Bananya Cat, complete with red headband!
+
+[YOU CAN HAZ CAT](https://preview.redd.it/zct0m3zeaey61.png?width=1300&format=png&auto=webp&s=2a36138eaf109061f75e4c31c09c43591a0044c2)
+
+# 💎🙌🚀SHOW ME THE MEMES!! 👀
+
+**I want you to show me your best GME meme**!!! The 3 most upvoted memes from international apes will be declared GOAT and will finally be able to fill the little spoon void that your spouse left when they found out about your GME yolo. **I will ship it to ANYWHERE THE USPS SHIPS TO OUTSIDE THE USA!!** Free of cost, no rules to enter, just show me your best, funniest, most classic memes about the GME saga!!
+
+I don't care if they're video or image, just as long as they are OC and they don't break any sub rules.
+
+**This contest will run through Friday, May 14th at 3pm Eastern, at which time comments will be locked! Upvoting will continue through the weekend. Winners will be announced in the Superstonk Daily on Monday, May 17, 2021 and winners will be contacted via personal message for shipping information.**
+
+Again, there is no shipping cost or anything to the winners! And tbh, if I end up being able to order more that the 3 plushies, I will give more away to top winners, so stay tuned!!
+
+**I love this community of apes!! Y'all are like family and you all deserve a hug from a cute lil cat 😻🐈💖💖💖**
+
+*Plushies will not be shipped anywhere in the USA! The plushy is available online at* [*Gamestop.com*](https://gamestop.com/)
+
+*to USApes.*
+
+# [LINK TO THE MEME CONTEST IS LIVE NOW!!!!! LET THE MEMES BEGIN!!!! 🚀🚀🚀🚀🚀🚀🚀🚀🚀](https://www.reddit.com/r/Superstonk/comments/n919hi/superstonk_daily_giveaway_meme_contest_limited/?utm_source=share&utm_medium=web2x&context=3)
+
+# Memes are not considered to be entered into the competition until they are posted in the giveaway thread (regardless of being posted on the main page.)
+
+*Addressing some FUD I've seen: Obviously by participating in this contest, you are willing to give an address for the prize to be shipped. There are many ways to safely get a package without giving your address. But I can't even afford to go visit my family out of state, I promise I won't show up in Germany or some shit unless it's post MOASS and I'm tryna buy a castle. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀*
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+​
+
+https://preview.redd.it/1vvvcd9n9ey61.png?width=554&format=png&auto=webp&s=42279d73dd14a1c68ef18989e4a9f79a7a82fc4c
+
+**Be excellent to each other!!!**
+
+Be friendly, help others!
+
+We are here from all different walks of life and all different countries.
+
+This doesn't matter as we are all apes in here, and apes are friends.
+
+Doesn't matter if you're a silverback a chimp or a bonobo.
+
+We help each other, we care for each other.
+
+**Ape don't fight ape, apes help other apes.**
+
+**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.**
+
+Remember the fundamentals of this company.
+
+There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.
+
+We don't care, just be nice and lets make this community as Excellent as we can.
+
+[BTFD](https://preview.redd.it/1lyjcl48cey61.jpg?width=914&format=pjpg&auto=webp&s=5e7017955c0c7e138dfdd11a20d1008bc9a4b183)
+
+**Reddit down, wot do?**
+
+Mods have carefully considered what to do during a reddit blackout and advise the following - IF REDDIT GOES DOWN AT A PIVOTAL MOMENT go to [u/redchessqueen99](https://www.reddit.com/u/redchessqueen99/) 's Twitter or [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 's Twitter (below) to look for additional instructions on where to muster (these are the most active twitter accounts on the mod team at this time!). And check in on SuperStonk's YouTube Channel for an Emergency Broadcast, if necessary.
+
+[https://mobile.twitter.com/redchessqueen99](https://mobile.twitter.com/redchessqueen99)
+
+[https://mobile.twitter.com/pinkcatsonacid](https://mobile.twitter.com/pinkcatsonacid)
+
+[SuperStonk. YouTube - Emergency Broadcast System](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA)
+
+# 🚨 ... AND VOTE!!! 🚨
+
+**Don't forget to comment with !apevote! for your vote flair!!✅**
+
+​
+
+[Here is a Complete Compilation Documenting the Existence of Every Market Manipulation Tactic Used by Hedge Funds in this GameStop Saga](https://www.reddit.com/r/Superstonk/comments/n8mizw/here_is_a_complete_compilation_documenting_the/)
+​
+
+[https://theconversation.com/australias-banks-got-188-billion-in-cheap-loans-from-the-rba-now-theyre-funding-share-buybacks-167890](https://theconversation.com/australias-banks-got-188-billion-in-cheap-loans-from-the-rba-now-theyre-funding-share-buybacks-167890)
+Hello everyone,  
+
+
+I am writing this post to see what is the best course of action to invest my money.  
+I am 30 years old female, with 25k euros in savings and I have recently moved from the UK to Romania (my home country).  
+I will have a 2k euros per month salary working for a big corporation, and I wouldn't need to pay rent because I live with my boyfriend who fully owns his own flat.
+
+With this being said, I was looking at buying with a mortgage a 1 Bedroom Flat that costs 137k euros including parking space, using my 25k saving as the down payment. This flat is a bit expensive but it's in a desirable area right at the door step of big office buildings that host big players such as Oracle, Deloitte, Packard etc.
+
+I was thinking that I would rent it out to people that work there, having to walk just 30 seconds to the office. But now, with Working from home, it would prove a bit difficult, meaning that I would have to pay for sure some mortgage payments out of my own pocket because I won't find a tenant that fast.
+
+I am also wondering if, Working from home will be the  norm from now on, this probably wouldn't be that great of an investment, if!
+
+With this second part being said, now I wonder: Should I do something else with this money?  
+I do have an account with Interactive brokers where I invest 500euros per month in long term ETFs.
+
+If I were to put the 25k euros in an average 10% return ETF, I would make so much more money on the long run, without the fear of owning a flat that could go down in value, that the tenant could leave me with paying the mortgage etc.
+
+What do you people think?
+
+Thank you so much!
+I know this is one of the prettier things you can be worried about when you're trapped in poverty, but present-giving is still very important to most of us. So how can we stay within a useable budget and still get our loved ones things they want?
+
+Now, many of us will say, why, make your own gifts! But the thing is, I do not know how to knit, my art skills aren't great, and I would still have to invest in supplies. Plus, I don't know about most of you, but I work a lot around the holidays and I don't have time to make dozens of presents. You could bake cookies or cakes, but again, depending on your skills and time, this falls into the same problem.
+
+
+So this brings us to grocery shopping. Does someone you love have a favorite inexpensive coffee? A favorite soda or chips? Even pet food for their furry friend?
+
+If you have a gamer in your life and you can't afford to buy them an expensive new game, you can build them a little gaming night basket full of candies and chips for a fun gaming night. Sports fan? CNN junky? Same deal. 
+
+The beauty of this approach is that it is requires thought and care. It isn't just buying a gift card. Plus, if you're like me, actually unwrapping presents is an important part of Christmas and birthdays. 
+
+The other great thing is that if you're on food stamps or EBT or some other restrictive form of assistance, you can potentially use those to pay for gifts. Depending on who you use these gifts and who you live with, then this is also a creative way to buy your groceries and still look like you got gifts.
+I don’t know much of the details (probably could answer my own question if I did), but i have heard a lot about Robinhood failing as a platform, and that “when a product is free, you are the product”, etc. Wealthsimple is another example of a commission free brokerage app, so what is the difference? Thank you
+Yes I realize how stupid this was. I was at a bar and talking to this guy for a while. After a few drinks he asked if he could use my phone to call his friend. I was a little tipsy and obliged, and I believe that my Chase app was still logged-in because I had checked my balance only a minute before. I realized the next morning that the man sent $250 from my checking to a random number. Does anyone have any experience with this type of thing? I know Zelle’s TOS and feel like the odds are stacked against me. Any help is appreciated, thanks.
+Hi, so Bitcoin is in all time highs again, newbie question: I have some bitcoins that I bought low. Now I am thinking about selling.  
+What is better option:
+1) Sell everything and buy back after next dip
+2) Sell earnings and leave some position
+3) HODL ?
+Started on March 16 with zero experience. I didn't do CC's for years because I was intimidated but after doing a few contracts I realized it was relatively straightforward. 
+
+My underlying investment total is around 1.1m and the bulk of my CC gains (21.3k total) have been from: 
+
+ARKK	37.0% of gains
+IWM		14.0%
+AMC		8.8%
+PLTR		6.1%
+MUB		5.8%
+NIO		4.0%
+VGT		3.1%
+XLF		1.8%
+
+DOWNSIDES:
+
+My worst experience have been with Vanguard ETFs which only trade monthly. I got burned by VOO and I'm actually down about $500 from having to buy back calls. I made the mistake though of buying back early, now I know to wait until literally the day or day before it expires (I think its unlikely a Vanguard ETF gets called early, they have low options volume)
+
+I wish I held QQQ instead of VGT and SPY instead of VOO but tax issues make it hard for me to do this completely. I moved some of my VBK into IWM but they aren't exactly the same. 
+
+I also had one Friday where I didn't roll my XLF calls because I thought I could just buy back on Monday. But XLF ended up going up and up and I missed out on 1k in gains basically. I was able to buy back eventually but at a higher price. 
+
+
+POSITIVES:
+
+Best ETF's for weekly trading by far are ARKK and IWM.  I started doing 1 contract for AMC per week and the premiums are insane but I know it's very risky on the downside and these premiums won't go on forever. NIO also was pretty good for weekly premiums. 
+
+Unexpectedly I've been able to write monthly calls on MUB which is a bond ETF and also QYLD (covered call ETF) but I sold QYLD.
+
+CONCLUSION:
+
+Overall I feel like this is "free" money. Even when I compensate for some mistakes where I missed out on gains it still works out as a significant amount of additional money I otherwise wouldn't have got. I regret not doing this sooner.
+
+EDIT: many are bringing up my total returns. Let me clarify that out of my 1.1m invested I have about 500k in VGT/VOO, 100k in VBK, and 200k in MUB. This 800k has netted me only 1.8k from CC premiums, so almost nothing. This means the balance of my CC gains (about 19k) has been from 300k of my investments, which works out to a 25% annualized return.
+[Guggenheim](https://cryptoslate.com/wall-street-fund-manager-that-called-for-400000-bitcoin-take-money-off-the-table/) Partners, one of the world’s largest fund managers with $270 billion in client assets under management, is seeking exposure to [Bitcoin](https://cryptoslate.com/coins/bitcoin/) as part of a new fund, a [filing](https://www.sec.gov/Archives/edgar/data/0001864208/000182126821000253/gug82397-n2.htm) with the US Securities and Exchange Commission (SEC) showed yesterday.   
+
+
+ The fund, officially the ‘Guggenheim Active Allocation Fund,’ will invest in cryptocurrencies (mainly Bitcoin) as part of a larger bracket of traditional and alternative assets. It shall utilize quantitative and qualitative analysis to identify securities with attractive relative value and risk/reward characteristics. 
+
+[https://cryptoslate.com/270-billion-fund-guggenheim-is-seeking-bitcoin-exposure-sec-filing-shows/](https://cryptoslate.com/270-billion-fund-guggenheim-is-seeking-bitcoin-exposure-sec-filing-shows/)
+First time poster. I don’t currently see any issue loading the boat with UWMC. Over 5% dividend. Some growth potential. High IV to sell covered calls on. Share buyback program.
+
+It seems like the perfect asset to hold, especially if you have fear that the market is feeling “toppy.” Has anyone here come to the same conclusion? Any downsides besides a dip in share price?
+I’m nearing retirement and have much of my portfolio in VTI. Looking to increase income and reduce volatility, knowing there may well be some tradeoff on the upside. Just now dipping a toe into these 2 subred faves.
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM)
+Memes are fun, but knowledge is better.  Enjoy the memes now and after, but we should be watching streams and scouring for DD when it all goes down.
+
+Edit: I guess it’s fine if some few golden memes make it through like the way it is now as they can keep the hype and spirits up.  I don’t think any of that is stopping current DDs from coming up.  It’s the flood during the MOASS that I’m worried about.  The thank you posts and aspirational “I’m about to be a millionaire” can wait for celebrating after the squeeze.  If the memes are too much, mods can consider a lockdown.  Totally up to the community.  I’m just offering some thoughts.
+
+Edit: Thanks to u/homeownerlookin4help for the reminder.  You can also filter by the flair to look for DD.  I still think we should avoid a flood, but good advice regardless.
+Sitting here watching the 1m candles, and I've noticed today that prices aren't running... they are jumping.
+
+Whether it's up or down, the price is gapping to new prices instead of being bought in to it.
+
+https://imgur.com/0JkXzvD
+
+You can see the huge ~$1 gaps in either direction on the 1m.
+
+There's no shares to fill in-between the prices. We're about to see some craziness...
+I(27) have health insurance cover from my employer but planing on taking my own one. Have shortlisted it to HDFC ERGO Optima Restore. Needed some suggestions regarding the following:
+
+1. What is an ideal base cover amount to be taken considering future inflation factors? Was thinking 15L/20L since their Super top up has a 20L limit. Also any idea about the current premium rates for this range?
+
+2. Should Super top-up be taken along with base itself? Is there any downside to taking it later on? If it's later, then when possibly is a good time to consider it?
+
+3. Since HDFC super top-up is a low amount, is also considering taking it from another company. Any downside other than it being a later reimbursement/extra steps to be done?
+After this week and seeing the massive presence of members of the sub, I’ve been keeping track of how many users are online. The peak of this was 197,000 but we’ve been averaging about 150,000 for about two days straight. Today, the number has slowly declined to about 80,000 about 15 minutes ago. All of a sudden it dropped to 24,000 at 11:20PM. It’s safe to say that most likely 100,000 accounts here are either bots or old accounts used by shills to maintain an online presence. 
+
+In accordance with other posts regarding this matter, please be prepared for massive FUD and vote manipulation in the next few days/weeks. I’m prepared to sort by new to downvote and report any funny business but it seems that roughly 1/3 of this sub is compromised in some way.
+
+Apes, we’re almost there. Keep them diamond hands.
+
+Edit: people are commenting movie subs have gone down from 40,000 online to 8,000. WSB is down too. I’ve been taking notes of that sub as well and the last I checked (around 10:00PM EST) there was 115,000 online. It’s currently down to 36,000.
+
+Edit 2 (12:14AM EST): To give everyone a rough estimate, between this sub, WSB, amcstock, and GME, roughly 200,000 “users” went offline within 10 minutes of each other.
+
+Edit 3 (12:19 AM EST): we’re back up to over 40,000 online users. Amcstock is back up to 22,000. WSB back to 46,000. Roughly 45,000 “users” just logged back on in less than 5 minutes.
+
+Edit 4 (12:22 AM EST): in 3 minutes from my last edit, we just jumped to over 70,000 online users.
+
+Edit 5 (12:37AM EST): I’ll be keeping better statistics of the online activity of this sub and will try to make DD on it this week. If anyone would be willing to PM the exact number of online users at the top of every hour tonight until 8:00AM EST, that would be much appreciated.
+
+Edit 6 (12:41 AM EST): Amcstock just shot back up to 32,000 online 
+
+Edit 7 (1:09AM EST): For those who suspect its Reddit-wide, I’ve been following the stocks and stockmarket subs for the last hour as well. Stockmarket has remained at 2,250 online and stocks has remained at 7,500 online for the last hour. I find it very suspicious that only the meme stocks are having intense fluctuations of online users in the last two hours. This sub has been subject to the most fluctuation by far with around 50,000 “users” coming back online within ten minutes of each other (time window from 12:14AM EST to 12:22AM EST).
+
+Edit 8 (7:25AM EST): I just want to thank the apes that commented and PMed me times and online user statistics while I was asleep. You all are the realest. I promise I’ll release my results this week with hour by hour information as well as the growth rate of the sub.
+
+Edit 9 (8:29AM EST): changed flair to possible DD. I think it fits the posts more so.
+I've been a member of this evolving community of individual investors since January. I've seen a lot of memes that have helped the community feel a shared sense of humor and appreciation of the absurdity of our situation. Memes, while perhaps not as essential as DD, education, and information, are a vital part of this subreddit.
+
+However, the Rising section of r/superstonk is chronically plagued by a flood of low effort memes, reposts, and screenshots of Robinhood stock charts.
+
+Now, I do not claim to be the arbiter of what is funny, original, or helpful. But I think it might be helpful to inspire fellow members of this community to exercise their right to downvote posts that seem, to you, unhelpful or even detrimental to the community.
+
+On several occasions, a flood of similarly-themed memes will clog up the subreddit's feed. Sometimes, these memes are just genuine attempts at original content. But other times, these memes perpetuate misinformation or nonsense.
+
+Lately, the anti-Gary Gensler memes have come out in full force. These memes are not educated attempts at critiquing the SEC's efforts (or lack thereof). Rather, they are crude depictions of Gensler performing homosexual acts. They are accusations that Gensler is actively and intentionally aiding Citadel and SHFs. And they are insults against his character.
+
+Look, I am very aware that Gary Gensler has played a role in the development of the fraudulent US financial system. But there is a difference between critical rhetoric and hateful shitposting.
+
+ To be clear, I am not saying that memes criticizing Gensler ought to be downvoted. And I am not trying to police what types of posts ought to be allowed. You can completely disagree with me, and that's the beauty of Reddit.
+
+I am arguing that individual members of the r/superstonk community have the ability to determine what content this subreddit produces. The content produced by r/superstonk, will be noticed by media, historians, and potential members. Thus, I encourage readers of this post to exercise their right to upvote and downvote, by filtering by New and Rising more often. Play a role in determining which content represents this subreddit.
+
+I believe the individuals who post unhelpful content are the minority. I believe they do it to karma-farm, to spread FUD, or because they are immature (I admit that's a bit judgmental). That shills and bots patrol the New posts is common knowledge. Rather than allowing them to determine the popular content of this sub, consider taking a more active role in controlling the content that represents the community which has fostered such an amazing awareness of market manipulation.
+
+As a final word, let me just say that I am very grateful to the mod team, and those who have an active role in producing DD, education, information, and hilarious memes, all in the spirit of supporting our favorite video game retailer. And another thanks, to all those who *do* actively participate in upvoting and downvoting posts.
+
+---
+
+***This is not financial advice!***  
+*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team.
+Submitted posts are unedited and published as long as they follow r/Superstonk rules.*
+I made this trade one month ago and not sure what to do. It has not been a great trade so far. Month end I will have some more money invest,should I double down on intel. 
+My research on Intel indicate Intel seems a good value stock, great cash flow, cash reserve, strong brand, 2% dividend, there is a big global chip shortage and Intel has fabs around the world. 
+
+For the past year, semi stocks have all gone up massively while Intel stock dropped like 10% compared with their prices in early 2020. Even though Intel is facing so much challenges from all fronts, but I beleiev Intel stock is over-sold and the current prices present a great value. When we get the right catalyst, Intel may start to move huge.
+
+
+Plus, interest rate rises and higher inflation, Intel supposedly gonna do very well. But the stock has been stagnate. Should I double down. Or invest in something else like real estate, reopening stock like national express, Jet2?
+See title ! 
+
+I'm not asking whether I'm being unwise, I'm asking what options are available to me. 
+
+Particularly asking what options would be sensible for my HL S&S ISA, as i manage this myself. Short term bonds (any examples?) ? Walmart ? Tesco ? ..Berkshire Hathaway ? 
+
+Actions thus far;
+
+I've contacted my pension provider to discuss whether I can move my portfolio from "medium-high risk", with lots of exposure to equity, to a lower level of risk with more fixed income and cash. Still TBD whether this is feasible without incurring nasty fees.
+
+I have a Hargreaves Lansdown S&s ISA, and I have FANG, FTSE/S&P ETF's, and about 25% in some more speculative investments in a variety of sectors. I've also got a few grand in a cryptoish token that is a very speculative investment and one that I'm prepared to lose in it's entirety if I'm wrong. 
+
+I want to de-risk my ISA, but I'm unsure what options I have. What bonds would you buy for say 6 months of being out of the market ? What makes a "recession-proof" listed equity option ? 
+
+Frankly - I've never bought any fixed income instruments because I've never seen fit to de-risk in my lifetime. 
+
+Thanks in advance.
+Hype check 1-2, 1-2.. 
+
+The shill brigade is out in full force tonight. Drop a rhyme if you’re ignoring the FUD and buying more of our favorite stock tomorrow morning. I’ll start us off..
+
+I’m a 4 x ape, Been here since the sneeze. And I ain’t fucking leaving! So Ken, suck DEEZ!
+
+Edit: do any of you retards actually read the posts??
+
+Edit #2: insane amount of traffic to my shit post. Humbled and exhausted from upvoting responses. None of the above should be taken as financial advice, but here’s some life advice - Do not believe the mainstream media, they are full of 💩, we’re vibin hard in here 🦍🚀🌘
+
+Edit #3: bought 3 more shares today. Was going to buy 2 but I promised one of you I’d buy one for him/her. Can’t remember who though, so if you see this edit and DM I’ll transfer it over to your poor ass
+I started drinking at a very young age. Older brother and sister type deal. At 17 a graduated early and after I turned 18 I immediately enlisted in to the Marines(2008.) For those that don't know the Marine Corps was literally born in a bar in 1775. We take that shit to heart too. My drinking got heavier and has costed me a few friendships and relationships along the way. Last year I was getting bad. My girlfriend who I plan on marrying was started to get over it. We talked about me quitting for this whole year. I even did sober November which was extremely hard for me but as a Marine I'm always up for a challenge. Anyways Friday night was my last drink. I don't plan on quitting forever but for a good long while. Until MOASS I vow to not drink again. After seeing all y'all quit cigarettes and drinking and losing weight to even those eating Ramen nightly. I see you empty fridge guy and you're not alone. So I wanna just say thank you to everyone of you apes that have been in here spreading positivity to one another. It's hasn't gone unnoticed. Before we change the world we gotta change ourselves. I believe we will make this world a better place when this is all said and done. This isn't gonna be easy for me. But if y'all can do it so can I. So cheers and I hope everyone has another kickass year of hodling our favorite stock. Semper Fi
+Been considering getting a 2nd job for some time now as my current software job doesn't pay nearly enough to secure a mortgage in Sydney (bank will only lend me up to 400k on my current salary due to new requirement from the bank to increase interest rates by 3% from next year). Obviously, 400k isn't gonna buy you a thing in Sydney so they told me I need to find a way to make an extra 30k a year somehow.
+
+Does anyone know of any jobs/things one can do to make an extra 30k a year while working full-time? Preferably on weekdays
+How do you go about investing in SGBs? I am planning to buy SGBs but I have few questions and would like to kbow what this sub thinks about this.
+
+Question is specific to investing through primary market and not secondary market (Edit: I changed my mind on secondary markets as I was not completely aware about the facts, please give your views on buying from secondary markets too).
+
+
+1. Do you have a fixed asset allocation percentage for SGBs?
+
+
+2. If yes, how much and how do you plan for it?
+
+
+Let us say your asset allocation calculation comes out as 5k per month for SGBs. How do you invest this 5k as SGB tranches are not released every month? Do you keep this 5k (per month) in savings bank till a subscription period comes up and then buy SGBs? Or do you follow any other way?
+
+
+3. Finally the most important question for me: Do you invest in every tranche to average out the cost (like SIP)?
+
+
+This specific question because SGB bought at higher price gives you higher interest but will (not always but likely) give you lesser capital appreciation (in percentages).
+
+
+
+Please discuss, any inputs will help.
+The more I learn about trading, the more I lean on thinking trading is primarily about discipline. 
+
+One could probably turn a profit by blindly taking trades if they
+
+1. Use proper position size
+2. Cut losers early
+3. Let winners run
+
+Not managing your risk and emotions (greed and fear) are what kill traders.
+
+This game is mostly mental after you have a basic understanding of what moves the market. 
+
+​
+
+​
+Terry Smith gives an example of how ROCE affects CAGR. In his example, you pay 4x book value for company A that has a ROCE of 20%, hold it for 40 years and sell on 2x book value. You buy Company B at 2x book value with 10% ROCE, hold it for 40 years and sell for 4x book value. In the end, Company A’s CAGR is 18% and Company B’s 12%. That example explains beautifully how important returns on capital is imo. 
+
+Charlie Munger talks about returns on capital as well, he says "Over the long term, it's hard for a stock to earn a much better return than the business which underlies it earns. If the business earns 6% on capital over 40 years and you hold it for that 40 years, you're not going to make much different than a 6% return—even if you originally buy it at a huge discount. Conversely, if a business earns 18% on capital over 20 or 30 years, even if you pay an expensive looking price, you'll end up with a fine result."
+
+Now that quote explains perfectly why I have a position in MSFT at a higher valuation and why I don't have a position in AT&T despite it looking so cheap. 
+
+It is important to compare the numbers within sectors as well. Comparing Bank of america’s 6% return on capital employed to Microsoft's 32% wouldn’t be fair to Bank of America. 
+
+Another crucial point to keep in mind is that cyclicality may have an impact on the ROCE. Micron's ROCE was at 44% in 2018 when the chip industry was booming, and only at 6.8% in 2020, two years later.
+
+ In 2021 Google’s return on capital employed was 28.2% and return on invested capital was 25.5%. That was a huge jump from 2020 where the numbers were 16.7% and 15.2% and the reason is Google's net income significantly increased in 2021. Their net income increased from 40 billion in 2020 to 76 billion in 2021. 
+
+These figures for return on invested capital obviously reflect the business's previous performance. For instance, META is currently investing tens of billions of dollars in the metaverse, which will be the thing that determine their ROCE in the coming years. 
+
+I personally believe instead of searching the market for cigar butts it is better to invest in compounders with high ROCE. Will I be proven correct or will I be the sucker who paid 23x earnings to a 1.7T$ company? What do you think?
+
+I talk about this in my latest video as well. Here is the link if anyone is interested : [https://youtu.be/t6yEr2UIIuI](https://youtu.be/t6yEr2UIIuI)
+I seeing news stories everywhere on how manufacturing is moving away from China to Vietnam and india, and zero covid policy makes no sense, what are you guys doing? Are you still looking at Chinese stocks?
+[*This article*](https://insight.kellogg.northwestern.edu/article/younger-vs-older-tech-entrpreneurs) discusses these research findings, which is that the median age of founders of startups with a successful IPO exit is **mid\-fourties**. The researcher says that we tend to allocate more money towards younger startups in tech based largely on the common myth that younger founders have better ideas. But the data suggests otherwise.
+
+I certainly don't want to discourage younger founders... But should we be considering the age of founders when investing? The tool in the article says someone who is 40 has a **15x** better chance at a successful startup than someone who is 20 \- that is pretty significant!
+*Throwaway account*
+
+Hi all - it was always my goal to get to $1M by the time I was 30 (4 months late to my original goal, but meh...). I've been looking into the FIRE movement, and while neither my wife and I are super interested in the RE part, we certainly want to make responsible financial decisions to be FI. And now I'd like to make a goal for when I am 40.
+
+Some NW stats:
+
+* $160k - 401k
+* $110k - primary residence equity
+* $600k - brokerage accounts
+   * 70% is my company's stock. Working to reverse DCA and diversify this more.
+   * We both work in tech (me at a startup that's succeeded, her at an established company), and my company's ISOs have certainly helped us get started.
+* $85k - cash
+   * Looking to get some real estate for income, but then COVID happened. Sitting on this for now and DCA'ing into the market. Still want to do this, but prices haven't fallen as expected.
+* $45k - alternate assets
+   * A couple of hobbies of mine are watches and collecting precious metals. These can all be pretty liquid, so I tend to count them in the number.
+
+Other notes:
+
+* Income has been steadily increasing and is \~$400k the past two years, $120k of which was stock vesting.
+* We live in a HCOL and have a pretty poor savings rate by the standards of the FIRE community, about  25-30%, but we've always kept monthly tabs on our finances and are satisfied by the rate of growth we are seeing.
+   * I also don't mind working, I like what I do and while there is burnout from working 80-100 hrs/week occasionally, I am motivated by the work.
+   * We also want to enjoy life. We love to travel and be blown away by the experiences we've been fortunate enough to have. This habit definitely pushes out when we reach our FI number, but enjoying life along the way is worth the delayed gratification to us.
+* Have one baby now, planning on two more in the next few years, so any FI would need to be a significant number
+* The fatFIRE number in my mind is $6.425M, which I think will allow for \~$200k of annual spending coming from passive income that I'd feel comfortable with.
+
+The main reason for my post - for those in similar situations, at which point do you start focusing on the income produced by your capital? I'm thinking my goal in 10 years should be driven by the amount of passive income I can make from stock dividends and real estate, instead of a NW number. However, I don't want to make stupid decisions given my age, and sacrifice an attractive yield for growth that'll be worth a lot more decades from now. 
+
+My current thought for my goal to my 40 y/o self is: $8k monthly income from stocks, $10k monthly income from real estate. Not sure if this is realistic, but I didn't think I had a chance for $1M by 30.
+
+Does anyone have any feedback on this plan?
+
+Thanks for reading!
+I just had an idea. Suppose that you're a rich person, with at least $1 billion dollars on hand to exist. Maybe not all your money, but in an investment account that you control.
+
+Find a stock with an options market, but low trading volume. For example: [Sigma Labs](https://finance.yahoo.com/quote/SGLB/). Current price $3, average volume 500,000. It has a call option at $5.
+
+Buy up as many of those $5 call options as you can, all expiring on the same day. Buy some of the further out ones too. As many call options as you can get without massively distorting the market. You can buy them gradually over a long period, just as long as they're all the same expiration.
+
+Then, on the day they expire, start buying the stock like crazy. Buy buy buy. Place a massive market order, all at once. You're not trying to get good fills, you're just trying to drive the stock price up as much as possible, right before trading closes. Now all your options are deep in the money- sell them for a profit. You could even go short the calls, to get rid of some of your stock. Sell the stock gradually over the next few months to get rid of it (or keep it if you want I guess). You'll probably lose money on the stock itself, but make a killing on the options trade.
+
+I don't have a solid calculation of the numbers of this though. How much would the price of a stock move if you suddenly dumped, say, twice the average daily volume into it, all at once?
+Original Article: [https://seekingalpha.com/news/3682347-hsbc-reportedly-barring-customers-from-buying-shares-of-coinbase](https://seekingalpha.com/news/3682347-hsbc-reportedly-barring-customers-from-buying-shares-of-coinbase)
+
+You can't buy shares in COIN and MSTR.  
+
+* HSBC (NYSE:[HSBC](https://seekingalpha.com/symbol/HSBC?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews)) is said to prohibit its customers from buying shares of Coinbase (NASDAQ:[COIN](https://seekingalpha.com/symbol/COIN?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews)) as it sticks to a policy of avoiding virtual currencies.
+* The news comes after a report that was circulating earlier this week that that the bank banned customers on its online trading platform [from buying shares of MicroStrategy](https://seekingalpha.com/news/3681111-microstrategy-stock-unchanged-after-report-that-hsbc-bans-customer-from-buying-its-shares?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews) (NASDAQ:[MSTR](https://seekingalpha.com/symbol/MSTR?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews)).
+* "HSBC has no appetite for direct exposure to virtual currencies and limited appetite to facilitate products or securities that derive their value from virtual currencies," HSBC[ told publication Coindesk ](https://www.coindesk.com/add-coinbase-to-the-list-of-crypto-stocks-hsbc-wont-touch)in a response to a question on Coindesk.  "This is not a new policy.”
+* Coinbase shares are largely unchanged in its second day of trading , [one day after the cryptocurrency firm went public via a hot Nasdaq direct listing.](https://seekingalpha.com/news/3682097-coinbase-stock-rallies-in-premarket-trading-ahead-of-second-day-following-hot-ipo?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link%7Cfirst_level_url%3Anews)
+The market has broken my trend line and price is now stopping inside support and resistance lines, what is the next thing to look out for or what typically happens in this sort of scenario? 
+Any response is appreciated
+Thoughts on that? Am I the only one who sees this as one of the biggest bubbles ever in the market? This must be one of the greatest short squeezes of all time? When VW had the biggest short squeeze of all time it went up to 370b usd in value, and TSLA is soon passing that market cap.
+
+VW crashed HARD when it crashed however. Will TSLA be the same story?
+Edit: 0.5% gain closed out on 6$ calls Tuesday, 0.25% gain on 4$ calls closed Tuesday.
+Made 0.37% in one day. Big
+
+Sold a ton of 6$ puts ending this week for .06 each
+Sold a bunch of 4$ puts next week for .04 each
+50% APR with these two buys.
+
+Also been buying activision stock as I think it's the best arbitrage in the market at the moment, and with rate increases and financial worries I believe a 15% gain in a year is great.
+
+I love selling puts :)
+Have been reading the chatter on the usual sauces about nobody needing "more than a $5m super balance" because dividends on that amount invested equate to something like $350k/ann tax free as a retirement pension.
+
+Sounds reasonable. 
+
+Not that I'm in any danger of ever having that kind of earning capacity, but with a $27k/ann cap on contributions - how are "these people" getting to a $5m balance with this relatively low per annum contribution cap?
+
+Is it through SMSF? Dodgey investments in said SMSF? Multi-party funds/SMSF? Money laundering?
+Just Dial have just filed Draft offer document with SEBI to Buyback its shares through tender offer at 700. Which is nearly double of its current market price. They are going to use ₹220 crore to effect this buyback. That is to buy 4.84% of total equity shares.
+Other than the exorbitant premium, what suprise me are the following:
+1. Company has a cash equivalent of around ₹40 crore only. (They cannot borrow for buyback)
+2. Last year company had a book profit just above ₹200 crore. (They are going to utilise all the money just for buyback!)
+3. Promoters have stated that they may tender all their shares in the buyback. (Promoter bailout)
+
+Although the document states standard pretty words of shareholders benefit for the purpose of buyback, I find no solace in it. Even if the promoters do not bailout, company clearly does not see any growth for themself.
+ 
+Prima facie view of the balance sheet shows that the company is now an investement company, as long term investment is the biggest item in asset side. Did not go into the investements, but if it is to group companies or related party, then it is the biggest red flag.
+
+So these are my observations. Am I missing something or am I viewing it in a wrong way? Do share your views.
+
+[Just Dial filing with SEBI](https://www.sebi.gov.in/filings/buybacks/jul-2020/just-dial-limited-draft-letter-of-offer_47002.html)
+Relatively new to MF and so far I've been invested into Axis Bluechip, Canara Bluechip, Mirae Asset Tax Saver and L&T N50 funds for about 1.5 years. My horizon for investment is around 15 years. I'm looking to add US exposure and I've seen PPFAS Flexi Cap & MO funds loved quite a bit.  
+  
+Since I'm already large cap bluechip heavy with my existing funds, should I stick with a pure US fund like MO?  
+  
+Also would ETFs be a better route than FOF? Main concern being liquidity since the fund will have obligation to buy if I decide to sell, although I dont see the allure of US market waning in the near future. Any advice is appreciated !
+Can anyone shed some light on this? 40k loan taken out 20 years ago, halfway paid back and never missed a payment. Received a letter today stating that the bank had made commercial decision to close the account and clear the outstanding loan balance. I did not get in touch with the bank about this or ask for this in any way. Checked online banking and it matches up. Is this legit, why would this happen and will it affect my credit?
+We installed solar panels on the family home in Sydney during October in 2020. We went with a 8.4kw system with 24 solar panels from Q Cells and Enphase Microinverters for a total cost of $10 620. We expect a ROI in 3.1 years.
+
+I searched this subreddit before installing solar panels. I also relied on Finn Peacock on YouTube and his website to explain how solar works because I had no idea that it was based on sunlight rather than heat. Additionally, I reached out to a few people who had posted on this sub. They graciously helped me crunch some estimates based on their own bills. I'm sharing my numbers in the hope it might help someone else.
+
+[Pictures/graphs of bills, solar production and exports on Imgur.](https://imgur.com/a/OvEcuRx)
+
+I've annotated the images so the graphs should be easy to understand. The screenshots are from the Enphase app where I can check the solar production of each panel with a 15 min lag time. I've paired examples of three days of varying energy production with the Energy Australia app which gave me a rough estimate of my bill costs before discount. I have recently switched providers so I have no idea if the AGL app will give me as much information.
+
+My previous electricity bill for mid Nov to mid Feb would typically be my largest quarterly bill for the year because we have air-conditioning. We don't tend to turn the heaters on as much during the winter months. I had previously relied on a sizeable 25% plus 3% discount on my bill to reduce some of the bill. 
+
+The difference in the YOY is quite noticeable. My Feb 2020 bill without any solar panels and after discounts was $754.15 or a $8.29/day. My Feb 2021 bill with solar panels was $224.19 or $2.49/day. Unfortunately, we had some issues with our smart meter which only registered information for 64 days out of the 90 day quarter so in reality, my bill would have been even lower than that. 
+
+I calculated a hypothetical bill if I had switched my provider to AGL which is offering a $0.17/kWh feed in tariff (however, their flat rate for energy usage is higher) and I have since switched over to them because Energy Australia is only offering $0.09/kWh. 
+
+I had read that some people regretted not installing more panels in anticipation of a battery becoming cheaper in a few years so we went for a big system. We have a full house again after my parents called the other siblings home from abroad due to their concerns about covid. My Tim-Tam spend is 300% higher year on year and yet everyone "only had one". Lies. The family pack is gone in two days. The electricity meter is combined for the main house and a granny flat out the back. Previously, we had long term renters in the granny flat, however currently four adults work from home full time with two other adults in the house. 
+
+**TL;DR: Installed a 8.4kw solar system for $10k and reduced my electricity bill from $754.15 to $224.19 for the same quarter year on year. Expecting ROI in 3.1 years or earlier now. Nice.**
+>**The company will no longer sell either product and is offering owners full refunds**  
+>  
+>Peloton recalled its Peloton Tread+ and Peloton Tread treadmills today, according to an [announcement from the Consumer Product Safety Commission](https://www.cpsc.gov/Newsroom/News-Releases/2021/CPSC-and-Peloton-Announce-Recall-of-Tread-Plus-Treadmills-After-One-Child-Death-and-70-Incidents-Recall-of-Tread-Treadmills-Due-to-Risk-of-Injury), the government agency that oversees most household products, citing safety hazards.  
+>  
+>The Peloton Tread+ has been linked to dozens of injuries to children, including one death. The recall notice states that “Peloton has received 72 reports of adult users, children, pets and/or objects being pulled under the rear of the treadmill, including 29 reports of injuries to children such as second- and third-degree abrasions, broken bones, and lacerations.”  
+>  
+>**The company also notified the CPSC that its newer Peloton Tread’s touch screen can detach and fall, posing a risk of injury to consumers.**  
+>  
+>**Consumers should immediately stop using the treadmills and** [**contact Peloton for a full refund**](https://www.onepeloton.com/)**.**  
+>  
+>**The Peloton Tread+ (previously named the Peloton Tread) has been on the market since 2018. A smaller treadmill, also named the Peloton Tread, was slated to go on sale May 27, with 1,000 units already sold in the U.S. as part of a friends-and-family presale.**   
+>  
+>The recall comes after the [CPSC, in April, took the unusual step of warning consumers](https://www.consumerreports.org/product-safety/peloton-plus-tread-treadmill-urgent-safety-warning-cpsc/) with small children or pets at home to immediately stop using the Peloton Tread+. The company initially refused to recall its popular $4,300 exercise machine, according to a CPSC spokesperson, stating that the product was safe as long as users followed operating instructions.  
+>  
+>**The warning was based on reports of 39 incidents in which a person, a pet, or an object, such as an exercise ball, was sucked under the machine, leading to injuries in both children and adults, many of them serious. “These are more severe injuries than you would imagine with a treadmill,” the CPSC spokesperson told Consumer Reports at the time, adding that the agency had not seen these types of injuries with other treadmills.**  
+>  
+>In light of the CPSC’s warning and the severity of the injuries, [CR removed the Peloton Tread+ from its ratings](https://www.consumerreports.org/product-safety/safety-concerns-prompt-consumer-reports-to-remove-peloton-tread-plus-from-ratings/) and stopped recommending the product while the investigation was ongoing.   
+>  
+>The treadmill’s safety risks first became apparent in March after [Peloton CEO John Foley wrote to](https://support.onepeloton.com/hc/en-us/articles/360058677091-A-Note-from-Peloton-CEO-John-Foley-about-Tread-) users of the exercise machines regarding an incident with the Peloton Tread+ that led to the death of a child. Foley advised consumers to “keep children and pets away from Peloton exercise equipment at all times” and to “remove the safety key and store it out of reach of children” when the treadmill was not in use.  
+>  
+>The widely publicized fatality prompted the CPSC to request information from Peloton, and the company disclosed to the agency that there were additional injuries and incidents tied to the Peloton Tread+.  
+>  
+>**As the CPSC investigated the reports, including disturbing** [**home video footage of a child being sucked underneath the Peloton Tread+**](https://www.youtube.com/watch?v=onXNnlCYJ4Y) **(and escaping without serious injury), the agency asked Peloton to recall its treadmills. But Peloton refused.**  
+>  
+>Shortly before the CPSC’s public warning, Rep. Jan Schakowsky, D-Ill., asked for details about the CPSC’s investigation and Sen. Richard Blumenthal, D-Conn., urged Peloton to issue a recall.  
+>  
+>The standoff with Peloton illustrates that the CPSC cannot force companies to issue a recall without taking them to court, even when the agency’s safety experts have tied a hazardous product to deaths or serious injuries.  
+>  
+>“The CPSC took a strong and principled stance for safety, and clearly that’s what made Peloton come to the table and agree to offer a full refund,” says William Wallace, CR’s manager of safety policy. “It shouldn’t have required so much time and effort to get this product recalled. This episode underscores why we need to overhaul our outdated laws, so the CPSC has the ability to take quicker, forceful action when a product is putting people at risk.”  
+>  
+>Acting CPSC chairman Bob Adler said in a statement today that he is pleased that the agency and Peloton have ultimately agreed on recall terms. He added that the recall “is the result of weeks of intense negotiation and effort, culminating in a cooperative agreement that I believe serves the best interests of Peloton and of consumers.”  
+>  
+>**Peloton CEO Foley apologized for the company’s initial response to the safety issues, and stated that “the decision to recall both products was the right thing to do for Peloton’s Members and their families. I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission’s request that we recall the Tread+. We should have engaged more productively with them from the outset. For that, I apologize.”**
+
+[Source](https://www.consumerreports.org/home-product-recalls/peloton-tread-tread-plus-treadmills-recalled-serious-safety-hazards/)
+
+[PTON stock price](https://finance.yahoo.com/quote/PTON?p=PTON&.tsrc=fin-srch)
+The manipulation and corruption is so blatant I have no idea how US markets will recover after this. And don't come at me with that bullshit about being patient because the SEC is silently investigating. Guess what, while they silently investigate people have been loudly losing millions for months. We might be diamond handing GME but we are not the only people in the market. For everyone of us they are probably hundreds that have paper handed GME or any of the other stocks that are actively being manipulated. After MOASS there's no snowflake in hell that will convince me to invest in any US market. Buckle up and see you on the other side. Hodl!
+Currently sitting on about $1.4NW.  part owner in my company with a stake worth approximately $550K.  Earn about $250-300k.  Workplace is extremely toxic and dramatic.  I can cash out anytime but not without creating some bad blood.  I would like to think I’m very important to the firm given the revenue I bring and could potentially leverage, but tired of the politics and power games with the other partners.  Majority partner also refuses to leave or give up control to anyone besides his groupies.  Should I stay or go?  Could potentially land a low stress job in the short term while I try to find another path
+Sorry if this is a stupid question but can someone explain how you can make money on a market which is unpredictable? I’ve been thinking of starting but can’t figure out how people have these 80% success rate formulas that can can just use. Any advice would be great.
+I ran across [this article on CNN](https://edition.cnn.com/travel/article/ollolai-italy-one-euro-homes/index.html) this morning while drinking coffee.
+
+The TLDR is: Abandoned homes in a shrinking Italian village really are being sold for a dollar...you have 3 years to renovate the home and make it livable at an average cost of about $25,000 - so still a good deal.
+
+Perhaps a good compromise between home and risking your life on a cheap Chinese scooter in Southeast Asia? :D
+
+I thought this would be appropriate given the current tug-of-war of **Retire to LCOL Country: Friend or Foe?**
+
+EDIT: I want to edit in a link to a comment from someone in Italy more familiar with the situation so that it doesn't get lost in the fray: https://www.reddit.com/r/financialindependence/comments/7u0z8h/1_homes_in_italy_with_a_small_catch/dth5k0h/ Thanks, /u/retal1ator
+Hey all,
+
+My husband (36m) and I (34f) hit our FIRE number a couple years ago. Since then, we've kept working for "fun money" and actually splurged on a few things. (Mt. Everest! First new car ever!) But after the excitement wore off, we recognized how ridiculously lucky we are to be in this position, and we've started trying to give back however we can. I now teach classes and lead hikes for the Girl Scouts--something I've wanted to do for years. We've turned our yard into a mini farm and donate a lot of the food we produce. We're both really focused on environmental causes, so we're trying to "greenify" our city, helping to maintain trails and push more bike-friendly infrastructure. 
+
+For those of you who have FIRE'd (or are getting close) do you volunteer or give back to your community somehow? Do you find it more rewarding than kicking back and "retiring?" For anyone else who's environmentally-minded, are there any volunteer activities you can suggest? We're always looking for more.
+[https://docs.google.com/spreadsheets/d/181NsEF1W0c0nNjhS5o\_v6PnOvTnpLwUnZgOwCP-1flE/edit?usp=sharing](https://docs.google.com/spreadsheets/d/181NsEF1W0c0nNjhS5o_v6PnOvTnpLwUnZgOwCP-1flE/edit?usp=sharing)
+
+Got my WSB tuition and owed 88k, took a break for a month and started using a new strategy starting in December 2020.  Here is the recovery graph from a few days ago: [https://i.imgur.com/b2wxePw.gif](https://i.imgur.com/b2wxePw.gif)
+
+Noticed NVDA was pretty rangebound back then for months, so decided to pretty much sell anywhere from $15-20 OTM put credit spreads two weeks out with ALL my capital. Sprinkled in some TLSA, AMD, and high IV plays like CRSR and GME, and here we are now with a $233k profit (from the bottom). Here is where my WSB smooth-brain kicked in: I was so confident on NVDA not dropping past my strikes that I doubled down by using the credit I got from my initial spread and selling more put credit spreads with it.... so this is more like /r/thetagangbets.
+
+**NOTE:** I am NOT suggesting this to be done at ALL. I essentially have been YOLO'ing my entire capital with each trade, and am overleveraging here by recycling my credit into more spreads. Just want to share and see what kind of discussion comes out of this.
+
+Shared an older version of this template in the past, decided to update it with a copy of my current trades (Note: won't be updating this in real time, real trade log is in a different acct, but feel free to copy and adapt as you like!)
+In the equity market, fear of missing out seems to be overshadowing fear of all that’s wrong with the economy. Goldman Sachs Group Inc. says pessimism will soon get the upper hand and send the S&P 500 Index down almost 20% in the next three months.
+
+Fiscal and monetary support over the past few weeks of the coronavirus pandemic successfully warded off a financial crisis, but a return to economic normalcy is still a long ways away and investors have gotten ahead of themselves, the bank’s chief U.S. equity strategist, David Kostin, wrote in a report.
+
+Financial, economic and political risks darken the outlook for domestic equities, Goldman warns. The bank cites the lack of flattening in the U.S. infection curve outside of New York, what promises to be a lengthy re-start process, a 50% hit to buybacks in 2020 and the risk of higher corporate taxes and de facto consumption taxes if U.S.-China trade tensions bubble up again.
+
+“A single catalyst may not spark a pullback, but a number of concerns and risks exist that we believe, and our client discussions confirm, investors are downplaying,” Kostin wrote. Goldman says the S&P 500 will probably drop to 2,400 over the next three months before it rebounds to 3,000 by year end.
+
+The index slumped 0.5% Monday to 2,914 as of 9:45 a.m. in New York.
+
+
+Kostin notes that large swaths of the investor community have failed to cash in on the S&P 500’s 31% surge since its trough on March 23. He points out that most mutual funds have underperformed since the bear market low, with long/short and macro hedge funds posting single-digit returns as a group, and investors may face pressure to chase the rally.
+
+“The ‘fear of missing out’ best describes the thought process,” Kostin said.
+
+Futures positioning shows investors still doubt S&P 500 rebound
+
+But he warns that it’s a risky move. Even with measures of the breadth of the recent rally improving in recent days -- potentially signaling more buy-in on the idea the gains will last -- Goldman Sachs’ sentiment indicator has barely improved since mid-March.
+
+“Skepticism abounds regarding the likelihood the rally will continue,” the strategist writes.
+
+relates to Goldman Says Stocks Due for 18% Drop After Rally Driven by FOMO
+Kostin is pessimistic on the outlook for corporate profits, citing frozen growth plans and capital expenditures will drop 27% this year. He points out that the only encouraging driver for earnings is the swelling federal deficit, which in effect acts as substantial support for demand.
+
+Caution on equities may also be warranted in the face of stretched valuations -- to the extent that anything about 2021’s bottom-line outlook can be discerned.
+
+The benchmark U.S. stock gauge trades at 19.5 times the buy side’s estimate of next year’s earnings, Kostin concludes, the highest level since 2002.
+
+https://www.bloomberg.com/news/articles/2020-05-11/goldman-says-stocks-due-for-18-drop-after-rally-driven-by-fomo?sref=s0L1qQ1H
+No, really, are they out of their mind?
+
+Do they have any idea how long a bear can last and how many coins can be lost and eaten up forever.
+
+The bear market knew to “eat” the coins that were in the top10 so we only have BTC, ~~ETH~~ LTC and XRP out there that survived it from 2013.
+
+Dip is one thing, crash and bear is another. And it can last for a long period of time.
+
+What bear brings to us:
+
+\- General distrust in cryptocurrency
+
+\- Investors are losing confidence in the market
+
+\- Prices are decreasing for possibly longer period of time
+
+\- Negative talk of cryptocurrency in news, social media, mainstream media and so on
+
+And no, I don't wish for a bear market so I could accumulate more coins. Some dips are totally fine. For me DCA is also a good strategy for a long term investor. Why the hell would I want bear market? It is not that fun at all!
+So I'm oscillating between signing up with a roboadvisor or just doing the ETF thing on my own.
+
+If  I go on my own, I'm thinking of buying a bunch of shares in only one ETF - XEQT  - and  putting a fairly large chunk of change in it to start, and add monthly.  My risk tolerance is high. I plan to hold this for decades. So I have no  intention to buy bond ETFs until much later.
+
+Is  this normal or dumb to buy just one ETF?  This one looks perfect - it's  an all equity fund with a good all around balance of equities. Is it  really that easy, or do I need to do some more research and buy a few  separate equity ETFs?  Is there a downside to having just one ETF for  long term investing?
+
+It just seems  so damn easy - one ETF makes it so simple to add money every month.   Only one type of share to buy keep commission costs down. I just wonder  if I'm missing something....
+
+Edit: thanks for all the responses!  It's a little overwhelming contemplating picking from the huge choice the right ETFs in the right balance, so it's good to know just buying one and forgetting about it isn't a dumb play!
+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!
+
+Is there any historical data on Jim Cramers stock picks? I want to bet the polar opposite against whatever bullshit he spews and would like to backtest it first.
+My grandmother wants to buy the house she was raised in back from an older couple she sold it to but they don’t want to move and with house prices as high as they are could an option be to buy the house for a lower amount then it’s estimated value and let them live in it as long as they need. This would be a cash deal no financing.
+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 found out a year and a half ago when I tried to apply for my first credit card that there were fraudulent accounts taken out in my name. Long story short, figured out it was my mum (my middle name was used to open each of the accounts and i've always hated it and never used it, she regularly used one of the catalogue sites and has a spending habit). When I first asked her, she said "don't you dare accuse me of something like that" with a bright red face, so I already knew. When I said I would report it, she confessed. She tried to blame it on financial problems due to supporting myself and my brother through uni, all the while buying expensive designer things and going on several holidays a year. I wanted to report it because she trashed my credit score, but I just couldn't bring myself to do it. I also wanted to cut her off, but my dad left when I was 8 and I never saw him again, I couldn't really bare the thought of having no relationship with either of my parents. She set up a payment plan to pay it off and we didn't talk for months. When we started talking again, she had paid a chunk of it off (it was around 2k total). I was very naive and wanted to be able to trust her, so when she told me it was paid off I believed her (very naive I know). She had come into inheritance money and was buying bags upwards of £900, so she certainly wasn't struggling for money, so why wouldn't she pay it off? Fast forward a couple of months, and I recieved a collections letter for the other half she hasn't paid off, although she has been on 3 holidays so far this year. When I asked about it, she said it was being paid off monthly. This was another lie. I told her to pay it or I would report it, and she paid it upfront. I have cut contact with her, and haven't told my brother or any other family members, even though I want to. (My brother is older and would have noticed a long time ago if she had done the same to him). I feel so betrayed and just really foolish, I should have been checking my credit reports. I don't really know how to move forward from here, at the moment I want absolutely nothing to do with her. Can anyone who has gone through a similar situation give me some advice? I'm just so disappointed and feel very alone in this.
+So I've been buying ETFs for some years now, but I still haven't been able to completely understand how their trading price is determined.
+
+I understand they are traded as any stock in a stock exchange. Therefore, the price is determined by offer and demand, as a stock from any company.
+
+However, if this is always true, you could find an ETF with a price that is not aligned with the prices of the assets it holds, right? 
+
+As an example, let's assume an ETF only holds 2 stocks:
+
+* 60% *Company A*. *Company A* currently trades at 200 USD.
+* 40% *Company B*. *Company B* currently trades at 50 USD.
+
+Then, theoretically, the ETF should be trading at a price equal to:
+
+60% \* 200 + 40% \* 50 = **140 USD**
+
+But, what happens if the market doesn't behave as expected, and for some reason people start selling the ETF irrationally, making the ETF trading price drop to **100 USD**.
+
+In this scenario, you could buy the ETF at 100 USD, and essentially you would be buying *Company A* and *Company B* at a cheaper price than their actual trading price.
+
+I know I'm clearly missing something, as this can't be how ETFs work. Reddit experts, could you please shed some light into the topic?
+Had a couple financial and investing advice companies private message me and ask me to plug their sites on here for a substantial amount of money. I told them absolutely not, I'm strong and worth more than that, much like the investing insights that can be found over at Motley Fool. SMDH, they think they can buy us, just like people should buy the strong buys recommended over at Zack's if they want to make money. What will they try next?
+
+
+I’m 50 yr old (blue collar, female clerk worker) My house is finally paid off (hooray) I just went from making 15.79 to 19.50 (😊) an hour. I have just under 30,000.00 in 401k. 16,000.00 in a savings account. $17,000.00 in combination of IRA CD, and target fund. My house needs the shingles replaced. And the bathtub replaced. Part of me, wants to put that extra money into my 401k to built it up. Or use part of my savings and the extra money to fix the roof and bathtub. I would love to retire at 65. But not sure if I could. What do you guys suggest?
+September 15. That was a Monday.
+
+The next day the Fed loaned AIG $85 billion to prevent bankruptcy.
+
+The day after that Washington Mutual went up for sale and interbank lending stopped.
+
+On Thursday treasurery secretary Paulson briefed Congress on an emergency relief plan being put together (later called TARP), the president cancelled his travel plans to remain in Washington, and Morgan Stanley shares dropped by 46% over the course of a few hours. Paulson tried to broker a deal to *give* Morgan Stanley to JP Morgan Chase for free, but JPMC *refused to take it*. 
+
+On Friday Paulson announced a $700 billion bailout and said "If it doesn’t pass, then heaven help us all.” President Bush later said, of the program, "I've abandoned free-market principles to save the free-market system"
+
+Since that time the stock market has returned something like 200%. Just a reminder to not let the fear take hold and prevent investment, even when it's hard and even when it's scary.
+
+I feel like it's good to keep the memory of this fresh because it helps to combat some of the things you hear during recessions which seem realistic but which turn out not to be, and which prevent people from making the most of the situation. 
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH).
+I make about $150/week as a bartender, and man does that comma look good! Don't really have anyone to share it with so i thought i'd post it here.
+
+Unfortunately, I'm about to spend most of it to start a small gardening business, and that's a little bit scary, but also really exciting!
+
+Hopefully I'll see 5 figures in my bank account one day and thanks to all the great advice in this sub that helped me to get to the point in my life where I can actually decide my own future!
+I decided that I would like to simplify my portfolio a bit, and just take the vast majority of my portfolio and investment income and place it an ETF (dividend paying ofc) tied to the S&P 500. Basically I could then track my portfolio monthly and have auto investment setup to keep the ball rolling. Do y’all think this a good idea, or no? 
