diff --git "a/reddit_finance_43_250k_135.txt" "b/reddit_finance_43_250k_135.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_135.txt" @@ -0,0 +1,10000 @@ +TARD: Moon soon + +&#x200B; + +https://preview.redd.it/ceys0fzbg9i81.png?width=515&format=png&auto=webp&s=81795e0955f853edd35f82bca91f29efecbf9672 + +&#x200B; + +Edit: I like this data u/RocketTraveler pointed out + +"I’ll add that the weekly MACD is looking prime to flip next week from the **negative territory**. This adds more energy/momentum than if it simply flips while already in positive territory. + +Last May we had a flip in positive territory. The last time we flipped on the weekly from negative territory was all the way back in April 2020 at $4 per share. + +If we moved from $180 to $345 on the “weak” cross, imagine how far we’ll move from the current cross " + +&#x200B; + +Update 2/17 + +&#x200B; + +[This is the 1 week.](https://preview.redd.it/sndan8zojhi81.png?width=1560&format=png&auto=webp&s=df21c9a3ef1873dbc2d376b3d84f2146d1c322af) + +My analysis is on a weekly basis. nonething has changed and everything still looks extremely bullish +On CNBC, Mike Wilson indicated that downward earnings revisions could cause a 24% stock drop from today through the next six months. He has a 2023 year end target for the SP of 3900, which is around where it is now, but indicated there could be substantial volatility in between. He noted the SP500 could fall to between 3,000 and 3,300 + +https://www.cnbc.com/2022/11/29/double-digit-percentage-drop-will-hit-stocks-in-2023-morgan-stanley.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1669770160 + +For what it's worth, I've read other analysts who believe that downward earnings revisions are coming and those revisions are not currently reflected in the SP500 +When I asked them to show me where it says in the terms that referred to this portion + +"The covenants for your community were recorded in 89, prior to air B&B’s, short term rentals.  + +CC&R Article B-Section 4,  Nuisance…Nothing shall be done on a lot which may become a nuisance to the neighborhood.  Article B, Businesses:  No trade, craft business, profession, commercial or manufacturing enterprise or ***business*** or commercial activity of any kind shall be conducted or carried on upon any Lot or within any building located in this subdivision.  " + +My questions are do these terms cover short term rental to you? + +Is this worth fighting? If so what should I do? + +If the terms aren't clear enough and I do it before they change the terms, am I grandfathered in? +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! +I remember it like it was yesterday. Because seeing that post that day was moving. And I said to myself, if we all had this kind of pay it forward attitude, the world would be much more awesome, and this guy gets it. I awarded the post, and I thought about a good deed I could do for someone that day. Because the post was compelling enough for me to want to do something awesome like that as well. + +Hearing about him passing today, I was reading comments to understand who it was. They were saying oh the "Infinity Pool." Yes, I realized who it was by that. But I wanted to look at his other posts, and there it was. It took me right back to that day. The day I had a picture on my screen of a person who took a pumpkin pie and whipped cream to his local GameStop branches to show appreciation for the employees working on the holiday, I believe it was Christmas [https://www.reddit.com/r/Superstonk/comments/r2bd0t/taking\_care\_of\_the\_retail\_employees\_at\_one\_of\_my/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/r2bd0t/taking_care_of_the_retail_employees_at_one_of_my/?utm_source=share&utm_medium=web2x&context=3) . And he also went back with cookies and a card on Retail Employee Appreciation Day. + +It may not have been much but it was the thought that counts, and I know the employees felt the appreciation. So, the challenge is to follow suit. Do the same thing. Hit up a local GameStop store and do a little something for those employees on the front lines. Maybe a thank you card, a pizza, gift card, whatever you have the means of being able to provide. I know it is far from the eating a big jar of mayo, but hey. So, that's all it is. A remembrance of an awesome soul who has gone on to the infinity pool, and a gesture to make him and everyone else smile for you. Were all gonna make it, but no matter what, be awesome, be kind, be thankful. +...and it feels so underwhelming! 😂 + +I first found this sub around 6 years ago. I had a loan, financed car, was living in my overdraft and had a credit card. + +Today I made the balloon payment on our car and can now say I have 0 debts besides a mortgage. I have a fully funded EF and can start putting all my savings into my investments which I'm excited about, but besides that it doesn't feel as good as I imagined! Is this how it feels to achieve FIRE? + +EDIT + +Just want to clarify that when I say it's underwhelming I'm not saying I'm unhappy, (completely the opposite I'm incredibly happy), I just meant that I really thought I'd feel like a huge weight had been lifted but I really don't, maybe it's because the additionally money will now just be used elsewhere 🤷 +Havent seen this on here yet. https://e24.no/boers-og-finans/i/348G29/nordnet-faar-100-millioner-svenske-kroner-i-overtredelsesgebyr + +Sorry, link is in Norwegian. Basically tells us Nordnet was fined 100m swedish crowns for illegal naked shorting. + +Just found it interresting +I called Etrade last week (9/23) to transfer a portion of my GameStop shares to Computershare. I already had a CS account due to some direct purchases from months ago, so I assumed the transfer would be easy. I was told on the call it would take 2-3 business days. + +Well, here we are on the fifth day, so I decided to call. + +The response that I got was that the transfer order is in a queue, and there is no firm ETA on when the transfer will complete. They are swamped. Knowing that this is pretty much an instantaneous transaction on CS's side (screenshots from another ape's CS chat confirms as much), and that this is essentially a digital handshake, the "we're backed up from requests" story doesn't hold much water. So I did what everyone should do if given the runaround ... **I asked for my certificate numbers (EDIT\*\*\*so it turns out this (certificate numbers) is not a thing ... asking for this will only confuse your broker ... these days shares are fungible, which is probably why we are in this mess to begin with ...** ***bring on the blockchain backbone***\*\*).\*\* + +~~Here's where the worrisome part comes in. After asking for the numbers, I was put on hold for about 5 minutes, then the rep came back on the line and sheepishly said they can't locate the share numbers. Any of the share numbers. THIS IS A GIANT RED FLAG. He said he needed more time to look into it, and asked if he could call me back with that info. So that's where we left it ... but~~ **my gut tells me, no cert #s, no shares (EDIT\*\*\*again, not a thing, but still maybe no shares since the DRS should not take weeks?).** + +Needless to say, I put in another transfer order for even more shares. And I'm pretty darn close to just moving everything to Vanguard at this point. + +As an aside, a buddy of mine also put in a DRS order on 9/24. His experience ... they took his shares out of his eTrade account, then put them back in with a completely different cost basis, then canceled his DRS order. + +**Some very, very fucky stuff going on, folks. If you get any push back, ask for certificate numbers. If they can't produce those, you might want to make a post about it.** + +I will update if/when I hear back from eTrade. If they can't produce cert #s, I can only assume they do not have the shares. + +**\*\*\*\*\*\*\*\*\*UPDATE\*\*\*\*\*\*\*\*\*\*\*** + +**They just called back and said they are estimating 4-6 Weeks for the transfer to take place. They said they were unable to locate certificate numbers, but of course, they assured me over and over that the shares are mine, and I can sell them whenever I'd like. Um, excuse me E\*TRADE, but I'm not selling so that's completely irrelevant. What is relevant is that you actually acquired my shares at the time I bought them. What else is relevant is that if a special dividend is paid, I receive the special dividend and not a cash payment in lieu of.** + +**I'm gonna go ahead and call it right now ... if your brokerage uses payment for order flow (PFOF), there is a solid chance your transfer is either going to be massively delayed or isn't ever going to happen because I don't think they have the shares.** + +**So I give them an ear full and told them the only reason it would take 4-6 weeks would be because they don't have the actual shares allocated to me and my account. All I got was silence. Anyway, they are going to call me back yet again, but I honestly don't know what for. I also called my state's regulatory affairs agency right after I got off the phone. Expecting a call back from them too. Feeling like it's time to start lawyering up.** + +**DRSing is fucking up these brokerages because they don't have anything to register.** + +**\*\*\*\*\*ANOTHER UPDATE\*\*\*\*\*** + +**So As** u/thehivemind5 **points out in the comments, individual shares are no longer serialized. So it appears I was giving E-Trade a hard time for nothing about this aspect (getting certificate numbers). That said, waiting 4-6 weeks for DRS is still bullshit, and I will continue to press this with them and continue the process with state authorities.** + +\*\*\*\*Latest Update\*\*\*\*\* So Etrade never called back the second time like they said they would. If I have a break tomorrow, I'll give them a shout, otherwise I'll have plenty of talkie time with them on Saturday. + +Also, this ...which was probably going to get buried in the comments, but I thought it worth surfacing: + +https://preview.redd.it/0c88yfmmrqq71.png?width=1166&format=png&auto=webp&s=037102ac7aa748a17a07cb1db0b8fbd1ba7bc555 + +# ****Most important update of all: + +https://preview.redd.it/ck303y2adwq71.png?width=1238&format=png&auto=webp&s=e560568ff1f4b00ca683f19f53be9301c95bd100 + +&#x200B; +APES! + +The price you see on your broker is the average price between the bid and the ask. The bid is set by the buyers and the ask is set by the sellers. The market makers (Shitadel and others) make their money on the difference. The more liquid a security (which GME isn't at all, hence the extremely low volume and blatant manipulation) the tighter the spread between the Bid and the Ask. Below is an example of GME's spread from today. + +&#x200B; + +[This is the bid and ask, but on your watchlist it would say the price is $155.29 because it's in the middle of the two.](https://preview.redd.it/09x8ct2gget61.jpg?width=1125&format=pjpg&auto=webp&s=ad353c9192f43c7a4c50abfccb09c2795ec8f370) + +When you go to sell on Robinhood and other "user friendly" brokers, the order type you're executing by default is a market order. If you sell a market order it will fill at the BID price, NOT the price you see in your watchlist. This usually doesn't matter as much if you don't care about the pennies, but when this blows and GME is trading at $1,000,000, who knows what the spread will be. It wouldn't be unrealistic to think the Ask could be $1,020,000 and the Bid as $980,000 which would look like the price is trading at $1,000,000. When the hedge funds get margin called, they are placing huge market buy orders which fill on the ask. Why would you sell at the Bid when you know these criminals have to buy on the Ask? Selling using a market order will not hinder the squeeze, but it will eat at some of your potential gains; and I don't know about you but I am sucking these motherfuckers dry. + +&#x200B; + +I will see you all on the moon my friends. It is inevitable. + +Not a financial advisor and this isn't financial advice. +Welcome to the Daily Discussion [Serious] thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- General discussion topics include, but are not limited to, events of the day, technical analysis, alternative Ethereum projects, or support issues. +- Breaking news or other important content should be submitted as a separate post. +- In-depth altcoin discussions should be referred to the /r/CryptoCurrency discussion thread. To view the thread, [follow this link](https://np.reddit.com/r/CryptoCurrency/search?q=%5BMonthly+General+Discussion%5D&restrict_sr=on&sort=new&t=all) and choose the latest entry on the search page. +- Pumping, memes, lambos, etc. will **not** be tolerated under any circumstances. Low-effort content **should be reported** and redirected to the Daily Moontalk thread. To find this thread, simply look of it on the top page or [follow this link](https://www.reddit.com/r/ethtrader/search?q=Daily+Discussion%5D&restrict_sr=on&sort=new&t=new) and choose the latest entry on the search page. + +*** + +Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +* **This thread will no longer be stickied so please remember to upvote it for visibility.** + +*** + +Thank you in advance for your participation. Enjoy! + +Investors should ride through volatility in the crypto space by buying shares of Coinbase, according to Goldman Sachs. + +Analyst Will Nance initiated coverage of the cryptocurrency exchange on Monday with a buy rating, saying in a note to clients that Coinbase is the best way to gain exposure to cryptocurrency ecosystems. + +Coinbase went public through a direct listing on April 14 and, after an initial pop, its shares have struggled. The stock rose above $400 during that first day of trading, but on Friday closed near $224. + +https://www.cnbc.com/2021/05/24/coinbase-stock-initiation-goldman-sachs.html + +More from SA + +* Goldman Sachs analyst Will Nance initiates coverage of Coinbase Global (NASDAQ:COIN) with a Buy rating partly on its business model that "thrives on elevated cryptocurrency volatility." +* That volatility has been on display in recent weeks as seen in crypto swings as evidenced in bitcoin's wild ride. This morning bitcoin rises to $37.6K but had dropped as low as $31.1K on Sunday. +* COIN stock rises 3.0% in premarket trading. +* Sets price target at $306; implies a 36% upside potential for stock based on Friday's closing price of $224.35. +* Nance also likes COIN's leverage to an ecosystem with strong growth driven by increasing adoption of digital currencies, its consumer platform with strong customer acquisition trends and rapidly growing institutional business, and its opportunities to add additional features and capabilities. +* Though the continued success or failure of crypto as an asset class will ultimately determine COIN's future, "we believe COIN represents a blue-chip way through with to invest in the development of the ecosystem," the analyst writes. +* Points to COIN's careful approach to regulatory compliance, crypto-native technology stack, and role as an innovation hub for new crypto endeavors. +* Nance's Buy rating is more optimistic than the average SA Author's rating of Neutral (6 Bullish, 5 Neutral, 2 Bearish) and aligns with the average Wall Street rating of Bullish (6 Very Bullish, 1 Bullish, 4 Neutral). +* Last week, Coinbase snagged an Outperform rating at Wedbush helped by its "first mover" advantage. + +Goldman bought the dip. +This is the first suit I am aware of against the CDC directly. Although the Plaintiff is in Virginia the case was filed in Georgia where the CDC is based and may ultimately be tried in Florida. The judges likely to oversee the case were originally placed by Florida Governor Ron DeSantis before being elevated to their present positions by Trump. + +The suit alleges an assault upon the core values of the Constitution. + +https://www.tampabay.com/news/business/2020/09/11/landlord-files-lawsuit-against-cdc-eviction-moratorium/ +[Source](https://www.afr.com/property/residential/own-now-pay-later-frontya-launches-new-property-ownership-model-20220222-p59ylj?utm_medium=social&utm_campaign=nc&utm_source=Facebook&fbclid=IwAR26tuxKKnbbiYnghF6fdcOOn6LefLnkafFUrl-puFo0dpegpBqMG3hN8Q8#Echobox=1645509575) + +They help double your deposit. In return, you pay back them back over 6 years and they also take 25% of your property’s capital gains over that time period. + +It’s like a very high interest loan lol. +I am stepping away from my service business to pursue other interests. + +I was wondering if anyone in this sub has any experience with installing someone to run their business (effective CEO) and offering them a package to do so. What does that package generally look like? + +Do they get 10% of all deal volume? More? Just keep them on a flat salary? + +I guess I'm looking for a deal that will incentivize them to grow the business and hustle. + +Thanks! +A guy ran into me outside the bank claiming to be a college student needing to pay his student debt. He said he had a paycheck from work that he couldn’t cash since his account his bank account was negative. He showed me his phone and confirmed his account was negative and it was a student account. + +He needed to explain his story multiple times because I wasn’t sure what he wanted from me so I didn’t really understand. The guy showed me he couldn’t get into his account at the bank atm, although he was using an atm card, the kind of card they give you temporarily while they mail you your new debit card. + +He had a whole story lined up, like where he works, where he went to school and what he majored in. He even gave me a phone number to call him if anything went wrong afterwards. + +What he wanted from me was for me to cash his money order using my account and have me withdraw the money. I realize how obvious of a scam this sounds but I have really bad anxiety and I wasn’t thinking straight, I just wanted him to leave me alone because he kept pressing me. + +I deposited the money order and gave him the money. We talked a bit afterwards and then parted ways. A few hours later I got a message from the bank that said they couldn’t accept the money order. + +I tried calling him but he didn’t answer. Judging from the voicemail, the number was from a texting/calling app. I know he can at least read my texts because he responded to my threats about contacting the police(although I already had and they can’t do anything.) All he said in the message was his first name he told me when we met. + +I feel so stupid because I knew better but I let my anxiety get the better of me. I don’t feel like I’ve learned anything because it was such an obvious scam, I just needed to be assertive and tell him to fuck off but I’m not an assertive kinda guy so it’s hard. + +I doubt the bank can do anything because it was 100% my fault so I doubt they would just give me the money back. It just sucks because I’m a college student who doesn’t have much money and I will need that $800. + +Sorry if this doesn’t fit the subreddit, I didn’t know where else to post. + +Edit: Since the thread is locked, I’ll just say that I appreciate all the advice/kind words, I’ve read all of it. People were a lot less judgmental than I thought they’d be which is nice. +I am very lucky. + +I will never have housing problems because I live with my family ( mom, grandparents, aunt and uncle) +or hospital bill because I live in Italy. + +I thought nobody could get poor because I couldn't + +But my shoulders are covered by a sound family without debt. +Now I am in a small financial struggle and I owe my mother € 1k + +My payment will come at the 28th of this month and it will be €650 + +What will I do without my family? What about who doesn't have a family? + +From my privileged prospective I couldn't get the prospective of poverty but getting in debt really opened my eyes. + +I really appreciate all your struggles and keep it up with your effort to get a better life + +Edit: some comment made me realize that the title is wrong. I Cannot say that I get all poor people and their strugle just because I am 1k in debt with my mum. + +Since I cannot edit the title pretend that it was: + +"Now I get how someone can get poor " +I am 24M and wife and I both have company sponsored 401k plans. I contribute 8% Roth and 3% traditional, company matches 7% pre-tax. Wife contributes 5% Roth and 5% Traditional, company matches 6% pre-tax. + +We are working towards maxing these out each year to save for retirement. It seems like almost everyone recommends maxing out a Roth IRA each year before trying to max 401k (after company match). Since we are putting Roth dollars into our 401k, do we still need to open a Roth IRA? + +EDIT: Ok so I have decided to open up a Roth IRA through fidelity. I am only 24 so I am going to be investing and holding for quite a while. What are good investment strategies? + +So far it sounds like 60% VTI + 40% VXUS, Fidelity Freedom Fund Index target date fund, or some other combination of mutual funds are the way to go. Any suggestions/thoughts? +**Preamble:** One of the main questions that I had and I see recurring on this sub is how to identify and invest in emerging stocks before it becomes mainstream news. I did not have the time to actively track social media and decided to build a program that does it for me. + +**How does it work:** The program is built using Python and uses both Twitter and Reddit API to stream comments and tweets and spot tickers that are exhibiting accelerated growth. I added sentiment analysis to the findings so as to check the general sentiment (whether what is being talked about the stock is positive or negative). + +I had been testing the tool for the past 3 months and had to tweak the program to account for the increased bot activity following the GME hype (remove exact same comments posted multiple times, the same account spamming with one ticker etc.) + +Here is the stock picked by the program and my DD + +**Stock: Corsair Gaming (CRSR)** + +Week on Week increase in mentions: **73%** + +Month on Month increase in mentions: **247%** + +Average sentiment across mentions: **+34.6%** + +**DD** + +**Core Product** + +Corsair is the leading manufacturer of high-performance gear and technology for games and PC enthusiasts. Another important part of their portfolio is the brand Elgato which provides premium studio equipment and accessories for content creators, competitive gamers, and streamers. Currently, their products are in high demand and command a significant price premium against other brands. + +**Financials** + +Corsair currently has a net revenue of $1.7B (55% increase YoY) and a gross profit of 456MM (107% increase YoY). They had 84% increase in the sales of gamer and creator peripherals. Net income is 103MM compared to 8.4MM loss last year. + +They had a gross margin improvement of 6.9% (lesser availability of parts allowed them to jack up their margins) and paid off $190MM debt in 2020. (Current debt of $321MM with $133MM cash in hand) + +**Potential and Hype Factor** + +People are increasingly spending more and more time on video games and Corsair caters to the premium segment in this market. Adding to this, the current explosion in Twitch viewership and Corsair’s marketing strategy of sponsoring famous streamers to showcase their premium gear further adds to the product demand. + +The company is also benefitting greatly from the changing landscape due to the ongoing Covid crisis. As more and more people stay home and abstain from their regular hobbies, they have turned to digital entertainment with PC gaming being one of the leading contenders. In fact, video game consumption is currently at an all-time high and is set to explode even further. + +**Risk and Competition** + +I see 3 major risk factors for Corsair + +a. Supply Constraints: They currently have unmet demand due to supply constraints which benefitted their margins. But a more severe supply constraint can negatively affect their revenue and brand image + +b. Return to normal: The current growth rate might not be sustainable once the pandemic is over and people can return to their regular lifestyle + +c. One firm owns 80% of the outstanding shares: Corsair is majorly controlled by EagleTree Capital which has majority voting power and an 80% ownership of the company + +**Conclusion** + +Corsair currently has about 20% market share for gaming peripherals and 40% market share for PC components putting them in an ideal situation to capture any future growth. Although there is some risk in terms of supply constraints and return to normal, their brand, product line, and current financials are put them in a very strong position. + +Disclaimer: I am not a financial advisor. Please do your own extensive research before investing in any stock. + +&#x200B; + +**Update:** I have made the code public. The GitHub repo of the code is kept as a stickied post in my profile. +A lot of companies got absolutely destroyed in stock price this year. Which canadian shipwreck are you watching for a potential bounce in 2023 ? Here are some of my picks. + +$AQN: Algonquin Power & Utilities Corp + +Once a dividend investor darling, it is now the most oversold it has ever been since going public, total destruction ! Debt, huge acquisition and a potential dividend cut are things to be aware of. + +$NWH: NorthWest Healthcare Properties REIT + +This medical properties REIT got decimated lately. Canadian real estate bubble( though they also have real estate in other countries), huge insider sell lately. Also the price seems to follow its cousin in the u.s $MPW (except lately). + +$SHOP: Shopify + +Once the number one in marketcap size in Canada (Royal Bank curse), this has pretty much crumbled with tech. + +What are the disasters you are watching for 2023? +[https://www.cnbc.com/2022/08/25/stock-market-futures-open-to-close-news.html](https://www.cnbc.com/2022/08/25/stock-market-futures-open-to-close-news.html) + +Here the most important remarks Powell just made at Jackson Hole. Hope this helps. + +In his speech Powell mentioned **that 75 basis points remains an option for the FOMC september meeting. This is higher than the anticipated 50 bps.** + +Overall Fed will keep raising untill inflation is under control and referred to historic times where this failed. + +Powell also indicated **Fed will keep rates high in the longterm** to counter speculation Fed would start cutting in 2023. + +He also indicated raising rates will hurt economy and households "to some extend". + +Seems Fed doesn't want to repeat mistakes of the past and remain hawkish **so not so good news for the stock and bond market.** +Full article at [https://www.thegalacticadvisors.com/post/estonia-e-residency-should-you-set-up-your-company-in-estonia](https://www.thegalacticadvisors.com/post/estonia-e-residency-should-you-set-up-your-company-in-estonia) + +A lot of clients have come to us with the idea of setting up a company in Estonia. Let's look at how the Estonia e-residency works, who should apply, whether it makes sense from a tax and compliance point of view. + +Let's get started! + +## What is Estonia e-Residency? + +Estonia e-residency allows foreigners to obtain digital residency in Estonia, without actually living there. + +E-Residency enables digital entrepreneurs to start and manage an EU-based company online. + +* Estonia is the first country to offer e-Residency – a government-issued digital identity and status that provides access to Estonia’s transparent digital business environment. +* E-Residency allows digital entrepreneurs to manage business from anywhere, entirely online. + +**As an e-Resident, you'll be able to:** + +* Establish and run a company online +* Conduct your banking online e.g. make electronic bank transfers +* Have access to international payment service providers +* Digitally sign documents (annual reports, contracts) within the company as well as with external partners +* Verify the authenticity of signed documents +* Encrypt and transmit documents securely +* Declare taxes online + +## How to apply? + +Estonia e-Residency's website has some excellent information on how to apply alongwith a series of explainer videos. Linking to the website [here](https://e-resident.gov.ee/). + +## Why would anyone want to apply for Estonia e-Residency? + +Having an Estonia based company can definitely have it's advantages including: + +* Ease of doing business +* Being a EU company might appear to be more reliable than an Indian company +* EU regulations might be easier for business's to operate than Indian regulations + +The main reason is of course **perception**. Being an Europe (EU) incorporated company can definitely be a significant positive for a lot of startups and businesses. + +**Advantages for startups:** + +* Easier fund raising +* International investors may be more willing to invest in an EU incorporated company rather than Indian company +* Easier access to US and Europe markets + +**Galactic Note:** If you are a startup or an investor and need assistance with [deal advisory](https://www.thegalacticadvisors.com/deal-advisory), feel free to contact us. We're happy to help! + +## What about tax? + +A LOT of people are under the impression that if they set up a Company in Estonia, India will not tax their income. Unfortunately, tax laws don't work this way. + +Let's break this down into parts: + +**A. Tax in Estonia** + +This is why everyone is considering Estonia - There is **no corporate income tax** on retained and reinvested profits. + +This means that Estonian resident companies and the permanent establishments of foreign entities (including branches) are subject to **0% income tax** for all reinvested and retained profits. + +If you do distribute dividends, a 14% tax applies. This also seems more reasonable to people than the \~25% plus tax at [slab rates](https://www.thegalacticadvisors.com/tax-rates-individual) on dividend in India. + +**Note:** Tax is 14% on dividend, only if distributed to a legal person. Otherwise, tax is 20%. + +Dividend paid to Non-Residents is not even subject to withholding tax. + +**B. Tax in India** + +Unfortunately, this is where things start falling apart if you look at this from a tax point of view. + +Bear with us, we're going to get slightly technical. Feel free to ignore the actual provisions and just read our Galactic summary if you don't want to understand the technicalities. + +**Residency in India and Place of Effective Management** + +**Provision** Section 6(3) of the Income-tax Act is reproduced below: *A company is said to be a resident in India in any previous year, if— (i) it is an Indian company; or (ii) its place of effective management, in that year, is in India. Explanation.—For the purposes of this clause "place of effective management" means a place where key management and commercial decisions that are necessary for the conduct of business of an entity as a whole are, in substance made.* + +**Galactic Summary** + +Accordingly, the Estonian Company might be considered Resident in India, considering that a person is residing in India controls the entity and all key management and commercial decisions shall be made in India. + +**Provision** + +However, CBDT vide Circular No. 25 of 2017 has clarified that Place of Effective Management (“POEM”) provisions shall not apply to a Company having turnover of INR 50 crores or less in a Financial Year. + +**Galactic Summary** + +Now, if your turnover exceeds INR 50 crore, this doesn't affect you. + +However, if your turnover is less than INR 50 crore, POEM rules might not apply to you and the Estonian company may not be considered Resident in India. + +Note that the aforesaid circular may be repealed in the future. In case said circular is repealed, the Estonian Company shall be considered a resident for Indian tax purposes. + +Before you start thinking that this is a great idea, let's come to the next problem: + +**Business Connection in India** + +**Provision** + +Section 9(1) of the Act provides Income that shall be deemed to accrue or arise in India, irrespective of place of receipt of Income. + +*The following incomes shall be deemed to accrue or arise in India :—* + +*(i) all income accruing or arising, whether directly or indirectly, through or from any* ***business connection in India***\*, or through or from any property in India, or through or from any asset or source of income in India, or through the transfer of a capital asset situate in India.\* + +***(Emphasis supplied)*** + +Explanation 2 to Section 9(1)(i) *inter-alia* states the following + +*For the removal of doubts, it is hereby declared that "business connection" shall include any business activity carried out through a person who, acting on behalf of the non-resident,—* + +*(a)* *has and habitually exercises in India, an authority to conclude contracts on behalf of the non-resident or habitually concludes contracts or habitually plays the principal role leading to conclusion of contracts by that non-resident and the contracts are—* + +*(i) in the name of the non-resident; or* + +*(ii) for the transfer of the ownership of, or for the granting of the right to use, property owned by that non-resident or that non-resident has the right to use; or* + +*(iii) for the provision of services by the non-resident* + +**Galactic Summary** + +The Estonian Company shall be deemed to have a Business Connection in India, considering that an Indian Resident may have the authority to conclude contracts on behalf of the Estonian Company. + +Accordingly, the income of the Estonian Company shall be deemed to accrue or arise in India and shall be **taxable in India**. + +This is probably the worst case scenario - tax rate for foreign companies in India is **40%** (plus surcharge and cess). + +**Double Taxation Avoidance Agreement** + +Before you scream India and Estonia have a Double Taxation Avoidance Agreement (Tax Treaty), read our [article on how a DTAA works](https://www.thegalacticadvisors.com/post/how-does-a-dtaa-work). + +Now, it is a settled position in law that the provisions of the DTAA override the provisions of the Act, to the extent more beneficial to the assessee. + +Let's see if there's any shelter available under the India-Estonia DTAA: + +**Provision** + +Article 7 of the India-Estonia DTAA deals with taxability of Business Profits. Extract is reproduced hereunder + +*The profits of an enterprise of a Contracting State shall be taxable only in that State unless the enterprise carries on business in the other Contracting State through a* ***permanent establishment*** *situated therein. If the enterprise carries on business as aforesaid, the profits of the enterprise may be taxed in the other State but only so much of them as is attributable to that permanent establishment.* + +***(Emphasis supplied)*** + +Article 5 of the India-Estonia DTAA provides that + +*The term "permanent establishment" includes especially:* + +*(a) a place of management* + +**Galactic Summary** + +The above provisions would indicate that the Estonian company has a permanent establishment in India. Accordingly, there is no relief available under the DTAA in this specific instance. + +The whole of the income shall be attributable to the Permanent Establishment in India. Accordingly, the whole amount shall be **taxable in India**. + +Note that the above implications are oversimplifications based on a direct reading of the law. In some cases, it might make sense to set up a company in Estonia. There's definitely ways of structuring this for tax efficiency. Feel free to [contact us](https://www.thegalacticadvisors.com/contact-us) if you need assistance. + +For a lot of people, there may be other ways of structuring their business in India itself. If you are one of these people, feel free to contact us. Our team of experts are always happy to help! + +&#x200B; + +Tell us if you're interested in more articles relating to Estonia's e-residency. We might do a few caselets and examples to aid in understanding if there is enough interest. +Let's say I open a bank account(or any other investment) where I add my, + +1. Father as Nominee +2. Mother as Joint Holder +3. Child a Legal Heir +4. Declared Will + +Now in case of my demise who is rightful owner of the account amongst above three? + +Can some legal expert throw some light here? + This is the official $GME Megathread for [r/Superstonk](https://www.reddit.com/r/Superstonk/). Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) + +on how to get it. + +[announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Please consider leaving a helpful review after shopping at GameStop. It's free and helps building a community that greatly benefits both customers and the company itself and directly support sales which of course translates into growth and fundamentals. + +# Intro + +Greetings, apes, investors and customers of GameStop! In this post I will hightlight an often overlooked but oh so important topic when it comes to growing sales - **Product reviews**. I will give a brief rundown of why product reviews are so important, how they help the company succeed and what constitutes a good review. My goal with this post is to educate and show the reader how he/she can support the company in a simple, free and meaningful way. + +Before we get down to business, I want to acknowledge that I'm just a simple ape and this is not my area of expertise and there are probably hundreds of people more knowledgeable than me in this area within this sub alone. As always, I encourage you to elaborate on the topic in the comments or build upon this topic with your own post. + +For the record, I am not affiliated with GameStop in any other capacity than being a shareholder in the company since January 2021 and I'm not trying to sell anything. As always, do your own research and draw your own conclusions. None of this is financial advice. + +# Why are product reviews important? + +Power to the players, right? One power that is often overlooked, but **SHOULD. NOT. BE. UNDERESTIMATED**, is the power to write product reviews. + +So you bought something from your favorite store - maybe the greatest socks you've ever owned or a collectible that you feel is great value for the price? Maybe you want to warn others so that the propeller-powered skateboard doesn't send someone else's grandma to the ER? + +Alright, so what? You got yours, why should you bother spending time on writing a review or care about others, that's their problem, right? + +**WRONG**! At this point, I'm going to assume that if you've read this far, you have an interest in seeing GameStop (or any other store you like) create an unparalleled customer experience that engages and delights customers, which inevitably will help the company attract new customers and help the company grow and succeed amongst the competition. + +"Okay, I'm listening... but how is that connected to me writing a review?". Take a look at the Fig 1. below: + +[Fig 1. Correlation between reviews and orders \(Sauce: https:\/\/blog.shift4shop.com\/blog\/product-reviews-increase-sales\)](https://preview.redd.it/5cm68qpawev71.png?width=905&format=png&auto=webp&s=a72f87ebc133601d29cf22eba11b3c2f36d7fd81) + +That's right, there is a **strong** relationship between the number of reviews and number of orders of a product, and as the figure above clearly shows, the largest effect is achieved with the first review while subsequent reviews have a declining return, but are still highly relevant up into the hundreds. + +&#x200B; + +[Fig 2. Review volume versus utilization \(Sauce: https:\/\/blog.shift4shop.com\/blog\/product-reviews-increase-sales\)](https://preview.redd.it/62lsdlpx1fv71.png?width=587&format=png&auto=webp&s=63fa9c41881587a269b356e54c0317346826d566) + +In Fig 2. we can see the approximate thresholds for reviews and how they can be utilized for different purposes. As you can see, there is still added value of additional reviews even into the hundreds. + +# How does this benefit the company and the customers? + +The following are a selection of benefits and advantages that high-quality product reviews will bring to stakeholders. Since reams have been written about this and can be found all over the internet, I chose to go with a random source that highlights the main points I want to make and that I have subsequently shortened down a bit. (Sauce: [https://www.ecommerce-nation.com/6-benefits-of-customer-reviews-on-your-ecommerce/](https://www.ecommerce-nation.com/6-benefits-of-customer-reviews-on-your-ecommerce/)) + + +* **STIMULATES THE DECISION TO BUY -** One of the main benefits of online customer reviews is that users who visit the online store are more eager to get to the end of the purchase. +* **INCREASES CONFIDENCE IN NEW CUSTOMERS** \- If a product has good ratings or can simply be reviewed, customers tend to rely more on ecommerce. Thus, reviews increase the confidence of new consumers. +* **HELPS BUILD LOYALTY FOR EXISTING CUSTOMERS** \- Building a strong customer community around an online store is no easy task. However, helping these customers interact in the online store will help to build loyalty. +* **IMPROVES SEO (*****Search Engine Optimization*****) POSITIONING OF ECOMMERCE** \- The more text published in online shops, the more options for keywords to appear in other users’ search results. The more keywords distributed throughout the portal, the more visits can be generated. +* **BRINGS CREDIBILITY TO PRODUCTS AND THE COMPANY** \- Credibility is a fundamental basis in ecommerce. + +>Reviews matter because 85% of consumers trust online reviews as much as personal recommendations. (Sauce: [https://www.eventige.com/blog/bigcommerce-product-reviews](https://www.eventige.com/blog/bigcommerce-product-reviews)) + +* K**NOWING WHICH PRODUCT WORKS BEST** \- Adaptive power is important in this respect and even more so when offering products to customers. Knowing at all times which is the product that generates the most interest or the least popular among the customer community, will be essential to adapt the catalog of items offered. + +# What constitutes a well-written review? + +A well-written review should be honest, concise, informative and should *aspire* to be objective (however, a review will always be subjective 😉) . What this means will of course differ between products, there is probably more to say about an expensive bundle than a pair of socks, but you get the gist. Healthy reviews also consist of both positive and negative reviews, utilizing the whole scale. Consider if a product you are happy with is truly 5 stars and couldn't have been any better. On the contrary, if you are unhappy with a product, is it really a 1 star or did you write it in the heat of the moment? + +This cannot be understated; **LEAVE MENTIONS OF GME TO OTHER FORUMS, THEY DO NOT BELONG IN CUSTOMER REVIEWS OF A PRODUCT AND DOES NOT BRING VALUE TO CUSTOMERS OF GAMESTOP AND MIGHT EVEN BE DETRIMENTAL TO THE STORE.** + +Examples of reviews: + +**BAD:** + +* A pair of socks - "To the moon, hedgies r fuk, 5 stars" +* A graphics card - "Does the job, 5 stars" +* A pack of cards - "Hate it, 1 star" + +**GOOD:** + +* A pair of socks - "Very comfortable and durable, this is my third pair of these socks. These are my go to socks on a daily basis. 5 stars" +* A graphics card - "Great price/value in this card, I'm a casual gamer and this card has served me very well. I have no trouble running all new releases on high settings and it looks good in my RGB build. It should be noted however that it's not the most silent card on the market, but it's decent for the price. 4 stars" +* A pack of cards - "I'm very disappointed in this pack of cards. The colors seem to rub off on my fingers if I touch it and the cards themselves would not go in any collection. The price was however very low, so not a huge waste of money. Customer service was great as always and sent me a replacement pack, which I was more than happy with. 2 stars" + +# Final remarks + +If you made it this far, good on you, I really appreciate it. While so much more could be written about this subject, I hope I have been able to give a brief glimpse into the importance of product reviews and inspired **YOU** to play your part in building a great community and helping the company with engagement and data to work with. In this forum alone, there are 650k+ users, and hundreds of thousands of customers of GameStop. Imagine the impact if tens of thousands take a couple of minutes writing a review after a purchase and commenting on their experience. This will help the company immensly and over time transfer into fundamentals which will make GameStop an even greater long-term investment. **POWER TO THE PLAYERS!** +Pembina Pipeline Corp. has struck a friendly deal to acquire Inter Pipeline Ltd. for $8.3 billion in an all-share deal after the midstream company was put in play earlier this year. + +Under the terms of the deal, shareholders of Inter Pipeline will receive half a share of Pembina for each share held, valuing the deal at $19.45 per share based on the most recent closing price. That trumps the unsolicited $16.50 offer from Brookfield Infrastructure Partners LP that Inter Pipeline rebuffed earlier this year. According to the release issued Tuesday, Pembina’s executive team will lead the combined entity, while Inter Pipeline will have representation on the board of directors. + +Inter Pipeline Chair Margaret McKenzie said the deal with Pembina represented the best value for shareholders after the company launched a strategic review in February. + +“It was evident that a combination with Pembina offered compelling value for Inter Pipeline shareholders in the short-term, as well as the opportunity to participate in the upside of \[the Heartland Petrochemical Complex\] and the combined business longer-term,” she said in the release. + +“The creation of a more highly integrated business across the energy infrastructure value chain results in a combined entity that is greater than the sum of its parts.” + +That Heartland Petrochemical Complex has been key to Inter Pipeline’s path forward, with the project outside Edmonton slated to produce 525,000 tonnes of polypropylene per year upon completion. However, it has been dogged by contruction delays and cost overruns, and is now expected to commence production in early 2022. + +The two companies said their friendly transaction is expected to close in the fourth quarter of this year, pending all necessary approvals. + +[https://www.bnnbloomberg.ca/pembina-strikes-8-3b-all-stock-deal-for-inter-pipeline-1.1611131](https://www.bnnbloomberg.ca/pembina-strikes-8-3b-all-stock-deal-for-inter-pipeline-1.1611131) +I like value investing, am sold on it, and believe in it, but I don’t have the time (nor do I want to spend the time) coming up with my own strategy. I want to just put my money in a trustworthy fund that operates on sound value investing principles, and leave it there. Is there such a fund that is available to the masses to put in arbitrarily small investments? How would I pick it? Thanks in advance! + +Note: not looking for people to give me flack about the fact that I don’t want to spend the time on this but still want to reap the benefits of the strategy. +Alright. Let’s take a quick break from memes and FAANG and talk about some of your lesser/known (or just downright under-appreciated) positions in your actual (non-spec) portfolio that you think deserve a little more love and recognition. + +Not pump n dump plays, but actual positions that you wouldn’t mind forever holding as a secret weapon / dark horse part of your portfolio. All sectors welcome, as long as they have info publicly available for me to DD as needed. + +Everyone has a soft spot for some random holding they can’t imagine getting rid of right? + +Thanks in advance. Happy trading. +hey everyone, posting this on behalf of a friend as he doesn't know what do and neither do i. my friend received one of those scam text messages that says something like "e-tag: our system detected that you still have a trip marked as payment unsuccessful. pay now to avoid fees" or something similar. he fell for the scam and clicked the link and paid some small amount of money. the next day he woke up to realise that his bank account had been drained of $2500 even though he paid the scam using only his debit card (the $2500 was in a different account). he disputed the transaction with commbank and gave a detailed explanation. commbank denied the dispute a few weeks later, citing "the transactions disputed have been completed via a trusted digital wallet registered to your device". how do we dispute the decision? what does he do now? +Hey all...curious to know what everybody on here does for a living. For me and I think many others using this sub...being a full time day trader would be nothing short of a dream job. + +I’ll start...I’m currently back serving my time as an auditor for a company that produces the metal that’s used for airplane turbines. I was laid off for most of Covid and took full advantage of it by focusing completely on honing in on my trading skills and abilities. I was recently asked to come back and reluctantly had to say yes as I’m not quite where I want to be as a trader to where I can comfortably do it full time. The mental and psychological obstacles of day trading have been a real challenge for me. + +Edit: I originally saw a post like this on the day trading sub and thought it would be interesting to ask here. + +Edit#2: Thanks for all the replies! Cool to see all the different ways we make a living and yet share this crazy addictive passion of trading forex! + Hi all, I want to give back to this community a little because of the sheer amount it helped me when I first started. I have come up close to 1 year of my trading journey and am finally starting to see profitability and consistency. I have only really daytraded for about 5 months (and yes this isn’t long at all, but after finally crawling out of a 5-6k hole and now being well in the green I know I’m finally doing something right). As for the total year I tried to dabble in a bit of everything I.e. stocks, options, swinging, scalping etc. soaking up any bit of information I could get my hands on! After an insane amount of red, I began to realize that daytrading suited me most because I could control everything and wasn’t ever drastically effected by any unsystematic/systematic risks that occurs when doing something like swinging. As of recently, I have hit my milestone in growing my account from **1.5k to 10k in a month.** (And no it obviously wasn't really a month but rather a year of dabbling and climbing out of REDNESSS, my consistency has finally started to show.) + +**1.** You must, must, must find some sort of edge. At the beginning of my day trading experience I kept dabbling in a range of different setups until I started to really notice and understand which ones worked and which ones didn’t *(big emphasis on which ones didn’t*, because honestly a lot of them didn’t). To this day, I make most of my money from 3 **setups that literally repeat and repeat** like patterns but I am constantly trying to expand my playbook (making sure to lower my size when doing so). And if you ask, hey what are these setups? I don’t rlly feel comfortable in sharing because A) it took a longtime for me to figure this out for myself (i.e. literally staying up from **11:30pm - 6am** every weekday watching the markets and also studying/watching videos during the day - whilst having commitments like uni and work :) ) and B) they might not work for you. Also, you should *trust in the process*, because part of getting good and getting past that learning curve is criticizing yourself and figuring out what works and what doesn’t. If you never go through that process you will struggle big time. + +**2.** Please **learn to read the tape**. The order book and time and sales is essential, if you don’t have these tools you are at a severe disadvantage. For example, when I enter long on a 9ema/21ema consolidation, I am looking for heaps of orders coming in through the T&amp;amp;amp;S above or at the bid because this tells me buying pressure is coming in. And for example another scenario, if I am shorting, I know my directional bias is likely to be correct when the orders on the ask begin to stack up with lots of support behind me and orders on the bid are relatively thin in comparison (Nick Fabrio talks about this in the Chat with Traders podcast) + +**3.** Trading is literally all about risk to reward. If your reward isn't atleast 2.5-3x your risk why are you even taking the trade. Unless you are certain that the probability of success is incredibly high (which is something you figure out from your excel spreadsheet of different setups and their probabilities), it is incredibly silly. Expanding on this, moving your stop-loss is literally altering your R:R ratio so please unless you are 100% positive that your original stop-loss was dead-stupid, take the loss and cut the runner short. + +**4.** Where do you put stops? You need to understand the structure of your charts on all timeframes. Before I trade any name im putting in support and resistances on daily/hourly timeframes so I know the key levels in play. Depending on your strategy you can choose to put stops just below pivots, or just below support levels etc. Additionally, nice numbers is a thing, so e.g. (when short) don't put your stop as $6. Put it at $6.01. When long, don't put your stop at $5.01, put it at $4.99. I don't know why nice numbers are a thing, but they are and there have been countless times where my stops were too tight and I was stopped out by 1 cent due to 'nice' numbers. (whole dollars and half dollars especially) + +**5.** Leading on from this --&amp;amp;gt; The awareness on multiple timeframes thing is something recent that I heard in a chatwithtraders podcast and oh my god is it true. You need to start understanding where people are going to be entering on multiple timeframes, because remember not everyone in the orderbook right now is a daytrader like you. E.g. I tend to not short at the HOD break unless I see heavy resistance because at this point you have multiple buyers stepping in at multiple timeframes... + +**6.** This is also something that I only really realized recently (after having so many trades where I was deep green and having them turn only a little green/red). How should you be taking profit? For most of my plays I would say e.g. short at $z and set a target for say $z-1. I would then let the trade run and I guess take 50% profit and then full profit when the stock was nearing $z-1. The problem with this, is that I was leaving sooooo much more money on the table. I.e there are so many micro moves (e.g. shorts covering off support, buyers stepping in) within one macro move and it is easy to predict where people are going to cover their shorts etc just by looking at ur chart for 2 seconds. (again this market microstructure stuff) From this, I started covering right where/a little before people would cover and then re enter when the stock would consolidate back to say the 21 ema or something. By doing this I have profited from that little ‘micro’ pullback that was incredibly predictable within the big macro move (that didn’t even fully have to play out). So in the end, you've made money off the one big move + all the micro moves. anyways hope that made sense (it’s 3am rn so I’m a fuking vegetable) (also no I don’t set a profit target of $1. That was just an example, I should’ve instead used an arbitrary value $k to clear up confusion) + +**7.** Watch heaps of videos of people that are better than you and try soak up as much information as possible. Most people try to find one video that would teach them everything but problem with this is there is no one video. Everything about learning day trading is just soaking in as much info as possible from a heap of different sources. Additionally, you do not have to pay for any courses... everything I did was completely free and I made sure to have a onenote where I stored heaps of notes from different videos. + +Here are some channels I watched: + +**Dan from TheChartGuys!!** + +\- I would strongly recommend thechartguys as a great starting point with the multitude of videos on TA/trade recaps (dan in my opinion is one of the best traders I have ever watched, and he is by far the most consistent, systematic and genius of them all!! He has such a beast probabilistic mindset that puts him in front of a lot of other traders. This is something I really admire about him) you don’t need to buy his course though. + +**W-ar-riorTrading** (sorry formatting is weird, it wouldn’t let me post) + +\- To be quite frank, Ross isn’t a very good trader in my eyes, he seems quite sloppy and inconsistent. E.g. He’s the type to really chase those whole dollar and half dollar breaks without even considering the tape and the current overextension of a stock. And yes, he does make money so I don’t want to shit on him - but I’ve just seen better traders out there... He has some nice vids on L2 data and live trading, so I would go check that out. + +**SMB Capital** + +\- Look at their setups videos with example trades + +**Seven Points Capital** + +\- Love a good recap from Michael Kats and the team. + +**Chat with Traders** + +\- I think I have watched over 100 hrs of interviews... Just type in daytrading and hit most viewed.... + +**6.** **Get on Twitter!** Follow daytraders that are better than you, i.e. Nick Fabrio, Michael Katz (anyone from any chat with traders video). + +And finally, here are some little **mini tips** + +\- Don't size up until you are consistent. I have made huge mistakes of sizing up when I thought I had it all laid out after a few decent trades, and then got a huge reality check. + +\- You are going to miss so many moves that happen in front of your eyes (i.e. FOMO). It happens and yes it fucking sucks but don't get in now because your R;R ratio has completely changed + +\- Know where you are going to get out before you get in. + +\- Please try only use limit orders (atleast for entries), market makers literally fill you wherever the fuck they want. What I would do is for example if you want to enter at $6. set your limit for $6.05 just incase the price explodes (and you should know if you are buying at an area where price will explode, e.g. a key support level/breakout level). For exits I currently use market stops which is bad, sooo much slippage (I am going to start fading into stop-limits though with a slippage factor.) + +\- If you don't have hotkeys, you are at a disadvantage. Too much clicking is bad and slows you down/is very stressful. I currently have 3 hotkeys - a 50% take profit, 100% take profit, and cancel order hotkey. I still think I need more lol. + +\- Paper trading is fucking useless and doesn't teach anything. If you want to learn but dont want to lose big, open an account with tradezero and 2k equity - best way to learn is when you lose. If you are paper trading, I am telling you right now you are wasting your time. Because of human psychology, trading when money is on the line versus paper is a completely different game. I could go into so many things you will do when trading real money vs paper but I cant be fucked right now so just trust me. + +\- Create notes. I have a mistakes notebook where I literally document every trade mistake I ever do. Yes, when you lose money it hurts and you record it (something you wont do on paper trading). Additionally, have an excel spreadsheet of your % winrate and also P&amp;amp;amp;L + +\- Just a couple things about my trading --&amp;amp;gt; I use tradezero for execution and tradingview for charting (When I first started I used to use the stockbot !pop command on discord servers but have then moved to the tradingview scanner, I think I need to eventually find something a little more professional like tradeideas.) **VWAP** is the most essential thing on my chart, without it I would not trade. I use 9 ema's and 21'emas (depending on the strategy, sometimes they aren’t used at all) that help me gouge different entries. When trading any name, I have a split screen between the 1 min and 3 min timeframe and then another tab where I flick through the 5min/15min/hourly/daily time frame (usually always on the 5 min). Before I trade any name, im putting in key support/resistance areas at pivots levels on these higher timeframes. + +- also did I mention volume! That’s a super important thing I’m looking at, again depending on my strategy + +Anyways, for anyone that is interested I do document all my recent trades on my instagram account so if you want to come aboard on my journey chuck me a DM and ill give you the @. (Edit: a lot of ppl are asking, it’s @thewolfofshortstreet You can ask me questions there too!) + +2nd edit: glad ur enjoying the post fellas, again after lurking around for ages and reading heaps of posts this was my way of giving back a bit! + +Cheers! +Hi guys, + +I would like to start a quick thread to discuss income streams for Fire in EU, or more specifically Germany if you have experience. + +What do you invest in to generate income? Or do you go by 2-3-4% rule and withdraw? + +I myself have combination of realestate and dividend etfs. + +I try to keep healthy balance because realestate income in germany is counted as regular income so keeping it under 40K per year makes sense. With dividends there is a flat 27% tax rate. + +Looking forward to your experiences. +I have been selling options on weeklies with overall success (+20% YTD, including open positions in current drawdown), but man is it a grind. + +I got on weeklies because I do like the quick theta (time decay), but as I've come to understand the greeks much better, I am finding there are ways to compensate for lower theta options that come with expiration dates further out in time. + +I still believe weeklies are more profitable long term but only if you don't make a mistake which seems easier to do on weeklies because of the shorter window of time. Despite the higher return potential with weeklies, I'm not sure I can do it for long. It really breaks you down mentally. I guess this is why you see so many old timers doing 30 DTE MINIMUM. + +Now with weeklies I would only sell strikes with deltas below 30, but I think getting a little more aggressive with delta (say ~40) and pushing out the expiry makes things smoother and easier on the mind. This is where Gamma comes in. I can also adjust (roll or close) with more time left and keep things running smoother. + +I guess if I had to make an analogy for this it would be weeklies are like shooting a free throw in a basketball game late 4th quarter whereas 30-45 DTE is like shooting a free throw in the 2nd quarter. In the end they are both worth the same (1 point) but the pressure and perception of importance is higher with weeklies. + +If I can figure out how to shoot nearly as many 2nd quarter free throws without sacrificing much on yield then this would be better long term I think. + +I would love to hear your thoughts! +(can't paste charts - so doing a text version of my analysis) + +*Digit (GoDigit General Insurance Limited), a 5-year old insurtech startup, filed its DRHP a couple of weeks ago. With industry veteran, Kamesh Goyal at the helm and with Prem Watsa's backing, the company has been closely tracked.* + +*Digit has managed to significantly differentiate itself in the motor insurance landscape with its seamless digital offerings. As a result, the company has grown gross premiums by \~50%+ CAGR over the last 3 years and has captured meaningful market share in the motor segment.* + +*But - if the last 2 years has taught us anything, it is that startup IPOs (fintech & otherwise) haven't served their investors too well.* + +*While we don't know Digit's IPO valuations yet, the company is likely to value itself at a premium to its recent fund raise valuation of \~$4B. Will Digit's IPO be reasonably priced?* + +*Won't prescribe an answer, but will rather lay out a framework to think about it. Read on!* + +**Digit & the non-life insurance opportunity** + +**Digit - the company** + + +Digit was founded in December 2017, and has carved out a leadership position for itself in the general insurance space in a very short period of time. Two reasons we think this happened: +1. Digit's simplified and largely digital offerings have really worked well with customers, specifically in the motor insurance space. This has positioned Digit really well to tap into India's significantly under penetrated insurance market (more on this later). +2. Digit has a world class promoter group with deep industry expertise - Kamesh Goyal, the CEO, is an industry veteran with 3+ decades in the insurance space, and Prem Watsa's Fairfax Financial is one of the largest investors in the company. + +**The Non-Life opportunity in India** + +Penetration in India is awfully low - in fact it is low even when benchmarked to other emerging economies - making non-life a massive untapped opportunity. + +**Digit's position in the Insurance landscape** + + +Firstly, Digit has managed to grow really fast (**62% YoY growth in gross written premiums in FY22!**) + +Second, most of Digit's business and growth has come from Motor (ICICI is the market leader in Motor Insurance) - \~60% of GWP came from motor insurance in FY22. + +Clearly, the company needs to demonstrate that it can replicate its motor success in other areas. + +**Why is Digit IPO'ing now?** + + +Digit is tapping the public markets for two reasons (beyond the indirect benefit of a public listing creating visibility and unlocking valuation for the company). + + +**Fresh Issue:** Firstly, Digit is looking to do a fresh issue of shares to raise Rs.1250 crores to capitalize the company and raise its solvency ratio. +**Offer for Sale:** Secondly, a number of existing investors will sell their shares as part of the IPO. This means the proceeds from this don't make it to the company, but go into the hands of existing share holders. This is fairly common during IPOs. The exact extent of OFS has not been specified and will be known when the company finalizes an exact share price. + +**Pre-IPO solvency ratio of 201%** + +**Post-IPO solvency ratio of 336%** + +**Digit's IPO valuation** + + +Now that we know why Digit is raising money, let's make an educated guess on the company's potential IPO valuation. Here is what we know about recent valuations: + + +1. Virat Kohli and Anushka Sharma were issued shares at a valuation of \~$1B in February 2020. (This name dropping adds no value to the story, but we figured we'd share the trivia!) +2. The company's recent share issuances in May 2022 were at a valuation of \~$3.6B (or \~29K crores). Existing backers including Sequoia infused capital in this round. + +Given the recent fund raise, Digit will likely IPO at a valuation of >29K crores or >$3.6B. While we don't know the exact numbers yet, let's assume this is at least 30-35% higher than its recent valuation, pegging the value at \~$5B. + +But is Digit worth $5B? Let's break this down. + +&#x200B; + +**Is the Digit IPO worth it?** + +Here are some points to note: +1. Digit is unprofitable (**\~300 Crores PAT loss in FY22**), but we'll ignore profit for now given the company is growing fast. Given this, we can't do a price to earnings multiple for Digit. +2. Digit's solvency ratio post the IPO raise would be one of the best in the industry. +3. In terms of profitability, ICICI Lombard is the best performer - not only in terms of posting a healthy profit but also having a robust return on equity (**14% ROE**). + +Given this, let's value each of these companies on price to book (P/B) or price to networth (a common metric used for financial services companies). Digit's P/B has been evaluated for its recent pre-IPO raise at $3.6B (labelled Pre-IPO) and an assumed valuation of $5B (labelled Post-IPO). + +P/B ratios - + +**NIA - 0.8, Star - 9.4, ICICI - 6.8** + +**Digit (pre-IPO) - 15.3, Digit (Post-IPO) - 12.8** + +Digit is a fantastic business no doubt, but we at ZCharts are sticking with what Charlie Munger says: "no matter how wonderful it is, it's not worth an infinite price". + +***What do you think about the Digit IPO - would you subscribe?*** + +***Read the whole analysis here -*** [***https://zcharts.rupeezen.com/digit-ipo-go-or-no-go/***](https://zcharts.rupeezen.com/digit-ipo-go-or-no-go/) +[https://www.reuters.com/markets/europe/german-annual-inflation-rate-10-september-business-insider-citing-govt-sources-2022-09-29/](https://www.reuters.com/markets/europe/german-annual-inflation-rate-10-september-business-insider-citing-govt-sources-2022-09-29/) + +[https://www.investing.com/economic-calendar/german-cpi-737](https://www.investing.com/economic-calendar/german-cpi-737) + +German CPI inflation jumped to a whopping **10.0%** in september (from 7.9% last month). + +Tomorrow we'll get Eurozone inflation which most likely will also come out much higher. + +Expect more pressure on ECB and Lagarde to hike alot more and also faster. + +**Update: ECB policymakers back jumbo rate hike as German inflation soars above 10%:** + +[**https://www.reuters.com/markets/europe/ecbs-simkus-joins-camp-supporting-75-bps-oct-rate-hike-2022-09-29/**](https://www.reuters.com/markets/europe/ecbs-simkus-joins-camp-supporting-75-bps-oct-rate-hike-2022-09-29/) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +https://www.cnbc.com/2022/10/05/oil-opec-imposes-deep-production-cuts-in-a-bid-to-shore-up-prices.html?__source=androidappsha + +What does everyone think about this? Could be in for high gas prices and heating oil with winter coming up. Plus all the turmoil still between Ukraine and Russia. +Hey r/Superstonk ers + +You've probably seen a lot of incidents over the last few months of huge blockchains / sidechains 2 platforms losing users' hundreds of millions of dollars. **For a public company like GameStop, an incident like this is completely out of the question.** + +We've seen the impact that closed or opaque financial systems can have on everyday end users. Incumbents and banks win. Everyday people lose. + +Our CTO spent the last week typing up this article on the security of a few major L1 / L2 platforms which focus on NFTs. [https://immutablex.medium.com/a-guide-to-nft-platform-security-30d7129cedd3](https://immutablex.medium.com/a-guide-to-nft-platform-security-30d7129cedd3) + +Security is incredibly tricky, but it's of paramount importance to us at Immutable - and we think it's incredibly important that everyone knows that their assets and funds are secure. The whole point of decentralization is to empower people with true ownership and financial sovereignty - that no one, including bad actors, the government, or nefarious actors can take. + +Would love to take thoughts / questions in the comments and help share further. + +Robbie ([0xferg](https://twitter.com/0xferg)) +I’m 24 years old and I recently moved into an apartment that cost me $1,175 monthly. My income is only 50k at the moment. I was living with my family prior, while I do love my family…living with them made me more depressed & suicidal. That said rent will always be an expense. The question is should I downsize from my 1 bedroom apartment to a shared apartment with other adults? I prefer to be alone but I would be saving a few hundred dollars if I downsized. The caveat is I would have to pay for furniture storage. What do you think? +Why does it seem like the vast majority of folks giving advice recommend contributing to a Roth IRA? Never any mention of the traditional IRA being an option and perhaps a better one given the individual's income/tax situation. I understand the benefits of the Roth, but just feel like people are giving bad advice in recommending it by default. Anyone else notice this or is it just me? +Lately I’ve been seeing lots of posts and pages on Twitter from “dividend investors” who, over time, build their yearly dividend payouts to tens of thousands of dollars. While not inherently better or worse in terms of growing a nest-egg, I feel like psychologically, that type of feedback loop – seeing dividends paid/shares DRIP every quarter – would suit my sensibility, but I don’t know how to begin. + +Hypothetically, if you wanted to begin a dividend stock portfolio with $10k in cash, how would you go about it? Would you let it grow in a TFSA or RRSP, and why? Is there anything you recommend I read or listen to that touches on the theory and practice of dividend investing? + +For the record, all my current investments are in growth ETFs, but again I find myself attracted to dividend stocks for at least a portion of my portfolio. I lack the knowledge and experience to get started. +# Introduction: + +Welcome back to my weekly stock analysis. Disclaimer: I'm an android user, prefer windows/linux + +Apple Inc (NYSE: AAPL) +Sector: Consumer Electronics (Technology) + +## Company Strengths & Risks: +Apple is a Dow Jones, Nasdaq 100, S&P 100 and S&P 500 component. They are an American tech company out of California. Apple is the 4th largest PC vendor and is one of the most well known companies with almost cult-like brand loyalty. + +Strengths: +- Nice historical price appreciation +- S&P 100 and 500 component, Dow Jones component +- low payout ratios + +Risks: +- low yield (I know some of you care more for income than growth) +- High PE (historical average 22) +- Corporate greed with product design is becoming more apparent. +- low leverage +- cyclical free cash flow per share + +## Financial History and numbers + +AAPL: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/AAPL/dividends/dividend-growth) and [Macrotrends](https://www.macrotrends.net/stocks/charts/AAPL/apple/revenue) as of May 24 2021 + + +Stock | AAPL +-----------------------------|-------- +P/E Ratio | 28.06 +Stock price | $125.43 +Current Annual Payout/Share | $0.88 +Yield | 0.70% +5 Yr Div Growth Rate | 9.41% +3 Yr Div Growth Rate | 8.43% +1 Yr Div Growth Rate | 6.49% +Years Of Growth | 8 +Current Payout Ratio | 17.05% +Free Cash Flow / Share | 1.0183 +Revenue (ttm) | 325.406B +Debt / Equity Ratio | 1.57 +Debt / EBITDA | 1.09 +EPS | 4.48 +ROE | 11.80% +ROI | 31.7% + +AAPL is poised to offer great returns. The payout ratio suggests that AAPL is growing, as backed by the 0.70 yield. The PE ratio is very high but seems on par with historical 22 PE ratio. Revenue is growing. My biggest fear is really in the free cash flow. This is something I'd look into for further research. + +I will now use the 3 year dividend growth rate to project to the future. + +Year | AAPL +------------------------| ------- +2022 | 0.95 +2023 | 1.03 +2024 | 1.12 +2025 | 1.22 + +For another way, let's use historical payout ratio to project out. + +YEAR | AAPL +----------------------- | ------ +EPS estimate 2021 | 5.16 +EPS estimate 2022 | 5.31 +2021 dividend | 0.88 +2022 dividend | 0.91 + +## Final Thoughts: +AAPL isn't some unheard of company, in fact it's well mentioned. Why would I need to bring up the bull case? I hope to impart some of my views more than “it's Apple, duh”. + +####USER CASE +In terms of operating systems and functionality, there are 3 main choices. Linux is second most preferred for programmers (edited from most optimal for programmers), Windows is gaming oriented, and Mac handles the creative suite the best. [source for linux claim](https://www.statista.com/statistics/869211/worldwide-software-development-operating-system/). That is not to say that Windows can't run the Adobe suite. No. But, Mac seems to handle alignment and trackpads much better, the times that i've used Macs. + +Second, the iCloud is a highly underappreciated feature. Having all of your devices in sync by default is great. Needing to add OneDrive or Dropbox is a nuisance. Anyone who has tried to reconcile Git repositories will tell you that rebasing can be a pain. + +Next, User retention: AAPL handles this… well, to an extent. AAPL is good at assuming people are technologically inadequate and provides accordingly. You can still go hop on the mac terminal and vim away, but for the most part, everything is low level. I don't like the high cost of entry that only seems to go exponentially higher, and don't like that Apple seems to be removing parts and repair policies just for more money. That being said, AAPL seems to be dipping its hands in everything. Apple Watch having messaging, and health capabilities, rumors of the car, itunes, safari, everything seems to just be meant to entice you to stay. + +####Epic Games vs Apple +I can't believe this is even a discussion but somehow it is. Let's start with the case. This all started as a breach of contract that was heavily planned by Epic. Under the App Store, Apple is supposed to receive a cut of all in game content to the tune of 30%. Epic games circumvented this by offering users a discount when paid via the epic games’ store. Upon immediate removal by Apple and Google, Epic launched a [PR campaign](https://www.youtube.com/watch?v=bPn_PGuYesw) fairly quickly. What should be an open and shut case is dragging out and dragging other franchises in. Some of the cruxes are: What is an app, What is a game, and is Apple anti-competitive? Roblox recently rebranded to an app because Apple classifies it as an app. + +Regardless of the anti-competitive outcome, to have the influence to change the classification of a game to an app is understated. AAPL might have to reduce the commission, and google will likely have to follow, but I dont think this affects AAPL as much as it hurts Epic. Apple can't be called a monopoly as it has to compete with Microsoft, Sony, Nintendo, Activision, and others. Just like how Microsoft bailed out Apple from bankruptcy, I think this will likely happen again unless a new competitor arises. + +The last thing, AAPL’s price seems to be converging between 124 and 126. What happens next could be a jump or crater in stock price. I look forward to seeing what happens. + +Weekly price estimate for a future date, via consulting the crystal ball: +Predicted price for AAPL for May 26, 2021: $124.42. There is no factual basis that I will give. + +I hope someone out there found this post interesting. Please supplement this with your own research. + +Thank you for reading, please give me feedback so that I can increase my standards for future analysis posts. If I have made a mistake, please correct me. Or if you have one that you want an analysis on, I might pick a comment to do an analysis of if I don’t have any spice stored for the week. +# Introduction: + +Welcome back to my weekly stock analysis. Disclaimer: I'm an android user, prefer windows/linux + +Apple Inc (NYSE: AAPL) +Sector: Consumer Electronics (Technology) + +## Company Strengths & Risks: +Apple is a Dow Jones, Nasdaq 100, S&P 100 and S&P 500 component. They are an American tech company out of California. Apple is the 4th largest PC vendor and is one of the most well known companies with almost cult-like brand loyalty. + +Strengths: +- Nice historical price appreciation +- S&P 100 and 500 component, Dow Jones component +- low payout ratios + +Risks: +- low yield (I know some of you care more for income than growth) +- High PE (historical average 22) +- Corporate greed with product design is becoming more apparent. +- low leverage +- cyclical free cash flow per share + +## Financial History and numbers + +AAPL: +Numbers from [Seeking Alpha](https://seekingalpha.com/symbol/AAPL/dividends/dividend-growth) and [Macrotrends](https://www.macrotrends.net/stocks/charts/AAPL/apple/revenue) as of May 24 2021 + + +Stock | AAPL +-----------------------------|-------- +P/E Ratio | 28.06 +Stock price | $125.43 +Current Annual Payout/Share | $0.88 +Yield | 0.70% +5 Yr Div Growth Rate | 9.41% +3 Yr Div Growth Rate | 8.43% +1 Yr Div Growth Rate | 6.49% +Years Of Growth | 8 +Current Payout Ratio | 17.05% +Free Cash Flow / Share | 1.0183 +Revenue (ttm) | 325.406B +Debt / Equity Ratio | 1.57 +Debt / EBITDA | 1.09 +EPS | 4.48 +ROE | 11.80% +ROI | 31.7% + +AAPL is poised to offer great returns. The payout ratio suggests that AAPL is growing, as backed by the 0.70 yield. The PE ratio is very high but seems on par with historical 22 PE ratio. Revenue is growing. My biggest fear is really in the free cash flow. This is something I'd look into for further research. + +I will now use the 3 year dividend growth rate to project to the future. + +Year | AAPL +------------------------| ------- +2022 | 0.95 +2023 | 1.03 +2024 | 1.12 +2025 | 1.22 + +For another way, let's use historical payout ratio to project out. + +YEAR | AAPL +----------------------- | ------ +EPS estimate 2021 | 5.16 +EPS estimate 2022 | 5.31 +2021 dividend | 0.88 +2022 dividend | 0.91 + +## Final Thoughts: +AAPL isn't some unheard of company, in fact it's well mentioned. Why would I need to bring up the bull case? I hope to impart some of my views more than “it's Apple, duh”. + +####USER CASE +In terms of operating systems and functionality, there are 3 main choices. Linux is second most preferred for programmers (edited from most optimal for programmers), Windows is gaming oriented, and Mac handles the creative suite the best. [source for linux claim](https://www.statista.com/statistics/869211/worldwide-software-development-operating-system/). That is not to say that Windows can't run the Adobe suite. No. But, Mac seems to handle alignment and trackpads much better, the times that i've used Macs. + +Second, the iCloud is a highly underappreciated feature. Having all of your devices in sync by default is great. Needing to add OneDrive or Dropbox is a nuisance. Anyone who has tried to reconcile Git repositories will tell you that rebasing can be a pain. + +Next, User retention: AAPL handles this… well, to an extent. AAPL is good at assuming people are technologically inadequate and provides accordingly. You can still go hop on the mac terminal and vim away, but for the most part, everything is low level. I don't like the high cost of entry that only seems to go exponentially higher, and don't like that Apple seems to be removing parts and repair policies just for more money. That being said, AAPL seems to be dipping its hands in everything. Apple Watch having messaging, and health capabilities, rumors of the car, itunes, safari, everything seems to just be meant to entice you to stay. + +####Epic Games vs Apple +I can't believe this is even a discussion but somehow it is. Let's start with the case. This all started as a breach of contract that was heavily planned by Epic. Under the App Store, Apple is supposed to receive a cut of all in game content to the tune of 30%. Epic games circumvented this by offering users a discount when paid via the epic games’ store. Upon immediate removal by Apple and Google, Epic launched a [PR campaign](https://www.youtube.com/watch?v=bPn_PGuYesw) fairly quickly. What should be an open and shut case is dragging out and dragging other franchises in. Some of the cruxes are: What is an app, What is a game, and is Apple anti-competitive? Roblox recently rebranded to an app because Apple classifies it as an app. + +Regardless of the anti-competitive outcome, to have the influence to change the classification of a game to an app is understated. AAPL might have to reduce the commission, and google will likely have to follow, but I dont think this affects AAPL as much as it hurts Epic. Apple can't be called a monopoly as it has to compete with Microsoft, Sony, Nintendo, Activision, and others. Just like how Microsoft bailed out Apple from bankruptcy, I think this will likely happen again unless a new competitor arises. + +The last thing, AAPL’s price seems to be converging between 124 and 126. What happens next could be a jump or crater in stock price. I look forward to seeing what happens. + +Weekly price estimate for a future date, via consulting the crystal ball: +Predicted price for AAPL for May 26, 2021: $124.42. There is no factual basis that I will give. + +I hope someone out there found this post interesting. Please supplement this with your own research. + +Thank you for reading, please give me feedback so that I can increase my standards for future analysis posts. If I have made a mistake, please correct me. Or if you have one that you want an analysis on, I might pick a comment to do an analysis of if I don’t have any spice stored for the week. +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. +Been married to my partner for 11 years, with one child. I’m happy for most of it, but it’s been rocky. In the last decade, she has attempted businesses without much success, had multiple jobs in which she was never happy or had productive growth, she seems to just not care about doing good work, she was twice let go from her role. In her current role, she prefers to quit, to take a break and find a job that she wants to pursue long term. I think she’s at a point of giving up her side business for good, since going into some debt. Which I think is a good decision, a business that isn’t worth the effort. + +After years of ups and downs, I don’t know what to do, continue supporting her with her needs, which is quitting her current day job during this rather down period and uncertainty in the job market. She wants to take a break and find a job where in an industry and product she would be passionate about. + +Any advice from those that reached FIRE that had spouses with lack of financial (and emotional) stability? I love her, she’s a good person and I’m trying to be supportive of her needs to take a break, but also feel like I haven’t done a good job setting expectations and consideration of family needs (paying expenses), doing what’s needed in the moment. + +[Edit] I’m on path to FIRE, and though this isn’t a specific investment/fund question, it is a principle and behavior that would impact long term FIRE success. + +[Edit] Thank you community for all your support. I did not expect this much response of diverse and thoughtful guidance. + +[Final Edit] Dear community, My closing comment unless there is another good suggestion that hasn’t already been shared. I appreciate all the input, here are the next steps we aligned together: 1) My partner to take an extended break from work in Jan. Step back to step ahead 2) Stop the side biz for good! Develop plan and double down on professional career for second half of 2023 3) Take professional counseling and read up books 4) Apply principle of "Opposite could be worse" - See the best in each other, accept shortcomings 5) Keep FIRE'ing away. Double down on career, continue growth mindset for higher earnings (and savings) +So everyone is inspired by SafeMoon and Doge and looking for the next MoonShot (myself included). This comes with thousands of tokens being promoted and unfortunately majority are Rugpulls. This post is my personal DD of the Bingus Token, *Disclaimer: I am in no way, shape, or form affiliated with the Dev team or the project managers. I simply like the Token. Before investing in anything, please DYOR!* + +**History of Bingus:** + +The Bingus Project 2,0 was launched around 3 weeks ago. You might be wondering "What happened to Bingus 1.0?" From the website: *"Bingus 1.0 was launched as a small hobby project by 'Bingus Dev'. As lover of animals he simply wanted to make a small meme coin that could do some good. His integrity and honesty were infectious and it very rapidly grew.* + + +*Once an error in the contract code was discovered, Bingus Dev immediately informed the community and advised everyone to pull their money. Bingus and now Admin, then whale MJ, held all the way to the bottom to ensure most people could get out without losing money.* + + +*Miraculously in the aftermath not only did the community stay together, but it also grew and insisted on a relaunch."* + +I found this pretty interesting because Mike Cerisano (AKA: the whale MJ, the Dad of the community) sacrificed his money for the welfare of the community, hard to find that in any other project that's only goal is to 1000000x. Side note: Mike works in Hollywood and has large connections + +**Why I chose Bingus:** + +In looking for the next moonshot, there were many other projects line Bonfire and LavaToken that were much more popular; however, I believe the real moonshots are the ones grown organically with a strong community that wont fuck each other over for personal gains. I have been apart of the telegram for around 5 days now and I can say that everyone in there is kind, helpful, and everyone shares the same perspective on the project. + +Another reason why I chose Bingus was because of the contract. Now let me note that I am not a developer and can barely read code, however I do know some common red flags. 1. Out of all the Moonshot proposals I've seen, Bingus is the only token that does not have the 'Mint" function in the contract. (You can check using CTRL+F and search for "mint" in the contract: 0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) This means that the devs can't simply print a shit ton of Bingus to wipe out the LP. FYI: You can use this trick for any Moonshot you are playing, mint functions are extremely suspicious. + +Charity: While many of these Moonshots are pure hype and pumps, Bingus actually has a use case and donates to community approved animal shelters. So far, 2.08 ETH has been donated (The project is only 3 weeks old keep in mind). Now imagine if Bingus can get some of the volume of Doge, there would be much more $$$ available for donations. Proof of donations can be found on the website: [https://bingus.finance/](https://bingus.finance/) + +P.S. Bingus also has some merch: [https://bingusofficial.com/](https://bingusofficial.com/) Pretty dope in my opinion + +**Tokenomics:** + +The Tokenomics for Bingus is pretty standard. Max supply of 1,000,000,000,000 but only 936,796,778,002 remain due to burns. There is a 3% fee per transaction where 1% goes to the charity wallet, 1% is burned forever, and 1% is redistributed to all holders. Some may say that 1% reflection is low and not enough for them, if this is the case then you may want to find another coin. + +The top 3 wallets go as such: Burn wallet, PancakeSwap LP, and the Charity wallet. + +I will say that there are a considerable amount of Whales in the Token holders, this is one downside of Bingus. + +Currently, Bingus has a Market Cap of $5.2M. This is extremely small compared to the likes of these other Moonshots that are simply pump and dumps. For this reason, I believe Bingus has a lot of room to grow and the Whales know that too. + +Here is some basic level TA, THIS IS A BULLISH PATTERN COMPARED TO OTHER PUMPS! + +[https://gyazo.com/c307387dfe27439ef875c10a6420017e](https://gyazo.com/c307387dfe27439ef875c10a6420017e) + +**Endorsements:** + +The way I found Bingus was through the endorsement the project got from Youtuber(8 Million subs)/Twitch Streamer MoistCr1tikal. (Here is the clip of him talking about Bingus: [https://m.twitch.tv/clip/DarlingPatientHamWoofer-fRGkc3oRVxK3olmz](https://m.twitch.tv/clip/DarlingPatientHamWoofer-fRGkc3oRVxK3olmz)) He is super supportive of the project and is a great benefit to grow the community. He has gotten in contact with the devs and I doubt he would put his reputation on the line for a scam project. + +Another endorsement is from musician Bbno$, he is super supportive of the project, active in the Telegram, and even made a short song about it ([https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7](https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7)) + +The Youtuber Rocky Kanaka, 2.34M subscribers and huge on animal content, is onboard with the project and is making a video about Bingus very soon! (Here is his channel: [https://www.youtube.com/c/rockykanaka/videos](https://www.youtube.com/c/rockykanaka/videos)) + +This is just the current endorsements Bingus has so far and there are much bigger ones to come + +**Upcoming Catalysts:** + +Bingus is currently whitelisted on CMC, data tracking is coming soon. Listing on Blockfolio and CoinGecko are also awaiting approval + +Bingus Community is planning on auctioning off NFTs that will use the proceeds towards donations! + +**Conclusion:** + +I personally think that this project is not a quick pump and dump BSC token, but an actual token that has a use case in the world. I believe there are too many large influencers who are actively involved in the community and working with the developers for this to be a Rugpull/Honeypot. I also think there is a lot of money to be made because of how small the token is while having such big support from large influencers. Maybe the most important, Bingus has been a meme already and has great meme potential like Doge compared to these knock offs like Hoge, Boge, etc. + +I don't think this will be an overnight 10x but I think this project can easily hit +50M Market Cap within few weeks. + +Any other thoughts/critiques are welcomed in the comments. + +Thanks for reading + +**Misc Links:** + +WEBSITE : [https://bingus.finance/](https://bingus.finance/) + +PancakeSwap: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=BNB&inputCurrency=0xdA20C8a5c3B1AB48e31ba6e43f0F2830E50218D8 + +Twitter: [https://twitter.com/BingusToken](https://twitter.com/BingusToken) + +Telegram: [https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +Discord: [https://discord.com/invite/qKdZdd558F](https://discord.com/invite/qKdZdd558F) + +Chart: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +BSC Scan: [https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Locked liq (RUGPROOF): [https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=0&add=0xD4b8658E84cbd04eDa9010D46186F497b264A942&type=lplock&chain=BSC) +https://www.cnbc.com/2019/04/25/comcast-is-pondering-a-sale-of-its-minority-stake-in-hulu-to-disney.html + +This is all very bad for Netflix and very good for Disney, no? + +If a recession is coming why not do this, tame inflation and get it over with. The sooner the recession comes, the sooner we can start the recovery. It feels like hiking it little by little just prolongs an already painful process. Especially since many economist and bankers believe that the federal fund rate needs to hit at least 4 percent to even begin to bring down inflation. Why not just do a big major hike? +Have been reading multiple forums that gold ETFs,gold bonds and digital gold are better than physical gold.But per my reading: +1.Gold ETFs and MFs lose hands down when compared to gains made by physical gold in the last 5 years +Excerpt from kuvera: +ETF gained 34.83% while the MF gained 33.01%. Between the same time (19 Sep 2014 to 6 Sep 2019), the price of 22K gold went up by 51.3% (from Rs 2,525 / gm to Rs 3,820 / gm). +2.Soverign gold bonds-have liquidity concerns. +3.Digital gold(like gold on paytm)-3% immediate notational loss due to buy-sell price spread. + +With all these factors working against these so called alternatives to physical gold why do economists argue for these alternatives? Any reasons apart from security concerns and zero fucks given theories like: gold in the locker does not help the economy? + +And also if someone has an extremely bearish view on the economy,does it make sense to be bullish on gold? Gold seems to have performed extremely well in recessionary periods. +We are first-time buyers looking for a house in London and couple of offers have been rejected. Our offers were never lowball and were always based on the recent sold prices of nearby properties, condition of the property, work required to be done before moving in. Basically we offered what we felt the property was worth. Percentage wise maybe we offered 1 to 4% below the asking price on a 500000 property. +The pattern that we saw in both the rejected offers were they only entertained offers atleast 1% above the asking price. + +I always thought that as first-time buyers with no chain , with both of us in full-time employment in IT and a good deposit, we would be able to negotiate prices a bit. Doesn't look like from our last couple of experiences! + +Edit: and has anybody in London in the last few months managed to get an offer accepted, which was less than the asking price? +Two days ago, Ryan Cohen posted two tweets. The first was “Flatulence is the best icebreaker”, and the other was “Preferably on the first date to assess devotion”. It was speculated by many that it refers to low gas fees. + +GameStopNFT Wallet was just updated. The release notes are as follows: + +___ +V0.3.2 Release Notes + +Ramp Promotion + +Purchase ETH through Ramp with 0% fees for a limited time. + +Various bug fixes and security improvements + +Performance improvements and bug fixes impacting a small number of users. +___ + + +With how specific Ryan was in his two tweets, I am speculating that he was talking specifically about gas fees (or the lack there of) on launch of the iOS app and NFT Marketplace. + +After this wallet update, I believe that the Marketplace launch is imminent. GameStop will push their marketplace to the masses by covering fees when purchasing through Ramp. + +Just checking Ramp, fees for me to purchase 1 ETH is $1105.93 USD. Current market price is $1073.77 at the time of writing, meaning fees are ~$31. + +For every 1 ETH, GameStop is covering up to $31 of fees. Keep in mind fees vary depending on multiple factors, but that’s still a massive number! + +TLDR: MOASS tomorrow. NFT marketplace and iOS launch imminent 🚀🚀🚀 + +Edited for formatting. +/u/without_my_remorse you promised me negative house price growth in Sydney in January. Traditionally one of the slowest months and yet here we are. + +Sydney property has gone up another +0.6% for the month. + +This is added to the +0.3% in Dec makes it +0.9% for the two months since your comment. + +or +1.2% for Sydney houses alone. + +[Comment on house prices](https://www.reddit.com/r/AusFinance/comments/qz5z3c/the_federal_government_is_today_expected_to/hll2jz7/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf&amp;amp;context=3) + +I sure hope your bet with me on interest rates isn’t going to be wrong as well? Otherwise property is in for more growth again this year. At least my charity will be the recipient of your lovely donation 😉 + +[Interest Rate Bet](https://www.reddit.com/r/AusFinance/comments/rbdj6f/sydney_melbourne_house_prices_in_surprise_fall_at/hnrlj0r/?utm_source=share&amp;amp;utm_medium=ios_app&amp;amp;utm_name=iossmf&amp;amp;context=3) + +All in good jest 🍿 +Keep hearing we have an inventory shortage. Trying to understand how/why and why we saw a 37% increase in prices in 2 years. + +Also on the demand side. Where was the demand prior to the pandemic? + +We did not have a wildfire that wiped out millions of homes. We didn't have millions of people to decide to just buy, just because. + +I have my thoughts on this, but I'd like to know yours. + +*Little edit*: Just for background. I'm a landlord and homeowner in the south, have a duplex, fourplex, 2 SFH and a primary residence bought 3 months ago. Not much, but we're still getting started. I'm not biased one way or the other. I'm just trying to make sense of what happens next. + +I also can't help but to think a lot of the demand is 'shadow' demand brought by low interest rates and stimulus money. The interest rate is increasing - The feds #1 goal imo is to curb inflation. The free money is running out (stocks, 401ks, crypto, layoffs starting). So I can see the demand decreasing big time to pre pandemic levels. + +The supply imo was already low before covid but the Fed shows about 450k new one family homes for sale right now, the highest number in the last 10 years. Also showing 8.3 months supply of houses for sale. The highest amount in the last 10 years. + +Very odd situation. The more I think about it, the less sense it makes. I'm trying to prove to myself that prices aren't going to drop essentially, but I come up with a lot of counter arguments* +I have just started doing some savings in ETF's (85% in IWDA world index, 15% in EMIM, emerging markets index) + + +This is our situation: + +* Living in Spain +* Married couple in late thirties, two kids in school +* Will add 3000-5000 euros to the ETF's per month +* Plan to invest for at least 15 years + +Right now I have only used my account on degiro for this, but there's not that much there yet. We still have some money in a bank account that needs to be moved to ETF's. + +Should we create a degiro account for my wife, and have half of the investments there? In case on of us would pass away, that would minimize inheritance tax I think? Are there other things to consider? +Hi, + +Another n00b question here and I hope you can share your expertise and wisdom with me. So I wondering about investments in VWCE (ISIN [IE00BK5BQT80](https://www.justetf.com/en/etf-profile.html?query=IE00BK5BQT80&groupField=index&from=search&isin=IE00BK5BQT80#overview)) which is denominated in USD but it is listed in EUR in some exchanges in Europe. + +My question is: with the current weak EUR (almost on parity with USD), what is the negative/positive impacts of investments made now to buy this USD denominated ETF in EUR from one of the exchanges in Europe on the returns when in the future the EUR regain its strength (if ever) against the USD. + + +I tried to research online to educate myself but I ended up with more questions than answers and I hoped I will find my answers here. + + +Thanks in advance : ) +https://www.bbc.co.uk/news/world-us-canada-47036515 + +> The US Justice Department has filed a host of criminal charges against Chinese telecoms giant Huawei and its chief financial officer, Meng Wanzhou. + +> Among the charges are accusations of bank and wire fraud, obstruction of justice and theft of technology from US company T Mobile. + +Okay, I had another post just a little bit ago and it got automodded. It ended up being a great thing because I did more digging and this time I for sure will be hitting the 2000 word count, I'll be jacking your tits for you. + +# Lego is a Top Brand - Partnership confirmed + +*But digi, how do you know?