diff --git "a/reddit_finance_43_250k_385.txt" "b/reddit_finance_43_250k_385.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_385.txt" @@ -0,0 +1,10000 @@ +# Allegheny Technologies Incorporated $25.47 +> **Allegheny Technologies Incorporated (ATI)** is confirmed to report earnings at approximately 7:15 AM ET on Tuesday, January 22, 2019. The consensus earnings estimate is $0.33 per share on revenue of $982.46 million and the Earnings Whisper ® number is $0.35 per share. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 22.22% with revenue increasing by 7.97%. Short interest has decreased by 1.2% since the company's last earnings release while the stock has drifted higher by 10.4% from its open following the earnings release to be 3.4% below its 200 day moving average of $26.37. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, January 10, 2019 there was some notable buying of 1,011 contracts of the $30.00 call expiring on Thursday, April 18, 2019. Option traders are pricing in a 8.7% move on earnings and the stock has averaged a 5.7% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=ATI&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# Stanley Black & Decker $136.88 +> **Stanley Black & Decker (SWK)** is confirmed to report earnings at approximately 6:00 AM ET on Tuesday, January 22, 2019. The consensus earnings estimate is $2.11 per share on revenue of $3.60 billion and the Earnings Whisper ® number is $2.14 per share. Investor sentiment going into the company's earnings release has 56% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 3.21% with revenue increasing by 5.46%. Short interest has increased by 13.9% since the company's last earnings release while the stock has drifted higher by 27.1% from its open following the earnings release to be 0.9% above its 200 day moving average of $135.70. Overall earnings estimates have been revised lower since the company's last earnings release. On Friday, January 18, 2019 there was some notable buying of 1,651 contracts of the $140.00 call expiring on Friday, February 15, 2019. Option traders are pricing in a 6.4% move on earnings and the stock has averaged a 3.4% move in recent quarters. + +> #([CLICK HERE FOR THE CHART!](http://elite.finviz.com/chart.ashx?t=SWK&ty=c&ta=st_c,sch_200p,sma_50,sma_200,sma_20,sma_100,bb_20_2,rsi_b_14,macd_b_12_26_9,stofu_b_14_3_3&p=d&s=l)) + +***** + +# DISCUSS! + +What are you all watching for in this upcoming holiday-shortened trading week ahead? + +***** + +Have a fantastic weekend and trading week ahead r/StockMarket! ;) +As many of you have heard, the SEC authorized (or rather, did not object to) a bitcoin ETF, and ProShares is set to put one on the market today or tomorrow. What do you all think of this, and what does it mean when the description says that the fund will provide exposure to bitcoin *futures contracts* as opposed to a *direct investment* in bitcoin\*? I'm mostly familiar with how traditional ETFs work, but I'm not so sure I understand how a bitcoin futures contracts ETF will work. Thank you for your help! + +For more info: +[https://www.proshares.com/funds/bito.html](https://www.proshares.com/funds/bito.html) +[https://www.cnbc.com/2021/10/15/the-first-bitcoin-futures-etf-in-the-us-is-set-to-begin-trading-next-week.html](https://www.cnbc.com/2021/10/15/the-first-bitcoin-futures-etf-in-the-us-is-set-to-begin-trading-next-week.html) + +\*From the CNBC article: + +>The ProShares Bitcoin Strategy ETF, which will give exposure to bitcoin futures contracts but not the spot market, will trade under the ticker “BITO.” +My sister ruined her credit score by not paying her credit cards in an attempt for them to remove/lower her interest. She won’t even look at what her credit score is now because she’s too afraid. It had previously been over 750 but I have no clue how low it is now. One of her credit cards is now in delinquency and they’re asking $3k to remove it, but she doesn’t have that. Her car lease is up in 3 weeks, and she’s already gotten denied once for a car loan through USAA. She has no money saved up so it’s not like she can go buy a cash car. She commutes 20+ miles to work and public transportation isn’t an option in our city. She has it in her mind that she’s going to go beg banks for a loan next week, but I’m not sure how well that’s gonna work. Any advice is much appreciated. +Couple earning 2 x $80,000 AUD += $63,000 post tax annually individually += $126,000 post tax annually as a couple + +Mortage on a $1M property repayments on with a 10% deposit (Loan = $900,000) + +1% Interest Rate = $2,925 p/month + - $35,100 per year Mortgage + +2% Interest Rate = $3,361 p/month + - $40,332 per year Mortgage + +3% Interest Rate = $3,833 p/month +- $45,999 per year Mortgage + +4% Interest Rate = $4,341 p/month + - $51,832 per year Mortgage +I knew coronavirus was going to be bad for the economy, but the extent to which it was didn't really hit me until a finance lecturer was basically like "there's going to be a recession, it's just a matter of not getting into a depression" and "GL, we'll be here to be a shoulder to cry on" for anyone graduating this/next year (hi, that's me in marketing as a 23yo). + +Obviously we want to reduce spending, build up the savings, keep upskilling, try and stay healthy (lol), and stay employed/job seek(?) but what are some things we need to think about to stay ahead of the curve? How old were you when you went through a recession? What is something that you wish you'd done or that you're appreciative that you did do? What was the environment like? How did you deal with it mentally? If things didn't end well for you, how did you recover/where are you now? I know there's a light at the end of the tunnel, but going down that tunnel seems mighty long and hard. +https://www.cnbc.com/2022/05/19/cisco-stock-falls-10percent-after-company-projects-revenue-decline.html + +I know Cisco is one that people always point to as a "check out the all time high and get back to me" stock, but the shrinking revenue was still a surprise. +The fact that "Roll 212" has entered the lexicon is all that really needs to be said. Sadly, most of the video has been scrubbed from the web. (tinfoil hat time) + +https://www.npr.org/templates/story/story.php?storyId=101888064 + +Edit: Really investor dudes/dudettes? Can't remember what happened? Think that Cramer didn't recommend Bear Stearns? + +To be fair, a lot of the Jon Stewart video was removed. I assume that's because CNBC has pull with the rest of Viacom. But some of us remember Cramer and the Bear Stearns recommendation just a couple of weeks before BS melted down completely: + +https://www.youtube.com/watch?v=Qa50zFAdpto&t=0m46s + +Does anyone else remember the picture of the $2 bill on the revolving door on the day when BS was purchased? +I recognize that a 4% rate on a savings account is very good (it's a negotiated rate in a foreign bank account). However, I am 26 years old, so I have a lot of time before retirement, and I feel like I should have the bulk of my net worth in equities. + +Some more details that might be relevant: + +* 26 years old +* No debt (own a car) +* Looking to buy a house soon and have money set aside for that (20% downpayment) +* $58k annual income +* $5k in a savings account earning nothing. +* $50k in a mutual fund +* $60k for a downpayment in a savings account (to be used soon) +* $100k in the savings account in question + +I'm thinking of moving maybe $50k of the $100k to the mutual fund, or to brokerage account where I can pick stocks/index funds. +GameStop (GME) is one of the most under-valued stocks in the market. I’d go as far as saying it’s criminally under-valued. + +“It’s a meme stock, up thousands of percent over the past two years!” I hear some of you protest. “How do you figure it’s under-valued?” + +GameStop is currently classified under the Consumer Discretionary sector, due to their focus on consumer electronics and video game sales. With a market cap of ~$7B, GME is valued far less than other big-name stocks in the sector and worth 0.1% of the $6T overall Consumer Discretionary market. Given that GME has relatively no debt, growing net sales ($6B in 2021 vs $5B in 2020), and over a billion dollars of cash on hand, I believe that GameStop has a high probability of taking over more of the Consumer Discretionary market cap in the near future. + +But, that’s not all. + +As of today, May 19, 2022, in the eyes of the general public, GameStop is still a brick-and-mortar retailer turned e-commerce hopeful. The general public does not understand the true implications of the stealth startup happening inside the company, that apes know will soon manifest in the release of the NFT Marketplace and GameStop Wallet. + +A NFT Marketplace and crypto wallet will expose GME’s valuation to two other sectors. These new sectors happen to be the top two in terms of market cap in the United States: technology and finance. + +The Technology sector has a market cap of $12.56T. The Finance sector has a market cap of $7.55T. If GameStop unlocks even .1% of these market caps, we are looking at $20B, on top of the $7B we currently are valued at in as a Consumer Discretionary stock. + +By this calculation, the minimum fair value of GameStop market cap, in the imminent future, is ~$27B, or ~4x GME’s current price per share. Bear case, IMO, is $400 per share. Imminently. + +*This is not financial advice. Data re: market caps taken from FUDelity.* + +**TLDR: GME is currently valued as a Consumer Discretionary stock. The move to NFT Marketplace and GameStop Wallet will help GME unlock value from the Financial and Technology sectors, which have a combined market cap of ~$20T. This should give GME (at MINIMUM) a $27B market cap, which is ~4x GME’s current price per share.** +My spouse and I fatFIREd recently from tech. We are still both relatively young (late 30s/early 40s) and almost all of our friends are still working. + +I am increasingly finding myself getting jealous whenever I see LinkedIn updates from business school classmates or former coworkers or get pinged by recruiters. I think part of it is I feel like a slacker for being retired this young and traveling nonstop (we left the Bay Area and won’t be settling down somewhere for at least a year or two). Also, the majority of the assets are from my spouse’s career. I had a decent amount but took the past couple of years off to stay home with the kid. + +How do you deal with it? I am considering just deleting my LinkedIn completely but I don’t want to lose all of my business connections in case I decide to do something else eventually. +I'm toying with the idea of buying a vacation home, probably on the beach somewhere. I would probably stay there a few weeks a year, and rent it out the rest of the year. I would hire a management company to deal with the day-to-day rental operations. I just have a few questions for those who have done something similar: + +- Is it possible to find a management company that's good enough that I basically don't have to think about the property at all except for when I want to stay there? Or is this going to be a hassle regardless of what I do? + +- What sort of returns should I be expecting here? I'm looking at this more as a pleasure item than an investment, but it would be great if I could find a place that would let me break even, or at least come close to it. Is that possible, even with the need to pay for management? + +- And lastly - is this a good idea? The reason I'm considering this is that most of my closest family and friends are less well-off than me. I'd love to be able to go on vacations with them, but I know they'd never accept me paying to take them on a trip. But I think if I had a rental vacation home it would be easier to convince people to come without feeling guilty. Plus I think it would be nice to spend a week or two in the off-season just WFH in a nice beach house by myself. +Quick summary: 24M completed my master's recently. I was fortunate enough to land a 50k job which I will start after graduation in the new year. This will be my first "proper" job. + +I'm from a working class family where my parents earn a low combined income. I've never travelled and feel like I missed out on life in general in other aspects as well so far compared to my peers who have way more interesting lives. Given my background I'm not a big spender but I'd like some advice on how to make best of this new income. I read around a lot on this subreddit and went from being financially illiterate to having some modicum of understanding on how pensions and ISAs work. Grateful for this subreddit! + +My question is about what my priorities should be. For the first year at least I'll stay home and focus on impressing my employer. I had thoughts on saving a large deposit by living with my parents and avoiding rent costs but I'd rather prioritise gaining new experiences, meeting new people and what not. My early 20s flew by and I have barely any highlights to speak of. + +I know about budgeting "fun money" but I guess my question is how large should this budget be at the expense of saving for a house and possibly looking after my family at the same time. + +Also should I create a savings account in addition to investing in index funds in an ISA or dump all of my money into the ISA? + +Thanks :) +I am interested in hearing a bull case for doordash. I've seen many youtube videos, reddit posts, articles on why this stock is overvalued at 18 price to sales ratio which implies at least 20-25% sales growth (sales growth 6-9x) for the next 10 years based on my model. Even Uber, which I consider to be massively overvalued, (because of its unprofitable low margin,no moat, slowing growth business) is trading only 17 billion marketcap more for postmates, uber eats and most dominant ride haling service.(63 vs 80 bil) + +With earnings miss, i would thought that this stock would go down, but doordash ended the day up 3.5% while airbnb is barely up on better earnings. Even Disney stock, which crushed earnings, is only up 1%, and trades at a more reasonable valuation. In my opinion, you cant miss earnings, and expect to go up, yet DoorDash did and the guidance wasnt that great either. + +So why did doordash go up today on earnings? I didn't see any reddit post on doordash earnings, in fact I rarely hear anyone talk about this stock which is surprising considering its a 62 billion growth company. ( i hear more people discuss corsair which is a 2 billion company) Yet, despite the earnings miss, analysts kept upgrading the price targets for this stock today yet they never explain why they upgraded doordash. + +I would like to hear your thoughts on why this stock is worth the price, I always like to hear bull cases, on companies I find overvalued (i enjoy reading opinions on crowdstrike, nvidia, moderna so even thought I find those stocks are overvalued I understand the market valuation is so high on those companies.) Alot of stocks that I believe to have positive sentiment isn't really moving higher, like sofi, disney, shift, alibaba, amazon while stocks that I see have more negative sentiment on youtube/reddit like doordash, carvana, zoom are performing relatively better? (Even Nikola is still worth 4-5 billion somehow) + +In short, I am interested in hearing a bull case for doordash and why doordash went up on earnings while most stocks went down on earnings (like sofi, ttcf, which is consider to be reasonable valuation but fell 15%) +I'm fairly new to real estate investing, Live in Los Angeles, and looking at doing a cash out refinance and using the cash to buy an investment property. It seems too good to be true so I'm wondering if I'm missing something and wondering if anyone is doing something similar right now due to the current market and low rates. + +**Current Mortgage** + +* Home Value: $600k +* Current Loan Value: $440k +* Current Mortgage Rate: 3.875% +* Monthly payment incl taxes: $2,700 + +**Cash out Refinance Proposal:** + +* Home Value: $600k +* Loan Value: $480k +* Cash Out: $40k +* Mortgage Rate: 2.99% +* Monthly Payment incl taxes: $2,700 +* $1,500 closing costs + +Basically I can refinance and pull $40k out in cash, keep the same monthly payment, and only pay 1,500 in closing costs. I'd use the $40k and additional savings as a down payment for an additional property that I'd rent out. This seems too good to be true. Am I missing anything here? Anyone doing the same thing right now? + +The other option is to do a regular refinance (no cash out) and save $200 per month. Also attractive, but getting $40k cash right now that I can put to work seems like it has much more upside, particularly if the real estate market dips due to COVID-19 foreclosures in the near future. The $40k in cash would really come in handy to swoop up a deal. + +Here in LA the rent to purchase price ratio is pretty low, so the main purpose of buying another property would for the appreciation rather than rental income (although rental income can be a benefit down the line). +Partners and I have mostly done SFR and got sent a pretty interesting deal from an agent. Couple hours drive from us is an abandoned Apt Complex with around 100 doors in a college town. Half a mile from campus. Complex across the street is renting at $750 at 99% occupancy. + +Currently crunching the numbers, but need some help on some high level numbers. Since this has been abandoned, typical grafitti, homeless squatters, general run down has happened. Exterior looks nice, but needs some clean up along with repaving the parking lot. + +What is a good rule of thumb for cost on gutting an apartment and replacing floors, cabinets, kitchen, paint, etc. for a basic finish out (this is college kids were talking about). Units are about 600sqft 1br 1ba and 900 2br 1ba. Small town in the south about 1.5 hours away from a large city. 12,000 college students, 12,000 population. A friend knows someone that goes to school there and said its rough but great location. + +Happy to provide more detail, but running some numbers before we commit to doing full due diligence on the property. Thanks! + +&#x200B; + +Edit: We know what were doing, its not like were jumping into this. I am just trying to get some rough numbers to see if its worth exploring... +The city is growing rapidly and rents are going up, although of course i'll need to negotiate a yearly get out clause. I'm mindful of the coming global recession and whether that will scupper plans. + + +Taxes seem pretty complex in Portugal, and there seems to be a 2e/guest/night additional tax. As a very rough outline of my current idea of the situation on rent. + + +Tourists come here year round with demand obviously lower in the winter. So rooms at 50% capacity through the winter topped up with events and conferences, and say 90% capacity through the summer 6 months. + + +I've rented large buildings out in the past in different countries, although nothing as big as a 30 person hostel. +So, I often get PM's from guys asking for advice or to be a mentor to them in someway. So I asked 1 of the mods last night if it would be cool to throw a job/intern offer out here onto the sub and see what happens. Who knows, maybe it takes off and it's great for both parties, as well as the sub if we were to do updates and ad cool info ...... or maybe it fizzles into a quick death. + +a little bit about me: + +I've bought/sold/flipped a few thousand houses in the 90's + +I've built a few neighborhoods/town homes/warehouses/ mansions + +Currently own a few thousand units, warehouses, office space, flex space, medical buildings, land, and constructing a few hundred units + + +The job is in Georgia. You would be my eyes and ears on a 300+ unit rehab project. Basically run around all day walking units, keeping track of the various crew's progress (you wouldn't be running the actual crews, just staying on top of their progress), put your eyes on whatever I need to see at that moment, etc etc. It would obviously help if you have any kind of construction or rehab experience but if you're hungry enough, I'll listen to what you have to say. Pay will depend on your level of experience as well (figure $500-1500/week to start). You'd live onsite rent free. + + + +I'll be in town 2/4 days a week to follow up and see how it's all going (as well as on the phone with you daily). When I'm in town we will go over all things RE Investing. I'll lay it all out and you are free to ask whatever you want. From what you'll learn on a day to day basis, to what we go over when I'm in town ..... you should have a pretty good handle on how to invest in your own deals (from financing,to site management,to handling people, to seeing how it all gets done). You'll hustle your ass off and get an invaluable education at the same time. I like to work very hard while laughing my ass off, so be ready for both. + +I'm sure I'm missing something obvious as I'm rushing to get this out but let's get the conversation going and see what comes of it. This is for now !!! + + + +EDIT: I'll be calling everyone back tomorrow !!! + +UPDATE : Ok so I got someone from this sub, who will be moving onsite this weekend. He'll knock it out of the park. +Hi guys, +Australia is potentially going to be releasing a 40-50k grant for building a new home, whether it happens or not will be announced in the coming week we think. This money can potentially be used as a deposit. What will this do to the market over the next few years? +I have every intention of getting some of this free money and building a home to add to my investments with my partner (after living in it for the required timeframe to be eligible for the grant). I'm just not sure if this will kill the market by oversupply or stimulate the market enough to drive price up. + +Note: this grant is ONLY for building new and not for established homes. +The S&P 500 has fallen 500 points and many analysts are arguing that 2019 will be a bear market. + +Obviously this would benefit investors with a lot of cash. A recession will lead to layoffs, foreclosures, underwater mortgages, and many “deals” on real estate. It could lead to big problems for highly leveraged investors who are more likely to end up under water. + +For those with significant real estate holdings, where are you located and how do you plan to respond to the changes in the market? + +**TL;DR:** Bitcoin\.com used to publicly release and track changes of their wallet's source code. Currently it is NOT true anymore for the most recent version~~s~~ (~~5.x/~~6.x). **Please be careful, trusting a closed-source/non-public source wallet is VERY risky for your funds.** + +--- + +This wallet is mainly an altcoin focused wallet nowadays, it has [multiple other flaws](https://np.reddit.com/r/Bitcoin/comments/bts0z4/i_hear_bad_things_about_the_bitcoincom_wallet_can/ep1wprs/) and [serious unresolved security issues](https://www.coinbureau.com/news/jaxx-bitcoin-com-wallet-vulnerabilities-discovered-researchers/). + +But since it is still possible to store actual Bitcoin funds on it and it appears in the first results of a search for Bitcoin wallets (due to its name) on various App stores I've figured this post could be useful to new/unaware users. + +This wallet is supposedly (hard to tell without source code) still a fork of Bitpay's CoPay wallet which is under MIT License. If this is the case authors have no obligation to publicly release the source code, but up until the last couple versions it was public and tracked on [this GitHub repository](https://github.com/Bitcoin-com/Wallet). + +Without any justification the new releases are now happening [on a new GitHub](https://github.com/bitcoin-portal/bitcoin-wallet-releases/) belonging to apparently "bitcoin\.jp", without any tracked source code in the repository and with only binaries available for download. + +There are compressed files named "Source code" along the releases, which are empty (only containing a meaningless README file in them). Those files could easily be there to deceive people into thinking everything is like before and that the source code is still available but it clearly is not the case. + +You should never use a close source wallet as it generally implies that nobody was able to independently review and audit it. Without this ability, you have no guarantee that this application is not going to leak and/or purposefully steal your private keys/seed/funds. When a wallet goes from a public open-source model to a closed source/non-public source like this wallet it is even more suspicious. + +I've seen Roger Ver being asked about it multiple times on r\/btc and he only directed users to the new GitHub, without further comments when people pointed out there was no source code there. + +So please, be careful, and **do NOT blindly trust this company with your funds**. There are [plenty of wallets](https://docs.google.com/spreadsheets/d/1aZ1zbaUEzCo9NCctN8-eL2VLIiSdY009tTJvRXDUWEw/edit#gid=0) +that are actually open-source (with publicly available source code). +Do you have a household manager? When did it become worth it to hire one? Was it a NW threshold? A busy-ness/ level of household activity threshold? A kids’ age threshold? + +If you don’t have a household manager, how do you manage your household? One partner in charge? Split based on tasks/interests? Quasi-HHM cobbling together various services and/or tech? + +Did your household management plan change post-FIRE? +Everybody keeps talking about how they're the best producer in Canada and is praised as having great management and all the rest. Yet at the end of the day it and SU are no better off than any other oil company. They both recently raised dividends by 10+% (I believe). Yet here they are about to go to single digit stock prices. Amazing +There are more interest hikes coming, and inflation is the number one concern of the Bank of Canada. That much I understand. But if a recession is all but guaranteed, can interest rates go higher AND stay there for a few years? I thought that rate cuts were the ammo that central banks used to fight recessions. Or if both options are bad, is that what stagflation means? (I'm hazy on that one.) + +On a micro level, I'm wondering about renewing a mortgage right now at fixed vs variable. Variable could swing higher for a couple of years (that's just me guessing based on what I read here), but isn't it usually a better option over the course of five years? If you weren't in a dire situation, would you lock in or go variable? +Hi guys, + +What is your conviction in Galaxy Digital Holding? I am going to write a DD on this one and would like to know your opinion so I could include this in my DD. I am very interested to hear your bearish argument as I am very bullish on this one. + +This is by far my biggest holding and I wish to hold it for long term. My PT is 40 by end of this year. They have four different business line and entered into mining recently. If interested check out their principle investments https://www.galaxydigital.io/services/principal-investments/ +Hi guys, + +What is your conviction in Galaxy Digital Holding? I am going to write a DD on this one and would like to know your opinion so I could include this in my DD. I am very interested to hear your bearish argument as I am very bullish on this one. + +This is by far my biggest holding and I wish to hold it for long term. My PT is 40 by end of this year. They have four different business line and entered into mining recently. If interested check out their principle investments https://www.galaxydigital.io/services/principal-investments/ +So I'm 30 and new to investing, and the general wisdom of the DIYers out there is that you're probably gonna screw it up if you do too much yourself. With that in mind I decided to invest in a simple ETF (VGRO yay!) and perhaps when I know more I'll start to branch out into individual stocks (Scratching the surface, I really like BAM), but I'm not certain that's for me. +&nbsp; + +My question was how hands on is too much, and how much value am I getting from paying the MER for VGRO vs its holdings (the ETFs it holds, not the 12000+ individual stocks). Basically I modeled out how much I would pay in fees over 35 years with a few assumptions. +&nbsp; + +* I retire at 65 +* I never sell to try to time the market +* I always max out my TFSA contribution limit +* TFSA contribution limit increases by $500 every 5 years +* At age 45 I switch to VBAL (60/40 stock/bond split) +* At age 55 I switch to VCIP (20/80 stock/bond split) +* VGRO AAR: 8.25% +* VBAL AAR: 7.89% +* VCIP AAR: 6.72% +* The MER never changes +* I can rebalance through purchasing only, so I don't incur any fees for selling +&nbsp; + +Since historical data for these ETFs isn't available I used [this website](https://www.portfoliovisualizer.com/backtest-asset-class-allocation) to track the 15 year returns for each asset allocation type. + +&nbsp; + +Now these aren't hard rules (regarding portfolio types and time frames) and I'm not sure what exactly is the best way to begin to transition from one portfolio type to another, but considering that's at minimum 15 years away this is a decent model for the evolution of my portfolio over the next 35 years. + +&nbsp; + +If I bought each broad ETF outright I would pay $32,692 in management fees (0.25% MER). If I instead purchased each ETF that VGRO, VBAL, and VCIP hold I would pay $22037 in management fees (~.15%-.17% MER). A difference of $10654 or about $304 per year over the 35 year time frame. So is $304 a year worth it for me to have a completely hands off portfolio? I think so since the more involved I am the more chances there are for mistakes to be made, potentially costing me more than the 10k difference. + +&nbsp; + +Interestingly though, about 2/3 of my total management fees were paid in years 26-35, and it was almost $1000 a year difference in year 35. Considering the point of saving for retirement is to actually *use* the money in retirement, it may make sense to switch to managing things slightly more hands on somewhere between years 26 and 35 or in retirement. 35 years is a long time for me to figure that out though. + +&nbsp; + +So I guess my question to all of you is: Are my assumptions reasonable and do you agree that the 10k difference in management fees is worth it in order to be a bit more removed from the process, reducing chance of error? + +Edit: And if you're interested the total investment was ~~$217500~~ $262500 and the portfolio was worth $1,138,209 in year 35. +XEQT has a MER of 0.20%. Its underlying ETFs (ITOT, XIC, XEF, IEMG) have MERs of 0.03, 0.06, 0.22 and 0.09%, respectively, with allocations in XEQT of 44%, 26%, 25%, and 5%, respectively. + +By my calculations, holding the underlying ETFs results in about a 0.09% MER vs. 0.20% for XEQT. + +I know this would only make a difference on large (likely 500k+) portfolios, but if one didn’t mind rebalancing once or twice a year, does this not make sense to do? + +Am I missing anything else here? Are there any tax advantages for one or the other if held in a taxable account? + +Thanks! +If gamestop issues an NFT dividend on the GME marketplace, the shorts wouldn't be able to claim a fictitious dollar amount( a cash in lieu price ).It would also be harder to claim in court that this was price manipulation, as they would technically have access to buy them( even if the cost is higher than current stock prices ). + +These were the two major issues with the Overstock nft dividend during the court trials : + +https://www.utahbusiness.com/overstock-digital-dividend-ruling-announced/ + +Furthermore they could not argue this was outside of GME's scope of business. It would probably be a slam dunk if they waited until they were profitable, as that is when most stocks pay dividends. Best part is it would cost substantially less than a traditional cash dividend ( minute gas fees only). + +Funny part is we the owners of the NFT would be able to set the ask amount, and looking around at the current marketplace you can see plenty of very very high prices 😅. +Quick question if anyone has had experience with Wealthfront or similar Cash Sweep programs. They are offering one of the most competitive high interest APYs at 2.57%, no lock in period. + +&#x200B; + +However they are not directly a bank and the FDIC coverage they advertise as 1 million is due to them using a mix of unaffiliated banks to store the cash, which provides $250K in coverage per bank, per individual account holder. + +&#x200B; + +What would happen if they went out of business or were unable to withdraw the money? Does their SIPC coverage act as a fallback if somehow the money was not properly swept into the FDIC bank accounts? + +&#x200B; + +[https://www.wealthfront.com/cash](https://www.wealthfront.com/cash) + +&#x200B; + +Thanks for any advice you can offer here. +You can also [read this article on Medium](https://ausaf-rashid.medium.com/investing-in-apecoin-is-a-bad-idea-heres-why-d896c27bc385), with better formatting. + +Ape coin is trending all over the place, so now would be a good time to look at the past performance of popular memecoins and see why it's a bad idea to ape into Apecoin. + +**Technical Analysis** + +"But that dogecoin guy became a millionaire by investing his life savings in cute doggo token". Well here's a chart for Dogecoin. + +[DOGE\/BTC Chart | Binance | Heikin Ashi](https://preview.redd.it/1mrvbri4ldo81.png?width=1020&format=png&auto=webp&s=0e3b93bea732d7693b0f879eb7a82ad0d74d4618) + +No surprises here. Dogecoin has been bleeding against Bitcoin for almost a year now. That means, investors who bought doge, took an **incredibly** higher risk(than btc investors) and got **worse** returns. I can't think of any financial asset with worse risk-adjusted-returns. In short, if you're investing in altcoins, you would want your alt to perform as well as BTC or better since they are inherently riskier. + +Here's a similar story for Shiba Inu: + +[SHIB\/BTC Chart | Binance | Heikin Ashi](https://preview.redd.it/vk43wo69ndo81.png?width=1180&format=png&auto=webp&s=cdd403bf08f3138d87b8d1bfa75a9865f3d6cbba) + +As seen in the previous chart, we can see an initial few days of hype, and then a continuous bleed against BTC. + +**Fundamental Analysis** + +\- + +**Timing** + +Now is probably the worst time to invest in highly speculative assets. The terrible Russia-Ukraine war is happening, and the global economy and supply chains are heavily affected due to that. Taking an excessive amount of financial risk at this moment is the last thing you'd want to do. + +Lastly, if you're playing the short term game, you have already lost. Like all financial markets, crypto will transfer wealth from the impatient to the patient investor. + +TLDR: Don't buy ApeCoin or any meme-coins. You're likely going to regret it. +Article [here](https://www.marketwatch.com/story/new-loan-programs-target-home-buyers-with-just-3-downor-less-2018-08-13) + +Some of the more concerning ones: + +>-Crowdsourcing + +>CMG Financial, a lender based in San Ramon, California, has created Homefundme.com, where prospective home buyers can tap the collective pockets of their social network. + +>“They can basically ask their family, friends, associates, colleagues, Facebook friends to give them five bucks here and there” toward a down payment, Lawless says. + +>-Rental income + +>Meanwhile, Seattle-based Loftium allows prospective home buyers to rent out a room in their future home to help seed their down payment. + +>In exchange for a future share of the rent from your room on Airbnb, Loftium will forecast the income and give you a percentage of that upfront, which you can then apply to your down payment. + +>The borrower will need to kick in 1% of the total down payment; Fannie Mae allows the other 2% to come from Loftium, Lawless says. + +EDIT: [Here are some good example scenarios](https://www.rubyhome.com/home-loans/fannie-mae-homeready-loan-guide/) of how the FNM HomeReady program plays out. My biggest concern is it basically allows you to use income-by-association that has no skin in the game as part of the approval process. There are no mechanisms to determine if that additional income will be willing or available when the borrower runs into trouble down the line. +Hey all, after learning about the snowball effect I'm wondering what to invest in more to accelerate the process. Currently I have a weekly drip of a few dollars in a few stocks I believe in but want to know which kind of payout frequency would be the best for this. I think monthly would be the way to go but after learning how the div yield basically takes into account dividends and the price per share idk if the same rule applies for the snowball effect. So using $KO and $O as the example where one is $50 and the other is $60. Per quarter KO will pay $0.41 where O will pay $0.69 how can I tell which would be more beneficial? +So I have almost 1k invested into his company and before buying it I did my research and at the time accepted the payout ratio, but it's at 560% with a 5.9% dividend yield. The dividend yield for my risk taking is at the limit, I do not have or want any stock with a 6%+ dividend yield. But the payout ratio is mine breaking. For context Realty income has a 277% payout ratio which I find acceptable. What do you guys think about MAIN? +Most of the good dividend stocks are green like the rest of the market. What's your strategy during times like these when the market is green and share prices keep going up? + +I am waiting for the market to dip while accumulating cash on the sidelines. Is this a good strategy? Should I be putting money in Dividend ETFs instead of buying individual stocks? Or should I say screw it and buy stocks as they keep going up, even though this is typically not recommended? +Would it be a wise decision to, instead of using online platforms like Schwab, Etoro, and the like, to instead start an LLC to invest in dividend stocks? The idea currently swirling in my head is to invest in dividend stocks through an LLC whose sole raison d'être is being an investment platform (wether it's for me individually or partnering up with other people interested in dividend investing). + +My second question would be what kind of challenges an endeavor like this would entail? i.e. Do I have to set up the LLC in the US if I want to invest in american stocks even though I live outside the US? Would the company need to be set up in a certain way (legally speaking)? and would it need some kind of license? +I had 2 CSP last week on Intel last week when stock was over $60 did anyone else get burned and get assigned after the bad chip news? I now have 200 shares with an average basis of $57.5. Stock is now around $49.50. So i have an unrealized loss of about $1,600. I dont mind holding 200 shares of Intel, but ive never had the Wheels fall off like this and my original plan was to implement the wheel strategy. I am looking for some insight on my path forward from people that have experience with this. Covered Calls short term at $57-$58 strikes are not very high. + +Is this how the Theta Gang noob loses? Or was i just seriously unlucky! Thanks guys. +Howdy, this is for the beginners, I keep getting questions about what happens when the stock tanks. Just want to show everyone an example. When AMD was $150, I sold 6 $135/$170 30 DTE strangles. 2 weeks have gone by, theta is decaying, EVEN THOUGH AMD is dropping hard, notice how my put side is breaking even? I'm not losing too much. My call side is 100% profitable, which is good. This is not the ideal scenario, at all, ideally, both sides decay, but since I was selling OTM options, even when the stock goes against you, the extrinsic value still decays, its not the end of the world. What I'll do now ... I might roll the entire strangle DOWN and out 14 DTE. I like selling 30 DTE, in caseeeee something goes seriously wrong, I'll sell 45 DTE to help manage any losses. I do not roll for a loss, only break even or a credit.... Ask any questions. + + + +https://preview.redd.it/ghsfewyh93a81.png?width=1399&format=png&auto=webp&s=0b75cafb762ca777ef1c04145e438f7a6f8c189c +If you open at 45dte just to close at 21dte, why not open 24dte and hold to expiry? I'm not seeing how the numbers make sense. You collect much juicier premium closer to expiration. +Interested to hear everyone’s thoughts on this... + +Generally I sell naked puts (I stretch my notional beyond my cash balance... I know, I know) and covered calls (never naked). + +I find I generally make more on my round trips—mostly because I play in blue chip stocks (and the more fundamentally sound growth names) that tend to recover quickly even if I’m assigned shares. + +I’m still bullish tech/growth stocks, despite the events of the last few weeks. + +I’m wondering if rather than selling puts, which theoretically has much greater downside, I ought to be selling Poor Man’s CC’s, my rationale being: + +1. Selling puts could still be catching a falling knife. While I don’t mind owning good stocks, I won’t sell at a loss and would rather not tie up all of my capital in underwater longs. +2. The long-dated long call could be purchased at a substantial discount given tech’s recent decline. If I’m right that we’re still in a tech bull market, it will appreciate over time (and I can write progressively higher calls against it). +3. My cash balance would go much further buying calls (against which to sell more calls) than buying shares. I could be selling OTM calls on dozens of names, rather than only those shares I’m assigned via short put. + +I’m seriously considering this for the coming weeks and would be interested to hear thetagang’s thoughts... I’ve never sold Poor Man’s CC’s but I’m familiar with the idea... + +For those that aren’t, an example: + +Buy AAPL 100C expiring 10/15/21 for 26.00 +Sell AAPL 130C expiring 4/1/21 for 1.60 + +Max loss (highly unlikely, of course) is 26.00 - 1.60 = 24.40 or $2,440 per contract. + +Max gain cannot be calculated (because ideally you sell a TON of calls against the ITM call you purchased) but, if assigned on the first call, is 5.60 or $560 per contract. + +Thoughts on doing this at scale? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep bragging to a minimum; remember every dollar you make is a dollar someone else lost. +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep bragging to a minimum; remember every dollar you make is a dollar someone else lost. +OpenDAO (OPEN) is a sleeping giant that will completely revolutionize global finance. + +Here’s a quick overview of the basics before I get into the specifics of how big this project will be: + +* They are creating a multi-collateral stablecoin that will enable real world assets to interact with the DeFi ecosystem. +* 10m marketcap. +* Already minting stablecoins for multiple top 100 projects. +* Non-anonymous team with experience in tokenizing off-chain assets. Very responsive in telegram/discord. +* Haven’t started marketing yet, but a marketing blitz is planned for the near future. The team has said that multiple tier 1 publications and well-known YouTubers will be creating content about OPEN. They’ve also mentioned that they’re in talks to get listed on multiple big exchanges. +* The token’s primary utilities include being a reward to LPs as an incentive to provide liquidity for the stablecoins and governance of the platform. The team is discussing adding other utilities as well. + +And here’s their website and social accounts: + +* Website: [https://opendao.io/](https://opendao.io/) +* Medium: [https://medium.com/opendao](https://medium.com/opendao) +* Discord: [https://discord.com/invite/SpFwJRr](https://discord.com/invite/SpFwJRr) \- the team has a “VIP” chat that you can join and receive updates about partnerships and the project’s progress before they’re publicly announced. You need to hold at least 1 OPEN in your wallet to join. + +Now that you’ve got the basics, let me explain what the OPEN project is doing and why it’s such a big deal. + +The OPEN team is creating a suite of stablecoins that mirror the value of real world currencies; so far they’re working toward creating USD, EUR, GBP, INR, AUD, and SGD stablecoins. + +These stablecoins will have the ability to be backed by any type of collateral, including cryptocurrencies, stocks, real estate, vehicles, and gold/silver. They will accomplish this by creating tokenized versions of those assets on-chain. + +The creation of these multi-collateral stablecoins would allow anyone in any country to tokenize their real world assets and use them to transact globally. As real world assets are currently unable to participate in the DeFi ecosystem, OPEN will have enormous implications for the financial world. + +First of all, it would provide a gateway for the vast majority of the world’s wealth to utilize DeFi’s innovative tools and protocols. + +About 75% of the world’s wealth is in off-chain assets like real estate, stocks, and precious metals. Here’s a breakdown of how much of the world’s wealth invested in each type of asset: + +* **Global real estate: $280 trillion** +* **Traditional money: $95 trillion**. This includes cash, coins, bank accounts, money market accounts, and checking/savings/time deposits. +* **Global stock markets: $89 trillion** +* **Gold + silver: $11 trillion** +* **Cryptocurrency: $1.6 trillion** + +*Data sourced from* [*Virtual Capitalist*](https://www.visualcapitalist.com/all-of-the-worlds-money-and-markets-in-one-visualization-2020/)*.* + +At the moment, anyone with non-fiat off-chain assets who wants to utilize the value, innovation, and decentralization that DeFi provides - whether they be a financial institution, individual investor, or average Joe - would be forced to sell their asset for fiat and buy crypto through an exchange, losing a decent percentage of their holdings in the process from the exorbitant exchange fees. + +If those real world assets were able to be tokenized and used as collateral for loans, investors could keep their assets and take advantage of a global DeFi bank that can create secure, stable money backed by real world productive assets. + +The other massive implication is that it will fix a critical problem within traditional finance: access to inexpensive credit is largely dependent on where you live and the laws governing your country. + +Getting a favorable line of credit - whether it be for a business venture, a home or car purchase, or anything else - can be nearly impossible if you live in a country that lacks access to cheap credit, even if you have a perfect financial track record and have a valuable asset to offer as collateral. + +The introduction of a multi-collateral stablecoin provides access to credit that isn’t dependent on the laws governing your country. It also benefits those in financially advantaged countries, as they will have a much larger pool of companies and investors they can transact with. + +**How will the OPEN team accomplish this?