+
+Edit: Yes, I know it lacks diversity, but it’s an ETF and has plenty of stock exposure since it’s indexed to the S&P 500
+There has been many polls and discussions everywhere but none really showed a lot of participation, let's take advantage of the new poll option to make polls to gauge opinions on this matter and hopefully we get a lot of participation.
+
+​
+
+​
+
+[View Poll](https://www.reddit.com/poll/9lrsph)
+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.
+$KODI is the next generation of BNB auto-redistribution tokens. Not only will $KODI provide its holders the luxury of earning passive income (BNB) by simply holding KODIAK tokens, they’re bringing the first ever Entertainment Hub to the BSC network!
+
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+
+The BETA launch will include a 24/7 Radio which will be bringing you everything entertainment such as podcasts, music, and much more! This will provide an eventual revenue stream that will directly benefit $KODI holders down the road. 
+
+##Tokenomics Breakdown
+
+💰 **Max supply**: 100 billion
+
+💠 **Tax Fee**: 13%
+
+♻️ **BNB Redistribution**: 7% of all transactions have BNB auto-redistributed to $KODI holders. Auto-claimed every 60 minutes
+
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+
+💎 **Sell Fee**: 3% extra to all sells with 2% to the BNB dividend pool and 1% to LP
+
+🐳 **Anti whale/dump lock**: Sells are restricted to less than 0.1% of the total supply
+
+📱 **Marketing and Development**: 4% tax goes to a separate marketing BNB pool. A marketing wallet with 3% of the total supply will also collect BNB. 
+
+🕹 **Sweep Widget**: the SweepWidget tool will be used to hold contests to give all TG members a fair chance at earning a spot on the presale. 
+
+
+##Token Launch
+
+📟 **DXSale Presale** 📟
+
+**Details**:
+
+Thursday August 12th, 2021: 16:00 EST
+
+🔰 **Soft cap**: 300 BNB
+
+🔰 **Hard cap**: 450 BNB
+
+KODIAK is going to launch on DXSale Network using their new whitelist feature to help minimize the use of bots. This will help more dedicated members get into the presale and further ensure the projects success!
+
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+
+🔥 Come join the TG for your chance to earn a spot on the whitelisted presale! SweepWidget will be used for competitions to give all members a fair chance at earning their spot! Launches August 13th, 2021!
+
+
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+
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+ 
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+
+🐦 **Twitter**: https://twitter.com/KodiakToken?s=20 
+
+📸 **Instagram**: https://instagram.com/kodiaktoken?utm_medium=copy_link
+I own a "tiny home" that's actually a park model RV in a neighborhood full of other park model RVs. It's on a permanent foundation and is actually a pretty amazing little place. We went into this not planning for it to be an investment property. It was to be a family retreat that we occasionally rent out on Airbnb to cover the bills. Since that time I've jumped into the STR game with both feet. I've been operating this property as an STR for the last few months, but I may have an opportunity to sell it at an obscene price and I think I'd be stupid not to do so.
+
+Background:
+
+* Purchased land in 2019 for $39k
+* House built, land developed, house installed, etc over the next 18 months
+* Closed on whole thing in 2021 for $170k total
+* Current mortgage balance is $139k (land value was rolled into loan as down payment)
+* Have put probably $15k into it since closing
+
+One of these houses sold 6 months ago for $350k. Another is listing this week for $395k. I could feasibly be walking away with $225k, which I would then reinvest into another STR.
+
+I've always had concerns about the durability of these "houses". I don't think they're going to age well over 10+ years.
+
+Thoughts?
+
+P.S. Don't rag on the tinies! ;)
+
+​
+
+​
+
+EDIT: Thanks everyone for your comments! I had some requests for pics, so here's an album with some of my listing photos: [https://imgur.com/a/xer2uvm](https://imgur.com/a/xer2uvm)
+Let's say I lump sum invested £10,000 into index XYZ.
+
+It has a CAGR of 10% per year. 
+
+I want to skim off £100 every month to spend on absolute rubbish. Pints, Amazon crap, whatever. 
+
+Is there a formula or something to figure out how much you're messing up compounding?
+
+Obviously taking £1000 every month would completely kill your investment. 
+
+Taking £1 every month wouldn't make a difference. 
+
+How can I figure out the right balance?
+Ok so i put some money in to Pineapple power (PNPL) around a month ago now id say. It has a pretty low market cap i think its around £6.2mill. Its a green energy company and i believe they are looking to invest in/buy out other companies within the sector. It seems quite interesting especially with how big green energy is going to be this year. I was just wondering if anyone had anymore information on them or if anyone else has invested in them as they believe they will do well?
+Like most people and for obvious reasons, my brain has recently been more fixated on finding money saving hacks, freebies and discounts.  I've found this to actually be quite rewarding and fun.  My favourite so far has been the 5 free drinks per day at Pret for a month's free subscription trial. 
+
+I'd love it if we could share our good finds on this post to spread the joy
+First time post/ long-time lurker
+ 
+Just bought a foreclosure home at auction and am having some issues with the former owners. 
+
+They have moved out but are not handing over the keys for various reasons. Their “stuff” is still in house but they are not staying there and only occasionally moving things out.
+
+What are my options here? Eviction, ejection? Can I just change locks since no one is living there? 
+Any advice would help
+Here's my plan:
+
+1) Get a degree - I figured it's always good to have something to fall back on. A degree will make it easier for me to find a decent paying job. If I mess up or if the market crashes. I'll always have this to fall back on. I'm getting either a finance or accountant degree. 
+
+2) Get a decent paying job - I don't know if right out of college I'll find a job and make $50k a year, hopefully it'll be at least $40k. If I'm an accountant I'll have my own private practice or accounting firm on the side. 
+
+3) Buy my first house/Real estate investment - Hopefully I'll be able save over $20k for a down payment and fees. I should have good credit around this time. If I live in this house for a couple years or maybe 4, I can take out equity to help me buy an apartment building or multi-family property with the money in my savings. I'm going to repeat this process over and over again but this time using multi-family buildings instead of single family homes.
+
+Find other ways to create multiple streams of income - I don't know if I'll still have my salaried job at this point. I'm going to be making 6 figures a year off real estate. I'm going to get my net worth up and qualify to invest in franchises such as McDonald's or burger King. Besides my accounting firm, I'm going to have my own business I'm not totally sure what type of business but I know I will start one.
+
+Now, listen. I know I'm going to run into trail errors, I know that. I don't know how realistic my plan is but I want to work my way towards financial freedom. My plan may change along the way, I might come up with different approaches to certain strategies or steps. A couple years ago my dad used to tell me I'm "getting ahead of myself". I disagree because I need a plan, a business plan.
+
+I'm sorry if this is too long, some people told me to skip the college part. I feel like I won't be able to save money to put a down payment on a property if I'm just making $20k a year, I mean it's possible. Before you downvote or demotivate or say this is a stupid plan what would you change? Any recommendations?
+I'm interested in grad school working with data but the problems arising in economics fascinate me. So my ideal future would be using the power of statistics to data related to an economic issue/problem. 
+
+My only question, however, is that econometrics and statistics look very similar to one another and the difference seems as if it's only a matter of the type of data. Would this be accurate to say? In what ways does an econometrician differ from a statistician working with economic data? Is there a difference at all? If so, is there a difference in approach or philosophy? Thanks!
+Hello everyone! I’m new to this subreddit, but am very interested in economics. I have a choice between graduating a semester early, or adding a minor. Since economics is interesting to me, and I’m pretty good at it, it is my top choice. As a Finance major, would it be worth it to get a minor in Economics? What are the pros and cons? Thanks in advance!
+Who in society benefits from when money is 'created' through monetary policies? 
+
+I don't know all the ways/reasons for money creation, but the idea of devaluing people's money seems odd.
+
+I know the general answer is 'the economy' but who in the economy? Who's relative wealth increases?
+Start early, pick small companies and go all in “vigorously” as he put it in 1999, with his $30b now around $100b (so about 300% profit in 20 years). The questions are where are those companies and how someone like me can find them? Talk is easy 
+
+https://www.moneycontrol.com/news/trends/warren-buffetts-1999-advice-on-how-to-invest-10000-is-still-relevant-today-8670271.html
+Supposedly the hack was just emails, no passwords. No data. Just emails. This is the information they gave in the email Robinhood sent. It also asked me to login and read notifications directly from the app from now on.
+
+This is after at least 1 email a week of them asking me to login to my inactive account I abandoned when they took away the buy button. There is a bigger reason than what they are claiming, imo. They want to ramp up the amount of active users (people have to login regularly to be an active user) without lying about the numbers. How else to get people to login if we ignored their TAX emails, their check your account emails, their free gift emails? Well, WE HAVE BEEN HACKED. CHECK AND MAKE SURE EVERYTHING IS OKAY BY LOGGING IN.
+
+Apes, hopefully none of you logged in so they can spice up their little books for investors.
+
+​
+
+**Directly from Robinhood's email:**
+
+*Here are some helpful tips for* ***keeping your account and information safe***
+
+* ***Log in to the app to view important messages.*** *Avoid links in security alert emails, which can direct you to fake sites that capture your account and personal information. When in doubt, log in to view messages from Robinhood—we’ll never include a link to access your account in a security alert.*
+* ***Request 24/7 phone support in-app.*** *Right now, the only way to get phone support is to log in to the app and request a call from an agent—we’ll give you the number we’ll call you from so you know it’s us and not spam. If you see activity you don’t recognize on your account:* ***Account*** *>* ***Help*** *>* ***Contact Us***\*.\*
+
+​
+
+​
+
+To keep your account and information safe, use the app.  And use the app.  And right now the only way to get phone support, is through the app.   Blatant.
+I hate how these posts often leave out important details, I'm happy to just tell you, no "MCOL" bullshit. 32 married guy, 2 kids.
+
+I'm going back to a town (an hour) outside Des Moines. I made my nut through crypto, I bought in 2013 and sold most in 2017-2018.
+
+I bought a 300k house and  have family close by.
+
+My biggest fear is that it somehow gets known that we're wealthy, both for the stigma attached to it and also making myself and children targets.
+
+After that, I'm afraid I'll go off the deep end and somehow destroy my family's financial stability.
+
+​
+I finally have dental insurance for the first time in my life.  I have always been a 2x a day brusher but definitely a slacker when it came to flossing.  Low and behold I got quite a few cavities between my teeth that were all totally avoidable had I flossed. Thank god I have dental insurance and can finally get these taken care of.
+
+TLDR: BRUSH AND FLOSS EVERY DAY. IT CAN SAVE YOU THOUSANDS OF DOLLARS AND YEARS OF DISCOMFORT
+Just a thought but what the heck. Elon hates Hedgies.  Elon knows that Hedgies are using crypto currency to stave off margins calls and generate money in an unregulated environment. How do you crash crypto? Elon makes an announcement that he is no longer supporting it under the guise of environmental issues. Hedgies alternative liquidity (crypto) is falling plus the market value is falling Hedgies can no longer sustain revenue and guess what happens next?  MARGIN CALL. ELON WINS 
+GME Soars!!!!
+Picture this: 
+
+Let’s say your a very financially stable 30 year old with a young family, house, solid monthly income to sustain the life you currently have.
+
+You also have 600k to invest in your future with a goal of making yourself financially independent. What is your plan?
+
+Edit: Additionally, already maxing out our IRA & 401k
+Edit 2: all 3 kids college paid for. Already have house.
+
+By financially independent I mean, we quit working for the man and live off our investments, dividends, properties, or whatever we have set in place with lots of financial freedom.
+First off, the collapse of Luna caught the attention of regulators around the globe, especially in the USA. Stable coin regulation is coming and there is nothing anyone can do about it. I don’t actually think this is a bad thing to prevent future meltdowns (full audit of tether pls).
+
+So what does this c#ck head do…….creates Luna 2.0. This is a regulators wet dream. The optics on this whole thing are so incredibly bad.
+
+To ALL of the exchanges out there who listed this token……you fucked up. 
+
+Not only do the regulators have hard on for flogs like Do Kwon, but you are in their crosshairs even more now. Exchanges literally listed the exit pump token for Do Kwon’s initial ponzi. Utterly psychotic. Like how can they be so stupid.
+
+Exchanges should have denied the listing of Luna 2.0. 
+
+This is why we are so far away from full scale adoption. It’s bullshit like this and maybe it’s time for the regs to come in and clean this bullshit up. A lot of people lost a lot of money in the last couple of weeks, Do Kwon is causing more and more damage every day he is active in the crypto asset class.
+As the Hong Kong markets open for Thursday, we expect to see an influx of Evergrande related news. Unfortunately, we cannot have one topic completely dominate discussion on this sub. 
+
+​
+
+Please post all Evergrande news here. New threads on the topic created after this megathread will be deleted.
+The other cars insurance (Farmers) said they accept responsibility but not much else, and have left my car in paid city street parking, leaking oil, both axles snapped in half. It's only a matter of time until parking tickets and a $600 tow to impound occurs. I've missed days of work and have to get rides to work from friends. I only have liability insurance (AAA), so when I called my insurance they said they couldn't help whatsoever.
+
+I feel like Farmers is ignoring me as a bullying tactic before lowballing some settlement, hoping I'm exhausted. I don't know what to do.
+YOY return on one of my largest accounts...  Has about 100 positions including a significant short positions in long dated puts and synthetic long.  bulk of positions are buy and hold stocks, some held since 2010 and 2012.  I don't day trade or trade short term options except covered calls and diagonals, which i don't have any at the moment.  Sometimes I trade futures, usually commodities and index futures and index futures options.  I have no futures positions at the moment.
+
+all the short positions will be realized as gains as time waste on short puts.  Also, my account has a high beta relative to NASDQ Composite shown, blue curve.  My account is the Green curve.  I figure i've done pretty well, for an amateur.  Not a professional finance industry type.
+
+https://preview.redd.it/onotdeo7j7j71.jpg?width=1407&format=pjpg&auto=webp&s=34115762eb489d3a553d199c2c840b3edc3fa93e
+Hi everyone. One of my favourite investors is Seth Klarman and I've recently been trying to transition more of my portfolio to Value. Going through his last reported holding I noted that MU was in his top 10 and is also the Largest holding of Mohnish Pabrai. They both bought in the mid 80s and the stock is now trading in the low 70s. 
+
+There has already been some discussion on the company on the sub recently but I wanted to ask what you guys think these 2 investors (in particularly a strict value one like Seth) see in the company to buy in the 80s. I would assume that both will have averaged down during this dip. 
+
+Thanks
+TLDR: This company is selling for cheap and if you can accept the risks involved with the company currently it could be a good value play in the gaming and high PC space.
+
+[Link to the Google doc if you would rather see the graphics in the text](https://docs.google.com/document/d/1FcfTHITstSualR6ZE43ut8U-oQ8OuCIRNh7NmAJmp64/edit?usp=sharing)
+
+**Introduction:**
+
+Good morning/evening everyone! I am taking my first crack at a DD post so please give me feedback both on the presentation of the information and the general information. We are going to start by taking a look at the current business model.
+
+**CRSR - Corsair:**
+
+“Corsair is a leading global provider and innovator of high-performance gear for gamers and content creators. Our industry-leading gaming gear helps digital athletes, from casual gamers to committed professionals, to perform at their peak across PC or console platforms, and our streaming gear enables creators to produce studio-quality content to share with friends or to broadcast to millions of fans. We design and sell high-performance gaming and streaming peripherals, components, and systems to enthusiasts globally.” [About Us on Investor Relations](https://ir.corsair.com/)
+
+Basically, they make money by selling hardware that users need for high-end PC setups and peripherals. Below you can see a chart of where NPD Group ranked them in terms of their leadership in each category. As you can see they are able to charge premiums on various products compared to their peers.
+
+[Leadership in each product category graphic](https://imgur.com/a/OlHYx0H)
+
+[Showcasing their current product offerings](https://imgur.com/a/G1i07Qg)
+
+**Corsair breaks itself down into the following segments:**
+
+* **Gamer and creator peripherals -** Includes our high-performance gaming keyboards, mice, headsets, controllers, and streaming gear, which includes capture cards, Stream Decks, USB microphones, studio accessories, and EpocCam software, as well as coaching and training services and content design services, among others.
+* **Gaming components and systems -** Includes our high-performance power supply units, or PSUs, cooling solutions, computer cases, DRAM modules, as well as high-end prebuilt and custom-built gaming PCs, among others.
+
+*Below you can see how the two segments have been doing:*
+
+[Segment performance graphic](https://imgur.com/a/aDpSspQ)
+
+**Financials:**
+
+* Total Revenue TTM as of Q2 2021: $2.015B
+* Profit Margin has been floating between \~6% - 7%
+   * Their *gamer and creator peripheral* segment is a smaller part of their overall revenue, but it is a higher margin business than selling PC components. They have been growing this part of the business rapidly over the last couple of years. This will likely expand margins and allow them to capture more profit on the bottom line. On top of the push to their newer segment, they are also trying to push into direct-to-consumer sales rather than utilizing a third party like Amazon or Best Buy.
+* Current P/E: \~15
+* EV/EBITDA: \~10
+* Current Cash as of Q2 2021: $134.572M
+* Total Debt as of Q2 2021: $330.251M
+   * They recently refinanced this debt, but I will update this once we have new information.
+
+**Industry**
+
+* Many believe that the industry will create a huge TAM for a company like Corsair. By 2025, analysts predict the industry will generate more than $260 billion in revenue.”([link](https://www.statista.com/statistics/292056/video-game-market-value-worldwide/)) There is still a lot of growth especially due to the fact that consoles will likely allow native mouse and keyboards in the future to allow players to be more competitive. This could be a catalyst for Corsair over the long term.
+* For the components portion of the business, PC’s will likely begin a refresh cycle to include the new CPU’s, GPU’s, and of course DDR5 technology. Corsair will benefit massively as supply chains shore up the resources and are able to deliver computer components to enthusiasts.  ([Link](https://www.pcgamer.com/pandemic-or-not-idc-says-gaming-pc-and-monitor-sales-will-remain-strong-for-years-to-come/))
+
+**Strengths:**
+
+1. Brand Name and reputation -
+   1. Corsair is a well-known brand in the gaming space along with some of its other brands like Scuf, Elgato, and Origin.
+      1. Scuf Gaming builds custom high-end and high-performance controllers for those looking to get to the next level.
+      2. Elgato creates products to help streamers create a higher quality stream through HD webcam, lighting, stream decks, and much more.
+      3. Origin is a desktop PC supplier which sells high-end PC’s meant for heavy workloads and gaming.
+2. Integration of multiple products along with complimentary add ons and software
+   1. As you saw in the product showcase above they have been creating more and more products to give gamers the all-around experience that all sync up together. This makes it easier for streamers to control their feed and various interactions through the stream deck while also managing the cameras and mics. When the consumers buy one high-end product they will likely buy the complimentary items if they have a good experience with the initial product from Corsair or its subsidiaries.
+3. They sponsor some great streamers, teams, and events. This allows them to reach many fellow gamers and followers.
+   1. Corsair currently sponsors large streamers on twitch such as(Not comprehensive [list](https://www.corsair.com/us/en/streamers)):
+      1. Summit1G (\~6.0M followers)
+      2. CyborGangel (\~67.7K followers)
+      3. IamBrandon (\~39.9K followers)
+      4. Bajheera (\~510.5K followers)
+      5. Loserfruit(\~2.6M followers)
+      6. Sacriel(\~702.1K followers)
+   2. Corsair also sponsors Team Envy,  BIG, Vitality, and Team Secret which all have teams in various E-Sports. More information can be found [here](https://www.corsair.com/us/en/esports).
+4. Work from Home strengthened the gaming market
+   1. Many teens and adults were obviously staying home, but many bought a computer that they have been slowly building over time or just increased their gaming due to needing to be quarantined indoors. This obviously caused a huge increase in Corsair’s (and other retailers) yearly sales especially due to the impact of the stimulus payments. Sales will likely normalize lower in the near term as the COVID buying starts to subside. However, this means that if Corsair was at least able to get one of their products to a customer’s desk they will likely have that customer come back to buy more to add their Corsair-related devices (headset, mice, keyboard, stream deck, etc.)
+5. Actively decreasing debt on the balance sheet while maintaining a strong cash position. The total debt hit $505.8M in Q4 2019, but they have been able to knock it down to $330.3 as of Q2 2021.
+
+**Risks:**
+
+Now, these are some of the reasons why it may not be a good investment or just some general business risks that you should be aware of.
+
+1. EagleTree
+   1. This is a partner that Corsair is majority-owned by currently. As of the time of this [article](https://www.nasdaq.com/articles/what-is-the-ownership-structure-like-for-corsair-gaming-inc.-nasdaq%3Acrsr-2021-06-21) Eagletree owns 59% which they are trying to sell down which we saw during the stock price run-up in Spring of 2021. The majority ownership poses obvious risks because of their voting rights and ability to possibly move management that will negatively impact the retail investor. There is currently no explicit plan for their selling and what/if there is specific target ownership they would like to get down to. Many believe this is why Wallstreet has not “bought the dip,” but you will see that there is a reason it is currently selling for a cheaper value as well.
+2. Global Supply Chain Shortages
+   1. As with every other company, Corsair has been negatively affected by the shipping times and increased costs overall to create and sell their products. Management recently issued lower guidance and a warning about Q3 earnings due to the impact of these supply chain issues. [Link](https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-announces-preliminary-third-quarter-2021) This will hurt their margins in the short term with hopes that supply chains will normalize in the long term.
+3. High Debt
+   1. They currently have a lot of the debt on their balance sheet and although they are trying to decrease the debt it still poses an obvious risk especially if there was an economic downturn in the near future. Luckily, management has been using the increased covid sales to plow that money into the debt to decrease the outstanding amount. They were estimated to pay down \~$100M in total for 2021 and continue into next year. On the bright side, they recently refinanced the debt and decreased the current interest rate which will allow them to pay it down faster and decrease the expenses related to the payments. [Link](https://ir.corsair.com/news-releases/news-release-details/corsair-gaming-announces-new-350-million-credit-facility)
+
+**Discounted Free Cashflow Model**
+
+If you would like to see my worksheet the link is [here](https://docs.google.com/spreadsheets/d/1yzL4hCMcAUhRTl9xCxVXwbzbt0RYyrQTfVllKBna8oo/edit?usp=sharing).
+
+[DCF Picture 1](https://imgur.com/a/Qsh6Ab3)
+
+DCF [Assumptions:](https://imgur.com/a/Jdhn0wo)
+
+I used an FCF less than their current TTM FCF because I think they are benefitting from high sales, but will be impacted by supply chain woes. I believe the fair value for this company is around $24-$25.
+
+**What are their plans for the future?**
+
+1. Corsair plans to pay down its debt and strengthen their balance sheet
+2. Continue to introduce new products that will complement their current product lines and work on creating better software to go along with those products.
+3. Marketing via sponsorships of streamers, Esports teams, and events to build brand awareness. Also, they send products to large tech YouTubers like Linus Tech Tips, BitWit, JayzTwoCents, and Paul’s Hardware which allows them to showcase and benchmark various Corsair products.
+4. Pushing their higher-margin segment of the business while utilizing their direct to consumer
+
+**Closing Thoughts:**
+
+There are obvious risks that you should look over before investing in this company, especially trying to understand how it will impact your investment thesis. Eagletree’s large position definitely poses some downward pressure on the stock’s price, but the business appears to be growing steadily. I do not view this as a *HIGH*  growth stock that has a current opportunity to 10x or something like that, but I do think it could double or triple over the coming years. Corsair likes to add on to its current offerings via acquisitions and R&D which could mean that it will likely introduce new products and acquisitions later on (They already introduced a lot of products this year). I think for a company selling luxury high-end products with the current valuation it is a no-brainer if you can justify the current risks when doing your own DD. I currently like this company and have been adding at sub $25 and I am looking to continue as it goes down.
+https://www.cnbc.com/2020/09/04/jobs-report-august-2020-.html
+
+Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn.
+
+The unemployment rate was by far the lowest since the coronavirus shutdown in March, according to Labor Department figures released Friday.
+
+Economists surveyed by Dow Jones had been expecting growth of 1.32 million and the jobless rate to decline to 9.8% from 10.2% in July.
+
+Government hiring helped boost the total, with the growth of 344,000 workers accounting for a quarter of the monthly gain.
+
+The report comes amid a raft of mostly positive economic signals, with retail sales, real estate and manufacturing showing sharp rebounds off their coronavirus lows. Still, economists worry that absent another round of stimulus from Congress, the boosts in activity could be short-lived. August's job gains mean that more than half of those displaced during the pandemic are back at work.
+ 
+
+This write up is going to be full of hypocrisy as I myself will be preaching about something that I myself still grapple with. 
+
+That "thing" is my relationship with money. Money is such a strange, almost taboo concept that we have hyper-normalized. In my eyes money is one of the most fundamentally important things in our life. 
+
+Money grants us freedom to choose jobs, have better healthcare and also gives us options to travel and feel secure. We pursue money in the stock market not simply to have it, but to measure ourselves against others. Like anything with it's opposite however, the pursuit of money can be quite dark and emotionally consuming. 
+
+### Mo' Money Mo' Problems
+
+Even though money gives us options. Seldom do people (myself included), pay attention to the destructive forces, addictions and quest for dominion money can surface within us or create a neurosis around. 
+
+For me, money became so important that I forgot how to live life outside of work, the stock market and being a "landlord". Why this scares me even more is that I noticed so many destructive behaviors that turned money into more of a hindrance and trap than liberator:
+
+1. I began comparing relationships I have with people based on money. This stirs up many emotions around jealousy and self-esteem.
+2. Becoming paranoid and fearful of losing it and developing a hoarding mentality.
+3. Paranoia in general about people wanting to "take what's mine". This leaked into other parts of my psyche around physical possessions. 
+4. Completely associating my self-worth with my bank account or trading account. 
+5. Spiraling negative thoughts when losing.
+
+Now, I am not saying that this needs to be the case or is the case for all traders. I am saying this is what it became (and still is) for me on many levels. The cycle of elation when I am winning and despair when I am losing has been relentless the more wealth I accumulate. 
+
+This really came to a gigantic crescendo last week as I broke down in my Psychologist's office and had a complete  meltdown.  
+
+ 
+
+### A Turning Point and a Meltdown
+
+I had bought myself a new bike (Yamaha T7) but could not shake the feeling of despair, guilt and self-disgust because I did something for myself. 
+
+ I spoke openly about how I had nothing in the past and now had to fight for everything I have which meant hoarding, winning and basically doing whatever it took to win. Everything except enjoying myself and having fun or recognizing I was doing really well!
+
+I felt like I needed to send back my bike. I didn't deserve to enjoy it and everything I had was sheer luck. Maybe it was, irrespective of the "success" or even "failure" the big question was "Why do I feel so terrible about enjoying myself".
+
+Trading can be a treacherous pursuit if these feelings are the dominating force in how we approach risk and the market.
+
+ 
+
+### Replacing Money for Dysfunction 
+
+Having done some extremely sensitive work on this. My psychologist and I identified some very interesting concepts that I wanted to share with you because I feel it applies to all of us.
+
+Money is so powerful and taboo, that in many cases, particularly for stock traders, our quest for money is actually a quest for something much deeper. It's a quest for validation, for supremacy and of course our perceived notion of "freedom".
+
+Some examples:
+
+1. Money can replace a broken home and replace the feeling of abandonment with a sense of security.
+2. Money can replace relationships as a safety net or a sense of security.
+3. Very importantly, money can feel like we are in control. The sense of power that comes with money is obvious and perpetuated by marketeers to keep us in a heightened state of "wanting".
+
+This concept scared me as after our session I began noticing some very odd behavior I never really caught before.
+
+1. Taking a €1000 loss was okay but buying a new pair of shoes wasn't. 
+2. Spending money on myself made me feel out of control.
+3. Limiting things I enjoyed felt like penance for losing money in the stock market.
+
+It was striking to me that by dealing with feelings of abandonment and rejection from my childhood manifested and almost became the catalyst for "why I trade". I do love trading but I can't imagine how good it would feel to do it without guilt, fear or judgement. This pursuit of the process, free of these emotional chains has now become my true pursuit. 
+
+### When Winning Feels Good
+
+In an effort to go back to what feels good when I trade, I took a few notes on what feels really good about the **process** of trading itself. I've been using this as a tool to act in accordance with my true vision of personal success vs being dragged around by emotions:
+
+1. When I follow my plan be it a win or a loss, it feels great!
+2. Not buying stocks or avoiding over-trading on emotional triggers lets me know I am in control instead of questioning it.
+3. Being consistent in my daily routine, preparation and execution helps me feel like I am heading towards my goals.
+4. Not looking at P&L and having knee-jerk reactions to my net worth.
+5. Reviewing trades in-depth and understanding why things work and others don't.
+6. Documenting all of the above like a professional.
+
+I've found that immersing myself in the process, somehow results in far more realized gains than looking at my net worth. It's actually astounding how when I am logging trades, calm and balanced - the money just seems to gravitate towards me.
+
+Recognizing all of these things has changed my association with money on a number of levels but still needs work. My new goal with trading has become far more process centric vs only about the P&L (because my plan statistically guarantees profitability if followed).
+
+### Letting go to Get More
+
+I want to end this blog with a small fable that reminded me of my own debacle, it goes something like this:
+
+A baboon walked into a hunting ground and found a jar full of interesting edibles (not that kind). He put his hand in the jar and grabbed a gigantic bunch of them.
+
+He heard soon after a rustle in the bushes, the hunters were returning from their day trip. With his paws full of juicy treats he held on and tried to take the jar with him. Unfortunately, the jar slowed him down and the hunters opened fire blowing him to smithereens. 
+
+The baboon had many options open to him, tipping the contents out of the jar, letting go of the juicy treats or simply taking less. 
+
+The same thing happens to us in the market, greed and the blind pursuit of profit forces us to avoid acting in the right way. Only in our case, we are both the baboon and the hunter. 
+
+Just something to think about. Hoping this resonates with you.
+Thought this could be cool for people who are heavily into BTC or ETH to see some other promising coins.  So if you had to pick ONE coin you own (or wish you owned) to be a sleeping giant waiting to awake, what is it and why?
+Hi,
+
+I had to find a plumber to do the first and second fix for my kitchen renovation, I had contacted him a few times by email to get a quote but he was taking ages to reply so I called him and he said on the phone it would cost £600.
+
+He did the first fix last week and had just sent me an invoice to say first fix is £600, and that when I call him to come back to do second fix it will cost an extra £200.
+
+I unfortunately don’t have anything in writing to say we agreed it to be £600 for the whole works but 100% was not told it would be an extra charge when all my emails I had requested both works to done. He even said it wasn’t complicated and he did all the works within 30 minutes. 
+
+Is there anything I can do to argue that invoice?
+
+On another note, I had used him the month before to service my boiler as this is first time I owned my own flat (previously always rented) - when I asked him for a certificate to confirm he has serviced the boiler he said they are only given out to landlords and that is for an additional charge, is that correct?
+
+Thank you,
+Yea we see the 74% - 93% conviction rate. Oh boy, that sounds real good. So far they've been given parking tickets. Bankers have been bailed out for bankrupting America. So what the fuck? Do you guys have the memory of a goldfish? Since when did we let go of parking ticket fees? I agree that this is a step in the right direction but until we see enforcement it's just the same lip service. Let's not count our chickens before they hatch. Anyways, I like the stock.
+
+Edit: Holy Shit! Woke up to a lot of likes! 
+
+More Information:
+The probes and investigation for the 2008 crisis were quietly closed after a DOJ investigation.
+
+Sauce:
+https://www.theatlantic.com/magazine/archive/2015/09/how-wall-streets-bankers-stayed-out-of-jail/399368/
+
+
+Regards to people think I'm spreading FUD:
+
+
+1) A seperate opinion that believes GME will still moon but disagrees with enforcement is not FUD. In 2008, DOJ launched an investigation and dropped all charges. I am looking for action not words based on past events. It's a step in the right direction, IF they plan on enforcement but it can also be a nothing burger. The point is we don't know.
+
+
+2) The outcome does matter because it shows that the government is willing to enforce laws against corrupt Wall Street. GME proved this corruption. I'm not talking about headlines that could be beneficial for Citadel investors. I am talking about enforcement. 
+
+
+3) If they do enforce laws then good. That's what I want but an investigation should not be treated as if it has already happened. That is the point of this post.
+I've heard it 10 times here that Marxist economics have been rejected by the consensus, either for having an outdated conception of value or for not being a good enough tool anymore to e.g predict prices.
+
+That's all good, but have there ever been any Marxist economists to ever win a Nobel prize? If so, what would this mean for said consensus?
+'Amazon is doing great damage to tax paying retailers. Towns, cities and states throughout the U.S. are being hurt - many jobs being lost!' - trump
+
+
+Interesting as it may be, Amazon has been going on hiring sprees around the country, recently hiring as many as 50k employees. They have new warehouses in Michigan opening, and the newspapers are widely reporting the jobs coming as a result.
+
+
+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 invested with an offshore fund for many years and discovered recently that the fund had disappeared along with around €40k I had paid in over the years. I would like to know if there is any come-back for situations like this and people like me with little financial experience. The fund was called Alpinvesta and was supposedly low risk. I found out by chance when  enquiring on the balance of my portfolio from my ifa. They claim no wrong doing and that the fund manager has just gone awol with a lot of people’s money. How can this happen with no recourse??
+Maybe to some extent i was expecting a fall, but not this hard and this quick, along with IV.
+
+Trading on it doesn’t make sense ATM, CSP are cheap compared to last week ( i know , IV dropping but still) this fast crush. 
+
+Anyone thinking of CSP , and at what price, or any other trades, or maybe waiting for it to consolidate !?
+
+EDIT: They did a 500 millions Worth of share offering Today!
+     As the title says, how many of you are willing to help anywhere and everywhere you can in the world? The top 1% that hold the most money rarely help and they are just a 1%, when we get filthy rich that 1% may change and finally you can change the world circulate the money, help people and feel better when you put your head to rest at home. 
+   
+    Personally, I cannot wait to reap the millions of these people so I can repurpose it where it is actually needed. I never understood what a person can do with billions of dollars to their name and not do anything with it. It is enough to feed one person that needs it to make a positive change in just a moment. Stop looking at the price, cause the MOASS will be heard round the world and we would not need to see it in our notifications to know it is happening, just relax everyone we got this.      
+     
+     Once it is done though, never forget who you were before and do not let the money change you. We cannot be like them, we must be better, help those you can because one small thing you do might inspire others to follow your step and from there on it is a ripple effect of positivity. Example: You build a food shelter, people share you food shelter online, others help in that center( donations of money, food, clothes ), many unfortunate people will be helped and that news will travel fast and far inspiring others to do the same in their communities. 
+     
+     So, think carefully why you are holding  when those tense moments arrive, do not waver fellow apes. The world needs you, YOU, not the 1% because they have been around for a while and most of them have bought yachts instead of helping. 
+     
+     I have gotten to know this strong community of smart and very kind people, and I know we can be the change the world needs. I just want you to remember when the time comes, who we were, who we are and who we are going to be at the end of it all. And after all the stuff the opposition pulled on us, they do not deserve any mercy, the floor is enough when the change of wealth happens, it is beyond 20 million. This post might get lost but I hope it has a rippple effect on its own and even if one person gets the positive idea from this, is enough for me. Hold the line fellow apes in arms, the war is long but prosperous.
+Edit: Paragraphs
+About to find myself in a situation I’m sure many of you have encountered before.
+
+I work at a tech company that has seen a significant run-up in stock price. As a result my annual comp is now roughly $200k base + $300k RSUs.
+
+I am now interviewing with smaller companies, mostly private (Series D & E). When the recruiter asks me for my comp expectations I say “500”, and generally they respond with “that’s on the high end” but then move me forward in the process.
+
+My question: by the time I get to the offer stage, what kind of package can I expect? Would a company actually match my current package even though it’s 20-30% higher than what they would pay someone with my experience but not my appreciated RSUs? Would they offer me a one time cash bonus?
+
+How have you been able to negotiate away your golden handcuffs?
+
+EDIT: it seems like my OP is being misinterpreted. When I told the recruiter I was looking for “500” I was clear that that was a total comp number including equity, and that for base cash I was looking for 250-300k. Basically I am looking for them to match my current total package, even though it is above market. So i ask again - is this reasonable?
+I’ve got a friend who texted me this morning asking if I could do her a favor.
+
+She wanted to withdraw $50k from her IRA but can’t use it to invest. She can, however, “loan” it to someone so she asked if she could “loan” it to me, we’d sign a promissory note, then I’d deposit the check into my account, and then turn around and write her a check for $50k so she can invest it in something else. 
+
+I already told her no cuz it sounds shady af but I’m curious of the legalities behind this. 1) is this just a loophole or illegal; 2) if I deposited $50k into my account, doesn’t anything over $10k get flagged by the IRS; and 3) is this low key money laundering??
+
+I asked her what I’d get out of it and she said “absolutely nothing. You’re doing me a favor.” Umm. Ok. Then, no thanks.”
+I invested 150k yesterday which is the majority of my net worth.  I know everyone says “don’t time the market”, but when I saw VTI was down 25% YTD and VXUS was down 27% YTD I decided to go for it.  I was planning on investing this money in 2023 anyway so I guess it’s not too big of a deal.  Do you think this was a bad decision?  I’m not planning on touching this money for 30+ years by the way.
+ Jim Chanos recently revealed that his fund is now short Coinbase. Coinbase provides exchange and platform services for digital assets, and they're growing rapidly into new verticals. They provide services for both retail and institutional investors, and are now even releasing a platform for digital art that will act as a competitor to Opensea. They also own a venture arm named Coinbase Ventures that is invested in many up and coming startups in the field, as well as individual tokens and projects in many cases.
+
+Chanos is famously known for his great calls on Enron and Wirecard, but most recently also lost almost half of his fund's capital shorting Tesla. He has been a renowned TSLA bear for quite some time - a decision that has not worked out for him.
+Hi PF,
+
+Long time reader, you guys have helped me and my wife immensely in planning and saving. Yesterday, we were on Let's Make a Deal (clip here: https://www.youtube.com/watch?v=nKUnMxvcIqo) and we won a new car! [oops, spoiler alert]
+
+We don't really need a new car and are contemplating selling it to put money towards a home down payment. From what I can tell of my cursory research, I will be hit with a prize tax as well as including the value as taxable income. Will this be done when I submit my 2016 tax return? What can I do to appease the IRS without getting completely hammered by Uncle Sam? 
+
+Just a couple of notes:
+
+* The prize fulfillment dept has 90 days to arrange delivery of the car.
+* The car may not be exchanged for cash value, however, I may try to negotiate with the dealership on this.
+* It was a surreal and fun experience, I'll never complain about paying taxes on the win.
+* Wayne Brady smells like vanilla and leather
+
+Thanks to anyone with advice on how to best proceed!
+Hello all, the numbers for October came in via Black Knight's Mortgage Monitor. If anyone is speculating a crash in 2021, here are some numbers to look at. 
+
+Home prices: Low rates, improved affordability and low inventory continue to put upward pressure on home prices, with the median home price rising by 14.2% in September. This is up 11.5 % since August, and the highest annual home price growth in 15 years. It is expected home buying will increase even into December. 
+
+Delinquencies: Mortage Delinquencies are down 3.10% in October. The level of of all delinquencies less than 90 days past due has now returned to pre pandemic levels. Serious Delinquencies are down 43k, however, more than 2.3 Million home owners (5x the number entering 2020) remain 90 or more days past due, but not in foreclosure. Once 2021 comes around , I can see a possibility of a lot of these turning into foreclosures. 
+To compare, in total we have 2.5 million either delinquent or in foreclosure as compared to the Great Recession peak of 5 million. We only have currently 181k active foreclosures as compared to 2.2 million at the peak of the Great Recession. Our TOTAL delinquent is 3.5 million compared to 5.8 during the Great Recession. 
+
+On a positive note: Pre payment rate is up 12.70%. There are now just 821K mortgage holders that are a single month behind on payments, down nearly 20% from pre-pandemic levels, and the lowest such volume on record dating back 2000.  
+
+Highlights: 
+- After peaking in May, delinquencies have now fallen by more than 14% (-582K) over the past four months 
+ - As of September month-end, some 3.54M (6.66%) borrowers remain past due but not yet in foreclosure, down from 3.68M (6.88%) the month prior
+- September also marked the first improvement in serious delinquencies (90+ days past due) since the start of the pandemic, which fell from 2.37M to 2.32M.
+- Still, 4.4% of mortgage-holders remain seriously delinquent on their mortgages, more than 5.5X (+1.9M) than the share six months ago
+- Despite serious delinquencies remaining significantly elevated, early-stage delinquencies have shown strong improvement
+
+What can we take from this is still un clear. I definitely believe we will be into a cooling trend coming in 2021 but don't know about a crash. I suggest checking out the sources I list below and staying up to date on this market. 
+
+Source: Black Knight, mortgage Bankers association.
+Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows:
+***
+
+-  Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions.  
+-  Important content should be posted as a separate thread.
+-  Be excellent to each other. 
+
+***
+
+Thank you in advance for your participation. Enjoy!
+
+Hey everyone!
+
+  
+First let me give you some background. I live in Mexico, I'm a scientist (Biotech), but science is the least priority in Mexico, never the less I'm one of the lucky ones in Mexico, because only 10% of the population in Mexico makes more than $440 usd a month ($10,000 pesos), and I'm currently making around $500 usd a month.
+
+You might think, $500 a month and you are part of the top 10%?, yup, that's life in Mexico.  
+I already spent 6 years in college, I'm totally willing to spend another 10 years learning a new skill if that means at least making more that $500 usd a month.
+
+I've been studying technical analysis for the past year, and I've been trading on a paper account for at least 6 months, but I'm nowhere near profitable.
+
+Yes, I'm setting a stop loss, yes I'm only taking at least 1:3 risk reward trades, yes I'm only risking 2% per trade, but I'm still loosing money.
+
+Is it possible to make a decent living trading Forex?  
+I know one year of experience is nothing, I didn't learn to play the guitar in a single year, but I wonder if I'm better spending my next 10 years in another skill like marketing, or something else.
+My wife and I have been investing in rentals and fix n' flips for the past 7 years. 
+
+I've been able to keep up with it as a side hustle, but it's becoming too much to keep on the side. 
+
+What do I need to know and account for in going full time? The biggest change appears to be buying health insurance.  What other advice would you give someone about to start on their own?
+I came across a mint article explaining Coverd bonds today. From the article they seemed like a good investment Avenue as they are giving higher interest rates currently and are backed by a trust which gives priority to buyers ,plus it mentioned something called as credit enhancement where covered bonds have higher credit rating than the issuer.
+
+Just wanted to understand if someone has looked into these in this sub, and if they are a good Avenue to explore given the current low rates scenario. Thanks
+Hey guys,
+
+A lot of people have been concerned about the shills and all the other trash that is going on with the subreddit. I just wanted to state a few brief observations I have made about this community since this has all started. You see, back when I was a boy in the U.S. I joined the Marines and spend a short period of my life in the service. I don't want to do dig into that, this post isn't about me. This is about you.
+
+I just wanted to let you guys know that I have never seen a more amazing transformation of worthless apes in my entire life. Fun fact, basic training is 3 months long if you enlist in my branch of former service.
+
+You apes have been sharpening your teeth for longer than this. Studying, mastering, learning about charting and preparing. The level of talent brought to the table; personally has blown me away. I honestly wish I got any kind of training this detailed during my time in the service. I have grown more wrinkles in my brain more during this entire period of time, than in any point in my entire life. It's not easy to teach a group of crayon eating apes how to basic tasks, but it absolutely can be done.
+
+If it only takes three months to turn a worthless sack of shit, such as myself; into a trained, fit and motivated Marine... These hedgies have no idea what they are in for when you guys continue to beef up your knowledge and grow closer and closer as a community.
+
+I like the stock and if I may be allowed a brief moment of cockiness... Hedgies, when a Marine is committed to his task, he does not fail. I will not waiver, you cannot break my focus. My mission and purpose are clear. I will hold my shares until the task is finished. The mission isn't over, but rest assured. I'll be there holding tight when it is.
+
+Semper Fidelis is latin for always faithful. Be true to that my fellow apes.
+
+💎🙌
+
+Edit: Some minor grammar shit because I lodged a crayon too deep in my nose.
+Just wanted to share my progress. 27M single living in H/MCOL and making $100k/yr. I max out my 401k and IRA and try to put in a little in taxable every month. Recently passed the 100k NW and here are the details - 
+
+*Assets*
+
+Checking - $10k
+
+Savings - $21k
+
+Retirement: 401k - $27k ; Roth IRA - $23k ; HSA - Health plan not eligible
+
+Taxable brokerage - $23k
+
+Crypto - $1800
+
+*Debt*
+
+CC: $1300
+
+No other debts
+
+Total assets ~ $104k
+
+*Monthly expenses*
+
+Rent and Utilities: $900 (Sharing an apartment)
+
+Groceries and Dine out: $150
+
+Misc: $100
+
+I little background I got my Masters and started my journey in Fall 2019. I’ve been grinding at my job ever since and got raised from $70k to $100k/year. I live a minimalist life and try to avoid over-spending and save as much as possible. I don’t have a car (yet, considering buying it next year).
+Only thing kinda worries me is I feel I’m sitting on a lot of cash as I don’t have much expenses so even after maxing all retirement accounts I’m still left with cash that I don’t know what I should be doing. With market at ATH, I don’t feel like putting a lot in the market. Would you recommend diversifying elsewhere like the housing market or any other assets? Any other feedback is always appreciated! 
+
+Thank you all for your posts which helps me a lot and also keeps me motivated so just wanted to celebrate my milestone with you guys! Love y’all.
+I know many of us disagree on many things. We all have our favorite pet projects and argue about everything from proof of work versus proof of stake, to store of value versus medium of exchange. Some of us are into defi, for others its NFTs; maybe it's meme tokens that float your boat, or just plain old electronic cash.
+
+But I like to believe we also all share something in common. We believe in the power of crypto. We believe in what it represents and what it can one day make possible. But it's not just going to happen on its own. The future isn't going to be handed to us on a silver platter and it's going to take as many of us as possible to fight the powers that be and make our voices heard.
+
+I'm not proposing we take down the fed tomorrow, but what I am talking about is something much smaller, something I'm hoping you can help me set right.
+
+The other day I posted [here](https://www.reddit.com/r/CryptoCurrency/comments/qyb6zt/an_open_letter_to_johnny_lyu_and_kucoin_exchange/) about the exchange Kucoin. I explained how they've been holding \~$50K of my BCHA (aka XEC on every other exchange) for over six months without letting me withdraw. I shared emails showing how they've given me nothing but the runaround since May, and how Kucoin themselves had [announced](https://www.kucoin.com/news/en-kucoin-will-support-bcha-upgrade-0820) their support of this project 3 months ago, causing me and others to buy even more.
+
+[People's exchange my ass.](https://preview.redd.it/qwcsz21p09181.png?width=1370&format=png&auto=webp&s=85286d659c2edec9267f65c9b0496e13e328e285)
+
+But they've failed to live up to their word.
+
+While I was thankful to see so many kind and supportive comments, giving me hope for the crypto community at large, I'm sorry to say Kucoin still has yet to tell me when I'll be able to withdraw my coins.
+
+To those who suggested I just sell my BCHA and withdraw in USDT, the fact is I can't because there is no liquidity left. Who wants to buy a coin on an exchange if you can't withdraw, and I hold enough coins that I would have to sell for cents on the dollar if I did. Not to mention I'd just be passing off the problem to some other poor soul.
+
+But what's most important is that I shouldn't have to do any of that. And giving up would just be letting Kucoin off the hook, which I'm not about to do.
+
+So I'm asking for help from the wider cryptocurrency community. I want to believe that people in this community, more than any other, understand the difference between right and wrong and believe in a sense of justice in this world.
+
+I'm asking you to help me right this wrong, and share this post with as many people as possible. My goal is to reach the top of this subreddit and send a loud message to u/Johnny_Kucoin (Johnny Lyu, CEO of Kucoin) that his exchange can't get away with this.
+
+At this point I know that \~$50K of my money is probably gone, but I want everyone in crypto to hear about this so they understand the type of exchange Kucoin is. Because if they can steal my money, there's nothing stopping them from doing the same to you.
+
+I for one am tired of industry players who give crypto a bad name. It's time to call out bad actors and send a message to these companies that they must treat their customers right or we'll simply move our business elsewhere.
+
+I know this is a longshot, but I'm asking you to spread the word, because I am confident that this space is full of amazing people who believe in supporting each other and holding bad actors accountable.
+
+I'm not a vindictive person. I don't want Kucoin to go out of business. I just want them to do the right thing and make sure others aren't cheated out of their money like I was.
+
+Thank you for reading and best of luck to everyone.
+A lot of people, especially in this subreddit, try to rationalize the extreme rise in house prices over the last decade and over the last 2 years specifically. They cite seemingly valid reasons such as lack of high density zoning, permit restrictions, low building in the past decade after the 08 bust due to developers' wariness to overdevelop, NIMBY's, etc. However, this extreme rise in house prices is happening EVERYWHERE in the first world, not just the USA. I cannot believe that the above reasons are universal worldwide, as countries must have different zoning and construction laws. So what is the true reason of the rise in house prices we are seeing? It must be something else than the above.
+
+My suspicion is: Is it as simple as low interest rates + the oversupply of money created by the FED (inflation)?
+Let's say I buy an investment properties with intent to rent it out. If all monthly expenses (Mortgage, Taxes, Insurance) come out to $1000/month, but I'm able to rent the place out for $1300/month, what are the downsides to this?
+
+Isn't that just $300/month of cash flow?
+
+Assuming I put only like $20,000 down, that is sort of like 300\*12/20000 = 18% ROI each year. 
+
+Am I over-simplifying this?
+
+Sorry if I sound Naïve, but I'm only a week or two into my research of real estate investing. Thanks!
+What's up Apes, Boner here; Noticed something interesting and this could explain the slow bleed and max pain tracking we've been experiencing not too long ago...even still today.
+
+Jumping right into it I noticed a post of a Screenshot from a BBT showing BlackRocks GME Q3 position...  I noticed they dropped from 11,000,000 shares to then having 9,000,000 shares to now owning 7,000,000 shares.... so I started asking around for answers, why would they be selling off there position.
+
+Link to the BBT post
+
+[https://www.reddit.com/r/Superstonk/comments/p5o7o6/price\_has\_been\_suppressed\_thanks\_to\_blackrock/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/p5o7o6/price_has_been_suppressed_thanks_to_blackrock/?utm_source=share&utm_medium=web2x&context=3)
+
+One thing to note is that RC ventures AKA Ryan Cohen is now currently the largest share hodler of GameStop.
+
+A user by the name of u/socrates6210 pointed something out to me that made me realize what BlackRock is up to...
+
+He sent me this tweet..
+
+[https://twitter.com/Charlie1337420/status/1427433898993139718?s=20](https://twitter.com/Charlie1337420/status/1427433898993139718?s=20)
+
+The tweet for those who don't have twitter has this picture
+
+​
+
+[credit to twitter\/charlie1337420](https://preview.redd.it/dykbrwwmuth71.jpg?width=828&format=pjpg&auto=webp&s=5343509742bfd713bf6eeb928ea260bb61742f9e)
+
+HMMMM so Blackrock is dumping and adding shares here and there to bring the price to Max Pain to absolutely squeeze Kenny by the balls and bleed him dry?
+
+Well yes, thats exactly what's happening here. By doing this also lowers the ceiling for margin calls (possibly). Wut Doing $344? Next time we'll find out.
+
+The tweet reads
+
+"Deep Effing BlackRock is our Max Pain Whale In BlackRock's annual report for its' ETF, it was explaining why the fund performed poorly to its' investors.   It says "GME was a deep value play entering into 2021". 11m shares then, 7m now. Max pain confirmed"
+
+So to conclude all this it seems to me like BlackRock is our Max pain whale that we've been wondering about. No surprise there; they wanna crush all competition. This also Confirms GME is a long play to BlackRock. This makes me believe that once things start picking up speed again here real soon, BlackRock is going to dog pile GME and buy up a shit ton of shares at once and help take this rocket into the stratosphere and destroy all shorts once and for all... This seems to be there Endgame play.. Let me know what you think in the comments. Im Jacked To The Tits Either Way! 🚀
+
+🚀No matter what, BUY & HODL,Hedgies Must Cover,Diamond F\*cking Hands, Moass is imminent🚀
+
+\-Boner Out ✌️
+
+Obligatory Not Financial Advice
+ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on Wall Street in 2020.
+
+In a Friday evening blog post, Wood said that despite a brutal stretch that has compelled the operators of the ARK Invest ETFs, including the flagship Ark Innovation ARKK fund, to do some soul-searching, the fund manager is sticking to her game plan.
+
+Read more: https://www.marketwatch.com/amp/story/cathie-wood-says-stocks-have-corrected-into-deep-value-territory-and-wont-let-benchmarks-hold-our-strategies-hostage-11639795224
+Essentially I was working as a contractor and underestimated the amount of taxes I needed to save. I saved 25%, needed more like 35%. I've been on a payment plan for 2 years and haven't missed a month. I'm almost done paying it. I've heard there is some sort of forgiveness plan that waives the fees for first time offenders. Does this apply to me and is there anyway I can find out more about it?
+30, \~$2MM in VTSAX, basically $0 in anything else.  
+
+I dont think this strategy is optimal, but it feels like good ROI for basically spending no mental time & effort focusing on investing.  
+
+I think there are good reasons for allocating to international markets, but I've just never bothered. Obviously the last 10+ years have been favorable to the US market, though that wasn't part of my plan per say.  
+
+Am I being dumb / reckless? Any time I look into other strategies they feel like relatively small optimizations, TBH, though I'm no expert. E.g.  
+
+* 10-30% international allocation. seems like this hedges some risk
+* 10+% bonds. seems to reduce volatility, but my horizon is pretty long so it feels like the higher returns from 100% stocks is useful.
+* active management / robo investment. seems like the benefits here are smaller than the management cost
+
+i'd appreciate any perspective here; i see a lot of folks on the internet with simple portfolios like all-in-VTSAX with <=$1MM, but not much discussion on it for larger portfolios
+​
+
+https://preview.redd.it/bgno7tui1xb81.jpg?width=2240&format=pjpg&auto=webp&s=8feee632c9293654a6b97958c1236f355e4ef344
+
+RC as Ryan is referred to in the community is in his mid-30s. He is leading the transformation at GameStop and in his interview with [Harvard Business Review](https://hbr.org/2020/01/the-founder-of-chewy-com-on-finding-the-financing-to-achieve-scale) he demonstrates 5 attributes that make him the ideal leader for GameStop.
+
+https://preview.redd.it/iadp4tvc2xb81.jpg?width=1602&format=pjpg&auto=webp&s=2e3ceb1ce778369cab66fa91449232b7dc2cd6c3
+
+**PASSION**
+
+RC initially had wanted to disrupt the online jewelry industry, but on a trip to his local pet store he realized he was much more passionate about pets. Passion is a defining characteristic for visionaries and game changers, just look at what Steve Jobs accomplished with Apple and what Elon Musk has done with Tesla. With over one billion dollars in cash ($1.413 billion to be exact as of the last earnings call on 8DEC21), GameStop is expanding its retail business to include a greater number of tech products while always ensuring that customer satisfaction is the highest priority in the company. *(I personally had an experience with the company and both RC & the SVP of customer service stepped in to make things right)*. Delivery times for online orders at GameStop constantly impress its customers, surpassing the capabilities of Amazon, and with the hiring of top executives from Apple, Amazon, Chewy, and more, GameStop's transformation is well underway.
+
+​
+
+https://preview.redd.it/i69isn3j4xb81.jpg?width=1574&format=pjpg&auto=webp&s=2e594a9c48680a249ae3b026d4c4e9943922f4f5
+
+**DETERMINATION**
+
+There are plenty of people with great ideas but it requires money to bring those ideas to reality and in order to get money one must preserve determination in the face of rejection. In the early stages of building Chewy, RC was turned down by many investors and when hiring talent through LinkedIn, he was also met with a cold shoulder (98% of the time). That didn't stop him though. The rest is history as you know. 
+
+https://preview.redd.it/cwxqn9kp5xb81.jpg?width=1584&format=pjpg&auto=webp&s=db32a972fd86a8c0b75b64f35cb53575df11371c
+
+**UNDERPROMISE AND OVERDELIVER**
+
+There are many CEOs, leaders, and individuals in life who talk a big game, not RC. Similar to at Chewy, RC has conveyed a similar sentiment at GameStop where he lets his actions do the talking. In the most recent [earnings](https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-financial-results-q3-2021) announcement, GameStop achieved $1.297 billion in sales for the quarter, a 29% growth from the prior year's figures. As we learn in life, the silent ones in the room are the ones you need to fear most. 
+
+As a shareholder, I love a Chairman, Board, and CEO that embrace an "underpromise and overdeliver" mindset. It avoids any disappointment and rather than wasting valuable time putting together projections amidst covid uncertainties, the GameStop team can focus entirely on growth and customer satisfaction.