* Just go check out the website on archive-dot-org. Notice there is now a Top Brands section on the website!!! + +[🍆💦 - seriously, omg](https://preview.redd.it/kdj6g7vyuyk71.png?width=2498&format=png&auto=webp&s=10db8b325fb8d1a2e1aa2866af46a1a2b7a1e28f) + +The sources below will show you before when there was no Top Brands and after where it is showing up: + +* 8/29: [https://web.archive.org/web/20210828023001/http://www.gamestop.com/](https://web.archive.org/web/20210828023001/http://www.gamestop.com/) +* 8/28: [https://web.archive.org/web/20210828023001/http://www.gamestop.com/](https://web.archive.org/web/20210828023001/http://www.gamestop.com/) + +Mobile view includes this new Top Brands also: [https://imgur.com/a/ZdhZjcU](https://imgur.com/a/ZdhZjcU) + +GameStop has had a "Shop by Brand" section in their menu but that is not the same. So don't let someone tell you that this was always there because that's not the same: + +[\\"Shop by Brand\\" in the menu is by console brand](https://preview.redd.it/7xxof29mwyk71.png?width=1478&format=png&auto=webp&s=e3bb7e46f2a3b0ab5d5476fd47422dcc12a39b79) + +Don't let this slip through the cracks! It's super huge confirmation that we all should be shouting from the rooftops. This change happened sometime between 8/28 and 8/29, so this is very recent. I r[ecently did a DD](https://www.reddit.com/r/Superstonk/comments/peb89d/gamestop_conference_vendorpartnership_analysis/) that talked about the partnerships coming and it seems that I was on-point with a bunch of them. I released that DD right before this change happened apparently, in my opinion, this is the best on dates I've seen! No Dates! + +**Partnerships that were confirmed:** + +* Microsoft XBOX +* Nintendo +* Sony Playstation +* Oculus +* Hasbro +* Razer +* Logitech + +**New Partnerships listed:** + +* Funko +* LEGO +* GoPro + +This now expands on my partnership DD from 18 partners to 21 partners in total. I'm letting this DD jack my tits and I think you should also. GameStop has essentially released a list of their top brands and no one really noticed. + +# tldr, LEGO confirmed as a Partner and now there is a list of Top Brands directly from GameStop + +Stay tuned for more GameStop DD from me, I'm still searching for more partnerships but this is has got me on Cloud9. Can't wait to read more about it in the financial reports coming up. + +**Word Count Rant:** I really want to make sure the word count is hit in this DD because it's such an important piece. I've seen our subs slide where DD is no longer reproducible or even really about GameStop. I want DD that I can share with people and it makes them rethink what GameStop is. I'm finding these types of data points are regularly happening but we're not always finding them because there is a flood of so much else. I'm not trying to criticize anyone's DD, I just want reproducible DD with links that give me the ability to see for myself; it's hard to just take an image and say *that works for me.* Thank you for listening to my word count rant. + +**A Crazy Idea for the Mods:** What about creating a DD template for the sub that all DD has to start from? That way we could have some standard sections like "Sources" in a known area. Maybe that also includes a "Conclusion" (tldr but more formal)? Just a thought for words. + A potential coronavirus vaccine developed by Oxford University in the U.K. has produced a strong immune response in a large, early-stage human trial + + [https://www.cnbc.com/2020/07/20/oxford-universitys-coronavirus-vaccine-shows-positive-immune-response-in-an-early-trial.html](https://www.cnbc.com/2020/07/20/oxford-universitys-coronavirus-vaccine-shows-positive-immune-response-in-an-early-trial.html) +This is the first "rate my portfolio" thread, as requested by u/eitherorlife. + +Please be patient with us as we work out the kinks, and let us know how we can improve! + +--- + +Top level comments must be highly detailed (at least 2-3 paragraphs). + +If you feel comfortable, consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +This is the first "rate my portfolio" thread, as requested by u/eitherorlife. + +Please be patient with us as we work out the kinks, and let us know how we can improve! + +--- + +Top level comments must be highly detailed (at least 2-3 paragraphs). + +If you feel comfortable, consider including the following: + +* Financial goals and investment time horizon. + +* Commentary on the reasoning behind your current and desired allocation. + +The more information you can provide, the better answers you'll get! + +Top level comments not including this information may be automatically removed. If your comment was erroneously removed, please [message modmail here](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor). + +--- + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +**I am not a financial advisor, and this is not financial advice.** + +**Only edit:** some of you have been linking me to posts saying that my prediction was just a day early. At first, I didn't think it could be true but now I think there might be some credence because we closed at .01% today and that has only happened 2 other times (went up big the next day). Nevertheless, lets sit back and watch what happens tomorrow. Even if we bounce up tomorrow, as my DD has stated, THIS IS NOT GME MOON DAY, there will be more to cum. If nothing happens this week, I will be making a huge FTD DD in the coming days/weeks. If we pop up this week, I will be making a huge FTD DD in the coming days/weeks. Gonna stay quiet for a few days probably and will be back to you soon with more information. Stay strong, apes. + +# Sad Uncle Hank + +Apes, I come to as a humbled primate but not a dead gorilla. As many of you know, it seems that my prediction will not be panning out as I thought it would. Summary of my theory: + +https://preview.redd.it/ek4sqa1vyku61.png?width=400&format=png&auto=webp&s=a2254d18809c28330661578540b1924662c6d5a9 + +However, with this, I have learned a great deal of information about GME and its price history. I've had many chats with fellow apes about FTDs, past price data, volume, etc. and I think that we are all learning a great deal of information from each other. As many of you know, my theory was simply based on the price and volume of GME. After making that prediction, many people pointed out other patterns relating to FTDs and monthly option expiries (see the bottom of my most recent post for that). After looking into it, I think that there is really something there; however, it is going to take A LOT of digging. It will not just take one ape, it will take many apes. This will not be easy. Compared to everything else in finance and investing, FTD theory/explanations/data are sparse, so this will be a herculean endeavor. Also, I just wanted to say thank you to everyone who has interacted with posts. Whether you gave me an award, gave me an upvote, commented something nice, or called me retarded, I absolutely love doing these DDs and your responses make it worth it! + +# Where are we going? + +Some of you have said that there are signs that tomorrow could actually be what I thought would happen today. Though I'd love this, don't get your hopes up. What I've learned from today is that price and volume alone cannot help predict the price of GME. Is this because GME is manipulated or stupid? Who knows. However, I think that if we do an asinine amount of digging and truly understand FTDs, we can get to the bottom of why GME spikes up and down so often on no news or fundamental changes to the company. First, I wanted to point something out. For those who don't think that trouble is afoot on GME (essentially those who think it was just a fad), no stock goes from 350 to 172 (march 10) in the matter of two hours on absolutely no news. I could give a billion other examples but that's the most glaring. Therefore, I think that we truly need to educate ourselves on FTDs and how they affect the price of GME. This will allow us to get to the bottom of what shorts are really up to and how they work. + +Everyone talks about FTDs and the FTD cycle but it also seems that no one fully understands it or how it affects us. It seems like people just say "oh look tons of FTDs = tendies." Because of this, I believe that we need to do some DEEP digging to understand this dark side of finance. + +https://preview.redd.it/69u5hgkw0lu61.png?width=1280&format=png&auto=webp&s=7213cf897d0fadcd0d80c4b68ff07c562ad10bf5 + +Why am I saying this? As I said above, the past few days have made me realize the important of FTDs because of comments/chats from other apes. I also just realized that on 2/24 when we came back from the dead (from 40ish to 90ish in an afternoon), the media said that was because of the announcement of the ousting of the CFO. Really???? A more than 100% jump in a few hours because of a CFO? What's more suspicious is that the relative calm period between that jump and the squeeze seems to like it could fit into one of the aforementioned FTD cycle periods (i.e. huge shorts during the January squeeze, cover on 2/24). To put more gas on the fire, when Cohen was announced as god of the board a few days ago, the stock went down!! What?! Tell me how that makes any sense whatsoever especially considering how much more hype and attention GME has gotten since then. I have been a huge proponent of saying that catalysts are the key to GME, and I still believe they are, but because the price of GME goes up and down massively at random times on no news, I think that there is more afoot and that FTDs are the key to understanding how the shorts are really operating. + +Therefore, I will be doing massive research on this topic (I will explain my methods below). HOWEVER, I urge all apes who are able to do this to do their own research on FTDs and shorts so that we can get a better idea of how they work and when shorts have to repay after these massive attacks. I'd urge you to start by reading this DD about FTD cycles, as it is gold: + +[https://iamnotafinancialadvisor.com/DD/GME/og/GMEv14.pdf](https://iamnotafinancialadvisor.com/DD/GME/og/GMEv14.pdf) + +Finally, though I love chatting with all of you, please only message me about FTD stuff if you have some serious, detailed research and don't think that your account is big enough for others to see it. If you have some DD and an account that can get some traction, I encourage you to post that DD so that others can see it more quickly because I will be inactive for a little (explained below). + +# So what about you, Hank? + +https://preview.redd.it/or4ov7qd1lu61.png?width=960&format=png&auto=webp&s=483602e9d9032dbdb06dcc8615922a7ea4bbfd38 + +So, apes, to fully understand the breadth of FTDs and how they affect our baby, I will be taking a sabbatical for a few days or weeks. I will be hiding in the depths of my shed eating nothing but pringles, fig newtons, flaming hot Cheetos, and gushers. I will ONLY listen to Fifth Harmony, Megan Thee Stallion, and Linkin Park. I will only use the bathroom ONCE per day. I will only drink coconut water and WD-40. Most importantly, I will be decreasing the time I talk on the phone with my wife's boyfriend from 8 hours a day to JUST 45 FUCKING MINUTES. Now that's sacrifice. Apes, When I emerge from my shed, I hope to come to you as an enlightened primate. I hope to come to you as a primate who has earned the wrinkles on his brain. I hope to come to you as + +. + +. + +. + +. + +**AN ORANGUTAN** + +https://preview.redd.it/2pnrdfx4yku61.png?width=1023&format=png&auto=webp&s=71866c738c132e133bcc72f38b977fe1c9a61ac8 + +**Godspeed apes.** + +I am not a financial advisor, this is not financial advice. Don't lock yourself in a shed and drink WD40 like me. +Just wondering when people made the decision that enough is enough. + +We’re 42 / 41... HCOL in Canada two kids... mortgage almost paid off, investments of 8m CAD and a few condo rentals... + +Have a business with 8 employees and a business partner that’s not super stressful but busy where I’m really heads down most days... days fly by and I feel too quickly as I’m very heads down for most of the day. + +Business currently brings in 2-3m a year and have a take home of about 600k. + +Trying to figure out when to really call it and be done... I feel like lifestyle creep is holding me back from true retirement... thinking of purchasing a 3-4m house as we really want to stay in our area. + +However at the same time I don’t want this to go on forever and really do want to focus more on health and just enjoying being bored for a bit... + +What makes this tricky is that you also don’t want to fully walk away from the business as it took 8 years to get to this point and would be a shame to give it up... + +Any advice would be greatly appreciated. Thanks! + +Update: wow this blew up a bit, I’ll answer all the posts tonight once kids are off to bed :) +This and the many Christmas to come it will just be me alone and I cannot be happier. + +I just put my Christmas decorations up. It may just be fairy lights and some tinsel on my houseplant but I feel well chuffed. + +I may not be able to afford a tree or much else but I'm happy. Here's to no more homeless in 2020 or ever again. +I think hedgefunds finally realized this is their losing battle. In teaming up with Fidelity to create 12 million extra shares for them to short, I bet they gobbled up all 12 million, and have been using that with any new shares available in the past weeks to drop the price from $250 to $140, as a final “Hail Mary” attempt to minimize their loses. Once hedgefunds see apes buying up the shares, and DRSing them, hedgefunds will all out blitz and fight one another to cover first. This drop shouldn’t faze you, it does not faze me. I’ve seen this happed for the fourth time now. + +💎🙌🦍 buy, hold, HODL, DRS, buckle up. Just know you are not the only one buying. I buy shares weekly, and with payday coming this Wednesday, I will buy more. + +Happy Holidays RC, DFV, apes 🚀🚀 +Young 30’s / married, no kids / combined \~700k per yr on the rise + +Assume for a minute you worked for about a decade at a tech company amassing \~3M (thanks AAPL!) in stock after never selling, representing \~80% of your NW. The 20% remainder comprised of primary residence, 401k/personal brokerage, and a limited, but growing amount of RSU’s in yet another tech company. I feel both stupid and lucky for letting it all ride considering the stock growth in hindsight, but now I’m looking ahead. + +If you were looking to FATFire in 5-10yrs (NW target TBD, but >6M) would you sell and take the hit to diversify into index funds? Or continue to build diversity in new investments? I’ve also been exploring taking a sabbatical year, which could allow me to realize the 15% cap gains level. +Sorry ahead of time if all over the place. + +I am in the Tampa market. My business is in imports and distribution. I have been in a 12K sq ft warehouse for the last 6 years. Current rent is around 6,500 a month. I carry inventory so I have anywhere from 400-900K in paid for inventory at any given time. I usually net around 200-300K a year and roll most of it back into inventory and growth. FINALLY this year my net profit should break 1M. As of this moment I have more cash than I can spend. Currently Have about 950K in the bank and generating 150-250K net per month (market is currently volatile so no idea if I can keep this up). I have have a 500K LOC that isn't touched and about 700K in paid for inventory as of now. + +The size of my building needs to be 15-25K sq ft. +I am currently paying 78K a year in rent. +I have looked at loopnet listings for the last few years just for fun. Cost is going to be 1.2-2.5M. +Even though I have extra funds now, I plan to use those funds for new products in the future. + +What should I be looking at considering my current situation? +So before the pandemic, my sister in law and husband decided to move to Melbourne, still young they want to travel understandably, but just as a general advice i would mention saving a little for a deposit. + +Her husband mentions to me they don't want to go that direction, they want to keep renting as he directed me to a podcast that talked about how Renting is the new movement of the next generation, their way being free from debt and there is no point buying as you don't own your land because you're still paying council rates etc. I never liked the idea of renting but I listened and just let it be. + +Now I hear they are coming back to Sydney to live with my mother in law for a year to save up for a deposit for a home. +You think it's possible to get a deposit within a year? And how do you think the people in the rent for life community is handling the situation today? +I'm not entirely sure how many of you even heard of graphene - some of you may have known about it for a decade! I personally didn't even know what it was until ~2 months ago. It blew my mind. I did a fair amount of research since then and I am convinced that real progress is finally being made on graphene. It's not simply stuck in the lab anymore - it's actually being actively used in various applications. + +To break it up for all of you unaware of it - graphene is basically a 2D form of graphite. It's a single layer of atoms arranged in a "honeycomb" structure - which results in graphene: + + +* Extremely strong - 200x stronger than steel (cars, roads, space tech). + + +* Super flexible - bends/stretches to ~120% of its size (coatings, wearable tech, biotech). + + +* Superior electrical conductivity - 1000x capacity of copper (longer battery life, super fast charging, etc). + + + +I could give you tons of examples of where graphene could be used - for example it could range from clothing (already exists), armor (already exists), superior water filtering - you could literally drink from a sewer and be fine as hydrogen atoms cannot pass it, insane batteries (already exist - look up SKELETON TECHNOLOGIES - Tesla may very well buy them out; hopefully they launch their IPO prior to this; we also already have crazy battery packs - 10x faster than traditional battery packs), roads - one of the main companies which may utilize this future tech is "Directa Plus", there are several companies which already have graphene face masks, we may also have graphene bio sensors, superior speakers/headphones, golf balls, tennis rackets, cars (already exist - look up Haydale graphene car project), vast potential for electronics - MSI just recently used graphene on a backplate for 3080; this is just the start. + +Now all of this sounds mind blowingly good so what's the catch? The cost. As you may know everyone cares about cost - not so much about the negative impact on the environment - but this is slowly starting to change and companies are shifting towards more sustainable ways of doing business to protect the environment. Now that being said as well - there's multiple companies, universities and other entities continuously working on decreasing the cost of graphene and trying to produce it on a huge scale. EU spent 1 billion euros on graphene research. Samsung, Apple, Ford and various other companies are also working on graphene research. Versarien (UK based company) recently got 1.95M development deal with MOD. + +In my opinion this is by far the best, wisest investment that you can ever make in your life. Graphene is currently in early stages and we are the lucky ones to know about it and make the most of it (in my opinion). A YouTuber called "B.A.B.Y. - Investment Ideas & Stock Analysis" covers graphene very well - he speaks about various companies as well as uses of graphene. You should as always - do your own research of course and not listen to "some random guys on the internet". + + +**I have personally invested in:** + + +*Applied Graphene Materials (AGM)* + +*Directa Plus (DCTA)* + +*Haydale Graphene Industries (HAYD)* + +*Versarien (VRS)* +Our favorite German ape, u/DerGurkenraspler, seems to be out (bravo on that marathon series of updates yesterday!) so let's watch the German market together while we wait for early US pre-market to open! + +&nbsp; + +- 115 minutes in: **$229.75** (final update, US pre-market is about to open!) + +- 110 minutes in: $229.54 + +- 105 minutes in: $229.66 + +- 100 minutes in: $229.69 + +- 95 minutes in: $230.67 + +- 90 minutes in: $231.77 + +- 85 minutes in: $230.33 + +- 80 minutes in: $230.33 + +- 75 minutes in: $230.30 + +- 70 minutes in: $230.33 + +- 65 minutes in: $230.06 + +- 60 minutes in: $230.06 + +- 55 minutes in: $230.06 + +- 50 minutes in: $229.54 + +- 45 minutes in: $229.54 + +- 40 minutes in: $229.54 + +- 35 minutes in: $229.57 + +&nbsp; + +FAQ: To generate this data, I'm viewing current prices in Euros at https://www.ls-tc.de/de/aktie/gamestop-aktie and putting them through a currency converter to USD. Today's EUR -> USD conversion ratio is 1.22353943. + +I'm not trying to take over this tradition, just keep it going for fun. +Summary of article from yesterday (not linking it sorry, screw 'em) titled: "**BlackRock’s chief strategist for Canada on how to position your portfolio for the tougher investment days to come**" + +\- admits to "*higher inflation environment emerging*" over the next several years + +\- "*we have to find other solutions*" instead of "*holding cash or government bonds*" + +\- over the next year Blackrock is "*reducing our exposure to government bonds even more*" + +\- "*migrating our geographic preferences to regions of the world ... where growth momemtum is pickup up. For example,* ***Europe and Japan***" + +\- "*We would very much* ***push back against the idea that investors are going to continue to receive returns*** *in their stock portfolio that they received in the recent past, and* ***even in the past decade***\*.\*" + +\- "*Part of the struggle is needing to be more active within the bond market, to be making decisions about where to have exposure. This requires quite a bit more due diligence than the kind of set-it-and-forget-it approach that investors used from the early 1980s to, basically, now*." + +&#x200B; + +In other related Blackrock news; + +\- Blackrock raised over $250m for renewable power generation, energy storage solutions, electrified transportation services and other climate finance in Asia, Latin America, and Africa. This is on the crest of SEC and POTUS pushing Green Energy funding. + +\- "*Asset manager BlackRock this week* ***downgraded US stocks to neutral*** *and opined that the reopening trade was largely played out in the domestic markets. Thus, in its view, the growth from the economic revival was peaking.*" + +&#x200B; + +TL/DR; **Blackrock is again openly hinting at rising inflation, that the Fed is useless, that recent market returns are going to drop off severely, that holding cash/bonds is a bad idea, and that moving into Europe/Japan/Africa/Asia/Latin America (basically anywhere other than U.S.) is a good idea.** + +**Their plan to gtfo of the US after shit goes down is going swimmingly as they use clean energy project pitches (and support from POTUS/everyone) to suck up gov funding for offshore industries it already has a monopoly in, and as they continue to invest heavily in Europe/Japan especially.** + +&#x200B; + +EDIT: This post is about Blackrock in Canada and not about Blackrock U.S., which iirc is essentially doing the opposite by scooping up all available real estate assets in order to basically turn America into Blade Runner. Sorry for any confusion, apes. I'm referencing Canadian articles only. +Following this discussion: + +https://www.reddit.com/r/investing/comments/64q201/united_airlines_stock_down_over_5_premarket/dg4e7cm/ + +The general consensus was: Always bet against the angry lynch mob. Their emotional rage dies out within a month, the fundamentals don't. + +This was the highest rated comment by /u/rationalcomment + +So I decided to look into it as this was not the first time I had heard about this phenomenon and it definitely goes against my natural instincts- apparently, companies with sound “fundamentals” always bounce back and often have incredible gains after about 4 weeks following an incident that sparks public outrage. + +And this is how the UAL STOCK BEHAVED + +On April 13/2017 UAL closed @ $69.07, with a farther dip to $67.75 after the CEO defended his employees with his “re-accommodating” comment and everyone grabbed an extra pitch fork- this translated to a drop of about 5% from its April 10/2017 closing . + +May 12 2017, or about 4 weeks after the incident, UAL closed at $76.41 which is almost a 13% gain since the dip. +https://finance.yahoo.com/quote/UAL?p=UAL + +In summer 2009, UAL had an incident with a Canadian musician and his guitar, and there was a dip and bounce in the following 4 weeks. The [video](https://www.youtube.com/watch?v=5YGc4zOqozo) was released on July 6 2009. UAL opened at $3.31 on 6 July 2009, dipped to an intra-day low $3.07 (-7.25%) on 10 July 2009 but traded as high as $6.00 (+81.27%) four weeks later + +Interestingly, this phenomenon checks out on both occasions given the PR disasters-but how and why is this possible? + + Lets compare it to a similarly sized company in the industry such as Southwest LUV. + +NB. I use fleet size when evaluating an airline's size. There are other metrics such as passengers carried, destinations, assets etc but for an airline business, to quite one of my profs, “it only makes you money when the plane is in the air; when it’s on the ground, it is costing you money”-this is a very simple way of looking at the big picture but I can qualify it in more detail. UAL has 738 to LUV’s 727 + +Since April 10/2017 to May 12 2017 LUV has had a 6% gain while UAL has had 11% gain in the last 4 weeks.However, looking back to the beginning of the year, UAL has had modest gains of about 5% ($72.71-$76.41 YTD) while LUV has had about a 14.5%($49.98-$57.22YTD) gain in the same time period. +If you are just looking at the last 4 weeks, UAL performance is quite impressive and this what the proponents of the phenomenon are reporting. Remember, they reported an 81.27% upside in 2009 after 4 weeks of that video being released? + +Lets look at some historical trends beginning with just before that video was released in 2009 +4 weeks before the video was released, UAL opened at $4.99 i.e. Jun 8 2009 while LUV opened at $6.91. Both saw a slide in their share price UAL-33.6% & LUV -6.3% i.e. $3.31, $6.47 respectively. + +It would be interesting to see how the two compare if LUV had suffered a 33.6% loss i.e $6.91+33%=$4.58 + +Had both these companies suffered a 33% slide, LUV would be starting its recovery at $4.58 while UAL starts at $3.31/ The quote on wikipedia says UAL traded as high as $6.00 (+81.27%) four weeks later and presents this as evidence to this phenomenon. + +Now lets see what happens when we apply an 81.27% upside to LUV i,e, $4.58+81.27%=$8.30 + +On Aug 6 2009, LUV actually had am intra day high of $9.19 and closed at $9.15 or 100.6% upside. This is how proponents of this phenomenon would have presented their material had this exact same incident had been with LUV. + +Without the fictitious event, LUV had a 42% upside in the period outlined + +What proponents of this phenomenon conveniently fail to mention is that the stock had been trending downwards to this point for other unrelated reasons. But the video certainly didn’t help. + +Now, it is difficult to determine how much of 82% was part of a general recovery industry wide (AAL 19%, DEL 10%, LUV 42%), or a reaction to rumours of a merger? -United was in active negotiations with Continental at this point and a merger was signed in [May 2010.](http://www.nytimes.com/2010/05/03/business/03merger.html) + +On close Friday, UAL was up 12.78% from its low of $67.75 during the bad press in early April. The week before this incident, UAL, on average, traded at about $70.60. Given this as the starting point and adding 11%, UAL, would be closing at about $79.62. This lag is compounded when you consider there was a 10% dip previously due to another unforced error in 2009. + +And there is no way of determining how much more United had to pay for Continental shares given that this initial scandal happened so close to coming to an agreement g-this was an all-stock-deal worth about $3bn. + +In their latest scandal, UAL has had to revise their overbooking policy, which made airlines a lot of money and made it very generous to try and kill the bad press. Delta is now offering up to $10k for an overbooking error which is way above industry standards and govts are looking to introduce legislation on this practise. I'm not convinced the company has realized all its losses from a 13% gain in 4 weeks but I maybe wrong. However,a big part of the airline business fundamentals, is customer service, and while I'm not part of the lynch mob, I'm not willing to bet against them. + +tl;dr- [This quote on wikipedia]( https://en.wikipedia.org/wiki/United_Breaks_Guitars#Stock_price_effect) on the stock price effect, is somewhat misleading as it suggests that losses following bad publicity are usually recovered within 4 weeks. The quote uses the UAL broken guitar incident in 2009 that purportedly had more than an 80% upside within 4 weeks. In fact, anyone who bought this stock a year prior, i.e mid August 2008,(UAL $10.22) to this event, was still down more than 40% in mid August 2009 (UAL $6.38) despite the surge. Bad press does affect the stock price negatively, and does remain depressed relatively beyond the purported 4 week threshold. + + +&#x200B; + +[Banner submission by u\/CHMan\_Prive](https://preview.redd.it/h7q36fgdf8x61.png?width=1920&format=png&auto=webp&s=e91bc24c211f1077bd084b9ebd3361e75e3f83a5) + +# Good Morning Superstonk!!! + +&#x200B; + +**HAPPY CINCO DE MAYO!🎉🎉 This is the güey 🚀🚀** + +# + +# [It's AMA day today!!](https://youtu.be/AYct0XX0uTU) Don't forget to tune in at 3pm Eastern for Dave Lauer and u/Jsmar18! + +&#x200B; + +# CHEERS TO 250,000 MEMBERS!! 🎉🍾🥂🚀🚀🚀 + +&#x200B; + +[He said HODL](https://preview.redd.it/py4lvuwgf8x61.png?width=840&format=png&auto=webp&s=1ab6d670da4ef69e007e142f297749f1966b67b6) + +# [HYPEHYPEHYPEHYPEHYPEHYPEHYPEHYPE](https://www.reddit.com/r/Superstonk/comments/mzya83/me_n_the_boys_vibin_to_this_every_time_gme_spikes/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 Breaking News 🚨[SEC has no objections to NSCC-801](https://www.sec.gov/rules/sro/nscc-an.htm#SR-NSCC-2021-801) + +All we are waiting for now is NSCC-002, which should go into effect no later than 5/8 (5/7 because of the weekend). + +What does that mean? + +It means theoretically 002 could go into effect as soon as today, but I wouldn't plan on it. + +But soon moon 🚀🚀🌝 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 📢More on today's Big Wrinkly Brain AMA with Dave Lauer and u/Jsmar18, intro by u/Bye_Triangle + +**Here we go Apes... It's time for some big-brained learning** + +&#x200B; + +[Big brain time 🧠](https://preview.redd.it/fbib424lf8x61.png?width=880&format=png&auto=webp&s=db2c89c91134dd77319a1d58d3cdaf57c1486a15) + +If you don't already know, we have a very exciting guest with us today, [David Lauer](https://www.youtube.com/watch?v=itxbyXO67XY) is joining us for our second edition of [r/SuperStonk Live](https://www.youtube.com/channel/UCI4EET9NJPWxUuXGlG6fxPA). If you aren't familiar with David Lauer here is a quick rundown: + +David Lauer used to build the very High-Frequency Trading systems used everywhere in the markets today. If anyone knows the ins and outs of these low latency trading systems, it's this guy. Following his time building these systems he went on to be the one to operate them. + +Lauer took on the role of High-Frequency Trader at none other than Citadel. (Obviously, he will not be on to talk about any sensitive information, please keep that in mind). Following his tenure with Citadel, he went on to another company, Allston Trading where he also worked as a High-Frequency Trader. So there is no question that his experience in this field will provide us with some very valuable insight. After a bit more than a year of High-Frequency Trading, Lauer had the life-changing realization that HFT systems do more harm than good to our capital markets. + +Since then, he has worked tirelessly to help improve the situation, even testifying before the US Senate. So, if there was any doubt, this guy is on the same side as us. That is to say, we share a common goal, improvement in the quality of our markets. David Lauer currently has a seat on the FINRA Market Regulation Committee and on the founding editorial board of the Journal of AI and Ethics. + +**So, now that you are caught up... ARE YOU AS HYPED AS I AM?! We are going to earn so many real wrinkles today, my fellow apes, The only thing the hedgies hate more than us buying and holding, is us Buying, Holding, and Learning. No more can they call us "Dumb Money".** + +# So, without further delay, [Here is the link to the AMA](https://youtu.be/AYct0XX0uTU)!!! + +# It starts at 3:00 pm eastern time, just like the last one. So set your alarms folks. Also, Pink had the genius idea to include a timezone converter last time so here is [that](https://www.thetimezoneconverter.com/) because timezones are confusing 😵😵 + +# Back to you, u/PinkCatsOnAcid! 🦄🐱‍🚀 + +&#x200B; + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Heckin low volume yesterday + +If liquidity isn't an issue, then why was volume as low as the 100s yesterday? (Yes, 3 digits) [Some level 2 data even showing 1 min candles with literally 0 volume.](https://www.reddit.com/r/Superstonk/comments/n4t1mb/we_just_had_two_1_min_candles_with_0_volume_in/?utm_source=share&utm_medium=web2x&context=3) I saw it said that it's like waiting for the last few kernels of popcorn to pop before enjoying your snack. 🍿 Everyone knows people around the world are buying and not selling because Gamestop is an awesome company with a bright future. Man I love this stock!!! 💎💅🚀🐱‍🚀 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🚨 BANK OF AMERICA HEDGE FUND SELLING AT EXTREME LEVELS 🚨 This is not a drill!! Main Stream Media is reporting! + +&#x200B; + +[Why collect so much cash, BofA? Is for me? 👉👈](https://preview.redd.it/5yu2qh6of8x61.png?width=3807&format=png&auto=webp&s=415d660a29c1bf4dc2edd2dfd56d3b5e90e596f2) + +Don't get too excited about all the sudden influx of cash though. It's probably headed to [the Cayman Islands](https://www.reddit.com/r/Superstonk/comments/n4sbhz/omg_wtf_did_shitadel_register_something_in_the/?utm_source=share&utm_medium=web2x&context=3) or [tied up in a divorce.](https://www.reddit.com/r/Superstonk/comments/n487aq/in_relation_to_bill_gates_getting_divorced/?utm_source=share&utm_medium=web2x&context=3) 🤷‍♀️ (<<<Total speculation) + +Basically Bank of America Hedge Fund liquidated everything in their holdings that wasn't Real Estate or Health Care. + +[**Here is a free Bloomberg article that (kinda) explains**](https://www.bloomberg.com/news/articles/2021-05-04/stock-winners-fall-in-latest-selloff-sparked-by-inflation-fears)**.** + +What does this have to do with GME? Ooooh IDK... + +# Maybe because BofA Securities is one of the clearing brokers for Citadel + +[Look at all the canaries in this coalmine! ](https://preview.redd.it/dug57v8wo8x61.png?width=711&format=png&auto=webp&s=562323da95cfa2a511909364e2acacda9bdda709) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# The Russel 2000 is Bleeding + +[The whole Russel 2000 index was red yesterday](https://preview.redd.it/fiixklfvn8x61.png?width=1011&format=png&auto=webp&s=058ba9184df4d024e3d21d0e8f9824e8913233af) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Who wants to beat the NASDAQ High Score? + +# ⬆️⬆️⬇️⬇️⬅️➡️⬅️➡️🅱️🅰️▶️ + +&#x200B; + +**Apparently the highest number the NASDAQ can currently handle is $429,496.7295** + +&#x200B; + +# 🕹🎮NASDAQ HIGH SCORE 🕹🎮 + +|Score|Ticker|Date| +|:-|:-|:-| +|**$429,496.7295**|TBD|?| +|**$421,000**|BRK.A|05-04-2021| + +420k 😛 + +&#x200B; + +[New high score, anyone?](https://preview.redd.it/k6zbwil0g8x61.png?width=816&format=png&auto=webp&s=e31e3b26cbaf1a4b176715ee5f7970d2fc329273) + +It appears the NASDAQ is upgrading (to accommodate more zeroes presumably **\[̲̅$̲̅(̲̅ ͡° ͜ʖ ͡°̲̅)̲̅$̲̅\]** ) and should be done by the end of the month. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# [We own the float](https://www.reddit.com/r/Superstonk/comments/n4uw04/my_phone_call_with_fidelity_500k_transfers_from/?utm_source=share&utm_medium=web2x&context=3) 💯+ + +&#x200B; + +**SAY IT 1 MORE TIME 📢** + +&#x200B; + +# [Retail Owns the Float](https://www.reddit.com/r/Superstonk/comments/n4lwj2/andy_lee_says_brokers_in_asia_are_unable_to/?utm_source=share&utm_medium=web2x&context=3) 💯+ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VIP (Very Important Post) from Dennis Kelleher himself- A must read before this Thursday's hearing + +# [Read the post here](https://www.reddit.com/r/Superstonk/comments/n4z0ln/releasing_short_selling_fact_sheet_early_just_for/?utm_source=share&utm_medium=web2x&context=3)and give @ BetterMarkets a follow on Twitter! + +**Dont Forget This Thursday: The US House Committee on Financial Services Hearing Date set for Thursday May 6, 2021 at 12:00 EasternTitle: Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide, Part III** + +**The Financial Services committee announced they will be holding** [**Part 3 of their Gamestop hearings**](https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=407748) **this Thursday.** + +Witnesses include DTCC, FINRA, and Gary Gensler (SEC). + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# DON'T FORGET TO VOTE! + +[For the sake of space, I will just link the daily DD from yesterday and encourage you to read up and get proactive if you have not yet received your control number and voted!](https://www.reddit.com/r/Superstonk/comments/n4l233/tuesday_superstonk_daily_dd_05042021_surprise/?utm_source=share&utm_medium=web2x&context=3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Good Vibes from Pink Cat ☮✌💖🚀🌝🐈 + +I really do love each and every one of you apes. I want you to take care of yourselves on this trip in our favorite rocketship. Take your protein pills and put your helmet on.🐱‍🚀 + +**Don't gamble more than you can afford to lose. Make sure GME isn't your life plan. Eat as healthy as you can afford. Drink lots of water. Get a little sunshine every day. Hug your family, your pets, or your GME extra tight every day. And make love, not war. ✌💖🦄🐈** + +&#x200B; + +https://preview.redd.it/pzai3154g8x61.png?width=554&format=png&auto=webp&s=9be88ef00dd0b67dc015f38769291fe7da2430cd + +**Be excellent to each other!!!** + +Be friendly, help others! + +We are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +**Ape don't fight ape, apes help other apes.** + +**This helps us weed out the shills really fast, because if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +We don't care, just be nice and lets make this community as Excellent as we can. + +&#x200B; + +[Toot Toot MotherFUDers!](https://preview.redd.it/utoxdrn5g8x61.jpg?width=513&format=pjpg&auto=webp&s=6106be6beefda38a9221912db5171266c1ae3bf4) + +# By the way, Reddit was down yesterday. Just like it was on January 27. And in February. And March....... + +# In the event of another Reddit blackout, please follow our socials on Twitter and don't forget the Superstonk Live YouTube + +&#x200B; + +[https://twitter.com/PinkCatsOnAcid](https://twitter.com/PinkCatsOnAcid) + +[https://twitter.com/RedChessQueen99](https://twitter.com/RedChessQueen99) + +&#x200B; + +**Please note we do not have a Superstonk discord at this time!** +I have $160k I want to invest, I want an aggressive monthly dividend payout, any recommendations? What is your top picks or your portfolio looking like? +As of Friday, April 16th, 2021, the interest rate on our Savings Plus Account will change from 1.50% to 1.25%*; as of Wednesday, May 26th, 2021, the interest rates on our TFSA Savings Account and RSP Savings Account will change from 2.30% to 1.25%.* + +Excerpt from my email. +I tried to keep this to myself but i know you know who you are, with your nose ring shitty leg tattoo and a big 2100 dollars on robin hood. I just wanna say fuck you, wear a mask, stop picking your fucking nose in public and keep your shoes on.... i hope ur dick falls off + I’ve recently been doing digging after hearing from an Ape that a corporate lawyer he knows told him that a HF's client's contract can become null and void if the client believes the HF managing their funds will be investigated (meaning clients can request withdrawal of their money, and although the process takes time, it could be opening the door to early withdrawals). This would explain why Citadel came out of the rabbit hole with all the tweets and threats of litigation for flying banners. + +I couldn't verify this information myself, as not all contracts are the same, but I took a few law classes in the past, and I know that a contract becomes null and void when one party is engaging in criminal acts under the contract. + +In this instance, there could be a clause in the contract that allows the investor the right to get back his funds (declare the contract null and void) if he/she has reason to believe the HF in question is under criminal investigation. + +However, Ape u/87CSD said something that I wanted to highlight: + +A larger excerpt of his comment: + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +"Contract specialist here... + +Contracts can be found to be  completely null and void for a few reasons. Examples - It is not enforceable, or within it there's a mistake, misrepresentation, or fraud (i'll get to this in a second), OR if one party had undue influence or experienced duress vs the other party, or if one party was not legally fit to form a contract aka lacked capacity (underage, not mentally fit). + +Back to the fraud part above - This would only be applicable if the HF and client's contract explicitly state that the HF was going to make the client money by commuting a particular fraud (ie Ima make you $10mill this year by creating a fake company to bilk others out of money) OR if in the case of shitadel they are found to have been conducting fraudulent activities which is most likely the case, BUT... It would have to be proven in court. These clients can't just be like "Well I saw an airplane banner or superstonk said you're a crook Kenny! I'm out". It's not that easy (yet) and could easily get messy considering Ken seems to be threatening to sue anyone and everyone for anything lately. + +OK so Ken's clients can't just pull their money out so easily yet, so what other options do they have if they want his money before he ends up in jail and loses every penny to us apes? + +Exit clauses within a legally binding contract. It all depends on the wording within the contract in regards to exit clauses or terms / lengths. There's most likely several different clauses within their contracts to allow for the SHF (Ken) and the client to part ways. Examples - there may be a certain time frame notice required to leave (with or without penalty), there may be a mutually beneficial clause (if both agree it's in both their best interest to cut ties), there may be a performance clause (where if you don't make me $x or don't at least track with the Dow, I can leave), etc. + +So what clauses are most likely to exist in these contracts? **It would all depend on the relationship between Ken and these clients - who has the bargaining power? If it's a fucking massive whale with billions? Most likely them. If Ken wants their money badly enough he'll allow for any # of client exit clauses (still most likely will have some time element in there though (ie 30 days notice).** If it's a small fish with a couple milly, most likely Ken. He'll be able to lock these people in for as long as he wants." + +\----------------------------------------------------------------------------------------------------------------------------------------------------- + +The part in bold made me think. Look at all the attention we've brought against Citadel recently: + +https://preview.redd.it/u871v51qlvq71.jpg?width=1079&format=pjpg&auto=webp&s=d23630a73dc3fc9e627f82efc61a7d4a5ba71f1e + +Reports of SEC investigations into Citadel, #1 trending on social media, plane banners with "Citadel Scandal" written on them flying around the SEC building, Kenny perjuring himself in front of Congress, with all those representatives being alerted by Apes. + +Imagine you were a wealthy aristocrat with a billion or two, or even a few hundred million in Citadel Securities, and you're seeing a massive movement exposing corruption against Citadel trending worldwide? You might also look into recent Citadel activity and see how overleveraged and close to bankruptcy Citadel is when they get margin called and liquidated like Melvin. What would you do? Well, you'd probably start acting a little like the investors at Evergrande wanting their money back before the ship sinks, wouldn't you? + +And if Kenny boy really wanted your money in the past, so much so that he left you a bunch of exit clauses in the contract, as the contract specialist Ape mentioned, well, it would be relatively easy to pull out your $500 million or $1 billion or so, especially since you have the money to hire the lawyers to do so. + +You get a few of those guys pulling out, what happens? Kenny loses collateral on the other side, too. So, not only is he getting fucked with DRS, but now his own investors are pulling out and he's losing the leverage required to continue to create synthetics and sustain his short positions. + +This could very well explain why he's panicking, and now, 9 months since Citadel last tweeted, they're bombarding their Twitter with tweets all of a sudden. + +This is also a sign that people want out. If everything was normal over there, they wouldn't have been making 7 tweets in 10 minutes, deflecting blame, and taking the time to have lawyers write letters threatening to sue Apes. + +It looks to me that people are jumping the sinking ship, and with the float getting closer and closer to getting locked up via ComputerShare, along with these recent revelations, it's safe to say that shit is getting real spicy going forward. + +TL;DR: Some whales with lenient exit clauses in their contracts may be pulling out of Citadel, and now Kenny is panicking like you've never seen before, losing money from not just Apes, but some of his own whale investors that are coming to realize they don't want to be known as the blokes that lost their investments to a criminal hedge fund that sunk into insolvency. + +TA;DR: Hedgies = mega fucked. Stinky banana getting shoved through both holes of Hedgie. Hedgie can't cope. +I'm curious whether you plan on leaving a trust for your children/grandchildren, just enough to get them through their educational years and into their own careers, teach them the family business, nothing at all, etc? I'd love to hear some of your plans! +I am currently thinking of purchasing life insurance, just a reasonable policy, something for the wife to have in case something happens, we just had a daughter and bought a house, took on some debt, and I want to make sure there is something there if something happens. My broker is pushing this “whole life” policy... he is talking up how great it is. I don’t really understand it, and I’ve heard from friends in the business that it’s a rip off. Can someone explain this to me in layman’s? +I just don't understand how profoundly ignorant this has all become. This must infuriate economists to a degree, to have the same myths perpetuated again and again, and thinking that restricting imports is the answer. +Playing around with the sim, I see you can set a stop loss so you only lose a tiny amount like $0.3 or so or a few dollars. Is this not a fool proof way to minimise losses, what is it I'm not understanding about stops, why do I see traders making huge losses if stops are available? +Asking on behalf of a friend based in Sweden: + +The employer by default puts about 5% of gross salary in a pension account which is on top of the standard national pension contribution. The employee has full control over how the money is invested (funds, equities, bonds etc). So basically the said pension account is opened with a known broker in Sweden (Avanza) and the employee can choose what to do with the money except withdraw it. + +&#x200B; + +Since its a pension account, the entire gross amount is added to the account and it is taxed only upon withdrawal at the retirement age. The earliest they can start withdrawing is at the age of 55. The employee also has a choice to convert it into salary instead and get it as a net amount now. + +What would you do and why? Keep the higher gross amount in a pension account or settle for a lower net amount as part of the salary. + +Some additional information: + +\-Either way, pension account or not, they plan to invest the money in an index fund. The question is which of the two options make more financial sense. +Hi, I am a junior+ React-Native dev, hoping to get a job in Germany in 2-3 years. The problem is my stutter. I can have giant speech blocks during conversations (2-3s). I have managed handling them in my native language by replacing words and with other technics. But when I speak English it gets much worse due to anxiety. Do you think I still can have a chance of relocation? Or maybe you know some examples. Will my stutter be a big problem? Will be glad to hear your opinions. +**I have been asked this question a lot in the AMA's I have posted. I wanted to expand on the question a bit below. Let me know if you want me to expand on anything else! Thanks! - mep42** + +Does someone who wants to achieve fatFIRE need a wealth manager? + +The simple answer is no. The long answer is maybe. + +As a member of the fatFIRE community, you have already taken the reins on managing your wealth and planning for the future. For some, the idea of hiring a wealth manager seems excessive, too expensive, and simply not needed. For others, a wealth manager can bring assistance in the areas that you might not be as familiar with or simply give you a second set of eyes on your plans. Achieving fatFIRE can be a very straight forward process, but each person is different. Below, I have highlighted offerings that a wealth manager might offer and additional comments on what to look out for. + +1. Anyone you work with needs to build a plan around YOUR goals. + +a. Financial Goals + +i. Risk + Return Expectations + +ii. Accounts Structures - Trust / Estate + +iii. Philanthropic Goals + +iv. Future Generations + +b. Personal Goals + +i. Your vision of wealth + +ii. Confidentiality + +iii. Comfort + +2. Provide a framework to understand your financial life as it is today. + +a. What is your current risk profile? + +i. What does your asset allocation look like today? + +ii. Are you taking to much risk or not enough? + +b. What are your liquidity needs, how does your income effect asset allocation decisions? + +c. Tax situation + +d. What are your assets, liabilities, and current financial holdings? + +3. Build a plan for the future. + +a. Goal Setting + +b. Liquidity management to maintain your lifestyle. + +c. Risk Management – Will you hit your financial goals without taking excessive risk? + +d. Portfolio Construction + Implementation + +i. Implementation costs for the portfolio + +ii. Investment vehicles (Single name, ETF, MF) – internal fund fees + +iii. Best practice for asset class implantation ex. Bond funds or individual bonds + +e. Rebalancing + +i. Active management provides the ability to keep portfolio risk + return expectations in line to meet your goals. + +f. Tax Management + +i. Income + Estate tax planning + +ii. Tax-efficient + tax advantaged vehicles + +iii. Gain deferrals, tax-lot management, wash-sale avoidance + +g. Private Markets (Equity, Debt, Real Estate, etc) + +Above is the core attributes of what a wealth manager can offer their client. There will be differences and similarities and all these items can be different depending on the managers expertise. Regardless of what path you chose to take on your fatFIRE journey, there are a few things everyone should ask a financial advisor. + +1. Are you a fiduciary? I would only use an advisor who is a fiduciary. +2. How are you compensated? I would only use a “fee-only” advisor. +3. Have you ever received any disciplinary actions from the SEC? + +a. Review their form ADV from the SEC. [https://adviserinfo.sec.gov/](https://adviserinfo.sec.gov/) + +There are a plethora of reasons someone choses to higher and advisor, ultimately you need to evaluate if it makes sense for yourself. At the end of the day, the biggest reason most choose to hire a financial advisor is peace of mind. The client knows that there is a layer of protection between their portfolio and markets, their own emotion driven decisions, and an experienced team focused on meeting their goals. +My friend, who is a Korean looking to stay in the states (San Francisco) for about 6 months due to her employment, had contacted a supposed homestay host through a homestayfinder.com advertisement. They exchanged contact through email and she eventually paid roughly $1700 USD to a Bank of America account and roughly another $450 for "move in fee" and "rental insurance" only to have all contact cut off yesterday. + +I know these situations are basically "sucks for you, learn from it and try not to get swindled again" but I was wondering if there was anything she could possibly do to try to get some, if not all, of her money back. If we were in the states, we could probably report it to the police or something, but as we are currently overseas, not much can be done... + +She is arriving in San Francisco in 1-2 days though. + +If additional information is needed please inform me and I will try to get it right away. + +Any help would be greatly appreciated. Thank you in advance. +I normally wouldn’t expect fud from my wife. I told her, “these apes are my real life friends”. Seriously though, the people on this sub are incredible and delight me everyday. Yeah I’m on my phone a lot but I’ve learned more these past six months than probably the past six years. Hopefully one day some of you will be my “real life” friends because we do have a lot in common. 🚀🚀🚀🚀🚀💎🙌🏼 +SOMETHING is going on + +Not sure what. Not sure if these 2 items are related. + +A) Susquehanna (one of the largest short sellers of GME shares) is looking to sell $500 million of its Tik Tok stake + +[https://www.bloombergquint.com/business/top-bytedance-investor-is-said-to-weigh-500-million-stake-sale](https://www.bloombergquint.com/business/top-bytedance-investor-is-said-to-weigh-500-million-stake-sale) + +a) Tik Tok is being valued in $250 billion to $370 billion range + +b) Susquehanna owns 15% of Tik Tok. That's $37 billion to $55 billion + +c) If you want to know how Susquehanna got 15% of Tik Tok -> [https://www.inquirer.com/business/tiktok-susquehanna-bytedance-walmart-oracle-microsoft-philadelphia-fortune-15-billion-20201003.html](https://www.inquirer.com/business/tiktok-susquehanna-bytedance-walmart-oracle-microsoft-philadelphia-fortune-15-billion-20201003.html) + +2) Thanks to this post -> [https://old.reddit.com/r/Superstonk/comments/qd0o6w/wut\_doin\_snap\_fb/](https://old.reddit.com/r/Superstonk/comments/qd0o6w/wut_doin_snap_fb/) + +from [https://old.reddit.com/user/DIAMONDHandsHotchy](https://old.reddit.com/user/DIAMONDHandsHotchy) + +FB is down 5.27% After Hours (it was up 0.32% during market hours) + +Snapchat is down 23.35% after hours (down 0.71%) + +For a company of $118 Billion Market Cap (SNAP) to be down 23.35% in After Hours is SUS as heck + +Intel down 6.79% + +Twitter down 3.52% + +Anyone know what is going on? + +Edit 1: Adding a Few Updates + +A) CryptoeStuff was massively pumped earlier in the week, and is now down 3.51% (a commenter said 5% so might be more). Overall cryptoestuff is down 2.37% in last 24 hours across all coineses. It may or may not be liquidation + +B) Yes, earnings are an issue. That explains Intel. That does not explain Snap being down 23.35%. A company of $118 Billion Market Cap being down 23.35% is quite a big deal + +C) Littlet98 had a good point - There is expected to be possible Evergrande Default - some are saying this week, some next + +D) Susquehanna selling TikTok is a slightly bigger deal than peanuts. Turns out they funded Tik Tok Founder's first company in China, and have been in a working relationship with him for 10+ years. Tik Tok is not a company you sell out of. There are so many other stocks they could sell out of. We should try and figure out what other companies they are selling out of, and whether this is a move by Susquehanna to liquidate parts of more than one of their holdings + +E) TaraDon's Social Network could definitely be a factor. It would be very anti Short Hedge Fund if it takes off. How crazy would it be if the destabilizing factor that causes market crash is Ex President TaraDon launching his own Social Media Network + +&#x200B; + +Mods, it's ridiculous that you removed this post for mentioning that Ex President is launching his own Social Network. Please have some balance in moderation +For those who are confused about how margin calls work and what to expect during the MOASS. + +Day 1) + HF (A) The EOD close price is noted and margin requirements are calculated. (Example $400 close) + +Day 2) + HF (A) + The hedge fund now has to start closing failing short positions and will need to consider selling long positions (if they have any) to cover the cost of buying back shares at a rapidly increasing price. ( Example $1200 close) + +Day 3) + HF (A), HF (B) and HF (C) + Are now in a pickle and are all being margin called repeating day 2. + + +This will go on and on until all hedge funds have been called or have voluntarily closed their shorts. When a margin call occurs, they each have up to 5 days to meet their own requirements from the initial call (and they will use as much of it as they can as they want to avoid a parabolic move up on day one). + +Its unclear how many hedge funds are short on GME but there are a lot, keeping quiet not to scare their own investors. So the MOASS could take weeks if not a month or two to untangle, a good example is tesla (that had 20% SI if I remember correctly and was constantly squeezed for a year due to new shorters coming in and getting squoze. + + +Speculation: We could see a good first run and stall followed by 10-20% daily gains (may not seem like a lot but compounded daily, it really is.) There will be dips by new shorters but we know our DD and will hold. + +TLDR: 🚀 🚀 🦍🦍🐜🐜 🎢🚀💰💰 +Introducing the first-ever token with built-in instant referral rewards and a unique referral train system - 🐕 Introducing THE DOGE DEALER! 🐕 + +Holders of $DogeDealer also benefit from an automatic passive reward system - dealt out in any token of their choice every 60 minutes! + +Learn more about our referrals, leaderboard competitions, and our advanced dashboard on their website: + +🔗 [https://DogeDealerCoin.com/](https://DogeDealerCoin.com/) + +🔗 [https://twitter.com/DogeDealerCoin](https://twitter.com/DogeDealerCoin) + +💬 [https://t.me/DogeDealer](https://t.me/DogeDealer) + +&#x200B; + +1000 BNB presale going live August 17th @ 17:00 UTC. This one is looking like its going to fill instantly, massive marketing is going to start in a day or two, they are just now starting to announce anything. Whitelist competitions are planned - if you're reading this now, you're legitimately super early. + +&#x200B; + +This token is going to be gamechanging within crypto. It's going to start a new trend - referrals. DogeDealer has them BUILT-IN to their contract- refer a user, and receive a % cut of all their buys. It's that simple! Also - if you refer someone, who refers someone, who refers someone, ETC, you will receive a % bonus from EACH of those buys (this is known as the "referral train")!! This is literally insane if you think about it - all it takes are a few solid referrals & you'll be set for life on passive income. Whitepaper is coming soon to explain this all in detail too. + +&#x200B; + +Check it out on the website, and see what you think. This team is hella based too, they're known in the space for bringing another project from < 50k marketcap to 30 Million+. They know what they're doing & they're ready to shake up BSC with DogeDealer! +If you look at the Tesla and Overstock “squeezes”, they are long and extended. 6 to 10 months. Both were massively over shorted in a similar way that it was significant enough that both companies CEO’s were vocal about it. Whether it’s a share dividend (Tesla) or a crypto dividend (Overstock), both went up drastically, BUT it wasn’t quick and violent. GME will be similar. “How” they’re able to slow it down, I have no idea, but when there is a warning (announcement), everyone knows it’s coming. This isn’t a “sneak attack”. In some way, they know they’re screwed, but able to delay. So, enjoy the ride, but don’t expect to quit your day job just yet. With that being said, the marketplace can/will be the wombo combo that Tesla was. It was a combo of shorts covering along with a company having significant success/growth at the same time. As always, DRS. +Welcome to Lottery Token! Where all you have to do is hold 18 or more tokens (don't forget to account for the 6% slippage) and you're in every lottery draw for life. You don't have to pay more into them, we don't take tokens out for the draws, you just buy now and hold for life. The minimum requirement will be lowered based on stabilized prices but will never be increased. This is the definition of a HOLD token. + + +**There also just was an announcment for the first side lottery you can play, in addition to your lifetime ticket. Here is the official announcement:** + + +*We will provide you with a wallet address that you can send 5 LOT to (only 5 LOT, don't worry about accounting for the 6% tax). The lottery will be open from now until Sunday 02 May 2021 at 5pm UTC. At which point our moderator Jeff will livestream the draw using a random number generator, (live on screen). All deposit transactions will be numbered prior to the draw and made available to everyone. Every unique 5 LOT transaction sent to the wallet will be a ticket. The more tickets you purchase, the higher your chances!* + +*The winnings will be split 4 ways. 40% to the first place winner, 30% to second place and 20% to third place. The remaining 10% will be sent to the burn wallet, to make one LOT even more valuable. The draw will start with the third place winner and then second and first place winners. All winnings will be transferred live on twitch along with the draw.* + +*The Lotterywallet* +*0x0EFB90AD1558ae0313804A384B647DA788a27a9C* + +So there is still time to get into the side lottery, the devs also just donated \~900$ to make the jackpot more attractive. Current jackpot: \~3100$, current chance is just 1/133! + + +**But how does the whole thing work?** +Each transaction has a basic fee of 6%. 2% is redistributed among all holders, 2% is burned, and the last 2% is going into the lottery pool. When this reaches a quantity of 0.1% of the total supply, it will be distributed to one lucky holder automatically. Since these draws depend on the size and number of transactions, this means that several draws are possible in one day. You do not have to interact with anything in order to win or collect your winnings. Just hold the minimum. + + +**How can I participate?** +Any address with a minimum of 18 LOTs is automatically eligible to participate in the drawings. After that, you never have to pay money or top up. Just hold, and you have your lottery ticket for eternity! + + +**What is the chance and the pot?** +Currently, you have a chance of about 1/4000(based on the number of wallets holding 18 or more), which is incredibly high compared to lotteries in the real world! The pot will fill up to around 1250 LOT with a current value of \~$5000 USD. + + +**What is this buyback everyone talks about?** +From LOT V1 which had a fault in the code (new code audited, no more faults) the remaining Liquidity which is unlocked in September will be used to slowly put into LOT V2 and then burn the purchased tokens, helping further increase the price and scarcity of the token! The remaining Liquidity could be around $50,000 USD. + + +**Roadmap:** + + +*Listing on CMC \[DONE!\]* + + +*Listing on GC \[DONE!\]* + + +*New Side Lottery \[DONE!\]* + + +*Applied on DappRadar* + + +*Refurbished Website* + + +*More LOT related Features* + + +*Exchange Listings* + + +*Buyback from LOT V1 in September* + + +&#x200B; + +**Pancakeswap:** [https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7) +**Contract:** 0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + + +**Website:** [https://lotterytoken.net](https://lotterytoken.net/) + + +**Audit:** [https://solidity.finance/audits/Lottery/](https://solidity.finance/audits/Lottery/) + + +**Telegram:** [https://t.me/lotterytokenchat](https://t.me/lotterytokenchat) + + +**Twitter:** [https://twitter.com/lottery\_token](https://twitter.com/lottery_token) +I've been an Ape for both sides. GME and Popcorn since January. I'm sure most of you know this because I've also been posting since the start. I made videos, posted DD's, and I've invested everything I have and more into both these stocks and I've never sold a thing. + +I also never planned to sell either until peak MOASS on the way down. Until now. + +I still believe they'll run together as they have but after today, I believe fully that GME is the one, the true, and only MOASS stock. And now my plan is to sell Popcorn as they start to rise. + +I'm going to sell that shit so fast it's going to look like ultra instinct in this bitch. And once I do I'm going to direct buy GME at whatever price it is, I don't care how high. + +I'm going 💯 into GME. + +And the reason is simple. Adam won't stop fucking selling. Popcorn apes seem to trust blindly. If Ryan did that shit GME apes would pick it apart and have an exact clear answer for why. + +I asked popcorn why everywhere. On YouTube, Twitter and Reddit. The answers I got where, "go fuck yourself, he's old and needs to plan retirement, shouldn't panic because he warned everyone, no answer for why JPMorgan Chase at all, oh and go fuck myself." + +So....on that note, I'm sorry to all the GME apes that went back and forth with me trying to show me the wae. I was blind but now I see. + +The options are simple. Hold GME or hodl GME. + +GME IS THE ONLY REAL SQUEEZE. + +(And I plan to make some serious edits to my DD on popcorn from months back. That's all. Sorry for the rant) +What sort of normative system is implied when economists say things like "better off"? + +Example: http://www.igmchicago.org/surveys/gentrification + +"Residents of big European cities would be better off, on balance, if governments did more to counter gentrification, for example by using rent and other housing subsidies, public housing investments, zoning regulations, or similar policies." + +Is it something like utilitarianism that only considers material wellbeing? + +More broadly, are there any good heuristics for knowing when a policy that is economically good is also good more generally, or when other factors should be more carefully considered? + +Also, don't economists generally try to speak in terms of positive, rather than normative? +I can't wrap my head around the situation in the US regarding the stock market. + +\- Unemployment is high, e.g. fluctuates between 10-15% compared to an average of 5% + +\- People are receiving stimulus money for not doing any work (overall productivity decrease) + +\- Coronavirus is making people spend less => business revenues will decrease + +\- There is still a lot of risk/uncertainty regarding the Coronavirus impact on our societies. When/if a vaccine will be ready, long-term health damage, destabilizing of weaker regions/countries which could mean refugees -> pressure on countries which are coping well etc. + +\- Civil "unrest" in the US. Maybe unrest is too strong of a term, but tensions seem at an all-time high, especially with elections getting closer. + +\- US vs China trade war (and US vs other countries as well). + +How is it possible that all these factors combined are making the stock market more valuable than the pre-coronavirus levels? + +Isn't the stock market a balance between fear and greed. How is it possible that with all these uncertainties and risks, greed is more powerful than fear overall? +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. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Working a full time job I found that like most people, I couldn't wait for the weekend. "Oh man its friday, weekends almost here". +But since I started trading, now I find the opposite. +"Oh man, it's almost monday, cant wait to see what the market does this week". + +How has trading changed how you think? +Hey team! I am mostly retired from my business but still need to tend to it on a limited basis. I’m considering buying a small plane for short hops from my vacation home to my office (125 miles) so I can go to work and back same day, 1-2 days per week 6 months a year. + +Considering a Cirrus SR22 or Vision Jet. Several of the instructors at the local airport would be happy to pilot for me and hang around and take me back. I am not planning on getting my own pilot license. + +Has anyone used a small plane like this to “commute” to work? + +Any advice on owning a plane and using it this infrequently vs other options? + +Thanks! +Deciding between XBI and ARKG for a small sector lean in my portfolio. XBI is an equal-weight passively-managed biotech ETF while ARKG is an actively-managed genomics ETF. While I love Cathie Wood, I just don't see how she can keep this up. Mean reversion is inevitable, and her ARKG fund was up something like 300% in 2020 (it was absolutely killing the market for a few years before then too). Performance chasing hardly if ever works -- all the research points to no -- especially with actively-managed funds, so this is what pushes me away from ARKG. + +I plan to hold for at least 5 years. Any suggestions? +The past month has been a roller coaster ride with the ups and downs in NASDAQ. My portfolio is mainly consisted of tech stocks and ETFs. I'm glad that I bought into the recent dip and didn't sell any of my stocks. Still, the recent volatility made me reevaluate my current portfolio. + +Current portfolio: +35% VOO, 30% QQQ, 5-10% ARKK/ARKG/DRIV/ICLN, some individual stocks including DIS/TSM/AAPL + +I am bullish for the future and don't believe that there will be an immediate crash or anything. Ain't gonna sell any stocks. Buy-and-hold strategy. +My question is that should I add some ETFs other than tech into my current portfolio like XLP, XLF or REITs or even gold ETFs like IAU to balance the heavy weight on technology? Or is my current portfolio solid and there's nothing to worry about. + +Thanks\~!!! +I recently have been diagnosed with type 1 diabetes. In less than one month I've spent over 500$ on diabetic supplies and insulin and I have insurance. My 8 day supply of insulin is 45$, my libra scanner is 75$ a month and my long active insulin is more than that. Its extremely frustrating trying to keep up with the rising cost of my medication without getting a pay raise or a cost of living raise. + +Just want to say thank you to everyone for being helpful and compassionate. Several people have been able to give me multiple options for avenues to look at for cheaper options for insulin, some great information aswell. +I have been trying to follow a low carb keto type lifestyle diet, although food/diet wasnt an issue before. +I'm going to try to combat this disease with a good diet, exercise and my insulin. +Thank you all again so much for all the help and well wishes. +From the time I was old enough to understand what money was my mom drove two things into my head: + +1. Always live below your means +2. Always have a rainy day fund + +I took it to heart, but this month was the first time I really learned just how important those lessons were. + +My husband and I are in the process of buying our first house. We are doing it "old school" with conventional, 20% down. We have been saving for years and after some search found the perfect place at about half the cost of what the bank told us we could afford. It fits our needs and is well within the budget we set for ourselves. 20% down plus closing and general moving expenses means we had to save a LOT of cash, and we insisted we have that money available ON TOP of our standard 6-month emergency fund. + +Everything was sunshine and rainbows until 12 days before closing. We file our taxes and due to a change in our financial situation wind up owing the IRS $1800. Great, pay it from the emergency fund and be done with it. 12 hours later, we learn there was an unexpected death in the family. We live 900 miles away, so that means a last second trip. $1000 in suits/dresses, 3 days off work, travel expenses TBD. But that is okay, because we have an emergency fund. All told it adds up to about $4000 we weren't planning on having to spend this month. + +Without our emergency fund, we would have had to skip a funeral for a loved one, setup payment plans with the IRS, or worse, had to delay the purchase of our home. Instead we will buckle down on our spending for the next few months and recoup what spent from our "rainy day" fund. When it rains, it pours. Do yourself a favor and save yourself some stress, have an emergency fund. + + +**EDIT:** A lot of people seem to have an issue with spending ~$1k on clothing. Well, here is a breakdown: + +$100 - A new, quality dress for me that fit off the rack, is appropriate for a funeral and a host of other functions. I love it. It will last for years. + +$800 - Two (buy one get one free deal) designer suits, two dress shirts (BOGO), two ties (BOGO), and rush tailoring on one of the suits for my husband. Was it expensive? Yes, but they will fit him a whole lot better than the $150 H&M alternative and will also last for years. + +$100 - a large black umbrella, a new belt, a shoe shine kit, other small necessaries + +We had been planning to get him a new suit for a while anyway, now he has two. For every wedding, funeral, cocktail party or work event we go to for the next several years we are set. Saving and being frugal matters, I obviously know and care about that. Spending $1000 to not look like a schlub at a funeral and to have our formal clothing needs satisfied for several years was worth it to us. +Currently have my portfolio set up roughly like this: + +XEQT 50% +VFV 10% +TEC 10% +TD 5% +ENB 5% +BAM.A 5% +CNR 5% +T 5% +BTC 2.5% +ETH 2.5% + +I’m in my mid 30s and looking for long term growth since it’s money I probably won’t need for the foreseeable future. +For the 1% that actually managed to predict this...well congrats. Pat yourself in the back. You probably made out like a bandit. How come the other 99% couldn't predict this until looking back in hindsight? + +GOOG Mar: $1000; Today: $1500 + +TSLA Mar: $360; Today: $1500 + +NFLX Mar: $300; Today: $560 + +AMZN Mar: $1700; Today: $3200 + +FB: Mar: $140; Today: $240 + +SHOP: Mar: $300; Today: $1000 + +NVDA: Mar $200; Today: $420 + +MSFT: Mar: $135; Today: $210 + +&#x200B; + +Looks like you could have been a blind monkey throwing darts at tech and you could have made a sizable fortune in those 4 months. +The Q&A with Vlad just ended. First things first: I was not able to ask a question. The professor ended up choosing the most softball questions imaginable, and even my dumbed-down questions were apparently too harsh for Vlad’s delicate constitution. + +With that said, I figured I’d give a play-by-play of the class since I’ve kept you waiting this long. + +Class started out with a case study, which was a fictional version of Robinhood. This was more or less straight-up propaganda, as it presented a version of things where Robinhood was simply unable to execute the buy orders and Citadel was out of the picture entirely. + + +Then Vlad gave a little talk. This mostly reflected the case study. Vlad insisted that anything but disabling the buy button would have caused Robinhood to cease to exist. + +Then the Q and A came around. As I’ve said, almost every question was an absolute softball, having nothing to do with the GME scandal. Only a few questions are worth summarizing: + +First, someone asked about how RH intends to regain customer trust. Vlad claimed that most people were “confused” about what they were doing, so they tried to communicate the “facts” of the situation. He then described a “proportion of people who aren’t interested in engaging with facts” (i.e., apes). His approach for them (us) is to is “deliver positive values” (new products and experiences). Essentially, he’s going to try and make you forget. Don’t let him! + + +Second, someone asked whether RH should try and stop people from making bad decisions. His answer was mostly bland, except for a brief discussion of whether people would have actually made money off MOASS. His claim was essentially that “we don’t know what would’ve happened”, so they did nothing wrong. + +I was really disappointed with the questions asked, and that I didn’t have the chance to ask one. After the talk ended, many of my classmates lined up to ask him questions. Sadly, he shuffled off quickly, surrounded by his crew of lawyers and advisors. + +I hope this wasn’t too much of a tease… stay strong and hold!! +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! + +Hey everyone + +I love this channel, and i learned a lot in the past 2 years overall focusing on dividend stocks. + + I have a coolest google sheets for my holdings, and I have several websites and newsletter Im subscribe to, that helps me with research + +But when I start on a research for a new investment I have like 3-5 websites and subscription I pay a lot to, to do those researches + +So.. as a software developer and one that loves coding, I started to work on a new platform (web application) + +At the moment I created many graphs that holds historical data (15+ years) per company, so I can find trends, behavior, dividend yields, debt, shared outstanding (buybacks), etc.. + +&#x200B; + +When the platform will be ready Ill share it here as well, and now it's a good time to ask + +what kind of information would you like to see? focus on historical data? + +For now it will be research only platform, later it will have portfolio + holdings and yield features + +&#x200B; + +Have a great week all :) +Parts for those that can't see it : + +Peter Baum’s company in New York, Baum-Essex, uses factories in China and Southeast Asia to make umbrellas for Costco, cotton bags for Walmart and ceramics for Bed Bath & Beyond. Six months ago, he was paying about $2,500 to ship a 40-foot container to California. + +“We just paid $6700,” he said. “This is the highest freight rate that I have seen in 45 years in the business.” + +In early September, he waited 90 days to secure space on a ship for a container of wicker chairs and tables. + +Another U.S. importer, Highline United, which imports women’s shoes from China and Hong Kong for brands like Ash, Isaac Mizrahi, is paying more than five times its usual price for shipping. + +“It’s a classic supply and demand issue,’’ said Kim Bradley, the chief operating officer of the company, which is based in Dedham, Mass. + +‘I’ve Never Seen Anything Like This’: Chaos Strikes Global Shipping https://www.nytimes.com/2021/03/06/business/global-shipping.html + +I have DAC + DSX + CTRM + SINO + +Others I looked at: ZIM + GNK + SB + INSW + TOPS + SHIP + SBLK + +Podcast someone on here recommended . Around min 50 + +https://open.spotify.com/episode/41HEFJQiMSeKCzCTRBpITJ?si=ypUcXV9yRz6XhekHp7iJ_Q&utm_source=copy-link +The Leak is enormous… 128 GB. I will not post a link to said 4chan post, since I guess the linked files/torrent are 100% illegal. But [here is a screenshot](https://ibb.co/Pxv5fZP) + +This is a big hit against Amazon and we‘ll get a brief look into their playbook once information about the unreleased Steam competitor will come in. I’m curious if there will also be some NFT hints too for example. +# How deep is this going to go? + +Although a much smaller developer it seems like every few days we are hearing of new defaults and growing pressure on a key area of China's economy. + +Bloomberg: + +" + +[Sinic Holdings Group Co. ](https://www.bloomberg.com/quote/2103:HK)became the latest Chinese real estate firm to default as investors wait to see whether China Evergrande Group Inc. will meet overdue interest payments on dollar bonds this week. + +Sinic’s credit rating was lowered by S&P Global Ratings to Selective Default from CC after the company [failed](https://www.bloomberg.com/news/terminal/R182H9T1UM15) to repay the interest and principal of its $250 million note due Monday, according to a statement dated Tuesday." + +" The strain on real estate companies add to a string of broader risks for China’s economy, which depends on the real estate market for about 30% of gross domestic product. Home prices fell in September for the first time in six years, while real estate investment slid for the first time since last year. " + +[https://www.bloomberg.com/news/articles/2021-10-20/chinese-developer-sinic-defaults-as-evergrande-contagion-spreads?srnd=markets-vp](https://www.bloomberg.com/news/articles/2021-10-20/chinese-developer-sinic-defaults-as-evergrande-contagion-spreads?srnd=markets-vp) + +[https://finance.yahoo.com/news/chinese-developer-sinic-defaults-amid-022709836.html](https://finance.yahoo.com/news/chinese-developer-sinic-defaults-amid-022709836.html) +I somehow only just found this subreddit recently, and I’m already in love. I had been scrolling WSB for fun for a long time, and then I come here, read the comments and within an instant, this is my home. + +Clearly most of y’all are smart people. I’m just curious to know what people’s backgrounds are. I sense a lot of MBA’s and finance professionals, but maybe not. + +Edit: To break the ice, I’m an M7 MBA working primarily in RE. +I like the following: + +[https://stocktipstips.substack.com/](https://stocktipstips.substack.com/) + +[https://thegeneralist.substack.com/](https://thegeneralist.substack.com/) + +[https://technically.substack.com/](https://technically.substack.com/) + +[https://www.netinterest.co/](https://www.netinterest.co/) + +[https://valuepunks.substack.com/](https://valuepunks.substack.com/) + +[https://cloudvalley.substack.com/](https://cloudvalley.substack.com/) + +[https://www.fabricatedknowledge.com/](https://www.fabricatedknowledge.com/) + +[https://cloudedjudgement.substack.com/](https://cloudedjudgement.substack.com/) +We’ve got some fresh DD and its really exciting. For those of you living under a rock, catch up here: + +[https://www.reddit.com/r/Superstonk/comments/pgp4ed/gamestop\_is\_exposing\_the\_biggest\_financial\_crime/](https://www.reddit.com/r/Superstonk/comments/pgp4ed/gamestop_is_exposing_the_biggest_financial_crime/) + +[https://www.reddit.com/r/Superstonk/comments/pguixz/buy\_buttons\_being\_turned\_off\_anyone\_else/](https://www.reddit.com/r/Superstonk/comments/pguixz/buy_buttons_being_turned_off_anyone_else/) + +[https://www.reddit.com/r/Superstonk/comments/np33hr/amazon\_bain\_capital\_and\_citadel\_bust\_out\_the/](https://www.reddit.com/r/Superstonk/comments/np33hr/amazon_bain_capital_and_citadel_bust_out_the/) + +Counterpoint to this sticky: + +[https://www.reddit.com/r/Superstonk/comments/ph2z2q/the\_whole\_amazon\_jeff\_sears\_blockbuster\_tsunami/](https://www.reddit.com/r/Superstonk/comments/ph2z2q/the_whole_amazon_jeff_sears_blockbuster_tsunami/) + +I understand why we are seeing this increasing trend of Sears/Blockbuster/Amazon posts and honestly I can’t blame you. Here is the issue however. The vast majority of these are super low effort screenshots like “WUT DOING SEARS?” with pictures of the same tickers. + +Understand that not only is this creating a snowball effect but its completely clogging the forum and you are actively preventing potentially valuable content from reaching the Apes. We are here to talk about GME and it seems like these stocks could indeed be related. We are here because some wrinkly apes have spent tons of time researching and connecting dots. I know you just want to participate and do your part but its creating a major problem. Not only are most of these posts blatantly violating the rules but every single shitpost like this prevents good posts from rising. + +If you are going to put effort in and are furthering the conversation, FANTASTIC! If you are just hopping on a trend for that sweet karma you are NOT helping. We are going to be very aggressive for a while in our moderation until this is under control. Please make room for the DD writers and high effort posters. Please report posts that are clogging the forum. Please understand we don’t want to have to do this but right now there is no other option. + +I know i’m gonna get heat for this and a lot of people are gonna complain. We aren’t taking punitive action against the majority of posters. We get that you are just having fun but know if you circumvent these removals, if you literally spam or if you are encouraging people to buy into other “squeezes” you are gonna catch a ban. I honestly believe this is mostly organic. We are not trying to stifle discussion we are trying to make room for constructive discussion. Please follow the rules and play nice apes. + + +EDIT: Thank you everyone for the great feedback on this. We have some creative solutions we are working on this weekend and will hopefully update you all soon. +Our big marketing is about to kick off, which already showed an effect to the chart and its going to get a lot better. Join our community for any questions! Our Voicechat is open 24/7. + +MoonRise is currently doing what its meant to do - rising to the moon, checkout all that's happened since its inception: + +✅ 30%+ total supply already burned from buybacks by the whale + +✅ 3 AMAs already done - one with the official SatoshiStreetBets not even 24 hours after launch + +✅ 7000+ holders/3500+ TG members (3600 in our chinese TG) and consistently growing thanks to experienced marketing team + +✅ CoinGecko listed in under 12 hours; CMC untracked listing in 7 days + +✅ 2.5M+ marketcap in 3 hours thanks to the marketing, from 50k start + +✅ 300 BNB currently in Whale wallet, with 700+ already spent on MoonShots (not even including buybacks) + +✅ Active voice chat & community + +✅ NYC billboard on 2nd to 4th july + +✅ BTOK ads on 26th june were a huge success (chinese tg from 400 to 3600 members) + +✅ PoocoinAds up and running since presale + +✅ Audit with dessert finance completed - Dev ID doxxed + +✅ Influencers jumping onboard + +✅ Huge announcements this week + +MoonRise is an improved fork of the wildly-successful EverRise token, with a suite of improved features and tokenomics. Community members will be able to participate in "Moon Shots" using the Whale Wallet's BNB. MoonShots will be activated at holder milestones during MoonRise's launch phase, but eventually will be controlled through a community-consensus based dApp. + +🖥 Website: [https://MoonRiseCoin.com](https://moonrisecoin.com/) + +💬 Telegram: [t.me/MoonRise\_BSC](https://t.me/MoonRise_BSC) + +🐔 Twitter: [twitter.com/MoonRise\_BSC](https://twitter.com/MoonRise_BSC) + +📃 Contract: 0x7ee7f14427cc41d6db17829eb57dc74a26796b9d +It seems like everyone on this board is saying the stock market returns from 2010-2019 are unprecedented and better than any time in stock market history. This is false! The results this decade are similar to the 1980s and 1990s at best. + +1980-1989 Nominal CAGR 16.16% (10.52% Real- Inflation Adjusted) + +1990-1999 Nominal CAGR 17.27% (13.94% Real- Inflation Adjusted) + +2010-2019 Nominal CAGR 13.09% (11.12% Real Inflation Adjusted) + +Outside of the 2000-2009 period, the modern stock market does well. +There's a lot of confusion going around, German banks going back and forth. A lot of mis-information and assumptions being made that at this point it's impossible to know who is wrong/right, who is trying to manipulate who. Fingers being pointed everywhere and at each other. It's a mess. + +Can we please get this to the top and ask Gamestop to produce a statement so we, the investors, know what the hell is going on with our shares and money. This isn't about Reddit drama or karma - it's about investor relations with GME and our right to know what is going on. + +It's incredibly important now more than ever for Gamestop to make some sort of announcement whether big or small. I don't care about hearing from Ryan - we just need somebody (preferably Matt) to make clear what is happening. + +Hopefully we can get a clear answer or confirmation Gamestop are looking into these matters with urgency. + +Thanks + +&#x200B; + +EDIT: guys, just want some communication for the people who are being messed around by their brokers - I love the stock and Ryan even more and have absolute faith they will do the right thing :) +[https://betterdwelling.com/canadas-super-rich-actually-own-a-bigger-share-of-wealth-than-previously-thought/](https://betterdwelling.com/canadas-super-rich-actually-own-a-bigger-share-of-wealth-than-previously-thought/) + +**Key takeaways:** + +* The new model suggests Canada’s super rich own a much bigger share of wealth than thought. The top 1% of households were previously estimated to hold 13.7% of wealth in Canada. Under the new model, that number rises to 25.6% of total wealth. The top 0.01% alone saw their estimated share jump from 0.4% to 5.6% of wealth. +* The revised numbers mean a ticket to the one percent club is fairly steep. To be in Canada’s one-percent, you need a minimum net-worth of $6.1 million. The top 0.1% requires a minimum net-worth of $29.3 million now. The 0.01% has a minimum net-worth of $143.1 million dollars. Net-worth is defined as household assets minus liabilities. +* The vast majority of people across Canada actually fit in the lower 80% of households. The middle 40% of households have a net-worth between $100,000 and $1 million. Below $100,000, and your household net-worth is in the bottom 40% of households. Just used all of your cash to make a 5% downpayment on a million dollar home? You’re in the bottom 40% of wealth. +In 2016 my co-worker told me that his friend and his friend's dad bought a few million shares of TPAC and it was going to go to the moon. I had never invested in a penny stock before that, so I bought into the hype and thought maybe I, too, could go to the moon. I bought 3 million shares at .0013 and watched the thing sink to .0001 over the course of the next year. Then it sat dormant for about three years. Seemingly out of nowhere, it started getting volume again recently and today I sold all my shares at .0006. Feels good to finally be rid of it. +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! + +Fuck this trap. + +College: $150,000 + + +Wedding: $35,000 + + +House: $500,000 + + +Used car: $15,000 + + + +$700k in debt after your first few years after graduating from college but society will call you a loser if you don't follow this trap. Don't get into the impossible escape scheme, be innovant, support DeFi and survive. +●○●○●○●○●○●○●○● + +I made a post about various criminal market manipulation strategies before, and there is a strong possibility this is the latest prominent example of "Spoofing". See image 1 in the linked post below, for more details about what this is: + +https://www.reddit.com/r/Superstonk/comments/tek62r/fuckery_learn_it_spot_it_report_it_also_see_my/ + +If you want to take some action, then simply copy the letter below (change the name to your real one, of course!): + +●○●○●○●○●○●○●○● + +Dear Sir/Madam, + +I am a retail investor and hold shares of a company listed on the New York Stock Exchange named GameStop, Inc. (ticker: GME). It is my belief that GME stock underwent criminal market manipulation, potentially by multiple financial institutions, meaning that I and other shareholders of GameStop are victims of crime. The specific details are as follows: + +**Date:** 8th April 2022 + +**Type of Manipulation:** +Spoofing + +**Laws and Regulations Transgressed:** +Sections 9(a)(2) and 10(b) of the Exchange Act of 1934 and Section 17(a) of the Securities Act of 1933. + +**Potential Evidence:** +https://www.reddit.com/r/Superstonk/comments/tzcmkk/hey_chicago_exchange_wut_doin_this_is_what_was/ + +There is not a great deal of additional corroborating evidence I can provide for my assertion at this time. Unfortunately, the financial services industry has been structured in such an opaque way that retail investors, such as myself, have access to the least amount of market data. However it is hoped that the **{{{ SEC / DoJ / FBI / FTC --> Keep one and delete the others }}}**, being a well-funded government body with expertise in this area, can procure more potential evidence. + +I would therefore appreciate it if you could look into my complaint, in order to protect the rights of retail investors and uphold the aforementioned Laws and Regulations. + +Kind regards, + +**u/Region-Formal** + +●○●○●○●○●○●○●○● + +Next click on each of these links below, add your personal details, and paste the letter above in the relevant section. I have indicated the approximate time you will need to do this: + +**SEC - Securities & Exchange Commission (7 minutes):** + +[https://www.sec.gov/tcr](https://www.sec.gov/tcr) + +**DoJ - Department of Justice (1 minute):** + +[https://www.justice.gov/doj/webform/your-message-department-justice](https://www.justice.gov/doj/webform/your-message-department-justice) + +**FBI - Federal Bureau of Investigation (2 minutes):** + +[https://tips.fbi.gov/](https://tips.fbi.gov/) + +**FTC - Federal Trade Commission (2 minutes):** + +[https://reportfraud.ftc.gov/](https://reportfraud.ftc.gov/) + +●○●○●○●○●○●○●○● + +I know there are many skeptical Apes, who would quite simply ask: "Why bother?" My answer to that question is: Because if enough retail investors file complaints about the same act of crime, eventually they will have no choice but to look into it. And as that former SEC Branch Chief Lisa Braganca has tweeted many times, need to make these complaints in their format, if we want to get them to listen. + +Also note that this is one instance where it is absolutely fine to act en masse, in a group, using our potential volume of filings. There can be no accusations of collusion, because writing complaints to government bodies has no effect on the stonk itself. So if you have a few spare minutes and care enough about this, hope you can also file some complaints using the copy-and-paste template above (the SEC one could even get you a Whistleblower reward! 