** + +The OpenDAO roadmap consists of four phases: + +* Phase 1: Create stablecoins for liquid on-chain assets (Bitcoin and altcoins) +* Phase 2: Create stablecoins for liquid off-chain assets (stocks) +* Phase 3: Create stablecoins for small illiquid off-chain assets (vehicles, precious metals) +* Phase 4: Create stablecoins for large illiquid off-chain assets (real estate) + +At the moment they’re almost finished with phase 1: creating USDO stablecoins backed by altcoins. + +This is not theoretical; multiple top 100 projects are already minting stablecoins with OPEN, including: + +* Algorand (3b mcap): [Algorand and OpenDAO: Joining Forces](https://medium.com/opendao/algorand-and-opendao-joining-forces-8dd9ae9150a2) +* Elrond (2.3b mcap): [Elrond + OpenDAO: $EGLDO Stablecoin](https://medium.com/opendao/tokenised-gold-silver-in-defi-a2f305afae80) +* Ravencoin (1.7b mcap): [Ravencoin + OpenDAO: $RVN Backed Stable Coin](https://medium.com/opendao/ravencoin-opendao-rvn-backed-stable-coin-7b4f15b47abb) +* Ocean Protocol (600m mcap): [Ocean + OpenDAO: A New Stablecoin](https://medium.com/opendao/ocean-opendao-uma-a-new-stablecoin-269241dd8c5d) + +They're also working closely with UMA (1.3b mcap) to use their protocol to track prices, protect from flash loan attacks, and accept new tokens as collateral. + +They’ve *also* made progress on phase 3 as well; as of March 22nd, they’ve added tokenized gold and silver to the Binance Smart Chain thanks to a partnership with [Ainslie Bullion](https://www.ainsliebullion.com.au/) (announcement: [Tokenised Gold & Silver in DeFi: Ainslie Bullion + Value DeFi + OpenDAO](https://medium.com/opendao/tokenised-gold-silver-in-defi-a2f305afae80)). + +This tokenized gold is 100% backed by Ainslie. If you own the token, you can exchange it for real gold or silver. + +The technical aspects of how they’re going to complete phase 2, 3, and 4 are pretty complex, but you can read their full whitepaper here: [OpenDAO Whitepaper v2](https://opendao.gitbook.io/whitepaper-v2/). OPEN also has a pair of explanatory videos that make everything pretty easy to understand: + +* Explanation of the benefits of altcoin-backed stablecoins [https://vimeo.com/524695458](https://vimeo.com/524695458) +* Explanation of the off-chain enforcement protocol (CashBox): [https://vimeo.com/478731239](https://vimeo.com/478731239) + +This is a real opportunity to get in on a game-changing project before it takes off. + +Given the enormous projects already minting coins with OPEN and the many projects that will inevitably follow, OPEN is incredibly undervalued at its 10m mcap. + +The flood of altcoin stablecoins alone will bring a lot of utility to the crypto market, and the exposure to the communities of the many projects that will mint stablecoins is essentially free marketing to a large percentage of the crypto world. + +And that’s only the beginning. Once tokenized houses and cars start going on-chain, this is going to skyrocket. + +Knowledge of and excitement about this project WILL go up, and the price will go up with it. + +You can currently buy OPEN on Uniswap, PancakeSwap, Bilaxy, and Hitbit. + +Here’s the Uniswap link if you’d like to buy in before this moons: [https://app.uniswap.org/#/swap?outputCurrency=0x69e8b9528cabda89fe846c67675b5d73d463a916](https://app.uniswap.org/#/swap?outputCurrency=0x69e8b9528cabda89fe846c67675b5d73d463a916) +Whilst I am outraged at the scandal. I can't understand how it negatively affects the debtors in the economy? + +I define the debtors as: + +* Mortgage holders +* Loan holders +* Student loan holders +* And any other type of people that borrow money + +As Barclays et al have set the Libor lower than it should be most of the time (assumption here). Than the rate at which loans where offered should have been lower than they should have been without Libor fixing. Surely, this has been a positive benefit to anyone who owes money (this is a lot of people)? + +In other words, take for example Pat. Pat has been borrowing at Libor + 2%. In a world without corruption Libor is set at 5%. So Pat borrows at 7%. + +In a world with corruption and Libor fixing, Libor is set at 4%. Pat borrows at 6% in this world. + +Pat is better off in a corrupt, Libor fixed world. He borrows at 1% less. Assuming that most of us are debtors like Pat, can we not say that we have benefitted, much like Pat. + +Obviously creditors have been hurt. +Hi reddit, I was wondering why is most clothing soo expensive? even when looking at small name brands the prices seems outrageous, spending about two hours of work (your life) on a single shirt? ofcurse everyone can do whatever they want but it seems mad to me! especially when the shirts typically are not the best quality and were probably made somewhere in china for 5$ + +&#x200B; + +where do you usually get your clothes from? would love some help thanks! +Chip Wilson has been vocally complaining about the board of Lululemon. So Anders Keitz at The Street thought she'd ask the board members about their side of the story. What has happened since is pretty epic: she found out that one board member at the very least is really really difficult to find and Lululemon really doesn't wanna talk about this. + +It all started with her story [Lululemon's Ghost Board Member: Who Is Rhoda Pitcher?](http://realmoney.thestreet.com/articles/06/18/2016/lululemons-ghost-board-member-who-rhoda-pitcher) She followed up with [Lululemon Has a Rhoda Pitcher Problem](http://realmoney.thestreet.com/articles/06/21/2016/lululemon-has-rhoda-pitcher-problem) where we learned the company really doesn't believe in transparency all that much. Now we got [Lululemon Director Rhoda Pitcher Is 'Valued' -- but Still a Mystery](http://realmoney.thestreet.com/articles/06/22/2016/lululemon-director-rhoda-pitcher-valued-still-mystery) ... a week and still bupkus from the company. + +I don't know about you guys but I'm getting my popcorn. However this turns out, be it a terrible, slow response that clears it all up or outright fraud, this will be one for the books. And if you are still in that company ... brass balls, ladies and gents. Brass balls. +I think I started browsing here about 1.5 - 2 years ago and just started soaking in all of the financial wisdom and advice. I don't post much, but it's been a real informative experience to just see all the different financial situations that arise and the good advice to help mitigate them. My parents have struggled with financial problems their entire lives, despite me growing up fairly well off. I've determined to not have those problems as an adult. + +I took the first step and saved up $8,000 to pay off in lump sum one of my several student loans. Feels really good to thit his milestone and I just wanted to give a huge shout out to all the people who regularly give out advice here and help those in need. + +You help more than just the people you reply to and you certainly helped me :) + +8k down. 46k to go! + +The Nitty Gritty: + +**Annual Salary:** $40,000 gross + +**Bills:** + +* $500/mo - Rent + +* $250/mo - Student Loan + +* ~~$200/mo~~ - ~~Student Loan~~ + +* $200/mo Utilities - (internet, heating/electric) + +* $450 - $550/mo - Food (includes food for two cats and a dog) + +* $100/mo - Entertainment (Netflix, Spotify, video games) + +* ~$100/mo - Credit Card (revolving Credit that built up a little, should have paid it off first, but it's less than $500 so not a serious issue). + +* ~$50/mo - Other odds and ends. Car insurance, impulse purchases, etc. + +**Additional Stuffs** + +* I'm 25 + +* Last year I took a ~$15,000/year paycut to transfer to the place I work now. Old job had zero career prospects and had a toxic work environment. + +* I only really started taking my finances seriously until last year. I went from having no money in savings and 3k in CC debt to where I am now with minimal CC debt, an emergency fund, and paying down student loans. + +* I'm not great with my money, I tend to buy what I want, but I'm learning and PF has helped me a lot in this regard :) +I see a lot of posts of people claiming property prices are about to fall significantly, I don't think prices will drop much in the short term and it certainly won't be as catastrophic as 30% falls for a few reasons; + +\- The government has made it clear they will do anything they can to prop up the economy and especially the housing and construction sectors. At this point I wouldn't be surprised to see superannuation released as part of a home buyers scheme. + +\- Supply of for sale homes is likely to stay low before any crash comes as people and government do anything they can to avoid selling for a loss. + +**And the biggest reason imo;** + +\- The stimulus that has been used so far has led to a lot of people with a significant amount of extra cash then they had pre-Covid. Especially small business owners who aren't particularly impacted by Covid, they are all receiving up to 100k in PAYG Cash Boost by EOM, September. That's a deposit right there. Add JobKeeper, which is subsidising employee wages, as well as Australians stuck at home and saving for the last 6 months to that and you have a potential oversupply of new buyers. + +I just can't see the falls coming. +I live in Spain. I moved out of my parents house 4 months ago and I can't come back because of problems with my family. I live in a small apartment that I could afford because I had a part time job, but I lost it a month ago and now I literally have 0 money. I am desperate. I eat badly, no going out, had to drop my studies (it was my second year in aeronautical engineering) because I can't pay the tuition since the studentship was denied to me, friends can't help me (they are students and live with their parents). I am looking for a job but I got nothing. I thought that I could ask for a small loan, something around 500 euros, enough to pay my rent this month and give me time to get a job, but it is not very clear to me. What do you think? +##Goal +During December I will donate 25 Bitcoin, 1 each day leading up to Christmas, to a cause suggested by r/Bitcoin. +It can be a charity, open source project, crowdfund or anything else. + +&nbsp; + +I am hoping that these daily posts and donations will encourage others in the community to give Bitcoin this Christmas. +Especially people who have benefited from the rise in price recently. +&nbsp; + +##Get involved +Submit a suggestion in the comments of a cause you would like to see donated to. Also post a link to their Bitcoin donation page (not address) if possible. +Even if your suggestion is not donated to by me this month hopefully it may be seen by others here who may choose to donate. + +&nbsp; + +Each day I'll pick a cause from the suggestions, likely the most upvoted one, and donate 1 Bitcoin to them. +I'll ignore any scams, begging, college fund requests etc. + +&nbsp; + +I will try to send donations as fast as possible but there may be times where I have to do more research or checks to verify the suggestions are legit. +&nbsp; + +If you wish to give but don't have the time to check Reddit for the rest of the month you can send Bitcoin to my address: +&nbsp; + +**34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b** +&nbsp; + +I will divide the extra Bitcoin sent to that address by 25 and donate it to each of the chosen causes on the 25th or the 26th. + +##Proof of funds +Message: "Give Bitcoin this Christmas" +Address: 34WbSyrtibUJiFbRa7ukLC8RGdFMnQRn4b +Signature: I8vZgsyOb1CKbTjo/Mravp03yIFnC94GNTVYOkBbhIUPUajfKPg4nh8zj7dWu5qzev2nsAtByLwpHHDnVwyAxsI= + +Note that the address above doesn't contain 25 now due to sending donations so the funds moved to change addresses. +You need to verify it using Trezor. + +##Donations + +| Day | Cause | Proof of donation | +|:------|:------------|:------------| +| [1](https://www.reddit.com/r/Bitcoin/comments/7gpe1q/give_bitcoin_this_christmas_ill_start_with_25/)|[EFF](https://www.eff.org/)| [tx](https://blockchain.info/tx/bf4b8cdb8f11a347cede1eb121fa8fb4750d2827bd58cd69b2ddd4cdb07382cf) , [tx](https://blockchain.info/tx/bf51b214767b6d95dab4f0665cb9d3d7a332577a72f63b55f504fd895da885b8) ,[tx](https://blockchain.info/tx/3fbea4e956c296f311d08410b7ef06d3dd0d434187b2cc5877bf09610fd2f68d) , [tx](https://blockchain.info/tx/32f1e3ef6568148d2c2749965fa45d1444c5a8f8e9676df954ffd512b163004c) | +| [2](https://www.reddit.com/r/Bitcoin/comments/7h4cny/give_bitcoin_this_christmas_ill_start_with_25/)|[Khan Academy](https://www.khanacademy.org/)| awaiting deposit address | +| 3| [Give Directly](http://www.givedirectly.org)| [tx](https://blockchain.info/address/1KhQ2Vt43DeEp7mynDo3vwk3rKmC1agJya)| +&nbsp; + +Warning: Don't send to addresses I have without checking donation pages first. Some of those were temp wallets produced by their payment processor. + +Tesla and SpaceX CEO Elon Musk has abandoned his plans to join the board of Twitter, his social network of choice. Twitter CEO Parag Agrawal announced on Sunday that Musk remains the largest shareholder of Twitter, and the company will remain open to his input. + +https://www.cnbc.com/2022/04/11/elon-musk-decides-not-to-join-twitter-board-says-ceo-parag-agrawal.html +The ability to do what you want, when you want, where you want, with whoever you want. + +For the price of less than $180 we have access to this once in a history opportunity. + +Because we are made for something greater than an 8 to 5. We are made for something much much greater than that. We are a cosmic miracle. And we are seeking expression of the ultimate best version of us. Our next phase of evolution is not a physical one. It’s a consciousness one. The Apes are awake. And the hedgies are fukt. To the moon! 🦍🚀 +Wells Fargo reported fourth-quarter earnings of $1.38 per share, which beat the estimate of $1.12 per share. The company reported quarterly revenue of $20.86 billion, which came in well above the estimate of $18.78 billion. + +Cramer said + +>"This is a very good sign of things to come." + +Would you think he's finally right or more like the opposite? +Or does the bank have ways to recover it other than seizing the collateral? + +If real estate is really in a shit position right now, why aren't people using it as a way to recover money? +Are there any AMC's that permit investments via a debit card? Until few months back, Motilal Oswal did have an option to use a debit card, Paytm Money had that option until 4-5 months back. Don't seem to find any option now. +Reason why I want to use a debit card only is a very silly one, need to spend an X amount by 31 Dec to earn 10X bonus points. Investing in a liquid fund will help me achieve it. +* DHFL - Panic selling after DSP fiasco, RBI to tighten regulations. Corrected more than 70%. +* Edelweiss - Seemed a very strong company before the NBFCs fell. Strong consistent growth for the past five years. But to be affected by the RBI regulations. Corrected more than 54%. +* Indusind Bank - Has exposure to ILFS, and has set aside 275 Cr. for the same, and had it not been for the same, it would have had the same 20%+ consistent growth year-on-year. Corrected more than 28%. +* Indiabulls Housing - Exposed to Supertech, and has the same problems as with other NBFCs. Corrected more than 48%. + +I have a few specific questions: + +* Are there any other specific issues with these companies? +* Is it worth catching the falling knives if I can wait for an year for a turn around? +* The RBI regulations and decrease and difficulty in securitization for NBFCs will definitely lead to slower growth and decrease in earnings. Most of the NBFCs look good when looking at trailing PE, but how to estimate the future PE, and at what valuations do they look good? +Hello, + +I'm asking this question for a second/third/subsequent house as an investment, not for self use. Let's say there is a ready-possession 2Bhk apartment in Mumbai that costs Rs.1,60,00,000 to buy inclusive of stamp duty, registration, GST, etc. + +Present Rent Receivable is Rs.40,000 per month. + +Monthly Maintenance (society levies, water charges, property taxes etc; but excluding electricity) of the apartment is Rs.5,000 per month. + +Upfront payment is Rs.24,00,000. I could take a 10 year long loan for remaining Rs.1,36,00,000 at interest rate of 8.5% which makes the EMI approximately Rs.1,60,000 + +Let's say the area is fairly developed already and property rates are appreciating at 4%-6% pa. + +The yearly income+appreciation is substantially less than loanEMI+liabilities as per my rough napkin calculations, so I guess only tax benefit remains to justify the investment. I'm really confused about tax benefits/deductions aspect of this. Section 80C, Section 24, Section 80EE and any other. What about capital gains? How much potential tax saving am I looking at (assuming current tax regime remains stable with increases proportionate to inflation)? + +What am I missing? What factors have I overestimated or underestimated or not considered that one must while making real estate investment? Is there a guide on r/IndiaInvestments about this that I have missed? How do I calculate the rate of appreciation needed to justify this as an investment (i.e. beat inflation)? + +Thank you! + +We encourage all our visitors to ask those investing related questions they were always too afraid to ask. This thread will be moderated, to ensure it remains free of harassment and other undesirable behavior. + +The members of /r/IndiaInvestments are here to answer and educate! + +If you are looking for which brokerage to use, which fund house is more capable and trustworthy, which investing platform to use, which insurance company is reliable etc., you may want to read the reviews for [banking and financial services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new), [mutual funds and asset management services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20mutual%20funds%20and%20asset%20management%20services&restrict_sr=1&sort=new), [brokerage products and services](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20Brokerage%20products%20and%20services&restrict_sr=1&sort=new), and [insurance products and services](https://www.reddit.com/r/IndiaInvestments/search/?q=flair_name%3A%22Reviews%22%20%22Reviews%20of%20Insurance%20products%20and%20services%22&restrict_sr=1&sort=new). Generally speaking, there is no best company, or fund, or bank. Answers are always subjective to your personal needs, but those threads a starting point for you to look at what other Redditors have to say about a company, product or service. You, may then ask a more specific question about what product or service to buy, once you are able to frame your personal situation. + +**NOTE** If your question is "I have 10,000 rupees, what do I do?" or anything similar. There is no single answer to this question, but we will also need A LOT MORE information if we are to give some sort of answer + +* How old are you? +* Are you employed/making income? +* How much? What are your objectives with this money? +* What is your risk tolerance? (Do you mind risking it at blackjack or do you need to know its 100% safe?) +* What are you current holdings? (Do you already have exposure to specific funds and sectors?) +* Any other assets? House paid off? Cars? Expensive partner? +* What is your time horizon? Do you need this money next month? Next 20yrs? +* Any big debts? +* Any other relevant financial information will be useful to give you a proper answer. + +Be aware that these answers are just opinions of Redditors and should be used as a starting point for your research. You should strongly consider seeing a registered financial rep before making any financial decisions! + +Previous Threads [Links](https://www.reddit.com/r/IndiaInvestments/search/?q=%22bi-weekly%20advice%20thread%22&restrict_sr=1&t=all&sort=new) +Hello r/IndiaInvestments, since r/AlgoTradingIndia was banned from Reddit and this sub in particular doesn't allow technical analysis. I've created r/IndiaAlgoTrading where you can discuss everything about quantitative, statistical, analytical & technical strategies for trading in Indian markets. + +I'm aware that Algo trading is a very limited niche in India at this point, but even a small community with some resources would work in spreading awareness about it. + +Again, the sub is r/IndiaAlgoTrading. Thank you for the time! +Say I stop working full time in the next 5 to 10 years, and have £1 million in investments. 30, I currently live in Asia and working as a international school teacher. I have no immediate plans to return to the the west. Would living off the dividends from a 80/20 portfolio, made up of a Vanguard global equity fund and a global bond fund, be a reasonable approach? I am quite risk averse, not so much in terms of investment choices (I am currently at £640,000 net worth, with a 85% allocation to a global equity tracker) but in terms of running out of money in old age. +**EDIT**: This is Unemployment data that is *mostly* a direct result of Covid19. The most recent unemployment data shows that the U.S. was already at roughly 3.5% or 6,000,000 people. Adding the additional (roughly 6 million people), leaves a total of about 12,000,000, double what it was before this pandemic started. + +**EDIT # 2:** I created an additional link below that is view/comment only as the original got spammed pretty hard. Add comments if you have any new information you'd like me to include. + +[https://docs.google.com/spreadsheets/d/1WLJ1j7igM88C2XysCuN4lMH7W2NUdZq4dnO0DbyR7H4/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1WLJ1j7igM88C2XysCuN4lMH7W2NUdZq4dnO0DbyR7H4/edit?usp=sharing) + +EDIT #3: For everyone saying it’s 3.28, yes that’s correct for the one week that was reported. A lot of the data that I have dates back to early March, that’s why I said most of the data is a week old and not current. + +Hey everyone, I compiled a list of every US state with the corresponding number of unemployment claims submitted recently due to the Coronavirus shutting everything down. + +Based off of the most up-to-date news articles found online, so far there have been nearly **6 million** unemployment claims submitted in the US in just this past week alone. + +The list I compiled is missing about 15 states, so I expect the number to be much higher. It's also important to mention that a lot of the sources used are roughly a week old. It seems like states have been withholding numbers recently due to Trump's orders. + +Here is a link to the Google Spreadsheet I created, anyone can make edits/add data and notes. + +[https://docs.google.com/spreadsheets/d/12QBxigFgOfDHLbc9SB7W6le6ICHONBG-7AwAe9hXEko/edit?usp=sharing](https://docs.google.com/spreadsheets/d/12QBxigFgOfDHLbc9SB7W6le6ICHONBG-7AwAe9hXEko/edit?usp=sharing) +I have $10k CAD ready to deploy on a USD ETF. The plan is to eventually invest $15k in 2 USD ETFs, but I currently have $5k CAD wrapped up in O/G. + +Would it be worth my time/money to do 1 now for $10k, and another who knows when in the future for the other $5k, or does it make sense to wait until all $15k is available? + +Thanks for any help here. This would be my first time doing Norbert's Gambit. I'll be using Questrade. +I want to improve my weight in REIT's and currently hold: + +Symbol Weight (%) +NXR-UN.TO 18.51% +SRU-UN.TO 3.43% + +Curious about other people's recommendations for long-term REIT's to DD? +Laurentian Bank of Canada is offering a high interest savings account yield of 3.3% That seems pretty incredible as RBC is only offering 2.5% for the first 3 months and then down to 1% + +Does anyone have any experience with this bank ? Also CDIC only insures up to 100k , is this something to worry about ? + +Any information would be great as I'm a bit hesitant about putting money into LB +The Federal Reserve on Wednesday raises its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over yet despite some promising signs lately. + +Keeping with expectations, the rate-setting Federal Open Market Committee voted to boost the overnight borrowing rate half a percentage point, taking it to a targeted range between 4.25% and 4.5%. The increase broke a string of four straight three-quarter point hikes, the most aggressive policy moves since the early 1980s. + +Along with the increase came an indication that officials expect to keep rates higher through next year, with no reductions until 2024. The expected “terminal rate,” or point where officials expect to end the rate hikes, was put at 5.1%, according to the FOMC’s “dot plot” of individual members’ expectations. + +The new level marks the highest the fed funds rate has been since December 2007, just ahead of the global financial crisis and as the Fed was loosening policy aggressively to combat what would turn into the worst economic downturn since the Great Depression. + +This time around, the Fed is raising rates into what is expected to be a moribund economy in 2023. + +Members penciled in increases for the funds rate until it hits a median level of 5.1% next year, equivalent to a target range of 5%-5.25. At that point, officials are likely to pause to allow the impact of the monetary policy tightening make its way through the economy. + +The consensus then pointed to a full percentage point worth of rate cuts in 2024, taking the funds rate to 4.1% by the end of that year. That is followed by another percentage point of cuts in 2025 to a rate of 3.1%, before the benchmark settles into a longer-run neutral level of 2.5%. + +However, there was a fairly wide dispersion in the outlook for future years, indicating that members are uncertain about what is ahead for an economy dealing with the worst inflation it has seen since the early 1980s. + +The newest dot plot featured multiple members seeing rates heading considerably higher than the median point for 2023 and 2024. For 2023, seven of the 19 committee members – voters and nonvoters included – saw rates rising above 5.25%. Similarly, there were seven members who saw rates higher than the median 4.1% in 2024. + +The FOMC policy statement, approved unanimously, was virtually unchanged from November’s meeting. Some observers had expected the Fed to alter language that it sees “ongoing increases” ahead to something less committal, but that phrase remained in the statement. + +Fed officials believe raising rates helps take money out the economy, reducing demand and ultimately pulling prices lower after inflation spiked to its highest level in more than 40 years. + +The FOMC lowered its growth targets for 2023, putting expected GDP gains at just 0.5%, barely above what would be considered a recession. The GDP outlook for this year also was put at 0.5%. In the September projections, the committee expected 0.2% growth this year and 1.2% next. + +The committee also raised its median anticipation of its favored core inflation measure to 4.8%, up 0.3 percentage points from the September outlook. Members slightly lowered their unemployment rate outlook for this year and bumped it a bit higher for the ensuing years. + +The rate hike follows consecutive reports showing progress in the inflation fight. + +The Labor Department reported Tuesday that the consumer price index rose just 0.1% in November, a smaller increase than expected as the 12-month rate dropped to 7.1%. Excluding food and energy, the core CPI rate was at 6%. Both measures were the lowest since December 2021. A level the Fed puts more weight on, the core personal consumption expenditures price index, fell to a 5% annual rate in October. + +However, all of those readings remain well above the Fed’s 2% target. Officials have stressed the need to see consistent declines in inflation and have warned against relying too much on trends over just a few months. + +Central bankers still feel they have leeway to raise rates, as hiring remains strong and consumers, who drive about two-thirds of all U.S. economic activity, are continuing to spend. + +Nonfarm payrolls grew by a faster than expected 263,000 in November, while the Atlanta Fed is tracking GDP growth of 3.2% for the fourth quarter. Retail sales grew 1.3% in October and were up 8.3% on an annual basis, indicating that consumers so far are weathering the inflation storm. + +Inflation came about from a convergence of at least three factors: Outsized demand for goods during the pandemic that created severe supply chain issues, Russia’s invasion of Ukraine that coincided with a spike in energy prices, and trillions in monetary and fiscal stimulus that created a glut of dollars looking for a place to go. + +After spending much of 2021 dismissing the price increases as “transitory,” the Fed started raising interest rates in March of this year, first tentatively and then more aggressively, with the previous four increases in 0.75 percentage point increments. Prior to this year, the Fed had not raised rates more than a quarter point at a time in 22 years. + +The Fed also has been engaged in “quantitative tightening,” a process in which it is allowing proceeds from maturing bonds to roll off its balance sheet each month rather than reinvesting them. + +A capped total of $95 billion is being allowed to run off each month, resulting in a $332 billion decline in the balance sheet since early June. The balance sheet now stands at $8.63 trillion. + +&#x200B; + +Source: [https://www.cnbc.com/2022/12/14/fed-rate-decision-december-2022.html](https://www.cnbc.com/2022/12/14/fed-rate-decision-december-2022.html) +I have recently shared my latest project with you guys - a trading algorithm connected to Binance that buys cryptocurrencies based on how positive the daily news sentiment is for the top 100 crypto news feeds. + +With the help of some talented Redditors and GitHub contributors, the algorithm is now more powerful than before, allowing you to further configure how you would like it to trade. + +Many of the improvements made, were actually suggested by you in the previous post, so thanks to you all, there is now a better news algo that we can all use! + +The algorithm analyses the news sentiment from biggest crypto news sites, and automatically decides what coins to buy or sell based on how many times a coin is mentioned across all headlines, and how positively or negatively it's depicted in the news headlines. + +I've been working on this project for about a month now, and I can say that the bot is now in a state where it can be used and it's stable! I haven't yet tested it on the mainnet but I will put together some reports on its performance on the testnet and will post on here. + +&#x200B; + +Here is the link to the open-sourced project: + +[https://github.com/CyberPunkMetalHead/Binance-News-Sentiment-Bot](https://github.com/CyberPunkMetalHead/Binance-News-Sentiment-Bot) + +And here is a step-by-step guide if you would like to set the bot up yourself but you need some more guidance on how to do so: + +[https://www.cryptomaton.org/2021/04/17/how-to-code-a-binance-crypto-trading-bot-that-trades-based-on-daily-news-sentiment/](https://www.cryptomaton.org/2021/04/17/how-to-code-a-binance-crypto-trading-bot-that-trades-based-on-daily-news-sentiment/) + +This is a guide on how to set up the base version, not including the latest updates, for a guide on how to add additional featured to the bot please see: + +[https://www.cryptomaton.org/2021/04/24/improving-binance-news-trading-algorithm/](https://www.cryptomaton.org/2021/04/24/improving-binance-news-trading-algorithm/) + +If you do follow either guides, I suggest working off of the code posted on GitHub as that contains the updated latest version of the algo. + +Happy coding! +With winter coming I finally landed a job after hundreds of applications! 12 dollars an hour 8-10 hours shifts. It’s decent for my area! Everything mostly pays 10$ an hour around me despite inflation absolutely destroying our area😩 Little worried about driving the road when it snows cause my car is not suited for ice or snow but we will get there when we get there I guess. Wish me luck! + +I hope I make enough to at least cover rent and have a dollar or two to save after. +So I'm sitting on a little bit of savings (~25k), don't really have a plan for it at the moment except maybe to start an IRA. I make a little over 40k a year, contribute to my 401k to the maximum employer match, and pay only $250/m in rent to share a room in a house with my girlfriend and some other roommates. I have no loans, credit card debt, or car payments. + +My parents think I should buy a house. The thing is housing is pretty expensive where I live, but my rent is super cheap. I'm not sure I'm necessarily settled enough to want to buy a house for myself at the moment, and it's expensive. My brother, however, lives in an area where housing is pretty cheap (Pittsburgh) but he pays a lot for rent, and doesn't make much money at all. + +So my parents think it's a great idea for me to buy a ~100k house in Pittsburgh and rent it to my brother for slightly more than the Mortgage. They say that housing is usually a pretty good investment, and that I should be owning at this point in my life. They make it sound like it's all pretty simple and will almost definitely come out in my favor, that I'll just sell it later and get my money back. Personally, I'm not convinced it's so simple. I buy a house, pay closing costs, property taxes, upkeep, and technically be a long-distance landlord, doesn't sound like an amazing opportunity other than the chance to help my brother out. What do you guys think? +The profit and loss statement in particular is the 2013 P&L statement of NH Hotels. It can be found at http://corporate.nh-hotels.com/en/shareholders-and-investors under Financial Information => Rating & Debt Issues => 2013 Full Year Report => Page 2 + + + +I attempted to make a summary image of my problem, you can find it here: http://imgur.com/s06CkWl + + +Thanks +Lately I've been thinking about how our country would function without a central bank. I would love to hear some of your arguments for or against having a central bank or any other input you have on the topic. +Had a great couple months with consistent profitable entry/exit and not being greedy. But I had a FOMO "make up" trade happen that threw me off then I did a second losing one. Now I'm rattled a little bit. Per the day trading addict on you tube you have to learn to be a good or smart loser. I'm going to relax for a few days and not worry about any trade I may be missing at all because there's easily a trade or 2 a day the way I scalp. Its important to be into something that is not the market at all so I'll try some new cooking recipes for the next few days. Up next is fresh mozzarella gnocchi!! +I’m curious about how common it is for a profitable trader to go travel around. I would think that you just need to be disciplined, stay at places with good internet connection, and spend hours everyday trading at any destination. + +How has it worked out for you? + +How do you deal with jet lag? If I don’t get 8 hours of sleep my brain is slow the next day. + +I’m curious about this lifestyle and aspire to achieve this. Would be cool to get some motivation from hearing others success stories. +Remember the ATH's back in Dec 2017 and the way this sub ballooned in subscriptions. + + +After the crash there were many that appeared to have made first investments in and around that period and were badly rekkt. + + +Many posts were of quite bitter sentiment and resentment towards crypto afterwards. + + +To be fair, no "be cautious" posts ever seemed to be upvoted. Lets admit it, when bags are pumping the last thing that will get upvoted is be careful if you're thinking about pumping them some more. + + +So here's an attempt this time round, it will most likely gain little traction but its an attempt at least. + +The amount of money that has flowed in to crypto recently can just as quickly flow back out again, so please don't wind up getting caught out by the tide. + + +Crypto is here forever so no need for FOMO, stay a while and have fun learning that's something that the market can never take away from you. +If this is still bull market, the stock market will experience more short term volatility, but the medium term is bullish. + +&#x200B; + +But even if this is the start of a bear market, the stock market will make a medium term bounce soon. Bear markets don't drop in a straight line (eg see 2007, 2000, 1973, 1969) + +&#x200B; + +r/https://bullmarkets.co/stocks-continue-crash/ +If this is still bull market, the stock market will experience more short term volatility, but the medium term is bullish. + +&#x200B; + +But even if this is the start of a bear market, the stock market will make a medium term bounce soon. Bear markets don't drop in a straight line (eg see 2007, 2000, 1973, 1969) + +&#x200B; + +r/https://bullmarkets.co/stocks-continue-crash/ +Pretty straightforward. This sub is bullish on quite a few projects. Of this sub’s favorites, which one do you go against the grain on and are actually bearish? + +I’ll start: ALGO + +Disclaimer: I do own a small bag of ALGO. + +I was quite bullish on ALGO when it was below $1, but now I’m not so sure. It saw a big run up with other L1s in autumn such as SOL, AVAX, LUNA, etc. However, those coins run ups coincided with great increases in Total Value Locked (TVL). ALGO, on the other hand, did not see that rise. I still think ALGO has great potential and governance rewards are great, but I’m short term bearish on this project until we start seeing more dApps appear on it. + +With my opinion that you definitely don’t care about out of the way, what coin are you bearish on? +I am having an interview this Friday for the job that I wanted (let's call it "job X"). But at the same time, another department from the same organization has contacted me and offered me an interview a day before job X interview. + +This is happening because while I sent out my resume to job X, I threw a few blind darts and one of them landed in the same organization. I did this because I really wanted a career change (anything I can get my hands on to get out of the current job kind of mindset). + +So my questions to all of the redditors who are familiar with HR/management/job interviews etc , should I decline the interview that I am not particularly interested in, in order to focus on job X interview? or should I use it as a learning experience to prepare myself for Friday? What effect would it has if I encounter some of the same interviewers on both days (it is an interview panel so multiple interviewers will be presented). If anyone can share their experiences or advices I am all ears! +I'm a 28 year old working in tech, living in a 1 bed flat alone. + +My rent is 47% of my salary per month. I moved out of home and I'm coming up to the end of my 6 month contract. + +My parents live very close and have offered to take me back in for another year or however long it takes me to save more to buy or be in a better position. + +The problem is I've bought furniture, including a medium sized fridge, a sofa, bed, coffee table, tv, microwave, table and chairs etc.. + +Originally I thought I'd just put it in storage till I'm ready to move out again, but now I'm thinking I could be there for a whole year or who knows how long again. The price of storage over that time would then equal or become more than what I paid for all these items. + +I only have one month to give notice and sort this out. I regret not thinking about this sooner and now I'm really worried about it all. + +I could put everything on gumtree, or put it in storage for now to buy more time? + +I'm a young female professional who wanted their independence but given the recent news, and looking at the property market, I think maybe I shouldn't have even moved out at all in this climate. I do really like my flat, and I reckon the rent on it will go up if it gets re-advertised. If I had a partner to share it with, it'd be much easier but I don't. + +What do you think I should do? + +\- Cut my losses and sell the furniture and come home for a couple of years and save hard for a deposit + +\- Go home but store furniture + +\- Rent somewhere cheaper (many places look really grim though and around the same price -- I think I got a good flat thats very rare to find) + +\- Continue renting and accept I'll be saving at a very slow rate and not get on the property ladder unless I find a partner or increase my salary by a lot in the coming years + +&#x200B; + +I would really appreciate your advice. +TL;DR - bearish outlook (\*\*\*trigger warning\*\*\* ) + +Most people in bitcoin social media are mega bulls who go crazy at anyone with a hint of bearish projections. I posted a little while back about how futures might impact bitcoin price in a negative way and basically got hated it for it. I mentioned I was already in bitcoin for a long time and got sarcastic ''sure buddy'' answers. + +Face it, half of you reading this are almost basically gambling addicts, a bunch of hyenas drooling at the mouth and viciously attacking in a pack anyone who dares to question. Bitcoin is a wet dream to YOLO to Lambo money in the next 24 months, or whatever your ''projected'' one million usd bitcoin will be reality. Just go on youtube and google bitcoin - look at the results, it's a joke. Little peter pan boys dressed in suites pretending to be financial experts. + +I'm not dissing bitcoin here because bitcoin is SOLID, I'm dissing the scene, what it's become. Roller-coaster meme mentality. Look at the recent debates with people like Craig Wright and Tone Vays - seriously. These people are big names in the space and make it look like a circus. + +Also, half, if not 90% of people here don't give a crap about the roots of bitcoin, the cypher punks movement. If the government were to crack down on bitcoin I know most people in here probably don't have the balls to hold, they'll jump out as soon as uncle Sam says so. + +Despite what McAffee says, or stock to flow, the truth is that it's going to take a TON of money to move bitcoin from a couple thousand to $50+. People think we 100% going to $100k because of ''math'', ''halving'' and ''hopeium''. The current market sentiment is something to be very scared of and reminds me of a fools market. Yes I'm going to get a lot of hate comments for this post, or just be ignored because that's what people do with opinions that doesn't lock with their view. + +Going from $300 to $20k took about 200 billion give or take. Chump change. You guys seriously think TRILLIONS are going to flow into bitcoin overnight because it's 'getting more scarce''?! If people are not interested in bitcoin they don't give a crap if it's scarce or not. + +You know the old adage, when something seems to good to be true... You see, back when people were buying bitcoin at 300-500 usd there was no ''future too good to be true'' - it felt super risky and most people never heard of bitcoin. That was where the opportunity lay. The potential for huge upside was based on HUGE RISK and low market cap. Sure, bitcoin will rise again. But you ain't gonna ever make 2000% profit again unless maybe you hold for 30 years. Even IF bitcoin goes to $50k - that implies a TRILLION dollar market cap for 10x? And then everybody dump the crap down 90% again? + +I read a comment once, something like '"the 2017 bitcoin rally was a like a first coke high that we will seek out forever, but unlikely to ever experience again''. + +&#x200B; + +EDIT I stated in my post that I still believe bitcoin can 10x but I'm getting attacked left right and center. Anyone who is seriously believing for anything more than 10x in the next couple years is JOHN MCAFFE CRAZY imo + +\*IF THIS POST HAS CAUSED YOUR ANY MENTAL OR EMOTIONAL DISTRESS HERE IS A VERY RECENT HODL MEME TO CALM YOU NERVES; [https://www.reddit.com/r/Bitcoin/comments/dmf1v3/hodl/](https://www.reddit.com/r/Bitcoin/comments/dmf1v3/hodl/) +Many of these businesses are growing rapidly, and having great quarters, but experiencing pure carnage in the markets. Most of the world is leveraged long. Europe and Japan have been close to 0% interest rates, and there's been lots of buying of corporate debt. One of the biggest sources of returns on assets was that the interest rate was low relative to the ROE, and so there's been a lot of buybacks and mergers/acquisitions, we also had a tax boost. Very large amounts of unfunded pension/healthcare obligations. +Seems like people are going to stop buying US debt, and we are already borrowing 100's of billions just to finance the trillions of debt we already have. + +Some of these companies have already dropped nearly 50% from the highs, but there are people thinking they will drop much more, and we are only in the beginning of a bigger crisis. + +Just hard for me to understand, with the progress we've made just from a business and growth standpoint since 2008, how things could be this bad. But apparently I don't have a robust enough understanding of what is really happening. + +I knew there was going to be a pullback, so I've been 100% in cash, but I bought in Friday into BA, KKR, KSS, PANW, PFE, ABBV, CSCO, V, FIVE, RTN, GOOGL, AMZN, APPL, CAT, and TJX. I also took SPY calls. I took a short position on HYG as a hedge, but it's an overcrowded trade. + +It looks like I'm too early, and I'm just not sure whether I should be looking to just be 100% cash and wait, or if this is just way overblown. I don't understand enough how QE, the current debt and trade situation, and the interest rates are really going to affect these stocks and market which is very oversold, but that might not mean anything if we're heading into a bigger crisis than we saw in 2008. + +Any help is appreciated. +Just trying to get a feel for how generous (or not) my companies mileage policy is. + +They pay 25p per mile but you cannot claim for the first 15 miles of any journey as they see this as being a reasonable distance journey for work purposes. + +So, what does your company pay and how does this compare? +So we were sitting with a client yesterday and was asked a question that I have not come across before. +The situation was the husband inherited an IRA and we were calculating the RMD to be taken over the next 10 years per the SECURE Act. Regarding the timeline to withdraw: If the husband were to die prior to the Bene IRA being exhausted and he were to pass it to a beneficiary (effectively making this a 2nd level inherited IRA) would the 10 year period continue from the original inheritance, or would the 10 year clock reset? + +Thoughts? +I am currently about to graduate college with a degree in Finance and hopefully get my big kid job after all these years. I've always saved and worked throughout my life so far and have about 30-40k saved up. Currently at a job making $20/hr. + +My main goal is an investment property that nets me $200+ a month. I have a real estate agent who will charge me $0 closing fees (only have to pay other broker their 2.5%) and is currently helping me look to find a house/condo that fits the bill. + +He is telling me I could very well put 10% down on a 60-100k property, move-in ready, that could rent out for over $1300+ /month. + +Property taxes are likely to increase in the area but it can still be affordable. + +Any advice? This would obviously be my first house but I do believe they are one of the few real assets that remain today. That cash flow will be nice if I start this young too +As the title says I’m trying to improve my credit. I was talking with an old friend of mine and he offered to add me as an authorized user on his Amex platinum. I had planned to not use the line but just have it open as I’m currently stuck at a $1500 credit limit and i know that the ratio of credit / debt affects this. Currently at about 64k I’m student debt I’m whittling through. Wondering if this is a good idea? +Quick Background: +- 26 years old, single, full time job (~£20k) +- 3 bed (just) in Bristol UK outskirts, cost around £200k +- Currently live there and rent the other 2 rooms for friends for £600pcm in total (under £7500 per year so no tax to pay on it). Really enjoying living with friends. +- Parents both received inheritance from grandparents and used this money + +Had a thought on maybe getting a mortgage to free up the money and buying something like a small flat to rent out with it. Not sure if there are any potential tax pitfalls with this being that the money was originally gifted to buy a house? + +Just woundering if anyone has any advice or better ideas? Bit scared to do anything +Hello, + +I recently successfully applied for a credit card, but the end result(total available amount) was lower than I was expecting/needed. Unfortunately you can't know these details before it's approved. I haven't activated my credit card yet, after it arrived in the post. My question how will my credit score be affected if I call the bank and cancel it? + +Thanks +Hello! + +I’m a 27 year old who just started contributing to a Roth IRA in March of 2021. I make enough to max out my Roth every year and save some on the side in an individual brokerage account (currently approx $12K in Roth and $7K in individual with consistent disbursements to individual account) + +Up until now I’ve used my Roth to hold all of my long term assets and have used my individual brokerage account for my “swing” trading. I say “swing” because I trade individual companies based on trends and never hold any for more than a year, so I never take advantage of “long term” assets. + +Is it smart to invert this strategy and utilize the fact that Roth IRAs don’t get hit with taxes on every trade to swing trade in my Roth and use my individual brokerage account for my long term (ETFs and indexes) trades? Is there any downside besides not being able to utilize capital losses? I’m new to trading and this seems like a solid strategy but I know I must be missing something. +Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging popular or conventional beliefs. Please read the rules and guidelines before participating. + +*** +- + +**Rules:** + + - All [sub rules](https://www.reddit.com/r/CryptoCurrency/about/rules/) apply here. + - Discussion topics **must** be on topic, i.e. only related to skeptical or critical discussion about cryptocurrency. Markets or financial advice discussion, will most likely be removed and is better suited for the daily thread. + - Promotional top-level comments will be removed. For example, giving the current composition of your portfolio or stating you sold X coin for Y coin(shilling), will promptly be removed. + - Karma and age requirements are in full effect and may be increased if necessary. + +*** +- + +**Guidelines:** + + - Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects. + - Refer topics such as price, gossip, events, etc to the [Daily Discussion](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A%22Daily+Discussion%22+&restrict_sr=on&sort=new&t=all). + - Please report top-level promotional comments and/or shilling. + +*** +- + +**Resources and Tools:** + + - Read through the [CryptoWikis Library](https://old.reddit.com/r/CryptoWikis/wiki/library) for material to discuss and consider contributing to it if you're interested. r/CryptoWikis is the home subreddit for the CryptoWikis project. Its goal is to give an equal voice to supporting and opposing opinions on all crypto related projects. You can also try reading through the *Critical Discussion* [search listing](https://www.reddit.com/r/CryptoCurrency/search?q=flair%3ACritical-Discussion&restrict_sr=on&sort=new&t=all). + - Consider changing your comment sorting around to find more critical discussion. Sorting by controversial might be a good choice. + - Click the RES subscribe button below if you would like to be notified when comments are posted. + +*** +- + +**To see prior Skeptics Discussions, [click here](https://old.reddit.com/r/CryptoCurrency/search?q=title%3A%22Daily+Discussion+-+%22+&restrict_sr=on&sort=new&t=all)** +https://www.bloomberg.com/news/articles/2019-03-02/lyft-s-risk-factors-are-the-stuff-of-ipo-dreams-bad-ones + +Lyft defending itself against ‘several thousand’ legal claims + +Ride-hailing company could also suffer from tech backlash +LunaDoge is a fork of MoonRat and SafeMoon. This is a coin that will enable you to earn passive income while you hold. 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🥞. + +Devs just did a huge buyback and burn. Marketing wallet was loaded up and now aiming for listing on Hotbit exchange among others! Big catalysts to come. The buyback and burn has now created a 100% rug-proof coin! (Don’t take my word for it check for yourself). + +**Website**: + +[https://lunadoge.finance/](https://lunadoge.finance/) + + +## Why does this token have Moon potential? 🚀🚀🚀 + + +💥 **Buyback and Token Burn** + +· Recent DAO proposal approved by holders + +· 50% of liquidity pool will be unlocked May 28th + +· Half of this will be locked again for 3 months + +· Half of this will be used to BUY BACK LOGE tokens + + +🔥 **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 Voting** + +· Project is community driven + +· Proposals made by and voted on by holders + + +🔮 **What’s in the Pipeline?** + +· CEX listing (in negotiations) + +· Cross-chain integration + +· Token farming + +· Partnership rollout + +· Community growth + + +Take the plunge and join the LunaDoge community today! You can finally have an anxiety free investment in the BSC where you only need to worry about marketing execution and helping build the brand. + +I’ll see you on the moon good sirs! 