+
+https://preview.redd.it/j5lm7pz68xb81.jpg?width=1572&format=pjpg&auto=webp&s=c0fb96ec9e4f64902077954fe2a40ec490c67d35
+
+**THE JOURNEY**
+
+After selling Chewy for billions RC could have retired anywhere in the world. Instead he decided to invest his own money to become GameStop's biggest individual shareholder and scale another company in an industry that he is passionate about. 
+
+As an entrepreneur myself I can relate to the above excerpt where RC points out it's not the money at the finish line that matters, it's the journey. Having the drive to organize a team of world-class employees and wanting to succeed against all odds is not part of any MBA curriculum, furthermore it's not something money can buy. Having a Chairman and leader who covets the journey more than money is what makes me sleep well at night as a shareholder.
+
+https://preview.redd.it/7yi5t7j29xb81.jpg?width=1576&format=pjpg&auto=webp&s=ac221baaf4d04a60d6b14c9be0ad3984c95e83a5
+
+**CAUTION**
+
+Lastly, being able to exercise astute judgement in all circumstances is a critical component to success.  In a recent video I watched with the ex-CEO of Overstock, Patrick Bryne tells a story where Amazon would openly state "I want to buy your company" and send in a team of more engineers than accountants to do due diligence and in the end not buy the company but instead steal their technologies. It is amazing that RC at such a young age (early 30s at the time) recognized these predatory tactics of big corporations and imposed caution over acquiescence. 
+
+This type of cleverness is what I look for as an investor and is a big reason why GameStop has not telegraphed a strategy to their competitors. Keeping the competition in the dark and being the silent one in the room is not only a smart way to do business, but also is the right way to protect your shareholders and maximize their wealth.
+
+Thank you for reading.
+
+DISCLOSURE: I am long GME.
+We know what happened to WSB...
+
+Yes,  we want new "real" members, but we also don't want an influx or shills and bots. The sub should be locked ASAP, while real apes are still in the majority.
+
+We could potentially construct an invite system to allow real people to join  but this would put a bigger workload on the mods, so I'd rather see this sub locked for entry.
+
+Or at the very least raise the Karma/account age requirements so that mew people cannot post and comment at all. And as time goes on keep raising the account age requirement so that bots who joined today dont suddenly gain the ability to post in 2 months.
+They used borrowed shares for the initial drop ($173 to $163), and then EFT shorting for keep it low subsequently ($165 to $160). They were able to due this due to super low liquidity.
+
+The last two significant price drops were announcement of CEO Sherman's planned end of tenure, and March earnings announcement.
+
+As for me, I like the stock, and buy the dippity dippity dip.
+​
+
+https://preview.redd.it/0izo4i1p0d771.png?width=1600&format=png&auto=webp&s=70bc9bf3c0cb98235d20174b2c12ab7c9058db9b
+
+Good Morning San Diago,
+
+I am Rensole and this is your daily news.
+
+Does anyone smell that?
+
+\*insert flashy intro card\*
+
+​
+
+https://preview.redd.it/24dmrozq0d771.png?width=680&format=png&auto=webp&s=6fae29623d2b0f253b5353bd1a14e6f0183dc7ce
+
+​
+
+https://preview.redd.it/e3iimxte1d771.png?width=722&format=png&auto=webp&s=fa97fe12ababd137307bfee02d882b0072ccda93
+
+RRP still at 813 billion
+
+​
+
+https://preview.redd.it/za8hi59n1d771.png?width=960&format=png&auto=webp&s=6c754dc19e2d991f2c633b1098df4564df1cf0e7
+
+The exponential floor thanks to u/JTH1 I wonder if the russel shuffle will affect this model today.
+
+Also on that note
+
+# The Russel 1000
+
+​
+
+https://preview.redd.it/9lb2dh872d771.png?width=640&format=png&auto=webp&s=0eae17a0ec74d507c6c27563d5a78470dc12d2c6
+
+Please know that due to the idea of "front running" these ETF's we may see an uptick in volume today, but the actual buying of the ETF's will happen in the after hours as far as I was able to understand from the research of others.
+
+as seen in this thread:
+
+[https://www.reddit.com/r/Superstonk/comments/o735ef/psa\_gme\_will\_not\_be\_joining\_the\_russell\_1000/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/o735ef/psa_gme_will_not_be_joining_the_russell_1000/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)
+
+We could also see if the T+21 gets triggered today or that they let them turn into FTD's
+
+But no matter what happens remember, this is the Water temple.
+
+​
+
+https://preview.redd.it/1e1073e33d771.png?width=640&format=png&auto=webp&s=a4e92a46a0c446148b7b24a6a02a72d87b167bf1
+
+So chill out and have patience.
+
+​
+
+https://preview.redd.it/qeulh9gp7d771.png?width=430&format=png&auto=webp&s=ef348d0864a9b5bda0cf945608c6339349765748
+
+# NSCC -005 delayed per the SEC
+
+There seems to be some misconceptions I've seen forming about this one, this is the NSCC-005 that is delayed, not the DTCC-005 these are two separate filings.
+
+[This is the DTCC 005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-005.pdf)
+
+[This is the NSCC 005](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-005.pdf)
+
+The NSCC 005 is for Minimum Deposit Requirement Increase Proposal
+
+​
+
+https://preview.redd.it/73j5h6sb7d771.png?width=1008&format=png&auto=webp&s=f92e8e9d23ded3bd193a71ce571b3d04a4e06b1e
+
+# Citadel was raided in Ecuador
+
+source:
+
+[https://www.eluniverso.com/noticias/politica/allanan-las-empresas-decevale-y-citadel-por-el-delito-de-falsedad-de-informacion-en-el-sistema-de-mercado-de-valores-nota/](https://www.eluniverso.com/noticias/politica/allanan-las-empresas-decevale-y-citadel-por-el-delito-de-falsedad-de-informacion-en-el-sistema-de-mercado-de-valores-nota/)
+
+Ok so I've heard a lot of speculation about this, and this is why I love our community, I've sent out a message on twitter asking for help on this, and ask and you shall receive!
+
+so lets go!
+
+Citadel in Ecuador has no ties to that we could find to Shitadel Chicago.
+
+Yes it does have the same name "Citadel" but unless a name is a trademark or something like that, that would mean I could start a company with the same name, in the same or different country without a problem, even [@Annihil4tionGod](https://twitter.com/Annihil4tionGod) checked the Lei and found no connection.
+
+\- different presidents,
+
+\- different HQ addresses,
+
+\- different logo.
+
+So until presented with different evidence, I believe we can write it off as "not THE Shitadel we know"
+
+[link to the LEI research](https://twitter.com/Annihil4tionGod/status/1408105846161170432)
+
+​
+
+https://preview.redd.it/ym0yzc3f7d771.png?width=1200&format=png&auto=webp&s=25d63bf7a79b41af7ee3d02d07a7163ba875cc76
+
+# TOYS 'r' STOP
+
+​
+
+https://preview.redd.it/g5arhce86d771.png?width=782&format=png&auto=webp&s=6d51877b19b4be097da06f8d6cf1f8ed46335263
+
+I'm loving this, purely because about two weeks ago we had the glitch happen and Toys R us had the PUR/GME logo for a day or so.
+
+But that had lead me to some rabbit hole and made a short thread here:
+
+[https://www.reddit.com/r/Superstonk/comments/nvw6kc/gme\_and\_toys\_r\_us/](https://www.reddit.com/r/Superstonk/comments/nvw6kc/gme_and_toys_r_us/)
+
+The thing comes down to a few basic things,
+
+1. toys R us is not a distraction, you can't buy their stock as it's not public
+2. backed by blackrock, the same guys who backed RC
+3. I believe the RC sears tweet may be related, as this would give a big space were they could put things.
+4. I miss Geoffrey ok?
+
+But I do believe that if they expand in that area they would become more than just videogames, they could in theory become a one stop entertainment shop. again I have nothing solid but I feel like this may be a good thing to come.
+
+​
+
+[credit to u\/Doggoonewild](https://preview.redd.it/uol465iaad771.png?width=640&format=png&auto=webp&s=50f32d9d73f05a645a7b0be03e05151d8393b123)
+
+# Citadel-Owned Centricus Appoints Adam Aron As Director
+
+On May 6, 2021, Adam Aron (of movie stock) was named director of Centricus Acquisition Corp in the Cayman Islands, a company which is owned by Citadel/Ken Griffin.
+
+you can read more about it in [this thread](https://www.reddit.com/r/Superstonk/comments/o78dhn/citadelowned_centricus_appoints_adam_aron_as/)
+
+I don't want to spread FUD or say one shouldn't hold AMC or anything but, seeing the apes general consensus on Adam Aron's twitter feed ([https://twitter.com/CEOAdam/status/1407881140371968001](https://twitter.com/CEOAdam/status/1407881140371968001))
+
+I'd do some research into this and see if it holds any truth because if our boy RC was involved with Citadel in any way shape or form I would want to know.
+
+**Addendum:**
+
+What I meant with this is that Adam Aron seems to be involved with Citadel, if anyone in GameStop would be involved (for example Ryan Cohen or anyone else) I as a shaleholder in any of their ventures, I would like to get to the bottom of it.Because, if they are involved with "the other side" I would look into it, as it seems as a conflict of interest to me.I am not saying RC or anyone from GME is involved with Citadel, sorry if I didn't make that clear.
+
+​
+
+https://preview.redd.it/ugzny6cgad771.png?width=554&format=png&auto=webp&s=8d33571a0a3ef7ac73a15bfcd0dd2e36dfd5edf3
+
+# 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.
+
+​
+
+https://preview.redd.it/st31omziad771.png?width=400&format=png&auto=webp&s=32f356ad49ebfe591100ad4991dd3ceab56f105f
+
+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)
+
+Edit 1:
+
+[Thanks to Annihil4tionGod](https://preview.redd.it/8ejays67dd771.png?width=4096&format=png&auto=webp&s=a90d3ed1a38a18de0b2e56cd054de3819bf4483a)
+
+Edit 2:
+
+​
+
+[dtcc005 be like](https://preview.redd.it/m5qsmj2bne771.png?width=800&format=png&auto=webp&s=2c7b7702698e978b37237fcc9a2f57e34d634ce7)
+
+DTCC 005 was approved last night
+
+[https://www.reddit.com/r/Superstonk/comments/o7jyho/srdtcc2021005\_was\_approved\_last\_night/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/o7jyho/srdtcc2021005_was_approved_last_night/?utm_medium=android_app&utm_source=share)
+
+​
+New year, new budget. Budget is supposed to be tabled in parliament by Finance Minister starting from 11:00 a.m.
+
+Markets to remain open, even if it's a Saturday.
+
+Gentle reminder: no political posturing. No snappy taunts. No personal attacks. Be nice and respectful to each other. Do refer to [Reddiquette](https://www.reddithelp.com/en/categories/reddit-101/reddit-basics/reddiquette) and Subreddit rules.
+
+Live streaming:
+
+Stream links aren't up yet. Live streams would be available on Parliament and Doordarshan YouTube channels. There might also be Twitter / FB streams. This post would be updated with links as and when those go up.
+
+EDIT 1: [Lok Sabha TV YouTube Stream Link](https://www.youtube.com/watch?v=-CO-n2a8axM)
+
+Other Budget Threads:
+
+- [ClearTax](https://cleartax.in/s/budget-2020)
+- [Economic Times](https://economictimes.indiatimes.com/news/economy/union-budget-2020-live-news-updates-nirmala-sitharaman/liveblog/73821278.cms)
+- [MoneyControl](https://www.moneycontrol.com/news/business/economy/budget-2020-live-updates-fm-nirmala-sitharaman-budget-speech-income-tax-slabs-union-budget-2020-highlights-budget-2020-announcements-4887601.html)
+- [Times of India](https://timesofindia.indiatimes.com/india/union-budget-2020-live-updates/liveblog/73822834.cms)
+- [News18](https://www.news18.com/news/india/budget-2020-live-updates-income-tax-slab-rate-cut-nirmala-sitharaman-union-budget-speech-time-date-narendra-modi-2481871.html)
+Year 2021 is in the books now. An interesting year for the markets, followed by an eventful 2020.
+
+Time to look back and introspect on the takeaways.
+
+In particular:
+
+ - What did you learn / experience about investing, that weren't so clear to you before?
+ - How has your portfolio performed? Any personal achievements? Regrets and learnings?
+
+ - Would you do anything differently with respect to your investing / personal finance management?
+
+ - Important investing related events you'd remember this year for?
+
+How do you plan on turning 2022 a year for your investment happiness and getting closer to financial goals?
+
+Previous threads:
+
+- [Looking back at 2020](https://reddit.com/r/IndiaInvestments/comments/kpgssk/your_year_in_review_how_did_you_do_in_2020/)
+[Source](https://www.bloomberg.com/news/articles/2021-11-05/pfizer-to-seek-u-s-nod-for-covid-pill-after-strong-results).
+
+>Pfizer Inc. said its Covid-19 pill reduced hospitalizations and deaths in high-risk patients by 89%, a result that has the potential to upend how the disease caused by the coronavirus is treated and alter the course of the pandemic. The shares surged 11%.
+
+>The drugmaker said in a statement on Friday that it was no longer taking new patients in a clinical trial of the treatment “due to the overwhelming efficacy” and planned to submit the findings to U.S. regulatory authorities for emergency authorization as soon as possible. 
+
+This is amazing news. Some are calling it the end of the pandemic as we know it. What are some moves we can make this morning? Short Moderna and Peloton? Double down on ABNB, AMEX, airlines, cruises?
+
+Taking off my investor hat for a moment. I just want to thank all the frontline health and essential workers, and the researchers and scientists who got us this far. The end is in sight.
+If Ryan Cohen tweets about purple donuts in the next month, I will get Ryan Cohens face tattooed on my butt.
+
+I have a feeling he is going to post about loving purple donuts. Let's be honest, who doesn't love donuts? I will get Ryan Cohens face tattooed on my butt if he tweets about purple donuts within the next month. Proof or ban.
+
+Edit: Left cheek dedicated to RC. Right cheek for Kenneth
+Pre-COVID I'd only ever seen Aritzia it in big city malls and in the local news when it was announced that a store would be opening in the local mall.
+
+Post-COVID, I'm seeing friends on IG showing off their Aritizia haul, talking about the Aritizia sales, etc. For a brand I'd only ever seen and heard of in passing this was out of the ordinary and that got me thinking.
+
+What's the deal with this company and why am I hearing so much about it all of a sudden? Retail is closed, malls are locked up, and these businesses are supposed to be getting absolutely clobbered, right? Was it just me noticing this brand all of a sudden or is it actually real and are people buying from them?
+
+My theory was that if people are going to online shop, they're going to google the retailer then go to the retailers website. Based on that theory, there should be a correlation between Google searches and sales.
+
+So what does Google say?
+
+[More people are searching Aritzia on Google now than any time in the last 5 years outside of Christmas.](https://trends.google.com/trends/explore?date=today%205-y&q=aritzia). Also, the spike at Christmas helped confirm the theory regarding searches equaling sales, since Christmas is *the* time for retail.
+
+Initially I thought "Well duh, people are bored and have credit cards and are buying clothes online." I know I'm guilty of that. To do a little comparison, I checked out how many people are searching a few other big mall somewhat nice fashion retailers.
+
+[Banana Republic](https://trends.google.com/trends/explore?date=today%205-y&q=Banana%20Republic) is at a 5 year low. 
+
+[JCrew is also](https://trends.google.com/trends/explore?date=today%205-y&q=JCrew) is at a 5 year low.
+
+[How about H&M?](https://trends.google.com/trends/explore?date=today%205-y&q=H%26M) They're at 51 versus 47 last year. Not a significant difference IMO, but pretty decent considering the happenings.
+
+[Uniqlo](https://trends.google.com/trends/explore?date=today%205-y&q=Uniqlo) is being searched less than it was in the last two years.
+
+The only fashion brand I found that had a comparable spike in searches was [Lululemon](https://trends.google.com/trends/explore?date=today%205-y&q=lululemon).
+
+Seems like the talk is real, so I searched /r/all for Aritzia for shits and gigs and [found this post](https://np.reddit.com/r/Fedexers/comments/fxiu24/aritzia_and_wine/) from a subreddit for Fedex employees talking about how in Vancouver they're being crushed with Aritzia and wine orders. It's not packages from The Bay or Banana Republic or Lulu any other brand. It's Aritzia.
+
+Aritzia is trading around $14, down from $26 pre-COVID and didn't have anything remotely resembling same kind of rebound as Lululemon which is at $206 USD, down from $263 USD.
+
+From what I see, it looks like Aritzia is doing a massively better than their competitors in terms of traffic (and hopefully by extension sales) and I don't think their stock price reflects that. I'm definitely going to be buying more tomorrow AM.
+
+TL;DR: Aritzia good buy
+It seems like a simple strategy to me, it's based on the 5-minute timeframe and uses the data from 5 indicators. 
+
+The basic parameters that have to be met to go either long or short: 
+
+1. when price < 200ema + stochastic crossed at 20>stochastic>0 + 2 green supertrend values = LONG
+2. when price > 200ema + stochastic crossed at 100>stochastic>80 + 2 red supertrend values = SHORT
+
+Stop loss & tp placement: 
+
+SL: supertrend (settings: 11, hl2, 2) value on entry candle.
+
+TP: Same % as the stop loss (keeping a 1:1 risk-reward ratio)
+
+Here is a link to a google document where I explain the strategy in a bit more detail: [https://docs.google.com/document/d/1ZZFo90OT0qTnEaSDeLAjt\_JGYTpWosq3/edit?usp=sharing&ouid=102703224762768474213&rtpof=true&sd=true](https://docs.google.com/document/d/1ZZFo90OT0qTnEaSDeLAjt_JGYTpWosq3/edit?usp=sharing&ouid=102703224762768474213&rtpof=true&sd=true)
+
+Thanks in advance guys!
+Correct me if I am wrong. But it seems to me that it may be easier to build an algorithm to predict Etfs than stocks.
+
+My rational is that since they are a combination of stocks, they will find the average behaviour of stocks, which may be more predictable.
+
+Single stocks can be noisier, I would say. Noisier in the sense of behaving more unexpectedly. Maybe the factory of a company exploded, causing that stock to fall sharply. That would be very unpredictable, and impossible for an algorithm predict.
+But if we looked at the ETF, since the other companies didnt explode, the ETF wont have this noisy unpredictability.
+
+So, yea. I will try to test whether I can find better algorithms to predict Etfs. And maybe from the Etfs also use that data to help predict stocks. For example, use a tech ETF data to help with the predictions of Microsoft.
+
+Makes sense?
+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.
+
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+
+# 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*
+How do people deal with the golden handcuffs, meaning jobs that pay quite well but make you totally unhappy. Im in this situation at a large bank. Im 37 and have a family with 3 kids. I make quite a bit at my job and also have 31 rental apartments with a business partner. Currently we don't take any profits from the rentals. We just reinvest profits into more apartments. I would love to quit my day job but even if we started taking rental profits it would be SIGNIFICANTLY less income than my day job. Like maybe 25-30% of my current day job income. Plus I would lose insurance, retirement match, etc. Sure we could live on the rental income but it seems selfish to throw away a high paying job and force my family to be much less secure financially just so I can avoid a job that I hate. I feel like I need to suck it up in order to give my family more opportunities in life.
+
+My day job has been bad lately but in normal times I'm working only 40 hours a week, no travel, etc. So its not like my family is suffering at all due to my job. I just find it pointless, stressful and soul sucking and I hate spending such a large portion of my life doing something I hate. 
+
+My wife's job brings in minimal pay, like 1/8 of my pay so I'm pretty much supporting the family. Which compounds my feeling of needing to suck it up. Is there any way out of this? How have others dealt with this feeling?
+
+Edit: thanks for everyone's suggestions and comments. I haven't read them all yet but I've read a lot and I appreciate all the feedback. I will digest them all tonight but I can say I've already read a lot thats made me think and take perspective. Thanks!
+Two points
+
+1. **Safety**: In last few weeks I see increasing awareness of vechile safely in my circles. All thanks to NCAP ratings. People are surprised to see that vechicle they own hasn't performed as per their expectation (ex: Kia Saltos). Tata has obviously done very well along with Mahindra. As such discussions spread, more people may prefer safer Tata cars. 
+2. **E-vehicle hype:** We all know of rally electric vehicle stocks are seeing in US. Tata stock, despite having capibility and product to offer (Tata nexon EV, 14L+, cheapest/safest) hasn't gotten benefit of the hype. Recently there has been a news about govt priritizing E-vehicle. That havent yet been priced in the stock as well.
+
+Also, tata is Indian company. So it may get swadeshi advantage.
+Couple of years back this forum helped me in deciding between Mutual Funds and direct stocks. I need  another help now.
+
+My father has been noting down day to day expenses from past 30 years or so in his diaries. Recently when my income has stopped, I  realized that my spending is going out of hand and thought I would like to track my expenses. Any apps or google sheet which you guys would recommend. I would prefer a app which works offline.
+
+Edit: I have found monito to be quite straight-forward. I don't use credit cards and most transactions are debit and cash. Will try something with Google sheets in future and create an interface to interact and customize once I ma done with my current project.
+I'm currently on a gas plan paying 2.89p/kWh with Octopus. Their new suggested plan that they want to put me on is a fixed 12.61p /kWh!?!?!?! Surely something isn't right that they're increasing it by over 400%?
+
+And then electricity is going up from 16.13p/kWh to 40p/kWh. Are the prices in the UK really just this bad at the moment? Bills will be over £3500 with these new tarrifs
+A few weeks ago I was stopped at a red light when I was hit from behind by a driver that had failed to stop. I was shoved forward into the car ahead of me, causing damage to the front and rear of my vehicle. All the fault was put on the drive behind me. My car was a 2013 Subaru Crosstrek with 95,000 miles.  It had additional features including a backup camera and a 2 in. hitch installed and a very good maintenance record. 
+
+My car was determined to be totaled. I am being offered $14,000 for the value of the car. This is not even close to the cost of a replacement vehicle especially with vehicle prices how they are right now in the US. If I accept this offer I will have to put in a couple thousand dollars of my own to buy an equivalent car or buy a car with 150,000+ miles.
+
+I looked through the Market Valuation Report given by the insurance company and it seems like they are subtracting $1800 in value from each car they compared my vehicle to. When I asked them about the $1800, they said each car is a dealer vehicle and because every dealer puts a new windshield and tires on the car the actual value of the vehicle is $1800 less. That is completely wrong because private and dealer vehicles both appear to sell at the same price. I am assuming if new tires and windshield are put on, the cost for that and profit for the dealer is covered by dealer fees.
+
+They told me a could challenge the price by showing comparable cars I find through my research. However, they said they had to be dealer vehicles. Obviously, they would just knock $1800 off the value of the car and end up again at $14,000. An additional $1800 would make the difference between me having to put in my own money or not.
+
+I really liked the car and I don't want to put in my own money or get a downgraded car when the accident was not my fault. Both I and the driver at fault were insured, and I am going through the insurance of the driver at fault. I have tried working with both insurance companies and neither wants to budge. What are my options at this point? Do I have to accept their offer and put in my own money to get a comparable car?
+✅The token is 100% RUG PROOF (FULL liquidity locked and contract renounced after pre-sale eends), team wallet is non existent, yep 0% Dev/Team tokens. Get in early and secure your 100x chance. Liquidity is automatically locked after pre-sale ends and contract will be renounced.  
+
+
+The term community controlled token gets thrown around a lot lately. But with a 0% Dev/Team token allocation this means the community literally does control the future of the token. There actually is nothing to dump or rug so it's the safest a BSC token can be!  
+
+
+💥The Open DxSale Presale is launching very soon (within 24 hours) so join the telegram group for the most up to date info and don't miss the presale. CMC, CG, and WB listing coming soon along with an audit!  
+
+
+🧨Because there is no Marketing/Team Tokens, the Devs have been making deals and partnerships with a whole lineup of influencers on Tiktok, Instagram and a couple of Youtubers all out of their own pocket. They will activate these promotions one by one after the presale is over and PCS is Live.  
+
+
+💎5% of tokens are redistributed to holders each transaction  
+
+
+💸3% of tokens are redistributed to the liquidity pool  
+
+
+🚀1 quadrillion supply, of which 46.2% was burned instantly.  
+
+
+💎 Liquidity locked automatically by DXSALE!  
+
+
+📝🔒 Contract will be renounced after pre-sale!  
+
+
+💎 Dev wallet 0%  
+
+
+💎 Don't miss the hype train! And as always DYOR !  
+
+
+🌎Website: [https://solaristoken.com](https://solaristoken.com/)  
+
+
+🌎Telegram: [https://t.me/SolarisTokenBSC](https://t.me/SolarisTokenBSC)  
+
+
+✅ Contract: [https://bscscan.com/address/0xFC95b8a3165bdC42b4E11008eD35aCf93E0B16b0#code](https://bscscan.com/address/0xFC95b8a3165bdC42b4E11008eD35aCf93E0B16b0#code)  
+
+
+🔒 Liq Locked: automatically locked after pre-sale!  
+
+
+📝Pancake Swap: after pre-sale
+I know a lot of us are getting tired of getting rugged, asking "Wen Moon" in all chat, losing money on other shitcoins.
+
+I always ask to myself, is there any low marketcap coins that I can invest without worrying its performance for days to come and with a valid use-case?
+
+But then I stumble upon a token that reignite my passion and determination of hodling for weeks and months to come.
+
+I'm about to introduce to you a 3-week old project with a lot of potential in upcoming days for you to buy without hesitation.
+
+​
+
+🪐 INTRODUCING..... 🪐
+
+💫 **SafeGalaxy Your Biggest Intergalactic Static Liquidity Protocol 💫**
+
+​
+
+💫 *About the SafeGalaxy 💫*
+
+Awesome team of devs from USA and Canada.
+
+Weekly AMA with the devs to show your support and ask questions regarding SafeGalaxy, they are doxxed too.
+
+GalaxySwap in development where it work exactly as PancakeSwap with LP to stake and forget!
+
+Airdrop of Galaxia, the new coin for staking in GalaxySwap so you can grow more SafeGalaxy over time.
+
+Growing community of 50k holders which are very helpful in Telegram and Discord
+
+There are a lot of room to grow in few weeks and months.
+
+Listed in CoinTiger and SWFT, CoinMarketCap and CoinGecko is still pending (you are not late!)
+
+[https://coinmarketcap.com/currencies/safegalaxy/](https://coinmarketcap.com/currencies/safegalaxy/) (not fully listed)
+
+​
+
+💫 *\*Tokenomics\** 💫
+
+Every transaction takes a 10% fee.
+
+5% reward to holders
+
+5% locked to LP
+
+All Liquidity Will Be Locked For 5 Years.
+
+​
+
+✨ Charts: [https://goswappcharts.web.app/?isbsc=true&tokenId=0x6b51231c43B1604815313801dB5E9E614914d6e4](https://goswappcharts.web.app/?isbsc=true&tokenId=0x6b51231c43B1604815313801dB5E9E614914d6e4) ✨
+
+✨ [https://poocoin.app/tokens/0x6b51231c43B1604815313801dB5E9E614914d6e4](https://poocoin.app/tokens/0x6b51231c43B1604815313801dB5E9E614914d6e4) ✨
+
+✨ BscScan: [https://bscscan.com/token/0x6b51231c43b1604815313801db5e9e614914d6e4](https://bscscan.com/token/0x6b51231c43b1604815313801db5e9e614914d6e4) ✨
+
+✨ Proof of Liquidity Lock: [https://dxsale.app/app/pages/dxlockview?id=75&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=75&add=0&type=lpdefi&chain=BSC) ✨
+
+✨ Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6b51231c43B1604815313801dB5E9E614914d6e4](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x6b51231c43B1604815313801dB5E9E614914d6e4) ✨
+
+​
+
+✨ Website: [https://www.safegalaxy.net/](https://www.safegalaxy.net/) ✨
+
+✨Twitter: [https://twitter.com/SafeGalaxyToken](https://twitter.com/SafeGalaxyToken) ✨
+
+✨Discord: [https://discord.gg/bFwfUdRFZj](https://discord.gg/bFwfUdRFZj) ✨
+
+✨Reddit: [https://www.reddit.com/r/SafeGalaxy/](https://www.reddit.com/r/SafeGalaxy/) ✨
+I discovered FIRE about 6 or 7 years ago. At first, I was obsessed with it. I read all the blogs, tried all the super-frugal tips, made plenty of excel spreadsheet projections, checked my investment balance daily, etc. But after a while, it became repetitive and my interest waned. There really wasn't much to this whole FIRE thing. But no matter how boring or repetitive the content on this sub was, I checked it every day because my thoughts always drifted back to FIRE.
+
+FIRE was hope for me. Every day I woke up and as my consciousness miraculously reconstituted itself and I recalled who I was, where I was, and what I'd soon be doing with this precious and limited gift of life I'd once again been granted, there was a 5 out of 7 chance my first thought would be "*Oh god...not another one of these...*" My job was miserable, but the people who set the salary knew it was miserable and paid appropriately high amounts in order to keep some poor schmuck doing it. The dominant, rational part of me rejected changing careers or fields. *Maximizing your earnings is the most efficient way to minimize your career length. You can endure this!* So whenever work became too much to bear, I always found myself fantasizing about FIRE. The day I could buy my freedom. The day I would own myself.
+
+Somehow I made it six years on pure fumes and cynicism. Looking back, I'm not sure how I did it. I'd always planned to make a "I just RE'd!" post here and get told to go fuck myself. But the moment I retired I just allowed myself to be swept up by life. I let my whims guide me for the first time in over a decade, rather than carefully rationing out available time. I started doing things I "didn't have time for" before. I started writing for fun, I paid more attention to relationships I'd been neglecting, I played the same video game 3 times through back to back just because I wanted to, I went down wikipedia rabbit holes for hours, I and a friend became obsessed with a board game and sunk over 100 hours into it (and counting), etc etc.
+
+Today was the first time since I RE'd two months ago that I remembered that I used to be really into FIRE. *Used to*. As soon as my career was out of the picture and my hope was realized, I had no further reason to fantasize - I was living it. Upon returning to this sub and browsing through these familiar-looking threads, I found they held no appeal to me. If anything, they make me feel uneasy. They remind me of a bleaker time.
+
+I'm not sure if I made a mistake. Maybe I'd have been better off on the whole if I'd taken a lower-paid, less miserable job. Maybe it would've made those years easier to bear. But if I did that, I wouldn't be retired right now. And I wouldn't wake up each weekday with a smile, deeply appreciating just how lucky I am.
+I'm so sick of people telling me to not only want to go into IT for the money, and instead choose something I like to do. Since covid, finding a job that I am passionate about has become very difficult. I feel like it shouldn't be looked down upon, pursuing a career just for the money it brings, because some people just want financial freedom more than anything and that's ok to want.
+
+Am I thinking too much and change my job or should I stay worth my current job?
+
+If you could get your dream job with an ideal salary, What would it be?
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all).
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+I've started a new job recently in a smallish company and everyone is super friendly and chatty with each other. They like to ask all sorts of questions, from what you've done over the weekend to where I live and who I live with. The truth is I'm a 26 year old with one property let out with around £100k in a stocks ISA and I frugally save up all of my salary. There seems to be an expectation to have these 'weekend stories' for work but I rarely have any exciting stories to tell as I have a habit of frugal spending whilst they're going out to fancy restaurants and shopping at Waitrose. I can't get over this 'lifestyle inflation' trap but at the same time I don't want my coworkers to think I have a lot of money.
+So I’ve been doing some back of the envelope math, and am thinking that if you live in the West Coast, Northeast, Chicago, Honolulu, or Denver, you need to be literally made of money and sweat solid gold to ever even dream of home ownership.   
+
+So where I live, of the three city / county areas I’d want to live to not be an hour away from work, and even looking primarily in areas with bad schools for...reasons, the average house cost is $500k for a WWII era run-down shoebox of around 1200 square feet.  And we don’t even crack the top 10 list of most expensive areas!
+
+Going by PF logic, I then need:
+
+* 20% downpayment = $100k
+* 3% closing costs = $15k
+* 1% of the cost of the house annually for repairs = $5000
+* Property tax, school tax, asshole tax, you-lookin’-at-me-kid tax, etc:  $925 a month or $11k annually
+* Mortgage payment and insurance: $2500 per month or $30k annually
+
+Then you need 6-12 months of expenses saved for an emergency fund.  So call it 12 to be safe, and we need $30k mortgage + $11k taxes + $5k repairs + $36k other living expenses = $81k.  
+
+So let’s add all these up and see how much we have to save before we can buy our first (crappy, 1200 sq ft, WWII era) house!  
+
+$100k down payment + $81k emergency fund + $15k closing costs + $5k repair costs = **$201k**.  Just to get in the door and still owe $400k!  
+
+Let’s say the average person can save 10% of their monthly after-tax income.  How long does somebody have to save before they can responsibly dream of owning a house?  
+
+
+* Let’s say you make the US median of ~$50k.  At $50k salary = $35k take home = $3500 annually — a mere **54 years**!
+* Oh, well, what if you make more?  How about $75k, the median for an individual with a doctorate degree?  **38 years**.
+* Or what if you have an MBA and make the median $100k that folk with Professional degrees make?  **29 years**.
+* What if you’re in the top 1.5% for income and make $200k annually?  **11 years!**
+
+Even if you can save 20% of your after-tax income, you’ll just cut these numbers in half.  
+
+What is the average time before changing jobs?  Well if you’re above 25 and relatively stable, between 70%-87% of people will still change jobs within 5 years.  So you’re between 10% and 45% of your house-saving goal by the time you’ll get a new job and have to relocate anyways.  
+
+Conclusion:  homeownership in highly populated / coastal areas is essentially impossible for 99% of the population to strive for “responsibly.”  
+
+Judging by the numerous all-cash no contingencies offers the crappy shoeboxes all around me get within 48 hours of listing, I’m going to hazard a guess that either nobody is buying a home “responsibly” or the rich are buying up literally every property everywhere and we’re all doomed to be serfs to wealthy landowners forevermore.  And that is my cheerful thought of the day!  :-D 
+
+Thoughts from folk here?  
+Hi fellow investors
+
+I'll be moving to US for work in few months from now. At least for a few years, if not more. Currently I have a decent corpus in India (from my 8-10 yrs of work). Let's just say, relatively speaking, It will take me 2-3 yrs of saving in US to get to the corpus I've here in India right now (not considering growth over time).
+
+I've a few bank accounts, Zerodha account (use both, KITE and COIN), PPF, NPS, etc. Once in US, I'm planning to exclusively invest in ETFs/MFs there (at least initially), while maintaining the proper asset allocation in my Indian corpus.
+
+Even though I'm not planning to move money from US -> India right now, I want to make sure I've mechanism in place to do that.
+
+What kind of setup should I have in place to achieve all the following use cases or possible situations?
+
+My use cases/possible situations:
+
+1. All my money is in stocks/mfs in zerodha and in a few bank accounts + PPF, NPS. I rotate the money that is already within India for consolidation; yearly investment in PPF, NPS; any family emergencies and need. For money I earn in US, I invest within US via brokerage funds
+2. From my earnings in US, I send some portion to India for investments, or emergencies, etc.
+3. From my current corpus in India, I bring money in US to invest here (very unlikely, but a non-zero possibility)
+4. If I decide to move back to India, I might either want to maintain my corpus (ETFs, MFs, stocks, 401k, Roth, etc.) in US itself or sell it and bring it India
+
+Is there any other use case I'm missing here? Please let me know from your experience?
+
+Right now, I'm thinking:
+
+* In India - 2-3 bank account (haven't converted to NRO/NRE yet), Zerodha + PPF and NPS account
+* In US - 2-3 bank accounts. One of them with Charles Shwab since it has global brokerage account as well in case of possible situation #4
+
+**Main question is around different kind of accounts I should have in both, India and US, so that all possible situations are covered. What kind of financial infra I should setup to facilitate each of the above-mentioned use cases and avoid lightbulb moments about it later.**
+
+**EDIT - This is a very illuminating post for Indians moving to US -**
+
+[https://www.bogleheads.org/wiki/US\_tax\_pitfalls\_for\_a\_non-US\_person\_moving\_to\_the\_US](https://www.bogleheads.org/wiki/US_tax_pitfalls_for_a_non-US_person_moving_to_the_US)
+
+[https://www.bogleheads.org/wiki/Non-US\_investor%27s\_guide\_to\_navigating\_US\_tax\_traps](https://www.bogleheads.org/wiki/Non-US_investor%27s_guide_to_navigating_US_tax_traps)
+I was going to write this all as a reddit post, but it got a bit long, and I wanted to add some picures,
+ so I put it on Medium. This is a truncated account of some bad trading activity from mid-2016 to early 2017. Happy to answer any questions.
+
+[Million Dollar Trading Mistakes, For Your Entertainment and Edification](https://medium.com/@Edward_Giraffe/million-dollar-trading-mistakes-for-your-entertainment-and-edification-e9bbf9675a8b)
+
+*Edit: Dang, this got popular fast. Even landed on Hackernoon! Thanks, Reddit. Find me on [Twitter](https://twitter.com/Edward_Giraffe) for more fun and crypto.*
+From ARK Invest's Twitter: 
+
+>CNBC may have a 40 minute time horizon, but ARK's is 5 years. Thanks for having us on CNBC, we're happy to pay for your upgraded Zoom account. You can't be a knowledge worker without it! 😉
+
+This is after Cathie Wood's 40-minute interview on CNBC earlier this morning. During the interview, CNBC's Zoom Account showed a timer warning that their 40-minute mark for their free Zoom subscription call was about to run up. 
+
+Zoom is one of the largest positions for Cathie Wood and has been one of her highest conviction names according to recent videos
+>Ray Dalio’s Bridgewater Associates spent weeks earlier this year tweaking its investment models to account for unprecedented government stimulus and the worsening pandemic. That hasn’t helped performance.
+
+>The flagship Pure Alpha II fund has lost 18.6% through Thursday, according to a person familiar with the matter. That’s little changed from the decline it reported through the end of August.
+
+>This year’s loss in Dalio’s main fund is shaping up to be its worst ever, putting him far behind other macro managers who have posted strong gains in 2020.
+
+>Delaware public pension has liquidated $180 million investment.
+
+https://www.bloomberg.com/news/articles/2020-11-06/bridgewater-loss-stuck-at-18-6-in-main-fund-after-model-tweaks
+First let me say I am making this post in response to the amazing and overwhelming comments I received as a result of my comment on another post. You guys are all amazing. I waited until my wife was home and she's here with my as I type making sure I don't miss anything and also to fact check when I exaggerate as I have a tendency to do.
+
+TL;DR: I was a middle-class suburban bum who didn't know anything about money and my wife came from nothing and her work ethic and ability to organize money led me to pay off my student loans last week
+
+Now to get an idea of both myself and my wife I'll give you a little background. I came from a typical Middle Class, suburban American family. My mom is a nurse and my dad has done everything from own a chair factory to delivering dental supplies, but we always were pretty well off. This is also partly due to my father's family being very wealthy and allowing him to inherit the money to buy his home with zero mortgage. Financially, I was taught little or nothing growing up, everyone is aware of the lack of financial prep in the US school system, and my family treated money as a sort of "dirty" topic. If you did something for free you were "clean" and "noble" if you did things outright for the pay it was "mercenary" and not considered good. When I was told to look for careers both me and my siblings weren't told "make sure you can make a living and take care of yourselves" but "do what you love, the money doesn't matter" and the classic "money doesn't bring happiness". It took me years to learn that a lack of money can certainly bring UNhappiness.
+
+So, as a result, I found myself making a series of financial mistakes my whole life. Everything from not opening a line of credit (I thought I was "beating the dirty bankers") to develop my credit score, to repeatedly overdrawing my checking account to be hit with $500 overage fees AND additional $25 late on paying the overage fees-fees (Once I owed up to $2000 without realizing and only by pleading with both the bank to reduce it to $1000 and my mom to pay it off did I escape that fiasco). And I never really learned. After moving out of the house I did get used to checking my checking account to make sure I had enough money to pay various bills and rent, though I do remember forgetting a few times and having my water shut off. Long story short I found myself an adult with no career, $80,000+ in student loan debt, and zero idea of how to progress.
+
+Now my wife's story is about as opposite as you can get. She was born in Thailand. Her mother was from an extremely poor farming family who sometimes had one bowl of rice to share for the whole family for the day. Her dad was a little better off with a more middle class family and worked as an electrician of sorts. My wife's mother was his second marriage after he drove the first wife off and it was an arranged marriage that my wife's mother did not was to do. She has an older half sister from her father's first marriage (who is a mess) and her father did NOT want another girl, he wanted a boy. In fact her nickname to this day is "Bee" stemming from her being "Plan B" or "If it's a boy, his name is A, if it's a girl she's B".
+
+That theme sort of continued while she was young. Her sister was given as much as the family could support, being the oldest, and had all the normal things like schools supplies and even had her university studies paid for by their father (she dropped out). My wife on the other hand had to make due with hand me down clothes that her mom would sew deep hems in the skirts to fit her body which she would eventually let out bit by bit as she grew. When she wanted to go to school her father told her she had to find the money herself because the family couldn't afford it.
+
+Thankfully, her mom (basically to keep her occupied while her mom was at work) had signed her up for every athletics program under the sun from a very young age and thanks to both good academic grades and a talent for basketball she not only achieved scholarships to a college prep school but to one of the most prestigious universities in the country. She just told me to make sure that I mention how her mom had her keep a record of her spending and saving on a piece of paper ever since she got a small allowance as a little girl and learn how to cut out "unnecessary things" (her favorite mantra that I picked up).
+
+While at University my wife had to struggle in the extreme as not only did her family not help with tuition, but food, housing, books, clothes, or anything else was up to her. She had to find a way to make enough money to live and study while competing both for the schools basketball and, occasionally, the schools Judo team, which any student athlete can tell you is already a full time job.
+
+It was hard, very hard. "The lowest point of my life" she says. She made money by doing freelance work as a graphics designer (she majored in Animation and Graphic Design, she always wanted to learn to paint but decided she'd never make money doing that, to this day she's an amazing sketch artist and painter btw). She went for years subsiding on about $40 a month. She couldn't even afford rice to eat and had to buy bulk packs of ramen noodles which she supplemented with discount vegetables to literally not get scurvy. This whole time she watched as her family descended into chaos as her grandfather (on her dad's side) passed away and his children, her aunts and uncles fought like hyenas over an elephants carcass over the inheritance and her sister ended up stealing from her father large sums of money, ran off, got pregnant, abandoned her children and came back to continue a sad decline into drugs and bad life choices.
+
+She graduated eventually and tried to make a living as a graphic artist in Thailand, but her dad had lost his job due to a declining mental state caused by PTSD from several brushes with Thailand's underworld while he was an electrical building inspector. So now, she had to support her father (and as a result her sister) on her own. After two years of trying in Thailand she realized she wouldn't be able to and ended up decided to leave Thailand and become and au pair to support her family. I'd like to add that through my wife I've met a lot of au pairs and their lot is utter garbage and little better than slavery in many situations and while many come from decent backgrounds just trying to make some money while they explore the wider world, most are desperate and trying to find a way to escape the poverty of their homes like my wife.
+
+I met my wife in America. I was working as a fat, more than broke delivery driver and she was a struggling au pair working basically 24/7 (I know it's technically not, but when you live in the home you work it does it really matter if you're on the clock if the baby wakes up crying?) and making $195 a week. She sent back $350 a month to support her family and saved the rest as best she could. I had no idea how much I made or where it went aside from I hadn't had an overcharge fee in a little while.
+
+Eventually after meeting, falling in love, and deciding to get married she eventually quit being an au pair and moved in with my and my family (after I moved back to America I moved in with my parents where I still live today) and the journey of first discovering my financial mess and fixing it began, and oh boy, what I write can only scratch the edge of the weekly "checkups" and arguments and lectures and stress that went into this development, it wasn't easy for either of us. She couldn't believe she'd become partners with such a disorganized mess and for me it proved to be VERY hard to learn to curb your spending when you never thought to before.
+
+Luckily, I had "graduated" from being a delivery driver to working at Solar City. The first step on a long journey that eventually led to me joining the Ironworkers Union. On my development my wife showed me how to keep a physical record of every single penny I spent and earned. I would keep it up for a week, forget and loose the book then she would buy me another one and we began again. I have a closet full of about a dozen checking account books. Then she had me organize my student loans. I had no idea how much my monthly minimums were and was shocked to find out it was almost $700/mo. She taught me what interest was. These were the first steps.
+
+I struggled, I mean really struggled to get the basic concepts of knowing where my money was at all times. Old me thought that was a waste of brain energy and it was a hard mentality to break. I'd say at least a year went by before I really understood how much I made each week/month and what my monthly expenditures were and by then I'd taken my second step in my career as a laborer working for a commercial solar company. Now I was making enough money to start paying off my loans consistently on my own (my mom had been paying part each month) even with my sloppy book keeping. This was the second biggest motivator in my life to get my sh\*t together, seeing a light at the end of the tunnel and knowing that, yes I in fact could climb out of my hole myself. This and the other motivation led me to working as much overtime as possible and picking up a second job as a pizza delivery guy Friday-Sunday. I was not working more than I thought was possible (depending on overtime opportunities between 65-85 hours a week).
+
+The main motivation though, was seeing my wife's growth no matter how many hours I worked she always ALWAYS worked more it was inspiring, exhaustin and terrifying at times to see. In my previous comment I said she'd nearly doubled her income a year, and I wasn't joking. After she left being an au pair she had to wait 6 grueling months to get her green card. It nearly drove her insane and she ended up working under the table as a cleaning lady to continue to support her family. She'd clean everything from ritsy homes in Cambdrige and Brookline to the utterly disgusting college kid housing around BC/BU/Harvard areas. She kept a paper record this whole time and is checking it now to see how much she made she made a little over $1000/month.
+
+After she was cleared for work she continued as a cleaning lady but also got a job as a cashier, eventually a waitress at a local Vietnamese restaurant. She stopped being an au pair in January, in June she was making $1000/mo, July $1800, August $2100, September $2700, October $3000. She just read those off (I'm rounding to the nearest $100). A year later she'd left the cleaning job and started working as a waitress at a second restaurant as well as picking up shifts at David's Bridal as a seamstress, eventually maxing out at $4500/mo. In March 2018 she made $5200. This is just from pure willpower and work ethic. After going over the numbers this is where she maxes out for the present but even if it's not doubled (sorry my own exaggeration) since then this, to me, is an outstanding growth.
+
+So watching her fight like that how could I not? I worked my bun off right next to her. She taught me to push like I never pushed before and now that I was putting in that many hours and that much effort I finally not only had the knowledge how to track my money but I had a deep desire to know where every drop of sweat was being saved or spent. I got better at accounting using Mint and my bank's online manager. I followed my 401k growth, I checked how much I was spending on gas, on work clothes, I didn't write it down like she did but I learned to keep track of everything. Nothing motivates someone knowing how much they have like knowing how hard it is to earn.
+
+Eventually I got into the Union after years in construction. With my wife's work ethic driving my I'd garnered a reputation as a motivated and dedicated hand wherever I went. I might not be the best, but you can bet I'd be the first there and the last to leave, very few people out worked me. This reputation eventually got me noticed by a Union member and thanks to years of trying to keep up with my wife I'd grown into a much better person and while it can be very difficult to get into a Union it took one week from my first meeting to being on a jobsite with a Union outfit, riding an elevator up the biggest building I'd ever worked on (50ish stories) and up to a career that could support my own family the rest of my life. All thanks to my wife. After that I'd graduated the whole "watch your money" phase she taught me more, and we learned together. I started paying off my loans early in a focused way, starting with the highest interest first. I opened credit cards and used them both sparingly and paid them off each week to keep my balance low and my credit score high. I started investing in basic stocks to get a feel for the market, putting about 10% of my paycheck in as a learning cost and two years after getting into the ironworkers union I FINALLY paid off the last of my student debt. From $80,000+ to $0 all thanks to my wife's guidance and teachings.
+
+Sorry this is an aside but it's actually funny, compared to any American construction worker I was a hungry tiger who devoured work, and it actually meant I ended up being classified less as "one of the Americans" but was adopted by the other class of hungry-tiger-worker in my industry: the other immigrants. Construction in any state in the US is done by Spanish immigrants, not completely but they are a constant and huge presence on any jobsite. Most I've met work like my wife. Voraciously. They came from harder lives than most can understand (An Elsalvadorian friend of mine, and the best carpenter I've ever seen, tell me how when he was 12 a guerrila army told him he was to fight with them or they'd kill his mom so he did that until a helicopter gunship killed them all so he ran and got a job loading boulders onto trucks). My motto since then has been "Work like an immigrant, get paid like a citizen". That last part is unfortunately since many are illegal they get taken hugely advantage of with no options.
+
+To finish this insanely long tale: After I got in the Union my wife saw how the Union allowed minorities and women a chance to work in the trades and the benefits both in take home pay, and in benefits (Insurance, annuity, pension, vacation pay, free training) and decided she wanted to make the move, too. Ever since she was little she wanted to be like her dad, an electrician, but he told her girls couldn't do it. Now, when the opportunity presented itself she gave it her all, like she always does, and less than a year later she is the top student in her 1st year technician apprentice class and had multiple supers and foremen tell her she'll be a foreman soon, which I never doubted.
+
+​
+
+EDIT: Holy cows guys, thank you so much for all the love, it really is overwhelming! Bee can't wait to see what the next comment says and is just glowing and I'm practically in tears. Thank you again you're all so kind. 
+**Reference**: Full credit to Larry Smith that covered this back in 2019.
+
+I will summarise the key points from my research into this.
+
+**Introduction**
+
+As we know the DTCC was set-up to take advantage of a paper free, electronic system. This has raised issues of transparency as the system is a closed loop, enabling an environment where manipulation can occur through naked shorting.
+
+Regulation SHO was supposed to tackle naked shorting in the electronic clearing and settlement environment. However it has many loopholes that render it ineffective and the SEC themselves remain either intentionally or recklessly unconcerned about these loopholes.
+
+Regulation SHO defines locate and settlement requirements for any borrowed stock that was used to execute short sales. There are also trading limits on threshold securities that have significant FTDs.
+
+Normal participants must locate the stock before shorting it. Market makers are **exempt** from this and can do this without location. This type of naked shorting is aligned with the rules of Reg SHO and bizarrely ‘legal’. It’s only when the rules are not followed to the T, that it becomes illegal.
+
+Any naked short should be located in a 2 day period before settlement. If it can’t be, it creates a FTD. In this situation, a broker is supposed to close out the position in the open market. Market makers can maintain this for a longer 6 day period.
+
+In reality, these rules are circumvented and we end up with synthetic shares that DTCC treats as real shares. You could create an infinite number of synthetic shares and overwhelm the stock market to drive down price. The SEC lacks the resources and seems disinterested in actively policing FTDs. Market Maker “A” may be able to just ignore the FTD without penalty.
+
+**Location**
+
+As above, broker-dealers are treated differently and allowed to do a short sale without having the stock.
+
+Rule 203 (a) states that if broker dealers have ***reasonable*** grounds to believe that the security can be borrowed and delivered on or before the date that delivery is due, they can naked short.
+
+There are 2 types of lists for borrowing:
+
+1. Easy to borrow - lists of securities that are generated and policed by prime brokers.
+2. Hard to borrow lists - intended to prevent naked shorting in stocks that appear on this list.
+
+So a broker dealer can short stocks appearing on the easy to borrow list without first locating the shares to be delivered at settlement. If they do not, it is a FTD. The SEC maintains that repeated FTDs are grounds for removal of the stock from the easy to borrow list. Stocks on the hard to borrow ”should” not be shorted before the stock is located.
+
+As you can see, there is a lot of a ambiguity in the SEC’s rules - particularly 203(a) and the “reasonable grounds” definition. As well as this, both lists are maintained by brokers and not the SEC. This makes the rules around them subjective and open to interpretation that can lead to manipulation.
+
+There is an additional list which is the **DTCC’s stock borrow program** \- this will be covered in another post.
+
+The SEC seems more concerned with maintaining liquidity than tackling naked shorting. The exemption that Reg SHO provides market makers is due to the belief that it is necessary to help with retail orders and maintain liquidity.
+
+It has become increasingly hard to differentiate between market makers and hedge funds. Some operate as both, which is a strategic business model that can take advantage of the exemption above.
+
+**Close-out Requirement**.
+
+Rule 204 covers FTDs. If a failure occurs, this requires action by brokers and deals from whom the stock was borrowed by requiring them to buy and close out the stock on the market. Settlements will occurs on a T+2 basis.
+
+There are even more exemptions to this rule. If a MM has a FTD but can show that this came from well intentioned market activities, the close out can be extended to T+5. If it is still not closed out, the MM can not perform more shorts until they have closed. Obviously, there are ways around this, which will be discussed.
+
+**Threshold Securities**
+
+Rule 203(B) outlines the creation and operation of threshold securities lists. These are securities that have large and persistent Fail to Delivers that are a hallmark of illegal naked shorting. These are defined as stocks that have an accumulated FTD position totaling 10,000 shares or more for five consecutive settlement days and is equal to at least 0.5% of the issuer's total shares outstanding. These are openly published by exchanges.
+
+A stock on this list activates provisions in Reg SHO which are designed to eliminate FTDs. If the security is on the list for T+14, it must be closed out by purchasing the shares. The partidopant cannot perform more short sales without first locating or entering into an agreement. Market makers are **not** exempt from this.
+
+***In practice, this is fucking bananas. Most stocks remain on the threshold list for months. The FTDs are rolled over from one broker to another. After T+13, even though they are required to close out,  the market maker can transfer the position to another market maker or broker and the thirteen-day countdown to a mandatory buy-in starts all over.***
+
+***This is frequently used to allows FTDs for months or years.***
+
+**Techniques Used to Circumvent Reg SHO**
+
+Given the SEC is content with the DTCC self-regulating its participants, there are frequently employed techniques to circumvent these requirements.
+
+1. Allowing “important“ hedge fund clients to ignore the locate requirement
+2. Creating easy to borrow lists that inappropriately include threshold and hard-to-borrow stocks
+3. Hiding FTDs through washed and matched trades, i.e. rolling over an FTD to another broker
+4. Illegal stock sales in dark pools off the primary markets to avoid NYSE oversight and to maintain anonymity
+5. No supervision that the locate requirement was satisfied for short sales
+6. Fradulently marking short sales as long to hide naked positions.
+7. Fradulently saying they  possessed the borrowed securities or had located them.
+8. Not making any effort to locate shares prior to short selling,
+9. Entering into a made up option contract to hide naked shorting
+10. Using the DTCC stock borrowing program mentioned above as a means to conceal naked short sales,
+11. Putting through fake short interest and other reports to regulators - as we see with Ortex.
+12. Hiding activity by falsely reporting synthetic shares as real shares in broker statements
+13. Hiding the activity by issuing voting material to shareholders with nonexistent assets who have no corporate rights including the right to vote shares,
+14. Not complying with requirements to investigate and report suspicious transactions to regulatory authorities.
+
+**Elimination of the Uptick Rule**
+
+A big change in the governance of shorting was also the elimination of the uptick rule that required an increase in the stock price before allowing a short sale.
+
+Bernie Madoff helped eliminate the uptick rule in 2007. Madoff had a MM and HF firm, which routinely participated in illegal naked shorting, as well as his ongong Ponzi Scheme.
+
+The SEC defended this by saying the uptick rule reduced liquidity. Another example of the SEC prioritising liquidity over tackling predatory techniques and protecting investors. The SEC endorsed and defended the decision stating that the uptick rule reduced liquidity.
+
+**The Role of the DTCC**
+
+**DTCC**\- US clearing and settlement services and a central securities depository.
+
+**DTC**: a subsidiary and depository for almost all US securities and keeps records of transfers through electronic record-keeping of securities balances.
+
+**NSCC** \- a DTCC subsidiary that provides clearing and settlement for almost all securities transactions in the US two days after a transaction (T+2). It also guarantees completion of certain broker-to-broker securities transactions.
+
+As we know the DTCC is owned by Prime Brokers. Prime brokers have hedge fund support which makes up a significant portion of their net income.
+
+**DTCC Performs a Critical Function but also Facilitates Illegal Naked Shorting**
+
+There are significant loopholes that facilitate an illegal enterprise. The subsidiaries use Continuous Net Settlement (CNS) and the Stock Borrowing Program to facilitate efficient liquid markets in securities. These have loopholes.
+
+Market Makers can exploit these loopholes to create synthetic shares. Hedge funds can be involved in this but have plausible deniability as they don’t execute the trades themselves.
+
+The amount of synthetic shares and FTDs are staggering but the data is locked deep inside the DTCC, which allows it to circumvent regulatory oversight and reporting. This gives it an effective monopoly which can work to the benefit of Prime Brokers and as a fuck you to everyone else.
+
+The process of creating synthetic shares is complex and understanding all aspects usually requires a team of highly skilled lawyers specialising in securities law, clearing and settlement procedures.