😄) + +●○●○●○●○●○●○●○● +if you think about it, i could throw 35k down on a duplex and let the 2 tennants pay it off double fast, while still paying my own rent here in my apartment, as if i had just thrown 35k into my rothIRA or 401k or some other investment, wave goodbye to it knowing that its gonna build upon itself. just like any other long term investment. sure it might be another few years before i have another 35k for another property, but im pretty comfortable here in my apartment, and having a fully paid off duplex as a first property sounds very appealing to me. penny for your thoughts! thanks!!! edit - my rent is only 525, while half a duplex usually rents for apx 750 where im looking, so i think id be saving myself money this way too. +Well, well, well, some stuff has happened and we’ve been busy plugging holes, changing things up, and planning for the future. + +# General Updates + +1. With the other top mods gone, [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/), [u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/), [u/Captain-Fan](https://www.reddit.com/u/Captain-Fan/) and I will be the top-level “admin” mods. +2. To reflect this change the mod list will be rearranged in the near future, so if you see mods randomly get yeeted off the mod list, it’s just getting rearranged. +3. New mods! We are severely understaffed, like fuck me. We got mod work coming out of the wazoo - stay tuned for some new mod updates in the future, as we’re bringing on some wrinkles and active community members to plug the holes! + +Lastly, you’d have noticed there have been some fuck ups with automod among other things the past week… Bear (hah) with us, we are currently doing some changes to Automod and in a subreddit of this size, that sometimes means fuckups. When we have more mods on board, you can expect everything to become more stable (my weekends' are also expecting the same thing hah). + +# Automod + +This has been the bane of my and many other mods' existence for the past week. I’m sure you’ve noticed. + +1. A certain two-letter abbreviation for Superstonk, we tried to implement it in automod to remove comments/posts with it, but we fucked up and it ended up resulting in MOATH and Mike Tyson memes (tbh a pretty funny outcome) - we’ve fixed it, so back to MOASS it is +2. Infinity Pool, nuff said. +3. All stock/GME related subs (except [r/GME](https://www.reddit.com/r/GME/)) are removed as per Reddit Admin’s brigading prevention code. We’re reaching out to Reddit admin to allow cross-posting between the other GME subs again, so fingers crossed that in the near future full-on cross-posting shall resume! +4. We also wanted to reiterate that attempting to circumvent automod is a major violation of the rules... Especially given the above. + +&#x200B; + +[ty for the meme u\/stonk\_sandwich](https://preview.redd.it/8cyrsqnc6ad71.jpg?width=1406&format=pjpg&auto=webp&s=c5aab8a3bcc8e0a192f6cf8e81a6a9380db712d4) + +# Awards Contest! + +What’s that? Good question, it got lost in the recent drama. We held an award contest a month ago now - Don't worry, it’s still happening, your submissions were lit! We will still be holding the contest, we only ask for your patience while we get everything sorted out. + +# Avoiding Mod Drama + +I don't like mod drama in the sub, you don't, no one does. As such, we’re developing internal policies that are line by line in terms of action. It'll address various situations so that it does not make its way into the sub. + +Onwards and upwards everyone! +## Preface + +Over the past year I’ve spent countless hours outside my career and familial responsibilities independently researching and writing as part of ongoing effort to debunk the portrayal of Retail Investors by news outlets as bad-faith, reckless market participants through a fact-based understanding of how the collapse of Greensill and then Archegos Capital groups were related events triggered by a short squeeze in the bond market that left Credit Suisse holding a [€1.5 billion bag](https://www.cdsdeterminationscommittees.org/documents/2021/01/emea-dc-issue-2020120201-europcar-mobility-group-s-a-final-list-11-january-2021.pdf/) - a narrative that remains unreported by financial reporters to this day. + +Until recently part of my [overarching theory](https://www.reddit.com/r/Superstonk/comments/qib1my/gamestop_and_hr_4618_short_sale_transparency_and) involved Archegos utilizing a Convertible Bond Arbitrage strategy referred to as Chinese Hedging by investing in tranches of Greensill-issued, Credit Suisse-syndicated loans with the goal of profiting off the demise of companies during bankruptcy auctions. The financial instruments employed by Archegos allowed them to avoid cross-broker margining, obtain obscene leverage and led me to believe Credit Suisse silently cultivated a [Credit Insurance Bubble](https://www.reddit.com/r/Superstonk/comments/pk08rq/clos_reverse_repos_and_gamestop) through the operation of a “[shadow CLO market](https://www.reddit.com/r/Superstonk/comments/q12t4g/credit_suisse_greensill_archegos_evergrande_and)” that only became visible once the Archegos assets were liquidated and publicly repriced via SOFR. + +Then I decided to read *[Structured Credit Products: Credit Derivatives and Synthetic Securitisation, 2nd Edition | Wiley](https://www.wiley.com/en-us/Structured+Credit+Products%3A+Credit+Derivatives+and+Synthetic+Securitisation%2C+2nd+Edition-p-9781118177136)* during a few vacation days last week and some important realizations dawned on me: +1. It was *Capital Structure Arbitrage*, not Convertible Bond Arbitrage, that Bill Hwang practiced through the use of Total Return Swaps (as suggested by earlier [reports](https://www.wsj.com/articles/what-is-a-total-return-swap-and-how-did-archegos-capital-use-it-11617125839) and the Credit Suisse [legal review](https://www.credit-suisse.com/media/assets/corporate/docs/about-us/investor-relations/financial-disclosures/results/csg-special-committee-bod-report-archegos.pdf) of Archegos) +2. A financial derivative exists called a **Credit Linked Note (CLN)** that is similar but different from a Collateralized Loan Obligation in that it is more open-ended and specifically known to be used by those seeking to profit from the bankruptcy of companies + +Once these key learnings began falling into place I started recognizing some overlaps between my research and that of another author whose findings I felt were correct but parallel to my own until now - u/Criand. + +## The Criand Connection + +Criand has not only written about a derivative-driven [Speculative Bubble](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much) reminiscent of 2008 but also on the topic of “Meme Stock” baskets following [Futures Roll Periods](https://www.reddit.com/r/Superstonk/comments/pb22oj/the_puzzle_pieces_of_quarterly_movements_equity). Which is why, when I came across the following excerpt from a chapter on Capital Structure Arbitrage in the structured finance book, I was pretty “excited”: + +> “An example of such a trade opportunity arose in the last quarter of 2009. Equity levels worldwide had risen since their lows of March that year, and as expected credit spreads had also tightened during this period... We observe that the CDS price has fallen back down to its level at the time just before the Lehman collapse in September 2008, whereas the equity index had still to recover to that level. This suggested that equities still had further upside, relative to credit spreads. **A potential trade would therefore be to acquire an exposure to the equity index, perhaps via an exchange-traded future, and buy protection on this same basket via a CDS basket trade**.” - [Structured Credit Products: Credit Derivatives and Synthetic Securitisation, 2nd Edition | Wiley - Chapter 5](https://www.wiley.com/en-us/Structured+Credit+Products%3A+Credit+Derivatives+and+Synthetic+Securitisation%2C+2nd+Edition-p-9781118177136) + +Wow, amazing, I thought. Here is a hypothetical trade related to Total Return Swaps involving a time period overlapping with the last financial crisis and the trading of both futures and CDS baskets 🤯 + +The second part of *The Criand Connection* involves the author’s recent discussion around [Variance Swaps](https://www.reddit.com/r/Superstonk/comments/qvtmxm/clearing_up_some_things_about_options_and_how_it) and the purpose they’ve been serving. Until now my writing merely brushed up against Variance Swap theory through reference of [OTC Options](https://www.investopedia.com/terms/o/otcoptions.asp) in a pre Superstonk-approved post titled “Shake Your Market Maker” that was my best attempt at: +1. Explaining the OTM put options from July 16th, 2021 +2. Making sense of u/nayboyer’s OTC research and +3. Rationalizing Robinhood’s weird July 28th, 2021 [announcement](https://www.foxbusiness.com/markets/robinhood-ipo-twist-business-model) that they were considering becoming a “standalone market maker.” + +Then I stumbled across this explanation of Variance Swaps and voila, another a-ha moment: + +> “**Variance swaps have become popular risk recycling tools among dealers whose large structured products businesses leave them short correlation.** Dealers can buy back correlation from hedge funds via dispersion trades, in which **hedge funds take a short variance swap on an index, while buying variance swaps on the constituent single stocks.**” [Risk.net](https://www.risk.net/definition/variance-swap) + +This is also 🤯 to me because not only have GameStop and other “Meme Stocks” certainly left dealers of structured products short correlation throughout 2021 but ETFs like XRT have been heavily [shorted](https://www.reddit.com/r/Superstonk/comments/q3858o/spdr_sp_retail_etf_ticker_xrt_gamestop_gme/) throughout the year as well. + +Which is a natural segue to the second major part of this post: the root cause of this whole mess. + +## Credit Linked Notes + +These notes represent a critical puzzle piece missing from my research - a “smoking gun” of sorts - and have been right under my nose the whole time. + +I was totally unfamiliar with the complexities and uses associated with structured notes prior to reading a subsection from the Capital Structure Arbitrage chapter of the structured finance book on ***Enhancing Portfolio Returns*** that says: + +> “Asset managers can derive premium income by trading credit exposures in the form of derivatives issued with synthetic structured notes. The multi-tranching aspect of structured products enables specific credit exposures (credit spreads and outright default), and their expectations, to be sold to specific areas of demand. By using structured notes such as credit-linked notes (CLNs), tied to the assets in the reference pool of the portfolio manager, the trading of credit exposures is crystallised as added yield on the asset manager's fixed income portfolio. In this way, the portfolio manager has enabled other market participants to gain an exposure to the credit risk of a pool of assets, but not to any other aspects of the portfolio, and without the need to hold the physical assets themselves.” - [Structured Credit Products: Credit Derivatives and Synthetic Securitisation, 2nd Edition | Wiley - Chapter 5](https://www.wiley.com/en-us/Structured+Credit+Products%3A+Credit+Derivatives+and+Synthetic+Securitisation%2C+2nd+Edition-p-9781118177136) + +That resonated with me because I had semi-recently read about Credit Suisse investing heavily in Greensill notes: + +> “…the insurer providing protection against defaults on loans Greensill Capital arranged decided not to renew its coverage, effectively yanking away an important safety net for investors in its notes. And **Credit Suisse Group AG, which ran funds full of those Greensill notes**, decided it was so uncertain of their value that it had to freeze all four of the portfolios, making it impossible for clients to immediately get their money out.” - [Bloomberg - September 8th, 2021](https://www.bloomberg.com/news/features/2021-09-08/why-did-greensill-collapse-the-simple-problem-behind-the-financial-empire) + +And unwittingly referenced the notes in a post of my own [here](https://www.reddit.com/r/Superstonk/comments/p9rlwv/gamestop_lay_back_enjoy_the_show) while quoting an excerpt from the British Parliament hearing on Greensill that I suspected tied Archegos to Greensill that stated: + +> ”**Greensill issued secured commercial paper via a Special Purpose Vehicle (SPV) registered in Luxembourg**. The FCA provides a definition of an SPV as a legal entity explicitly established for the purpose of securitising assets. **Greensill packaged up individual invoices into notes that were purchased by Greensill’s investor base. Some of these assets were purchased by outside investors, for example a fund managed by Credit Suisse**. Others were bought by Greensill Bank, a bank owned by the Greensill Group which was domiciled in Germany. Greensill’s reliance on investor funding made it vulnerable to a contraction in the supply of such funding.” +[U.K. Parliament, #17 - July 20, 2021](https://publications.parliament.uk/pa/cm5802/cmselect/cmtreasy/151/15105.htm#_idTextAnchor011) + +Which, again, resulted in another 🤯 moment when I came across a [legal brief](https://www.mayerbrown.com/-/media/files/perspectives-events/events/2020/10/reverse-inquiries-workshop--issuing-credit-linked-notes.pdf) published on October 13th, 2020 by the law firm *Mayer | Brown* that: +1. Specifies Credit Linked Notes are issued by Special Purpose Vehicles +2. Makes reference to Hertz, the Vatican and “Gambling on the failure of others” - a sad but truthful tale regarding the usage of donation money by a Cardinal investing in notes covered by the FT [here](https://www.ft.com/content/f966e8b4-945a-45d0-8391-a305b3d8f7f5) + +Reminding me of the fact Apollo Global Management just made a whopping ~~$1.5bil~~ $375mil [windfall](https://www.bloomberg.com/news/articles/2021-11-17/hertz-selling-1-5-billion-junk-bond-for-preffered-stock-buyback) on Hertz and were also publicly [interested](https://mobile.reuters.com/article/amp/idUSKBN2B4233) in Greensill’s assets earlier in the year. Also seems worth noting that many banks had SPV programs with ties to Greensill… which might help explain the generally negative sentiment by many on Wall Street towards former “Meme Stocks” like GameStop. + +For these reasons, I’m surprised more people aren’t eagerly awaiting the report on Greensill by Credit Suisse that was supposed to be published in early October but was unfortunately [delayed](https://www.bloomberg.com/news/articles/2021-10-11/credit-suisse-to-delay-publishing-findings-from-greensill-report) considering: + +> “CLNs are a form of credit derivative. They are also, in all their forms, bond instruments for which **an investor pays cash** upfront, in order to receive a periodic coupon and, **on maturity or termination**, all or part of its initial purchase price back. That makes CLNs virtually identical to cash bonds. The key difference is that the return on the CLN is explicitly linked to the credit performance of the reference security or reference entity.” - [Structured Credit Products: Credit Derivatives and Synthetic Securitisation, 2nd Edition | Wiley - Chapter 3](https://www.wiley.com/en-us/Structured+Credit+Products%3A+Credit+Derivatives+and+Synthetic+Securitisation%2C+2nd+Edition-p-9781118177136) + +Perhaps there will be notes maturing in January 2022 that will need to be paid for in cash given the fact Archegos preferred non-cancellable bullet swaps with a 24mo tenor? Why else would the Variance Swaps be needed? + +## Conclusion + +After many months of research I’ve come to the independent conclusions that: +1. Criand has been correct with regard to a significant number of topics +2. Archegos seems to have been gambling on the failure of others by investing in Greensill-issued CLNs arranged by Credit Suisse +3. Structured Finance explains a lot and needs to come first - ahead of Retail Investors - in the “Meme Stock Blame Game” + +🐸 🍦 + +— + +Shoutouts to u/No-Intention1744 for broaching the topic of structured notes on April 23rd, 2021 in their post [here](https://www.reddit.com/r/Superstonk/comments/mwl3ru/the_shit_tickets_in_your_portfolio/) and all the incredible DD authors involved in the Variance Swap conversations: u/zinko83, u/gherkinit, u/Leenixus, u/Turdfurg23 and u/MauerAstronaut + +— + +Just a Retail Investor, not a financial advisor + +Hello I am 26 year old I recently got into a car. I got into a Mercedes Benz 2019 fully loaded worth 50k the original owner paid and got it for 36k with 18k miles on it due to their financial issues full warranty on it and currently pay 500 a month. I been thinking of selling it so I can save more money a buy a cheaper car in the 15-20k low range still will make 500 dollar payments on it to pay it off fast. I currently have a buyer for the Mercedes for 34,5k my bank wants 37.2k the total pay out I’ll loose 2700 should I do it and just save and recover the lost ? Or wait and sell it for the full value of 38k on edmud and kbb private seller price with it being low in Milage and full warranty still +Edit 3: +First off I just want to say thank you for all the comments and discussions, very informative. Over all most of the comments were good constructive criticism and I seriously appreciate that. Basically might as well just rename this post "in an ideal education system, how can we implement/ improve financial education ". My suggestion after taking many of your inputs. Lightly touch money management in elementary school, maybe just throw it in with basic math class. Middle/high school, maybe have a two day a week class talking more about money management and touching other subjects. Maybe 2nd semester sophomore year, have a one day seminar/workshop. Which they can later choose to further their knowledge in jurior and senior years if they want. + +As of right now and throughout history there has been very little taught to kids/young adults about finance. Because of this and after generations of of people not getting any form of financial advice, it is now accepted and "normal" to be thousands of dollars in debt. People go their whole lives living paycheck to paycheck, never paying off their debt or having a savings/retirement plan. + +If we can make financial education classes a mandatory requirement just like math, science, and history. It would severely help the average American family to be financially stable. A lot of people don't invest because they don't understand the terminology or how it works. Luckily now we live in an age of youtube and that basic knowledge is a lot more easier to obtain, but it's still not hitting the demographic needed, which are teenagers. Which is the best time to start budgeting and investing, when you get your first job. + +If we could make classes about budgeting, saving, investing, retirement, ect. Mandatory classes in high schools, it would reduce the amount of debt average people owe. Eventually we will come full circle and the parents will start teaching their kids financial education. + +Edit 1: +like many commenters mentioned. One main issue would be the students lack of interest. So instead of cramming it all at the end of their grade schooling, what if it is just like the other classes and teach it throughout their whole grade school life? Just like teaching the same thing in history and English class every year, eventually some parts will stick. And if they want to learn more they can choose to continue those classes in high school, like AP classes. + +Edit 2: ok so its mandatory in some states, but from the sound of it most of the classes are basically a joke, so maybe ways to improve it? +I have recently began a job (government contracted) that pays roughly between 50-60K a year (Late, I know). I wasn’t taught or talked about investing ever in my life. It is now at my current job that some of my coworkers that I have became friends with have introduced me to investing. I’ve been doing some research and budgeting my income and came to the conclusion that I can invest 300 dollars a week. My current job offers insurance but if you already have insurance (which I do through another provider) that money will go into a 401K account, so I’m looking at roughly 600-700 dollars a month that’s going into my 401K that I’m not missing. The 401K account is a VTSAX fund. My question is how should I invest the 300 dollars a week? Here’s some of the stocks that I’ve been reading up on and watching YouTube videos on: VOO, VTI, SPHD, SCHD, MTUM, VYM. Your help and advice is greatly appreciated. Looking to just set and forget, long term, and hopefully be in a better spot financially in 10 years. +Happy New Year! [Here is a snapshot of all my finances](https://i.imgur.com/z5J0f8z.jpg) over the last 8 years. [Here’s the latest version of the spreadsheet](https://drive.google.com/file/d/1LUIwXyncKGczpbxD23kMvX3Oxn-Pdwkc/view) I made to keep track of my spending and [here are the instructions for how to use it.](https://imgur.com/a/p6y9Z) Shout out to all the people who have helped me debug and improve this spreadsheet over the past few years. Your continued feedback/encouragement/support makes me very grateful to contribute to this wonderful community. Cheers and see you again next year! + +**2018 YEAR IN REVIEW:** + +- Earned all-time high annual net income + +- Invested 50% of my net income this year, setting new records for both cumulative (total dollars) and quantitative (% of net income) annual investing rate. Running annual average rate is 30%. + +- Spent 25% net income on living expenses, 25% on recreational expenses, 0% on debt this year. Running annual average rates are now 35%, 24%, 10% respectively. + +- Suffered significant damage to my average ROI (-37%) thanks to crypto market volatility + +- Net worth flat lined this year as decreasing value of taxable assets were offset by increasing estimated present value of pension. + +**2019 GOALS:** + +- Invest 45% of my net income. + +- Spend 25% of my net income on recreational/fun activities. + +- Keep living expenses below 30% of my net income. + +- Lick my wounds and hopefully recover some of my ROI. + +**FREQUENTLY ASKED QUESTIONS:** + +- **Job?** Active Duty US Air Force Astronautical Engineer + +- **Age?** 31 + +- **Education?** I have zero professional experience/accreditation in finance so please take my advice with a grain of salt. Completed ~7.5 yrs of college so far. Undergraduated with $60k debt paid off in 37 months. Funded everything else with scholarships. Degrees include Master of Science in Astronautical Engineering, Bachelor of Science in Mechanical Engineering, Graduate Cert in Systems Engineering, MIT Graduate Internship, etc. + +Disclaimer: Everything here is original content. I’m cross-posting to r/financialindependence, r/personalfinance, r/dataisbeautiful for maximum visibility. Everyone has my full permission to use/share/repost. + +Edits: Fixed formatting +I had 2 credit cards paid off. And I mean paid off. $0.00 balance. + + +But then my master cylinder decides to break. I try to fix it myself, but I can't. So I need to take it to a mechanic. I then have to use my credit cards. Both of them. My credit score NOSE DIVES. + + + +My car fucks up yet again. I can't afford to fix it. I need to take out a loan. Credit Score now in Free Fall. + + + + +Paycheck I get from work goes to paying off debts/credit cards & rent/bills. Any money I have left over goes to buying alcohol to help me deal with the stress of it all. + + + + +I hate life. + + +This is an extension of my DD series on GME. I have been investing in, learning about, and following GME since September 2020, and in that time I have learned many things. It is also likely my last post on GME for a while as I find myself repeating key points, and others are doing excellent DD on GME in the meantime. + +In this post, I’ll share as much understanding as I can about how we got here, about shorts, and my thoughts on the future of GME. I’ll also try to include many tips around trading/investing with GME going forward. + +**TL;DR:** The squeeze has been reset. Shorts have re-set their short positions at much higher sell points, and longs have likely cycled through. I don’t believe a VW-style squeeze is possible because Robinhood will just get choked again, but I do believe $GME is worth much more than $50/share. Fuck “diamond handing”, I’m **starting to accumulate shares again.** I share below how I’m trading GME. + +# Previous Important Posts + +If you haven’t read them and have time, they will provide some background on my previous analysis. + +* [EndGame Part 1](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/) (DTC Infinity) covered the short positions, the float, and potential snowball impacts of increasing prices, and argued that part of the reason that shorts haven’t closed was that it was pretty much impossible for shorts to close +* [EndGame Part 2](https://www.reddit.com/r/wallstreetbets/comments/l0czgs/gme_endgame_part_2_cohen_market_cap_potential/) covered Cohen, fair market cap analysis, and potential investors, in which I talked about the amazing mid-to-long term potential for GME. +* After the Citron tweet, I shared this [fan fiction on what looked like blatant market manipulation by shorts](https://www.reddit.com/r/wallstreetbets/comments/l1tg88/gme_how_shorts_manipulated_you_and_how_you_can_be/) on the day of the tweet, and offered some education on strengthening your position. This one got buried and is worth reading. +* [EndGame Part 3](https://www.reddit.com/r/wallstreetbets/comments/l528pz/gme_endgame_part_3_a_new_opponent_enters_the_ring/) covered the gamma squeeze, potential shady tactics by MMs, and some tips for staying safe. +* [EndGame Part 4](https://www.reddit.com/r/wallstreetbets/comments/l6y7om/gme_endgame_part_4_the_saga_continues/) covered the continued gamma squeezing and the resulting tenuous position of the \~50M shorts that were still in GME. +* [EndGame Part 5](https://www.reddit.com/r/wallstreetbets/comments/l7clyl/gme_endgame_part_5_they_couldnt_win_so_they/) (deleted by mods, posted by someone else in comments) went into the implications of the absolute mindfuck trick the shorts pulled when they limited buying of GME (and other heavily shorted stocks) + +# Important External Reading + +These three non-reddit articles are critical for understanding the short playbook. This is essential reading if you want to understand how the funds that are short GME may have manipulated/directed the DTCC to strong-arm Robinhood to halt buying on the 28th. My key takeaway from all this is that the core investigation needs to be happening with the **DTCC/NSCC** to understand why the margin changes were forced upon RobinHood, and who specifically asked for the buying halt on the 28th. I believe shorts worked together with brokerages and the DTCC to rob investors of over $40B of value, representing what is probably one of **the greatest financial crimes of the century.** + +* Anatomy of a Short Attack - Seeking Alpha article from 2014. Can’t link it. Search for it. Key tactics that shorts use (and have used on GME) + * Flooding the offer side of the board + * Leveraging counterfeit shares + * Media assault [(see my post on coordinated put buying with the Citron post](https://www.reddit.com/r/wallstreetbets/comments/l1tg88/gme_how_shorts_manipulated_you_and_how_you_can_be/), and pay special attention to media treatment of GME to drive down sentiment) + * Analyst reports (BofA coming out with a ridiculously low price target) + * Frivolous SEC investigations meant to distract the SEC + * Like [this one filed against DFV/Roaring Kitty](https://www.businesswire.com/news/home/20210216006262/en/HAGENS-BERMAN-FILES-SECURITIES-CLASS-ACTION-Complaint-against-Keith-Patrick-Gill-MML-Investors-Services-and-Massachusetts-Mutual-Life-Insurance-Company-over-GameStop-NYSE-GME-Stock-Manipulation) + * **Pulling margin from long customers** +* [Illegal Naked Shorting: **DTCC** continuous net settlement and stock borrowing programs have loopholes that facilitate illegal naked shorting ](https://smithonstocks.com/part-7-illegal-naked-shorting-dtcc-continuous-net-settlement-and-stock-borrowing-programs-have-loopholes-that-facilitate-illegal-naked-shorting/) + * “There is an integral relationship between the DTCC and hedge funds" + * On regulation SHO: “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.” +* [“How phantom shares on Wall Street threaten U.S. Companies and investors”](https://www.thekomisarscoop.com/2020/03/how-phantom-shares-on-wall-street-threaten-u-s-companies-and-investors/) (March 2020) + * This article is **a bombshell -** a **former DTCC employee** whistleblowing fraud in relationships with DTCC and short funds + * What’s happening with GME **happened before** with Fannie Mae and Freddie Mac: “**evidence that more shares were sold than ever existed**” + * “The main problem is that Reg SHO has no real teeth for enforcement. **The brokers** are never called to be responsible for their behavior.” + * **Banks play by different rules!** “The SEC continued to declare that fails to deliver were not an indication of naked short selling. That changed when Goldman Sachs and other financial firms needed to be protected. Trimbath pointed out that **not till the banks/broker-dealers began to see massive numbers of fails to deliver in their own shares did the SEC put a short-selling ban in place – but only for the shares of banks, insurance companies and securities firms**, including the very culprits responsible for the dirty system.” + * “Who controls the DTCC? **The answer is that the banks and brokers who use DTCC‘s services, who process trades there, who fail to deliver there, are insiders who sit on the DTCC Board of Directors.”** + +# History of shares and shorts on $GME + +Here’s some history on GME that’s worth knowing so you understand the context of where we are today. + +* **GME used to have many, many more shares outstanding.** Back in 2009, there were over 160M shares outstanding, and GME has steadily been reducing the number of shares outstanding through buybacks and share retirements, concluding with a **massive share 40% buyback in 2019** pushing GME under 70M outstanding shares. + +&#x200B; + +[When you look at a price history chart, you need to factor this in. So when GME’s share price was $50 in 2008, its market cap was actually $8B not $4B like it is today at $50\/share. ](https://preview.redd.it/ejtu6zwpw2i61.png?width=970&format=png&auto=webp&s=39251744113f8248a9b8290193d0df5e7436ae2a) + +* **GME used to be in the S&P 500.** It was added in December 2007 when it had around an $8B market cap and removed in April 2016 when its market cap had dropped to around $3B. In 2016, there were about 25M+ shares shorted of GME. **It’s very likely GME was shorted out of the S&P.** +* **Short interest did not decrease after share buybacks.** In 2019, GME bought back and retired 40% of their shares yet amazingly the short interest **increased**. How is it possible that shorted shares, **if not naked**, did not have to find new borrows to cover? How could they have found 30M borrows in such a short period? + +&#x200B; + +https://preview.redd.it/axl9ipwqw2i61.png?width=937&format=png&auto=webp&s=bd2743962405738469193d7e6c59d3068f1f8d78 + +* **How were shorts able to increase their short position by 20M shares in such a short period of time?** In July 2019 GME bought back and retired 10M shares. At the same time, shorts increased their short position by 20M shares. How is this possible? How could they have borrowed 20M more shares while shares are being retired and removed from float? + +&#x200B; + +https://preview.redd.it/d9fdeyrrw2i61.png?width=1030&format=png&auto=webp&s=3efeb376b15e8574e98fa90622c79f1eadcd8772 + +* **Shorts did not close at $3 because of a tax loophole.** Shorts had been shorting GME since it was well over $40/share in 2015. By April 2020, GME had dropped to under $3, and shorts were sitting on **billions in profit.** Why not take profits? A little known **tax loophole** allows hedge funds to **pay no taxes** if a company they shorted goes bankrupt, as they do not need to close the trade, so the profit is not realized. +* **Many of the major short funds are disciples of Steve Cohen, who previously paid billions to settle insider trading charges.** Maplelene capital, Melvin, others are all Steve Cohen cronies. Who bailed out Melvin? Steve Cohen. +* **There are many strange connections between DTCC’s actions and shorts.** As you know DTCC/NSCC put a gun to Robinhood’s head demanding billions in liquidity to support their customers buying GME. At that point more than 50% of Robinhood’s users had GME. + * Robinhood is only worth around $10B. The amount being asked for from DTCC was likely to drive Robinhood into the ground had they not found a solution. + * **Key question: Who suggested the buying halt? Was it Vlad? Or did the DTCC suggest a buying halt to as a negotiating tactic to reduce the liquidity requirements?** Sounds very much like a “turn off buying or else” kind of arrangement. + * Keep in mind, that at this point shorts were on the verge of losing **upwards of $50B** as **GME was well on its way over $500/share**. So Citadel doesn’t care about shooting down Robinhood. It’s a minor toe amputation to save their leg. + * The 4am call from the DTCC happened **2 days after Citadel and Point72 bailed out Melvin** and **1 day after the put:call ratio for GME flipped 3:1 for puts** \- not only was this coordinated, shorts knew this was coming and profited from it + * **If a regulator/lawmaker/SEC agent could figure out who bought those puts, you’d know something interesting.** + +# Why GME went up + +* Many pundits in the media were extremely confused why the price of GME got so high. Let me try and explain this. + * First, the **current price of an equity is just the last traded price.** This is a very, very critical piece you need to understand. When there are 70M shares outstanding, and 1M shares get traded back and forth multiple times a day, the price you see is just the price of the active float trading back and forth. This is why many technical traders pay very close attention to **volume.** When there’s **high trading volume relative to total float**, it’s easier to believe the price is more reflective of actual underlying value. + * In the case of GME, **supply and demand** is the critical driver of price. As I mentioned in [EndGame Part 1](https://www.reddit.com/r/wallstreetbets/comments/kwb827/gme_endgame_dtc_infinity/) the true supply of GME shares (tradable float) is ridiculously low) + * The demand side comes in 4 parts: + * Value buyers - people like DFV who saw a company at $4 valued less than 1 year cashflow and decided to tell the world about how great of an opportunity this was + * Squeeze buyers - people and funds that smelled blood in the water and bought shares in anticipation of someone else **needing** to pay more + * Shorts covering - shorts that needed or wanted to buy as the trade went against them + * MM hedging - repeated gamma squeezes that had an outsized impact on price due to the low underlying liquidity of GME + * For a normal equity, most of that demand side **does not exist.** Low supply + high demand = high price. That’s why GME shot up. + +# The Big Reset + +This wasn’t just a squeeze, this was a massive reset on investors (long and short) for GME. + +* Any SEC filings (13G/13F) showing positions prior to Feb 1 are **irrelevant** (other than insider positions). It’s very likely many longs liquidated during the squeeze, and likely many shorts covered. Some of those longs that liquidated may re-invest, and some of the shorts that covered may re-short. +* Shorts were given a huge bailout, whereas they previously were sitting on losses upwards of $50B they were instead able to close positions at much lower share prices, with GME currently sitting at $49/share - a 90% reduction from its peak of $500/share prior to the buying halt on the 28th. + +# However, this is not the end for GME + +* Everything started with value on GME + * At $50, we’re back to a value play. GME’s market cap is now under **$4B.** Remember that GME has over $1B in e-commerce revenue alone every year and e-commerce is growing at 300%. For more on market cap potential, go see [EndGame Part 2](https://www.reddit.com/r/wallstreetbets/comments/l0czgs/gme_endgame_part_2_cohen_market_cap_potential/) or the excellent [gmedd.com](http://gmedd.com/) + * **Nothing that happened in the last few weeks has changed the core fundamentals of the business** or the **prospects for a Cohen-led revitalization**, so if you were in this for Cohen at $20-35, we’re not too far off from that right now. + * If people can afford to hold their shares, the float continues to shrink +* Wild cards remain (in order of decreasing likelihood) + * **Cohen still needs to buy his 7%**. He’s likely waiting for a good signal from the board that he’s going to be CEO as well as a good entry point. The officers added to the company on the board also need to buy their shares. They are not buying in at squeeze entry points. + * **Key point:** When insiders buy shares, their shares are removed from the lending pool. **This is part of the GME corporate bylaws.** I believe this is likely what triggered squeeze 1.0, as that happened roughly 2 days after Cohen’s 9M shares were likely recalled when he got added to the board. + * **Regulatory involvement.** It’s really unlikely the SEC is going to step up and enforce their own fucking rules, but hey if they did we might see some reductions in fails-to-deliver and the blatant naked shorting happening with GME. + * **Share recalls for a vote**. There are a number of reasons this could happen. I think it’s unlikely but if this were to happen non-naked shorts would need to cover. + * **People moving out of Robinhood** to brokers that can stop lending their shares - After this shitshow, I moved a few thousand shares out of RH. I didn’t realize they were being lent out to shorts and Robinhood was pocketing the difference. + * You can only get Robinhood to stop lending your shares if you move to a cash account, but **interestingly Robinhood’s instructions for how to downgrade to a cash account have disappeared from their site.** ([Try clicking on “downgrade” under Robinhood Cash here](https://robinhood.com/us/en/support/articles/robinhood-accounts/)). **Shady AF.** + +# How I’m thinking about GME now + +This is going to sound extremely strange, but **I’ve never been more excited to lose money.** I am holding several thousand shares in GME, but my position is only about 25% of my desired position, and I can’t wait to buy GME at lower prices. I hadn’t bought any shares since $35 (see my part 2 when I said I went all in), and sold on the way up to take some profit, but I’m slowly starting to add again around $50 with the profits I made from trimming on the way up when it got above my price target I shared in part 2 of $125. + +None of this squeeze drama, broker drama, etc. changes the fundamentals of the company and why I was bullish in the first place. I think that the core short thesis of “GME is another blockbuster destined for death” is dumb and I think Cohen is going to cause a future re-rating of the company. + +Since part 2, some interesting developments have happened at GME, including the addition of new officers of the company (more Chewy execs and one ex-Amazon exec as the new Chief Technology Officer). + +I believe strongly that Cohen has a strong chance of becoming CEO. I don’t think they would have been able to add the talent recently had it not been for him, and the creation of a tech officer position is a clear signal that the thinking of how to run the company is changing. (Think about it - **if this was just blockbuster with a website why would they need a Chief Technology Officer?**) Big plans are afoot folks. **$4B for GME is cheap.** + +That being said, I’m hoping for a further dip. I’m **selling puts from 40 down to 10** hoping to score as many cheap shares as I can, and to take advantage of the still-insanely-high IV. + +# Suggestions + +This is going to be a long fight. It is painful for all of us, regardless of your cost of entry, because longs would have won the battle had the market remained free. Instead, funds, clearinghouses, brokers colluded to restrict buying and eliminate the demand side of the market. + +Here’s some thoughts on managing your GME positions going forward. + +* **Take advantage of IV while it is high.** While IV is still high, sell puts if you want to add, sell calls to reduce your cost basis. For example, I sold 2/26 9p for like $0.5 - **that’s a 6% return on capital in less than a month**, and either I own GME at $9 (awesome!) or I keep the premium (also good). I personally believe we will not be allowed to squeeze unless regulators step in and open up the market here, which will not happen quickly, if ever. So I’m selling calls against my remaining shares. + * I also sold some Nov 70p for \~$42. Let me explain this trade for those of you that don’t sell puts normally. Selling puts gets a bad wrap of “pennies in front of a steamroller” but this is **not the case with GME if you do it right.** + * Someone paid me $4200 now for the requirement that I would be forced to buy 100 shares of GME at $70 in november (total of $7000). + * So I have to set aside $2800 of my own capital to secure this put. + * Two scenarios: + * So, in my mind, this is a trade that “can’t go tits up”. + * “Downside” risks: +* **Have your own price target:** Keep a valuation target in mind below which you believe it makes sense to add, and above which it makes sense to trim. If you are in need of some research here, see gmedd.com. I also wrote my own long-term bull targets in [EndGame Part 2](https://www.reddit.com/r/wallstreetbets/comments/l0czgs/gme_endgame_part_2_cohen_market_cap_potential/). Buy low, not high folks - don’t fomo. +* **Stop sharing your positions publicly.** I know this is anti-wsb, and I think sharing them is great for this community, but in the case of GME it’s an **attack vector** for you. +* **Be careful of holding weeklies until expiration.** Remember the multiple trading halts? What if trading gets halted on Friday at 2pm and doesn’t resume for the rest of the day? **All your calls would expire worthless. Depending on your broker and your cash positions, maybe even your ITM ones.** Roll (or sell, if you’re taking profits) your weeklies well before expiration. +* **Get the F out of Robinhood.** While Robinhood was just a pawn IMO, why do you want to use a broker that can F you so easily? They lend your shares to shorts and don’t pay you for it, margin call you when you’re winning, sell your shares at absolute lows, and pass all your data to Citadel. I don’t think the “free” commissions are really free. RH is worse for your financial future. +* **Minimize regret; don’t maximise profitability.** I sold some shares “early” on the way up to take out my cost basis and some profit. I missed all the peaks (never sold any shares above $400), but holding out for “maximum profit” led to a bit more regret when things went the wrong way. +* **Don’t bet more than you can afford to lose.** I’ve been in GME long enough to know that just when you think going up is a sure thing, you can be surprised by a new trick. If you bet it all on weeklies all at once, you may not be able to recover from being wrong on the timing. Consider longer expiry or spreading your purchases out. I’ve held through multiple 50%+ drawdowns in the underlying; you need to be ready for the volatility. +* **Watch out for stop loss hunts.** It’s common practice for shorts to hunt for stop losses for cheap shares. If you’ve set a stop loss, be really sure about it. +* **Don’t sell on dips.** You’re only helping the shorts. If you need to sell to take profits, sell when it’s heading up. Sell high, not low retards. +* **Save dry powder to buy on dips.** Dips manufactured by shorts are buying opportunities. Take advantage of folks with paper hands to capture shares at low points. GME has incredible daily volatility. Set a low limit buy and just wait for the order to fill. Have patience when buying. + +This is not financial advice; do your own DD. I’m holding what previously was valued at over $1M in shares and calls. And I added 1500 shares these last 2 weeks as well as sold hundreds of puts to either capture six figures of premium or buy 7 figures worth of GME at price points I find attractive. + +# Bonus: If I was Maxine Waters, what would I ask? + +On February 18th, Congress will be interviewing Robinhood, Melvin, Citadel, and DFV. Here are some questions I’d love to see asked with the answers aired out in public, under oath. + +## Dear Vlad, + +1) Have they ever had such a dramatic margin increase request from DTCC before? + +2) How much time have previous requests been given to accomodate vs this one? + +3) Who suggested the solution of restricting buying? Was it Robinhood or suggested by DTCC as a concession in return for a reduced margin requirement? What other solutions were explored and why were they not pursued? + +4) To his knowledge, are there any historical professional or other relationships between the decision makers in the DTCC to the funds that are/were shorting GME + +5) What is preventing this from happening again, should GME’s price rise again to $500/share or more? + +## Dear Kenny G, + +1) Could you explain the reasons for your bailout of Melvin capital? + +2) How many members of the DTCC are former Citadel employees? + +3) Did you or anyone in Citadel communicate with the DTCC prior to their margin changes to robinhood. If so, what were the nature of these communications? + +4) What positions did Citadel take against GME prior to the buying halt on the 28th? + +5) Did Citadel share any of its order flow data with any hedge funds shorting GME + +6) Did Citadel have any communications with Robinhood senior management in the weeks leading up to the 28th? + +## Dear Plumpkin, + +1) Please explain how shorts are able to short greater than the outstanding float of an equity + +2) Short interest increased by 20M shares in July 2019. Did Melvin increase their short position in that timeframe? If so, please explain how you were able to borrow shares when 40% of GMEs float was bought back + +3) Please explain the method by which hedge funds do not pay taxes when they have a short on a company that has gone bankrupt + +4) Are any members of the DTCC former employees of Melvin Capital? If not, please share what communications between the DTCC and melvin capital the weeks leading up to the 28th + +5) Did you have any agreements written or otherwise with other major shorts of GME. I e. Maplelene Capital + +6) There were 6000 short term puts purchased within 30 minutes prior to Citron's tweet announcing their pending argument against gme. Did Melvin capital purchase any puts on that day in that time frame? + +7) What was the arrangement between citron and melvin capital? + +8) Have you ever paid for media placements against GME + +9) Please explain why you could state that you have closed your short positions when your recent filings say otherwise + +10) Did Melvin open short positions on X-"R"-T when they closed their short gme positions + +11) Please explain your process to locate borrows for shorts. With whom in the DTCC do you cooperate with? + +12) Has Melvin Capital ever been forced to buy-to-close short positions as a result of Regulation SHO / fails to deliver? +I have never seen a family like this one. Apes from all other the world, apes from all ages believing in a common cause. + +2008 crisis was very difficult, people lost their jobs, their homes, their savings, their retirements, lots of people lost everything… And here we are 2021, as if nothing happened, nothing changed the system and is as corrupted as before. + +I'm holdling until the end and only sell on the way down. + +I hodl for our parents who helped us be what we are. + +I hodl for our children, to leave a better world. + +I hodl because I know I’m not alone. + +I hodl because you give me the strength to hold. + +I hodl because I know it’s the right thing to do. + +I hodl because you opened my eyes. + +I hodl because I’m tired of so many unfair things. + +I hodl because I read so many touching stories in these subs. + +Every single ape counts, every single share counts. + +No ape will be left behind, all apes will have enough tendies to change his life and the lifes of his beloved ones. + +Thank you apes and apesses, you were able to make me feel once again in my 20’s and this has no price!!! + +Apes together strong!!!! + +&#x200B; + +EDIT: We just came back and I found all these comments !!! Guys it's very touching, it was not my intention !!! All this is price less. I just want to thank every single ape and apesess in here, this is an example on how we are all connected and need each other to survive. Congratulation to all mothers!!!, today or next week!!! We only leave once so take care of yourselves. Let's see what tomorrow monday bring's to us!!! + +&#x200B; + +Second Edit: Thanks to everybody, you all make my weekend!!!. Thanks for all these awards, there was no need. Tomorrow is monday!!!! let's go for it!!!! +I'd just like to make my position clear on why I'm invested. Web 3 is a misleading term. People are acting like we're financing the reinvention of broadband. That's ludicrous. Decentralization is slow and expensive. The more actors involved, the more inefficient. + +Cryptocurrencies are the prospect of providing sound money to those with no access to it. There is no such thing as sound money without the ability to enforce agreements. We are financing automated governance. That's what currencies are really backed by. That's why it's called 'legal tender'. Digital gold is completely unnecessary and irrelevant. + +I'm not interested in disrupting amazon or apple or google. I'm interested in disrupting the global power structure. Cryptocurrencies have a lot of fucking work cut out for them. Not everything that needs to be done will be profitable. Not everything needs it's own currency. + +If you're just coming for the profits, make them short term. If you're here to finance a revolution, you should only concern yourself with developing a greater position for when the space has matured enough to give central bureaucracies a run for their money. +Some of these recent posts are acting like the split will cause lift off? But like what if it doesn't. +Im not trying to shit on your parade. + +But ever heard of Premature Jocularity? + +I just personally think acting as if its all over to it not being over when masses think it will be will only emotionally hurt some people. Or maybe some of the newer people to abandon ship when another promised date falls short. +On that note what ever happened to no dates? +Also +I still am not seeing any people being sentenced to jail time +I still haven't seen shorts close. +Still haven't seen mad price movents, haults or margin calls? +Unless im missing some news that some of you seem to of seen... +But all this sub seems to do is updoot rando "turst me bro" twitter pics or rando speculations with no hard evidence. +To me that seems like the biggest forum slide of all. the lack of real information has been surpassed by shit posts and twitter pics. +Not saying i need weekly dd to confirm my already deep belief in moass. But these criminals have been criminals for longer than some of us have been alive. So im sure they know some more fucking bull shit fuck you moves to kick a can longer. +🤷‍♂️ +You have to admire the incredible consistency of + +1) The DD Writers + +2) The TA analysts + +3) The Trust Me Bro Bros + +4) The Options Push Dudes + +Each and every date prediction has been consistently wrong + +There's a very simple reason for this + +They are considering every small piece of the puzzle by itself. They are not looking at THE ENTIRETY of what is going on + +************************************************************************* + +well, here to save the wrinkle brained, and perhaps the smooth brained too, I present to you + +The One Theory to Rule Them All -> The Price is 100% Fake Theory + +************************************************************************************** + +Let's start with Total Retail Swaps and Cycle Theory + +Cycle Theory is an approach that did pattern recognition and figured out that the stock price of GME and of all the Heavily Shorted Stocks moves in a 3 month cycle + +The fathers and mothers of this theory were + +PWNWTFBBQ - based on mathematical analysis + +Astro - based on Studying the Charts and Identifying Patterns + +Criand - based on Total Retail Swaps DD (the theory that all the heavily shorted swaps are all in a Total Retail Swap/Bundle and on the books with Banks) + +This theory is 100% accurate when looking back and 0% accurate when looking forward + +There is a simple reason for that -> 3 month cycles were a 'CONVENIENT' time. It was literally someone writing code and putting in 3 months loop because the wanker was too lazy to code another 3 weeks and add a 3 year loop (which would be almost impossible to catch) + +Once the cycle was found -> algorithm can get adjusted. it cannot ESCAPE its never ending loop that did not account for Buy, Hold, DRS. Yet, the cycle can be moved out + +It can change the times of the cycles and when stock has to 'adjust'/'jump' + +The reason for the 'jumps' was to make it seem REAL movement. It had NOTHING to do with all the prophesized 'reasons' for the 3 month cycle + +********************************************************* + +The one really important thing that these 3 theories/observations did do is + +Showed us the path i.e. everything is just an algorithm + +There is ZERO significance of Buying and Selling + +Our esteemed 'It's only been X weeks' dude, GG, also confirmed this by admitting that 90% to 95% of retail trades never hit lit market + +GG has admitted it + +Are we still going to believe that 5% to 10% of retail orders can affect the stock price in any meaningful way??? + +********************************************************************* + +CYCLES -> Their part is simply to show that + +IT IS ALL AN ALGORITHM + +And that whoever coded the algorithm to PRETEND there was natural stock price action made two mistakes + +A) Made the pattern repeating - every 3 months + +it also repeats between days and weeks and months sometimes. Where one day will look like 2 months ago, etc + +B) Made the algorithm unable to handle the possibility that retail goes Full Retard and doesn't sell whether stock spikes or falls + +****************************************************************** + +II. Technical Analysis + +Now we will talk about Technical Analysis + +TA is incredibly important BECAUSE + +A) A lot of people believe in TA + +B) A lot of people are sitting on the sidelines WAITING for the RIGHT TA SIGNAL + +Now, what happens when + +Stock Price is completely FAKE + +AND ALSO + +Lots of TA Analysts and TA believers are waiting for THE SIGN + +Unlike Ace of Base, they NEVER see The Sign + +Why? + +Because at every point of TA Break out + +-> Just manipulate the stock price down + +Every point of possible TA breakout - FAILS + +*********************************************************** + +Whether or not you believe in TA + +there is something that should strike you as AMAZINGLY CONSISTENT + +Every single TA breakout point - has had a drop + +So, either TA is PERFECTLY OPPOSITE of what is going to happen (and we know that whether TA is accurate or not, it can never be PERFECTLY 100% INACCURATE) + +or + +The stock price is COMPLETELY FAKE + +and every time there is about to be a TA breakout and people are excited and TA dudes are ready to jump in to GME + +There is a BREAK in the TA pattern and stock drops + +How can it be 100% + +TA dudes are not Cramer + +Heck, even Cramer is not 100% OPPOSITE of right all the time + +TA being 100% INACCURATE at predicting Break out Points is Mathematically IMPOSSIBLE + +If it were guesswork - it would be right half the time + +If it were valid (who knows) - it would be right 55% to 75% of the time + +For it to be 100% wrong + +For every TA break out to not happen + +What does that mean? + +That means SOMEONE is ENSURING the stock FALLS instead of rising Every Single Time there is a TA breakout incoming/about to happen + +They want to ensure an army of TA believers does not pile into GME and trigger GME MOASS + +*********************************************************************** + +The big takeaway we take from all TA is not whether TA works or not (who knows) + +It is that + +On GME, TA is wrong 100% of the time when a big breakout is predicted/ supposed to happen + +That is only possible if + +The price is COMPLETELY FAKE + +and SOMEONE can show whatever GME price they want + +And they are SPECIFICALLY TARGETING GME Price at every point where GME could technically break out + +******************************************************************************* + +I. Cycle Theory + Total Retail Swap Theory + +and + +II. TA + +both point to the EXACT SAME THING + +It is all an ALGORITHM + +The Price is 100% FAKE + +There is NO way to affect the price because People who control the price can put ANY price + +Due Diligence is useless because they can put price at anything they want + +TA is useless because it is 100% Inaccurate because stock drops every time there is supposed to be TA Breakout + +Stock is DROPPED at every point that there might be a breakout + +--> + +BOTH are telling us the EXACT SAME THING + +It is all an Algorithm + +The price is completely FAKE + +Due Diligence cannot work + +TA cannot work + +******************************************************************************* + +III. Options Pushes and the Belief that Options can 'put pressure' on Market Makers and SHFs + +For the last 12 months we have had these Options Pushes + +Earlier it was subtle (July 16th, 2021 + Sep 9th, 2021) + +Recently it is very In Your Face + +******************************************************** + +What is remarkable is that + +A) Option Pushes always seem to line up with the Cycle Theory + +B) Options Pushes line up with TA a lot of the time + +C) Options Pushes ALWAYS lead to rug pulls + +July 16th, 2021 + +Sep 15th, 2021 + +Nov 23rd, 2021 + +Jan 31st, 2022 + +Feb 18th, 2022 + +(for some reason an incredibly impatient new date) Feb 23rd, 2022 + +Options Push dudes are incredibly inaccurate. Somehow they get it 100% wrong + +They must be related to TA guys + +OR + +Perhaps + +The options push never works and predicted dates never work + +Because + +THE PRICE IS COMPLETELY FAKE + +**************************************************************** + +What do Options Pushes guys do? + +They find places and dates where there is a Gamma Ramp + +They find dates where SHF have liquidity issues and IN THEORY are weak + +They make a push to buy In the MOney Options and At The MOney Options + +hoping that - Market Makers will have to hedge + +Then the price will go up + +Then that will make more calls in the Money + +Then they will exercise their options + +Then Market Makers will have to hedge + +Then price will go up more + + +IN THEORY - this is very sound + +In practice - it doesn't work AT ALL + +Please look at dates like July 16th, 2021 and Sep 9th, 2021 and most of all Jan 21st, 2022 + +There is NO WAY IN HELL these dates could have gone by without GME MOASS + +until and unless + +Market Makers are NOT HEDGING + +AND ALSO + +Price is COMPLETELY FAKE and is brought down JUST ENOUGH to survive Gamma Ramps/avoid Gamma Ramps + +************************************************************************** + +Suddenly we come to a shocking conclusion + +The complete and utter failure of Options Dudes to trigger Gamma Ramps and MOASS + +is not because they are idiots (well, some of them give it a good shot) + +it is due to EXACT SAME REASON + +- all the DD writers fail in their predictions + +- all the TA guys fail in their predictions + + +THE PRICE IS 100% FAKE + +That's the theory + +The Price is 100% Fake + +*************************************************************************** + +People are giving various reasons for why dates are not working + +The actual reason is INCREDIBLY SIMPLE + +1) DD Dates are not working -> It assumes the system has some honesty in it. That SHFs are pushing some levers to adjust price. That Apes can push other levers to fight back + +In reality - The price is COMPLETELY FAKE + +So Apes don't have any levers to affect price + +Apes have other levers. However, NOTHING WHATSOEVER to show an honest price + +---> net conclusion: The Price is 100% Fake + +**************************************** + +2) TA Predicted Dates of Break out are not working + +Every single point of TA break out is failing. How is that even possible -> until and unless the price is COMPLETELY FAKE and SHFs are targeting EXACT points of TA breakout + +to avoid FOMO from TA Dudes + +to kill morale + +Again, net conclusion -> Price is 100% FAKE + +*************************************************************** + +3) All the options pushes are failing + +Gamma Ramps are being ignored COMPLETELY + +Price is always falling to a price where SHFs can escape every Options Apocalypse + +It is almost as if price is adjusted to ENCOURAGE spending on options and then DROPPED at the point where Options might blow up the system + +Again, no one can be 100% inaccurate all the time + +Options Dudes have been predicting dates for a year + +Gamma Ramps have been MASSIVE for a year + +For NOT A SINGLE DATE to work out + +net conclusion -> The Price is 100% Fake + +****************************************************************** + +What the sub really needs is UNITY + +Instead of all these theories that want AGENCY (a feeling that Apes can control the stock price and trigger MOASS) + +ACCEPT that Apes can control A LOT of things + +PRICE of the Stock is not one of them + +There is not a SINGLE date where Apes have had control of the stock price + +Not one day + +How can you win a game + +WHILE playing on a map controlled by SHFs + them adjusting it on the fly to keep benefiting themselves + +PERHAPS + +The path to unity is to understand + +THE PRICE IS 100% FAKE + +No Due Diligence is going to save anyone + +No TA is going to predict anything + +No Options Push is going to do anything + +The Price is 100% FAKE + +************************************************************** + +Price is 100% Fake Theory + +you might not like it. it might take you a lot of time to accept that 'not only is life not fair, it is completely rigged against you'. + +yet it is inevitable + +It fits PERFECTLY. not just the past. It fits perfectly THE FUTURE + +************************************************************* + +The thing that is going to UNITE the sub and also UNITE all of Retail + +Is the understanding that + +The Price is 100% Fake + +The Market is 100% Fake + +Market is designed to take money from honest people and shift it to dishonest people + +WHILE giving honest people a nice fake chart with ups and downs to make them feel their buying is actually doing something to the stock + +The Most Effective Stock Market to steal money is one where All the Prices are 100% Fake +To summarize the situation at Citadel (and other SHF) + +1. $65B owed but not bought. Growing every single quarter at rapid rate is not a good thing for Citadel. +2. Short GME a F-ton. It is known. Largest and busiest short frenzy there is and ever will be. Member 140% reported? Member SEC confirmed those positions had no evidence of closing? +3. $500M Melvin loan taken back out of necessity +4. Melvin bag never closed…just absorbed their position because they had no choice +5. Credit rating is tanking each quarter. Almost near junk bond status +6. Begging for more money externally for the first time. $600M to be exact from Paradigm and Sequoia who both subsequently got burned by FTX +7. Clients withdrawing funds. 16 clients remain. Withdraw caps implemented with penalties to prevent those 16 clients from pulling out more $ +8. Swap reporting delayed TWICE to hide positions until 2025 +8. FTX & crypto collateral imploding by the day +9. Credit Suisse about to implode +10. Evergrande / China is ticking time bomb +11. Banking/HF’s continue to get crushed on earnings +12. Interest rates continue to rise - fed not slowing down +13. Gary proposing new market architecture on PFOF +14. Ken moving Citadel to Florida to mask downsizing of office +15. Ken firesaling his personal assets and seeking Florida real estate protection +16. Lawsuits on spoofing now appearing +17. Ken lied under oath to congress +18. Ken looks like complete shit. Has anyone asked him if he’s doing ok? +19. Hit articles won’t stop giving me an enormous erection +20. Shills and bots ferociously covering up anything that’s looks damning +21. DRS train not stopping!! + +22. SHF/Citadel had to go through the trouble of faking a DRS sell off to “scare” apes this quarter 😂 Only option remaining is kitchen sink…..or even worse crime! If I was looking for confirmation that this the right direction THIS WOULD BE IT + +23. Massive web of citadel Shell companies being formed with nothing more than a PO Box as an address. I.e. Glacier capital + +24. Mayo force one flying to remote stops in Africa with multi $billion dollar Bitcoin wallet transfers occurring within minutes of takeoff/landing + +25. SEC can’t afford coffee but can spend $700k on anti meme video. + +26. Kenny’s fake interview glitch …audio had clapping at wrong time. Big oops. Showed the desperation. + +27. Ken vomiting off screen - pathetic and some weak a$$ shiz + +28. $80 Trillion in off balance sheet FX swaps debt. + +29. Splividend not handled in consist matter by DTCC as other stocks. Why? Still haven’t gotten an answer. Likely because the system can’t handle an implosion + +30. A record keeping warehouse coincidentally went up in flames last year + +31. Citadels hissy fit on twitter when the details of the Robinhood lying under oath came out. + +32. Citadel removing comments from social media, google reviews, and Glassdoor job reviews. Scrubbing the internet of bad press and attempting to steer google search algos to fluff pieces. + +33. Citadel London office shutdown + + + + + + +Edits made - added a few more! + +And yes it’s DisneyWORLD! +A little background: +- Double income ~300k total (varies based on bonuses) +- Both late 20s +- Own a house with mortgage (500k left to go...), cars paid off +- About $200k invested in regular ol' brokerage accounts (plus another ~$300k in 401ks and Roth IRAs) +- Both of us have the ability to do Mega Backdoor Roth (currently invest/save $4000/month, with plans to bump once house projects are finally done). +- No set retirement date yet but work often sucks so the earlier the better yeah? We're on track for early/mid 40s.. hoping to do chubby FIRE with ~3.5 mil. +So now the question becomes: Is anyone planning on retiring early enough that you don't want to tuck everything into a retirement account? If we stay on track and retire ~45, it'll potentially be 15 years after retirement until we can dig into that money penalty free. +I want to take advantage of the Mega Backdoor to its fullest, but I don't think that's currently reasonable because I need an income from ages 45-59 and I don't want to take a penality. Looking for advice from others lucky enough to be facing this issue. +Original: https://www.reddit.com/r/fatFIRE/comments/ej5zbg/i_have_somewhat_an_embarrassing_question/ + +I did it. And it has been a while now that I can enjoy the result. + +I want to say thank you for dudes and dudettes here who suggested Artas FUE method. + +My case wasn’t as severe compared to other people, but it looked really bad because of the random patches. + +I can’t believe how stressed I was for so long about this issue compared to the $10k I spent. Easily one of my best purchase. + +Edit: I was mistaken, I paid 12k, not 10k. +The quality of DD lately has become horrendous. I wouldn't be surprised if most of it came from hedge funds, trying to get people to buy in so they can drop the bag somewhere along the way. I have a theory, that banning the word "Squeeze" would remove the shit quality DD, in hopes of seeing some good, retarded plays, based on shit that may, or may not happen in the future. + +Like for example, SPCE is a retarded YOLO play, but there's an idea about its future. Gun stocks would be another retarded play if you were betting that CPI numbers will lead to raiding of stores, as people become desperate for supplies. However, most of the shit on it is "bUY sHorT SqUeezE IncOmINg!!1!" when the reality is that they want the price pumped up because now they have their position opened so they can make a quick buck. The amount of scrapers running over this reddit is so crazy that I could probably say "Buy PLTR shares, short squeeze incoming", and scrapers would be bought in within seconds, even if PLTR had 0% short interest. + +Thus, I petition a temp ban of the word "Squeeze" in discussion, except for exceptional cases, where short interest is at 80%+ (This number can be negotiated). My bet is that DD quality will skyrocket, and if I could buy calls on it, I would be YOLOing on OTM ones, as far out as they go, because right now, DD is at an all-time low, so much so that I just skip the post. +I am in the process of considering taking a 3 month sabbatical at the end if 2020. I am young (will turn 24 this year), so I will likely have some time to recover in the long run. However, what is holding me back is the fear of the unknown with regards to my net worth, potential salary/earnings, not great prior job history, and employers questioning it + +How I would do it is from the end of August through October (and/or through the time off) apply for jobs and interview. I would leave my current role in the beginning of October and negotiate to start a job in January 2021. + +During the sabbatical I would travel and take courses on R or Python. Would this be worth the risks mentioned above? + +Here is a rundown of my personal situation: + +**Finances**: + +High interest savings account: $26.8k + +Brokerage account: $31.5k + +Roth IRA: $12.5k + +Rollover IRA: $2.8k + +Savings Bonds: $1.3k + +No Debt + +Average yearly spending: $21-24k + +**Job Experience:** + +Worked in current job for just over 1 year at my current job and worked about 7 months at my prior job. +(I am posting this as a new thread since the text is too long for a comment in the mega thread). + +TLDR + +* As and when we realize cash in the funds - scheduled maturity, orderly sale - we would disburse on a monthly basis +* It is not going to be back loaded (edit.. i.e. the payouts would start soon enough) +* This was an incredibly difficult decision, but we did it as the only viable option + +Notes from Franklin call... + +The call is meant for advisors + +(poor audio quality) + +recording and transcript would be available + +&#x200B; + +* After reco from trustees, we are voluntarily winding up 6 funds +* Severe redemption pressures on debt funds +* Liquidity is low +* Timeline of improvement unclear... +* We want to provide equitable exit to investors in an orderly way... + +Winding up means + +&#x200B; + +* No transactions at all - redemption, purchase, transfer +* Preserving value by liquidating securities in an orderly manner +* No management fees during this time + +Reasons that led to this + +&#x200B; + +* Redemption pressures +* Lower MTM +* Reduced liquidity of bonds - particularly lower rated +* Bond market may not return to normal for quite some time +* Very difficult decision - dont want sales pressure in illiquid markets + +Impact on AMC + +&#x200B; + +* Impact is limited to six funds impacted by the liquidity +* Other funds are not affected - have independent teams +* Remain committed to business in India +* Have an experienced equity team +* We would rebuild further in India + +(lost 5 minutes) + +&#x200B; + +* Situation is unprecedented +* Firm is very committed to India +* Outstanding franchise here +* 3000+ employees in India? +* Want to do the best for the investors + +(lost another 5 minutes) + +Anand - Equity Head + +&#x200B; + +* Capable equity team +* Team has seen many market situations +* Backed by global risk management practices +* Quality and sustainable growth are basic principles of portfolio +* Teams have grown organically +* operate independently + +View on markets + +&#x200B; + +* Even quality companies have taken a hit +* Upside potential is good +* We see a gradual recovery rather than V shaped recovery +* Investors can keep faith in FT equity funds + +(lost few more minutes) + +Santosh - CIO Fixed Income + +Context + +&#x200B; + +* Best interests of the investors - principle that we always follow +* Conditions are tough +* As economic situation normalizes, financial markets would also normalize +* Have been in the market for 25+ years - while markets had problems, the economic situation was milder than financial markets +* Currently economic situation is uncertain +* Long uncertainty reduces risk appetite +* Central banks are  trying to induce risk appetite - by various means +* RBI has done a lot over the last few weeks - including out of the box solutions +* Still, there would be flight to safety +* Biggest issue for us is the redemption pressure in open ended schemes +* Market is quite low for lower credit quality papers +* If uncertainty continues, this would keep getting worse + +Wind down process + +&#x200B; + +* We have various durations +* Maturity would happen +* When the market gets better, we would look for orderly sales +* Balance paying out early and preserving value +* **"Keep paying back"** all our investors +* **Periodic and repeated payouts to investors** +* We have generated cash of 25,000 in the last six months in these six funds - maturity, orderly sale, etc +* Have confidence of doing this in the coming months too +* Shorter duration funds would pay out faster +* In the meanwhile, NAV would be published + +Difference between 'managed credit' and 'high credit' funds + +&#x200B; + +* Have been doing this for 15+ years +* When markets are volatile, opportunities also come up +* Managed credit has helped in this situations +* In the last few years, we built a separate high credit  team +* 15,000 + crore AUM +* This has not been noticed that well by market - spotlight has been on the managed credit side +* We feel confident about this high credit set of funds + +Implications on investor + +&#x200B; + +* Liquidity in the fund is needed to allow people to redeem +* Liquidity has a cost +* But it is borne by the investors who stay +* Current situation increases the cost of liquidity +* Wind down does the trade-off between value and liqudity +* In wind down process, liquidity is not at investor's choice, but at fund's choice + +Vivek - FT as an AMC + +&#x200B; + +* There is no doubt on our commitment +* Over the decades we have created value on equity and debt +* Please judge us by the long term record, and also how we manage the wind down process +* Purpose of wind down is to optimize value for investors +* We have several different investment teams - operating independently +* Even within debt,  managed credit and high credit teams were different +* FT has a history of doing what is good for investors +* The wind down decision is a part of that +* We would get criticism for this, but we believe that this is better for investors +* We are deeply committed to Indian markets +* Equity team has great track record of 2.5 decades +* High credit team is newer in FT, but has a lot of experience outside + +Final comments + +&#x200B; + +* As and when we realize cash in the funds - scheduled maturity, orderly sale - we would disburse on a monthly basis +* It is not going to be back loaded (edit.. i.e. the payouts would start soon enough) +* This was an incredibly difficult decision, but we did it as the only viable option +* We are committed to answer your questions +* We want to work with you to realize the value for investors +Why do they punish you for paying off debt? It makes no sense. + + + + +Edit: The reason I am upset is because I was planning on using my newly improved and raised credit score to get a balance transfer card for my 5th credit card. +CBC.ca: People are offloading their pickup trucks, but who is buying them?. +https://www.cbc.ca/news/canada/kitchener-waterloo/pick-up-truck-re-sales-offload-impacted-by-high-gas-prices-1.6457477 +I see many posts about early retirees using high deductible ACA plans, but I've found an alternative that offers MUCH better insurance at much lower rates: student health insurance plans. + +I FIRE'd a year ago but not until I was accepted into a master's program at a university with a great health insurance plan. Yes, I have to pay tuition but I'm only taking one class per term (two per year) in order to drag out my degree as long as possible. My classes are $1,125 each and health insurance in the Cigna network costs $1,750. In addition, I've enrolled my partner for dependent coverage at another $1,750 per year. Our plan has a $0 deductible and $6,400 out-of-pocket maximum per individual. Any in-network services are a $20 co-payment or at most 10% coinsurance. + +&#x200B; + +Each year, we receive fantastic coverage and I complete two classes toward a graduate degree for just $5,750. This will keep us covered for five years at which point one of us will apply for another degree program. In addition, my program is fully online, so we have the flexibility to live anywhere we choose. + +&#x200B; + +I hope some others in this community can benefit from this option. I imagine part of the reason the student plans are so cheap is the fact that most enrollees are in their twenties. But age doesn't matter when enrolling through a university plan, so might as well take advantage! +Is anyone else getting a little fed up of the repetition of poor quality posts now littering this sub? They all revolve around the same basic questions: + +“I’ve been toying with investing for months now and have learnt loads and have narrowed it down to life strategy 80 and life strategy 100. Which one is better and should I invest in both? And which broker is best. And do these both benefit from compounding as I’ve learnt that’s great and I’m young and a long term investor so want to make the most of that. Or should I just open two ISAs with two brokers and deposit half of my capital into each, with 50% in LF80 and 50% in LF100 to increase diversification? This will also help with fcsc protection too right?” + +The exact some shite is spouted off in UKPF too. Am I just being grumpy or did this sub have more engaging discussions about stock picks and research only 6 months ago? Can we try and bring some of that back? +Hello investors, + +I wonder if you would share with the community one stock you love but think it's under the radar for most investors. And maybe summarize what the business does or why you like it. + +I'll leave you mine: + +- Mayr Melnhof Karton (listed on Vienna) + +Family owned bussines with 2 divisions: +- MM Karton: is Europe's largest cartonboard producer with a leading position in recycled fiber-based cartonboard. + +- MM Packaging: is the leading producer of folding cartons in Europe + +C'mon let's help each other! + +Thanks in advance and have a great day! +I was *shocked* when I looked it up. Husband and I lived month to month, sometimes day to day, for like 8 years and I assumed we were close to it. Also always assumed my parents were in actual poverty when I was growing up, based on how we lived... anyway +I don't remember the numbers but I do remember that for my husband and I to be considered in poverty we would have to have FOUR children/dependents. Which is absolutely insane to me! We are just now at a comfy place where we have money left over after bills each month. If we had ONE child we wouldn't be able to keep up with expenses. Bureaucratic bullshit, but also it made me feel more grateful for what I DID have growing up and in my 20s. +It was between r/showetthoughts and this for this post and thought r/realestateinvesting may be a better spot. + +I keep reading that the realestate market "isn't the same as 2007" as the banks haven't been giving the same "risky loans". + +What I began to wonder is if the banks have equal risk this time based on two factors? + +1. Most people(like myself) refinanced for sub 3% rates. With inflation as high as it is, in real terms the holders of these mortgages are loosing money. + +2. In my market the prices seem to be coming down. This would mean that the owners and lending institutions that recently closed will be underwater. + +The thought I had is this combination seems to be risky. It seems like a small number of defaults on recent purchases could cause increased pain as those losses are being covered by losses in "real" terms. + +Just a thought and eager to hear what others think. +House didn't sell at auction, didn't meet the reserve. House sat on the market for two months. One or two buyers remained interested. Agent said it was about to sell and it would go to the best offer. We made a good offer. THEN agents says he will tell other parties our offer and suggests we can sit down together and have a "quiet auction". He's overtly playing the interested groups against each other to raise the price, EVEN THOUGH it already didn't sell at auction. + +This is poor form and he's telling fibs left right and centre but what can we do? Is there some rule against this? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). Last ban length: 1,048,576 days + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/2sQBNuM). +After years of searching, I’ve found land to build a custom home on. I intend to fund the purchase of the land ($700k) and new construction build ($1.1m) primarily with my former FAANG company’s stock, which comprises a scary 40% of my $5.7m net worth. I didn’t work for the ‘F’ or the ‘N’ in FAANG, but seeing them battered this year is a harsh diversification reminder, and I’m hoping a real estate purchase is a good way to achieve this. + +**My net worth is split between:** + +* $3.1m (54%) Vanguard index funds +* $2.3m (40%) former company stock +* $300k (6%) cash + +**My plan:** + +* Make a cash offer for the land ($700k) using my on-hand $300k cash and liquidate $400k in company stock. +* In the second half of next year, liquidate $1.1m of company stock to fund the builder draws. I’m hoping that construction prices will ease next year and stocks will recover some. I know this is a big bet. + +**Questions:** + +* Taxes: Anything I should watch out for when selling $400k of stock one year and $1.1m the next? All shares have long term capital gains (15% tax rate) and I’ll sell the lowest gain lots first. My wife and I are early retired and our only annual income is from dividends ($40k). I’m guessing I should contact my accountant afterwards to begin estimated taxes, so I don’t get hit with a penalty the following year? We’ll also lose any ACA subsidies. +* Percent of net worth: Afterwards, my house and land will comprise 33% of my net worth. Reading past fatFIRE threads, the average seems to be in the 20-25% range. I know this is relative to how much I spend in a year ($50k after dividend income) and what income generating assets I’ll have left ($3m in mostly index funds), but does 33% seem too high? A 4% annual withdrawal rate on $3m in index funds is $120k. 2% is $60k, which is close to what I expect my annual expenses to be. +* Betting the housing and stock markets switch directions: Earlier in the year, real estate went up and stocks went down. I’m hoping the opposite will play out over the next year: the bottom is in for stocks, especially the best-in-class tech ones (my former company), while much higher interest rates will kill demand for premium new builds (builders will have to reduce prices). Would you make the same bet? +* Any other risks you see? The biggest one I see is that if I purchase the land now and then stocks crash before I sell next year to fund my build, I’m left sitting on the land for years while stocks recover. +I’m wanting to hear some success stories. I’ve made some paper via selling insurance papers on stocks/money I’ve owned. Wonder if anyone has become a millionaire doing theta wheel strategy? +Changed jobs a few months ago with a raise to 110k (poverty in AusFinance sphere, i know!). Although I’m happy with the raise, it got me thinking at what salary is enough? + +Curious to see at what salary is everyone happy to step back from the rat race and cruise? +Posting from Australia. Gas is extortionate, groceries are extortionate, wages haven’t budged. My mom had to borrow a couple grand, and I love her and I’ll always be there for my family. But I have credit card bills to pay, rent to pay, food, etc. I think I’ll be okay but…any tips on making your groceries stretch for as long as possible, I am all ears. + +Thank ya, and pray to whatever deity you believe in that I’ll make it to my next pay day. + +EDIT 1: thanks for the silver! But more than than that, thanks for the advice. A lot of cutting portions (using 300g of meat when recipe calls for 500g), watering down soups, clever ways to preserve food. Thanks for that. I appreciate the hell out of it, but mostly I’m just so fucking annoyed that we’re here doing this. My reality is watering down soup so I can eat 5 meals instead of 3. + +As one commenter advised, I think with a heartless spirit, “eat less”. And I guess they’re right. + +EDIT 2: Someone pointed out I didn’t correctly exchange the amounts. It’s actually about $5.65ish for a gallon of gas here. I’m an idiot, but also it just sucks either way. +I'm about to hit you all with some knowledge, so get your big kid pants on! You should read these books in the order they are listed, because they stack up on top of each other and the lessons learned in one are needed to understand the lessons in the next. + +*Disclaimer: I am not a financial advisor or registered securities analyst.* + +*Another disclaimer: If you do not know what exactly a stock is, how to buy or sell a stock or what dividends and earnings are, please look up some crash courses on YouTube or something before starting this list.* + +**Let's begin:** + +1. **The Little Book of Common Sense Investing by John Bogle** \- For those of you who don't know, John Bogle is one of the most important people to ever walk this planet when it comes to stocks and investing for the average person. He founded a little company called Vanguard (ever heard of it?) and he also invented the first index fund. In this book, Bogle gives us a primer on the classical approach to passive, conservative and long-haul investing. He goes into the statistics on how around 90% of mutual funds and most people can not beat the market. He makes it clear and simple that if you want to benefit from stock yields over time, you should deploy your money into index funds and sit back while earnings and dividends carry you to wealth. Many people (probably most people to be honest) can stop here and honestly do perfectly fine. The info in this book is all you need to build serious wealth. You will also understand the theory that picking individual stocks is usually a *losers game*. One of the reasons I believe you should read this book first is because the lessons you learn inside of it may show you that the rest of the books on this list may not even be worth reading! If you aren't content with boring old index fund investing though, you can read on.. +2. **One Up On Wall Street by Peter Lynch** \- This book is dated but the principles written in its pages ring true to this day. Peter Lynch is considered one of the most successful mutual fund managers of all time. He achieved returns that beat the S&P 500 for over a decade straight for his investors in the Fidelity Magellan Fund in the 70's and 80's. Yes I know I said most people can't beat the market by picking stocks, which is why those who can do it consistently are very special. In this book he teaches you about the tools and strategies he used to achieve those results. It's a great book because it doesn't get too crazy in terms of math and logic, and it's easy to understand. +3. **Thinking, Fast and Slow by Daniel Kahneman -** Now it's time to take a break and get into the *psychology* behind stock investing. Let's be honest, we're all pretty stupid and we all have internal biases. These two facts can be serious roadblocks to investing success. The sooner you admit that the better off you'll be. This book will help you understand how to separate your irrational mind from your rational mind when investing and it will make you better at objective decision making. + +&#x200B; + +\-- + +Ok, now at this point you have two paths you can take. After these three books you'll have a good grasp on the *theory* and *mindset* to making money in stocks, but you will be lacking the knowledge to actually ***pick individual stocks***. I mean how are you supposed to do that? Just buy whatever is trending on Reddit or what that idiot Jim Cramer on CNBC is talking about? Well as long as you still understand (from book #1) that the odds are against you when picking stocks, you can continue on one of two paths: + +**- The Value Investing Path** (Finding, analyzing and buying stocks that are "undervalued" and waiting for them to rise back to their fair market value, thus making a ton of money. This is what Warren Buffett does. It's also extremely difficult, boring and requires *rock-solid* emotional stability to ignore the ups and downs of the market.) + +\-OR- + +**- The Traders Path** (Following market trends and sentiment to find opportunities that can make you money. I personally would not consider this path to be an "investors" path. This is a "speculators" path, and they are very different. However, you can make money speculating. This could involve shorting stocks or doing a bit of technical analysis, or maybe even playing with some derivatives like options. This path is also extremely difficult and will cause most people to lose *hours* of sleep each night sweating as they panic about their positions) + +\-- + +&#x200B; + +If you chose **The Value Investing Path**, continue here: + +1. **All of the accounting books you can find** \- You NEED to understand the fundamentals of accounting in order to value businesses. There is no getting around it. Yes, it's boring but if you find yourself enjoying it, you may have an inclination for this. Read everything you can on accounting. Learn to read balance sheets, income statements and cash flow statements. Learn about assets and liabilities. Do the practice assignments in the books and all of that! +2. **The Intelligent Investor by Benjamin Graham -** This is probably the most famous book on this list, and guess what, you're not going to understand ANY of it. This is the book that Warren Buffett swears by. In fact, Buffett studied with the author of this book when he was a lad. This book is the bible of value investing. Every successful investor knows this book. Within its pages you will learn about what to look for in the stock market, how to understand market behavior, what a good business looks like, how to find the *intrinsic value* of a company, and much much more. I recommend reading this book at least twice and researching everything inside it that you don't understand. +3. **Margin of Safety by Seth Klarman -** Physical copies of this book are extremely expensive, so you're better off finding an online copy (shh don't tell). It's a bit more modern than the title above and it was written by a very successful value investor! +4. **The Dhando Investor by Mohnish Pabrai** **-** Fantastic value investing book that offers some fresh ideas and new things to think about that are built on top of the previous books. Also written by a very successful investor. + +&#x200B; + +&#x200B; + +If you chose **The Traders Path**, continue here: + +1. **Reminiscences of a Stock Operator by Edwin Lefèvre** \- A classic that most traders are told to read at some point in their lives. It teaches so many valuable lessons of reflecting on your wins/losses, psychology of trading, knowing yourself and your weaknesses and more fun stuff. It's an old book but definitely worth reading. +2. **Getting Started in Technical Analysis by Jack Schwager** \- If you don't know, technical analysis (TA) is the process of finding opportunity by analyzing the market indicators such as price, volume and trends. It ignores company fundamentals and is often seen as a type of voodoo that you either believe in or you don't. I personally am not a fan, however I do recognize the importance TA plays in understanding some stocks at certain times. I do believe that in combination with other metrics, TA can provide valuable insight. This book will teach you the basics. +3. **Fooled by Randomness by Nassim Nicholas Taleb -** It is not possible to predict the stock market. This book will help you reconcile with that. It will help with understanding how randomness and a bit of luck ties into not only your trading, but your whole life. You will learn about risks and the consequences of taking them. +4. **Market Wizards by Jack Schwager** \- Another great book by the same author as #2 above. This is written in a sort of conversation-like format where the author interviews some of the most successfully traders of the time. There is tons of information in this book on all of the topics we've discussed since it's like you're reading a conversation between two people. + +I hope this post will help some of you. + +**Honorable mentions:** + +\- The Snowball - Alice Schroeder + +\- Security Analysis - Benjamin Graham and David Dodd + +\- A Random Walk Down Wall Street - Burton Malkiel + +\- The Alchemy of Finance - George Soros + +\- The Big Short - Michael Lewis + +\- Common Stocks and Uncommon Profits - Philip Fisher + +\- Value Investing: From Graham to Buffett and Beyond - Bruce Greenwald +Visa and MasterCard both having not so good times compared to a year ago the cross border transaction is hurting them. + +But both of these companies are great buys they have a huge moat and are a duopoly. + +Their divdends have been increasing by a big amount year on year and this will continue in the future. + +They also do stock buybacks every year. + +Our move to a cashless society will benefit both visa and MasterCard + +The price that I want to buy visa is around 190 mabye 195 and it's nearly there +This is quite lower because I think business travel is going to take a while to recover + +For mastercard I want it around 315 + +What do you guys think of both MasterCard and visa and what prices are you looking to buy them at +There are 14,000 call contracts between here and $200. That's 1,400,000 shares that need to be bought/hedged (minus what they've already hedged). There's another 20,000 contracts between $200 and $300. That's 2,000,000 shares that need to be bought/hedged. + +TL;DR What's behind $180? A motherfucking greased waterslide to a margin call, that's what. +So a couple of things have happened recently that I thought someone might put together and get a different viewpoint from the spun narrative: + + +1) Ken's plane hasn't been flying (credit to u/sam_galactic [https://www.reddit.com/r/Superstonk/comments/rgncvk/ken\_griffins\_private\_jet\_hasnt\_flown\_for\_more/](https://www.reddit.com/r/Superstonk/comments/rgncvk/ken_griffins_private_jet_hasnt_flown_for_more/)) + +2) There seems to be an active DOJ investigation that includes GME (credit to [u/buffalo8](https://www.reddit.com/user/buffalo8/) [https://www.reddit.com/r/Superstonk/comments/rd961o/reading\_between\_the\_lines\_pt\_2\_the\_sec\_may\_have/](https://www.reddit.com/r/Superstonk/comments/rd961o/reading_between_the_lines_pt_2_the_sec_may_have/)) + +3) Biden's Head of Security in the Secret Service is now spending a lot of close time with Ken ( credit to [u/GrapeApeTheGreat](https://www.reddit.com/user/GrapeApeTheGreat/) [https://www.reddit.com/r/Superstonk/comments/rcvjy0/citadel\_secret\_service\_just\_a\_reminder\_apes\_the/](https://www.reddit.com/r/Superstonk/comments/rcvjy0/citadel_secret_service_just_a_reminder_apes_the/)) + +&#x200B; + +Could it be that The Secret Service is investigating crimes that might have put the USD at risk - one of their core roles? + +Could it be that Ken has been asked to 'not leave the area' in the near future and is now being babysat to make sure that he doesn't do a runner? + +Is this why Citadel brought out terms saying that clients can't remove more than 6% of their holdings? Because the reputational impact if something were to happen? + +It's probably nothing but some tin-foil hatting on my part. + +But anything seems possible at the moment. +Hello all! Apologies if this has been answered recently. I tried to do a search but I'm a little frazzled. + +Recently I opened my first credit card ever. When I was attempting to register my account online it kept returning the last four digits of a card that did not match mine. I called MasterCard and they told me I had another MasterCard that had been opened in 2009. I explained that I had never had a credit card before and they were more than helpful with removing the card from my account and reporting to my credit that it was not my debt. I thought about it after I hung up and suspected my ex-boyfriend might have opened it. Before we started dating he was in prison for writing bad checks and other fraud. We dated for 6yrs. I know, I'm an idiot. Please spare the lecture I totally hate myself for giving this con-artist a chance. + +Today I signed up for freecreditreport.com to check in on my excellent track record of paying my first credit card off each month when lo and behold, I have a credit card in my name with a delinquent balance of $939, opened April 2014. Says the creditor is World Financial Network National Bank? I have never heard of this company. I want to kick myself again because I should have been keeping up with this but as far as I knew, I did not have ANY credit aside from my lonely MasterCard opened December 2016. + +Reddit, what do I do? I have read so many conflicting things that has me afraid to call World Financial Network National Bank to even inquire about the card because if I acknowledge it, I'm responsible? I am lost. I was trying to build credit and feel like I'm starting a mile behind the starting line because of a bad romantic decision. What steps should I take to clear this up? Do I have any hope? Thank you. + + +EDIT: I suspect my exbf because when I told my Dad about this, he said that in 2009 someone kept trying to set up automatic drafts from his bank account which happened to be at the same bank my ex worked at before he went to prison. He was still seeing the daughter of the president of that bank while we were together. + +EDIT 2: I just want to thank everyone who has given me advice, pointed me to websites, listed steps I need to take, etc. I feel so much less overwhelmed now than I did this morning. I can't thank you guys enough!! I'm going to take my dog for a walk, eat some dinner, and get ready for tomorrow. I'll be heading to the police first thing tomorrow after work. A few people have requested updates so I'll be sure to deliver when I have some solid information. Also wanted to say that a few people have suggested I'm salty because I have no proof other than the weird thing with my dad's account in 09 but the *main* reason I suspect him is because he has prior felony fraud convictions. But I guess it could be anybody, doesn't matter - I just have to take care of it! Thanks again everybody!! +Everyone forgot what a red day was because stonks only go up + +*sHoUlD I SeLl NoW?! Iz tHe CrAsH CoMiNG?