🚀🚀🚀 + +———————Additional Info————————— + +📱Contract: 0xb99172949554e6c10c28c880ec0306d2a9d5c753 + +📈Poo Chart:: poocoin.app/tokens/0xb99172949554e6c10c28c880ec0306d2a9d5c753 + +🥞PancakeSwap: (11-13% slippage might be necessary) [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb99172949554e6c10c28c880ec0306d2a9d5c753) + +🔓LP locked: [https://bscscan.com/tx/0x3888dc9bfe1e0976d019480c58583bafdd7a2a7e551c487732042491f218bd7f](https://bscscan.com/tx/0x3888dc9bfe1e0976d019480c58583bafdd7a2a7e551c487732042491f218bd7f) + +🔓Team tokens locked - [https://bscscan.com/token/0xb99172949554e6c10c28c880ec0306d2a9d5c753?a=0x2d045410f002a95efcee67759a92518fa3fce677](https://bscscan.com/token/0xb99172949554e6c10c28c880ec0306d2a9d5c753?a=0x2d045410f002a95efcee67759a92518fa3fce677) + +🔓Ownership renounced: [https://bscscan.com/tx/0xf54e7d14f2d431ad4e24afdb459ff13f7530bb8d8e84dd672843a705c1f02e5e](https://bscscan.com/tx/0xf54e7d14f2d431ad4e24afdb459ff13f7530bb8d8e84dd672843a705c1f02e5e) +My uncle has a bakery and he initiated this question what if we accept both cash and crypto? Then this question came into my mind what if we "only" accept Bitcoin? + +I remember a long time ago a person told me as a fact that businesses in the US can not deny cash/card payments but I might misunderstand. + +I am sure someone has asked this type of question before but I just wanted to also know more details about which law exactly will be violated if such a thing is illegal. + +Also would a restaurant (physical entity) and an "online business" make any difference? +After 12 years of working for large software companies in Silicon Valley I'm finally going to try my own thing. I was growing very disenchanted with software development. I have been doing it since I can remember. Professionally, it's been 12 years but I've been non-stop hacking since middle school. That said, I haven't felt truly inspired for a very long time. Probably since the late 90's. After reading the Satoshi paper, I felt something I completely forgot I was capable of: excitement about a new piece of technology. + +I'm not going to squander that excitement and intend to follow it wherever it may lead. I have no delusions about the probability of my success. I am just grateful and excited to have an opportunity to work on something I truly care about and to do so on my own terms. I often tell people my biggest requirement when considering a job is that I have to firmly believe that the software I'm working on has a right to exist in that it is truly useful and meaningful. I believe my new endeavor passes that litmus test more so than anything I've worked on in the last few years. + +In any case, I wanted to share this during what many are perceiving as a difficult time for this new technology. It is indeed a difficult time but this difficulty is real and happening in real-time because something new is being born on the technological landscape. And this something new matters no matter how often it is compared to tulips or pyramids. These are growing pains and I truly feel there is still a massive amount of growth left. So keep your heads up :) + +**Edit:** Given this post seemed to resonate I wanted to also take the opportunity to further commend the core development team. This includes, but is not limited to, guys like gmaxwell, sipa, gavin, luke-jr, mike hearn, and jgarzik. They really are phenomenal and we should all try to pay extremely close attention to whatever advice they bestow upon us. And whenever possible we should thank them for their continued contributions (thanks!) +F'in love these guys... https://www.stellar.org/blog/Q1-2018-stellar-and-state-of-crypto/?utm_source=Stellar.org++News&utm_campaign=ca10d3521b-EMAIL_CAMPAIGN_2017_11_19&utm_medium=email&utm_term=0_563f658d41-ca10d3521b-281577085 +Do you think the blockchain trilemma can be finally solved, this classic case of the blockchain trilemma: scalability, security, decentralization? I figured out that two of those are easy to do but it is extremely difficult to do all three. I think that Bitcoin and Ethereum come close to solving this but, for example, decentralization and security are kept when it is a blockchain that uses proof of work like Bitcoin, but it can't proccess a lot of transaction at one time in that case and thus scalability suffers. If it is proof of stake like Ethereum 2.0, it increases scalability but becomes less decentralised. + +I wonder if some of the existing new generation blockchains unsolved this (they claim so). Algorand uses separate relay nodes and participation nodes. It seems like a very smart solution to me, but I don’t go deep into the technology that is why I might miss something and be criticized. Polkadot, Everscale, NEAR are using sharding technology that is aiming at keeping these 3 components to have a perfect blockchain, but I still see opinions on reddit that the trilema is unsolvable and no way it can be. Can you please explain to me why? All these networks are well scalable and secure but how decentralized are they? I wanna know more about how it works or maybe you’ll suggest some articles with general information on the blockchains problems that will help me to understand. + +So is this trilemma like a part of any system that is required by physics to make a trade-off to achieve scalability that in its turn limits decentralization? And if so to what extent those trade-offs are acceptable..? +Cyber ​​Capital Cryptocurrency Fund founder and chief investment officer Justin Bons called Bitcoin (BTC) "technically one of the worst cryptocurrencies" and a "purely speculative asset with no utility" compared to other cryptocurrencies due to a lack of technological advancement. + +Adding to his sentiment in an 11-part Twitter thread on Sunday, Bons said Bitcoin's value proposition has been deteriorating over the long term due to a broken long-term security model, relatively weak economic features and a lack of capabilities, programmability and compounding. + +Bons has been a prominent figure in the crypto community for several years, in 2016 he founded one of Europe's oldest cryptocurrency funds, Cyber ​​Capital, and since 2014 he is considered a full-time cryptocurrency researcher. In addition, Bons operates nodes on the Bitcoin and Bitcoin Cash networks. + +Justin Bons said he vigorously defended BTC in 2014, saying that “the reality is that BTC has changed dramatically since then,” with the decision not to increase the block size limit “a serious departure from the original vision and purpose. + +Although I myself have not dealt with Bitcoin in quite some time and am more interested in Blockchain finance like Algorand, Ovenue etc I have never thought of Bitcoin as inferior to any crypto or any form of Blockchain, quite contrary, so I found these remarks quite difficult to gauge. + +What is your opinion, do you share this man's views? +Hello, this is the first year that I am contributing to my Roth (22 y/o). I contributed around 4500 already and would like to contribute the full 6k. I just don't really want to put another 1500 in the market right now as I'd like to have some cash reserves in the event that the market takes a tumble in the near future. + +My question is, can I contribute this last $1500 (deposit it into my Roth) and not actually invest in any security so I have the money to use in the account if the market dips? + +If it helps at all, I have my Roth through fidelity + +&#x200B; + +edit- this community is harsh with the downvotes and stringent with investment advice haha! I appreciate all of the thoughtful responses and critiques. Though, it doesn’t hurt to not be rude when providing constructive criticism. +So the prevailing sentiment is that a devaluation of their collateral assets coupled with a rising GME price will cause a squeeze. So if these guys are getting squeezed and their assets are getting liquidated, does that mean all of the hedgies' and MM's *other short positions* also must be closed and collaterals liquidated? (Asking for a friend because that friend is currently holding a stock that Susquehanna seems to have shorted to oblivion that I obviously don't want to sell at a loss, lol. And it's not my friend, it's me.) + +Also, if they know that GME MOASS is inevitable, what's the likelihood that their *other short positions* get closed out first, either taking a minor loss or cutting profits short, so that they can then free up assets to either buffer or collateralize against GME borrows? + +*Edit: To clarify, when I say 'other short positions' I mean other stocks they have shorted that are NOT GME. Basically, do you guys think we'll see a wave of green dildos in other shorted stocks alongside GME's MOASS? +I previously posted that my boss agreed to "trial" a 4 day 32 hour work week rather than lose me as an employee. We're still in the "trial" phase (aka, he hasn't decided if he's going to let me do it or if I'm going to do it without persmision and get fired). + +Anyway, Monday and Tuesday it was work work work at the office as usual. Then on Wednesday I spent an extra long time in my bathrobe after my shower getting caught up on some much needed video games. Around 9am when I'm normally getting into the office I ate some breakfast with my toddler, then fixed my bike and my co-parents bike which normally would have waited until the weekend or have been paid for in the bike shop. Then I cooked some homemade pizza for lunch and put my toddler down for nap. Then did some yard cleanup and watched a movie (movie corresponded to the typical afternoon slump at work). Finally around the time I'm normally wrapping up and commuting home I instead put a bathing suit on my daughter and took her to the local free pool. I ended the night with more video games and had to remind myself it wasn't a weekend and indeed I needed to get to bed for work the next day. + +Now I'm halfway through Friday and it feels like an unusually low stress week. + +I've had people say many times "I'm not interested in Early Retirement, I can't imagine not working" to which I reply "What if you had Fridays off every week?" to which they've all without fail replied "Wow, that would be awesome!" to which I reply "If you don't need the job to survive, you can demand it and shop around until you find an employer who agrees to it". + +original post: https://www.reddit.com/r/financialindependence/comments/3ayee0/boss_agreed_to_try_a_reduced_work_schedule/ + +So my fiancee recently got rear ended by a Georgia DOT truck. Not her fault, truck undamaged but on her car both tail lights smashed out trunk and bumper dented. Lights still work fine. + +Anyways she calls her insurance to report the accident, describes the damage, and they remove her car from the policy and tell her she legally doesn't have insurance anymore on the car. So she's out a car for now. +All the turn indicators and break lights work fine, they haven't even seen the car yet. Is this common practice and what should she do now about getting something to drive? + +EDIT: After some clarification it seems the car is uninsurable because of the damage, so technically not road legal. + +EDIT2: After talking to my fiancee again after she got home, her insurance never told her that the vehicle was removed. That started from her mom, (who is the main policyholder) assuming the car was removed because when she logged into the insurance portal it kept prompting for her to reinstate my fiance's car. So clearly it was a miscommunication problem. I appreciate all the answers and we are going to try for a rental when the state's insurance office opens on Monday. +I just wanted to share my story so that others can avoid the same issue I'm having. + +Several weeks ago, I purchased a prepaid credit card from Target so that I could link it to one of those places that are very difficult to cancel. + +Just after I left the store, I tried the purchase and the card didn't work. It was empty. I went back inside and was told there was nothing they could do. + +I tried calling target corporate, but they told me, in their exact words, "not their problem." Credit cards are not required to be warrantied so they don't. They told me to call the company that serviced the card but, of course, they claim they never got the money from Target. + +Here is the kicker. Because I purchased this on my red card, the target branded card, there is no way to challenge the charge. Target gets sole approval for if charges are valid or not, they investigated themselves and found (surprise, surprise) they did nothing wrong and the fact that the card doesn't work is normal. + +Ultimately, I have a bit of plastic I paid 100 dollars for that does nothing, and a company that refuses to take any responsibility for the products they sell. + +In the end, this is a 100 dollar lesson for me to avoid using the red card, and that Target doesn't deserve the image they have. Hopefully this post will let you learn the same lesson for free. + + +--------------------------- + +Edit/Update: + +My goal with this post was to try and help others. I have come to terms that the $100 is pretty much gone. Before posting this, I had spent close to 30 hours and multiple gallons of gasoline going to various targets and calling their help line. As someone who works nearly 60 hours a week, I've reached the point where I've decided that losing more weekends trying to resolve this isn't worth the money I could get back. I hate letting a big corporation bully me into this position as much as anyone else on Reddit, but at a certain point I have to call it. I've had Capital One save me from numerous companies trying to take advantage of me, but I decided to trade the security they offer to save a few pennies on a target red card and paid the price. + +That being said, several people have asked for an update or additional details, so here goes. + +On escalation. I have tried to move up the chain several times. The Target reps at the non-U.S. call centers are all very nice but ultimately powerless to do anything. The Target reps in Minnesota are extremely hostile. After asking to be elevated 3 times, I was told that it was "not their problem" that I was wasting their time, and was hung up on. It takes about an hour and a half to get to someone in the U.S., so continuing to try after being hung up on is a huge time sink. It's the right thing to do to keep trying and fighting the good fight, but I've decided to cut my losses on this and reclaim my weekends. + +On social media. This is a great idea, but unfortunately outside of Reddit I don't have much of a social media presence. I'm not sure that Target will care about me tweeting them when my last tweet was in 2012, and I have 8 followers. + +On CFPB (and FTC). While I don't want to go into too much detail here, I actually work with them in a professional capacity as part of my job. The standard response is what u/garlicsinger said in this comment: https://www.reddit.com/r/personalfinance/comments/pcl4cr/a_cautionary_tale_target_the_red_card_and_how_it/hak9n8v?utm_source=share&utm_medium=web2x&context=3 . While they can and often do go above and beyond, since I work with them they will want to avoid the appearance of favoritism. They are so understaffed not everyone can get the special treatment, and elevating my case and not others would throw red flags. This is a risk that comes with my job, but the CFPB is not a real option for me. Obviously, this is very specific to my case and others may find value there that I can't. + +On States Attorneys. I didn't mention it in the above post above, but I have already contacted the states attorneys office for both the state I live in and the state the card was purchased (the closest target to me is over the state line). It's been several weeks with no word from either, but if that changes I'll be sure to update further. + +On TD running Target's Red Card. I wasn't aware of this. I plan on emailing them Monday to see if that gets any traction. + +On Privacy.com. I should have been using them all along, but I have bought several cards from Target in the past with no issues. It was one of those "it it isn't broke, don't fix it" things. Moving forward I will be certain to do so. +Since investing in Vanguard funds and other assets around 6 months ago, I find myself obsessively checking my investments at least once a day. At the moment, daily performance has minimal bearing on my long term strategy of holding and letting compound interest work its wonders, but I feel like the constant checking could start to affect my mental health. So, I have a few open questions for you, UKPersonalFinance - + +* How often do you check your investments? +* Does how often you check your investments depend on the asset? i.e. house prices vs crypto +* If you feel like you're checking performance too much, how do you help regulate yourself? +Pretty much the title. If I had waited to file it looks like I would have received an additional $1,020 on my tax return since the first $10,200 of unemployment last year is now untaxed. + +What would I need to do to benefit from this? File an amended tax return? Wait and see what the IRS says? I certainly don't want to miss out on an extra $1,000 + +Thanks in advance for any advice. +Hello All, + +I know I see a few of these types of posts and I wanted to share my story with you. + +**College (2014-2018):** + +Most of what my net worth through college (until the end of college which I'll get to) is somewhat of a blur as at the time, I was more interested in learning about investing vs tracking my net worth. But I was definitely very fortunate that through a combination of my parents and my grandfather helping me through college, 2 scholarships, working 3 different part-time jobs while at college and having 3 internships in the summers, I came out of college with a positive net worth of around $10k between my car (\~$1k) and cash ($9k). + +Through college, I really focused on trying to gain experience via work, saving as much as I could, along with purchasing a reliable car (2013 Honda Civic, at time of purchase in 2016 had \~15k miles). + +**First Job (2018)** + +Upon graduation, I was fortunate enough to land a job that had a just under $45k base salary plus bonus and OT available. I was also able to live at home for \~5-5.5 months where I saved and invested about 90% of my income. The only real expenses I had were car related (gas, insurance, repairs, etc), small personal items (shampoo, toothpaste, etc), a few times here and there I went out to eat with a friend, and dry cleaning. + +With the money I was doing a combo of investing into my 401k, creating an emergency fund, and investing in a taxable/brokerage account. + +I also took as much overtime as I could at my job so I ended up working around 44 hours per week on average, which, along with my base salary and bonus, I was making the equivalent of around $50-53k-ish. + +Unfortunately, I only lasted around 6 or so months at this job as due to some burn out and the toxic work environment I decided to switch jobs. + +Net worth at end of 2018 (approximate): $36k + +**New Job and Finding FIRE (2019 and 2020)** + +At the beginning of 2020 was when I first found FIRE as a way to get out of the rat race and immediately I was hooked from listening to ChooseFI, Reading Early Retirement Extreme, and more. I soaked in as much as I could and took in nearly every perspective of personal finance and financial independence as I could. + +I did have an apartment by this time but with my new job, I was making a base of $50k in 2019 with bonus opportunities (no OT). + +One of my biggest mistakes was forgetting to note my OT on my previous salary as I easily could have made an additional $1-3k per year. + +However, in 2019 and 2020 (despite pandemic) is when my net worth really started to explode as by investing as much as I could early on helped a ton. I also got very lucking during the COVID crash that I received a bonus from work that hit my 401k almost right to the day of the bottom. I also had a few months of extra expenses saved in a savings account that I invested on the way down of the crash, additionally I cash out some matured savings bonds (\~$800 worth, gift from childhood) right before everything locked down which immediately got invested. Additionally, I did get a tax refund (\~$500) \~2 weeks before the bottom, which was also invested. + +I also went very heavy in investing into my 401k (traditional) in 2020 which from the tax deduction, helped me save a lot more along with getting a raise at work to about $52k and working from home which cut my expenses by around $150/month. + +Additionally, in October 2020, I moved to a lower cost of living area in the Philly Suburbs which helped me save an additional amount of money. + +Lastly, I got into hitting bank bonuses to fund my "fun money" which helped cut expenses too. + +Net worth at end of 2019: $68k + +Net worth at end of 2020: $118k + +**Current year: 2021** + +As of this past week, I hit $150k net worth. With the markets going parabolic, getting a raise to now $54k and receiving a bonus of \~1k during the year. + +Break down is $138k invested, $11k cash, and $1k for car. With current breakdown, assuming an annualized return of 6%/year, no additional contributions, I am CoastFi if I were to retire at 62 and be FatFI at 62. +My dilemma is basically deciding if I should continue with the rational decision I made 10 years ago, or if I should follow the rational decision I would make today: + +Close to 10 years ago I invested in Bitcoin (just a small dollar amount) and assumed that in the future it's either going to be worth nothing, or it's going to be worth a lot of money. In the beginning I randomly traded around, but then at some point came up with a strategy that's similar [to the one described here](https://bitcointalk.org/index.php?topic=345065.0): Every time it doubles (only looking at ATH values) I'm selling X% of my investment: The idea was that this strategy allows to extract as much earnings as possible under the assumption that Bitcoin might become worthless at any point. + +My dilemma now is the following: Without Bitcoin my net worth is around 2.5 million USD (everything in Vanguard funds, I don't own a home). If I sold all my Bitcoins right now my net worth would reach a little bit over 4 million USD (after taxes) which is the magic number at which I planned to retire. If I only sell the X% that I sold in the past my net worth would just be a few 100k higher. + +The rational decision that I would come to today is to sell everything right now and to retire. But that's exactly the opposite from the decision that I came up with 10 years ago, which is the reason why I'm at the point at which I'm today. If I hadn't strictly followed that 10 year old decision in the past I would have cashed out everything at much lower values. + +What would you do? Cash out and retire or keeping the investment. My non-crypto investments are mostly traditional Vanguard funds that are relatively low risk and where I make sure to regularly rebalance to ensure that my allocation matches my risk tolerance. I guess Bitcoin is just an exception because both decisions (the one I met 10 years ago and the one I that seems to make sense today) looked 100% rational at the time where I decided to follow that strategy. "Stay the course" (one of my mantras when it comes to investing) would imply to continue with only selling X% after each doubling. +The fire community has really strong recommendations on companies like Vanguard with VTSAX when it comes to investing, but I can’t seem to find the Vanguard of insurance. + +I’d like to find the most reputable insurance provider that folks in the fatfire category trust with their car, home, and umbrella policy that provides the essential coverage at fair rates. + +Do they use one or multiple carriers? Which ones. As a note, I haven’t been able to find a way into USAA (if that’s the preferred vendor). +I literally can't think of one reason for a rally + +Inflation - 40 yr high, +FED - Tightening, +Supply chains - Stressed, +Food supply - Stressed due to war and terrible harvest, +Retail participation- 20yr high, +Sentiment - Slightly bearish, but people are still hoping for a rally for some reason + +Who in their right Mind will actually risk their money to pump this market? Retail investors are toast. +Looks to me a flush downwards is the path of least resistance, and it doesn't make sense for any big investor to fight the fed and take risks. +What do you think about this? +What in Christ's name is going on? Getting yourself taken to bankruptcy court over single digit crores seems absurd. And the stocks taken a beating, too. How bizarre! + The average assets under management (AUM) of Franklin Templeton Mutual Fund declined sharply by 31.4 per cent in the April-June quarter, even as the average AUM of the entire mutual fund industry declined by 8.9 per cent during this period, according to figures released by the Association of Mutual Funds in India (AMFI). + +The average AUM of the industry declined from Rs 27,03,675 crore during the January-March quarter to Rs 24,62,769 crore. + +Read more at: +https://www.economictimes.com/https:/economictimes.indiatimes.com/markets/stocks/news/mfs-average-aum-falls-8-9-per-cent-in-april-june-franklin-worst-hit/articleshow/76805422.cms +The community here seems very educated and experienced. I’ve learned about Topics like insurance, portfolios and business models which I could’ve never imagined to learn in school. +Could you guys share your stories of how you learnt about these topics. Is it through books? Online platforms? Or just experience? +With the newfound incentives by the Govt. to promote domestic manufacturing of defence items and increasing the FDI cap to 74%, would it make sense to start investing in the defence industry? +The smaller the company is, the more chances of the rapid growth of money, if the company become successful. + +&#x200B; + +Investing in big and already established companies won't give much return. but safer. + +What is the higest risk (But can be highest rewarding if all goes well) investment in equity mutual funds? Is it Equity Small cap funds? + +&#x200B; + +&#x200B; + +* Equity - Contra Fund +* Equity - Dividend Yield Fund +* Equity - Focused Fund +* Equity - Large \&amp; Mid Cap Fund +* Equity - Large Cap Fund +* Equity - Mid Cap Fund +* Equity - Multi Cap Fund +* Equity - Small cap Fund +* Equity - Value Fund +* Index Funds - Nifty +* Index Funds - Nifty Next 50 +* Index Funds - Other +* Index Funds - Sensex +The hdfc triplets(hdfc bank,hdfc AMC and hdfc life) seem to have cagr in the ranges of 20-30%. If someone has say 3 lakhs to park for 3-5 years,does it make sense to park a lakh each in each of the the hdfc allied stocks and forget about it? +Merits: +1.All the 3 seem like all weather stocks that have outpaced the index consistently with consistent topline and bottom line growth. +2.There seems to be no next hdfc bank,no next hdfc amc,no next hdfc life in sight. + +Does this seem like a strategy that would yield in the long run even with the concentration risk? +https://i.imgur.com/Nz0PYKA.jpg + +Came across this article in Outlook money that says middle class families need to aim for a corpus of atleast 10 Crores. Thats about 1.3 Million USD. Isn't that number too high ? Or is the author just throwing numbers out there ? + + + + +Join me, won't you, on a magical thought experiment. + +You find yourself sitting on a couch, wearing a pair of crocs, and playing angry birds. You have a few DVDs to return to blockbuster. All the news stations are talking about the Deepwater Horizon oil spill. And you realize, holy crap, what year is this? You grab a newspaper to check the date and suddenly realize, newspapers are still a thing! You aren't dreaming. This is real. You know what you need to do. You need Bitcoin. All the Bitcoin. Where does one even get Bitcoin in 2010? Or should you mine it? It's going to take a little research. So you open a browser to start figuring this out. + +Good god, Yahoo! homepage, by default. Anyway, you figure things out and begin to sink every penny into it. Bitcoin is at 3 cents! You sell everything you've got. You don't need your car, right? Retirement accounts? Screw it, it's worth the tax penalty. Pokemon cards--actually maybe hang on to that one. Once you're out of things to sell, it's time to start borrowing money from anyone and everyone you know. They'll thank you later. All the bitcoin. You need all the bitcoin. + +Until finally, the family stages an intervention: + +"Let me get this straight. You gave everything away? Everything?" + +"I didn't give it away. I bought a digital asset." + +"Can we see it?" + +"I mean... it doesn't exactly work that way." + +"So you gave all your money to some 'Tasoshi' guy on the internet? Who is it?" + +"Well, we don't know WHO Satoshi is, that's not the point. But no, I didn't give the money to him. I bought--" + +"Is this like, some kind of cult? Did you join a cult?" + +"I'm going to be the richest person on the planet. You just have to wait a few years and--" + +"You think this guy on the internet invented money, and he sold it to you, for... all your money?" + +"I didn't say he invented money. He invented a currency that doesn't rely on a central authority. It's non-inflationary because you can--" + +"But you already told me you can make more of it with graphics cards." + +"Yes, but you can't make more forever. It'll hit a hard-cap in 2140 and every four years they--" + +"2140!? What are you on?" + +**\*\*FAST FORWARD A FEW YEARS\*\*** + +"Honey! What can we say. You were right, we were wrong. Bitcoin is at $10. Sell it now and just think how rich you are!" + +"Sell at $10!? Are you nuts?" + +"What price are you waiting for?" + +"I don't want this to lead to another intervention." + +"What like, $20? $30? Oh dear god, honey, please don't tell me you're holding out for it to go over $100." +I was just thinking about how I got into projects like Avax, Sol, FTM, and ADA early enough to see a really nice profit. And all in all my portfolio is up enough that it is screenshot worthy. + +But the thing is I have absolutely no idea what I am doing. It feels like I’ve just been throwing money into Cryptos just based of Reddit, Twitter or Youtubers tell me to buy. My research for Sol consisted of seeing a long Reddit post on this sub of someone shilling it and the thing was I didn’t even read the post. I just looked at the length and thought if this guy went through the effort to type this long of a post it must be a good investment and a bought a couple thousand worth. A lot of my other positions in my portfolio are very similarly purchased. + +Don’t even get me started on the tech, at least half the positions in my portfolio I couldn’t even tell you what they do or their use case. I just know I have made money off it + +The saying that everybody is a genius in a bull run is sooo true. Any idiot can just make money right now(source: an idiot) + +So to this sub that are not smooth brained like me, how do I go about doing your own research? + +I think I’m going to take some profit and consolidation into stables right then just stick with BTC and ETH till I figure out what the hell I’m doing. +I see a lot of people choosing VTI or VOO but why not VT? I was thinking VT would be better for diversity since it's like a whole world fund. I'm trying to understand before I pull the trigger. I'm 28 and just looking to invest money +Calculating 3% do I really need 800k that’s 40k a year for 20 years. I don’t bring home 40 a year. Is Div investing something I should quit while ahead. Currently making 52.00 a year out of my etf’s. In dividends. Are my calculations wrong? Thx for the assistance. +I'm new to investing but found dividend investing to be something very smart and that can really help in the long term. I have about $11,000 invested and plan on putting $400 every month into this portafolio. My yield its almost 5%. I look forward to your advice and criticism and i am very open to change. + +JPM 13.5% T 11% MSFT 11% +ABBV 9.1% O 8.9% SCHD 6.7% +SPHD 6.4% RTX 5.9% EPR 5.7% +INTC 3.7% CVS 3.7% QYLD 2.8% +DHT 2.3% CCL 2% + + +Edit: layout +Price dropped from $0.55 to $0.28 this morning, now up to $0.37. + +What happened here? Volume is up to 24 million, highest volume on TSX by far. Their website has a report which states they require more funding for the completion of their mine. Did they release more shares? +Price dropped from $0.55 to $0.28 this morning, now up to $0.37. + +What happened here? Volume is up to 24 million, highest volume on TSX by far. Their website has a report which states they require more funding for the completion of their mine. Did they release more shares? +[Peter Lynch: Just Hire The Guy Who Beats the Market - Duh!!?!](https://markets.businessinsider.com/news/stocks/peter-lynch-warren-buffett-passive-investing-index-funds-active-management-2021-12) + +This still gets me after all these years. + +I worked for a major investment bank as a Bond salesman and as an Analyst with an investment manager before that. I’ve covered Hedge Funds, Prop Shops, Family Offices, Pensions, Endowments, Sovereign Wealth funds, Insurance companies - you name it. Believe me when I tell you - hardly anybody beats the market. + +Oh sure, over a year or two, here or there, they might. And they’ll tell you all about it. But year over year? Rolling 3 and 5 years? 15-20 years? No chance. Maybe 2-3 funds actually do have consistent long term alpha, net of fees, but if you’re reading this, they aren’t interested in taking your money. + +Peter tells us: + +"Our fund managers, our active guys, have beaten the hell out of the market for 10, 20, 30 years," + +He cites one guy. + +There are over 10,000 registered mutual funds and ETFs. + +This is exactly like telling your old, homely, fat, short, balding, bespectacled, divorced buddy to just date a supermodel. + +Or saying “all you have to do to be a Billionaire is work for the right start-up.” + +Sure, the next Unicorn is being founded right now. But do you know the founder? Where they are? Did you apply? Were you hired? Did they get funded? Did you get options? Did the product survive client churn? Patent issues? Lawsuits? Insurance claims? The CEO have #MeToo issues at the Christmas party? + +A positive answer to any of these questions is a thread you’re throwing through the eye of a needle from 15 yards away. + +S&P/Dow Jones does a study every year about the “Persistence of Performance” of active managers. For all US Large Cap Core mutual funds with a 20 year track record that bench to the S&P 500: 95.31% underperformed the index. + +This study also accounts for survivorship. Going back those same 20 years, 73.5% of All US Large Cap funds do NOT survive. + +So, your chances of finding an active manager who not only doesn’t get the boot or go out of business AND he/she consistently outperforms the benchmark for the (more than) 20 years you need to save for retirement? Slim to none. + +Oh yeah, and you have to pay the management fee, 12b-1s, trading commissions/spreads, and their capital gains tax bill each year. + +So yes, Peter Lynch/William Danoff/Bill Miller was that one guy who did that one thing that one time, and proud we are of all of them. + +But who’s the next? + +Maybe Peter will tell me. + +EDIT: + +Thanks for all the great feedback and discussion! Just to clarify a couple quick points. I am not arguing that it is impossible to outperform, it very clearly happens otherwise nobody would know Peter Lynch's name. + +Here is my main point summarized: + +What are the CHANCES that a Portfolio Manager outperforms the market net of fees and taxes over the course of their career? + +Not Zero. + +What are the chance that YOU WILL PICK the next Manager out of 10,000 to do that? + +Zero. + +You aren't looking for a needle in the haystack. You are looking for the piece of hay that turns into a needle. + + +Thanks again for reading and commenting. +# DAILY DISCUSSION LINK BELOW + +[**You can find the daily discussion here**](https://www.reddit.com/r/Superstonk/comments/qtlx63/gme_daily_discussion_new_to_the_sub_start_here/?utm_source=share&utm_medium=web2x&context=3) + +\----------------------------------------------------------------- + +So, you may already know - we fucked up the post flairs. + +No, not on purpose. We assumed editing the flairs would backdate the old flairs and not fuck up filtering (the button says “Edit” after all...). It did not. RIP. Lessons to takeaway, don’t trust Reddit functionality and test everything on a test sub first. + +As I said to some users, I'd have an update at week end on rectifying the situation after spending the week investigating options with u/Platinum_Sparkles. + +# Reddit uses different filtering methods for Mobile and Desktop + +You may recall that filtering magically disappeared for mobile a while ago (it was not the mods), Reddit changed how filtering worked - which meant it was removed from the mobile app. You probably have the same reaction as I. Wtf? + +Mobile works off of old reddit filtering methods, and desktop works off of new reddit filtering. + +Some examples below on the differences for possible DD: + +New Reddit Filter (desktop): [https://www.reddit.com/r/Superstonk/new/?f=flair\_name%3A%22%F0%9F%93%9A%20Possible%20DD%22](https://www.reddit.com/r/Superstonk/new/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) + +Old Reddit Filter (mobile/old reddit users): [https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22+OR+flair%3A%22Possible+DD+%F0%9F%91%A8+%F0%9F%94%AC%22](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22+OR+flair%3A%22Possible+DD+%F0%9F%91%A8+%F0%9F%94%AC%22) + +&#x200B; + +&#x200B; + +[for r\/Superstonk](https://preview.redd.it/30f34sywkjz71.png?width=919&format=png&auto=webp&s=d09ce94cf5425934c3f18ca85d33a2def6c63967) + +Sadly, Reddit neglected the 65% who use mobile (on our subreddit at least, which is what the above is based on). So we’ve added flair filtering for mobile in the following locations for mobile: + +&#x200B; + +[\(Note, the menu filter are currently using old flairs - once changes occur we’ll update the links\)](https://preview.redd.it/irh06u19jjz71.png?width=934&format=png&auto=webp&s=78a3da0401e75547414a08c242aefee55059c7cd) + +These can be used on both mobile and desktop, but most importantly - they restore mobile filtering as they are based on old reddit filters. For those who use “new reddit” via desktop the filters are available as per usual in the sidebar. + +# Computershare Filters + +As part of the above as well, we’ve had feedback from people who want to filter through the “noise” created by CS posts to get to the meaty stuff. As such, we’ll included new filters which allow those people to filter out CS posts (after you upvote them of course 😉) in the sidebar. + +# The Re-Introduction of New Flairs + +You can find the OG post from u/Bye_triangle [here](https://www.reddit.com/r/Superstonk/comments/qe96t2/weekend_update_extreme_makeover_home_edition/) which first introduced the new flairs 22 days ago (as of writing). + +The “new” flairs as announced previously: + +* 📚 Due Diligence: For all DD +* 📚 Possible DD: Partial DD or DD that needs further validation +* 📈 Technical Analysis: For all posts that try to predict and/ or analyze movements in the stock using technical indicators. +* 🤔 Speculation / Opinion: For theories that don't have a solid foundation of evidence (it's possible that we see cross-over with the Possible DD flair) +* 💻 Computershare: For all the beautiful purple rings, DRS posts +* 💡 Education: For posts that focus on expanding understanding in a specific topic or concept +* 📰 News: For any and all news and updates. +* 🤡 Meme: For memes and the like +* 👽 Shitpost: For shitposts +* 📳Social Media: For sharing all the tweets this community loves so much +* ☁ Hype/fluff: For general hype posts + +(won’t bother with the mod only flairs) + +In addition to those we’ve added back: + +* 🗣 Discussion/Question: An important one as the intent of it is to spur conversation, honestly an oversight as it’s a key flair +* HODL 💎🙌: It’s apart of ape DNA, nuff said (originally intended to be in Hype/Fluff but it has a greater meaning than that) + +# But I Can’t Filter for the Old Flairs!!! + +Correct, you cannot. Our fuck up as mentioned before. We investigated and researched a few options to rectify this - sadly “reverting” back is not an option. We tried to do this as the first port of call, but Reddit’s funky fucking system does not recognise a new flair in the exact same text/emoji format as before for filtering (yeah - it’s been a pain in the ass, Reddit Admin - if you read this, please make post flairs more user friendly). We also looked at Including multi filters for old and new flair links, nope - it’s a mess and is just not an ideal experience (unless you’re using old reddit, which is a minority). + +The solution that we’ve arrived at, which I’ve written and tested on our test sub (yes it’s a thing now, so we don’t fuck things up again), is a bot that changes historical post flairs to match the new flairs which will resolve the whole filtering issue and essentially returns flairs to its “normal” state. + +The following are the mapping of the flairs \[New Flair\] ← \[Old Flair\] + +&#x200B; + +[\(Note AMA has been applied inconsistently, so I’ll be hunting them down and changing manually, also changed Due Diligence back to red background colour because it’s OG\)](https://preview.redd.it/ulor877ejjz71.png?width=745&format=png&auto=webp&s=face5f70942e959b894b1fddc510a21183860ce6) + +Looking at the above mapping, you may think - why the fuck change the flairs? If we knew it fucked up filtering when editing them, we would not have touched it with a 10 ft stick. As the majority of them were changing wording/emojis. Big oof. + +# Next Steps + +**Request for Feedback** + +The bot ***has not started***, I want to collect feedback beforehand. So shoot the shit below in the comments. Maybe there is an elegant solution that has slipped through in our research! + +**Mapping Old Flairs to New** + +Gonna approach this with caution (unless some genius Redditor points out a really simple solution) by starting with the least valuable flair's first. This is in case something goes wrong - it’s been tested extensively in the test sub and has been trialed out on top 10 all-time posts, however better safe than sorry (yes, the irony is not lost on me haha). + +These would be things like mapping social media, hype/fluff etc.. first before moving onto the flairs that are important; DD, Possible DD. This makes it easier to monitor, assess how it’s going etc.. better risk management really. + +Cheers everyone, thanks for bearing with us while we fix the hole we dug ourselves 😅 + +Thanks to those who helped us out and voiced their thoughts to guide us, in particular u/jkhanlar and u/bah2o \- who productively gave us help when it came to flair filtering links and ideas. Big ups and much appreciated. + +P.S. We're recording CS Part 2 AMA next week. We got the clarification questions and some more juicy ones loaded. [Find part 1 here](https://youtu.be/LVEJo87jejo). +I'm going to post this again and again each week. +This 10 million floor sentiment is nice but we all really have to wrap our heads around this. + +If you hodl this really does have the ability to get into the billions. + +UNLIMITED LOSSES- THEY KNEW THIS AND WHY THEY CONTINUE TO FIGHT TOOTH AND NAIL. + +THEIR EXPOSURE IS UNLIMITED. +I know this sounds ridiculous but you all need to wrap your heads around that. +Waiting too long to raise interest rates would be "unwise" as economic growth continues and inflation rises, Fed Chair Janet Yellen told Congress on Tuesday. +http://www.cnbc.com/2017/02/14/fed-chair-janet-yellen-unwise-to-wait-too-long-to-hike-interest-rates.html +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +Coming here to celebrate a bit as I don't have people to share this with IRL. TL;DR at the bottom. + +But wow feels freeing! Last night I realized that if I let my investments grow across taxable, 401k, and Roth IRA that we'd hit our number by age 60 in average markets. + +Have to say the pressure feels off now. We'll be okay. We'll hit bumps I'm sure but we have enough to weather the storm. Now it's all about staying the course and speeding up that time horizon. + +And while the weight on my shoulders feels less, *the motivation is stronger than ever*. + +We're married, 31 years old, 1 kid so far. I'm +90% of our income so feel daily pressure (that I put on myself) to keep the pedal down and keep the family in a secure spot. + +I've been incredibly fortunate to get some lucky timing in my career that's accelerated earnings last three years or so. No startup stock excitement or FAANG, just moved into sales and uncapped commissions are really good when they're good with the right company. Have grossed over $300k last two years which is the bulk of the accelerated savings. + +Investments just crossed $600k and the goal is Chubby FIRE with a target investment portfolio in the $3.5m range. Possibly higher if I'm still motivated to make bigger career moves in 5-10 years. + +**Backstory that you probably don't care about but I always like to read others so...** + +Started my career out of college with minimum wage grunt desk work. Moved up with some raises and promotions in the $50k-70k range and thought I was doing really well. + +Learned about budgeting and YNAB through that time when I realized my bank account wasn't growing on $7.50 an hour and living downtown. + +Got hints of "FIRE" type ideas but was more excited by compound interest and getting rid of debt. + +Built some good financial habits in that time by sticking to budgets, attacking debt, and investing what I could, but realized to get ahead I'd need to earn more in order to save more. + +Doubled down on personal development and career growth and was lucky to have mentors along the way who helped me level up. + +**Goals now are**: + +* Don't fuck it up +* Build more stability in our careers through this high-earning phase. I always assume I could get fired tomorrow. +* Don't lose sight of family +* Avoid significant lifestyle creep and spending (a bigger house was our big shift through income increase but otherwise we're fairly frugal. Don't daily/monthly budget anymore though) +* See what we can do about income taxes if anything +* Stop holding onto so much cash... I've got 20% of liquid net worth in cash right now and it's much more than we need. It's my comfort blanket. + +**TL;DR and Unsolicited Advice** (I used to get really jealous at people earning what I am now so I get it if you've bounced and downvoted. Keep at it.) + +* Investments crossed over $600k this week and would get us to retirement goal by age 60. The realistic goal for true "FIRE' is 6-12 in our late 30s or early 40s depending on markets and earnings. +* Keep using the r/personalfinance flow chart. It's a great way to remind yourself of what's next as your career advances or you're crossing off goals. +* Ask for help and give help often. +* People roll their eyes but your net worth is your network. It's very hard to improve yourself if you're not around people better than yourself. +* Personal development isn't woo-woo. Books that have helped me are often marketing or business-related. Helps me speak to a higher level with colleagues, build rapport, and translate business wins into a career. Like "80/20 Sales and Marketing" - all about Google Ads but learning about the Pareto Principle from that book has literally changed my life. Then layer that mindset in with Gallup Strengthsfinder, and The One Thing goal setting. I can work on weekly goals towards a bigger one, leveraging the biggest strengths I have towards the difference-maker. +* (not saying those will work for you, but they have worked for me. I ignore other PD things. I'd just urge you to lean into that a bit more if you haven't and have an open mind. If you find someone you like, read or listen more. If you don't like who you're consuming, move on without finishing) +* Chasing money is unfulfilling (after a point). I mostly had monetary goals and still do, but as I keep crossing milestone earnings or salaries there's a point where lifestyle, work environment, and happiness are more important. I passed on a job which would have been much more money because it didn't align with those. +* Don't measure your beginning to someone's middle or end. If you can be motivated by them great, if not give them a mental thumbs up and move on and focus on improving your tomorrow. +* Never stop learning. I have some privileges that I'm mindful of and I'm sure have helped me - or at least not hindered me. I'm also coachable, competitive, love to learn, and passionate about what I do. +* Celebrate the wins. +* Find a hobby that's not work-related. +* /endTedTalk + +If you read this far thanks and I hope it's been helpful. I'm bad a celebrating my wins so this is my attempt to do that here in a community that's helped me a lot. +I went to see a therapist which I found on my health insurance company's website of listed providers. + +My therapist didn't know what my copay was at the time, she told me she looked into my credentials and said it was $20. + +I stopped seeing this therapist because my schedule for work changed, plus I didn't find her to be a good fit. About a month and a half has gone by since seeing her, and she sent me an email yesterday saying that because she was an out of network provider I owe her $700. + +If she was an out of network provider in the first place, shouldn't she have told me in the first place? This seems a bit unprofessional to me. + +EDIT: Wow this has gained a lot of traction! I tend to keep matters like this factual and to the point but here is some additional info: + +- My therapist is blind, she has an assistant doing her billing. However this doesn't really explain the lack of communication. Someone could have notified me of this five months ago. + +- I actually see a new therapist in the same building, in the room next door who takes my insurance in network. I will be mentioning it to this new therapist(she also is a better fit). + + +- I DO have a deductible that can go towards this $700, but this is really about the principal of the matter. + + +- At the end of my treatment, she wrote me a check for $80 because I overpaid in copayments(the irony!). Now she wants more moolah. + + +- I have email correspondence for everything. + +- I also have an entire PDF of therapists who are under my plan, she is listed as one of them. + + +- As for my anxiety? Well I'm just dealing with this in the moment, new therapist made better suggestions about dealing with stress. +I just realized that crypto prices are different on different exchanges. As I write this, a certain altcoin is 6 cents lower on one exchange compared to another. What's stopping me from buying it on one, sending it to the other account, and quickly selling it? Do people make money this way? I would think that even with fees, money could be made if one wrote an algo to look for this. I can't be the first person to have thought of this. What am I missing? +Should I use QuantConnect's free provided data feed or should I use Interactive Broker's data feed assuming I'm running a live algorithm on Interactive Brokers using QuantConnect? +Just starting to look at brokerages. I would like to know what everyone else thinks makes a brokerage good for algorithmic trading. Also, what sorts of things should I look out for? I have been seeing quite a bit of support for Interactive Brokers, so maybe we could use them as an example. How well do they fit the ideal brokerage? What is good about them? Where do they fall short? +The following graphs are my models' profits over time, predicting on unseen data. + +Say my model works very well if I can collect data for my features and predict on the next day, 0 days delayed. But if I am delayed one day, it is very choppy (for obvious reasons). How can I get data as soon as the trading day end if I am using, say, FRED, yahoo finance, alpha vantage data? Some of my features are rather complicated (like corporate paper), and are difficult to find. + +&#x200B; + +https://preview.redd.it/u5xtctoechw91.png?width=1078&format=png&auto=webp&s=9ded20def96b5887b181c600ca1bc7ac1f2b61a1 + +&#x200B; + +https://preview.redd.it/db3852xdchw91.png?width=1024&format=png&auto=webp&s=1b66a3c7e1483baab83d066e9b131bcefbaf67c6 +Inspired by [this amazing analysis!](https://www.reddit.com/r/investing/comments/6gunbv/myth_stocks_are_overvalued/) + + +The analysis grabs your attention with an amazing "fact", as clear as daylight + +> Fact: Stocks remain attractively valued. + + +He then proceeds with some other facts: + + +> Everyone likes to talk about PE ratios, but not too much mention is made of interest rates. Interest rates are just as important as earnings when we assess equity market valuations. And one of the most popular benchmarks for interest rates is the current rate offered on the US 10-year Treasury Bond. +In this 15-year visual comparison of the US 10yr rate vs. the S&P 500 earnings yield, we can see that the premium between the two is currently larger today than it was during 2002 thru 2006 (which many consider to be a time of more "normal" markets). That is, given today's interest rate environment and the current earnings associated with the S&P 500, stocks are actually less expensive today when compared to the pre-recession markets. + +and rambles about stocks being "less expensive" because the equity yield premium was 3%. As a "proof" he gives **1-y return** for 3 data points ... and correlates them with their respective **10-y equity premiums**. Makes *perfect* sense. + + +I found it funny and decided to test the theory in practice. I calculated the 10-y equity premiums (10-y bond yields - trailing year equity yield) using data from [this website](http://www.multpl.com/10-year-treasury-rate/table/by-year), and plotted it against the S&P 500 10-y inflation adjusted return (dividends reinvested) for the period 1970-2017. + + +[Here is the result:](http://imgur.com/a/vAyFL). The 10-y equity premiums has a 5% correlation, less then an alphabetical selection of stocks. Shiller P/E (and also the inverse, the yield) has a 56% correlation, which is still flawed, but at least exists. + + +[Here is the excel file, in case anyone wants it](https://ufile.io/1sa20) + + + + + + + + +The article states: ["Low approval ratings raise legislative risks. In the near term, we believe there is a 50% chance of a brief government shutdown, as the president seeks to solidify support among his base by embracing more controversial positions."](https://www.cnbc.com/2017/08/18/goldman-there-is-a-50-percent-chance-of-a-government-shutdown.html) + +I always figure that a shutdown would be due to the short time frame and some Freedom Caucus hold outs. +From The Wall Street Journal: + +"Verizon Communications Inc. has agreed to pay $4.8 billion to acquire Yahoo Inc., according to a person familiar with the matter, ending a drawn-out auction process for the beleaguered internet company. + +The price tag, which includes Yahoo’s core internet business and real estate, is a remarkable fall for the Silicon Valley web pioneer that once had a market capitalization of more than $125 billion at the height of the dot-com boom. + +For Verizon, the deal simply adds another piece to the digital media and advertising business it is trying to build. + +The deal is expected to be announced early Monday. The price was earlier reported by Bloomberg News." + +http://www.wsj.com/articles/verizon-finalizes-4-8-billion-yahoo-deal-1469380974 +# America + +* Q3 GDP growth was stronger than expected (Actual 3.5% | Expected 3.3%) + * **Government spending**, largely on defense purchases, was a large part of this + * **Consumer spending** was especially strong (Actual 4.0% | Expected 3.3%) + * Spending on apparel increased the most since 2005 + * **Business investment** slowed +* Business’s are borrowing from their future growth by accelerating their build up of inventories ahead of **tariffs** +* **Consumer** **sentiment** is holding strong at multi year highs + +# Other + +* **Canada’s** stock market hit its lowest level since 2016 + * Household **credit** **growth** has slowed to pace not seen since 1983 +* **Industrial** **production** in **Singapore** has slowed to a stop +* With low inventories, **Iron** **ore** prices hit an 8 month high + +# China + +* The **yuan** remains at a multi year low +* **Industrial** **profits** have dropped sharply +* Growth in **e-commerce** is slowing +The picture of Geoffrey waving goodbye and the sign that says "I guess everybody grew up" is *so. fucking. sad.* It literally made a single manly tear roll down my rugged cheekbone into the iron stubble on my jaw. + + +But for real, they had no reason to go under, they had cornered the market on toy stores, there are no large scale fucking toy stores now. Which trumps the internet because you could actually *play with the toys before you bought them* and knew for sure if you really wanted them or not. + + +The fact that they said "I guess everybody grew up, there are no more toys я us kids" is so fucking sad, because they were mauled to death by illegal short sellers and had no idea it was happening and had no defence. + + +Fuck the shorts. Bring back Geoffrey. I want my daughter to be a Toy's Я Us kid!! +Yesterday they tried to paint RC as a criminal with “breaking news” about his 13-C from March and today to completely misclaim his 144 as a fucking sale only to have See and Bee See pin him as a market manipulator and rug puller on retail traders. + +Little do they know the Jolly Roger has been raised and we are more Diamond balled than ever before. + +Loading on more shares and calls for both stocks tomorrow. + +Prepare to fuk 🚀 + +Edit: 13D aka 13Deez nuts +Hello, I have been following PF for a while now, and greatly appreciate everyones help and information that I have used and shared over the past. Now to the reason I am posting: + +My mother had a stroke around September 2017. She was at work at the time of the stroke, and has been working with a workers comp insurance agency since the incident. From the information I have been told, it sounds like they have been advocating for my mom, and working their best to give her sufficient support, and have been paying for her medical expenses as well as a portion of her original monthly pay. + +Now, about six months later, they are offering her a settlement, to not return to her job. She says that she will be getting health care insurance through medicaid. So if she is going to be getting health care, and she doesn't know when she will be better, or when she will be well enough to return to her job, what are her best options? + +Is her best option most likely to take the settlement? What kind of questions should she be asking? Or should I be asking her? Is there someone she should be hiring to help in this situation? Any suggestions or advice would be greatly appreciated. Thank you all for your time! + +**edit:** +Thank you everyone for your advice and input. I will look into get a consultation with a lawyer and go from there. Thanks again! +It seems to me like the only thing options are good for right now is giving bad actors the option to pull off some master fuckery in the markets, and maybe even wiggle their way out of the inevitable margin calls and liquidations that should be coming their way — all because of some overly greedy, piss-poor, and possibly even illegal, trading activities. + +**Two things I want to cover in this post ...** + +**1) Hiding Short Interest In deep OTM Puts and, more importantly ...