+
+1. **Physical Transfer of Stock Certificates Has Been Replaced by Electronic Data Entries**. Stock certificates are now stored in a central vault in the DTC. When an investor buys a security through a broker, the investor’s name does not appear on the stock certificate. They are categorised by the broker dealers, called a “street name”.
+2. The actual custody, physical control and even the official ownership of stocks (and other securities) is done through Cede and Company, which processes on behalf of DTC. This is another private company in partnership with the DTCC so technically Cede own all listed shares in the US and all investors have are contractual rights.
+
+This has some advantages - rapid settlements. But this is also non-transparent. It is a mind fuck that the SEC has been happy waiving control of clearing, settlements and custody to a private company. In theory, number of street name shares = registered shares in Cede’s vault. In reality, Wall Street creates massive numbers of synthetic shares. Once created, the DTCC does not differentiate between synthetic and real street name shares.
+
+It also means that “*while you may think you are buying registered stock, you are actually buying a financial derivative. Effectively, you are buying a financial derivative from brokers of a financial derivative they hold from Cede that is just a digital entry in your DTC account.”*
+
+You own fungible derivatives and untraceable commodities.
+
+​
+
+>Operating in this black hole of important information they use loopholes in the clearing and settlement system administered by DTCC and loopholes in the ineffective SHO regulations to create counterfeit shares at will. They can and do expand the supply of street name securities through creating counterfeit shares to overwhelm demand and drive down the stock price.  
+>  
+>You can see this scheme at work almost on an almost daily basis. All too often, when a Company reports approval of an important new product, the stock trades up slightly and then trades down to a lower price than before the announcement  to the amazement of investors who are long the stock. The same thing can happen with achievement of a meaningful, clinical, regulatory or financial milestone. Why? Because there are hedge funds who have been shorting the stock and have huge outstanding short positions who stand to suffer huge losses if the stock price increases. In self-defense, they launch a short attack spearheaded by creating counterfeit shares arising from illegal naked shorting. The clear intent is to make good or great news appear to be badly received. Jim Cramer was a long time hedge fund manager before becoming a commentator on CNBC. In this famous [interview](https://www.youtube.com/watch?v=gMShFx5rThI),  he fills us in on how he and other hedge funds routinely manipulated stocks.  
+>  
+>God forbid, if a company you are invested in reaches a point that it becomes apparent that it has to raise equity. The hedge fund gang jumps in and start shorting in anticipation of an offering. The hedge funds have had great success in persuading other investors that equity offerings are bad for investors because it dilutes their shares. In most cases, this argument is total nonsense because companies are raising money to enable the completion of projects that will enable them to become successful, i.e. executing an important clinical trial, building infrastructure, etc. Raising equity to enable companies to grow is the cornerstone for our successful economic system. Claiming that equity raises are dilutive and harmful is something that Vladimir Lenin might have said.  
+>  
+>In the vast majority of cases, the stock slides sharply when the deal is announced. For small emerging companies, the offering is then priced by Wall Street investment bankers at a 10% discount to the already distressed price and often warrants must be attached in order to attract buyers who all too often the hedge funds who have shorted the stock. Yes, I know this is illegal, but hedge fund A buys stock on an offering to cover for hedge fund B who has been shorting and they switch positions to cover the short and split the profits. This is a routine practice. In the end, this does lead to enormous share dilution, which causes untold harm to investors and emerging companies who are so important to economic growth. The winners are Wall Street and hedge fund employees and real estate brokers in the Hamptons.
+
+**Continuous Net Settlement System Used by the NSCC**
+
+In the old days, if you bought a stock from another investor, you would own the stock certificate. Given the sheer size and complexity of electronic transactions that is here in the modern age, the solution by the NSCC was to not handle each trade individually but to use a system called  Continuous Net Settlement (CNS). This centralised and automated the accounting of settlements.
+
+In the CNS system, Prime Brokers have an account with the DTC along with market makers, hedge funds etc. Everything is electronic and in real time so you can immediately see the status of specific investments in accounts.
+
+The clearance and settlement system of the NSCC functions through a system called multilateral netting.
+
+You have a customer order. Broker A buys 10 shares of GameStop from Broker B. Then later Broker A sells 10 shares of GameStop to Broker B. In the new approach, these 2 trades are netted so there is no movement in the electronic certification. In the real world, there would be complex trading with multiple buy/sell with multiple participants for GameStop stock.
+
+NSCC settlement T+2. At this time, all NSCCs member are netted for the stock in question. They are further netted against any previous trades in which there were failed to deliver securities. If the Prime Broker has sold more shares than it has bought (net short), it owes shares to the NSCC. The inventory of XYZ in the broker’s account at the DTC is checked to see if there are available shares that can be transferred to cover the short obligation. In the case of net long positions, they are automatically credited to the member's DTC account. Also, daily money settlements are debited or credited to the member's account.
+
+Example: During the day Broker A might handle multiple transactions in a stock for its customers as follows:
+
+1. Sells 500 shares to Broker B
+2. Buys 1000 shares from Broker C
+3. Sells 2000 shares to Broker D
+4. Has 500 shares of XYZ on deposit at its DTC account
+
+Broker A at settlement (T+2) is net short 1000 shares of XYZ (-500+1000-2000+500) and turns to the Stock Borrowing Program.
+
+**NSCC’s Stock Borrow Program**
+
+When a broker is net short, it has T+2 to locate and deliver. But as above, there could be a situation where a broker is net short of XYZ on settlement day and does not have enough shares of XYZ in inventory to cover. I
+
+Under CNS,  the NSCC guarantees the trade so that even if the seller of the stock fails to deliver, the transaction goes through. This can be used to create counterfeit share.s
+
+The DTC knows every member’s position. If a member is net short, the DTC reviews the number of net shorts of the shares of the XYZ to determine if the DTC itself holds enough to settle. If there are enough, the DTC offsets the net short and the shares are sent to the account of members who loaned them.
+
+If the member does not have enough to cover, the NSCC will borrow through their Stock Borrow Program.
+
+This allows members with net long positions to lend out shares to members who are net short. So Broker A who is net long on GameStop can put it in the program and Broker B can loan it as it has a net short position and needs to cover. The program is continuously updated by members stating how many shares they are OK lending. Once this is established and covered, this cures the failures to deliver at settlement.
+
+**Creating Counterfeit Shares through the Stock Borrow Program**
+
+This is of course abused through loopholes.
+
+Example:
+
+>Let’s assume that the parties in a hypothetical example are Hedge Fund A, Broker A, Investor B, Broker B, a market maker and the DTC and NSCC. Let’s look at a highly simplified example in which Hedge Fund A asks broker A to short 2,000 shares of XYZ at $10.00 per share.  
+>  
+>1. Broker A transmits Hedge Fund A’s short sell order to a Market Maker in XYZ stock (this could be either the broker itself or another market maker.)  
+>  
+>2. The Market Maker confirms immediately to Broker A that the trade is complete without first locating the shares; he is naked short the stock. Under Regulation SHO this is legal.  
+>  
+>3. Investor B through Broker B buys the 2,000 shares offered by the Market Maker at $10.00 even though the market maker has not located 2,000 shares to borrow.  
+>  
+>4. If at T+2, the Market Maker still hasn’t found a locate, he is in a fail to deliver situation. In the system of the 1960s, the trade would have been broken and $20,000 would be returned to Investor B’s account, but because the NSCC guarantees all transactions, the stock borrowing program comes into play and the settlement proceeds with the NSCC borrowing stock from other member firms.  
+>  
+>5. The DTC identifies Broker C having a net long position of 2,000 shares which it is willing to lend to NSCC.  
+>  
+>6. At settlement (T+2), Hedge Fund A’s account at the DTC is credited with cash of $20,000 (2,000 shares at $10.00). Investor B’s account at the DTC is now credited with owning 2,000 shares of XYZ at $10.00 even though the market maker failed to borrow the shares. Broker C is credited to receive interest on $20,000, the value of the stock it has loaned.  
+>  
+>7. Broker C loaned 2,000 shares of XYZ, which it took from its customer accounts, to the NSCC. However, the NSCC accounting credits customers of Broker C with still owning 2,000 shares of XYZ.  
+>  
+>8. This is the critical point at which counterfeit shares have been created. The NSCC shows customers of Broker C as still owning the 2,000 shares of XYZ. However, Investor B is credited as owning the same 2,000 shares. Presto, there are 2,000 new counterfeit shares outstanding that were never issued by the Company.  
+>  
+>9. Under Reg SHO, the Market maker has until T+6 to locate stock and close out the 2,000 shares of XYZ it has borrowed through the stock borrow program from Broker C. Under Regulation SHO, if a locate has still not been found at T+6, the Market Maker must purchase 2,000 shares in the open market and return them to Broker C. However, Wall Street has a bag of tricks to get around this requirement. One of which is simply to ignore it. Another is to roll the position to another broker-dealer. Oftentimes, fails to deliver can last for months or years. The SEC seems strangely unwilling or unable to enforce this provision of Regulation SHO.
+
+If the FTD is not addressed, the NSCC system does not differentiate between synthetic and real shares. Both the 2,000 legitimate shares that were originally in the customer accounts at Broker C and the 2,000 new unauthorized (counterfeit) shares given to Investor B can both be loaned to cover other net short, fail to deliver positions. This process can be repeated ad infinitum to flood the market with counterfeit shares.
+
+There are many ways that this process directly benefits Wall Street at the expense of retail shareholders. Shares loaned by Broker C to make good on the Market Maker’s delivery obligation actually do not belong to Broker C. They come from customer’s margin accounts who do not know their shares are being loaned. Meanwhile, the Broker is receiving interest on the cash value even though they have no ownership. The customers receive no economic value. The interest of the Broker is to see the price rise. Loaning to short sellers who want the stock to go down is against their interest. With the stock borrowing program, brokers put their own economic interest before their customers.
+
+**Why Do It?**
+
+Shorting is extremely popular amongst Hedge Funds. Firms benefit from lending through the collection of interest and associated fees. Estimates are that 20% of net income for large investment banks comes from shorting selling.
+
+Issues:
+
+1. Liability is unlimited - if you buy a stock, your lose is capped at your investment. If you short a stock, there is no limit to your liability.
+2. Kalo Bios was about to go bankrupt and trading at $0.25 per share. An investor shorted 4000 shares, thinking they could could $1000.  Martin Shkreli came in and initiated short squeeze that drove the stock to $40. 00 per share. The investor ended up with a loss of about $160,000 based on a $1,000 investment.
+3. Short sellers have ongoing costs via interest on a loan. If the stock price increase,s more collateral and cash is required and the interest increases. This creates a sense of urgency when shorting.
+4. You have to have incredible timing. If you buy and hold, there is no cost for you. If you short, there is an ongoing cost. The short seller has to have precise timing .
+5. Over the long term, buying is a winning result and shorting is a losing result.
+6. Shorting is anti-social - you are selling something you don’t own to drive down the price of a company so that everybody loses (the investors, the employees, the business, the customers)
+
+**The Implications of FTDs**
+
+​
+
+>Here is what happens when an FTD is rolled over, no buy-in occurs or is simply ignored. Let’s use an example when Market Maker “A” receives an order to short 10,000 shares of XYZ at say $20.00, but can not immediately locate shares to borrow:  
+>  
+>1. A hedge fund delivers an order to short 10,000 share of XYZ to Market Maker “A”  
+>  
+>2. Market Maker “A” immediately shorts 10,000 shares without locating shares to borrow.  
+>  
+>3. Some customer(s) of Broker “X” buys the shares.  
+>  
+>4. The hedge fund receives $200,000 in cash from the customer(s) of Broker “X” at T+2.  
+>  
+>5. However, at T+2. Market Maker “A” has not located shares to borrow and deliver to the customers of Broker “X”.  
+>  
+>6. NSCC steps in to guarantee the settlement of the trade. It borrows 10,000 shares from a customer(s) of Broker “Y”.  
+>  
+>7. These 10,000 shares of XYZ are credited to the customer(s) of Broker “X”. They now show 10,000 shares of XYZ in their accounts.  
+>  
+>8. The problem is that the NSCC borrowed 10,000 shares of XYZ from customers of Broker “Y” and they are also credited with owning 10,000 share of XYZ.  
+>  
+>9. The customers of Brokers “X” and “Y” own the same 10,000 shares. This is how counterfeit shares are created.  
+>  
+>10. Because of continuous net settlement used by member firms of the DTCC, these shares are commingled in the inventory of the Brokers “X” and “Y” and can’t be traced to individual accounts.  
+>  
+>11. Customers of Broker “X” now own 10,000 counterfeit shares of XYZ, but they can’t be distinguished from legal street name shares.  
+>  
+>12. These 10,000 counterfeit shares can be loaned out to other short sellers.  
+>  
+>13. Market makers and hedge funds working in concert can create a virtually unlimited number of counterfeit shares.
+
+Acknowledgements - [https://smithonstocks.com](https://smithonstocks.com/comp/)
+I have bolded two parts that say #**start reading here** and #**stop reading here** for the original post since due to all these edits it has become a bit difficult to read. HOWEVER, please read the entire post with edits once you are done to get additional information and to see some of the rebuttals from Questrade and their legal team. Thank you.
+
+
+_____________________________
+
+**Was contacted by their legal department, please scroll to the bottom of this post for my trading activity that day.**
+
+edit 4: Guys if you want to help get the word out and potentially save other Canadians from signing up with this nightmare of a broker **please tweet this thread at Questrade or Business Insider or marketwatch or bloomberg or anyone else that can write about it.** I don't have an active twitter account so can't really do it myself but would appreciate it immensely. 
+
+_________________________________________________________________
+Edit: lmao, I just got an email telling me to delete these posts or risk legal action. One sec let me reply.
+
+
+edit 2: This is the email they sent me:
+
+>I have just been notified that you have posted information from our private discussions on Reddit.  These discussions were confidential and constituted good faith attempt to resolve your complaint. Your Reddit posts are inaccurate, misleading and contain defamatory content. As we discussed, you incurred a loss as a result of trading in high risk options, which you failed to mention in your posts.
+
+>We ask that you remove these posts immediately and you cease to use social media to post defamatory and misleading statements about Questrade in an attempt to extort funds from the company. If you do not remove these posts, you are put on notice that this will become a legal matter. Our legal department are already investigating two prior posts you made where you stated that you were ready to "burn down the building" as well as making the following statement: “ if I can’t get my money back I’ll be sure they lose an equal amount in whatever way I can.'' 
+
+>If we do not receive your confirmation by 12pm on March 31, 2020, that you will discontinue posting defamatory content on social media, you will leave us no choice than to commence legal action. 
+
+>To keep things in perspective, the world is reeling from a tragic situation.  Thousands of people have lost their lives.  Our staff have been working around the clock to help our clients get through this unprecedented crisis.  In response to our genuine attempts to find an amicable solution, you have threatened and insulted our staff.  I urge you to think about your actions.
+
+__________________________________________________________
+I replied that I'll go through all my posts and comments and edit any lies I may have said unintentionally.
+
+But just to clarify guys **the position that I held was 0DTE options purchased day of. This is obviously a high risk position.** Options in general are. If I had purchased and ETF or stock then I obviously would not have incurred such a loss. I just want to make that clear.
+
+__________________________________________________________
+#**START READING HERE**
+I had a 0 DTE options position worth around $50000 CAD that I opened that day. My broker (Questrade) had serious outages for hours that day (and for 3 days in the previous week) leaving many clients unable to access their positions. 
+
+My position expired worthless and I was obviously very upset that I couldn't access such a volatile position for multiple hours. 
+_______________________________________________________________
+
+(*note*: I was able to access the position before it expired worthless, my point is that I was unable to access it for even 1 second is unacceptable, the position didn't expire worthless because I couldn't access it at all for the entire day. Just putting this in in case they think this is the defamatory part. Again, these were risky 0DTE OTM options. They carried significant risk regardless) 
+
+*edit 6:* I was able to access the position before it expired worthless. They were not down for an entire trading day. I just had trouble exiting the position during outages and during times when I could've taken a significantly smaller loss. By the time I was able to exit the position I got around $2500 CAD for it. I just want to make this clear. 
+
+Again my issue and the larger point I am trying to make is not that I lost money but rather that the positions could not be accessed for a long time which is unacceptable. If I had made 500k from this trade I wouldn't be complaining but I would still be scared shitless that my broker keeps going down. 
+
+________________________________________________________________
+
+I wrote to their compliance department while also commenting everywhere on their sub warning clients and potential not to trade with Questrade because of this. The previous week after losing $10000 from a similar issue I asked a CS rep for $200 in compensation (the commissions from that day) and they refused.
+
+After I made such a scene on the questrade subreddit the mod reached out to me to have someone call me to discuss my issues. 
+
+After a phone call and a short email chain he requested I delete all my negative comments because there was clearly a "bias" being shown. 
+
+I complied in order to see what their compensation offer would be. 
+
+Their offer? $1200 USD.
+
+My commissions for the past month plus ~$350.
+
+
+In addition I would have to sign an NDA
+
+Here's the relevant part:
+
+https://imgur.com/a/q0vGiw0
+
+
+
+The Releasor(s) further agree(s) to do the following:
+
+a)	immediately refrain from making or posting negative comments about Questrade; and
+
+b)	within two (2) days of executing the Release, remove all negative comments made on internet websites, including but not limited to blogs and to social media such as Facebook, Instagram and Twitter (collectively referred to as “Social Media”), about the Releasee, to the satisfaction of the Releasee.
+
+
+
+
+
+
+
+What a fucking joke. 
+
+
+I am still waiting to hear back from compliance but I'm not holding my breath for a real offer. 
+
+Maybe this gives all you guys who got ruined from Robinhood's outages some hope. Maybe you can get back all your Robinhood commissions. 
+
+On a serious note though, if you were affected by Questrade's incompetence over the last few weeks check out my profile. I've made a small guide on how you can formally submit a complaint and get some kind of compensation. I'm sure for some of you the few hundred dollars is worth it. But even if not I've included steps you can take to potentially get a better offer through the ombudsman for banking. 
+
+Best of luck.
+
+
+#**STOP READING HERE**
+_______________________________________________________
+
+edit 3: [This is a link to the full ~~NDA~~ release if you are interested](https://www.reddit.com/r/wallstreetbets/comments/frz0fp/my_broker_questrade_wants_me_to_sign_an_nda/flz1e38/)
+
+**Someone (I think Questrade) sent Reddit a DCMA Takedown Notice to this so it is no longer viewable**
+
+edit 5: So apparently this isn't an NDA but rather just a standard release. It was referred to as a non-disclosure waiver so I thought that meant NDA. My bad.
+
+
+
+______________________________________________________
+
+
+**edit 7:**
+
+Questrade just posted this in their sub:
+
+https://www.reddit.com/r/Questrade/comments/fsi5we/response_from_questrade/
+
+>"The story being circulated by a customer on social media is factually incorrect.
+
+>These losses were due to this customers trading behaviour while our platforms were fully operational.
+We will not tolerate any spam, hateful language or unfounded disparagement or harassment."
+
+Essentially saying that I'm lying. 
+
+Interestingly I have this email from the rep that offered me $1200. 
+
+"I did not see the technical issues as being that much of a factor in terms of losses. Lot of the trades were done after the technical issues. In some cases the delays may have hurt you and some cases got you better pricing. Again trading related gains or losses are not relevant in technical issues as they are not in our control nor can we take your gains if it works in your favor."
+
+
+So my question is that if "These losses were due to this customers trading behaviour while our platforms were fully operational." why in the email offering me compensation the rep said that the technical issues were not "that much of a factor" instead of saying that they were not a factor at all? 
+
+Any downtime at all is unacceptable but I find it laughable that I am being accused of defamatory statements when Questrade writes this kind of response lmfao.
+
+
+
+
+**edit 8**: Was contacted by their legal team. They sent me this and asked permission to post my trading activity and log in activity. I of courses said they could and to be completely transparent I will post it here as well: 
+
+https://imgur.com/a/dTQTUDT
+
+Seems the text is a bit small in that screenshot so here is another one: 
+
+https://ibb.co/wJFgDDL
+
+
+Here is my response:
+
+https://imgur.com/a/Jm5k1Tp
+
+https://ibb.co/mtn3Q4R
+
+If you can't see the screenshots[ click here for text copy of their emails.](https://www.reddit.com/r/wallstreetbets/comments/fsnubq/contacted_by_questrade_legal_team_for_permission/)
+Hi so basically I got a car from a used car dealership (Larry h Miller in Utah) and the car I chose was about 12,000 dollars and I could pay it off in like a year and a half or so with how much I was making and if I made double payments. No problem I thought, but I called the bank recently that gave me the money for the loan and they said I still owed 16,789 dollars and the original loan was something like 18,000 dollars! I flipped, I was literally going to have a heart attack. Now, I work 4 jobs for the summer to pay off this car, I want to move out and transfer to a new school but will be working even more than I already do just to live and pay for the car and idk what to do about that extra 6,000 like idk what it’s for, where it came from, or why it was taken out. I’m going to be speaking to the dealership but does anyone know why dealerships take out more money? As well, how can I get out of this massive hole I got shoved into? Any help is appreciated, when I transfer schools I don’t want to be working 40 hours a week just to make the payment on the car on top of rent. Ya’ll are great
+
+Edit: whoa went to bed and this blew up. Sorry for the lack of information all, it was late. I’ll be going over the contract in a bit and replying to all the comments, giving all the information I can. Thanks for all your replies
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+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!
+Everybody has their favourite shill coin. The golden one. You've done the research, bought the hype.
+
+But in reality look at the charts. Most of the coins, and in particular the top 20 coins, are highly synchronised. 
+
+What does this tell me?
+Whats the key to making money in 2018?
+
+Wait for it.
+
+Simply being in early is the key.
+It was the key in 2017 and I expect it to be very much the case for 2018.
+
+Congratulations your job is pretty much done, you just need to add to your position ASAP.
+
+Pick a bunch of top 50 or even just 2 or 3 of the top 10 and enjoy the ride. Take a dart and throw it at the top list. I doubt you will lose.
+
+What's powering this ride.
+
+All the newbie investors, , those millions who have just opened accounts and dipped their toes in the market but haven't really put much in yet and the 10s to 100s of millions who will be joining the party soon from all over the world. A global mania.
+
+Is this slightly pyramidal scheme like? I think so. I don't think it will blow up too quickly though.
+
+Choose coins and platforms with long term use cases to hedge the risk .
+
+ALMOST everybody here (as long as you go for the  BIG BRAND NAMES) can look forward to a good year or two as the FOMO goes mainstream and it gets easier and easier to invest in, use and trade cryotocurrencies .
+I may have missed some shit in the last week, apologies if it's a re-post, my 'other' source of income has required some serious attention...
+
+But seeing this on the **'10 Things You Need To Know This Morning In Australia'** from BI - made me fucking laugh. 
+
+I truly fucking hope ASIC will do something, anything... send some cunts to jail. doubt it.
+
+Also, well done to the mods and keeping the pump n dump fuckers out.
+
+[https://www.businessinsider.com.au/asic-pump-dump-asx-bets-warning](https://www.businessinsider.com.au/asic-pump-dump-asx-bets-warning)
+
+best quote:
+
+ “Get the fuck out of our \[forum\], get the fuck out of our community, get the fuck out of our planet.”
+I find that a lot of my friends and family don’t really understand day trading. They always think it’s just gambling or luck. Or if I’m making consistent profit some might think its because it’s a bull market. How do you guys deal with constant doubt you hear from others?
+
+Edit: thank you everyone for the helpful comment :)
+Microsoft Cloud Fuels Third Quarter Results
+
+
+REDMOND, Wash. — April 27, 2021 — Microsoft Corp. today announced the following results for the quarter ended March 31, 2021, as compared to the corresponding period of last fiscal year:
+
+·        Revenue was $41.7 billion and increased 19%
+
+·        Operating income was $17.0 billion and increased 31%
+
+·        Net income was $15.5 billion GAAP and $14.8 billion non-GAAP, and increased 44% and 38%, respectively
+
+·        Diluted earnings per share was $2.03 GAAP and $1.95 non-GAAP, and increased 45% and 39%,respectively
+
+·        GAAP results include a $620 million net income tax benefit explained in the Non-GAAP Definition section below
+
+ 
+
+“Over a year into the pandemic, digital adoption curves aren’t slowing down. They’re accelerating, and it’s just the beginning,” said Satya Nadella, chief executive officer of Microsoft. “We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform.”
+
+
+“The Microsoft Cloud, with its end-to-end solutions, continues to provide compelling value to our customers generating $17.7 billion in commercial cloud revenue, up 33% year over year," said Amy Hood, executive vice president and chief financial officer of Microsoft.
+
+The following table reconciles our financial results reported in accordance with generally accepted accounting principles (GAAP) to non-GAAP financial results. Additional information regarding our non-GAAP definition is provided below. All growth comparisons relate to the corresponding period in the last fiscal year. 
+
+
+From https://www.microsoft.com/en-us/Investor/earnings/FY-21-Q3/press-release-webcast
+Kilimanjaro is holding a **mega lottery** this weekend. The base pot for saturday and sunday will be 2500 $KILI (3k usd). Join the hike by holding 50$KILI. If you don’t win you can get comfy and enjoy the burns. 14% of the tokens have already been burned. 
+
+$KILI is an easy hold. Why? It’s a lifelong lottery ticket that gains in value and that you can resell if you want to. Furthermore it’s a low market cap token with tremendous potential. The code is audited, the dev wallet is locked and the devs have earned the investors trust.
+
+**TOKENOMICS**   
+\-The initial supply was 1.000.000, of which already **14%** has been burned, which makes for a total supply of **860K tokens**.  
+\-Fully deflationary. With every transaction, 2,5% is burned and **2,5% goes to the lottery pot.**
+
+\-Three winners everyday.  
+**Links :** 
+
+Website: https://kilimanjaro.finance     
+BscScan: [https://bscscan.com/token/0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8](https://bscscan.com/token/0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) 
+
+CoinMarketCap: [https://coinmarketcap.com/currencies/kilimanjaro/](https://coinmarketcap.com/currencies/kilimanjaro/)   
+CoinGecko: [https://www.coingecko.com/en/coins/kilimanjaro](https://www.coingecko.com/en/coins/kilimanjaro)   
+
+
+**Where to buy?**   
+[https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x865d0c78d08bd6e5f0db6bcbf36d3f8eb4ad48f8) 
+
+Or if you don’t wanna buy with the hassle of PCS nowadays, you can use Bogged Swap:  
+[https://bogged.finance/swap?token=0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8](https://bogged.finance/swap?token=0x865d0c78d08BD6e5f0db6BCbF36d3F8EB4ad48F8)
+I've been an enthusiastic "RE is the answer" person for awhile now. But lately I've been seeing the ugly side of real estate and it's making me rethink everything. I'm young (auto mod wouldn't let me put my age) and share 7 doors with a partner. I've been managing four of them, and have found the last couple deals. I feel like one of the deals we bought was a mistake, I got over eager and should have been more through, and a tenant that I selected is now having problems paying rent. My ego has been crushed, and I feel guilty, like I let my partner and I down. I've been fantasizing about selling and putting the money in something boring and safe, like a HYSA. Or spending it on ourselves for once, what a shock. Can someone give me a cheer up or some good advice? I go over and over my mistakes in my head and it's really starting to depress me.
+The post is on bets subreddit, can't link to it because of brigadiering... 
+
+If this number is similar for GME individual investors my tits are non existent... I think GME has even more tho.
+
+quick maffs if 4 million apes hold the ultimate stock, we just need 
+
+62.84m / 4m = 15.7 
+
+# 15.7 FUCKING SHARES ON AVERAGE TO HODL THE FLOAT 
+
+# WE OWN THE FUCKING COMPANY MANY TIME OVER KENNY YOU DONE GOOFED
+
+🚀🚀🚀🚀
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u)
+Have you not watched his show? He hams stuff up for ratings. You really think he's all pissed and upset about all the tweets? He's laughing his ass off as his social media interaction scores are going through the roof cuz of your lame-ass insults. And then you double his pleasure by tuning into CNBC and posting links to it. 
+
+Odd's are the people bragging about giving him static are his own shills. 
+
+Don't like who he is?  Just don't look.
+[https://www.cnbc.com/2018/10/02/pepsico-will-look-at-cannabis-industry-critically-says-cfo-hugh-johnston.html](https://www.cnbc.com/2018/10/02/pepsico-will-look-at-cannabis-industry-critically-says-cfo-hugh-johnston.html)
+I never missed out FYI, it’s just a common thing I hear on most stocks.
+Apple, amazon, Microsoft.... weren’t unknown companies five years ago. The skill isn’t finding a company to buy. The skill is researching what you buy and holding it for years if no reason to sell. 
+
+Buying and finding isn’t the skill, holding and patience is.
+
+If you weren’t confident on buying Tesla 2 years ago, you wouldn’t have been confident on holding the position that long.
+It's the first time ever I move in with someone. I've always been super independent and on top of my shit with my expenses.
+
+Now I'm thinking, how do couples manage their expenses? Should we open a joint account or not worth it? Who spends for what? How to keep track of everything (there's going to be a lot of expenses to furnish the place in a couple of weeks), do you recommend splitting everything evenly?
+
+Thanks for any advice!
+
+EDIT: I can't believe how many answers this got, thanks a lot everyone, so many good points and things to consider, that I hadn't even thought about. I'm sorry I obviously can't reply to each and everyone of you but thank you for taking the time to reply!
+They thought they could switch off the buy button, relax a few months and let people get bored and move away so they can unwind their short positions over a few years slowly without bleeding too much cash.
+
+However the time that they gave us, we spun off our own community from the gambling sub. This community that doesn't glorify gambling, researches decades of market abuse and compiles due diligence that can rival economic textbooks. The community which is under constant peer review, refuting confirmation biases. The community working as a thousand member board scouring through every word every filing our investment releases. The community that has direct registered nearly 60% of the free float away from the hands of street name brokers and into real ownership of securities, the biggest weakness that this ponzi scheme has, ownership.
+
+Every day before MOASS is hundreds more shares direct registered, more people learning what's going on and investing. More conviction growing for original investors. The risk keeps growing while their books keep bleeding.
+
+They can't let this squeeze, so when it happens it will be because they had no other choice.
+
+I have vivid dreams of the squeeze starting and the life changing freedom it will provide at the cost of the worst bet in history. Last night I dreamt this community was hitting millions of members similar to the bets forum in Jan 2021, It still feels real and I'm so jacked for when it happens.
+
+I trust RC, I trust you all <3
+Your portfolio is blown the Fuck up. We are aware. You’re not the only one. Calm the fuck down, and think for a minute. 
+
+
+What has changed about the company besides the stock price? If nothing has changed altering your view on the initial investment then there’s no reason to freak out. If you answered yes then reevaluate your outlook on the company. 
+
+The big difference between those who are or will become wealthy, is they take opportunities like today to create a stronger foundation. That means you buy the fucking dip. You lower your cost basis. Plenty of people are panic selling right now instead of panic buying. The true investors take opportunities like these by the balls and look to turn it into a positive. 
+
+Leave your emotions out of this relationship and make some money.
+After almost a decade in the industry I decided around a year ago to become a trainee financial adviser. There's nothing like a market crash and global pandemic for a baptism of fire. My three main observations from the past year are:-
+
+Firstly, phone your loved ones. I've heard about the loneliness epidemic before but the past year has really shown me the harsh reality of the situation. Obviously I don't know the ins and outs of family dynamics but I've spoken with some lovely people who had only fleeting contact with their family even before the lockdowns started. It's made me incredibly conscious that my meeting with them may be the only real human contact they have that month so I try to keep the conversation going for as long as possible (not that many of them need much encouragement). Pick up the phone and get in touch with your parents, your grandparents, your siblings, your friends and any other loved ones you have.
+
+Secondly, your outlook on life will change. There's quite a few posters here who feel guilty about spending money as they compulsively build up their savings and investments. I've noticed this in my clients, I spend far more time than I thought I would encouraging people to take some of the profits out of their investments for a holiday or home improvements they're on the fence about, but a switch will go off in their sixties and seventies when confronted with their own mortality; usually it's a health scare or the news of childhood friends dying that is the trigger. My question to you is do you really want to wait that long before you start to enjoy the fruits of your efforts? You save up all your life to be able to afford holidays like a road trip around North America but there's no guarantee at that age your health will be up to it or even that your husband/wife that you planned a long retirement with will still be alive. It happens more than you think. Don't forget to enjoy life now.
+
+Lastly, show your kids the flowchart. Show everyone the flowchart. The level of financial knowledge in this country is shockingly low. In all honesty, I'd rather my job didn't actually exist and people were able to manage their financial plans themselves but unfortunately we're not in that position so I'm here to do my best to help them out.
+Hey guys,
+
+The story goes I was accepted for a role that was paying 75k in the job description, and after being offered the role was offered 10k less.
+
+After a few emails it turns out they have 'another applicant' that was willing to work for the lesser amount, but they are super keen/pushy to get me started... I should also note they verbally advised me of the 75k during the interview.
+
+Has anyone else come accross a similar problem? Any ideas of what to do?
+I’m old enough to know I should educate myself before I start spending money. Also old enough to know that the current climate is a good time to invest. The problem is that I feel unprepared to do that. How can I get up to speed quickly so I can start to trading?
+Many of you noticed I made a snazzy powerpoint to use during the Lucy K AMA today, but didn't get to use it due to technical difficulties. So even though it's not the same, here is the bulk of what was intended for the interview, including Lucy's written script. Knowledge is Power! 💪
+
+https://preview.redd.it/g8nivrt6l6171.jpg?width=677&format=pjpg&auto=webp&s=60102104cecd6de43dfc9d914a4525be62e1f80b
+
+🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
+
+# Lucy Komisar AMA Part 2 [(Link here)](https://www.youtube.com/watch?v=wuPizlDY0Ys&t=22s)
+
+# Topic of Discussion- The SEC
+
+​
+
+[Securities and Exchange Commission](https://preview.redd.it/p98qxh2476171.jpg?width=180&format=pjpg&auto=webp&s=463cc9d081a8fa5a35b8828dd41b6121dd2737ec)
+
+**THE SEC for Superstonk- Script By Lucy Komisar**
+
+*When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.”* — Frédéric Bastiat, 19th century French Economist
+
+**How the SEC was created**
+
+One reason for the stock market collapses in 1929 was watering stock. A meme went “he who sells what isn’t his’n must pay it back or go to prison.” Traders would print up counterfeit stock certificates. Sound familiar. Naked short selling. The crash that started the depression.
+
+​
+
+[Ferdinand Pecora](https://preview.redd.it/l346v5i456171.jpg?width=470&format=pjpg&auto=webp&s=dbf1ac2b34080b60690ed448ed917fbce742f990)
+
+**1932 Ferdinand Pecora** was an immigrant working class kid from Sicily who put himself through New York Law School. He was hired in 1932 by the Senate Banking Committee to investigate the causes of the crash, to do a whitewash, but he didn’t get the memo. His hearings exposed such practices as pools to support bank stock prices. Such as Let’s all coordinate trades to pump up the stock. Sound familiar? GameStop?  National City Bank (now Citibank) had hidden bad loans by packaging them into securities and selling them off to unwary investors. Sound familiar? Mortgage-backed securities that tanked? And that the bank sellers knew would tank?
+
+The findings of the Pecora Commission exposing corruption of the financial industry let to public support for regulation, -- it took really dirty stuff to move the pubic -which would be the Glass–Steagall Banking Act of 1933, the Securities Act of 1933, and the Securities Exchange Act of 1934. That last set up the SEC.
+
+Franklin Roosevelt appointed Joseph Kennedy (father of Jack and Robert) SEC chair. He had built the family fortune on financial manipulation, but Roosevelt thought he knew where the bodies were buried, who the miscreants. So the SEC cleaned up the Wall Street stables for five years. Then Kennedy’s buddies of the financial oligarchy took charge again, in early regulatory capture.
+
+Pecora wrote a memoir, Wall Street Under Oath. He said: "Bitterly hostile was Wall Street to the enactment of the regulatory legislation." What, the thieves don’t want rule of law? About disclosure rules, he said that "Had there been full disclosure of what was being done in furtherance of these schemes, they could not long have survived the fierce light of publicity and criticism. Legal chicanery and pitch darkness were the banker's stoutest allies." Think about who are their allies today.
+
+​
+
+[Irving Pollack-  Father of the SEC Division of Enforcement](https://preview.redd.it/kulo5kk756171.jpg?width=354&format=pjpg&auto=webp&s=89e834a1f13f04b2d889fdc66e9156d0bab67db1)
+
+​
+
+**1985 Irving Pollack**
+
+Fast forward about half a century. With the support of friends in Congress, Wall Street has neutered the securities acts by assuring the SEC would not enforce them. It made sure its foxes were guarding the henhouse. But the corruption was sometimes inconvenient. In 1985, the National Association of Securities Dealers, now FINRA, which represents the brokers, hired Irving Pollack, a former SEC commissioner who was honest, to look at short selling. Among his report’s proposals: reporting of short interest – the amount of short sales not yet covered -- should be public and perhaps more frequent. A borrowing for delivery in broker-dealer transactions should be required. A mandatory buy-in should be adopted for a delivery after a reasonable period when there has been a fail. That means the broker for the buyer who hasn’t gotten the shares can buy them on the market and charge the short seller’s broker. There should be surveillance of large short-interest positions, shorts not yet covered.
+
+Did the SEC adopt these proposals with enthusiasm? Obviously not. Short interest is not reported frequently. Broker dealers “locate” instead of borrow or they use counterfeit shares. There’s no buy-in. Buy-ins were allowed but not required. And Leslie Boni, an academic who in 2004 did a paper for the SEC on buy-ins said they were rare. But requiring buy-ins would make the stock go up, the shorts lose money.
+
+And there was no surveillance of large short-interest positions.
+
+In fact, corruption would be increased thanks to friends of Wall Street president Bill Clinton and his collaborator Treasury Secretary Robert Rubin (formerly of Citibank) who in 1999, killed the Glass-Steagall Act which had separated investment banking from retail banking. Retail banks till then could not use depositors' funds for risky investments. Only 10% of their income could come from selling securities.
+
+That sets the stage for the last few decades.
+
+**2004** RegSHO set up to fail
+
+The SEC, battered with complaints, in July 2004 promulgated Reg SHO, SHO for short selling. The hedge funds and big brokers who had been or would be shown to be illegally shorting all lobbied against it. It was a tepid reform of short selling that was Swiss-cheesed with loopholes. Think of Al Capone writing the tax laws. (On the other hand, his crooked progeny do write the tax laws!) Reg SHO would be implemented in 2005
+
+The SEC knocked out a proposal for penalties for failing to deliver.
+
+And it wrote two giant exceptions into Reg SHO. Ex-clearing and market makers.
+
+The rule didn’t apply to ex-clearing, which means clearing outside the DTCC, The Depository Trust Clearing Corporation, the national stock clearing company. (Yes, it’s a private company owned by the broker dealers) It applied only to trades going through a registered clearing agency, i.e. what got sent through the DTCC. It said ex-clearing was “rare.”
+
+Sales that avoided clearing agencies could fail – not be delivered -- without buyers’ brokers reporting the fails to the DTCC or buying in, requiring the short sellers broker to buy shares on the market and deliver them. To protect short sellers and avoid Reg SHO, dealers went ex-clearing. They either cleared internally or with a cooperating broker-dealer or they went through dark pools. They were private exchanges set up by the big prime brokers and banks.
+
+The major perpetrators are the large banks, doing it for large clients, hedge funds, or their own accounts. If they can do the transaction privately \[ex-clearing\], RegSHO doesn’t apply. Now about 40% of trades go through dark pools. *If a trade failed ex-clearing, it didn’t fail at the DTCC!*
+
+Reg SHO also didn’t apply to derivatives, the financial casino bets acknowledged as a prime cause of the current economic crisis and which also did not trade through a clearing house.
+
+Even stocks that cleared through the DTCC were not always covered. The brokers got a “grandfather clause” that allowed existing fails to continue! Because we know that brokers simply rolled them over. And brokers didn’t have to close out the shares they had sold short before the stock went on the Threshold List which includes shares that for five consecutive settlement days had fails to deliver of 10,000 shares or more at a clearing agency and where the level of fails was equal to at least one-half of one percent of the issuer’s outstanding shares.
+
+Then brokers were subject to mandatory covering only on the fifth day. Then the broker-dealer had 13 days to deliver the shares to the buyer or lender, and if it failed to do so, it could not trade that stock until it did. But the SEC knew, because staff wrote a paper on it, how options conversions allowed brokers to put off fail dates forever.
+
+**MARKET MAKERS**
+
+RegSHO allowed an options market maker exception, called after the person who designed and pushed for it: the Madoff Exception! (Did I say the crooks wrote the rules?)
+
+​
+
+[Bernie Madoff, who died in prison in Apr 2021](https://preview.redd.it/ndifb6fvk6171.png?width=1482&format=png&auto=webp&s=4b96285ed2e17c6fa057802f34861c4c532400c0)
+
+In prison in 2012 Madoff told Forbes journalist Diana Henriques: “I fell into my crime of staying Naked Short. The fact that the prosecutor and Trustee seemed clueless of this is why my frustration is so great.” Clueless, or complicit? You just don’t go there.
+
+The SEC in 2007 eliminated Uptick Rule that requires short sales to be conducted at a higher price than the previous trade. Not helpful if the purpose is to batter down the stock price. It was never enforced.
+
+2008 **Stock lending and taking care of the banks**
+
+According to the SEC Office of Economic Analysis (2008) Reg SHO in effect since 2005 had not reduced outstanding fails. Many stocks remained on the SEC Regulation SHO Threshold List for hundreds of trading days
+
+For years, the SEC claimed naked short selling and fails to deliver were not a problem. Once things began to go sour in 2008, the first thing the SEC did was ban naked short selling in 17 financial stocks plus Fannie and Freddie. It was ironic, since the big banks/brokers had been carrying out the scam on others. Hoist on their own petard.
+
+And they chose the solution that people battling naked short selling had advocated for years. A July 2008 order said no traders could make trades involving those institutions unless they had pre-borrowed the security or otherwise had it available in their inventory. They had to deliver the security on the settlement date. Borrow shares before you sell them short. Stop the counterfeiting. All the regs that came out were because naked shorting, the counterfeiting of shares, was undermining banks. The SEC went from nothing is happening till the fall of 2008 that the market coming apart because of naked shorting. They chose the solution that people battling naked short selling had advocated for years. Borrow shares before you sell them short. Stop the counterfeiting.
+
+The SEC said it was investigating the collapse of Bear Stearns. It had been massively naked shorted. The SEC didn’t come up with anything.
+
+​
+
+[Ted Kaufman- former US Senator, Delaware](https://preview.redd.it/jca68d5g56171.jpg?width=330&format=pjpg&auto=webp&s=741e78b0f0b0ac9ab85b0f27f872316eabbca976)
+
+​
+
+**2009 Kaufman and the hard locate**
+
+A little-known backstory involved former Delaware Senator Ted Kaufman who ran Biden’s post-election transition team. It shows how big stock market players and the institutions they control have blocked attempts to deal with naked short selling. Kaufman was Biden’s longtime chief of staff, and was named to the Senate seat vacated by his boss when Biden became Barack Obama’s vice president.
+
+After the 2008 market meltdown that included abusive naked short selling of Bear Stearns and Lehman Brothers, Kaufman, a Democrat, and Georgia senator Johnny Isakson, a Republican, introduced legislation that directed the SEC to write regulations to end the practice. They determined that the SEC’s current regulations were unenforceable. Hedge funds could spread rumors, do massive shorts without locating stocks, and deliver after the prices dropped.
+
+In July 2009, Kaufman and six colleagues from both parties wrote to the SEC, proposing a “hard locate” plan that would ban all short sales unless the executing broker first obtained a unique identification number for the shares, perhaps through an automated centralized system. This would prevent multiple short sales on the basis of a single share.
+
+According to Jeff Connaughton, then Kaufman’s chief of staff, months before the letter, “the DTCC (the national stock clearing agency) had gone to the SEC with a proposed solution to naked short selling that looked like Kaufman’s solution, with the DTCC creating a centralized database that would prevent the same shares from being used for multiple short sales.
+
+The DTCC told Connaughton, ‘We got pulled back.’ They meant, he said, by their board, by the Wall Street powers-that-be.” Because in the case of the DTCC as well as the SEC, the fox is guarding the henhouse.
+
+In 2009 staffers of the Senators met with the SEC’s Enforcement Division to find out the status of its investigation into the naked short selling of Bear Stearns and Lehman stock. SEC lawyers told them they’d have to be patient and that the investigation would take at least another year. It never happened.
+
+​
+
+[Ted Kaufman as long time advisor to the current President](https://preview.redd.it/m6a9h2jl56171.png?width=263&format=png&auto=webp&s=4074499e1301f9ad2712d1a806d20a0383873fa2)
+
+**2010** Kaufman continued to try to fight naked short selling in the Dodd-Frank debate. SEC had been ordered by the Dodd-Frank law of 2010 11 years ago to require more transparency in short selling and stock lending. It has ignored it.
+
+There were some alleged improvements made that year, 2008.
+
+The market makers exemption was eliminated, because the SEC said substantial levels of fails had continued in Threshold securities, and a significant number were the result of market maker exceptions. But they still had 6 days to settle their trades. So you have market makers failing and rolling their shares over every 5 ½ days.
+
+The grandfather provision on Threshold securities was eliminated. Unless its position in Threshold securities was closed, a broker-dealer couldn’t effect further shorts in them without borrowing or arranging to borrow the securities. Don’t worry, they finessed that.
+
+The amendments addressed fake borrows. It said that where a broker-dealer entered into an arrangement with another party to purchase or borrow securities, and the broker-dealer knew or has reason to know that the other party would not deliver securities in settlement of the transaction, the purchase or borrow would not be *"bona fide.”*
+
+It repeated that: “The NSCC  - clears and settles the majority of equity securities trades conducted on the exchanges and in the over-the-counter market.”
+
+So the rules still didn’t apply to ex-clearing and dark pools. So the ex-clearing route to naked shorts was protected. fails could be concealed at the start by ex-by not reporting them to the NSCC, the National Securities Clearing Corporation.
+
+In fact, the dealers could use ex-clearing to opt out of fails from trades through the exchanges. They could take them onto their own books and deal with the fails as they chose to, meaning do nothing, let the fails sit\*.\*
+
+And protecting the interests of the big banks/brokerages, the SEC did not include a hard locate requirement in its amendments to Reg SHO.
+
+But the SEC occasionally takes enforcement actions that go after low-hanging fruit, ie don’t bother anyone significant or don’t order more than minor penalties, the cost of doing business.
+
+**2003 Sedona/Badians**
+
+The Sedona case, where the Badian brothers ran a death spiral financing scheme that in 2001 involved providing a loan that would be repaid in shares. And then it did a massive shorting attack that knocked down the price of the shares from $6 to 20cents. the SEC in February 2003 filed a complaint against Thomas Badian and his company, Rhino, for fraud and market manipulation of Sedona shares. Badian and Rhino immediately settled with the SEC for a $1-million fine without admitting or denying guilt. The $1 mil was a pittance, cost of doing business.
+
+In 2006, the SEC filed a civil suit against Andreas Badian, four officials of Pond Equities and a trader at Refco, all involved directly in the naked shorting, but not against Ladenburg, the high-profile broker-dealer that facilitated the deals and collaborators.
+
+​
+
+https://preview.redd.it/fqrt6qam66171.jpg?width=960&format=pjpg&auto=webp&s=f91e36651dc8f18ba0e83a6e77d3bc079b718f3c
+
+​
+
+**2005 Eagletech**
+
+Eagletech, which had an invention, new at the time, to push phone calls to other devices. letting people to usee a single phone number that followed them from phone to phone. He became a target of a group of death spiral financing criminals working with Salomon Smith Barney in New York five Salomon officers and a group of investors offering to buy convertible preferred shares from Eagletech for up to $6 million
+
+They did a pump up and then naked shorting so the stock dropped from $14 to 75 cents, reducing the market value by $113 ml. The stock went to 2 cents. The FBI was investigating. They busted 17 members of organized crime, including the crooks that ran the scheme against Eagletech.
+
+**SEC filed suit** against Serubo, Labella and organized crime collaborators who ran the corrupt operation that got control of stock of Eagletech. It said they generated in excess of $12.7 million from the sale of Eagletech stock. Members of his Salomon Smith Barney financing team and their options market-makers in Chicago were selling shares and then failing to deliver.
+
+Serubo, Labella and organized crime collaborators would be banned from penny stock trading and pay back the ill-gotten gains and fines. I couldn’t find any penalties against the Salomon Smith Barney team or their options market maker collaborators.
+
+Then the SEC filed suit against the victim, Eagletech, to deregister its shares because it couldn’t afford several hundred thousand dollars to file audited financial reports. The delisting is like a bankruptcy, all investors are wiped out and the naked shorters never have to cover. The SEC finished what the mob started, it killed the company.
+
+**2007 Goldman**
+
+From at least March 2000 to May 2002, that’s more than 2 years, certain customers of Goldman Clearing used the firm's direct market access, automated trading system to unlawfully sell securities short in advance of follow-on and secondary offerings when they could get the shares cheaper.
+
+Although they were selling the offered securities short, used Goldman Clearing's direct market access, automated trading platform, the REDI System, preparing their own orders to sell on computer terminals and falsely marked them “long.” The orders were routed directly to the New York Stock Exchange and other markets for execution.
+
+Goldman Clearing's own records contained information that Customers were selling securities short and that they were misrepresenting their “short” sales as “long”. Goldman Clearing's records showed that the customers were repeatedly failing to deliver to Goldman Clearing the securities that they purported to sell long.
+
+So for two years of allowing shorts to be marked longs, Goldman had to pay civil money penalty of – wait for it -- $1 million
+
+**2012 SEC v OptionsXpress**
+
+OptionsXpress, a wholly-owned subsidiary of Charles Schwab repeatedly engaged in sham transactions, known as “resets,” designed to give the appearance of having purchased shares to close-out an open failure-to-deliver position while in fact not doing so.
+
+OptionsXpress had its customers buying shares and simultaneously selling call options that were the equivalent of selling shares short. The purchase of shares created the illusion that the firm had covered the short; however, the shares were never actually delivered to the buyers because on the same day, calls were exercised, effectively reselling the shares. The purpose was to perpetuate an open short position.
+
+In 2009, the six optionsXpress customer accounts bought $5.7 billion worth of securities and sold short approximately $4 billion of options. They did this to a couple of dozen companies. In January 2010, the customers who did the scam accounted for 48% of the daily trading volume in Sears. In the end OptionsXpress had to pay $4 million. Cost of doing business.
+
+​
+
+[Gary Aguirre- Former Investigator for SEC & Whistleblower](https://preview.redd.it/si49uknr56171.jpg?width=206&format=pjpg&auto=webp&s=56bf1d0512b8fdfc9e42c662d506fd8bc85c821f)
+
+​
+
+**The insiders tell the SEC corruption**
+
+The story of Gary Aguirre says it all
+
+As a student at Georgetown Law School, Aguirre got a prize from the SEC for paper on Wall Street corruption as detailed in the Pecora hearings that led to passage of the Securities Act of 1933. So we know where he stands.  In September 2004, he started as a senior counsel at the SEC Division of Enforcement. He said, “I understood what SEC was supposed to be doing: keep Wall Street from running amok. The SEC in July had promulgated Reg SHO, which it said would stop abusive naked short selling.  He recalled, “The first thing I noticed is there seemed to be a deference to the large law firms who represented Wall Street players. And there were a lot of people there not at the same skill set level as the attorneys representing some of the players from Wall Street.
+
+Aguirre was assigned to an investigation that implicated a powerful Wall Street insider. John Mack had been head of the hedge fund Pequot Capital Management. The suspicion was that Mack had tipped Pequot’s then CEO, Arthur Samberg, of General Electric's pending acquisition of Heller Financial. Mack was the only suspect. Without that investigation, the SEC would never be able to even consider the filing of insider trading charges against Mack, Samberg, Pequot or anyone else arising out of Pequot’s trading in GE and Heller
+
+Aguirre refused to stop his investigation; Senior officials within the SEC's Division of Enforcement blocked an SEC subpoena seeking Mack’s testimony and records in the investigation. Aguirre had contacted the Office of Special Counsel to discuss the filing of a complaint about the SEC’s protection of Mack. Three days later, while on vacation, Aguirre was abruptly fired without warning on September 1, 2005, he was fired by phone.
+
+An SEC official told him it would be very difficult to take Mack's testimony because of his political influence. He told him that Mack was "an industry captain," that he had powerful contacts . . . , that Mary Jo White could contact a number of powerful individuals, any of whom could call Linda about the examination. Mary Jo White was a lawyer at a Wall Street firm, Linda was Linda Thomsen, the head of enforcement. Aguirre confirmed the conversation in two e-mails to the official the next morning. The first email referenced Ferdinand Pecora.
+
+Aguirre gave key papers to Charles Grassley on the Senate Finance Committee. And to the Judiciary Cmte. There were hearings in 2006.
+
+He told Congress that an SEC official told him it would be very difficult to take Mack's testimony because of his political influence. The official told him Mack was "an industry captain," that he had powerful contacts . . . , that Mary Jo White could contact a number of powerful individuals, any of whom could call Linda about the examination. Mary Jo White was a lawyer at a Wall Street firm, Linda Thomsen was head of enforcement.
+
+He said the SEC “favor” to Mack cleared the way for his return on June 30, 2005, as Morgan Stanley’s CEO with no danger of an SEC lawsuit for insider trading. Mary Jo White would become chair of the SEC 2013 to 2017, appointed by Wall Street’s favorite guy, Barak Obama, who apparently didn’t know the Aguirre story.
+
+Later David Kotz, the SEC's inspector general, said he had found evidence that "raised serious questions about the impartiality and fairness" of the SEC's investigation of possible insider trading at the Pequot Capital Management hedge fund.
+
+Kotz also condemned what he called the "common practice" of giving outside lawyers' clients access to high-level SEC officials when they had complaints about front-line investigators. Kotz made numerous recommendations for reform, which the SEC ignored.
+
+Aguirre sued the SEC and won ¾ of million $ in back pay and damages.
+
+Mack, after being CEO Morgan Stanley, became CEO of Credit Suisse, then chair of Morgan Stanley and now is senior advisor to the global investment firm Kohlberg Kravis Roberts, whose strategic partners are hedge funds.
+
+​
+
+[Mark Fickes](https://preview.redd.it/odru363cqa171.jpg?width=200&format=pjpg&auto=webp&s=852f95acbb1d5354e65c9f6b1fc32c131c93a32a)
+
+​
+
+**2005 Fickes and Overstock, Chris Cox**
+
+Here’s another case of an SEC staffer who tried to do the right thing but was pulled back. In August 2005, Overstock.com filed suit against hedge fund Rocker Partners and the equities research firm, Gradient Analytics saying they illegally colluded in short-selling the company while paying for negative reports to drive down share prices.
+
+Byrne took his information to the SEC. Mark Fickes of the SEC San Francisco office. He said, “Look at the patterns, their stocks are naked shorted by Dan Loeb, David Einhorn, Steven Cohen, David Rocker. \[Look at\] the dates journalists Bethany, Boyd, Remond, Greenberg wrote trash jobs.  \[that was Bethany McLean writing for Fortune, Carol Remond for Dow Jones, Roddy Boyd for the NY Post, Herb Greenberg for MarketWatch\] Byrne said, “It was the same pattern, each one of these one of these journalists writes a hatchet job, there is naked shorting, SEC action begins against them, and the Milberg Weiss lawsuit. In every case, it’s part of same bum rush on the stock.”
+
+Byrne argued that Gradient, an investment advisor which was putting out fraudulent reports the shorters used, should be investigated – and that the journalists were central to his case. The subpoenas were issued to Carol Remond and Herb Greenberg to provide information about conversations that they had with stock traders and analysts.
+
+Fickes issued the subpoenas with the approval of the SEC’s head of enforcement, Linda Thomsen. It was announced that the SEC was investigating Gradient and had issued subpoenas to Carol Remond, Herb Greenberg and to Jim Cramer of TheStreet. David Rocker sold his shares in TheStreet. A month later Cramer sold some of his shares.
+
+Bryne: “Jim Cramer gets a subpoena; you have three days to disclose it. He knows TheStreet will crater, he can’t just go sell it with undisclosed material information. He can get a plan to sell x amount per quarter after he gets the subpoena. TheStreet broke under a dollar.”
+
+“Why would a hedge fund guy have an interest to own a financial publication? Cramer discloses in his books stuff that is widely illegal. Protection for journalists is about protecting sources about stories they are writing, not about their own corrupt market manipulation.”
+
+The question is whether freedom of the press extends to reporters whose articles are part of  illegal naked short selling scams. Fickes wanted to know.