* + +I honestly get less stress on red days than I do on green ones, weird +I'm posting this on a burner account because posting from my main would be compromising in a bad way. + +If you aren't familiar, there's a community-created direct registration tracker that has for the last two earnings accurately anticipated the amount of registered shares. + +[The white points represent the official figures from GameStop, with the blue plot being the trimmed average of user-submitted entries.](https://imgur.com/a/eKJuMm5) + +At the time of posting, this tool is estimating that roughly ~48% of GameStop's public float is directly registered. About ~80 million shares are owned by retail investors. And it largely baffles me that more people aren't talking about this. I believe that this is unprecedented (I might go as far as saying that I *know* this is unprecedented). It's uncharted territory. I think I remember doing some napkin math and coming up with an estimate that it would take ~4 years for half of the public float to be registered. This was around the time DTC withdrawal was first discussed in the GameStop forums (maybe in August of last year?), and I think I made the error of assuming that there wouldn't be a kind of memetic contagion (that or I'm terrible at math). + +This is to say: GameStop "Apes" are doing something incredibly strange at an incredibly quick, if not near impossible, pace. If this continues (at *this pace*), there is a very good chance that by next August/September the majority of publicly traded shares will be individually registered to who knows how many people. And that's weird. That is enough right there, I think, to re-evaluate the whole meme-stock frenzy. It was for me, at least. I very much wrote off the whole phenomenon until a colleague brought the tracker to my attention. + +If you want to understand my thinking better: here we have a highly retail-driven instrument that is quickly becoming illiquid. I know social sentiment is largely disregarded as "soft", but as evidenced by the last week, it is a salient driver of price action. A *vast* majority of GameStop investors are not selling these registered shares (or at least say they aren't). GameStop's turnover rate has plummeted in the last few months, and intraday volume is miniscule barring extreme/sudden movements. This is independently verifiable with whatever data provider you use. + +I originally called it a slow march. +It's at least a spirited waddle now. + +I anticipate it to increase somewhat, without taking too strong a position in either direction. However, basic newtonian physics tells us two things: it's *really* hard to get a massive object moving, and equally difficult to get it to stop. + +I envision a horrific, gigantic ball of monkeys just starting to roll down a hill, with some clueless octogenarian in a top hat right in its path. I hope that's a colorful illustration. + +Now, before I get bombarded (not that it matters because I plan to ditch this account right after I post this), I will say a few things: + +1. I know for a fact that GameStop will not reach some $xxx million per share. It's completely impossible. Anything else is wishful thinking. Even *if* there are many *n* times the float of "synthetic" shares, there is simply not enough money in the world (the entire history of it) to reach those prices. I cannot believe I have to explicitly say this, but here we are. +2. I do not care about Ryan Cohen. I have no strong feelings in either direction. This post is not about Ryan Cohen. Please, for the love of all that is good, do not conflate this post as being about Ryan Cohen. Please. +3. I do not own *any* GameStop. No positions, no stake in this. I am making this post purely out of the desire to have discussion on the most popular... financial... forum on this website. +4. (Final and most important point) the tracker very well may be wrong. We have, what, a week or so? To see if it's still acceptably accurate. I do anticipate it to be, as a model with as much data and previously verified trends as this one to be hideously inaccurate would be highly anomalous. Nothing is impossible, however. + +Take of this what you will. Take care. Be kind. Make money. +My remuneration has almost quadrupled this year, and I need a plan of attack. It's all somewhat unexpected. + +I want to preface this post by saying both my parents worked at 7-11, and I didn't have a physical bed until I was 16. I've worked very hard in life and sacrificed my 20s to get where I am. I feel tremendously guilty about how much money I make now. I want to give back as much as I can but feel a little adrift. Please be kind. I'm in an ocean after growing up in the desert. This is also my first time ever spelling out all my finances. + +I'm 34 and wife is 45. Family of four. Wife stays at home but makes $1-2,000/month through a side hustle. She has ~$50,000 in her super. Kids are financially set as their biological dad died and had an insurance payout for when they turn 18. + +I make ~$14,000/month after tax. In addition, $2,000/month is going toward Super which has a balance of ~$60,000, 100% in international equities with fees at 0.14% p/a. I get a $20,000/year bonus at the end of year if I stay at this job. I expect my remuneration to increase about 5-10%/year, and I have excellent job security. There will be another substantive bump in income in about two years, but I don't know by how much. + +I spend 10-15k/year on professional development, fees, and miscellaneous expenses (including 4k/year for high-quality income protection insurance). Other expenses including mortgage are around $2-3K/month. + +I owe $390,000 on my home originally purchased for $440,000 two years ago and now worth about $700,000. I have an $8,000 car loan on my Toyota. No other debts. We outright own an old Kia Rio worth about $5,000. + +Our current goals are: +1) Pay off the car ASAP and become debt free +2) Save $20,000 cash as an emergency fund +3) Buy a used car in cash to replace my wife's, budget of around $15,000 +4) ??? + +I really don't know if I should maximize my super (but my wife is retiring 10 years ahead of me), start investing in shares, or pile money into a mortgage offset account with a view to pay off the house in 10 years. Any book recommendations? Is it worth getting a financial planner? I don't want to screw this up. + +Thank you in advance. + Hi, fellow dividend investors + +i want to share my portfolio + +The thing is - when you build well diversified portfolio consisting of many stocks, it could be hard to get low monthly income deviation, cause many good companies pay dividends at the same months and have different yields. + +What i tried to do was build diversified, good yield dividend growth portfolio, and i guess i managed to do that. As a bonus, i received portfolio which pays steady monthly dividends. + +Maybe it seems over diversified, but i'm not sure, would love to hear your feedback. + +Aiming to get 1000$ annually by 2024 + +&#x200B; + +https://preview.redd.it/cdmm8bu3yuh91.png?width=662&format=png&auto=webp&s=fd4d9887814cd6e74182d0359fa57cfa314161c9 + +&#x200B; + +https://preview.redd.it/iaspdtk0yuh91.png?width=641&format=png&auto=webp&s=9c2d7c639d519d4447711db0eb069b23d71f584d + +&#x200B; + +&#x200B; + +https://preview.redd.it/1m0rhzv5yuh91.png?width=1414&format=png&auto=webp&s=cb0493c0074f840a292907be2209a35c551f0ccc +This is personal but I could use your perspectives to help me determine my goals. + +1. What is your FIRE number? (Primary house excluded) + +2. What's the average net monthly salary in your country? + +3. Do you get pension? How does that work & how much will it pay? + +4. What's the value of your primary house? +Been reading on the wheel and selling for premiums for awhile now and I would like to get into it. However, is sounds like I am going to need a ton of cash in order to do it? + +Am I wrong here? If so, can you point me in the right direction? Thank you. + +Edit: I have done a ton of research based on what you guys suggested and I posted a huge reply near the bottom. Thanks! +Seriously. House prices are through the roof, and lots of houses are selling. Clearance rates are ridiculously high. + +But where is the money coming from? It can’t all be from the bank of Mum and Dad. Are people really taking out near 1 million dollar mortgages? + +I earn a decent salary, single income no kids, have a modest mortgage in Melbourne, but shit, how on earth are these families paying it off? +TLDR: Cohen dropping breadcrumbs from Arlington VA to Culver City CA to Florida. All roads point to Wu Tang. + +**Tweet:** + +https://preview.redd.it/8czdl9unqpw81.png?width=439&format=png&auto=webp&s=0b5420c43505c32168fc0f96365db67a83fbfea2 + +**Culver City, CA.** + +**Home of MGM Studios:** + +https://preview.redd.it/fyzngp0uqpw81.png?width=418&format=png&auto=webp&s=7ed966959f98910d5d36a4e973761d8c3defe75d + +**Wu Tang:** + +https://preview.redd.it/vk2xshmwqpw81.png?width=745&format=png&auto=webp&s=8832b19193847a486e098503f88c320428ba6beb + +&#x200B; + +[PleasrDAO and unnamed sponsor showing off the goods](https://preview.redd.it/jtef0011rpw81.png?width=719&format=png&auto=webp&s=044044b006500d583fee9e9b15a1fe47ac96b739) + +https://preview.redd.it/8wxefq25rpw81.png?width=317&format=png&auto=webp&s=942d748ebcdcb77affecb9fb242e0c98ff1bc067 + +Looks a whole lot like Cohen's hoodie... from the **Culver City** tweet..... + +&#x200B; + +https://preview.redd.it/2cm8kax8rpw81.png?width=431&format=png&auto=webp&s=6b2262e809c854deeb7b3f229d6184aea5c1070e + +&#x200B; + +[741 baby. 74 members for 1. Cohen.](https://preview.redd.it/5g4lftv0spw81.png?width=660&format=png&auto=webp&s=1735ac3ab3b44a1ec05268b98fdf8169d226cb22) + +**For the skeptics:** + +This isn't the first time he used a location and "thumbs up emoji" to tag an important location to the GameStop location he was at: + +https://preview.redd.it/l1q4hpljrpw81.png?width=701&format=png&auto=webp&s=2a7e441853caf27ed991bf7f3ec8c8376e298a17 + +Interesting similarities so far... + +**It gets weirder..** + +[Cohen quite literally taking a step outside of brick and mortar](https://preview.redd.it/hejlfy0orpw81.png?width=437&format=png&auto=webp&s=0212b4477ad7573e25d6c52e11a7cad6d95f73ee) + +On that same date GameStop's lead NFT engineer tweeted this, during this time is when NFT staff was being moved to Miami to ramp up product development.. of probably something big. + +[MF is ready to deliver](https://preview.redd.it/c9hgkcztrpw81.png?width=439&format=png&auto=webp&s=8ae05bf061e1e91500b62df05a8c50562e5673d3) + +**Structure of how PleasrDAO acquired the Wu Tang Album:** + +[See that lil guy top right?](https://preview.redd.it/8n4l7fg9spw81.png?width=652&format=png&auto=webp&s=050d27ddec6efef7368d33a0722229d13a7fd12d) + +https://preview.redd.it/pgop336dspw81.png?width=513&format=png&auto=webp&s=b4b60ff9c3609af3f67fd9ec7fcd430190430b27 + +[Our mans Kagy was wilding before being told to pump the brakes a little](https://preview.redd.it/y0zh9pmnspw81.png?width=501&format=png&auto=webp&s=54465eb47c5b65d8bd104b517c864c1eeb8dac73) + +https://preview.redd.it/tb5esqnbspw81.png?width=443&format=png&auto=webp&s=6f8fb2aa559a6c4e13985a33248411a3ee14c5b9 + +**Snowden NFT** was used in the swap/loan...interesting.. + +**You mean the Snowden that tweeted about GameStop EXACTLY 365 days after Cohen's letter to the board?** + +https://preview.redd.it/xbjpbspxspw81.png?width=442&format=png&auto=webp&s=dbdeb2596c4348921e961aa07f21c07253d19373 + +https://preview.redd.it/3kd48qzzspw81.png?width=440&format=png&auto=webp&s=681e0fdc62af8e3d7e7dccdb711a6be76a0d9982 + +**"But but but cream was hacked"** + +maybe, maybe not, maybe something else entirely.. + +https://preview.redd.it/y0j1cog3tpw81.png?width=791&format=png&auto=webp&s=a7cd08bf0d64d8992ed23f6994eb8854cd1078d8 + +**Same hack date (article is a day late on reporting), Cohen tweets this:** + +https://preview.redd.it/88ccuqu5tpw81.png?width=439&format=png&auto=webp&s=a6ffe12ff16e73f2e137ba550aca33d63815b165 + +https://preview.redd.it/d868bb5dtpw81.png?width=298&format=png&auto=webp&s=a880edecf2794725be5cfda96ecad4ddce0dea5b + +**Later that week Kagy tweets this:** + +https://preview.redd.it/0nvftophtpw81.png?width=334&format=png&auto=webp&s=73ddcd59b918b6772e0c73f63494c213edebd811 + +(FLorida: Cohen Tweet / Flo Rida Game Time: Kagy) + +Fucking **GAME TIME BABY.** + +&#x200B; + +PleasrDAO stated they want it to accessible to the world, pending RZA approval. + +&#x200B; + +Personal speculation: + +I'd assume they show the world reluctant to the tech of NFTs the power of them. + +Album cannot be monetized...legally. + +BUT if they fractionalize it into an NFT and allow listening access via NFT verification it would slap the world in the face who say "theres no use case for NFTs" + +Exclusive access to it, verified by immutable NFTs..while **never even monetizing it!!** + +Issuing it as an NFT dividend would be a cherry on top. + +CHEERS, **WU TANG FOREVER.** +Be a multimillionaire and I won't feel the need to passively search for people's approval by getting a tattoo or putting shit up my ass. I will purchase a large boat and escape to a multitude of island habitats for the rest of my life, soaking in sunsets and tropical drinks with people i actually want to be around for a change. + +If the MOASS happens next week, I'll never get on this sub again, all due respect to the masters of DD. This has been an interesting ride, but the bottom line is this: I've been poor for way too long, and I have a lot of lost time to make up for. + +Once I'm free I'm running for the hills and not looking back. + CREDITS TO u/lawsondt . This gem (gme) of a post has been heavily downvoted and is extremely worth reading. Thanks again u/lawsondt for the excellent post. + +**TA;DR:** In 2005, investors of CMKM Diamonds, Inc. attempted to pull all their shares out of the DTC and direct register them in their own name. During this process, 68.5 billion phantom shares were discovered and brokers began deleting CMKM shares from investors accounts. Brokers also prevented many shareholders from direct registering and instead had physical certificates issued to *themselves*. While there are significant differences between CMKM and GameStop, this may be the closest example of what to expect as the float gets closer to being locked up in Computershare. If/when shit hits the fan, don’t be surprised if the brokers pull the same kind of bullshit. DRS early and often. + +**TA:DR end** + +\*This post is a selected summary of pages 208-227 of Dr. Susanne Trimbath’s book “Naked, Short and Greedy.”\**1* *If you are unfamiliar with Dr. T (or a douchebag shill), please refer to footnote 1.* + +On November 4, 2005, CMKM issued a press release announcing a distribution that would require investors to get their shares registered in their own name, i.e., out of DTC.2 Deadlines were set for DTC withdrawal and a shareholder task force was created. In July 2007, after several delays, the task force announced the total number of registered shareholders and shares. They also disclosed the existence of over 68.5 billion phantom shares, i.e., > 68.5 billion shares that could not be accounted for (should not exist). + +**Most relevant to GameStop:** + +Many of the investors were unable to direct register their shares because they were holding phantom shares. Although the investors had paid for these shares, the brokers either never obtained these shares to begin with or they had lent them out thereby passing on the “real” shares to the borrower. Dr. Trimbath dubbed these CMKM investors as “UnShareholders.”3 + +A deeper dive into these UnShareholders revealed that: + +* The following brokers were shown to either delete CMKM shares from UnShareholders’ accounts or incorrectly told them certificates were not being issued: Fidelity, TD Ameritrade, UBS Financial Services, Inc., Royal Bank of Canada, eTrade Financial, Bank of America, Charles Schwabb, Bank One, Bank of America, Qtrade, Piper Jaffray, eNorthern Brokerage, LeumiTrade, Fortis Bank Bruxelles/BBH New York +* The following brokers told “UnShareholders” that they could not get certificates. However, these same brokers got certificates for themselves: Bank of America, Ameritrade, eTrade Financial, Royal Bank Canada, UBS Financial, Chase, Charles Schwabb, QTrade, Piper Jaffray, Bank Leumi, Bank One +* Charles Schwabb, Chase Bank and RBC Dain deleted investors share positions at a time when the firms had no shares either in depository or on the books of the issuer + + * Schwabb deleted investor positions (10 million shares) and at the same time ordered certificates for their own trustee accounts + * RBC deleted investor positions (11.5 million shares) and told investors that there were no share certificates available. However, documentation shows that RBC received certificates for themselves and other customers. + * Chase deleted a high number of investor positions + +In the end, all shareholders of CMKM got fukt, including those that were able to direct register. There was no real value in the firm – they did indeed mine diamonds; however, it was revealed that all mineral rights belonged to the founders of the company, not the shareholders. Multiple lawsuits were filed and some are still pending. + +“The allegations of fraud and corporate abuse are the reason why no one heard the rest of the story, the one **where brokers were allowed to cheat investors by taking their money and never giving them any shares of CMKM**” (Trimbath, p. 209). Although Dr. T tells the story using CMKM as the example, she emphasizes that this stuff happens to every company with publicly-traded shares, big or small. + +Some key differences between CMKM Diamonds, Inc. and GameStop: + +&#x200B; + +https://preview.redd.it/g0gsxq2e9ef81.png?width=975&format=png&auto=webp&s=e2b5b3b86ca6f4c897fa800592c183e8b598a965 + +\*There were diamonds being mined but whatever mineral rights claim the founders of CMKM had was only ever owned by the founders. The assets never belonged to the company. + +\*\*[https://www.sec.gov/litigation/aljdec/id291bpm.htm](https://www.sec.gov/litigation/aljdec/id291bpm.htm) + +**The purpose of this post is to point out the behavior of the brokers during the DTC withdrawal process.** Unlike CMKM, GameStop has an extraordinary future and is not going bust. The DTC, SEC, market makers, and brokerage firms will have a harder time sweeping things under the rug of the court system if and when things get spicy with GameStop. That being said, we are in uncharted waters. + +If retail owns multiples of the float, which I firmly believe, what kind of behavior can we expect of the brokers if/when shit hits the fan? DRS, mofo. + +1. Anyone who throws shade at Dr. Trimbath is either a shill or lacks the knowledge of her background. She is a business professor in Arizona who started her career at the Federal Reserve Bank and DTC. She has been fighting the corruption for a couple decades and has even lent her time to Reddit for multiple AMAs. BuT sHe HaS bEEn PUshiNg HEr nEW BoOK “Naked, Short and Greedy.” Yeah, moron, she lays out all the corruption in detail for us. Besides, she deserves every penny she gets from the sale of this book. She has been fighting the good fight long before any of us knew of the corruption. + +2. DTC stonewalled any future attempts by other companies and got the SEC to grant approval for a rule change that prohibited requests for withdrawal of certificates that could be **instigated** by issuers. Hence, we would never see GameStop recommending that we direct register with Computershare. The fact that they mentioned Computershare in the last quarterly report should be telling. I’m hopeful they give us an update in Q4, but I wouldn’t be surprised if a new rule or undisclosed SEC threat prevents this. + +3. Almost anyone who receives a 1099 with “unqualified dividends” when they believe they owned regular shares, are probably UnShareholders, too. +I got into crypto a few days ago, bought some TRX and some IOTA. I didn't put a ton in, because I only want to dip my toe in for the moment being. Although, I am gonna start putting more in little by little, but that's not my point. + +I know some people can spend a few hours on Binance just actively trading alts for alts to come up with a profit. I want to know how to get into that. Thanks guys, and happy Cryptoing (or whatever.) +If they were to make a rule to help retail this shit take them months or years. Suddenly someone has an idea that will go against retail and be used explicitly for crime. Shit takes them no time at all. Unbelievable. Then they have the audacity to delay CAT until god-damned 2024, how fucking pathetic is this? How much more blatant does it need to be before the FBI or some shit gets involved? To be honest I doubt any government division wants retail to win. We are living in a very fucked up system. Just needed to get this shit off my chest. Fuck these guys. + +I will hold til I'm cold, fuckers. + +edit2: I appreciate the awards and comments but for real I don't need anymore notifications, you all can upvote and award actually useful posts instead of this one. Some big brain folks out their deserve more than me. + +edit:spelling +This isn't a trading psychology or risk management post. This is about trying to convince anyone that is engaging in strategy hunting that their focus is misplaced. My hunch is that most people that keep looking for strategies are skipping a really important step - **actually understanding how markets behave**. + +Whether you are a discretionary, automated, or hybrid trader, before you start developing or deploying a strategy, you must have a foundational methodology for understanding the market you are trying to trade. + +Whether it is technicals, macroeconomic fundamentals, or astrology, if you don't have a mastery of the subject matter at hand, you will be at a significant disadvantage. A good chunk of posts I see on this subreddit have to do with looking for a strategy. How has that worked out for most of you so far? + +Here's my analogy. Let's take two people who both want to become professional chefs. One guy puts in the time and the work to learn all kinds of different techniques. They become an expert with their knife skills, they have a great understanding of how to pair different flavour profiles. They master different techniques for cooking meat, making sauces, etc. After completing their education, they then start focusing on learning some recipes. After some practice, they start making their own recipes. + +The other guy skips the foundational steps and jumps straight into learning how to make a beef wellington. + +Who do you think is going to be more successful with their culinary career over the long run? + +\_\_\_\_\_\_\_\_\_ + + +Once you understand the foundational building blocks for different market theories, and you put in the time and the hard work, you will naturally gravitate to a certain style of analysis. Once you have your own methodology, you will find it much easier to develop your own strategy. And not only that, you will be able to tweak your strategy according to market conditions... or you will have several strategies for different markets and different conditions. + +&#x200B; + +There are no shortcuts in this business. None that I have seen work over the long run, anyway. A specific strategy is not what will make you real, lasting money in this business. +Really, the best time to look for anything is when you don't need it, but this is specifically about job hunting and how it worked out for me. + +The quick background: I've been in manufacturing 20+ years, mid-level management for the last who knows how long. I happen to love my current job. I have a great crew, good benefits, a boss that let's me run my department with very little interference, close to home... etc. The pay, definitely below industry standards, but people put up with it because of the perks. Basically, you trade lack of stress for lack of pay. + +A long time ago, I was told that you should always keep an eye out, never get too comfortable, so I did. Over the last few years, I applied for a few different jobs, and listed very high salary requirements knowing that if I didn't get an offer, I'd be okay because I was in a job I enjoyed. + +I received an offer recently for a position I have a great deal of experience with, and was able to negotiate a 53% increase in salary. Similar benefits (though obviously I don't know about the team, etc). I hit it off with my new boss very well in the interview, I have no worries there. + +I'm very excited about this position, and thought I would share with the rest of PF that even if you're happy, keep an eye out, and take a shot at improving your wage bracket. You have nothing to lose by asking for what you want (if you're in a position you're okay with being patient with for a little while). You just might find out someone thinks you're worth it. +As some of you know, u/fucktokenbot was recently banned from r/ethtrader. We created the first ERC20 tip bot to spread awareness about Ethereum, but our efforts were shut down and our account muted. We can mold and adapt our tip bot to fit the needs of this subreddit, including onboarding other tokens, but with this sort of censorship we have no voice in the matter. + +The bot has seen success in other subreddits: https://imgur.com/a/HW1vj + +This is the latest u/fucktokenbot comment: https://imgur.com/a/oKpaY + +We were recently given permission to operate our tip bot on r/ethtraderpro and would like to have it unbanned from this subreddit. + +I’d like to hear your opinion, including the mods, on the advantages and disadvantages of having this tip bot operate on r/ethtrader. Would the community like the tip bot here? We are open to any feedback, be it negative or positive. + +I'm a software dev by background. I've started doing some backtesting code in node.js since thats what I'm most familiar with. + +I see a lot of people talking about R - what do they use R for? Does it provide anything useful over and above any other programming language? + +I've seen mentions that R is good for AI/ML - does it provide anything over and above other languages for this? +Okay fellow apes. + +Hurricane Ida is mere hours away from hitting the coast of Louisiana. It surprisingly strengthened as it neared landfall and is now a 155 mph Cat 4 hurricane, 1 mph short of a Cat 5, recognized by the governor as the "strongest storm" since 1850, even worse than Katrina. It went from a tropical depression on Aug 24th to a whole hog cat 5 hurricane this morning. Most people didn't have any time to wrap their brains around how quick this happened, if you're in New Orleans please gtfo asap. + +Possible Trades : + +1- A bunch of offshore drilling takes place in the gulf and with a storm this destructive, production will take a hit. Companies already cut 60-90% of production and shut down offshore facilities in the gulf. oil futures are already up. You can leverage this by buying calls on SPDR S&P Oil & Gas Exploration & Production ETF $XOP or playing the levered oil ETF $GUSH. + +2- People run out to buy a whole lotta stuff from generators to plywood, sandbags, batteries, flashlights etc. You can leverage this by buying calls on Home Depot $HD, Lowe's $LOW and Generac Holdings $GNRC which sells generators. All three popped after hurricane irma and harvey in the past. + +3- People tend to need to rent a whole lot of stuff during and after big storms like this, from cars, to equipment and machinery. You can leverage this by buying calls on the AVIS Budget group $CAR and United Rentals $URI which rents out all sorts of equipment and gets a boost from every hurricane season as well. These popped after major hurricanes hit last 3-4 hurricane seasons. + +Best potential moves : + +1- Oil seems like it's going to be the biggest play, as \~40% of all oil production and refining takes place in and around the gulf. \~92-88% of oil and gas production in the gulf of Mexico is already shut down as of yesterday and storm damage will inevitably limit future production which means a spike in oil prices. I'll be looking for a good entry to $XOP and potentially open call spreads 2-3 weeks out and cash out at a spike in oil prices any day within that timeframe. If you can trade futures options, might be a good idea to buy calls on crude oil and oil products. + +2- $URI and $GNRC could see a sizable swing in the weeks following the storm, they nearly always do after big storms, so keep your eyes peeled on those. These could be good for a monthly call or call-spread position. + +NOTE: Spambot kept deleting my post for "spam domains" even though they were all legit local news sources, so I removed all links. + +**EDIT**: If this is your first time trading or you're a beginner trader for the love of Harambe please DO NOT put your whole fucking life savings into one trade. Manage your risk. + +**EDIT2**: For fuck's sake all of you retarded youtubers, don't listen to a shit throwing ape like me. I'm seeing a bunch of youtube videos popping up the last few hours about "the hurricane trade" and they all highlight these same plays. + + +***Not financial advice, manage your risk***\*\*\*, make bank.\*\*\* + +And apes! If you make bank off these plays, **donate** to the hurricane relief efforts! If you don't make bank, still donate! + +Ape king out. + +# UPDATE 10/25/2021 + +For those that took the oil play, congrats. The options went up 1000%+ since this post. + +&#x200B; +We have a very nice house in a "C Class" Neighborhood rented out to a quality tenant who recently has started to complain to me about their neighbors. + +Apparently the house next door is constantly filled with drunken idiots playing loud music at all hours of the day. I typically just tell tenants to call the cops and leave it at that but my tenant started texting me videos of what he hears inside his house and its ridiculous! He says he has called the cops on them several times and it never does anything only to make things worse between him and them. They have started intimidating him, throwing trash in his yard, and keying his car... + +I feel really bad for the guy and I am pretty concerned about what the next few years will look like for me. I previously met these neighbors and they apparently have been there for 8-9 years and don't seem like they are going anywhere. I have called the owner of the house and he clearly couldn't care less. I am feeling at a loss here. I imagine any tenant I would want to rent to will be just as unhappy about the situation as the last and I will just have to burn through tenants on this until these people move. + +&#x200B; + +Any advice? +I have around 100k to invest. Ideally I would like a passive income with a relatively high yield. + +Should I invest them all in dividend stocks or also pick some growth ones? + +Any suggestions on what to invest in would be great. + +I have had a look at a few high yield stocks such as $IRM, $AGNC, $XOM however I'm hesitant to even put a small percentage of my portfolio into such stocks looking at the falling share prices over time. + +To me a yield of 3-4% is almost not worth it. If were to go with 3-6% yields I'd invest in $ABBV, $O, $GSK, $MMM, $T, $TD, $ADM with a few others. + +Also to me does n't seem like a great time to invest with fairly high risk of corrections and an overvalued market. Should I wait for a correction? Time to buy was March but missed that.... + +Any advice would be appreciated. Thanks +It has a dividend yield of 3% and the price been around $340 for the last 3 years. I been looking at this stock for 2 years and in the early days of investing, I owned a few shares, not anymore but I been thinking of going back and buying up a couple of shares, What do you guys generally think about this company? + +My opinion: From what I know everything about this company is solid but it's attached completely to what the Government does, let's say a future President cuts the military budget in half, well there goes half of that sweet government money. Besides, it's a solid pick. +I'm finally going to start a dividend portfolio. Is there a reason nobody here talks about dividend based ETFs? VIG, FDVV, or VYM for example? Are those bad? If they are bad, just curious as to why, and what would you recommend I purchase to start off instead? Thanks in advance guys! +I'm considering to buy Alibaba stocks, I think it's a great company, with good financials, competent management, and the stock is undervalued. But China's both internal and geopolitical situation makes me doubtfull. +What do you think? + +Edit: based on my own analysis and everything said here, I would buy just a little portion of my portfolio. The only one thing that makes me hesitate, is ethical... Someone here mentioned something I didn't know about Alibaba participating in Uighurs. Anyway, I looked it up and didn't find much, neither denying it nor proving it. +I'm considering to buy Alibaba stocks, I think it's a great company, with good financials, competent management, and the stock is undervalued. But China's both internal and geopolitical situation makes me doubtfull. +What do you think? + +Edit: based on my own analysis and everything said here, I would buy just a little portion of my portfolio. The only one thing that makes me hesitate, is ethical... Someone here mentioned something I didn't know about Alibaba participating in Uighurs. Anyway, I looked it up and didn't find much, neither denying it nor proving it. +For anyone in need of a refresher, here is GameStop’s statement from Friday, Aug 5, 2022: + +https://news.gamestop.com/stock-split + +“On July 6, 2022, GameStop announced a 4-for-1 stock split in the form of a stock dividend, effective as of July 21, 2022, for stockholders of record on July 18, 2022. Tax information related to this stock split can be found here: https://news.gamestop.com/static-files/1764b8e4-0e1d-41a6-b502-8c5ab7604dc8 + +GameStop Guidance for International Stockholders with Split-Related Questions + +GameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split. Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants. We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares. + +We appreciate your investment and enthusiasm. Although we are not able to engage with individual brokerage firms, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC.” +63yo male in Indiana. Former financial adviser had me move my 401K ($560,000.00) to cash. What type of funds should I move it to or should I just leave it in cash for now due to the volatility in the market? I plan on retiring next year. + +I was originally going to put $500K in an annuity but decided against it. So +all my funds are just sitting in cash. + +I'm worried if I go back in the market right now I could lose a big chunk of money. + +Any advice would be appreciated! +Let’s be honest first; most of us would love MOASS to come tomorrow so that we can all be rich and prove everyone who ever doubted us that we were right all along. I can honestly say myself that I am one of those people. + +However, in reality, there are so many factors and variables at play that many of us aren’t considering when it comes to the current path to MOASS and the direction the board & executives are taking GameStop. + +When it comes to MOASS, imagine the legal loopholes and setup they’d have to go through first to make it possible! Trying to force MOASS to happen now would be like trying to start a fire with only kindling. You need the larger logs to be there as well to keep the fire going and make it strong; not just have it flash up and die out quickly. + +And with how past short squeezes have been shut down, I have pure faith that whatever they are doing now is to ensure that MOASS not only happens but will also not be stopped. This includes the recent shareholder meeting where everything they wanted passed was passed; including authorizing more legitimate shares (potentially setting up a big stock split & stock dividend play). + +The most important thing to consider is that GameStop is not just an amazing investment that will lead to MOASS. It is first and foremost a company. + +A company that used to be the laughingstock of memers and investors everywhere that was poised to become the next Blockbuster until people like Keith Gill, Dr. Michael Burry, and Ryan Cohen saw the true potential of the company. + +But now thanks to the internet and countless faithful individual investors all over the world, it has made a miraculous turnaround with incredible potential beyond just a short squeeze play. + +It would be foolish for the board and executives to only be focused on making MOASS happen instead of preparing for it properly and laying the foundations for the company’s future before it happens. + +The fact that they’re able to do this so effectively despite the market manipulation and short sellers, despite the hyper inflated market on the edge of global stagflation, and despite all the shills and negative news, is absolutely incredible in my humble opinion! + +If anything, their recent actions are proving that they are not just some stupid internet meme; but a truly legitimate company with an incredible future! +Over the past 10 years CPI has risen nearly 20% ([https://tradingeconomics.com/australia/consumer-price-index-cpi](https://tradingeconomics.com/australia/consumer-price-index-cpi)) + +For those who have been in the same job for any number of years - doesn't have to be the full 10, we'll get the idea anyway, (or equivalent sideward moves), how has your salary kept pace? Has your work place at least offered CPI increases? (so that you're not getting a pay cut in essence). +*crossposting from WSB since this post is primarily about how selling options is propping up the hedge funds* + +TL;DR: Sell covered calls to lock in your GME gains, don't be a dumbass. If everyone KNOWS what's going to happen, then the guys paying $20,000 a year for a bloomberg terminal will get there first. I know you will already downvote and move on due to how many words are below so here's some rockets to keep your attention 🚀🚀🚀🚀 + +Alright, listen up dumbasses. This subreddit has turned to absolute shit in the past couple of weeks and all 5 million of you new members need a lesson in how hedge funds work. Not here to say $GME can't rocket further as retail investors keep piling on, but the "GuArAnTeEd ShOrT SqUeEzE" and "Make them pay OUR price!!" is some of the dumbest shit I've heard in my life. If you didn't get in and out at the beginning of the week and don't sell on the next big pop, you're fukt. Eventually we will run out of retail investors pumping the stock. + +Ever noticed the first part of hedge fund? These guys seek to maximize returns while minimizing risk. Their GME positions will all be hedged one way or another. Maybe they bought calls when this went on its way up. I personally believe that they have been selling cash secured puts to meet the interest requirements while they wait for the bubble to pop. You guys have been pushing IV so high, that even Gamestop $1p a year out will get you something like a guaranteed 25%. The stock shooting up to $300, $400 a share is everyone pricing in the short squeeze. As the funds continue using this upward momentum to hedge their losses (or even make money if their short position wasn't large), we'll run out of retail investors and everyone will make an exit for the door. + +This is a casino, not an investing community, or leftist radical movement. You guys have no idea what you're talking about thinking you're taking down the big hedge funds. The only people truly getting burned here are the dumbasses that buy for $250 and 💎🖐️ at $500, then sell at $80 when they can't stomach watching it go down further +**TLDR: The USD is the reserve currency of the world for a reason. To make global investors lose all confidence in the US market is nothing short of self-destruction and would lead to a lot more than just the collapse of the stock market.** + + + +After the posting of u/atobitt's HOC DD, as a result of it implicating practically the entire stock market, its owners and regulators, a lot of apes have had their faith shaken and doubts have arisen, some reasonable, some unreasonable. This has given shills an easy opportunity to stir up FUD within the ape troop, so I wanted to make a post to put your fears to rest, specifically about the nigh impossibility of the United States government stepping in to bail out shorts from having to cover. + + +A common piece of FUD being circulated right now is that the government is more likely to preserve the status quo of the current stock market and wealth distribution than it is to allow the covering of shorts and to allow huge upheavals in society. While initially appearing as a legitimate concern, this scenario is impossible precisely because saving the shorts (in forms other than a cash bailout because in that scenario GME holders still get paid) would have even ***more*** drastic consequences than even what could be the largest redistribution of wealth in history. That is because an intervention here carries the very real possibility of what is essentially **the destruction of the United States of America as you know it.** + + +Huge sections of the government, regardless of party and especially those with ties to the financial system and the stock market, are corrupt. Wall Street is corrupt and exerts huge control on the government. Many, if not all of the financial regulators are corrupt, and in the deep, deep pockets of Wall Street, and together with the government form a sort of huge corrupt cabal of money laundering and upward wealth movement. However, EVEN THOUGH Wall Street is capable of exerting extreme pressure on the government, EVEN THOUGH Wall Street can ask for itself to be bailed out time and time again, the United States Government is helpless to intervene and save hedge funds this time, even if it wanted to, for the obvious reason that to do so would be self destruction, plain and simple. An intervention on behalf of hedge funds that allow them to exit their positions at little cost would unambiguously destroy all trust in the stock market, this much is obvious to anyone. However, the counterpoint has been raised, that given the widespread fraud uncovered over the process of GME, faith in the stock market has already largely evaporated and that it would be preferable for the government to step in, get hedge funds out, and sweep the whole incident under the rug and be left with only a handful of disgruntled retail investors with no power or money to their name. Everybody else is happy, believing their retirement funds to be safe while hedgies continue to gamble them away and in true corrupt fashion, **the rich continue to stay rich.** (this part is the crux of the issue, I'll get to it in a bit). + + +To do this would then immediately lead to the largest exodus of capital humanity has ever known and the complete and utter annihilation of the US economy. Why, you may ask? "Surely government intervention couldn't cause something like that to happen, right? I mean, they've intervened before and nothing happened.", to which I say that in the event of a bailout (which is not the type of intervention we are talking about), as the rightful owner of your shares, you are still entitled to the price you sell them at and you will still be paid, as well as ask you this: If not even domestic investors can have trust or faith in the US market, how could an international one? If the US government, the upholder of Capitalism itself, can desecrate the one thing it extols beyond all else, by manipulating the supposedly free market in plain sight, the very thing it promises to investors from every corner of the world, what faith could anyone have in its economy? It's not a matter of erosion of trust, it's a matter of total eradication of trust. If you are a foreign investor, how can you then reasonably believe that the value of your investment is safe from fraud or state manipulation? If you are a foreign government, how can you then reasonably believe the treasury bonds you hold will retain their value decades years from now seeing as the US government openly engages in fraud and violates its own rules? + +I would like to remind everyone that the US has taken **tens of trillions** of dollars in debt to finance itself. Were the US to engage in behaviour that blatantly violates principles of trust and parity in the market, all of a sudden a US treasury bond is now the most useless thing since Shitadel's risk management team. If no one wants them, the interest premiums of every government bond issued will skyrocket and future premiums will be similarly incredulously high in order to try and get them off the hands of whoever's currently holding them, to which the US stands **absolutely zero (0) chance at paying back** except through default, or by printing more money, both of which lead us to the grim reaper of debt ridden economies - Weimar Germany, the late Soviet Union - hyperinflation and recession. Every single foreign dollar invested into the US market is immediately withdrawn, because the USD is worth nothing. Everybody who is currently paying off a US loan can afford to do so at hilariously low prices, because the USD is worth nothing. Every participant in the global economy refuses to take USD as payment ever again, because the USD is worth nothing. Europe and China immediately convene to create a global financial system where America is practically never relevant again. The US becomes isolated from the entire world, the worth of its dollar rapidly approaching zero as hyperinflation takes place and every financial entity under the sun looks to offload as much of their USD as they can. Forget international investors, even domestic investors are now aware that the very valuation of their assets being in USD is not only a risk but practically a death sentence. To admit to the global economy that the US market is totally fraudulent, to not only ADMIT it, but to explicitly ACT TO MAINTAIN IT is less like the straw breaking the camel's back, and more like the elephant that will crush it to death instantly. + +And here we return to the crux of the issue. If the US dollar is worth nothing, neither are all the now god forsaken digits in even Jeff Bezos' bank account. ***The rich cannot stay rich.*** Even a handful of retail investors becoming very wealthy is an infinitely more preferred alternative to what is essentially the downfall of not only the US, but the rest of the billionaires and the rest of the corporations that were otherwise not implicated in the workings of the stock market. **And that is why it cannot happen.** +For a while now, since the end of 2019, I have been investing with an All Seasons Portfolio strategy with UCITS ETFs. It fits me well as I am perhaps not risk averse, but rather risk conscious, and seek to manage my finances in a way that I am not overly exposed to the cycles in the different parts of financial markets and in investor psychology. + +The strategy has worked as expected so far, with annual returns around 7%, and I share my experiences on a blog on this topic. + +That brings me to what I want to share today, as I have just finished writing an article which compares the historical returns of such a risk parity portfolio as the All Seasons Portfolio against that of S&P 500 since 1927. + +As a recap and a background for those not familiar with the All Seasons Portfolio, it is a strategy that is based on the notion that the economy is fundamentally only driven by a matrix of four forces: higher/lower than expected economic growth and high/lower inflation, and that you build a risk balanced portfolio of assets that flourish in each of these "seasons" and weigh the assets based on their relative volatility. The usual assets are stocks, long-term treasury bonds, TIPS, commodities and gold, with the below allocation: + +- Stocks: 30% +- Long-Term Government Bonds: 40% +- TIPS: 15% +- Commodities: 7.5% +- Gold: 7.5% + +Many investors, especially those allocating all their capital to the stock market with the assumption that "stocks are the best investment over time", have been difficult for me to discuss with, as most use the last decade as proof that stocks are a superior asset class. + +To me, that is a clear case of recency bias, as the Season we have been in has heavily favoured stocks (moderate inflation and decent economic growth), paired with central Bank stimulus. + +While this has been true since 2009 - average annual return of the S&P 500 has been about 13% - my view is that there are no guarantees that this performance will continue. As described by Howard Marks in "Mastering the Market Cycle" and Daniel Kahneman in "Thinking Fast and Slow", performance usually revert toward their mean, or move further toward the other side of the pendulum. + +Recognising that we may not be able to predict how the stock market will perform between 2020-2029, i.e., if it will continue to muster above-average returns, I embarked on a quest to compare a risk-balanced portfolio that is diversified between asset classes and the S&P 500 over a longer period of time, and not only the last decade. + +I compared data of annual average excess return over cash (risk-free rate) and made two interesting observations: + +1) between 1927 and 2014 (my available data), the risk balanced portfolio had worse average excess return than stocks (4.4% vs. 7.5%), BUT +2) during times of higher inflation (which remains a possibility for the coming years), i.e. in 1970s and the last commodity boom 2000-2014, the risk balanced portfolio performed better than the S&P 500, and +3) throughout the examined period (1927-2014), the risk-adjusted excess return of the risk balanced was superior to that of the stock market, with lower standard deviation, and higher Sharpe ratio. + +You can read more about the comparison on the following page: + +[https://allseasonsportfolio.eu/portfolio-update-june-2021-a-study-of-risk-parity-portfolios-against-sp-500-since-1927/](https://allseasonsportfolio.eu/portfolio-update-june-2021-a-study-of-risk-parity-portfolios-against-sp-500-since-1927/) + +The take-aways I want to convey here though, is that: + +1) be careful with recency bias, as stocks may not reward you with the same return in the coming as they have recently +2) change your perspective to become an "investor in financial markets" rather than an "investor on the stock market" to further broaden your understanding of the economy and diversifying your risk between asset classes. +3) you cannot predict what the markets will throw at you, but you can your portfolio against any eventuality + +I hope you found this brief text interesting and useful. Thanks for your attention. +Hi all, +I see that a lot of you seem to be high performers and in high paying fields. While that's a great way of becoming FF, I wonder what have been the best way to reach upper management and to get that large pay increase from middle management. + +Without giving too much away, I'm quite lucky to have been promoted very quickly since the beginning of my career (tech). I'm still young but I want to know if I should rather jump ship to reach upper management or settle down at a company and wait. I'm currently preparing for a T1 MBA in my country. I think that would help. I don't feel stuck but rather undecided. + +For those of you in upper management what is the most effective way of becoming FF from middle management onwards? +LunaDoge is a fork of MoonRat and SafeMoon. Both projects have been audited by CertiK, assuring users that there is no backdoor in the code for the team to scam its investors. $LOGE is currently in it’s infancy and is only available on PancakeSwap🥞. + + +https://lunadoge.finance/ + +UPDATES: + +NEW website is LIVE +DAO voting is LIVE + +Why does this token have Moon potential? + + +✅Hold and Earn + +· Every transaction incurs a 10% fee: + +· 5% distributed to hodlers + +· 5% permanently added to LP (currently $350k) + + +✅Liquidity Locked + +· Team tokens (24% of total supply) locked using third party provider DXSALE + +· 15% for 6 months, 5% for 3 months; 4.7% for 14 days which will be re-locked again + + +✅Bi-weekly Token Burn + +· Every second week the team will burn 1% of total $LOGE supply from their own tokens · This coincides with team token re-locks. DAO could decide for more token burns now. + + +✅What’s in the Pipeline? + +· Coinmarketcap listing + +· Coingecko Listing + +· DAO votings · External audit + +· Cross-chain integration + +· Token farming + +· Partnership rollout + +· Community growth + + +This team has continued to demonstrate their commitment to the LONGEVITY of this project and have continually increased my investment confidence through their actions! Its holders are put first and that seems to be a rarity given the recent landscape of startup projects. I truly believe this has this potential to compete with, if not surpass, Safemoon. + +Do your own DD and let me know what you think! Hopefully we’ll take a ride to the moon together 🚀 +Your birthday is supposed to be a special day but when you have no money it's just another sh*tty day. I spent the whole day worrying about bills coming up. My birthday dinner consisted of a dollar burger that I was able to get with change I found. I got into a fight with one of my only friends. I'm just bummed out I guess and wanted to vent. Thanks for listening. +[https://www.congress.gov/bill/116th-congress/house-bill/5596/text?r=1&s=1](https://www.congress.gov/bill/116th-congress/house-bill/5596/text?r=1&s=1&fbclid=IwAR2L2g09TYX5yygq0Mh9pxLqtzeoPYezvXRzyyiByiEnTmEkUJc3G7qq3EQ) + +Changes to HSAs if passed: + +* Increases maximum personal HSA contribution to $10,800 (subject to COLA) +* Increases maximum family HSA contribution to $29,500 (subject to COLA) +* HDHP no longer required to contribute to an HSA. Any health plan, insurance, or ministry plan qualifies. +* HSA funds can be used to pay for healthcare premiums. +* HSA funds can be used for "periodic fees paid to a physician for a defined set of medical services or for the right to receive medical services on an as-needed basis". So if your physican or dentist offers a monthly plan directly from them, you can use HSA funds to pay for this. +* HSA penalty for non-qualified distributions reduced from 20% to 10%. +* HSA can be used for **any** prescription or over-the-counter medicine or drug and for any insurance co-pays. (the current law states that HSA can only be used for **prescribed** medicine and insurance co-pays) + +Legislation was sponsored and co-sponsored by three republicans: (R-TX) Chip Roy, (R-AZ) Andy Biggs, (R-LA) Mike Johnson + +Republicans have a majority in the Senate. Democrats have a majority in the House. Requires passing in the House first. Considering the CBO analysis would likely show a huge expense, it might die in either chamber because it's not revenue neutral. + +Crossposts: + +[https://www.reddit.com/r/fatFIRE/comments/erkisf/personalized\_care\_act\_of\_2020\_would\_raise\_hsa/](https://www.reddit.com/r/fatFIRE/comments/erkisf/personalized_care_act_of_2020_would_raise_hsa/) + +[https://www.reddit.com/r/tax/comments/erielv/personalized\_care\_act\_of\_2020\_would\_raise\_hsa/](https://www.reddit.com/r/tax/comments/erielv/personalized_care_act_of_2020_would_raise_hsa/) + +\-------------------- + +Also see this for Senate proposed HSA changes (Health Savings Act of 2019): [https://www.reddit.com/r/tax/comments/erielv/personalized\_care\_act\_of\_2020\_would\_raise\_hsa/ff4b8h2](https://www.reddit.com/r/tax/comments/erielv/personalized_care_act_of_2020_would_raise_hsa/ff4b8h2?utm_source=share&utm_medium=web2x) +Sorry folks, sort of long... +So last year I contracted Covid which became long haul Covid which eventually exhausted my sick/vacation/FMLA leave and my employer"let me go". But that's not the rant here. +Over the last 2 months I have had multiple interviews, you know with those employers who keep talking about how "desperate they are for workers" and how "nobody wants to work" and they all want to know about the "recent gap" in my work history. And inevitably after seeing that and hearing why there's always a "better candidate" for the position. So basically you have to have a job to get a job. Even with a perfectly legitimate reason for spending eight months not working it STILL counts as a negative strike. Meanwhile the holidays are coming up and I'm starting to panic about what to do for my kids. Not to mention maxed out credit cards, overdue bills, etc. It feels like once you get even a little behind everything avalanches and your stuck. + + +Edit: I am overwhelmed by the amount of support and good advice that has been given.Thank you all so much! +I am seriously thinking about going to school for this field of work and am wanting to read some experiences. How difficult was it? Did you go to school? Do you recommend this job to others? What was your first step into real estate? +I know we all have our thoughts on Zip and it’s place as an OG meme stock here. I myself have been a holder since early last year and it is indeed a roller coaster of fuckery and emotion. + +But putting that aside, what are your genuine thoughts on its short term and long term future? + +From what I see here mostly it is negative long term and about 50/50 for the short term with discussions about interest rates and regulations but I’d like to hear from you fine humans. + +(I’ll also be making a separate poll post just to get an extra glimpse at the numbers behind the sentiments of people here) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Your markets are run by bots. 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Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +APES. It has been a very good week. Don't let anyone try to tell you otherwise. Barely a week ago we were fighting for $180, now we have rock solid support at $245-250. It is all spelled out in black and white (green and red?) on the month-long chart: we are winning this battle. + +I don't know about you but it has been quite a journey to get this far. Lots of twists and turns and emotions. Even though we are not finished by a long shot, I thought this weekend might be a good time to step back and take stock of where we have been, to get a clearer view of where we are going. So, tonight I am going to peel back the layers to a tweet by Michael Burry from back in the beginning of the GME craziness. The seeds of the ending are right there in the beginning, if you look in the right place. So grab your Friday evening beverage of choice, and lets do some looking together, shall we? + +**Michael Burry** + +I like to think of Michael Burry as the original GME ape. Now, I say that of course with all due respect to our boy DFV, whom I have grown surprisingly fond of for a dude I haven't met, and whom I would love to buy a beer when this is all said and done (DFV, in the incredibly unlikely event you are reading these musings of a smooth brain, hiya bud 👋 cheers 🍻 to seeing you back on twitter this week, you cool cat). DFV actually testified in his testimony to Congress back in February that it was (in part) Michael Burry's public interest in GameStop that triggered him to take a deeper look. And if you take a look at Burry's letter to the GME board in August 2019, he makes many of the same points that DFV and even Ryan Cohen have brought up at different points (for example: new console cycle leading to stronger earnings in late 2020-early 2021; massively over-shorted stock that the Board of Directors can and should do something about; and that GameStop at the time was squandering a golden opportunity to develop a new business model based on e-commerce - Burry specifically mentions Twitch and GameSparks being bought by Amazon as missed opportunities - and that if they learned their lesson and made some key changes there was a chance for a big turnaround). + +We all know what happened from there. DFV invested in GME starting in June 2019. He and the WSB retards had some fun with it during the pandemic. A lot of people made fun of him and then deleted their accounts like a month later out of shame. Lol. In late 2020, Ryan Cohen wrote his letter to the board and things got weird. Burry sold his GME position at the end of 2020 for serious profit (GME's price already was up 400-500% from the time when Burry opened his position), just before GME had a lil' mini squeeze in January (sidenote: Burry did NOT paperhands. As manager of a fund, he has a fiduciary responsibility to his investors. He can't sit around waiting for a short squeeze. If you seriously question the diamond hands on that silverback, watch The Big Short again. You must not have paid attention. My man HODL'd in the face of so much stress leading up to 2008 that he almost needed part of his intestine removed. Oh, and if you haven't seen The Big Short... 😑... we'll talk more about that in a moment). + +Even though Burry closed his GME position, he didn't just stop talking about it. Not by a long shot. + +**"Building You Staircases and Knocking Castles Down"** + +Read this tweet. No, seriously, go ahead. I'll wait. + +[🤑🤯](https://preview.redd.it/r9cnzt4sdc371.png?width=960&format=png&auto=webp&s=b2e08f32a36128bf71dc67a2a538ae9a6c0fb276) + +I think about this tweet almost every day. To fully appreciate the impact it had on me, the best I can do is to put you back to where we were and how we felt that day. It was tweeted at market close on Thursday, February 4th (the twitter timestamp says February 5th - this screencap is not my own, but I assume the person who took it was not in a U.S. time zone given the time and the commands being written in Swedish). The January mini squeeze happened the week before and we ended that Friday at $325. Pretty good considering we had just witnessed the worst market manipulation in multiple lifetimes. But then the following Monday, Feb. 1st, GME fell precipitously. It dropped $100 on Monday. Tuesday was worse, down about $150. Pretty dark times. I myself had just YOLO'd my savings into GME the day after Robinhood shut down trading, and was gutted to see losses of over 30% on my first full day as a stock trader. I was a lurker on WSB at the week of the spike, but that first week of February there were times where I was tempted to wonder if I had unwittingly stumbled into an echo chamber of cultists. WSB was suddenly filled to the brim with trolls calling people bagholders. Even among the true apes in WSB at the time, the general sentiment was some version of "I'm with you to the end... but I would be lying if I said I'm not nervous." + +And then Michael Burry tweeted this. + +I first saw it on the evening of Friday Feb. 5th -- a snowy, cold, and dark winter evening where I live. Someone on WSB posted it, just as I was settling in to watch The Big Short for the first time. Apes, I wish I could put into words the level of mind-blown I experienced when I realized after just a few minutes into the movie that the dude Christian Bale was playing was the same dude that, earlier that very same day, tweeted about big money building us staircases via GME. I literally had to put the movie on pause for 10 minutes, reread the tweet, and then paced around my apartment with my mouth open, all the while turning these words over and over in my mind: + +"building you staircases and knocking castles down... building you staircases and knocking castles down." + +HO. LY. 💩 + +At the time of course, we knew there was big money involved in GME -- but not necessarily on the long side. We had thought (or, more accurately, the media had portrayed) that it was a few million retail traders vs. Wall Street. But Burry clearly knew otherwise and, in his usual obscure tweet style, danced around the subject *just* *close enough* to throw your mind into a tizzy. + +So the stock Burry compares GME to is a biotech stock. I won't mention it by name, because it isn't important to me right now, except for how it impacts GME (although, granted, it is on my list for stocks to invest in with MOASS tendies, for one big reason I will get into below). Instead I will refer to it simply as \[biotech\]. + +Let's take a look at the price chart, 6-month view, with the cursor over the day in question. + +[\[Biotech\] 6-month](https://preview.redd.it/1qckf0u8mc371.png?width=3077&format=png&auto=webp&s=e187d04240a23db89f56276ff81b9c9ebdbef7e4) + +&#x200B; + +[GME 6-month](https://preview.redd.it/dg7pjzdbmc371.png?width=3081&format=png&auto=webp&s=d646c2265393ad3dfbdd930cbfb4f39ecfd82d2b) + +Now, when you look at \[biotech\], you might see the big spike and think it looks just like GME or the movie theater stock. We all could probably recognize the GME 6-month chart instinctually at this point, without any numbers or labels. But look closer. The big spike you see on \[biotech\] occurs on February 2nd and 3rd. GME had already more or less finished its freefall from $483 to $40 when \[biotech\] was spiking. So why did \[biotech\] do almost +300% in two days? + +[Interim Analysis Results](https://preview.redd.it/7nub2o3mic371.png?width=3793&format=png&auto=webp&s=fc1b63c3e20f4b699cf43264e28d59eef92c76c9) + +This is why. They announced on February 2nd they have a drug that is a gamechanger in Alzheimer's treatment. As someone who lost a grandmother to Alzheimer's and remembers how disturbing it was, I consider this borderline miraculous. The interim results of this drug show 98% efficacy and improvements in behavior, cognition, and memory. Yup, that would certainly account for the price tripling in 48 hours. + +But it doesn't explain why it would then get cut in half over the next 48 hours. As we have seen with GME, price action on good news can last for months. Look up the price action on any of the companies that have produced COVID vaccines for even better examples. So why did \[biotech\] have a meme-like spike? + +**#BigMoney** + +Let's look at something else. One of the first things I tend to look into on a new stock is who has skin in the game. So here we go. \[Biotech\] institutional ownership. + +[\[Biotech\] Institutional Ownership](https://preview.redd.it/ncqoqesvlc371.png?width=1848&format=png&auto=webp&s=b4ee1f928c026481095c5cb17a9c69b8d3237c30) + +Did you see it? + +[🤔](https://preview.redd.it/j9nha0l3mc371.jpg?width=1848&format=pjpg&auto=webp&s=8de0087e483dd8d597da5c4889175cd3512e3c13) + +Hmmmm... + +So BlackRock, our mythical GME long whale, is also the largest institutional holder of \[biotech\]. Interesting. But that's not all. Susquehanna International is also in the top 10, a noted GME shortie (some would even put them in the top 3 with Citadel and Melvin). Pretty sus if u ask me. Insert \[FuturamaSquintyEyes.gif.\] + +And yep, sure enough, there's our boy Kenny (sidenote: I will never insult the real "Let's have some Sax" Kenny G by calling Ken Griffin that. Nope. Won't do it! As he said himself, "there's only one Kenny G, and it ain't you!!") + +BlackRock owns 2,404,922 million shares, or about 6% of the company. I am comfortable saying that is a long position. By my count there are only three other institutional holders that have more than half a million shares. + +Susquehanna owns 367,827 shares. They also own calls and puts. I don't have the paid version of Fintel so I can't see exactly the ratio of calls to puts. They might be long, they might be short. + +But Kenny boy on the other hand... according to everything I have found, Citadel is only net long on like 6 stocks, and they are all big tech and "blue-chip" stocks (Microsoft, Amazon, Netflix, Facebook, VISA, possibly NVIDIA and AMD,). So if Citadel has a position in \[biotech\], you better believe it is as a hedge against a net short position. + +Let's go back to February 4th. On that day, both GME and \[biotech\] actually started to find support after their respective freefalls - GME in the $40-$50 range, as we all remember. My (not necessarily chronological) step-by-step explanation for what led up to the events of this day are as follows: + +&#x200B; + +1. Citadel (and possibly Susquehanna) shorted both GME and \[biotech\]. +2. BlackRock went long on both GME and \[biotech\]. +3. GME spiked as retail trading, media coverage, and FTDs spilling out converged perfectly to slaughter 🌈🐻 +4. A couple of days later, \[biotech\] spiked on the news of the interim results of their Alzheimer's treatment. +5. Citadel didn't like that. So they shorted \[biotech\] back down to size as much as possible (smh). +6. On February 4th, BlackRock stepped in and said "enough is enough," and provided support for both GME and \[biotech\]. They ultimately stabilized, but the algorithms of the same two institutions fighting back and forth over the prices led to nearly identical charts. + +&#x200B; + +So you see, the day Michael Burry tweeted this, February 4th, was really a perfect storm - a glitch in the simulation - that tipped Michael Burry off to something going on under the hood. Two financial behemoths - BlackRock on one side, Citadel on the other - dueling over stocks in *completely different sectors,* after they had spiked within days of each other, for *completely different reasons*. BlackRock, our GME long whale, apparently won that day, as they managed to stabilize the prices of both stocks well above their initial price before their spike. And, if you look at the months since then on the 6-month chart, I think it is clear who is winning still. + +**My main takeaways from this exercise:** + +1. **I cannot possibly fathom how someone as smart as our boy Kenny would think that a short position on almost every stock in existence is a viable financial strategy. Well, actually, that's not entirely true. I have** ***one*** **idea why he might, but it is a reason that is equal parts sad and degenerate. Maybe the subject for a future DD.** +2. E**very time I, or any one of you beautiful apes, pulls on a loose string in the GME situation, somehow it always seems to lead back to BlackRock.** +3. **Put yourself in Burry's shoes for a moment. If you were as smart as him, manager of a hedge fund, who had been investigated by the SEC and the FBI multiple times due to 2008, had just made serious money off of GameStop in the January runup, and you still knew GME was going to squeeze, what would you do? Would you say or do anything about it? Because I wouldn't. In fact, I probably would close my position (at least my public position) as soon as possible to show I have no "skin in the game" for fear of being investigated again for market manipulation. And then I would probably find a sneaky and indirect way on social media to tip people off that it is still going to squeeze. Like tweeting about staircases being built and castles being knocked down.** +4. **When I first started this I was seriously hoping to learn some stuff from Burry. Now that I have finished, I am just left with a headache and wondering how anyone could ever have that many wrinkles. Wut.** + +&#x200B; + +**TADR: Michael Burry smart ape. Silverback. Looooooots and lots of wrinkles. He said GME go brrrrrr 🚀🚀🚀 even when it looked darkest.** + +HODL my beautiful fellow apes. + +If you made it to the end, good job monke. Here, have a banana 🍌 + +Not financial advice. I literally can't tell my own rear end from a coconut FYI. + +P.S. There are plenty more tweets and things that Burry has said and done that could be looked at under the microscope. I am doing this mostly as an exercise for myself to try and learn at the feet of a master. If this kind of thing interests enough apes I could do more of them going forward. + +**EDIT June 7th: APES. I got the ping on my phone this afternoon that this post is still getting upvotes and awards, 3 full days after I posted. It is over 5k now. It might not seem like much but I am tremendously honored and thankful for everyone reading this and giving it traction. I have never had a post get visibility quite like this, so thank you 🙏❤** + +**Also, I wanted to tidy up a few things, and to in turn give visibility to some really great points that commenters made below (I know I am going to miss some people if I try to tag usernames, so for now I will leave that out of it. But your wrinkly insights deserve to be highlighted here for all to see).** + +\-As a couple of people pointed out, Michael Burry actually closed his position in GME *before* the runup in January, not during it. The post has been edited to show that :) + +\-Just to make it fully explicit in case the analogy is lost on people (I am thinking especially of our fellow apes who might not speak English as a first language, to whom these images might be a little more obscure): + +**Staircases**, on the simplest level, are built to allow someone to ascend from a lower level to a higher level. So big money building us staircases via GME squeezing is simply them giving us the means to ascend from a lower state (poor, marginalized, and with the entire stock market stacked against us) to a higher state (rich, with all kinds of resources, and the ability to reform the markets to be more fair for everyone/ true to their purpose). + +**Castles** are a symbol of power, wealth, and tactical superiority. Historically they were fortresses, often built up on a hill or a mountain so that invaders would be thoroughly exhausted by the time they get to the front gate (if they even got that far). They had all sorts of tactical advantages like thick walls, ramparts and turrets for archers, moats that could only be crossed by a drawbridge, perches where burning hot oil could be poured down on invaders, and multiple layers soldiers and walls inside if you managed to breach the gate. Big money knocking castles down means offering us the most powerful of tactical support (whether out of convenience or out of kindness, it doesn't matter). They are quite literally taking care of the hardest obstacle for us. But we need to **hold** the line (heh, see what I did there?) so that the enemy doesn't have any alternate means of escape. Oh, and by the way... guess what another name for a castle or a fortress is? A *citadel*. 🤯😳 + +\-The phrase "building you staircases and knocking castles down" was taken from a song, "The Big Money," by Rush. Burry actually tweeted about it a couple of days before the February 4th tweet, so he obviously had it on the mind. I knew about it before I posted, but declined to include the entire song originally because I didn't want this to be too long. But some apes have mentioned that the rest of the lyrics have some other interesting things going on that definitely apply to us today, and I fully agree. So here they are in their entirety: + +"The Big Money" + +by Rush + + + +Big money goes around the world +Big money underground +Big money got a mighty voice +Big money make no sound +Big money pull a million strings +Big money hold the prize +Big money weave a mighty web +Big money draw the flies + +*Sometimes pushing people around* +*Sometimes pulling out the rug* +*Sometimes pushing all the buttons* +*Sometimes pulling out the plug* +*It’s the power and the glory* +*It’s a war in paradise* +*It’s a cinderella story* +*On a tumble of the dice* + +Big money goes around the world +Big money take a cruise +Big money leave a mighty wake +Big money leave a bruise +Big money make a million dreams +Big money spin big deals +Big money make a mighty head +Big money spin big wheels + +*Sometimes building ivory towers* +*Sometimes knocking castles down* +*Sometimes building you a stairway —* +*Lock you underground* +*It’s that old-time religion* +*it’s the kingdom they would rule* +*It’s the fool on television* +*Getting paid to play the fool* + +Big money goes around the world +Big money give and take +Big money done a power of good +Big money make mistakes +Big money got a heavy hand +Big money take control +Big money got a mean streak +Big money got no soul… +I normally wouldn’t expect fud from my wife. I told her, “these apes are my real life friends”. Seriously though, the people on this sub are incredible and delight me everyday. Yeah I’m on my phone a lot but I’ve learned more these past six months than probably the past six years. Hopefully one day some of you will be my “real life” friends because we do have a lot in common. 🚀🚀🚀🚀🚀💎🙌🏼 +I'm in the process of renting a new apartment closer to where I work in the city. + +Last week I toured an apartment which I loved, so I submitted my application and made an offer. The landlord met me halfway on my offer and lowered the rent by a bit. Great! + +I still have yet to sign the lease, and I'm supposed to do that this week. However I got a text from the real estate agent today that the owner wants me to sign a 16 month lease instead of the typical 12 months. + +I assume this is because the owner doesn't want to have to deal with renting out the unit "off-season", as a 16 month lease would put the rental renewal period right in the peak of renting season in September, as opposed to now. + +On one hand, I like the idea of locking in the same rent for an extra 4 months, and wouldn't mind helping the owner out in good faith, seeing as they lowered the rent at my request so far. + +But on the other hand, it seems like the 16 month lease might be shooting myself in the foot, as the lease would then be up for renewal in a much stronger market, meaning the owner could be more likely to raise the rent in the future. Plus it would be a pain for me to have to move during the busiest time of year as well. + +Can anyone comment on what's the best course of action, or have experience with a similar scenario? + +**Edit**: I should also mention that there was no mention of a 16 month lease until I had already submitted my application for a 12 month lease. This is why I'm considering saying no to the 16 month lease, because it feels like they're just trying to see what I'll agree to. + +**Edit2**: Thanks for the advice from everyone. I read through all of the comments. After thinking about it, I figure that a 16 month lease will actually work out well for me. The main thing I was concerned about was potential price gouging due to renewing the lease again next fall. However, after hearing from a few landlords here, it seems like trying to get your properties to renew in the peak season is actually common practice, and doesn't necessarily indicate that they're trying to pull anything on me. It's possible that they will try and spring a big rent increase on me next year, but I think overall that's unlikely, seeing as I plan on being a good and responsible tenant, which is much more valuable to a landlord than trying to squeeze a few extra bucks out of the place per month, and having to relist the place. + +Another factor which I didn't mention is that this apartment has a great patio space, and signing for another 4 months means I'm guaranteed to have the place for next summer when I can continue to enjoy the patio in the warm weather! + +I'm supposed to be signing the lease this afternoon, after checking it over very carefully obviously. Thanks again everyone. +https://www.cnbc.com/2020/08/21/coronavirus-struggling-retailers-rush-to-file-for-bankruptcy-as-fear-of-a-second-wave-lingers.html + +Industry executives saw what happened to other retailers who filed for bankruptcy in the first few months of the coronavirus outbreak. + +They worry that could happen to them should a second wave of infections hit during the winter months as some medical experts have warned. + +Sporting goods chain Modell’s filed for bankruptcy on March 11 — before the coronavirus put its liquidation plans on hold. +I currently have 32 doors and they are driving me nuts. With the stock market about to drop I entertain the thought of selling everything I have and rolling it into a stock market decline often. + +I only started buying in 2018 so I've mostly been buying and not selling so all the fees that come along with selling the properties I'm not 100% on. From what I know there's going to be four fees: + +-Realtor fees of likely 6% + +-Bank documentation fees + +-Prorated property taxes + +-Capital gains minus depreciation recapture + +The one I'm thinking I might be able to leverage is capital gains. I quit my job 3 months ago and I'm thinking if I could keep that going for a while with the repairs on the properties I could probably swing an AGI of under 40k (on my tax return). Technically capital gains tax rate for individuals with annual income under 40K is 0%. + +With that information in mind, do you think it's possible I could sell $2 million in properties and not pay capital gains due to a low AGI? +I was talking with some of my friends I've graduated with today and we were talking about loans. We all received our degrees in engineering in 3 years (all did community College before going to a university) and they all mentioned owing somewhere between 10k to 30k. I owe 100k. I feel like I messed up. They all went for federal loans. I was advised by my parents to take private loans and some federal loans. About 80k is in private and the rest in federal. + +I will roughly owe $800 a month. For the next 10-15 years. I want to try and refinance my private loan to bring this down to $600 a month. + +I imagine it's too late to change what's already done, but so I know for the future and my kids, did I mess up really bad? + +Edit: to clarify I'm in the US +[FT article $](https://www.ft.com/content/84de88bc-c5ee-11e7-a1d2-6786f39ef675 +) + +> Uber failed to overturn a tribunal ruling that **it should treat its drivers as “workers”**. If forced to treat its 40,000 UK drivers as “workers”, **it'll have guarantee minimum wage and holiday pay**. Uber says this would probably mean it scheduled shifts rather than allowing them to “log on” when they wanted to. Uber may then **have to pay employers’ national insurance contributions (UK Social Security) and VAT (sales tax)** + +> Uber is **able to appeal again** to the Court of Appeal and possibly to the Supreme Court. + +> Tom Elvidge, Uber UK’s acting general manager, said: “**Almost all taxi and private hire drivers have been self-employed for decades**, long before our app existed. The main reason why drivers use Uber is because they value the freedom to choose if, when and where they drive and so we intend to appeal.” + +> Original tribunal found in October 2016 that the **company exerted too much control over their work to class them as truly independent.** + +> James Farrar, **one of the two Uber drivers who brought the case**, said: “Uber cannot go on flouting UK law with impunity and depriving people of their minimum wage rights.” + +> Deliveroo, a food delivery gig platform, is also facing a legal challenge from a group of couriers who say they are not truly self-employed. Ditto for Pimlico Plumbers, taxi firm Addison Lee and courier company CitySprint + + +The implications are enormous here as it means: + +- no more ability to charge a surge or at least high a multiple since shifts scheduling means they can control some basic level of service +- no more ability to incent people with 'unlimited earnings potential' +- that slavish customer service to maintain 4 stars goes out the window when you can't just fire people +- realistically, if it comes to pass I expect not many drivers to pass the 'probationary' period when many/most benefits can be held back + + +FWIW, I think Uber's atrocious hubris is giving a bad face to what can potentially be a great industry. If they just weren't such dicks to everyone all the time (see: Lyft) something could be worked out +The established wisdom on the recent Short Squeezes is that a bunch of 'happy' Options traders led by Reddit and Social Media (us in other words) :-) created a Retail Swarm and hit the Hedge funds and made a ton of money whilst at the same time sticking up to Wall Street. + +Today, Carson Block (who always published his Shorts instead of keeping quiet about them but is now de-leveraging as a result of recent price action), suggests that underlying the recent incredible Stock and Options actions we've all witnessed, retail investors were actual 'set-up' from opposing Hedge Funds (CALLs versus PUTs) using the so called 'retail swarms' as a cover for their pre-meditated price action on the same Options many of us bought and so half of Wall Street actually got rich on this as a result. He's not names the funds yet and it will be hard top prove, but we may just be incidental foot soldiers in a larger (mob?) Hedge fund game . . + +In addition and as I forecast, the SEC is now looking at how it can enact new legislation to ensure that this sort of trading modus operandi can't carry on. + +Not good any of it . . Take care out there Mark +About 20 years ago I had such a terrible work experience that it completely changed my impressions of careers, people, and materialism. (I was terrorized by an extreme workplace bully, outrageous office politics and eventually a very aggressive harsh employment termination. I was treated so harshly that it put me in therapy. I had PTSD. + +At the time I was a typical American who lived on 110% of my income, getting in debt and living paycheck to paycheck. I could not afford to leave my job and miss even one paycheck-- so my bully boss had me wrapped around his finger. + +I have had many bad bosses and office politics since that awful job of 20 years ago but I don't feel quite as scared and helpless due to my investment and bank balances growing and the awfulness just encouraged me to save even more money for a quicker FIRE. I am trying to survive the corporate rat race till 2022. + +After that traumatic job 20 years ago, I faced a long job hunt and poverty. Eventually, I found a good job and I decided to never let that happen again. I scaled down my lifestyle and fixed expenses and started to live on 50% of my income. I invested my money wisely and soon had enough money to be more comfortable. Some called it a XXXyou fund. + +I wonder if I had not experienced such harsh treatment at work if I would have not have saved enough money that I can now retire early next year at age 62. + +So, did you have some type of traumatic experience at work or with your money that encouraged you to save aggressively for FIRE? Tell us your story! +This is *a lot* to read, but I was asked to compile it into one. Especially now with the DoJ talking about this, let's see what we can find shall we? + + + + +The only guy to go to jail for 2008, [was running from this](https://www.deepcapture.com/2009/01/strange-occurrences-and-a-story-about-naked-short-selling/) and turned himself in (this story includes Jim Cramer) + +> Evidence suggests that Bernard Madoff, the “prominent” Wall Street operator and former chairman of the NASDAQ stock market, had ties to the Russian Mafia, Moscow-based oligarchs, and the Genovese organized crime family. + +> And, as reported by Deep Capture and Reuters, Madoff did not just orchestrate a $50 billion Ponzi scheme. He was also the principal architect of SEC rules that made it easier for “naked” short sellers to manufacture phantom stock and destroy public companies – a factor in the near total collapse of the American financial system. + +&nbsp; + +By 2011 the FBI is saying publicly its still a problem and they're capturing regulations. + +> [They may be former members of nation-state governments, security services, or the military. These individuals know who and what to target, and how best to do it. They are capitalists and entrepreneurs. But they are also master criminals who move easily between the licit and illicit worlds. And in some cases, these organizations are as forward-leaning as Fortune 500 companies.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> This is not “The Sopranos,” with six guys sitting in a diner, shaking down a local business owner for $50 dollars a week. [These criminal enterprises are making billions of dollars from human trafficking, health care fraud, computer intrusions, and copyright infringement. They are cornering the market on natural gas, oil, and precious metals, and selling to the highest bidder.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> These crimes are not easily categorized. Nor can the damage, the dollar loss, or the ripple effects be easily calculated. It is much like a Venn diagram, where one crime intersects with another, in different jurisdictions, and with different groups. + +> How does this impact you? You may not recognize the source, but you will feel the effects. [You might pay more for a gallon of gas. You might pay more for a luxury car from overseas. You will pay more for health care, mortgages, clothes, and food.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + +> Yet we are concerned with more than just the financial impact. These groups may infiltrate our businesses. They may provide logistical support to hostile foreign powers. [They may try to manipulate those at the highest levels of government. Indeed, these so-called “iron triangles” of organized criminals, corrupt government officials, and business leaders pose a significant national security threat.](https://archives.fbi.gov/archives/news/speeches/the-evolving-organized-crime-threat) + + +&nbsp; + +Have you heard of anyone fixing it in the last decade? + +&nbsp; + +OK now [you'll see the 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/) + + +[It's more than Russia](https://reddit.com/r/Superstonk/comments/t0enup/federal_reserve_alert_federal_reserve_board/) + + +&nbsp; + +[There's more](https://www.reddit.com/r/Superstonk/comments/svl80n/were_in_2008_on_repeat_ill_show_you/) (we're in 2008 on repeat) + +[And more](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) (Ken Griffin and Bernie Madoff sure like the same strategies) + +[And... more](https://www.reddit.com/r/Superstonk/comments/qdhi14/the_trio_of_crime_citadel_goldman_sachs_and_bny/) (*a lot* of Citadel and Goldman crime) + + +[Also this](https://reddit.com/r/Superstonk/comments/s92h42/citadel_owns_77_of_the_spac_that_apex_is_going/) (Citadel was going to start turning off Apex meme buys/rejecting DRS if they went public, they own 7.7% of the SPAC) + +[And this](https://www.reddit.com/r/Superstonk/comments/se2sej/word_of_the_day_is_rehypothecation_or_how_citadel/) (rehypothecation is bananas) + + +[Also this](https://reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/) (Goldman execs sliding into BNY Mellon DMS) + +[Then this](https://reddit.com/r/Superstonk/comments/rkuxnd/elad_l_roisman_is_suddenly_leaving_the_sec/) combined [with this one](https://www.reddit.com/r/Superstonk/comments/sdc0ce/hester_peirce_voted_no_today_for_hedge_fund/) (what they are protecting) + +Then [head here](https://www.reddit.com/r/Superstonk/comments/sx93k7/pwc_the_auditor_that_needs_to_be_looked_at_psst/) + +And [one last one](https://www.reddit.com/r/Superstonk/comments/sewfuu/real_life_keyser_söze_meet_emiliano_rabinovich/) + + +&nbsp; + +Then we've got all this spoofing to deal with... + + +&nbsp; + + +Here's a [Goldman/Citadel related defunct exchange trading $GME puts](https://www.reddit.com/r/Superstonk/comments/pauf6x/found_connection_between_todays_movement_and/) + +That exchange [lit up again, spoofing](https://reddit.com/r/Superstonk/comments/qc26b2/spoofing_right_around_cs_buy_time/) + +Citadel has [a direct connection with EDGX](https://www.reddit.com/r/Superstonk/comments/ox93kt/citadels_connection_with_cboe_global_markets_and/) where that originated from. + +Citadel has been fined for spoofing before, [It's why they were kicked out of China for 5 years](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + +> Citadel’s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulator suspended a trading account operated in Shanghai by Citadel Securities in August of that year. The regulator then launched an investigation into “malicious short selling” in China’s equity futures market, closing 24 trading accounts that had allegedly “influenced securities prices or investor decisions”. + +> ***The regulator at the time expressed concerns over “spoofing”, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices.*** It also criticised algorithmic trading for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from China’s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks. + +Note: Citadel was using algorithms to spoof and to make the market super volatile. + +> Citadel’s hedge fund and separate market-making business specialise in algorithmic trading, which came under fire from regulators during a stock market rout in China in 2015. The markets regulator suspended a trading account operated in Shanghai by Citadel Securities in August of that year. The regulator then launched an investigation into “malicious short selling” in China’s equity futures market, closing 24 trading accounts that had allegedly “influenced securities prices or investor decisions”. + +> [The regulator at the time expressed concerns over “spoofing”, in which investors place a buy or sell order but withdraw it before the transaction is done in order to manipulate prices. It also criticised algorithmic trading for intensifying market swings during the rout, which eventually sliced off more than Rmb24tn from China’s total market capitalisation. Other analysts said the more likely culprit for the sell-off was an official clampdown on margin lending, where investors borrow money from brokerages to buy stocks.](https://www.ft.com/content/16cee174-3b7f-11ea-b232-000f4477fbca) + + +Here's a *different* defunct [Goldman and Citadel exchange popping up to do wash trades](https://www.reddit.com/r/Superstonk/comments/psl6cj/drctedge_exchange_owned_by_citadel_goldman_sachs/) + +It is known that [BNY Mellon turns a blind eye to this behavior](https://i.redd.it/4rsmlzn90vu71.jpg) + +&nbsp; + + + +Almost like [they have software to do it](https://i.redd.it/sxpcn1t5lf671.jpg) + + + +Here's the [link to the article](https://www.finextra.com/pressarticle/83417/symphony-names-brad-levy-as-president-and-chief-commercial-officer) + +I ended up here looking through the [head of the DTCC's business](http://www.marketswiki.com/wiki/MarkitSERV) + +The guy with him at MarkitSERV which controls basically all data trade ports, joined Symphony last year during the pandemic. + +After a career [at Goldman sachs](http://www.marketswiki.com/wiki/Brad_Levy) + +Who now works on software that's "collaboration software for automation" + +> Levy’s appointment comes at a pivotal point in the Company’s momentum as customer demand for ***secure and compliant collaboration integrated with automated workflows continues to grow.