** + +**2) Misvalued Puts (w/ an update from today)** + +But first, none of this is financial advice. I may have some of this wrong (and if you spot anything, please let me know). I try my best to stick to the facts, and wherever I might make speculation, I'll point it out or phrase my speculation as a question. Like everyone else, I'm just trying to get to the bottom of shit here, and make sure this is a fair game for everyone involved. + +**1) Hiding Short Interest** + +https://preview.redd.it/ofkx9or6yvz61.png?width=1320&format=png&auto=webp&s=57af01ec7898811a8356b3d21ad4d61077a9f101 + +As everyone probably knows by now, there's a strong suspicion that open shorts are being stashed away in Put options using married Puts. Melvin had a 6MM share Put position that they didn't disclose until April (they tried to get away with not disclosing this position at ll, but SEC eventually said no way). In their latest filing, Melvin shows no GME position at all. Poof, nothing. Problem solved, right? Fuck no! + +If you don't know about this, you can learn about it here: [https://www.reddit.com/r/Superstonk/comments/nacqtm/may\_update\_on\_the\_marriedput\_forensic\_analysis/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nacqtm/may_update_on_the_marriedput_forensic_analysis/?utm_source=share&utm_medium=web2x&context=3) + +I also provide my own analysis and additional supporting evidence here: [https://www.reddit.com/r/Superstonk/comments/ndaad2/dd\_saturday\_special\_robinhood\_citadel\_options\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ndaad2/dd_saturday_special_robinhood_citadel_options_and/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**2) Misvalued Puts (w/ an updated example from today)** + +Misvalued Puts ... I almost find this more troubling than Married Puts hiding open shorts because almost no one knows about it, and the only way to detect it is to own one of the Puts affected (and trust me, they are terrible Puts ... I only happen to own any because I'm an idiot. That said, hedge funds own a ton of very bad, very OTM Puts. But why do they own them? Maybe what I'm about to show you has something to do with it ... + +Now I've been posting on this phenomenon for weeks. I've contacted my broker (they basically shrugged their shoulders), as well as an unnamed third party. Still, this problem persists (and in my opinion, it's a big, big fucking problem!). + +You can get the gist of what's going on here: [https://www.reddit.com/r/Superstonk/comments/nbjckf/stress\_tests\_are\_easy\_with\_cheat\_codes\_may\_13/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nbjckf/stress_tests_are_easy_with_cheat_codes_may_13/?utm_source=share&utm_medium=web2x&context=3) + +Essentially, week after week I'm noticing deep OTM Puts are being wildly mispriced by 5x, 10x, 20x, even 40x their correct value. Correct value should be based on the bid/ask spread. The value should be the mid way point ... so if the active bid/ask is $.40/$.80, and I own one of those Put contracts, it should be worth $60 (midway of $.40/$.80 = $.60 x 100 = $60). We multiple by 100 because each Put contract covers 100 shares. Now the problem is I am routinely seeing multiples of this. If I were a hedge fund, this might cause me to look solvent when, in fact, I might not be solvent at all. + +Here's an example from today (May 21, '21 $1940P), and it's different that what I've posted before, and I'll explain how. + +https://preview.redd.it/q08qxcnn2wz61.png?width=2126&format=png&auto=webp&s=805ec3bc46a31b71b0e581f4b37d6df79b18033f + +So the "Value" on this Put contract is begin carried in my account at $280. In all reality, this Put is sort of worthless. If $BKNG doesn't go below $1940 by the end of this week, this thing expires worthless. I lose 100% of my premium (my initial cost to buy the contract, which was $64). $BKNG is at $2245 right now ... so really, there's pretty much no chance this ever going to be worth anything, and the options calculator even knows it too because it's telling me the theoretical value is zero. + +https://preview.redd.it/v33lhpui1wz61.png?width=780&format=png&auto=webp&s=d67134e7f7c25379285ae78912733060dbfd41d9 + +Well, maybe there is just a huge bid/ask spread you say. No, there's not. How do I know? Because when I first logged in to my account this morning, May 21, '21 $1940P was showing a carry value of $430. See below. + +https://preview.redd.it/j0c4b3173wz61.png?width=1582&format=png&auto=webp&s=28c270ff2bdf3b27026e9a71da8c1ca3429f030a + +Now I know that ain't fucking right (let alone all the other bullshit prices above it \[again, options calculator tells me these are all theoretically worth zero)\]. So you know what I did about our little friend BKNG May 21, '21 $1940P. I put this piece of shit up for sale for $1. + +https://preview.redd.it/4ws9qjfh3wz61.png?width=2386&format=png&auto=webp&s=60c952630fc39d4ed5644cb8d2ef2e859a3c388b + +I even waited a little while to make sure the bid/ask was updated in the market: + +https://preview.redd.it/s6qqwcuj3wz61.png?width=956&format=png&auto=webp&s=81fdcb00ba54886c1b84644cfebf729c934b8068 + +And then I checked the carry value in my account again: + +https://preview.redd.it/n7wy6w7m3wz61.png?width=2126&format=png&auto=webp&s=ceab2cf8e72d4618bcb8d15c647cda0edd7f32bf + +$280 now?!! This piece of shit should be at $50 ($0 Bid/$1 Ask should = $50), not $280. That's really, really wrong. And this is adding actual value to my account, incorrectly. If I were on margin ... well, you get why this is a huge problem. + +Put carry values are totally fucked, folks. This doesn't help out retail because most retail traders aren't carrying deep OTM puts. This example here is fairly minor too ($280 instead of $50). I've documented examples where the carry should be $2.50, and it's $1,000 ([https://www.reddit.com/r/Superstonk/comments/mz1yr9/is\_it\_possible\_for\_an\_account\_to\_offset\_losses/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mz1yr9/is_it_possible_for_an_account_to_offset_losses/?utm_source=share&utm_medium=web2x&context=3)) + +https://preview.redd.it/nz6nirv3dwz61.png?width=984&format=png&auto=webp&s=f4acbade2fa9d5df75076bc06af651883ad9de2a + +**You know who's probably getting fucked the hardest by this — any retail investor long $GME.** + +Here's why: + +As I've pointed out in my previous posts on this, you know who carries a ton of Put options in BKNG? Citadel. Are they benefiting from this "glitch" this morning? + +https://preview.redd.it/sgpc8pby4wz61.png?width=3066&format=png&auto=webp&s=e4f8092abae24fff97c01d5fcdc85bdefa28ebae + +But BKNG isn't the only one. They (and other hedge funds short GME) carry a ton of Puts on all kinds of tickers. And I bet they bought a lot of them for very cheap, and way OTM. The only thing I don't know is, do they all have fucked up carry values like all the examples I've shown. And of course I can't know this because I don't own them, and I can't just look in my portfolio to see what the carry value is. + +If Put carry values are fucked up across the board, I'd imagine this "free money" glitch is very helpful in keeping all those books balanced. + +So what da fuck is up with options, man???? Inquiring minds want to know!!!! + +Edit #1: #BanOptionsTrading + +(at least until all this bullshit is figured out and fixed!) + +**Edit #2: Yeah, so I just got this in my inbox ... fucking sad, really ... shills already lost control of this one thankfully. Must really be on to something.** + +**Spread this far and wide, my fellow apes.** + +[Smells like ... desperation.](https://preview.redd.it/vpkbi9nrnwz61.png?width=1942&format=png&auto=webp&s=918c538c831f3149fa0641a799c6641f5aff247c) + +**Edit #3: Nevermind the above ... I think this was triggered because I included a link about Alex Kearns in one of my comments. Let's not forget Alex Kearns!** + +**Edit #4:** [https://www.reddit.com/r/Superstonk/comments/nfn5jo/vincent\_ape\_still\_complaining\_about\_gme/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nfn5jo/vincent_ape_still_complaining_about_gme/?utm_source=share&utm_medium=web2x&context=3) +How much did you lose? What percentage of your net worth did you lose? How long did it take you to recover? + +As someone who lost 40% of his net worth this year, it would be great to hear your long term journeys. +In a quite recent tweet from Plan B he confirmed that he is still holding onto his Predictions. + +Also he pulled down the S2F model to 100k by December, originally it was 100k by mid cycle and he thinks that this cycle will go over December. + +All this is not his actual model. His actual model that predicted completly right for like 3 months in a row is still going with 98k Nov and 135 Dec. (In further predictions he even was looking at a 200k-300k BTC price next year.) + +Also Benjamin Cowen another popular analyser is agreeing with him. + +I personally think those are pretty high predictions and would like to keep my expectations a bit lower so that I wont be completely devasted of it does not happen. + +But what do you think? + +(source: Plan B Twitter) +This is the worst dip we’ve seen yet this cycle, but we’ve seen lots worse in previous cycles and bitcoin still came back to rally when the time came. Be patient. one bad thing happens and everyone seems to forget the long game. This is exactly how they want you to react so they can have your bitcoin. Quit feeding the FUD HODL +Hello all, + +This is my first trip to this sub, but I promise not my last. I come asking for basic tips and guides that you could potentially link. My fiancé and I are looking to purchase our first home. I’m sick of throwing money to the wind with renting. + +Every where I look there is a massive influx of information, some of which is conflicting. If there are some tips you could point me to, or Link I would be genuinely appreciative. + +General overview: combined income is 150k pre tax. I currently pay $1500 to live in the city and manage fairly easily. This doesn’t have to be my forever home, or some beautiful house. + +I just want raw, gritty info that I may not have known. If I need to provide other details I would be happy. + +Thank you! +Hi all, interested in people’s experiences and how they have (successfully) dealt with a hot property market. What was your strategy? Was their anything you would/wouldn’t do again? + +My current thoughts: +- Be patient and wait till the heat/frenzy dies down (if it will) +- Compromise and expand your search radius to areas outside your target suburbs +- Adjust your expectations, ie consider townhomes instead of houses. + +For what it’s worth. In the initial stages of house hunting in Melb (10ks north of Melbourne ideally). It’s a crazy market, places are going for 15-20% above SOI indication. To me seems ridiculous! +There are so much talk around ethical ETFs. But sometimes I wonder if investing in “unethical” businesses may also be quite profitable. Is there an ETF that only tracks all the “unethical” businesses (fossil fuel and others) that ethical ETFs won’t touch? +Everyone's definition of a fulfilled life is different. Not long ago I let my F.I.R.E. goals cloud my judgement and skew my values, and I willingly sacrificed my overall quality of life to hit those goals. I've read some posts recently that gave me pause, and I think there may be others caught in that same trap of extremes. So I though I'd share my experiences: how/why it happened, how I almost went further in the wrong direction, and what I ultimately did to restore balance in my day to day life. + +I started doing F.I.R.E. about four years ago, with the (obvious) goal of working no longer than necessary and to retire as soon as possible. I don't have expensive tastes to begin with, so came about naturally. Was (and am) putting the bulk of my income into various investments, picked up additional work in my spare time. Started a company, bought a home so I could get out from under the trap of renting. My work situation is a bit atypical- as a consultant I set my own schedule, both the when and the how much, and have more work available than time in the day. Work that I can largely pick up and set back down as I see fit, within reason. + +Working an average of 50hr/wk, I broke $200k/yr for the first time in 2019 - a personal best. I grew up poor, so that was a financial goal I never expected would be possible. Then in 2020, with some trial and error, I was able hit that goal again working 40hr/wk. But without realizing it, my life was little more than work/gym/link up with friends on the weekend. Save save save. Work work work. A fairly common existence I'd imagine. I opted to not take that trip, go to that music festival, order that ribeye. Then COVID hit, and it made those choices even easier to make. But before long, I realized I was no longer living, I was just existing. Going through the motions so some future version of myself wouldn't have to do the same. Before long I was really unhappy. I started isolating from the people I care about. I'm not sure what the turning point was, I think it was another contract that I just couldn't pull the trigger on. It would have put me up to 250-280/yr at 50hrs/wk. But just the thought of it weighed on me. Where does it stop? Then it dawned on me: rather than work more, work less. Eat the steak, take the trip, go on the adventure. Money well spent. So now, after yet more tweaking, I'm down to about 20-25(max)/hrs, $160k/yr. That shift was an absolute game changer - having a part time schedule but keeping my income at nearly 80% of what I'd typically bring in. I'll never go back to chasing the almighty dollar the way I had. I also learned to indulge without guilt. Yes it's pushed off my E.R. a bit, likely a few years, but that's ok too. For me, balance is key. + +Obviously we all don't have the option to scale back to PT on a whim, or to pick and choose when we work. That said, no matter your circumstances, no matter how rosy retiring at 30, 40, 45 may be, the ends have to justify the means. Tomorrow isn't guaranteed. Is it worth gaining 2.5 years of retirement by eating ramen and canned tuna daily? Is it worth gaining retirement time if it means living with mom and dad as long as possible? Even if you think it is worth it, do your parents feel the same? They might just enjoy their own retirement a bit more if you'd move on, but not have the heart to tell you. + +TLDR: + +*Don't be so beholden to the destination that you're willing to sacrifice the pleasure of the journey.* + +Edit: Want to apologize if the financials are offensive, wasn't my intention to brag it up. I take it for granted, because I live largely the same way now as I did when I was making 12/hr as a line cook, a job I had when I was released from prison in 2016. I've only been 'back on the horse' for four years. Sincerely. 2010 outback, 2br/2ba house, one br is the home office. Software development. Will post tomorrow about how I built the business. If an 11 time convicted felon can do it, chances are so can you. +3 months back (when I switched to variable tariff) I found ECO MODE option on my Worcester combi boiler. When activated it only heats water on demand and doesn't keep water heated and ready. My usage graph shows atleast 10% reduction in hot water bill. Minor inconvenience in terms of delay in getting hot water in tap but has saved me £15 average per month. + +I thought of sharing this in light of this catastrophic price rise. +Today is the day!Bmo has finally put online its new ETF: ZCLN. With an introductory price of 30$. The ETF wants to mimic the S&P Global Clean Energy Index. In addition, it is cheaper than the ICLN. It is only 0.40% (MER). The fluctuation has been low since this morning. Lets the ride begin! + +[https://www.bmogam.com/ca-en/advisors/zcln-bmo-clean-energy-index-etf/](https://www.bmogam.com/ca-en/advisors/zcln-bmo-clean-energy-index-etf/) +Welcome to this month's Rate My Portfolio megathread. Here, others can chime in on your portfolio with their thoughts, keeping the rest of the subreddit clean, and giving you the ~~confirmation bias~~ sanity check you need! + +&#x200B; + +Top level comments should aim to be highly detailed (2-3 paragraphs). Consider including the following: + +&#x200B; + +\* Financial goals and investment time horizon. + +&#x200B; + +\* Commentary on the reasoning behind your current and desired allocation. + +&#x200B; + +The more information you can provide, the better answers you'll get! + +&#x200B; + +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](https://old.reddit.com/message/compose/?to=/r/CanadianInvestor)). + +&#x200B; + +\--- + +&#x200B; + +Please don't downvote posts you disagree with. If a comment adds to the discussion, it warrants an upvote. +The plan: + +1. Get a HELOC at 2.35% for $100,000. The interest is $2350 per year, or nearly $200 per month. +2. Invest the 100,000 into a few dividend-paying ETFs such as XDIV, VDY, and ZEB. Assume the dividend rate is 3%. That's $3000 per year, or $250 per month. +3. Net gains per year: + 1. Gains on dividends = $3000 - $2350 = $650. + 2. Tax savings on the interest = $2350 \* 50% (\~highest tax bracket) = $1175 + 3. Tax paid on eligible dividend = 3000 \* 40% (\~highest tax bracket for eligible dividends) = $1200 + 4. Overall gains = 650 + 1175 - 1200 = $625 plus 3-4% compounding growth on the $100,000 ETF. + +The calculations above aren't 100% exact; I have exaggerated losses and under-represented gains, so the final value is somewhat conservative. + +&#x200B; + +Assumptions: + +1. There is no mortgage on the house. +2. Investment horizon is long-term (10+ years) and risk tolerance is as high as 100% equity ETFs (I'm not a fan of individual stocks for the long-term). +3. All investing will be done in non-registered accounts. + +&#x200B; + +Risks: + +1. HELOC rate goes up, or dividend yield goes down - I'll have to pick a steady dividend ETF and hope for the best. +2. Market crash (ETF goes down) - we had one last year and I don't think we'll see another >30% market drop for the next few years at least. As long as the bank doesn't call for their money back, I can hold until it's green again. I can also comfortably make the monthly interest payments without relying on a dividend. + +&#x200B; + +Is there a risk I'm not thinking of, or a calculation I'm doing incorrectly? Do you see issues if these numbers were scaled out to a higher HELOC amount, like 500,000? +I'm hoping someone can clarify QE for me. + +Is QE mainly about the supply of money to encourage lending or the interest rate? If QE is meant to lower interest rates by buying bonds and making the price go up and thus the interest rate go down… why do they need to do that if they can just set the interest rate? +Hi, + +I am thinking of BaristaFIRE'ing next year and yes I have always been a bit of a risk taker but here is my current scenario and my current plan. I guess my real wish is for my husband and I to quit our jobs and be able to explore starting our own business or working in less stressful jobs. : + +&#x200B; + +**Current Scenario** + +\- Earning $125k, Husband earning $104k + +\- $145k in Shares/ETFs + +\- $15k in cash + +\- $200k in 401k/Superannuation + +\- Fully paid off $550k value house + +&#x200B; + +**Plan:** + +\- Use equity in house to borrow 80% out being: $440,000: + +\- Put another $50k into super (concessional cap - means I get a tax deduction) + +\- Purchase 3 cash flow positive properties (160k 10% deposit & other costs?) + +\- Add 230k to shares/ETF + +\- Save up 120k in the next year and then add 75k to cash & 45k to shares/ETF + +&#x200B; + +**In one year's time:** + +\- 4 cashflow positive properties with loans (current paid off house will be cashflow positive even with loan) + +\- 250k in super + +\- 420k in ETF/Shares + +\- 90k in cash + +\- Quit work and go volunteer/work/holiday in south east asia region + +\- Live off 4% dividend return from ETF/Shares: $16,800. This equates to $1,400 a month. Rent in SE Asia on Airbnb is around $420 a month. That leaves $980 a month for living expenses ($233 a week) which is quite sustainable. If not, maybe we could do some volunteering, teaching English, husband programming + +&#x200B; + +**If we have kids:** + +**-** come back to Australia for free medicare/healthcare & family + +\- Reallocate funds into paying off one of the properties so that no need to pay rent and look for some easy/low stress work + +\- worse comes to worse, there is a good social welfare system + +&#x200B; + +**Real retirement age (60 yrs old) in 27 years time** + +**-** According to compounding, super/401k should be just over a million (assuming 7%growth). After 60, can start drawing from super/401k tax free + +\- Properties should have doubled in value and hopefully the rent would have risen substantially. This means I can sell the property to access the equity, hold and keep the rental income or I don't know if refinance is possible after retirement? + +&#x200B; + +**Risks:** + +\- Interest rates currently 3.99%. If interest rates go up alot, may not be able to afford repayment on loan. However, do have savings/Share dividends in cash to cover + +\- If properties cannot be rented out. I am targeting properties close to the city that have low vacancy rates. At least I will still have alot of cash as a backup. If they really cannot be rented out for very long periods of time, like over a year, then I would be in real trouble and have to go back to work? + +&#x200B; + +Is it too risky? I am really keen on this plan but at the same time there is alot of risk. But I figure that the worst case scenario is that we will both have to go back to work. Maybe I need someone to talk me out of this! +The whole article is worth a [read here](https://www.theguardian.com/money/2018/dec/22/lithuania-iceland-banking-revolut), but the key excerpt is this: + +> Last week, London-based Revolut, one of the fastest-growing smartphone-based banking services in the UK, announced it had obtained its European banking licence and will start accepting deposits as it “edges further towards its goal of becoming the Amazon of banking”. Revolut is based in London’s Canary Wharf, here so you might expect its licence would come from the nearby Bank of England. But no, the new licence is from the Bank of Lithuania. + + >Already Revolut has 3 million customers. That’s more people than the entire population of Lithuania – and it transacts more business every year than Lithuania’s entire GDP. + +> Revolut, in its press release, boasts that “the new banking licence will allow its customers to start depositing their salaries, which will be protected up to €100,000 under the European Deposit Insurance Scheme” (EDIS). The release makes no mention of Lithuania. + +> But the thing is, EDIS is just a proposal made by the EU in 2015. As a Europe-wide guarantee of deposits, it doesn’t yet exist. It is understood that some EU countries, led by Germany, have blocked its introduction, understandably concerned that they will be the backstop if other countries’ protection schemes fail. + +So your Revolut funds are essentially dependent on the Lithuanian scheme's ability to pay up in the event of a collapse. Given there are more Revolut customers than the Lithuanian population – plus recent history in Iceland – I'd be pretty wary of this. + +Personally I'll continue to use Revolut for smaller amounts for travelling, but I'll be staying away from putting larger amounts in until there's full protections. + + + +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/xxh13d) 🎃🐦 + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I'm currently investing most of my money in stocks - however I'm concerned that someday in the future there would be a stock crash - and then most of my hard earned money would go to waste. + +What are your idea's on preparing for a stock crash? E.g.: + +* set a stop loss (however, when there is a crash it might sell significantly lower than intended..) +* weather it out - just be sure to invest safer once you come closer to pension age +* hedge with other financial instruments + +When I look at other financial crashes I think it is almost a certainty another stock crash will happen some time in the future. Or am I being too paranoid? +Im 19 currently work 9mins away from work for 5 days(40hrs) a week at $19/hr along with every other weekend ($28.5/hr-Sat, $38/hr-Sunday). But soon to be switching to 6 days and 55hrs. I have plans to attend Community College this fall. + +Starting off my goal and mindset was to buy a vehicle later this year. A truck not new but used and something that I like for 20k or to begin making payments and receive a car loan. A treat to myself. I currently drive a 2009 Pontiac G6 w 193k miles. But looking forward I feel like this isn’t the right choice. If I did buy another vehicle Id be able to give my mom my car. But as much as I do want a truck Id like to be financially responsible and not be dumb with my money. I don’t know If Id be housing near my school or just commute and stay living at home. I don’t pay any utility bills just Insurance, Gas ,and soon to be CC. I hope to still be working when school starts at least 40hrs but am afraid it will have to be less. + +Anyways my gut is telling me to just save up my money. To buy and be ready for any necessities that I will need later on. As well as paying off school when Im done. But is that all there really is to offer? Am I missing something? I am just lost at times. + +Thank you to anyone that answers, your advice is appreciated! +I was talking with a hard money lender and surprised by some of the requirements and terms: + +Before you get the hard money loan, some of the more interesting requirements: + +1. Must have a company, they won't loan to an individual. +2. Two personal guarantors +2. Copy of the Driver's license of the borrower and guarantors + +Funding Process: + +A. Borrower is responsible for lender's attorney fees, including doc prep, title insurance and recording fees. Lender chooses attorney. + +B. Points and interest accumulate and are paid when the house sells. + +C. Interest starts on the entire loan amount from the first day of closing, even if draw funds are not released. + +D. If closing is delayed, interest will still be charged from the original closing day. + +E. Work must be completed before funds are released for that work. + +F. Automatic 2-month extensions. One point for each extension. Total 2 extensions to 10 months. + +G. At the end of 10 months, another 2-month extension requires borrower to pay all accumulated points and interests. Interest rate goes up to 18%. + +H. If loan is not paid in full at 12 months, the borrower will sign a deed in lieu of foreclosure. If not signed, they will start foreclosure process. + +The last one - deed in lieu of foreclosure, caught me by surprise. I guess it makes sense, but can you imagine pouring your own time and money into a property only to walk away from it? I spoke with another hard money lender and he said he has acquired a few properties this way, and he said even experienced rehabbers have walked away from properties. Forget tax sales, this seems to be a better use of money. + +EDIT: anyone know any you must have a company? Seems like an extra layer if you try to recover your money. +Title pretty much says it all. The RE market (along with the rest of the economy) has been booming for quite a while. For a long term rental property, would it be better to hold off on purchasing a property, or make the leap now and hold on to it through any potential down turns? +Posting again here since I thought might get more advice this time. + +I have been thinking of co-investing mainly because my own savings are not enough to buy a property by myself. I think real estate is a good asset class to invest to build wealth long term but don't want to wait forever to start investing. + +Appreciate any advice on co-investing and what to keep in mind. Thanks! +I’m trying to find a large multifamily building, but inventory in the area I’m looking is low because it is a smaller town near 2 cities. +However, there are a lot of properties that might sell if. I’m not sure how to go about buying off-market properties. Should I send out a lot of letters to the owners of any property I’m interested in? Should I make an offer in that letter? How do I find the owner’s contact info? + +An alternative would be reaching out to facebook real estate groups in the area and asking them... + +Any advice? +Hey, guys! + +My husband and I have been messing around with being property owners/ landlords for a few years now. We decided to put our homes up for sale in the past few months and are walking away with decent earnings. Part of me wants to keep this going. + +I googled what it takes to become a real estate agent, which seems pretty doable, but what gives me pause is that you have to be sponsored by a brokerage for a couple years out the gate. + +I don’t really want to be an agent for others, unless it’s a friend/ family and they need one-off help, so I’m wondering if it’s possible to not spend those years under a brokerage. I’d rather just be licensed for myself as a side gig and keep my day job for stability. + +What can I do? +I'm interested in investing in real estate, but don't want to own a bunch of single-family homes that I'm constantly having to fix up and manage. I'd much rather own several duplexes and a few 4-8 unit complexes. + +I've looked on Realtor.com and Zillow in my area (and surrounding cities) and have found exactly ONE duplex for sale (and they're asking WAY too much for it). + +I'm guessing many of these units sell on some kind of business listing website or private party before even getting listed? + +Should I get a real estate agent? + +Is there another website I should be searching? + +Thanks in advance! +We basically got lucky and invested right before pandemic a 3 unit property that we refinanced to buy a second and third in two years so 9 units total because of how crazy the market was. What do I need to acquire a bigger property with 6-10 units? Is it achievable without selling? Or should we get into commercial real estate? +I know this is probably not the right sub for it, but I've been part of the GME saga before the sneeze and I told my mom many times about it. I've made my mom a promise, and GME is a part of it. I don't look for karma. I just wanted to share it to the internet family. + +My family was always very poor. We often lived on one meal per day which was bread and ketchup (cause ketchup was cheaper than butter). Things got so tough, that my father became an aggressive alcoholic and eventually, after years, drank himself to death. At some point, it was just my mom raising me and my brothers. She was working two shifts just to make ends meet and the only break she had was when she was asleep. She never went on any vacation. She never bought herself anything pretty. Every penny she had, she spent on me and my brothers. She was swimming in debts, but she still did everything she could to make us happy. + +When I was in my early teens, my mom took a loan to buy us a computer. We've spent days and nights with my brothers, playing games (of course sometimes fighting who's turn is it) and coding some stuff ourselves. Video games not only became an escape for me from the awful reality, but also a way to learn. It changed my childhood and perspective on things. With time I realized that this is what I want to do - create experiences. + +I've started learning design and some development at early age and it paid off. Considering the place I started, I think I got quite successful. Even though my mom still had debts and lived very poor, she always said she doesn't need much in life, and I should take care of myself or help others. + +There was this time when I saw a homeless man digging in trash. I asked him if he'd like to eat a lunch with me. We went to the nearest restaurant, had a meal and talked about his life and what got him to that point. He cried most of the time. He said everyone are treating him like trash and nobody wants to give him a chance. He said talking to me was the nicest thing that happened to him in years. I realized it was that easy to make someone happy and feel hope again. It felt good to have a positive impact on a stranger's life. + +I've started to do it more often. I also was helping some single mothers who were in a bad financial situation. I will admit I didn't do all I could, but I did something. I wanted to help on a larger scale, for families and people who deserve it around the world. Not by donating to some charity, but doing the work and giving comfort personally. + +Then GME happened. I thought it was a chance to do what I was born to do. Everything I had I've put into GME. Pretty much all my savings and was adding more every month. Yea I know "you shouldn't invest what you can't afford to lose" but honestly I didn't care if I lose. I was poor and I can get poor again, but if I have a chance to change people's lives, I'll grab it with both arms and hold as hard as I can. I told my mom something big will happen and I will be able to do a lot of good soon. + +The GME squeeze was stopped. Few months later my mom was diagnosed with cancer. She fought as hard as she could, but few days ago her health got really bad. She was going through a lot of pain. I can't even imagine how she felt. + +Today, as I was holding her hand for the last time, I promised her, that I will use whatever success I'll be blessed with to help others, wether it's the people closest to me, or the people I'll meet on my life's journey. I know I'll never change the world, but I can try to do as much as I can around me. She passed away few hours later. + +My mom always thought she didn't do anything meaningful in life....mom you gave life to me, and everything I'll do is thanks to you. + +I won't be waiting for GME to squeeze to do some good, but it's what will help me make a true impact. Despite all the crimes that are happening I still truly believe that this is the way. + +Stay strong brothers and sisters! + +EDIT: Thank you everyone for kind words! I've read every single comment and It really feels good to know that so many people for a moment though about my mom. I'm sure she would be very happy. I'll make it all count. +**The Mush Rush** - *A Play on Psychedelics* + +8 days ago, MindMed [Reached Agreement to Acquire HealthMode, a Leading Machine Learning Digital Medicine Company](https://www.prnewswire.com/news-releases/mindmed-reaches-agreement-to-acquire-healthmode-a-leading-machine-learning-digital-medicine-company-301230729.html) + +*Acquisition will help build a full stack digital mental health platform for psychedelic medicines* + +MindMed ($MMEDF) is a biotech psychedelic medicine company focused on the clinical development of LSD, Ibogaine, MDMA, DMT, and psilocybin for: +- anxiety +- depression +- addiction +- ADHD +- and more + +On March 3rd, 2020, MindMed [listed on NEO to Become World’s First Psychedelic Pharmaceutical Company to Go Public](https://www.businesswire.com/news/home/20200303005344/en/MindMed-Lists-on-NEO-to-Become-World%E2%80%99s-First-Psychedelic-Pharmaceutical-Company-to-Go-Public) + +*“Psychedelics have been under-researched and stigmatized by society,”* said Kevin O’Leary(Shark Tank), an early MindMed investor and advisor. *“As an investor, I am attracted to MindMed because they are solving health problems through federally authorized **clinical trials**, and have no interest in recreational use.”* + +MindMed develops medicines derived from psychedelics to address significant unmet medical needs. **It is initially targeting a solution to address the opioid crisis and other forms of addiction.** In addition, the company has established a **psychedelics microdosing division**, which leverages rigorous science and clinical trials performed under government regulatory supervision, to evaluate the efficacy of microdosing. Going public will allow MindMed to continue developing clinical trials and to access additional institutional capital to further build its pipeline of clinical trials for psychedelic-inspired medicines. + +[HealthMode](https://healthmode.com/) + +*MindMed will acquire HealthMode through the issuance of 82,508 multiple voting shares of MindMed (equivalent to 8,250,836 subordinate voting shares which, at yesterday's closing price of CAD $5.13, puts the value of HealthMode at approximately CAD $41,254,180) and the payment of approximately CAD $300,000 in cash.* + +>Dr. Karlin, who will serve as Chief Medical Officer of MindMed, previously **held several leadership roles at Pfizer's Neuroscience Research Unit, ultimately serving as Head of Clinical, Informatics, and Regulatory Strategy for Digital Medicine. He is board certified in Psychiatry, Addiction Medicine, and Clinical Informatics.** Dr. Karlin previously was the co-founder and Chief Medical Officer of Column Health, a network of technology enabled clinics that was an early leader in value-based care for substance use disorders and mental illness.[He recently led the development efforts for NightWare, which received FDA clearance for its smartwatch-based treatment for PTSD-related nightmares.](https://www.fda.gov/news-events/press-announcements/fda-permits-marketing-new-device-designed-reduce-sleep-disturbance-related-nightmares-certain-adults) Dr. Karlin is also an Assistant Professor of Psychiatry at Tufts University School of Medicine. + +**COVID-19 Research** + +*[Audio Data Collection for Identification and Classification of Coughing](https://clinicaltrials.gov/ct2/show/NCT04326309?cond=COVID-19&amp;map_cntry=US&amp;map_state=US%3ANY&amp;draw=3#contacts)* + +The idea behind it is that “coughs aren’t all the same,” says Dr. Daniel Karlin + +- [CoughMode](https://www.coughmode.com/) +>Help Research into COVID-19 Donate Your Cough to Science + +Users who install the app — whose website urges users to “Donate your cough to science!” — can start it when they begin to cough and upload the sound to HealthMode, which will analyze it for characteristics such as volume, duration and frequency. Their health will then be monitored with weekly questionnaires. + +>HealthMode’s apps, which were developed before the coronavirus outbreak, are typically used by pharmaceutical companies and laboratories conducting clinical trials or public health surveys. The company has a companion app to CoughMode that looks for symptoms of coronavirus in the gastrointestinal tract, which accounts for an unknown fraction of infections and may be present with or without respiratory symptoms. It works by uploading pictures of the user’s stool. + +On November 25th, 2020, they announced [$25 Million Bought Deal Public Offering](https://www.newswire.ca/news-releases/mindmed-announces-25-million-bought-deal-public-offering-851411474.html) + +>The net proceeds of the Offering will be used for investment in the digital medicine division, additional microdosing R&amp;D as well as general working capital. + +**Microdosing** + +MindMed is collaborating with [Maastricht University](https://www.maastrichtuniversity.nl/) in the Netherlands to undertake a Phase 2a clinical trial for microdosing LSD for adult ADHD. The proof-of-concept study is planned to take place at two trial sites, including Maastricht University. The principal investigator of the study is Kim Kuypers, one of the world’s top psychedelics microdosing clinical researchers. + +They’re creating a new paradigm for mental health care that incorporates both psychedelic-assisted therapy and non-hallucinogenic take-home medicines to help patients overcome and break through. + +*LSD/MDMA Combo* +- With this innovative treatment paradigm, they are looking to bring the participants outside the bounds of their everyday perceptions, facilitating new states of consciousness and flexibility. Combining MDMA and LSD may enhance the positive effects of LSD by inducing a positive psychological state with MDMA which is an empathogen to help counteract some known negative or less positive aspects of LSD + +**Legalization of Psychedelics** + +- COLORADO + +In 2019, Denver [decriminalized](https://footprintstorecovery.com/addiction-treatment-locations/denver-colorado/denver-psilocybin/) magic mushrooms. +>The initiative also establishes a review panel to analyze the public safety, administrative, fiscal and health impacts of the decriminalization of mushrooms + +- OREGON + +In November 2020, following elections, [becomes first state to legalize magic mushrooms as more states ease drug laws in 'psychedelic renaissance'](https://www.cnbc.com/amp/2020/11/04/oregon-becomes-first-state-to-legalize-magic-mushrooms-as-more-states-ease-drug-laws.html) +>first state to legalize the active ingredient in so-called magic mushrooms on an election night that saw more states ease restrictions on drugs across the country. + +- WASHINGTON + +Also, in Novmber, a two-track effort to [Allow Psychedelic Mushrooms In Washington State](https://www.washingtonpost.com/local/dc-politics/dc-magic-mushrooms-result/2020/11/03/bb929e86-1abc-11eb-bb35-2dcfdab0a345_story.html?outputType=amp) launches amid broader Drug Decrim push. +>One seeks to utilize existing administrative mechanisms to expand access to psilocybin mushrooms for therapeutic use by patients in end-of-life care. The other, a proposed ballot initiative on track for 2022, would put Washington on par with Oregon, decriminalizing small-scale possession of all drugs and legalizing mushrooms for broader therapeutic use. + +- HAWAII + +In late January, Hawaii announces push to legalize [Psychedelic Mushroom Therapy](https://www.marijuanamoment.net/hawaii-could-legalize-psychedelic-mushroom-therapy-under-new-senate-bill/) under new Senat Bill. +>The measure, if approved, would direct the state Department of Health to “establish designated treatment centers for the therapeutic administration of psilocybin and psilocyn,” two psychoactive substances produced by certain fungi; It would also remove the two compounds from the state’s list of Schedule I controlled substances and create a seven-person psilocybin review panel to assess the impacts of the policy change. + +- FLORIDA + +A few weeks ago, a Florida lawmaker aims to [Legalize Psychedelic Mushrooms by 2022](https://www.miaminewtimes.com/news/florida-bill-aims-to-legalize-medical-psychedelic-mushrooms-11835699) +>Modeled after a recent voter-approved initiative in Oregon, the proposal from State Rep. Michael Grieco, a Democrat who represents Miami Beach in the state Legislature, represents the first serious push for legal access to psilocybin on the East Coast. + +**Conclusion** + +The stigma around psychedelics/mushrooms continue to change dramatically. Imo, Mindmed is first in line to benefit as legislation continues to changes in this regard. + +The yearly chart presents a potential C&amp;H w/ strong support forming ~3.30usd. (&gt;70% oversold on the monthly) *RSI curling* ..Imo, anything under 3.5usd is a **STRONG** buy. + +Initial PT —&gt; ~4.20usd + +Stay safe &amp; GLTA! + +*I am not a Financial Advisor, so please do your own DD* +I can safely say even in these unprecedented and "financially scary" times, IM NOT FUCKING SELLING MY ETHEREUM ANYTIME SOON. + +I dont give a fuck what buttcoin say, im not even bothering to read FUD articles, i dont care what my parents and family tell me what i should do with my money, i believe in ethereum, i believe in crypto. If it takes another 2 years for crypto to recover, then so be it. If crypto goes to 0, i learn my lesson and move on. +I support all the sanctions against the Russian government. I support all the sanctions against Putin and his billionaire friends. But banning Russian people from trading crypto doesn't make sense. There are millions of Russian people who against this war and hate Putin. They are already protesting in the streets against Ukrainian invasion. And these people don't deserve their crypto accounts to be frozen. + +I know they are ''Centralized'' exchanges and they can do whatever they want. But this is not Satoshi created crypto for. Crypto supposed to bring equality/freedm to all people. + +Crypto should be neutral no matter what. This is the whole point of crypto. +Hi guys, I'm going to be taking a break from trading most likely permanently. I've made a lot of good and bad trades this year, and I'm now happy with where I am. I did very poorly on my last trade shorting XMR, lost 40 btc. However this only cancels out the my last ETH short from 1110, so I'm breaking even for this month. + + +I'm ending on this neutrality. Overall I do believe trading is a form of gambling and I got very lucky. I am so fortunate. + +I wish all of you the best for next year, thank you all for your support and criticism. Apologies for being a complete asshole sometimes too, especially to /u/insomniasexx, please forgive me if you can, I don't want to leave crypto knowing I didnt come out clean. + +I've cashed out 85% of my whole crypto portfolio (which was basically my net worth) into fiat. + + +I would like to end this by saying the next year will be very kind to everyone in the crypto world. Many large organisations and institutions, even the public to a superficial degree, are now looking over the gates and peeking at this new crypto thing. + + +They are looking at with eyes of curiosity, instead of aversion. +Most of us here know the potential of cryptocurrency, we are so fortunate to have found it. I found it by luck on a poster at work (thanks to the geek from presumably IT who did this). I was contemplating suicide at the time on a daily basis, and although things might be a little better, depression is something that I have found cannot be fixed by excessive amounts of money. +I would like to say to everyone who is where I was, broke and full of shame: start working on yourself RIGHT NOW!!! Nothing can save you apart from yourself, and although that is scary, it means you have all the capabilities to become happy inside you, if you would just walk the path of life, even if you seem lost like now, like I do. Everyday is a struggle, I cry everyday and hide this from family because I love them, but I know I have the strength to change my situation, you have that power too. +As long as you keep moving and accept your situation as only temporary, you can get out and know you will experience long term happiness again. +I may be going off tangent, but I feel a lot of people may be feeling the way I do too, looking to crypto to escape. + +As someone who obsessively checks ethtrader 20 times a day, this next step in life is going to be tough...I've grown attached and need to remove this attachment and find genuinely satisfying relationships in real life, instead of staring at charts and reddit all day. This is no life for anyone, and if you are doing this, know from my example that it will not satisfy you. Staying at home all day will do nothing. + + +As someone who had very few friends growing up due to things out my control (and a tumour), the next stage in my life is going to be very scary, and I need to find courage, I do not have a support network, I have no friends, so I will be my own best friend, I will learn to love myself, and that means pushing myself to do things which are for my long term health and happiness, even if for the short term it feels likes scary to do. + + +There is a quote in the Bhagavad Gita which goes something like this - 'What at first tastes like Nectar is taken by the body as poison, what at first tastes like Poison is a sweet nectar for the body.' That sums up the past 8-12 months of my life, looking for short term happiness in things which are temporary, like comfort food for example. + + +For anyone who has lost a lot of their net worth playing crypto, it's not the end of the world, even though it may seem like it. A few thousand today invested wisely could turn into millions, this is a real possibility and don't let anyone else tell you otherwise. Don't place all your happiness in money either. In June before the DAO I temporarily accrued over a million dollars in gains, and I was unhappy, but didn't know it because I was so absorbed in crypto and making money. + + +When I stopped one afternoon, I felt like I wanted to cry and breakdown, but I didn't really pay attention to it, until I went o the bathroom and started at myself in the mirror.. Then I let the emotion out to see if it would reflect in my face, I have never seen myself sad and crying before. At first I just looked sad, and when I looked at myself deeper a great sense of grief took over me. I started welling up with tears and soon I was crying harder than I had in my whole life. I felt empty, had no one and felt alone on my own island. I hugged myself while crying telling myself it will be OK, I will be my own best friend. I am still struggling and don't know how much strength I have left, but as long as I do the right thing for myself, I pray this era of my life shall pass. Nothing is permanent, although it may seem so. + + +So, it's time to go and focus on me. + + +On a more lighter note... + + +I sincerely believe Blockchain and crypto have not seen anything yet. When the real world sees the double edged power of blockchain, the boom will begin, with a few busts too. But trading crypto isn't wise...there is a reason faces change often in trading and trading forums. +I will still be here, hopefully just checking ethtrader and ethereum once a day, lots of exciting stuff happening! + + + +Ladies and gentlemen, good day. 🙏 +As everyone knows, the Ethereum blockchain, one of the world’s foremost decentralized open-source networks suffers from serious scalability issues and a perfect solution to its scalability issues would be the Ethereum Merge. + + +What is your opinion, do you really think it's gonna solve many problems Ethereum is dealing with? + + +It's no wonder that according to analysts, the Ethereum Merge is looking like the next big thing in the entire crypto space. The Ethereum Merge will also see a strategic move from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) blockchain. + + +What I don't understand quite much, is gas fees, gas fees on Ethereum are usually ridiculously high and the entire network is generally slow. To close this gap, Ethereum reveals plans to launch its ETH 2.0 update. So, does that mean that it may solve problems with high gas fees? + + +Does that mean that we wouldn't need to use Metis or any L2 solution? I believe you would all agree that sometimes it's quite impossible to work with Ethereum without L2 solutions. + + +As I know gas fees have no relationship with the consensus mechanism in use. They are, however, mostly a function of block space demand. To enjoy reduced gas fees, it is advisable to make use of Layer-2 chains. Right? + + +What it's cool for example is that the staking yield on Ethereum will increase by about 50%. The current staking yield stands at about 4.2%, this will increase to over 6% after Ethereum Merge. + + +What are you looking forward most to when it comes to Ethereum Merge? +This is likely to be the most bullish catalyst in the first quarter of 2021!!! 