+
+​
+
+[Chris Cox- Former SEC Chair](https://preview.redd.it/s650tr5z56171.jpg?width=330&format=pjpg&auto=webp&s=e085154954818611d3c78b7b0ed95a00a02303c7)
+
+​
+
+He was summoned to Washington to meet with the new SEC chair, Cris Cox. Ultimately, Byrne said, the SEC caved under the media pressure. Cox killed the subpoenas and the SEC dropped its investigation of Gradient. Cox was SEC chair when Gary Aguirre was fired.
+
+**What should the SEC do now? Solutions are there if it wants to protect investors, not do as it is told by the big broker-dealers.**
+
+* Require buy-ins. Require the broker of the investor who doesn’t get shorted stock delivered to buy it on the market and charge the seller’s broker. Of course, requiring buy-ins would make the stock go up, the shorters lose money.
+* Restore the uptick rule so shorters can’t sell for less that the last shorted trade. That would stop shorters hammering a stock down to bankruptcy.
+* Create a consolidated audit trail (CAT) to collect order and trade execution information to identify and enable punishment of illegal trading activities, including naked short selling. More than a decade after the SEC promised it, following the 2010 flash crash, CAT doesn’t exist.
+* Impose real penalties on transgressors, like loss of license.
+* Send cases of serial trading cheats to the Justice Department for criminal prosecution.
+* End the revolving door with Wall Street.
+* What will Gary Gensler do? And will he listen most to the pushback from the big brokers or investors like people on Superstonk?
+
+​
+
+[Gary Gensler- Current SEC Chair](https://preview.redd.it/8x1el37566171.jpg?width=988&format=pjpg&auto=webp&s=296865c7cefe2fbb38b2ce25f4e6730bb498fa2a)
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Questions
+
+https://preview.redd.it/wwox8t4896171.jpg?width=998&format=pjpg&auto=webp&s=01378e780fc8c6f174a6c840b76132b2b9e33c1e
+
+* You mentioned in your last interview that NSS has been going on for a very long time, but that it ends with Gamestop. Can you clarify further *how* you see this ending with Gamestop?
+
+\>LK: I meant the story I tell in the book I am writing ends with GameStop. NSS goes on.
+
+https://preview.redd.it/x8tcjb0m96171.png?width=1234&format=png&auto=webp&s=051d06480a45392f1cf48bd7579fc85a6f609447
+
+* Understanding that this is an unprecedented situation, we would simply like your personal opinion: Do you think that Wall Street/ US Gov't could/would pull some "trickery" to prevent the short squeeze from happening? What rules are they unable, or unwilling to break?
+
+\>LK: We saw in GameStop trickery using dark pool trades of single shares. We know -- even the SEC admits -- that brokers create fake options conversions shares. They will break every rule, helped by the SEC which chooses not to enforce or orders mild penalties.
+
+[now i want to play stardew valley](https://preview.redd.it/6prc9two96171.jpg?width=1079&format=pjpg&auto=webp&s=5901203d74c13d3f0177dc484a6838a6b62a12e6)
+
+​
+
+* What is your recommendation for finding a trustworthy, easily digestible news source for those of us who "don't have the time" to watch full hearings or read full bills?
+
+\>LK: Depends on the subject. An aggregator I like is Naked Capitalism which has a lot of economic stories. The Daily Poster of David Sirota. I think the American Prospect that ran my NSS story is good. You have to try various online media to find the ones that do what your asking.
+
+​
+
+[ ](https://preview.redd.it/iosfnjcv96171.jpg?width=1080&format=pjpg&auto=webp&s=dc409dc5f02241f1aa8d009096fcb65758e029a9)
+
+*For clarification- The Hearings will be held: by U.S. Senate Committee on Banking, Housing, and Urban Affairs on May 26, and by the U.S. House Committee on Financial Services on May 27.*
+
+* Congress has 2 hearings scheduled this week that are bringing megabank execs up to testify. In your opinion, will the correct questions be asked, or do you believe this is just political theatre?
+
+\>LK: It's political theater. This is the same congress that has not reinstated the Glass -Steagall act of 1933 that separated commercial and investment banking, meaning keeping depositors' money from being used for banks own investments. thanks to Bill Clinton and Robert Rubin, the friends of Wall Street. You can tie the 2008 crash to that.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Thank y'all again for being so awesome through technical difficulties!! The show must go on, right?
+
+​
+
+# Thanks again to Lucy Komisar for joining us for a second time. Lucy will be back next Wednesday to speak with Wes Christian. Details to come in tomorrow's Jungle Beat! Be sure to follow u/theJungleBeat so you catch the latest news from around Superstonk, every day at market close!
+
+​
+
+# I did speak to Lucy on the phone tonight and we agreed to both have a glass of wine in honor of Supertonk. And she said she will be sure to charge her iPad ;) 🥂
+Using data pulled from [maximum pain dot com](http://maximum-pain.com/options/GME) on today's option chain, there were:  
+
+36,316 calls that expired OTM with strike prices from $107 to $170
+
+24,025 calls that expired OTM with strike prices from $172.50 to $250
+
+That's 60,341 calls that went kaput with prices that might have seemed reasonable if you chose to follow the options push around here when GME's price was riding between \~ $170 and $240 in September, October, and November. Hell, even December, too, if you went shorter term.
+
+Another 26,053 calls expired OTM with strike prices from $260 to $480 (GME's highest historical price). 
+
+Another 90,338 calls expired OTM with strike prices from $490 to $950, just for the record.
+
+Meanwhile, if you bought shares either directly through Computershare or a broker and then DRS'd them, nothing expired. You have real shares, in your name, that no one can touch, and since the price is wrong and you're not going to sell them until you can name your price, how much you bought them for is essentially irrelevant. Their value is tied to the idiosyncratic risk of GameStop, and therefore at this point, priceless.
+
+They are going to throw every kind of fuckery at us possible to try to stop MOASS from happening. Diamond Hands isn't about holding through dips, it's about being immune to the total and complete asshattery that the entire system is going to try to drop on us to shake loose shares from those who cannot stomach it. This includes screwing with the options chain, draining money from people via premiums, stopping you from buying real shares, and instead counting on you gambling on the idea of turning a little money into a lot of shares.
+
+Here's a better idea - let's all turn our little shares, no matter how many you have - X holders to XXXX holders - into a LOT of fucking money. Let's lock the float and END the fuckery.
+
+Buy. HODL. DRS. Shop Gamestop.
+Rent is nearly 90% of my income. I don’t know why rent is so expensive in Chicago. I live in a STUDIO and you’d think the rent would be cheap but it’s absolutely not. I’m barely able to make my payments for student loans. In a mountain of credit card debt. Then there’s that surprise car repair that’s gonna cost almost a grand to fix. Even worse is that every job wants to pay less than 20 an hour. I am always just one paycheck away from losing it all.
+So, here I made a losing trade just moments ago. My stop was triggered while I was having breakfast. I didn't look at my phone twice nor did I complaine or rant about it. It's not hurting like it used to 5 years ago when I set feet in this path; as a matter of fact when I saw my stop order trigger earlier, it didn't even interrupt my breakfast. Why am I telling you this? Because this kind of attitude is what I've been training myself for and you should be as well. I see people here posting rants and complaints to show their anger and despair when they're losing and celebrating when they win. A professional just don't do that. They just don't. If you're one of those who celebrate the winnings (myself included months ago) that just shows how much you still have to learn! Doing that is like seeing a dentist celebrate after filling a cavity or a meth cheff celebrating a high-purity yield on a batch that they just cooked. You get it right? So, focus on execution and don't get too emotional, is the moral of the post!
+ 
+
+[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c)
+
+**Please keep ALL conversations contained to Gamestop and directly related topics.**
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Brand new to the sub? Start here!
+
+***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.*
+
+https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd
+
+The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you:
+
+# [GME.fyi](https://fliphtml5.com/bookcase/kosyg)
+
+[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules.
+
+**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules)
+
+**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it.
+
+**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq)
+
+**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource.
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+# Flair Links
+
+Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile.
+
+[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22)
+
+\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
+
+***What's This Post All About?***
+
+The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post.
+
+If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point.
+
+Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!*
+https://www.cnn.com/2022/03/16/energy/russia-oil-output-opec/index.html
+
+Russia could soon be forced to curtail crude oil production by 30%, subjecting the global economy to the biggest supply crisis in decades — that is, unless Saudi Arabia and other major energy exporters start pumping more.
+
+The world's second-largest crude oil exporter could be forced to limit output by 3 million barrels per day in April, the International Energy Agency warned on Wednesday, as major oil companies, trading houses and shipping companies shun its exports and demand in Russia slumps. Russia was pumping about 10 million barrels of crude per day, and exporting about half of that, before it invaded Ukraine.
+
+"The implications of a potential loss of Russian oil exports to global markets cannot be understated," the IEA said in its monthly report. The crisis could bring lasting changes to energy markets, it added.
+
+The IEA, which monitors energy market trends for the world's richest nations, said that refiners are now scrambling to find alternative supply sources. They could be forced to reduce their activity just as global consumers are hit with higher gasoline prices.
+
+So far, there's little sign of relief. Saudi Arabia and the United Arab Emirates are the only producers with significant spare capacity. Both countries are part of the 23-member OPEC+ coalition, which also includes Russia. OPEC+ has been increasing its collective output by a modest 400,000 barrels per day in recent months, but often fails to meet its own targets.
+
+"The long-running inability of the bloc to meet its agreed quotas, mostly due to technical issues and other capacity constraints, has already led to sharp draws in global inventories," the IEA said. If major producers do not change course and open the taps wider, global markets will be under supplied in the second and third quarters of 2022, the agency warned.
+Latest update in my process of transferring to Fidelity, I asked them to resubmit my transfer of [assets request which after Chase finally told me they rejected it](https://old.reddit.com/r/Superstonk/comments/muslxz/my_transfer_from_jpm_to_fidelity_was_rejected_for/).
+
+So I called Fidelity, their customer support was fast and courteous and they refiled the request within 10 minutes yesterday. 
+
+Now I called Chase bank back this morning and my **REQUEST WAS CANCELLED AGAIN**.  I ended up spending *1 hour on the phone* with their customer support before they finally admitted that they cancelled it erroneously and they're now asking me to resubmit the transfer.
+
+They continue to be evasive and delaying when transferring my GME shares.  They won't give me a straight answer about why they are rejecting or taking too long.  Also these rejections have all been silent, without them notifying either Fidelity or myself.  They're just trying to sweep it under the rug and prevent users transferring out shares.
+
+Fuck Chase bank.
+
+**EDIT** Have now asked Fidelity to resubmit the transfer request for the **THIRD** time.  Ball is in Chase's court again.
+
+**EDIT 2** Another hour on hold with Chase and no real response from them.  More delays and evasions.  The amount of anger I am feeling at this company right now is hard to put into words.
+
+**EDIT 3** Called again and they hung up on me.  ~~Audio recording from latest call with hold times and identifying data edited out~~
+
+**EDIT 4** Deleted recording link
+
+**EDIT 5** Since this gets asked a lot, here are my reasons for leaving YouInvest:
+
+* JPM's risk exposure to Citadel/GME squeeze is too high for my comfort.  I consider that there is a high risk their broker fails in the event of a GME squeeze.  When they raised $13 billion in bonds last week it seemed too coincidental and risky for my comfort and prompted me to move my position out.
+* Their web UI enforces arbitrarily low sell limits ($1000), and you have to call customer support to place orders over $1 million
+* Terrible customer service
+* They denied my application for level 2 options trading several times with no explanation.  I was able to get the same approval on Fidelity within the same day I opened an account.
+* No after hours trading support
+
+**EDIT 6** after about 6 more calls and threatening to file a complaint with the CFPB they **finally** started the ACAT transfer of my GME shares into Fidelity.  I also sent them a link to this thread which may have helped.
+ARKK -45.024
+ARKG -31.702
+ARKW -480.745
+
+A friend was telling me that these etfs were the next up and coming. Currently doing my due diligence, but I couldn't help but notice the negative p/e ratio that none of my other etfs have. Is this a major red flag or keep researching and put this piece of information to the side? I see conflicting views on this that it could be a buy sign(industry, time not profitable) or to avoid it like the plague. What are your thoughts and why?
+ Seriously, Nancy Pelosi averages 10x returns per year in the stock market but Congress is too busy with shitting on Crypto. Hypocrisy at its finest. Oh, I forgot, maybe most congress members are making inside tradings. Maybe thats why they don't give a f\*ck about its members insider trading suspects and they are dealing with crypto instead.
+
+>AOC pushes back on Pelosi: 'No reason members of Congress should hold and trade individual stock'
+
+Another headline;
+
+>Pelosi said it's fine for lawmakers to trade stocks. She's wrong.
+
+The System is fucked up.
+**Background:** I am 24F living in NJ/NYC and I want to get the ball rolling on my real estate investing journey. I understand it is a long game and my goal is to have 50 units in the next 10 years and hopefully be cash-flowing around $15k per month. I feel it is doable if I play my cards right. I am currently renting in NYC which I know is a big sunk cost but I am young, all my friends live here, and my job is here. I will likely move out of the city in the next few years after I \*hopefully\* am in a relationship and my other friends start moving out (or I'll just be alone and lonely and get out anyway). I have around $50k in cash and make around $80-110k per year between my main job (software dev) and my side biz.
+
+I see my options as the following: 
+
+**Option 1:** Start buying SFH rentals out of state (maybe midwest or southeast) where it's more affordable to scale quicker. I would ideally like to pick 1 city and stick with it so I can keep my team of people consolidated. However I understand many of the lower priced, cash flowing properties are going to be in bad areas and appreciate less. Does that make them a bad decision? Lower home prices are attractive because I feel I could diversify more.
+
+**Option 2:** Try to do BRRR, or flip, or rent etc locally in NJ. My dad is very handy and can do a lot of the work for me. Home prices here are higher though so I am concerned about not being able to scale at the rate that I'd like. NJ taxes also kill.
+
+**Option 3:** At my family's home, there is a 3 car garage with a large, unfinished loft above it. I was thinking of finishing that off and then renting it out. It could be a good sized 2bed/1.5 bath loft or larger potentially. I'd estimate it could rent for 1200 minimum. Obviously I would need to work these numbers out more to know for sure, but wasn't sure if there was something blatantly wrong (or good) with this idea. I would give part of that cash to my parents for their mortgage, but they already said they wouldn't mind because they never use it anyway.
+Hey all,
+In the process of moving to the UK, expect to be there in about a month. We currently live in the states and aim to continue being frugal once we move. What are some money saving tips you guys have, especially with regards to UK specific stuff (where to shop, groceries, banking, cars/car maintenance/insurance, housing and utilities, etc...)
+It was supposed to be easy, they said.
+
+Back when I was but a young trader, deep in my truly wilder swing-trading days (last month) I had grown quite fond of picking up whatever shitcoin was being plugged on this front page.
+
+FWD, BOSE, HODL, PIG, whatever seemed even mildly legitimate was fine by me. After all, I’m supposed to be rewarded just for being on BSC, a place where few dare roam. As long as I get enough different coins, eventually I’ll strike gold.
+
+But hours went by. A full day even. And I didn’t have my fortune. So I started selling off all these coins that I honestly hadn’t even really done a lot of homework into. It just wasn’t worth spending all day checking this stupid SAFEMOON, and honestly, what does PBOM even do?
+
+Oh yeah and LIGHT? These transaction fees are completely outrageous, 11%? Sorry, no way, doesn’t work for a swingie like me. Lucky for me, it just 3x’ed, so I’m out.
+
+The next few days unfolded like a nightmare that wouldn’t stop. If I had only been battered to that point, I was surely broken as PBOM and SAFEMOON enjoyed their nice 100x ride. And Lightning? Well, Lightning made another leg up, and another leg up, and another leg up. I stopped paying attention after a while and vowed to forget the price I sold at.
+
+I honestly still don’t remember, but I know it was more than two weeks ago. So, considering it’s at $.34 currently, and it was $.03 just two weeks ago… well, safe to say, I’ve been Bogged.
+
+So why the hell would I buy back in? Is it because I’m a FOMO buying SOB whose doomed to stay forever poor? How could I go back to Lighting after I abandoned it due to its lackluster website and because I couldn’t understand what problem it was solving through it?
+
+Well, for starters, I’m a changed man looking for smart long-term holds and to enjoy the pleasures of a full nights sleep again. I’m no longer a swingie begging to be punished by the  Lightning Protocol’s holder-friendly system. **And while I’ve changed, the market and Lightning have changed even more drastically than I could have imagined.**
+
+As anyone who has a pulse on BSC has noticed, we’ve entered the era of the useless deflationary asset. Memes, NFTs, whatever even mildly interesting asset they can pitch to convince you they’re not selling a complete pile of garbage.
+
+But Lightning’s **not fucking around** like that. No, Lightning has cut off its dead weight, hiring a brand new **designer who previously worked with Google** to give a level of presentation that matches **Lucas, the founder and lead developer of Lightning, and his previous experience working as a software engineer for Allianz.**
+
+Lightning has moved onto rebrand completely with a revised whitepaper in the works and a focus on their upcoming **Lightning Incubator, the Lightning Protocol now serving as the engine for the ecosystem**. While there are many launchpads looking to help legitimize the Wild West that is BSC and put an end to the ceaseless rug pulls, most have just ended up as disappointments providing IDO’s that flounder after listing or are just copycat ideas of things already on Ethereum.
+
+Knowing full well that it only takes a handful of failed launches to shake investor confidence, Lightning is determined to create an ecosystem of success for each project it brings on. With its network of promoters and project partners, Lightning will be rolling out their Lightning Incubator so they can act as a true angel investor seeing each project through to completion well after their IDO.
+
+This dedication to ensuring each and every project is a success and one that truly disrupts the space is what will separate it from the low-effort launchpads out there that are only looking for the next project to dump on their investors. After all, if those companies were serious about it, they’d be offering these types of incubation services, **much like Polkastarter, which was at $.20 in November and is now at $4 for a 20x.**
+
+We all know someone is going to step up and be the **leading incubator on BSC** (of which several can succeed) so why not trust the developer who was forward thinking enough to create an entire system around dynamic fees creating what Lightning calls “Deflationary Elasticity.”  Through paying holders frictionless yield on rebasing, it’s basically big brain for rewarding holders and punishing swingies.
+
+And Lightning definitely understands marketing, if you’ve seen an AMA with Lucas you’ll come away impressed, and its role in providing exposure to a project as well as the importance of real functionality, which is why they’re already working to get Lightning listed on a CEX to bring in even more eyes.
+
+**So if you want presale allocations for projects selected by this team**, basically the surest way to maximize gains during the bull market and survive through the bear market, you’re going to want to scoop up Lightning now. **You’re going to need to hold LIGHT if you want to be sorted into the best tier for the highest allocations, currently separated into Bronze, Silver, Gold, and Platinum.**
+
+But don’t worry if it turns out you’re not in their highest tier. **Each tier will have access to a share of an airdrop of 1% of the IDO’s token**, and the dev has committed to decreasing the requirements of Lightning holdings over time due to the deflationary nature of the token.
+
+So don’t be like me and miss out on this opportunity because you don’t understand the rebasing or the transaction fees. Just set that slippage high, swap for some Lightning, and let the team do the work for you in picking projects and making gains. Because besides being well-positioned at a $23M market cap, there’s still time before you’re stuck like me, buying at 10x the price I first saw it at, whenever it hits POLS ‘s current $250M market cap.
+
+**Tl;dr -** Lightning has rebranded and reinvented itself into a full ecosystem designed to help new projects flourish through it’s Lightning Incubator, and to keep holders happy through the tokenomics of its Lightning Protocol. With a strong team that has experience from Google and Allianz, they will be launching IDO’s with only projects designed to change DeFi from BSC, not copy Ethereum, as they become the leading incubator on BSC. LIGHT holders will be placed into tiers allowing for IDO token airdrops and presale allocations. Lightning is at $23M, most similar competitor is POLS at $250M.
+
+Website: [https://lightningprotocol.finance/](https://lightningprotocol.finance/)
+
+Telegram: [https://t.me/lightningprotocol](https://t.me/lightningprotocol)
+
+Medium: [https://lightningprotocol.medium.com/](https://lightningprotocol.medium.com/)
+
+PancakeSwap: [exchange.pancakeswap.finance/#/swap?inputCurrency=0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f](http://exchange.pancakeswap.finance/#/swap?inputCurrency=0x7b9c3df47f3326fbc0674d51dc3eb0f2df29f37f)
+
+CoinGecko: [https://www.coingecko.com/en/coins/lightning-protocol](https://www.coingecko.com/en/coins/lightning-protocol)
+I see this opinion bandied around a lot, including under the recent [Martin Lewis article](https://www.mirror.co.uk/money/martin-lewis-slams-damaging-dangerous-22383628). This makes me quite annoyed. They're not, and they're not in the worst possible way - implementing a graduate tax via optional student loans is the most outrageously regressive way of taxing graduates possible.
+
+- If you're from wealth, you may have little or no student loan to begin with. Even as you come down into higher income middle class households, who start losing access to maintenance loans (but may still struggle to afford university), they will therefore also necessarily have a smaller loan than lower income households.
+- If you graduate into a high-paying job, you will pay off your loan more quickly and thus pay significantly less/less interest.
+
+Ultimately, the people most hurt by this tax are those that required the most government support to go to university (and got the least out of it). Calling this a graduate tax is to make a mockery of what a graduate tax is or could be.
+
+I'm very fortunate that I graduated into a high enough income that I will repay my loan in 12 years making only minimum payments. If I earned 15k less, I would repay my loan in 22 years *and pay £10k more in interest*. By all rights, I should be one of the highest levied in a graduate tax system, but I'm not, and I know that some in my graduation cohort are earning less now but never took a loan and so don't pay a dime in so-called "graduate tax".
+
+The Mirror article linked at the top claims that "only" 17% are in a position as fortunate as I am (that's about 1 in 5, so hardly some small percentile). Importantly, that means the other 80% are paying 9% of their income over threshold for longer and accumulating significantly more interest - more than their fair share! If this is a graduate tax, why are lower income graduates paying for higher income ones?
+
+Because it's _not_ a graduate tax. It's a loan, just like it says on the tin, and the only things going for it are that it's available to all, won't kick in if you don't earn enough, and disappears after 30 years of paying the outrageous interest rate. It's actually just another kick in the teeth to lower-income families and individuals.
+
+EDIT: Thanks all for the discussion. It's still not a graduate tax and it's still damaging to treat it as one. Those who start paying off their interest do pay more than those whose debt is written off, but this is generally the part of the loan system that works more "fairly". However, beyond this point the "tax" is extremely regressive. And it hasn't taken away from the fact that a lucky few never need to enter the rotten deal to begin with, paying significantly less while arguably being in the best position to pay in the first place!
+So I observed a couple of online auctions tonight for properties in the SW Sydney suburb/s of Padstow/Padstow Heights.
+
+[43 Louie St](https://www.realestate.com.au/property-house-nsw-padstow-133298930) and [13 Curzon Rd](https://www.realestate.com.au/property-duplex+semi-detached-nsw-padstow+heights-133341654)
+
+Fun hearing the auctioneer spruik to no one. Donuts from both. 
+
+Louie started with 900k vendor bid and if you were from another planet listening in you'd think someone had actually bid on that as he sought 25k increments. Went through the whole process four times. Highlight was someone pitching a 750k bid out of nowhere I think on his second or third run through.
+
+Curzon was a newer 3br duplex and I thought it might do a bit better. Crickets again though. I reckon if you are going to put a price guide of 865k on your website you should be willing to accept it - rather than start the bidding at 880k. Price guides have been bullshit for sometime though, haven't they? Probably worth around 800k in current market.
+
+"Ten minutes away from a negotiated sale, we're getting closer," auctioneer says. Who knows whether that's bullshit or they get somewhere with them. If they do with either I'm tipping 'price not disclosed' when listed.
+
+My takeouts are they are pretty fucked. Maybe they need a hype man like Flava-Flav to warm up the crowd or something but I can't see too many sales coming from them. 
+
+Dunno, maybe agents could try something out of the box like listing an acceptable price range bearing in mind current conditions and negotiating in good faith within it. Radical thinking I know, but these are crazy times.
+
+Anyone else checked one out?
+I don’t do a lot of trading, but when I do, I really suck at it. This is why I don’t really place a lot of money on it since I know I might end up losing a lot. But with the little amount I use to trade, I thought I could find something that might help me.
+
+I thought of using trading bots, and came across several like [Tradesanta](https://tradesanta.com/en), [3commas](https://3commas.io/), [Stoic](https://stoic.ai/?r=1), and [Cryptohopper](https://www.cryptohopper.com/).  I’m looking through reddit for some reviews for each app, but I want to know what you guys think.
+
+I have never used trading bots before, so I just wanted to know if anyone out there heard of it or has experience using any of these. I want to know your experience on using it or any other similar trading bots.
+IMHO a decent write up.. although I dont agree with everything.
+
+[https://fortune.com/2022/09/11/fatfire-anthesis-of-quiet-quitting-promoting-hustle-culture-financial-independence-early-retirement/](https://fortune.com/2022/09/11/fatfire-anthesis-of-quiet-quitting-promoting-hustle-culture-financial-independence-early-retirement/)
+In 2020, I beat the S&P 500 by 0.5% in my taxable account and shared my lessons in [this post](https://www.reddit.com/r/thetagang/comments/kq4zyt/i_beat_the_sp_returns_by_05_taxable_10_ira_and_23/).  I made a lot of mistakes that year and changed up things a little bit for 2021.
+
+Although my returns were the same in 2021 - 0.43% over S&P 500 returns after short-term gains at the 35% tax bracket are taken into account - I am thrilled with this performance because I did it against a portfolio of low-beta stocks.
+
+The monthly 5 year beta-weighting (pulled off of yahoo finance) of my underlying portfolio compared to the S&P was 0.82, and my portfolio's correlation to the market in 2021 without the options was just 0.7.
+
+I'm super happy with this because it means I took a relatively low volatility portfolio and sold options against/around it in order to enhance returns, exactly like I was hoping to going into 2021.  
+
+Here are some numbers that I got after plugging my portfolio into portfolio visualizer and comparing to the S&P 500 with dividends re-invested:
+
+​
+
+||SPY|My Portfolio|
+|:-|:-|:-|
+|Beta|1|0.82|
+|Correlation|1|0.7|
+|CAGR|28.74%|29.17% (but 22.96% without effects of options)|
+|Sharpe Ratio|2.34|1.62|
+|Sortino Ratio|5.38|3.95|
+|Max Drawdown|\-4.66%|\-4.47%|
+
+Obviously, the risk comparison only includes my underlying stocks, not my options activity.
+
+My options activity included mostly short puts or short strangles, never selling a call unless I had the shares to cover it (so no risk to the upside).  I would typically use 16-30 delta strikes and if doing a strangle would often skew it with a 16-20 delta call and 20-30 delta put.
+
+The stocks I have in my portfolio are:
+
+ABBV
+
+BMY
+
+BTI
+
+CAH
+
+GILD
+
+JPM
+
+KO
+
+LEG
+
+MMM
+
+MO
+
+MRK
+
+PEP
+
+PM
+
+PFE
+
+T
+
+UL
+
+VZ
+
+WBA
+
+XLE
+
+XLU
+
+XOM
+
+**What went right:**
+
+1. I got the hang of using margin but never exceeding use of buying power more than 30% of my net liq.  I was usually in the 20-25% range for this since in a crash I would be hit twice as hard with my stocks going down and my option requirements going up at the same time.
+2. I was able to mostly stick to my goal of long stock ownership in companies I like at a price I think is within a margin of safety.
+
+**What went wrong:**
+
+1. Again I had some shares called away from a call I wrote that got away from my.  This helped my realize a really dumb thing I was doing - I would value a stock using DCF at say, $80 and buy it at $60 since it was within my margin of safety, but then turn around and sell a covered call against it just so I could have positions on against everything in my portfolio.  Then if the market agrees with my valuation, my call would be blown through and I'd either have the shares called away or have to pay up to keep them.  Now I simply won't sell a call if a stock is below my DCF value for it.
+2. Taxes are still a problem eating at returns but the only way around that is to make less elsewhere or make more on options.
+3. I rolled a call that had blown past my strike for too long.  I could only roll it out - never up a strike and I realized that portion of my portfolio had stopped generating returns so I just said screw it and let it get called away.  After that, I got a lot more aggressive using premium from short puts to help pay for rolling calls up and out.  Yes, this added risk to the trade but I have much more comfort dealing with downside risk than upside risk.
+
+**What is next:**
+
+* I just learned about portfolio margin and I have applied for that - I still don't want to go over 30% of net liq but I am excited to see just how much more that gives me.  I just found out there is a portfolio margin subreddit /r/PMTraders so I am looking forward to exploring that place
+* I am starting to look at more strategies that cap tail risk as I feel like I have already 'won' the game and I just need to compound for a few more years so I don't want to get hit with big losses.  For this I am looking at jade lizards or what I can only describe a skewed combination of a jade lizard and iron condor that looks like this: long 16 delta call, short 20 delta call, short 20 delta put, long 5 delta put.  I just put one of these on USO and it looks like this: long $65 call short $64 call short $54 put long $45 put for a credit collected of $122, 45 DTE, using $900 buying power.  If USO tanks though I won't take the $900 loss, instead I'll manage it by turning it into a jade lizard and using the credit from the long put to help roll the short put out and down, then roll until I am right or can scratch.
+* In 2022 I plan to focus on using the buying power of my stocks to sell options on uncorrelated underlyings - whether I own them or not.  For example I now have jade lizards or the skewed iron condor previously described on USO, GLD, TLT, SPY, IWM, and GDX.  The hope is my stocks keep on doing their thing, and since my options are not on correlated underlyings if some are taking heat then others shouldn't be.
+* What is really want to figure out is something that was recently asked - I think in this subreddit and that is "can you live off of options"?  Everyone knows the 4% rule in the financial independence community but it is such a ridiculously inefficient rule.  What I want to know is - can I sell jade lizards and wide strike skewed iron condors on uncorrelated products and take X% out for living expenses while still using just a fraction of my buying power?  There is getting more data on backtesting through rough times like 2008, 2018, and 2020 this especially with TastyTrade's free lookback feature so hopefully I will be able to spend some time figuring this out.
+
+The Reddit community is a big help and I want to thank you all.  I also want to give special thanks to the sites/creators that have helped me discover this world of options that I stumbled upon in late 2019 setting me up to sell options starting 2020 and straight through the pandemic:
+
+Alan Ellman of The Blue Collar Investor (I bought his video programs on covered calls and cash secured puts)
+
+Tom Sosnoff and everyone at TastyTrade (they have a book coming out in February called The Unlucky Investor's Guide to Options and I can't wait to read it)
+
+PPCIan of YouTube for helping me figure out dividend growth stock investing
+
+Joseph Carlson of YouTube because in one episode you mentioned Howard Marks who I had never heard of and that led me to looking him up
+
+Howard Marks of Oaktree for your 2 books, Oaktree Memos, and many podcast/youtube interviews.  The most important thing is knowing what market cycle you are in!
+Noob here
+
+Bought in KNB at 47.5p, currently sitting at -44% loss.
+Missed the PrimaryBids for CBX. 
+
+Question is do I buy more KNB now 26.3p, to bring my average down?
+When CBX enters the exchange, KNB and other weed stocks will have potential to increase, so if i buy now i could recover my losses. 
+
+Or, do I try and buy CBX when it starts trading, and dump after a few days hopefully making some profit?
+
+Or, do a bit of both, 50/50?
+I opened my first Roth IRA in March. I have since contributed $4000 total, yet neither of my accounts have had gains or losses. My fund manager has me in OEGAX & VAFAX. 
+
+Thanks in advance!
+I just always hate having to say "sorry it isn't in the budget right now" or something along those lines, when I do people always feel bad or try to buy it for me which makes me feel incredibly embarrassed even though the generosity is appreciated. If anyone has any ideas I'd love to hear them
+
+E: Thank you all for the amazing responses! All the advice is very appreciated and there have been so many great ideas, this has been so helpful and made me feel much better.
+The plan is to have $30k saved to give her when she turns 18.
+I'm assuming keeping the money in a savings account is super safe. But won't generate much interest.
+
+Is there something I can do to get her a little more money when the 18 years is up?
+
+I should have pointed out. She just turned 3 so I have plenty of time to work towards a solid amount for her
+Hi guys,
+
+Was wondering why the gov issues bonds/debt to finance itself?
+
+The issue with this is that too much debt and any mention of an interest hike as being necessary to curb inflation increases cost on the gov so it’s kinda like a catch 22 type of situation. Damned if you do damned if you don’t. 
+
+Why not keep it nice and simple, why don’t governments just issue the currency from the central bank initially to circulate money and any revenue they need just take it back in the form of taxes; I know they do this already but like why the extra step with bonds? If they need more revenue just increase the tax on the 1%.
+
+Wouldn’t this eliminate so many issues with bonds and having to buy up bonds during recession to keep interest rate low. It just seems to simplify everything. 
+
+Thanks in advance.
+Hello.
+So i’ve been trading and learning to trade on and off during the last two years. Since I have not succeeded much during that time but I would like to get better I have some thoughts but do not know where to start.
+There are tons of mentorships out there, which one have you picked and really had benefits from it?
+I really like naked trading but is it too dangerous for me as an junior trader to trade naked eye?
+!!! And the most important question:
+What is that one thing that you felt clicked and felt like, if I would have known that much earlier I would have saved so many losses?
+
+Thanks c:
+As most of you know, home buying in America right now is an actual shit show. And yet my wife and her family have all but forced me into buying a home in this market. Not that I don't want the house, but I'm the only one who sees the bubble we are in.
+
+I was THIS close to being forced to sell my shares to help cover the down payment, but I went full ape and instead sold my dignity. Told them all my money is tied up, illiquid, in investments.
+
+My wife and her parents are practically paying the full cost of the down payment and are reasonably pretty pissed and disappointed in me, but I felt like I would have been giving up the fight. Of course, paying them back will be easy after MOASS so I'm not worried about that particularly. Feel like shit now though.
+
+I know times are tough for alot of us, not just me, but I wanted to vent and share the struggle that alot of us may be going through.
+
+Hang in there everyone! 💎✊️🦍
+
+EDIT: Holy moly guys! This kinda blew up. I was expecting like 5 comments and for my post to fade in 15 minutes.
+
+I really appreciate all the kind words and positivity!
+
+DIP or RIP, I'm fired up for Monday!
+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!
+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!
+**TLDR:** Here’s goes my first ever post on Reddit: Just hit $2.6M net worth at age 33 after discovering I was working towards FIRE without knowing what it was until stumbling across it online last year. Wife doesn’t care, but wanted to tell someone. My story, lessons learned, & how FIRE changed my strategy.
+
+**Reasons for FIRE:** I’ve worked from home for a tech company for 13 years (Support Delivery)  Unlike many people on this sub, I actually love my job, and would do it forever, but know I got incredible lucky and don’t know how I’ve lasted this long already with the BS corporate performance cycle, quotas, etc.  My skillset is not transferrable, so if/when they fire me, I’d likely be starting at the ground-level at another company making little $, and probably not working from home, so I decided that when that days comes, I want to be ready.   In a way I see it as being a "good steward" so to speak of the hand and luck that I was dealt, and I want to make sure I'm not squandering that by pissing it away on things that don't matter.   Curious if anyone else is in the same boat with why they're pursuing FIRE?
+
+I’m a bit of a lone wolf with how I live life, so when I stumbled across the FIRE movement online last year, I was excited to find the formal framework for what I had been pursuing on my own for years. I had never heard of the 4% rule, and didn’t even think about stocks as a viable option for early retirement, so my focus had been on buy-&-hold rentals, which after managing 7 myself, although almost no work when counted in hours, started becoming more *stressful* than I liked.
+
+This sub, along with the blogs like MMM, changed my approach and for the past year, I’ve been slowly changing my focus on simplifying my investments, stopped buying homes and started dumping excess income into VTI instead, and even sold my first rental this year.
+
+**Income:** Started at $48k in 2007, now $160k + $70k profit from 7 rentals mostly owned with cash.
+
+**Spending:** My current savings rate is 87%. I spend only $26k / year somehow but feel I live luxuriously. I own 2 cars, dirt bikes, ATVs (all Hondas), and spend plenty of time each year vacationing overseas. My #1 expense is travel, and some trips I figure out a way to get the owner of our side-gig (performing arts) to pay for as long as we perform or teach while there (while also making the trip partially tax deductible too). [Link to my current spending / income / savings rate chart](https://i.imgur.com/BKAGvgF.jpg)
+
+**Investments:** [Link to my mint.com entire NW summary](https://i.imgur.com/xvTLC6P.jpg)
+
+* **$1.35M** – paid off real estate (now 7 total homes, $1.6M minus $367k in mortgages), includes my personal $300k house. Average ROI for my rentals is 14% w/ just rents, 39% if capital appreciation is factored in. It’s lower because most of them are paid off, so less leverage. [(Screenshot of Rental ROI Details)](https://i.imgur.com/waVzvqy.jpg)  I used my HELOC to pay "cash" for homes, then aggressively paid it down and repeated.  Was probably risky, but it's paid off now, and is my "E-fund" now.
+* **$500k** – Taxable (VTI / VXUS) – M1Finance [(Screenshot)](https://i.imgur.com/bYFuyXi.jpg) Their automation is awesome btw
+* **$220k** – Taxable in my company’s stock, acquired through ESPP. Yes I want to move this to VTI, but $130k is gains, so don’t know how to without a huge tax bill.  Any ideas?
+* **$345k** – 401k maxed out [(Screenshot)](https://i.imgur.com/3vMwfQk.jpg) (Russel 3000, the best options I could find)
+* **$96k** – Other (HSA maxed out, joint SoFi account w/ wife, Prosper.com, 24k cash, etc)
+
+**Taxes:** Federal taxes paid is $16k / year. Real estate helps a lot here, plus our side gig which turns many expenses, hobbies, & travel I'd pay anyway into deductions.
+
+**Marriage:** I’m married, but we keep our finances separate, so all these numbers are my own. We both contribute an equal amount into a small joint checking for things like groceries & utilities. I’ve shared with her my net worth when I crossed $2.0M, but she didn’t seem to care much.
+
+**Family Life:** No help from family, at all... I actually ran away from home as a minor and never went back.  I took the GED and started college at age 15, graduated at 19.  I think pushing the "youngest to graduate blah blah" narrative hard with the college recruiters definitely helped me land the tech job, not because I was particularly skilled.  I've been working full time since age 16.
+
+**Current Plan:**
+
+* Ride this job out as long as I can without getting fired in spite waning motivation and struggling with work performance.  Enjoy the freedom of working from "home", wherever home is that day.
+* Continue simplifying finances. Sell 220k of company stock somehow. Want to also sell a few more homes eventually and put that $ in the stock market. I wouldn’t mind keeping a few long term if I don’t have another job to give me something to do.  Dreading the capital gains bill from all this.
+
+**Thoughts & Reflections:**
+
+* My philosophy in life (FIRE, taxes, politics, money) has been "tell me what the rules of the game are, and I'll figure out how to win".  I see so many people whining how they can never succeed in the current "system" (thankfully not so much on this sub), when in reality, no one is going to come along and change the rules for you personally so you can succeed.  It's your job to win given the current system the best we can.
+* I bought my houses in 2013–2018, when prices were still near the bottom after the recession. I realize this was just luck, and don’t intend to keep pushing that luck or think that is a repeatable format. No regrets, I just got very lucky.
+* Keep maxing out tax-advantaged accounts, something I didn't start doing until discovering FIRE.
+* I had dumped a bunch of money in cryptos over the last couple years. Finally pulled the plug and got out with big losses. They're right, the pain of seeing losses is way worse than gains. Oh well.
+* This year I finally sold all my hard gold and silver that I've owned since 1999.  Yes, it was in preparation for Y2K.  Also yes, I was just a 13 year old child (but a very prepared child!)
+* Focus on choosing a career path that maximizes income first in any way possible. That's far more important than cutting $20 off your cell phone bill.  This should be the 1st step to FIRE.
+* IMO, doing “something you love” isn’t as glamorous as it sounds. I went to college for art, and realized that although it seemed “fun”, it doesn't pay, and there’s no quicker way to kill a fun hobby than having to do it for a living. Also, I’d rather work a fraction my life at a desk job than my whole life doing something I thought sounded cool at age 20. If the 8-5 desk job doesn’t sound fun, focus on what makes decent money that you COULD still find enjoyable. There’s more options you could enjoy than you realize. Instead of just focusing on “what sounds fun to ME”, focus on “what does the world need more of”, or “what's in high demand in my community that I’d enjoy somewhat at least”. The money often follows that.
+* In the beginning I was focused on maximizing returns, which is why I chose rentals. Average work is only a 1-2 hours / week, BUT, I’ve realized I hate the stress. E.g. recent text from tenant: “Sent my brother to check on house, he got stabbed by squatters, is in hospital”. …talk about a way to ruin a weekend (well, more like 4 months, squatters are no joke). Now that I have higher net worth & more money “working for me”, I don’t mind sacrificing return % for peace of mind.
+* Don’t turn down living your best life today. There are tons of opportunities, trips, etc that seemed like they cost a lot of money at the time, but turned out to some of my best memories that I would never give up, even if I missed out on compounding gains as a result. Say yes to the parts of life that come along that excite you, and don’t put if off until retirement, since these are what make life worth living, not your net worth $.  I often think “if I died today, would I have regrets having focused on savings so much”? Find that balance & slash the stuff that doesn’t matter.  For us, that’s kids, big house, alcohol, nice hotels, wedding, any status symbols, etc).
+
+As you can see, I'm an open book, so I'm open to any thoughts, questions, or advice on anything I may be overlooking or doing wrong.
+​
+
+https://preview.redd.it/3qbwq3dk7xc91.png?width=2792&format=png&auto=webp&s=1390d1676edda801f83f08c848aab548239b8c05
+
+I've been seeing a lot of people saying the Split-Dividend happens TODAY and I thought it might help to clear some things up.
+
+The Split-Dividend happens after the close of ALL trading on July 21st, 2022 (TODAY). This INCLUDES After-Hours Trading.
+
+# The new shares will not become active and trading on the split-adjusted basis until PRE MARKET on July 22nd, 2022 (TOMORROW).
+
+The reasons I think this is important to make clear is because I don't want anyone to freak out when Regular Trading Hours end today and they don't see the new shares in their accounts and freak out. You know this will absolutely happen, someone will freak out and make a post that the sky is falling because it's 4:01pm EST and "eRmAHgERd?! WEER ER MA SHERS?!"
+
+I actually guarantee that shill accounts (actual accounts bought by SHF's) will try and spread FUD that something happened today at Regular Hours Close to try and shake out paper hands.
+
+# BE AWARE, YOU MOST LIKELY WON'T SEE THE SPLIT-DIVIDEND SHARES IN YOUR ACCOUNT OR THE PRICE CHANGE UNTIL FRIDAY, JULY 22ND!
+
+This is not FUD, it has been spelled out clear as day in the press releases from GameStop.
+
+When the shares show up is going to depends on where your pre-split-dividend shares are held. For example u/widener2004 says in a comment:
+
+>Fidelity; for example, doesn’t update their system until 3:30-4:00 AM EST. So you may not see the update until the wee hours of the morning tomorrow.
+
+​
+
+# UPDATE WITH ADDITIONAL INFO FROM u/kcey10:
+
+>Also, for any apes that have never owned shares during a split. If you're like me and you still like to check on your shares after hours, there's a good chance the amount of shares you have will change, but the price won't update right away.  
+>  
+>This can cause issues in some apps where you'll see your new amount of shares at the old price... i.e. if you own say 25 shares pre-split; the night of the split when the shares are distributed you may see 100 shares... but at the $150+ price point. Which of course will show a super inflated amount of money in your account.  
+>  
+>What I'm trying to say is don't mistakenly think you made a bunch of money and plan on paper-handing in the morning...  
+>  
+>Buy..HODL..DRS
+
+​
+I'm a layman, and I'm looking for a book written for a popular audience (not a textbook) that will give me an introduction to basic economic principles. Is this book reliable?
+People holding DAI through this downturn have been just as well off as those holding USD.  The largest CDP to date went underwater but the system processed through the $4.5m, just like it was supposed to do, and the price of DAI stayed stable at $1 with > 200% collarteralization
+You might think I'm joking, but some types of businesses can literally smell the poor on you.
+
+Walk into a dealership dressed in nice clothes and tell them you wish to buy a brand new $60,000 luxury car.
+
+Now have your brother, cousin, etc walk into the same place dressed in Walmart clothes and tell them you want the $2,000 beater in the corner of the lot.
+
+I can bet you 100% you will be treated like garbage.
+
+It really pisses me off too, because I have worked in retail and service most of my life and treat people with the same level of respect regardless of how rich or poor they appear to be.
+
+But I've noticed anytime I've bought a car, even at reputable large dealerships, I am talked to with much less formality and rushed out of there and have witnessed rich old boomers buying brand new Cadillac's treated like the Queen of England.
+I only got hired into this position in April, and wasn't expecting a performance review until at least next April for that reason. However, in this role apparently the PA comes every October.
+
+*And so does the annual raise.*
+
+Guys. $0.54 an hour more, and my boss said I was doing "exceptionally well"!!! I'm in a two person department, and I currently don't have a coworker. Even so, he said all he's heard is good things!
+
+I'm just excited, and wanted to share. Have a good day, fellow reddit(po)ors.
+[https://ausinvestors.com/evs-stock-of-the-week/](https://ausinvestors.com/evs-stock-of-the-week/) \- Update: I've re-built and updated this post as a website version that includes more up-to-date info, screenshots, links, etc. and is generally easier to read.
+
+Hi, I'm /u/yothuyindi.
+
+You might remember me from such Reddit posts as *"Random Stonk of the Week: the boring companies I like that you probably won't buy"*, and *"Why I hate Z1P & Z1P Holders: a Digital Memoir"*
+
+[THE EROTIC ADVENTURES OF ASX\_BETS](https://preview.redd.it/69hluft7w6s71.jpg?width=1400&format=pjpg&auto=webp&s=758ec2301cb74342947f92482e8d2e962b962c7e)
+
+In the past when I wasn't busy (and lazy) as fuck, I'd pick a random ASX stock that I've (personally, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - for us to discuss.
+
+This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. Think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company.
+
+The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit.
+
+Well, this one's a little different, as it's one I've been actively looking to buy for a while; but here's my DD summary, and why it's gotten my interest. Also I just copy-pasted my old template, so plz don't hate me boyos.
+
+# RANDOM STONK OF THE... MONTH?
+
+**Company name:** Envirosuite Ltd
+
+**Ticker:** EVS
+
+**Industry:** Technology
+
+**Headquarters:** Sydney, NSW
+
+**Market cap:** $214m
+
+**Current share price:** $0.18
+
+**P/E ratio:** N/A
+
+**1-year Performance:** \-4%
+
+**What they do, smoothbrain version:** software to leech off the 'green bandwagon' and guilt companies to paying them so they can appear "Ethical"™
+
+**What they say they do, wanky version:** "Our solutions empower you to unlock value beyond environmental compliance to make confident decisions that optimise operational and environmental outcomes." 🍆👋
+
+**What they do, actual version:** Envirosuite Ltd are a Sydney-based software firm who produce a proprietary suite of environmental (funny, that) monitoring technologies which provide analytics & feedback on a number of environmental factors.
+
+Their software monitors levels of the quality of air, water, dust, noise and other Captain Fucking Planet elements that nowadays businesses need to check boxes for in order to appear environmentally compliant. They call this 'Environmental Intelligence', which sounds sufficiently wanky and buzzword-y enough to show up when people Google "Environmental ASX stocks".
+
+Practical applications of this include deploying sensors for monitoring aircraft noise & handling public noise complaints, reporting on issues with air quality/pollution emittied by cities/neighbourhoods or individual businesses, monitoring odours from rubbish dumps, providing analytics on CO2 & greenhouse gas emission levels, etc etc.
+
+Customers they deal with cross a range of sectors, mostly mining, construction, airports, wastewater management, and local councils/city governments. They operate in five different global regions and employ around 250 staff
+
+Envirosuite was founded in 2006 and listed on the ASX in 2008, rebranding themselves in 2016.
+
+[Stonks only go mildly up](https://preview.redd.it/mzu51hhow6s71.jpg?width=1251&format=pjpg&auto=webp&s=99e279551e3aed15d06631981529ba4813fd69dd)
+
+**What looks good:**
+
+* Let's start with the most obvious, and not necessarily something they can take credit for: the environmental revolution. Whether through incredible foresight - or just dumb luck - they operate in a space that is currently capturing massive public and media attention; the ESG movement.
+* Being directly tied in to providing software that directly serves the 'E' in 'ESG gives them massive global tailwinds as more and more governments start to green-wash things and bring in further rules and regulations dictating environmentally-friendly requirements on businesses. There are also basically *no other 'Enviro-tech' software companies similar to them on the ASX*, as the rest of the listed "eco" companies are mostly oriented around physical products, agricultural research, etc.
+* They are a cloud-based, Software As A Service (SaaS) business, which means **Annual Recurring Revenue (ARR)** is the name of the game, and their business model is based around acquiring clients once and then hoping they stick around for the long-term.
+* This has both pros and cons, however the lack of need to constantly re-sell to the same people over and over again means they can focus on new acquisition. It also means they can up-sell additional services to existing customers once they're satisfied with their initial use-case of the software.
+* A growing portion (83%) of their most recent reported revenue was ARR, more than double that of the previous year. This was a massive jump, and was despite restrictions on sales staff from presenting/pitching, airport clients being scaled back (a key source of their revenue), etc.
+* For SaaS companies, one of their key metrics is "**churn**", a.k.a the rate at which current customers leave their platform (lower = better). EVS' churn rate is only around 2%, which is very good; SaaS B2B companies typically average around 5%.
+* They added another 44 sites utilising their software YOY (Year On Year), bringing their current total to 373.
+* All in all, this resulted in a **104% increase in total revenue, 179% increase in gross profit, and 56% increase in EBITDA** YOY. This means they've had back-to-back record quarters, and 'technically' were profitable in the most recent quarter (barely) despite investing a LOT of money into growing their # of staff.
+* EVS looks quite undervalued compared to the Book Value of its assets, particularly when compared to the tech/software industry (P/B \~1.7)
+* They have no significant debt, as much of the funding was raised from shareholders and raises.
+* Plenty of potential for future growth, both by attaining new clients & rolling out new products; they recently rolled out a use case of their "SewerX" sewerage monitoring software, for example, and the "water" space (& their EVS Water software) in general is a potential high growth area.
+* Subjective, but IMO both their software UI and general branding are quite slick and look quite "professional" compared to some of the clunky user interfaces of some Aussie software companies/startups.
+
+**What doesn't look good:**
+
+* Unlike many of the stocks I typically pursue (profitable small-caps), EVS are currently not profitable, and have not been for several years. This means they have had to subsist on a steady diet of capital raises after rebranding in 2016 and pursuing a growth strategy, being funded by shareholders in the hope that their revenue growth becomes more self-sustaining.
+* They recently raised capital both to retail ($3.8 mill, June 2021) and non-retail ($14m, May 2021). There's been a LOT of new shares issued as a result.
+* Insider ownership isn't particularly strong; the co-founder owns only 2% of the company, and the rest of the board only own relatively small parcels. A lot of the company is propped up by money from the general public/instos as a result.
+* Has been a mixed amount of insider buying/selling over recent months; Macquarie dumped $12 mill worth in September but it didn't appear to affect the share price much.
+* Their acquisition of AqMB IP (water software) in 2020 didn't move the needle much.
+* Their share price has been erratic, and hasn't really gained too much consistent momentum other than random period spikes upon releasing annual results, before settling back down.
+* They're not a "new" company, despite their tech seeming fancy and new-ish; they've been around a long while for software and haven't taken the world by storm yet - looks like they may simply be "lucking" their way into the right trend at the right time, rather than getting there by their own achievements.
+* They're a bit "pumpy", in that they look for any minor excuse to put out a 'Price Sensitive' announcement (check out this prime piece of fluff released to the ASX on 13 August 2021 that was literally not related to anything they achieved at all: [https://newswire.iguana2.com/af5f4d73c1a54a33/evs.asx/2A1315460/EVS\_ESG\_tailwinds\_accelerating\_growth\_in\_Americas\_for\_EVS\_Omnis](https://newswire.iguana2.com/af5f4d73c1a54a33/evs.asx/2A1315460/EVS_ESG_tailwinds_accelerating_growth_in_Americas_for_EVS_Omnis) \- no idea why the ASX approved it as Price Sensitive, but OK.). In the past, I'd say this was a red flag, but if there's anything I've learned over the past few years, it's that it's better to have a company that releases constant newsflow than the Radio Silence types. I'm still putting it down here though.
+
+**Summary:**
+
+This is largely a sentiment play, in that you'd be betting that EVS can continue to ride the tailwinds of the global ESG movement while capitalising on extra freedoms from post-Covid openings allowing their sales term to continue to ramp up their sales rollout - before burning too much through the latest round of investor cash.
+
+Their strong presence in the USA means they can capitalise on Biden's sustainable/environmentally-focused infrastructure plan and approach a growing range of companies that need to appear ESG-compliant to satisfy both regulators and their own investors.
+
+More and more US states are passing bills related to climate change, and given their already-strong presence in the country they have multiple use cases they can present to new cities, airports, and industrial businesses over there.
+
+Fundamentally, it's hard to say EVS looks "undervalued" when assessed as a standalone company vs. your average ASX business, however when you compare it to other **SaaS businesses that operate on an average multiple of around 15xARR**, let's look at the math:
+
+**ARR:** $46,500,000 x 15  = $697,000,000 market cap
+
+/ 1,193,906,094 Shares on Issue
+
+= Share price of **\~$0.58.**
+
+Given their current SP is $0.18, and given what I see as their potential for growth, vs others in its space it seems like an under-loved company that is still in a pretty sexy sector (tech) and in and even sexier macro-climate (environment).
+
+This is also the type of company that to me, with all the current tailwinds and media around its core purpose, looks like it could be a prime buyout target by a bigger US tech firm in the future, which potentially adds to the upside.
+
+**Conclusion:** Based on all of the above, I will likely be looking to add this to the watchlist for a potential investment, and hope they can continue on with their stated goal of 20% annual compound growth.
+
+MarketIndex page: [https://www.marketindex.com.au/asx/evs](https://www.marketindex.com.au/asx/evs)
+
+Website: [http://www.envirosuite.com/](http://www.envirosuite.com/)
+
+Feel free to add more DD/comments below.
+
+Would you buy this stonk? Why or why not? Feel free to vote in the poll.
+
+And if you're feeling generous/like the content (not the stock), feel free to toss us a pity upvote.
+
+Link to previous Stonks of the Week:
+
+[https://www.reddit.com/r/ASX\_Bets/comments/mxfvmi/random\_stonk\_of\_the\_week\_national\_tyre\_wheel/](https://www.reddit.com/r/ASX_Bets/comments/mxfvmi/random_stonk_of_the_week_national_tyre_wheel/) [https://www.reddit.com/r/ASX\_Bets/comments/msgk0t/random\_stonk\_of\_the\_week\_ashley\_services\_group\_ash/](https://www.reddit.com/r/ASX_Bets/comments/msgk0t/random_stonk_of_the_week_ashley_services_group_ash/) [https://www.reddit.com/r/ASX\_Bets/comments/mjkoqf/random\_stonk\_of\_the\_week\_quantum\_health\_group\_qtm/](https://www.reddit.com/r/ASX_Bets/comments/mjkoqf/random_stonk_of_the_week_quantum_health_group_qtm/) [https://www.reddit.com/r/ASX\_Bets/comments/mec9nc/random\_stonk\_of\_the\_week\_reckon\_rkn/](https://www.reddit.com/r/ASX_Bets/comments/mec9nc/random_stonk_of_the_week_reckon_rkn/) [https://www.reddit.com/r/ASX\_Bets/comments/m91bon/random\_stonk\_of\_the\_week\_xrf\_scientific\_xrf/](https://www.reddit.com/r/ASX_Bets/comments/m91bon/random_stonk_of_the_week_xrf_scientific_xrf/) [https://www.reddit.com/r/ASX\_Bets/comments/m3tllz/random\_stonk\_of\_the\_week\_gale\_pacific\_gap/](https://www.reddit.com/r/ASX_Bets/comments/m3tllz/random_stonk_of_the_week_gale_pacific_gap/) [https://www.reddit.com/r/ASX\_Bets/comments/lyojgx/random\_stonk\_of\_the\_week\_mcgrath\_mea/](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/) [https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/)
+
+[View Poll](https://www.reddit.com/poll/q3ttnv)
+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!
+Some of the consumer goods companies are trading at a premium to historic valuations. Some growth stocks have never been cheap in their entire lifetime on a price to earning basis. How many years of growth is priced in growth stocks?