*** Levy will lead Symphony's efforts within the global financial services space, focusing on expanding the company’s commercial offering on capital market workflows and solution. + +[Here's a 2 day old video of them all spoofing together.](https://reddit.com/r/Superstonk/comments/t4k6cd/today_collaborated_spoofing_occurred_in_the_last/) + +&nbsp; + +Almost half their assets [are overnight repo.](https://www.sec.gov/Archives/edgar/data/1146184/000128417022000004/CDRG_BS_Only_FS_2021.pdf) + +They are [7 of 8 FICC members](https://i.redd.it/qcsfdlq0by471.png) (how, who the hell knows) + + + [(Which is what the FICC CCIT is)](https://www.dtcc.com/clearing-services/ficc-gov/centrally-cleared-institutional-triparty) + +To me this says they [internalize treasuries too](https://www.reddit.com/r/Superstonk/comments/q67qrl/is_citadel_really_is_trying_to_madoff_20_with/) like their website [says they can do](https://imgur.com/7vEp7KK.jpg) and the treasury [liquidity problem last year](https://imgur.com/khNqrnS.jpg) was that catching them. So they're can kicking with repo, then fulfilling FTDs with [rehypothecated shares.](https://reddit.com/r/Superstonk/comments/t6j39c/the_crimes_of_citadel_goldman_sachs_and_friends/hzbd5su) + +The FICC says [treasuries lost liquidity suddenly in February](https://imgur.com/a/P3qYrOl) and no one has explained why. (Also there was a $1.1 billion backtesting deficiency *right* before the sneeze) + +&nbsp; + +There's [181 pages of them breaking the law](https://web.archive.org/web/20211025164538/https://files.brokercheck.finra.org/firm/firm_116797.pdf) too... (Page 40-221) + + +&nbsp; + + +If you want to know who owns who. + +[The *secret* other half of Bain Capital](https://reddit.com/r/Superstonk/comments/qa1d4l/i_present_the_other_half_of_bain_capital_sankaty/) + +[BNY Mellon helps hide things](https://reddit.com/r/Superstonk/comments/rwt6vi/i_found_bny_mellons_adv_form_remember_all_those/) + + +[Jefferies owns Virtu](https://reddit.com/r/Superstonk/comments/s3y0m8/did_you_know_virtu_is_23_owned_by_jefferies/) + + +And [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) + +[Warren Buffett and Moody's](https://www.reddit.com/r/Superstonk/comments/s6hlww/moodys_is_the_one_seemingly_lagging_behind_in/) + +JPMorgan and Goldman are [prime brokers for Melvin who started the shit in January.](https://www.reddit.com/gallery/qcgfwm) + + Right [before the PCO day](https://www.wsj.com/articles/citadel-point72-to-invest-2-75-billion-into-melvin-capital-management-11611604340) + +Now go [reread this Robinhood conversation with that context](https://i.imgur.com/CFw37Im.png) + +What exactly were Goldman and Citadel doing [with this company](https://imgur.com/a/VDeKsIv) + + +&nbsp; + + +Before you think Gensler will help... he's got real explaining to do... + +> [In 2008 he (Gary Gensler) joined scores of other Goldman partners and alums in giving nearly $1 million to the Obama campaign, and he is one of a raft of Goldmanites to have joined the new administration. Now, as chair of the obscure Commodity Futures Trading Commission, he is arguably the key player in the drive to bring order and sunlight to the murky casino that is Wall Street. If the financial-reform bill in Congress passes—and it looks like it will—the CFTC will acquire vast new powers. It will oversee markets in derivatives and swaps that, on paper, are worth hundreds of trillions of dollars and that generate some $25 billion a year in profits for big companies such as Goldman Sachs.](https://web.archive.org/web/20141030005206/http://www.newsweek.com/goldman-alum-whos-trying-fix-wall-street-70599) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hello Everyone, + +I’d like to issue a formal apology. A few months ago, I signed up for a mailing list with Stockzoa for whenever Citadel files anything with the SEC. This morning I received an email from them which included the following information: + +[https:\/\/stockzoa.com\/fund\/citadel-advisors-llc\/](https://preview.redd.it/bf8so2nffji71.jpg?width=989&format=pjpg&auto=webp&s=fc0c79bccb3e4a812747017a4331d358cd358cec) + +I made the one flaw I have preached to others, don’t get excited and post things on here without double, nay, triple checking your sources. Due to comments indicating that the post was misleading, I went ahead and opened the 13F filing for Citadel on the SEC website, and indeed found my information to be inaccurate. I have since deleted the post and apologize for getting people as excited as I was. I have not seen Stockzoa put up misleading 13F information previously, so I was surprised to learn that the information was inaccurate. Let that be a lesson to me. + +This will be the one and only time I make this mistake. I appreciate everyone who quickly checked the information and called me out on it. It shows that we are better than MSM in that we are in search of the truth, and not what we want the truth to be. +If you think most people like crypto or at least are neutral and know something about it you have no idea what you talk about. Minority of people know anything about it. + +Check you tube, tik tok, instagram or other social media. But not crypto channels or sites, those are pro crypto bubble, obviously most people there will like it. Check non crypto related ones that randomly mention crypto and you will regret it forever. Knowlege of average person in the internet about crypto is terrifying. Never saw so big amount of ignorance as superstition. Most people think it is fake internet money or biggest scam in history. And those people are not only boomers but millenials or gen z too. + +Main argument is that it is a scam, but ofc no one can logically answer why, they act like medieval peasants toward "witch". No knowledge, just the same emotional repeated lies that crypto is dangerous, people lose money and my "favourite" that everyone should grow up and work in 9-5 instead of wasting money and thinking about getting rich... Obviously anyone who invest and want to be successful is wasting time for those people. It is known internet hate any advices of making money, business or self improvement, but even most people that are seeking for bussines ideas, financial freedom and investing advices hate crypto. + + +Is visiting those places necessary? I think yes. Too many people in crypto space don't understand real situation and are too optimistic. Some truth will be refreshing like bucket of ice on their head. Instead of only spending time in crypto subs or channels you will see reality. Here everything is about crypto, outside not. And even if is usually not friendly at all. I tell it not to complain, get angry or be sad. But to simply understand "the enemy" and stop being ignorant. Nothing better in politics, music or business than meating people that dislike you. To much compliments lead to delusions. Reality check make you improve and become more experienced. +Yesterday i made a post about scam coins with no real value. I expected to see common sense and critical thinking, criticism against shitcoins. +Unfortunately what I saw was universal love for shitcoins, how people see them as their winning lottery tickets. What's 20$, if it moons I will win a lot, if it gets rugpulled I lose only 20$. + +Everyone here screams adoption this adoption that, but nobody realizes that every time they support a scam coin they don't only lose money, they take a giant shit on crypto's credibility. + +You're wondering why your parents think crypto is a ponzi, while you put yet another 50$ on a rugpull doge clone. Maybe you're a part of the problem mate. + +Yes scams will happen always but when the hive mentality "its only 20/50$" still exists, crypto will never be taken seriously and adopted at large. + +Scams coins aren't gonna stop existing until the demand of them is non existant. And it's not a big amount but if 3.5mil people start using their brains and not their get overwhelmed by their "where lambo" mentality things might get a little bit better. + +Stop spending your money in shitcoins and DYOR. Don't make exploiters rich. Be the better person. + +THINK ABOUT THE LONG GAME!!! +Edit: PS, this should happen on every post.. not just the one I mentioned!! + +GameStop social media links: + +IG +https://instagram.com/gamestop?utm_medium=copy_link + +FB +https://m.facebook.com/110455108974424/ + +Twitter +https://twitter.com/gamestop?s=21 + +Twitch +https://www.twitch.tv/gamestop + +Linkedin +https://www.linkedin.com/company/gamestop + +YT +https://m.youtube.com/c/GameStopTV + +*watch full videos to positively impact the YouTube algo* + +*Sorry if formatting is off. I’m on my phone.* + +GAMESTOP WANTS YOU! + +https://i.imgur.com/5jKbnEv.jpg + +TLDR: Upvote, Heart, Comment positive shit, retweet, love, follow, subscribe, tap the fuckin bell icon, leave their videos on loop, play videos in the background on your computer, etc… with all of GameStops posts on ALL of their social media accounts. ENGAGE ENGAGE ENGAGE! + +Honestly WTF is this ❤️ and comment count. COME ON!!! You know better SUPERSTONK! + +https://i.imgur.com/1GD8h8W.jpg + +It is no doubt that the people here understand just how twisted yet valuable social media is for marketing reach. It is also very widely understood by apes that ENGAGEMENT is the main driver of this reach as by the evidence of “commenting for visibility” and “upvoting for visibility” posted on new posts here to get them out of the pit of new and in-front of the eyes of the many. I understand that many of you may already have this habit down, but what this post is trying to convey is that EVERYONE should be ENGAGING all of the StOnK’s social media posts (this is an opinion, you do you). + +Here are some articles describing some of the largest platforms algorithms and how they work. + +Facebook: + +https://blog.hootsuite.com/facebook-algorithm/ + + +Instagram: + +https://later.com/blog/how-instagram-algorithm-works/ + + +Twitter: + +https://statusbrew.com/insights/twitter-algorithm/ + +Linkedin: + +https://www.linkedin.com/pulse/understanding-linkedin-algorithm-update-2021-david-mccullough- + +It doesn’t take a wrinkle brain to understand these mechanisms. YOU can be a massive help by providing the engagement needed to put these posts in-front of people’s eyes. Businesses spend MASSIVE amounts of cash to do this. + +YOU CAN PROVIDE FREE ADVERTISING FOR YOUR STONK!!!!!!!! + +Edit: Please remember to be honest when commenting. Don’t rush them with “I love your STONK!” Make it relevant to the publics view of the company and trying to get traffic to the business. If you don’t want to comment or see the need to a like will do just fine. + +Phycology of Marketing: + +https://online.maryville.edu/blog/marketing-psychology-principle/ + +Importance of social media marketing: +https://www.digitalmarketing.org/blog/the-importance-of-social-media-marketing + + +Edit: look at that you wonderful apes!!! + +https://i.imgur.com/vV3zA2K.jpg + +Edit: 1:53 pm EST + +Keep it up!!!! +https://i.imgur.com/gdpvJaV.jpg + +Edit: 3:51 est + +Post is up 638% in likes. Amazing +https://www.cnbc.com/2020/02/06/apple-watch-outsold-the-entire-swiss-watch-industry-in-2019.html + +The Apple Watch outsold the entire Swiss watch industry in 2019, according to a report from Strategy Analytics. + +Strategy Analytics estimates that Apple shipped 30.7 million units worldwide of its smartwatch last year, compared to 21.1 million for all Swiss watch brands combined. + +To counter the onslaught from the technology players, traditional Swiss watchmakers launched their own smartwatches. +I teach social studies and this year, I was given an economics elective. Teaching this is very new to me. We are doing supply and demand and my students are VERY confused. I feel I am failing them because there is really only one way that I can explain things. I have two questions. + +Here are two examples of questions: + +1. *"In a small-town store, shoppers can choose between vanilla ice cream and chocolate ice cream. Everybody likes both equally, so they will buy what is cheapest. The price of chocolate ice cream has recently doubled, making vanilla ice cream much cheaper."* +2. *"As a result of the recession, numerous shopping malls have shut down, dramatically reducing the number of seller of clothing."* + +In the first example, demand will increase and supply will stay the same. However, my students CAN NOT understand why supply does not shift here. + +In the second, supply should decrease and demand should stay the same. Again, they cannot understand why a decrease in supply would not change demand with it. + +I believe the whole "change in supply/demand" vs "change in quantity supplied/demanded" is really tripping them up. Can someone help me explain this to them? + There is an opportunity to join a signals group of a registered trader (I've checked) and the group for signals are very low risk as the business takes 30% of profits and there is no membership fee, whatever profit is made they take 30%. + +I have never traded before however I want to learn and was just thinking is this a good way to earn a little extra money whilst I learn to trade elsewhere as I'm aware some sort of startup capital is needed initially? Would this be advisable temporarily? Was wondering thoughts on this. + +Thanks. +today i traded for the first time using moving average strat. i made few buck thought it will be more and stayed at that position for a while and got few false call just want to know how to overcome greed +Today I blew my account up - I had so many bad trades and just needed to rethink my strategy. Has anyone else started over and have advice? + +I started trading stocks about 1.5 years ago but Was def a newbie and was in a bull market thinking I could crush it, I had some success for a while but recently just got fucked 😥 + +I’m leaning towards more sector etfs moving forward or just blue chip stock +Price behaviour is totally random and noisy in the timeframes used in daytrading. On top of that, it has been confirmed that 90% or more daytraders lose money, which confirms my theory, but I am open to change my view about daytrading if any of you can give me good arguments against my current point of view. +Ayeee I love my money working for me this is why it’s so eye opening to learn financial education + +Here’s my stock portfolio + +[https://share.icloud.com/photos/02J-kok6Z0q922AIl7iCwiAOA](https://share.icloud.com/photos/02J-kok6Z0q922AIl7iCwiAOA) + +What was the best return you got in the stock market ? +Albert Einstein once said, repeating the same thing over and over again expecting a different result is the definition of insanity. + +I'm taking a break. I know I troll but I have a gambling addiction I want to share with you all. + +If I had never touched my initial ETH from ICO I would have ~$1mm right now, instead I have $15k. LOL. Painful lesson learnt, but I'm young so I know for next time. + +I've gone from $3.5k at ICO to nothing ($0K), then to $500k (margin trading and putting my whole salary into ETH when I could between sept 2015-Dec 2015) to $17k to $350k to $50k to $210k and now I'm down to $15k. I'm done gambling, I haven't checked the prices of anything for a long time. My complusion is gone, especially now that things are critical. + + +I've put the rest of my money in Digix and will hodl till boom or bust. + +The team are professional and results orientated. They don't care about getting their token on the best exchange ASAP, that's stupid and short sighted to think it's important during the early stages/ technical development. + +I've lost the majority of my life savings twice. First time was when ETH came out onto polo and I margin traded it all away in July-Aug 2015, second time recently fucking about during these bubbles. I know now (and I should've known earlier) that trading is stupid, investing is smart. + +I don't want to get my money back now, because I know where that leads. I would rather invest my $15k into something I believe in and wait until the company shows signs of major weakness/incompetancy, or major success. + +I believed in Ethereum mainly for the team, and because everyone looked genuine and a bit nerdy, also the idea obviously. I've put my money in Digix because I see the same thing in them, albeit they are perceived differently but hold the same characteristics I know to be dear. + +It's true Digix isn't purely a protocol, but when it comes to stablecoins and goods linked to the real world, the way Digix is going about connecting real world assets to Ethereum is the smartest way. Gold and metals are not going anywhere, they are needed in the real world. + +Bitcoin is great, it's a store of value yadda yadda yadda, but humans needs clothing food shelter medicine. Metals are a part of the process of getting shelter and communicating with the real world, they will always have value unless our machine overlords take over humanity and suck us into the matrix...which at the end of the day is also run by metal and electricity. + +Good luck all, I'm taking a break, and for the first time in 1.3 years, I need to get a job again. I have no career prospects, but I'm learning 'computers' and will work myself up to learning Solidity. Knowledge is power, being aware of my gambling addiction is power. + +So here it goes, from not even knowing how my computer actually works, or how a website exists, or what HTML or javascript is, I have started my journey. + +See you on the other side, remember, it's only money, fortune and misfortune land on all of us. Appreciate what you have. Appreciate your health, the people you love. Even appreciate your struggles as they always teach you something. + +My teacher was Greed. It taught me a valuable lesson early in life, and going forward I will be generous in all aspects of life. I've started by donating $1k of my $15k to various charities, because I could die tomorrow. + +I could die tomorrow or today, who knows, so live a life you believe is noble. + +It's been a pleasure trolling, but I bid thee farewell ethtrader. Whether I succeed or fail does not matter, as long as I tried. I will be a part of the Ethereum revolution whether it takes me 2 years or 20 years, I will be back (obviously under a different name), and I will be truly contributing to Ethereum in a meaningful way. + +I love you all, goodbye. +Only 7 poll options allowed. Current poll options are for the top 7 coins by trading volume according to CMC. So if you have some other preferences just press "Other crypto" and make a comment please. + +[View Poll](https://www.reddit.com/poll/9zwlsg) +EDIT 2: Thankyou so much to everyone that has replied, you've all confirmed what I was thinking and given me the confidence to say no without feeling guilty. + +Perhaps you have some advice for him?... +The problem he has is he spent an average of £416 on petrol each month last year. (£5000 over the year). +Which is why switching to an electric car for £270 per month seems to make sense. +The car in question is the cheapest one he can get (All government schemes and financial deals having been taken into account). +Also we don't know that his credit rating is bad, just that mine is likely better than his. + + + + + +They have only asked me as a potential last resort if they are unable to borrow the money themselves due to a poor credit rating. +I have a good credit rating. + +Payments will be £270ish a month for 5 years. +They can easily afford this. +I cannot unfortunately and am just making ends meet at the moment. + +I am worried about what happens in the event they are unable to make the payments due to unexpected circumstances. +I have never had a loan before so unsure how it would work. + +The investment of buying this particular car is thoroughly thought though and financially sound. I agree and understand that it's the best thing they should get. It is not a flippant purchase. +It will save a lot of money in the long run and I will benefit from this and also I will have full use of the car. +I do not have my own. + +I'm not sure what to do to help them. +I trust this person implicitly but a lot can change in 5years. + +Sorry for my ignorance in these matters, I'm very new to this. Any advice would be greatly appreciated ... + +Edit: wow thank you to everyone for replying, it really helps put things in perspective! + +I know I came off as really naive, I just really want to help this person somehow and was considering a joint loan if that was even possible but that doesn't seem any better. + +Just a couple of points for what it's worth: They are great with finances but are self-employed and the accountant has been messing them about this year. + +The £15,000 is for a £24,000 electric car as commuting in a petrol car is costing them an absolute fortune. Public transport is not an option. +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* +I have a car I bought brand new paid outright in 2010 that's just done 140,000. I know I lost a lot of value early on, but now I reckon it's been pretty economical that I hung onto it, it now has value and has cost less than £250 per month in real terms. I'm now looking for a replacement. +Are we better off buying something at 3 years old and selling at 6, or buying at a certain mileage and selling before it loses all value? Or just running something into the ground? Where is the sweet spot? +I currently have just over £4000 worth of debt but I work on an agency where I have the ability to work 6 night shifts a week if I want to. +At the moment I am working 3/4 each week but feel like I could manage the 6 for a short period of time. + +I get paid weekly every Thursday + +I worked 6 days last week as a trial run and received £934 after tax income which would mean if I did that on a monthly basis, I would receive £3,736 per month, less after additional tax. + +Would you sacrifice two months of hard graft to pay off debt as I am due to go to uni at the end of January and I would hate to go with loads of debt. + +I have had mixed opinions where some people say it’s too much but others say I should do it just for two months so I don’t have to work overtime when I start university. +I'm a federal employee and you wouldn't believe how often I encounter people who have no idea how any of our benefits work. The most common I see are: + +* People find out they (or their federal employee spouse) are pregnant and want to know how much maternity leave we get (answer: NONE) +* They think FMLA is 12 weeks of PAID leave - this is disturbingly common +* Then they want to know how they can get short-term disability after the baby is born (answer: that's not a benefit the government gives you - you would have had to enroll before now) +* They want to know how the leave bank works (many agencies have this) and are shocked when they find out they would have had to already be contributing to it in order to draw from it +* They have no idea how our retirement savings (TSP) work - have either not been contributing since they started employment, or are contributing a little but have never adjusted the allocation beyond the government bond fund that all new enrollees are in + +Most people are pretty good at researching all the ins and outs of health insurance, but beyond that they make a lot of assumptions about our benefits and never bother to dig into the details. This leaves you woefully unprepared for an event like a medical emergency or pregnancy. +Hey first time posting on here so please excuse formatting. Yesterday I went into a car dealership to look at a 2016 Subaru WRX with about 40k miles. I was offered a test drive with one of the sale members coming with. I drove it for around a total of ten minutes and maybe a few miles around the block. I am somewhat new to manual transmission which I stated before the test drive and they said that was totally okay. I drove very carefully and did not redline the car at all or stall it once. Once or twice I struggled to find my gear but that was it. Upon returning we talked numbers and I ended up buying the car and doing the 3 plus hours of paper work included. They said they were going to go fill the car up with gas and that I was good to take it. At this point all paper work was signed, and I had also put on a lifetime "bumper to bumper" warranty on there that they said would cover anything beside cosmetic damage for the life of the car. + +Anyway I wait for probably another hour before someone comes up to me and says hey there's been an issue and the clutch is stuck on your car. After some discussion they say they are loaning me a rental car for free and will have the clutch replaced soon on it. I ask them if they are covering the repair and they say yes of course we are. Well that was yesterday and today I get a call from one of the managers saying that the clutch is repaired but that I have to pay for the repair (3000$) because they claim it's my fault it broke. I told them that a ten minute harmless test drive that one of your reps was along for certainly could not have caused the clutch to go out. I told them I wouldn't be paying for it. They said they'd call me back with a solution but then never did. I feel trapped into this contract and have already put a lot of money down on the car. Am I fucked? Is there anyone to turn to for this? This was my first experience it at a car dealership and it's honestly become a nightmare. Any advice helps thank you so much. + +*RESOLVED* +Went in this morning and broke the contract and got my down payment back! Thank so much for all the responses this ended up being a huge resource and made me feel like I was in the clear to break the contract! Thanks Reddit hopefully this is all cleared up and they don't pull anything else! +I am trying rationalize paying off my mortgage with 200k instead of selling SPY covered calls. Based on the current interest rate in Canada, my mortgage payment is going to be $900( usd equivalent) less per month on a 200k reduction on principal. However, the 200k allows me to sell 6 contracts for $1200 ( $348 strike , Sept 18). Since the premium is better than the mortgage, why should I pay off the mortgage? + +Since my goal is to generate some sort of fixed income, I don't particularly care if SPY drops so what other downside am I missing? + +Edit - thank you everyone for their input! All good advices ! I will probably see how the market is for next few months, specially after the election , to see if it is too risky to put that much money in. +I know it's a really open-ended question, but I would love to hear insight from those of you now well into your careers! + +Did you attend a non-elite or elite college - or no college at all? What do you do now? What degree do you believe it has played in your professional success? + +My hypothesis: + +\-Played a critical role in traditional high finance/strategy consulting/law (with some exceptions if you have a killer GPA/LSAT) + +\-Played a moderate role in Big Tech (but not crucial to succeed) /corporate + +\-Played a smaller role in medicine (at least in medicine, undergrad prestige is a low-ranked factor in admitting applicants to med school and GPA/MCAT/ECs matter much more) + +\-Played a very small role in B&M business ownership/sales/real estate +Hi, would love to discuss about up and downs of fatFire in Europe. +I'm interested in other people stories, how did you get to fatFire and what amount of net worth this means in your country? Are you giving back to society, if yes how? Did you stop working 100% or there is still some part of time you manage a company, part time work to stay sharp etc? + + +From my side, I'm still on the way. Could go leanFIRE/ FIRE at the moment. Increasing my position on real estate in Poland plus looking to invest outside of one country (Portugal). Starting to looking for business to buy and establishing online business to scale it better (till now only offline business for last 15 years). +I'm in America and I see people over here on r/jobs and r/careeradvice and they're talking about getting jobs that pay 40k, 50k, 75k etc outside of the healthcare and tech industries. I've looked and looked until I'm blue in the face and can't find a job that pays this much to save my life. + +I have 10 years customer service experience, 8 years security experience, 3 years sales experience, 2 years security management experience, 3 years management experience in general, know Excel, PowerPoint, Microsoft Word and can type 50 WPM. I also have an Associate's in criminal justice. + +Even with all this experience it seems to be difficult to find a job that even pays a measly $15 an hour. Employers think that $15 an hour is hot shot pay and it's not. $15 an hour will barely keep your head above water so I have work my security job that barely pays a living wage and have to work constant overtime or I would need to get a second job. Is this anyone else's experience or am I going insane here? +Me and my partner are debating on making our first home purchase (~350k) in the Sarnia area. Having been priced out of the GTA, Guelph, and Kitchener. + +Our concern is we’re buying at the top of a dangerous bubble. These concerns stem from rapid price increases with record low interest rates and global economic uncertainty around the pandemic. It doesn’t seem like wages are going up at a rate that supports these drastic price increases year over year. + +We’re not sure if we should get in now while we can get a great detached house in a good neighbourhood or wait and run the risk of being priced out of another market. + +Curious to read your opinions +Some interesting stats from the economist- the median American family of retirement age has $12,000 in savings. If we narrow that population to Americans with access to retirement accounts (401k), that number increases to $100,000. One other startling statistic was that even though 70% of Americans have access to retirement accounts, just over 50% use one. Just some interesting stats I figured I would pass on. Source is http://www.economist.com/blogs/freeexchange/2017/04/cash-strapped-pensioners (sorry for formatting, I'm on mobile) +I’m a 28-year-old male one year out from my college degree and will graduate with very little debt but also pretty broke. I’m falling in love with this girl who has a $30,000 car note and a CHILD, she has no formal education other than a high school degree and is a waitress who makes at best $35,000 a year. Financial stability is very important to me as I grew up pretty poor. The baby daddy is not in the picture nor does he provide any type of child support and I feel like if I want to be financially stable diving into this relationship could put years in between me and that. it’s still early enough I could pull the ripcord, I just don’t know what to do. + +EDIT 1: Thanks for the replies so far!!! It's very helpful to get some outside perspectives. So much of this feedback shows me that its important to dive in with a solid decision no matter which direction I go! People have been successful walking away to find a more viable partner and people have been equally happy settling down. + +EDIT 2: This is my first post in this sub! Thank you so much to everyone for the support and insight. +Well, it's been about 2 weeks since the last big push to segregate all ComputerShare DRS posts somewhere they won't be seen because... "it's annoying", so I'll weigh in again with my opinions. + +Firstly, just look at the recent pushes against DRS: + +* "ComputerShare is suspect" *(no, it's not)* +* "ComputerShare won't let you sell" *(yes, it will)* +* "ComputerShare plan is weird" *(no, it's just a boring ESPP)* +* "DRS doesn't remove shares from the DTCC" *(via a youtuber who's blatantly wrong)* +* "Too many ComputerShare posts are boring" *(seriously?)* + +Notice anything? Yeah, they're all pushing against apes empowering themselves by putting their ownership of a company they love into their own name. + +As we approach closer and closer to removing the free float from the DTCC this anti-DRS sentiment has continued to grow. Please ask yourself why? What is the reasoning to stop apes from doing this? + +Here's my answer: +**Out of sight = out of mind** +**Confining DRS posts to a pinned post reduces visibility.** + +Just look at the High Score infographic that u/stopfuckingwithme posts, it has a graph of the GME new account creation at ComputerShare. + +**Do you want that beautiful ascending line to flatten into a lifeless plateau?** + +Guess where new accounts come from? + +* Apes finally getting off there arse to act +and +* New apes who have recently joined the subs + +How do we get people to move from inaction to action? +**Constant reminder and support** + +How do we get new people excited to FOMO and join the DRS trend? +**Constant reminder and support** + +The flood of these posts keeps the focus on direct registration and it is creating FOMO, which is what we need. **FOMO helps work against the fear of doing something new or difficult.** + +Every GME sub should be in full tilt DRS mode. We should be helping all the new people learn about it and figure out how to do it. Every new person who comes to the subs should immediately ask, "hey gang, what's this DRS thing I keep seeing?" + +This should be celebrated each and every time. +That's what the posts represent, celebration - not "spamming". + +We must maximize the number of shares direct registered by the end of GameStop's 4th quarter, which ends in January 31st. **Ryan Cohen is only interested in people willing to work.** It takes money to buy whiskey. + +\-------- + +Thank you u/millertime1216 for encouraging me to create this post from [a comment I made earlier this morning](https://www.reddit.com/r/Superstonk/comments/s7t5yy/please_vote_to_keep_cs_posting_as_is/htc0bmp/?context=3). +https://mobile.reuters.com/article/amp/idUSKBN25O25C + + + +> NEW YORK (Reuters) - Herbalife Nutrition Ltd will pay $123.1 million to settle criminal and civil charges it bribed Chinese officials in government agencies and media outlets to boost its business in China, the U.S. Department of Justice said on Friday. + +>The multi-level marketing company, whose products include dietary supplements, entered a three-year deferred prosecution agreement in which it admitted to conspiring to violate the books and records provision of the Foreign Corrupt Practices Act, an anti-bribery law. + +>Authorities said Herbalife schemed from 2007 to 2016 to bribe Chinese officials with cash, entertainment, meals and travel to obtain direct selling licenses, reduce government scrutiny and suppress negative coverage by state-controlled media. + +>China accounted for 19% of Herbalife’s $4.49 billion of net sales in 2016, up from 7% in 2006, regulatory filings show. + +Bill is about to be all up on CNBC yelling I told you so. +If you can't see the writing on the wall, then you deserve to be left holding the bag. Tesla is now "post golden age". + +While they had a great 10-year run as the only viable EV on the market, that is not the case for 2022. Fresh, [award-winning EVs](https://cars.usnews.com/cars-trucks/rankings/electric-vehicles) are now available from a majority of automakers. 2023 is going to see Tesla's market share absolutely eviscerated by competition that knows how to make cars better, more stylish, and faster. + +Tesla has effectively lost it's front-facing leadership. Musk is a liability, and he needs to be ousted immediately to save the company. This has been proven in [polls in both Europe](https://www.spiegel.de/international/business/der-spiegel-survey-musk-destroys-tesla-image-in-germany-a-fcc01ca2-d5fe-4c57-ac11-b48a560771f7) and the U.S. that the public no longer has faith in Musk's leadership or vision. + +My advice is to get out while you can. If Tesla is a large part of your investments, it's time to diversify. +My girlfriend and I ran into this couple that told us they are both retiring this year. We had a super genuine conversation and they seemed very nice! They said they met this “person” that have them all the tools and resources to make this happen. Before we were gonna go on about our day, they said they would love to introduce us to that “person” and put in a good word. + +my question is: is this some type of investing opportunity or some sort of scam? I’ve never met anyone IRL that’s retired young so I’m a little skeptical. I’ve only heard stories online about it lol. + + +TLDR; Couple said retiring early, said they’d introduce us to their friend that helped. Is this a scam? +To quote [this](https://www.moneycontrol.com/news/business/markets/this-underperforming-sector-produces-nine-multibaggers-in-2021-what-should-you-do-7097721.html) article, 60 percent of stocks in S&P BSE FMCG index have hit 52-week highs in June. However, the increase in the index(~7% )is still less as compared to the benchmark index(~13%). India still has a low consumption per capita compared to its peers. Covid has also quickened adoption of technology. With Covid cases declining, is this sector a right place to invest in for medium to long term? Please share your thoughts. +I often read on here it is bad to buy an apartment due to the lack of captial growth. But as a single person, is it really that bad to buy an apartment in the inner city to live in? +Edit: They made me my own flair so I'm guessing I'm onto something lmao + +So I was just poking around randomly on Google. I found some interesting information that leads me to a retarded ape-like conspiracy. + +Short end of it, I think Gamestop was in the process of closing everything down and I think the real estate division were giving Melvin inside information which is why they went so heavy on the shorts to begin with. + +Let me explain my thought process. Maybe I'm retarded but you apes help me to see if I'm crazy or autistic. + +The real estate connection begins with this PDF document: + +[https://higherlogicdownload.s3.amazonaws.com/CCIMCONNECT/8f473331-34dc-49b0-a5cc-4a6fe64f26ec/UploadedFiles/VqsY4FaMQna7C7UeT3Kb\_CCIM%20Preferred%20Partners%20Book%202019.pdf](https://higherlogicdownload.s3.amazonaws.com/CCIMCONNECT/8f473331-34dc-49b0-a5cc-4a6fe64f26ec/UploadedFiles/VqsY4FaMQna7C7UeT3Kb_CCIM%20Preferred%20Partners%20Book%202019.pdf) + +CCIM is a commercial real estate group that basically just puts people together in a room and does conferences and shit. + +The PDF starts off innocently. Just a thank you note, President's Forward and random ads. + +But then it begins to list a directory of members. On Page 46 there's a strange coincidence. + +Gamestop's real estate leasing manager, Christopher Morris is listed. + +Right underneath is Scott A. Morris of...... Citadel Partners LLC. + +I was like holy shit when I saw that and I looked into it and Citadel Partners is a real estate group in Texas, doesn't seem to be a connection to our evil Citadel overlords. Just... a really funny coincidence. Maybe someone wrinklier brained than I can find an actual connection lol + +But then I did some other digging and found a random document: + +[https://cases.primeclerk.com/ascena/Home-DownloadPDF?id1=MTYzODk5Ng==&id2=0](https://cases.primeclerk.com/ascena/Home-DownloadPDF?id1=MTYzODk5Ng==&id2=0) + +Which is a voting form for Ascena Retail Group's bankruptcy filing. + +On page 49 and 50 something jumped out at me: + +GOLDMAN SACHS & CO -- F/A/O MELVIN CAPITAL MGMT LP -- ATTN PRIME BROKER ACCOUNT + +Idk if it's well known, because I had no idea but apparently Goldman Sachs handles Melvin's accounts. + +I looked further into it and found: + +[https://aum13f.com/fund/melvin-capital-ii-ltd](https://aum13f.com/fund/melvin-capital-ii-ltd) + +**Custodian** Deutsche Bank Securities Inc, Morgan Stanley & Co LLC, JP Morgan Securities LLC, Goldman Sachs & Co LLC, National Financial Services LLC + +Melvin is in publicly bed with Goldman and JP Morgan. + +And it just so happens Jason Butler of JP Morgan Chase bank is also listed in that CCIM real estate group directory. I can't find anything about what Jason Butler does except this page which shows him as an analyst: + +[https://invest.arenapharm.com/analyst-coverage](https://invest.arenapharm.com/analyst-coverage) + +So would it be impossible to think that Christopher Morris, Gamestop's regional leasing manager, Jason Butler an analyst at JP Morgan got together at any one of the events CCIM held in 2014 ([https://www.ccim.com/networking/past-meetings-conferences/](https://www.ccim.com/networking/past-meetings-conferences/)) and had a little discussion about how Gamestop was considering bankruptcy as the digital age may be putting them in a bad position financially? + +And then at that point word got around to Melvin who's probably paying for information like this from any one of their insider analysts at Goldman or JP Morgan and decided it's a safe bet to start shorting Gamestop? + +Then all this shit hits the fan and now Gamestop is doing better than they've ever done and now have no plans to continue that route of possible bankruptcy and Ryan Cohen swooping in to save the day destroying all of Melvin's hard insider traded tendies. + +It's a cooky theory but plausible. + +&#x200B; + +Edit: Forgot to mention current position 48 @ $77 +I was cleaning up and saw a statement from a credit card company to my daughter. I got nosy and basically found out she has maxed her cards and is drowning. + +I would normally let her struggle and figure it out but one card she has maxed is one her grandmother gave her. I had no idea my daughter had access to a $7000.00 credit card. I have taken the cards and had a long difficult talk with her. Now it’s time to fix the problem. + +She has 2 cards maxed, one 7k and one 3k. What is the best way to fix this? We are calling the cards today to try and stop the bleeding as far as apr and penalties. Is the answer debt consolidation? Is it I pay for her grandmothers card and set up a plan for her to pay me and let her struggle thru the card in her name? Just looking for some advice. Thanks! + + + +Update: I have read most everyone’s comments and I appreciate all the help, advice and similar stories. We are going to work thru this and I am going to help her but not do it for her. I will stop the bleeding but I fully intend for her to pay every bit back. I will continue to read but forgive me if I can’t respond to everyone. Thank you all. +Does anyone else who had VUL in their watchlist since they were under $1 and didn’t buy just look in the mirror every morning and see disappointment... or is it just me 🥺 +I am filing my 2021 taxes and my tax guy is telling me that I OWE around $75k to the IRS. Last year I started at around $220k and scalped a few different OTC stocks. I made a decent amount from the scalping, maybe around $150k or so. And I had all my money sitting in OTC as well when I wasn't scalping them. The OTC market took off near the time of GME and my account was sitting at $900k (this was primarily from OTCs blowing up and not the scalping). Then the OTC market crashed and since I was too greedy to get out, I fell down to around $50k from $900k. So over all I started with over $200k and ended with $50k. + +Since the scalping was "wash sales", I have a wash sales amount of $6.9m and a realized gain/loss of -6.6m. My tax guy is saying I have to pay tax on the $0.3m (6.9-6.6). I am hoping he is wrong because he had to look up the rules of wash sales and what not as he was unfamiliar with them. + +Stats: + +Total Proceeds: $5.9m + +Total Cost Basis: $12.5m + +Total Wash Sales: $6.8m + +Reliazed Gain/Loss: $-6.6m + +If I hadn't given the losses, would IRS tax me on $6m dollar of wash sales? Is my tax guy doing the calculations wrong, or do I really owe the IRS tax on $300,000 even though I actually LOST $170k this year? +*Sup. This post talks about Variance Swaps. If you never heard of the concept, I employ you to look up the profiles of* u/Zinko83 *and myself, your resident apeperts on the topic. Fucking do it, because it will explain a lot. I'll start with a little refresher regardless.* + +# Variance Swap Refresher + +A variance swap is a forward contract that, on expiry, pays the realized variance minus some strike. Variance is the square of volatility. That means the payoff grows more when movements in the underlying (from close to close) are large, which means that events like January would destroy anyone short variance on the underlying. + +The perfect hedge involves buying options over the entire range of available strikes, especially to the put side. GME's entire options chain is one large Replicating Portfolio to hedge variance swaps. + +Here's Figure 3 from the Demeterfi paper as a little reminder why that strike range thing is important. + +[Source: Demeterfi et al., 1999](https://preview.redd.it/zfj7zavsoh581.png?width=633&format=png&auto=webp&s=de91b68df4e934dd7bd646c045f5b9d3227b69a8) + +This time I'm gonna skip **a** and **c**. If you don't know wtf it means, look up our old posts. Okay, let's focus on **b**. You can see that if you are lazy/cheap/arrogant/super arrogant/retarded and hedge only with a limited strike range your hedge gets fucked if the underlying moves close or past your lowest/highest strike. That's also what happened in January several times, so whoever was short variance at the time would have gotten destroyed even if they had a full hedge running (which they didn't). + +# The Options Series + +If you paid attention to what I said and also to GME's options chain, you'll notice that the range of available strikes has gotten increasingly narrow. Until yesterday, new options had strikes roughly between $100, and $360 available. That presents kind of a problem because the chances of the stonk going near the danger zone are growing. + +So what would you do if you were a hedgie and knew that with January 21st coming the end of your current, pretty perfect hedge is getting close? That's right. Prepare and run the stock down until enough new strikes are written. Then run it up to free up more strikes to the upside, so you can sleep at night for the next few months. Knowing this, I checked The Options Clearing Corporation's market data for updates in GME's options series everyday since this dip began, and finally, it received an update last night. + +Last night, strikes down to $70 until February 18th were added. As far as I know, expiries farther out involve an application process at the OCC, so more series updates may be coming even if the stock were to launch today. + +# Conclusion + +Buckle the fuck up. This ride might get a bit more bumpy before we reach the launch pad. And get fucking smart about options. + +**Acknowledgements** + +Thanks to u/Zinko83 who was my DD buddy from the start, to u/sweatysuits for joining in on the fun when our friends were telling us they didn't want to hear anymore about ~~Obi-Wan~~ variance swaps, to u/Leenixus for paying for the software Zinko uses with his own money and to u/Criand for being a good boy. + +And of course, major thanks to Kenny, ballSAC, Plotkin's grandpa's values (which apparently involve market manipulation), the Toy from Bulgaria and their buddies. Without you guys I would have never started my journey on becoming smart money. You guys are the best. Now go fuck yourselves. + +# References + +* [https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Updates](https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Updates) +* My old posts +https://blog.robinhood.com/news/2022/8/2/a-message-from-our-ceo-and-co-founder-vlad-tenev + +August 2, 2022 + +>As part of a broader company reorganization into a General Manager (GM) structure, I just announced that we are reducing our headcount by approximately 23%. While employees from all functions will be impacted, the changes are particularly concentrated in our operations, marketing, and program management functions. + +This comes after a previous 9% reduction in headcount earlier in 2022. +Indian fintech CRED launches peer-to-peer lending feature Mint + +The Bangalore-based startup said on Thursday that CRED users can now lend to one another at an interest rate of up to 9% annually. + +Kunal Shah, founder and chief executive of CRED, said the startup is rolling out this feature, dubbed CRED Mint, initially to some users after testing this internally for months. + +“We’re super excited about this because it’s the first time our community members will be able to invest in one another directly. It’s going to focus on high-quality, low-risk, but much better, inflation-beating returns you can get on your money,” he said in an interview with TechCrunch. + +[https://techcrunch.com/2021/08/19/indian-fintech-cred-launches-peer-to-peer-lending-feature-mint/](https://techcrunch.com/2021/08/19/indian-fintech-cred-launches-peer-to-peer-lending-feature-mint/) +Charity Coins have a lot of action with them right now, and for good purpose - who doesn't want to help out a good cause? But most of these coins are donating to help save pets or "The Planet Earth." That's all well and good but I've stumbled on a coin that might actually make an impact on some HUMAN lives - $JUDE. The Dev for Jude has decided to put his time and money to the cause of helping to fight Childhood Illness and Disease. + +For every transaction that takes place 2% is sent to the donation wallet and once per day he donates to St. Jude Children's Hospital. The first donation has already been made! Regardless of your religious affiliation I think most people can agree that what they do at that hospital is for the greater good. And honestly, the recipients of our chairty couldn't be a better group of people - the young future of our world. + + + +Info: + +— Name: (JUDE) + +— Token Blockchain: BSC BEP-20 + +— Address: 0xdf6b2112c9d7ec7ea9f65a23a2e8e5bec562426f + +IMPORTANT NOTE👉 + +Two percent of all transactions will be donated to a Children's Hospital. Jude just made its first donation today and you can check our Twitter for proof. + +2. Dev put $20000 of his own money to fund this project. + +3. LP Locked + +4. $200k market cap today meaning possible 10x to 1000x on your return of investment + + +— 📃Contract: https://bscscan.com/token/0xdf6b2112c9d7ec7ea9f65a23a2e8e5bec562426f + +— 🥞Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdf6b2112c9d7ec7ea9f65a23a2e8e5bec562426f + +— 📈Chart: https://poocoin.app/tokens/0xdf6b2112c9d7ec7ea9f65a23a2e8e5bec562426f + +— Website: https://judebsc.info/ + +*The more this project grows, the more we can help children in need. We will be making more donations with proof. We are here to make a difference. + +— Telegram: https://t.me/STJUDEBSC + +— Jude Twitter: https://twitter.com/bscjude +Absolutely horrible decision by the government. Basically, like during Covid, they’re expecting landlords to pay the cost of poor government policy and take the hit on inflation. 2.5% rent increase while inflation is 8% and other utilities like gas are going up 20% in Ontario, which, landlords often pay. + +Horrible decision and situation right now. People are very misguided if they think that this is a good thing. +Hello friends, I'm a complete newbie to RE. I'm renting right now and have a stable income. I'm thinking of buying a property within 12 mos which I could pay mortgage for a couple years and then put it to rent. The city is on the outskirts of a major city and will keep growing. + +Seems "easy" to get into Real estate. + +Thoughts and any concerns ? + +EDIT: THANK you to all of you for the kind answers and info. Appreciate this sub! +I live in a low income area. Where I live, it is seen as normal to drop out of high school. It is also normal to have kids young. I watched how that screwed up some of my friends’ lives and I decided that I don’t want that for myself. I want a life beyond being a high school dropout with 2 kids on welfare by age 20. I just don’t want to become another statistic. +Bed Bath & Beyond Inc's (BBBY.O) chief financial officer fell to his death from New York's Tribeca skyscraper known as the "Jenga" tower on Friday afternoon, police said, just days after the company said it was closing several stores. Gustavo Arnal, 52, joined Bed Bath & Beyond (BBBY.O) in 2020. He previously worked as CFO for cosmetics brand Avon in London and had a 20-year stint with Procter & Gamble (PG.N), according to his LinkedIn profile. On Friday at 12:30 p.m. ET (1630 GMT), police responded to a 911 call and found a 52-year-old man dead near the building who appeared to suffer injuries from a fall. Police identified the man as Gustavo Arnal. The police statement did not provide further details on the circumstances leading to Arnal's death but added that the New York City Medical Examiner's Office will now determine the cause of the fatality. + +On Aug. 16, Arnal, sold 55,013 shares in the company, Reuters' calculations showed based on SEC filings. The big-box chain - once considered a so-called "category killer" in home and bath goods - has seen its fortunes falter after an attempt to sell more of its own brand, or private-label goods. Last week, Bed Bath & Beyond said it would close 150 stores, cut jobs and overhaul its merchandising strategy in an attempt to turn around its money-losing business. + +Source: https://www.reuters.com/business/bed-bath-beyond-cfo-plunges-death-new-yorks-jenga-tower-reports-2022-09-04/ +Alright people, time's up. We've all heard of the 20 year old making 300k a year working 10 hours a week, but the meme's gone too far. From all of what we've seen, people on this subreddit seem to be pretty well off, but it would be a good idea to see how far off this subreddit actually is from the average Australian, to get some perspective. + +I've made poll below on the tax brackets based on the ATO. If you all got just a minute, please fill it in and so we can all feel miserable about how little we're making to each other. + +[https://strawpoll.com/polls/LVyKxkVk8n0](https://strawpoll.com/polls/LVyKxkVk8n0) + +EDIT: I put 'salary' in the title of the poll, but what I meant to say was 'total individual income' - like dividends, capital gain, the free lambo you got gifted by your unborn child making $1M in temp work, etc. I'll also do a followup post comparing the percentages here with the income percentiles from data released by the ATO later down the road. +I'm entertaining the idea in a HCOL city (San Diego) where buying a new home is far out of reach and an ADU may be more feasible - resulting in 2 smallish homes (~1000sqft) on 1 lot. Any concerns I should be aware of? What would you have done differently? +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) +**EDIT: Sold at $1.76** + +**Thesis:** PLS is overextended and will pull back given the right catalyst. I see several possible catalysts in the near future. + +**Background:** PLS is a Lithium mineral miner based in north west WA, currently trading at $1.72, up from a low of about 30c in Sept 2020. The latest move was up from about $1 in May 2021. The main reason for this price increase is optimism about lithium demand, and therefore the price of lithium bearing minerals such as the spodumene that PLS mines and sells. + +The last time I took a hard look at PLS was July 2020 when it was trading at 31c. My conclusion at the time was that the company was treading water waiting for the spodumene price to improve because at the time it was too close to their extraction cost, but they had the cash to wait it out and I rated them as undervalued if the spodumene price was to improve. + +I currently hold about 20k of PLS with an average buy of .85c, and I will sell on Monday. This post will present my arguments and hopefully prompt discussion. I welcome any dissenting opinions. + +**Evidence:** + +Overextension - + +Fundamental Valuation - +In its March quarterly, the company reported a unit operating cost of US$383/dmt delivered into China. Due to improvement in spod prices it expects to get on average US$535 for these cargoes. The company has a ‘target’ unit operating cost of US$320-350. In the same report the company quoted a forecast by UBS of a 30 fold increase in Lithium demand leading to a US$700 long term spod price delivered into China. + +The company has gone from a ‘holding pattern’ of 30,000tonnes/quarter shipped in Q420 to 43k, 70k and 71k shipped in each quarter this year, and expects to ship 75-90k tonnes in the June quarter. + +Let’s take an optimistic outlook and assume the company can get on average US$700/dmt while operating at US$320/dmt, for a profit of $US380/dmt. I’ll convert to AUD at this point to get to about AUD$500. I will also ignore ‘other’ kinds of costs and other product lines or the moment. While the company also produces tantalite, I must note that revenue from tantalite sales is already factored into the unit cost of producing spodumene by the company (credited against, see 2020 annual report pg51). I'll also note that capacity expansion would require capital investment. + +Our starting point would be 2022 with about 4x90k tonnes shipped or 360k tonnes. Multiply by $500 and we get $180M in profit (I think 2021 will post less than half this amount). Note that this is just a thought experiment and the company will probably not be getting $500/dmt profit in 2022, more like AU$300. Still sounds pretty good, right? + +Well, the Half Year report (Feb) puts the company at a net assets of $542M, and the company currently has a market cap of $4890M. So we can run a very rough discounted cash flow. If I start the DCF at 542M and 180M cashflow with 0% growth, the terminal value never reaches $4890M, a predictable outcome. 10% annual growth is enough, but at a 30y endpoint, not good enough for me. 15% still doesn’t get there in 10 or 15 years as I would like. No, my DCF needs 20% annual growth sustained for 15 years to get those starting values to about $5B. And, by the way in year 15 the company would be shipping more than 10 times the volume of spod per annum that they are now, assuming an average USD$700 average spod price as previously noted. + +This isn’t a particularly in-depth analysis, it is just a yardstick to get an idea of scale, and of the assumptions that would be required to reach the current market cap. It’s the same method that led me to rate the company as good value at .30c. + +Director Selling - + +Several Change of Director Interest Notices recently hit the company announcement page. These are probably EOFY related sales for ‘tax reasons’. Nevertheless, K. Brinsden sold 4 million shares on market out of his 9.5M (not including options). S. Layman, exercised 2M options at 0.87, then sold 2M shares on market. Go Sally!. N. Cernotta only sold 45k shares, but only had 276k to start with. These sales were in the 1.40 - 1.50 range. + +Earlier in June some directors acquired shares, but they came from share rights, not on-market buying. + +Catalysts - +June Quarter Report Thursday 29th +The company’s own forecasts appearing in the quarterly could prompt a harder look at valuation as per my analysis above. + +Annual Report - Previous annual reports have landed late August to early October. There will be a lot of formal analysis following the report. + +Tesla Earnings - Tesla reports earnings on Monday night Australian time. I have no idea if they will be good, bad, or neutral, but if they are bad there could be a backlash on the whole EV sector. + +Additional - + +Hype Cycles - Lithium is currently in a positive sentiment phase, that’s a good time to sell because sooner or later the sentiment will flip. + +General Bearishness - Stock markets as a whole are considered to have pushed valuations. Nobody really knows when this might come to an end, but I’m currently closing long positions across the board. + +**Counter Arguments:** + +PLS is already producing, unlike many of its theoretical competitors. If there is a price surge in spodumene in the next 5y, PLS is well placed to take advantage. + +PLS could expand production much faster than 20% p/a. I don't have the skills to make that assessment one way or the other. + +**Conclusion:** + +Could the price of PLS run higher? Maybe. + +Would it have any fundamental basis? Highly speculative. + +When PLS was trading at $0.31 it looked like an underappreciated value play. Now it looks like the valuation *depends* on an optimistic outcome, with little room for risk. + +If the price corrects to something much closer to $1.00 I will be interested again. +Hi I recently lost my job and in the process of losing my apartment but I still want to get my daughter a costume I found one she’s love on target for 25 $ a unicorn costume . I don’t have anyone I could borrow money from . Looking for some good ideas or tips to making some cash in the next few days if possible ? She’s only five and doesn’t know I lost my job yet everyday when I bring her to school I feel awful when she wishes me a good day at work . I’ve been looking for a job everywhere in the next 15miles radius from me and still nothing . I’ve been to over 20 interviews and nothing . I’ve had a rough few months and starting to lose hope . I just want her to be happy, I think she’d be so disappointed if I didn’t find a way to get her something +[https://www.sec.gov/Archives/edgar/data/315090/000089924322025723/xslF345X03/doc4.xml](https://www.sec.gov/Archives/edgar/data/315090/000089924322025723/xslF345X03/doc4.xml) +Here is an analysis I've done on some of the ridiculous valuations we're seeing in the market. Probably preaching to the choir on this sub but since I'm seeing so much froth/pumping on reddit these days I figure it can't hurt to post it here too. + +https://charioteerinvesting.com/staring-into-the-valuation-abyss/ +Price to sales and all valuation metrics are GREAT. I also like the business model because the way I see it, there will always be demand for in-person fabric shopping. The only problem I really see is their current assets and liabilities because when I look closer into the assets, it’s all inventory. I’m looking for discussion so that I can make better sense of this. +Hello everyone, I'll be going over a recent trade I made that revolves around a quantitative model. This is the kind of trading that people here mean when they say 'being a smaller trader is an edge in itself'. It is relatively low competition corner of the market, but is replicable and lends itself to empirical testing. + +**Math Foreknowledge**: I use the Merton Jump-Diffusion model to forecast option prices and if market prices under the same parameters are different, then I trade against it with the assumption that the models price is the correct price. In the jump diffusion model, the stock price follows the random process. The first two terms are familiar from the Black-Scholes model: drift rate, volatility , and random walk (Wiener process). The last term represents the jumps: x is the jump size as a multiple of stock price while y is the number of jump events that have occurred up to time n. q is assumed to follow the Poisson process, where r is the average number of jumps per unit time. The jump size may follow any distribution, but a common choice is a log-normal distribution v , where c is the standard normal distribution, x is the average jump size, and o is the volatility of jump size. The three parameters characterize the jump diffusion model. + +With that in mind, + +On April 19th at 12:30 PM, Apple's stock price traded at $166.13n Using the Merton Jump-Diffusion model, I estimated that the true value of the $170 Call was around $5.62 + +&#x200B; + +https://preview.redd.it/ruzu1e578iw81.png?width=341&format=png&auto=webp&s=ae38507f09a8f63afe96f3dc5ed10d2029c05d09 + +As pictured below, the $170 call traded at a market price of $5.35, well below the projected value of the model. So, I bought it with the anticipation that it will rise to meet this forecasted price. + +https://preview.redd.it/otwnyke48iw81.png?width=758&format=png&auto=webp&s=71d48be9de80625f41f242d8f02be5de8e6d4029 + +In line with expectations, the value of the call option increased to the forecasted value ($5.62) and I was able to book a profit. + +&#x200B; + +https://preview.redd.it/ijca9ie28iw81.png?width=752&format=png&auto=webp&s=0daa1ab79ee59f67a0c11c6d0a36b02ca7ad53b6 + +**Final thoughts**: If you're wondering why I use such a sophisticated strategy on Robinhood, its because that is all I need. Most strategies that are replicable by retail do not rely on absurd computational power. The mechanism of how the trade should work is all you need. It doesn't matter if you submit the order with a co-located server or on the toilet from your iPhone, as long as your trade mechanism is valuable. + +You also do not need this much money to trade a systematic strategy, but it helps. This generation of alpha can be found by stripping apart very public research papers on the models. There is a great paper on the model [here](http://www.columbia.edu/~sk75/MagSci02.pdf). But you really don't need to know all the intricacies of the model if you're not in math academia. I use [Options-Quant](https://options-quant.com) which is pre-made but secretly, I wouldn't know how to implement the model in code sufficiently regardless. But if you ARE programmatically inclined, you are fully able to implement any theoretical model in your language of choice. + +**TL;DR:** Used academic model to get 'true' option price, traded it, profit. +I just got a really weird call from my dealership. They need me to let them run credit check again because when they did it the first time, they apparently finalized the deal without properly obtaining approval from the car's corporate office, who is the direct lender. The corporate apparently requires credit score pulled from a different credit bureau than the one the dealership pulled. So even though I put down my big down payment and signed the finance term sheet, outlining the months, taxes, and payment on the amount financed, the dealership says it needs to retroactively run my loan application again. + +I've never heard of this. What is my recourse here? I don't think they are allowed to hard pull my credit twice. The contract says dealership has 10 days to cancel the contract. I suppose they could exercise that option and take back delivery. But do I have to let them run my credit again? Of course I would not let them bait and switch me with a different interest rate. I'd rather let them take back the car, which I doubt they want to do. But can they do this? +35M ~$7M net worth. I have a company, of which I'm currently the CEO, it profited just over $1M last year, without much change the past 3 years. It is growing again now and we're on target to hit $1.4M this year. I'd like a test run at fatFIRE without actually divesting from my business. Just curious if anyone here considers themself fatfired while still owning majority control in small/medium business. +My dad and I started a farm when I was 14 and now at 33 we got an offer that would give me 1.5mil after taxes, I also have a house that is worth about 400k. I am very tempted to just put it in index funds and live off of the 4% rule (I would use 3.5%). I don't really have any job experience outside of managing/running a farm though I do have a BBA in Economics. Am I setting myself up for pain down the road by not starting some sort of career now that I could fall back on? I am worried If my "fire" ended up being a 4 year break or something it would be impossible to find work afterwords? + +&#x200B; + +More Info + +I like working on the farm but every "normal" job I have tried I hated, which is what makes fire appealing. I would probably live in a different country where cost of living is about 1/2 the USA which is what makes 3.5% of 1.9M a more livable number. My wife is from this country and I have spent about a year there though not in one go. Currently I make about 50k a year on the farm if that information helps. +Seems 3.25% is the lowest you can get. £1500 per month on £300k mortgage for a £500k house. How can ppl afford this and energy bills going up. + +The rate was 2.5% last time I checked. +edit: it's real! [https://bedbathandbeyond.gcs-web.com/static-files/2f3c77a8-3c64-430d-85a8-cb4a3d2ff8ad](https://bedbathandbeyond.gcs-web.com/static-files/2f3c77a8-3c64-430d-85a8-cb4a3d2ff8ad) + + +[https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/ex991to13d13351002\_03072022.htm](https://www.sec.gov/Archives/edgar/data/886158/000119380522000426/ex991to13d13351002_03072022.htm) + +*Disclaimer: WSJ and GMEDD published that RC Ventures bought a large stake in Bed Bath and Beyond, but as of the time of this writing, no SEC Form 13G can be found anywhere to confirm this. This post is my attempt at debunking this news, because most of you will remember that the WSJ recently published an article about the NFT Marketplace that was used as a coverup to jack up the price of GME stock in the after hours a few weeks ago. As a result, the implied volatility also shot up and anybody that bought call options the next morning lost a lot of money on overpriced options that depreciated rapidly. I could be being paranoid, but I thought it was important enough to write about. Be careful out there. Shills are everywhere.* + +First, whenever news like this comes out, it is important to verify it by checking the SEC filings first. Absence of these forms is not necessarily proof that the news is fake, since it may take a few days for the forms to be submitted, processed, filed, and published. Currently, there is no 13G on file anywhere. + +[https://sec.report/CIK/0000886158](https://sec.report/CIK/0000886158) + +[https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings](https://bedbathandbeyond.gcs-web.com/financial-information/sec-filings) + +The only evidence we have of this is a letter allegedly written by Ryan Cohen / RC Ventures.[https://s.wsj.net/public/resources/documents/bbbletter030622.pdf](https://s.wsj.net/public/resources/documents/bbbletter030622.pdf) + +At first glance, things seem to check out, but there are subtle differences when you compare this letter to the letter that Ryan wrote to the board of GameStop.[https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf](https://www.sec.gov/Archives/edgar/data/1326380/000101359420000821/rc13da3-111620.pdf) + +Let's take it from the top: + +First, the headers are slightly different: + +[Note the absence of the use of parentheses, quotation marks, and colon](https://preview.redd.it/yiz211dw8vl81.png?width=812&format=png&auto=webp&s=dad371656ee1e341c31b90f4459b928344ab3bfc) + +[Note the use of parenthesis, quotation marks, and a colon](https://preview.redd.it/3t3xikyx8vl81.png?width=812&format=png&auto=webp&s=4566644842212eaaac06930eefdf92e72e090b31) + +In his letter to GameStop, he addresses the Board of GME first. In this letter to BBBY, not only does it come last, but the opening address and the punctuation used is different, i.e. "Dear Members of the Board," versus 'Dear Members of the Board of Directors (the "Board"):' + +The next thing I noticed was that in this new letter, emphatic text is simply underlined, whereas in the letter to GameStop, anything Ryan emphasizes is not only underlined but is in all caps, bolded, centered, AND italicized. + +[No all caps, no bold text, no centering, no italics](https://preview.redd.it/019srn8r9vl81.png?width=805&format=png&auto=webp&s=a7e81a5d8f73c57f5d596d9de3f7b65d524141a7) + +[I AM TALKING TO YOU VERY LOUDLY HERE](https://preview.redd.it/p0uiaxls9vl81.png?width=820&format=png&auto=webp&s=0d0c3a03dd262e7748de630bdb70259e81f2dab0) + +Next, this new letter contains a table with cells highlighted in red, whereas in Ryan's letter to GameStop, he did not include a table, but he highlighted text in red instead. + +[Table. That's new. Red cells.](https://preview.redd.it/lbpgye6o9vl81.png?width=799&format=png&auto=webp&s=220d3210d5c940903b220887642b80e96885018d) + +[No table. Red text instead.](https://preview.redd.it/f6z16erp9vl81.png?width=799&format=png&auto=webp&s=2dbc5e765523f40c0868c3e27ec16904b89cbc0a) + +A couple other similar discrepancies occur, but the way Ryan signs the letters has also changed. + +&#x200B; + +[New letter is signed \\"Manager\\" and ends with 3 pound signs](https://preview.redd.it/i0anq7hdavl81.png?width=818&format=png&auto=webp&s=6b2e09627ed1bb9cbdc1da036f7cd3191256820d) + +[Letter to GameStop is signed \\"Managing Member\\" and ends with 3 asterisks](https://preview.redd.it/ei4da1neavl81.png?width=817&format=png&auto=webp&s=a9bc280aa1aaba9aacc615403b240bc93ed13a93) + +So you tell me. Real? Fake? Am I just being too paranoid? + +Keep an eye out for that SEC Form 13G, y'all. Stay frosty. + +edit: It might be a 13D. My bad. Either way, I don't know if the letter is real or fake, all I'm saying is it's inconclusive until that filing either shows up or fails to show up. + +edit 2: There are a lot of people that don't believe that WSJ would dare to publish something like this to ruin their reputation. I agree, but they can also just blame their source and dodge some of the blame. Again, I don't know if the letter is real or not, especially without a 13D/G, but also consider the possibility that if you're a short hedge fund and you're already completely fucked and going bankrupt, then you will potentially make up anything to try to survive another day. + +When in doubt, remember the fraud triangle: + +https://preview.redd.it/1mothzztkwl81.png?width=1280&format=png&auto=webp&s=813e9ec5a7cd17403eae14573c9d11913b7b327d + +If the letter is real, it's still bullish. As always, keep an open mind, and watch the charts! LFG!!! + [https://www.reuters.com/markets/us/gamestop-announces-four-for-one-stock-split-2022-07-06/](https://www.reuters.com/markets/us/gamestop-announces-four-for-one-stock-split-2022-07-06/) + +July 6 (Reuters) - GameStop Corp [**(GME.N)**](https://www.reuters.com/companies/GME.N) said on Wednesday its board has approved a four-for-one stock split, sending the video game retailer's shares up more than 5% in extended trading. + +The "meme stock" company in March sought shareholder approval for the split, planning to increase its outstanding Class A common shares to 1 billion from 300 million in a bid to make it easier for retail investors to own its stock + +Personally haven’t bought a share, the entire GME community is massive +and despite GME’s attempt to advance the expansion of ‘GME hype’, I can see it dying down; the fall of Mixer has opened up a position as a competitor with twitch; NFT’s seem to be making a big mark in their expansion as NFT made specific for games can sell easily as premium merchandise: still personal too volatile to get into and overvalued although it’s a solid article and fun to follow GME and the crowd +Everywhere I go I see price increases, places state their disributor increased the prices. For example, theres a special toothpaste I use from my local dentist, it used to cost $12, now its $20. The prices of used cars have skyrocketed. The local motorcycle dealers cannot get any stock and I am unable to buy a bike, as everything is sold immedaitley. All used veichles are selling for ridiclous prices. Everything seems disrupted. There are wanted signs everywhere for labor. + +When do you suspect production of goods and services return to normal to meet demand? Do you expect a change in QE or increase in interest rates? Do you suspect the production side of the economy to rebound and meet demand (and when?) to cease the current price gouging and increased costs of goods, or do you suspect this to be the new normal? + + +[https://communities.win/c/NoNewNormal/](https://communities.win/c/NoNewNormal/) +So I (22f) since the age of 17 I have been with the same man, I was going to marry him, we have a mortgage and 2 year old daughter. It was very happy realtionship and household, I thought. + +I found out he cheated and I can't stay with him. Due to childcare, I only work a part time job, earning £800 a month (he works full time and will have our daughter Saturday and Sunday, EDIT: and half a day Friday). +Edit: he works Mon to Fri and earns about £3000 a month. This can be less or more depending on overtime. Our child isn't in nursery and the only childcare she recieves is from family members. + +We have to seperate, I have to move out but looking at renting prices and costs of livings, i feel like there are no options. Renting a two bed with bills would be 100% of my wages. I could maybe afford food for me and my daughter on the £80 monthly child benefit and £50pw child maintenance from my ex fiancé. (when using the gov calculator he would have to pay me £70 but he thinks that's unreasonable) + +But how do I run my car so I can work or afford basic essentials for myself? I also have medical prescriptions I have to pay for. +Where do I go from here? I will get a little equity from the house sale but don't want drain that on bills. +Does anyone know of any resources that may be available? Has anyone been in the same situation before and been able to find help? +I love working and don't want to resort to unemployment so I can recieve free housing for me and my daughter. + + +EDIT: Sorry everyone, i think my brain had a meltdown and I put £800 per week. I meant per month. Sorry for any confusion. +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. +I keep thinking about this idea, but I can't help but think this is too good to be true and that it isn't so easy as it seems. + +Does anyone here have any investment like this? What are the pros and cons? +***A brick-and-mortar video game retailer in the time of digital downloads will go up to unimaginable heights while the entire stock market crashes.*** + +That's MOASS. Now, for a minute, take back everything you learned from here, **everything**, and just see how stupid and absurd that statement was. + +Now re-incorporate all the information you've learned and re-realize that it's precisely the absurdity of this scenario that the bettors on the losing side made this all possible. + +Who cares about video games discs? People download games these days. Gamestop will fail soon -- short it. + +Even if there is still some demand for video game discs, there's Amazon to deliver it to them anyway. Gamestop cannot deliver at that scale -- short it. + +Gamers are a small subset of the economy. They're just a bunch of basement-dwelling nine-to-fivers earning minimum wage so they don't matter. Gamestop cannot make money off of these monkeys even if they tried -- short it. + +Gamestop only has 76M shares outsanding and is just a few dollars away from becoming a penny stock. If we keep the selling pressure even deeper, it'll go down to $0, especially because nobody will go to their stores during COVID-19 -- **naked short it**. + +&#x200B; + +Well, ok. + +&#x200B; + +Except that high quality games take too long, way too long, to download. + +Except that Gamestop is now following the Chewy model of delighting a dedicated niche. And that very model has beaten Amazon in that market. + +Except that many gamers aren't actually basement dwellers, but healthy individuals with disposable income they can use for recreation, and now they can use that money for investing in Gamestop. Even further, they will work overtime and sell their blood to buy some more. Even more again, these gamers have developed the dedication, patience, and perseverance needed to scour the internet for information to figure out tricky gaming scenarios as kids and now, these adults and young adults will use that very skill to figure out the games the suits play at Wall St. to clear this stage. + +Except that because a portion of that 76M shares are already owned by insiders and institutions, only the remaining fraction is needed to be registered in the company books. Once completed and there are still shares held in brokerages and omnibus accounts, then the supposedly basement dwellers will have pinned the suits in a checkmate scenario, irrefutably proving that more shares have actually been sold than exist, in other words, that they just said trust me, bro, then stole the investors' money. And now, they will have to buy it all back at potentially unimaginable prices until they are liquidated. + +So, if people are laughing at you now for investing in a stupid video game retailing company, just remember that you can either put up with it, or stay quiet, but it will not change the fact that the premise of MOASS is as solid as diamonds can be. + +The shorts can only say weightless arguments against Gamestop, because they know that if they address point-by-point everything that has been said about the MOASS thesis, then they are just going to open a can of worms for themselves, because none of their arguments make more sense than the best of the basement dwellers' research. + +Sure, they can call it again as one of those silly old conspiracy theories, it's easy enough to make one after all... but they almost always don't include multiple repeated calculations, internal debates, and government agency reports supporting them. +There's something that puzzles me when I look at market depth for any market: the opened buy orders at prices that will most probably never be revisited. + +I wanted to see how much those buy orders would represent individually. I took the ETHUSDT market on poloniex and (painfully) navigated to the bottom of buy orders book. I found a buy order for 102969.99 USDT, at 22 USDT per ETH : https://imgur.com/a/FkGhO + +I get that some people may count on flash crashes, especially after the one we saw on coinbase in ETHUSD market. But I suppose that if it was the reason for that buy order, that person would have put like 10 to 100 USDT. Because all those buy orders are money basically stuck (they can't use it anymore while their order is open), and it probably won't be recovered ever (unless cancelling the order). + +The other possible reason I was thinking about was that people who created those orders basically forgot about it. Again, this sound plausible for 10 or 100 USDT, but certainly not for more than 100k. + +Do you see any other reason those orders even exist? +I just refinanced my mortgage. I checked my account and to my surprise my mortgage and someone else's was withdrawn. They withdrew in excess of $4k. + +They admitted the mistake but refused to immediately return the unauthorized transaction. They said it would take 10 business days to "refund" the transaction. I told them it isnt a return as it wasnt authorized. My account is now overdrawn, and my auto payments are bouncing now. + +They acted very smug and like it was something I should just accept. It is their fault, what actions can I take? I'm sure their terms probably attempt to remove most of my abilities. + +My bank locked the transaction, but it really doesnt help. I assume their is a limitation to what my bank will cover. + +Please help. +Like a lot of millennials I'm feeling very stuck, try as I might i am struggling to find work, I live alone and my income is jobseekers allowance which is next to nothing really. Thing is though, even when I'm working between transport, bills and extra food im still left out of pocket. I've got 0 credit rating so can't borrow money, if I ever manage to scrape together money for a car I end up having to buy a piece of junk that lasts a couple months and can't afford to fix when it breaks down. + +I went back to college and got an HND but that seems to be only worth the paper its written on at most and the only job I seem to be able to get is a very physical one that doesn't pay well which doesn't help. On top of that my body is breaking down due to the work, I'm not even 30 yet and I've got constant tinnitus, my back and knees always hurt and its just not sustainable. Any money I get goes on bills, or paying back money ive had to tap off someone to get by. + +I'm at my wits end here, I've not had a decent meal in months and I'm fed up of counting together coins before going into a shop to see what I can buy. I hate this, I'm on my own and can't even date or make friend as I've got no money to meet people or do things with them. It feels like I'm priced out of having a life. + + +I don't want to be rich, I don't even want to be well off. I'm just fed up of living like this. What can i actually do to get somewhere? If you had to start again now with absolute 0 and no chance of credit what would you do? + +EDIT: thanks for all the replies theres some things I'll look into, to answer a few questions my HND is in software development and I can even seem to get an interview so I've no idea why JuSTLeArN tO CoDe is such a popular answer. By the looks of things the answer is to find a career with work your way up potential so ill be looking into that and see what i can find, I think a lot of jobs seem to see all the years working in garages and just brush over me as thats where my experience is but I just can't do it anymore. My body is fucked and the pay hasn't improved much in 13 years so there's that. + +What do I want to do? Not live in poverty anymore, I have my whole life (nearly 30 now) and I'm just sick of it, don't really care how I just don't want to be poor anymore honestly + + Thanks everyone for all the advice +We're buying a house in a month or so and everything is in order...but her score is at a plateau at the moment. + +Adding her to one of my $0 balance cards would not negatively affect it, right? +1. Sorry for my english +2. I don't want to post missinformation, so please if something is wrong in this post please tell me and I will correct. + +Last friday reading this [SEC WANTS US TO GIVE THEM ONE CHANCE](https://www.reddit.com/r/Superstonk/comments/n2e9t9/sec_wants_us_to_give_them_one_chance/). + +Full SEC speech: [SEC](https://www.sec.gov/news/speech/werewolves-of-change). + +The TLDR done by u/Firetorpedos is very nice. + +>***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. \[GET A LOAD OF THIS!\] + +The words frustration gave me something to think about. And thinking I remember that the law SR-NSCC-2021-801(If you don't remember what this law was for I let you this [post](https://www.reddit.com/r/GME/comments/mm9yci/the_801/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) that explains very easy and simple) was filled the 03/05/2021. And I remember this other [post](https://www.reddit.com/r/GME/comments/mc0zfn/too_ape_didnt_read_summary_of_srnscc2021801/), that talked about the time that have to pass for the law to be approved automatically. + +&#x200B; + +https://preview.redd.it/uznl6loiwrw61.png?width=717&format=png&auto=webp&s=909e7d5f1a06eac05ce3c065f06b07609c6f07da + +This post sais 60 days, but remember, **DO YOUR OWN DD, ANYONE CAN BE WRONG**. So i went to the law [SR-NSCC-2021-801](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf) and checked it myself. + +And i got this: + +>III. Date of Effectiveness of the Advance Notice, and Timing for Commission Action +> +>**The proposed change may be implemented if the Commission does not object to the proposed change within** **60 days of the later of (i) the date that the proposed change was filed with the Commission or (ii) the date that any additional information requested by the Commission is received.** The clearing agency shall not implement the proposed change if the Commission has any objection to the proposed change. The Commission may extend the period for review by an additional 60 days if the proposed change raises novel or complex issues, subject to the Commission providing the clearing agency with prompt written notice of the extension. A proposed change may be implemented in less than 60 days from the date the advance notice is filed, or the date further information requested by the Commission is received, if the Commission notifies the clearing agency in writing that it does not object to the proposed change and authorizes the clearing agency to implement the proposed change on an earlier date, subject to any conditions imposed by the Commission. The clearing agency shall post notice on its website of proposed changes that are implemented. The proposal shall not take effect until all regulatory actions required with respect to the proposal are completed. +> +>pg. 58 and 59. + +Oh, my ape friend was right + +**"The proposed change may be implemented if the Commission does not object to the proposed change within 60 days of the later of (i) the date that the proposed change was filed with the Commission or (ii) the date that any additional information requested by the Commission is received."** + +\--------------------------------------------------------------------------------------------------------------------------------- + +EDIT: THERE WAS A CHANGE IN THE RULE: [https://www.reddit.com/r/Superstonk/comments/n3gpde/new\_801\_with\_changes\_leaving\_it\_to\_wrinkled/](https://www.reddit.com/r/Superstonk/comments/n3gpde/new_801_with_changes_leaving_it_to_wrinkled/) + +https://preview.redd.it/6o7yv3f6fsw61.png?width=716&format=png&auto=webp&s=eb594e459e7cfddda637097d7e19c926cb4e8829 + +If my little brain understand this correctly the important law is the SR-NSCC-2021-002. + +[SR-NSCC-2021-002.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-002.pdf) + +&#x200B; + +https://preview.redd.it/5kwf62aakvw61.png?width=542&format=png&auto=webp&s=cd142466d6156b1b600e6878ff487a2b2cc671c0 + +>^(34) NSCC filed this proposed rule change as an advance notice (File No. SR-NSCC2021-801) with the Commission pursuant to Section 806(e)(1) of Title VIII of the DoddFrank Wall Street Reform and Consumer Protection Act entitled the Payment, Clearing, and Settlement Supervision Act of 2010, 12 U.S.C. 5465(e)(1), and Rule 19b-4(n)(1)(i) under the Act, 17 CFR 240.19b-4(n)(1)(i). A copy of the advance notice is available at [http://www.dtcc.com/legal/sec-rule-filings.aspx](http://www.dtcc.com/legal/sec-rule-filings.aspx). + +&#x200B; + +https://preview.redd.it/wxp7zliokvw61.png?width=589&format=png&auto=webp&s=3ff96bae6ad24db89a990d23c6f9248c6f17a71f + +SR-NSCC-2021-002 HAS CHANGES TOO. + +https://preview.redd.it/7kdukbi5lvw61.png?width=568&format=png&auto=webp&s=9d67db48a0f218c9382d4a6bfdc9068ea81be4e0 + +&#x200B; + +https://preview.redd.it/6ispavflsvw61.png?width=638&format=png&auto=webp&s=63136595a1fa01d2c349fa708412bfbccb5cbd72 + +https://preview.redd.it/ea4wfbsmsvw61.png?width=644&format=png&auto=webp&s=be0d5f1c5b8bbf581bfce04fd97f3f78d5c02659 + +[https://www.sec.gov/rules/sro/nscc.htm](https://www.sec.gov/rules/sro/nscc.htm) + +\---------------------------------------------------------------------------------------------------------------------------------- + +So my next step is the most simple go to the calendar and count 60 days after 03/05/2021. + +&#x200B; + +[Sorry It's in spanish and i can't change it. \(march, april and may\)](https://preview.redd.it/tenu6n8wyrw61.png?width=668&format=png&auto=webp&s=1b65bc61e9e8d02d09278df1d1366e8c6c3b0762) + +And 60 days after is the 05/04/2021. + +https://preview.redd.it/593is1zazrw61.png?width=770&format=png&auto=webp&s=04ec34822d401ba808c1b8792799ba47bcda5524 + +Thanks to these creators: + +[u/Swimmerchild](https://www.reddit.com/user/Swimmerchild/) + +[u/Antioch\_Orontes](https://www.reddit.com/user/Antioch_Orontes/) + +u/Firetorpedos + +# And thanks to every human, ape, cat, ant, fish or whatever you want to call yoursleves, that is holding the line. + +The end is near, remember that they are screwed up. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +\------------------------------------------------------------------------------------------------------------------------------ + +EDIT 2: I have seen a very interesting thing. + +WHO IS NIKKI POULOS??? + +&#x200B; + +https://preview.redd.it/vvuyb38hqvw61.png?width=517&format=png&auto=webp&s=5be7ee1664692944b3a0b3be48ecdd5166a5b895 + +She has a letter of 2008 supporting our Queenkong Susanne Trimbath. + +https://preview.redd.it/oisayeqmqvw61.png?width=314&format=png&auto=webp&s=e3fbb2e46f302e7bd607d4942389df3b94622520 + +[LETTER](https://www.sec.gov/comments/sr-ficc-2007-04/ficc200704-2.pdf) +I live on very low income, and I never had any savings despite living on a very tight budget. I always struggled financially. I kept on working during the pandemic so the stimulus check was like unexpected bonus money and right now it's safe in my bank account. It feels good to have something in the bank in case of an emergency but at the same time it feels too good to be true, to the point of giving me feelings both of guilt and impeding doom. Like I'm not meant to have that, I don't deserve it, and I'm cheating karma and it's going to take a revenge on me. It's not that it makes me want to spend it, not at all, it's just that it feels like something I shouldn't have. Is it just me being weird or can you relate? How do you get out of that mindset? +Hey everyone, + +I'm 26 years old and my business have taken off like crazy. + +7 months ago I was nearly broke, grinding like crazy to make some money which resulted in me making around 200k in that same period of time. + +I just made a large bulk of 90k in a 30 day period but ever since then I feel like I've lost a major piece of motivate to keep on grinding. + +It's almost like I feel like I don't have enough money and I'm worried about losing it, which makes no sense to me as I didn't feel this way when I had way less. + +But at the same time I feel like I have enough to not worry about it and no longer have to grind to keep my security. + +Does anyone else deal with stuff like this? If so, how did you deal with it. +I'm a U.S. Citizen living in Europe who has been itching to buy property in the States for several years now. I've been pretty much in analysis paralysis for months because it's so hard for me to wrap my head around how I can make a good investment while being so far away. + +I've read "Long-Distance Real Estate Investing" by David Greene (from Bigger Pockets) but it honestly just made me feel like finding a good deal and making a decent return is extremely difficult while living thousands of miles away. + +Does anyone have any success stories about investing in the U.S. while living abroad? Could you point me to some valuable resources to help me go about the process better? + +I don't plan on becoming a full-time investor. I just want to start with one property while keeping my day-job in Europe. +Hi people, happy Sunday. + +Perhaps this has been addressed on this sub; if so, please feel free to direct me to the thread. + +But I wanted to ask you where you open the short put and why. + +For a frame of reference, I wanted to throw Microsoft out there as an example: + +MSFT IV: 31.75. + +Price Friday at close: 323.01 + +1/21 $320P, first put out of the money: 44.7 delta and $13.2 premium (middle of bid/ask) + +1/21 $305P, 30.3 delta: $8.38 premium. + +Little bit of simple math here: + +the 30 delta put fetches 36.5% less premium. + + The initial distance from market: 320 is 1% away from current price, 305 is 5.57% lower than market. + +Break evens: for the $320P: $306.8. For the $305 P: $296.6. This is 3.3% lower. + +I know there are a lot of factors here: market IV, number of other underlyings... among many others. + +But where do you open (~50 delta? ~30 delts?) and why? + +Do you consider the underlyings' IV? VIX? Do you do some light t.a. before entering the position and allow that to determine? + +To me, at first blush, if you're just opening 10-20 positions, allowing no single position to represent more than 5% of short interest buying power, I would lean toward the near-the-money put and allow the law of large numbers to work. + +Talk to me... +What’s your work from home office setup? And I use “work” loosely. I’m looking to upgrade my home office for work and play and looking for some ideas! + +Standing desk is definitely on the list. +Okay, I've been typing all day and sipping coffee all night, so strap in for my crayon drawings. + +**Citadel and Point72 have owned at least 51% (controlling interest) in Melvin Capital since January 24th (through a private placement investment/unregistered offering) following Melvin receiving notice that their broker/dealer had margin called them.** Let me explain. + +[https://www.reuters.com/article/us-retail-trading-melvin/melvin-capital-ends-month-with-over-8-billion-in-assets-after-investors-added-cash-source-idUSKBN2A00KW](https://www.reuters.com/article/us-retail-trading-melvin/melvin-capital-ends-month-with-over-8-billion-in-assets-after-investors-added-cash-source-idUSKBN2A00KW) + +Not that I think anyone should read or trust Reuters (or any source for that matter, even me) but they have been an interesting source to evaluate since January. + +In the above article (posted Jan 31st) it's stated that a "-Source" (sus af trust no one haha) disclosed that Melvin Capital ended the month with over $8 Billion in assets under management (AUM). + +Traditional AUM reporting includes positions purchased with margin; so that $8 billion reported includes margin positions, **it doesn't include short positions because a short's loss isn't realized until the position is closed, on the contrary, proceeds from a short position can be used freely to purchase positions that will be shown on AUM**. There is also a term called regulatory AUM which means the $ amount value of assets managed by a fund when accounting for losses in unclosed positions and tracks margin but big surprise funds don't offer this number publicly. + +There are two possibilities as of Jan 31st: + +Reuters "Source" purposefully leaked the $8B number to suggest Melvin was worth more than $5.5B at the time of Citadel and Point 72's combined $2.75B share equity purchase. + +or + +That $8B number is the amount of capital Melvin had after gaining access to more leverage using the $2.75B. If you remove the $2.75B "infusion" from the total $8B AUM reported it's $5.25B, **exactly half of $5.25B is $2.625B. Meaning, if Melvin raised funds at a valuation $5.25B, a $2.75B investment would be able to purchase controlling interest through a private placement investment.** + +**I believe That $8B number represents Melvin Capital's AUM after a $2.75B "infusion" and any margin they were able to gain access to between Jan 24th and Jan 31st. This would develop a narrative that Melvin did not have to sell controlling interest in the company to raise capital to prevent a bankruptcy.** + +**Citadel and Point72 purchased more than half of the existing funds share equity, and even if unleveraged, that $2.75B accounted for 1/3rd of the total assets under management as of Jan 31. The links below will explain some of the nuances to private placement investments.** + +[https://finance.zacks.com/buy-stocks-privately-owned-companies-11211.html](https://finance.zacks.com/buy-stocks-privately-owned-companies-11211.html) + +[https://www.sec.gov/oiea/investor-alerts-bulletins/ib\_privateplacements.html](https://www.sec.gov/oiea/investor-alerts-bulletins/ib_privateplacements.html) + +" A securities offering exempt from registration with the SEC is sometimes referred to as a *private placement* or an *unregistered offering*." + +"[Hedge funds](http://investor.gov/news-alerts/hedge-funds) and other private funds also engage in private placements." + +**When investing through a private placement, the investor is essentially purchasing equity shares in that company. Owning more than 50% of a company's equity shares means you have controlling interest in that company.