🚀🚀🚀 + +Price of ETH seem to surge up $100 to $1540 immediately after the community call. + +(2021-2022 has multiple catalysts for Ethereum. It could be the 2 most important years ever.) + +Source: https://www.trustnodes.com/2021/02/26/55-of-miners-accept-eip-1559-says-miner + +Highlights: +- Miners generally seem to be accepting EIP-1559 a community call has revealed today where devs and miners discussed the matter. + +- Wang Chun of F2Pool re-iterated his support and in addition he said supporting ETC in 2016 was a mistake. They now full on ethereum backers. + +- Just one miner was against with no good argument for why except that hash might fall, to which another participant said miner’s reward in fiat has previously fallen by 90% and it didn’t affect security + +- As such, and considering it has full consensus among devs and ethereans, it appears highly likely this EIP will go through. +Some want it to fail. Some want it delayed again. Some want it to happen and show the world how crappy, insecure and centralized POS is. I guess if there was anything else happening in the bitcoin network besides a TX per hour or 2 or 5 then they'd probably be focused on something else. + +The bottom line is as we approach OUR long awaited merge don't let anyone of these jealous podcaster, you tubers, redditors and twitter punks deter you from your goals and beliefs. You came here for a reason. I suggest you stick to it. We are merging whether they like it or not. + +EDIT: Want to thx every1 who tipped this post with yummy donuts. Sadly they have not been received. MM, HS, DF show 0 balance. GC shows tx confirmed but shows I have no donuts. Is this something new? Anyway. We merge in a few weeks. ETH ON! +Don't get me wrong, I'm still going to be buying BTC. The fundamentals haven't changed and the entire market will continue to follow BTC I feel like. (Unless ETH eventually flips it?? wild??) With that being said, I'm going to be buying a lot more Ethereum because of just how much potential this network and it's ecosystem has. + +I don't believe anyone truly involved in the Ethereum ecosystem is concerned about price fluctuations. Development is moving faster than ever, confidence in the network and L2s such as Polygon is higher than ever, and the noise surrounding "eth killers" has subsided significantly. ETH is doing nothing but moving forward. And, as a latecomer to the game, I'll take any discount I can get. + +Ethereum has the biggest ecosystem by a landslide. The merge is right around the corner. Sharding is going to be making scaling easier than ever. L2s are all moving to ZKPs which is pretty much the future of the blockchain. Networks like Polygon have been putting in 1B$ towards ZK research. ZKsync and Loopring are putting in amazing amounts of work as well, all of these big players are working towards the common goal of making Ethereum better. + +How could you not believe in Ethereum at this point? How can you be anything but bullish? I pity people who aren't familiar with market cycles and are FUDing Ethereum. You have a lot to learn poor souls. +Hey guys + +The dev-team made 2 announcements yesterday. They updated the roadmap and made a new blog entry. Share your thoughts! + +Roadmap: https://www.bitboost.net/images/Roadmap_Light.png + +Blog: https://us16.campaign-archive.com/?u=901777890856c2c7e6a24ce6f&id=d57450dcb9 + +Sidenote: The market cap on CMC is wrong. This project has a cap of 40 million, not 13. But has also linear more amount of token. So the price/coin is legit. The CEO already contaced CMC but they still haven't updated the wrong number. Imo this is even better the higher cap shows that people trust this project + + +So, I just graduated college, make about $62k/yr I am currently matching 6% 401k, and saving $300 (weekly) for investments. I have been reading and reading about investing, and a lot of people have a lot of opinions on "how to research a stock." That being said, everyone is entitled to their own opinion, but, How do you actually research a stock? How do you research a company's financials? What are some common "good habits" to follow? What are important research steps to follow that I am currently not following? Basically, all I am doing is "gut-feeling" investing. Currently am invested in FUSEX, BRK.B, CMG, and IYE (bought in after gas tanked around beginning of December, in hopes of a recovering gas market). +Planning my post-FIRE life already, despite having at least a few more years remaining, I would like to hear your thoughts and experiences on decompression from worklife stress, after reaching FIRE. + +By decompression I mean the entire transformation process from stressed-out wage slave into emotionally end physically healthy human being, after the financial burden has been finally lifted off the shoulders. + +* How does the decompression process feel like? What kind of phases there are? +* How many months/years does decompression typically take altogether? + +Any tips and tricks for successful decompression are also welcome. +Hey all, + +So from time to time I have seen these discussions pop up on the limits of selling through Computershare, and there have been waves of FUD regarding using their systems for selling. I want to clear up some misinformation so that we don’t keep spreading incorrect info. In order to do that, we have to understand what limit sells are, for those who are new to investing. + +##Limit Sells + +When you enter an order via a limit sell, you are setting a floor for the price you will accept (over) and the price you won’t (under the limit). A limit sell with a limit of $100 will fill above $100, and it will not fill if the price drops below. In reverse, a limit buy has a cap of what you are not willing to pay more than. With limit sells, there is no cap. The “limit” is a floor for what you will not accept less than per share. + +##NBBO + +Per law, brokers are required to fill your order at or near the NBBO; the national best bid and offer. When the price of a stock reaches higher than the limit of a limit sell, it **acts as a market order** and it will fill at or near the NBBO. At the current price of $102, if you entered a limit sell of $100, it would fill around $102, and it would not fill below $100. Similarly, if you set a limit sell at $100 and the price increases dramatically to $127, your order will fill near $127. If it drops below $100 before your order is filled, it will not fill. + +##Computershare Limits + +Through Computershare, their systems have a max you can enter for limit orders, at ~$214k. This is the max you can enter for your lower limit, your floor. This limit is not a cap, but rather the maximum amount you won’t accept less than. Above $214k, your limit sell **acts as a market order and gets the NBBO**. If the stock is trading at $10M and you enter a limit sell at the max of $214k, it will fill at or near $10M. Below $214k it will not fill. CS has confirmed that they have no caps on what orders actually fill at on the market, and if you sell a share for $10M (via market order or limit sell) you will get $10M from CS. Understanding what a limit sell is, we can understand that **limit sells do not have caps** anywhere on the stock market and not even CS has control of what your order fills at. The only cap they have is what their systems will allow you to set for lower limits. + +##The Estimated Sales Proceeds Limit + +Computershare has a maximum order amount you can enter via their online system. This limit, the Estimated Sales Proceeds Limit, is a cap on the amount of shares you can enter for an order, based on the cumulative amounts of your limit sells. + +We will use the example of their *previous* limit to show how this works. Their previous limit was $1M per order. This means that using the max you can enter for their limit sells at $214k, the “estimated total” can not exceed $1M. You would be able to enter 4 x $214k limit sells before reaching this order cap of $1M. Again, this cap is **not a limit on what the order will actually fill at on the market.** It is a limitation of their system for grouping orders by amount. + +CS has raised their estimated sales proceeds limit to just under $10M ($9,999,999.99). This means that, using limit sells at $214k, you can group 46 sells into a single order. Once this order hits the market, your shares will fill at the NBBO if the price is above $214k, and will not fill below this limit. Again, CS **cannot** limit what your shares sell for, only what can be entered into their system. CS have confirmed that you can now also make multiple orders via their online system, whereas before it was limited to 1 order at a time until filled. + +##Selling via CS + +With this all in mind, you will want to enter your limit sells via Computershare *when you want to take profits.* If the price is anywhere above $214k when you enter your limit sell, it will enter the queue to be filled the soonest it can. This means that you will have to pay attention to the price when you want to sell and only enter the order at the price you want to take profits at. Other brokers that allow higher limits allow you to be more hands off as the price approaches your huge limits, but due to the low floor of selling via CS you will need to be on top of your price targets when you want to sell. + +##Gaming the NBBO and market orders + +There is discussion around market orders and the NBBO, where some say that using market orders can screw you over if hedgies use some fuckery to drop the price for a split second. I admit that I am not wrinkle-brained enough to dispel this fud, but I do have my own opinion towards this. + +Hedgies are desperately trying to keep the price below a certain price point, the point at which marge calls. Above this, if they fail their margin calls, their short positions will be closed out and the computers at the DTCC and prime brokers will go BRRRRRR in a force buyback of the shares. Let’s be real, when the price is at $214k, absolutely nobody will survive their margin calls up until this number. If they can’t handle ~$400 in the Jan sneeze, there’s no way they will survive until $214k. By this point, SHFs will already be in a process of liquidation beyond their control. The only buying that will take place at these huge price points will be the automated computers buying up all the shares they can to close out hedgies short positions. The SHFs manipulating the price *now* will not have that ability past $214k due to margin calls and forced buying. I’m not saying it’s not possible the price could drop from fuckery during MOASS to mess with your market order or CS limit sell, I’m saying it is unlikely it will be the hedgies that are *currently* manipulating the price. In the millions and hundreds of thousands, it will also be too expensive to borrow and short. + +Another note: if the price is at $10M and you enter a limit sell or market sell order, can a super low bid go thought and screw you over? +I don’t think so. Go ahead and test yourself today. Put in a limit buy at $50 and see if it fills. It won’t. Since $50 is not near the NBBO of $100, it will not fill. During MOASS, when the computers at the DTCC are buying up everything they can using market orders, a low ball offer will not make it though the torrent of automated buying to affect the NBBO. **This is not financial advice, just speculation. Sell at your own discretion.** + +##Conclusion + +As we can see, limit sells are not capped. Computershare’s limit of $214k is a FLOOR, the highest floor you can enter in their systems. Limit sells will fill near the current price, above $214k. Similarly, the estimated sales proceeds limit of $10M is an order cap *for their systems*, and not a cap on what your order will fill at on the market. **There are no caps** on the stock market using limit sells. You should also only sell at the price point when you are ready to take profits, since limit sells will fill asap above $214k. + +EDIT: if you want a more in-depth look into limits, be sure to check out [this post](https://www.reddit.com/r/Superstonk/comments/sr5a5h/navigating_moass_a_beginners_guide_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) by u/hmhemes + +Buy, hodl, DRS, limit sell. 🚀 +This is my understanding of the situation. Please correct me if I'm wrong, but the math seems pretty clear. I know I'm not the first to state this, but I feel like this issue has largely been hand waved away with the store of value narrative, and with El Salvador attempting to use it as a currency it may be a rude awakening to the major flaws with the network. + +The Bitcoin network can support about 7 transactions per second. + +7tps x 60s x 60min x 24hrs = 604,800 transactions per day. The population of El Salvador is about 7,000,000. This means that if the entire population is using bitcoin there is only enough bandwidth to support 2 transactions per person per month. This assumes only a tiny country like El Salvador is using bitcoin. This is not feasible whatsoever for just El Salvador, let alone the world. + +The Lightning Network does not solve this problem, as it still requires main chain transactions for every user, it's just less of them. Onramp, offramp, and channel liquidity adjustments are all going to be required on a semi regular basis. + +The only solution to this is majority adoption of custodial solutions, which is the antithesis of bitcoin. This will lead to the exact same problems our current financial system has, minus inflation risk. + +I personally hand waved these issues away, as I always told myself that bitcoin didn't need to function as a currency, it's a store of value. But even a store of value requires a minimum bandwidth to function as a global reserve, and now with a country adopting it as a currency we are going to potentially be slapped in the face with the bandwidth issue. + +I also assumed that despite the opinions of Bitcoin Maximalists, the network would need to upgrade to support magnitudes higher TPS. However, I assumed that adoption would be slow enough to have a long form debate to convince people that this is necessary. Is it already a necessity to upgrade to support the sudden adoption as a currency by a country? Will the community be able to debate this issue, come to the conclusion we need to upgrade, and perform the upgrades in time to support adoption by El Salvador? + +If none of this happens I fear one of two outcomes. + +One, El Salvador adopts mainly custodial solutions, which will probably be abused and may actually harm the citizens rather than help them (surveillance, fees, confiscation, censorship, fractional reserves, transparancy issues). + +Two, the country attempts self custody options, quickly overloads the network to volumes where fees and transaction times are completely unacceptable, proving the network cannot support this level of activity, and causing massive FUD and massive damage to El Salvador if they have had substantial adoption. + +Can anyone provide a strong argument for why we shouldn't be concerned about bitcoins extremely limited bandwidth on the eve of real adoption? + +Edit: Most of you are far too emotional. This type of post should not trigger you to the extent it has. And if you were confident in how bitcoin and lightning function you wouldn't need to devolve to insults, FUD posts, and generally very misleading BS. I'm no expert on LN, but from the looks of things almost everyone in this comment section is similarly retarded but claims they are an expert. + +From reading all of the comments, there are two ideas that assuage my fears, and I am fairly confident that we do not need to be overly concerned about the issues I raised. + +1) One of the core premises of my argument is it assumes that El Salvador will experience rapid adoption of self custodied LN wallets. However, this is probably false because adoption rates will realistically be very slow, and not the sudden increase in users I propose above, but also that most people will probably be using custodial solutions just like the majority of current users are. The vast majority of people who own crypto do not manage their own keys and open their own wallet, so a lot of the traffic will not happen on chain or on LN, but on centralized ledgers. + +2) Another user posted a research paper that proposes an upgrade to LN that allows onboarding multiple users at once to LN through Channel Factories. Instead of a single L1 transaction being used to onboard a single user to LN, potentially 2000 users could be onboarded to LN with a single L1 transaction with Channel Factories. + +https://eprint.iacr.org/2018/918.pdf + +It does not appear that this method of batching transactions onto LN has been implemented yet, but it sounds like it will be when the network gets congested enough that it is necessary. + +By the way, this same paper came to the exact same conclusion that I did, that the main chain even with LN in its current state cannot handle anywhere close to the population of the whole world, which is the reason that Channel Factories will most likely be necessary in the future. To all those people in the comments informing me I'm a moron, you may want to check your expertise. + +"Recently the idea of payment channels has been further improved by the use of intermediate nodes that can also route payments, creating a network of payment channels, such as Lightning Network [14]. However, as pointed out by Poon et al. [14], the Lightning Network does not scale well enough. Even under the very generous assumption that each user only publishes 3 transactions per year (to open and/or close channels), the network scales to only 35 million users, far from covering the world’s population. For this reason, Burchert et al. [5] propose Channel Factories. Channel factories allow for various users to simultaneously open independent channels in one single transaction, reducing drastically the number of blockchain hits required." +Hello. I am 17 yrs old (18 next month) and my mom wants me out of the house. I have a full time job (with the option to work extensive overtime if needed) making only 11.30 an hour (with a raise coming in about a week or two), I have a car and only a little over a thousand in my savings. im looking at a decently nice apartment complex that is 749 a month for one bedroom. the good thing about it is that it is right next to my job, so even if something happened to my car, it would only take me a few minutes to walk to work. now as of right now my girlfriends parents are offering me a room in their house for 200 a month because they know of the troubles i am having in my family life. my only issue with this is that i would not feel comfortable taking up their space and being a bother to them, therefore i would not want to be there for more than say 3 months. does anyone have any tips or pointers for me??? going home is not really an option, so id appreciate concerns more toward helpiiing me budget or any tips on saving money or anything at all. i would really appreciate anything :) +I realize none of you actually care about making money, but on the off chance I can help one person then this post will be worth it. I have a list of rules I follow when I take positions, and I think you might find some value if you have a similar list. + +1. **Always trade to the long side - do not short.** There is an underlying elevating factor to the stock market - "stocks only go up." Although this is a meme, it's actually true. This means all bearish positions are fighting gravity by default. Go long, or go home. +2. **Pick a basket of individual stocks - at least 4 or 5.** If you have an 80% winning strategy, that means your basket will mostly win. If you have an 80% winning strategy and pick a loser, you're fucked. You work hard for your money, so don't fucking insult yourself by losing it you degenerate. Respect yourself and your money and stop giving it to theta goons. +3. **Only go long in an individual stock once you have a list of conditions**. Here are some of my conditions, and they usually work when I swing trade, as an example: + 1. The stock is currently trading above the 180 day SMA. + 2. The stock has a golden cross on the MACD. + 3. The stock has a candle close above the 9 day SMA. + 4. The day you enter in the position cannot be a new high. + 5. Never hold through earnings. + +These are all elevating factors. **To illustrate this point**, look at RAD over the past few weeks: + +**10/9/20**, you had most of these confirmation points. The trade went flat and you likely would have sold the very next day at a minor loss. I look stupid, right? + +But, look at **11/3/20** \- All of the elements listed above (**Except for #1**) are met, and the stock rallies hard. You could take this trade, but I like to have all my indicators met before I move. + +Then, on **12/2/20** RAD crosses the 180 day SMA (so all elements are met), and rallies again. This is where someone like me comes in. + +**Look at GME:** Yesterday it held above the 180 day SMA, it closed above the 9 day SMA, it had a golden cross, and it doesn't release earnings until March, so you can hold it for a while. You could have seen confirmation yesterday, bought in, and sold out today with a 5% gain. + +**I'm not telling you to copy what I do. I'm just trying to give you a basic, understandable, introduction to some simple technical indicators so you don't get burned.** Or at least, you get burned less frequently. + +**Also, final point: #4**. **Have a plan and stick to it.** Do you know why you have paper hands? Because you do not have a plan. There are lots of strategies online. There are people who only trade 3 bar plays. There are people who trade breakouts. There are people who trade on RSI. I don't care which one you use - just pick one and start making money. The sooner you have a plan, the sooner you will be able to get diamond hands because you'll know when you should enter and exit your positions. + +**Honorable mention:** + +[Tradingview.com](https://Tradingview.com). Check it out - it's charting software in the browser. **It's powerful and it's free.** I had no idea this was a thing until a few months ago. Changed my life and made screening so so so much easier. + +That's it. I hope this helped at least one of you guys not throw your Christmas money into the pockets of someone else. Merry Christmas. +If you have no money for food, and for some reason can't connect to food banks or food charities, corn meal is very cheap and easily made into maize porridge (slap pap). This is a staple in many poor countries because it is cheap, filling, and relatively nourishing. + +A local big retailer near me sells a 5 lb bag for $2.28. It was an amazing feeling when I was able to scrounge for loose change in my couch and come up with enough to feed myself for the whole week-- it costs only 33 cents a day to eat. + +I've found that 2 cups (dry) of yellow cornmeal is enough to get me through the day-- it makes approximately four large bowls of porridge. Even a single bowl is quite filling. + +I'd like to stress that this probably isn't the best long-term solution for cheap food, because having a varied diet is good, and even four large bowls of maize porridge will leave you with a calorie deficit every day. However, it's certainly more nourishing than ramen or hotdog water, so if you don't mind eating nothing but porridge four times a day, it can be a good source of "emergency rations." + +[This is the recipe I use.](http://www.rainbowcooking.co.nz/recipes/maize-meal-porridge) + + +Everyone is on their own FIRE journey and my wife and I are 33/27 and are about 17-20 years out depending how greatly kids affect us and pending no catastrophes. We live a comfortable life: eat out a few times a week, have newer iPhones, but we always cut, borrow, and steal in many other ways: house hacked 2x's, shop at Walmart and Aldi, buy cheaper clothes rarely, 11 year old car. + +&#x200B; + +Anyway, last year some of our friends who make about the same as us (combined \~$100k) bought a brand new Audi SUV. Yay, good for them. They are in some debt, own 1 home that's nicer than the home we live in, and have expensive tastes across the board - jewelry, accessories, clothing, etc.. + +&#x200B; + +Flash forward to this year, I've had the desire to buy an older Corvette. $8k-$10k. Could easily pay cash and it'd only bump insurance a few bucks a month, because it wouldn't be driven often. Well, this year for Christmas our friends got a brand new BMW! They joked about "we maxed out the allowed amount between the Audi, house, and now this, but we can afford it." + +&#x200B; + +I went through a series of emotions in my head the last 24 hours. Part of me said, "screw it, I'm going to buy the 'vette tomorrow..." Then part of me got angry at how wasteful can be.... I've toned down today... I realized our goals aren't the same. That when they are in their 60s they'll be working and trying to figure out "how do we retire" and in our 60s we'll be just fine retired and doing almost anything we want. + +&#x200B; + +Thanks for reading, I don't have anyone in my network who is actively trying to FIRE, so, when I need to vent, Reddit is all I got. +It occurs to me that I have no basis for comparison. I’ve used the same CPA for the last 6 tax years and chose his firm because a bunch of other people in similar situations chose him. + +He’s pretty expensive: probably ~12k annually including some split filing work and estimated payments. I’m mostly okay with this, if his advice and optimizations move the effective tax rate enough. That said, someone else could be better and/or less expensive (some friends use CPAs that provide similar services for around 2k annually). + +I’m considering engaging one of the 2k/year firms to also do my taxes/estimated payments so I can compare advice and optimizations. Has anyone tried this? Any pitfalls? Ideally I can just be transparent about this to each firm and they’ll know the other one is double checking their work. +I couldn't find anything that did this exactly, and I really like seeing all the numbers laid out. Hopefully someone finds it useful: + +https://docs.google.com/spreadsheets/d/1sUaJEr5ZLaNhhZwS9Fsdtyf-U10UOIDPsv5JZYPIRzE/edit?usp=sharing + +So in the example, you're starting with 250k and want to FIRE in 20 years with $2.5m. The chart shows you how much you'd have to save to hit CoastFIRE at any given year. For example, to hit CoastFIRE in just 1 year, you'd have to scrounge together $529,511.82, and then you're free to let that sit and not put in another dime for the next 19 years. + +It's fairly self explanatory other than maybe the "Automatic Yearly Savings": these are savings that are automatically deducted from the paycheck (e.g. 401ks inc. company match, HSAs, etc). Personally I like seeing the "active" target savings number once these are removed, especially since I don't typically think of 401k/HSA/etc on a monthly level, but YMMV. + +The yearly savings target includes compounding interest calculations. The monthly savings target is just the yearly target divided by 12. + +Let me know if there are any corrections and suggestions! + +EDIT: /u/USROASTOFFICE has another resource with a similar angle to check out: https://www.reddit.com/r/financialindependence/comments/9it9ke +It's been a year so it’s time for an update post as FIRE continues to get closer. I’ve met my initial goal net worth goal (originally $2m, currently at $2.47m). Now we just need to wait 3 more years until we’re retirement eligible from the military. + +You can read previous annual updates here by clicking this [link and then continuing to follow the previous links.](https://www.reddit.com/r/financialindependence/comments/hu77r8/military_couple_4_years_from_fire_goal_update/) I’ve been working towards FIRE for about 15 years and have been making progress updates on reddit for 5 years. + +For this year update, I shifted towards a focus on retirement projections instead of just saving. This really put a focus on trying to figure out what we want in retirement to answer the question as to whether all this planning will work out. The goal we’ve had is simple: maintain the same quality of life we’ve been enjoying, without having to go to work. The methodology I used was to look at our 2020 spending (slightly off due to COVID-19), then, consider whether each of our current expenses would remain in retirement, and if so, whether it would go up or down. I wanted to be conservative with my estimates, so we estimated on the high side if there was any doubt. + +**Current Ages:** + +* Me: 40yrs +* Wife: 38yrs +* Kid 1: 8yrs +* Kid 2: 5yrs + +**Income:** + +* Me: $143k +* Wife: $138k +* Rental Income: $30k (net) No major changes to our 2 rental houses. Most of this income goes directly back to principal payments on the mortgage. After management fees they only cashflow a couple hundred bucks each month. +* Dividends: $5.6k + +**Savings:** We max out our tax advantaged savings accounts (TSP and Roth IRAs). We’re still eligible for Roth IRAs due to $58k our income being non-taxable housing/subsistence allowances and by maxing our traditional ($39k) TSP contributions and taking the standard deduction. We’re adding approx $128k/yr to various savings/retirement accounts. Pretty much all saving stops after we FIRE. + +**Current balances:** + +* TSPs (gov’t 401k): $1.078m +* Roth IRAs: $365k +* Taxable brokerage account: $383k +* Emergency fund/Cash on hand: $40k +* Coverdell Education Savings Accounts: $56k + +**Life insurance:** No changes. + +**Expenses:** [Annual 2020 Expense breakdown.](https://i.imgur.com/kuNNROq.jpg) + +* Fixed expenses: $8,341.61/mo (This is lower than last year since I excluded mortgage expenses for our rental properties). +* Fixed savings: $10,661.60/mo + +[**Historical Actual Net Worth and Debt:**](https://i.imgur.com/els7ozw.jpg) + +**Current Net Worth: $2.47m** + +* 2012: +$130k +* 2013: +$194k +* 2014: +$110k +* 2015: +$39k +* 2016: +$177k +* 2017: +$247k +* 2018: +$102k +* 2019: +$367k +* 2020: +$418k +* 2021: +$284k (year to date) + +**Current Total Debt: $397k** + +* Rental House 1: 31k @ 3.25% +* Rental House 2: 355k @ 3% +* Car 1: 14k @ 2.75% +* Car 2: 27k @ 1.9% (A storm damaged our second car so we decided to pick up a new one as a replacement). Car 1 purchase price was \~$60k, Car 2 purchase price was \~$50k + +**Retirement plan:** + +Military pensions are equal to 2.5% \* yrs of service \* high 3 base pay avg. So, 20 years = 50% of your base pay. Based on our expected rank at retirement, this would be $56.8k each. That is in today’s money and since this is tied to inflation it’d be slightly higher and would continue to grow each year in retirement since increases are based on the employment cost index and then in retirement it's tied to the CPI. + +**Assumptions:** + +* 3.25% safe withdrawal rate. We’d draw primarily from our taxable account first, then Roth IRA principle, and also set up a 72(t) distribution from our TSP funds which would allow us to pull in $30-35k/yr based on the current federal mid-term rate prior to age 59.5 +* My Military Retirement: $56,810.04 +* Spouse Military Retirement: $56,810.04 +* Retirement/Taxable Account Distributions: $69,958.24 + +Retirement income (pre-tax): $183,578.32/yr. I estimate we’d pay $31k in taxes (most places we’re looking at don’t tax military retirement income). + +**Retirement income (post-tax): $152,370.01/yr** + +We plan to sell both rental houses prior to retirement and net $534k in equity after fees/commissions. I’m using valuations from last year, not the inflated COVID-19 prices which may or may not last. The idea here was that we kept these houses a hedge against a housing bubble.. which seems to be working perfectly. + +**Retirement house purchase scenario:** + +* Price: $700k +* Equity rolled over from rental houses: $535K +* Cash out: $150k +* Mortgage: $315k @ 3%, 30 yr (no hurry to pay this off if the rates are going to be super low) +* Payment w/taxes and insurance: $2,553.50 + +The biggest unknown we have is still not knowing where we want to buy a house and live. We’ve narrowed it down to a handful of states and have a house budget target of $400-700k. I overhauled my excel spreadsheet to easily make retirement projection calculations, so I can plug in house purchase prices, interest rates, taxes, insurance, etc., how much cash out I want. I also added projections based on my months to retirement for future contributions to our financial accounts. + +I've also considered using the VA loan benefit and not put anything down if rates stay super low and just invest all that rental house equity. One important consideration is getting the loan figured out prior to retirement. It seems mortgage lenders aren’t as interested in lending money if you aren’t working. My spouse will be working one year more than me and we should qualify on just that income. Worst case scenario we just buy a house outright and don’t get a mortgage. + +**Current Expenses (that carry over into retirement):** + +|Categories|Sum of Annual Cost|Sum of Monthly Cost| +|:-|:-|:-| +|ATM/Cash Withdrawals|$2,411.20|$200.93| +|Automotive|$7,795.20|$649.60| +|Bills & Utilities|$8,931.00|$744.25| +|Entertainment|$191.88|$15.99| +|Food and Drink|$4,800.00|$400.00| +|Gas|$1,900|$158.33| +|Groceries|$12,000|$1,000.00| +|Health & Wellness|$360.00|$30.00| +|Home Maintenance|$2,630.00|$219.17| +|Insurance|$1,909.72|$159.14| +|Shopping|$7,000.00|$583.33| +|**Grand Total**|**$49,929.00**|**$4,160.75**| + +**Additional Retirement Expenses:** + +|Categories|Sum of Annual Cost|Sum of Monthly Cost| +|:-|:-|:-| +|Travel|$24,000.00|$2,000.00| +|Retirement House|$30,642.02|$2,553.50| +|Gifts|$6,000.00|$500.00| +|Healthcare|$6,000.00|$500.00| +|Entertainment|$6,000.00|$500.00| +|Food & Drink|$3,600.00|$300.00| +|Home Maintenance|$12,000.00|$1,000.00| +|**Grand Total**|**$88,242.02**|**$7,353.50**| + +Overall that’s $152,370.01 income and $138,171.02 expenses for a cushion of an extra $1,183.25/mo. I'm pretty comfortable with that knowing my estimates are pretty conservative. + +**Common questions:** + +* **What about the kid’s college expenses?** Each of us transferred our GI Bill benefits to the kids. That pays for the highest in-state public university tuition cost plus a housing allowance and books/fees stipend. We'll continue funding the Coverdell education savings accounts for the next 3 years and then just let that money grow until they go to school. They should be able to easily afford college without needing to take on any student loans. Any excess funds from the Coverdell ESAs can be converted to 529 and transferred to a cousin. +* **Are you taking into account social security?** We’ll both start getting social security which would be an extra $2k month in today’s dollars or $6.6k a month in future inflated dollars. After doing the math, we’ll probably just take the money as soon as we can (age 62) even if we don’t need it since the break even point isn’t until our late 70s if we delay payments. +* **Why don’t you snag a high paying contractor job after you retire from the military and make bank for a few years?** Yes, we both have extremely marketable and in demand skills and could land high paying jobs post military. We’d rather spend our time with the kids/extended family though. We just don’t need that money. If asked, I’ll just tell people that I’m a high net worth financial advisor (true except the only client is myself). +* **Why not stick around in the military a few more years?** The military pension goes off your high 3 years of earnings and adds 2.5% per year of service. We’re planning to leave at 20 years (50%). Yes, we could get promoted again and then stick around 3 more years to increase that base pay/high 3 calculation. Sticking around 1 extra year would mean a 52.5% pension instead of 50% which would be an extra $300/mo. At the end of the day, it all comes down to whether or not we need that extra income vs the stress of being in the military (potential deployments/separation/long hours/etc). The bottom line is the military doesn’t define who we are and there are others capable of doing our jobs when we walk away. +* **What will you do to stay busy?** Kids, volunteer work, travel, extra curricular activities, go to the gym because we want to, start a garden/chickens/apiary, who knows. I do plan to spend some time at a coffee shop telling unsolicited war stories to young people at least one day a month. +* **Why is your healthcare budget so low?** As a military retiree, we’re eligible for Tricare Select or Tricare Prime. This is the same health coverage we currently have, but when we retire we have to pay about $600/yr for enrollment fees and minimal co payments ($20-$30 for a visit) with a catastrophic cap of $3k or $3.5k. This includes a good prescription drug benefit, but no dental/vision coverage. When we become eligible for medicare you automatically get swapped to medicare and Tricare For Life which is basically Tricare covering the 20% that medicare does not plus your same existing prescription drug coverage. Basically we'll have no health care costs after age 65. [https://tricare.mil/-/media/Files/TRICARE/Publications/Misc/Costs\_Sheet\_2021.pdf](https://tricare.mil/-/media/Files/TRICARE/Publications/Misc/Costs_Sheet_2021.pdf) + +tl;dr Net worth is now $2.47m. Plan is to retire in 3 years at the age of 43 with military pensions worth $113k/yr while using a 3.5% SWR to generate an additional $70k for a combined total of $183k/yr retirement income. +The chief executive officer of RioCan Real Estate Investment Trust has a message for investors: The company’s distributions are safe. + +“Either the market has way overreacted on the downside, or there’s this feeling that the world is so awful that they’re all going to be cut,” RioCan CEO Ed Sonshine said about payouts to investors in an interview with BNN Bloomberg Tuesday. + +“I can assure you that’s not the case for RioCan.” + +Investors have punished the TSX’s real estate subgroup, sending it down 28 per cent so far this year, amid the economic uncertainty caused by COVID-19. RioCan’s units have plunged 43 per cent since the end of February; and, as of Tuesday, the company’s yield was sitting at 10.11 per cent. + +The current yield is “probably the highest we’ve ever traded at in history, and our portfolio is the best it’s ever been in history,” Sonshine said. + +His comments come one day after the federal government unveiled its latest relief measure – the Large Employer Emergency Financing Facility (LEEFF) – which will offer bridge loans to companies unable to secure traditional financing amid the pandemic. + +While Sonshine noted that lockdowns will hit some of RioCan’s tenants – specifically Cineplex Inc. and Goodlife Fitness Centres Inc. - harder than others, the ability for businesses to thrive in a post-pandemic world will be determined by the strength of each firm’s underlying businesses models. + +“I would think they’d be the perfect candidates because they need a bridge to get them through, where their basic business model starts working again.” + +https://www.bnnbloomberg.ca/riocan-ceo-guarantees-distribution-amid-covid-19-turmoil-1.1435364 +It's going to go into VGRO or VEQT or a combination of the two, haven't decided yet. Would you guys just dump it all to maximize time in the market or maybe do like 12,500 every two to three weeks to average out the current market volatility? +Hi all, I’ve recently come into a lot of money and plan on making a big investment to stow away and not touch until I plan on retiring. I’m a gov employee and have a good pension. Making about 80k a year. + +Any opinion on what the best ETF will be to invest in for my situation? + +I already have one in mind, but I wanted to hear from this subreddit. + +Thank you! +Emergency fund, no debt and stable job in consideration. +If I wanted to get ahead would using a line of credit to invest in high dividend stocks like ENB, CM, RNW, BCE etc make sense? Dividends pay the interest and my job will pay the principal over time? +1) Some really sketchy behavior coming out of the SEC recently. Story time… + +2) Millions of crypto holders have been earning yield on their assets over the last few years. It makes sense, if you want to lend out your funds, you can earn a return. Everyone seems happy. + +3) A bunch of great companies in crypto have been offering versions of this for years. Coinbase came out recently and said we would be launching our own version. + +4) We were planning to go live in a few weeks, so we reached out to the SEC to give them a friendly heads up and briefing + +5) They responded by telling us this lend feature is a security. Ok - seems strange, how can lending be a security? So we ask the SEC to help us understand and share their view. We always make an effort to work proactively with regulators, and keep an open mind. + +6) They refuse to tell us why they think it's a security, and instead subpoena a bunch of records from us (we comply), demand testimony from our employees (we comply), and then tell us they will be suing us if we proceed to launch, with zero explanation as to why. + +7) Look….we're committed to following the law. Sometimes the law is unclear. So if the SEC wants to publish guidance, we are also happy to follow that (it's nice if you actually enforce it evenly across the industry equally btw). + +8) But in this case they are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors. Whatever their theory is here, it feels like a reach/land grab vs other regulators. + +9) Meanwhile, plenty of other crypto companies continue to offer a lend feature, but Coinbase is somehow not allowed to. + +10) Gensler in his confirmation hearing: “It’s important for the SEC to provide guidance and clarity,” Gensler said. “Sometimes that’s a clarity that will be a thumbs up, but even if it’s thumbs down, it’s important to provide that.” March 2, 2021 + +11) If you don't want this activity, then simply publish your position, in writing, and enforce it evenly across the industry. + +12) Ostensibly the SEC's goal is to protect investors and create fair markets. So who are they protecting here and where is the harm? People seem pretty happy to be earning yield on these various products, across lots of other crypto companies. + +13) Shutting these down would arguably be harming consumers more than protecting them, and by preventing Coinbase from launching the same thing that other companies already have live, they're creating an unfair market. + +14) In May of this year I traveled to DC to meet with every regulator and branch of government I could. + +15) The SEC was the only regulator that refused to meet with me, saying "we're not meeting with any crypto companies". This was right after we became the first crypto company to go public in the U.S. + +16) Gensler had been confirmed just a month prior, so I brushed it off as the SEC still getting its feet under it. Now I'm not so sure. + +17) We've always tried to be good actors in the space - leaning in to sensible regulation even when it is difficult or expensive. We try to think about what products we would want for ourselves, and what risks we would want our families to be aware of, before launching products. + +18) We will keep following this approach. + +19) Yet here, we're being threatened with legal action before a single bit of actual guidance has been given to the industry on these products. + +20) If we end up in court we may finally get the regulatory clarity the SEC refuses to provide. But regulation by litigation should be the last resort for the SEC, not the first. + +21) Our door remains open. Hopefully the SEC steps up to create the clarity this industry deserves, without harming consumers and companies in the process. America could really use us all working together to figure this out right now. + +**END** +A family member is considering upgrading his daily driver/work car, a Volvo SUV, and he very kindly offered to gift my wife and me the vehicle. My question: Would this make financial sense for us? + +The details: We have a well-maintained, 8-year-old Toyota hybrid we like with low mileage and a very low monthly payment ($225). That said, we're moving to the suburbs next year after my wife graduates a graduate program, and we have a 1-year-old — we know we'll soon need a second vehicle and wouldn't mind the extra room of an SUV. + +The Volvo SUV, less than five years old, has three years left of payments at about $700/mo. + +Is it worth accepting the vehicle now, even though we won't strictly need it for about another year? Or should we instead bank that money and put it toward a vehicle once we need it next year? + +My thought: Accept the SUV now. It's tight with our budget for this year, but even if we decide to trade it in in a few years, we'll get back about as much as we'd be spending in monthly payments, insurance, and maintenance. Plus, we know our budget will expand next year. Then again, maybe I'm wrong. + +Additional considerations: My wife and I had planned to get an EV or plug-in hybrid SUV, but that's not a deal-breaker. The Volvo SUV gets about 22/29 mpg city/highway. + +EDIT: Thanks, all. Exactly why I asked this question here. Thanks for helping us dodge a bullet. +The important part of the announcement is written below. FUCK THEM TO THE MOON. + +"Restrict CFD leverage offered to retail clients to a maximum ratio of: +30:1 for CFDs referencing an exchange rate for a major currency pair +20:1 for CFDs referencing an exchange rate for a minor currency pair, gold or a major stock market index +10:1 for CFDs referencing a commodity (other than gold) or a minor stock market index +2:1 for CFDs referencing crypto-assets +5:1 for CFDs referencing shares or other assets" +Out of curiosity and fuelled by the recent Optus shitshow , does anyone take an organisations security policies or insurance into consideration when performing DD checks before investing? + +If so, what are some things to look out for or ask during presentations? + +It would be of huge importance to tech and telco companies. I’m surprised that more emphasis isn’t place on it in investor presentations or have it be a requirement in some circumstances such as a tech based company. +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) +Host spoke of NVX being a part of September 15 battery day and stated "where lots of acquisitions take place" + +Edit - IMO, NVX didn't say anything special or different (from the investor call awhile ago) but how the host introduced the CEO was very intriguing for me as partially stated above so I'm gonna wait for the video and rewatch that bit. Plus there were plenty of questions so expect an article post webinar + +[Link](https://us02web.zoom.us/w/85749992404?tk=073KMkiHFRhzgUSMBt2-zn6F4lFr5uJhG5C1Z05Uq2g.DQIAAAAT9xkL1BZ4d2VlLXBweFRBbW9nd2MxTHRkMnRRAAAAAAAAAAAAAAAAAAAAAAAAAAAA&uuid=WN_x5rTxb07S3ODugCylEcQcQ) +The flair could honestly be ‘Dumbfuck discussions’ or ‘Noob stuff’ but I’m legit curious and surely there are others in the same boat. I’m hoping.. + +Super n00b here (always a good start), did Year 11 economics (the start got even better) so when the market crashed with COVID I thought I would chuck a couple of K into something I knew would jump back up a fair bit so I bought some MQG shares @$80, I’m up $4kish and thinking I’ll cash out, read the DDs of other companies and reinvest a little bit to have some fun and hopefully make a little bit of money. + +But I’m a bit confused on how the tax on profits work. From my understanding I’ll get taxed on 100% of the profit @.33 for every dollar (because I’ve held the shares for less than a year). So if that’s the case I’ll get taxed $1,320 if I’ve made 4k. + +BUT if I hold them for a year I only get taxed on half the profit which would end up being $660. + +Is that anywhere near right?.. I did try googling and couldn’t find much about it so any help would be appreciated. +Does anyone else think it's smart to just keep buying and averaging down when your stonks tank immediately after buying? + +You've only lost money if you sell + your buys might help bump the price up. + +Someone rate my trading tactics? +Currently 30% down portfolio wide but only a matter of time till these bastard rebound. +BAN BET Comp. + +All Autists here is your chance to go fishing on the BAN/BET for a solitary week in ASX\_banned. + +VML is the chosen stock for the inaugural BAN/BET. VML SP is $0.067 for start price of bet. + +Pick Red: VML down end of week or Pick Green: VML up end of week + +VML SP as of close of ASX on Friday 24th Sep denotes win lose position. + +Include u/mcfucking in your comment for the bet to be recorded and any other insult you want to aim in general. + +Winners and Losers posted at end of comp. Results posted in monthly Ban/Bets + +Limit on numbers not imposed by Mods as yet but may occur if it gets overboard. + +u/calm_lenghts is green and is preparing his salty tears for a week away in banned + +u/built_different is red + +u/rsoule878 is red but not a commie + +&#x200B; + +[View Poll](https://www.reddit.com/poll/pr0ofh) +I'd love to learn some new ways to save more. + +One of my "tricks" is that you can eat the stems of broccoli. You just slice it really thin and cook it along with the heads, and it tastes great. It is a little trick but things like this add up. + +What can you share? +Proof here - https://support.coinbase.com/customer/portal/articles/1766604 + +Tomorrow, May 24th at noon PST we're changing the name of Coinbase Exchange to GDAX (Global Digital Asset Exchange). Support for trading ETH with BTC and USD will be added at the same time. + +I'm sure you have questions - let's do this! + +[edit] + +Thanks to everyone for asking some solid questions. It was fun taking some time to connect with the community. It's really important to me personally that we have free flowing feedback from our customers so you'll see my team here on reddit regularly engaging with people. Thank you also to the mods of /r/ethtrader. They set up some flair for me, and for my team. I didn't give them any notice about this AMA and the STILL approved all my posts from a new account with zero karma - much appreciated. + +Until next time! + +Michael + + + + +Good day everyone! +I bought a car from Carvana about 3 months ago, I did all the paperwork with my bank and submitted it for payment. Everything has been good on my end, I have the car and I am loving it (it’s registered and all that good stuff. Here is the the deal though, I called my bank last week and asked them when my first payment was due, (with my bank I get 90 days before having to make the first payment). As it turn ours Carvana never actually submitted the paperwork to my bank. +I went ahead and called Carvana and asked them if they are missing $26k by any chance. They said no, everything is good and they already sent the title to my bank. + +I called my bank back and requested for the title to be released to me since Carvana dropped the ball big time. The title is coming today in the mail. + +Now my questions is; what could possibly happen next? + +When i reached back out to carvana they said they would get back with me and come up with a solution to fix their screw up… ironically I have yet to hear back from them… + + +Any advise/help is greatly appreciated +The reason for the Market Dip is clear and simple. +The Stochastic indicator didn't show a Head and shoulder pattern and this was mainly because the Difficulty Ribbon Compression was in front of Moving Average Convergence Divergence and not behind the Bollinger Band which meant the Relative Strength Indicator (RSI) resulted in a Death Cross. So, obviously, when the Alpha-Beta Trend Channel crosses the Arms ease of Movement which allows an increase or decrease in the Chaikin Oscillator then the market will stop dipping. +Couldn't be any clearer really. + + +Click subscribe for more tips! +Hi everyone, + +I know this is primraily a US based thread, but thought to cross post this here. Some of the tax deffered (Super) accounts are a bit different as well as taxation laws, but would still appreciate dicussion! + +I have made a throwaway, but am a freqeunt lurker on my main account. + +\*\*Ps. Situation is for an immediate family member, but thanks for the kind words!\*\* + +\--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- + +A little bit of a **'what if situation'**, or **what would you do?