+
+Here are the top consumer goods stocks in Nifty 100 and in Nifty FMCG Index
+
+Hindustan Unilever – Trading at 69.43 PE
+Nestle India – Trading at 74.57 PE
+Britannia Industries – Trading at 54.13 PE
+Marico – Trading at 43.58 PE
+Godrej Consumer Products – Trading at 47.69 PE
+Proctor and Gamble Hygiene and Healthcare – Trading at 74.22 PE
+Dabur – Trading at 60.01 PE
+Asian Paints – Trading at 97.68 PE
+Berger Paints – Trading at 113.56 PE
+Pidilite Industries – Trading at 83.74 PE
+ITC – Trading at 14.87 PE
+United Spirits Limited – Trading at 158.4 PE
+United Breweries Limited – Trading at 180.66 PE
+
+Calculating cost of Equity –
+Taking Risk Free return of 6.01 percent which is 10 year government yield rate
+Beta is taken at 0.69 for all other companies which is Beta since inception of Nifty FMCG Index for consumer goods
+Beta is taken at 0.72 for Asian Paints, Berger Paints which is simple average of 4 biggest player in Paints and Pidilite paints. Beta is already taken at 0.72 for Pidilite Industries as the characteristics of Pidilite are similar to that of Paints and due to lack of competition in adhesives business.
+Market Returns is taken at 10.29 percent the return of Nifty 50 since inception. We believe that Nifty 50 gives a better representation of Market returns than Nifty 100.
+
+Cost of Equity = 8.82 percent for FMCG goods as on 19/09/2020
+Cost of Equity = 8.95 percent for Paints and adhesives as on 19/09/2020
+
+Estimating growth rates – To estimate growth rates we have taken Sales growth of 3,5,10 years, Profit growth of 3,5,10 years and a maximum possible growth rate which is taken at Return of Equity * Retention Ratio. The growth rates move along with the results of the company, a better capital allocation results in higher growth estimates.
+A simple average of the three above factors is taken as future estimated growth rate.
+Here are the estimates of growth rate for the companies after taking into Account the above factors –
+
+Hindustan Unilever – 12.6%
+Nestle India – 13.52%
+Britannia Industries – 14.68%
+Marico – 8.76%
+Godrej Consumer Products – 9.26%
+Proctor and Gamble Hygiene and Healthcare – 8.83%
+Dabur – 9.91%
+Asian Paints – 13.03%
+Berger Paints – 15.33%
+Pidilite Industries – 9.26%
+ITC – 8.13%
+United Spirits Limited – 16.42%
+United Breweries Limited – 12.54%
+
+
+To arrive at the number of years we have taken Market Cap reduced by Cash & Investments for companies which are debt free and used the above growth estimates on previous years PAT discounted by Cost of Equity.
+On doing the same we arrive at the number of years the company needs to grow at the above rates to justify current valuations. Here is the aftermath.
+
+Hindustan Unilever – 34 years
+Nestle India – 32 years
+Britannia Industries – 27 years
+Marico – 31 years
+Godrej Consumer Products – 55 years
+Proctor and Gamble Hygiene and Healthcare – 63 years
+Dabur – 43 years
+Asian Paints – 33 years
+Berger Paints – 30 years
+Pidilite Industries – 51 years
+ITC – 13 years
+United Spirits Limited – 23 years
+United Breweries Limited – 32 years
+
+The purpose of the exercise is what may seem expensive on PE valuation basis may not be more expensive in relation to the growth.
+As you can see Berger Paints, United Spirits and United Breweries despite having very high PE’s are better valued than companies like Proctor and Gamble Hygiene and Healthcare. I do not have the oversight to predict the next 30-40 years and the winners/losers of the same, but if one expects growth to overlast the above years or growth rates to be the above estimates, the numbers can change drastically. Regardless I am having a very close eye on ITC and United Spirits 
+
+
+Kindly comment below if you want us to repeat the exercise for other companies like Avenue Supermarts, IndiaMart or/ and other companies / sectors.
+Biogen's Aduhelm has been approved by the FDA to treat Alzheimer's Disease. ~~Trading of Biogen (BIIB) is still halted as of 11:30 AM (Eastern).~~ EDIT: Trading scheduled to resume at 1:30 PM (ET).
+
+Aduhelm targets amyloid plaque deposits, long thought to be associated with the cognitive decline of Alzheimer's Disease. There are still many hurdles with translating the drug to profits, as a followup study is pending. Pricing concerns based on drug efficacy raised by the Institute for Clinical and Economic Review (ICER) may also lower the upper limit of profitability. Insurers may be hesitant to cover Aduhelm without a clearer demonstration of efficacy.
+
+[https://www.streetinsider.com/Corporate+News/FDA+Announces+Approve+of+Biogens+%28BIIB%29+Treatment+for+Alzheimers+Disease/18527815.html](https://www.streetinsider.com/Corporate+News/FDA+Announces+Approve+of+Biogens+%28BIIB%29+Treatment+for+Alzheimers+Disease/18527815.html)
+Ill start.
+
+​
+
+People i know ( mostly coworkers) who complain about the price of fuel, more specifically diesel, and that they dont want to keep paying high diesel prices.  So to counteract that for work purposes they will go and buy a old very used 4 cyl petrol car, while still keeping their diesel ute. ( this would be different if they sold their diesel ute)
+
+​
+
+And thankfully i hold back from saying anything, but there will never ever be any logic or financial literacy to go in an example like that as the cost of buying another/ used car will far outweigh any savings at the bowser that may happen
+As of this past Friday I am now earning dividend every month; it’s only 3.50 a month but you have to start somewhere. I started this year and so far in 4 months have grown my account only to 1k. I’m putting in 200 a month and hoping to start putting in 1k a month within the next few years… have to pay off some debt first and finish school.
+I define GDP as all products & services produced in a country for a year, so I hope I'm correct so far anyway.
+
+Now to the point that I don't understand (I'm going to use Sweden for clarity, just because that's where I live). How can a service (or hell even a product) that is produced in Sweden, by a swede, and then sold *to* a swede, make Sweden richer? If money is exchanged from one swede to another, how can that equal economic growth of Sweden in relation to other countries?
+
+Let's take my friendly neighbor Norway as an another example. If Norway exports some of their oil to another country then it makes absolute sense to me that they now have *more money*, which would equal higher GDP and ecoomic growth.
+
+Anyone can help me understand this? Cheers
+
+EDIT: I realize my view is a gross simplification, but my economics teacher couldnt answer it so lol
+Let me preface this by saying that I'm in a bit of a silly situation. Just curious if others on this sub have done something similar.
+
+​
+
+Background:
+
+I'm (mid 30s) currently on a sabbatical. Decided to move to NYC to scratch the itch, having wanted to do so when I was younger and poorer. 
+
+I had no idea the rental market was so competitive with the landlord asking for 2y worth of tax returns, bank statements, references, & etc, & the rentals being taken off within a day. 
+
+​
+
+Issue: 
+
+My net assets range around mid 7fig, and I trade futures and have been for the past few years. I typically keep 80-90% in cash and take positions. I've had some moderate successes but still a very small fish. I feel sketched out on the security/privacy providing the bulk of my net assets to strangers & their intermediaries in the application process
+
+I plan to show my tax return for 2020 but am still filing my 2021 (I know. super lazy. Hope to finish that soon). I made 700k for 2020 and am currently on track to make $1-2M for 2022, 80-90% of which have been realized & reflected in my 1040ES form. 
+
+What path can I take to avoid showing my entire holdings in my brokerage account? Should I just partition my funds and show a smaller nominal value? 
+
+Thanks
+​
+
+​
+
+https://i.redd.it/90owxk1korl71.gif
+
+We have received reliable information indicating and impending coordinated campaign targeting our subreddit to push a proprietary crypto. Forgive me for being vague here but I don't want to give them any unnecessary attention.  We have added new automod filters to help nip this in the bud but expect attempts to circumvent it and private messages to show up in your inbox.  
+
+
+​
+
+https://i.redd.it/ffyoujamorl71.gif
+
+You all are veterans at this point and all make the independent decisions in what you invest it.  Just know that nefariously coordinated pitches like this are often not what they seem.  We also have good reason to believe the people behind this campaign have attempted phishing campaigns as well. These aren't your normal spammers. They are familiar with ape terminology and posting habits. Increased vigilance is highly recommended.
+
+EDIT: to be clear, as far as we know this campaign has not begun on SuperStonk yet. It is still in the planning phase. I apologize if that was not clear in my post. We were lucky enough to catch this before it happened. The specific nature of this campaign and it's organization is what's prompted me to make this post.
+I am not able to decide whether to pay off my housing loan or invest using the surplus every month. I have a fair idea about the benefit I will get on my investments in the long run (compared to prepaying the loan), but I want to incorporate the tax benefit (on housing loan interest and principal) into the equation. Any help would be deeply appreciated as I plan to start this strategy from Jan.
+
+Here are the details -
+
+* Loan interest rate - 6.7%
+* Interest paid on loan so far - \~7 lakhs
+* Principal paid on loan so far - 4 lakhs
+* EMI - 37,000
+* Remaining tenure - \~9 years
+* Outstanding principal - \~26 lakhs
+* Outgoing interest (if I stay the course) - \~7 lakhs
+
+​
+
+* Monthly surplus - 50,000
+
+​
+
+My original plan was to prepay 50,000 every month for the next 3 years and close the loan. This would make the total interest outgo to be roughly \~9 lakhs on the loan amount of 30 lakhs. Decent enough considering I didn't act early and have already paid \~7 lakhs to the lender as interest.
+
+However, hypothetically, if I were to invest that same amount at roughly 8% interest rate (say, SIP on an index fund), I would get the following -
+
+* Scenario 1 - \~2.5 lakhs as interest for 3 years (very unlikely due to the short term but this considering this tenure to compare with the scenario where I pay off the loan with the surplus)
+* Scenario 2 - \~25 lakhs as interest for 9 years (compared to if I stay the course)
+
+According to this calculator ([https://usehhaf.org/loan-information/loan-calculators/mortgage-investment-analysis-calculator/](https://usehhaf.org/loan-information/loan-calculators/mortgage-investment-analysis-calculator/)), it makes sense to pay off the loan because it only considers scenario 1. It does not consider the other one.
+
+​
+
+Now comes the googly which I am unable to calculate into the mix - tax break. I am eligible for 2 lakh break on interest and 1.5 lakh on principal. My question then is - how do I add this benefit into the above calculation? What is the best strategy if my aim is to limit the loan interest outgo and use my surplus effectively?
+
+\--
+
+User oneeyedcroc on Discord suggested this: *Not expert and do not have a housing loan but as per my rough calculations, if you are through 25%-30% of your loan tenure, prepayment doesnot offer that much huge benefits. In that case, you can utilize the surplus for prepayment for the next 1-2 years which would provide the most benefits. Also, after prepayments, keep the emi constant, only reduce loan tenure.*
+
+Edit: [This](https://www.reddit.com/r/IndiaInvestments/comments/rrxo1h/comment/hqo0xmu/?utm_source=share&utm_medium=web2x&context=3) is what I finally decided on. If all goes well, I'll update this thread or create a new one around Dec 2023.
+This time around, the MSM is not clamoring to offer alternative explanations for GME price movement. There are no articles about reddit sentiment driving price movement, no fake "short squeezes," and no other meme stocks "leading the charge." Frankly, this has my nips drilling for diamonds on the moon.
+
+This silence points to a few distinct possibilities:
+
+1. Kenny & Co.'s checks finally bounced - no more paid shillery for you (seems less likely given that MSM would have other motives for protecting the status quo).
+
+2. Anti-Fomo Tactics (a.k.a. the Streisand-side-step). They've realized that silence is better than half-baked excuses. Excuses still draw attention. Silence keeps GME off the radar unless an individual investor is otherwise monitoring the price.
+
+3. Narrative switch. They are preparing to blame apes for holding the economy hostage or some similar bullshit. 
+
+Diamond fucking hands. They must be sweating bullets behind the scenes. 
+
+No cell, no sell. 
+
+Buy, Hodl, DRS.
+
+Options are for wrinkles - shares won't go to zero. Invest accordingly!
+This week was my 1 year anniversary at my job since graduating college. I also just hit 50k net worth, which is staggering for me to even think about. I work in Software Engineering making 71k a year. It’s not my dream job, and I don’t think I’ll be here forever, but I’m happy enough right now, and I can’t complain about the salary. I’ve also had a side gig for almost 8 years now (just turned 23) playing piano at weddings and events and such. It's usually less than 5 hours of work a week and nets me somewhere between 6-10k a year depending on how many events I do.
+
+# Background
+
+Thanks to some massive scholarships as well as the money saved from my piano job and some other internships, plus just a little help from my amazing parents, I was able to graduate with an engineering degree completely debt free, with just enough left over to buy a totaled and repaired car on the cheap (a risk, to be sure). So a year ago, I entered the work force pretty much without a dollar for or against my name.
+
+I also live with my parents. I'm not a super social person, and I wanted to spend some more time with my little sister before she goes off to college, so I decided to move back in with my parents. I'm very fortunate. They don't charge me rent, and we aren't very strict about accounting for food payments. I do try to pay for meals and groceries often enough that food evens out, and I do lots of chores and help out around the house to "atone" for my presence there, but honestly, I think my parents are just glad to have me around. I'm very fortunate in this regard.
+
+So, in the last year, I had a before tax income of \~80k, which taxes brought down to \~63k, I had zero debt or rent, and was able to save the vast majority of it, 50k, which is an after tax SR of 79% in my first year in the working world! Where did the other 13k go? In addition to the gas and car expenses, and the food that I try my best to pay for, it's hard not to be materialistic, especially when living with materialistic parents… I bought tons of books (I love reading), and splurged on a $3000 harp (I've wanted to learn the harp for years), and I have a pretty substantial collection of alcohol for making cocktails. And I do go out with my friends occasionally. Additionally, my parents love to go on vacation, and, living with them, it can be hard to not tag along. Overall, it's all stuff that brings me joy, so I think it's worth it to spend on, especially while I'm in a position where I can.
+
+# The power of 50k at age 23
+
+50k is an absolutely ridiculous amount of money to have saved this early in my career. At 6% returns, over 42 years for a traditional retirement at age 65, that comes out to $578k. After 1 year, I am shockingly close to already achieving a comfortable retirement. If I could do one more year of this, I'd be there. Since I am only 23, it's amazing to see how powerful this head start is, and how many options it affords me for my future.
+
+# The cost of staying with my parents
+
+Given the massive amount of money I've managed to save, it's interesting to consider the "costs" of living with my parents for free. I do have a much longer commute than I would like, about an hour each way, which has the tangible cost of gas and wear on my car, and the intangible, but somehow more substantial cost on my sanity. There is the lack of freedom and independence, and at times, the lack of really feeling like a true adult. And there is the cost on my social life, which is mostly nonexistent due to
+
+1. Living far away from any source of young people
+2. Living with my parents…
+3. Lack of motivation for a non-socially oriented person like myself to find friends, given barriers 1 and 2.
+
+# The cost of moving
+
+Since I value my sanity, freedom, independence, adultness, and hypothetical future friends, I have found myself thinking more and more lately about moving out and taking the next step. I eventually want to be a homeowner, but am not there yet, maybe in 5-10 years. So renting it is. Here is my hypothetical "cost of moving out" breakdown:
+
+* Apartment + Utilities: $1,500 - $1800/mo (This seems to be about average for a 1 bedroom apartment in my area) 
+* Groceries + Food: $250/mo (This is about what I averaged in college, buying food from the grocery store and cooking it myself, a practice I look forward to continuing)
+* Increased social activity: $150/mo (I'm just throwing this here as a baseline. If I know myself, I won't end up spending nearly this much, but it's interesting to think about how moving would probably cause an increase in spending in other areas.)
+* Internet: $50/mo (I hate TV, so I wouldn't be buying cable)
+* One-time moving expenses:
+   * Furniture: $2000 (I have no idea what this number should be. I'd need to buy couches and tables and shelves. I've already got a bed and kitchen supplies from my college apartment days)
+   * Decent electric keyboard: $2000-$5000 (I don't want to be the guy with the super loud acoustic piano in an apartment)
+
+So I'm looking at $1900-2200/month or \~23-26k/year, plus 4-7K in one-time expenses. I'll just call it 25k and 5k.
+
+That's pretty hefty, that's enough to slash my savings rate in half. Furthermore, that is worth potentially much more, given the assumption that I would invest those savings were I to not move out. 30k over 41 years (age 24-65) at 6% returns amounts to a whopping 327k for a traditional retirement. However, if I were to FIRE at the respectable young age of 35 (which I probably won't do), it is a much less whopping 60k, only a 2x increase. Since my savings for the next year would be reduced to 20k, the 60k effective cost for moving out for just one year would be roughly 3 FIRE years.
+
+Over time, my SR would be able to increase with my salary, and the "effective cost" of each successive year's lack of savings would decrease as the FIRE year draws nearer, but it's amazing to see the power of early saving played out in a few hypothetical numbers.
+
+# Conclusion
+
+So it's an interesting decision. Living with my parents has likely saved me untold financial stress, and will allow me to FIRE years early, but is not without its own costs. But on the other hand, perhaps ridding myself of the "costs" of my parental living right now is worth the incredible cost. Purchasing freedom and independence is, after all, what FIRE is all about.
+
+​
+
+**\*Disclaimer:** My intent here is not to brag nor really even to seek advice, but rather to celebrate and add voice to the conversation about the benefits and drawbacks of cheaper, but less ideal living situations in order to save money.
+Today I bought 100 shares of GME during the run up this morning and sold the $155 strike expiring this Friday for $7.00 per share. If my shares get called away then I’ll have made about 8% profit in 3 days. If not, then I’ll just sell another weekly just a little OTM. Probably will roll with this strategy until my shares get called away since the premiums are so high still. I’m bullish on GME (also that the apes will keep it inflated) so I’m okay holding and selling calls below my basis if the underlying drops
+My wife is set to Inherit $350,000 and we are not sure what the best option is to do with it. We only owe $233,000 on our mortgage with an offset account attached and have thought about either paying it off or investing in another property and renting out the second to pay the mortgage on that? Any advice?
+Edit- I should probably add apart from the mortgage we are debt free. No credit card or car loans although a newer car would be nice  
+In age we are mid 30s to early 40s and have a combined income of $175,000. 
+Cheers
+I'm being offered nearly 5% for 1 year by CIBC. It seems really appealing with all the uncertainty in the market right now. Whats a good reason to stay in the market instead?
+First, I'm not a financial advisor and none of this should be taken as financial advise. All data is gathered from publicly available sources and paid subscriptions.
+
+​
+
+I'll start with a beautiful chart from u/bobsmith808 showing the shift from GME FTDs into ETF FTDs.
+
+​
+
+​
+
+[ ](https://preview.redd.it/cynejwwdb7d81.png?width=2947&format=png&auto=webp&s=5cd6a4df260830d0af549edf39e0f0c16f79e508)
+
+​
+
+https://preview.redd.it/c1zx7v0ib7d81.png?width=2945&format=png&auto=webp&s=96d078e109c682e882624a076cc0d06bdbbd5537
+
+​
+
+​
+
+I've been following ETF's since February and this January FTD pileup was caused by two things. First, a decline in the broader market and second, Wall street tax evasion through the washing of large flows through ETF's that happen on a quarterly basis. See my other DD The Market Heart Beat. Admittingly the next part is taken from Richard Evans an amazing author on ETF's. When faced with a large buying imbalance, APs have two primary trading strategies: 1) locate or create a sufficient number of shares to satisfy this buyer-initiated demand, or 2) sell the ETF shares now without locating or creating them and then wait to obtain and deliver the shares.
+
+If order flows are persistent and alternate between positive and negative imbalances over time, the AP typically has a strong incentive to follow the second strategy. However, if there are no clear patterns associated with net creations and order flow, then APs would have less incentive to engage in operational shorting of ETF shares.
+
+If an AP or other market participant sells ETF shares that it does not already own and subsequently does not deliver to the NSCC within T+3 days, a failure to deliver (FTD) occurs. This can happen due to operational shorting, as part of bona fide market making activity, as well as directional shorting, or naked short selling with the purpose of obtaining a negative exposure in the ETF shares in anticipation of a future decline in ETF price. Our tests aim to distinguish between these two distinct motivations. The NSCC can then force a “buy-in” of an outstanding FTD by typically contacting the market participant with the oldest FTD and requiring them to purchase or borrow the shares in the open market. As Evans et al. (2009) reports, buy-ins are a relatively rare occurrence and the expected cost of failures is relatively low. Thus, there are economic incentives to failing, especially in the ETF market because of the difficulty in distinguishing between FTDs that are due to abusive short-selling and those FTDs that are due to liquidity provision and market-making. 
+
+​
+
+https://preview.redd.it/3tk6a9e7z1f81.png?width=1231&format=png&auto=webp&s=5c2ca9e41e557f8345d7c27b1b6e63cd98709a25
+
+​
+
+https://preview.redd.it/j37fzgdqy1f81.png?width=1231&format=png&auto=webp&s=5a5001fe024d49e8e87819fa81fb2c4d32fb8270
+
+​
+
+https://preview.redd.it/x0icqq6xy1f81.png?width=1229&format=png&auto=webp&s=000a5c709b92257bb6dff1fd67e832004790d852
+
+​
+
+https://preview.redd.it/1u3plgr2z1f81.png?width=1232&format=png&auto=webp&s=f0c6bdf3e742cb36978858f216828989513128f0
+
+There's more ETFs in my spreadsheet if you want to check them out. [https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing)
+
+​
+
+# 🚀 🚀 🚀 🚀 🚀
+**If you haven't read u/Region-Formal's [post today about CItadel's financial condition, you're missing out!](https://www.reddit.com/r/Superstonk/comments/wuwg5f/shitadel_are_in_an_even_worse_financial_situation/)**
+
+ 
+
+Rather than make a lengthy comment on their post, I decided to put together a quick DD to continue the conversation.  
+
+1. Citadel Securities is likely the primary income source for all of Citadel and its subsidiaries (hedge fund pales in comparison, income/revenue-wise, I believe).  However...
+2. We're unsure of *exactly what* kind of financial condition Citadel Securities -- or Citadel as a whole -- is in because Citadel has almost no reporting obligations.
+3.  In fact, Citadel is known to pro-actively avoid regulation and disclosure.  
+ * Example: They closed Apogee, a regulated dark pool, to funnel orders through Citadel Connect, an un-regulated dark pool -- Single Dealer Platform which draws on it's internal inventory, as one example of many.  (Side note: SDPs are coming under scrutiny from the SEC -- go Gary!) 
+ * Other examples: Citadel stays privately held despite needing funding (i.e. hasn't gone public like it's competitor Virtu) so does not need to disclose financials; they stay away from owning more than the legal amount of shares to make them an "insider" in firms which comes with extra reporting obligations; and so forth.
+4. u/Region-Formal pointed out that the parent company of Citadel is Citadel LP.  However, they are [one step behind](https://www.reddit.com/r/Superstonk/comments/w0nhl8/did_anyone_catch_that_citadel_advisors_llc_became/) u/Get-It-Got who caught that Citadel parent company changed from LLC to LP in March of this year.  Why?
+5.  Get-It-Got posits that it is because an LP *has fewer regulations than an LLC* -- specifically, that *it is not subject to some of the regulations of the* ***Investment Act of 1940***.
+6.  Investment Act of 1940, where have I heard that before?  Oh yeah, u/thabat 's [Rolling in the Deep Dive](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/)!  Basically, Investment Act of 1940 is about disclosures of international funds and transfers.  Citadel is likely skirting these regulations, legally or otherwise, in order to move funds through it's Cayman Islands funds.
+7.  "Cayman Islands!  That's money laundering land!"  Yep -- and /u/longjumping_college [beat you to the punch](https://www.reddit.com/r/Superstonk/comments/tl8uow/citadel_is_a_front_for_laundering_criminals_money/) on that one (LJC puts in a lot of time hunting and gathering).
+8.  And Region-Formal is absolutely right to point out that Citadel shifts funds between its own companies rather liberally.  Because remember u/Atobitt 's "The Everything Short"?  He caught them using Palafox -- a wholly owned subsidiary -- to execute suspicious fixed income transactions *to themselves* -- wash sales.
+9.  So technically there are separate companies within Citadel Advisors LP, but without disclosure or sufficient regulation, we have no way of knowing where one firm starts and another one ends -- it's all meshed together.  However...
+10.  To me, Region-Formal's emphasis on the quality of the bonds and the volume of investment intake is ***very much well-deserved; I believe Citadel is in dire straits.***
+11.  And remember how I mentioned Virtu?  They're publicly held, so you can see how their business is doing as an indicator of how the whole market is looking: [q2 2022](https://s21.q4cdn.com/422114427/files/doc_financials/2022/q2/Virtu-Financial-Inc-Earnings-Release-Q2-2022.pdf), [q1 2022](https://s21.q4cdn.com/422114427/files/doc_news/2022/Virtu-Financial-Inc-Earnings-Release-Q1-2022-Final.pdf)
+ * **Revenue is down 14%, but income is down 25%**.
+ * This is likely the case, if not worse, with Citadel.
+
+**All this points to a consensus with u/Region-Formal: the loans show that CItadel is couging up blood.**
+
+However...
+
+* Citadel is in the business of copying it's MM model to various industries, and *is genuinely expanding AFAICT.*~~~~
+ * Examples [1](https://www.reddit.com/r/Superstonk/comments/t3vsdt/soo_ummcitadel_securities_is_applying_to_become/), and [2](https://www.bloomberg.com/news/articles/2022-06-07/citadel-securities-virtu-form-crypto-plan-with-fidelity-schwab#xj4y7vzkg)
+* For them, cost of "duplicating" their services to yet another venue or product is a non-issue; they are bound to make back whatever their initial outlay was in a relatively short period of time.
+* That said, like Region-Formal, I haven't seen any traction particularly in the Crypto space.
+ * It's possible that after Coinbase's NFT flop, and the ongoing exposure to the Tether debaucle, that major firms are taking a more measured approach to the Crypto-sphere than their initial footholds.  But only time will tell. 
+* But, as I believe that over the past 2 years Citadel has taken on $2B of additional investment (between their 2021 bond issuance, their Sequoia injection, and their 2022 bond issuance) -- **I have seen no product that Citadel has put forward that merits that kind of capital outlay, especially considering the self-disclosed income amount of** ***$7B ~~profits~~ revenue*** (s/o to u/guyfromcanada555 for catching my error)
+
+#With all that ~~profit~~ revenue, for a *private company that has no dividends*, why do they need to issue (near) junk bonds?
+
+ 
+
+#TA;DR: 
+
+Citadel appears in dire straits. [This section is an edit]
+
+* Despite boasting $7B in revenue in 2021 with *no dividend obligations*, Citadel has taken on >$2B in financing since 2021.  Why?
+* Virtu, a corollary for the MM space, is seeing declining revenue *and declining profits* (i.e. profits are declining faster than revenue).
+* Also worth noting: there are rumors of Citadel's hedge fund losing clients prolifically (indicated by their publicly announced "locked-in" timeframe), at the same time that their "securities sold but not yet purchased" balance swells.  Meaning, if they were planning on using their international funds, i.e. Cayman Islands fund as leverage, the loss of clients means they are drawing down their leverage at the same time their liabilities in un-purchased securities is growing.
+* **Shrinking leverage, growing debts & payments, declining revenue, and profit shrinking even faster: Citadel is fukt.**
+* u/Region-Formal is pretty awesome
+
+ 
+
+***
+
+rehash from [Sun Never Sets on Citadel pt. 4](https://www.reddit.com/r/Superstonk/comments/veqzr4/the_sun_never_sets_on_citadel_part_4/)
+
+***
+#4.9 All the Sun Touches, II
+
+Now, let’s roll this up into some key points that this fantastic community has uncovered the past year-plus:
+
+1. u/Criand showed out how Citadel [leverages](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity/) **swaps**
+* And u/con101smd pointed to how Citadel likely employs **krypto** (before deleting “The Long Con”) 
+* It’s also important to note that Citadel has an **adjacent hedge fund**.  *Extremely* important.
+* Because remember how u/atobitt caught Citadel **shifting funds between different Citadel companies, partners, and subsidiaries**, such as Palafox? (in the “Everything Short” in another sub)
+* And u/thabat theorized how Citadel might be **shifting assets between countries** [without disclosure](https://www.reddit.com/r/Superstonk/comments/pcklz0/rolling_in_the_deep_dive_hiding_money_in_the/)?  (and u/P_mage did some [work here also](https://www.reddit.com/r/Superstonk/comments/sx2tka/the_shorts_never_covered_or_closed_kiting_a_hot/), not to mention that one flight to [“Russia-not-Russia”](https://www.reddit.com/r/Superstonk/comments/skbb4y/any_fins_in_the_area_willing_to_get_us_a_tail/) right before war & sanctions) 
+* And we already covered Citadel’s **extensive international operations** and impressive **spread of products**.
+
+…all this plus Citadel’s **unequaled MM responsibilities in stocks and options and immense internal inventory**.
+  
+ 
+
+Now, let’s add a *VERY* interesting quote from u/Super_Share_8721’s [excellent find ](https://www.reddit.com/r/Superstonk/comments/tt7td2/holy_sht_article_from_2001_ties_ken_griffin_and/)(and I see you u/JustBeingPunny [!](https://www.reddit.com/r/Superstonk/comments/u3qm9z/kenny_admitting_to_using_bcg_to_spy_on_other/) - BTW it was only a partial quote earlier):
+
+* [key quote](https://i.redd.it/92frvoabgm491.png)
+
+ > “’[Ken Griffin has] built an extraordinarily diverse organization, **horizontally and vertically integrated.**  It’s something with franchise value, which makes him different from 95 percent of the companies **classified** as hedge funds.’” [emphasis mine]
+
+ 
+
+**Now put it all together:**
+
+*So, Citadel is at the heart of markets worldwide with unparalleled price influence, shifting assets between partner companies and subsidiaries, bundling stocks, bonds, options, other securities, commodities, krypto, real estate, ETFs, access to SDPs, ATSs, nearly unlimited inventory, PFOF, international asset holdings and distributions, swaps (bundled because Citadel is “horizontally and vertically integrated”)…*
+
+*…into EXOTIC products...*  
+*…pass them through their [international connections](https://www.reddit.com/r/Superstonk/comments/tl8uow/citadel_is_a_front_for_laundering_criminals_money/)…*  
+*…and offer them to “Real Money” clients?*  
+
+ 
+
+>!**Citadel is likely acting as an unregulated, backchannel *de facto* Prime Brokerage Investment Bank**!<
+
+>!They are likely bundling their offerings and services – including price influence – into exotic financial products…!<
+
+>!…and selling these to clients.  Brokers like Charles Schwab and Robinhood.  Hedge funds like Melvin and Sequoia.  [Running IPOs for companies.](https://www.businessinsider.com/how-citadel-securities-dmms-are-handling-ipos-remotely-2020-5).  Likely funneling the business through their [adjacent hedge fund.](https://www.bqprime.com/markets/griffin-s-citadel-beats-multistrategy-rivals-gaining-26-in-2021)!<
+
+***
+
+***
+
+#Kudos, u/Region-Formal !
+So I was horrified when I learned that average retail investor return who picks individual stocks does not beat inflation. I hear everyday that index investing is best for majority investors and that picking stocks is HARD and that is highly probable that you will lose money. Additionally, I read that 30 % of stocks lose money. I started investing about 1,5 year ago so I do not know if I can pick stocks, or whether I will lose money in the longterm. This is obviously scaring me.
+
+So I decided to do simple test. I found a list of S&P 500 stocks from the year 2000 (height of the bubble). Then, I selected 50 random stocks, which have financial history to this day. From those random stocks, I ran simple DCF analysis (from 1990-2000 data) and ascertained, whether they are cheap or not, relative to their past performance. If they were cheap, I added them to buy list. I did not do any further research. It took me 1 hour max. 
+
+Stocks from the buy list returned 15 % CAGR to this day, while S&P 500 ETF returned 7.34 % CAGR. Stocks that I excluded from the list because they were expensive (or had too much debt) returned 0-5% CAGR. I am not sure whether the test works, because I had to exclude companies that do not exist now (went private or bust). However if it works, why on earth would anyone invest in index, if you can beat market with calculator and one hour of time? Researching stocks hard also does not seem that important, while buying cheap seems CRITICAL. Also holding for 20 years seems to help.
+
+What are your thoughts? Did you try to do any similiar test?
+Almost daily someone posts on this sub with a business. The poster has a very faint idea what the business does and asks for help.
+
+ What should I do? Does this look like a good place to sock away some money?! Check out this DD this other guy wrote, it looks legit. What do you guys think?
+
+***No! Hell no!***
+
+If you have to ask someone else opinion on whether a business represents a good bargain, doubly so for anonymous internet users, you do not have the understanding to involve money in the operation.
+
+For learning? Absolutely. Curiosity is a necessity for expanding your circle. Nose around in anything and everything, watch others, ask questions, learn, debate. Read books that push the limits of your comprehension. Read technical write-ups and reports that go a little over your head, the kind where you've got to stop often to look up words in a dictionary. Look into business situations and court cases, and find out how they got resolved. Use these sources for *learning* \- never for *investment*.
+
+This is akin to playing games with people more skilled than yourself. Would I play nickel and dime poker with a professional? Heck yeah. Batting practice with Big Poppy, V.Mart or Trout? Without a second thought. Would I play for meaningful money? Not once. Not ever.
+
+The "too hard" pile. Circle of competence. Buy what you know.
+
+Many phrases, one meaning: *The most successful people* ***say No*** *to almost everything*.
+
+**The rule is as simple as rules toddlers master.** Never touch the stove. Don't ever stick things in electrical outlets. Don't talk to strangers. **Yet many ivy league educated professionals cannot seem to follow the rule.**
+
+It does not matter what the opportunity is, how great the upside, how much potential the business has, how smart the person selling you on it is, how much of a sure thing, or *how well other people understand the business*.
+
+If ***you*** don't understand the business, the correct answer ***for you*** is No.
+I’m asking this question because I am interested in what companies people will be really looking at if the market crashes so that I can start looking at them now and be prepared if it ever happens. I got the inspiration for this question from a recent episode of the Acquirer’s Podcast.
+Almost daily someone posts on this sub with a business. The poster has a very faint idea what the business does and asks for help.
+
+ What should I do? Does this look like a good place to sock away some money?! Check out this DD this other guy wrote, it looks legit. What do you guys think?
+
+***No! Hell no!***
+
+If you have to ask someone else opinion on whether a business represents a good bargain, doubly so for anonymous internet users, you do not have the understanding to involve money in the operation.
+
+For learning? Absolutely. Curiosity is a necessity for expanding your circle. Nose around in anything and everything, watch others, ask questions, learn, debate. Read books that push the limits of your comprehension. Read technical write-ups and reports that go a little over your head, the kind where you've got to stop often to look up words in a dictionary. Look into business situations and court cases, and find out how they got resolved. Use these sources for *learning* \- never for *investment*.
+
+This is akin to playing games with people more skilled than yourself. Would I play nickel and dime poker with a professional? Heck yeah. Batting practice with Big Poppy, V.Mart or Trout? Without a second thought. Would I play for meaningful money? Not once. Not ever.
+
+The "too hard" pile. Circle of competence. Buy what you know.
+
+Many phrases, one meaning: *The most successful people* ***say No*** *to almost everything*.
+
+**The rule is as simple as rules toddlers master.** Never touch the stove. Don't ever stick things in electrical outlets. Don't talk to strangers. **Yet many ivy league educated professionals cannot seem to follow the rule.**
+
+It does not matter what the opportunity is, how great the upside, how much potential the business has, how smart the person selling you on it is, how much of a sure thing, or *how well other people understand the business*.
+
+If ***you*** don't understand the business, the correct answer ***for you*** is No.
+So let’s say I buy an S&P 500 index fund. It’s my understanding that the fund takes that money and buys shares of various S&P 500 companies (maybe this is where I’m going wrong). If we have everyone thinking indexes are the safest and putting money there, wouldnt that drive up the prices of the S&P 500 company shares? If everyone bought the S&P 500 index, would it increases the price of the companies it holds? Over time, wouldn’t this pull the price of large companies up (Ik there’s other indexes but S&P ones seem the most popular). If this trend continued and continued, wouldn’t it make individual small cap companies more of a value? It just strikes me as weird that everyone buying the same thing is considered the safest move.
+Probably gonna get downvoted to oblivion, so you could consider this reverse moon farming. Anyways, before anybody discredits me, I am studying Computer Science and have been able to land some nice internships, so yes, I admit that I'm not an expert and there are many things I don't know, however I would consider myself someone that has been exposed to basic Computer Science concepts, and more advanced ones in Algorithms, Data Structures and Cryptography.
+
+With that out of the way, I just wanted to say that there are a lot of people here giving recommendations to new people (which is great) and there is this specific one that really irks me, "Read the whitepaper". Why does it annoy me so much?
+
+* Well, for starters I highly doubt that people giving these recommendations even read the whitepapers themselves, I honestly believe that they say this in order to look like "responsible investors" or "being in it for the tech", whatever their motives are, I believe that 99% are lying.
+* For the tiny minority that actually reads the whitepapers, I don't mean to sound like an asshole, but I highly doubt you understand the important technical part of the whitepapers completely. I say this because I've taken several high level CS courses in college and I struggle every time to grasp some concepts that describe how a certain project works and what makes it significant. I am certainly no guru, but I believe that I know more CS than the vast majority of people who are trying to get into crypto, and if someone like me can't understand what these whitepapers say, how exactly will a newcomer get any benefit from trying to read these documents?
+
+You know, I remember I got into crypto right when I started college, and even now 3 years later, I prefer just watching a simplified video about a project than trying to read the whitepaper, which I know will be a waste of time. There is a reason why most projects upload a simplified version that explains how the project works, and that's so that newcomers can get an idea of what the project is. Odds are that the vast majority of people trying to buy a certain cryptocurrency will be people that just don't have the background required to understand whitepapers, so let's stop recommending them to read whitepapers and instead recommend them something different, like watching videos or reading simplified articles that explain what the cryptocurrency that they want to buy is.
+Hey mangs,
+
+Last week in the daily we had a good little talk about the letter I had written to my wife that details certain emergency money measures.  The talk was so good, I decided to spin up a post on it.  This is that post.
+
+The letter covers three contingencies that I think could happen where I wouldnt be able to manage our money.
+
+* Short term (like I am on a business trip)
+
+* Long term (like I am in a coma or brain damaged)
+
+* Dead (this is permanent)  
+
+I sent a copy to here gmail where she will keep it forever and be able to find it by searching for "emergency money" and I also have a card copy in this little [fireproof box](https://www.amazon.com/gp/product/B004IPR22C/) we bought on Amazon a couple years back.  Here is the letter (names changed and screenshots removed)
+
+>**Short Term:**
+
+>1.  Use the normal credit card to buy stuff as needed.
+
+>2.  Make sure all bills are paid.  Everything is basically automatic and pays from our credit card or Ally .  We should have enough at Ally to last at least 4-6 months
+
+>3.  Pay our rent.
+
+>**Long Term or Bad situation:**
+
+>Note: Our emergency funds should last at least three years (probably more!) under normal-world circumstances.  You can ask my dad for advice.  After my dad, I would recommend Matt, Mike, and then Brad for advice.
+
+>1.  Immediately sign up for two (or more) of the 0% credit cards like you have done before.  Call and get the best credit limit you can.  Use those for as many purchases as you can to conserve cash. 
+
+>2.  Follow short term steps 2 and 3 above. 
+
+>3.  If/when Ally savings is exhausted, sell our stocks and bonds in our shared Vangaurd account which is called "OracleDBA's super time awesome brokerage"
+
+>   3a.  Log on to Vanguard with your username/password.
+
+>   3b.  Sell only what you need to satisfy cash needs.
+
+>   3c.  The order in which you sell is important.  Sell whatever has the highest long-term capital gain first.
+
+>   3c-1 once logged in go to cost basis-in the brokerage account
+
+>   3c-2 in the cost basis screen, click show details to expand all the holdings and then sell whichever holding has the highest LONG-TERM capital gain.  This should correspond to the lowest cost per share for that holding.
+
+>   3d.  On the sell screen, you can have the proceeds of the sale sent to our Ally checking or savings.
+
+>   3e.  Vanguard is really nice and you can call them if you need help with these instructions.  Also, the forum bogleheads.org is really nice if you need to ask questions about the right way to sell.
+
+>4.  If things are really bad or really long term, take time and hire a fee-only financial advisor. 
+
+>5.  Don't forget my long term disability which kicks in after 180 days!  That shit pays out $4100/month until I am 65.  If you have to claim my disability insurance, hire a lawyer who knows how to do that.  Also talk to the lawyer about social security disability.
+
+>**OracleDBA's dead:**
+
+>1.  Follow the short term steps 1-3 and also probably get some 0% cards until everything is figured out.
+
+>2.  Hire a lawyer and "fee-only" financial advisor.  Get advice from my Dad, Matt, Mike, and/or Brad.
+
+>3.  In the black fire-proof box is a list of all the institutions in which I/we have money and insurance.
+
+>4.  Our wills are in gmail and the notarized one is on our safe deposit box.
+
+>5.  Congrats! you are a millionaire!  P.S. go get a bunch of therapy and shit.
+
+That's the letter!   She found it very simple and reasonable.  I have many further things to share regarding this.  
+
+First, some of you may question why I instructed her to sell to lock in gains.  I did this because explaining when it might be appropriate to tax-loss harvest would be cumbersome.  Plus, given our holdings and tax situation, it makes sense.  If it ever doesn't make sense, I will update the instructions.
+
+Second, I do go to great lengths to share all and any financial details with my wife.  Her background is completely different than mine and she has very little interest in finances.  She delegates financial stuff to me.  You may have a different relationship/understanding with your spouse and that is awesome.   
+
+Third, I have a bunch of insurance (life insurance through my job) and a private (really good) long-term disability policy that I mention in this letter.  That might be a **really good idea for you** and you should think long and hard about what would happen if you die or become disabled.
+
+Lastly, I wrote this in accordance with my circumstances and beliefs.  Yours might be totally different!  My reason for posting this whole fucking thing was maybe to help you mangs thing about how your bankroll might be handled if certain crazy things in your life might happen.  It is worth thinking about and preparing for.  
+
+Edit: 
+
+**Bonus Points:** A few things have come up in this thread that are important.
+
+You should probably have a will and advance directive.  Go see a lawyer.  
+
+You should probably have disability insurance and maybe life insurance.
+
+You should for sure list a beneficiary or Transfer On Death in all of your financial accounts.
+
+
+Are there are programs or methodologies you would implement / take advantage of if you knew your household income was going to more than double in a year's time?
+
+Context: 
+
+I'm a software engineer in Boston making $80k base. With benefits and bonus - $105k. 
+
+My wife is currently a 4th year dental student who will be graduating in May 2020. Once she graduates, I'm expecting her to make about the average for the area which I've heard can be anywhere from $120k - $200k, conservatively planning for the lower end.
+
+I'm also optimistically expecting, but not banking on, receiving a promotion by the end of 2020 to push me to ~$150k. Suffice to say, I'm bullish on both of our career prospects and would like to take advantage of our incredibly fortunate position.
+
+An example of something I've been looking into: Boston offers down payment assistance and reduced-income condo purchases to those who fall within certain income brackets, which for the moment, I believe we barely do, but will obviously not in a year or so. 
+
+I've already done the safe moves by maxing my 401k, HSA, both our Roth IRAs, as well as contributing the tax-beneficial max into a 529. 
+
+Is there anything lawyers, other medical professionals, etc do when they know their hard-earned checks are about to start coming in? 
+
+Whether it's high-leverage investments, programs that only exist for earners in certain brackets, etc.
+
+I realize this is relatively vague, but I'm not exactly sure what I'm looking for / if there's anything there, but I figure it's worth exploring and might be of benefit to other future FatFIRE-ers.
+
+Thanks everyone. Love this community.
+My grandmother bought 200 shares of this company. I found them in her cupboard and thought about getting them dematerialized. I wanted to check their value out of curiosity but couldn't find them anywhere. 
+
+I searched the company on Google but couldn't find anything relevant. Please let me know if anyone knows about this company.
+Since posting this my wife (professional programmer) helped review my methodology and we found a significant error that does not change the general gist of this. R\^2 since 2013 ranges from .88 to .67 on an  annual basis.
+
+Edit: data from January 2021 onward: [https://docs.google.com/spreadsheets/d/e/2PACX-1vSx0cqTze--1GeAVTIPqzu9toqZBAauB8fDcZaGeWlOK9mU-4UnJHSKu0mPDwQIvh0dZjD-NKN\_iRyb/pub?output=csv](https://docs.google.com/spreadsheets/d/e/2PACX-1vSx0cqTze--1GeAVTIPqzu9toqZBAauB8fDcZaGeWlOK9mU-4UnJHSKu0mPDwQIvh0dZjD-NKN_iRyb/pub?output=csv)
+
+Friends, apes, primates, lend me your ears, for we have been poorly deceived. There has been analysis showing that GME and XRT are closely linked, but how closely has been a matter of some discussion. I ran an analysis of linear regressions on an annual basis back to the beginning of Reg SHO data in 2009, and the crazy thing is that XRT closing prices peg so ~~closely to a perfect explanation of GME's closing prices that my linear regression modelling software says that I should check the data for an error~~. it is an incredible explanation of 2/3 of GME's close price. As a control, I checked the same data against Kroger, ticker KR, which has a roughly equivalent weighting in XRT: [https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt](https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-sp-retail-etf-xrt)
+
+[Console output of regression modelling](https://preview.redd.it/y6ksrdevc1p81.jpg?width=620&format=pjpg&auto=webp&s=b9518afdaa120480280ce894665ac52d79113a91)
+
+Let's break this down: regressions measure the amount of variation in the independent variable (the stuff on the left side of the equation) against the variation of the explaining variables (the stuff on the right side of the equation). The R\^2 or in this case the Multiple R-squared is a measure of the fitness of a line drawn through the mean of the explaining variables. At first I thought, *Hey, I bet that shares marked short means something*, and oh boy was I wrong. Any combination of variables including shares marked short was only able to explain about 7% of the variation in GME's closing price. **AFTER CORRECTION THIS IS STILL TRUE.** However, it did so with some accuracy. XRT's closing price is a ~~perfect~~ close correlate of GME's closing price. This is not true of other XRT components. XRT is and has been pegged closely to the GME closing price ***since at least*** ***~~2009~~*** ***2013***.
+
+I'm going to throw in a gratuitous table of some of the data I compiled using Reg SHO scraping from NYSE and FINRA for this task, just so you can see what I was working with.
+
+​
+
+[Gratuitous compiled data from scraping Reg SHO data and yahoo finance for historical volume](https://preview.redd.it/br35jclof1p81.png?width=2625&format=png&auto=webp&s=500ee6155edeb20b38091d85e48a8f1a46fecf2f)
+
+As you can see, I've done an enormous amount of work here, and there are some other interesting conclusions that might be made about lit exchanges, OTC, and marked short volume. However, this stuff is all secondary to the fact that ***XRT is another GME ticker***.
+
+So whenever you see another "XRT has crazy SI" post what you should be thinking *I wonder how they're fucking with XRT to make it match GME today, and what kinds of shenanigans that SI for what is essentially another GME ticker means for GME*.
+
+Tl;dr: XRT isn't just closely linked to GME, it **is** GME.
+
+Expertise: I worked professionally at a federal agency as a Statistician in support of Economists for 2 years. I currently write regulations in a different federal agency (for an other industry) and turn budgets into hate using projections that have a \~99% accuracy rate given an accurate description of the underlying conditions. This is my second Due Diligence post on Superstonk.
+
+Edit: I showed this to my wife, who is an actual programmer, and I fucked up slightly. I accidentally attached the GME yahoo finance data to the XRT data. After correcting, the actual R\^2 isn't 1, it is 0.6782.
+
+​
+
+[I fucked up. Sorry. Still the best fit. Kroger improved to R\^2 of 0.00065](https://preview.redd.it/s9zesxde02p81.jpg?width=996&format=pjpg&auto=webp&s=3f62b8ea892918fade4ac4166c2fdf752f973f7c)
+
+​
+
+Edit: A good suggestion by a commenter was to perform the same sort of regression with SPY. Below is that output.
+
+[Multiple R-squared of 0.08](https://preview.redd.it/bz9kl29fg4p81.jpg?width=884&format=pjpg&auto=webp&s=26d9791dfcc3ba2ee5aed253277ee26b97f2d065)
+
+SPY has a strong ability to explain about 8% of the variation of GME.
+
+Edit: I was suggested to look specifically at AZO and VSCO for their time in XRT. Here are their results for 2021 and 2022:
+
+​
+
+[Less predictive ability in XRT for these two tickers](https://preview.redd.it/bctvwmsjb7p81.jpg?width=644&format=pjpg&auto=webp&s=1c7c7a40f04cafe277497fb217ee641c06e90771)
+I’m mid-30’s living in a HCOL with NW ~$19M. 
+
+Of that, I have majority ownership of a privately-held business that based on my percentage of ownership, the stock is worth roughly $8M. It has an EBITDA around $1.5M and in 2020 saw 9% sales growth, while in 2021 it will end up with about 42% sales growth. 
+
+After 2020, I realized I was just kinda “done” with this business emotionally, and instructed my CFO to start a search for a buyer.
+
+For all of the exciting talk of these big exits, this is a more sobering tale, as my company had a signed LOI from a PE Firm that went sideways at the 11th hour.
+
+Long story short, it was a deal brought in by my CFO and once they dug in, they realized the valuation they put on us was too high (basically double of what I am being quoted by some brokers we have since engaged) and the management team that would stick around in their view couldn’t manage towards growth as they pegged me as the engine of the growth. I’m likely not willing to stay onboard post-close and have been transparent about that. 
+
+Why don’t I want to continue? 
+
+I’m not particularly passionate about the industry although it is growing rapidly. It was a means to an end. Additionally, I am quite geographically removed from this business as I re-located a couple years ago, and have been able to leverage the existing management team to keep the ball rolling. Lastly, I would say, I have found that after passing what I think is my “number” of $10M NW, I don’t really want to get too cute with highly concentrated/high risk positions that still get me emotionally charged up like this company does since I founded it. 
+
+Other Considerations:
+
+Through this process, the relationship between the management team (who are also minority shareholders) and myself has soured to the point where they are insisting upon me selling, or they potentially will leave. 
+
+I got a revised offer from the original PE Firm for my shares that I think was mostly a “mercy” offer to save face on the initial valuation miss, for about $9.5M. Which sounds great, but there is a 20% earnout on that, 10% equity roll, and other nonsense. So when my CFO modeled out what I would be walking away with after tax at closing, I’d get about $4M guaranteed which just seems like a rip-off. 
+
+So realistically, what should I do here? In my mind here are my options:
+
+1. Sell the company for a value lower than I think it’s worth.
+
+2. Basically, call my management team’s bluff and have them either quit so that they can be replaced, or continue to run this company which spins off about $1M a year personally for me. 
+
+The obvious risk of #2, is that doing a management transplant in general let alone in this economy, is going to suckkk. But it may be unavoidable to get reasonable value for this company. 
+
+Where do things stand currently?
+
+I challenged my team to find an offer that produces $6M after-tax guaranteed No-BS cash at close for my shares. I feel like I could live with that as it would at least net out to a bit more than the “mercy” offer referenced above. They seemed interested in seeing if that would be possible. 
+
+What would you do here?
+Might be a great time to get into a Semiconductor ETF?
+
+​
+
+|\#|Ticker|ETF Name|TER (bps)|June '22 Assets ($MM)|
+|:-|:-|:-|:-|:-|
+|1|SOXS|Direxion Daily Semiconductor Bear 3X|1.01|$258|
+|2|SOXL|Direxion Daily Semiconductor Bull 3X |0.90|$3,320|
+|3|FTXL|FirstTr NASDAQ Semiconductor ETF|0.6|$75|
+|4|PSI|Invesco Dynamic Semiconductors ETF|0.56|$518|
+|5|SOXX|iShares Semiconductor ETF|0.42|$6,230|
+|6|KFVG|KraneShares CICC China 5G & Smcdtr ETF|0.64|$18|
+|7|USD|ProShares Ultra Semiconductors|0.95|$168|
+|8|SSG|ProShares UltraShort Semiconductors|0.95|$7|
+|9|XSD|SPDR S&P Semiconductors ETF|0.35|$940|
+|10|SMH|VanEck Semiconductor ETF|0.35|$6,280|
+
+​
+Margin Calls happen when a position secured on margin (borrowed money) falls in value low enough compared to the initial purchase price that the position holder needs to either close out the position or put down larger collateral to make sure the money doesn't all disappear.
+
+What happened with the $9B is **RH was trying to** **secure massive positions on GME** and other stock that were rallying, these stock had extreme volatility because they were raising so fast, **taking out a large position like this requires collateral with the DTCC** so that A) banks are disincentivized from YOLOing their entire fund into a dangerous position, and B) if your bank fails from it it doesn't destroy the global financial market because your collateral should be enough to fix a lot of the damage. The higher the assumed risk the higher the collateral requirement, because the stock was so volatile (huge movements up and or down) the calculation for risk associated made the collateral requirement very very high. Since RH most likely lumps up all their daily purchases and sends them out to the DTCC at the end of the day or week when they sent their purchases and positions. **When the DTCC received their new position said "OK to secure that position you need to hand us $12.6 billion"** upon receiving this news RH (and a bunch of other brokers who probably received similar collateral requirements) turned off the buy button, when the price fell they went back to the DTCC and said "but the price just dropped the volatility isn't so bad any more can we give you $3.6 billion instead?" and the DTCC waived $9 billion off the collateral requirement.
+
+The important difference is that The DTCC waived the collateral upon OPENING a position, they did not waive a margin call for a short hedge fund with an established position. The shorts are still bleeding, their margin collateral is probably locking up a large % of their portfolio.
+
+Hedgeis are still fuck.  
+
+
+edit:  
+adding an important comment in another thread by u/Fausterion18 and then shared here by u/jlw993 that in my opinion really sums it up better clearer than I could here:
+
+>"DTCC deposit requirements is nothing like a margin call or not being able to pay your mortgage. At no point would a broker be forced to buy shares, you have no understanding of the situation at all.  
+>  
+>DTCC deposit requirements exist due to counterparty risk. If clients of a broker like say Robinhood buys a lot of stock, Robinhood has to put down a tiny percentage of the value of the stock in case their clients didn't have the money to make good on the transaction. When the share price of what's being bought is more volatile, this deposit amount gets bigger. The GME squeeze took the brokers off guard and they didn't have enough deposited with DTCC to meet the new much higher deposit requirements caused by all the GME buying and volatility.  
+>  
+>If DTCC hadn't waived the deposit requirements Robinhood would have needed to either start liquidating client GME positions(yes, **selling** your GME stock, not buying) or halt all trading on their platform until the transactions cleared. The waiver was what allowed people to keep buying. If you wanted the price to pump higher, you should be thanking DTCC for the waiver."
+
+​
+**TDLR; Multiple huge swaps have appeared in GME and GME.N reporting data, each has amount 20 - 27 million USD (150k - 200k shares) - larger than any of the reported swaps before. After clearing up the data, and sorting out multiple report entries, it's at least one open portfolio swap but still the single largest reported swap in GME up to now. Furthermore, its early expiration date is unusual, September 2022.**
+
+To visualize swap activity, we look at the daily volume in swaps. As a simplification, regardless of whether a it is a new, a closed, or an updated position, those count towards the daily volume. We will also use "Quantity" as a volume measure that tells us the number of shares in the swap. "Notional Quantity" means the number of shares; whereas "Notional Amount" is the amount of money in USD. That's how the daily traded swaps volume looked like before:
+
+[Old timeline for GME from mid-May. Daily traded swaps by quantity \(number of shares\). Most of the activity are the continuously updated CFDs. On bullish phases, we observe new portfolio swaps.](https://preview.redd.it/wgw6yfop4s391.png?width=3510&format=png&auto=webp&s=380f94c0540ca543e1d69703367a9cdc8c6195d9)
+
+[Old timeline for GME.N from last week, the NSYE-traded ticker for GME. Daily traded swaps by quantity \(number of shares\). The two large spikes are portfolio swaps with an amount of 17 and 21 million USD.](https://preview.redd.it/ds6bdyvs4s391.png?width=3510&format=png&auto=webp&s=aed348d74e506fbbdb17499498c99867e63693e4)
+
+On Thursday evening and Friday morning (Eastern Standard timezone) multiple very large swaps were reported. I almost fell from my chair when I saw this:
+
+[Timeline for GME. Daily traded swaps by quantity \(number of shares\). The large spike on Friday are several report entries with portfolio swaps.](https://preview.redd.it/9gbiszl05s391.png?width=3510&format=png&auto=webp&s=0ade849c6efa2116f13f934c2c2c39b0ff23db6b)
+
+[Timeline for GME.N, the NSYE-traded ticker for GME. Daily traded swaps by quantity \(number of shares\). The large spike of reported portfolio swaps occurred on Thursday evening.](https://preview.redd.it/29kyzypp6s391.png?width=3510&format=png&auto=webp&s=1a0568bdcc23cd9b365042fdef585b9bd52be7f1)
+
+Take a moment and compare the plots - these swap trades look huge! However, upon further inspection, the trades in GME were terminated early. And the two trades in GME.N are probably a double-reported entry. Here are the details:
+
+In GME: Two very large swaps, 20 million dollars each, but they did only last a few hours. It was opened on 2022-06-03 11:57:39 UTC, before NYSE market open. But it was closed already one hour into market open at 2022-06-03 14:35:15 UTC. *So, it only looks huge but is not really special.*
+
+The trades in GME were done after the GME.N trades. *These two entries in GME.N are more interesting:* **Two reported entries of a new swap with 27 million USD opened at 2022-06-02 20:22:55 and 20:22:56 UTC, 200k shares each.** This may be a rare double-report: I am not sure whether it is one or two swaps that were opened, because of slightly different timestamps.