** + +"The majority shareholder's controlling interest means he or she has more voting power and can influence the company's strategic direction and operation" + +[https://www.upcounsel.com/majority-shareholder](https://www.upcounsel.com/majority-shareholder) + +Okay so, remember January? it was only a few decades ago right? + +**Between January 26th and January 28th GOOG fell from $1917 to $1830;** + +**Between January 26th and January 29th FICO fell from $511 to $450.** + +**Between January 26th and January 29th AMZN fell from $3,326 to $3,206** + +**Melvin had/has big positions in all those stocks**. **I think these drops are all the result of Melvin Capital receiving a margin call but they stayed holding positions acquired with cash.** + +When a margin call takes place, the broker/dealer often uses software/algorithms to close out the positions meaning that a computer will buy at **LITERALLY ANY PRICE WITHIN A SPECIFIED RANGE**. I believe this attempted margin call (I'll explain why I call it an attempted margin call) contributed greatly to the buying pressure and run up to $483. "Technical issues" such as partial GME shares selling for over $2k may have resulted from this attempted margin call (also maybe not, just can't explain this any other way): + +[https://www.reddit.com/r/wallstreetbets/comments/l7et6x/technical\_error\_gain\_market\_order\_filled\_for\_gme/](https://www.reddit.com/r/wallstreetbets/comments/l7et6x/technical_error_gain_market_order_filled_for_gme/) + +[https://www.reddit.com/r/wallstreetbets/comments/l7aj2e/mic\_drop/gl64fks/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf&context=3](https://www.reddit.com/r/wallstreetbets/comments/l7aj2e/mic_drop/gl64fks/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) + +Comment section: [https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30\_seconds\_from\_triggering\_market\_nuclear\_bomb/gl5vgof/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/wallstreetbets/comments/l7bpf5/30_seconds_from_triggering_market_nuclear_bomb/gl5vgof/?utm_source=share&utm_medium=web2x&context=3) + +Remember Plotkin said in the hearing that he didn't think the price action was influenced by shorts covering; I still believe he knew that covering their entire short position would send the stock much, much higher and break the financial system which we might have seen if the buy stoppage did not occur. + +As will take place when the MOASS occurs, the broker/dealer (remember we don't know where Melvin bought their shorts, it could very well be Citadel, or another completely random broker/MM) who lent to Melvin would've had to decide to bankrupt themselves to attempt to cover and realized **covering without going bankrupt was impossible.** Only way to avoid bankruptcy was to require Melvin to locate adequate funding and along came Citadel and Point72 to "pro-actively contribute" $2.75B to prevent further margin call of Melvin through private placement. + +This is likely because whenever Melvin's broker/lender realized shit was hitting the fan they may have attempted to margin call Melvin's naked short position on GME; only to realize they **literally can't cover it even with a margin call due to unavailable float since we now know available float is 26M.** (what I meant by "attempted margin call") + +If we look at the recent situation involving Archegos Capital, we can observe that the ability to acquire ridiculously risky leverage is fairly easy for bigger funds/big money (and just think Archegos was a "family office" lol). [https://www.bloomberg.com/news/articles/2021-04-01/leveraged-blowout-how-hwang-s-archegos-blindsided-global-banks](https://www.bloomberg.com/news/articles/2021-04-01/leveraged-blowout-how-hwang-s-archegos-blindsided-global-banks) + +Reading that article would suggest that Archegos could have held a total portfolio of up to $100B because **"the lenders couldn’t see that Hwang was taking parallel positions at multiple firms"**. + +It also mentions that Credit Suisse took (at a minimum) a $4B (some total estimates up to $10B total) hit after margin calling Archegos (**4x their annual income generated by their largest sector**; the real estate side), which shows why a broker/dealer may be hesitant to margin call since they can get burned really fucking bad, if say... their client is stupid overleveraged and used the loans you gave them as collateral to gain more leverage (that actually happened fucking lol). + +Looking at the most recent Fintel summary for Melvin Capital. I think they could be trying to create the illusion of growth by acquiring more margin: + +[https://fintel.io/i/melvin-capital-management-lp](https://fintel.io/i/melvin-capital-management-lp) + +First thing to observe is that they are listing a **total asset portfolio of $22B as of 12/31/2020.** [**https://fintel.io/i13fs/melvin-capital-management-lp**](https://fintel.io/i13fs/melvin-capital-management-lp) + +[**https://www.bloomberg.com/news/articles/2021-04-09/hedge-fund-melvin-capital-posts-first-quarter-decline-of-49**](https://www.bloomberg.com/news/articles/2021-04-09/hedge-fund-melvin-capital-posts-first-quarter-decline-of-49) + +**Wait, so a fund that had $22B under management on 12/31/2020 only had $8B on 01/31/2021 AFTER receiving a $2.75B "cash infusion" on the 01/24? From this it can be observed that between 12/31/2020 and 01/31/2021 Melvin lost a MINIMUM $14B and could have lost well up to $16.25B total assets if that $8B includes leveraged gained using the $2.75B from Kenny and Stevie-boy. IMO $15B loss on a $22B fund sounds like a margin call to me** + +We can also see that Melvin is still reporting positions as of 03/19/2021. So they are still in business and still purchasing stock, but we can observe that *their website is down (u/Sh0w3n pointed out this is a misunderstanding on my part, the website has had that blankish display screen well before I or other apes noticed it) and their phone line is down*. Doesn't mean they've closed their doors but I will say it reminds me of a business transition that might take place when a business is "under new management". + +[https://www.reddit.com/r/Superstonk/comments/myulmm/so\_i\_hear\_melvin\_secretly\_went\_out\_of\_business\_in/gvxaj0n/](https://www.reddit.com/r/Superstonk/comments/myulmm/so_i_hear_melvin_secretly_went_out_of_business_in/gvxaj0n/) + +But they have renewed their SEC registration this past march: [https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf](https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf) + +Looking at their SEC filings can shed some light of this, We can notice Melvin's behavior as a fund change by observing certain position changes between Q4 2020 - Q1 2021 + +If we compare Melvin Capitals SEC quarterly reports side by side; we can see that Melvin has without a doubt gained access to more capital through short selling. **A quick glance at the position differences on these reports and it doesn't even look like the same fund**: + +2020 Q4: [https://www.sec.gov/Archives/edgar/data/1628110/000090571820001111/xslForm13F\_X01/infotable.xml](https://www.sec.gov/Archives/edgar/data/1628110/000090571820001111/xslForm13F_X01/infotable.xml) + +2021 Q1: + +[https://www.sec.gov/Archives/edgar/data/1628110/000090571821000248/xslForm13F\_X01/infotable.xml](https://www.sec.gov/Archives/edgar/data/1628110/000090571821000248/xslForm13F_X01/infotable.xml) + +**Deductions I made from the QoQ report comparison,** **keep in mind the most recent FINTEL report reflects the positions value on 31/01/2020 when GME was $19.50 (when I'm writing this GME is $177.77 so Melvin is at least 8x as fuk as they were in December 2020).** + +. **Put position in GME increased by 600,000 shares from October 2020 - December 2020 but value of put position (amount outstanding) has more than doubled from $55M to $113M.** + +. **AMD position increased by 1.6M shares, from 2.1M to 3.7M** + +. **MSFT position decreased by 100k shares** + +. **COMPLETELY NEW 6.4M share put position in Mylan Pharma (Ticker:VTRS) on 12/31/2020. VTRS stock has been hammered down significantly Feb 19th(3 days after the SEC report was filed). They likely waited to report their position and then aggressively raised more capital by shorting VTRS further. This is a play we've seen from Citadel before as they have shorted stocks such as BNGO, SNDL and MVIS to create more capital for their short plays in GME and AMC(IMO).** + +. **COMPLETELY NEW 600k share put position in AMC. Citadel is also short AMC. Seeing this position materialize between Q4 2020 - Q1 2021 supports the thesis that Citadel has an influence over the strategy Melvin is undertaking.** + +**. COMPLETELY NEW 490K share position in FaceBook (Again Citadel and Point72 are long on FB)** + +. **AEO position decreased by 3 Million shares** + +. **AMZN position decreased by 84k shares (remember AMZN is a thousand dollar stock, 84k shares is a lot of capital)** + +**I also noticed certain positions were gone entirely on the Q1 SEC report** + +. **190K share position in Domino's** + +. **1.3M share position in McDonalds** + +**. 3.5M share position in Hyatt Hotels** + +**. 1.5M share position in Live Nation** + +. **700k share position in Paypal** + +I feel these changes support the thesis that **Melvin Capital has changed their investment strategy due to new majority ownership.** + +Remember the squeeze will most likely default multiple lenders, bankrupt a lot of financial institutions and may be the catalyst for a monumental financial crisis (that would have happened soon anyway I mean seriously, I can't believe people think this shit is sustainable). The Hedge Funds on the short side will do anything they can to avoid losing everything by any means necessary. + +I encourage criticism of this thesis. I encourage you to prove this thesis wrong. Go through the Quarterly SEC filings. read the source material. Comparing perspectives and scrutinizing research is the best way for accurate information to prevail (which should always be the goal). + +I will say though, the skeptic in me wonders if Citadel abused their MM privilege to facilitate short sales for other funds without locating borrows and realized they are ultimately fucked when they have to margin call those shorts. Would explain the RH buy stoppage as well, since Citadel owns RH order flow and therefore would own any naked shorts they sold to RH users as legitimate stock. This might not be the case but it's obvious that Citadel cannot afford Melvin to be margin called. That much is clear. + +**TLDR:** + +**Citadel and Point72 purchased over 51% of Melvin Capital's share equity after Melvin's broker realized they couldn't close their positions and complete margin call without risking bankruptcy. Since January, Citadel and Point72 collectively possess controlling interest in the company's direction and strategy. Melvin's most recent balance sheet on Fintel lists $22B in AUM, as of 01/31/2021 Melvin had $8B in AUM meaning that Melvin lost at minimum $15B in January. Now where else could Melvin get the type of capital support to keep this charade going (after reports of 49% Q1 losses) if not from the the other funds who stand to lose literally everything if Melvin is margin called on their short positions (be they naked or not).** + +**HEDGIES R FUK.** + +Oh yeah and I'll just leave this here: [https://www.cbre.us/properties/properties-for-lease/office/details/US-SMPL-2338/535-madison-avenue-10022?view=isLetting](https://www.cbre.us/properties/properties-for-lease/office/details/US-SMPL-2338/535-madison-avenue-10022?view=isLetting) **That's Melvin's old building.** **Two floors underneath Melvin, S3 Capital/Spruce Capital is no longer occupying their office on the 19th floor (despite still listing it on their website).** [**http://sprucecap.com/contact-us/**](http://sprucecap.com/contact-us/) + +Edit 1: updated to correct my assertion that Melvin Capital's website is down. According to fellow redditor u/Show3n it has been like that for quite some time. Thank you for the correct info 🙌🙌 + +Edit 2: Corrected erroneous maths (remember guys I can't read) + +Edit 3: Holy shit! Just woke up and saw this post is close to 5k upvotes and heaps of awards!! Thank you for reading and sharing! Definitely looking forward to my next DD 👀. + +Edit 4: Don't know how I forgot an emoji TLDR + +🦍🍌🍌🍌✍✍✍💎💎🙌🙌📈📈📈🍗🍗🍗 +HEDGIES: 🤷‍♂️🤷‍♂️🤷‍♂️ + + 🤵discovered 🔥, but 🦍's found GME. Have a wonderful day and enjoy earth while you can, cause we'll be out of the atmosphere before you know it✌ + +Edit 5: Corrected my Fintel dates as pointed out by u/TakingOffFriday I severely botched this by confusing the the reporting dates with the filing date. All positions listed above are observed between October 2020- December 2020. Thank you again for contributing! + Hi all, I'm sure this is a regular sort of 'time vs money' question though wanted to reach out to the community and get your take on my position and what you might do if you were in a similar situation. + +My current net worth is $4.65m (AUD). I work full time in self-employed business with other business partners. We have the opportunity to extend our government contract by 5 years (in the hospitality industry - cafe & catering) of which I can expect yearly income of around $150,000, so all up the contract would be worth roughly $750k profit to each business partner over 5 years. We currently have similar contract in another location where income is much higher at roughly $350k per person per year, with 18 months left on that contract. + +Operating the business with the 5 year extension would not be overly time consuming for myself, though would add stress and a time commitment to my life (e.g. I wouldn't be able to travel as much, or very rarely, which I love). Some of the added stress points would be: dealing with staffing issues, staffing insurance issues, complaints, contract management and actually finding the right staff to do the job. I would be doing most of the work (out of my partners) to set it up with the right staff and right processes, with one particularly difficult partner to work with. Importantly to note it would tie me into the contract for 5 years - it's not something that can be sold, nor would my business partners purchase my share, I'd have to give it up if I were to leave sooner. I'm in an awkward position where I'm having to do most of this work in the business though have to split the income equally among partners - it's a tricky situation too hard to explain here. So, I've started to think, 'what's the point?'. Is $750k over 5 years going to make a substantial difference to my life post retirement, or am I being ridiculous to give up such an opportunity? With my 4% SWR it means the possibility of giving up an additional $30k/year to spend in retirement in exchange for 5 years of my life now. + +I'm currently 34 so would be 39 by the time the contract finishes. My partner is 31. Our SWR more than covers our *current* living expenses of around $80k per year. Once retired, in either 18 months or 5 years with this new contract, we'd like to travel overseas regularly (business class, nice hotels etc.) and I'm unsure how much this would cost really and if we could afford it with our current NW. I've never travelled long term for more than 4-5 weeks at a time. + +This is not an industry which I can retire from and come back to years later - once you're out, you're out. It would take years of work to get anywhere near this position of earning potential again. I'm unable to sell my share of the business or the entire business itself - it's a specific type of contract not able to be sold. + +TL/DR: I'll have $5m NW in 18 months, a possible retirement date. Alternatively, I have the option to extend a business contract for 5 years which will roughly provide an additional $150k/year, or $750k total after tax, to my NW before retirement. What would you do? +Hey everyone, I'm based in Romania, and the best interest rate for a EUR deposit I can get from a Romanian bank is \~0.75%. + + +Are there any other alternatives in the EU that I could sign up to, which would give me a higher yield yet wouldn't come with a significantly higher risk? +After years of profitability, the Fed says hey we will take on your losses. + +Will the Fed buy my puts when I get ass-blasted by SPY this morning? Those are toxic assets right now right? The answer is no because it don’t matter if that makes me go bankrupt. It only matters when shitty airliners that should fail anyways go tits up. + +Press F for the US economy, it’ll never be the same after this. +A few days back [I asked if people would be interested in an app that helps practice trading](https://www.reddit.com/r/Daytrading/comments/jqas56/would_anyone_be_interested_in_an_app_that_helps/), and the response was positive. + +There were some existing app suggestions made: + +* Most of them were some form of paper-trading, which is not at all what I was looking for, because it has a very slow feedback loop (make a trade, wait for hours/days). +* Most notable was TD Ameritrade On-Demand feature, and then some smaller apps, but I wanted something that's super easy/quick to start with and use. + +**I wanted something that combines all the things that I'm looking for:** + +* **Quick start in seconds - no download, install, registration, etc.** +* **Easy to use UI/UX.** +* **Minimal bias - accomplished by picking random asset/time and hiding them.** +* **Make trades and fast forward time for a super quick feedback/learning loop.** + +[**So I created it - TradingGYM**](https://tradinggym.app/)**. It's an early version, but I wanted to get the MVP out ASAP and see if this is useful to other traders as well.** + +For now, all the assets included are Crypto, since I already had the data and that's the asset class I'm most familiar with. Let me know how much interest there is in other classes. + +The Mobile version has a more lightweight UI, but in Desktop you can change some settings like candle size and commission. + +Any suggestions are very much welcome. Super interested to see if this helps anyone improve their performance. +[Glorious Mushie Pizza courtesy of Crust. \(Thats ASX:RFG\)](https://preview.redd.it/grum1pac4n981.png?width=975&format=png&auto=webp&s=f0f2019caedc0d04bbd98496003c32a504e72e6f) + +My first and the bulk of my IHL position was purchased in 2019 at 0.022c. + +Two and a half years later, here we are at 70c. Almost 32 bags later. + +Respect to [/u/BigJimBeef](https://www.reddit.com/u/BigJimBeef/) for honouring the bet paying for this delectable mushie pizza. + +# Where to from here? + +I'm sure many here probably interested in what's next for IHL. + +It's a HC post from one of the resident info hounds TheVinnys. Please do read this if you want the deep dive on IHL and what's in the pipeline. + +[https://hotcopper.com.au/threads/ihl-incannex-holders-research.6278647/page-242?get\_post=true&direction=previous](https://hotcopper.com.au/threads/ihl-incannex-holders-research.6278647/page-242?get_post=true&direction=previous) + +But, I think the vast majority of people only want tldr. So here's mine. And yes I just word vomited all of this in 10 mins. + +tldr + +**Imminent/Short Term** \- NASDAQ Listing, Canary Capital have advised this is going ahead in January. My personal opinion, mid Jan. Questions of how much has been raised, what price, is there oversubscribed demand? My opinion? You all have no idea. Let's play. There'll always be the usual idiots who will not believe me but it is entirely your decision to believe a stranger on the Internet. + +**1H22** \- In my personal view, about as good risk/reward as you can get with this kind of company. NASDAQ Listing which in my view is likely to be extremely oversubscribed, followed up by OSA trial results which represent a major inflection point in the company's history. I am extremely confident in the success of this trial, too much to type and I cbf. + +Also likely for there to be some left field news in this period. + +**2H22** \- Fireworks. GAD Trial results likely due at this stage, enormous newsflow about 675A, 216 and their pathways and trials. Risk On. Also likely to tank if any of these trials shit the bed. + +**2023+** \- Takeover target. In my view IHL is positioning to be a very attractive T/O target by Big Pharma. CEO Joel Latham has directly talked about following in the footsteps of GW Pharma which boasts the ONLY FDA approved cannabinoid drug for sale, Epidiolex. GW Pharma was taken over by Jazz Pharma for US$8.5B from memory. One drug, three years of sales. + +IHL has six different FDA pathways, and a psychedelics arm that will be sure to be hot in the years to come. Is there risk? Always. And at this stage, you aren't buying a speccy but a genuine pharma candidate. Treat it as such. + +Personal opinion, at that point its a fairly mature company. I think it will be T/Oed eventually. Risk/Reward is vastly different now, and IHL will attract an entirely new kind of investor versus the type that it did 2-3 years ago like myself. + +gltah to the boomers xx +# MoonMoon just got listed on CMC today! [https://coinmarketcap.com/currencies/moonmoon/](https://coinmarketcap.com/currencies/moonmoon/) + +**My last thread:** [**https://www.reddit.com/r/CryptoMoonShots/comments/n13bqw/moonmooncash\_2\_cexy\_listings\_in\_just\_one\_week/**](https://www.reddit.com/r/CryptoMoonShots/comments/n13bqw/moonmooncash_2_cexy_listings_in_just_one_week/) **covers the major reasons WHY** **I think this is a real moonshot.** + +JUST 1 week following their launch, the community and MoonMoon team has accomplished the following: + +1. **Burned more than 60% of TOTAL token supply from transaction taxes & initial burn** +2. **Got listed on CoinGecko & Livecoinwatch** +3. **Listing on CoinMarketCap** +4. **2 CEX Listings: Bibox & HotBit** (hello asian market!) +5. **Been shilled by major Crypto influencers via Twitter/Tiktok** (Pentoshi, Maren Altman, Wolf of Bitcoins, Lilmoonlambo and more) +6. **Verified BSCScan Contract:** [https://bscscan.com/token/0x0e0e877894a101Ad8711AE3A0194Fa44Ca837a79](https://bscscan.com/token/0x0e0e877894a101Ad8711AE3A0194Fa44Ca837a79) +7. **Listed on Trust Wallet & Delta** (soon to be on Blockfolio) +8. **Announced** [**Moonstarter.cash**](https://moonstarter.cash/) **their IDO launchpad, where they will soon launch the first IDO** +9. Community made instructional vid on how to buy MoonMoon on PCS (warning ASMR alert): [https://www.youtube.com/watch?v=22RnK\_iEg\_Y](https://www.youtube.com/watch?v=22RnK_iEg_Y) + +If you're an OG moonie, recently bought in, or are just curious about the project, **feel free to discuss MoonMoon below and ask any questions you have** ITT :) + +These are some major achievements in just 9 days since launching. + +Currently sitting at $15M mCap and I see this reaching at least $100M in a swift amount of time... + +Last milestone to hit this Q2 is launchpad and their first IDO which will need participants holding MOONMOON tokens. This is going to be massive for them, the communtiy is POPPIN and has produced some real awesome stuff ([www.mooncurrencies.com](https://www.mooncurrencies.com) chart tracker and tons of hilarious memes) + +# Website: [www.moonmoon.cash](https://www.moonmoon.cash) +For many of you reading this you may not understand what truly happened Thursday morning. We were on the brink of a Bear Stearns moment. Basically, these funds were so leveraged that many of them were blowing up, and it threatened to take down the entire market with it. + +&nbsp; + + +TLDR; Had the "FREE MARKET" remained free this would have caused a massive systemic crash due to forced deleveraging of hedge funds. + +&nbsp; + +**Understanding Leverage:** + +Many people don't quite understand the game that goes on between these big funds and the market. These big hedge funds are leveraged up so say Melvin Capital has 12 Billion in AUM (Assets under management) they are likely leveraged up 5-10x meaning they actually own stock positions worth 60-120 Billion. If enough hedge funds blow up at once, the whole system collapses because they are forced to sell longs and deleverage. This is what happened in 2008, and these guys saw it happening again. + +&nbsp; + +**The entire market was at systemic risk.** + + +They had no out so they changed the game. The clearing firms, and Depository Trust Company suddenly changed the entire margin requirements for every "meme" stock. Basically when you buy a stock normally your broker has to give a clearing firm 2% of the collateral of the stock price, and the trade is matched with a seller/buyer and sent to a firm like DFT who then records you as the new owner of that share of stock. + +&nbsp; + + +**Changing collateral requirements suddenly** + + +Well guess what they changed the collateral requirement to 100% yes you are correct they changed it to **100%**. This FORCED many brokers to not allow buys on the stock. This is the true culprit behind whats going on. ***The Citadel*** was at risk of blowing up which means big banks like JP Morgan and Goldman Sachs were gonna take heavy losses. This would cause a massive market pullback probably between 15-20%. They COULD NOT let this happen. You think President Biden wants to watch the stock market blow up on his second week in office? + +&nbsp; + +**A coordinated attack on retail investors:** + +I have never ever seen the level of manipulation that existed on Thursday and Friday. These funds are all on the brink of collapse so they cut off access to over 95% of the people from buying, and forced sells or hit stop losses on every single open position. Interactive Brokers HAD been my broker for many years, and I had promoted them for ages. Watching their Chairman Thomas Peterffy say we will stop trading UNTIL these stocks return to a reasonable price angered me to my core. You run a broker firm YOU DO NOT DECIDE THE PRICE OF A STOCK PERIOD. This was a coordinated takedown of the young retail investor who was on the verge of a HUGE win. + +&nbsp; + + +**Where stocks would have ended the week causing a market blowup:** + +So what is the real price these meme stocks would have ended up at you ask. + +$GME 1000 + + +$BB 50 + + +$AMC 30 + + +$NOK 12 + +&nbsp; + +Disclaimer: I am not a financial advisor. Just a man who has worked in and around the industry for over a decade with a lot of experience about what goes on behind the scenes. +Not too long ago, Zhu Su claimed that 100k ETH is dust for him. Less than 6 months infact.. + +[Zhu Su: 100k eth is dust fwiw](https://preview.redd.it/1etplanmg6691.jpg?width=1326&format=pjpg&auto=webp&s=b028e7708e9ea0a595e14ba29ff336b60043798a) + +Today, he is sending all the left over balance from his wallets to CEX so that he can get as much money as possible. He just transferred 10 USDC, 3.98 AAVE ($200), 138 SUSHI, 0.1 YFI, 2.5 COMP ($75) and other actual "dust" to various centralised exchanges. + +[His size is no longer size.](https://preview.redd.it/y3s8tqe5h6691.jpg?width=1280&format=pjpg&auto=webp&s=2542551a5dedbadce3e75bfbc250aacefed50967) + +How a 20 BN fund imploded in a matter of days is a lesson for everyone who thinks they are too big to fail. Arrogance has no place in markets, often those with an arrogant streak are quickly shown their place by the markets. + +There are many more such people in crypto who thought they are too big and nothing could happen to them. Their behaviours smack of arrogance and disrespect for others. All it takes is one mistake where their ego takes over, and results in blowing up of all their wealth. +&#x200B; + +Sauce: [https://public-inspection.federalregister.gov/2021-20967.pdf](https://public-inspection.federalregister.gov/2021-20967.pdf) + +The Commissioners of the Sec and their Attorney (Counsel to the COmmissioners) met yesterday to discuss injunctive actions (An injunction is a type of restraining order where you legally stop someone from doing something), administrative proceedings (disciplinary actions), resolution of litigation claims, and other matters relating to examinations and enforcement proceedings. + +&#x200B; + +https://preview.redd.it/cl92d056top71.png?width=1506&format=png&auto=webp&s=75b17809286e4622ecb0055f81fe096a63b2c10b + +https://preview.redd.it/9pta0lm2top71.png?width=1808&format=png&auto=webp&s=1e0733b4b7c11a9cd21029c06e5a74f04f56bfdb + +I can't speculate as to what exactly they discussed. I can say I find it interesting that there was a super-top-level-only-closed-door meeting that appears to be a strategy session on how to resolve certain issues - and then a few hours later the press gets leaked information from a certain broker and starts a new cycle with a new focus. + +That would fit really well with another Ape's theory that RH is being set up to take the fall. +I am in the US and have been toying with the idea of FIRE for a bit. I’m wondering, what do people plan to do about health insurance post-Retirement that is possibly 15 years prior to Medicare? Looking at ACA or even retirement plan subsidized health insurance, it’s both expensive ($20k+) and incomplete (ranging from 80-90% covered for surgical procedures). + +Is my research just lacking or is this gap a somewhat substantial challenge? I mean, I could eat the cost, but I hesitate at a gap of 10% given my wife had a cancer scare just a few months ago. +Early 40s, wife, kids, NW around $20m. + +We stretched and bought a 7000sqft fixer upper dream home for $4m cash. Great location, great lot/land, but it's an older house that needs a lot of work. Our plan was to replace HVAC, roof, flooring, windows, kitchen, bathrooms, reconfigure bedrooms, landscaping, etc. We optimistically estimated six months of work, budget of $500k-$1m, and then we'd move in and live forever in our dream home. + +As we interviewed architects, the consensus was that we should tear down and do new construction. They said our six month $1m estimate was not realistic, and suggested a full gut renovation would take 18 months and cost around $2.6m ($375/sqft). Compared with new construction that would take 24 months and cost $3.2m ($450/sqft). The argument was that for a bit more upfront, you end up with a vastly better final product. + +There is major construction happening everywhere we look, houses a few doors down are being gutted or torn down, $5-10m properties selling regularly, the neighborhood is booming! After talking with real estate agents and looking at comps, new construction is selling for $1000-1500/sqft and our property would most likely be on the higher end of this range. Assuming everything goes perfectly and we were able to complete new construction for $4m all-in, we'd be at $8m total cost for a property worth $10m. + +Construction Concerns: + +* we've never done a major construction project before +* time and cost will likely exceed estimates (probably $500-600/sqft not $450) +* it will be years of stress +* housing market can crash + +Financial Concerns: + +* living in a $10m house seems extremely excessive given $20m NW +* do we finance the $4m new construction and take on debt or do we sell investments and have 40% of NW in this house? +* where do we live for the next 3 years during construction (rent a house for $100k/year? buy a $1.5m starter home in the area?) + +Options: + +* sell as-is - we put it back on the market and sell it and buy something more reasonable that is move-in ready +* minimal renovations - do the absolute minimal amount of work to move in and then live in a house that we don't like +* spec house - new construction then sell it when it's done +* dream house - new construction then move in and live there forever + +What should we do? +* The community got burned by The DAO and will be much more cautious in the future. +* Ethereum will continue to be the platform with the most developer interest. +* Solidity will improve. +* Best practices will emerge. +* Small-money apps will flourish. Big-money apps will flourish later. +* The fork will happen, and the ETH community will truly realize it's a one-time mulligan. +* The fork will be over in a matter of minutes. +* The average person will be pleased that the DAO thief didn't get away with it. +* This whole episode will serve as an ongoing lesson, but not as an ongoing scandal. +* The Ethereum community will continue to be the source of the most innovation in crypto. +* The bad publicity received during the last month is just publicity. +* As attention grows, so will trolling. +* THAT WHICH DIDN'T KILL ETH WILL MAKE IT STRONGER. + +Ok, girls, I have an explanation why short interest is reported to have fallen when in fact it has not. Its not data faking, its hedge funds hedging their shorts with calls and puts. Let me explain. + +Gary Black is a guy to follow. Not always follow his advice or take everything for granted, but he gives a good insight into how hedge funds think: https://mobile.twitter.com/garyblack00/status/1356253412103512065 + +Gary has the opinion, that short sellers have hedged their short position by buying ATM calls and selling ATM puts that match the share count of its short. Ok, so lets run through this scenario: + +1. Before expiration, the fund doesnt do anything, he has to pay the daily fee of the short interest on his shares and he loses value on his call as well as gains value on his put (because he sold it). This can draw out the short squeeze by month! +2. At expiration, if the share price is above purchase price, he can exercise the call, return the shares and the put expires worthless so he keeps the premium. +3. If the share price goes down, the call expires worthless but he buys shares with the put and returns these shares to close his short position. + +In scenario 1, the short interest stays the same as nothing happens. But I can totally see the statistics to **reduce the reported short position because it is fully hedged!** In scenario 2, the call seller has to find the shares on the market. In scenario 3 its the same, but this time the put buyer has to find the shares. + +**IN ALL 3 SCENARIOS, THE SHORT INTEREST STAYS THE SAME BUT THE REPORTED SHORT INTEREST GOES DOWN BECAUSE ITS SHOVED UNDER THE RUG OF THE OPTIONS TRADERS.** + +Which means, the statistics might be correct, but the true short interest is still the same as before! **THE SHORTS ARE NOT OFF THE HOOK!** + +No investment advice you monkeys! We have the shorts by the balls until they turn blue and fall off! + +Position: $GME at $19 and HOLDING! +FINAL EDIT: it's back to 1 ADA 😄 + +Withdrawing ADA on Binance, until 2 days ago, would "only" cost 1 ADA. + +They increased it to 3 ADA yesterday, and some time between yesterday and today they increased it further to 5 ADA. + +That's a 400% increase in less than 48h. For comparison, transaction fees on Cardano are only 0.17 ADA. + +And yet, after a user from r/cardano enquired about this issue, Binance claimed that the 5 ADA fee "depends on the blockchain and miners" (Miners on Cardano? Am I missing something?). + +Proof: https://ibb.co/5k0MMpq + +EDIT: proof of higher fees https://ibb.co/b6X5zh3 + +This is disgusting. + +They're promoting their BNB coin boasting about their low fees, making other coins like ADA look like much less appealing alternatives. + +For the sake of the free market, and to prevent Binance to pull off any more shady stuff á la Robinhood, please consider complaining to Binance about this. + +Not cool Binance. Not cool. + +EDIT: at the time of writing, the fee is down to 2 ADA (I'm based in UK if it matters). They keep changing it, fuck knows why +If you order for drive up and go (pick up) on safeway.com and add $75 of items to your cart and add the promo code SAVE30 (this code is only good for your first order.) +It will take that $30 off of the non-ebt items first so if that is less than $30 after tax, you'll only need to enter your ebt card number to pay. +I hope this can be of help to someone out there! I'm in California btw if that matters. +Buying and selling underlying securities creates the market for IPOs and for compensating insiders. Does selling derivatives add economic value in a similar way, or is it more of a zero-sum game? Commodities derivatives allow companies to hedge prices for predictable margins which is valuable, but does the same need exist to hedge individual securities? +# I'm the captain now. + +If you've been even just a little bit active on Superstonk over the last couple weeks, you will have seen all the talk of RC's Jolly Roger tweets and the tinfoil apes like myself who suspected the Jolly Roger in RC's tweets was a final warning to the shorts. + +I think whoever came up with this idea is right on the money and I'm going to explain in the best tin-foily way possible, what comes next. + +&#x200B; + +https://preview.redd.it/h6os9fsyvcq81.png?width=542&format=png&auto=webp&s=8d1ac01599b45abbe175ac047f82ef4dce9caafc + +So just to touch ~~the tip 🍆~~ up on the subject of the Jolly Roger, here's a quick breakdown of what's been happening and the tinfoil theories behind it: + +RC has tweeted with the Jolly Roger emoji (☠) a few times now: + +First - + +https://preview.redd.it/g05s1by8xcq81.png?width=369&format=png&auto=webp&s=584806106577013d8da9b2e9cd000d0c532f382b + +And this past Sunday - + +https://preview.redd.it/pnzmkl4hxcq81.png?width=377&format=png&auto=webp&s=91f1e552d24859386617452cc1a24402c2ed4f80 + +It's not only RC tweeting the Jolly Roger either: + +[ u\/TheHonorableBahman caught this one on Loopring's Twitter.](https://preview.redd.it/4bimaohoxcq81.png?width=828&format=png&auto=webp&s=b72a1c413762f94b91559131679cdb62c635739a) + +&#x200B; + +I love skulls, I find them fascinating and a trigger of introspection into existential questions, so as the dumb ape I am, I didn't think anything of the Jolly Roger in RC's tweets. That is until u/ducksflytogether_ called out the meaning behind the flag in pirating. + +&#x200B; + +https://preview.redd.it/i3m47oujycq81.png?width=960&format=png&auto=webp&s=1d1695633aff5a6f1eb1dd863a143f7b158c5d14 + +This comment got my titties jacked or in more piratey terms, "it got me booty rustlin'." + +RC was flying the warning flag. Shorts had the chance to surrender.On Sunday RC fired a final warning shot with the Jolly Roger flag still flying - + +https://preview.redd.it/jelu1qlc5dq81.png?width=39&format=png&auto=webp&s=8223436bcde011c19c5aeeb416a8bb6abb104aa4 + +This IMO was the final chance. Monday looked like the shorts were going to surrender and let us run. The energy here was great and everyone was stoked that "MOASS IS TOMORROW!" (as always of course). + +Today however, was a different story: + +&#x200B; + +[Top post on Hot right now by u\/Careless\_Employ5866 ](https://preview.redd.it/gistuglh6dq81.png?width=640&format=png&auto=webp&s=01e69dcf3d955d28b2016c898d5c5a565f446304) + +&#x200B; + +[This post about the spread by u\/decpz](https://preview.redd.it/uy5kf3br6dq81.png?width=640&format=png&auto=webp&s=a40aa51b6e06cfee1805329c4ab5e1af2359e854) + +and of course, what everyone witenessed on their charts this morning... + +[The secret ingredient is crime.](https://preview.redd.it/eug0vfbl7dq81.png?width=450&format=png&auto=webp&s=070bb69073883ef2ab4a48aabb4a36c2be532805) + +Clearly the shorts are not taking heed of RC's warning shot and Jolly Roger flags, and clearly the powers that be are not going to stop the fuckery. They won't call marge (check the SEC report), they won't stop the naked shorting (check out the naked short trading before halt today [https://www.reddit.com/r/Superstonk/comments/tr037a/naked\_shorting\_much\_trades\_before\_halt/](https://www.reddit.com/r/Superstonk/comments/tr037a/naked_shorting_much_trades_before_halt/) by u/dilkmud0002 ... where you at GG? DOJ?), they won't stop the clear and blatant crime. + +So here's what happens when an enemy did not surrender to a pirates warning (according to Wikipedia's page on "Jolly Roger": + +>It is claimed (without contemporary references) that if a ship then decided to resist, the Jolly Roger was taken down and a red flag (in the 20th Century sometimes called the "Bloody Red"[\[40\]](https://en.wikipedia.org/wiki/Jolly_Roger#cite_note-40)) was flown, indicating that the pirates intended to take the ship by force and without mercy. This claim comes from only one source, in the mid-18th century [Sir Richard Hawkins](https://en.wikipedia.org/wiki/Richard_Hawkins) suggested that pirates [gave quarter](https://en.wikipedia.org/wiki/Safe_conduct) beneath the black flag, while no quarter was given beneath the red flag. + +I am going to ~~go out on a limb~~ walk the plank and suggest the next RC tweet will have the Bloody Red 🚩 + +&#x200B; + +https://preview.redd.it/0xdb44b7cdq81.png?width=259&format=png&auto=webp&s=70baab7a27e3da077fef21fa02e8b7fca33a3c7e + +Time's up for the shorts.GameStop is about to stop the game. + +I've written previously about my speculation of a spin-off company, and it seems more and more plausible all the time- especially with the latest trademark filings.I should update this, but for now, take a look at what I think GameStop's attack will be: [https://www.reddit.com/r/Superstonk/comments/sua3fk/gmerica\_a\_spinoff\_company\_of\_gamestop\_and\_the/](https://www.reddit.com/r/Superstonk/comments/sua3fk/gmerica_a_spinoff_company_of_gamestop_and_the/) + +https://preview.redd.it/gx9pqtyn9dq81.png?width=591&format=png&auto=webp&s=93731b0fa4927f3a8d20f7e478e83174ddc844e1 + +&#x200B; + +GameStop has now seen that the shorts are not going to surrender and I know that they have a plan for just this situation. We may not see the attack today, but RC has given warning and it will cum now, and when it does we are going to be a bunch of filthy rich, pirate apes on the moon. + +&#x200B; + +[Art In Ryan Kagy's Metapartment.](https://preview.redd.it/v6suss9mndq81.png?width=783&format=png&auto=webp&s=63387919599015b009b7656f1823d01bcb35e45d) + +We are all pissed about the crime this morning, as we should be. Our anger is completely justified and don't let anyone tell you it's not. Just remember, how and where to direct your anger. We are the pirates led by captain Ryan on our way to r@pe, loot and pillage the shorts for everything they are worth. + +We are almost there and WAGMI! + +And as always... + +https://preview.redd.it/uqj114csbdq81.png?width=800&format=png&auto=webp&s=a1ba175bf7c1b79d03d7d230301539345a870a24 + +Edit: added - "and clearly the powers that be are not going to stop the fuckery. They won't call marge (check the SEC report), they won't stop the naked shorting (check out the naked short trading before halt today, where you at GG? DOJ?), they won't stop the clear and blatant crime." + +Edit 2: added link by u/dilkmud0002 + +Edit 3: u/-donttouchthat- recalled the NFT on Ryan Kagy's metaverse wall of the pirate apes on the moon. I replaced an image with that because it's way better! + +sorry🍁for the multiple edits, adhd is a bitch. +*Introduction* + +I'm 20 years old and my interest for the stock market began at age 16 which later grew into becoming my lovely addiction and before graduating high school i already had a detailed plan on how i would become financial independent and self employed as quick as possible, the first milestone to reach before continuing my dreams are to reach an entire net worth of $100 000 dollars. + +In the beginning of setting the $100 000 dollar goal i started with $13 953 dollars and today 1,5 years later i have a total net worth of $66 544 dollars which basically means i only have 33,45% left of the goal to complete within 18 months which is entirely possible. It felt so much harder in the beginning but hard work pays off. While creating the plan i expected to have $52 730 dollars this month of the year but from making better decisions, working hard and presumably a little touch of luck i'm 5 months ahead. + +I maximized the overtime-limit at my workplace last year which is roughly 200 hours per year, i managed to reach 212h, sadly the overtime is cancelled due to covid-19 but currently i have 24h 36m in overtime. I've driven taxi *(illegally which i stopped doing)*, been cutting lawns an lending out money in order to speed up the process of my journey. + +I've cut almost all unnecessary expenses, i don't travel, i rarely drink alcohol, still driving around in my $1 000 dollar car watching others laugh at me but don't get me wrong, i enjoy traveling and eventfully i'm going to buy myself a new car, i don't want to create wealth just to stare at it. This is something i been planning for a very long time and that i'm fully committed to. It's psychologically frustrating but in the end it's definitely going to be worth it. + +*Portfolio distribution* + +* *Stocks: 35,79% ($23 816)* +* *Funds: 8,27% ($5 503)* +* *Ready assets:* 55,93% ($37 218) +* *Stocks:* ATVI, AAPL, **AZN**, BAC, **CAST**, DAL, MSFT, **HUFV A**, **KIND SDB**, NFLX, NVDA, **SWED A**, UBER +* *Funds:* **Avanza Auto 6, Avanza USA, Spiltan Aktiefond Investmentbolag** + +note: *The Tickers with bold fonts are swedish stocks/funds which may not be available in your country.* + +I sold a majority of my shares in the beginning of 2020 expecting a recession or correction but instead we got covid-19 which was extremely unpredictable so i was really lucky that i already had a pretty high amount in liquidity. So far i've been taking advantage of the pandemic by investing in stocks that i hopefully believe will recover. I also did some Q1 report trading which made me about $3 000 dollars profit, i traded CAST, GOOG, TWTR and I'm constantly looking for opportunities. + +I'm expected to be fully invested within 1 year and i'm not stressed by having 55,93% liquidity since the inflation is 0. The *"fear of missing out"* is also nothing that's bothering me, everything can happen, especially now. + +*Income, expenses & conditions* + +My monthly income varies depending on how much i work but i averaged $3 008 dollars after taxes during 2019, i invest everything except $500 dollars and the reason how i can invest 83,37% of my monthly income is because i still live at home. The only reason why i still live at home is so i can take advantage of the opportunity to invest and build myself a foundation. + +*The Missing piece* + +What i'm missing is friends and connections with this interest in common, i rarely have anyone to talk with when it comes to investments and such so i really hope that i can reach out to some of you. If you're interested just send me a message, thanks for reading and if you have any questions i'll be happy to answer. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Freetrade is a brokerage platform in the UK that charges $0 brokerage on trades, has an FX rate of 0.35% (much lower than most) and will offer fractional shares. Its launching in Australia soon and was wondering if it seems to good to be true. (It has also won the british bank awards 'best online trading platform' 3 years in a row, dont know if this is a legit award or not.) + +[https://freetrade.io/au](https://freetrade.io/au) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +I believe what we have witnessed since the $344.66 peak on June 8th has been an effort to purposely lose. The SHFs tested the diamond hands on that $344 runup and knew they could not win. There was minimal selling against a mountain of shares that needed to be covered. The SHFs then embarked on the 'ol too-big-to-fail mission to tank the price while they literally unwinded every other "media named meme" stock with a large short position. + +The goal was never to win with this strategy. It was to create a truly unwinnable position in GME that will require government intervention. It's likely hedged against a giant market collapse as well. It would not shock me if the DTCC themselves are pulling the strings here. + +Here are the factors that have me thinking like this: + +* All of the rule changes to protect themselves from SHFs defaulting. +* All of those netting accounts by the banks. +* Banks issuing lots of bonds for extra cash readying for the firesale and/or SHFs defaulting. +* The Reverse Repo record highs looking like collateral to hold some pieces from falling too soon. +* Weird tickers pumping and dumping almost all seem connected to the SHFs +* No aggressive buying of GME from hedge funds. It's not just apes that have seen the DD in this sub. These hedge funds/whales appeared to be active in Feb-May, but now are not interested in adding shares as the price has tanked? Are they being ordered to stand down while this shit show unwinds? Is this why so much of the price action is being routed to the dark pools? (ie hedge fund purchases are being denied) +* Market bleed days where 95% of the market is red. Is this the tax that is being accrued to handle the "settlement" of GME? +* Markets themselves are at all-time highs, but more and more articles are suggesting bubbles and correction coming. As banks report the next few days, is this the catalyst to tank everything for some extra dollars to attempt to resolve GME? + +and the biggest confirmation bias I see right now is every "media named meme" stock (except GME) has been allowed to run (massive volume and price ascension) in June. Consider: + +Old phone / 5G now stock - Massive volume today and also June 2nd and June 3rd + +Old phone/autos now stock - June 2nd to June 9th massive volume. + +Movie Stock - May 26th to June 23rd massive volume. Price rise from $12.08 on May 21st to a peak of $72.62 on June 2nd. + +Household brick store stock - June 2nd, June 3rd, and June 29th massive volume. + +IMO, the bad guys bought themselves enough time to unwind safely in the "meme" stocks EXCEPT for GME. GME was always different because of the float, great leadership, and the diehards of this sub. GME (the stock) is a must-buy even without the MOASS for anyone paying attention. The SHFs have thrown in the towel attempting to win this battle. In fact, they are behaving irrationally trying to drive the price even further into the ground in an effort to make the explosive impact even greater. + +IMO, MOASS is certain. How much we get paid might be a question as the assholes in charge have never played fair. + +Believe in Ryan Cohen. Believe in DFV. Believe in your fellow apes. and just buy and hold. And close the ticker if it upsets you. We got this in spades. +Hi everyone! I've been meaning to make this post for a while now. I'm hoping to help everyone save hundreds or even thousands of dollars by taking care of their own vehicle. Once upon a time, long ago, this was the way things were done. Even in old owner's manuals from the 1920's they'd often have a paragraph in the beginning telling the owner ["If something breaks, it's because you neglected basic care and maintenance!!"](https://youtu.be/1XnfX9tTc8c?t=6m45s) Even though Jay Leno is talking about a 1918 Cadillac in that clip, this is still true today. We have lost our ability to take care of cars as they became more complicated, taking longer and longer to have to learn each new piece and computerized part. But it's still very easy! The basics haven't changed much since then. + +Us here in r/povertyfinance aren't driving brand new 2019 Diesel trucks or Corvettes. I'd venture to say the average age of the typical redditor's vehicle here is at least 10 years old. You can do most work on most passenger car and trucks with nothing more than a $20 wrench set from Walmart, some pliers, screwdrivers, a hammer, and if you're feeling really fancy a $50 socket set from Autozone. I'm going to go over basic maintenance and repair. Your car may vary! The best resource for information about your specific vehicle or problem that's accessible to you is Youtube. I as a mechanic have a bunch of databases available that are very expensive to access so only shops pay out for it. I also suggest buying the Haynes or Chilton manual for your vehicle, available used on amazon for $2-5. You'll also need a jack, which your car SHOULD have (and if it doesn't, get one!). Don't use the jack that comes with your car by itself to work on your vehicle. You'll need something to support it so it doesn't crush you if\when your jack fails. Many people have died being crushed by their cars, just as many have lost limbs. Autozone has a tool rental service that is "free" in the sense that you pay a deposit for the tool and you get said deposit back when you bring the tool back. Even if you're so desperate you can't use a jackstand, put SOMETHING under the car to catch it if it falls. + +EDIT6: According to a couple of redditors in the comments, Alldata, Haynes and some automotive repair subscription services are available at public libraries. Public Libraries may also carry repair manuals for some vehciles! Alldata is amazing for finding wiring diagrams, and I'd give it an 8/10 on it's repair procedures. Sometimes it's spot on. Others, especially in cases where there are the same engine but many different options (Looking at you, Chevy...) can leave much to be desired (example: it tells you to take something out, but there's something else in the way that needs to be removed which wasn't listed in the procedure) + +EDIT7: How to use Youtube to find your fix. If you need general instructions for basic repairs (Suspension, brakes, oil or other fluid changes, etc) Check out ChrisFix. Easily the best auto repair channel on Youtube that I know of. If you need something specific to your year/make/model of car then you need some Google-Fu. Say I need instructions for how to do the trailing arms on my 1990 Honda Civic hatchback. Many videos will be labeled with the year range for that model (in this case, 1988-1991 or even more specifically 1988-1989 pre facelift, 1990-1991 post facelift). You can try 1991 Civic trailing arms, 1988-1991 Civic Trailing arms, 88-91 civic trailing arms, etc. etc. and get a bunch of different results each time. There are a ton of hobbyists out there who have repair videos made for all kinds of makes and models. I've seen a Ford Model T water pump repair video for f*** sake!! Watch plenty of videos and compare/contrast what's going on in each to gather as much information as possible. These will be great for finding out what part is which, where everything goes, etc because it will look just like your car, beat up and in need of fixing, instead of a flawless factory picture. It's great to have someone get a full screen video of a part and say definitively, "This is X" (X being what you're trying to find) "And X is right here under Y, 3 inches behind Z and you can see it when you stand RIGHT HERE" + +To review: You'll need wrenches, screwdrivers, pliers, a hammer, a jack and jackstands, the tire iron that came with your car (get one if you don't have it!!), sockets if you can afford it, and other specialty tools as needed for rental from parts stores. + +Parts can be found for cheapest on Rockauto.com (I'm not shilling here, they legitimately have some stupidly low prices- I got the master cylinder, calipers, padsx4 and rotorsx4 for my car for less than $150 1991 Honda Civic). If you can wait and you need a few things, it's hands down the cheapest place for parts. Autozone, Oreilleys, Advance, Napa, etc. All have basically the same prices. Go with one thats close to you that has a good rewards program. Personally I use AZ- 5 $20 purchases gets you $20 credit in store. The junkyard is a decent place for some parts if you have the time to sift through the pick and pull places. If you're desperate, they also sell used tires if that's legal where you live. Inspect them thoroughly, there's plenty of sources out there on how to inspect tires. Not enough space here to give that lesson. Mount and balance services are usually $20-40 for a set of tires from a tire shop. + +Now that we've talked about what you'll need, and where to find parts, it's time to talk about diagnosing things. All of your routine maintenance instructions can be found in your manual, on youtube, on forums dedicated to your car, etc. But you need to know how to figure out what to fix. This is the Jedi-like powers that mechanics have where they can get in the car, drive it around the block and instantly know what's wrong. It involves a cause and effect style of thinking where by process of elimination you work from one end of the affected part to the other. For instance, working out where a sound is coming from. When does the sound happen? What are the road conditions, What speed? This also applies to figuring out that pesky Check Engine light/ Service Engine Soon light. + +For those of you who can't follow- A car is made up of several systems. Your Drivetrain (Engine, Transmission, and if you have a RWD or 4WD car, a differential), the Suspension (Shocks, control arms, sway bar and sway bar links, tie rods) Accessories (A/C, Power Steering, Alternator), Brakes and Tires, and the body. You need to first determine the affected system (Engine, suspension, brakes, etc) then determine the cause of the symptom (Vibration, noise, overheating, etc). Each part has a distinctive vibration and sound when it's starting to go bad. Once you know what a bad wheel bearing sounds like you'll be able to hear one from a mile away. Same goes for a bad strut mount, or blown shocks. [Looking at how your tires wear tells you a ton about your suspension](http://www.osceolagarage.com/wp-content/uploads/2015/07/tire-wear.png) Again, a ton of this information can be found on Youtube and in your manuals. Diagnosing a No-Start situation is fairly simple. There's a flowchart you can follow. Does the Engine crank at all? Clicking sound? If no crank at all or a loud click, your battery is dead (or your starter is bad). If it cranks and cranks and cranks but doesn't start, you have an issue with the combustion triangle: Fuel, Air, Spark. You're lacking one of the three and you need to figure out which, and why. Lack of fuel is (in order of likelyhood) empty tank, dead pump (or blown pump fuse), clogged fuel filter/rail/injectors, bad fuel. Air is a completely clogged intake filter. Spark is tricky- It depends on how the spark is sent, if there is a distributor or whether the car is coil-over-plug. It could be bad plugs, bad coil(s), bad distributor cap or rotor, bad crankshaft position or engine coolant temperature signal, the list goes on. Fuel and air delivery is simple. Spark really depends on the car. + +I have been learning this stuff for over a decade now, working on my own vehicles as a way to save money before I became a professional mechanic. It can be very scary at first when you take everything apart and have to re-assemble this 2 ton hunk of steel that can go 90mph so that it doesn't fall apart while doing so. Organiziation is key. Having instructions helps a ton. Having pictures of the job before, during and after disassembly can aid greatly in reassembly. If you remove or replace any suspension components because they're worn out like shocks, control arms, etc. take it to an independent shop that does alignments. DO NOT TAKE YOUR CAR TO A NATIONAL CHAIN FOR ALIGNMENTS becuase they always always always half-ass their alignments. I am very knowledgeable about how to do full 4-wheel alignments and 9 times out of 10 the national chains like Midas, Brake Check, etc. will just "Toe and Go" which is to set the Toe of the car and do nothing else because the toe mostly determines how straight the car will drive. This is incorrect, because they also need to set the camber and caster but are too lazy to do so. So if you have to take it to a chain, TELL them you have replaced major suspension components and want a FULL 4-WHEEL alignment TO INCLUDE CASTER AND CAMBER ADJUSTMENTS and if they tell you that it is not adjustable, make them prove it. Sometimes it really isn't adjustable, most of the time it is, however. The machine will know and it will have a way to pull up the procedure to adjust it if it has a method of adjustment. If it doesn't, it will display that it cannot be adjusted. Alignments and tires are one of the only things that you should have to take your car in for if you do everything right taking care of your vehicle. + +The easiest jobs to do yourself are fluid changes, brakes, and some suspension work as well as many gaskets in the vehicle. Some jobs in some cars that are typically easy can be a complete nightmare. Read, read read!! These old vehicles have been taken apart and reassembled by so many people with access to the internet telling others how to do it. Don't get in over your head with a job that's too far outside your ability, because it will end up costing you more when you give up and have to take it to a professional. + +I'll try to add more to this if I can, and reply to any questions if you guys have any (No I won't diagnose your car over the internet. Sorry, not enough time for that and I don't diagnose cars without being right next to them with a scanner in my hands) + +EDIT: Some tips on diagnosing things. + +Scenario 1: When you start the car, there's a loud nails-on-chalkboard sound and it persists for some time after starting. Once warmed up it goes away though. Until you start turning the wheel, and putting demand on the power steering pump. So we've determined that A) A sound is coming from the engine bay and B) It happens when the car starts and when we turn the wheel, meaning that we're moving the power steering fluid through the rack and pinion, making the power steering pump have to work. We've already isolated the affected system- Accessories - and identified when it happens, so we've more specifically diagnosed it down to a problem with either the belt driving the pump, or the pump itself. Now that we know what's affected we need to check the condition of the system. Power steering fluid, the belt itself, the pulley, the power steering lines- inspect it all. In this case, the belt looks dry, cracked, and is missing a couple of teeth. A new belt is in order, which can be bought for very cheap and changed in minutes. After installing, the noise went away! And it seemed as though the P/S system was OK- no leaks and the fluid was the proper type and condition (some systems use generic P/S fluid, some use Transmission fluid, some use a proprietary power steering fluid specific to that brand. READ READ READ!!! Using the wrong type of fluid will ruin the entire system, costing thousands of dollars.) + +Scenario 2: Gas mileage seems really bad. The engine feels like it runs rougher than it used to. It takes a really long time to start the car on a cold day, and the exhaust smells like gasoline. There's a check engine light on. + +This is where things can get fun. You need to pull the codes that are registered- this could be P0420 (catalytic converter code) Or a bad O2 sensor causing a rich fuel situation, or a vacuum leak, or excessive carbon buildup, or a stuck injector, or a wiring harness issue, or... (you get the picture). Engine diagnosis can be difficult, but with the help of an OBD2 reader and knowledge and understanding of the combustion cycle of the engine, anyone can figure out a basic engine problem. Fuel issues can mean engine management sensors have gone bad (O2, MAF/MAP, etc). Figuring out whether is't a mechanical issue, or an issue with electrical wiring can be challenging. + +PRO TIP: ALWAYS ROUTE YOUR WIRES BACK THE WAY THEY WERE WITH ZIPTIES SO THEY DON'T RUB AND CAUSE PROBLEMS LATER ON!! + +EDIT2: Stuff to keep in your car for emergency repairs. Again, the tools I listed above (Wrenches, pliers, screwdrivers, basic stuff). A Tire repair kit, NOT A CAN OF FIX A FLAT! FIX A FLAT IS TERRIBLE!! IT RUINS TIRES DON'T USE IT!!!!! Get the kit that has the rubber strips, rubber cement, a big handle with a poker and an awl. [Learn how to use it](https://www.youtube.com/watch?v=Xq3dDoYRlQg) I'd include a gas can just in case you run out, if you can afford to. Get a milk crate or a plastic tub to keep a few things in, to include: A gallon bottle of distilled water (99 cents, good for emergencies when you have a coolant leak and need water), wiper fluid, a quart of oil and quart of ATF, a stick of the epoxy putty that you mold together like mighty putty (RIP Billy Mays) that patches radiators or oil pans in emergencies, a can of brake cleaner to clean stuff with before applying said putty, a funnel, jumper cables, a jackstand, your jack (either the OEM garbage scissor jack your car is supplied with or a better small floor jack). Flares if you feel you may need it, or alternatively an orange safety triangle. That's about everything I'd carry, too much more and you're adding weight that affects mileage. + +EDIT3: Stuff to do for older vehicles. If you car is 7 years old or older, you could be looking at replacing quite a bit of rubber components over the next few years. Coolant hoses, gaskets, suspension bushings- all of these tend to last 7-10 years or 100-150K miles which is, surprise, about how long most auto warranties are. I suggest inspecting all of your rubber bits if you haven't done so on your own car, or haven't taken it to the shop in a while. Squeeze the hoses; they shouldn't feel very soft and squishy or alternatively, hard as a rock. **Be gentle with vacuum lines because they like to harden to such a brittleness that they snap just by looking at them funny**. I'd replace all of them if you own a vehicle older than 7 years old and haven't done so. A roll of appropriately sized line is usually very cheap. By the foot from a local parts store is very cheap too, and you have the bonus of being able to bring in the part to match it up and make sure its the size you need. + +EDIT4 TORQUE SPECIFICATIONS. Something kind of important another redditor pointed out- How much to tighten something, and how not to strip your bolts and nuts. havingf a torque wrench is great, and using it to torque everything to specified values is even better. But what about those who don't have one? How much do you tigthen things? Here's how to not strip your bolts- Don't tighten it so much that you're struggling to get it even tighter. Yes, you do NOT want that lugnut coming off when you're entering the highway but conversely you want it to come off again sometime in the future. Basically, for critical suspension components and larger bolts (12mm and up) you don't want to use 2 hands on your torquing device; just one. And don't put everything you've got into it either, make it nice and snug and then a bit more. Check it by turning in the loose direction, and if you can't turn it with one hand and and minimal effort it should be plenty tight. For smaller (<12mm) bolts and nuts it should be even less force, decreasing as size does. Keep your threads safe! Don't abuse them! Fixing them can be very time and labor intensive, espeically in hard to reach spots. You can easily sieze up a nut or bolt, requiring heavy duty, expensive tools to break free or having to take it to the shop where they torch/cut the bolt out. +So I've read at least a dozen times on Reddit that, "The IRS will NEVER call you, 100% of the time if you get a call from the IRS saying you are being audited it's a scam." + +Well, I got one of these calls recently. I remembered the countless posts I've seen saying the IRS never starts an audit by phone call. So, thinking I was outsmarting the caller, I asked for their name and what IRS office they were working out of. I told them I'd call them back. + +Welp, much to my disappointment, I called my local IRS office, asked for the auditor, and was connected to the same person. + +The auditor said they are under deadlines to get audits completed and that normally I would have received a certified letter first. + +I thought I would just post this as an FYI. I'd hate to see someone cursing out the caller only to realize they just offended the actual IRS. On the other hand though, I've received far more scam calls from people saying they are the IRS than I have from the actual IRS. I would at a minimum recommend doing what I did- take their name and call them back after looking up the IRS contact info for your local office online. +I'm not sure why no American media outlets reported this. Thanks Reuters. + + + +** UPDATE: ** +I'm not sure why the URL didn't stick the first time: +http://www.reuters.com/article/idUSTRE6A24UN20101106 + + + + +** UPDATE ** +I'm not sure why I keep typing "I'm not sure why" in this reddit. +[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) +Hi guys, + +I'm writing a paper on how people can save more efficiently for housing deposits, and creating a bit of a plan for people who are struggling that they can take away and apply to try and get them in a stronger position to buy a house. + +I have done lots of research into this and spoken to lots of industry experts about common difficulties BUT are there any small things that you have found to be obstacles for you when saving? + +\---------------- + +EDIT: Thanks for your responses - so much great stuff in this thread. I'm sure the article will make a big difference for those trying to better understand their options and your insights have been invaluable. + +PS. To all those who said they bought stuff because they needed cheering up - I hope you're doing okay. My messages are open if you need a stranger on the internet to talk to. +**Join the Telegram for 24/7 support & daily AMAs -** [**https://t.me/TacoCatCrew**](https://t.me/TacoCatCrew) + +**Ask the devs any questions you might have! - They encourage the transparency.** + +\--------------------- + +**When you think of the Binance Smart Chain what comes to mind?** + +When I think of BSC, the first things that pop into my head are moonshots, Ponzi schemes, and rug pulls... The one thing I haven't seen pop up yet is a legitimate business with real world products and mainstream media implementation. What **TacoCat** aims to achieve, is not only the moonshot aspect we all dream of and love, but it wants to revolutionize the way the mainstream media & investors view cryptocurrency as a whole. Whether you like it or not, times are changing and we are evolving technologically. Not only that, but it seems as if time is speeding up exponentially, and whether or not you attribute that to epigenetic evolution, or just a thing we all consciously feel, it's what's happening. What I'm trying to say is, you can either get on board, adapt with the changing markets, and learn along the way... OR... you can do what's comfortable, stay close minded, and be a sheep to the changes that are happening in the world. + +Elon Musk showed us that WE THE PEOPLE decided what has value. We saw GME first, DOGE second, and now **TacoCat**. Let these words marinate into your noggin as you either hop on board the metaphoric train, or sit back and watch as the train leaves the station. + +\--------------------- + +**Recap from the last post** : One of the devs has connections with some of the biggest names in the entertainment & business world. From what I understand, they aim to catapult this coin to DOGE levels in regards to mainstream attention, and that's not something that's every been done before in the crypto world with a brand to back it up. Understanding & grasping just how early on we are in this constantly evolving crypto space is the first step in realizing the potential this project has. The devs are the most genuine & transparent people of any project I've been a part of and I have unwavering confidence in their ability to take this project to otherworldly levels. + +This is fucking amazing & I encourage you to hop board now... Otherwise you'll be kicking yourself in the ass when your wife shows up on date night wearing **TacoCat** panties. + +**The investors mentioned above will be on the upcoming SatoshiStreetBets AMA currently in the works.** + +\--------------------- + +**🚀** **TacoCat** **🚀** + +\--------------------- + +**BUY HERE! -** [**PancakeSwap**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +\--------------------- + +**😺** [**Twitter**](https://twitter.com/tacocatcrew) + +**🌮** [**Telegram**](https://t.me/TacoCatCrew) + +**😺** [**Discord**](https://discord.gg/kwPG4edB) + +**🌮** [**Website Tacocat.Life**](https://tacocat.life/) + +**---------------------** + +Achievements in first 48 Hours + +\--------------------- + +* **PASSED** **~~5,000~~** **10,000 holders** +* **INSANE liquity stabilized at 20%-30%** +* **Listed on BogSwap &** [**Bogged.Finance**](https://bogged.finance/) +* **Successful Fair Launch - No presale so No snake whales** +* **Marketcap of** **~~$5 Million~~** **$20,000,000 just breached** + +\--------------------- + +**🌮 Community - Growing Quickly Come Join Us Cool Cats and Kittens in the** [Telegram](https://t.me/TacoCatCrew) **&** [Discord](https://discord.gg/XPQhnbwe) **Groups😺** + +\--------------------- + +**Taconomics? Like a Cat's 9 Lives there will be 9 % fees on Transaction** + +8% to liquidity pool + +1% to holders + +1,000,000,000,000 total tokens + +The wallets are SO evenly distributed : [**https://bscscan.com/token/0xa8fcee78b782ef97380326e90df80d72f025f020**](https://bscscan.com/token/0xa8fcee78b782ef97380326e90df80d72f025f020) + +**IMPORTANT - Good Liquidity is imperative to stable growth and control. It prevents whales from being able to manipulate the price & promises a safer investment long term.** + +\--------------------- + +**Locked Liquidity** + +**50% of Liquidity LOCKED for 6 months:** [**https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814**](https://bscscan.com/tx/0xd714bb4f8a53993cf9581cb56d6e0726e281db252efaf80f9347702cfc990814) + +**Remaining 50% of Liquidity LOCKED for 12 months:** [**https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257**](https://bscscan.com/tx/0xb6ed6506d363a151d7e11add586f0e97e83732b3e11258a9a612ccbaf7737257) + +**🔥 100% LP tokens burned. 60% of all supply burned.🔥** + +**❗️ Just hit all time high with $2 million in liquidity ❗️** + +**---------------------** + +**✅ TOKEN ADDRESS: 0xA8fcEe78B782eF97380326E90DF80D72f025f020** + +**💵 Purchase on Pancake Swap:** [**https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB**](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xA8fcEe78B782eF97380326E90DF80D72f025f020&inputCurrency=BNB) + +**♻️ 8% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY** + +**💎 1% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS** + +**🔮 Contract Address 🔮**[**https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66**](https://bscscan.com/token/0xA8fcEe78B782eF97380326E90DF80D72f025f020) + +**👌🏻 Ownership Renounced 👌🏻** +I am 63 and have suffered from Parkinson's disease for more than 20 years, 10 of those years I have been off work. My company pays into a pension fund and I am also payed a reduced salary via permanent health insurance, financially I consider myself lucky. All payments will stop late next year when I retire at 65. Marriage has not been happy and I want out, I just want to leave and cause as few ripples as possible. This would involve assigning my share of our house, and all my pension fund, to my wife. Ideally, I wish to move into a one-bedroom caravan near a bus stop - I can no longer drive because my medication makes me drowsy. I would only live on my PIP (which is quite high) and state pension. I am quite cheap to run and am confident I can live on that sort of money as long as I have a roof over my head. I will be happier. Apart from being poorer, would such financial decisions come back to bite me? +So I have read through all content on Centurion.. (Preemptive STF response...I also read too many long threads at flyertalk). + +I've put in a request with our Amex Bus rep for a Centurion application. Alongside some of the other benefits (including the fun experience of having a Centurion)...the single benefit that will pay off for us is the 50% unlimited points rebate on first class tickets purchased (with points) through Amex. We get the credit with the airlines (so we can get/keep 1k with United), and still buy at 50% off. Based on our currently scheduled travel for 2022 that will save us around 15k (the cost of 10k initiation and 5k yearly fee for Centurion). + +So what are the other sneaky good benefits of Centurion? + +The 50% was is kinda under the radar...so curious what other ones are out there that can be amplified. Or what other random justifications we can make to get this card. :) +Just a friendly reminder that $AMZN split today 20:1. It is now trading at this current time of ~$125. I am opening a Tax Free account for a buy and hold, long term CC strategy on this and GOOGL (when it splits in the next little while). The only downside in TFSAs with my broker is no short puts allowed so I can't run the full wheel on it, but whatever, CC are enough. Add to that some ETFs that I will add to every few months I am hoping to have a nice little nest egg built up over the coming decades. + +Happy theta burn, everyone! +Like many others in this sub, I check Blockfolio way more than I probably should. + +Here’s why it happens, why it’s bad, and what can be done about it. + +&#x200B; + +Checking the price frequently is motivated by [the brain’s reward system](https://en.wikipedia.org/wiki/Reward_system), and more specifically the neurotransmitter [dopamine](https://en.wikipedia.org/wiki/Dopamine). + +&#x200B; + +Dopamine makes you feel good. It’s what makes us want to eat, play video games and mate with /u/krokodilmannchen. + +It’s also what gets us addicted to drugs, to gambling, and to checking the price often. + +&#x200B; + +When opening Blockfolio, our brains get stimulated. + +If they see green, they release dopamine, which makes us feel good. + +If you repeat this frequently enough, the behavioral pattern gets stronger, you seek this dopamine more often, and thus check the price more often. + +Seeing red from time to time isn’t enough to prevent the solidification of the behavior. + +&#x200B; + +And up to a point it’s ok. + +&#x200B; + +But I gotta admit: + +\- I often check the price first thing in the morning + +\- I often check the price probably 100 times a day + +\- I sometimes check the price if I wake up during the night + +&#x200B; + +The problem is that when the brain sees red, it produces [cortisol](https://en.wikipedia.org/wiki/Cortisol), a hormone that regulates stress levels: if something bad happens around you, your brain wants you to be alert, ready to take action. + +The cortisol system evolved at a time when threats were everywhere. + +It’s not really adapted to today’s lifestyle, and it’s certainly not adapted to Blockfolio. + +&#x200B; + +Short term, cortisol makes you stressed and more irritable. + +Long term, it makes the immune system weaker, weakens your bones, make you anxious, cause insomnia, and makes you fat. + +&#x200B; + +Cortisol can turn you into a weak, anxious, fast-aging version of yourself. + +&#x200B; + +Not only that but checking the price all the time pisses other people off and makes you less productive at work. + +&#x200B; + +For hodlers, another problem is that checking the price isn’t even useful at all: + +Won’t you keep your Eth no matter the direction the price took in the last 5 minutes? + +&#x200B; + +So if you’re in a similar situation, here’s what works: + +* Be aware of this stuff, watch it at play, and keep it in check. +* Set notifications if the price moves $10 up, or $10 down. No notifications = nothing happened. This will allow you to reduce the price checking dramatically, since during most days the price doesn’t move $10. +* Check this [list of things to do to decrease cortisol levels](https://en.wikipedia.org/wiki/Cortisol#Factors_reducing_cortisol_levels) if you feel like you need it. +* Exercise, eat well, and get enough sleep. This is the usual hippie stuff but there’s a reason why it’s mentioned so often: on average, those who don’t do those things die significantly younger those who do them. So do them. + +&#x200B; + +If we’re right about our investment, let’s all be healthy when it pays off. Take care! + +&#x200B; + +Disclaimer: + +This is an extremely simplified version of the actual biology at play. If you or your relatives feel like things are getting out of control for you, seek help from actual health care professionals! +I maxed out my roth early this year but i am still able to contribute and want to add more VTI. Is it dumb to keep adding to my position in a taxable account? Should I do VOO instead in my taxable account or just accumulate as much VTI in my roth and taxable as i can every year. +The [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) GME retail investors vs the 0.1% situation has lead me to a place of clarity. The game is rigged, and the owners of the system will react with haste and break any laws they must to protect their cartel. For those not following the event + +\- Retail investors, realised the shares of GME and some other companies were heavily shorted and in short supply, so they started buying in the hope of forcing a short squeeze (whereby the holder of the shorts will then have to buy more stock to cover their shorts, sending the price through the roof, an example is Volkswagen \[VW\] in the 2000's). This is perfectly legal. + +\- the plan worked, GME went from $2 to $470 in a short space of time. + +\- Melvin Capital, a Hedge fund took a massive (likely $6 billion) short position in GME and faced closure if the bet went against them, they were losing money at a fast rate and got a bail out last week by other wall street Hedge funds. + +\- Melvin Capital then went on CNBC and other networks to reveal they had closed their short positions, it's highly unlikely as the options volume did not back up their claim, they were simply spreading disinformation, again this is perfectly legal + +\- the retail investors at [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) simply would not give up, they kept buying, the end goal could have seen the stock reach $5K based on the VW scenario. + +\- the 0.1% moved to then protect the 0.1% from losing money by using the stock brokerages they own or control(Robinhood, TD, IB and all the other big players) to firstly prevent the retail investors buying more stock, you could simply not buy these stocks, you could only sell, some companies even forcibly closed down open options positons even in the absense of margin calls, so your account is in good standing with enough liquidity and they decide which stock you can have and which you can not, in this time big institutions are allowed to buy as much of this stock as they desire, just the retail traders are locked out of the casino. This is highly illegal and known as market manipulation, it also flies in the face of the idea that we have a free market. + +\- people like AOC, Elon Musk, Chamath have all come out on the site of the retail traders at [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) + +\- Interactive Brokers chairman and founder Thomas Peterffy goes on CNBC’s “Closing Bell” an is literally weeping, explaining he feels hurt that his large, moneyed 0.1% friends are losing money due to the retail investors, oh the horror, how can these small investors make my friends lose money? Don't they know the implications of their actions? The horror. + +The guys at [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) simply did not understand that in our world only old money gets to make real money, the little guy must be shut down and should never have a slice of the action, all he gets is inflation and a 9 to 5 job, plus side hustle if he/she's lucky. If the little guy ever finds a way to gain an advantage the loophole is quickly closed. + +\- the SEC Chair then threatens to investigate the redditors on [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) by tracking down their IP numbers with the help of reddit + +\- The [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) discord server is banned. + +All the years I talked trash about bitcoin, I apologise, now I genuinely understand the value of having a system not controlled by the government, where they can not on a whim decide to inflate the money supply and bail out their friends, while you carry the load in the form of additional taxes and inflation. +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… + +&#x200B; + +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! + +&#x200B; + +Why should you invest in Everrise? + +&#x200B; + +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. + +&#x200B; + +And now, 17M mcap at launch day! + +Chart : [https://charts.bogged.finance/?token=0xC7D43F2B51F44f09fBB8a691a0451E8FFCF36c0a](https://charts.bogged.finance/?token=0xC7D43F2B51F44f09fBB8a691a0451E8FFCF36c0a) + +Buy on PancakeSwap : [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xc7d43f2b51f44f09fbb8a691a0451e8ffcf36c0a](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x6FCd82B45784A245AE85ca31ab54cc5302999392) + + 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/) +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!. +QYLD has attractive yield of 12% average but with the massive decline it recently faced and its continued inability to rise with markets has left me quite disappointed with it. + +Assuming a 10% dividend yield on which one pays no tax at all. it looks like that one simply gets one's own money back for first 10 years. (Assume no drip) + +in other words, isn't this basically hoping to make some profit after 10 years>? +One of my favorite justifications for spending money on certain things is based on how much time it gets used. For example, a $3000 mattress may sound expensive but is used 6 to 8 hours per day for 5+ years - that feels worth the splurge vs super fancy sneakers can cost $500 but may last only a year max. + +Side note - any good mattress reccs? This group feels like a good one to ask. +I get it. + +When you're in the middle of a bull market and prices continue to rise, it's easy to think that other, more traditional methods of income are a waste of time. Your salary suddenly seems inconsequential and other investments are boring as hell. + +We often talk about not putting all your money into crypto, but there's another element to this too - you shouldn't dedicate all your mental energy to crypto either. + +When the next bear market comes, and it will come at some point, having nothing in your life except crypto and your portfolio app is going to make for a very depressing period. + +Even if you're making paper profits of 10k a day, you still need to develop other areas of your life - whether that's career, relationships, new business ventures etc - because everyone needs something to fall back on, both financially AND mentally. + +I run a small SaaS platform in my spare time, and it generates very little money in the grand scheme of things. But it's mine and I enjoy developing it and getting new customers. If the crypto market was to tank tomorrow, I'd still have this, and that would mean a lot to me. + +Equally, I also have my normal job, and whilst it can be a bit dull at times (and in recent months almost a bit pointless!) it is still something I have continued to strive at, and it's another form of personal development that can open future financial doors. + +This is essentially a post about eggs and baskets, but just wanted to point out that the metaphor is more than just financial - it's also about your wider mindset and not letting other areas of your life slide. +This story is about a week old, however I've not seen anyone talking about this. + +[Full article from New York Post](https://nypost.com/2022/06/21/abigail-disney-wants-to-challenge-bob-chapeks-pay-report/): + +Abigail Disney, the Mouse House heiress turned vocal critic, is reportedly attempting to organize a shareholder challenge of embattled Disney boss Bob Chapek’s $32.5 million payday. + +Disney, who has pegged her personal net worth at $120 million, has been “quietly courting” institutional investors to challenge Chapek��s compensation at the company’s next shareholder meeting, The Wrap reported, citing multiple sources familiar with the matter. + +The proxy push could mark another embarrassment for Chapek, who has been under fire following a series of missteps at the entertainment giant. + +The 62-year-old heiress has reportedly held at least three meetings in an effort to build support for the move, through which participants would reject or potentially seek to claw back some of Chapek’s pay. She has argued that her name recognition would provide the company’s shareholders with a better chance in the fight at the meeting, which will be held next spring. + +One unnamed institutional investor approached by Disney reportedly described their meeting as a “very informal discussion that was very serious,” while another investor told The Wrap that the discussion was preliminary in nature. + +“Fund managers run into each other at industry events all the time and talk shop,” the investor told the outlet. “And Abigail wanted to know what they thought, what the mood was. She seemed mostly interested in if this was that perfect opportunity for something like this.” + +Both a Disney spokesperson and Abigail Disney declined The Wrap’s request for comment on the report. + +The Post has reached out to Disney and Abigail Disney’s production company, Fork Films, for further comment. + +Chapek, who replaced Bob Iger as Disney CEO in 2020, has faced intense criticism over the botched response to Florida’s “Don’t Say Gay” bill. One former Disney executive reportedly said that the company’s leadership “managed to piss off both the left and the right’ by flip-flopping in reaction to the legislation. + +The Chapek-led company faced internal protests from left-leaning workers as well as a public spat with Florida Gov. Ron DeSantis, who revoked the company’s special tax status. The incident sparked speculation that Iger could return to replace Chapek as Disney’s top boss. + +More recently, Chapek shocked the entertainment world by firing Disney’s well-regarded TV content executive Peter Rice – a move that reportedly led to “terrible” morale at the Mouse House. Still, Disney Chairman Susan Arnold issued a vote of confidence for Chapek in the wake of that decision. + +Disney’s stock has also struggled, sinking 40% during a broader downturn in the market since January and about 46% over the last 12 months. + +Abigail Disney’s behind-the-scenes push is the latest sign of her willingness to criticize the company founded by her grandfather, Roy O. Disney. + +The heiress co-directed a documentary entitled “The American Dream and Other Fairy Tales,” which called out pay inequality at Disney. Released earlier this year, the film highlighted the struggles of park workers compared to the lifestyle of Iger, who earned $65.6 million in 2018. + +Abigail Disney also has a history of criticizing executive pay at Disney – once referring to Iger’s windfall in 2018 as “insane.” At the time, Equilar determined that Iger earned 1,424 times the pay of the median Disney employees. + +Chapek’s 2021 compensation of $32.5 million more than doubled his pay from the previous year. The sum included a $10.2 million stock award and $14.3 million through an incentive plan. His contract is due t expire next year. + +Shareholder challenges of CEO compensation are relatively common, particularly at large companies, but rarely result in material changes. + +The votes are typically non-binding and function as recommendations to a company’s board – though they can be a powerful rebuke and indication of public sentiment about internal management." +# Rio Tinto DD + +Ticker: RIO. Listed in ASX, London and US ADR. I'll be referring to the performance of the London listed shares. + +Market cap: $101bn + +Position: Long only holder across savings account and leveraged accounts. + +Sources used: Google Finance, Bloomberg, Rio Capital Markets day presentation from October 2021 (latter very useful!) + +# Summary of idea + +* Stock is down \~16.5% to 12 November 2021 and is down around 5.5% in total return terms YTD +* This compares to Metals & Mining ETF (Ticker: XME) which is +40% YTD +* EV/EBITDA multiple around 3.7x +* Rio has a double digit dividend yield indicated for 2022 based on analyst estimates (10+%) +* Stock has sold off on plunging Iron Ore prices (linked to slowdown in China Property sector) +* Company has a very strong balance sheet (had a net cash position of $3.14bn) which means it has option (carry out M&A into more “green transition metals” and pay dividends to shareholders). +* Reason for holding / adding: Pick up the attractive dividend yield in lieu of a more normalization of Iron ore demand but also potentially more attractive returns from its other metal divisions (aluminum/copper/lithium). + +# About Rio Tinto + +* Rio Tinto Group is an Anglo-Australian multinational and the world's second-largest metals and mining corporation, behind BHP. +* Rio market cap = $101bn +* BHP market cap = $136bn +* Note that Rio’s top shareholder is a Singapore based entity owned by Chinalco (Aluminum corporation of China). Their shareholding has remained quite significant since their shares have not been bought back in most recent share buybacks + +# Valuation + +Rio trades around an EV/EBITDA multiple of around 3.7x, which doesn’t seem very demanding. + +# Key strengths of the stock + +a) **High dividend yield and high likelihood of payment -** Management are very likely to keep dividend in tact (\~10-11% yield estimates) as it forms a key part of their strategy. + +**b)** **Rio has a solid balance sheet –** Namely, it was in a net cash position as at H1 2021, it has a Single A Credit rating (therefore has ample access to cheap financing if needed). Their balance sheet is in much better shape than when the commodities crash happened in 2015/16. No bond maturities until 2024 and didn’t draw down on bank facility during pandemic. Rio recently tendered for its 2025 bonds (buyback) in order to increase its debt maturity profile. + +**c)** **Mega cap – Liquid shares on FTSE 100 and also US ADR and ASX listed shares.** + +**d)** **Several equity analysts covering the stock have already reduced their estimates in light of lowered company Iron Ore production guidance.** Some analysts reduced their earnings estimates post the capital markets day in October. Although they might not have adjusted fully for the more recent large drop in Iron ore prices. + +# Opportunities for stock to re-rate + +* US Infrastructure bill and global infrastructure programs (in order to boost GDP post COVID) +* The End of Chinese Winter Olympics (Q1 2022) - Since for now, China has asked steel mills to cut production until March 15 2022, in order to clear the smog-blanketed sky and to ensure the achievement of the country's steel output reduction target. +* Business is future-proofing itself to be more ESG compliant and held a recent capital markets day mainly for this aspect. +* CEO is actively exploring growth options in copper, lithium and other ‘transition metals’ in change from predecessor +* Availability of cash and ample funding lines means they can execute on M&A plans into higher growth areas (see opportunities) +* Iron ore prices – Low prices unlikely to last forever. Think back to how post the pandemic, low price barrels were hoovered up eventually by Chinese State and others. +* Rio is looking to grow some of its non Iron-ore Metals franchises significantly between 2020 and 2030: + +1. Lithium – By 10x +2. Nickel – By 5.5x +3. Cobalt – By 3.85x +4. Copper – By 1.5x + +* Other areas they are involved in include Green Aluminum and Green Steel +* RIO committed $2.4 bn to the Jadar lithium borates project in Serbia, one of the world’s largest greenfield lithium project. Jadar will produce battery-grade lithium carbonate and position RIO as the largest source of lithium supply in Europe for at least the next 15 years. In addition, Jadar will produce borates, which are used in solar panels and wind turbines. + +**Threats and Weaknesses** + +* Short-medium term Iron ore demand picture due to China appears pretty abysmal: +* In October - Iron ore stockpiles at major Chinese ports rose to their highest since the pandemic impacted China’s economy in March 2019. Total stocks rose to 142.3 million metric tons by the end of October, as the slowdown in major steel mills output continued. Bloomberg +* Demand in other parts of Asia also weak currently - In the period from October 1 to 22, Japan and South Korean inbound iron ore shipments declined by more than 40% compared to the comparable four-week period in September. Four-week rolling averages for the two countries are now at the lowest levels compared to the same period in past years. Singapore shipments declined by around 6%, but remain in line with seasonal average levels. Bloomberg +* China’s steel industry continues to reel from supply curbs. Steel industry output fell 7.4% month-on-month in October, according to the China Iron & Steel Industry Association. Meanwhile, basic oxygen furnace steel mill utilization rates fell below 75% in the final two weeks of October. Source: Bloomberg +* Rising unit costs (higher processing costs, haulage, energy, and wage costs) +* Higher energy costs stay high for longer, which reduces margins + +**Relative performance:** + +Unfortunately I can't paste graphs on here but the YTD share price return of Rio lags its more diversified peers (BHP/Anglo/Glencore): + +Rio -16.5% + +BHP -3.5% + +Vale -27% + +FMG (AU) -36.5% + +Anglo American +12.7% + +Glencore +50% + +**Segmental Analysis of divisions at Rio:** + +Gross product sales as proportion of total reportable segments (H1 2021): + +* Iron Ore - 63% +* Aluminum - 17% +* Copper - 11% +* Minerals - 9% + +Gross underling EBITDA as proportion of total reportable segments (H1 2021): + +* Iron Ore - 75% +* Aluminum - 9% +* Copper - 10% +* Minerals - 7% + +**Key Financials from H1 2021:** + +* Sales: $33bn +* Underlying EBITDA margin: 61% +* FCF of $10.18bn +* Underlying ROCE: 50% +* Net cash position: $3.14bn + +**Feedback appreciated if any.