** + +The situation: Sale of a business within the next 12-24 months and in doing so you will have access to between 30-40 million dollars, in chunks over the next 3-5 years. + +Specifics: Your age is mid 50s, you have a PPOR (\~1.6million), no mortgage. Married with some adult children who are self reliant. Some properties within a SMSF (tax deffered) in yours and wifes name totalling 1.5 million. + +The first step is to seek guidance from a qualified financial advisor with some clear goals. Who do you see? - will one be better than another? + +Secondly how would/should this much money be invested to achieve the goals of: maintaining wealth long term, providing a passive income and maintaining intergenerational wealth for children/descendants. + +Other thoughts/questions are appreciated. + +Thanks! +First of all, I know, nobody knows. Second, I am looking for a serious discussion. We're here primarily to make money, not laugh at our misery. + +Last time a concerning inflation was reported the markets didn't take it well. What do you guys think will happen tomorrow if the report comes up again high? They're talking about a potential 7.2% inflation YoY, which would surpass even the last one. +[https://www.barrons.com/articles/interest-rates-income-stocks-51624309186](https://www.barrons.com/articles/interest-rates-income-stocks-51624309186) + +Barron's website + +" [Lumen Technologies](https://www.barrons.com/quote/LUMN) (LUMN), which operates a global fiber network, is expected to comfortably cover its $1 a share dividend from free cash flow in 2021. The company argues that its fiber assets are undervalued relative to those of peers. Its shares, at around $14, yield 7%." + +THE BIG SHORT (Mike Burry): [https://money.usnews.com/investing/stock-market-news/slideshows/stocks-michael-burry-likes-better-than-tesla](https://money.usnews.com/investing/stock-market-news/slideshows/stocks-michael-burry-likes-better-than-tesla) +I was fortunate to pick up really good prices for some dividend stocks during the recent market drop due to Corona and lockouts. many of my purchases have a nice and shiny Green hue when I check the unrealized gain/loss! However, I am finding it very difficult to digest higher prices of the same stocks and etfs. it seems like as if I am going to see the green disappear. + +Do you keep buying regardless or wait for 2-3 months and buy when markets are well below all time highs? +I see a ton of post mentioning JEPI and SCHD for dividend funds; however, no one seems to talk about HDV which appears to be comparable to SCHD; slightly higher yield although the expense ratio was also slightly higher the last time I checked. + +Is there a particular reason why? If this has been asked before my apologies. Just curious because I’ve been dollar cost averaging HDV because I think in 20 years it will pay off for me. +I know this may be idiotic but forgive me as I am very young and new to the investment world. My question is: Why do I see so many young people investing in dividend stocks/funds? And by young, I mean I see people 35 and younger having their entire portfolios made up of SCHD, O, JEPI, etc…. I mean I have heard of dividend growth investing albeit I definitely need to do some research on it. And I understand the very basics of compound interest ie; turning on the DRIP feature and letting your dividends reinvest but more aggressive growth stocks would seem to give you better returns most of the time (I mean even an s&p 500 index seems like it may do better). I just want to know, especially if you are in your 20’s what drew you to invest mostly in dividends and not growth stocks? I mean obviously if you are starting out with a few million you would be smart too as you could just live off of the dividends but most of these young investors like myself don’t have that kind of capital. I guess I just grew up with the traditional financial idea that when you are young you go heavy into growth and the closer you get to retirement you transition into lower risk/high dividend assets with the ultimate goal being that you could live partially or fully of your dividend in retirement. So explain to me what made you choose to invest solely in dividends/value and not growth at such a young age? + +Side note: I don’t mean to criticize this approach at all! I merely want to learn. I personally was thinking about picking up a small percentage in SCHD for my Roth and setting the DRIP feature on. + +TL;DR +Why invest in dividends and not growth when you are young (under the age of 35)? +I am interested in adding MMM to my dividend portfolio. + +So I checked an analyst report as part of my research. Looking at the report it’s a great company, BUT it has a competitor, Roper Technologies, that has a higher profit margin and higher dividend CAGR. However it has a significantly lower yield and, related, a much higher share price. + +I’d never heard of this company before so I was wondering if anyone here owns it. + +Do you own ROP, and/or would you consider it as an alternative to MMM? +Hello everyone, + +I'm pretty new to Dividends, and pretty new to investing in general (started not even a year ago, own about a handful of Stocks, nothing crazy) I understand divs and how they work, I just want to see if I have a realistic goal. + +What's a realistic yearly income on Dividends? + +I recently turned 29, I work in the Architecture field, I make decent money and can invest around $500/month. + +Is it possible to own enough div stocks in 10 years time to make a livable amount on dividends yearly so I can quit my job? Lol + +The only Div stocks I own right now are MFA and DAL. + +Couple of other safe ones I've been looking at are SPG & WMT. +Hey people, +I'm thinking about adding another Pharma Stock (besides JNJ) and I can't really decide what could be interesting. I looked a little bit into Pfizer and Bristol-Myers Squibb and then thought "why not ask people, who already have an idea of this". So my question is, what is your go to/favorite stock in the pharmaceutical sector? +I am new to finaces in terms of actually having a plan or planning for the future at all. I know I am extremely far behind. I think since I have no other option now is the best time to get on top of things and start planning. I struggle with mental health issues so that is my main excuse although it's not really an excuse, but I think a few people here might wonder what I've been doing since I was 18. + +My position right now is very bleak. I spent my 20s working on and off part time at various places while "studying" part time at uni until I was about 27. Due to various reasons I don't want to get into now nothing really came out of it, and I racked up a hefty HECS debt as you can imagine. At the time I was not thinking about anything besides the now, I had no clear focus or goals or anything like that, I was just "studying" to avoid getting a full time job? I'm not sure. I didn't want to face the real world I guess. + +After finally wanting to get my shit sorted and carve out a future for myself, I decided and planned on going back to uni at the start of this year to study somthing tangible for me. Anyways, for the past 2-3 years I've been working until I lost my job in March (I worked hospitality). I was planning on this year to start studying and work part time while on Aus study. I managed to get onto Aus study and then quickly lost my job for obvious reasons cause of Rona. + + +I'm just looking for opinions on what I should be doing right now. I am studying diligently (for the first time) in a field I am quite confident will be relatively employable in the future (data science). I am still looking for a part time job but it's not easy now as most people will know, but it is what it is and i'll keep trying. + + +Now to my financials. This is where it gets pretty bad. I have essentially no savings. I have an "emergency" fund of about ~3k. I live with my girlfriend in an apartment with her sister, and we live pretty frugally (still working on getting better with this). My partner works as a nurse and makes decent money, but I don't like relying on her money so we split things evenly. My super is almost empty. I have ~13k in there, and I haven't even withdrawn any. This is cause of issues with my last work places failing to pay, which I am chasing up at the moment. I have a large HECS debt, which is only going to get bigger. I basically have no assets, so stocks or investments or property. Infact I barely have anything. I have a used car, a laptop a computer and some clothes and a bike. That's about it. + + +The good? I have no hard debt. I have a used car that I bought with cash. I own my phone outright. I hate contracts. Thankfully I've avoided (hard) debt like the plague and my credit rating would reflect this. Besides HECS I essentially own everything I have. + + +Right now my long term plan is to finish my degree, that is my hihgest priorty while looking for part time work. I am worried about having an empty space on my CV while not employed which is one of my biggest concerns now. I am trying my best to put aside what I can for savings but after rent and bills/food and medical stuff I dont have a large amount. I want to eventually start looking into investing for my future and for the future of my parter and our family when we start one. Eventually we might buy a house but that is a long, long way away. I am not a greedy man, I don't own a lot because I don't care for things a huge amount. I just want security for my family, that is my number 1 long term goal. + + +Is this the right way to go? Am I on the right track? This is my first time really taking a step back and looking at things, things are bad for me but I'm trying my best right now. Like I said earlier I have mental health issues but I'm doing my best! +I noticed a lot of questions here on Private Health Insurance. I came here looking to answer the question "Can I drop my insurance for a couple of months without getting any penalties". I eventually ended up on a website where I could put in my details in a form and it gave me the answer. I can take 1094 days without cover without any penalties. + +Am I missing anything obvious here, or can I infact, drop my PHI? This could be a way of saving lots of money on monthly premiums. + +https://preview.redd.it/n7dhukuqdrl71.png?width=1042&format=png&auto=webp&s=4423c899a2c93957f2e076b2d3cd36a68105f2b0 +I recently took the big (for me) step of going to talk to a mortgage broker about obtaining a home loan. + +Fast forward a week or two and as it turns out, i had a substantial telstra debt from a past relationship that i was unaware of which had defaulted. I have since paid it off but my broker has informed me that i may need to wait until it has cleared from my credit rating which could possibly take years. + +Is there any avenue apart from going through a specialist lender that i could begin my home ownership journey or am i actually better off to just wait it out and continue to save ? +It's that time of year again and many of us are probably dreading the imminent annual performance reviews at work. What tips and tricks have you used to successfully receive a promotion or significant salary increase in the past? +western digital is buying SanDisk (SNDK) for $19 billion, so why is the market currently pricing it at $15 billion? Why shouldn't I buy a lot of SanDisk, since it seems undervalued? +Hey y'all I have no idea what I'm doing and just wondering if this thing is worth anything and if I can redeem for $. Thanks for any help. [Heres](http://imgur.com/a/UVt8k) a picture of the front. On the back looks like I can sign it if I want. +Hi, Im very new to investing. My goal is to buy and hold 90% of my portfolio in VOO until i retire, currently I hold VTI & VNQ. If the price dips enough for VOO then I plan on selling all my VTI stocks and buying VOO. I have already maxed my limit contributions for this 2019/2020. My question is that are there any drawbacks or anything I should be concerned of besides possibly getting taxed on the gains I could make? Should I spend all my money on VTI right now then when VOO gets low enough, sell my VTI? +Currently i'm holding 3 ETFs: 60% VTI, 30% SCHD, 10% ARKK + +I'm 34 and this is for a long term retirement investment. + +I'm wondering if i'm holding too much in SCHD. I'm not chasing dividends but am very interested in the dividend growth companies and might use some of it as passive income 15 years from now. +I am 19 and have 1000 I want to invest in. What are some ETFs that have medium risk but are also safe to watch grow for the next 10 years? Open to suggestions. I play around with options and my portfolio consists of apple and tesla. Playing around with the market is fun but now that I have 1000 to put into the market I want to put it into an ETF and watch it grow over the years. Any advice or suggestions? Thanks. + +&#x200B; + +\*\*\*\*\* typo title said 10,000 I wish I had that I only have 1,000 +For example, the S&P has been around 3491 to 3662 today (as have the ETFs indexing this). Does anyone understand why? I thought we would just have a downturn because of the CPI news. +I am 20M from Italy and recently I was thinking to start investing my first 1k. Should I invest now or wait a probable crash due to the coronavirus, in either case what portfolio and broker do you suggest for my situation? +I really believe in the idea of dollar cost averaging ETF's I like/think have ongoing future potential for growth. Currently I have a set percentage of my equity \~5% (which I top up with savings) which I use to DCA. I normally just opportunistically buy at dips of varying time intervals. Just wondering what metrics / factors others use when doing this? Also when there is a dip, how do you decide the best time to pull the trigger and not average down too soon? +Hi all, + +Can someone help me understand how the UVXY Ultra VIX Short-Term Futures ETF functions? I comprehend how it is tied to the VIX Volatility index, but beyond that, the only understanding I have of 2x or 3x etfs is that they are \*not\* for long term holds--I don't get why, but that was what I was told. + +This Etf is particular is bizarre to me when I look at the price history. How was this priced at over 1Billion back in 2012? If one wants to hold the VIX in anticipation of a rise in volatility, why not just hold the UVXY since the swings would be greater? + +Thanks much +I think this is well diversified but looking for any egregious errors or opportunities to do better (as I’m second guessing that I have too much, there’s overlap and I need to consolidate). + +Have $100k, $5k in each, looking to average in across all while employing a buy/hold. 30yrs old now. + +EBIZ +QQQ +IBB +IHAK +DMXF +ICLN +SPY +VCR +VIG +VWO +VNQI +VHT +VYM +VGT +VYMI +IVOO +VIOO +VXUS +VT +VTV +A couple of years ago, it appears every redditor was including Ark ETFs into their portfolio with significant weight. Now we know that Wood is more of a fraud than anything else, do you still big assets consumed by Ark ETFs? What would you do about them? + +Ive heard "Time in the market beats timing the market." + +I am gonna buy and forget. + +Just the current price is not a big issue, am i right? Need some guidance thanks +Hello everyone, + +For some background information I am 25 and live in Europe. I decided to ditch active investing due to lack of time. I will be doing DCA monthly into an ETF portfolio and I though about the following: + +&#x200B; + +* VTI - 28% +* VT - 24% +* VUG - 24% (I just like growth investing) +* VO - 24% + +What changes would you make? The reason the percentages are so close is that I can afford to add about $250-300 monthly and I need minimum $50 to buy a certain ETF (I use eToro). I also plan to do this for a long time (more than 10 years) and add increasingly more as I earn more. + +Any advice is welcomed! +I’m 25 and not invested at all. Index funds seem too safe for someone my age, but I don’t really care to learn about specific company earnings or pattern day trading. I like the idea of betting on industries, though. + +Would you recommend just consistently putting money into like four ETFs? +Just looking at the chart you can see all five of the etf's have done phenomenally... do we see this growth to continue or to plateau. What are your peoples opinion regarding this growth. +Morningstar recently released their 2019 U.S. Fund Fee Study, and once again made the following claim in the report: "Morningstar research has demonstrated that fees are a reliable predictor of future returns. Low-cost funds generally have greater odds of surviving and outperforming their more-expensive peers." If this is the case, philosophically, why do more expensive funds, if they \*generally\* do not outperform their less-expensive counterparts, even exist? I realize there are benefits to actively-traded funds relative to their passive counterparts, and that many of the more expensive ETFs are actively traded with short time-horizons, etc., but I still am befuddled. How do these funds survive? Moreover, who is investing in them? + +If anyone with expertise from this community may shed light on this issue for me, I would be much obliged. It's been a question that has long prevented me from investing in more expensive funds. +I'm very new to investing. I've got VOO in my Roth IRA and my 403B the best I can get is VFIAX, which from what I can understand is essentially equivical to VOO. I've been told it's good to diversify, but looking at some other ETFs, it look like they don't perform as well as VOO. Which ETFs complement VOO? I'm interested in what other areas this is weaker in as well as adding some that potentially out perform VOO. +I’m in my mid 20s and want to select 3 ETFs for my Roth. What are your thoughts I’m planning on doing VOO, SCHD, and FSELX (I know this is a mutual fund). Just would like to see what y’all would suggest as well +What do you think about 100% of s&p 500 for long investment, I'm new in this field and I don't know a lot of ETFs . + +If you know another performant ETFs let me know + +Thanks +So I don't do investing as a profession. I have never had any proper education related to investment. So it's a DIY project for me. +I know this is a stupid question but you guys seem like an intelligent community so hopefully you can answer it. +Why make my portfolio so diverse. Why shouldn't I just throw some money in VOO, IVV, VTI, SPYD, Td e series (I forgot the exact symbol for it), and BRKB. They have extremely growth, give good dividends, and have been around for a bit (stability). + +On the matter of stability these that I mentioned have been through alot and still came out the other end doing well. + +Why not just invest my money there rather then unnecessary complications. +I deploy a small amount of money each month into ETFS. The majority of it goes into into VOO VBR VO. + +I got into investing in the Cathy Wood wave and was really inspired by her approach so 20% of this monthly amount I split between K, F, W, Q + +Can someone kindly explain why it might be better to localize into one her ETFS? + +Same question for VYM, DGRO and SCHD. Is it better to just choose one ETF? Am I missing a compounding opportunity by spreading things out so much. + +I think the piece I missing is understanding how compound plays into this. Thank you for any friendly advice. No yelling please +I started (long-term) investing heavily in ETFs about 1 1/2 years ago. + +Here's my current portfolio: + +|Ticker|ISIN|Name|Proportion| +|:-|:-|:-|:-| +|SXR8|IE00B5BMR087|iShares Core S&P 500 UCITS ETF|11,75%| +|EUNH|IE00B4WXJJ64|iShares Core Euro Government Bond UCITS ETF|8,01%| +|DAXEX|DE0005933931|iShares DAX UCITS ETF|5,57%| +|EUNN|IE00B4L5YX21|iShares Core MSCI Japan IMI UCITS ETF|5,56%| +|IS3N|IE00BKM4GZ66|iShares Core MSCI Emerging Markets IMI UCITS ETF|23,25%| +|IQQM|IE00B02KXL92|iShares EURO STOXX Mid UCITS ETF|5,51%| +|IQQ6|IE00B1FZS350|iShares Developed Markets Property Yield UCITS ETF|5,61%| +|EUNL|IE00B4L5Y983|iShares Core MSCI World UCITS ETF|21,11%| +|2B76|IE00BYZK4552|iShares Automation & Robotics UCITS ETF|13,65%| + +&#x200B; + +As I am willing to take risks, I am currently invested with a significant portion in emerging markets/tech (robotics). However, I plan to rebalance a little bit and invest more in MSCI World and S&P 500. + +&#x200B; + +Any ideas/suggestions what I can improve in the future? +Currently I am planning on investing in this sort of portfolio 45% VOO 20% VEA 20%VB 15% VWO is it really that bad to not have any safer investment in this? +I've seen all sorts of conversations on here about luxury cars or high end collectibles but I'm interested to know what your guilty pleasures are. Sometimes on UKPF it comes across that every spare penny ends up in Vanguard but I imagine everyone has at least one thing they spend money on for pure enjoyment. + +For me it's triathlon. My bikes, swimming/gym membership and running shoes don't really come cheap but it keeps me sane, is social and may be healthier than going down the pub and pissing £50 a week up the wall. + +Interested to hear what others are doing! +Ten automakers accounting for more than half of U.S. auto sales have committed to make automatic emergency braking standard on new U.S. vehicles, the U.S. Department of Transportation announces. +The automakers are Audi (OTCPK:AUDVF), BMW (OTCPK:BAMXY), Ford (NYSE:F), General Motors (NYSE:GM), Mazda (OTCPK:MZDAY), Mercedes Benz (OTCPK:DDAIF), Tesla (NASDAQ:TSLA), Toyota (NYSE:TM), Volkswagen (OTCQX:VLKAY) and Volvo (OTCPK:VOLVY). +The systems could prevent or mitigate 80% of the ~1.7M rear-end collisions that cause ~1,700 deaths and 500K injuries annually in the U.S., according to the National Transportation Safety Board. +https://www.cnbc.com/2018/04/12/bank-of-america-merrill-lynch-ge-capital-has-zero-equity-value.html + +"General Electric's finance business has "zero equity value," Bank of America Merrill Lynch analysts wrote in a note Thursday. + +The GE Capital portfolio is under scrutiny after ending last year with $95 billion in debt outstanding, combined with two investigations into the business. The firm's analysis comes as The Wall Street Journal reported the embattled industrial conglomerate may sell the full GE Capital portfolio, potentially at a loss, citing sources familiar with the situation." +Hello what is the downside of transferring from my tfsa to rrsp account before December 30th 2022? +Figured I would get back 40% income tax return and replace tfsa in 2023 +Hey Everyone, + +Just wanted to know what you think of enbridge going forward. + +Dividend is awesome and price is not bad and seems to be rising. + +Would this be something good to get into going forward? +I've been trying to trade for 2 years now.. More losses than gains overall. I started out on Webull swing trading stocks and then went to learning and scalping watching Oliver Velez. That was an eye opener. I did not have a clue about spreads or having the wrong broker. I signed up for every discord or course out there and have yet to be profitable.. I thought girls were suppose to be better traders :( + +I have tried Stocks, Forex, and Cryptos. I did the best on cryptos just DCA'ng into a position only trying to make $200-$500 on a position and then setting my stop loss to break even. I had a solid 3 to 4 month profitable streak on cryptos and then I eventually took a couple of $4k to $5k losses and stopped trading cryptos. I attempted mean reversion, moving averages, divergences, fibs, golden pockets, point of controls, abc patterns, inside candles, outside candles, rsi's etc.. + +I have DAS trader now for stocks and I like the direct market access, but I have yet to find a strategy that I can put on a spreadsheet and back test WHERE to put a stop loss and take profit. I go home and study the charts for LITERALLY 2-3 hrs a night. If I'm driving somewhere I have a YouTube video pulled up and trying to learn about a new strategy. I do understand price action and it does open my eyes more, but it's so hard to backtest price action. What time frame? What take profit? Etc... This has been my life for 26 months. Is it me? Should I just throw in the towel? I would pay for someone's strategy and would sign a NDA at this point if someone has a strategy that I could learn lol. I'm about to join the 95% that doesn't make the cut. +How does becoming profitable actually work? I am just here to lay out some points that seem contradictory to me, and I'm looking for some arguments against my points. + +-If everyone has access to the same technical analysis theorums, why doesn't everyone make money? If everyone made money, wouldnt that completely break the system? Stock markets are intrinsically unpredictable. You can literally flip a coin and that would outperform or match all indicators. Some of the most profitable traders have a 20% hit rate but are still in the green, which means that trading is more about risk management than technical astrology. I'm looking into multiple market theories and it seems that the only people who can make actual empirical, justified trades are extreme mathematicians (Jim Simon's medallion fund), and hedge funds. + +-the c0eurses (sorry for spelling, bot thinks I'm trying to sell something) . If daytrading is truly profitable, why are there so many c0eurses? If you had a way to consistently predict the market, you wouldn't be selling a c0eurse, or hell even running a youtube channel for the sweet adsense. You essentially own a real life gta money glitch. Like Jim Simon's medallion fund, their techniques are closed off and rightly so. I know that for every sector of business there are c0eurses, But daytrading is on a whole different level. It seems the allure of buy low sell high on some spikey line bois makes for a better business model of selling c0eurses than the actual practice itself. + +-The 5% argument: "95% of day traders lose money, 5% make money which means there must be skill and work involved". Statistically speaking, this is completely normal for a small outlier to be profitable with the absence of any skill at all. You can throw a bunch of monke from r/wsb, and it's proven time and time again that some people do get rich for no reason. It's essentially a survivorship bias in a way - losses never get talked about and outsized returns are attributed to skill by confirmation bias. + + +here's a plagiarized quote from a fellow redditor: + +"The idea that “someone” is profitable day trading is the wrong way to look at it. Even a tilted casino game can have long term repeat winners, given enough players and enough time. + +If a million monkeys started making trades, one or two of them would beat the market for years and years. You could look at their past trading history and see all their gains." + +I'm not shitting on daytrading. I know that people make money from daytrading, and thst it's a real thing so I just want answers to some of the contradictions I found. +# This DD was written by /u/dmcalls he's an absolute Mastermind. If you want to know why this could go from 0.5$ to 4$ like $CEI did, you gotta do some reading! :D + +# Introduction: + +&#x200B; + +[Market Momentum shifting right towards $SNMP.](https://preview.redd.it/6zos7thvdf191.png?width=930&format=png&auto=webp&s=1b6cc2b0155ee5ab6a2bd4e08ed3651bc3eec80e) + +With institutions like Blackrock starting to scale into energy related sectors, and with lots of energy and oil names starting to pick up, I think that $SNMP is a great candidate for being one of the biggest gainers in the sector due to it's current high short interest (over 50%), high institutional ownership (76.27%, source: finviz), and high insider ownership (37.18%, source: finviz). With momentum piling in, and with the downside being limited, I think this is a great opportunity for a trade. Even if the sector happens to cool off, SNMP may go on it's own based on the setup alone. This is what makes this trade attractive to me. It reminds me of when $CEI ran from \~0.50 to over $4 in a month; irrespective of it's overall sector performance. $SNMP is a company that is involved in the development and ownership of infrastructure critical to the transition of **energy supply** to lower carbon sources. They own gas gathering systems, pipelines, and processing facilities in South Texas and continue to pursue **energy transition infrastructure opportunities** — which we have seen before. $SNMP is in the energy sector, and it's industry is in the oil & gas midstream. + +&#x200B; + +[Source: finviz \(left\), fintel \(right\)](https://preview.redd.it/9m41n596ef191.png?width=792&format=png&auto=webp&s=436241c2821299860719d9f215fb2bd0ef8288e6) + +&#x200B; + +&#x200B; + +https://preview.redd.it/lfp8f6t7ef191.png?width=988&format=png&auto=webp&s=92d17da5cbdb20aee742587a7e563522c7bca33d + +Recently announced here on May 20, 2022. Wow! Biden pushing millions into zero-emission school buses over the next 5 years? It just so happens to be that SNMP is involved in facilitating the largest 100% zero-emission school bus fleet conversion program in the Midwest. See here, posted on March 3, 2022. + +>**Levo Partners with Troy Community Consolidated School District 30-C to Facilitate Largest 100% Zero-Emission School Bus Fleet Conversion Program in the Midwest** +SAN DIEGO, March 3, 2022 /PRNewswire/ -- Levo Mobility LLC (Levo), a joint venture of Nuvve Holding Corp. (Nasdaq: NVVE) (Nuvve), affiliates of Stonepeak Partners LP (Stonepeak), and **Evolve Transition Infrastructure LP (NYSE: SNMP) (Evolve)** that provides Fleet-as-a-Service (FaaS) solutions enabling fleets to switch to electric vehicles (EVs) seamlessly and at scale, announced a 10-year contract award by the Troy Community Consolidated School District 30-C (Troy 30-C) in Illinois to support the district in its effort to fully electrify its fleet. Troy has partnered with Levo to convert its fleet of 64 school buses to zero-emission in as few as 5 years. ([source](https://finance.yahoo.com/news/levo-partners-troy-community-consolidated-140000465.html)) + +I've been tracking this stock since April (credit to u/true_demon for bringing this to my attention; at the time the short interest wasn't even 50%, it was less than 10%!) and I only decided to open a long position as of recently with the current tide towards energy stocks, and with the current short data on this being irrefutably attractive. Timing is very important which is why I only opened a position as of now, in consideration with all of the external factors in the stock market. So now we have catalysts with Biden, momentum, market shift towards energy stocks, coupled with high short interest, this makes for a perfect storm. With that being said, let's take a dive and look at the squeeze data. + +# The Squeeze Data + +Squeeze Data Summary, as of May 22, 2022. + +* **Estimated SI%:** 59.60% (fintel), 54.42% (ortex) +* **Utilization:** 96.33% (ortex) +* **Cost to Borrow:** 28.54% average (ortex), 24.32% latest (fintel) +* **Shares available to short:** 25,000 (fintel); which was reduced from 100,000 on 05-20. +* **Off-Exchange Short Volume Ratio:** 52.55% (fintel) +* **Short volume FINRA ratio:** 52.55% (fintel) + +&#x200B; + +[Source: ORTEX](https://preview.redd.it/0k5lmuqdef191.png?width=671&format=png&auto=webp&s=37afbfb196a43983bc10aed5bc5f584d7486ce9a) + +&#x200B; + +[Source: ORTEX](https://preview.redd.it/3gu06o6gef191.png?width=659&format=png&auto=webp&s=ed4ca598fbefb45d9a3ec8c4b01874abb128f4b6) + +According to the ortex data, we can see here that many squeeze factors are starting to come into light. As the price continues to go lower, squeeze factors such as cost to borrow, securities on loan, and short interest increases. With the stock being beaten down to almost 52-week lows from short-sellers, and with momentum coming into the sector, this is a dangerous spot for already overleveraged short sellers and makes for a great trading opportunity towards the upside. On May 4th, the estimated SI% of FF according to ortex is 8.42, and then on May 5th it spiked to 58.5%. During the period of when the SI% was only 8%; for this we know the settlement date was 29 Apr and the released date was 10 May. The settlement date is the date for which the short interest data is being reported by the exchange, and the release date is the date when the data was released by the exchange (hence estimates of Short Interest will not consider this data until this date, as it wasn't available). A lot of recent shorts *may* already be trapped between 0.50 and 0.4, as most of them are already underwater as the stock is trading at 0.51 and is currently 0.61 in the after hours as of Friday's trading session. + +During the settlement date/release date until now, the free float on loan went from 9.31 to 63.72, **an increase of 584%.** With much of the float being "locked" due to high institutional ownership and high insider ownership, there is questions regarding the size of the free float. On webull, they report a free float of only 255.15K, which is incredibly small. I'm not entirely sure how accurate this is, but I've been tracking data for this stock for over a month now and when I analyze the T&S and order book, I can see that it trades very thin. Regardless, both ortex and fintel report over 2 million shares shorted and they reported a short interest of over 50%. If what is remaining of the free-float is only 255.15K, the FTDs to be delivered may add a little extra nudge of volatility towards the upside since they represent a large amount of shares (nearly 50-100%) that need to be delivered relative to the float size. + +&#x200B; + +https://preview.redd.it/laud106kef191.png?width=565&format=png&auto=webp&s=1c0b013cb973a8e0ef2b5a4e82ede18b7d2026f2 + +https://preview.redd.it/r42hqd0lef191.png?width=643&format=png&auto=webp&s=0b595b3949ffbd0f57978c21108dbc2b21b58fa8 + +Here we can see that the FTDs coming into the month of May and July are pretty much loaded relative to the free float size. If the free float isn't 255.15K as reported by webull, then this may not be that significant. This is only a "cherry on top" of the already existing 50%+ shorted float. + +>FTD is critical to discuss when naked short selling occurs, because when naked short selling occurs, an individual agrees to sell a stock that neither they nor their associated broker possess, and the individual has no way to substantiate their access to such shares. The average individual is incapable of doing this kind of trade. However, an individual working as a proprietary trader for a trading firm and risking their own capital may be able. Though it would be considered illegal to do so, some such individuals or institutions may believe the company they short will go out of business, and thus in a naked short sale they may be able to make a profit with no accountability. Subsequently, the pending failure to deliver creates what are called "phantom shares" in the marketplace, which may dilute the price of the underlying stock. In other words, the buyer on the other side of such trades may own shares, on paper, which do not actually exist ([source](https://www.investopedia.com/terms/f/failuretodeliver.asp)). +As quoted from SEC: "If a FTD position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to **35 calendar days** following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity." + +So since we can track these FTDs in accordance to the FTD T+35 theory, $SNMP may experience an FTD ramp going into the end of May and into the first week of July (see above). + +&#x200B; + +https://preview.redd.it/r6wcvcjnef191.png?width=991&format=png&auto=webp&s=5fb4a3f3eb56b8857ecbeb0b68567a81fd307f18 + +$SNMP is non-optionable, so you can't buy puts or calls. This can be seen as both a plus and a minus, the minus being less profit potential but the plus is that there is likely less fuckery involved. Not having an options chain makes it harder for shorts to 'balance the scales' and without shares to short and lending being dangerous + naked shorts, the only way from here is up. With a squeeze setup like this, they try to continue to suppress the price this will spring up harder. + +# The Technical Setup + +&#x200B; + +[$SNMP: Weekly Chart](https://preview.redd.it/o97asz1pef191.png?width=891&format=png&auto=webp&s=130d4e4043d513890ce2e182045738252e45f36b) + +&#x200B; + +&#x200B; + +[$SNMP: Daily Chart](https://preview.redd.it/smev00oref191.png?width=791&format=png&auto=webp&s=74a7b4db1e5e46b60f8fb9368b38575d406f6f8b) + +Here we see that the stock is breaking down trend, finding support on the lower trend line towards the upside. Weekly and daily RSI is starting to become bullish, and is nowhere near oversold territory. Very nice MACD flip on both the daily and the weekly. All signs tell me that this setup is still early. There may be some resistances at $0.64, $0.79, $1.00, and $1.2. All of which may turn into support in the future. From current levels at 50 cents, just looking at the daily chart, I think that 0.80-0.85c is a very reasonable target before a pullback occurs, but if we break that this can very well go to $1 since most of these penny stocks tend to magnet to $1, and when it breaks that it can go to $1.2 and $1.5. From current price point to 80 cents, that is already a 40-50% increase. Since the short interest and many factors are at play, this can go to $2 for a gain of 200% if there is enough momentum. Given that this play is still early, I expect this to go for 2 weeks to a month, before things start to look overbought on the technicals. + +# PR's, Momentum, and Macros + +&#x200B; + +[Source: Associated Press, via ORTEX.](https://preview.redd.it/tb6gd84uef191.png?width=880&format=png&auto=webp&s=8d5b9a90744cb012a32eb7a78f1587d65ba8fb1b) + +I already mentioned this in the beginning of the post, but may as well post it here again. + +&#x200B; + +https://preview.redd.it/fy2rq5ezef191.png?width=988&format=png&auto=webp&s=2a8c499110a2d3810e2908ed0cd7db02feb3b914 + +Recently announced here on May 20, 2022. Wow! Biden pushing millions into zero-emission school buses over the next 5 years? It just so happens to be that SNMP is involved in facilitating the largest 100% zero-emission school bus fleet conversion program in the Midwest. See here, posted on March 3, 2022. + +>**Levo Partners with Troy Community Consolidated School District 30-C to Facilitate Largest 100% Zero-Emission School Bus Fleet Conversion Program in the Midwest** +SAN DIEGO, March 3, 2022 /PRNewswire/ -- Levo Mobility LLC (Levo), a joint venture of Nuvve Holding Corp. (Nasdaq: NVVE) (Nuvve), affiliates of Stonepeak Partners LP (Stonepeak), and Evolve Transition Infrastructure LP (NYSE: SNMP) (Evolve) that provides Fleet-as-a-Service (FaaS) solutions enabling fleets to switch to electric vehicles (EVs) seamlessly and at scale, announced a 10-year contract award by the Troy Community Consolidated School District 30-C (Troy 30-C) in Illinois to support the district in its effort to fully electrify its fleet. Troy has partnered with Levo to convert its fleet of 64 school buses to zero-emission in as few as 5 years. ([source](https://finance.yahoo.com/news/levo-partners-troy-community-consolidated-140000465.html)) + +More on Levo: + +>**Levo Strengthens Leadership Team with Key Senior Hires** +**Joint Venture Adds Experienced North American Transportation Team** +SAN DIEGO, Feb. 23, 2022 /PRNewswire/ -- Levo Mobility LLC (Levo), a joint venture of Nuvve Holding Corp. (Nasdaq: NVVE) (Nuvve), affiliates of Stonepeak Partners LP (Stonepeak), and Evolve Transition Infrastructure LP (NYSE: SNMP) (Evolve) that provides Fleet-as-a-Service (FaaS) solutions enabling fleets to switch to electric vehicles (EVs) rapidly, today announced that it has added Maggie Clancy, Chief Commercial Officer, and Walter Watson, Chief Operating Officer, to its senior leadership team. ([source](https://finance.yahoo.com/news/levo-strengthens-leadership-team-key-140000681.html)) + +And the renewable diesel agreement from 2021, + +>***Key Leaders from HOBO to Join Evolve’s Management Team*** +***Evolve to Invest $600 Million in Construction of Initial Renewable Fuels Project*** +HOUSTON, Nov. 04, 2021 (GLOBE NEWSWIRE) -- Evolve Transition Infrastructure LP (“Evolve”) (NYSE American: SNMP), a publicly traded limited partnership focused on the acquisition, development and ownership of infrastructure critical to the transition of energy supply to lower carbon sources, and HOBO Renewable Diesel, LLC (“HOBO”), a renewable fuel project developer, today announced an agreement for Evolve to fund the construction of HOBO’s initial project that is expected to produce more than 120 million gallons of renewable fuels annually (the “Fuels Project”). ([source](https://finance.yahoo.com/news/evolve-transition-infrastructure-hobo-renewable-121100756.html)) + +&#x200B; + +https://preview.redd.it/b8sctrv0ff191.png?width=1009&format=png&auto=webp&s=6626425e43f081daa63b0e47d6c2f0dc8c14269c + +And sure, other things in the market are coming into light like Warren Buffet investing into $OXY which is an oil company, blackrock moving into energy stocks, Exxon (a natural gas company) getting attention for remaining in the S&P ESG Index while TSLA gets dropped, crude oil going sky high, lots of things at play here. There are a lot of macro-events and money moving towards these sectors and it's clear on the media. + +&#x200B; + +https://preview.redd.it/9mywpd32ff191.png?width=256&format=png&auto=webp&s=387cc5ad3631897acb257f47fcd207233717abaa + +# Bearish Statements + +Ah yes, but everything sounds so fine and dandy, we have all the momentum in the world with macrofactors and biden stuff and high short interest, let's go to the mooooon what could possibly go wrong?? Shortsellers have tried to attack $SNMP before, due to risks of compliance. On April 2021, they received a notice from the NYSE american that they were not in compliance, and *could be delisted*. See here: + +&#x200B; + +https://preview.redd.it/2teu36r3ff191.png?width=1511&format=png&auto=webp&s=cc1efca74738f3626d04ecd96d1994d761390ccf + +However, they were able to regain compliance in 2021 and even issued a statement about this. This is a good thing and a bad thing for shortsellers that wanted this stock to go to zero. + +&#x200B; + +https://preview.redd.it/5aswwun4ff191.png?width=741&format=png&auto=webp&s=fc2956aecd4b8b4989d8cf7112c1c155710fd920 + +Keep in mind these delisting threats were in 2021, and like the old saying goes, whenever there is a will there is a way. Since they regained compliance, they made many new PRs and partnerships in 2022 as mentioned above + +* Levo Partners with Troy Community Consolidated School District 30-C to Facilitate Largest 100% Zero-Emission School Bus Fleet Conversion Program in the Midwest +* *Evolve to Invest $600 Million in Construction of Initial Renewable Fuels Project* + +So now delisting fears have "lightened" but they are still there until October 4, 2022 which is a long way to go. As quoted from their 10K, " Going forward, we will be subject to the NYSE American’s normal continued listing monitoring. If we are again determined to be below any of the continued listing standards of the NYSE American prior to October 4, 2022, then the NYSE American will examine the relationship between the incidents of noncompliance and re-evaluate our method of financial recovery from the prior incidents. The NYSE American may, among other things, truncate the compliance procedures described in Section 1009 of the Company Guide or immediately initiate delisting proceedings with respect to our common units." + +And so now the question begins, is this company gonna go bankrupt or lose out on cash that way? According to their 10K, March 31, 2022; they filed its annual report for the year ended December 31, 2021 with the securities and exchange comission. With respect to their liquidity and credit facility update, they actually **reduced** their debt outstanding by 60.8 million, or **55 percent**. And we all know reducing debt is a good thing! ([source](https://finance.yahoo.com/news/evolve-transition-infrastructure-files-form-200500498.html)) + +&#x200B; + +https://preview.redd.it/x2i14vv5ff191.png?width=596&format=png&auto=webp&s=d7bc2db63ec97f8d6c3c8b9157219464699929fe + +And so now the question becomes, what about the cash on hand? Dilution coming? The stock is trading near 52 week lows, it went to 30-40 cents at one point and ran all the way to $1.25 during the initial oil craze and they still didn't do an offering. Additionally, with high institutional ownership and high insider ownership being high, they continue to acquire more shares even after delisting fears. Moreover, they have revolving credit and financing that they can continue to use or apply for. + +&#x200B; + +https://preview.redd.it/mm4mch47ff191.png?width=556&format=png&auto=webp&s=16d233c936c0c248d8cfcedc930a0e88edee3cf9 + +According to fintel, for the institutional ownership and shareholders: Evolve Transition Infrastructu Common Units representing Class B Limited Liability Company Interests (US:SNMP) has 19 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 4,202,235 shares. Largest shareholders include Invesco Ltd., MLPRX - Invesco Oppenheimer SteelPath MLP Income Fund Class C, Blackstone Group Inc, Morgan Stanley, Goldman Sachs Group Inc, Virtu Financial LLC, Two Sigma Securities, Llc, Aurora Private Wealth, Inc., Commonwealth Equity Services, Llc, and Bank Of America Corp /de/. ([source](https://fintel.io/so/us/snmp)) + +&#x200B; + +https://preview.redd.it/uld5d488ff191.png?width=795&format=png&auto=webp&s=e920cd8c35d0d9f17918132a7ea6f5a36936ceb3 + +https://preview.redd.it/az5jgrg9ff191.png?width=1216&format=png&auto=webp&s=61565e1e1fc011f0b07948e2fd033a79e2434edc + +And if you look at their SEC filings I'm sure you can find more bearish statements but I decided to only focus on the main ones. Companies post as many risks as possible to avoid getting sued, including fears of inflation, bankruptcy, etc, so it's important that you look through that and do your own due diligence. For me I just feel like the shorts got the timing on this trade incredibly wrong, there is too much momentum coming into the energy sector and the ones that will rebound the most are those that are highly shorted, and thus; this in my opinion will make for a great trade towards the upside while the momentum is still here, and with the downside being limited. + +Why not just buy into "safe" stocks like XON, or OXY? By all means go for it, these companies are already well established so in my opinion the gains aren't going to be as big. Why not just trade other momentum stocks in the sector like INDO, HUSA, ENSV, etc? I chose not to go into those because I traded them already, and they are all well above over 100% from their 52 week lows, making risk to reward not as appealing, whereas $SNMP is near its 52 week lows with high short interest and much more upside. For example, INDO which was the leading oil stock during the initial oil craze, went from $2 to $85 in a month, and is now trading at $15 which is still a 500% increase from the low, making the risk to reward not that appealing — and the same thing can be said about stocks like HUSA, IMPP, and ENSV. There isn't much upside left to those stocks. They had their run in my opinion. So with that being said, this is why I chose $SNMP over all of the other stocks; it has almost a succint related catalyst with the biden plan, momentum in the energy and oil sector, and high short interest. + +# Price Targets + +According to my own evaluation I can see $SNMP going to 0.75 then $1 based on technical analysis, macro-events, and momentum factors alone. If we factor in the squeeze this can go to $1.5 to $2, but first needs to overcome $1.2 and $1.4 and see that resistance turn into a support. If you want to be optimistic, this can go to $3 depending on the squeeze momentum. I don't want to make any wild claims saying that this is the next "INDO" because it may not be. I am personally not done building my long position in $SNMP and will look to add near .50-.52 if I can get it, or at a higher support level ideally under $1. I am looking to add only dips so I will be scaling in slowly. I think that the slower the stock moves up, the better and healthier the run will be. + +I know that I have garnered some attention since my last article on $RDBX, which went from $2 to $10, with many of my price targets hitting. But keep in mind that past performance is not indicative of future performance, and that you should manage your risk accordingly. I am not a financial advisor or anything like that, I am just an amateur retail trader that likes to trade volatile stocks so it's important that you do your own due diligence. $SNMP is currently not on the fintel squeezelist, so this is reminiscent of RDBX when I found it, since it wasn't on the fintel squeezelist at the time. This to me, is signs of an early find, but we shall see. + +If you made it this far into my DD, congrats. To reiterate and summarize, $SNMP is potentially met with the perfect storm to the upside. We have a high short interest stock and in the midst of momentum going towards energy and oil stocks, and we have a biden-related catalyst, this makes for a great trade with limited downside as it's already near 52 week lows. As a result, this short squeeze can last a couple weeks similar to RDBX. Due to recent events, the short sellers may have fucked up and got the timing wrong, and from the price action and data alone, most recent shorts are already underwater. And even if the momentum in energy and oil cools off, $SNMP has the potential to continue its run regardless of sector performance due to the short squeeze attribute; giving it the potential to run like $CEI in 2021 which ran from 50 cents to $4 while the rest of the sector did nothing as it built a cult following. Can $SNMP do the same? We'll see. + +# Legal Disclosure + +I have a long swing position in $SNMP. I wrote this article by myself, and it expresses my own opinions. I am not receiving any compensation for it, and I have no business relationship with any company whose stock is mentioned in this article. My insights is based on information that is publicly available, and my insights is susceptible to change in future events. The use of my due diligence is at your own risk, you should do your own. I am not responsible for any financial losses or gains based on my article, and I am not a professional financial advisor or professional analyst, I am just an amateur retail investor. This is not a solicitation to buy or sell any security, and you should consult your own financial, legal, and tax advisors before making any investment decision with respect to transacting any securities covered herin. +The business model and activities of these platforms can continue and thrive ONLY if prices of the crypto they have in asset keep increasing; yet, even noobs know BTC fluctuates a lot and corrections should be expected from time to time; In other words, price correction now is deemed to happen, and these platforms are deemed to go into this bankruptcy/insolvent ending. + +Can’t understand why people still leave their coins there! +Please do NOT fall for Hedge Fund tricks. If there is a sell order tomorrow for 200,000 it is NOT DFV. There was just a shill posting on here that his PREDICTION for tommorrow is that DFV sells all 200,000 shares. So be ready for this TRICK. DFV is the KING. He is not selling + +They are going to try EVERYTHING they can to shake us. Especially trying to take down our heroes. They would love to split us apart and break our confidence by making it look like DFV sold. We know that is a lie. So do not fall for it + +Edit #1 -- I did not link the shill post because I did not want to give it visibility but since some are saying I am a shill here is the link [https://www.reddit.com/r/Superstonk/comments/mts607/tomorrow\_prediction/](https://www.reddit.com/r/Superstonk/comments/mts607/tomorrow_prediction/) + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +#MEW has just made more [official statement.](https://twitter.com/myetherwallet/status/988830652526092288) and thus can find that this current situation is "fixed." But please ! do make caution at all times. + +**If you want to learn more about the technical side of this, click [here](https://doublepulsar.com/hijack-of-amazons-internet-domain-service-used-to-reroute-web-traffic-for-two-hours-unnoticed-3a6f0dda6a6f)** + +> Google Domain Name System registration servers were hijacked earlier today at roughly 12PM UTC so that MEW users were redirected to a phishing site. This redirecting of DNS servers is a decade-old hacking technique that aims to undermine the Internet’s routing system. + +>This can happen to any org & is not due to a lack of security on the MEW platform, but due to criminal hackers finding vulnerabilities in public-facing DNS servers. Your security & privacy is ALWAYS priority. We do not store any of your personal details, including keys. + +>Majority of those affected were using Google DNS servers. Affected users likely clicked the "ignore" button on the SSL warning that pops up when visiting a malicious site imitating MEW. MAKE SURE there is a green bar SSL certificate that says “MyEtherWallet Inc [US]” + +>Some advice for our users: run a local (offline) copy of MEW platform. Use hardware wallets to store your cryptocurrencies. IGNORE any tweets, Reddit posts, or ANY messages which claim to be giving away or reimbursing ETH on behalf of MEW. + +>To keep up this fight against this criminal phishing attack, we need our amazing community to support and educate each other - this is an ongoing battle that requires us all to stick together. + +They have also said **that everything [is fine](https://twitter.com/myetherwallet/status/988836522974572544)** + +>It seems that everything is now back to normal, BUT PLEASE STAY SAFE and read/share [this guide:](https://myetherwallet.github.io/knowledge-base/security/myetherwallet-protips-how-not-to-get-scammed-during-ico.html) + +Original Post: + +Official Statement from MEW: https://twitter.com/myetherwallet/status/988787116015415296 +>Couple of DNS servers were hijacked to resolve http://myetherwallet.com users to be redirected to a phishing site. This is not on @myetherwallet side, we are in the process of verifying which servers to get it resolved asap. + +#Answering some common questions. Hardware Wallets should be fine. Use caution for now and DO NOT LOGIN. Please [read the comment here, which is very helpful](https://www.reddit.com/r/CryptoCurrency/comments/8ekfl6/myetherwallet_has_been_hackedbreached/dxvzbe1/) + +There is a couple reports on the MEW sub regarding this: https://np.reddit.com/r/MyEtherWallet/comments/8ek0jj/think_i_got_scammedphishedhacked/ + +MyEtherWallet has been hacked, it looks like a security [SSL mismatch](https://www.ssllabs.com/ssltest/analyze.html?d=myetherwallet.com) which is redirecting you to a different domain. + +Right now it appears that people are being affected via LOGIN only. Do not login, and only view your balances via Etherscan or another explorer. If you need to send and move your funds, use another wallet, like Metamask, for now, or use MEW offline.. + +This post will be updated if more developments are found. + +Edit: [A comment](https://np.reddit.com/r/MyEtherWallet/comments/8ekamx/mew_got_hacked/dxvtkur/) on the MEW sub says that it's an issue with Google DNS. Personally I did not receive a cert warning. I would still wait for announcement. [The hacker's address is still getting ETH.](https://etherscan.io/address/0x1d50588C0aa11959A5c28831ce3DC5F1D3120d29) + +Edit: [here are some more information from r/EthTrader](https://np.reddit.com/r/ethtrader/comments/8ek998/warning_reports_of_myetherwallet_site_compromised/). It provides more links if you want to look into greater detail. + +Edit: Thank you everyone for the clarification. It's a spoof of OpenDNS and not MEW. But the above info still does apply. ~~I will await a further update from MEW, currently they only say they are working on it.~~ It's been updated, check the top! +Disability hits people unexpectedly. At age 27 in a sedentary job as a former Bay Area Tech CTO I never pictured myself filing for disability much less being found permanently disabled with no cure, no treatment, no effective medications. I had a sudden unexpected onset of a very rare severe neurological disorder that had no warning signs. Today I'm going to talk about how it's changed my FI/RE plans, things that no one expects going out on disability, and how it affects my financial investments going forward. + +*Note: For the sake of brevity in various examples I'm rounding numbers to two or three digits of precision. All investment rates assume a very risky equity asset allocation with a 7% real after inflation return and a 2% qualified dividend yield. All numbers are in today's dollars assuming 2018 tax rates/policies and assuming no future tax changes. I'm also assuming the reader has a base level of understanding of disability insurance. If you don't then both the Bogleheads and White Coat Investor website are a great resource to start reading up on this valuable coverage.