+
+From my experience with the data, double-reported entries are *extremely rare*. I still conservatively conclude that this is only one swap that was reported twice. On the other hand, the trade could have been split because at some point, the amount or quantity surpasses the maximum number in the reporting form. Or, someone tried to hide a 54 million USD swap by splitting it into two identical parts but messed up the simultaneous report.
+
+Most importantly, this position is still open and was not closed! **This is the largest reported swap trade in GME since the start of public reporting up to now!** The second largest portfolio swap was 21 million USD, followed by 17 million USD, both in GME.N and opened in March.
+
+There is another interesting detail here: **This swap is a short-time bet that expires already in September, on 2022-09-21.** Most reported swaps expire after one to ten years. The expiration date of the GME portfolio swaps mentioned above is nevertheless notable: It's in March 2023. This falls in a similar timeline as the other large swaps in GME.N, they also expire in January to April 2023.
+
+The huge portfolio swaps in GME that were terminated early are still a bit of a puzzle. Why were they terminated early? Why would someone do open a huge position and three hours after close it again? Maybe the portfolio manager (or, swap broker) terminated the trade to minimize his risk, or, because how hard it is to hedge this? Or, shall they act act like a trading signal to other parties?
+
+Now, what does this data mean? By inspection of the plots, other portfolio swaps were also opened in bullish phases. I thus speculate that these new portfolio swaps are bullish bets on a price increase in GME until September, or respectively, until H1 2023. They could also serve as a hedge for short-sellers. 
+
+Raw reporting data:
+
+    Dissemination ID,Original Dissemination ID,Primary Asset Class,Product ID,Action,Transaction Type,Block Trade Election Indicator,Cleared,Clearing Exception or Exemption Indicator,Day Count Convention,Effective Date,Embedded Option Type,Event Timestamp,Exchange Rate,Exchange Rate Basis,Execution Timestamp,Expiration Date,First Exercise Date,Fixed Rate 1,Fixed Rate 2,Fixed Recovery CDS Final Price,Floating Rate Reset Frequency Period 1,Floating Rate Reset Frequency Period 2,Floating Rate Reset Frequency Period Multiplier 1,Floating Rate Reset Frequency Period Multiplier 2,Leg 1 - Commodity Underlyer ID,Leg 2 - Commodity Underlyer ID,Leg 1 - Floating Rate Index,Leg 2 - Floating Rate Index,Non-Standardized Pricing Indicator,Notional Amount 1,Notional Amount 2,Notional Currency 1,Notional Currency 2,Notional Quantity 1,Notional Quantity 2,Total Notional Quantity 1,Total Notional Quantity 2,Option Entitlement,Option Premium Amount,Option Premium Currency,Other Payment Amount,Payment Frequency Period 1,Payment Frequency Period 2,Payment Frequency Period Multiplier 1,Payment Frequency Period Multiplier 2,Price 1,Price 2,Price Unit Of Measure 1,Price Unit Of Measure 2,Quantity Frequency,Quantity Unit Of Measure,Settlement Currency 1,Settlement Currency 2,Spread 1,Spread 2,Spread Currency 1,Spread Currency 2,Strike Price,Strike Price Currency,Underlying Asset ID,Underlying Asset ID Type,Underlying Asset Name,Leg 1 - Commodity Instrument ID,Leg 2 - Commodity Instrument ID,Option Type,Option Style,Execution Venue Type,Collateralization Type
+    "355465577","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Termination","","U","","","2022-06-03","","2022-06-03T14:35:14","","","2022-06-03T11:57:35","2023-03-15","","","","","","","","","","","","","N","20,000,000","","USD","","","","150,000","","","","","","1M","1M","1","1","133.33333392","","USD","","","","USD","","","","","","","","US36467W1099","ISIN","","","","","","",""
+    "355465578","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Termination","","U","","","2022-06-03","","2022-06-03T14:35:15","","","2022-06-03T11:57:35","2023-03-15","","","","","","","","","","","","","N","20,000,000","","USD","","","","150,000","","","","","","1M","1M","1","1","133.33333392","","USD","","","","USD","","","","","","","","US36467W1099","ISIN","","","","","","",""
+    "355451807","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Trade","","U","","","2022-06-03","","2022-06-03T11:57:39","","","2022-06-03T11:57:35","2023-03-15","","","","","","","","","","","","","N","20,000,000","","USD","","","","150,000","","","","","","1M","1M","1","1","133.33333392","","USD","","","","USD","","","","","","","","US36467W1099","ISIN","","","","","","",""
+    "355451808","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Trade","","U","","","2022-06-03","","2022-06-03T11:57:42","","","2022-06-03T11:57:35","2023-03-15","","","","","","","","","","","","","N","20,000,000","","USD","","","","150,000","","","","","","1M","1M","1","1","133.33333392","","USD","","","","USD","","","","","","","","US36467W1099","ISIN","","","","","","",""
+    "355174642","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Trade","","U","","ACT/360","2022-06-02","","2022-06-02T20:22:55","","","2022-06-02T20:22:39","2022-09-21","","","","","","","","","","","","","N","27,000,000","","USD","","","","200,000","","","","","","1M","","1","","135.00000046","","USD","","","","USD","","","","","","","","GME.N","RIC","","","","","","",""
+    "355174662","","EQ","Equity:PortfolioSwap:PriceReturnBasicPerformance:SingleName","NEW","Trade","","U","","ACT/360","2022-06-02","","2022-06-02T20:22:56","","","2022-06-02T20:22:39","2022-09-21","","","","","","","","","","","","","N","27,000,000","","USD","","","","200,000","","","","","","1M","","1","","135.00000046","","USD","","","","USD","","","","","","","","GME.N","RIC","","","","","","",""
+Welcome to the Daily Discussion [Serious] thread of /r/EthTrader. 
+
+***
+
+The thread guidelines are as follows:
+
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+
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+
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+
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+
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+***
+
+Thank you in advance for your participation. Enjoy!
+
+https://techcrunch.com/2019/06/10/salesforce-is-buying-data-visualization-company-tableau-for-15-7b-in-all-stock-deal/
+
+Couple this with Googles acquisition of Looker. Huge consolidation in the Bi/Data space.
+I moved 6 months ago because the landlord was moving back in and the new place I got was $40 cheaper. I’ve only just realised that places available now are now an extra $50 cheaper meaning a reduction of $90 a week for me compared to last year’s rent. 
+
+I’m going to negotiate with my landlord to get the extra $50 off, and if they refuse, no biggie because there’s a glut of properties available in my area so it will be their loss. I’ve also worked out that I would recuperate the costs of moving within 2 months. 
+
+Just thought I’d send out a reminder to others as I never would have bothered to check otherwise and who doesn’t love having extra money.
+​
+
+[The ever-shrinking float](https://preview.redd.it/whlvjhlahwu71.jpg?width=761&format=pjpg&auto=webp&s=e0227bcbcb5b4220e06e7eb458206989d0c2b4e4)
+
+* Lower the price, and the float locks up faster.
+* Let the price run and pay higher collateral costs.
+* As the float gets smaller, there are no extra shares to borrow to have your friends assist in the downward pressure.
+
+MOASS is inevitable at this point if we get our shares locked up in Computer Share.
+
+Shall We Play a Game?
+
+The only way for Citadel to NOT LOSE MORE is to surrender. They have already lost. It's just a matter of who else also goes down with this ship.
+Im a total newbie and looking into starting the journey in real estate investing. 
+
+my job is fully virtual, so I can move anywhere. I’m currently with my parents and they are moving so I’m thinking this is my chance to move into my own property and put my money towards building equity instead of throwing it away on rent. 
+
+For now, I’m looking at single family homes that I can live in for a few years and then rent out to a tenant. I’m looking at the Atlanta housing market as my top choice so far. I’m not sure if I should put down a small amount like maybe 5% so I can afford more house in better areas and have more money for unexpected costs/repairs or if I should save up more money and go for a cheaper property while not having much money left for those unexpected costs. 
+
+Any advice or direction would be appreciated!
+It's in the news again that the government are considering scrapping higher rate tax relief on pension contributions, which seems to be a regular occurrence when there's a budget coming up.
+
+https://www.telegraph.co.uk/politics/2022/11/05/jeremy-hunt-plots-10bn-tax-grab-better/
+
+Pension contributions are effectively refunding the income tax you've paid now for deferring this income until to retirement, at which point it's then taxed. It has the advantage that 25% is tax free and in retirement you may be in a lower tax bracket.
+
+If we take a higher rate taxpayer then it ultimately costs them £6,000 to have £10,000 paid into a pension, although some of this relief may have to be claimed from HMRC rather than applied automatically. If we ignore growth and you have this £10,000 to take out as a basic rate taxpayer then:-
+
+- 25% is tax free. That's £2,500.
+- On the remaining £7,500 you pay income tax of 20% (£1,500) to get £6,000.
+
+That's a total of £8,500 back from your initial payment of £6,000. That's a net uplift of 41.67%. You've essentially got your £6,000 back and been given £2,500 of free money. To repeat, every £60 net you put into a pension as a higher rate taxpayer means you'd get £25 absolutely free as a basic rate taxpayer in retirement.
+
+Obviously there are limits of what can be paid in and you'll have other priorities in life but if you, or your parents if they're still working, are in this position then it makes sense to squirrel away what you can BECAUSE IT'S FREE FUCKING MONEY!
+
+This is without even mentioning potential benefits such as salary sacrifice, your employer matching contributions, clawing back the child benefit tax charge, clawing back the lost personal allowance, money in a pension being outside of your estate for inheritance tax and so.on.
+
+Unfortunately for basic rate taxpayers it's far less generous as the uplift from £80 to £85 net per £100 gross comes to 6.25%, but that's still effectively a free year of growth compared with putting the money in an ISA.
+
+Tl;dr - FREE MONEY!
+So I’m $93,168 in debt. I had no control over the loans, my mom said she would handle them as I went through college.
+
+I currently have 5 different loans at differing interest rates, here they are:
+
+$24,202 at 5.3%
+$20,454 at 7.08%(!)
+$26,454 at 7.6%(!!)
+$11,131 at 7%
+$10,912 at 7% 
+
+Assuming that all stays the same, by my calculations (which might not be fully correct), will be around $1,069. 
+
+My other expansive include rent + utilities which is roughly $700 for me shared with my roommate, and a car payment which is $250 a month. 
+
+I just got a first job post graduation at a whopping $42,000 annual salary, living in PA I expect to take home like $2600 per month. 
+
+So clearly I’m super tight and not sure i can live like this, what are my next steps?
+Hi guys,
+
+I want to start financial planning to save for future so i can afford to have a family and afford some luxuries in life (later on) but, there is SO MUCH Info out there i just dont know where to start!
+
+is anyone willing to share their financial plan and how they stuck to it? problems they had? stuff they wish they knew too perhaps?
+
+Any help would be greatly appreciated :)
+[https://uk.finance.yahoo.com/news/black-deportation-staff-called-cotton-150806960.html](https://uk.finance.yahoo.com/news/black-deportation-staff-called-cotton-150806960.html) 
+
+Thought this was a solid company fundamentally but I am put off by this recent lawsuit and have researched deeper into the companies past and have found a fair amount of shitty ethics. Felt uncomfortable holding such a company so have sold all my holdings. Wondering if other people are put off companies in such events?
+
+This is not political but a discussion of ethics when it comes to investing in companies.
+I wanted to post this as a reminder to check your recurring subscriptions! There might be something you forgot about/ don't think about until the payment comes out of your account. The three I cancelled are
+Amazon Prime: $15
+HBO subscription: $16
+ Chegg Study: $15
+and there is one more that I'm on the fence about, but it would save another $11 each month.
+
+I don't know why I kept these for so long. I rarely order from Amazon. Definitely not enough to justify the prime membership, and I signed up for that free trial of HBO and then forgot about it. I haven't used Chegg in a year.
+
+I'm planning to put this $46 straight into my savings account each month. That will be an extra $550 by this time next year!
+
+If you haven't already, look through your bank statements from last month and make sure you cancel anything you're not using!
+Charles Payne is talking about how wall street is throwing a temper tantrum and blaming "meme" investors for the stock market going down.
+
+Seems like they're starting up the spin cycle for the inevitable.  Once a clip becomes available I'll post it.
+
+Bullish.
+
+https://www.youtube.com/watch?v=fQXwLhCeLso
+This is a 7 day poll. Please take your time. Poll runs from 10/5/2018 - 10/12/2018
+
+Vlad has written two Medium Blog Posts recently regarding Governance.  
+
+This is a call to action for EthTrader **to read them first** (if you haven't) and then **vote your selection.** This is a proof of concept for EthTrader to help those who do code work at the top better understand what a large group of traders/investors think. 
+
+​
+
+Comments regarding this topic are appreciated below!  They will be read no doubt.  Please take the time to read through these blog posts because what he talks about is really interesting.
+
+​
+
+First Read this Blog:  [Blockchain Governance 101](https://blog.goodaudience.com/blockchain-governance-101-eea5201d7992)
+
+​
+
+Then Read the followup:  [My Intentions For Blockchain Governance](https://medium.com/@Vlad_Zamfir/my-intentions-for-blockchain-governance-801d19d378e5)
+
+​
+
+[This is Vlad's own Google Doc where you can choose your level of interest](https://docs.google.com/forms/d/e/1FAIpQLSdOnMi5UD2gFv_Z7fVxDAReml2XeuvtK1N5BxOvLkrKLIqiMA/viewform) in each of the choice if you'd rather do it that way. Either way, Vlad thanks you for your Donuts and time.
+
+​
+
+Thanks for your Time!
+
+Edit:  Don't forget to switch to new.reddit.com/r/ethtrader. Also don't forget to toggle between "Community Points (donuts)" and "votes" to see the weighted versus raw vote view.
+
+
+[View Poll](https://www.reddit.com/poll/9ll7dl)
+
+Edit: words
+## Intro
+
+Hey everyone today I'm going to give you an intro on Modern Monetary Theory (MMT). I will mostly be drawing on the book The Deficit Myth by Stephenie Kelton. This book is not very technical and designed to be read by someone who would pick it up at an airport so I would like to stress that this is an intro to the ideas and that I'm not an expert in the area. MMT tends to get peoples knickers in a twist so keep in mind that I am just the messenger here and that while I'll respond to questions as best as I understand, I'm not going to be able to help with the intricate details.
+
+Alright lets start with some background on the history of money. If your hungover as fuck after a big Friday night and want to skip this feel free. However its purpose is to give you a bit of a history around monetary theories and how that has shaped where we are today, if all you know is that money arose out of the desire to make barter easier then I strongly recommend you read it.
+
+# Background - Why is money the way it is?
+
+In this section I'm moving away from Kelton and utilising the works of Robert Skidelsky in Money & Government, David Graeber in Debt and some other varied reading.
+
+So what is money? Well that shit is obvious its a medium of exchange for our markets. We get paid money from our work and we spend that money on goods and services. 
+
+But...
+
+Where did money come from?
+
+## The classic theory
+
+
+Well the classic lesson we learn in basic bitch economics textbooks comes from Adam Smith in The Wealth of Nations. Money arose out of the need to have a medium of exchange for barter. This book was written in 1776 at a time as European nations were traveling around the world and enslaving and colonising people. Adam Smith states that even among the savages barter can be seen as the primary means of exchange.
+
+This is really convenient to quickly handwave away the origins of money so you can teach students about supply and demand but the reality is much more complex. 
+
+First of all, why are we trusting the anthropology of some dude from 1776? This is the same year that America became independent and lets just say that the anthropological work being done at the time was very limited to its time. In fact, there is a lot of examples even in Adam Smiths time where barter is not the primary means of exchange. However all this is out of the scope for this post.
+
+So if it isn't barter then where did money originate from?
+
+## Chartalists
+
+Well some people called Chartalists came up with the idea that money is essentially an 'IOU'. Therefore money is essentially a debt contract and it is the social bond between people that makes money work. If a bloke called Harry says IOU some shoes and gives you a piece of paper for it, then the debt contract is dependent upon the social bond between the two people. However, what if you want to pass that debt onto Sally? You sell that IOU to her and as assure her that Harry is good for it. This could continue indefinitely creating the circulation of money. One theorist called Mitchell-Innes says that giving someone a gold coin is essentially no different to this IOU.
+
+This shit happened in early China where they would hand these notes around and add the signature of each person to give it extra authenticity. This also happened a lot in agriculture where farmers would take out an IOU in winter and then pay it off during a harvest.
+
+Once these systems are in place, they are very stable. Charlemagne introduced a monetary system and even after 300 years after his death people in Middle Europe still used his monetary system, long after the coins stopped circulation.
+
+So why did early rulers introduce these systems?
+
+One theory is that rulers needed armies. They also needed to feed those armies and pay those soldiers. Foraging is not an option for large armies and there is no reason that your average punter would want anything from the soldiers (other then a protection racket). So whats the solution to this? You force peasants to pay you one coin every year and then you give the soldiers your coins. The soldiers now have something the peasants need and they can pay them the coin in order to get food. In my eyes, this becomes really important for MMT later.
+
+----
+
+I will state here that all this stuff is theories. There is heaps of debate around this stuff. In my view the chartalist position is much stronger then the barter one. However I think the barter/metallist view becomes really useful soon.
+
+### So what does this have to do with anything?
+
+Alright, so we now have these monetary systems and we know they are stable. We know the purpose of taxation is for the state to force its citizens to use their currency. They then use this currency to do shit such as build things and fund armies. However, there seems to be a bit of an issue here. The coin is only as good as the government behind it. This becomes very problematic during economic turmoil and doesn't help with stability.
+
+In order to solve this problem some governments decided that the currency needed to be backed by something. The example that everyone knows is the Gold Standard. Instead of money being backed by the government, it becomes backed by gold. In the olden days every coin would be worth its weight in gold. That way even if the government ate shit you could just melt down the coin and not be out of pocket. Additionally a government could actually go bankrupt if they exported all their gold and couldn't get it back instead of minting more coins.
+
+This created stability by constraining the money supply which prevented runaway inflation and by making currency have an innate worth. Throughout the ages there was heaps of debates about this. Some sovereigns would reduce the amount of metal in a coin without telling people, some would mint new coins and there was endless debate about whether silver should also back currency instead of just gold (bimetallism).
+
+This leads us up to 1971 and the true beginning on MMT as we know it today.
+
+# Background Complete - The Gold Standard, Bretton Woods and Fiat Currencies.
+
+So, the previous monetary system/agreement was called the Bretton Woods system. In this system the US Dollar was pegged to gold at $35 an ounce and became the reserve currency. Then, all the other countries would peg their currency to the US Dollar. This essentially enforced the gold standard but gave countries other then the US some flexibility. The IMF managed a lot of this and could provide liquidity and manage this system.
+
+However this all came tumbling down in 1971 when the US floated its currency abolishing the system. MMT is essentially the theory that describes the new fiat system we live under. We are now back under that original system I described in the background where the currency is backed by the government rather than any intrinsic value.
+
+## What is MMT?
+
+
+MMT is the theory that tries to describe the monetary systems where sovereign nations are the monopoly issuer of their fiat currency. It requires two core tenants.
+
+1) The nation is sovereign. 
+
+This is important as if you do not have control over your monetary system then you cannot change anything, your hands are tied. 
+
+
+2) It has its own monopoly fiat currency.
+
+Panama uses the USD and it doesn't have the ability to affect the money supply in any way. As such even though its sovereign it cannot utilise MMT as it lacks the power to do so.
+
+The EU is another example of this. None of the central banks in the EU have a monopoly over the Euro and as such they can't utilise MMT.
+
+Notably, the UK has its own currency even within the EU.
+
+You also get countries with a shitty currency being forced to loan in other currencies. Argentina was forced to borrow in USD as people did not trust them enough to borrow in their local currency. We can see with IVZ that as part of the special economic zone they deal in a foreign currency rather then the local one.
+
+
+----
+
+## Inflation is the issue, not debt.
+
+With that out of the way I'm going to focus on Australia and the US. When I use a generic term for a government or country remember that this assumes those two tenants of MMT above.
+
+Alright so remember how in the background we discussed how in order to pay for things you issue a currency, use that currency to pay for things and then force people to accept that payment by making them pay tax in that currency? Well MMT uses this foundation to say that deficits and debt as we know them today pose no real threat to a country going bankrupt.
+
+Why is that? If your average punter takes out a loan and can't pay it back then they are fucked and have to go bankrupt, whats different?
+
+Well, the difference is you don't have a money printer in your house that you can use to pay back those loans. If the Aussie government wanted to they could simply pay back all our loans in Aussie dollars at the press of a button. We control our currency, the loans are in Aussie dollars so we just print more and pay it back.
+
+Well why the hell don't we do that?
+
+Because inflation would kick our ass that's why. We print that money, our $ becomes worth less then before and everything becomes more expensive and shit. So inflation not debt is what indicates overspending. This might seem obvious but remember that MMT is trying to describe the current monetary system, not invent a new one.
+
+This is a subtle but very important difference. Remember the gold standard? Back then the fixed supply of gold is what constrained spending, if you didn't have gold you went bankrupt. Your debt was a real issue. Now it is inflation that is the real issue.
+
+### Ok big deal? What difference does that make?
+
+Now that we know inflation is the primary issue its time to start looking at things like the supply of money. So, I'm going to use Kelton's idea of buckets here:
+
+[I was forced to take a picture as I couldn't find this image online](https://i.imgur.com/3JggWnV.jpg)
+
+So, to keep it simple imagine imagine there are two buckets. One bucket is the government. The government raises funds by borrowing or taxation (or brrrrr). Any deficit is has will become debt. The other bucket is the private sector. It takes money from the government and returns it via taxation. 
+
+**A government deficit is a private sector surplus and vice versa.**
+
+If you think about the debt in this way, you can see that it is actually a balancing act between how much private surplus you want vs government surplus. Generally, we want a private sector surplus as its good for growth. This is why you see governments rack up so much debt. You can also see how this generates inflation. If you put $100 into the private sector bucket and take $0 out, the government is at a $100 deficit. If this $100 deficit is covered by printing money then that is essentially another $100 added to the money supply which increases inflation.
+
+Now, obviously there is also the foreign sector bucket. This represents a trade surplus and deficit. In the figure shown we can see how both the private and public sector are in deficit, this is because they are importing so many goods from overseas. I don't have time to get into this but you can understand the implications when it comes to deciding monetary and fiscal policy.
+
+----
+
+# Examples
+
+Alright that was a lot of information and tbh it wasn't until I started writing this that I realised how much actually goes into this. So I think I'll give some examples.
+
+1) MMT describes our current spending.
+
+At the moment the government raises money with bonds. They say give us 10k now and in 10 years we'll give you 10k + 0.XX%. Institutional invests say 'Well this can't go tits up' and buy those bonds. This is done through a bidding process where the insto who bids the lowest interest rate gets the bond. With quantitative easing, the Reserve Bank buys bonds off these instos. They set a target interest rate (0.25% or 0.1% or even negative rates in some places) and start buying up these bonds. The instos get a free lunch in that they just directly sell the bond to the RBA and take a small slice of profit for their troubles.
+
+How does the RBA get this money? It just fucking prints it. Wow, sounds like MMT with extra steps.
+
+There are arguments about the purpose of having bonds to set interest rates and other benefits however when an MMT economist says that we could just pay off all our debt tomorrow this is what they mean. The RBA would just buy all of the fed govs debt.
+
+2) Taxation curbs inflation
+
+Remember the buckets? Well the taxation that the government takes in nets out the spending it does under MMT. So, if you are worried about the economy running too hot, taxing it more is a valid strategy to reduce inflation rather then just cutting spending. This is where politics comes in about who should get taxed and where that spending should go.
+
+3) Bears are fukk (?)
+
+If we think of [these weights](https://c.tenor.com/KHFiSxhUNpgAAAAC/rock-lee-anime.gif) as the gold standard being released to allow for fiat currency, then debt orientated thinking is the same thing to MMT. We are removing major fiscal and monetary restraints so that we can get closer to utilising our full fiscal and monetary headroom. This explains why everything is popping off so hard on every single indicator we have. What else are we seeing? Rising inflation. Even if not explicitly stated, MMT is definetely the framework that governments are operating on at the moment.
+
+----
+
+Final notes:
+
+MMT gets a weird amount of hate imo. Perhaps it is because it is promoted by many progressive capitalist economists who want to use this extra headroom to pay for healthcare, education and renewables or any of that garbage. However, I don't think the underlying theory is all that crazy. Regardless, I have barely scratched the surface of this bad baby and this post is already way too long so I'll leave it at that.
+
+Strong recc on the books:
+ The Deficit Myth by Stephenie Kelton its a really easy read.
+
+Money & Government is also fantastic if you're more finance focused.
+Hello,
+
+I'm 23. Been trading stocks since I was 19 but I've been getting more serious lately and I picked up options trading last month. I've tried a few different strategies, and right now I'm selling covered calls and credit put spreads on WKHS (most of my calls are pretty far OTM because I wouldn't be super happy getting my shares called away). I've been making a nice little profit--about two hundred a week.
+
+My main goal is to eventually sustain myself solely with income from selling premium (so that I can spend my free time making music), and I just really want to know if anyone out there makes a living selling options and at what age/with how much capital they were able to do so. Love this sub reddit! Thanks, guys!
+If you and your spouse are both withholding as married, taxes are withheld as if this paycheck is your family's only source of income. That's why everything looks fine and dandy with only one W-2 put into your online tax preparer, but there's a sudden massive liability when you put your spouses in. Your spouse didn't mess up, the same thing would happen if you put their W-2 in first and your W-2 in second. Both of you should be withholding as either single or dual income.
+
+Similarly, each job withholds as if it is your only job. If you have 3 jobs where you each make $12k a year, each job assumes you'll have no tax liability. It looks fine when you put the first W-2 in, but increases as you add the others. Your second and third job didn't mess up, the same thing would happen if you started with either of the two other W-2s. Use the IRS's official tax burden estimator to figure out how much extra you should be withholding through one of these jobs to compensate for the other two.
+
+Edit: I'm not affiliated with TCF National Bank, it's joking username
+My Mom died last week and it very sudden, very unexpected. My Dad is still living. There are several guides available about the loss of a loved one and how to handle the estate, and I do have a good idea of where to start (notifying the credit bureaus, etc) but I cannot find an article about handling things when one parent is still living.  My Dad is completely unable to manage his finances (he has a very hard time with computers and cell phones and is pretty severely dyslexic), my Mom handled absolutely everything about their money. Luckily I use their same bank and have been able to log into their account and get an idea of what is going on.
+
+I am only child, my Dad retired 3 weeks ago (my Mom was a homemaker), and when he retired they also paid off their house. The paperwork for pension, social security, and the house was just beginning to be sorted out by my Mom when she died, but there are some guides online that I think will help me and we do have an appointment with my Dad's pension administrator to sort the pension out.
+
+But my main concern if that as I will likely be in charge of managing my Dad's finances, not just for now but probably for the long term, how do I go about this? My Dad wants to add me to everything - his bank account, the house (again, that they just paid off), vehicles. This is to help him manage things and also in case he passes. I have no idea what my parent's credit looks like (I was planning to open a Credit Karma account with my Dad's information to get an idea) but my own credit rating is almost perfect, and I don't want to lower it. I already own a separate home and pay a mortgage on it, would having my name on another house be a concern? Maybe taxes would be a problem? I also do NOT want to responsible for any debt if that is avoidable.
+
+The timing of my Mother's death is terrible. They were JUST about to sit down and show each other how to manage things if the other one passed away, because they were growing increasingly worried about Covid (her death was not from Covid). They were just beginning to think about the next chapter, of what retirement would look like. This sucks.
+It seems like no one has noticed LGP (Market Cap ~87mn), possibly the best pot stock on the ASX. They just released the December quarterly with revenue of 2.45mn, receipts 1.86mn and positive operating cash flow of 853k. The prior quarter they did 1.29mn rev, with 1.44mn in receipts. Considering the only announced new contract during the quarter was a 600kAUD shipment to Germany (first medical cannabis company in AU to ship bottles to EU) a large portion of the December quarters revenue seems to be repeat customers. For comparison CPH did 700k receipts this quarter (MC 178Mn), CAN did 99k (MC 166Mn), AC8 13k (MC 54Mn).
+
+On top of the already shipped 2400 bottles to Germany for 600kAUD LGP has also entered into a three-year agreement with Berlin-based DEMECAN for the sale and export of up to 1,000kg of dried flower or 48,000 units of medicinal cannabis oil product per annum with the first commercial shipment due to be announced some time this quarter. They are also already exporting to both the UK and NZ.
+
+Over investor calls management has stated that there is no immediate need for any CR and even described the 600kAUD shipment to Germany as "immaterial", makes you wonder what is coming in the future. The company only went public in Feb 2020.
+
+Happy to hear what others have to say. 🚀🚀🦍🦍🌕
+I have spent the last few months picking up financial related tips from this sub/blogs/etc. and thought I would combine what tips I have learned in one post (and for others to append to). These are things that might seem obvious now but weren't to me earlier on.
+
+Early career
+
+* Try to get equity in your employer as soon as possible. I didn't know that many tech jobs (both startups/established companies) will allow you to take a slightly reduced base pay for more leveraged equity. My peers who have had equity have worked harder, become more financially successful and enjoyed their jobs more than my peers who kept to larger base salaries
+* Options (ISOs and those that you manage with an 83(b) Election) can be much more tax efficient (+25%) than the base pay on your W2 - they also have \_much\_ higher variance.
+
+Incentive Stock Options (ISOs) / Company Stock
+
+* Make sure you understand the implications of AMT *before* your ISO vesting date. There are a lot of calculations to make around how much of your stock you want to exercise and hold (in hopes of paying long term capital gains tax) vs what you might want to sell immediately (in order to "sell to cover", avoid AMT or avoid an anticipated future drop in your stock). I made the mistake of being scared off by the complexity of AMT and so just didn't do anything with my vested shares which was non-optimal. Good table of tax tradeoffs [here](https://employeestockoptions.com/amt-credit-iso/).
+* I have been through the full gambit of insane stock gains and crashes, I recommend always selling 5% of your position each quarter at a minimum. This locks in some gains but still keeps some "lottery tickets" in your pocket. [This website](http://openinsider.com/) is an awesome way to see how high level people in your publicly traded company are selling/buying their stock (and how much they have!)
+* Always do ESPP (if offered) and make sure you choose a withholding percentage that doesn't cause you to hit the 25K/year limit in the first offering, rather spread it evenly over the year
+
+Tax Efficiency
+
+* Muni bonds can be a great place to store cash (saving up for a big purchase, market dip, etc.) because they have no federal tax and you can get state specific ones that also have no state taxes! For example, [VCLAX](https://investor.vanguard.com/mutual-funds/profile/overview/vclax) has a roughly 1.5% yield with no taxes (if you live in CA) which really smashes Wealthfront's HYSA post highest tax bracket yield of \~1% (1.78 \* 0.6) for only a bit more risk. EDIT: As u/tophouse pointed out, the qualified yield is 1.5% (which is tax free) and  the CAGR is around 4.8% for the fund lifetime (which you would have to hold long to get cap gains rates (which you can't get with HYSA) In 2008 the fund returned -6.8% so this is definitely more risky than cash.
+* Make sure you put investments with non-qualified dividends in a tax friendly account like a Roth - I messed up and put a common REIT, [VNQ](https://investor.vanguard.com/etf/profile/overview/vnq) in a regular taxable account
+* Treat your HSA (if you have one) like a retirement account and fully max it out each year. Let your savings compound tax-free and instead keep a detailed spreadsheet of your medical expenses as there is no expiration on when you can pull out the [expenses in the distant future](https://www.irs.gov/pub/irs-drop/n-04-50.pdf).
+* If you own large properties, some states allow a [Current Use](https://www.maine.gov/revenue/propertytax/propertytaxbenefits/current_use.htm) program to significantly decrease property taxes.
+
+Retirement Accounts
+
+* There are tons of [good threads](https://www.reddit.com/r/fatFIRE/comments/f2dgyy/a_fat_guide_to_retirement_accounts/) on this but just confirm you know about Roth (Mega)Backdoor conversions and are fully funding your 401k to the current 19.5K limit b/c you can deduct that from your AGI independent of how much you make
+
+Taking Time Off
+
+* A lot of employers will allow you to take some unpaid leave after you have demonstrated exceptional value to the company. This is great for the employee because
+   * Often your equity keeps vesting or at the very least the company keeps appreciating while you are gone
+   * You come back refreshed and work twice as hard than when you were burnt out
+   * With the progressive tax scheme in the US, if you take 2 months unpaid, you aren't missing out on 16% of your salary -  in top bracket cali (\~50% marginal) you will have taken 2 months off but only have 8% less post tax money :)
+   * Lastly, for the employer, this setup is advantageous because they get to retain a great employee and they don't have to start the minimum 6 month process to recruit/hire/spin-up a newbie
+* You will never wish you took less time off
+
+Miscellaneous
+
+* Building a portfolio in Wealthfront and then replicating in Vanguard/Schwab minus the 0.25% fee is easy (0.25% is a lot if you consider VTI has a 0.03% expense ratio)
+* Chase Reserve can give you meaningful money back on restaurants (always get the bill and then Venmo friends instead of splitting with 5 cards) & travel, about 4.5% (total of 30% w/ Lyft) back when converted into travel (and this is tax free)
+* [Portfolio Visualizer](https://www.portfoliovisualizer.com/backtest-portfolio#analysisResults) is a simple way to backtest investment ideas.
+* I'm really interested in environmental investing, [this is a great](https://fossilfreefunds.org/) fund screener and [VFTAX](https://investor.vanguard.com/mutual-funds/profile/VFTAX) is a good first investment vehicle.
+* Tell as few people as possible the extent of your wealth. As soon as anyone knows you have fatFIRE'ed (or are getting close), they begin to "expect" certain things from you.
+
+​
+
+edit: additional miscellaneous
+
+edit: muni update
+I ask this question bc my friend really thinks its gonna get him rich so he never pays attention in class and doesn't worry about his marks bc hes gonna become rich while we waste time at a university studying for 4 years this worries me because hes telling everyone that hes gonna be rich while everyone works at low paying jobs.
+I'm a fan of wheeling. However, when I go naked on an option I only go in with what I believe I can afford to hold onto if I'm exercised. Yes, it ties up capital and leaves capital on the sidelines but the overall returns are still good and in the worst case scenario I end up owning stock at a price below what I would have paid for it anyway and writing a covered call next time around.
+
+I'm exploring going into credit spreads. There's tremendous upside to is since you can get greater returns if the strategy works out and the losses are capped if the position goes against you.
+
+My question is what do you do when you have a losing position? You end up with one option that's short and worthless and another that is long and leaves you with the choices of going against the directional bet you took. Do you just take the loss, learn from it and move on?
+There's always threads about which stocks to buy, but an equally important question is which stocks to avoid.
+
+So which stocks do you think are overhyped, overvalued, or simply don't have a bright future?
+So basically I’m 17, and every month or so my parents make me show them my bank account app and all my transactions for that month. They are very controlling over my money (I’m only allowed to spend it with their permission despite it being in my name and what I’ve earned) and I really hate them intruding on my privacy. So because I’m not an adult yet are they allowed to see my account? They opened it for me and honesty I have no idea about anything like this.
+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...
+https://www.bloomberg.com/news/articles/2018-12-16/china-sees-bankruptcies-surge-with-call-to-resolve-zombies?srnd=premium
+
+> Missed bond payments in 2018 have almost quadrupled the tally last year
+>The number of people filing for unemployment benefits last week was greater than expected, raising concern about the state of the economy as lawmakers struggle to move forward on a new pandemic stimulus package.
+
+>The Labor Department said Thursday that initial jobless claims for the week ended Aug. 15 came in at 1.106 million. Economists polled by Dow Jones expected a total of 923,000. Initial claims for the previous week were also revised higher by 8,000 to 971,000.
+
+[CNBC article,](https://www.cnbc.com/2020/08/20/weekly-jobless-claims.html)
+[Labor Department press release](https://www.dol.gov/ui/data.pdf)
+JPMorgan will give 18,000 employees a raise over the next three years.
+The firm is raising its minimum pay for overtime-eligible US employees from $10.15 an hour to between $12.00 and $16.50 an hour, depending on market factors.
+http://www.businessinsider.com/jpmorgan-is-giving-us-employees-a-raise-2016-7?utm_source=feedly&utm_medium=webfeeds
+I’m not good at data analyzing or good with numbers, but every so often I get aha moments. 
+
+This is entirely speculative but I think Gensler is deliberately constructing a narrative to save face for the SEC and come out looking like the good guys. I know I hate hearing this, but I believe we’re close. Creating his Twitter is one thing, but going on national television and giving that interview seems like it’s all coming to a head.
+
+Anybody else feel this?
+
+Edit: appreciate everyone’s input, I’ve tried to read it all…and many thanks for the awards!
+Hello FP Sub: Seem to be doing well, but literally have no idea of anything finance-related. Have $700K sitting in my checking account currently, which I’ve been told is not normal. I assume the advice will be to max out the IRAs and 401K, but beyond that, what’s next?
+
+My Wife and I earn very well and we’re trying to get a clue as to how we should proceed. Our goal, of course, is to parlay this money into passive income streams through (? Investments?, funds?, what??)
+
+Thank you for the guidance!
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+
+👉Controllable sell bot to diminish sell pressure on command.
+
+✅ Every transaction is taxed 10% with the below distribution :-
+
+💸 4% - BNB pool
+🌊 2% - Liquidity pool
+➡️ 2% - Reflections back to holders
+⬆️ 1% - Buybacks
+🧩0.75% - Marketing
+👨🏼‍💻0.25% - Team
+
+💥dAPP Released before token launch💥
+
+Updates!!
+
+✅Exchanges signed and ready to go within days of launch
+✅ Liquidity locked
+✅ Certik audit applied for 
+✅ Live on Pancake Swap now
+✅ CMC applied for
+✅ CoinGecko applied for 
+✅ Anti Whale mechanism
+✅ Gamification launched 
+✅ Mothership tax generates additional income streams from each and every exchange
+
+CONTRACT ADDRESS: 0x5788105375ecf7f675c29e822fd85fcd84d4cd86
+
+Learn more :- 
+
+TG: https://t.me/hodlinvestorgroup
+
+Web: http://HODLtoken.net
+Current job:
+85k. WFH fulltime. Easy and low-stress. Management isn’t great but tolerable. Feels like I’m not growing anymore
+
+Job offer at another company:
+115k. Go to Melb CBD office 3 days a week. More challenging role but will learn a lot. Commute would be an hour per way
+
+The only thing I have an issue with in the new job is the commute. Am I being too unreasonable for getting deterred by it? That’s six hours of my life I’ll never get back every week.
+
+On the other hand, I’m also worried that I’m too comfortable in my current job and maybe staying here might harm my hiring potential in the future. And the 30k payrise is pretty damn good.
+
+I don’t really have anyone to talk to about this so I’m hoping to get different points of view here.
+Bit of a background.
+I’m about to turn 26, currently in a casual factory role with zero possibility of permanency/ promotion (we do no less then 36 hours every week, but no one is permanent)
+Been here just over a year 
+spent 7 years prior with woolworths and a few years of that managing different departments 
+
+Now looking at the fact I will be working another 40+ years I want to get into something where I can be striving for something 
+
+If you were to start from this point with no degrees, what would you study to give yourself employability and put yourself in a position to advance/ make a higher salary?
+
+TLDR: if you were 26 with no degrees what would you study/ get tickets/ licenses etc to become the most employable
+# TL;DR: Too much is going on right now in the financial world for it all NOT to be connected. And if Michael Bury and other financial experts are right, then the United States and other countries across the globe will soon be in a dire economic situation akin to the Great Depression. Where there is smoke, there is fire.
+
+This truly isn't "original DD" as it is an easy source to find all the information relevant to a pretty common conclusion many of this sub are making;
+
+# The United States Economy is about to fail.
+
+I will do my best on this post to list all the information in chronological order.
+
+**1.) The United States Government is responsible for reporting total liquidity in the markets, saving deposits, and large deposits in banks. These are known as M1, M2, and M3. However, they are no longer reporting 2 of the 3 sectors of liquidity in the markets.**
+
+[Just before the 2008 Financial Crisis, they have since stopped reporting M3 (large bank positions)](https://fred.stlouisfed.org/series/M3).
+
+​
+
+[M3 \(Discontinued as of March 13, 2006\)](https://preview.redd.it/gnpd0hqsoju61.png?width=2338&format=png&auto=webp&s=c7df90ae36fe1dd66e565f2782de818350cdf70e)
+
+[And as of February 2021, they have stopped reporting M1 (total liquidity in the economy).](https://fred.stlouisfed.org/series/M1)
+
+​
+
+[M1 \(Discontinued as of February 1, 2021\)](https://preview.redd.it/skmpn49voju61.png?width=2342&format=png&auto=webp&s=03e4b81b3b732ac0192f8ea8d17003c394befa14)
+
+# In other words, trillions of dollars in the market are currently unaccounted for; especially the 40% of total US Liquidity that has been pumped into the economy as of May 2020.
+
+**2.) Michael Burry, the man who saw the Housing Market Collapse happening three years before it did, warned on Twitter again of how the current US Economy is "balancing on a knife's edge".**
+
+​
+
+[Link of Tweet from Michael Burry \(now deleted\)](https://preview.redd.it/75bh96kypju61.png?width=1184&format=png&auto=webp&s=4eb598cc721f89c9942c8aacef9eb1868edb8273)
+
+​
+
+[Final Tweet before account was deleted](https://preview.redd.it/mixmyd83qju61.png?width=1924&format=png&auto=webp&s=61df98c905b8cd68e95dac3feb047b249a1c479a)
+
+# Now, Michael Burry's Twitter account has been deleted and has continued to remain silent after the SEC visited his home.
+
+​
+
+[From March 18, 2021](https://preview.redd.it/kgi2pciaqju61.png?width=2814&format=png&auto=webp&s=3ad5b6920e4100c01d4a0bc03b3561929b156460)
+
+**3.) In December of 2020, Warren Buffett has his company, Berkshire Hathaway, sell all their positions in large banks.**
+
+​
+
+[Enough said.](https://preview.redd.it/on9y9klyqju61.png?width=1780&format=png&auto=webp&s=5dacdd84fa383d4f7c6bf2cd377877af5bbf91b7)
+
+[SEC Link of such transactions can be found here.](https://www.sec.gov/Archives/edgar/data/1067983/000095012321002786/xslForm13F_X01/0000950123-21-002786-3286.xml)
+
+​
+
+[Here's a quick snippet of Berkshire Hathaway selling their bank positions \(link above\)](https://preview.redd.it/2g8f46j4rju61.png?width=2844&format=png&auto=webp&s=69005fcb2754a925dad35c7a2ab116330a789961)
+
+# Warren Buffett also stated in his annual letter to Berkshire Hathaway shareholders that the future of American Bonds is grim.
+
+[PDF to Letter Linked Here.](https://www.berkshirehathaway.com/letters/2020ltr.pdf)
+
+[Link to full letter can be found above.](https://preview.redd.it/6wsm82plrju61.png?width=1712&format=png&auto=webp&s=a3e9776727f13c74b90c2e2cba3841b6c01af3df)
+
+**4.) The DTCC, SEC, Federal Reserve, and Congress are changing the structure(s) of the financial world like there's no tomorrow.**
+
+# For one, there is now no longer a taxpayer bailout for big banks.
+
+​
+
+[Effective March 19, 2021](https://preview.redd.it/1uj8xk4vsju61.png?width=2768&format=png&auto=webp&s=b32e38511d9a09f9b682f0a466067ab877848ae9)
+
+# The SEC is currently holding closed-door meetings every month instead of one every other year.
+
+​
+
+https://preview.redd.it/vdxrvwp0tju61.png?width=1344&format=png&auto=webp&s=02f1ca0baf42b27914a59b2ba95b702625ce4a22
+
+​
+
+https://preview.redd.it/hu9n4sw1tju61.png?width=1060&format=png&auto=webp&s=d014916d8e2d095c7d0e23f797df1007b63fe7c2
+
+# At the same time, they have rushed to get a new SEC Head in during all of this occurring.
+
+​
+
+[This happened of a Saturday.... but why?](https://preview.redd.it/rbft3tuauju61.png?width=1968&format=png&auto=webp&s=0fe8f72a5be4d63533380ed318f39ccf2dc7d4aa)
+
+# And currently, the DTCC is creating dozens of new rules and regulations (in regards to short interest, options abuse, collateral, etc.)
+
+[Link to DTCC site here.](https://www.dtcc.com/legal/sec-rule-filings)
+
+# Another thing that is super sketchy is how Congress has now called ALL big bank CEOs to testify in May in regards to unspecified reasons.
+
+​
+
+[Just what in the world is going on?](https://preview.redd.it/w92n0llstju61.png?width=2614&format=png&auto=webp&s=e693a5d37220a8ccbf66264516ef43297a8ed3f2)
+
+**5.) While big banks are reporting record profits in 2021, they're also asking for billions in liquidity from investors and are working non-stop overtime even on weekends.**
+
+# Why would a bank who reports this;
+
+​
+
+[Seems good.... right?](https://preview.redd.it/9myrjqqluju61.png?width=2718&format=png&auto=webp&s=351280cd96c5ca9141f41a678c6f7f69079e76d2)
+
+# Suddenly report this the very next day?
+
+​
+
+[Why do they need the liquidity?](https://preview.redd.it/115ci57ouju61.png?width=2704&format=png&auto=webp&s=011994c5abe408702ab8e5b378e04c0e210b26fd)
+
+# Meanwhile, financial institutions across the globe are working hardcore overtime recently; 24/7 into the night even on weekends.
+
+​
+
+[Citadel Traffic \(Google\)](https://preview.redd.it/uu43y86cvju61.png?width=1594&format=png&auto=webp&s=4b6a0b4f0f429a1197dfe080d2e3c03655c67a52)
+
+​
+
+[Citadel, April 18 @ 4:20 AM](https://preview.redd.it/w449f8qjwju61.png?width=1110&format=png&auto=webp&s=952986c94eb410ac03f24c39da082e5b9d922bc1)
+
+​
+
+https://preview.redd.it/nkq7z6nowju61.png?width=912&format=png&auto=webp&s=79509330421396a02e1812336163d374a44023bf
+
+​
+
+https://preview.redd.it/xeafnocrwju61.png?width=1404&format=png&auto=webp&s=e86ff7c373667277ae1fd5b20a761a3410c1aa4a
+
+# These banks from across the globe, during a pandemic where most of their employees are required to work from home, are suddenly ALL working at their main buildings at bizarre times...
+
+# At the same time, banks seem to be preparing for riots in local areas for no apparent reason.
+
+​
+
+[There's nothing happening in these areas, though...](https://preview.redd.it/k92jwqcqxju61.png?width=1308&format=png&auto=webp&s=3cdd014599311e2ae2e3dc1f9c7224634247575c)
+
+# [This Twitter user also captured a video on April 19th of dozens of police officers parking around the Department of Treasury for no apparent reason; doing nothing at the moment but stay at their positions.](https://twitter.com/maybe60794885/status/1384488283900719105)
+
+Once again, I'm going to state this;
+
+# TL;DR: Too much is going on right now in the financial world for it all NOT to be connected. And if Michael Bury and other financial experts are right, then the United States and other countries across the globe will soon be in a dire economic situation akin to the Great Depression. Where there is smoke, there is fire.
+I'm selling my house, my permanent residence, and am planning to rent for a year before deciding to buy another one. Long story short, we don't know where we want to live and don't want to go through buying another house until we've decided exactly where we want to set up shop for the next 5-10 years or more.
+
+Once the house sells, I was thinking about finding a house to rent and just writing the landlord a check  to pre-pay the year's rent. I have my eye on one that's $2200/month ($26,400/year), and I was thinking about offering the owner a $20,000 check. I save a little, but he or she gets 20K up front. 
+
+Would you accept this offer? What would you think/say?
+**GME GO BRRR**
+
+What's up nerds! Seriously some whack shit coming up over the last few weeks, hey? The DD writers have even divided up their work to divide and conquer the hedgie meatballs.
+
+​
+
+https://preview.redd.it/petj74jnb4771.png?width=491&format=png&auto=webp&s=80fa8bd385f540add937c8d9dfdf99a48cee23f9
+
+Seriously, we took this advice and more and more are we pulling strings to unravel their little games.
+
+​
+
+**INTRO-FUCKING-DUCTION**
+
+SO. I kind of got a lot of studying done on options while my potato clock computer (banana powered?) tried to process the massive amounts of options data I kept feeding into excel sheets.  I caught them. Hehe. 
+
+A while ago, I showed you guys the Options Clearing Corp and their banker filled board representing MASSIVELY OVERLEVERAGED COMPANIES INVOLVED IN GME POSITIONS. Like Wolverine Trading, who has an unhedged position. Or BoA, who decided they would just lie and stop covering it because it's going to fuck them (lol), or Interactive Brokers who halted trading. Or Shitadel, who's short positions plus Suspecthanna and Melvin's equal exactly those July 16 numbers. Haha fucking idiots. Seriously, it just goes on and on. They are even trying their best to change the IV and hide it. And before one of you retards tells me it's because of "tHe BlACk SchOleS", black-scholes helps with European options only, it is useless for American options because American options can be exercised at any time. Basically, you have to calculate it in a different fashion, it requires taking all the strikes, the greeks, and a series of complex math equations, blah blah blah. Not technically why I am here now. Just background to hopefully give some context why and how these people are fucking with the maths.
+
+Enough of the wall of text. Here's the fucking data. Or data, however you pronounce it. Seriously, is it gamestonk, gamestop, or gamestock now? I don't even know anymore.
+
+​
+
+**DATA (OR DATA?)**
+
+Something fun happens when you start to compare all the Open Interest day over day and see how many open contracts keep changing. You can see how many positions are being bought/sold to close or open, because they are updated automatically each day by the OCC. So in ape, bigger number in OI means positions opened, smaller number means positions closed (net). Last week someone showed us the MASSIVE amount of volume trading back and forth. Unless these are dark pool option contracts, these are just the same shares being passed back and forth. I still don't know why they would do it.
+
+So I took all the data and compared it day over day. And it gave me the constant change in OI for the last two weeks. You should see the written/opened contracts vs. those being exercised or closed.
+
+I have also noticed a huge change in OTM contracts. This means one of two things. Either someone is buying to close their position ever so slowly to not raise suspicion, or someone is exercising DEEP OTM options to gain SOME shares and hopefully hedge their current fucked up position. 
+
+[Written\/Opened](https://preview.redd.it/pyvuidytta771.png?width=193&format=png&auto=webp&s=afbe9ecf0c1b1b45314a7929d802f0b57c7de2a9)
+
+[Written\/Opened](https://preview.redd.it/v9mua9jota771.png?width=480&format=png&auto=webp&s=f3d4300f441717b24e6e73b9f41c5476a90c556e)
+
+[Exercised\/Closed](https://preview.redd.it/1txrrypzta771.png?width=229&format=png&auto=webp&s=7795d01b78caa99f376d11777d6b965e3e5b691d)
+
+[Exercised\/Closed](https://preview.redd.it/l4mwd1e9ua771.png?width=480&format=png&auto=webp&s=e1bd3656fe628f800adf8ed3d8d66f2fb00af154)
+
+Which leads to my next point. Someone besides Citadel, Sus, and Melvin are closing positions slowly to throttle the rocket. THIS HAS TO BE THE BANKS. THERE ARE NO OTHER ENTITIES WITH HUGE, HIDDEN, PROPRIETARY TRADING POSTIONS.
+
+This is why there are late night meetings. Figure heads like Gensler, Powell, Yellen - with the president. They are all trying to make sure the G-SIBs are protected because the wealthy have already threatened them. Slowly exiting positions, all while sacrificing the three. Citadel, Susquehanna, and Melvin. Who else has been brought up? We are constantly seeing it. No one else is an issue? Ok sure. They are doing this by constantly closing OTM positions, and writing new strikes weekly to collect premiums. 
+
+​
+
+[OTM Exercised\/Closed](https://preview.redd.it/vo071qlvua771.png?width=210&format=png&auto=webp&s=dcf458a216d0c0859ed86ee0c3b3380432d2170d)
+
+[OTM Closed\/Exercised](https://preview.redd.it/wchhoch9va771.png?width=480&format=png&auto=webp&s=5ad87617f03aa60117ff1a68ce9ea9881665b42a)
+
+Want to see something else fucked up? The total amount of contracts OPENED in the last three weeks, represents almost the entire free float. Lol. Even the closed positions is no where near the equivalent of these shares. So, how do you write a bunch of new strikes to change your positions? NAKED OF COURSE! Because we own the float (obviously, bankie retard), and you guys are trying to hide your junk. And failing. We found you. 
+
+​
+
+[Total shares in \<3 weeks tied up in derivatives](https://preview.redd.it/bn44yiw0xa771.png?width=666&format=png&auto=webp&s=9bd91a48b9fa37062eef68df5b7e3b07abad4f5e)
+
+**IN SHORT**
+
+So here you have it. This for me, is **definitive proof** of naked shorting In less than 3 weeks, the float has been tied up in options. As the SEC states, there are times when naked shorting is necessary. But, with GME, this is not. No debt and $2B in cash, tech board, huge investor base that is going to hold. There is absolute NO FUCKING REASON why this should be continuing. Someone needs to figure this out, before people stop believing in the establishments and we ditch this system forever. Because when this is over, we're going to mop the floor with you guys, too. Millennials and Gen Z are sick of this garbage, and we are going to change you into irrelevant, mom and pop retail banks who need to suck dick to survive. And the DTCC admitting to one security with the majority of risk, has solidified this. Fuck you, pay me - or go bankrupt. We aren't selling for less than you sucking dick to pay your bills.
+
+​
+
+https://preview.redd.it/nlcpsh6bwa771.png?width=491&format=png&auto=webp&s=5a3c3fa91af80ad05ceeb0001e9c8a0eb1d43f38
+
+​
+
+https://preview.redd.it/lzysdweswa771.png?width=490&format=png&auto=webp&s=73fa90ad154f6a13e6aa656d895c5feb26169cb0
+
+Oh, and I have all the new strikes being written daily (today, they wrote 192.50 and 197.50 for July 2 - majority sold were Puts, so if they are trying to make some money back, expect sub 200$ prices to help them get a win - or someone is keeping these OTM). If anyone wants the data to verify, I will provide it to the mods only. They are either using futures as leverage (which is still naked), or blatantly just aren't trying to hide it anymore. Ill let you guys decide. 
+
+Cheers bros, wear your hellmitc - it might get worse before it gets better.
+
+References
+
+[https://oic.ivolatility.com/](https://oic.ivolatility.com/)
+
+[https://www.theocc.com/](https://www.theocc.com/)
+
+Edit 1. Sorry to all the gen x people who've lived with this for longer. I got you.
+I was wondering if anybody here has been running the wheel on a 7 figure account or a little bit less. Are you guys trading a different strategy or simply expand on the classic .30 delta 30-45 DTE.
+I primarily trade S&P500 futures, and hold for about 2-30 minutes. Never overnight. 
+
+I would say that on probably 9/10 days, my first trade of the day is usually either a big winner, or was a big winner until I held it down to breakeven or a loss. 
+
+And then almost every single day, I manage to trade my daily PnL down to 0 again from that winner. 
+
+I think it's because no matter how the first trade ends, it turns my emotion on. If I took profits, I get scared of losing those profits and trade fearfully for the rest of the day, which causes me to lose money. 
+
+If I lost money on the first trade, or missed out on a ton of unrealized gains, I get mad at myself and that also makes me trade with emotion. 
+
+But my analysis and execution on trade 1 is on point nearly every time. Probably because I go into that trade with a fresh mind and no emotions from previous trades that day. 
+
+But whenever I'm up a lot on that first trade, and I know that statistically my best move is to take profits and close my laptop, greed gets the best of me and I either take profits and then keep trading and lose the profits, or hold the position to a loss. 
+
+Does anyone have any advice on building the discipline to walk away and shut down greed? Its very frustrating to see every day where I could be as a trader, but to consistently ruin it with my emotions. I probably would have tripled my account in the last few months if you only counted trade 1 of each day, but I'm no where near that point because of what happens after trade 1.