** +I posted DD on this calling for a severe undervaluation twice + +[r/ValueInvesting Month Ago](https://www.reddit.com/r/ValueInvesting/comments/lnj6zz/update_magnachip_mx_still_100150_undervalued_at/) + +[WSB 3/22 Post](https://www.reddit.com/r/wallstreetbets/comments/mbhb2a/best_oled5g_value_play_mx_magnachip_makes_oled/) + +[WSB 3/12 Post](https://www.reddit.com/r/wallstreetbets/comments/m35pbh/1_billion_mkt_cap_mods_check_googleyahoo_deep/) + +[AND even 6 months ago here but it was removed by Mods](https://www.reddit.com/r/wallstreetbets/comments/itngcb/magnachip_5x_ev_ebitda_for_this_semiconductor_co/) + +Well to everyone who supported me, **GOOD NEWS MX JUST ENTERED A SALES PROCESS TO BE SOLD FOR $1.4 BILLION 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀** : + +[https://www.prnewswire.com/news-releases/magnachip-enters-into-definitive-agreement-with-wise-road-capital-in-a-take-private-transaction-valued-at-1-4-billion-301256607.html](https://www.prnewswire.com/news-releases/magnachip-enters-into-definitive-agreement-with-wise-road-capital-in-a-take-private-transaction-valued-at-1-4-billion-301256607.html) + +But there is even better news. I still believe the company is severely undervalued at $1.4 billion and likely a bidding war will start. + +To summarize, MX has $280 million of NET CASH, $0 debt + +$605 million of Net Operating Losses to reduce future taxes (albeit $100 million in Korea, but still very positive) + +200 millimeter wafer semiconductor fabrication plant worth at least $250 million + +EBITDA growing from $50mm to $65-$75mm in 2021 + +**Yet only worth $1.4 billion?** + +**I'm not selling** +*Disclaimer: With the recent debate on the sub, I've decided to label my posts as "Possible DD" until someone is able to peer review my work, and independently replicate it. So far, my only proof has been how it works in the field, which means it should not be blindly taken as truth. I fully support academic standards, as every part of my work in real life is peer reviewed and my work has always been improved by an extra set of eyes. However, I also support choice and freedom of speech, so I think it's up to every writer to decide how to label their own work. It's also the responsibility of every reader to judge the quality of content they read, and don't take anything at face value. To the moon for us all!* + +TLDR: My read of several indicators (both contained in this post, and in my model) is we should start seeing some buying pressure this week, most likely in the option settlement period (Tuesday - Thursday), which will start us on a steady incline upwards. + +**Although I can't report an imminent trip to the heavens using my indicators, I can say that we're knocking on the Delta Neutral's door... just as good? No.. but it does signal a turn-around is coming soon!** + +My work is built on the idea that the market is largely unpredictable, but one particular kind of behavior is certain - hedgies gonna hedge. It's written into their algorithms. Specifically, they like to delta hedge and gamma hedge. This work tries to profit on this one particular type of buying/selling behavior. If you're lost, please refer to the detailed data dictionary, methodology and assumptions section at the bottom. + +***Delta/Gamma Neutral Graphs*** + +Here she is! This graph includes the Close Price (green), delta neutral (blue), gamma neutral (orange) and gamma maximum (red), on a log-based 10 scale so you can see those spikes in all their glory. + +&#x200B; + +[GME 1\/4\/2021 - 7\/12\/2021 - Log Based 10 Scale](https://preview.redd.it/6xmd5xls20b71.png?width=910&format=png&auto=webp&s=9fdb10a53d66a907fc38a7580259c821bfd151ca) + +Observations for the graph below: + +* the GME close price has been drifting downwards, while the delta neutral has been drifting upwards. +* The gamma neutral has been bouncing around between, and now the DN/GN/Close are all converging. +* Because the underlying price is drifting lower, instead of dropping quickly, so it MAY continue to drop past the DN before springing back up, but based on other indicators, I expect that pressure from hitting the DN will start making it more appealing to call buyers, and we should start to see a steady incline soon. +* The max gamma is holding steady at $260, which is my target to hit in order to launch us upwards. + +Just for fun, I thought would share a few other popular stocks that you can review for comparison. As you can see, the stocks often stay above the delta neutral, but occasionally drop to the delta neutral, and even sometimes below it, before ricocheting back upwards. + +&#x200B; + +[Movie Stock 1\/4\/2021 - 6\/18\/2021](https://preview.redd.it/3ictf87i20b71.png?width=910&format=png&auto=webp&s=eb6dceff875317457c402dbe781a2700bdc76d11) + +&#x200B; + +[BBBY 1\/4\/2021 - 6\/28\/2021](https://preview.redd.it/woxnaf6p20b71.png?width=910&format=png&auto=webp&s=6e8d49ecece333cc7d28a2290f23ca8d0db57496) + +&#x200B; + +[SPCE 1\/4\/2021 - 6\/28\/2021](https://preview.redd.it/1netpi6n20b71.png?width=910&format=png&auto=webp&s=aa662200c7effe6332404cd98f7201c3fc14ed1a) + +&#x200B; + +***7/16 Expiration Dates*** + +I know everyone's getting excited about the 7/16 puts expiring, but I have a few considerations: + +* 47% of all Call OI is expiring this Friday, versus 48% of all put oi. This battle is losing about the same number of bear/bull warriors on each side. +* On the other hand, 81% of call OI currently has strikes > 1.05 x Close, versus 96% of put oi with strikes < close / 1.05. So we should be keeping a higher percentage of valuable bull warriors, compared to the valuable bear warriors kept by the other side after Friday. +* The max pain is currently @$180, versus $200 for options expiring next week. I would never trade by the max pain, but it can be a good benchmark, and 11% increase for next week's options is a good sign that the equilibrium is trending up. +* The IV for the OTM puts (\~Put @ -0.25 delta) minus the IV for ATM calls (Call @ \~0.50 delta) has been positive for the last few weeks, indicating higher buying pressure for OTM puts, compared to calls, and has corresponded to our long price drop. +* However, that difference finally turned negative today, indicating the IV for ATM calls is greater than the IV for the OTM puts, signaling the buying pressure for those OTM puts is easing up this week. Hopefully the bear put's reign of terror is finally subsiding after three.... long... brutal.... weeks.... + +Finally, for reasons I would like to keep to myself because it's a big part of my alpha, I am expecting a nice bump in volume in the settlement period this week (Tuesday - Thursday), about an extra 1.1M more than usual, probably on Wednesday, which will result in some buying pressure if we maintain this nice low volume we've been having. + +TLDR: My read of several indicators (both contained in this post, and in my model) is we should start seeing some buying pressure this week, most likely in the option settlement period (Tuesday - Thursday), which will start us on a steady incline upwards. + +***Now it's time to tell you all the boring stuff....*** + +&#x200B; + +[\*fart noises\*](https://preview.redd.it/tstg6emk20b71.png?width=650&format=png&auto=webp&s=6e000a848f0399709f49b81739e1ce9ffc3a51a8) + +**Overview** + +In general, all stock indicators boil down to two things - reversion to the mean and momentum. Every trader wants to accurately predict these two forces better than other guy, and if you use different indicators than the other guy, that an give you an 'alpha' in trading if it's a better predictor. + +I make a lot of different indicators, but the two primary ones are the Delta Neutral and Gamma Neutral: + +* Delta Neutral (DN) - This helps identify **reversion to the mean**, and represents the underlying price that would create a total market delta of 0 across all GME options (all expiration dates) for a given date. In general, it acts like a floor to the underlying price, but if the price drops below the delta neutral, then it tends to shoot back up above that line. + * This is generally how I trade my model. I watch for stocks that drop below the DN, and buy them, expecting for traders to identify that the stock is underpriced and will revert back to a higher level. +* Gamma Neutral (GN) and Gamma Maximum (GM) - This helps identify **momentum. The GN** represents the underlying price that would create a total market gamma of 0 across all GME options (all expiration dates) for a given date, whereas the GM represents the underlying price that would create the maximum gamma across the market. + * In general, a sudden increase in gamma indicates a sharp upward in momentum that continues until that gamma drops. + * The GM seems to act like a ceiling, but fun things happen when the underlying crossing that threshold! + +This is my own personal 'alpha' that I developed for my own trading purposes, and am sharing with this community because it's given me back so much. This is not financial advice. I'm just a mathematician that likes to play with options data, and I am not a professional trader. + +***Methodology and Assumptions*** + +**Delta Neutral** + +The Delta Neutral price that creates a total market delta of 0 across all GME options (all expiration dates) for a given date. It can also be though of as the intersection of a supply/demand curve for hedged stocks. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +Notes below for general options on how the delta neutral interacts with the underlying price: + +* There is a large influx of call option purchases, because: + * The call prices get less expensive as the underlying price approaches the delta neutral + * Stock prices usually rebound/revert back to the mean after large crashes, so the price often rebounds anyways. +* With the large influx of call volume, market makers have to start buying stocks to delta hedge, which turns the price back around and creates an upward trajectory. + * Important note that hedgies often hedge with derivatives instead of buying stocks, so there isn't a 1-to-1 relationship between the delta and shares bought/sold by hedge funds. +* Historically, you can see that GME often bounces off the delta neutral prices during drops. The exception is the February drop. When the underlying goes below the delta neutral price, a lot of pressure builds up that results in a significant increase when that pressure is released. + * Note this is the primary way that I trade my model. I made a scanner that looks for equities that fall below the delta neutral. + +**Gamma Neutral** + +The Gamma Neutral price that creates a total market gamma of 0 across all GME options (all expiration dates) for a given date. See the "Methodology and Assumptions" section for full detail on how I develop this indicator. + +General notes below for observations on how this indicator behaves: + +* It acts like support/resistance between the delta neutral and the underlying, and typically bounces around between the two prices for most symbols (like we have seen with GME since April). +* It also goes crazy in periods of high volatility, as you can see by the very higher spikes. +* A gamma spike indicates the presence of POTENTAILLY slippery option market conditions, which COULD lead to a gamma squeeze. There were certainly spikes present back in January, but we had a few one-day false starts this last month. +* They are often triggered by high price movement in a day, which can lead to continue high growth if underlying volume supports it. +* Gamma spikes can also be triggered by unusual options purchases during the day. These are the one ones to find, because you can often catch the high increase waves before they actually start. +* If I'm trading this indicator, I often either wait for a gamma spike to continue for 2 days in a row and supported by increased volume. Otherwise, I invest straight away if I find a gamma spike just based on options movement (i.e. no significant underlying increase yet). + +I write my own algorithms to produce the results above. The following lists some key methodology and assumptions I use: + +* I rely on daily options and stock summaries produced by [www.historicaloptionsdata.com](http://www.historicaloptionsdata.com/) +* For the Implied Volatility (IV), I use the following method: + * Calculate the raw IV of the mid-point between bid/ask price at close. + * Calculate a “blend” IV, which represents the IV where the call/put parity holds, i.e. where call delta – put delta = 1, using the same IV. + * Smooth the mid-point call/put and blend IV using a gaussian smoothing algorithm with a 20-strike window. + * Apply the smoothed call/put relativities to the smoothed blended IV curve + * Fill any missing values with a linear interpolation of the neighboring strikes. +* Using the final call/put IV estimates described above, I calculate my own Greeks. I like this source if you're interested in the formulas: [https://www.macroption.com/option-greeks-excel](https://www.macroption.com/option-greeks-excel) +* For the total market delta and total market gamma, I rely on the OI x delta and OI x gamma for each strike price. + * Note that the delta of a call is usually equal to (1 - put delta), so not adjustment is needed to the delta signs when calculating the total market delta. + * However, the call/put gammas are both positive based on the B-S calculation. If you're calculating the total gamma for a portfolio, or the total market, you have to add the call gamma and subtract the put gamma. +* To estimate the delta neutral and the gamma neutral, I have an algorithm that relies on the optimization toolbox in Matlab to identify an underlying price that achieve a total market delta and a total market gamma. +* Note that the IV would change with higher/lower prices for the delta/gamma neutral and the sensitivity tests, but the impact is not significant enough to make a meaningful difference and takes significant processing time to apply the IV curves. However, it is an important simplifying assumption to be aware of. +* Open Interest (OI) is always lagged one day for options summaries. The OCC releases final open interest on a given day, and it represents the OI for the close of the prior day. Therefore, the OI I get in my summaries on 6/28 does not represent the OI as of close on 6/28. It represents the OI as of close on 6/25. If you see a source like Yahoo give live OI throughout the day, they are only estimates, and their algorithm methodology for estimating the OI based on various price/volume movement is a closely guarded secret. Using the prior day OI is currently a limitation of the data available to me. + +TLDR: My read of several indicators (both contained in this post, and in my model) is we should start seeing some buying pressure this week, most likely in the option settlement period (Tuesday - Thursday), which will start us on a steady incline upwards. +Make A Difference $MAD just got listed on CMC and CG🚀 + +MAD Token’s dev team boasts Harvard and Cambridge-educated veterans of the charity space as well as an experienced trader from one of the most prominent crypto trading firms. They united with one goal in mind: to Make A Difference. + +❣️ Low market cap + +❣️ Fully doxxed team + +❣️ Detailed roadmap and white paper + +❣️ Total transparency (all dev wallets listed on website) + +❣️ Smart contract audited by Techrate + +❣️ Direct partnerships with multiple charities + +Coming soon: + +💕 MAD donations to partnered charities + +💞 Native decentralized exchange (MADex) + +💗 Direct partnerships with some of the world’s biggest and most respected charities + +This combination of titans from the charitable and financial worlds is both determined and capable of transforming the way that we think of charity. Don’t sleep on what is destined to be one of the most explosive stories to ever emerge from the crypto space. + +📃 Site/white paper: [https://MADToken.org](https://madtoken.org/) + +💌 Telegram: [https://t.me/madcharitytoken](https://t.me/madcharitytoken) + +💸 Buy on Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4D5eCA1e4FE912904544043feCEB6858DDd3d866](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x4D5eCA1e4FE912904544043feCEB6858DDd3d866) +Recently transitioned to a Horizons TRI (unregistered) and Vanguard DRIP (registered) portfolio for 90% of my assets. The other 10% are dogs I still believe will turn around. + +I used to waste so much time on this and there are hobbies and life etc. but how do you peeps stop yourself from making tweaks and changes and embracing the set it and forget it? +THE SEC HAS THE POWER TO END THIS - THEY'VE DONE IT BEFORE AND CAN DO IT AGAIN + +This is extracts from a 92 page document, I highly recommend reading the whole thing + +[https://www.sec.gov/rules/final/2008/34-58773.pdf](https://www.sec.gov/rules/final/2008/34-58773.pdf) + + Effective Date: October 17, 2008 until July 31, 2009. + +July 2008 (the “**July Emergency Order**”) and September 2008 (the “**Short Sale Ban Emergency Order**”) + +In these orders we noted our concerns about the possible use of unfounded rumors regarding the stability of financial institutions by short sellers for the purpose of manipulating the prices of securities issued by the financial institutions to increase profits through “naked” short selling.3 + + We intend that the temporary rule will address potentially abusive “naked” short selling by requiring that securities be purchased or borrowed to **close out any fail to deliver position in an equity security by no later than the beginning of regular trading hours on the settlement day following the date on which the fail to deliver position occurred**. This temporary rule should provide a powerful disincentive to those who might otherwise engage in potentially abusive “naked” short selling. + + The July Emergency Order required that, in connection with transactions in the publicly traded securities of the substantial financial firms identified in Appendix A to the Emergency Order (“Appendix A Securities”), **no person could effect a short sale in the Appendix A Securities** using the means or instrumentalities of interstate commerce **unless** **such person** or its agent had borrowed, or arranged to borrow, the security or otherwise **had the security available to borrow in its inventory, prior to effecting such short sale**. The July Emergency Order also required that the short seller deliver the security on settlement date, prohibiting any fails to deliver in the Appendix A Securities.24 + + T**he Short Sale Ban Emergency Order temporarily prohibited any person from effecting a short sale in the publicly traded securities of certain financial institutions**. On October 2, 2008, we extended the Short Sale Ban Emergency Order due to our continued concerns regarding the ongoing threat of market disruption and investor confidence in the financial markets.28 Pursuant to the extension, the Short Sale Ban Emergency Order terminated at 11:59 p.m. EDT on October 8, 2008. + + As discussed above, due to our concerns about potentially abusive “naked” short selling in certain non-threshold securities, we recently issued the July Emergency Order to temporarily impose enhanced requirements on short sales in the Appendix A Securities. Following our issuance of the July Emergency Order, we issued the Short Sale Ban Emergency Order in which we took the additional step of prohibiting short selling in the securities of a wider range of financial institutions than those subject to the July Emergency Order. In addition, we issued the September Emergency Order which, in part, imposed enhanced delivery requirements for transactions in all equity securities and made effective immediately a “naked” short selling antifraud rule. **We took these emergency actions because we were concerned about panic selling in securities due to a loss of confidence that could be further exacerbated by “naked” short selling.** + + In addition, we are concerned about the negative effect that fails to deliver and potentially abusive “naked” short selling may have on the market and the broader economy, including on investor confidence. **Temporary Rule 204T addresses these concerns by requiring a participant to immediately close out a fail to deliver position by purchasing or borrowing securities by no later than the beginning of regular trading hours on the Close-Out Date** + +&#x200B; + + If a participant does not purchase or borrow shares, as applicable, to close out a fail to deliver position in accordance with temporary Rule 204T, the participant violates the close-out requirement of the temporary rule. In addition, the temporary rule imposes on the participant for its own trades and on all broker-dealers from which that participant receives trades for clearance and settlement (including introducing and executing brokers), **a requirement to borrow or arrange to borrow securities prior to accepting or effecting further short sales in that security.** + + Specifically, temporary Rule 204T(b) provides that the participant and any broker or dealer from which it receives trades for clearance and settlement, including any market maker that is otherwise entitled to rely on the exception provided in Rule 203(b)(2)(iii) of Regulation SHO,71 **may not accept a short sale order** in an equity security from another person, or effect a short sale order in such equity security for its own account, to the extent that the broker or dealer submits its short sales to that participant for clearance and settlement, without first borrowing the security, or entering into a bona-fide arrangement to borrow the security, **until the participant closes out the fail to deliver position** by purchasing securities of like kind and quantity and that purchase has cleared and settled at a registered clearing agency.72 + + 78 See 17 CFR 203(b)(3)(vii) (discussing bona fide purchases for purposes of Regulation SHO). It is possible under Regulation SHO that a close out by a participant of a registered clearing agency may result in a fail to deliver position at another participant if the counterparty from which the participant purchases securities fails to deliver. However, **Regulation SHO prohibits a participant of a registered clearing agency, or a broker-dealer for which it clears transactions, from engaging in “sham close outs” by entering into an arrangement with a counterparty to purchase securities for purposes of closing out a fail to deliver position and the purchaser knows or has reason to know that the counterparty will not deliver the securities, and which thus creates another fail to deliver position**. See id. at (b)(3)(vii); 2004 Regulation SHO Adopting Release, 69 FR at 48018 n.96. In addition, ***we note that borrowing securities, or otherwise entering into an arrangement with another person to create the appearance of a purchase would not satisfy the close-out requirement of Regulation SHO. For example, the purchase of paired positions of stock and options that are designed to create the appearance of a bona fide purchase of securities but that are nothing more than a temporary stock lending arrangement would not satisfy Regulation SHO’s close-out requirement.*** + +&#x200B; + +# In addition, we seek comment on the following + + The temporary rule requires participants to immediately close out a fail to deliver position by no later than the beginning of regular trading hours on the Close-Out Date. S**hould we narrow the close-out requirement further?** S**hould we allow** a longer or **shorter period of time within which to close out a fail to deliver position?** What would be the justifications for allowing a shorter or longer close-out period? + + **Should we permit participants to close out a fail to deliver position for long sale transactions by borrowing as well as purchasing securities**? Please explain. + + The temporary rule allows a participant to close out a fail to deliver position attributable to bona fide market making activity by a registered market maker, options market maker, or other market maker obligated to quote in the over-the-counter market by purchasing securities of like kind and quantity by no later than the beginning of regular trading hours on the third settlement day after the settlement date. **Should this close-out period be a shorter or longer time-frame?** Please explain. + + An arrangement to borrow means a bona fide agreement to borrow the security such that the security being borrowed is set aside at the time of the arrangement solely for the person requesting the security. **Should we define “arrangement to borrow” as requiring a contract between the broker-dealer and the lending source?** + + Should temporary Rule 204T(b) require that participants and broker-dealers from which participants receive trades for clearance and settlement borrow securities prior to effecting further short sales, rather than allowing for either an arrangement to borrow or a borrow? If a fail to deliver position has not been closed out in accordance with temporary Rule 204T, **should we prohibit the participant, and any broker-dealer from which it receives trades for clearance and settlement, from effecting any further short sales until the fail to deliver position has been closed out?** + + The temporary rule imposes a close-out requirement on fails to deliver for all equity securities. Due to this hard delivery requirement **is it necessary to retain the “locate” requirement of Regulation SHO for short sales?** What are the benefits of continuing to require that broker-dealers have a **reasonable grounds to believe that a security can be borrowed** so that it can be delivered by settlement date if a participant is required to immediately close out a fail to deliver position by no later than the beginning of regular trading hours on the Close-Out Date? + +&#x200B; + +\-------- + +Tldr; SEC can issue an emergency order. First order aimed to stop all FTD's by reducing the cycle to three days, and to prevent continued short selling if you had outstanding FTD's. The second order straight up banned short selling. They then put out a series of highly directed questions to get feedback on how to best target those responsible for the abusive naked short selling. + +&#x200B; + +Get your ass into top gear Gary. You know it's happening. You know how to stop it. There is a precedent. + +https://preview.redd.it/qw9zgckod2i71.png?width=1916&format=png&auto=webp&s=03a9dc2cb675d1ef8636a39ee38c3d4a11d06a1c +Last week I started watching the AMA with Lucy and after about 30 minutes, I couldn't handle the chat any longer. It was toxic and hard to swallow after all the hard work and DD that the mod team has put in to this sub. + +That being said, after dealing with all of that bullshit last week, Pink came to today's AMA like an absolute rockstar. After dealing with shitty and ungrateful people, she dealt with today's technical difficulties AND managed to handle the guest disconnecting early due to tech issues with going over what they had previously discussed. + +The BIG thing here. After dealing with all the assholes and shills that U/luridess had to deal with, Pink came on and had her cam on. Fellow apes and apettes should not feel concerned to show their faces within the community. Pink killed it today, regardless of circumstances, and I think we need to remember who our allies are vs our foes. + +Thank you r/Superstonk and the whole mod team for everything you've done to keep this community informed and up to date on this significant moment in history! + +💎💎💎🦍🦍🦍🍌🍌🍌🚀🚀🚀 + +EDIT: Pay it forward. + +EDIT 2: I honestly did not anticipate this getting to even 1K+, let alone 3k+. Thank you to all who have commented, upvoted, or awarded. This post was simply meant to bring attention to the hard work and dedication the mod team has put towards our community. It's been a difficult # of months for all of us, and they have certainly a heavier load than most of us. It's only fair to recognize and appreciate the work/effort they've put in. Stay strong, Stay patient. HOLD. +I'm curious about how closely analysts actually follow their companies, and how much time they have to spend on each. What information do they have access to that we don't? + +For example, I'm following a company involved in a patent dispute. A number of the court filings are available for public viewing. If an analyst is following this company, is it reasonable to expect they would read this type of documentation in detail, or will they only have time to focus on the financials and management presentations/quarterly commentary? + +I understand the general advice that analyst projections don't mean much, but I want to understand a little more about what they actually do. +There I said it. Anyone who thinks that NFT's are "EXPENSIVE JPEGS" is either dumb, a boomer or purposefully telling a lie or likely all three of the above. + +They do not get how NFT's can represent digital proof of ownership of about anything and how there is an unlimited market because ownership of about anything can be digitalized. They do not get how big the gaming NFT market can be. They are basically in the same position as people mocking the internet when it was a new thing. So my fellow apes ... I will leave you with my lifelong credo: OPINIONS ARE LIKE ASSHOLES, ... - EVERYBODY HAS ONE. As for me, I am much more interested in UR ANUS than BILL GATE'S ANUS. Especially when it itches and whispers to you of MO ASS ... +I'm 23 and looking to invest in real estate. I currently rent, don't own my house. + +Currently making $65-80k/year (varies due to commission) and have $20k saved up. + +I found a 3br 1.5ba house 45 minutes away in a pretty rough area, but up and coming, for only $50k. Currently is rented by long term tenants who have been there for 4.5 years. + +They rent for $700/month. + +If I put $10k down, it would cash flow about $400-$450/month. + +I like this property because I'd be starting small, and that makes me feel safer. But I don't know if it's worth it, why not just go bigger and buy a triplex? + +I don't know. The numbers seem to work on this deal though, and that's all I care about. + +If it was $300,000 and the numbers made sense, I'd do that too. But I can't find anything that works in that price range. + + +Would this $50k property be a bad decision? Good decision? Should I just keep saving and go FHA on a triplex? Just looking for general advice +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 + +&#x200B; + +* Monthly surplus - 50,000 + +&#x200B; + +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. + +&#x200B; + +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. +i started investing this last year. i’m 22 and have a $28,000 portfolio. i just started learning about options and want to start doing coveted calls with a few of the stocks i own. + +i have 500 shares of PLNHF and 200 shares of UWMC. i also have 70 shares of RKT and was thinking of buying 30 more shares so i could start selling covered calls on all them? does this make sense? any advice would be really appreciated! +I’m just curious if anyone has managed to live off their trading gains because of their well defined trading strategy. + +If so, what strategy are you using, how long did it take you to refine and trust your strategy, and how much does it take to achieve this level of financial independence? + +PS - this question is EXCLUDING those who did it with a huge retirement nest from their previous job’s savings / inheritance, eg. Anyone with $1mil in savings can already live off $10,000 per annum in interest, and so I’m not looking at this group of traders. +I am 18 and want to buy and hold some growth stocks for the next 20-30 years. What do you recommend? + +I’m a 18 year old from Glasgow, Scotland. Born into a low income family, I have been working since I was 16, I am in education, and I have been teaching myself about money, business, psychology, and fitness for the past 3 years. + +To live a happy and fulfilling life I understand money isn’t everything but I also understand money is a tool that I can use to help myself and others. I’ve learned that through compound interest and good saving/investing habits I could use this time right now to set myself up for the rest of my life. + +I make around £1,200 a month from my part time job and my side hustle. My expenses are £300 which gives me £900 a month of disposable income. I save on average £400 - £600 of that each month. + +I have £1,040 in a cash isa, +£2,030 in a low risk diversified mutual fund, +And £2,770 in my individual stocks. + +The stocks I have are AAPL, AV, EZJ, TSLA (current net profit of £280) + +Total- £5,840 + +Would love some different opinions and advice because I’m sure I’ll be able to learn a thing or two 😁👍🏻 +Rocket Companies (ticker RKT) is Rocket Mortgage, the online mortgage broker launched by Quicken Loans in 2015. + +RKT had their Q4 earnings released today, and as of market close were trading at $19.90, and $20.90 as of this post during AH. + +First, let me briefly mention that RKT has been shorted like CRAZY and as of the [last Short Interest report](https://www.highshortinterest.com/) on Feb 9th, RKT has AT LEAST 31.32% shares short. That makes it a great target for a (probably small) short squeeze, even if temporarily. + +Before you get too excited and start treating this like a Meme stock, read on about why this is a fantastic investment even without considering Short Interest. + +Rocket’s Q4 results COMPLETELY knocked it out of the park with $4.8 billion Adjusted Revenue (up 162% YOY) and $2.3 billion Adjusted Income (up 350% YOY). +[See Yahoo article here](https://finance.yahoo.com/news/rocket-companies-experiences-explosive-growth-210500749.html) + +Last month, Rocket also announced their new online National Mortgage Broker Directory that allows/assists people to find an in-person mortgage agent to help them purchase their home. It’s an alternative to fill the need of the people who prefer in-person contact over filling out overwhelming checkboxes and blanks online. + +They’re also now adding a Special dividend of $1.11/share, announced today with their earnings. +*(So if you Buy, Hold it until at least March 9th) + +RKT has been trading way under an average PT of $24.68 ($18-$35) by 14 analysts on Yahoo! Finance way before these new earnings results, so it was already trading at a discount. + +For the better part of the last 6 months it has traded consistently between $19-$24. It’s primed for a jump even without any of this news. + + +TL;DR- buy RKT. It’s cheap, is massively shorted and has GREAT financials. And a Special dividend. Plus, their name is Rocket. + +*Hold til at least March 9th for Special Dividend + +*Edited for formatting +The **Vertex** Platform have 3 benefits for users, and they are as follows: + +1. **ICO buyers:** People who are looking to buy into ICOs will be able to pick from top of the line projects to buy into, thanks to Vertex’s rigorous vetting process. They will also benefit from preferential pricing on the **Vertex** platform and a fair system that gives every user the opportunity to buy into any of the projects offered for sale on the platform. +2. **ICOs:** Projects that meet the necessary requirement, will benefit from early buy ins that inject funds into the ICO, will expose the project to a pool of users that have already conducted KYC, and a shortcut to user onboarding. +3. By vetting ICOs through a rigorous 6-step process, **Vertex** will become a standard bearer in the industry that buyers will look up to. This will contribute towards raising the quality levels of the projects that are launched in general. + +&#x200B; + +https://i.redd.it/j8f448je4wj11.jpg + +[https://vertex.market/](https://vertex.market/) +Reddit as we know is hugely popular and forex isn't exactly a niche area... Look at how crazy active things like crypto are, weedstocks, wallstreetbets etc. When I first typed in "forex reddit" and found this sub reddit I was expecting at least 100k subscribers and everyone posting their trade ideas, setups and general market talk but this doesn't really happen here, any ideas why not? + + +There's another place I found called forex factory which is an old school forum and it's pretty active in selective areas like trade discussion but the forum looks horrible. I wonder why /r/forex is so quite 🙁 +This may appear to be a noob question, but read on carefully and please try and understand the point I'm trying to make! ***I'm hoping your answers might be helpful to people both learning Forex and looking to get into it, so please don't hate on me for this post.*** + +I am relatively new to FX and have learned about break and retest strategies, MACD crossovers and stop losses below structure and risk to reward ratios (usually going for 1:1 or 2/3:1) and so on. I say this only so you know I've a general **(very basic)** understanding of charts, price action etc. + +I definitely do **NOT** expect to step into the markets and instantly win a majority of my trades, however, to illustrate my thoughts please note the example below. + +If I am winning 2% on a winning trade and losing 1% on a losing trade (2:1 reward risk per trade), a strategy that wins just 50% of the time trading once per trading day would be +10% each month. (10 days of -1%, 10 days of +2%). +10% is a HUGE increase in accounts and if a $1000 account was +10% per month for 12 months the end of year balance would be over $3138.43 or a 213.84% return! + +This leads me to a theory that almost NO system can be returning 50% on a 2:1 reward risk, even with careful trade selection (let's say I monitor the 7 major pairs, gold and GBP/JPY as I do and pick one entry a day) Am I wrong? I appreciate it is a hypothetical example designed to make a point, but my thoughts are if you monitored lots of pairs and took only ONE entry a day, we might expect to win 50% of the time. + +Let's expand this further. I have seen numerous algos (can't name them but looking like they win at LEAST 50% of the time) which tempt me because they appear to indicate moves I could jump on and where I could pull a bunch of pips out of the market. However, there surely cannot be a holy grail or are people making this type of insane return? It cannot be as easy as buying an algo, signing up to $300,000 worth of FTMO funding and earning 10% per month for an easy $21,000 per month income with profit share. Or maybe it is and I'm just cynical?! I end up getting tempted by courses etc. in the hope that if I spent £400 on a good course it would open the door to what I need to do, but I'm nervous this is just another huge mistake. + +I genuinely would love to trade Forex for a living. Really I would. I hope it's possible and I hope to learn a strategy I can wash, rinse and repeat. I love watching videos and live streamers who seem to have a great understanding of what's going on but I wonder if it's really possible. It seems a million miles away but I'm determined to keep learning and trading. + +Reading your *considered thoughts* to this post would be helpful for me and I'm sure others and thank you for reading it. +Oil will stay cheap. + +In an in-depth report on long-term energy trends, OPEC, the 13-member cartel of oil producers, said a barrel of oil would not be worth $100 until after 2040. + +How can you make a prediction for 24 years if you don't know what may happen next week? +I went to Canada the other day and was impressed (sadly) by the convenience of having in-store prices inclusive of tax. The same thing happened when I was in Europe. Which raises the question: why do US store prices exclude tax? It’s inconvenient for the consumer, who has to know and calculate sales tax when picking up the item/at the register instead of just purchasing an item and paying sticker price with no costly mental calculation. + +I am aware that part of this answer may be because other countries have VAT and US taxes also shift from state to state (meaning that a $207 book in NJ may cost $210 in Illinois w tax, for example). At the same time though, it’s literally costless to print tax inclusive price tags, and prices can vary across states. +[This article on Yahoo! Finance](https://finance.yahoo.com/news/why-the-fed-wants-corporate-america-to-have-a-hiring-freeze-morning-brief-100055174.html) indicates that the Fed wants companies to freeze or reduce hiring in order to curb inflation. I know very little about economics, but by analogy this feels like lighting my house on fire because my furnace broke. The lower employment and reduced company productivity seem worse than the inflation. Is this really a tool worth using? Has this been tried before successfully? +MILLIONAIRES. YES, EVEN YOU JOE FUCKHEAD WITH YOUR 1.2 SHARES. YES EVEN ME WITH MY 2+ SHARES. MILLIONAIRES. + +Fucking say it out loud. “MILLIONAIRE.” + +This will be the ONLY bone life will ever fucking throw at us. The odds of the events leading up to this happening are ASTRONOMICAL. LETS TAKE BACK THE DOLLAR. I genuinely believe I will be a millionaire. I genuinely believe we can do this. We can do this. + +WE CAN DO THIS. + +FOR YOUR LOVED ONES. FOR THOSE THAT CANT HELP THEMSELVES. FOR THOSE WHO ONLY HELP OTHERS. FOR THE CHILDREN. FOR THE ELDERS. FOR THE COMMUNITY. FOR US. FOR YOU. FOR ME. FOR GAMESTOP. POWER TO THE PLAYERS. POWER TO US. POWER TO THE APES. + +WE CAN AND WILL BE MILLIONAIRES. ALL YOU HAVE TO DO IS HODL. + +DO. NOT. FUCK. THIS. UP. IT WILL TAKE ALL OF US. + + + + +TO THE MOON YOU BEAUTIFUL BASTARDS + +EDIT: NOT FINANCIAL ADVICE +I’m a 21 year old investor investing in broad market ETF’s and high quality dividend companies. I used to max out my Roth IRA but have recently stopped and started to add the majority of my money into my brokerage account as I believe I will be using money from my investments before I am 59 1/2 years old. + +I was wondering if you guys have any recommendations as to what I should do. I’ve heard of taking money from your Roth IRA before the retirement age with no penalties and I was wondering if anyone had more information on this. Thanks for the help! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +**Edit 30 4:07PM:** + +Will still stream tomorrow, but will be gone between 10am EDT and 11:15am EDT for a midterm so will pause the stream then. + +**Edit 29 4:00PM:** + +Ending around 170.24, down 4.34%. Overall downwards day on low volume. Nothing too crazy. + +**Edit 28 3:21PM:** + +Pretty consistent block of buying volume. Possible confirmation of a bounce. + +https://preview.redd.it/qnl5gccn20s61.png?width=2142&format=png&auto=webp&s=de4e6d236990c3a01193f6990c352ea0f48c1a91 + +**Edit 27 3:00PM:** + +Back for power hour. [https://www.youtube.com/watch?v=8b1HpyHxqa4&ab\_channel=WardenElite](https://www.youtube.com/watch?v=8b1HpyHxqa4&ab_channel=WardenElite) + +**Edit 26 2:42PM:** + +I've sold my tea leaves on ebay and used the proceeds to buy a share of GME. + +**Edit 25 2:38PM:** + +The positive news today has fudged up my timing, but yes, there is a dip cooking right now. + +**Edit 24 2:37PM:** + +SSR is at 160.17. + +**Edit 23 2:32PM:** + +It's really amusing how shorts can drop the price so much with almost no volume. + +https://preview.redd.it/xx7skqhztzr61.png?width=2143&format=png&auto=webp&s=d120e3ec626c2ec161cc8d6251ef966d3a045a80 + +**Edit 22 2:27PM:** + +Maybe I need to spend some money on some premium tea leaves. + +**Edit 21 2:22PM:** + +I guess there is a discount today after all! Thanks Ken! + +**Edit 20 2:19PM:** + +No volume here folks. <60k on average per minute candle. As Uncle Bruce likes to say, "they want to make the stock look awful". + +Honestly the stock looks great to me because I like the stock. + +**Edit 19 2:18PM:** + +My tea leaves have lied to me. + +**Edit 18 2:05PM:** + +Around 10k volume a minute. So low.... A bit higher than yesterday but it's still crazy low. + +**Edit 17 1:47PM:** + +I'm reading my tea leaves right now and it says double bottom. + +https://preview.redd.it/b7ib3pyxlzr61.png?width=2126&format=png&auto=webp&s=eb6ae0c6ab9013a38e22c34e3b234ed5b85779fd + +**Edit 16 1:38PM:** + +GO DROP RYAN A LIKE AND A FOLLOW! + +[https://twitter.com/ryancohen/status/1380212953748676608](https://twitter.com/ryancohen/status/1380212953748676608) + +https://preview.redd.it/f9t6b7ddkzr61.png?width=584&format=png&auto=webp&s=3caae970dfc52b1155e949c89662e6535f1405a5 + +**Edit 15 1:32PM:** + +GME trading like a penny stock again. Such low volume! + +**Edit 14 1:02PM:** + +Prediction for the day: - - - - - - - -> + +**Edit 13 12:35PM:** + +As for option sonar, these puts were sold. So nothing bad. Typically a bullish sign. + +[https:\/\/www.optionsonar.com\/unusual-option-activity\/GME\/latest-trades](https://preview.redd.it/qqrdhue59zr61.png?width=2463&format=png&auto=webp&s=839e09c61f0dbde4d8432d21a01926ba71f291dd) + +**Edit 12 12:30PM:** + +Basically a split itself doesn't trigger covering. But a recall of shares to vote on a split would. Scratch out point B, now that I think about it, they will have covered anyways before the split happens. Correct me if I'm wrong. So the cheaper price shouldn't factor in. However it is good for post squeeze, as retail can buy in cheaply. + +**Edit 11 12:16PM:** + +Let's talk strategy. + +IV seems to have a hard time going any lower. They will likely keep this trading sideways until the next catalyst. + +https://preview.redd.it/rszdaggq5zr61.png?width=2124&format=png&auto=webp&s=df0482e9c06768752a667fadbf65ad026a7c82d5 + +My best guess is **a share recall for a stock split. This is pure speculation but this would be a great move in my opinion. A) it forces shorts to cover. B) (edit) it makes the stock cheap so tons of retail can buy back in post squeeze.** This seems like a perfect infinity squeeze setup as well as a good post squeeze recovery. + +Will we continue to trade sideways into 4/16? Yes that's possible. All for the sake of keeping IV low. This largely depends on if they do a share recall announcement, and when. + +**My best guess for the future, is that IF a share recall is announced, we may see some major action. Most probably sometime between next week and 4/20... blaze it ;) !** + +**Edit 10 12:04PM:** + +Please read the recall post :D + +**Edit 9 11:46AM:** + +Since I didn't have time to read on stream, I read it now and would like you all to do the same, **please read this about contacting your brokers and the share recall:** + +[https://www.reddit.com/r/Superstonk/comments/mmt5rq/420\_share\_recall\_explained\_why\_its\_important\_that/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/mmt5rq/420_share_recall_explained_why_its_important_that/?utm_medium=android_app&utm_source=share) + +**Edit 8 11:28AM:** + +Ok stream is back up, the YouTube editing tools kind of suck. [https://www.youtube.com/watch?v=ih79GhTXRdA&ab\_channel=WardenElite](https://www.youtube.com/watch?v=ih79GhTXRdA&ab_channel=WardenElite) + +**Edit 7 11:21AM:** + +**New support added at 174.** + +We seemed to have bottomed out. + +https://preview.redd.it/zevyu0qxvyr61.png?width=2133&format=png&auto=webp&s=3830a361094f2988e5332868bf8b2a43ebabacad + +Edit 6 11:20AM: + +Gonna just trim out the roofing hammering parts so I've made the stream inaccessible for a bit. I'll have it back up later today. + +**Edit 5 10:26AM:** + +Seems it's the 40% chance option. I don't think we will get a 5%-10% discount, but we can dip further. + +https://preview.redd.it/lnhymrn2myr61.png?width=2141&format=png&auto=webp&s=02b85e043a09344bfeea7bb8d5b052f1a352c4e7 + +**Edit 4 9:56AM:** + +We'll likely see an ascending channel soon. 9:50AM seemed to have happened. + +https://preview.redd.it/lnxv7ugrgyr61.png?width=2136&format=png&auto=webp&s=48e9969642977fdb9413a14ccf88818b54cf22b3 + +**Edit 3 9:45AM:** + +Important points on the Form 8k. + +https://preview.redd.it/ockx8geseyr61.png?width=1934&format=png&auto=webp&s=c88b95369ad623ccc8c307a94a964bd6319dfef5 + +**Edit 2 9:34AM:** + +Swing traders exiting at open. Nothing too crazy. Almost 1 million volume first minute. Pretty decent volume. + +https://preview.redd.it/n0cpc8dtcyr61.png?width=2135&format=png&auto=webp&s=7d95cd8f08e4ceea52b3da7814e10750d5c53902 + +**Edit 1 9:18AM:** + +Sorry **I will not be streaming today**. My neighbors are doing roof repair and it's loud as heck. They are straight up replaced their entire roof so there's going to be banging and sawing all day. + +**EDIT NEVERMIND** [https://www.youtube.com/watch?v=ih79GhTXRdA&ab\_channel=WardenElite](https://www.youtube.com/watch?v=ih79GhTXRdA&ab_channel=WardenElite) + +# Begin Reading Here + +Gooooooood morning my beautiful silverback apes! + +Ah yes. The 10% odds have hit. **No discount today my friends :D** + +To quote myself: + +>Forget options chain, forget TA, what's coming soon is **a chain of business maneuvers that can push the price.** So whether that be a share recall, **a change in leadership**, big business changes are underway. Eventually we'll likely walk out of the eye of the storm, and get flung into the sky and catch a rocket to the moon :D + +Looks like Cohen and Grube have just leveled up. Melvin and friends' plan to short today just got STOMPED. It's like Cohen picked up the invincibility power up and now he's stomping the hell out of the shorts. + +https://preview.redd.it/167dakyi9yr61.png?width=1200&format=png&auto=webp&s=e0596a9fc2522a37d3bcebfad0c9c7f0d7c8a12a + +# Premarket Analysis + +I mean holy pepperoni pizza. Just look at premarket. + +https://preview.redd.it/wd9wpq5q9yr61.png?width=2134&format=png&auto=webp&s=e59ea75bb76f47a87ba7fe00e5e5c1dde814ab54 + +Enjoy a good day of trading my friends :D +So my TFSA & RRSP are maxed out with XEQT. My next step is to open a taxable account, and I'm wondering if I should just keep going with XEQT, or if I should do something different? + +Also, at what amount of money invested is XEQT no longer the ideal choice? Like if I have a million invested, should it be all in XEQT, or are there better options? +From my humble beginnings trading one year ago, ASX\_Bets has helped me understand what it takes for a company to moon. I love this community and seeing as it is my cake day, I want to give back. I want everyone to have multi-baggers in their portfolio. So here is some more DD to help you understand $DW8 Digital Wine Ventures future growth prospects... + +# ABOUT + + " **Digital Wine Ventures Limited (DW8,formerly Dawine Ltd) is an Australian Publicly listed company that aims to identify and invest in early stage technology-driven ventures that have the potential to disrupt and digitally transform segments within the global beverage market and support them by providing access to capital, expertise and shared services. WINEDEPOT is DW8's cornerstone investment.** " + +&#x200B; + +# DD + +There have been a few DD posts in this subreddit I hope that no one has missed. Please read them to understand who Dean Taylor (the CEO) is, how the business makes money, why the share price was stagnant for six months, how the Chinese tariffs doesn't affect DW8, The B2B platform (important!) and a little bit about stock options. + +r/shadowpheonix2 DD [https://www.reddit.com/r/ASX\_Bets/comments/lk4r65/dw8\_and\_why\_you\_should\_own\_it/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/lk4r65/dw8_and_why_you_should_own_it/?utm_source=share&utm_medium=web2x&context=3) + +r/mrstaunch22 DD [https://www.reddit.com/r/ASX\_Bets/comments/lnwuhw/dw8\_the\_write\_up/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/ASX_Bets/comments/lnwuhw/dw8_the_write_up/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +B2B Platform + +&#x200B; + +Dean Taylor proposed a B2B model that would add value to the companies customers. The platform was to be released around the share price's peak at $0.06 however, the platform was delayed to March 2021. The platform had a soft launch to test out the system and work out any kinks before an Official launch in April 2021. I believe r/mrstaunch22 describes the platforms benefits perfectly so I'll quote that portion of his DD below... + + + +**"Well, the B2B model proposed by Dean Taylor, CEO of DW8, has the potential to be absolutely massive. In a nutshell, the goal of the B2B platform is to simply the process & maximize the efficiency of bars, restaurants, clubs or any other venue's which stock not only wine, but any alcoholic beverage (this is the long term goal).** + +**It allows venues to...** + +* **Monitor their stock levels real time through the Wine Depot app** +* **Access a broader range of products at heavily discounted prices, increasing their profit margins while keeping their prices the same** +* **Automatically re-order diminishing stock - No minimum order size!** +* **Flexible payment and credit options to help with cashflow management** +* **Analyse real-time data - This allows them to see long-term sales trends that would have otherwise potentially gone unnoticed** +* **One invoice for all - There isn't a single bar in Australia that only stores one or two different brands of alcoholic beverages. They may store 20, 30, 40 or 50 different types as a bare minimum. From an accounting perspective, it is extremely annoying to monitor stock levels, make sure invoices are paid and most importantly know exactly when to re-order to receive the goods on time (E.g Supplier A takes 2 days to process the order and 5 days for delivery, while Supplier B takes 1 day to process the order and 10 days for delivery)** + +**All of this is done through one simple app."** + +&#x200B; + +# Partnerships + +DW8 has recently partnered with Bibendum, Vivino and signed a MoM with Ebay. All in the space of 3 MONTHS! Here some exerts from DW8's partnership announcements... + +# BIBENDUM (partnership) + +"Bibendum is one of Australia’s most successful fine wine and beverage distribution businesses, with a strong focus on imports of highly sought-after ultra-premium labels from Australia, New Zealand, France, Italy, Spain, Portugal, Germany, Austria, Hungary and South Africa. In addition to the 160 local and international wine producers that they represent, Bibendum also stocks a range of craft spirits from the UK, Scotland, Ireland, Japan, USA, Mexico, Italy, France and Australia which are sold via their Bibendum Bar business." + +# EBAY (MOU) + +" Digital Wine's CEO Dean Taylor is confident that a partnership with eBay would help local producers generate incremental sales to consumers, not just here in Australia but also over time in other global markets as WINEDEPOT develops capability to drop ship orders internationally " +" Orders generated from eBay will be picked, packed and delivered by WINEDEPOT, allowing eBay's 12 million unique monthly visitors2 to purchase from multiple suppliers at the same time, while taking advantage of same and next day delivery services in locations where those services are available. " +" Since launching in Australia in 1999, eBay has evolved from an online auction house to Australia’s number one shopping site with 40,000 Australian retailers. Two out of every three adult Australians now visit the site each month." + +# VIVINO (partnership) + +" Digital Wine Ventures (DW8 ASX), or the “Company”, is pleased to announce that WINEDEPOT has completed the technical integration and onboarding as part of a partnership with Vivino, the world's most downloaded mobile wine app and largest online wine marketplace. " +" The partnership between WINEDEPOT and Vivino allows producers to generate higher margins and take control of their brand within the rapidly growing sales channel. Currently the majority of wine sold on Vivino in Australia is through a network of partner retailers. " +" Vivino recently announced that it had raised USD 155 million to expand its presence in key growth markets globally and improve its technology. " + +&#x200B; + +As you can see, DW8 now has access to a much larger customer base as well as premium and highly sought-after beverages. + +&#x200B; + +# SALES + +[Most recent monthly company update](https://preview.redd.it/2b2t15opqiq61.png?width=625&format=png&auto=webp&s=6f7332e602f0882d4fa34fb6bb0a0d914aaf91d2) + +I believe this graph speaks for itself. However let me explain the last 3 months and tell you what will happen on the 9th of April. +In December we saw a huge influx of total cases shipped as it was Christmas and COVID was keeping everyone inside, leading alcohol consumption. This was followed by January lull which is quite common for retailers as customers spent their money over the holidays. February started to kick back into gear as COVID started making itself scarce in states like VIC and NSW. +DW8 partnered with VIVINO on the 15th of Feb so I believe we will start seeing revenue in March and April. Winedepot's partnership with EBAY and BIBENDUM was in March so it will take some time to see the results reflect in future company updates. Personally, I expect over 28,000 cases shipped in March and results continuously compounding as we see DW8's partnerships start to take effect. + +&#x200B; + +# Revenue + +&#x200B; + +[Half Yearly Accounts for period ended 31 December 2020](https://preview.redd.it/loz7rthjxiq61.png?width=581&format=png&auto=webp&s=2c5f6d0605f9a015e65a5b6792ff9d3534e3ef10) + +&#x200B; + +[Financial Position & Operating Results](https://preview.redd.it/dopfj9pyxiq61.png?width=441&format=png&auto=webp&s=29b16759cf97f038cdc00d9e25ad7ecbf7c05a52) + +&#x200B; + +[Quarterly ended 31 December 2020](https://preview.redd.it/dc3o3z9uyiq61.png?width=461&format=png&auto=webp&s=2a1e3e76e61d6a180d05a8812675c779a0e4b00a) + +Net loss is largely attributed to share option agreements and partnership deals. In this report, DW8 quotes " The Company will continue to pursue its principal activity of expanding WINEDEPOT as outlined under the heading ‘Review of Operations’ of this Report. " + +DW8 had cash equivalents of $6.8M at end of half year 31 December 2020. Bibendum partnership cost $2.9M in shares. No expenses as of yet with the Ebay MOU, Vivino to my understanding wasn't given shares. 12.245 Million options were exercised giving DW8 an extra $367k. I am by no means an accountant but I estimate DW8 to hold $4m + in cash equivalents which gives plenty of room for more partnerships and/or acquisitions. + +DW8 HAS NOT FINISHED THEIR EXPANDING PLAN! + +# RISKS + +DW8 company update may not hit on April 9th. + +B2B Marketplace official launch may be pushed back. + +The Memorandum of Understanding with Ebay isn't guaranteed to bring any new customers or help advertise the brand. I wish they had a more concrete partnership and Ebay to assist a proper marketing campaign for DW8's services and products. + +The share price has climbed 200%+ in the last month. However I do believe the Market has correctly priced this in so far. I think $0.15 is fair price until we start seeing results from partnerships. However the market may disagree and the price can reflect profit taking. + +&#x200B; + +**DISCLAIMER**: I own 18,518 shares at $0.056 currently up 205% at the time of writing +TL;DR: rare earths go brrrr; IXR has a massive easy to mine deposit which will make the stock price go brrrr too. + +Update: independent research report calling this the holy grail of REE deposits. See [here.](https://www.hallgartenco.com/pdf/RareEarths/IonicRE_March2021.pdf) + + +So here goes my first YOLO and DD all in one. + +Who ever it was that posted a request to be told about a YOLO before it rockets, here it is. + +We all know the value being placed in speccy miners right now, but i think IXR (Ionic Rare Earths) is one that has been really overlooked. + +**So much so that I've gone for a $50K YOLO on them.** + +&#x200B; + +https://preview.redd.it/qussau89opm61.png?width=985&format=png&auto=webp&s=d8615e62215fb3d14c42d4ae1a8f063789d71ab6 + +Heavy and Critical rare earths are in all the cool new toys that we all use every day and the ones we love the idea of going forward. + +They are used for everything from iphones to wind turbines to fighter jets and are critical for the creation of electric cars. + +**Market opportunity:** + +The vast majority of the rare earths trade comes from China, who have said two things recently: + +1. They have a dwindling supply compared to what has been available over the past 40 years. +2. They are going to prioritise supply into their domestic market + +When this was announced you saw companies such as Lynas jump 10% as non china suppliers will become crucial going forward. + +&#x200B; + +**So where does IXR fit in:** + +IXR have a huge Ionic clay rare earths deposit in Uganda. + +These deposits are the same type of deposits that are mined in Southern China. + +IXR recently announced a major upgrade (300%) of their resource estimate for the deposit and have flagged that nearby tenements they are still drilling into have the possibility to increase the overall size of the project another 50% (So 450% above original estimates). + +See here: [https://smallcaps.com.au/ionic-confirms-boost-makuutu-rare-earths-resources/](https://smallcaps.com.au/ionic-confirms-boost-makuutu-rare-earths-resources/) + +&#x200B; + +**Why are they undervalued:** + +Unlike most other non-China rare earths companies, Ionic clay deposits are very easy to extract as they are effectively already separated from rock through natural methods. + +The deposits are just below the surface. You'll note in the docs below that most drilling was down only 17m. Compare that to oil/etc etc that often need to go down kms. + +So that makes ionic clay deposits incredibly cost effective to mine with a massive margin. + +Couple that with the increasing cost of Rare Earths it makes the IXR project very compelling. + +Further, the MD has also flagged there is the possibility to produce Scandium from the same mine, setting up a second significant revenue stream. + +Checkout this comparison from SetFireToTheHive (who i think is well known on hotcrapper) which shows the relative margins on ionic deposits vs those embedded in rock and you can see the massive difference in margin. + +[https://twitter.com/setfire2thehive/status/1364479875118112769](https://twitter.com/setfire2thehive/status/1364479875118112769) + +Compare the margins between VLM and IXR and you can see how undervalued IXR is, noting that VLM has a roughly 50% higher market cap at the moment. + +You can also see it called out here: + +[https://stockhead.com.au/resources/whos-leading-the-race-to-join-lynas-as-australias-next-supplier-of-rare-earths/](https://stockhead.com.au/resources/whos-leading-the-race-to-join-lynas-as-australias-next-supplier-of-rare-earths/) + +Further, IXR has just done a $12m cap raise which landed late Feb at 4c a share (Current price is 4.8c) so they are fully funded through to end of 2022 and the bankable feasibility study and mining licence application. + +**Management Team:** + +They have a whole bunch of guys I've never heard of with very impressive LinkedIn pages that show experience in bringing these types of projects to production. + +See: [https://ionicre.com.au/why-ionic/leadership-team/](https://ionicre.com.au/why-ionic/leadership-team/) + +But what really sells it for me is that the management team has a 10% stake in the company, which means their interests align with ours. + +In fact in the video linked at the bottom you can see the MD talk about their cost management and how they are doing everything they can to make the most of every dollar. So far they have succeeded spending only $4m to get to this point of an approx $150m market cap. + +&#x200B; + +**What are the risks:** + +It's in Africa. + +That was the first thing that came up here, however i think this is a perception issue more than a practical one. + +The deposit is in close proximity to tier 1 infrastructure, including a major rail line and port to be able to ship the product all over the world. + +Further, their holding is through a ugandan company which includes ugandan nationals which have links to government and decision makers. This could mean they are greasing their palms, but the end result would be the same. + +Also, these projects provide major employment opportunities to local communities so there is strong government incentive to get them going, and it's unlikely ScoMo will pop up at a press conference and say he doesn't like the project on a whim. + +It's still early. + +Production is slated for start of 2023 and alot of shit can happen in two years.But that is also why now is the time to jump on. At production, it's a $1b+ company, so at a current $150m ish market cap, it's a 5-10 bagger easily within 12-24 months. + +But once the scoping study is out (See below) there is no way it will stay around the 5c mark that it's at today. In fact any buy under 5 is a steal. + +Rare earths prices can fluctuate. + +Yep, in the past rare earth prices have fluctuated wildly, but that was before we planned to ban ICE engines and swap to electric cars, or before we were shutting down coal power plans and building wind turbines everywhere. + +As the demand for these minerals sky rockets, so will the price (as it has already), and you'll see far less fluctuation in market price. + +&#x200B; + +**Why is now the time to jump in:** + +The resource estimate saw a major jump in SP followed by a pull back most likely because of the CP sellers getting out and/or short term profit taking. + +The price is now back to pre resource upgrade levels (which is crazy) suggesting some of it was priced in. + +However, what is definitely not priced in is the financial scoping study which is due by the end of this month. + +We know the scope is complete because the company that did it posted it on linked in, so it could drop any day now. + +[https://www.linkedin.com/company/newpro-consulting-engineering-services-pty-ltd/](https://www.linkedin.com/company/newpro-consulting-engineering-services-pty-ltd/) + +Watch the video below and you'll see the MD talk about the scoping study giving the market the "true sense" of the value of the project. My view is that this will have a major re-rate once that study goes up and the market obsorbs it. + +[https://cruxinvestor.com/videos/ionic-rare-earths-ixr---13m-delivers-feasibility-study-by-ye21](https://cruxinvestor.com/videos/ionic-rare-earths-ixr---13m-delivers-feasibility-study-by-ye21) + +I think it's highly likely the SP will run to 6ish on the expectation of the news and into the 7s and 8s (at a minimum) once the scope is released showing just how profitable the ionic clay deposit will be. + +If they release further drill results increasing the size of the deposit, that would also see the SP jump. + +Lastly, if the above hasn't helped, do a search on twitter for $IXR. you'll see a number of popular twitter traders posting about the potential for IXR and the massive opportunity it has infront of it. + +Anyway, hope that helps everyone. It was great to put down on paper just to solidify my own thinking. Hopefully it helps someone else. +There used to exist a website called "maxprofit.io" that would allow you to type in the stock, price you think it is going to, and what time you think it will happen. Then it would list 5-10 options that would give you the maximum profit based on those conditions and the ROI with them. + + +That website went down a long time ago and I could never find a replacement. I know about optionsprofitcalculator.com but am curious if there is a website that would take all the hardwork out of searching for the maximum returning option per your conditions instead of searching one by one on options profitcalculator.com. +A recent post linked to an article about how "millionaires" are hoarding wealth. And this is somewhat true. But of course most wealth is held by people with a LOT more than a million dollars. + +I made the claim and some disputed it, that a million dollars is basically a normal middle class retirement stash. +(EDIT: I want to be specific about what I mean by this. I *don't* mean that it's average. Of course it isn't. The stats I quote in the next paragraph make that clear. What I mean is that it is in the *range* of what normal middle class people save. Most of the people who have a million (at age 60+) are normal middle class people, as opposed to the uber-rich or silver spooners. It requires neither an above average income, nor an unusual level of frugality, just consistent savings from an average income over a typical working life, and *many*, if not most, perfectly regular folks do it.) + +Only 10% of the population has a net worth of 1 million or more. And only 20-30% of age 65+ households. And it's an even smaller group if you don't count home equity. So not everybody is a millionaire! It's still a lot of money. + +And of course that's very true. But 10% is a LOT of people. Think about all the people you know. 1 in 10 could be millionaires. The top 10% of anything are not super unusual, or out of reach living in guarded enclaves, but probably around 1 in 10 of our neighbors, friends and family. + +Here's the really dramatic part which even surprised me. [Look at what percentage someone who earned the median income every year of their working life would need to have saved to get to 1 million by now](https://docs.google.com/spreadsheets/d/13QhFWaJtzioW2-PghvLIqydGV3gCsPafWD4mdSilet4/edit?usp=sharing). The link shows the calculations so you can examine what I'm doing and copy it to play around with different variations. + +Here's a table of start years (ending in 2018) and savings rate, and what that household would have at the end of 2018, with a 70/25/5 stock/bond/cash portfolio the whole time, rebalancing at year end: + +Started working|Years worked|Savings Rate|End portfolio value +:--|:--|--:|--: +1973|45|7%|$1,057,193.60 +1978|40|10%|$1,033,717.76 +1983|35|15%|$1,016,774.04 +1988|30|23%|$1,020,689.73 +1993|25|34%|$1,000,828.19 +1998|20|45%|$999,026.51 +1978|40|15%|$1,550,576.64 +1973|45|20%|$2,819,182.92 + +Remember this is earning the median household income every year. For traditional retirees, these are not just very manageable but perfectly *normal*. If you work 40 years, it's only 10%! Consider that in a lot of 401k plans, that's close to the *default* now, to contribute 5-6% of pay and get a 3-4% match from the company for 8-10% already. Do just that much for 40 years, invest it reasonably, and BOOM -- a million dollars. 10% is NOTHING. You don't need to ride a bike to work or live on lentils and rice or grow your own vegetables or never go out or any of the other stuff that people do to get to 50% or 70-80% savings rates. You only need to do any of that stuff to get there *quickly*. + +So, the big caveat here is the assumption that you don't have any long unemployment spells or big emergencies, etc. But that's still a pretty big share of people. And they are regular people. Middle class people. This is what it takes to save 1 million on the middle-est of middle class incomes. + +Tell me again that 1 million is not a middle class retiree. +EDIT: I just wanted to say, these answers have helped me more than I could have imagined. I'm so incredibly grateful for your experience, advice, and taking the time to provide input. Thank you all so very much. + + +I was very fortunate and FIREd early, before 30 years old. I spend maybe a couple hours a week checking in on things, but I've been unnecessary in my passive income for a few years now (even if I wanted to spend more time managing, it would be pointless). The last couple years I have passed the time focusing on family and pets, watching shows, researching purchases, playing games, all the things I couldn't dedicate time to when I worked all day. + +It seems so ridiculous, but I'm in a rut. I don't want to sit in front of a screen all day until I die. I don't want to travel, and can't travel for a few more years anyway due to my numerous pets. I pick up hobbies but still feel no interest in them. I picked up instruments, pottery, puzzles, sports (golfing, shooting, tennis), going to local plays and restaurants, nothing is sticking or consistent. + +I feel insane, immature, and ungrateful. This was the whole goal of FIREing, but I've never felt less interested in having free time. There's little motivation to do anything if there's nothing to work towards. Those of you with a lot of time on your hands, what do you fill your day with? What do you look forward to? Thank you for your input. +It hasn’t felt like the best thing because your frustration and your sense of injustice were both strongly activated, and those are two of the most painful psychological states to bear. + +In behavioral terms frustration is the result of not getting the expected reinforcement from a repeated behavior. In this case smashing the buy button repeatedly is supposed to make the price go up. In training circles when a behavior stops being reinforced in any way it’s called extinction, and it’s the most effective way as a trainer to make an undesirable behavior from the subject disappear. + +But in the GME case a deep seated sense of injustice rose up at around the same time as buying behavior was being subjected to extinction, because anyone with open eyes saw and continues to see the market manipulation. + +So we had two potent psychological forces at work, one behavioral and one existential. While these forces both evoke painful feelings they actually worked in opposition to each other since repeated frustration compelled giving up, non-buying behavior while that sense of injustice compelled continuing the struggle buying behavior. I guess their sophisticated quants weren’t able to capture that duality. + +Obviously the buying behavior won out, and as we stand here on the precipice of the moass it’s worth remembering that while the emotions evoked may have been painful at times, rationally speaking what the opposition has put us through has only strengthened us and put the vast majority of shares directly into the hands of diamond handed apes. That knowledge should evoke joy and hope, not frustration or despair. +This is the official $GME Megathread for r/Superstonk. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. 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Any reviews? +I’ve been slowly pouring money into the market over the course of 6 months with the intention of never selling, since I don’t really understand the concept of profit booking unless you’re actively trading or rebalancing every week/month. + +My goal was to 10x my money by 2030 which I already thought was over ambitious since the rally of Covid will eventually die down and stocks without proper fundamentals will fall hard. And I’m basically buying at ATHs. + +I was recently told that 10x is a stupid goal and I should be aiming at 100x in 10 years because India is now in the growth phase and despite precorona being the longest bull market, it won’t die down. That itself seemed a noob statement to me, but I did get to wondering. Is 10x as a long term goal not ambitious? Are there any stocks that will definitely go higher than 10x over that course, even if they don’t reach 100x? + +Logically, there have to be since even HDFC bank which seems like a super conservative and safe stock 10xed over the past 10 years. Then there’s MRF. + +So, what are your Uber long term plays? I say 10 years since that’s my shortest long term timeline +So I had a thought today… eventually when the majority of cars on the road are electric (a long way away in Aus due to conservative dumb government), highways will be significantly more desirable to live near - there’ll be less noise as electric engines are quieter, and far less pollution due to no exhaust. + +Could this cause a small boom in prices of houses very close to busy roads? I think it’s a real possibility. Keen to hear your thoughts. +House didn't sell at auction, didn't meet the reserve. House sat on the market for two months. One or two buyers remained interested. Agent said it was about to sell and it would go to the best offer. We made a good offer. THEN agents says he will tell other parties our offer and suggests we can sit down together and have a "quiet auction". He's overtly playing the interested groups against each other to raise the price, EVEN THOUGH it already didn't sell at auction. + +This is poor form and he's telling fibs left right and centre but what can we do? Is there some rule against this? +**TITLE SHOULD READ: BE WARY OF YOUTUBERS. I’M NOT SAYING STOP WATCHING THEM BUT BE CAUTIOUS. BE ALERT. ESPECIALLY AFTER THIS WARDENELITE DRAMA.** + +Please be a friendly ape and remind your fellow apes that watching or following youtubers right now is a very bad idea. They can easily be bought and can easily make people paperhand. Just by their actions and expressions, they can spread deep internal FUD. + +Watching a potential shill during the MOASS is akin to watching someone puke in front of you after you've both eaten the same food. It will be hard to hold it in. The only difference is this guy's being paid to puke and you've actually eaten delicious tendies. + +Most APES are diamond hands at this point, but there are a few lil' APES who need our strength and support to continue to HODL. + +**Never lose sight of why you bought, why you hodl and why you voted.** + +EDIT 1: APES, be vigilante is all I'm saying. Anyone doing this for money outside of GME tendies should be looked at with a bit of skepticism. They could potentially be paid off to shill, we don't know. The upcoming levels are going to be harder and harder so be wary of FUD and stay true to the reason we're here. APES BUY, HODL and VOTE. + +EDIT 2: For example, WARDEN was one of the mods and some people looked up to him. Look at the mess he left behind this weekend. Stay vigilante. NO SINGLE BETRAYAL IS WORTH THE ENTIRE APE COMMUNITY. APES TOGETHER STRONG, ALWAYS. + +**EDIT 3: Watching Matt Kors right now and he's not even talking about GME, he's just focusing on AMC.** + Hi! I've recently started to research ML methods for trading strategies building. I tried to read scientific researches, sometimes it's quite difficult, maybe someone can provide me with relevant simple articles? I trade crypto, therefore ML for cryptomarket would be perfect. +UPDATE: couldnt come to terms on the price, and the city was being extemely wishy washy on my ability to get permits around wells and spetic so I decided to hold off for another deal/town + +&#x200B; + +&#x200B; + +Edit: Thanks everyone for the constructive feedback. I have added a few due diligence calls to my research plan. I will post an update if/when I end up acquiring the land! + +&#x200B; + +&#x200B; + +&#x200B; + +Tear my idea apart if you wouldn't mind... + +50 Acres of wooded land with utilities running up to the property edge and a large river running along the boundary. There is an asphalt road that has been run (off a major city road that is maintained) from one edge of the property to the other. There are currently 7 obvious places on the property to build cabins that are out of the flood zone on flat ground where a gravel driveway can be easily run up to them from the main road. I have already called the city zoning office and confirmed it is acceptable to get it zoned as needed for this idea, and the utility company confirmed I am also all good to get them to run what I need to the property edge so I can do the rest myself. + +The numbers (These are assuming I do the majority of work myself) + +**Land** \- 225k (There is a 2 acre chunk that is useless that I will sell off to home owners that have properties backing up to it hopefully for like 25k) + +**Utilities**:**Electric**: 15k to run electric from the main grid to each future cabin site (would only make one site live so I can begin building. + +**Water**: 5k per well for each property + +**Septic**: 5k per cabin + +**Cabin**: I can build the first cabin for around 15-25k and have a fully functioning cabin with bathroom/kitchen and then will make them bigger/nicer and invest around 30k/ once I have proved out the idea + +&#x200B; + +There is nothing else like this easily available for rent within an hour of my mid-size midwest city and looking at Airbnb/VRBO Comps I should be able to rent it out 180 days a year for $150 giving me 27k in cashflow a year to payoff the cabin after 18 months and then begin fully covering the land mortgage within 24 months of closing. + +I am not trying to become a millionaire off this investment as it will mostly be for fun and would be nice to break even on this vacation property investment, but if I can build 5 cabins all bringing in 25k/year suddenly life is pretty good and my retirement home will build itself after like 15 years(and I won't have to build it myself, haha)? + +Anyone ever try this before? I would be going for super instagrammable cabins as well because it would make marketing easier..... + +Also it will be 15 minutes from a college that has around 5k students... +Hi all - I was very hesitant about making this post because (a) it felt braggy, and (b) I’m wary of having too much personal info, even if anonymous, out there on the internet. + +But what pushed me do it was seeing yet another casually sexist comment on /r/personalfinance about girlfriends taking your money. I’m tired of generalizations (especially in places where the demographics skew male, like finance subreddits) about women being obstacles to a man’s FI journey at best, or high-maintenance gold-diggers at worst. So I feel obligated to be a visible example of a FI-minded woman, and to add another female voice to the FI conversation. + +**TL,DR:** + +* Super fortunate in many ways. Graduated debt-free from a top school +* Investment banking → tech (but non-engineer) +* \>60% savings rate in a VVHCOL city - live comfortably but intentional about spending +* 5 years after graduation: $750K net worth (\~$300K in post-tax Roth retirement accounts), and total annual comp of \~$275K (excl equity) +* Net worth growth came both from increasing income (switching companies, getting promoted) and from healthy investment returns throughout + +[Net worth over time chart](https://imgur.com/a/VJ7p1B1) + +[Summary table of income and net worth over time](https://imgur.com/a/FzeTRlZ) + +*Note that the years aren’t totally representative of my actual annual incomes because job transitions and promotions have tended to happen in the middle of year.* + +***My story*** + +* **I was super lucky, in a lot of ways**. I had a middle-class upbringing but my immigrant parents both worked full-time and taught me the value of education and of saving money early on. We always spent below our means. +* **My upbringing and debt-free education = single biggest driver of my financial success thus far.** My parents also paid for my college education so I graduated debt-free from a top university (one of Harvard/Yale/Princeton/Stanford). I amassed a small starting stash of \~$20K by graduation from working paid internships during every college summer (and investing my savings). +* **I started my career in investment banking, then transitioned into corporate strategy at tech companies**. Initially I took a pay cut in leaving finance, but have since grown my income comfortably - and it was worth it solely for the higher quality of life (i.e. not working 80 hours/week in a soul-crushing grind, surrounded by very rich yet deeply unhappy people, adding little discernible value to society). +* **I currently live very comfortably in a VHCOL city**. I eat well, take plenty of vacations, rent a nice apartment, buy myself small luxuries, etc. - but am intentional about spending my money where I feel it most improves my wellbeing. +* **My savings rate is currently >60%**, which includes maxing out retirement contributions. I acknowledge this is also only possible because I’m young and don’t have any dependents yet (my boyfriend is a software engineer and does fine, though I’m proud my income/NW are higher than his) - if I have kids in this city in the near future, my expenses will definitely skyrocket. + +***On investing*** + +* Investing has been a major driver of my net worth growth: **\~$275K of the $750K NW is from investment gains made over the last 5 years.** +* I’ve invested all of my extra money (excluding 6 months emergency savings / small amount in checking) since I was in high school. +* Passive investing is objectively the best approach for the vast majority of people. About ⅔ of my net worth is passively invested in diversified low-fee index funds / ETFs. +* However, I enjoy active investing and doing the research, so **about ⅓ of my NW is invested in individual stocks**. My actively invested portfolio has made substantial returns over the last 5 years thanks to several investments that have doubled, tripled, up to 9x’d - like NVDA, NVCR, SQ, TWLO, CRM, etc. Given that I’m young and have a very long investing horizon, I’m okay with having a somewhat higher level of risk in my portfolio from these individual stocks. +* **I also basically never sell my investments** \- have never tried to time the market, never sold because I thought it was about to crash, etc. It’s worked out pretty well for me, with my 5Y annualized return beating all market indices in the same time period - time will tell if that’ll continue to be true. + +***Reflecting / looking ahead*** + +* My target milestone is to hit **$1M net worth by 30**, which looks quite feasible at my current income and assuming my portfolio/the market doesn’t tank in the next 2 years. +* Getting to the first $100K really is the hardest - it just keeps snowballing from there, and your NW increases faster and faster... I only made a post about hitting $500K \~4 months ago! +* **I don’t count illiquid equity in any of my projections**. Even though it might turn into a big payday if my current company goes public, for now, I treat it as imaginary money. (If it does become liquid, then my path to FI will accelerate substantially, given I have high six figures in nominal equity value, both vested/unvested.) +* **$2.5M is my fat-FI number**, but I’ll probably keep working after I hit that. But who knows - if I get married / start a family / have kids, maybe my priorities will change. +* Leaving finance for tech was a big leap for me, in part because staying in finance was the path of least resistance / most prestige / highest comp. I could have left my top-tier investment banking job for a role in private equity / hedge funds / venture capital instead, and been making $300K+ comp as a 24-year-old (as many of my banking peers did). Taking a pay cut to go to a startup felt risky and uncomfortable at the time -- but I have no regrets, looking back. Leaving finance made me happier, healthier, and a better and more interesting person; even if it also meant a slightly longer path to hit NW milestones, I’m still doing just fine. The tradeoffs were more than worth it. + +If folks have other questions, happy to answer them. I’ve mostly lurked on this community but appreciate the helpful info & discussion I’ve read here, so happy to try to contribute in turn. +I just closed on a four-unit multi-family through an FHA owner occupy loan and still have some cash left over. This is my only property. I'm wondering if, were you in my shoes, you'd hold for a while, or try to purchase another with a commercial loan (if you think I'd even be approved). Note that I am keeping rents significantly under market due to the current regulatory landscape, so please don't be too critical of the (lack of) cash flow, at least as I occupy it. + +**Relevant Property Info:** + +Building Purchase Price: $615k with 45k down + +* Class B, growing city in Northeast, \~6500 sqft +* Monthly Mortgage: $3150 +* Property Management, Water, est. Maintenance, Insurance, Taxes: \~$1,700/mo +* Building Rents: \~$3500/mo across three units once new leases are drawn up (note: this doesn't include rent for the unit I'm occupying, which would bring it to \~$5000. I'll ultimately bring them slightly below market, which would probably be $6000-$6500/mo including my unit) + +**Relevant Personal Info:** + +* Income: \~100k/yr +* Debts: None aside from above +* Single and No Kids +* Leftover cash on hand: \~$90k +* 401k: $40k + +My general plan is to build a portfolio of 3-5 multi-families or so (one building every 2-3 years), and slowly pay them off and bolster my retirement through that passive income. Ideally they are all paid for by the time I retire. I do not expect to be able to purchase all of these at my current income level, but hopefully will be able to as I ultimately marry my partner and my personal income grows. + +What would you do? Give it a bit of time before purchasing another place? Or would I not even qualify if I tried? An alternative is to sink the cash I have into renovating the place, but I doubt I'll see much of a return on it. I could also just put the cash into stock or trading accounts and sit and wait, which I'm certainly happy to do. I don't want to rush; but I also don't want to be too timid, especially since the next few years will be the cheapest I'm likely to live for some time. + +Thanks in advance. I'll try to reply quickly to comments. +Hello there r/investing! + +I've been lurking around on this subreddit for a while and just started out investing. I like the idea of spreading so I invest periodically in multiple ETF's. What I'm trying to get my head around though is why the Russian stock market *(CAPE: 7.0, P/E 5.5)* is valued so low in comparison to the US market *(CAPE 30.6, P/E 20.3)*. Could you guys help me out here? + +[https://www.starcapital.de/en/research/stock-market-valuation/](https://www.starcapital.de/en/research/stock-market-valuation/) +It seems like everyday now there’s a new post about someone selling all their stocks because of something President Trump says, or new posts full of concern trolling with little to no investing content. I get it, he’s plainly unconventional and isn’t a herald of stability. If that comes as a shock to you, frankly if anything he says or does comes as a shock to you, you haven’t been paying attention during the last 2 years. His platform hasn’t magically changed overnight, and tariffs did not just spontaneously fly out of left field. + + +Politics is an awful, awful, awful determinant in investment decisions. Warren Buffett has time and time again repeated that sentiment, and if you think you have a better investment dogma than Warren Buffett then hats off to you, but I’ll take his word over anyone else’s. + + +No one knows where this market is going. If they claim they do then they are lying to you. All you can do is stick to your investment philosophy and risk tolerance and go from there, but I implore you to take the advice of Warren Buffett and leave politics out of your investment decisions. Good, profitable businesses will continue to do well despite those circumstances. + + +OP here: [https://www.reddit.com/r/fatFIRE/comments/gbk3nu/from\_welfare\_to\_1mm\_at\_31\_first\_fat\_milestone/](https://www.reddit.com/r/fatFIRE/comments/gbk3nu/from_welfare_to_1mm_at_31_first_fat_milestone/) + +20 months ago, I crossed $1M in net worth and got a ton of love. Wanted to share an update it's EOY and been quite the ride since May 2019. Some updates - + +Fortuitously, the startup I worked at was acquired and I made a hefty 6-figure return on my options. Between that and COVID forcing full remote by May 2020, my wife and I left the Bay Area for another state. As you've probably experienced yourself, real estate equity appreciated fast which worked out well for us. + +I kept my saas sales job and made a lot of cash in 2020 and 2021; both years were >$500k W2s so we bought an apartment building in the midwest for cash-flow and to "test" out of state REI. + +Ultimately, our net worth has ballooned from $1M to $2.7M in 20 months and is now comprised of: + +1. $900k in taxable robo/indexes +2. $700k equity in San Jose triplex +3. $450k equity in primary home +4. $200k equity in apartment cash-flowing $10k-$30k/year depending on expenses/vacancies +5. $200k in retirement robo/indexes +6. $150k in current company ISOs, startup syndicate investments, and BTC/ETH +7. $100k in cash + +What I've learned from real-estate: + +* Thousands of people made millions of dollars by buying before or at the beginning of COVID. This is luck. +* Managing a property in an upper-end market is easier than expected. Tenants are easy, friendly, communicative, etc. I know there are plenty of stories that say otherwise, and our luck eventually will change, but we paid a premium to be in a great neighborhood and have thus far attracted super high quality tenants. +* Managing a property manager for the apartment building requires weekly calls to ensure they follow through on everything. They simply aren't on top of things as much as you'd like them to be. +* For the apartment building, unit turnovers are more expensive than forecasted, CapEx is more expensive than forecasted, property taxes are more expensive than forecasted, and vacancies are higher than expected. It's a Section-8 tenant pool so we're learning a lot! Luckily it's a high enough cap rate to ensure we cover expenses even with the above. + +&#x200B; + +What I've learned from indexing: + +* Wealthfront UX is so much better than Fidelity, Schwab, etc. when it comes to pretty much anything. Schwab back-office is friendly but everything feels like it's stuck in 1998. Physical signature on paper, faxing/mailing documents, multiple 1-800 numbers, etc. +* Schwab outperformed Wealthfront this year by 1% for a similar portfolio allocation. I believe this is due to 0% management fees and their portfolios are more US-weighted vs Wealthfront being more internationally weighted. +* Time in the market > timing the market. We made large deposits in May 2020 which performed great but being invested for all of 2021 still produced a better return. + +&#x200B; + +What I've learned from startup sales: + +* Choosing a company that has a big exit is 80% luck. +* The 20% that you can control should be evaluated through the same lens a VC would; team, tam, and metrics. Plenty of great reading online about this. +* Choosing a hot space ensures more venture funding which fuels marketing spend which increases sales leads which pays big commission checks. :) +* Venture success breeds success and the top 3 saas VCs (accel, sequoia, a16z) just have better access to everything. Getting top 1% talent and customers becomes way easier when someone like Marc Andreessen is on your board. +* Even if you join a startup early, big commission checks will always move the wealth needle than your equity (unless you happen to be at a $10B exit as first sales hire). Counter point is that tax treatment for stock is more desirable than W2 income. +* There is no better work/life balance or income potential/effort required than saas sales. You get paid 6 figures just to show up to work as a salary. Unreal. + +&#x200B; + +What I've learned from "being rich": + +* Access to cheaper debt. Schwab/Wealthfront offer PALs for 2.5% and are very available. Commercial debt is cheap af; our loan for a 10 unit out-of-state apartment building is 3.2%! +* Underwriting for commercial property is comically low compared to purchasing residential property. We were approved by supplying three W2s and my schwab statements. +* When your company gets acquired, rich employees are considered "qualified investors" which means you might have the option of receiving the acquiring company's stock in comparison to cash. Everyone that got cashed out paid income tax on the full amount, and in California, that was almost a 50% bite. Instead of cash, I got stock and sold it at a higher price than the acquisition and paid less in taxes because of long-term capital gains, netting me 30-50% more than my colleagues. +* If you join an early enough startup, you might be able to 1) pre-pay for all 4 years of stock options and 2) qualify for QSBS (until it gets axed). Not everybody has $100k to prepay all 4 years of their stock options, but the payout could either be 0% federal taxes (QSBS) or at a minimum, 100% subject to long-term capital gains since my clock already started. + + +Anyway, hope this is helpful to all of you fatty's trying to retire early! +I've pulled the trigger, after thinking over it for a few weeks. + +I'm a software engineer who has spent the last 6 months developing payment processing services for Bitcoin and other crypto assets. I've had the pleasure of exploring and learning about how blockchain works, how transactions work, and its security at a deep level. Most importantly I've learned about just how much utility Bitcoin has to offer. + +As I hear about more services, companies, and now countries are adopting Bitcoin, it's very clear that it's here to stay. But most importantly it's already started to begin reaching the "soccer mom" audience. People "use" Bitcoin, not just as an investment, or a get rich quick scheme. They use it to barter, pay bills, trade, and as a means of exchange for goods and services. + +I don't just see Bitcoin as a chart in an app. I don't see Bitcoin as something you buy with USD. I see Bitcoin as Bitcoin. It's a currency in its own right, with value dictinct from USD and others. And given a decade, or two. I see it as the global currency for the future of all transactions. + +Thanks for hearing my points. + +Edit: A notice to those saying I'm making a mistake. I have no debt and if this money were to vanish tomorrow I'd be sad, but by no means will I lose my house, go hungry, lose medical coverage, or anything like that. I believe in Bitcoin as a primary currency and store of value, and want to hold my savings in Bitcoin. + +Additionally, the US has a currency (USD), Japan has a currency (JPY), Canada has a currency (CAD), yet it's far fetched to believe the internet can't have a currency (BTC)? Bitcoin is a currency in my world view, not just an asset. If you don't agree, then wish me ill will and move on. +Hi everyone, I am the mom who posted about my troubles a few days ago (stealing medicine from target and how guilty/shitty I felt over it). My inbox was absolutely Flooded, I am still catching up on replying to everyone. + +Well to give you a bit of an update: my daughters fever spiked, ended up taking her to the emergency room like a few people suggested. The ER dr suggested it was teething and Wasn't much of a help there but her fever went down after they gave her another dose of tylenol we came home and I've been trying to get myself back in order. I requested a new social services case worker (because it was pointed out to me that my current one may be incompetent), I applied for emergency medicaid and TANF, I put in my resume at a temp job location and have been searching online for places to make my money stretch a little further with some side jobs where I can bring my daughter along. I also contacted my county's local child support enforcement and got that ball rolling so if it all goes though, he will be served again with papers on May 1st and if he doesn't start paying by June, they will.garnish his wages. + +Honestly, I felt embarrassed and just downright shitty. A lot of people warned me about shoplifting from Target (which I will NEVER do again. I do not want to go jail). A few people helped/donated some necessities to get us through and God am I thankful. I know I haven't responded to everyone back but please know I saw and read every single message and I am so thankful for it all. Every prayer and good luck wish and good juju just.made a positive impact on me and showed me that there are truly good people in this world and I am lucky to have found a place where it is thriving. + +Just, thank you all so much. From me and my girl. [We](http://i.imgur.com/yryrrpA.jpg) have a long uphill battle but at least I know I can come here whenever im.feeling down. you guys rock. 