* + +# Pre-Disability Income & Assets & Expenses + +* $350k total comp ($211k after tax take home pay) +* $200k taxable account +* $100k roth IRA account +* $100k 401k + +#Expenses + +* $60k annual expenses including vacations/etc + +#Investing + +* Investing $120k/year to be really FI. + +# Disability income + +* $130k non-taxable LTD (mix of multiple IDI carriers and non-taxable group contributory "buy-up" insurance) +* $20k taxable group LTD (after SSDI offsets) +* $15k/total a month +* All to age 65. IDI policies are true own occ, group is an any occ policy after two years. +* $30k SSDI +* **85% of former take home pay covered by disability** + +# Why I'm still saving aggressively even though I now have a secure income stream + +Even though I'm found permanently disabled, you can never be certain the insurance company(s) will play nice in the future. Medical advances can be made for my condition (new drugs are being researched) and who knows what treatments look like in 5-10-15 years. If I just wildly spend this income I'll be in a poor position in the future if disability companies deny payments or I recover. My insurance company already played really nasty once (see below) and they could certainly try again! It just takes one out of context private investigator video taping you being "normal" for a few minutes for them to then hope to show a sympathetic judge. + +# My investing plan +My FI goal is $2.5m which I picture I'll achieve within 11 years. I'd be ok financially if my disability policies stopped paying/refused to pay at that point. I'd like to live a bit more relaxed than I have been living at that point. + +Unfortunately tax-advantaged investment options are really limited for disabled people. There are ABLE accounts for those with an onset of disability on/before age 26, but mine onset shortly after. (There is a bill to extend it to age 46.) The only tax-advantage space I now have access to is roth/traditional IRAs. IRA contributions are only available from taxable insurance policies that report income on Box 1 W-2. + +I'm planning on saving $120k a year into taxable and expect to hit $1m in taxable accounts in 4-5 years, $2.5m total across accounts in 11 years. I'm guessing I'd have $14m-$24m in taxable at age 65 (probably lower as I'll let off on the gas somewhat), $2.0m in my roth (before roth laddering), and $1.6m in pre-tax 401k/t-ira accounts (should I decide to not ladder). $2.2m pre-tax accounts at age 70.5 with RMDs of 3.64% being $80k/year. + +Receiving SSDI plays hell with marginal rates while saving for retirement. With $20k group taxable income and $30k of SSDI, roughly $25k of roth conversions/future estimated qualified dividends from taxable investments in a year/etc will make 85% of the SSDI subject to tax, a marginal rate of **50%.** With this factor it makes roth conversions very expensive until you have uncontrollable dividend income that makes SSDI fully (85%) taxable. After this "hump" my federal marginal rate appears to be around 23%. Realistically I won't get past this hump until 5 years on disability at my current savings rate. + +On SSDI you have no choice to delay Social Security retirement until age 70.5. You transition over automatically to full retirement age. I don't know if there are any legal loopholes around that. (Ie could one legally stop SSDI in their 60s before full retirement age (perhaps make substantial gainful income), wait, then delay? I can't find any answers on that. Actuarial speaking it's better to keep SSDI as disabled people have shorter life spans than the expected age of death SSDI uses.). + +In retirement I'm looking at $250k+ in qualified dividends alone. That makes my marginal tax rate (using taxcaster to make a sample 2018 return) in retirement 31% thanks to the net investment tax. + +Tax effective wise I'm looking at roth contributions until 4 years in ($1m taxable account), then t-IRA contributions for 7 years (years 5-12) as a $6,000 t-ira at 40-50% marginal rate gives a $2,700-$3,000 tax refund as it reduces BOTH the taxable group insurance and the amount of taxable SSDI, then past 12 years back to roth contributions. I'd save an extra $21k with the 7 years of the planned t-ira contributions. I'll likely ladder my pre-tax account into my roth IRA at this point as I'd rather not deal with RMDs and 23% current marginal tax vs an expected 31% at retirement is a pretty huge savings. + +There isn't much other insight I can offer as obviously trying to optimize a future expected $2m pre-tax account for age 65 when I'd expecting to have a 10-20m taxable account at age 65 won't realistically move the needle. + +I'm looking into using a 529 plan for myself as while interest earned is tax deferred (earnings come out as ordinary income rates), withdrawals for totally and permanently disabled is an exception to the withdrawal penalties. I'd need to consult a CPA on it, but it may be a good way to shelter my bond/REITs allocation in taxable that mostly throw off ordinary income. Of course it won't be good for stocks as long term capital gains are very efficiently tax deferred already. + +If the ABLE account age extension becomes law then I'll definitely max that out. + +# Things that went well + +* I planned really well with getting robust insurance policies and amounts. + +* I established a good group policy at the startup I was involved with. We covered the first 50k of premiums pre-tax so people can have some taxable income to be able to make IRA contributions (the insurance reports it on W2 box 1), then had mandatory post-tax deductions for the buy-up insurance making sure everyone is covered. + + +* Glad to have two IDI carriers and a third separate group carrier. I was a huge target just being 27 years old but had all $15k been at one insurer instead of $5k split per carrier I'd be the giant claims target of the century. + +* Had a lot saved with a huge emergency fund to deal with my unexpected disability. + +* No loss of income as I met my elimination period while working still. + +* I'm really glad I hired professional legal help with my insurance claims. + + +# Unexpected things about disability + +* I had a lot more medical expenses than expected. I hit my out of pocket max. The insurance company has paid $70k after discounts to my medical providers. My current medication for my neurological disorder is $15,000 a month. + +* Costs being disabled can skyrocket. I'm completely restricted from driving due to my disability. Uber costs for doctors appointments/treatments/testing/etc exceeded $1k a month a few times living in the Bay Area (Rush hour, specialists outside the city, etc.) It's hard for me to cook with my disability too - I had skyrocketing costs of food delivery/etc. + +* I had a 90 day elimination period with the IDI carrier I depended on the most. I filed my claim when I met the elimination period. It took them six months to approve it (with six months backpay.) I understood that it takes a while to approve a claim but when I took out a 90 day elimination period I did not expect to front six months of back pay. + +* The insurance company played nasty despite being formally represented with a legal team. They started to establish a bad pattern of bad faith by trying to delay the claim as much as possible. When my claim was submitted my legal team submitted everything they felt was appropriate as proof. Two months of silence passed and the insurance company suddenly stated we never sent in a medical records release (we absolutely did.) Immediately my legal team faxed them the signed authorization, another month of silence, then it was "unusable" - a supposed bad fax, while at the same time my doctors have been getting the records request! Unfortunately after that my legal team ended up sending everything overnight, signature required. No more easy faxes. That stopped that bullshit. + +* After that they then delayed an additional two months wanting the past three years of tax returns with the Bay Area startup I was formerly employed with as I was over a 5% equity owner. Of course the company, founders, and venture capitalists that funded us protested and it sat on a huge legal fight. This wasn't a personal business - this was a startup done at "arms lengths" with others. I'm really glad my co-founders worked with me and released the business returns they weren't obligated to... it was starting to head into unprecedented waters as a new case law that neither my attorney or I were excited to litigate on. This was unheard of in my attorney's career. The company was really grasping at straws to not pay a 27 year old disability to age 65. + +* They requested the previous 10 years of medical records going to age 17 fishing for pre-existing conditions as a post-claim underwriting practice as the claim was filed within the contestability period of the policy. Normally my attorney would push hard on limiting it to the pre-existing condition period (1-2 years depending on the policy.) but we are both confident that there is absolutely no pre-existing conditions or sign of this disability and so it'd be a red flag to push to limit the investigation. However trying to recall 10 years of doctor visits is ludicrous so we did not disclose anything before the pre-existing condition period. Making a disability insurance claim is like talking to the police - no need to assist the police or them in their investigation. You're not legally required to assist in their investigation other than what the contract stipulates. + +* Unlike group(ERISA) policies, IDI policies have no clauses in the contract stating how long an insurance company can investigate. My attorney advises me that most claims take 45-90 days to investigate after a claim is submitted, so if you have a 90 day elimination period you better budget at least 180 days of expecting no payments from the date of disability. + +* While you can sue on a IDI policy after 60 days after you provided all proof of loss and your requirements as an insured if the IDI company doesn't pay. *In practice* that's not recommended at all. My attorney recommended keeping things polite and cordial, silently document all the delays, then use it as ammo if they deny, or the delays go past a year, or cause actual damages (foreclosures/late fees/etc.) It's a lot cheaper too... litigation is expensive and uncertain. You have to keep in mind it's not personal ; it's business. The insurance is a cold hearted calculated business. + +* I didn't have a final diagnosis until 3 months of accumulated benefits (6 months past onset of disability). When I made my claim I had a good enough diagnosis with objective evidence which my legal team felt was good enough to proceed. Looking back on a pure "human" basis it may have been better to file when my diagnosis was certain, not subject to change, etc. In real life it's not ideal to have the insurance company not know what exactly is going wrong. It's hard to say though if things would have been different had I waited. + +* Unless you have an accident or a clear cut disability (heart attack/stroke/etc), medical stuff moves *slow.* In reality most disabilities are chronic and worsen over time. On day one of your onset of disability you're probably thinking this won't last for weeks, or months. You probably won't want to make a claim on your policy until you've unquestionably satisfied the elimination period either or know you'll satisfy it in the future. After I had learned it's probably best until your diagnosis is very concrete, and not just probable (if you can swing it financially of course). + +* Ironically I had a good experience with the group contract. They don't want to lose my employer's future business (we're paying premiums close to an IDI contract would too, so they're getting a ton of money over a normal group contract.) They had a six month elimination period though and by that time my claim file was well built. They waived pre-existing conditions for the initial employees when we bought the policy, so not having a pre-existing investigation smoothed out the claim process a ton. As a normal employee though I would expect the claims process to be worse with group insurance than what I experienced with my IDI policies. + +* Going out on disability with a large benefit at age 27 will make *everyone* suspicious, especially with the policy amounts involved (learned that quickly - the guy I ended up going with I didn't disclose the amount involved until the retainer was signed.). I've ran through *five* attorneys that flat out told me "you're 27, you can't be disabled!" I found it incredibly hard as a young professional to find the legal help I needed. A few lawyers were like "come back when you're denied." I almost contemplated handling the claim on my own until I found an attorney that had handled my exact neurological condition before and other related neurological conditions with disability companies. + +# My advice + +* **Get a good individual disability insurance (IDI) policy from one of the big 5 carriers as soon as possible.** Don't wait - the littlest of health conditions can give you worse premiums, limited coverage (5-10 years instead of to age 65/67), exclusions, or outright declines. I'm too young to have experienced pre-ACA health insurance underwriting but my legal team tells me disability insurance underwriting is 10x worse than pre-ACA health insurance underwriting ever was. + +* Bogleheads and White Coat Investor websites are excellent resources for disability insurance information. + +* Get a policy from one of the "Big 5" companies - The Standard, Guardian/Berkshire, Principal, Ameritas/Union Central and Mass Mutual (+/- Ohio National.). + +* Get an independent agent. Any independent agent is fine if you have no health issues. If you have a host of health issues I recommend someone who has a ton of experience working with physicians who apply for IDI as they're more knowledgeable how to paint pre-existing conditions in the best light. + +* **Group coverage isn't worth the paper it's printed on.** Even with my IDI experience group insurance is that much worse. The benefit can end as early as 2 years when it switches over to the "any occupation" phase. Depending on state if you can be a Walmart greeter you get kicked off (some states like CA limit any occupation to be gainful - 80% of your pre-disability earnings.) ERISA gives discretionary authority to the insurance company on what the contract means. The TL;DR is a group contract is between the employer and the insurance company, NOT you and the insurance company. The employer signs away their rights to contest the policy and give *"discretionary authority"* to the insurance company to also manage the administration. ERISA derives from trust law so essentially the insurance company is also the "trustee" of the disability "plan" and has tremendous "discretion." Technically your group "insurance" is actually a "benefit plan" and technically a "trust" in the eyes of the law. You as a lowly employee are simply a beneficiary. Only if the trustee acts *"Arbitrary and Capricious"* will the courts act and intervene. This is a huge standard to overcome! Only 22 states so far have outlawed discretionary language and actually held these insurance companies for what they are - insurance! (Note: if your employer's plan is truly *self funded* then you're completely hosed. Self funded plans are incredibly hard to take to court vs a third party insurance company.) + +* **Max out coverage.** Look, I'll be biased here as I made a claim and it helped me tremendously. Insuring just your current expenses isn't enough. For most disabilities you will likely reach your out of pocket max for your health insurance for a few years. What about cobra premiums? What about ACA premiums if you don't get SSDI/medicare in 24 months from your disability? What about if the company denies your claim in the future? What about at age 65/67 when the benefits stop? What about stuff health insurance doesn't cover? Home modifications? **The only time you don't need coverage is when you're FI.** You can possibly reduce coverage if you have built up substantial assets and 2-4% SWR on those assets will make up the rest. You can always reduce coverage in the future for less premiums. + +* **You'll be glad to have maxed out the coverage if you became disabled, especially if you have to litigate.** + +* The most cost effective for possible benefits received is to age 65 and 90 day elimination period. For an exec/sedentary position with all the optional riders it'll cost about 2-3% of gross income a year. IMO age 67 isn't worth the cost as it's really pricey as the insurance has to account both additional risk of being disabled if you're working at age 67 and the two extra years of payments (especially if a COLA rider is involved and inflation goes past the cap every year.) + +* Absolutely be sure to get true own-occupation coverage to age 65, residual riders (they even let you satisfy the elimination period early with sick days, I had a zero loss of income as the sick days I took satisfied the elimination period under the residual rider.) recovery benefits to age 65 (still get paid if you're no longer disabled but haven't been able to be rehired yet, what happens if you go out at age 27 but recover at age 55? Probably unemployable!), COLA if under age 45, and future purchase options. + +* If your career has a high income potential - software engineer, lawyer, doctor, executive, etc., then buy two policies at $5k/mo/each with $10k future option purchase pools. That will let in the future max both policies to $15k/mo each. Most insurance companies have a $30k "participation limit" where you can't have more than $30k/ di insurance on you. Another advantage of having multiple insurance companies is it greatly de-risks your claim. You'll face a lot more risk management if you ever make a claim on a $10k/mo policy than two $5k/mo policies at two different insurance companies. Should your insurance company go bankrupt you're a general creditor to the insurance company and should we have another AIG/Lehman Brothers, most states will only insure up to $300k of insurance reserves per policy but only if you're on claim and receiving benefits. Don't have benefits and your insurance company goes bankrupt? Well, now you gotta apply for a new policy with a new company at new rates and possibly face pre-existing conditions! + +* There is "DI Retirement" protection policies with Guardian and Principal. It insures the actual retirement contributions you have a history of making (401k, IRA, deferred comp plans), the policy is owned and paid into a trust you can't access to age 65/67 so it doesn't have to be disclosed to other IDI carriers as it's technically not a policy you own, and it will get most people to 100+% take home pay coverage up to the $150k-$200k salary range. (Note: Principal recently updated guidelines to not issue policies to people who they deem are "over-insured" so it's recommended to apply with them first, then apply 31 days to other carriers or apply once it's in force, per your agent.) + +* You can "double dip" on a group policy. If you have the above $30k/mo IDI policies in force and join an employer that provides you with $20k/mo group insurance you'd have $50k/mo of total coverage. Group policies only reduce for other group polices (including professional association policies) but purposely keep IDI coverage untouched. + +* Buy IDI insurance even if you're covered by a group. At the very least they'll issue a "supplemental" amount of coverage to cover the taxes you'd pay on the group insurance. Establishing a future purchase option on the contract is huge so you can get more coverage should you switch employers later on. (Note: if you have an offer in-hand and the new employer has group disability coverage, if you go 31 days of unemployed between your old job and the new job, you can contractually exercise the FPO and get full coverage based on the job offer and not have it reduced because of any potential group insurance Enjoy a nice break between jobs and get fully protected. That's the recommended way for people who have no inclination of joining startups or self employment where there are no disability benefits.) + +* Don't downsize your emergency fund because you have a disability policy. I was surprised my claim built up 6 months of benefits before being approved. + +* If you ever make a claim never ever talk to them on the phone. Always do it in writing. + +* If you ever make a claim hire a professional experienced legal team. A $10k/mo claim is worth $3 million at 4% SWR. *Would you represent yourself over a contract claim worth millions of dollars?* + +I'm happy to answer any questions. +Next week is going to be pretty busy with ICO's and I see some interesting ones. I think this is the best time to spark some discussion on these ICO's to understand thoughts of people on them and do a little knowledge exchange. + +**May 16** + +* Suretly - https://www.suretly.com + +*Suretly is an international crowdvouching platform. You just act surety for others and make money on that! Up to 12%/month!* + +Their service is already live in Russia. Coming soon to US. + +**May 17** + +* Aragon - https://aragon.one + +*Run your company on blockchain* + + +**May 19** + +* Storj - https://storj.io + +*Decentralized cloud storage* + +Service is already live. They are migrating to Ethereum ERC20 standard from the Counterparty protocol on the Bitcoin blockchain for better operation. + +**May 21** + +* OneGram - https://onegram.org/ + +*OneGram a Swiss based a digital solutions company that is the first to introduce a Shariah compliant physical gold backed digital token.* + +... + +Personally, I'm interested in Aragon. It opens up a new world for many talented people. Storj also looks promising but I see there are some criticism about them. + +What are your thoughts? + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Here is my prediction on next week's FUD. It's going to be SEC related either: + +1. SEC adds more regulation and people get scared, panic, and FUD is spread. + +2. SEC does nothing, but fake news reports something that's not true (similar to how some new articles posted that "Indians bans crypto" instead of "India bans illegal use of crypto". See what that 1 word difference does? + +3. FUD with people speculating what SEC will talk about in the hearing before the hearing + + +**This is 100% speculation, but based on three thing I found/ has happened today.** + +1. https://www.coindesk.com/sec-cftc-chiefs-set-senate-crypto-hearing-next-week/ + +2. https://cointelegraph.com/news/us-sec-cftc-to-focus-100-on-crypto-in-dedicated-hearing-next-week + +3. A pre-ico I was going to invest in just cancelled the entire pre-ico (refunding everybody) and just sent this email: + +"As you may be aware, the United States Securities and Exchange Commission has been active in the crypto space lately. The SEC is the main regulator for securities and offerings in the United States, and they have been trying to clarify their approach to token sales, which of course are a new construct whose treatment under securities laws is not clear. + +Last year, as we were designing the [Pre-ico name] presale, the SEC was taking a pretty hands-off approach. However, in the past few days they have issued some statements that are very concerning to the [Pre-ico name] team and its legal counsel. In particular, in this issuance, they suggested that a token sale simply constituted an unregistered offering of securities. The SEC has been generally taking a harder and harder stance about token offerings, and it has, in the past couple of days (i.e., after the token sale started), started to look like early-stage offerings like ours are particularly at risk. + +As you know, our goal has been to use the [Pre-ico name] presale as a springboard to continue to build out the platform in anticipation of an ICO a little later this year. With the change in the SEC’s regulatory perspective, we have become concerned that this goal is at risk. It wouldn’t help the company or the purchasers in the presale if regulatory authorities come in and shut us down in the middle of building out the platform, which would result in the loss of purchaser money and not much of a product to show for it. + +We want to ensure that our community members – you – are as secure as possible. Also, as you know, one of the foundational goals of [Pre-ico name] has always been to act in accordance with regulatory requirements, and this includes not only the platform but also the token. + +**Because of the SEC’s actions in the past couple of days, our securities counsel has advised us that the risk has greatly increased. We believe this risk is now at an unacceptable level, based on the way the company and token sale is currently structured.** + +To be clear, no regulator has contacted us, but the regulatory risk of our token sale has increased, and the last thing that we want is for your funds to be at risk due to the changing regulatory regime. + +Accordingly, we have determined to refund everyone their full amount of ether that they put into [Pre-ico name] and put the sale on hold until we can be certain, with the SEC, that any sale we have will meet all regulatory requirements in spite of the SEC’s changing positions. We will continue to build out the platform concurrently with this work. When we move forward with the sale, you will be the first to know, as we would love to continue to have everyone’s involvement at that point. + +Thanks again for your support. We plan to start refunding ETH immediately and will follow up directly with whitelisted purchasers shortly after sending out this email, but with everything that we have to do to put the sale on hold, it will probably take up to five business days to get everyone’s ETH refunded. + +**Why is point #3 important?** + +The pre-ico I was trying to enter has top tier lawyers from Harvard and other reputable institutions. They may have an educated guess on what may occur (there's no way they know, but they have experience and may be able to make a better educated guess). + + +**Be prepared to buy a possible dip next week. Again, I would like to point out that all this is speculation / predicting / etc; it will be interesting to wait for next week and see what happens**. + +Thinking about buying my first property next year I'm a single guy early 30's wanna weigh my options. I can afford a 2 bedroom 2 bedroom condo in my area. However the idea of househacking is appealing I'd have to wait a little longer to be able to afford a 2-4 unit multi but that's appealing live in one unit and try to rent out the rest im not a handyman soo I would need to hire a handyman for future repairs etc. If I buy a condo ill have a mortgage and then if I wanna get into real estate investing it would be hard to qualify for a second mortgage thoughts and things I should consider? +Looking to get out of my current job and area. + +If you were a single 30M interested in investing in multi-fam units and building off that, where would you go and why? (Not limited to US) +Looking into buying a mixed use building with a storefront and 2 apartments above. The building is dirt cheap and the apartments are going to be what makes money. But I’m trying to think of something to do with the empty storefront. This is a rundown rural area and i don’t see this town ever really booming again. So I wouldn’t be able to find a long term tenant for it. + +Any suggestions? Thinking maybe about just turning it into a 3rd apartment. Maybe a small laundromat. Not sure. +Before purchasing this duplex I want to make sure I can actually afford it. + +I currently have $170k money saved. + +Duplex cost $400.000 +I can rent it for $2800 both units per month. +I haven't decide how much to put down for it, I'm thinking 15% but not sure yet. +My monthly income for me and my wife is 7k. + +Let me know if I should jump on it. +Guys I'm reading this whole 54 page document as we speak here. Just for background, I am a contract manager for one of my state's agencies. I literally read and write contracts all day at work (or at least I used to before I invested and now I mostly read superstonk and do some contract shit on the side. + +Lemme see if I can summarize: +"*The proposed rule change of The Depository Trust Company (“DTC”) is annexed hereto as Exhibit 5 and consists of modifications to DTC’s Rules, Bylaws and Organization Certificate (the “Rules”)1 to* + +*(i) revise certain provisions in the Rules relating to the confidentiality of information furnished by Participants2 to DTC,***This part just appears to be DTCC covering its ass. Apparently, they've gotten a lot of requests for confidential information and they want to make sure they aren't held culpable for anything when the SHF's go down.** + +*(ii) require that each Participant maintain confidential information furnished by DTC or its affiliates in confidence, and restrict use and disclosure of such information,***More of the same. They further define their understanding of confidentiality and they explain that it's 2-way. They'll keep Participant shit confidential and they expect the same. IF the Participant fails to do so, they have new language to get paid tendies in addition to whatever other provisions for breach existed prior.** + +For both of these, who cares, more power to you. You should have tighter language in there for breach of confidentiality anyway. +Next, here they leave out an important piece. In the filing, they go into detail about "Market Disruption Events". They specifically state "Force Majeure Event" (which is "an event or effect that cannot be reasonably anticipated or controlled" and is more often related to an event outside the control of humanity...like earthquakes and hurricanes and shit) and later a "Major Event" ("the happening of one or more Systems disruption(s) (as defined below) that is reasonably likely to have a significant impact on DTC’s operations, including the DTCC Systems (as defined below), that affect the business, operations, safeguarding of securities or funds, or physical functions of DTC, Participants and/or other market participants"). **They are clearly setting themselves up to be the victim of an "unforseen" event.** How will they take care of things in the face of an unexpected event? + +*(iii) add certain officers who are allowed to determine +that there is a Market Disruption Event pursuant to Rule 38 and***This doesn't say enough. All me to expound upon this with an excerpt from the filing:** + +***"Section 2 of the Force Majeure Rule provides that the Board of Directors may determine the existence of a Market Disruption Event and the actions to be taken in response thereto.8 + +However, if the Board of Directors is unable to convene, the Force Majeure Rule provides that certain officers may make such determination, on an interim basis, which determination is then ratified, modified or rescinded as soon as practicable by the Board of Directors. The officers that may make such determination are all senior executive officers of DTC: Chief Executive Officer, Chief Financial Officer, Group Chief Risk Officer and General Counsel."*** + +Yeah, you read that right. The DTCC Board of Directors can determine if they are experiencing a "Market Disruption Event". IF, for whatever reason, the full board cannot convene, a few "special" members can call it by themselves and a committee will meet later to talk about if it was the right call (after the fact). Those few members with special powers are, the DTC CEO (**MICHAEL C. BODSON**), CFO (SUSAN COSGROVE), Group Chief Risk Officer (ANDREW GRAY), and General Counsel (ANN SHUMAN). + +But how does this relate to the statement above that this filing will "add certain officers who are allowed to determine that there is a Market Disruption Event pursuant to Rule 38"? Oh yeah, I forgot to mention, for no known reason, they would like to offer this power to 2 additional, senior executive, non-board members that could make such determination if the Board of Directors is unable to convene. They are, "the Chief Information Officer (LYNN BISHOP) and the Head of Clearing Agency Services (MURRAY C. POZMANTER)". **It should be noted that Lynn Bishop and Murray C. Pozmanter serve on the**[**Management Committee**](https://www.dtcc.com/about/leadership/management-committee)**with Michael C. Bodson, Susan Cosgrove, Andrew Gray, and Ann Shuman.** Think they have enough people stacked to pull the trigger without opposition? + +*(iv) add a new Rule 38(A) to address situations in which it is necessary to disconnect a Participant, or third party service provider, or service bureau due to an imminent threat of harm to DTC, Participants and/or other market participants. Each of the proposed changes is described in greater detail below."***This part goes into how they will react to a "Major Event" that would necessite the use of the newly proposed rule (38a), the "Systems Disconnect Rule".** + +*"The proposed rule change would add a new Rule 38(A) (****Systems Disconnect: Threat of Significant Impact to the Corporation’s Systems****) (“Systems Disconnect Rule”) that would address situations in which DTC determines it is necessary for DTC to disconnect a single or limited number of Participants, or third party service providers, or service bureaus used by Participants to connect to DTC9 (collectively, “DTCC Systems Participants”) from DTC’s systems or network due to an imminent threat of harm to DTC’s or DTCC’s systems. The imminent threat could be the result of a system disruption or cyber incident applicable to the DTCC Systems Participants. This would allow DTCC to work with the affected Participants while protecting DTC, its systems and its other Participants."* + +*"The proposed Systems Disconnect Rule would allow DTC to mitigate the effect of such events by facilitating the continuity of services****(or, if deemed necessary, the temporary suspension of services)****. To that end, under the proposed Systems Disconnect Rule, DTC would be entitled, during the pendency of a Major Event, to (1) disconnect a DTCC Systems Participant’s systems from the DTCC Systems, (2) suspend the receipt and/or transmission of files or communications to or from the DTCC Systems Participant to the DTCC Systems and/or (3) take, or refrain from taking, or require a DTCC Systems Participant****to take or refrain from taking****,****any actions that DTC considers appropriate to prevent, address, correct, mitigate or alleviate the Major Event****and facilitate the continuation of services as may be practicable and, in that context, issue instructions to the DTCC Systems Participant."* + +*Finally, the Systems Disconnect Rule would address certain miscellaneous matters including (i) a limitation of liability for any failure or delay in performance, in whole or in part of DTC’s obligations under the Rules, arising out of or related to a Major Event, (ii)****a statement that the power of DTC to take any action pursuant to the Systems Disconnect Rule also includes the power to repeal, rescind, revoke, amend or vary such action,****(iii) a statement that the powers of DTC pursuant to the Systems Disconnect Rule shall be in addition to, and not in derogation of, authority granted elsewhere in the Rules to take action as specified therein, (iv) a requirement that Participants shall keep any DTCC Confidential Information (as defined below) provided to them by DTC and/or in connection with a Major Event confidential and (v) a statement that in the event of any conflict between the provisions of the Systems Disconnect Rule and any other Rules or Procedures, the provisions of the Systems Disconnect Rule would prevail."* + +So what does all of this mean? It means that DTC(C) has the ability to determine for itself if it is experiencing a "Major Event" that would require either the BOD or any specifically appointed person to step into "oh shit" protocol and enact the Systems Disconnect Rule. On the surface and in the name it sounds like they will simply sever ties with a bad Participant (like Shitadel) and prevent their systems from interfacing. I'm not sure what that means in relation to the MOASS but I'm assuming the MOASS is the "unforeseen, Major Event". It also says that DTC(C) can take steps to shut shit down ("**to take or refrain from taking, any actions that DTC considers appropriate to prevent, address, correct, mitigate or alleviate the Major Event**"). + +So I have to ask, it's always been said that the shorts have to cover and that when they've been run dry the DTCC is their insurance policy and must make good on outstanding debts and then if they get run dry, the Fed steps in to complete the job. This filing is 100% non-arguable that the DTCC is putting the world on notice that it has no intention of picking up defaulted/bankrupted/liquidated HFs' bags so where does it actually state that they HAVE to. I want to read the legal language so that I can feel confident again that this isn't the DTCC winning by saying "Fuck you, if shit hits the fan I'm cutting all ties and then you get whatever scraps you can get off the Shitadel (et al) carcass". + +--- + +***This is not financial advice!*** +*This post was **anonymously** submitted via **[www.superstonk.net](https://www.superstonk.net/)** and reviewed by our team. +Submitted posts are unedited and published as long as they follow r/Superstonk rules.* +How does everyone keep track of their updated/lowered basis after a few cycles of CCs? Is t here some feature in the brokerage app that can help track this, or does everyone do it on the side? I use Fidelity, FWIW. +(Lets say) I wrote a Put on NFLX at 190 ($0.15) and bought another one at 185 ($0.10), both expiring 7 Oct. + +As this is a Long IV trade, would I still get the full Credit of $5 after NFLX closes at $230 on 7 Oct, even though the IV change is (lets say) +99%. + +Sorry if this sounds like a dumb qns, total noob here😅 +Has anyone on here ever sold Covered Puts? I've been wheeling options a lot lately but am looking for a hedge. With the high IV on some garbage meme stocks, I'd love to bet against the underlying and the WSB Apes while also collecting premium. + +It's hard to find much data online for Covered Put writing. I'm assuming that's because it's just far to risky for most as you must be short 100 shares to do so. + +As an example, I'm tempted to short 100 shares of AMC and then sell weekly OTM puts. If the stock doesn't move I collect my healthy premium, if it drops and my OTM put exercises then my shorts are bought to close for a profit in addition to keeping the premium, and if the Apes push it to a new ATH... Well then I have some epic loss porn to share. + +This would only be a small piece of my portfolio and only if I like the setup. I could also buy an OTM call a month or so out to cap my risk almost as a diagonal spread. Of course, this would eat into my profits from the weekly put writing. But it would let me sleep better at night knowing what my max loss is. + +&#x200B; + +Would love to hear some thoughts or results from someone who has done it before. +Having being burnt by theta maybe a desire for revenge brings me here. I’m ready to learn and improve. Can someone wisen me up to this groups key game plans? +I’ve been trading for about 6 months and got tired of treating my account like a slot machine. I’ve been playing with cheap stocks with high IV and I’m not sure if it’s a foolproof plan, or I’m just getting lucky and I’m going to get burned. For example, paying $5.25/share for TELL lets me sell 6/18 5.50 CCs for $0.48, or ~14% return assuming it expires in the money. Worst case I end up with the shares at a 10% discount. + +Is this common? Are these numbers not that great maybe? I feel like compared to a $20 stock with similar premium this is a much higher return. Again pretty new to the market and I don’t know much about making money, aside from winning a lottery or slaving away for an income. +I'd like to own BCYC, Bicycle Therapeutics ($45.26), and was wondering if selling an OTM put with the possibility of being assigned is the way to go. If I don't get assigned a collect the premium, if I do, I own a stock I want. Thoughts? Which strike should I look to sell if I were to? +Finally jumped in to try the wheel on a few tickers using the thetagang strategies. One of my CSPs has already returned 35%. + +So I'm wondering- for those that BTC the puts sold, rather than wait for expiry or possible assignment, at what % return are you happy to take the premium and start another position? +Hello Future of UltraArmy!! + +**Huge News Dropping This Week!! Riding the recovery to 100x! Bullrun right now! 💯 +[How to Buy Right Now - Click Me!! 🚀](https://cdn.discordapp.com/attachments/844221520778625085/853692414588616774/video0.mp4) +** + +Welcome to **UltraSafe** where **37,000** holders & counting have already understood the Value of UltraSafe. Crypto’s current **Coin of the Future** is looking to be a **dominant** currency with use cases **WorldWide**. Let me be frank, you do not wanna miss out on our **Bull Run**!! + +The **Safest Token on BSC**, UltraSafe is **Fully Rug Proof** with its **Contract Ownership Renounced**. It currently has two audits completed by **Solidity & Certik** with a **3rd** currently in the works. UltraSafe has its **Liquidity Locked for 79 Years**, higher than other tokens on the market. UltraSafe has corrected vulnerabilities that would allow a rug pull still in other “safe” tokens. We are truly, UltraSafe. Developers have been **Fully Doxxed** to proper entities. Full Public Dox down the line. + +UltraSafe provides you with **Passive Income** through its tokenomics. There is an 8% tax that **reflects 4% back to holders** proportionate to what you hold. The other 4% is sent to locked liquidity to **Exponentially Decrease Impact Selling** has on our price. This helps to **prevent Pump & Dumps** & **encourages Whales to hold**. + +Future plans including but not limited to : **dApps, NFTs, UltraWallet, UltraExchange, Merchandise**, More **CEX listings** and more **AMAs. Influencer and Social Media based marketing** is currently being **ramped up**. Billboards, Planes, Times Square advertisements are currently live & about to be everywhere. An **Animated Website v3** is soon done and live. **LLC** near completion. + +**Currently the best token to ride up with the crypto recovery. Come make some money with the UltraSafe community!!** + +Important Links : +[UltraSafe Website](https://ultrasafe.finance/) - +[Coin Market Cap](https://coinmarketcap.com/currencies/ultrasafe/) - +[Solidity](https://solidity.finance/audits/UltraSafe/) - +[Certik](https://www.certik.org/projects/ultrasafe) - +[Discord](https://discord.gg/hy54dHhjvk) - [Twitter](https://mobile.twitter.com/ultrasafebsc) - +[TeleGram](https://t.me/UltraSafeOfficial) - [Reddit](https://www.np.reddit.com/r/Ultrasafe/) - +[BscScan](https://bscscan.com/token/0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a) - +[FaceBook](https://www.facebook.com/groups/503406880704284/) - +[StockTwits](https://stocktwits.com/symbol/ULTRASAFE.X) - +[Most Recent AMA](https://m.twitch.tv/videos/1036054617) - +[irst Live AMA](https://youtu.be/FcyQYBk4wU4) - +[CoinGecko Listing](https://www.coingecko.com/en/coins/ultrasafe) - [DexTools](https://www.dextools.io/app/pancakeswap/pair-explorer/0x48bac97d5e3116626a56704be7399e1cb593a945) +Given safemoon's rise and fall, a new coin launched called safermoon. It only launched about 3 days ago, no presale and already a few burns for little milestones being met. It was audited by bsc gemz ( @bscgemz ) on telegram on top of that LP tokens were burnt meaning there's no chance for a rugpull. It makes it safer than all these "safe" coins the team behind it is currently working to reach out to tiktoker's and marketing in in other ways. The first day was crazy, we saw 100 Bnb buys and a quick spike in price from the fomo, it's settled a bit to make it a great time to grab yourself a nice bag. + +https://bscscan.com/token/0x38b5cc18a8ab19d87cd8248a9155dfd442ca321c?a=0x000000000000000000000000000000000000dead + +Coin burn so far: https://bscscan.com/token/0xa656f993bd14b2b59a28d1e610476ad18849b107?a=0x000000000000000000000000000000000000dead + +Pancakeswap link 12% slippage: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xA656F993bD14B2B59a28d1e610476AD18849b107 + +Website: safermoon.net + +A contest sponsored by creators of other projects: https://twitter.com/nickelsspitting/status/1388355055066263560?s=21 + +Other big names tweeting about it: https://twitter.com/casperdefi/status/1388238542455906304?s=19 + +Anyways check it out, and be safer than safe. + +https://t.me/safermoonofficial +https://twitter.com/safermoonreal?s=09 +I just finished reading Crash of The Titans by Greg Farrell which brings the reader through BOFA's acquisition of Merrill Lynch. I specifically enjoyed how it wasn't totally pop-finance like Michael Lewis but it still was an enjoyable narrative / not too dense. + +Does anyone have any recommendations for any similar books? + + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +> Helping you boost your financial wellbeing is important to us. That’s why one of our Personal Banking Consultants will be in touch shortly, inviting you to a one-on-one financial discussion. + +I'm pretty comfortable with my financial situation right now. I'm wondering whether anyone else knows what kind of services this person is going to provide. + +I know my day to day spending, I have my emergency fund for the day to day and I know my financial goals in the long term. Is there any service they can actually provide me that's would be valuable? + +Thanks y'all +Hi everyone, + +I want to preface that I'm rather clueless when it comes to taxes, so I apologise if this question is silly! + +I work part-time as a subcontractor and have gotten a tax agent (Hnry) to pay my taxes as I go - my pay goes straight to them and they calculate my taxes and also charge a 1% fee. I spoke with them prior to a lodgement of a PAYG installment (the first one they lodged for me) and they mentioned they had done it already (prior to the due date) - this conversation was a week before the due date. + +I decided to check my MyGov account tonight. I got a message from MyGov that it was lodged 2 days after the due date. I also recently got a letter from the ATO with a penalty warning for not lodging it on time. + +I wanted advice if this is a cause of concern (?). I've contacted them* directly to clarify, but I thought I'd get second (and hopefully unbiased) opinions. + +Thanks so much! + +ETA: By contacting them* I meant my tax agent. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +WSB, + +I suck dicks for a living from my home. You can call me a "professional faggot" if you want I guess, but I would never label myself that way, I'm just someone who's managed to survive his autistic journey and make it to the 'consistent dick-sucking' stage. For transparency sake, I'll say this right now, I'm not straight. I'm 24 years old and my liquid assets total only around 600 tendies. I keep a modest dildo collection of 260 and withdraw any rusted cocks at the end of the month over that number. I've survived my faggot journey and I was able to achieve consistency using my 260 dildos to pull out 100-110 dicks per year from my ass. It's not a huge amount and I'm sure many of you store more dildos than me, but with my 100 tendies allowance I'm able to live comfortably, provide for my autistic children, and spend 3 hours per day 'working' and the rest of my time doing activities and hobbies I enjoy (sucking dicks). I go rimming a lot. My tendie asset size grows every year thus slowly but surely I take more and more dicks with each new year. I increase the amount of dildos I allocate for anal self-stimulation (how many dildos I can keep in my asshole) by 5% every 6 months or so. + +Not too long ago (maybe ~5 years back) I was once like many of you. I had a tiny dick, and I blew homeless guys in back alleys hoping for big black cocks and once in a while sucked a few good dicks but it seemed like I always ended up sucking AIDS-ridden lepers for 50 cents a pop to make ends meet. For some reason back then I could never achieve consistency. + +I would suck dicks based off ads in dirty bathrooms or what other people told me, I would suck dicks based off free drinks or the promise of a Big Mac, I would cup the balls, but my methods were always random, and as a result my consistency was always random. + +I'm writing this post because a week ago I decided to visit WSB again for the first time in a very long time and see what was going on. I was seeing faggots making the same mistakes I used to make, having the same issues I used to have, people taking micro dicks with chlamydia, and for what? There's no reason any of you should suck sub-par dicks if you can take the time to plan and learn how to suck them properly. + +Here are a few things I learned over the years that helped me achieve dick-sucking nirvana and that could help some of you out as well. + +1. Always cup the balls. Why would you ever suck a dick without cupping? That's your shield, your one and only defense against the millions of faggot whores out there trying to take your money. Your ball-cupping should be wide enough to fully grip the entire sack, but tight enough that should your man begin to convulse with pleasure you can keep a tight grip. It hurts when you're sucking that dick and he just won't come, but more often than not, your ball-cupping will get you out early if you're pressed for time. Remember Lance Bass, for example? Because of well placed ball-cupping I was able to convert him from semi-straight to fully gay. **I cupped his balls based on the length of his balls and sack. Multiply testicle length by 2 and use that as your primary cupping width.** If sack length goes more than 300% beyond testicle length (typically this will be 100-200% for most 'normal length' cocks) there's no need to baghold the testes, just cut it and move on to the next one. + +2. Learn how to take a dick like a fucking man. If a faggot ever tells you he's never sucked a dick - RUN. Run as fast as you can in the other direction. They're bullshitting you. No dick is perfect, and you will taste bad ones, exactly in the same fashion that a butcher has to pay for his meat, or a farmer has to pay for seeds. However your good dicks will outnumber your bad dicks vastly if you learn to cup balls early and let winners run (using a trailing stop of course). + +3. This is the most important one. Relax the jaw to deep throat. I want you to think about a snake. There’s a saying that “if you want to suck a dick like a champion, you need to guzzle that shit in the back of your throat.” This has a lot to do with practice. A dick won’t fit every single time, every now and then you'll have to surrender to a customer who won a genetic jackpot, had a couple Viagra pills, or forgot to groom his giant bush. **But a dick-sucking faggot is an extremely profitable business, so where’s the money come from? Well it comes from deep-throating. A faggot doesn’t need to deepthroat every time to make money, it just needs to deepthroat most of the time** - say 55-60% of the time. This means that across a large enough sample size, across all the faggots, a faggot whore will still come out on top, because their edge in deep-throating allows them to keep more profits than they lose. Your dick-sucking should be meticulous and consistent much like OP's mom. You chose an edge (whether it’s licking the tip, tickling the balls, or swirling your tongue) that you know gives you a high probability of winning, and you take that edge, **with the same exact position size and entry method every single time. If you are disciplined enough to do this, and if your deep-throating is truly an edge in dick-sucking, then you will see a slowly increasing customer base.** You will lose some customers, but across a large enough sample size, doing the exact same sucking with the exact same position over and over will result in consistent and reliable profitability from the faggots. + +4. Take on the right dick size. Aim small, miss small. **One of the biggest mistakes new faggot whores make is taking on dick sizes too large for their mouth and throat.** Think about it, would you rather suck 10 NBA player dicks for $5,000, or 10,000 normal-sized dicks for $100,000? Sucking 10 NBA player dicks for $5,000 leaves no room for error. It’s all or nothing. Every dick that goes against you will cause an emotional response that can cause you to abandon your plan and bail out of a good dick-sucking early. Meanwhile, sucking smaller dicks for less money per dick to get the $100,000 account is stress-free because your dick size is small compared to those gargantuan 10-inchers, and if the dick is disease-ridden you are not affected as severely by the loss. Remember to choose your dick size appropriately so that as discussed above, your edge in deep-throating has enough time to work itself out over a large sample size. **The last thing we want is you to vomit on a famous dude's dick because it's too huge.** Recommended dick sizes differ with every person, I have seen people trade with extremely conservative numbers such as 4.5 inches of total dick per faggot, all the way up to the bigger risk takers staking 6.5 or 7.5 inches on a single dick. Do the math and figure out what dick size works best for your situation. + +5. Always collect cash up front. Before you even think about locking yourself in that back room, you should already know 1. Why you are sucking this dick? 2. Is this a rational reason to suck this dick and does it yield a high probability of cash pay? 3. What is my entry strategy, am I relaxing the jaw first and going straight for the deep-throat or cupping the balls, or both? 4. Does this dude have any warts or open sores around his shaft? 