+https://www.nytimes.com/2022/08/26/business/stock-market-bear-nothing.html
+
+Back to basics
+
+When the market drops, as it did early this year, it paid not to panic. If you had sold during the decline you would have missed the substantial gains of June, July and August. It was much easier to have remained calm while losing money in the stock market.
+
+If you set things up right, your investing will require that you do nothing further except, perhaps, rebalance your holdings every so often to make sure you have the proportion of stocks and bonds that you really want.
+Because SEC rule 15c3-3(b)(3) is finally going into effect under threat of enforcement. The hedges were given notice 6 months ago in October that they'd start enforcing this rule which:
+
+>"requires broker-dealers entering into agreements with their customers  who lend the broker-dealers fully-paid or excess margin securities to  provide the securities lenders with collateral that fully secures the loans."
+
+​
+
+Look at the shares available to borrow:
+
+​
+
+https://preview.redd.it/p3xl9v0rnjv61.png?width=1661&format=png&auto=webp&s=3f2bf8705fab5fabab5242ba5923fb6f1f93deac
+
+Hedges all of a sudden don't want anything to do with them?? This climb is representative of the actual buying pressure on a light day when apes do nothing but hold and hedges aren't able to freely manipulate the stock. But the volume is TINY. We haven't even broken 3 mil at the time of this post. The moment volume starts ramping up, this thing is going to LAUNCH into the stratosphere 🚀🚀🚀🚀🚀
+Hey all,
+
+36, wife and two kids, 13M NW CAD
+
+Building off [this](https://www.reddit.com/r/fatFIRE/comments/lc56vd/at_what_point_does_it_make_sense_to_harbor_money/) thread, I want to have a geopolitical insurance policy for my family and a portion of my assets. Singapore is right for us given our Asian descent. I'm looking to attain something that is pretty iron clad in the worst case scenario, which is basically can I get on the plane and get into the country if war breaks out. Likely need a path to passport/citizenship vs. a visa or what not that could easily get turned away when chaos ensues.
+
+Online I see there's a 2.5M SGD investment path, but am not sure if that's actually what will get me what I describe above
+
+Does anyone have an experience with this? Any insight from yourself, or a referral to an agency you worked with would be very appreciated
+
+Thanks all
+My boyfriend and I are now thinking seriously about marriage and I want to make sure we have ample discussions before we take the big step. Both of us work at FAANGs and in our mid/late twenties so while we still have a while to go (1M combined net worth), we will eventually hit fatfire status in another decade or two. What discussions would you suggest we have/what did you wish you had talked about before getting married?
+
+We've covered some of the big ticket items - kids/family, finances (we'll do a more in-depth discussion later in the year), careers/locations. I am looking into a pre-nup but given all comments here, I'm not sure if it's entirely useful for two people that make the same amount of money. I do agree it's good to talk about all the things a pre-nup would cover. I'm also going to be looking at general pre-marriage counseling questionnaires on the internet. Thanks!
+Well you’re all witnessing it again….
+So? How does It feel? 
+It’s that type of event that you don’t know you’re in the middle of something earth shattering unless you are very intuned, like we are in Superstonk. 
+We are literally witnessing the collapse of the world stock markets.
+
+Edit: to those saying “this isn’t the market crash….”
+Open SPY and go look at 2008. The fall started in Dec 2007. By this time in 2008 it was down the same way SPY is down now. Remember. NOTHING was mentioned until ending of Sept by MSM. So this is the crash, but we’re in the “dumb kid dropped his phone and is trying to find it between his feet while driving down the highway” stage….it may not be the impact but the stage is set.
+Most trustworthy traders say 15% annual returns are realistic. If that’s the case then it’s 100% impossible to grow a small account or even it to be worth it with a 100k account? All the hours you spend to make 15k? I’m just wondering how that works. The returns would be at the very very very bottom of the list of lucrative endeavors. I stop and ask because I’ve got loads of hours in it already and 15% ROI is laughable and actually a terrible waste of time.
+What stocks or sectors are currently (or potentially) good value plays? No need for huge explanation as to why, just a short explanation is good. 
+
+Just trying to find some stocks to DD.
+
+Edit: Thanks for all the replies! You guys gave me a lot of potential tickers. I will look into a couple of the companies mentioned (not all as there were soo many suggestions).
+What stocks or sectors are currently (or potentially) good value plays? No need for huge explanation as to why, just a short explanation is good. 
+
+Just trying to find some stocks to DD.
+
+Edit: Thanks for all the replies! You guys gave me a lot of potential tickers. I will look into a couple of the companies mentioned (not all as there were soo many suggestions).
+First of all, don't be like me. You should always have an exit strategy.
+
+But I don't. I also actually never sold for any profit. 
+
+I came to the point where I would check prices of the coins I hold once in a week. And I would be like "*aaahh, it is going down, I am already at loss...well guess I will have to wait*". 
+
+And then I just wait and HODL. 
+
+It happened so many times to me that I lost that feeling of adrenaline when the price goes up or down. 
+
+I missed some good profits that way, but I don't have a crystal ball where I would see the future. Still, I see my mistakes and will try to learn on them.
+Curious whether people choose to stay in California assuming you were already here for work. Of course everyone complains about the taxes and high CoL but once you’re in a position to control how much passive income to realize (dividends, stock sales, etc) it doesn’t have to be *that* bad especially if you own a place already. 
+
+Also I’m assuming Biden will retroactively reverse the SALT deduction limits which further reduces state specific tax burdens.
+I wanted to write up some thoughts I've had on this journey we have shared together this beautiful Sunday.  This unique, never-seen-before phenomenon started up in earnest in January 2021, a pretty dark year for most of us.  On the heels of COVID, and I think a pretty shitty time for most of us (politics aside naturally), this beautiful event was born.  Hundreds of thousands of global citizens banded together and navigated the convoluted and corrupt annals of what is the current iteration of global economy and policy, with a focus on the markets controlled by Wall Street.
+
+In January 2021 a short squeeze (sneeze) was initiated by retail investors globally, striking out against the corrupt Wall Street hedge funds that have been methodically bloodletting us of our wealth for decades.  The squeeze (sneeze) was cut short as the prime brokers and banks conspired to make GameStop PCO (position close only), taking away our buy button and routing us in the short term.  I don't know about you but I have never been told I cannot buy a stock before, I thought it was a free market?!  This crucial moment was the difference between a short squeeze, and the Mother of All Short Squeezes we will soon see.  Those arrogant bastards couldn't let us win just that one time, Now we are going to engrain failure unto their very genetic code for their descendants to be ashamed of.
+
+Though temporarily routed in January 2021, our journey has just begun.  We started asking questions.  We delved into the plumbing and structures of the economy, fiscal policy, and the complex infrastructure propping up the fraudulent American financial sector.  This is where the siege of Citadel started after a failed raid.  
+
+​
+
+https://preview.redd.it/7ta4xqrmhnz81.jpg?width=1920&format=pjpg&auto=webp&s=71ef90a3859aecbaba14c0efdb30e0380874a53a
+
+We know about rehypothecation, failure-to-deliver, short swaps, derivatives, swap baskets, CDOs, misreporting shorts as longs, and insider trading.  We are starving out Wall Street and their ability to siphon our wealth from us through payment-for -order-flows and borrowing our own shares against us to short.  The current iteration of our economy is over.  The corruption will end.  Transparency will be restored.  The hard work we do individually through our individual professions as the Average Joe will no longer be in vain, we worked hard for that wealth and the financial sector will no longer fuck with our pensions, retirement savings, and our "free" markets.  
+
+The only certainty in life is MOASS, death, and taxes.  We will all die one day, this is our story.  right here.  Right now.  This is going to be history once we are all long dead.  This is our one chance to make THE difference, Do not settle for Lambo buying money.  Do not settle for house buying money.  Do not  settle for individual wealth.  Hold for generational wealth.  Hold for everything.  Hold for Valhalla.  It has been an honor being a part of this movement with all of you and I hope you enjoy your Sunday.  And fuck you.  I'll see you tomorrow.
+
+​
+
+https://preview.redd.it/xpzro0hgenz81.jpg?width=3072&format=pjpg&auto=webp&s=3d15cc5226d65dd71e56732e46e4d11b252ad8c0
+SHIB is grossly over valued, just like dogecoin was overvalued back in March, and everyone who called it out back then was spot on. 
+
+Of course, the SHIB shills are peddling the narrative that it will go to $1. 
+
+Currently, one SHIB = $0.00002715
+
+To go to $1, it has to go up by 3,683,141%. Yes, it has to go up by 3 million %... 
+
+To go to even 10c, it has to go up by 362,884%
+
+Apparently, there are 394,796,000,000,000 SHIBs in circulation. 
+
+
+Even at 10c, the market cap of SHIB alone will be over $39 Trillion. 
+
+To be specific, a market cap of Thirty-Nine Trillion, Four Hundred Seventy-Nine Billion Six Hundred Million dollars
+
+Today, the entire crypto market cap is around $2.3 Trillion. So even at 10c, SHIB will be worth 20x today's crypto market cap. 
+
+Firstly, this is not happening anytime soon. 
+
+Secondly, this is not happening anytime in the future either.
+
+There is a higher probability of SHIB going to zero over it going to $1 or even 10c. 
+
+Hundreds of shitcoins bust onto the scene during a crypto boom cycle, only to disappear during the bust. 
+
+SHIB is a token that has no real value, apart from exploiting amateur investors and unit bias and traders riding it for quick gains. Almost everyone is in SHIB purely for profit. Many want over night riches and plan to hold till $1, which they believe will come soon.. many others are riding it got quick gains, and there is nothing wrong in that. Many shitcoins can give quick gains. But for them to claim there is something innovative or anything resembling new technology in SHIB is just delusional. 
+
+The whole project is quite an exquisite combination of several pyramid scheme elements, and is quite well done. The devs have really delivered on their promise of making themselves rich.
+$288.52 was the high of SPY from March 10th.  The high of yesterday was $284.90.  Last week the Feds put $55 Billion into the purchase of bonds.  SPY ran 14.5% in 6 days.  From a technical point, the top of the daily Bollinger band is right at these levels.  Given all these factors, a pullback was expected.  Short term important level is $271.41.  So the good news is that my expectation of pullback on most names came through.  As someone who also said oil was going to test the low of $19.29, I knew my oil play would be hurting.  Unfortunately it looks like my holding and most energy names faced a delayed reaction to yesterdays pullback in addition to todays considering oil finished relatively strong (even though it was red).  I did make money off my Air Canada put which I sold and then bought and sold (more in analysis).  Also made a call play in Neptune Wellness on news that they are partnering with Google.  Here is my analysis on the day.
+
+**Energy and Oil Companies** - MEG Energy Corp, Crescent Point Energy, Cenovus Energy, CDN Natural Resources, Suncor Energy, Enbridge, Teck Resources Limited, Husky Energy
+
+Sheeeet.  Well I said yesterday there is a bottom fishing play off $19.29 and that you could buy $20, $19.50 and $19.25 and expect the bulls to defend.  Pretty much played out with bulls defending pre market and early morning (4am, 5am, 11am, noon).  The bad news is that still constitutes a 15% fall on oil over past two days and energy names played laggard today.  The majority of the names listed above were moving sideways since the beginning of April, range bound.  The range was about 20% to 30%, but all were holding the move since their April bump.  See 4 hour examples [here]( https://www.tradingview.com/x/3VQMVT1f/), [here]( https://www.tradingview.com/x/6a3EzwoO/).  As you can see on those charts, and the other energy names are similar, with oil’s big fall yesterday and gap down of 5% today, we broke below our support line and it was straight flush all day.  Most names down 5% to 9%.  No news on relief package from Ottawa yet either.  Since we just broke a support of two weeks, even if oil sees a bounce, I don’t expect these names to bounce back above that old support/new resistance immediately.  That said, I bought another $5000 worth of MEG at $2.248 today as $2.15 is old support and the hourly was oversold.  I keep reminding myself three things with MEG:  1) Husky Energy attempted to hostile takeover MEG for $6.4 billion over the past few months, according to tradingview the market cap today for MEG Is now under $1B; 2) MEG has hedged over half of its production for 2020; 3) someone mentioned in one of my posts that they have a lower SADG and SO ratio which is what you want to see in oil sand companies.  Also, c’mon bailout.  (NOTE:  I do not suggest you buy a stock for a bailout that is a terrible investment strategy – I mostly say it as a joke).
+
+**Gold Miners** -  Kirkland Lake Gold, Kinross Gold, Barrick Gold, Eldorado Gold, IAMGOLD, B2Gold, Yamana Gold, OceanGold.
+
+Yesterday I noted most names tested a monthly resistance, rejected, and began consolidation.  Most names on my screen are up/down about 1%.  This is very healthy consolidation on the daily and sets up for a nice bull flag.  Most are holding VWAP short term but I am more focused on the 12 EMA.  For most names that is 2% - 3% away.  If they fall this much and bounce, I would consider that bullish and an indication that we are going to test the short term highs.  That said, I am going to see if they fail to break the daily resistance on next push.  If they fail, I’m getting puts.  
+
+**Marijuana Stocks** - Canopy, Aphria, Aurora, HEXO, Organigram. Cronos, and some US MSO’s.  
+
+While most MJ stock are losing growth on sales over each quarter, Aphria posted a 5th consecutive growth quarter.  Too bad for them it comes on consolidation for the market day.  Pre-market was up 20%, they finished up 4%.  Canopy getting the pullback I expected from last week.  Canopy and really the rest of the MJ stocks are tied to global markets right now.
+
+**Banks** - RBC, Scotiabank, CIBC, Manulife, TD
+
+Most banks were down 2%-3%.  They are now all coming up to the bottom of their equilibrium.  Given how tight they have been and given this pullback over last week, my guess would be a slight red day tomorrow and then bounce.  
+
+**One Off Companies** - Bombardier, Air Canada, Blackberry, Neptune
+
+**Bombardier**  -  I mentioned yesterday that I would expect $0.45 to hold as it is psychological support.  It broke $0.45 for all of 5 seconds before getting bought up and ending at $0.455. I’d treat that as strong support but it’s one of those things that it will probably act as support for you multiple times, until it doesn’t and then you are most likey falling fast to $0.425.
+
+**Air Canada** - So the only thing that made this day salvageable is that I sold my AC puts for $2.65 (average of $1.69).  I had 25 contracts so good for about $2300 after commission. I then rebought 30 puts at $2.15 because both SPY and AC were at top of 5 minute Bollinger and sold for $2.30 for $350 after commission. From a technical standpoint, kind of in no mans land here.  Kind of expect more global weakness and more of a pullback but it’s getting tough to predict open and short term momentum so lock in profit when you can.
+
+**Blackberry** - juts went with the market, down 5% - tightening its $5.15 - $5.60 equilibrium.
+
+**Neptune** - call this an impulse call buy.  A guy I was chatting with posted a link about a partnership with Google.  I also saw the spike of volume and run on that news.  From a chart standpoint I hate buying up here but will look to flip immediately if we get a gap up tomorrow.
+
+If you have any names you want me to look at from purely a chart perspective, let me know the ticker name and what it trades on (just so I can know I am looking at the right one on tradingview)
+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!
+
+**A Valuation of Royal Dutch Shell PLC (LON: RDSB) on 4 November 2020**
+
+Subscribe and these valuations will be sent straight to your email inbox: [https://valuabl.substack.com/p/valuation-royal-dutch-shell-plc](https://valuabl.substack.com/p/valuation-royal-dutch-shell-plc)
+
+**The Company**
+
+Royal Dutch Shell PLC, usually called Shell, is a multinational oil and gas company. It is one of the oil and gas supermajors and the third-largest company in the world measured by 2018 revenues (and the largest based in Europe).
+
+Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, transport, distribution and marketing, petrochemicals, power generation, and trading. It also has renewable energy activities, including biofuels, wind, energy-kite systems, and hydrogen and is aiming to be carbon-neutral by 2050.
+
+Shell reports in USD and I have valued the shares in USD.
+
+**The Story**
+
+In recent decades gas exploration and production has become an increasingly important part of Shell's business. Shell acquired BG Group in 2016, making it the world's largest producer of LNG, with integrated gas becoming an increasing focus of the business (\~12% of revenues).
+
+Most of the oil & gas demand lost in 2020 is expected to be recovered by 2022, supplemented by growth from emerging markets as they recover economically and benefit from attractive prices. Mature markets, which were the hardest hit in 2020, are also expected to recover most of their consumption losses by 2022 as demand from the industrial and power generation sectors gradually returns. Some marginal gains are also expected from coal-to-gas switching, which is helped by low gas prices and ample supply.
+
+The EIA predicts that, by 2025, the average price of a BOE will rise to $65-79. By 2030, total global demand is expected to drive prices to $79-98/BOE. By 2040, prices are projected to be $146/b. By then, the cheap oil sources will have been exhausted, making it more expensive to extract oil and by 2050, oil prices are expected to be $214/b. Further, the EIA assumes that demand for petroleum flattens out as utilities increasingly rely on natural gas and renewable energy. It also assumes the global economy grows around 2% annually on average, while energy consumption increases by 0.4% a year.
+
+In order to model the effects of different oil prices on the value of the business I have forecast using a log-normal distribution of BOE price scenarios and timelines and have assumed that the industry will eventually fall into a slow-burning structural decline. Interestingly, the breadth and diversity of Shell’s assets and vertical-integration of their business lines make Shell uniquely resilient to dramatic price scenarios. A linear regression of operating margins against average historic oil prices reveals a *relatively* modest 0.7 correlation and 0.09% slope coefficient.
+
+Finally, Ben van Beurden (CEO) and Jessica Uhl (CFO) have signalled their desire to reduce the businesses debt and increase distributions over the coming few years. This plan actually makes sense despite their capital-structure already being optimal. By reducing leverage, the firm will ever so slightly increase their cost-of-capital, but will significantly reduce their distress likelihood in most of the low-price scenarios I have modelled.
+
+[Figure 1: Royal Dutch Shell PLC - Summary Sheet](https://preview.redd.it/t1ips6cre7x51.jpg?width=3300&format=pjpg&auto=webp&s=0256ddfdf4095993102cb0ba2cbafa05e4bde04c)
+
+**Valuation, Sensitivity & Rating**
+
+* **Market Price:** $12.97
+* **Est. Value:** $17.87
+* **Rating:** ‘Buy’
+
+Monte-Carlo simulation suggests that the shares have a 25th percentile value of $16.02 and a 75th percentile value of $19.56.
+
+I give each stock a rating based on where the current price is, as a percentile, on the valuation distribution. The current market price for RDSB is below the 10th percentiles of values so has a rating of ‘Buy’.
+
+​
+
+[Figure 2: TTM Stock Price & Est. Value](https://preview.redd.it/28xbzsxxe7x51.png?width=600&format=png&auto=webp&s=5589351819048cf2246632f24d94300eea66cb6b)
+
+As usual, if you have any questions, feel free to post them in the comments below or [post your requests here](https://valuabl.substack.com/p/requests/comments).
+
+Also, subscribe and these valuations will be sent straight to your email inbox:  
+[https://valuabl.substack.com/](https://valuabl.substack.com/)
+
+Peace and love, until next time.
+
+***Disclaimer:*** This does not constitute financial advice. It is independent research.
+GME holder here with 60 shares at like the $280 level.  This question pops into my mind whenever I hear how the squeeze is over from the media or other traders. If the squeeze is actually over why are the clearing houses still restricting buying of the stock through their cash requirements?  Hasn't the risk subsided if the squeeze is done and the price will only fall?  What risk do they have if the short interest is actually down?  What are they afraid of?
+I opened an account on IB but I don't know if it's suited for me since I am a low budget investor. 
+I recently learned about CapTrader and they seem nice , but have a minimum deposit of 2k. I don't know if that's only for opening the account or if every deposit has to be at least 2keuro.
+Sadly, i run short on options since I live in Romania. 
+Degiro ia not available here.
+I am looking to invest in ETFs for LONG TERM
+Your markets are run by bots. Now your /r/Asx_bets daily threads are too.
+
+Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370)
+
+[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) 
+
+Automoderator may provide "Guidance" for Lazy and zero effort posting.
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE)
+Your markets are run by bots. Now your daily threads are too.
+
+​
+
+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)
+
+​
+
+Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share).
+
+​
+
+[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE).
+If the goal of minimum wages is to improve efficiency in labor markets where there is a power imbalance, why would it ever make sense to have it on the federal level when labor markets can vary so much around the country? Wouldn’t it be the most efficient to have it on the local level or at least on the state level rather than the federal level?
+Hello beloved economists!
+I have a  few questions about the future of labour and mankind in the future of automatization.
+
+I've been investigating a little and I have found:
+
+- Labour productivity is growing about 2% yearly if I'm correct. In the era of modern machines this looks like is too low.
+So in theory as productivity goes up so do wages, the more productive more growth in your wage. 
+
+Can this be a partial explanation to wage stagnation?
+
+- Less and less jobs are created each year, while more and more machines take on workers jobs, from low to high skill ones (Automated restaurants or supermarkets / New middle manager softwares)
+
+How can we secure jobs for the workers if there aren't new industries to absorb the workforce displaced?
+
+- As automation expands, medium and low income workers have less money each day to spend.
+
+So if they are to recicle for this new era, how will they pay for education and other necessities? 
+
+- While low and medium income are poorer each day, the rich and super rich are accumulating wealth at a great peace, being the ones benefited from automation, as costs are reduced and machines can produce more than a human worker.
+
+Would a heavy tax on business or make the capitalist pay each month for the machines (I don't know the word in english, but in spanish is "cotizaciones") to cover for an UBI so population of middle-low class don't get poorer due to the job loss?
+
+
+
+From what I've read and seen, the future of the capitalist system of consumption is compromised, as less people will be able to consume, apart from necessities, creating a downward spiral in the system we have.
+
+Which is more possible, in economic terms, a transition to a system where:
+
+A) Everyone gets a job to have enough to live, even when there is no real demand for workers
+
+B) Everyone has an income of the state, as almost full automation is realised, in a fashion similar to a futuristic Utopia.
+
+
+I'm sorry for my english and sorry if I misunderstood any aspect of automation or I explained muself badly!
+Proof Of Work mining has been proven to show some impact in the price of Bitcoin. The costs to pay for energy and resources to mine Bitcoin through proof of work has shown to act as a solid floor to the price as miners do not want to sell for less than what the expenses incurred to mine are. As hashrate increases, so does the difficulty and resources needed to mine become, creating a higher floor price. That is not all, each halving of mining rewards ensures that miners have to work much harder to earn the same number of coins as earlier, also impacting its overall price. As seen in Bitcoins most recent halving in may 2020, the price has then shot up to all time highs over $40,000.
+
+POW has shown to be a very good "Signal of investment" or "Proof of Investment" by miners contributing resources and in return these "investments of resources " reflect in its overall price.
+
+​
+
+But what if you combined POW with Deflationary tokenomics?
+
+For example, If for every Bitcoin transaction that occured, 1% of the transaction amount was burned for ever. 
+
+Supply Scarcity combined with the Proof of work model could create some interesting supply and demand economics. I'm intrigued to see how these tokenomics would play out in the future.
+
+​
+
+Do you guys think that this Proof of Work + Deflationary token model could be a good store of value and hedge against centrally controlled inflationary currencies?
+Hi, I recently found out somebody applied for a loan in my name and also got access to my account to transfer said money out of my bank account. The loan was £19k and my overdraft was £5k and that's empty too, so now I have less than no money and a loan in my name which isn't mine, they also applied for a second loan in my name which was rejected. The account is a British account with a sort code and account and I passed these details on to Action Fraud. Somehow Natwest didn't think this was unusual account activity.
+
+
+I have rang up Natwest today and reported the loan fraud and cancelled my debit and credit card and also filed a report on Action Fraud. 
+The transactions happened over the course of last week, and there are sort codes and account numbers associated with each transaction.
+I can't buy CIFSA(?) protection for now because I literally have no money but that's my next step.
+
+
+The main things I want to know are:
+
+* Am I liable for any of the loan payment?
+
+* Will get any of my money back at all?
+
+* Is there anything else I can do in the meantime while I wait for my new cards to arrive?
+
+* Has anybody on here been victim of anything similar so I have an idea of time frames or the general experience
+
+
+Thanks.
+Yeah, here we are again. Resole said this morning that a million (or more) is a statistical anomaly, and he's right. Does it mean that it won't happen? No, it does not. It means that the odds are super low. That's just how numbers work. Technically, if it's a number, it's possible. Probability is the difference.
+
+Debating whether it will or it won't really isn't the issue here, and in time we will know. I'm certain that rensole (see? It's possible to type his name without tagging him needlessly!) would love it to.
+
+The issue is that it will be used by HF shills to try to divide us again. It's worked before. We let it. Will it work again depends on if we let it again. 
+
+Keep focused. We all can have different beliefs if we all have the same goal, which should be to extract maximum value from our investment. 
+
+Relax and HODL.
+My wife and I are having a significant increase to our incomes after the start of the year. Our combined household income will be just over 1mil per year and we have no idea how to handle this rapid increase in income. Prior to this our household income was sub 200k per year. Our lifestyle and spending habits reflect the income we are used to but this is such a major leap that we don’t want to piss it away and yet we don’t want to stuff it under the mattress either. For reference we are mid 30s with no kids and will not be having any kids. We both love our careers (not tech/business) and don’t have any desire to hard charge for five years and retire but we would like to structure our finances so that we could if we wanted to. Any advice from those of you who have been there and done that is much appreciated!
+Hey ya'll! 
+
+I've been heavily considering refinancing my 2013 Mazda 3 that I got 2.5 years ago. Right now, I'm currently paying $244 a month with 18.23% APR (I was 21 with newish credit) and it's definitely manageable but I feel like I can lower my monthly payments and a lower rate. 
+
+My main question is if it's even worth it to go through the hassle of refinancing a car that old with only $5600 left on the loan?  
+
+Would it be easier to shop for rates online with websites like lightstream and such? Or go to a bank in person and shop around like that? My credit is 702 and I've never missed any payment. Would I even get lower rates? I'm still new to this but I'm trying to research everything but would like some outside perspective on my situation. Thank you!
+
+Update: thank you all so much for the replies! Truly didn’t expect to get this much input but it’s greatly appreciated! I’m definitely going to look into getting a refinance through a credit union and just generally shop around, since I could be saving a lot of money on interest.
+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!
+
+It seems like the fed is doing everything in its power to lower inflation by slowing down the economy? Wouldn’t unpausing student loans help this process a lot faster? 
+P.s sorry if this has been posted before, I looked but did not see any.
+I've read a post from the top of /r/goodeconomics that said we were very lucky to have Ben Bernanke when we did, because part of his academic study was how the Fed failed to do its job in responding to the Great Depression and the events leading up to it. What was it exactly about his particular strategies that helped ease the pain so much? And, what I'm most curious about, how bad could things have gotten without the Fed's response and the TARP plan?
+Notes from FM's press meet
+
+**Intro**
+
+* Focus on improving competitiveness of India
+* Decongest sectors so that they become competitive
+* Following on with the structural reforms from earlier
+* (Also made a comment that the budget was passed recently, FY started a few weeks ago; some of the measures are being re-emphasized)
+* Today's announcements too would also include previous measures, including improvements of them
+
+**Investment fast tracking**
+
+1. Portal with GIS mapping of all industrial parks, SEZs;  ranking of different in
+2. Coal, Defence Production, Airports, MRO, Airlines, Utilities in union territories, space, atomic energy, etc are the focus sectors
+3. **Commercial mining in coal sector**  \- liberalized entry, incentives for performance  (currently private coal mines are captive, not commercial)   India has the 3rd largest deposits of coal and we still import coal.  Restrictions are not required in places of abundance. About 50 blocks could be auctioned immediately. Concessions in terms for current customers of Coal India
+4. Incentives for conversion from coal to gas - Coal bed methane would be auctioned;   50K cr would be spent by GOI for 'evacuation infrastructure'
+5. Seamless composite exploration-cum-mining-production  regime - 500 blocks  (previously exploration, mining, production were different). No distinction between captive and non-captive mines; mineral index for different minerals
+   1. Joint auction of coal and bauxite for aluminum sector
+6. Defence Production - No import in specific weapons and platforms. List would grow every year as the product standards improve in India. No dilution of GSQR.   Indigenisation of imported spares would be given priority. Additional budget provision for domestic procurement.   Done in consultation with Department of Military Affairs
+7. Ordnance Factories Corporation -  OFB won't be privatized, but would be made companies. Want them to be better managed and eventually listed in the markets
+8. Increase in FDI limits to 74%;   Time bound defence procurement; GSQR would be made realistic as required; Overhaul of trial and test process
+9. Airspace management - optimization of civilian airspace - reduce flying time. Could save 1000cr for airlines  (Currently 60% if air space in India is available for civil aviation)
+10. 6 more airports to be auctioned - PPP model -   13,000 cr investment expected by private players
+11. MRO Hub in India - most Indian aircrafts go abroad for this. Tax regime has been optimized (in Mar to reduce GST to 5% with full ITC)  Convergence between defence and civil MRO.  Expected to reduce maintenance costs
+12. Power distribution in UT would be privatized;  tariff policy reforms; encourage reduction in cross subsidy; penalty for load shedding; DBT for smart meters     (Comment: GOI may be trying to set an example for states to follow)
+13. Social infra for hospitals - 8,100 cr - Viability gap funding upto 30% of project cost
+14. Space - level playing field for private sector in launch, satellite and space services; liberaized geo-spatial data policy; allow private sector to use ISRO facilities
+15. Atomic energy - Research reactor in PPP mode  for production of medical isotopes; PPP mode facilities to use irradiation tech for food preservation; more linking of start-ups to nuclear sector
+
+Questions
+
+* Mining changes would be done at the earliest
+* Specific assertion that some of the measures announced include demand side measures too
+* At least one more tranche has been hinted -  11 am on Sun
+
+Previous threads
+
+[https://www.reddit.com/r/IndiaInvestments/comments/gk6ne3](https://www.reddit.com/r/IndiaInvestments/comments/gk6ne3/stimulus_package_tranche_3_may_15/)[/stimulus\_package\_tranche\_3\_may\_15/](https://www.reddit.com/r/IndiaInvestments/comments/gk6ne3/stimulus_package_tranche_3_may_15/)
+
+[https://www.reddit.com/r/IndiaInvestments/comments/gjks4z/stimulusrevival\_package\_tranche\_2\_may\_14/](https://www.reddit.com/r/IndiaInvestments/comments/gjks4z/stimulusrevival_package_tranche_2_may_14/)
+
+[https://www.reddit.com/r/IndiaInvestments/comments/gicuvd/20\_lac\_crore\_economic\_package\_key\_notes\_from\_pms/](https://www.reddit.com/r/IndiaInvestments/comments/gicuvd/20_lac_crore_economic_package_key_notes_from_pms/)
+
+​
+I already have a Chase banking and savings account so I am leaning that way, but I always hear high praises about Fidelity as well. Any advice that might make the decision a little more clear is appreciated!
+Some may find this amusing but I am seeing myself going frequently, to such calculators online. If I get about 5000 jepi and a 5000 O and 5000 schd I should be good, I think. And then I let my mind wander into what it would be like if I got there. God willing, I hope to get there soon. Currently I am only around 100 in each of jepi and o. Took me nearly 3 years to get there. Hoping to continue get inspired by all of you. God bless. I wish I had discovered reddit and this group earlier. Wishing everyone loads of luck and pots of dividends!
+Welcome to the Daily General Discussion thread of /r/EthTrader.
+
+***
+
+Thread guidelines:
+
+-  Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread.
+-  All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them.
+
+***
+
+ Resources and other information:
+
+* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education).
+
+* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto).  Account permissions are required to post comments through Reddit-Stream.com.
+
+***
+
+Enjoy!
+
+My thought is this. 
+
+We are currently in the middle of one of the biggest and most rapid market corrections we’ve seen in years. All stocks are dropping fast. With that simple fact in mind if GME was not a threat then GME would naturally sink with the rest of the market. NO SHORT ATTACK NEEDED. 
+
+Here is the crux of it all. The fact that these SHF are borrowing shares to short attack GME (when the market correction should be doing it organically)makes no sense. If the entire market is crashing (GME included)let it crash why would you bother wasting money creating synthetic shares for any company in these market conditions. 
+
+But this does not seem to be the case…..during this free fall SHF are borrowing hundreds of thousands of shares to short GME most likely due to the fact that GME isn’t susceptible to what’s happening to every other stock right now. 
+
+In conclusion GME is such an outlier that it needs to be shorted to be kept down even during the worst market downturn in years. 
+
+BULLISH.
+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. 
+
+
+Yep, I get it. Boomers aren't cool.  We are old, seemingly grumpy, not risk takers, and old school. But please, give me a minute to make you think. We were once college students or just young folks struggling to make it just like you.   
+
+Here are some thoughts:   
+
+1. Keep your day job. (Or get a day job!) Mine fiat by hard work every day to invest in cryptocurrency if that's your goal. Work hard and efficiently.   
+
+You'll be happier working - I don't care how many people want to stay home and do nothing. You'll get bored. Or depressed. Or start drinking. I promise, it's not all roses having no purpose in life. 
+As u/antonito901 wrote in a good article on this sub, Crypto = Great. Crypto + a Job = Wonderful!   
+
+2. Even if you get your moon, stay in school or build your dream.  Start a business, do what you love - not what you're told to love;  go to trade school or college, even the school of hard knocks. Just get educated, wherever, however, you can. Money is not the goal...a better life is.   
+
+3. Your 20's, 30's and 40s may take you far from family and loved ones, but work hard to keep connected with them as they will become even more important to you with each passing decade. (Not crypto advice but living advice!)   
+
+4. Investing is risky. Don't invest what you don't have. Pay off debt (I learned this the hard way) and your life will be so much more worry free and happier. Buy necessities such as a simple car or house before that Lambo. Only risk what you can afford to lose. Don't dabble in meme coins unless you have lots of extra money you can afford to throw around.   
+
+5.  Getting Rich Quick is usually a scam. If it were easy,  why doesn't everyone do it? Stay away from poo coins. Don't get angry when older people suggest that meme coins have no long term value. Most or all will not. Even Doge's time will come, it will grow old and out of people's minds unless it quickly develops more use cases.  Stay off CryptoMoonShots.   
+
+Finally, failure is okay, even in Crypto. Each investment will teach you a lesson. Each time you sell will give you information. You twenty and thirty somethings have a LIFE CHANGING opportunity with cryptocurrencies. Remember it might take time,  don't sell on a whim or a worry.   
+
+Good luck, I hope you each reach your moons, no matter what it is!
+Many people don't like NPS tier 1 due to the long lockin but I've hardly seen anyone recommend NPS tier 2, despite its numerous benefits 
+
+1. It has all equity, corporate debt and govt bonds in one fund 
+2. Lowest expense ratio 0.01% 
+3. Same day nav feature
+4. Auto adjustment with time, the portion of debt and equity changes overtime 
+5. you can pay via Upi, netbanking, debit and credit card 
+6. Easy to choose and change % allocation of debt and equity
+
+The app is decent, Ive just stopped my other MF and just used this 
+
+Apart from this I've put some % in nasdaq 100 ETF 
+
+what are your thoughts on this?
+I got a mail from Zerodha Coin that my purchase order for DSP World Gold Fund plan failed as AMC has restricted purchase of the fund today. What does this mean and why does this happen?
+
+Haven't encountered this restriction on purchase on any other mutual fund order previously.
+Basically the title. If a bank skimmed a bit less off the top and gave more of the money invested back to the account holder, couldn't it out-compete other banks because people would choose to put their money in that bank instead? Why do all banks have the same arbitrary interest rate?
+I bought a new car last year and the insurance costs are literally as much as my payment every month. For context I make around 20k a year but I have good credit and I live in AL.
+
+ I took out a loan to buy the car but what I am wondering is: Can I take out a second personal loan to pay off my lien holder and then reduce coverage to just liability? Or would I still be obligated to hold full coverage?
+
+My bills currently make up 90 something percent of my income. I know the real problem is my income and I am working on that but I really need some financial headroom.
+A curiosity because after going through some of the wiki, I noticed that the skeletons of a strategy can be pretty straightforward. The packages are more than helpful for anyone backtesting simple TA strats given the functions provided. But then I go deeper into the wiki to see that there are some people's code that have like 10k lines of code. Is that because once we venture out and hypothesize math/statistic heavy strategies, we will need to code more and more custom functions since there won't necessarily be a package for what we need?
+
+I'm also asking the more general question just because..does it need be so complicated? I saw a wiki post about some dude's code being like 50 lines but the quantity of lines isnt so much my question. If we have general market knowledge, is that exploitable as well?  For instance, understanding how certain securities behave or have a certain level of economic knowledge or even a working strategy that you manually trade by and simply want to automate it. Is that all within the scope of this sub?
+
+​
+
+Edit: Thank you for the award! This is the first one I've gotten :) 
+
+Edit: Awardss
+Thanks everyone! Glad to see this has sparked discussion amongst both beginning and seasoned algotraders :)
+https://www.cnbc.com/2020/05/12/surge-in-layoffs-is-unlikely-to-help-profits-no-matter-what-the-market-thinks.html
+
+Companies have cut some 30 million workers, but that may not be enough to help profit margins.
+
+The obstacles include lower profits, falling demand and uncertainty around the coronavirus.
+
+Stocks have rallied about 30% off their March lows even amid terrible economic data and gloomy earnings prospects.
+
+For the first quarter, earnings are on track to fall 13.6%, according to FactSet. Forecasts for the rest of the year see a 40.6% drop in Q2, a 23% decline in Q3 and 11.4% in Q4
+I got a voicemail from Chase the other day instructing me to call them back at a number to "verify online activity". I had made a large transfer between accounts the day before, so it wasn't completely out of the blue. I googled the phone number. Nothing official from Chase came up, but I found a forum post of people confirming it was indeed a Chase number.
+
+So I called it, waited on hold, and then was greeted by a rep. They asked me for my name, SSN, and birthdate. After nervously giving those out, they asked why I was calling. Uhh, shouldn't they know that? They looked over my notes and said they had to send me a verification code before proceeding futher.
+
+They asked me for my cell number to send the code (shouldn't that already be in my account? If not, what is sending a code even accomplishing?). I also was wary because this is a common scam to gain access to your account as scammers try to log in. I received a code from a number that had previously sent me a verification code for a *different* financial institution. That old text message said "Agents will NEVER ask you for this number." Something definitely felt wrong, so I hung up.
+
+I tweeted to Chase support and they confirmed that is a legit Chase number (their fraud department, ironically enough). This time I called them back on their official number, that agent confirmed they had contacted me about my transfer, and they re-connected me to that department. I went through the same verification again (SSN, birthdate, text code) and we resolved the issue.
+
+Still, it's crazy to me that this is an official protocol from a major bank, which basically mirrors all the warning signs we tell people to look out for.
+Hey all, I’m planning to set up a dividend portfolio and need advice on what to do. I’m 29 and been investing for years, mostly in crypto and a chunk in tech growth stocks like AMD, MSFT, SQ, AAPL, TSLA, NVDA. I never bothered paying attention to high value dividend stocks until recently, when my shiba inu meme coin paid off quite nicely for $32 million. I’m reinvesting most of it back into crypto and my growth portfolio, but I’d like to take $5 million of my earnings, along with the annual yield of $200K from DeFi, and dump it into the dividend portfolio, but not sure how to go about it. Should I simply DCA into SCHD and SPHD? Or should I select a group of high value dividend stocks like PG and KO? Or a combination of the two? 
+
+Much appreciated!
+Beside the obvious answer of "You save $3,000 of taxable income"; my question is under the assumption here where someone is making $100k+ a year, I just don't see the point in going through the work of timing things, tracking it, etc. just to save $1000/year on taxes. The higher your income is, the less worthwhile this appears to be.
+
+Am I missing something?
+Like many others, I was hit by the "bystander effect", betting everyone else would get the job done. The Citashills putting in max effort to make as few people transfer, or only transfer a small amount, in combination with Ken Griffen rage tweeting, it's clear DRS is our move. 
+
+I called TDA, very quick 1-minute phone call. I said I wanted to transfer my shares to Computershare, the lady said she would email me a form I need to fill out and mail to them. Because there's an ink signature, I have to actually MAIL it. Okay, fine. 500 shares coming Kenny boi.
+
+EDIT: 3:43pm ET - Apes are saying TDA can do it over the phone and I don't need to snail mail it. Looking into it.
+Apes together strong, yes, but apes are not a cult, and shouldn't encourage or build echo chambers.
+
+The excitement must be based on peer-reviewed research: someone posts something, we chime in on what we think about its implications, and the most comprehensive objections or inconsistencies are then taken into account by the next post. By this process, average DD keeps rising in quality, because it stands on the shoulders of taller and taller giants. It's not a coincidence many feel they've gotten a college-level education on the stock market this year; peer review and collaboration is the cornerstone of any and all higher education worth having. "Buy and hold", for example, is our core strategy only because we've seen and read enough high-quality DD to assure us the squeeze is almost inevitable; without that, many of us would be day-trading GME, and the MOASS would be a dream lost.
+
+So if you have doubts, or interpret the data differently, say so. As long as they're clearly informed by a wrinkly brain that's taken time to try to understand the situation, I don't think any reasonable person can treat it as FUD. The more of us can grasp the situation by ourselves, the stronger our offense is. Panic selling isn't viable for the shorters if no one's panicking, and a well-informed ape who's willing to revisit basic principles of their thinking doesn't scare.
+
+*Echo chambers* punish dissent, because they seek to protect their ballooning fantasies from implosion.
+
+*Communities* analyze dissent, because they seek to improve their knowledge and inform their actions.
+
+As u/rensole keeps telling us, be excellent to each other. Encourage peer review. It's good for you.
+Hi all,
+
+Both my wife and I have jobs that are fully remote now and we’d like to move to a low/no state income tax state to help accelerate our fatFIRE goals. We’re living in a VHCOL area with high state income tax and high property tax so we’re hoping a move will help. 
+
+We have children and we’d like to raise them in an upper middle class neighborhood with great public schools, that has ethnic diversity (maybe >10-15% non-white?), in a low/no state income tax state. 
+
+Thanks!
+
+EDIT: My wife and I are both non-white and we both grew up in majority white towns (95%+) and we don’t want that experience for our children. 10-15% is the minimum and we’d like a higher % but understand a lot of upper middle class neighborhoods with great schools are overwhelmingly white (but know this is changing!) 
+
+EDIT: We’re not looking for LCOL because that’s just not possible. Just looking to lower tax/expense burden to help get to fatFIRE quicker.
+When Facebook was launched, did people sit here and judge facebook as a losing IPO, a losing investment because it was heavily correlated with the same industry as the big potential but yet  lame and obviously degrading social media site called MYSPACE?
+
+no they did not, whatever proposed linkage was soon gone as Facebook executed on and became its own product and became the category
+
+I view ETH as the same thing. It represents a gigantic blockchain token/platform/digital asset. I am not sitting here giving a shit at this point about BTC drama when I have Facebook here executing on a whole range of positive things to leave BTC in the dust
+
+Soon other investors will begin this SHIFTENING as I have
+Looking for advice on what to do. There is a family renting a single family house from me. There seemed to be a weird dynamic at the place since I’ve known them, but I chalked it up to not being my business and as long as the property was ok and I was paid it was fine. 
+
+However, this morning the mother/wife of the family reached out asking to end the MTM lease that has her husband on it because he struck her this morning. I’m trying to handle this situation extremely delicately and in the correct way to try and protect anyone in danger and also myself. I told her to call the police and file a report. I also said I’d need to give the husband a months notice I was ending the MTM lease before entering into a new one with her. I just want to make sure there isn’t something else I should be doing/someone I should be alerting.
+
+EDIT: Thanks to everyone for your advice. The lease is MTM so luckily it can be ended and a new one created easily. The woman told me she called the police and it wasn’t the first time. I called the station and they confirmed that they had been called there before but she has left the scene and not provided details so no arrest was made. I told her if she concerned and wants to press charges she needs to file a proper report. I passed along abuse hotline number to her.
+
+EDIT 2: Ok thank you again everyone for advice on this. I’m letting the situation be resolved within the family and recommending to her to contact the police. Like others have said, best course is not to involve myself and to keep a distance from this situation.
+1. Been making 3-10% monthly
+2. Or making 2-3k consistently
+
+What are your tips for a thetabab?
+What stocks/etfs are you'll doing?
+What's your max profit/loss?
+
+Thetababy thanks you in advance🤟🏽
+The bulk of the world's car manufacturing is handled by 60 different manufacturers. The US alone has slightly less than 8,000 banks/credit unions. Why do people think that only their precious chosen coin is destined for success, while all others will fail miserably?
+
+Having this "my coin is going to do better than your coin" mentality is toxic. Most cryptocurrencies depend on each other's success and can coexist together perfectly. 
+
+Why can't we be excited for and supportive of each other's investments?
+Never thought of this. If you're married does your number needed to retire double or increase substantially?
+
+Maybe the same question but, what if you have dual incomes? Does the amount needed cut in half or decrease at all?
+
+I guess my lack of knowing what retirement funds exactly fund is my problem?
+[Danish bank launches world’s first negative interest rate mortgage](https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortgage).
+
+What are your views?
+
+What's the affect of this in Denmark itself?
+
+Affect in India? Overall world?
+I recently introduced a friend to our humble, little subreddit and they quickly pointed out that the language spoken here did not appear to be English.  I suppose we do toss around a fair amount of acronyms, memes, and slang.  I put together a quick glossary of terms for them and figured I should post it here in case any other new ethtraders can benefit from it:  
+
+
+
+## **Trading Related:**
+
+
+
+* **Exchange**  
+Websites where you can buy and sell crypto-currencies.  Some popular exchanges in North America are:  
+Coinbase  
+GDAX  
+Gemini  
+Bittrex  
+Poloniex  
+Quadriga  
+Kraken  
+  
+
+
+* **FIAT**  
+Government-issued currency, such as the US dollar.  
+https://en.wikipedia.org/wiki/Fiat_money  
+  
+* **Whale**  
+Someone that owns absurd amounts of crypto-currency.  
+  
+* **limit order / limit buy / limit sell**  
+Orders placed by traders to buy or sell a crypto-currency when the price meets a certain amount.  They can be thought of as 'for-sale' signs.  These orders are what are bought and sold against when traders place market orders.
+
+
+
+* **sell wall / buy wall**  
+Using a depth chart, traders can see the current limit buy and sell points.  The graphical representation on the depth chart looks like walls:  http://media.coindesk.com/uploads/2015/05/image-1.png
+  
+* **market order / market buy / market sell**  
+A simple purchase or sale on an exchange at the current price.  Market buys purchase the cheapest ETH available on the order book, and market sells fill the most expensive buy order on the books.  
+
+
+* **margin trading**  
+The act of 'magnifying' the intensity of your trades by risking your existing coins.  (NOTE: Very risky, only for experienced traders and only on certain exchanges even then)
+
+
+
+* **going long**  
+A margin trade that profits if the price increases.
+
+
+
+* **going short**  
+A margin trade that profits if the price decreases.
+
+
+
+* **bullish**  
+An expectation that price is going to increase.
+
+
+
+* **bearish**  
+An expectation that price is going to decrease.
+
+
+* **ATH**  
+All-Time-High.  We've gotten a lot of these the past couple months.
+
+
+* **Altcoin**  
+Generally any crypto-currency other than Bitcoin or Ethereum.  (Though some Bitcoin folks would probably still say Ethereum is an altcoin)
+
+
+
+* **ETH**  
+The crypto-symbol for Ether.  Kind of like stock market symbols.  (i.e., the crypto equivalent of AMZN meaning Amazon stock)
+
+
+
+* **Symbols of some other crypto-currencies that are regularly discussed/shilled around here:**  
+BTC - Bitcoin  
+LTC - Litecoin  
+ANS - Antshares  
+SC - Siacoin  
+XRP - Ripple  
+ETC - Ethereum Classic  
+FCT - Factom  (described as a software license more than a coin, but can still be traded)
+
+
+
+* **Tokens**  
+Refers to the 'currency' of projects built on the ethereum network that have raised money via issuing their own tokens.  Some common tokens discussed on this sub:  
+GNT - Golem  
+REP - Augur  
+BAT - Basic Attention Token  
+ICN - Iconomi  
+
+
+
+* **ICO**  
+Initial Coin Offering, somewhat similar to an IPO in the non-crypto world.  Startups issue their own token in exchange for ether.  This is essentially crowdfunding on the ethereum platform.
+
+
+
+* **Shilling / pumping**  
+Someone essentially advertising another crypto-currency.  If a coin is promised to cure cancer or be the second coming of Jesus, it's being shilled.
+
+* **stable coin**  
+A crypto-currency with extremely low volatility that can be used to trade against the overall market.  
+
+* **arbitrage**  
+Taking advantage of a difference in price of the same commodity on two different exchanges.  Often mentioned when it comes to comparing ETH prices on Korean exchanges against US exchanges.
+
+
+
+* **FOMO**  
+Fear Of Missing Out.  The overwhelming sensation that you need to get on the train when the price of something starts to skyrocket.  
+  
+
+
+* **FUD**  
+Fear, Uncertainty, and Doubt.  Baseless negativity spread intentionally by someone that wants the price of something to drop.
+
+
+
+* **FUDster**  
+Someone that is spreading FUD.
+
+
+
+* **Pump And Dump**  
+The recurring cycle of an altcoin getting a ton of attention, leading to a fast price increase, and then of course followed by a huge crash.
+
+
+
+* **Bagholder**  
+Someone still holding an altcoin after a pump and dump crash.  Can also just refer to someone holding a coin that is sinking in value with few future prospects.
+
+* **Market Cap**  
+The total value held in a crypto-currency.  It is calculated by multiplying the total supply of coins by the current price of an individual unit.  This site shows a great run-down of each coin's market cap: http://coincap.io/
+
+* **ROI**    
+Return on Investment.  The percentage of how much money has been made compared to an initial investment.  (i.e., 100% ROI means someone doubled their money).
+
+* **TA**  
+Trend Analysis or Technical Analysis.  Refers to the process of examining current charts in order to predict which way the market will move next.
+
+* **MACD**  
+Moving Average Convergence Divergence.  A trend indicator that shows the relationship between two moving averages of prices.  More info:  http://www.investopedia.com/terms/m/macd.asp  
+
+* **Bollinger Band**  
+A margin around the price of a crypto that helps indicate when a coin is overbought or oversold.  More information available at: http://www.investopedia.com/terms/b/bollingerbands.asp
+
+## **Crypto-currency related, but not really specific to Ethereum:**  
+
+* **blockchain**
+The classification of technology that Ethereum falls into.  Blockchains are distributed ledgers, secured by cryptography.  They are essentially public databases that everyone can access and read, but the data can only be updated by the data owners.  Instead of the data residing on a single centralized server, the data is copied across thousands and thousands of computers worldwide.  More detailed information available at: https://en.wikipedia.org/wiki/Blockchain
+
+* **node**
+A computer that possesses a copy of the blockchain and is working to maintain it.
+
+* **mining**  
+The process of trying to 'solve' the next block.  It requires obscene amounts of computer processing power to do effectively, but is rewarded with ether.
+
+* **mining rig**  
+A computer especially designed for processing proof-of-work blockchains, like Ethereum.  They often consist of multiple high-end graphic processors (GPUs) to maximize their processing power.  
+
+* **Fork**
+A situation where a blockchain splits into two separate chains.  Forks generally happen in the crypto-world when new 'governance rules' are built into the blockchain's code.  Some more information available at: https://en.wikipedia.org/wiki/Blockchain#Hard_forks
+
+* **POW**  
+Proof-of-work.  The current consensus algorithm used by Ethereum.  
+
+
+
+* **POS**  
+Proof-of-stake (not piece of shit).  The proposed future consensus algorithm to be used by Ethereum.  Instead of mining in its current form, people that own ETH will be able to 'lock up' their ether for a short amount of time in order to 'vote' and generate network consensus.  The plan is that these stakeholders will be rewarded with ETH by doing so.
+
+* **sharding**  
+A scaling solution for blockchains.  Typically, every node in a blockchain network houses a complete copy of the blockchain.  Sharding is a method that allows nodes to have partial copies of the complete blockchain in order to increase overall network performance and consensus speeds.
+
+* **software wallet**  
+Storage for crypto-currency that exists purely as software files on a computer.  Software wallets can be generated for free from a variety of sources.  MyEtherWallet (MEW) is one of the popular.  (more on MEW below)
+
+* **hardware wallet**  
+A device that can securely store crypto-currency.  Hardware wallets are often regarded as the most secure way to hold crypto-currency.
+
+* **Ledger Nano S / Trezor**  
+Two of the most popular hardware wallet models.  
+
+* **cold storage**  
+The process of moving crypto-currency 'offline', as a way of safekeeping your crypto-currency from hacking.  There are a variety of ways to do this, but some methods most commonly used:  
+---Printing out the QR code of a software wallet and storing it somewhere safe, such as a safety deposit box.  
+---Moving the files of a software wallet onto a USB drive and storing it somewhere safe.  
+---Using a hardware wallet.  
+
+
+## **Terms more specific to Ethereum**  
+
+* **smart contract**  
+Code that is deployed onto the Ethereum blockchain, often directly interacting with how money flows.  Not my quote, but: "A normal transaction allows you to send money from A to B.  Smart contracts allow you to send money from A to B, on the condition that C happens."
+
+
+
+* **solidity**  
+One of the most popular languages that smart contracts can be written in.  Has some similarities to Javascript.
+
+* **Dapp**  
+Decentralized Application.  This refers to an application that uses an Ethereum smart contract as it's back-end code.  
+    
+* **The Flippening**  
+A potential future event wherein Ethereum's market cap surpasses Bitcoin's market cap, making Ethereum the most 'valuable' crypto-currency.  This site shows the progress of the Flippening in real-time: http://www.flippening.watch/  
+
+* **gas**  
+A measurement of how much processing is required by the ethereum network to process a transaction.  Simple transactions, like sending ether to another address, typically do not require much gas.  More complex transactions, like deploying a smart contract, require more gas.
+
+
+
+* **gas price**  
+The amount of ether to be spent for each gas unit on a transaction.  The initiator of a transaction chooses and pays the gas price of the transaction.  Transactions with higher gas prices are prioritized by the network.
+
+
+
+* **Wei**  
+The smallest denomination of ether.  1 Ether = 1000000000000000000 Wei  (10^18)
+
+
+
+* **Gwei**  
+Another denomination of ether.  Gas prices are most often measured in Gwei.  1 Ether = 1000000000 Gwei.  (10^9) 
+
+
+
+* **Finney, Szabo**  
+More somewhat common denominations of ether.  The full denomination chart: https://ethereum.stackexchange.com/questions/253/the-ether-denominations-are-called-finney-szabo-and-wei-what-who-are-these-na
+
+
+* **Raiden Network**  
+An upcoming protocol change to Ethereum that will enable high-speed transfers across the network.  It is similar in some aspects to Bitcoin's planned Lightning Network.  The name, I assume, comes from the Mortal Kombat character named Raiden that can shoot lightning.  More reading available at: https://themerkle.com/what-is-the-raiden-network/
+
+
+
+* **Frontier, Homestead, Metropolis, Serenity**  
+The four planned stages of the Ethereum development roadmap.  We are currently in the Homestead phase.  The Metropolis update is likely to be available sometime in the next year.  
+
+* **MEW**  
+MyEtherWallet.  A free site that can generate ethereum software wallets for you.  
+ 
+
+* **EEA**  
+Enterprise Ethereum  Alliance.  A coalition of startups and corporations trying to figure out the best way to use this dang thing.
+
+* **Vitalik Buterin**  
+One of the primary co-founders of Ethereum (and certainly the most well-known).  A brief biography is available at: https://en.wikipedia.org/wiki/Vitalik_Buterin
+
+* **DAO**  
+Decentralized Autonomous Organization.  An investor-directed venture capital fund built on the Ethereum network that was hacked in June 2016.  The hack stole about a third of the DAO's funds and led to Ethereum being hard-forked the following month.  The DAO is often cited as one of Ethereum's biggest stumbles thus far.
+
+## **Memes**:
+
+
+ 
+* **hodl**  
+Long ago, someone on a bitcoin forum got drunk and made a post with this typo in the place of 'hold'.  A meme was born. 
+ https://bitcointalk.org/index.php?topic=375643.0
+
+
+
+* **lambo**  
+https://www.lamborghini.com/en-en/  
+What we're all going to buy when we're rich.  Obligatory: https://imgur.com/uKKwhcf
+
+
+
+* **This is gentlemen**  
+"This is it, gentlemen".  Used to point out positive things that are currently happening.
+http://www.urbandictionary.com/define.php?term=This%20is%20gentlemen  
+
+
+
+* **mooning**  
+In the crypto-world, this does not mean exposing your buttocks.  It is referring to a price going up astronomical levels.