💖💖 +1. Egregious "final attempt" of short selling occurred on black friday, to manipulate the close below $200, to prevent $200 strikes being ITM +2. Reports are in, that retail buy orders did not go through during regular trading hours on black friday (which happened to be the worst black friday for the Dow Jones since 1931) +3. Citadel curiously stopped after hours trading on GME at 3:37pm EST +4. Reports are in, that retail orders were delayed until monday +5. Because of B.1.1.529 (otherwise known as the 'horrific' killer Omicron virus strain) NSCC's capital requirements for margin (due to value-at-risk and EVWMA volatility coefficients increasing) just went up, while value of other collateral went down (across the board assets), thereby causing margin calls for funds holding outsized short positions on GME stock. This is verified by twitter reports of pending short-position liquidations based on failures to satisfy these margin calls. +6. Last time the VVIX jumped at these levels (skying through 138 in full 'crazy' mode) was January 27th, the day before the GME squeeze and before the 'buy' button was illegally removed by brokers +7. Friday's close put GME at a 4 week TTM squeezer indicator on the weekly +8. Gamestop's app (from the appstore) just jumped to top 30 from 68 +9. Loopring's SDK complete and L2 Wallet complete. Waiting on Fiat payment processor to confirm. (liftoff imminent) +10. GameStop's E T H address received multiple $15,000 test payments, in a test of the new non-fungible asset ( N F T ) marketplace +11. Ramp &amp; Flexa Network to be used for LoopRing's Fiat currency processors, for Gamestop's counterfactual Non-Fungible asset ( N F T ) wallet +12. Last time VIX was that high, the day after GME exploded. + +https://preview.redd.it/v6fj7nqbmb281.png?width=415&amp;format=png&amp;auto=webp&amp;s=b643a2057b8679093282ca7dc77155f0822106af + +TL;DR: Buckle up, we moon 🚀. BUY HODL DRS. nO fiNanCial adViCe. + +Credit to u/Money-Maker111. Thanks 🙏 for the work. +Not too long ago, Zhu Su claimed that 100k ETH is dust for him. Less than 6 months infact.. + +[Zhu Su: 100k eth is dust fwiw](https://preview.redd.it/1etplanmg6691.jpg?width=1326&format=pjpg&auto=webp&s=b028e7708e9ea0a595e14ba29ff336b60043798a) + +Today, he is sending all the left over balance from his wallets to CEX so that he can get as much money as possible. He just transferred 10 USDC, 3.98 AAVE ($200), 138 SUSHI, 0.1 YFI, 2.5 COMP ($75) and other actual "dust" to various centralised exchanges. + +[His size is no longer size.](https://preview.redd.it/y3s8tqe5h6691.jpg?width=1280&format=pjpg&auto=webp&s=2542551a5dedbadce3e75bfbc250aacefed50967) + +How a 20 BN fund imploded in a matter of days is a lesson for everyone who thinks they are too big to fail. Arrogance has no place in markets, often those with an arrogant streak are quickly shown their place by the markets. + +There are many more such people in crypto who thought they are too big and nothing could happen to them. Their behaviours smack of arrogance and disrespect for others. All it takes is one mistake where their ego takes over, and results in blowing up of all their wealth. +At this point there are loads of apes that have achieved and or approaching long term capital gains tax. That in itself is a huge deal, and just adds to the satisfaction of holding. + +I believe we are entering the golden age of this transformation, with so many great things coming. I will continue to add to my position, since nothing has changed from the reason I originally bought. +I guess most folks on this sub don't worry too much about social security, but a thought crossed my mind ... the Social Security payout (in the United States) considers the average of your top 35 working years. So say you FIRE after having worked 10 or 20 years, your social security payout is dramatically reduced. + +Or is that not something someone who's FIRE'ing needs to worry about, because assuming the 4% rule and, say, net savings of $1M, you can live off $40K a year, and the social security is just additional gravy on the side? +Hey people, + +Is it mandatory to declare the dividends earned in a year even if the total is less than 801€? + +Since I use Trading 212, the data is not send automatically to Finanzamt, does anyone has a good link to share that points exactly how the declaration should be done? (field numbers etc) +Hi guys! + +Need some help here. + +To my understanding, compound interest simply is interest gained on interest, in other words if a $100 gets $10 as interest in the first year, the second year I am going to have $10 interest on my original $100, and an extra dollar on my $10 earned in the first year. + +&#x200B; + +If I am getting this right, This means that I need to cash out my earnings from the first year, then reinvest the whole amount to be able to get the extra dollar in the second. + +Now, I hear about passive investing in index funds, leave it, keep adding to it and that it will grow based on this compounding interest concept, however I fail to understand how am I going to achieve this compound effect in the second year if I did not sell my position in the first year to cash out my gains + +The only compounding happening in the above example is my continued payments, but in reality, I am not gaining interest on my gains + +Am I messing something here, or how does it work +Hi everybody! + + + + + + + +I just arrived to the US to work for a company here. I have almost 40yo, I wonder is it worth to start at this age with 401k. + + + + + + + +Will I benefit from it in the future or will be better to use that money on something else? + + +EDIT: + +Wow, a lot of comments. Thank you all! +What are your plays for the week? What you buying and selling? What were your best plays? + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +I am. + +I feel like such a f-up. + +Just found out two of my kids might be getting married soon and I have nothing to give, financially, to the impending festivities. + +I didn't want my life to turn out this way. I am educated - I haz degrees - but degrees don't inspire anyone to hire me. + +In MY area I've even read of computer science majors looking for jobs for months. + +When you're the poorest one in the family, it brings a lot of shame. + + +If shareholders are entitled only to assets and dividends, then is it true that the only reason growth stocks exist is due to speculation on the future dividend once the growth phase subsides? + +Is the value of stock buybacks the increasing future dividend yield? + +If a stock cannot pay dividends for some reason, should its value lie only in the balance sheet? Of course earnings contribute to the balance sheet so they should not be discounted. + +If in addition to dividends being forbidden, company liquidation was also forbidden, what would the shares of said company be worth? + +EDIT: This is not a question of what is the best use of capital or anything like that. It is not a question about investing strategy. It is a question about how do the legal rights of shareholders directly translate to valuing companies. And taken literally, it would seem to me that absent of future dividends, equity as we know it would be significantly less valuable. Please educate me as to why this is to the contrary if possible. +●○●○●○●○●○●○●○● + +I made a post about various criminal market manipulation strategies before, and there is a strong possibility this is the latest prominent example of "Spoofing". See image 1 in the linked post below, for more details about what this is: + +https://www.reddit.com/r/Superstonk/comments/tek62r/fuckery_learn_it_spot_it_report_it_also_see_my/ + +If you want to take some action, then simply copy the letter below (change the name to your real one, of course!): + +●○●○●○●○●○●○●○● + +Dear Sir/Madam, + +I am a retail investor and hold shares of a company listed on the New York Stock Exchange named GameStop, Inc. (ticker: GME). It is my belief that GME stock underwent criminal market manipulation, potentially by multiple financial institutions, meaning that I and other shareholders of GameStop are victims of crime. The specific details are as follows: + +**Date:** 8th April 2022 + +**Type of Manipulation:** +Spoofing + +**Laws and Regulations Transgressed:** +Sections 9(a)(2) and 10(b) of the Exchange Act of 1934 and Section 17(a) of the Securities Act of 1933. + +**Potential Evidence:** +https://www.reddit.com/r/Superstonk/comments/tzcmkk/hey_chicago_exchange_wut_doin_this_is_what_was/ + +There is not a great deal of additional corroborating evidence I can provide for my assertion at this time. Unfortunately, the financial services industry has been structured in such an opaque way that retail investors, such as myself, have access to the least amount of market data. However it is hoped that the **{{{ SEC / DoJ / FBI / FTC --> Keep one and delete the others }}}**, being a well-funded government body with expertise in this area, can procure more potential evidence. + +I would therefore appreciate it if you could look into my complaint, in order to protect the rights of retail investors and uphold the aforementioned Laws and Regulations. + +Kind regards, + +**u/Region-Formal** + +●○●○●○●○●○●○●○● + +Next click on each of these links below, add your personal details, and paste the letter above in the relevant section. I have indicated the approximate time you will need to do this: + +**SEC - Securities & Exchange Commission (7 minutes):** + +[https://www.sec.gov/tcr](https://www.sec.gov/tcr) + +**DoJ - Department of Justice (1 minute):** + +[https://www.justice.gov/doj/webform/your-message-department-justice](https://www.justice.gov/doj/webform/your-message-department-justice) + +**FBI - Federal Bureau of Investigation (2 minutes):** + +[https://tips.fbi.gov/](https://tips.fbi.gov/) + +**FTC - Federal Trade Commission (2 minutes):** + +[https://reportfraud.ftc.gov/](https://reportfraud.ftc.gov/) + +●○●○●○●○●○●○●○● + +I know there are many skeptical Apes, who would quite simply ask: "Why bother?" My answer to that question is: Because if enough retail investors file complaints about the same act of crime, eventually they will have no choice but to look into it. And as that former SEC Branch Chief Lisa Braganca has tweeted many times, need to make these complaints in their format, if we want to get them to listen. + +Also note that this is one instance where it is absolutely fine to act en masse, in a group, using our potential volume of filings. There can be no accusations of collusion, because writing complaints to government bodies has no effect on the stonk itself. So if you have a few spare minutes and care enough about this, hope you can also file some complaints using the copy-and-paste template above (the SEC one could even get you a Whistleblower reward! 😄) + +●○●○●○●○●○●○●○● +Hello - Title: + +After reading 9 books on day trading, technical analysis, ect.... and then subsequently doing the exact opposite of what I learned due to falling prey to FOMO and every other cognitive bias, emotional response, et al, I have learned that I literally don't have (or want) the stomach for day trading. I + +What are the best algo options available in your experience? Specifically, what are the available/reliable programs and API? I've researched via google, investopedia, but I'm more interested in what you, the folks who are smarter than me, have as far as experience and recommendations. Essentially, please explain my best options in finding and using Algo as a private retail investor as my goal is to take the human (me) out of the trade equation. + +Also, any book/ educational recommendations would be appreciated. I'm working on [brilliant.org](https://brilliant.org) / Khaaaaaan academy doing all the statistics/computer science my brain can handle daily. What else can would you recommend. Lastly, would it be easier/cheaper/better value to hire a quant to help me build my own algo? Thanks so much and please accept my deepest appreciation for both taking the time to read and giving the thought to answer. \*Edit - missed spelling mistakes +Firstly: I hope this word salad may inspire some of my fellow degenerates to not make the same mistakes I did for many years. + +“What makes for freedom and fluency in the practice of writing? Knowledge of how to write. The same goes for the practice of playing an instrument. It follows that, in the conduct of life, there must be a science to living well.” + +– Epictetus + +In the modern world we have the wisdom of the world available. So why then do we as humans often guess or make assumptions rather than seek out the knowledge available to us? Because it is easier not to. + +Personally, I could scroll through memes or play video games for hours, but when it comes to growing plants do I go for the book first or the shovel? + + +The cost of wasted time and mistakes is immense. We can access the knowledge and wisdom of those who came before us and save making those mistakes and not waste that time. + + +Many humans just like you and me have failed, succeeded, gained and lost fortunes. They have recorded the results in the form of books. + + +These books are *begging* to be taken into a room and embraced on a bed with a blue silk sheet, soft pillows with a scented candle flickering in the corner, the book will whisper to you, “>!open me, I want to be inside you!<” but I digress. + + +Acquiring knowledge does not only apply to investing but to all learnable skills: hobbies, careers, relationships. With study all of these things can all be improved. + +[A degenerate in a faded tool shirt yells out from the crowd: “Boo! This is a casino!” ](https://preview.redd.it/rst9pi4solt71.jpg?width=193&format=pjpg&auto=webp&s=6b98f4f4a4e69e1ffaef5cbce3ac49cfecd60c0a) + +Ah yes, but would you enter the casino and lose your life savings playing the first game you see? or would you rather learn about the games and the odds first ?Even in the casino it is good to know what's what. + +**Made up case study designed to brainwash you into reading number 1:** + +Picture this if you will: 2 cunts with bushy beards. One is named Tom and the other is Barry. You must choose one of these assholes to invest 100k on your behalf and all you know about these bearded cunts is the following: + +Tom is a really good golfer, he studied the game, he read up about the different equipment, the effects of wind speed, different grasses and he also practiced his swing and technique with a coach for a few sessions before ever hitting a ball down the green.(It is also rumoured that Tom perfected his swing practicing on kneecaps with a cricket bat, but that is another story) + +Barry is an average golfer, he pays to play every weekend, he has expensive clubs and fancy golf shoes but hasn’t taken a single lesson or read anything in the last year other than the menu at the 19th hole. + +Based on what we know about these two men, who would you choose to give your hypothetical money? + +[A greasy degenerate with Cheeto stained hands shouts out from the crowd: ](https://preview.redd.it/f024bnpdnlt71.jpg?width=307&format=pjpg&auto=webp&s=e73f777b9b4f4ba378855e46b69f2f8faf0d3da2) + +“But you don’t learn how to fuck by watching porn, you gotta get out practicing!” + +True, and there is a balance here between study and practice, but beware you might pick up a nasty STD if you don’t know the dangers. + +**Made up case study designed to brainwash you into reading number 2 :** + +We are going back in time for a moment when a totally made up stock called ‘ZOP’ was $11 and just about to hit its all time high, let us compare two traders. + +Degenerate 1:Jose. + + +Jose loves tacos, investing and reading. He has read Wazza's book, Peter Lynch's book and puts chopped coriander in his guacamole - something he tried after asking others how they make theirs. + +Degenerate 2: Mark. + +Mark also likes to gamble his wages in the stonk market but just reads hautetcrapper, facebook and the daily thread. + +Jose's approach: As ZOP approached an all time high Jose vaguely remembered the words of Peter Lynch “The next anything is usually not a good idea” Jose considered this and reflected on his fomo emotions and stayed on the side-lines of the BNPL trend and decided to buy a speccy gold miner operating in Africa instead. + +Mark’s approach: Mark was excited about “The next Rafterpay” and he now has to stubbornly explain to his wife and her boyfriend how he isn’t throwing good money after bad, nope he is in fact actually “averaging down” and he keeps telling everyone the opportunity cost will be worth the wait it when his rocket finally takes off, and perhaps one day it will, maybe. + +“Confidence is ignorance. If you're feeling cocky, it's because there's something you don't know.” + +― Eoin Colfer, Artemis Fowl + +**Now how do we wrinkle our brains ?** + +**Questions** + +Ask questions! Ideally with detail and be as specific as possible, if the first person to answer your question is automod, it was probably a shit question! + +While “When Lambo?” Is a fair question. +However an even better one could be: “Is the company I am invested in making measurable progress in reasonable time?” +Here is another example of a good question: +“Does the recent announcement show that management are ticking boxes or are they just smashing nose beers, taking photos in the dirt and making shitty pdfs?” + +**Ask the right people!** + +Your questions may be fantastic and the beginning of a wonderful business or investing opportunity, but if you ask the wrong people, you will not receive any answer of value. Case in point: recently a teenager started a fancy plastic cup business so that people could have nice vessels to enjoy their “egg yolk and rum cocktails” in the pool area. + +The question may have been something along the lines of: “Fuck I am sick of stepping in glass, why don’t we make some nice plastic cups for the pool area?” + +Now Because the person asked was his successful entrepreneur father it all came to fruition and that kid is probably deciding what colour tesla to buy. + +Had he asked the kid who sits next to him in history class and draws dicks all period he would still be picking glass out of his feet. + Now although it is true that starting with rich successful parents is a head start, you know some smart people don’t you? + + +We should make sure when we have a question we are asking the right people. Also we can gain knowledge and learn from mistakes. If someone's portfolio or life is completely fucked it is worth asking them about it, “how did you fuck yourself so hard, what mistakes did you make?” + +**Reading.** + +“Those who will not read are no better off than those who cannot read.” – Jim Rohn + +If you wish to be wealthy, study and read about wealth. + +If you wish to be happy, study and read about happiness. + +If you need to fix your marriage, there is a book for that, it will even have instructions on how to talk to your wife's boyfriend. + +Don’t know how to read a book? there is a book for that too, it is titled “How to read a book” + +[An excitable degenerate from the crowd with adhd and tourettes has a loud and sudden outburst: ](https://preview.redd.it/7uksi01mplt71.jpg?width=299&format=pjpg&auto=webp&s=7dfb88ba0b4ef5ecf86b234a31deff19b1d4f4c0) + +“ Tony Montana didn't read! Massive cojones are all you need!!” + +Tony Montana wasn’t real you rhyming fuck, but Warren, beautiful Warren is. Now Waz[ ](https://www.inc.com/marcel-schwantes/warren-buffett-says-you-can-increase-your-overall-happiness-by-making-1-simple-choice.html) didn't become a billionaire by chasing the next pump and dump or insulting girls that don’t like ice cream by calling them lesbians. + +Buffet has made wise investing choices by playing the long game and by acquiring a vast amount of knowledge. Waz advises that we "read 500 pages every day." - He says that's how knowledge works -- it builds up like compound interest. + +[What books don’t Trent like? ](https://preview.redd.it/8e82v9y9mlt71.jpg?width=225&format=pjpg&auto=webp&s=aa79ed94a03cef26b4230b247668d10a5ed53ae7) + +In last night's thread I asked the sub “If you could recommend one book, what would it be?” I left the question intentionally open to interpretation and the answers I got were wonderful and varied greatly. It just goes to show how intelligent, humorous and well read you cunts are. + +Some of the members I dmed the same question. + +**In no particular order here is a list of books recommended by your fellow degenerates :** + +Woftam11 : Anything by Terry Pratchett + +Webpage9, bane-of-oz (both of em!): Thinking, fast and slow - Daniel Kahnman + +Trupinta, incognitoburweedo (2 members): Sapiens. A brief history of humankind. + +Interesting-Aide8842: Illusions - Richard Bach + +AlanBloodyBond: You Are Not So Smart + +Shadowbastrd: The bible. + +InterestingShow1112 : Clifford the big red dog + +Malcolm\_TurnbullPM: Humankind and A gentleman in moscow (2 books what a dog) + +BuiltDifferant : Big friendly giant- Roald Dahl + +DeadGoddo: Snow Crash - Neal Stephenson + +FallenArchon2020: Critical race theory + +Ocean\_sky\_wind: The Barefoot Investor + +Rustysalmon92: 1984 - George Orwell + +Viajante76: The Signal and the Noise by Nate Silver + +FallenSegull Airman by Eoin Colfer + +Blisser\_the\_Sniff, dick-face-dick-face: Still Life With Woodpecker- Tom Robbins + +Maybethough, Texas\_Tom: The selfish gene + +Supraga70 : The very hungry caterpillar (Most upvoted in thread!) + +Charlie\_Cristo : The Count of Monte Cristo + +Rhythm34: Blindsight by Peter WattsHgttg : Watership Down + +Meaty0gre :Anything from Peter Lynch + +Username-taken82 : Boundaries by Dr Henry Cloud and Dr John + +Townsend.Tacomaster33 : Peter Lynch's one up on wall street + +Calculated-Punt : The Organised Mind by Daniel Levatin and The Zurich Axioms by Max Gunther. + +Logicorluck : Fifty shades of grey. + +Sufficient\_Guess2732 :Arnold Schwarzenegger - Total Recall my unbelievably true life story + +We would all love to hear more about why you recommended these books , If you have time to expand please elaborate in the comments below. + +**Final Thoughts:** + +I have learned this much on my quest for knowledge so far: When you have a thought or a question, be quick to take action, quickly get that learning process in motion. The first few pages of a book, or picking up the phone and making that first phone call to ask for advice is the hardest part. + +Once you have learning momentum you can become a human version of a rocket and go to the knowledge moon!! + +This is a really big topic and open for a lot of expansion as I have barely scratched the surface, perhaps there could be some discussion continued. +Early on in ones career, it seems like you should be going for high risk high return investments to maximize FatFIRE potential. I don't think that putting it all in SPY for a 7% return is an optimal risk exposure here. What areas would you look into for a higher expected return, and an investment size of $250k+? Single family real estate seems tough to scale as your portfolio size grows, and is pretty location dependent. What about things like commercial real estate? Alternative investments? Short volatility? Any recommendations here would be appreciated. +Interest rates are as low as they can go, realestate’s becoming unaffordable to many, there are less $50 dollar notes in circulation than ever before (probably under mattresses), a lot of home owners are mortgaged up to the hilt and they feel like interest rates are going to rise, people are edgy about the markets awaiting a seemingly inevitable COVID correction (unfounded or not), our GDP may well face a world that doesn’t want Carbon with their fries and we’ve also elected a lot of seemingly self absorbed people. From what little I understand this seems to tick all the boxes to edge Australia into a stagnant economy, decades of low rates but zero growth, money under mattresses and a sludgy retail sector, a booming tourism industry to keep us going as long as it doesn’t all catch on fire/flood/bleach/pandemic again. This seems to be referred to as a liquidity trap and Japan still hasn’t found a way out. I’m not usually such a pessimist but foresight is the full half of the glass when money’s involved. 👍 + +- ‘Uneducated novice’ +As I'm sure most of you know, PLTR has been a hot meme stock over the past few weeks. This post is aimed at taking advantage of the intense long-dated call buying, to design a strategy that is collecting decay without giving up a ton of upside potential. These buyers are risk-seeking and don't pay attention to relative vol levels, premium, or greeks. + +**PLTR Jan Skew** + +&#x200B; + +&#x200B; + +[PLTR Jan 2022 Skew](https://preview.redd.it/agbw7ngrgmn61.png?width=1528&format=png&auto=webp&s=917cf08b1c66520c83993e3dd9dd4b7fb84e9aa0) + +WSB's call intense callbuying drove PLTR call skew up to fairly high levels. The 60 call, which is about 25 delta, has traded up to 100% IV while ATMs and slight downside options still trade for 80-85%. Skew is so high, I want to sell it. + +&#x200B; + +**The Trade** + +[Jan 15 35 CS](https://preview.redd.it/fy55qmd4hmn61.png?width=1526&format=png&auto=webp&s=b5234a7c4e1bb58c807f760882a6e187d27baaf4) + +The trade I'm putting on is buying the Jan 15 35 Call Spread. + +&#x200B; + +"Whoa" you say, "buying a call spread is a net debit so you're paying theta! Thats not theta gang". Not so fast. The 35 calls are so juicy that (a) they're higher premium, (b) they have higher decay. The 15 calls are fairly cheap in vol terms so (a) low extrinsic (b) low theta. Don't believe me, just check the greeks: the 15C is close to 85 delta while the 35 call is closer to 50d, with a higher decay, higher vega, higher gamma. + +**Trade Details** + +|Month|Strike|Price|Qty|Vol|Fitted Vol|Vega|Edge|Delta|Theta| +|:-|:-|:-|:-|:-|:-|:-|:-|:-|:-| +|Jan 2022|15.00 Call|11.90|6|80.05%|84.8%|.052|$0.26|.85|\-.007| +|Jan 2022|35.00 Call|5.3|\-6|90.70%|90.0%|.089|$.06|.5|\-.0135| + +Net, I bought these callspreads for $6.60 & a 10.65% vol difference, versus $24.75 in underlying. Gets me long 200 delta total (.35 per spread), which is fine cause I'm fairly bullish on PLTR and want to lean long. I'm collecting *a little* (even though I outlaid premium, this spread decays up \~.25/month). I threw in "edge" here as the vol difference between my shitty spline model and the prices I filled. This spread has $0.30 of edge with respect to where the market vols are priced, and probably even more if call skew comes back down. + +&#x200B; + +My breakeven is $21.60. If PLTR stays from here til Jan (granted, thats holding up a lot of capital), I even make $3.15. Here's the expiry P&L graph: + +&#x200B; + +https://preview.redd.it/jr8l0jhuhmn61.png?width=1498&format=png&auto=webp&s=38e31c2542b80f54a450492c37cbde0b93914e56 + +&#x200B; + +Max reward:risk is $13.40 : $6.60. I'm cool with 2:1 odds & a little breathing room on the downside. My first post here so any feedback, questions, or discussion is encouraged. Thanks! +**This is not financial nor investment advice. These are ideas and opinions for information purposes only.** + +*This post will read bottom to top. It's easier for people to refresh the page and see edits at the top* + +**Historical supports and resistances:** + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 156.5, 162.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256.5 + +**Edit 15 4:00PM:** + +Closing around 140.79, down 0.21%. Overall a sideways and pretty quite day. + +See you all tomorrow! I'm looking forward to the end of the week. + +**Edit 14 3:55PM:** + +TTM Squeeze at 15 minutes seems to indicator a pre squeeze consolidation. Note the red dots. + +https://preview.redd.it/359z8nc8xzs61.png?width=2193&format=png&auto=webp&s=cf8fa753584cbfb49b622764a241b5cffd1b03f3 + +**Edit 13 3:01PM:** + +Power hour stream. + +[https://www.youtube.com/watch?v=C-bDZzr0thU&ab\_channel=WardenElite](https://www.youtube.com/watch?v=C-bDZzr0thU&ab_channel=WardenElite) + +**Edit 12 1:59PM:** + +So far in my opinion, the play is going as expected. + +**Edit 11 12:51PM:** + +There is a strange amount of short Puts at the 100 strike. Could either be CSPs looking to buy in after a predicted crash to around 100, or could just be someone farming premiums. Hard to say for sure. + +**Edit 10 12:49PM:** + +**zzZZZ...** + +**Edit 9 11:17AM:** + +680 strike Calls were bought today, expiring around October/November. I'm thinking it could just be a way to deal with theta time decay. The further OTM Calls have issues with time, so if the strike date is placed further, it helps a lot, though at the expense of less leverage. + +https://preview.redd.it/9zz7fvdpjys61.png?width=2486&format=png&auto=webp&s=7b3bb3125402473c7a2318a2208788729d089b7e + +**Edit 8 11:15AM:** + +Bid ask spread getting tighter. We're trading tightly above VWAP. Volume <10k per minute candle. Expect a bit of sideways action for midday. + +**Edit 7 10:38AM:** + +Slight megaphone pattern followed by a pullback to the 140 support. + +https://preview.redd.it/ek701bzpcys61.png?width=2142&format=png&auto=webp&s=26ef6403472195c4e727ba0327778b6c11b4181c + +**Edit 6 10:26AM:** + +Wow. Rally to 145. Around 100k volume per minute candle. Somebody bought a ton. + +**Edit 5 10:08AM:** + +Couple Puts bought around 135 strike. Nothing major. + +https://preview.redd.it/gbmv4lce7ys61.png?width=2448&format=png&auto=webp&s=61810724252b212916123f0e0a0997debe362fbe + +**Edit 4 9:58AM:** + +Slight bounce around 132. + +Notice the slope of the stock and OBV has decreased. This is a bullish sign imo. + +https://preview.redd.it/feojy5zm5ys61.png?width=2141&format=png&auto=webp&s=80cbe94226c7ec9f991c1c34eeef8986d33af1d0 + +**Edit 3 9:37AM:** + +At this rate, we may even reach the 132.5 support. + +**Edit 2 9:31AM:** + +181k volume first minute candle on Webull. Another low volume day? + +**Edit 1 9:28AM:** + +Possible bounce around 9:50AM at 138 support. + +https://preview.redd.it/sm8xky970ys61.png?width=2136&format=png&auto=webp&s=f2019516ec72eaec4692c35bbbdd3180e2c2d7e9 + +# Begin Reading Here + +Gooooooood morning my space astronauts! + +So... McDonald's day is 4-15. + +https://preview.redd.it/1ijwg3frxxs61.png?width=680&format=png&auto=webp&s=e6c40751bd065daa9dc3da537e1b236b0dd4c566 + +Guess I won't mind waiting two days to, cough\*, celebrate McDonald's day. + +Anyways, I don't find it surprising that Sherman got the boot. The Activist Takeover is going just as planned. The transformation will take time. Those DTCC rules being fully implemented will also take time. But patience is often rewarded. + +Link to my stream: [https://www.youtube.com/watch?v=SuwCsyFbsLg&ab\_channel=WardenElite](https://www.youtube.com/watch?v=SuwCsyFbsLg&ab_channel=WardenElite) + +# Premarket Analysis + +Net sideways in the premarket. Nothing too interesting. + +https://preview.redd.it/6s0bof0gyxs61.png?width=2146&format=png&auto=webp&s=7baa08d04b00d73357771aececa201e56e26e902 + +Yesterday's volatility brought IV up a tad. Nothing too crazy though. + +https://preview.redd.it/u8ez9j98zxs61.png?width=2185&format=png&auto=webp&s=f9d0fe2b79436a2fc9c1f4e295e8e6cfeeb46fd6 +Hope nobody takes this as an attack, but I see a lot of posts here asking for trade reviews, and most of them are obvious why they fail. + +Thought I would provide a list of resources and concepts to help you trade like the big boys. + + + +-Volume Price Analysis is one of, if not the most important aspect of analysis. Read ‘Volume Price Analysis’ by Anne Couling. + +- Your mindset probably needs refining. Read/listen to Mark Douglas, specifically ‘Trading in the Zone’. He will provide you with ideas that you haven’t thought of. + +- Understand the options market and Greek derivatives. EVEN IF YOU DONT TRADE OPTIONS. In this day and age, options hedging by market makers are the primary reason why stocks move. This is a fact. +This one is more complex, but super important. Go to Spotgamma for help and be a sponge. + +- HAVE MARKET AWARENESS. Learn the relationship between the equities market and the bond market. + +-TRACK THE VIX INDEX. The vix is the Volatility Index, and is often referred to as the ‘fear index’. When the vix rises, stocks are more likely to decline + +-TRACK THE GREATER MARKET ALONG WITH YOUR PRIMARY CHART. +Is money starting to flow into bonds(therefore out of stocks)? Is VIX rising? Probably not a good time to go long. These aren’t the only things to track but a good starting place + +-KEEP A TRADING LOG and make sure to note why you entered and exited the trade + +- THINK IN PERCENTAGES NOT DOLLARS. Trying to reach a monetary goal will keep you in trades too long. Analyze and think about what percentage gains are appropriate for this single trade + +-DEFINE YOUR RISK IN PERCENTAGE LOSS FOR EACH TRADE + +This is a good starting point IMO. Feel free to add + +EDIT: also… the buy the dip strategy works til it doesn’t. Afraid for the people who only buy dips. You WILL blow up your account at some point unless you know how to succeed in other market conditions +tl;dr: someone stole our credit card and charged it 132 times over 8 months. We reported it to Chase multiple times, even with proof from Amazon, but they have still denied our claims each time. Help! + +\---------------------------------------------- + +In June of this year, I noticed on my wife's around credit card statement 6 charges in a row on the same day for Amazon even though we hadn't bought anything on Amazon recently. The amounts varied from $10-30, nothing astronomical, but this was enough for me to start digging into the statements to see why there were so many charges we had no track of. + +For the record, this was our main credit card we put a lot of charges on for our family, including valid charges from our own Amazon account, so every month there are a lot of line items, and small amounts didn't really ring any bells, but this was definitely starting to look like fraud. + +I fully acknowledge we should have caught this sooner (this led to a lot of arguments between my wife and I TBH), but we had just also had a new baby 2 months before the fraud started so we weren't 100% in a great mental state when the fraud started occurring. Also as this was during lockdown, we hadn't actually physically lost our card at all (this was all done digitally). + +So we initially opened up a fraud investigation with Chase, we looked back 4-5 months and totaled up an amount of fraud around $3k. We got a new card number and temporarily got this amount back but 3 weeks later, Chase re-charged us the full $3k, stating that these charges were "valid" and under my wife's name. + +This led me to dig further back, pulling data from both Amazon and Chase statements, we ended up being able to identify which Amazon charges were valid on the card (by matching up the order total $ amount to order totals on our Amazon account) and which ones weren't valid (those missing from our Amazon account but charged on the card). **In total, we ended up with 132 invalid Amazon charges for $4,416.19 over the course of 8 months** (the card with this number was only open 9 months and there was no fraud the first month). + +We re-filed this fraud investigation with Chase, pulling all orders from the past 8 months as screenshots for evidence (as they advised), and also the full order history on the account. We were temporarily credited the \~$1.5k (the difference between the $4.4k-$3k since that $3k was already being "investigated"). 3 weeks later, we were re-charged the $1.5k as the charges were found to be "valid" again. + +Immediately, we called them back and they suggested we attach all of our addresses for amazon so they could cross reference with Amazon where the orders went, so we did. 3 weeks later, claim denied again. You can tell where this is going. + +At this point, we actually ended up contacting Amazon ourselves about this matter and were able to cross reference some of the charge IDs, as they can look it up on their end, where the order went, which account, etc. **We were able to cross reference 11 different charges and all of them went to the same other account** (we didn't do all of the fraud charges because checking each took 3 minutes and we figured 11/132 was a decent sample size). + +At this point we knew we had been the victims of identity theft, and Amazon emailed us stating these charges were all found in a different account. We thought this was sufficient proof, so we called Chase, opened yet another investigation and sent Amazon's email as proof. 3 weeks later, claim denied as again these charges were "valid" and under my wife's name. + +I've subsequently called Amazon back again and they said emailing us saying the charges are found in a different account with this card but this is as much info they can reveal without giving away private info about the other user (although we do have a name on the fraud account as one of the Amazon reps slipped up, not that we know what to do with it). + +All in all, we've opened/closed investigation for about 4 months now, I've filed a complaint with the CFPB last week (we got a call from Chase a few days ago stating someone is looking into it); I've started lighting Chase up on social media (still early but doubt anything will come of it). We still have an investigation open with Chase, and yet another email from Amazon saying this card was used on a different account, but it just feels like Chase is giving us the runaround at this point and I'm not sure what else to do. + +Any help/advice would be appreciated! + +**Update 1:** Reading through a lot of helpful comments and wanted to acknowledge a few points and potentially clarify a few things: + +1. We 100% acknowledge we should have caught this earlier, but most charges with in the realm of $15-20 and the perpetrator started small (couple orders only in the first month). **No my wife does not have a second shadow Amazon account.** When the Amazon rep slipped up and gave me a name on those fraud orders, it was a name none of us knew (a quick LinkedIn/Google search revealed this person lived in a different state entirely; though I'm not 100% sure if it was the same person or not, although it's a pretty unique name and there were no other search results). +2. This credit card was open for years but we had this number re-issued 9 months prior for another fraud issue and this number was fraud-free for one month before current issue. We immediately canceled and reissued when the first report was made. We have since turned on getting notifications for each transaction as well. +3. I've been reading a lot of posts about claims being outside the time frame, but no one at Chase during any of our investigations has cited this. That said, there were fraud charges in the months leading up to our first fraud report in June (charges in March-May), so even partial reimbursement would be a win in my book. The only time frame was 120 days, quoted by my local banker, when I brought this up to him. +4. We've since filed reports with the local police, FBI Cyber Crimes (IC3) and are waiting to hear back. CFPB complaint was filed last week. We called the local FBI field office and they said our best recourse is through IC3. + +Thanks for the helpful posts! +*Disclaimer: I was invested in LUNA and UST so I'm talking from experience here* + +I just want to say to everyone using crypto social media in this past day, please please be very gentle with your words. There are **a lot** of posts on Reddit talking about people losing their life savings, feeling "weirdly detached" from seeing their money vanish in thin air, and everyone panicking... + +... and even then, you see other people commenting stuff like "I feel better about reading these posts, I would never trade leverage, my funds are safe". + +**This is not the time to boast about your good decisions in other people's misery posts.** People are attempting suicide. With people in this state, all it takes is a single comment reinforcing their "dumb" decisions for someone to take their lives away. + +Please, please be gentle with your words during this time. Offer help, offer your presence if they need to talk. + +We can talk about strategies and good/bad decisions after the fire is put off. For now, let's just be human beings and support whoever is feeling lost in this shitstorm. +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! + +- How many kids do you have and what age are they? +- How many bedrooms and bathrooms do you have? +- Single family home, townhouse or condo? How many floors? +- How many sqft? In the city or the burbs? Is it too large, just right or too tight? + + +For us, we live in a 2500 sqft condo on 1 floor in the city with a toddler under 2 and a baby in the belly. We have 3 bedrooms and 4 bathrooms. + +It’s just about right currently but will likely get a bit tight when the 2nd baby comes and the grandparents stay with us for the first few months or so. The WFH situation has made the condo tighter than we originally anticipated as well. We are thinking about moving to the suburbs into a SFH in a few years. Some SFHs in our target suburb are enormous and we don’t want to make the mistake of buying too large or too small in the future. Neither of us have lived in a SFH before and currently are thinking something 3500 to 5000 sqft with 4 bedrooms plus an office might be ideal for a family of 4. + +What are your thoughts? +So I've seen some posts here about people asking about when to buy stocks during this market ~~downturn~~ pullback/correction. And I've been trying to figure it out myself and I came up with some ideas that seem useful. This is perhaps my third market ~~downturn~~pullback/correction and I feel like I've gotten a lot better at it since the first time. + +1-Nobody knows beforehand where the exact bottom is beforehand. Everybody has ideas, but most of them are wrong. If you think the market is gonna bottom in a week and you're waiting for it to bottom, you'll probably miss the boat. + +2-Different stocks and industries bottom on different days. For example, cruises bottomed on a different day than tech stocks over the past week. Cruises bottomed on the 28th or 29th. Whereas tech stocks bottomed on the 30th and today. (this could change as the week progresses, but I'm guessing that these stocks have already bottomed for this downturn. I could be wrong though.) + +3-The best time to buy is going to be around the time when you're scared and kind of hesitant because you think prices might drop more. This is when prices tend to be most depressed. Not only are you feeling this way, but so is everybody else. + +4- Since you probably don't know how long the downturn will last and how severe it will be, I recommend a strategy of buying on different days instead of dropping all your money all at once on the first day. + +5- Try to buy after the downtrend reverses. Don't buy before the trend reversal. It takes some practice to be able to identify when this happens. But generally, get a good chart of your stock using thinkorswim or some other problem. Watch the price action and set up a simple moving average. The MACD indicator can also help. As the downtrend continues, the price will rally a little. Most of these rallies will be false rallies and the price will drop further after the rally. At some point, you'll see a particularly strong rally and that may be a trend reversal. You can take a chance at buying in at that point. In case you're wrong, it would be wise to set a stop loss slightly below your entry point. You can also use a trailing stop loss. At some point, one of those big rallies is gonna be the real thing. And then you'll be in. + +6- Don't worry if you miss the bottom. You can still get in at a good price if you're a little late or early. A lot of people miss the boat entirely or they panic sell and don't get back in. You're beating all of those people already. + +7. Try to buy the securities that you think will recover strongly and quickly. There's no point in buying in a market downturn if you end up with a stock that doesn't recover or takes many years to do so. (some people will disagree with me here) Or worse, a stock that falls further. + +8. Don't be afraid to experiment. The more market ~~downturns~~pullbacks/corrections you go through, the better you'll get at it. And the better you get at it, the more money you'll make. there's big money to be made in a very short amount of time in these ~~downturns~~pullbacks/corrections. +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! + +On paper the company looks like it’s doing well and the below points indicate the company is performing, but the market depth / sell off are saying something different: +- Turnover increasing by 371% to $96.7 million +- Revenue increasing by 233% to $67.3 million +- Normalised earnings before interest, tax, depreciation and amortisation (EBITDA) of $9.6 million (FY20: $2.8 million loss) +- Normalised net profit after tax of $4.9 million (FY20: $5.1 million loss). + +Noob to shares, am I missing something in the numbers? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +Refer [here](https://www.servicesaustralia.gov.au/individuals/services/centrelink/jobseeker-payment) and [here](https://www.servicesaustralia.gov.au/individuals/subjects/affected-coronavirus-covid-19). + +Further, you don't need to provide medical evidence if you claim Sickness Allowance. You may be exempt from [mutual obligation or participation requirements.](https://www.servicesaustralia.gov.au/individuals/subjects/job-seekers-coronavirus-covid-19) If you are isolated or quarantined you can contact Centrelink via phone. There are also Major Personal Crisis Exemptions. +Curious for any HNW individuals what it would take to change your life. + +E.g. for 99.9%+ of the population $1M or even $100k could change things significantly for them but not for someone who has a net worth of say $10M. +Greetings folks, I'm from Lebanon where the minimum wage is now less then $40 due to hyperinflation. + +I'm one of the lucky ones to earn a salary of around $90 as a graphic designer, however I think there's a lot of opportunity in the crypto space to earn some supplementary income. + +Banks are dysfunctional here, so I can't make use of freelance websites. + +Also I feel guilty and gross when "mining" moon on this sub so that's out of the equation I think for now. + +Thanks in advance! +I started swing trading stocks in April of 2020 and recently took up day trading in November of 2021. I currently have a $20,000 account which is down $13,000 as a result of swing trading losses (-$3,000) and my stupid mistake of lending money to my brother to trade options (-$10,000). + +For the past several months, I’ve been going through a cycle of finding a strategy, being excited about the strategy’s potential returns, only to be disappointed about an obstacle preventing me from actually trading said strategy. For example, I’m currently backtesting and paper trading a strategy that seems promising. This strategy requires a good broker for shorting, so I’m looking to open an account with Cobra Trading. Cobra Trading requires its clients to have a minimum of $30,000 to open an account, so I’m short $10,000. Plus, I’m not even sure If my short orders will get filled due to a lack of intraday liquidity of the stocks I trade. + +Im feeling pretty bummed out about this cycle of trading anxiety and depression that seems to never end. How do y’all deal with it? +With the invasion of Ukraine, I thought it would scare a lot of investors. The sanctions on Russia affecting many European countries hasn’t effected how well the S&P 500 is doing as well as DOW and NASDAQ. Also the energy sector was the only thing in the green at yesterdays close, someone explain that as well. + +PS: also theres a lot of comments so if you comment can you not say the same thing someone else said bc im trying to read everything yall say. Thx:) +[https://www.bloomberg.com/news/articles/2022-06-21/kellogg-plans-to-split-into-three-businesses-to-promote-growth?srnd=premium](https://www.bloomberg.com/news/articles/2022-06-21/kellogg-plans-to-split-into-three-businesses-to-promote-growth?srnd=premium) + + Kellogg Co. said it will split into three independent companies, sparking a rally in the food conglomerate’s shares. The maker of Froot Loops and other well-known breakfast cereals said the companies would focus on global snacking, North American cereals and plant-based foods -- giving each greater autonomy and room for growth. The breakup will occur through two tax-free spinoffs, the Battle Creek, Michigan-based company said in a statement Tuesday. “These businesses all have significant standalone potential, and an enhanced focus will enable them to better direct their resources toward their distinct strategic priorities,” Chief Executive Officer Steve Cahillane said in the statement. +Edit: I forgot to link my Google Docs "Due Diligence" document where I keep all my written notes. You can read them here: https://docs.google.com/document/d/1XQlAGIDPjDoQNHtzEWGdbO9i8MUkc4lZFKYLTZzMpYU/edit?usp=sharing + +Disclosure: I am not in any way sponsored or associated with any of these coins. I do not even own any so far. I am not a financial adviser and this is not financial advice. Please do your own due diligence. + +EnigmaCatalyst "C-" +Summary Review: https://www.youtube.com/watch?v=LybsdgQ1uPA +Due diligence. (2 hour and 20 minute video): https://youtu.be/HRV3WXWwAcI?t=1390 + +Bluzelle "F" +Bluzelle Summary review: https://www.youtube.com/watch?v=ipRLKS5kgJM +Bluzelle Due Diligence (1 hour long) https://www.youtube.com/watch?v=Nfe51KsAaX4 + +SelfKey "A-" +Summary Review: https://www.youtube.com/watch?v=dAAoxSXb9kk +Due diligence videos (Over 5 hours long in total): +https://www.youtube.com/watch?v=xJsSqIjizr4 +https://www.youtube.com/watch?v=26DaYqHazLo + +Polymath "F" +Review and Due Diligence: https://www.youtube.com/watch?v=PCD19HXbrbI + +NULS And Authorship "F" +Summary Review: +https://www.youtube.com/watch?v=tNHHlEuxzMI +HI. See the link to Criand's DD at the bottom of the text. A quick excerpt of what I read was a little eerie with the Fed having bailed out the banks in the 2019 fiasco ([https://www.reddit.com/r/Superstonk/comments/s7wai4/the\_reason\_there\_is\_a\_news\_blackout\_of\_the\_feds/](https://www.reddit.com/r/Superstonk/comments/s7wai4/the_reason_there_is_a_news_blackout_of_the_feds/)). + +*"It's not a fight against Melvin / Citadel / Point72.* ***It's a battle against the entire financial world****. There is even speculation from multiple people that the Fed is even being complicit right now in helping suppress GameStop.* ***Their whole game is at risk here."*** + +It has now been proven that the Fed is complicit in this malarkey. Please re-read in your spare time. And if you've not read it before, perhaps give a glance. + +Don't know about you, but that seems fucking creepy. Make of this what you will. I would love to discuss with any and all of you. + +[https://www.reddit.com/r/Superstonk/comments/o0scoy/the\_bigger\_short\_how\_2008\_is\_repeating\_at\_a\_much/](https://www.reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) +Resolution Source: [https://www.bls.gov/bls/news-release/cpi.htm](https://www.bls.gov/bls/news-release/cpi.htm) + +Answer will resolve to total CPI, NOT core-CPI. + +[View Poll](https://www.reddit.com/poll/txma3z) +Hey all, I’m 16 years old(almost 17) and I opened a Roth IRA account a little over a week ago! I work at a local restaurant making 10/hour and am planning on contributing between $500 and $1000 dollars this year into my Roth IRA (I have already contributed $250 into it). I opened the account through a friend/broker through American Funds and currently my money is invested into AIVSX. I was wandering if this type of investing will be profitable in the long run or if I need to be investing in something else? The main reason I wanted to go ahead and open this account is because I realized I have the factor of young age on my side and I have almost 40 years until I retire to let the money compound! My approach to this is to be pretty conservative and not worry about making a lot of money real quick, instead, contribute consistently and let the money do it’s work! Do y’all have any advice on what I am doing? Or any advice on investing in general? Thanks! +Hi, +I want to pick up algorithmic trading on the side. I have a master in economics and have been working as a credit risk modeler for the last two years. I am proficient in python. However I don't really have a background in market finance or trading. + + I figured Python for algorithmic trading would be a good place to start. To learn I might want to develop a package in algo trading. + +1) Is this book: "Python for algorithmic trading by Yves Hilpisch" a good start? + +2) Do you have any other learning suggestions? +I wanted to write a series of posts regarding different investment styles, the portfolio allocations suggested by the styles, and the assumptions and hidden factors underlying each style. For my first post I will start with the most boomer, r/investing, bogleheads investing style originating from followers of Jack Bogle the founder of Vanguard. + +Jack Bogle, our savior, taught us all a sure-fire way to compounding wealth, retirement, and financial freedom: buy Vanguard stock and bond ETFs and then tell everyone you know about the dangers of paying 75bps to ARK funds because of compound interest. + +Who am I to question historical 6-7% inflation adjusted returns in the S&P500? As countless threads on r/personalfinance, r/investing, and any of the financial independence subreddits have explained, if you just buy VTSAX in your 401K and IRA you will be rich eventually because Einstein says the most powerful force in the universe is compound interest. + +The first bit of these threads that piss me off are the advocates for full portfolio allocation to US stocks. When you go “Fuck it, 100% stocks” you lose the only free lunch available which is diversification. Jack Bogle knew this and also recommended an allocation to bonds. The idea is that bonds and stocks are not correlated and so by combining the two assets you can achieve a return without as much variance. But when US stocks have been bull running for over a decade it’s hard to accept some historically lower variance return, so there’s a recency bias for advocating higher percentage allocations to stocks. + +The reason that two uncorrelated assets one with higher mean returns (stocks) and one with lower mean returns (bonds) make sense to hold in a portfolio is because you don’t just care about mean return of the portfolio you also want low variance because higher variance means larger drawdowns which reduce compounding growth. Thus we are striving to be both mean and variance optimizers with our portfolios. I will dive deeper into mean-variance optimization and Markowitz portfolio theory when I cover Ray Dalio and risk-parity investing, but for now just remember more variance bad. + +So if we realize there’s a recency bias among the gurus of r/investing and allocate to both VTSAX and VBTLX are we good? The answer is maybe, if we are in a falling rate environment and the uncorrelation of stocks and bonds holds then that is very likely a good steady compounding portfolio. If you allocate in this way you are making a bet on the correlations of stocks and bonds, and a bet on the macro environment. Recently stocks and bonds have had correlated moves and this is not a clear bet just because it has generally held to be true over the past several decades. + +If you don’t want to take a view on the correlations of stocks and bonds going forward then you need a more complex portfolio that works in a variety of macro environments. In the next installment I will cover Ray Dalio’s All-Weather portfolio as an overview of risk-parity strategies which will attempt to address some of the shortcomings of the Bogle strategy but will still have its own shortcomings. + +Hopefully this wasn’t too boring a post, I plan to cover more active investment styles like George Soros in future installments but wanted to start with the passive popular styles since I see it the most often. +Traditionally, real estate was always seen as one of the best kinds of investment, but imo that's largely because knowledge on stocks was much more rare, and it wasn't as easy back then, since there weren't many investing apps, higher fees, and it wasn't as easy to do. + +While there are of course still challenges and risks, there seems to be countless reasons today why stocks are now much easier and better, and barely any reasons to invest in real estate, given how expensive real estate has become right now, and this is coming from someone who's followed investing for several years now, seen multiple crashes, as well as bull markets as well. + +With stocks + +1. The barrier to entry is much less, you just need an app or computer and can do it on your spare time. +2. It's cheaper, you can start with as little as $100 to an infinite amount. Where I'm from, studio apartments go in the mid 6-figures, and even in lower costs of living area, you still need several $1000s for a down payment, on top of multiple other costs, and a stable salary to continuously pay your mortgage. +3. It's more liquid, you can sell at anytime you need, of course probably don't want to during a down market, but at least it's an option. With real estate, you could be stuck holding onto property indefinitely, and the amount of work to sell or rent out is significantly greater. +4. There is more potential and money to be made, even if playing the lower risk game, and choosing common sense FANMG stocks, many of these stocks have gone up 2-5 folds over the last several years, meanwhile you'd be hard press to ever find real estate that can go up even 2x within 5 years, if even in 10 years. +5. Much less work, at least compared to real estate, where you have to physically manage, deal with tenants, work on the legal side, and all the other hassles that can happen running a property. + +I could see it being different before this era, when it was much cheaper, but it seems like today, stocks are significantly more accessible, liquid, much less work, and have a higher potential to make even more money from too, so is there really any point investing in real estate today, aside from the actual property you have to live in? +The established wisdom on the recent Short Squeezes is that a bunch of 'happy' Options traders led by Reddit and Social Media (us in other words) :-) created a Retail Swarm and hit the Hedge funds and made a ton of money whilst at the same time sticking up to Wall Street. + +Today, Carson Block (who always published his Shorts instead of keeping quiet about them but is now de-leveraging as a result of recent price action), suggests that underlying the recent incredible Stock and Options actions we've all witnessed, retail investors were actual 'set-up' from opposing Hedge Funds (CALLs versus PUTs) using the so called 'retail swarms' as a cover for their pre-meditated price action on the same Options many of us bought and so half of Wall Street actually got rich on this as a result. He's not names the funds yet and it will be hard top prove, but we may just be incidental foot soldiers in a larger (mob?) Hedge fund game . . + +In addition and as I forecast, the SEC is now looking at how it can enact new legislation to ensure that this sort of trading modus operandi can't carry on. + +Not good any of it . . Take care out there Mark +I bought my SFH under market price late in 2018 and made some improvements and since then the value has nearly doubled. I really want to get stared on real estate investing and "I'm in the education process" still. + + +Question is, would you CashoutRefi your "main" home to raise money for an investment property? Would that be smart, or should I keep saving until I have enough for a 20% downpayment. + + +I do not have any debt other than my current mortgage. +Hey, I know some of you are big players but this is honestly pretty big for me, my portfolio is not worth a lot but I'm proud of it, I did a lot of research investing on each of the crypto and buying over time has finally got me to 0.1 ETH. + +I just wanted to put it out, I'm gonna be buying more eth and some other alts over time and hodling. Thanks for reading. I'm happy. + +Edit: Thank you everyone for the not financial advice, for all the help and positivity, it means a lot and this community is awesome and super chill. It's truly awesome to be a part of this community. Unfortunately I can't reply for now since i gotta sleep and it's pretty late but I'll come back tomorrow since this post actually kind of blew up. + +Edit 2: holy fuck what am I waking up to. + +Edit 3: I'm trying to reply to as many comments as possible but I'm not doing a great job at it. I am however reading all the comments and they're just awesome. Thank you! +Hello everyone, + +Over the last few months, I have been working on a UK student loan repayment calculator. My main motivation for creating this calculator, when so many already exist, is that all of the existing calculators I have come across are often lacking in a number of things. For instance, none of the existing ones let you factor in any extra monthly payments you might want to make to see how they affect the scale of your repayments. Furthermore, they often do not account for future changes in repayment thresholds and do not let you add future incomes to account for big jumps in income (after all, your salary does not tend to increase linearly). Existing calculators I have come across also only let you provide details for one loan, when some people might have two or three. And other smaller issues I have come across. + +The main aim of this tool is to ideally equip you with (almost) all information you might need to help you make a better and more informed decision around the repayment of your loan. + +I would love to hear any feedback around how useful this tool is and what changes I could make to make it even more beneficial for everyone. + +Alongside the calculator on the home page, there is also a **Student Loans Explained** page which covers some more in-depth examples to try and get across the scale of repayments depending on your income in an easy-to-understand manner. + +You can find the tool at: [http://yourslrc.co.uk/](http://yourslrc.co.uk/) + +It is still being worked on and I have a list of things I would still like to add, but it is already at a stage where I think it can start benefitting people. + +Thanks for checking it out! + +# EDIT: You can adjust both the income and repayment threshold annual growth under 'Show Advanced Options' + +# If you have more than one loan, you can add them by clicking on 'Include Another Loan' +For months capital one has been sending me a credit card application saying they would approve me if I fill it out. The credit card seemed to be a pretty good deal when I read all the information about it. I'm 23 and I do not currently have a credit card, though I've had one in the past. I figured i should get another credit card to boost my credit score. Couldn't hurt. I finally signed up for the card and I got denied, yet they still keep sending me more and more applications month after month. + +Does anyone know why they could be doing this? +Atleast with a mortgage you are actually paying for the house. But with rent it’s just endless money that will ultimately amount to nothing in the end. It’s a place to sleep at night but other than that it’s not the best way to save money. I don’t understand why the cost of living in this country is so freaking high. Then we are expected to still pay for all these other kinds of bills and then have our credit ruined because we didn’t pay them because we were trying just to keep a roof over our head. Literally 100% of my income is rent and I am falling behind on every single other credit card or loan etc which actually amounts to something. Is my only option to become homeless so I can pay off debt??? What a twisted word that we live in. I know everyone is just gonna tell me that it’s my fault but I already know I’m a failure. +The [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) GME retail investors vs the 0.1% situation has lead me to a place of clarity. The game is rigged, and the owners of the system will react with haste and break any laws they must to protect their cartel. For those not following the event + +\- Retail investors, realised the shares of GME and some other companies were heavily shorted and in short supply, so they started buying in the hope of forcing a short squeeze (whereby the holder of the shorts will then have to buy more stock to cover their shorts, sending the price through the roof, an example is Volkswagen \[VW\] in the 2000's). This is perfectly legal. + +\- the plan worked, GME went from $2 to $470 in a short space of time. + +\- Melvin Capital, a Hedge fund took a massive (likely $6 billion) short position in GME and faced closure if the bet went against them, they were losing money at a fast rate and got a bail out last week by other wall street Hedge funds. + +\- Melvin Capital then went on CNBC and other networks to reveal they had closed their short positions, it's highly unlikely as the options volume did not back up their claim, they were simply spreading disinformation, again this is perfectly legal + +\- the retail investors at [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) simply would not give up, they kept buying, the end goal could have seen the stock reach $5K based on the VW scenario. + +\- the 0.1% moved to then protect the 0.1% from losing money by using the stock brokerages they own or control(Robinhood, TD, IB and all the other big players) to firstly prevent the retail investors buying more stock, you could simply not buy these stocks, you could only sell, some companies even forcibly closed down open options positons even in the absense of margin calls, so your account is in good standing with enough liquidity and they decide which stock you can have and which you can not, in this time big institutions are allowed to buy as much of this stock as they desire, just the retail traders are locked out of the casino. This is highly illegal and known as market manipulation, it also flies in the face of the idea that we have a free market. + +\- people like AOC, Elon Musk, Chamath have all come out on the site of the retail traders at [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) + +\- Interactive Brokers chairman and founder Thomas Peterffy goes on CNBC’s “Closing Bell” an is literally weeping, explaining he feels hurt that his large, moneyed 0.1% friends are losing money due to the retail investors, oh the horror, how can these small investors make my friends lose money? Don't they know the implications of their actions? The horror. + +The guys at [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) simply did not understand that in our world only old money gets to make real money, the little guy must be shut down and should never have a slice of the action, all he gets is inflation and a 9 to 5 job, plus side hustle if he/she's lucky. If the little guy ever finds a way to gain an advantage the loophole is quickly closed. + +\- the SEC Chair then threatens to investigate the redditors on [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) by tracking down their IP numbers with the help of reddit + +\- The [/r/wallstreetbets](https://www.reddit.com/r/wallstreetbets/) discord server is banned. + +All the years I talked trash about bitcoin, I apologise, now I genuinely understand the value of having a system not controlled by the government, where they can not on a whim decide to inflate the money supply and bail out their friends, while you carry the load in the form of additional taxes and inflation. +I assume the answer is no, but help me understand why. + +Elon has had his offer accepted to buy Twitter for $54.20 a share, however looking right now the traded price is ~$49. Why, if this deal has been agreed, is it not trading closer to the agreed price? + +Is it something to do with the uncertainty that the deal could fall through? Something else? +I am aware of the concept of compound interest and do ‘understand it’ to an extent. + +The thing is, I am struggling to get my head around how you would apply compound interest when dealing with markets. + +£1 in a bank generates interest and then the interest generates interest. That concept is fairly straight forward. + +However, when you buy a share at say £1, and it goes up to £2, the £1 gain is only realised once sold, right? How does compounding work in this case? I saw a comment in this post https://www.reddit.com/r/UKInvesting/comments/fpdy8o/do_investments_generate_compound_interest/?utm_source=share&utm_medium=ios_app&utm_name=iossmf that touched on it but more clarification would help immensely! Thanks in advance! +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 +My partner and I are buying our first house and Barclays are at fault for us not being able to claim our 25% government bonus. + +I have a LISA and my partner has a H2B - Barclays messed up with the closure of her account which produced a final closing statement of £8 (which was her final interest payment). Conveyancers cannot use this even though it shows the full amount being transferred out in the transaction history of the account because the official closing balance is £8. After MULTIPLE phone calls and being told different things each time, it seems that the statement cannot be corrected and we'll lose out on the bonus. + +The worst bit - this is a known issue for them and they haven't fixed it. All the operators we've spoken to have said it's an issue they're aware of, and Twitter is full of examples of people experiencing the same problems. + +We will be going to the ombudsman to see what we can do, but we accept it's probably a lost cause now. If you are already with Barclays, transfer to a LISA if you can. It's hassle, but well worth being able to claim your bonus. +According to Redfin, home contracts are falling at the fastest rate since March / April 2020. + +For context, the fall out rate from home buying contracts hovered at a steady \~12% for three years leading up to the Pandemic. Homes are now falling out of contract 14.9% of the time for June 2022. This is not a dramatic fall-out rate yet but I think it will be interesting to keep an eye on. It seems buyers are more likely to have contingencies and are either forced to pull-out (because of higher interest rates) or not afraid to pull out of a contract. + +[https://www.businesswire.com/news/home/20220711005232/en/Home-Sales-Are-Getting-Canceled-at-the-Highest-Rate-Since-the-Start-of-the-Pandemic](https://www.businesswire.com/news/home/20220711005232/en/Home-Sales-Are-Getting-Canceled-at-the-Highest-Rate-Since-the-Start-of-the-Pandemic) + +This of course does not mean the housing market will crash but at the very least it seems we are going back to a balanced market where buyers at least have room to negotiate contingencies such as inspection. + +In addition, it might also mean that Buyers were not able to lock in a lower interest rate for long enough after putting in an offer, and unable to afford the newer higher rate by the time closing happens. +I am a 22(M) and I just opened a retirement Roth IRA account with sofi. I am currently a first year medical student with no additional income outside of my student loans. + +My question is how does a Roth IRA account help me make money in the future? I understand it is tax free but if I’m just saving my own money and putting it there what’s the difference between having a Roth IRA and just stuffing my money in the mattress until I’m 60? +Most of us use either a full brokerage service from a bank or a discount brokerage. +But what about the big market players who actively invest? and Institutes? +It is a sound investment principle for an investor to build a few rules called the avoidance rules . I have only one . I do not invest in PSU / Promoter Entities + +Any small retail investor should have a few arbitrary rules or heuristics . Here is the beauty of avoidance rules , they are not in place to make you a profit , they are in place to safeguard your capital . + +For those who believe rules need to be banded by backtest and logic , here is the funny thing , rationality has bounds it is limited . To be human is not to be fully rational . + +Walking under a ladder may have a .000000001 % probability of falling under your head but hey it’s your head . Ergo the old adages, don’t walk under a ladder . Don’t stand behind or in front of a horse . + +If the continuing saga of IRCTC is any lesson , that rule made after the UTI fiasco is still working beautifully after 20 years . +I have read some helpful posts here over the last few days regarding how to make some extra money so I thought I would write up a quick guide regarding bank account switching offers. + +Over the last 2.5 months I have completed 7 switches for a total of £1025; + +Virgin - 20k Miles (rough value £100) +First Direct - £150 +Nationwide - £125 +Halifax - £150 +Santander - £175 +Lloyds - £ 150 +Natwest - £175 (pending) + +There are some guides and YouTube videos regarding this, however I couldn't find any that answered all my questions when I started, so hopefully this will be comprehensive. + +The general principle is that you switch your current account to a new bank using the Current Account Switching Service (https://www.currentaccountswitch.co.uk/). The new bank will pay you a switching bonus for doing so. + +1. Blank Current Account - I personally DO NOT switch my main current account in which my salary is paid and all my direct debits are taken. The easiest thing to do is open up a couple of 'blank' current accounts. I found the easiest way to do this is via my main bank. For example I use Natwest, via the Mobile App just click 'Apply', 'Current Accounts'. Fill in a few details and they will open you a new current account and post a debit card out within a few days (keep hold of this, you will need it later). Alternatively you could open an account with Monzo or Starling or any other bank, however avoid any of the banks that have a switching offer so you don't waste that chance to earn some money. + +2. Direct Debits - Now you have a blank current account ready for switching. Most of the switching offers will require you to have 'Two Active Direct Debits'. Thinking about switching over your phone bill or utilities to this account is a bit of a pain. Also reoccurring payments such as Netflix or Amazon Prime DO NOT count. So what can you do? + +The best way around this is two activate two cheap direct debits. I used One Pound DD (https://www.onepounddd.com/) which allows you to setup direct debits for £1 (obviously). Alternately you could set up a direct debit to a charity instead, such as Oxfam or British Red Cross. With this option the minimum direct debit is £2 each. Also do not create two direct debits to the same charity, this is a mistake I made and they will cancel one of the direct debits assuming it was a mistake. + +Once you have created the direct debits, wait a few days and then check your online banking. Even if the payment has not yet been taken, it should now be shown in your list of active direct debits. You DO NOT need to wait for a payment to be taken for it to be considered active. + +3. Switching - Now we start to make some money. You need to select a bank that has a current account switching offer. These come and go all the time, so check Money Saving Expert for the latest offers (https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/#switch) + + +Now download the mobile banking app for the switching offer you have selected. Start the process of opening a new account. During the account creation process they will ask if you want to switch you existing current account. At this stage you need to enter the account number, sort code and debit card details of your blank current account. Finish the application and then wait about 7-10 days and the switch will complete. + +Log in to the app for your new current account and ensure the direct debits have switched. Some switching offers require you to pay in £1000. You can transfer this in and straight back out to meet the requirements. I normally leave £2 behind just to make sure the direct debit is covered if necessary. Once the switching bonus is paid, transfer the money out. + +Now use this account as you 'blank current account' and start a new switching process + +In order to do this even quicker, I started the process with 3 blank current accounts (Natwest, Starling and Co-op) and then completed 3 switches at the same time. You then also have the option of holding onto any of the new accounts that you may want to keep. + +I am now going to repeat for my partner which should earn us around £2000+ in total. + +Top Tips + +Keep a little spread sheet of what switches you have done and what stage of the process you are at. I recorded 'waiting for debit card' or 'waiting for direct debit to become active' etc which helped me keep track. Edit - you can also keep track of when you completed the switch. Most banks will allow you to obtain a new switch bonus in 2-3 years time so note the date here too. + +I make sure I do not request any overdrafts on the accounts that I create. I have read that opening accounts can negatively effect your credit score. I have just checked my Experian score and it is 999. However I already have a mortgage and no need to apply for any credit so I wasn't too concerned even if it was effected + +Lloyds do not require any direct debits and pay the bonus very quickly, so I would go for that as your first switch. + +I hope this is helpful and people take advantage of it, it really is free money. + Long story short, encouraging stats coming out of trial, have comleted avoided margin calls and churned out low value, but cosistent % win rate. + + The bot clearly fires off far more trades than anybody could manage manually - averaging around 100 trades per day, a total of 3107 trades for entire period. + +The python model is scripted with an API to both use real time stock price info to identify when trade indicators meet an 'open' criteria, then also open the trade, and similarly close it. I deposited £100 with broker and set up with a 1:10 leverage so the outcome would not be profits of like £2.24 per trade, and I also wanted to understand if the model could accomodate leverage appropriately. + +This is week 6/7 and the stats as follows; + + + +[ ](https://preview.redd.it/t5h4qqsa98v81.png?width=202&format=png&auto=webp&s=8f5daf1ed4eb69e3f863cafb4bcc1248de42af6d) + +So on the face of it very encouraging results, with margin not being an issue and 65% profit from the 3K trades. At a more detailed review: + +\- Average trade size was £24.22 + +\- Average profit was £19.07 per day + +\- Average time trade open for = 3mins 24 s + +\- Average profit per trade = £2.22 or 9% + +\- Overall win ratio = 67% of trades - 42% long, 58% short + +Here is the win % spread out over time, which shows an updward trend (as you would hope with an ML model): + +&#x200B; + +https://preview.redd.it/icqn80xe98v81.png?width=1158&format=png&auto=webp&s=c9e082bcc2cf1af7cd3386aef8ab00bfcd5f51d5 + +I'm going to continue letting it run for the next 2/3/4 weeks and confirm this trend continues. If so, I will then delve deeper into the trades which make up the 'loss' bucket, and see if any tweaks in the model can help push performance up. + +The summary is with an equity position of £10K, using this model, you would return £200 a day profit with 1:1 leverage. +I'm in Atlanta. It's not what I would call a huge tourist destination to begin with. My assumption is that we have fewer units than say a beach town + +This is the second ad I've seen like this in the last two weeks. + +We are absolutely about to see a lot of units put on the market at the very least if not forclosed on. + + +Not sure how long the link will stay up :https://atlanta.craigslist.org/atl/zip/d/atlanta-free-airbnb-furniture/7108577887.html +Bought this property 4 months ago for 115k and around 29k rehab with new value of 205k . I was able to put down 15k(closing fees included) and owed 103k plus rehab for total 133k And there are approx 7500 in closing costs for refinancing so Im getting back 12k or so. + +My monthly profit is around 900 a month or 11k a year approx after maintenance costs. Ive done quite a few this year but haven't had much time to post them. + +Hope some of you can learn something and I'm open to questions. Term sheet below. + +https://imgur.com/gallery/HBIb93G +Hello world 👋 +I hope you all had a fun day, looking at GME hitting 200 US-$ again! +As far as I can tell, US after hours closed at 216, let's see where Germany opens 😁 + + +Current price "115 minutes in: 211.93 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  214.00 US-$ + +5 minutes in: 213.76 US-$ + +10 minutes in: 213.82 US-$ + +15 minutes in: 213.88 US-$ + +20 minutes in: 213.88 US-$ + +25 minutes in: 213.88 US-$ + +30 minutes in: 213.88 US-$ + +35 minutes in: 214.06 US-$ + +40 minutes in: 214.00 US-$ + +45 minutes in: 214.43 US-$ + +50 minutes in: 214.31 US-$ + +55 minutes in: 214.31 US-$ + +60 minutes in: 214.12 US-$ + +65 minutes in: 214.00 US-$ + +70 minutes in: 213.45 US-$ + +75 minutes in: 212.66 US-$ + +80 minutes in: 209.50 US-$ + +85 minutes in: 212.00 US-$ + +90 minutes in: 211.69 US-$ + +95 minutes in: 211.20 US-$ + +100 minutes in: 210.60 US-$ + +105 minutes in: 211.20 US-$ + +110 minutes in: 211.93 US-$ + +115 minutes in: 211.93 US-$ + +The US-Premarket is about to open so that's it for today 🇺🇸 +Much love to all of you and let's give 'em hell today! +I'm sorry for the condescending title. I promise I'm friendly, just stupid af. + +Edit: This post assumes at least basic understanding of these technologies. Please read my linked post if you do not have that understanding yet. + +I made a [post](https://old.reddit.com/r/Superstonk/comments/oc7ji4/clarifying_nfts_what_they_are_good_for_and_what/) yesterday explaining blockchain, tokens and NFT's, but there are still posts hitting the front page that refer to "NFT dividends" **surprised Pikachu**, so let's make this nice and simple. + +1. Overstock was the first to issue a crypto dividend. Their dividend token is *not* an NFT. + +2. Dividends are usually cash or a security. Both are fungible, so a *non-fungible* token may not be considered a valid dividend (IANAL), while Overstock has shown that a *fungible* token will hold up in court. +**Edit: Dividends can also be other forms of property, which likely invalidates my thoughts on validity. This point is flawed, but I'll leave it here for my deserved criticisms.** + +3. Giving shareholders, who all hold *identical shares* crypto rewards that are *not* identical would be unfair to shareholders. How would it be determined who gets the first token? Or 69, 420 or any other fun number? I think avoiding the issue entirely is the best course of action. + +4. Transactions involving NFT's are *many times* more expensive than standard tokens due to their significantly greater complexity. Using them unnecessarily is wasteful at best, downright stupid at worst. + +5. Using *non-fungible* tokens would mean that they can only be traded in whole increments, which is a limitation that makes no sense for this use case. For example, Overstock issued 0.1 tokens per share, which would not be possible with an NFT. + +6. Trading NFT's isn't as simple as trading a standard token. We're already struggling with blockchain concepts, we don't need added complexity. It makes more sense to use a token that works exactly as you would expect a currency to work. + +7. A fungible dividend could have more functional use, such as being directly usable as currency when shopping at GameStop. Indivisible tokens (NFT's) wouldn't work for this. What if all prices were multiples of $10? A more flexible option is necessary. + 1. Imagine a GameStop cryptocurrency that can be used in an NFT marketplace (in-game items, etc.) or in-store. A dividend issuing that currency could give a massive boost in adoption. + +8. The initial issuing of NFT's is *much* more expensive. I'm talking orders of magnitude. Each individual token will incur a large transaction fee, while a normal token can be one small transaction fee *per shareholder*. Sending three NFT's looks like this: +Send token 1 to x address +Send token 2 to x address +Send token 3 to x address + +A normal token is always one transaction, no matter how many tokens are sent: +Send 3 tokens to x address + +Making NFT minting more efficient is possible, but is not a native feature at this time. I don't think GameStop will waste money on unnecessary fees. + +**** + +Seeing this sub, which is a bastion of truth in a world of lies, ignite with misinformation on a topic simpler than the complexities of the behind-the-scenes of the financial systems we are used to is a bit surprising. Let's make an effort to gain some wrinkles on blockchain and related topics, since it seems to be a major part of GameStop's plans for the future. + +**Smooth-brain summary:** +There are many use cases for NFT's that GameStop can capitalize on, but I argue that a dividend is not one of them. A crypto dividend would make the most sense as an old-school, fungible token. + +Edit: Added mention of securities as dividends. Thanks u/fubar95! + +Edit 2: Property dividends were brought to my attention. My statements about legality are probably invalid. Thanks /u/chickeni3oo! + +Edit 3: To be perfectly clear, I am arguing that a dividend would not be an NFT, not that there will or will not be a dividend. Dividend talks are entirely speculation, and I am merely trying to clear up misunderstandings on what NFT's are good for. + +Edit 4: Expanded point 3 + +Edit 5: Added point 7 + +Edit 6: Added point 7.1 + +Edit 7: Added point 8 +I'm still pretty new with 6 doors, and everytime I start a new purchase well my work gets annoyed. I'm still delivering and meeting project dead lines. It's more about the realtor calls, the missing work for inspections though I make up the hours ect. + +My long term plan is to have 15 doors, and I sometimes wonder if it's just to much to manage while working a full time job? + +Sure one day I switch full time property management, but until I've paid down the mortgages I am far from doing so. + +How have you done it? +I've been on the sub for a while and just tested out my first tip. I'd been paying around $70/month for my cellphone bill through Verizon for about two years - basic stuff, 5GB of data, nothing fancy. Someone here posted a tip about swapping to prepaid plans, so I did some research! + +I found a deal through another carrier (AT&T) for $25/month with 8GB of data/month, but you have to pay the full year up front ($300). It was a big chunk of my monthly change, but now I don't have to pay a single cellphone bill for the next year. Saving myself almost $50/month and now keeping that $70 in my pocket every month! +[computershared.net](https://computershared.net) guy here. I usually don't participate in DD. I feel like I made my contribution with [computershared.net](https://computershared.net), but I have to address this, because I get asked a lot. + +This is a rebuttal of [https://www.reddit.com/r/Superstonk/comments/z6jpqm/the\_real\_legal\_count\_of\_available\_shares\_left\_to/](https://www.reddit.com/r/Superstonk/comments/z6jpqm/the_real_legal_count_of_available_shares_left_to/) + +In that DD, the author set out to prove that we need only DRS 7.92M shares before short sellers would be unable to continue legally shorting, and/or be unable to cover their shorts (as per the title). I will show that the number is larger than that, cite my sources, and explain why with a simple example: I am going to go public with my newly formed company, JonProBots Inc. 🤖 + +JonProBots Inc. is going public with 10 shares 🍌. For simplicity sake, I'm going to forgo ownership by institutions and insiders and ignore options and baskets and market maker exemptions. The available shares are the same as the issued shares are the same as the float... all 10 shares. + +🍌🍌🍌🍌🍌🍌🍌🍌🍌🍌 + +# Week 1 + +JonProBots Inc.'s treasury releases 10 shares to ComputerShare. ComputerShare allocates these shares to the DTC 📓. Through brokers and the market 📉, all 10 shares end up in Ape hands, who HODL them as longs 🦍. + +🤖 🍌(x10) ➡️💻🪑 ➡️ 📓 ➡️ 📉 ➡️ 🦍🍌(x10 total) + +At the end of week 1, all trades have settled. Here's what everyone's books look like: + +On ComputerShare's books: + +* DTC: 10 shares + +On DTC's books: + +* Brokerages: 10 shares + +On Brokerages books: + +* Longs: 10 shares + +There are also whisperings of [a new SEC rule](https://www.sec.gov/news/press-release/2022-32) that requires brokers to mark shares if they're sold short, but it is not currently adopted or enforced. + +EDIT: u/dlauer [points out below](https://www.reddit.com/r/Superstonk/comments/z7ir8l/comment/iy882mo/?utm_source=share&utm_medium=web2x&context=3) that the marking rule doesn't work the way that I think it does in this post, so I'll be striking it out. Regardless, the overall premise remains the same. + +# Week 2 + +10 short sellers 🥷 want to bet against JonProBots Inc. because they saw all the bugs in [my code on github](https://github.com/Jonpro03/jonprobot). + +10 shorts ask their broker to loan them a share to sell on the market. + +The process of fulfilling a request to borrow a share is called [a locate](https://en.wikipedia.org/wiki/Locate_(finance)). Reg SHO requires that the brokers "have reasonable grounds to believe they can borrow the stock". Fortunately for the brokers, they have 10 long 🦍 accounts with 1 share 🍌 each in them. + +The brokers might ask/tell the longs 🦍 their share is being borrowed, maybe they don't, maybe it's in the fine print of the EULA longs just YOLO accepted when they opened a margin account. + +If you didn't know the mechanics of short selling, a share is created when sold short. I think this is well understood by now? Either way, 10 new shares show up for sale on the market, and new Apes scoop them up and HODL. Coincidentally, there is now more sell pressure than buy pressure, and shares 🍌 are suddenly cheaper. + +There are now 20 apes hodling 20 shares. + +🥷🍌 (x10) ➡️ 📉 ➡️ 🦍🍌(x10) = 🦍🍌(x20 total) + +At the end of week 2, all trades have settled. Short interest is 100%. No laws have been broken. Here's what everyone's books look like: + +On ComputerShare's books: + +* DTC: 10 shares + +On DTC's books: + +* Brokerages: 20 shares + +On Brokerages books: + +* 20 long accounts with 1 share ea +* 10 short accounts paying fees to borrow + +# Week 3 + +4 more short sellers see my bad code and want to short the stock. ~~This occurs before the proposed marking rule has passed, so~~ There is no way for brokers servicing the 10 newest Apes to know that the shares they purchased on the market were from a short sale. + +There is a comment by Lucy Komisar in [an interview](https://www.youtube.com/watch?v=wKXWvEpnN34&t=4902s) that the maximum legal short interest is 140%, but I'm not sure that is accurate, based on what I could find as the [cited source](https://www.finra.org/sites/default/files/SEA.Rule_.15c3-3.pdf). I'm going to proceed assuming that 140% is indeed the legal limit for short interest as she says, nonetheless. + +EDIT: u/dlauer points out in the comments section that there is no limit on short interest.. + +Since they don't know (or have plausible deniability) whether the longs are holding shares from a short sale, they are more than willing to loan 4 more shares, sell them short, and collect a fee. + +🥷🍌 (x4) ➡️ 📉 ➡️ 🦍🍌(x4) = 🦍🍌(x24 total) + +At the end of week 3, short interest is 140%. No laws have been broken. All trades have settled. Here's what everyone's books look like: + +On ComputerShare's books: + +* DTC: 10 shares + +On DTC's books: + +* Brokerages: 24 shares + +On Brokerages books: + +* 24 long accounts with 1 share ea +* 14 short accounts paying fees to borrow + +# Week 4 + +It's a spicy week. Longs 🦍 get wise to the game being played and learn about DRS 🟣. A website called [computershared.net](https://computershared.net) is born. The marking rule is getting closer to being adopted. 4 longs 🦍ask their brokers to direct register their shares. + +🦍🍌🟣(x4) ➡️💻🪑 + +Week 4 wraps up. Shares are settled. Short Interest is 140%. No laws have been broken. + +On ComputerShare's books: + +* DTC: 6 shares +* Apes: 4 shares + +On DTC's books: + +* Brokerages: 20 shares + +On Brokerages books: + +* 20 long accounts with 1 share ea +* 14 short accounts paying fees to borrow + +# FLAG ON THE PLAY + +"Woah, slow down there u/jonpro03!" I hear you say. + +"4 apes DRS'd so 4 shorts should've been forced to close their positions!" + +I'm afraid not. ~~Remember, the marking rule hasn't gone into effect.~~ Brokers have no way of knowing if shares DRS'd were from a short sale. + +Sure, they know which long accounts they've been borrowing shares from for lending. They know that if one of those accounts decides to DRS their share, it can no longer be loaned, but that DOESN'T mean they unwind the short position. + +All they have to do (by law) is be able to locate, and right now there are 14 shares that need to be located, and 20 long accounts to locate shares from. + +# Week 5 + +Another good week for DRS. 4 more long 🦍 accounts decide they want to DRS 🟣 their shares. + +🦍🍌🟣(x4) ➡️💻🪑 + +What happens now? Let's break it down. + +On ComputerShare's books: + +* DTC: 2 shares +* Apes: 8 shares + +On DTC's books: + +* Brokerages: 16 shares + +On Brokerages books: + +* 16 long accounts with 1 share ea +* 14 short accounts paying fees to borrow + +End of week 5. All trades have settled. Nobody has broken any laws. Short interest is still 140%. Brokerages have to prove that the 14 shares they have on loan can be located. There are still 16 accounts with 1 share ea. to locate shares from. + +Just a reminder that this is all still legal and operating within market rules. Whether or not those rules are right is another question entirely. + +# Week 6 + +2 more longs 🦍 decide to DRS 🟣. + +🦍🍌🟣(x2) ➡️💻🪑 + +What happens next? I'll let you theorize. + +&#x200B; + +# Things I'm unsure on: + +I am pretty sure that there's a provision (law) that states that a locate MUST be against a real share. I can't tell if the marking rule has gone into effect. This is all I can find: + +[https://www.sec.gov/news/press-release/2022-32](https://www.sec.gov/news/press-release/2022-32) + +Without the marking rule in effect, there's no way to know what's real and what isn't... except DRS. When all shares are accounted for, I can't see how brokerages can still claim that they can locate. + +So what is my claim? I don't believe shorts will be forced to close until brokers can no longer claim that they can reasonably locate a share. What that means with regards to [computershared.net](https://computershared.net)? Well, I have my opinions, but I want you to form your own. This is the exact reason the site has toggles and I call it a calculator. + +&#x200B; + +Cheers! +Sauce: [https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001326380](https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001326380) + +&#x200B; + +I calculated the amount of shares owned by insiders using the Edgar system to track insider trades. I went to their most recent Form 4 filings for each person outlined below and put their File Date to make it easier for someone to try and prove me wrong. If any of these names sold or bought GME...it would be reported to the Edgar system unless it hasn't been filed yet as the trade could have taken place in the past 10 days as that is the reporting timeframe for insider trades. + +Someone find where I am incorrect on the following data: + +&#x200B; + +Alain Attal 6/11/21 128,923 + +Bernard Raymond Jr Colpitts 0 as of 10/28/19 + +Catherine R Smith 2/4/10 94,233 + +Chris Homeister 4/14/21 388,357 + +Crawford Troy W 5/13/19 111,542 + +Daniel A Dematteo 5/12/20 328,074 + +Daniel Kaufman 5/12/20 201,155 +