5. What will be my cash-taking strategy, and how much do I expect to make off this sucking? Will I collect it all up front, or do I trust him with half? At what length of time will I give up finishing him? Dick-sucking without a plan can have devastating effects and introduces human emotion and impulse into the equation. When it comes to sucking dicks, human emotion and impulse are two extremely detrimental things. If we blow dudes with a pre-determined plan we limit our chances to horrible STI situations and poor dick experiences. + +6. Don't over suck. Sucking too much can hurt you more than you know. As faggots it’s crazy to think that realistically, 70% of our day is spent waiting for pants and briefs to unfold, and 30% is spent actually initiating the dick-sucking, deep-throating, or cleaning up the cum. Some days we don’t take any dicks because we don’t see any good dicks in the field. **Your best chance for success is to pick 2 or 3 frequent customers and wait patiently for them to show themselves on your doorstep. If you don’t see a good dick you like, don't accept the offer, simple as that.** And when a good dick setup does occur, you should already have a plan for how you’ll be sucking that dick. **Dick-sucking should be boring like factory work. If you want entertainment or thrills, go to Disneyland.** + +7. Your job as a faggot should be first and foremost to protect your mouth and throat from possible damage and loss, only once you have done that can you begin to think about making any money in the dick-sucking market. If you end up remembering just one thing after reading all the information, please remember this quote: “Amateurs focus on slobbering giant knobs. Professionals focus on taking average dicks with perfect form.” + +Over the past few years I've literally done the same dick-sucking setup over and over: The Marilyn Monroe executed on Daily or Weekly sucks. Mastering my setup and taking it with the exact same dick size every time, the same deep-throating, and cash pay up front has allowed me to see a steadily rising revenue curve with only the minor draw-downs due to my infatuation with dildos and tendies. If your 1 chosen setup doesn't appear in a customer, just don't suck that day. You don't have to suck dick every single day to be a successful faggot. + +Suck dick with the same amount of effort each time no matter how confident you feel "this time" or how good the shaft looks right now. Chose whichever setup works best for you, I personally use the Marilyn Monroe and do it over and over again. If your setup is truly an edge in customer satisfaction you'll see a steadily rising revenue curve over time, and you too can achieve dick-sucking nirvana. **Remember: Ignore the homophobes and follow the money.** + +If you want a good book or two to read, these 3 have helped me vastly in developing myself into a consistent faggot: + +Ball-cupping for Beginners - Mark Douglass + +Disciplined Sucking - Mark Douglass + +Mastering the Deepthroat (2012 version not 2005) - John F. Carter + +I realize many of you are on a budget or just starting out your faggot journey, you can easily find Mark Douglass' books for free in PDF form online. John Carter's book is around $40 on Amazon, but it is easily worth it's weight in tendies. + +Good luck. + +Edit: Buy NVDA +https://www.bloomberg.com/news/articles/2020-03-29/mortgage-bankers-ask-sec-to-save-them-from-wave-of-margin-calls + +Not sure if links are allowed, but I thought this was an interesting article. +Full quote wouldn't fit in the title, so here it is: + +> Let’s put it this way. When you place a bet in the market, you’re never just betting on the future of the company you’ve bought or shorted, although this is how it is often cast. Rather, you’re betting on the misalignment of the average investor’s perception of that company’s future with its actual future; that is, you stand to profit only to the extent that the current valuation of the company is “wrong.” + +>As such, you’re really placing a double bet, in the sense that you’re betting on two very separate things, each of which is extremely difficult to predict at all, much less quantify. The first has to do with the future of the company: how will its revenue flow change over the next few quarters, or over the next five to ten years? How big can this company really get, and why? That sort of thing. But the second, very separate aspect has to do with other investors: to what extent do people over and underestimate the potential of this company, and why? + +I think that people miss out on this fact far too often. Just because a company is going to be wildly successful in the future does not mean that it's a good investment. To make money by picking individual stocks you not only have to predict where the company is going (which is hard enough on its own), but you absolutely have to know where the market is *currently pricing* the company to go. + +Let me illustrate with an example. Let's say that there is a company, we'll call is Alset. This company is revolutionizing the its industry, and because this is a hypothetical and we've got a crystal ball, we know that the company is going to take 100% of the market share of its industry. Because of this, we know that it will make $100 billion in the next ten years. Now at this point there will be many people jumping in and saying "I believe in this product and what they are doing to the industry, I know they're going to crush it so I'm buying!" + +The problem is, though, that you didn't look at the price tag. Let's say the market was pricing this company at $200 billion. We know the company is only going to make $100 billion, so obviously this is a bad deal. The people with industry knowledge didn't do a valuation though, so they have no idea that despite the fact that they are dead on about the stellar future performance of the company, they are still going to lose a bunch of money. + +This works on the flipside too, sometimes shitty companies can be selling at prices so low that you still make money. This is the "cigar butt" investing that Graham is known for. He wasn't looking for great companies, but rather misalignments between investor perception (and therefore the market price) and the real value. + +This is the reason that you can't beat the market based on "buy what you know" alone. You need to know the company/industry AND know how to do a valuation to see what the market is assuming. + +Thanks for reading. + +*** + +EDIT: To be clear, this post is about trying to beat the market by stock picking. + +Quote is from http://briefdefense.weebly.com/, the story of a med school student who took a job on Wall Street. It's a good read if you've got half an hour or so. +Before Amazon announced its new HQ2 location in Arlington, my fiancee and I were considering the newly dubbed "National Landing" neighborhood to rent in after we get married in January. Our lease in DC is up in June. We had liked the idea of getting another bedroom or two for the same price as our walk-to-work 1BR and the lower VA taxes were also attractive (at our income, VA's lower taxes could net us $15k+/year). We thought that we would rent for another 3-4 years before looking to buy. + +With the HQ2 announcement, some prognosticators are predicting that housing prices will rise swiftly and we're worried that we could end up being priced out of Arlington/National Landing if we wait to buy. We're also concerned about being on the outside of a great booming housing market near HQ2. I'm curious what the wisdom of FIRE is on this. + +Here are a few thoughts on the topic. + +\- Apartments we are considering are currently renting in the $3k/month range, although we shall see what Amazon's announcement does to those rents between now and this summer. That's a lot of money to spend on rent but, with our work hours, the convenience of high-amenity buildings and location (quick commute) are valuable. + +\- Houses/townhomes we are considering are in the $8-900k range. Again, the arrival of HQ2 may push prices up, so we'll see where the prices are in a few months. + +\- We have not owned before and we generally prefer investing in the market (passive) over RE investment. + +\- If we bought now, we would essentially be buying more house than we need now with the hope that in 5+ years, when likely would need more house, we would have locked in our housing at pre-HQ2 prices. + +\- I am considering taking a lower paying, less stressful job within the next 1-2 years that would lower our HHI to approximately $300k/year. + +\- Our FIRE objectives are more about the flexibility of FI than the complete freedom of RE. We both intend to keep working at least another 15 years. + +**Information about our combined financial situation is below.** + +Cash on hand (checking + savings) = $70k + +CC debt = $-8.5k (we pay off monthly) + +Taxable = $72k (80% FZROX/FZLIX in 75/25 ratio; 20% FXNAX). No capital gains. + +401ks and IRAs = $140k (80-20 in comparable funds to taxable) + +529 = $15k + +Annual income (base salary plus expected bonus) = \~600k/year, depending on bonuses. About half of our comp is paid in year-end bonuses (\*knock wood\*) and if we were to buy we would keep our bonuses in cash for the downpayment instead of plowing them into our taxable accounts at our asset allocation. + +Annual expenses = shy of $100k. Still working on effective tracking given time demands at work, many reimbursable expenses due to work travel, and not-yet-merged finances. As detailed in an earlier post, we started our current jobs with a combined $-400k+ in student debt. We killed that within 2.5 years and are now working on building our 'stache. + +&#x200B; + +ETA: Thanks for all the thoughts. There's a lot to consider here and your perspectives are great. +**ZACKS** + +**TLDR** + +* They make a ton of recommendations. Many products underperform the market +* Their annual Top 10 list did great in 2021 but not 2022, but you pay for it at $3600 per year. You can get a base subscription for $249/yr for just the stock screeners which is reasonable, though many are baked into Fidelity’s platform for free. +* Their stock screeners are great for finding stocks, especially the VGM and Zacks Rank #1 screener. But to do it right, you need to spend 5hrs a week on it seeing what’s new. + +Zacks offers a couple dozen different lines of stock picking services plus a few dozen different stock screens. It’s quite overwhelming actually, but also a bit addictive to pour through them to find some good stocks. I found most of their services don’t outperform the market or have so many stocks in them it would be a full-time job to buy and manage them. + +For most of the screeners, the time it takes to vet them and look at each of the 50 plus stocks in each is too much of a time commitment, but looking at the first few in the list gives some ideas of what is working.I started just looking at the recent additions to see if there were secular trends and that helped. + +I tried out some of their healthcare picks with mild success: I was going to share the names but the bots on here blocked them because they are under 300M market cap. One was bought out for 40% over purchase price. One went up 6X. Two fizzled down -70%. If you want the names DM me. + + +I did OK using the value, growth, and momentum stock screener but I really had to spend a lot of time separating out the good ones and figuring out what was recently added, which they don’t tell you. If you get them too late, the move has already occurred and you will likely see the stock correct quickly. + +A few gems I traded from their list around March of 2021 included SEM (health clinics), DAC (container shipping), BERY (financial), and MT (steel). My target was +100% for each and I made that within a year of buying for each. I bought options. HOLX was an exception. I lost -15% on that pick, though it was mostly due to the fact it soared high from COVID revenues and then sold off quickly as the vaccines rolled out. It’s since back to slightly above the purchase price. + +**Zacks Top 10 Stocks of 2021 -** their premium offering and associated returns. I did not buy all of these - only SPSC and PWR. But I did track them all in a watchlist. + +* **Percent Winner Rate: 90%** +* **Avg return: 48%** +* **SPY Return: 30%** + +AIMC (transmissions) 2021 +Return: -6% +Return To date: - 23% + +SPSC (supply chain mgmt solutions) +2021 Return: +31% +Return to Date: +15% + +APTV (vehicle parts) +2021 Return: +28% +Return to Date: -15% + +PWR (energy generation consulting services) +2021 Return: +64% +Return to Date: +107% + +IAA (online vehicle sales) +2021 Return: +46% +Return to Date: -41% + +WSC (storage units) +2021 Return: +72% +Return to Date: +84% + +Macy’s (clothing retailer) +2021 Return: +144% +Return to Date: +76% + +GDDY (domain registration) +2021 Return: +3% +Return to Date: 0% + +ZBRA (tech, sensors) +2021 Return: +54% +Return to Date: -7% + +ULTA (beauty stores) +2021 Return: +46% +Return to Date: +38% + +**For 2022’s top 10 stocks,** the advice has not been quite so good, but the year isn’t over yet. I didn’t buy any this year because I was short on the market, but I have been tracking the performance to see if they can match what they did last year. So far, not so good. + +* **Percent Up Since Rec: 20%** +* **Avg Return of Rec: -8.8%** +* **SPY Return: -10.3% as of time I drafted** + +&#x200B; + +**2. LEVELFIELDS** + +**TLDR**: + +* Event-driven alerts work and I like that the success rate is visible on the website +* There are a lot of alerts you can subscribe to, so it’s best to choose one of their lower volume, higher performing strategies to avoid opportunity overload +* It’s good at finding high shorter term returns with high success rates +* For the biggest companies (AAPL, TSLA, etc), my news alerts arrived faster. For those under 100B market cap, it's very helpful. +* Price is 228/yr but their emails of a big update seem to be hinting a hike is coming soon + +**Winning Percent: 79%** + +**Avg Return/Trade: 23%** + +I’ve been using an event-driven research system called LevelFields for about a year now. It was a little rough around the edges in the early days but has gotten much better over time. It’s good at identifying news events early that drive stock prices up and down, often from direct announcements from companies. It shows stock patterns following events, which is cool, especially for the negative events so you can see how far the stock will probably fall. + +They effectively filter the noise out of the news and just focus on a couple dozen event types that really shake stock prices: hedge fund investor moves, layoffs, shorts, FDA approvals, leadership changes, Amazon new product launches, and a couple dozen other types. Unlike the technical pattern alert systems out there I’ve seen, it focuses on real news, which I like, as I feel pattern trading is often a lot like staring at clouds and making shapes out of them in your mind. + +For the big companies everyone watches, they don’t beat news alerts. But for the bulk of the companies you’ve never heard of or have forgotten about, it flags a lot of opportunities and companies on the rise. + +Most of the time I trade with the information. Sometimes I use it to find stocks for longer term plays. Like Zacks, they put out a lot of opportunities so any analysis here is going to be biased by what I’m choosing to act on. But they publish the success rate and show all past alerts so the past performance is embedded in the platform under each strategy, which is nice. + +The winning rates for their strategies range from a high of 90% to a low of 50%, with most in the 70% range. You can alter the outcomes by adjusting the filters for the types of stocks. I don’t like to buy commodities and microcaps generally, as the prices fluctuate too much on factors beyond the company’s control, so I filter those out. + +Lately, I’ve been trading on their layoffs scenario, which tracks companies firing people. If you filter for just expensive stocks that are firing people to grow earnings, you can get to 80% accuracy in price prediction. I’ve noticed some events cause the share prices to pop right away, so I often wait for the first selloff before entering the trade. + +**Here are the alerts I opted to act on and how they turned out**. I’m noting hold times since it’s not a buy and hold forever system though I supposed you could for some stocks. + +10.21.21 - Qualcomm. Return: stock rose +50% in 1 month. Traded options for +300% gain. +11.11.21 - Northern Gas (NOG). Return: +45%. I held for 5 months. +12.9.21 - CVS. return: +60% in 1 month (options) +11.18.21 - BLDR. Return: +67% in 4 days (options) +12.04.21 Signature Bank SBNY. Return: +16% in 1 month. I then traded a couple more times on it as it was doing well until the Crypto crash. It holds a lot of staked Bitcoin. + +12.6.21 Silicon Motion (SIMO). +25% in 2 months. Still like this semi and will buy back. They do memory chips and had been killing it. It was hard to find a cheap semi at one point but this one always traded at a reasonable p/e. + +12.9.21 Labcorp (LH): +8% in 1 month but I held it too long and exited down -10% due to covid rates dwindling and testing volumes decreasing + +12.15.21 - Broadcom (AVGO). Return: 0% Sold off when war started. +2.3.22 - Quest (DGX). Return: +50% in 1 month via option trade +2.15.22 - Upstart (UPST): Return: +30% on options in 1 week. I had owned this stock already and was trading it off and on for about a year.. + +2.17.22 Blocked by mod bots from showing: +50% in 2 days +2.24.22 - ALSN (Allison Transmission ). Return: +8% in 1 month +3.11.22 - Applied Materials (AMAT). Return: +4% in a week. +3.17.22 - Lockheed Martin (LMT): Return: +70% in 3 weeks (option trade on news Germany was buying planes) + +3.17.22 - CMC Steel. Return: +10% in 1 month + +3.31.22 - LGVN. Return: +20% in 1 day. +5.9.22 - TWTR. Return +100% on puts in 1 mo. This was the “Elon will back out” trade a big hedge fund was betting on, so I joined them. A short would’ve worked too. + +5.24.22 - Digital Ocean (DOCN): Returns TBD. Up 8% on equity but I’m selling covered calls for an extra 20% annually. I really like this company. It’s like a mini AWS that is more cost effective for small businesses. + +6.15.22 - Space company. +50% in two days + +6.24.22 - Digital Turbine (APPS). +31% in 2 months. I think this was mostly luck given the timing of the bear market rally. + +6.28.22 - Alibaba (BABA). -30% on options in 3 weeks. Can’t seem to get a break on BABA. + +7.14.22 - Pinterest (PINS). +30% on hedge fund moves + +7.27.22 - Mining company. return: -10% on option puts. Still puzzled why the stock is up. + +7.28.22 +4% and holding. They are one of the only medicines for monkeypox. +8.12.22 - Peloton (PTON). +10% in a day on its layoff news + +8.15.22 -3%. It makes solar cells in China and is growing revenues by triple digits. + +&#x200B; + +**3. THE FOOL** + +I resisted trying out the Fool for years because they wrote so many articles and ads touting their stock picks that I assumed they had to be full of it. But, when I had enough money in the account, I decided to try it out and see if they maybe could save me some time finding stocks early or if they were the cause of certain pump and dumps I was watching. + +**TLDR**: + +* They pick good, overvalued growth stocks but they don’t try to time the market at all because they want 5 year hold times, which can lead to big drawdowns while you wait +* I would’ve lost a fortune had I taken much of their advice. However, if you have a decade long time horizon and can stomach 75% pullbacks, the stocks they recommend will probably come out ahead +* They repurpose recommendations from different subscription tiers, often using lower tier recs to increase the returns of higher level subscriptions +* They make a lot of recommendations. It’s time consuming to keep up. +* Big range of prices from $100/yr to $5,000/yr and they upsell a lot + +They had a lot of subscription options to choose from that range from a hundred bucks or so a year to $5K per year. I signed up for a few of them, including their stock advisor, IPO one, and cloud innovators and small caps service. I should note that the lists they provide overlap enormously, so they clearly repurpose their recommendations and charge you more to get the same recs again and again. + +For the cloud services recommendations, I found they generally picked out solid growth companies (DOCN, DOCU, ESTC,etc) but too late, after the stocks were already richly valued. So I traded them instead of buying them. Below are the email recommendations they sent out I saved. + +**12/17/21 Buy Recommendations W/Subsequent Performance Since Then** + +Intel (INTC): -29% + +JFrog (FROG): -17% + +Procore (PCOR): -18% + +**12/14/21 Recommendations W/Subsequent Performance Since Then** + +Sell Cloudflare (NET). Return since: -41% + +Buy Autodesk (ADSK). Return since: -11.5% + +Buy Crowdstrike (CRWD). Return since: +1.12% + +Buy Docusign (DOCU). Return since: -52% + +Buy Ncino (NCNO). Return since: -35% + +Buy Twilio (TWLO). Return since:-66% + +Buy Zoom (ZM). Return since: -40% + +**I Tracked Every investment from their Small Caps Playbook List from January 2021. Here are their returns since then.** + +* **Percent Winners: 33%** +* **Avg return per rec: -25%** + +1. Redacted by mods -88% +2. Redacted by mods: +7% +3. Camping World (CWH): +20% +4. Flugenics (FLGT): 0% +5. Ad company (blocked by mods): -68% +6. Inspire Medical Systems: +14% +7. Blocked by mods: -34% +8. NCino: -48% +9. Blocked by mods: 0% + +I kept emails of other recommendations, though I admit this list is not complete since they only sent emails containing the rec half the time. The rest of the time they send you to their website to watch a 30-minute webinar of their picks in the middle of the work day, which was strange to me and defeated my purpose of saving time digging through stock screeners. I tracked from the next day’s opening price. + +**StockAdvisor** + +2.3.22 Buy ABNB. Return Since: -17% + +1.6.22 Buy Confluent CFLT: Return since: -59% + +12.20.21 Sell Healthequity. Return since: +38% + +12.20.21 Sell Biotech company (blocked by mods). Return since: -69% + +12.20.21 Sell Grand Canyon Education. Return since: +1% + +12.20.21 Sell Markel. Return since: +3.34% + +12.20.21 Sell Ollie’s. Return since: +41% + +12.16.21 Buy ROKU: Return since: -72% + +12.2.21 Buy DOCN: Return since: -48% + +10.7.21 Buy SHOP. Return Since: -70% + +10.7.21 BUY DOCN: Return since: -42% + +9.23.21 Buy UPST. Return since: -90% + +**IPO Trailblazer:** + +1.31.22 Buy Digital Ocean (DOCN). Return since: -20% + +1.31.22 Buy Confluent (CFLT). Return since: -51% + +1.31.22 Buy Roblox (RBLX). Return since: -25% + +1.31.22 Buy Docebo (DCBO). Return since: -36% + +&#x200B; + +**4. INVESTORS PLACE** + +**TLDR:** + +* Mostly recommend long-term, long shot stocks +* Best recommendations are free. Most paid recommendations are mediocre at best +* News is wrong sometimes +* They are good at spotting long-term trends in where the new money is flowing to, e.g. thematic investing (online gambling, EVs, rare minerals, etc). I derived value from seeing companies linked to these trends I may not have heard of otherwise. + +They make an obscene amount of recommendations across their blog and have many subsidiary newsletter services and promotional picks, so my tracking here is admittedly biased, as I only tracked what I ended up buying. Like Fool, they have a very long investing horizon and may end up being right…years from now. They make recommendations based on thematic trends, e.g. EVs, cybersecurity, etc. However, they also push recommendations based on events or news. + +I signed up for Matt McCall’s Investment Opportunities and followed their website recommendations. The newsletter divided up stock recommendations along long-term thematic investing trends like AI, 5G, EVs, online gambling, precious metals, crypto, data analytics, etc). + +Their basic principal is long-term investing along big emerging trends. There were about 50 stocks or so in the portfolio at any given time, but since they do long-term investing, many had been in there for years and they offered no advice on how to enter a trade they had entered 4 years ago. So I never did. + +Here are the ones they recommended as buys that I actually bought: + +**Pct of Recommendations Up: 27%** + +**AVG Return**: Not able to calculate this since I didn’t take advice to hold long term for most + +EV Maker. Return: -100% + +I purchased some call options in this EV company (name blocked by mods) because they made an announcement the company was a shoe-in to get an $8B EV supplier contract with the U.S. Postal Service. They claimed there were no other competitors that made EVs and therefore this would be a game changer for the company. I didn’t do my own due diligence, stupidly. A few weeks later, the award went to Oshkash, a defense contractor most known for making military vehicles. Oshkash[ partnered](https://www.caranddriver.com/news/a36826291/ford-supplier-usps-postal-truck/) with Ford on the contract to make the EVs. I lost 100% of my call options on this poorly sourced news piece. + + +7.15.21. Buy SWBI. Smith and Wesson: -40% since then. I sold it when there was a pop for breakeven returns after a shooting, which triggered an increase in price, sadly. + +1.4.21 Buy Chinese Pharma. Return: -48% + +The return here has not been good as of late but it was up and I’m holding anyway as this company is the gatekeeper for a lot of large Pharmaceutical companies (Novartis, AstraZeneca, Amgen) to get into the Chinese market. In my view, it was a good recommendation and was largely up until recently. + +1.21.21. BUY (Block by mod bots): Return: +100% or 0% Correctly predicted the stock would double. It did, then gave up 100% of its gains. Glad I sold it when it doubled. + +1.22.21 Buy ad company (blocked by mods). Return: -76%. My stop loss triggered at -12%. + +2.1.21 Blocked by mod bots (rare earth minerals company). Return: +32% This was a good pick. I actually bought on the rec and made about 50% from trading options and selling covered calls. I would not have known about this stock without them. I plan to buy it back at 25. They are one of the few providers of the rare earth minerals in every electronic outside of China. + +2.4.21 Buy ACAD - Acadia Pharmaceuticals. Return: -71%. Their report cited 30% revenue growth and a robust pipeline of drugs. Revenue is around 17% growth now. At one point it had doubled in value. I’m still holding. My lesson learned: trade biotechs, don’t hold them. + +2.5.21 Buy REDACTED BY MODS. Return: -60% + +Straight downhill since the recommendation. Touted as a cutting edge AI/Machine learning data analytics company I bought 100 shares. Revenues are up 50% y/y but I sold it in February 2022 for a -20% loss. + +2.10.21 Buy rare earth minerals company. Return: +69% + +Another good pick in a sector I knew nothing about prior to their recommendation. I have since sold it but was up +60% when I closed out. I will buy it again at some point when commodity prices have cooled. + +Feb 2021 Buy ILMN (Illumina - genetics company). Return since: -49% They pushed this stock hard and it tanked after each[ recommendation](https://investorplace.com/2021/08/ilmn-stock-will-be-unstoppable-once-the-grail-acquisition-gets-approved/), which made me believe it was a pump and dump job. I traded options on this one and cut losses -28%. + +2.19.21. Buy (blocked by mod bots) Return: -94% Thankfully stop lossed this one at -7%. + +Feb 26 2021 Buy FTCH (Farfetch 2nd hand clothing): Return: -85% I traded options on this one, using their[ recommendation](https://investorplace.com/hypergrowthinvesting/2021/02/farfetch-stock-buy-the-dip-in-ftch/) as the pump I dumped and made 20%. + +2.5.21. Buy (Blocked by mod bots). Return: -72%. Still holding. They offer sports gambling online and were growing revenues 75% y/ but it’s slowed to 16% growth. + +2.10.21 Buy online gambling co (blocked by mods). Return: -15%. Bought this one as the online gambling is doing well. We shall see. + +12.17.21 Buy NIO. Return since: -55%. I traded a few options on it but generally think EVs are overvalued and risky given the huge capital expenditures and exposure to macroeconomic issues. I ended up a few percent as I sold after an initial bump. + +&#x200B; + +Note: Wrote this a week ago and much of the recs I couldn't put in because of the mods banning discussion of them +All is in the title. It was 95% of my savings. Now I come here not to lament or anything, I have to deal with that shit on my own. My friends and wife (as of now...) have my trading account frozen anyway. + +I come here to remind that losing can have consequences and what got me is the infamous but very real "I'm going to recoup my losses". At first I lost on long plays, shares, i kid you not in March i sold fsly and net at respectively 24 and 18$, approx 160k down to 120 (I bought Fastly at 32 last year). + +Then I discovered options and bought monthly ATM 550c from TSLA and it visited the 400 pretty quick at that time. This got me another 40k deeper. I know today it's close to 3000 (600 post split)... + +I did some good lucky moves and mostly made it all back in the summer, but then decided for whatever reason to bet on Intel, with hindsight because there was a a series of good chip manufacturers earnings and I was on a positive streak... They did -20% the fuckers and that's when things started getting fun. I got margin called so I wired intraday more funds, it was Friday, they were immediately available and in my panic I discovered 0DTE, those funds got fucked as Intel didn't rally back much. + +0DTE was the beginning of the downward spiral that transformed a 160k loss into a 410k loss, week after week, by chunks of 25k i kept wiring to reload my day trading limit. This is basically when you MUST find the strength to stop. I kept dreaming about more multipliers "I can do x3, x5 or x10 with a good 1pm qqq buy that will end up with a hulk dildo by 4pm". This my friends is typically the exact reason your brain will defeat all your rules, your checks and you might even start lying just because you think its possible to make it back. + +I've lost everything, I don't own any property, my parents are poor and not from the US, I'm actually homeless right now but I have a good paying job in a Bay Area company. The morale of the story is that it's all fun and games if you play and stick to a small % of your savings and ABSOLUTELY don't refund your account if you take losses, denial is a stronger force than you think, and addiction to day trades is very real. I repeat, addiction is very real especially with the gamification of most trading apps (webull, robinhood, power etrade). Anyhow, I will carry over my big loss for years while my wife is going to use my savings and buy regular SPY so we can at least offset the possible gains in 10-15 yrs... + +&#x200B; + +Don't be the next me. + +\[EDIT\] I can't post the chart atm, besides ETrade app really sucks and Webull might be somewhere still but its really painful to open those apps.. + +\[EDIT2\] I know next weeks will see SPY and QQQ skyrocket with speculation on PLTR and shit exploding. But that was already the reason i kept chasing in September before the drop, the reason I chased this summer and before. There always will be money to be made on the market, but its more of a guarantee when its just shares and you hold them. I know this is straight /r/investing shit. I guess losing my saving account in my 30s made me enough of a loser to reconsider my choices. + +\[EDIT3\] I'm going to go to therapy, yes. + +\[EDIT4\] When you lose you might start making excuses like "if i didn't have to pay my student debt" or "if i didn't need to make enough money for a downpayment" you think you wouldn't have traded that risky. But it's all on you, it's all your responsibility and you stayed because you managed to make those lucky moves that actually printed and you hoped you could do it again. + +\[EDIT5\] Missing 25k due to a change of broker last year (charles schwabbs to webull), during the 5 days transfer FSLY lost 15% + +[https://ibb.co/kxPKvb6](https://ibb.co/kxPKvb6) + +[https://ibb.co/jGBQ6wp](https://ibb.co/jGBQ6wp) +I can't be the only one interested by the ratios - we've been underperformed by BTC and LTC directly for the past couple weeks, showing far less in gains and now even outdoing their losses. I find it extremely interesting we are paired with them, but there seems to be a ratio we are currently fighting on in an uphill battle. + +Any date predictions for the first movement we have clear positive independence? Say, 100% or better (BTC goes up 5%, we go up over 10%) - I think ETH is by far the most promising technology, and I believe the smart contracts and EEA will bring about fantastic changes to the financial ecosystem in the next decade. + +I'm clearly looking forward to Metro: Byzantine (later this month), I've got money in the ENS, and I know I'm not guaranteed profit in any time period. But it's still fun to guess. +I can't be the only one interested by the ratios - we've been underperformed by BTC and LTC directly for the past couple weeks, showing far less in gains and now even outdoing their losses. I find it extremely interesting we are paired with them, but there seems to be a ratio we are currently fighting on in an uphill battle. + +Any date predictions for the first movement we have clear positive independence? Say, 100% or better (BTC goes up 5%, we go up over 10%) - I think ETH is by far the most promising technology, and I believe the smart contracts and EEA will bring about fantastic changes to the financial ecosystem in the next decade. + +I'm clearly looking forward to Metro: Byzantine (later this month), I've got money in the ENS, and I know I'm not guaranteed profit in any time period. But it's still fun to guess. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +**Not a trading advise.** + +Hey there folks and congratulations if you haven’t blown up your account last week. Thanks to TA, mine **barely** survived. It is messy out there, making it very difficult to trade. Honestly, if you’re down, that’s understandable because these are not normal conditions. We just had a 12 month flash course on market behavior. What we’ve witnessed in this short time happens in the span of 3+ years, not months. + +Bright side is, we learned a lot. Through pain and punishment. Turns out those lessons are the most kept. It’s like we are little puppies. + +**So, what do we do?** + +We do what seasoned traders have been doing for decades. We understand the basics of charts and practice technical analysis. It’s gonna be a long Sunday read but I promise, it’ll be an eye-opening one for most of you. Don’t worry. Basics are super simple and I won’t confuse you with pattern terminology. + +If you’re not using these methods already, this post is going to improve the way you trade exponentially while minimizing losses if your trade begins going south. You'll be able to apply these methods on short and long term positions. + +I received a PM from a fellow Redditor yesterday, saying his puts lost half the value. I’m sure those losses would not have been this big if TA was involved. We will get it back my dude. Read on. + +**Resistance and support**. Two simple, magical words we’re going to cover today. + +You’re gonna love the story behind this trade. Perfect example of how powerful technical analysis can be. Below is a **$7K buy-in, 0tde SPY 390 call** I traded on Friday. One hundred percent based on a known pattern. + +I'd like for you to pay attention to time of entrance (**at support**) and exit (**at resistance**) then match those with order execution times which you will find on top. + +https://preview.redd.it/d2nrriswrgo61.jpg?width=1920&format=pjpg&auto=webp&s=78703c09cfc24458b1d63ddde0c022038dd1f72f + +**Back story**. Folks, I can't make this shit up if I want to. I'm two inches away from my screen, glued. Watching green candles pile up over support, printing...On the way to 390 resistance. I know if it breaks, we're going 391 easy..Last I saw was 389...Goddam power flickered, caused a reset on my modem. Panic sunk in. + +About 45 seconds later, connection came back. I remember I kept saying please be above 390...please be above 390....I knew as a fact, when it hits that major resistance at 390, there's a fat chance of rejection, sending my greens to red in matter of fifteen seconds. + +I saw 390.12 on screen. Smashed sell. Could've been a good trade gone wrong. My original plan was to sell half at resistance and sell the other half after a possible break out. Slightly above 391, those contracts were going for $1.50 per. + +&#x200B; + +https://preview.redd.it/d0f493b8sgo61.jpg?width=519&format=pjpg&auto=webp&s=61db8ae9c9f115ae33f5aacfbfd8f24e7cc3ddda + +Let’s step away from day trading, apply support and resistance basics on longer term charts. After all, you need to be mentally unstable in some way to even consider day trading. + +We’re gonna take General Electric as example. Starting with it’s 6 month chart, then zoom into weekly. + +On **October 10th 2018**, GE closed at what seems to be a random, insignificant price. $13.28. + +On **February 12th 2020**, it hit $13.26. Failing to close above $13.30 once again. Think about it. After millions of trading volume and after 16 months, it touched the same number and traded down the following days. Crazy accuracy, couple cents. + +&#x200B; + +https://preview.redd.it/3tumqvxssgo61.jpg?width=1532&format=pjpg&auto=webp&s=06512087a5ea457dabb354960c24c5d548f495e2 + +Clearly, what seemed to be chaotic, random price action is not chaotic and random. It follows rules and order of it's own. Just like everything else around us. + +Stay with me. + +**Drawing bearish and bullish channels** + +Here's the GE weekly chart. Each candle represents one hour. + +https://preview.redd.it/pwxrsx91ugo61.jpg?width=1532&format=pjpg&auto=webp&s=d0b6361605df5fe66cfdac3d6c6cbe2c15b1a44b + +Super simplified. You take the bottom of the **lowest candle** (**A**) and draw a line until it touches the bottom part of another candle that's trending up **(B).** + +Now, we repeat that on top portion. This time, starting a line at the top of candle **(C)** and ending at another candle that is trending up **(D).** Bullish channel is complete. + +Using same principals, you can also draw a bearish channel. In that case, instead of pointing up, channel will be pointing down. + +Next, we’re going to add to our chart what’s proven to be the resistance at $13.2x. Purple horizontal line. + +Guess what price GE closed on Friday. 🤯 + +&#x200B; + +https://preview.redd.it/ssi2kllbvgo61.jpg?width=1529&format=pjpg&auto=webp&s=6e6ac7bbb85f40bd35a4232c794b39f8f4d54cfc + +**So, buying short expiry puts Monday on GE is free money? It failed to break resistance again and again.** + +No. Analyze the chart below. Area I highlighted shows it actually did break the resistance intraday and held all the way to closing bell. There’s a big possibility that resistance is now a potential support. What we’re seeing on the highlighted portion could be the back test of said support, closing at $13.2x and not below it. + +&#x200B; + +https://preview.redd.it/kma6obvoxgo61.jpg?width=1529&format=pjpg&auto=webp&s=6a7be213dc070bc178a35316600bfa84a8f77ea4 + +&#x200B; + +**As a case study, what do we look for Monday eod?** + +We look for confirmation. If we see a strong green candle close above $13.50, in my book that’s a long buy (calls). Likely 13.2x resistance becoming support. + +If we see a strong red candle finish below 13, breaking down our bullish channel, that signals resistance held once again and it will most likely continue to go down, once again. Puts galore. + +**Here’s the part that matters for you the most.** + +Do not buy calls near major resistance. Period. Buy the confirmed support. Sell the confirmed resistance. + +We see paper handing comments all the time. “If I were to hold two more days, I could’ve doubled my money”. + +Why would you sell when you see green candles making higher highs inside a bullish channel? Sell when it’s close to resistance. + +**What about red candles inside the channel?** + +It's okay. Take a look back at the **0tde SPY 390c** chart. If I were to see red candles getting close to support, I would’ve sold and worst case scenario lose 10-15%. + +**Buy at support, sell at resistance. Buy at support, sell at resistance and don’t look back.** + +Apply these principals to your weeks, months out expiry contracts. Pull charts that each candle represents 4 hours minimum, one day candles ideally. TA is much easier and accurate when it's based on longer time frames. **I'm telling ya, damn thing closed at 13.2x two years ago!** + +**Minimizing losses when trade goes south.** + +This is the hardest part to execute. Denial, hope, what ifs... I lost $24K two weeks ago by not practicing what I'm about to preach. + +I added red candles on our GE Chart to simulate a support break. Each candle represents four hours. Take a look. + +https://preview.redd.it/hzjczrif3ho61.jpg?width=1529&format=pjpg&auto=webp&s=8d1495016c42c920d0cf0754011f7d8a142cb5e6 + +At this point, it's pretty much gg. Even though we see a green candle at the end, due to time decay, calls are destroyed. Basically, it needs 3 perfect green candles just to get back inside and 3 more candles to start trending up in the channel. 4 hour candles, by the time that happens, 30-50% poofed. In this scenario, I bet bears would buy puts at first sight of support break which I wouldn't blame and definitely participate. + +**I'd like to point this out again. Some charts I showed you guys as examples are short time-framed. You're better off applying these basics on charts that each candle represents one day, assuming your position is not expiring in 48 hours. Remember this as beginners, longer expiration, more data, better TA. More gains, less losses.** + +&#x200B; + +&#x200B; + +I’m anxious to see how next week is going to play out. We’re stuck, yo-yoing between support and resistance on pretty much all indexes and big caps. It’s simply not possible for me as an apprentice trader to speculate. + +What I know is this. I’m not touching TSLA. I’m not touching AAPL or SPY or QQQ or any ticker that has been chopping up and down between support and resistance. Bunch of noise. Time decay. Not good for option contracts. + +I want to see resistance break and hold for calls. + +I want to see support fail for puts. + +Don't know about you but I like my money. Not going to close my eyes, open a position and hope for the best. Buying based on gut feeling, selling on gut feeling. That’s gambling not trading. + +I get the biggest kick when I see my people after Friday close saying, “Shit...What am I gonna do now for 48 hours?” + +Well sir...You pull out crayons, draw some lines, look for opportunities. Add more layers to charts. Moving averages, bullish cross overs, RSI...It’s a treasure hunt. + +This is the way. + +Cheers. +**TL;DR;** Being willing to allow your portfolio to go all the way to 0 by death only provides a modest reduction in work time (generally less than a year). Most of the reason for lower withdrawal rates with stock/bond portfolio's is due to sequence of return risk - not due to maintaining the portfolio, especially for longer retirements + +Cross-Posted on r/Fire + +**Background** + +Have seen a few folks insistent on wanting their portfolio to completely deplete by their death. At first blush, this sounds like it will significantly reduce working time - after all wouldn't you need significantly more money to maintain a portfolio than to only have exactly as much as you need. However, due to compound growth and the length of retirements for early retirees, there actually isn't as much of a benefit as one would think. The below hypothetical explores this. + +**Hypothetical:** + +Susie is a retiree that retirees at age 40 and magically knows she will die in exactly 50 years. Assuming Susie had retired in the given 'Retirement Year', the table below shows exactly how much Susie could withdrawal from her portfolio to: + +1. Completely deplete her portfolio at death +2. Maintain her initial portfolio's value (on an inflation adjusted basis) on death + +Additionally, the final column of the table shows how long on an expected basis Susie would have to let her portfolio grow before retirement to go from depleting her portfolio to effectively maintaining her portfolio. As you can see, even without any extra contributions, Susie would need typically less than one year of Coast FIRE to go from depleting her portfolio to maintaining her portfolio. + +**Conclusion** + +For a stock/bond based retirement - there is relatively minimal cost associated with your portfolio continuing to grow (or maintaining your wealth). Almost the entirety of the withdrawal consideration for younger retirees should be on their risk tolerance from a sequence of returns perspective. + +As you can see from the chart, there is very little difference between the portfolio preservation and portfolio depletion withdrawal rates, but there is significant difference in the withdrawal rate depending on the particular year one retirees in. + +&#x200B; + +|Retirement Year|Death In|Withdrawal % so that retiree dies at $0.|Withdrawal % so retiree maintains their initial portfolio (inflation adjusted)|How many months Susie would have to wait to maintain her money| +|:-|:-|:-|:-|:-| +|1880|1930|5.5%|5.2%|11| +|1885|1935|7.6%|7.3%|7| +|1890|1940|5.5%|5.1%|13| +|1895|1945|6.2%|5.9%|9| +|1900|1950|4.6%|4.3%|14| +|1905|1955|4.2%|4.0%|8| +|1910|1960|3.8%|3.7%|8| +|1915|1965|5.5%|5.3%|4| +|1920|1970|7.4%|7.2%|4| +|1925|1975|7.7%|7.5%|7| +|1930|1980|4.1%|3.8%|15| +|1935|1985|7.2%|6.9%|8| +|1940|1990|6.2%|5.9%|9| +|1945|1995|7.7%|7.5%|6| +|1950|2000|10.2%|10.1%|3| +|1955|2005|6.5%|6.3%|8| +|1960|2010|4.8%|4.4%|15| +|1965|2015|3.7%|3.4%|16| +|1969|2019|3.5%|3.3%|11| + +&#x200B; + +**Assumptions** + +* Susie invests 100% in a broad based US stock market index (I'm specifically using the series used by [FI Portfolio Doctor](https://fiportfoliodoc.com/simulator)) - which I believe is the Shiller version of the S&P 500 index. +* Susie withdraws all her money for that particular year at the start of the year. Her initial portfolio is defined as the amount immediately when she retires, of which she has her first year's withdrawal as cash (earning no interest), and the remainder 100% in the stock market. +* Susie's withdrawals are inflation adjusted and fixed relative to her initial portfolio. +* The maintain portfolio version is specifically only maintains at death. Her portfolio may dip below her initial portfolio (but never below 0) at various points during her 50 year retirement. +* The time in months to reach portfolio preservation is assuming a 7% real stock market return over the specified period, with no additional contributions from the point her portfolio would have been able to be used for capital depletion +If you have invested in ICOs, you are indirectly participating in shorting the crypto markets. + +How? + +Those companies doing ICOs are selling your BTC/ETH you gave them to pay for their operations. + +This post was inspired by the latest crypto market decline. +Apologies if this ought to be posted elsewhere but I was hoping for some advice on how best to tackle my issue. + +&#x200B; + +Currently on a £4250 overdraft w/ HSBC and I am really keen on trying to slowly reduce but due to overdraft fees (which vary in amounts for some reason) I am finding it impossible to do so. What I need to know what is the best course of action? + +&#x200B; + +Should I take a loan (doubtful w/ the bank directly it would be approved as I tried before and was denied) or do I have any other options such as asking for the deductions to stop in order to reduce the overdraft or maybe looking to take a loan elsewhere? + +I work full time and I earn enough to slowly pay it back but due to these deductions varying and the rising bills I'm frightened I will end with no money at all breaking even every month. + +I struggle with anxiety and these financial worries just cripple me mentally so any sound advice really appreciated! + +&#x200B; + +Thanks! +Hi yall, I recently got a part time job working 24 hours a week as a student. It's carried over 3 days and pays 80 pounds a day so 240£ per week in total. + +However, a small problem is that the location of the job 6 miles away which is 1h with a bus. It actually isn't that far away with a car - only 10-12 minutes, but I do not have access to car and uber would charge me 10£ for a trip each way. + +I already have a bike that I bought for 15£ and was wondering whether it would be smart for me to buy an ebike kit for it (around 300-400£) to save on the time with the bus. Possibly even a escooter since it will be the same price, for the same speed and range, but I won't even get sweaty for work. + +I will have a use for the ebike/scooter outside of work as well to go to uni or visit friends. Maybe the ebike will be better because it will be easier to secure it and the escooter will be hard to life up and down stairs. Questions for later... + +The question now is whether this is worth the investment over traveling with bus since I will be working there for probably 5 months (so until June with a small chance of extending it to 1year). +Hi all, + +Not sure if this is worth a complaint but I thought you guys might know... + +I went into Lloyds and Halifax yesterday to change my name and address. Lloyds went through fine, Halifax closed my mother's account by accident ... + +I said I had moved from my mum's address to my new address (my old name was Miss A Anyone and my mother is Mrs A Anyone but our first names are different ) + +I said I only have one account - a credit card with them and gave them a letter from Halifax containing the last four digits so they could find my account. + +They said they could see I also had a savings account with them. I said I didn't think so but they were sure so I wondered if maybe it had been an old one from a building society etc that had closed down and transferred so they offered to give me the £3 contained within. I said okay and the gave them my card details and it's now in my current account. + +Upon signing the account closure forms, I noticed the first name and date of birth all matched my mother's - they had closed her account by accident. + +They asked me for her phone number so they could call her to explain but I just wanted to know - is this normal? It seems like quite a bit mistake to me... Is this in breach of GDPR? How can she complain? + +Thanks all x +Thanks to the forum. Got a lot of good advice on short term plays for this week. Decided to YOLO this stock and bought in yesterday at $19. Went long 7,000 stocks. Took 28,000 in profits today after it hit 23.20. +Appreciate all the free and helpful advice on this forum. +Thanks and Happy Thanksgiving from Canada. +An excellent morning to you all! + +Something about 002 this morning let's find out who's ass the DTCC is actually protecting + +Highlight from the Federal Confessionals yesterday... + +[thx to u\/JohnnyLarue2u for clipping this](https://preview.redd.it/gmx6a06ee0771.png?width=647&format=png&auto=webp&s=5e07dc3ffc857e915a8e001cec918a480930ff5e) + +If you guys haven't had a chance to [Check out this weeks forward looking TA](https://www.reddit.com/r/Superstonk/comments/o4l0cb/jerkin_it_with_gherkinit_forward_looking_ta_for/) + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, **157 (previous ATM offering)**, 158.5, 162.5, 163, 165.5, 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, **225.20 (new ATM offering)** 226, 232.5, 235, 242.5, 250, 255, 262.5, 275, 285, 300, 302.50, 310, 317.50, 325, 332.5, 345, 350, moon base... + +# After Market + +Another end of day run up closing down exactly \*\*0.69%...\*\*I know bullish. Thanks for tuning in tomorrow might be a good one. + +https://preview.redd.it/obd6eevgn2771.png?width=712&format=png&auto=webp&s=09f0109f422b21bfae9213baae5ed3ae0bc31a00 + +\- Gherkinit + +Edit 7 2:47 + +Reddit having some issues...I hope this loads. Nice little run up let's see if we can stay above VWAP and continue into power hour + +https://preview.redd.it/56k9v6v1a2771.png?width=1621&format=png&auto=webp&s=d7a810209de7e5a46b503932746b22f4c49bc430 + +Edit 6 1:53 + +The pickles aren't even capable of bring the stock up today, volume currently at 2.44M ... + +https://preview.redd.it/zwq3uqj802771.png?width=1598&format=png&auto=webp&s=129a1a4e4f63ce4451a074f899e181d05055f2aa + +Edit 5 12:40 + +Getting pulled of VWAP from drop on the S&P volume is currently to low to resist market sway + +https://preview.redd.it/wqtj1w8bn1771.png?width=1602&format=png&auto=webp&s=a7f2148c5d2767a3a879e605cc150f35a6433d0a + +Edit 4 11:19 + +Downward consolidating wedge on the 1-minute might break us back up through VWAP + +https://preview.redd.it/k87enw9u81771.png?width=1620&format=png&auto=webp&s=e2938a257f28ea14eb05f7897676d37d9c13b5a7 + +Edit 3 10:46 + +Failed that test at 220 back down to VWAP volume may not be high enough to hold + +https://preview.redd.it/qhzpmpqt21771.png?width=1621&format=png&auto=webp&s=7ba467d491d25952330e95fec1eb294c8731acce + +Edit 2 10:33 + +Ah yes going up on no volume, always feels nice + +https://preview.redd.it/va7nkm0w01771.png?width=1623&format=png&auto=webp&s=a8122327fac332cd704e365bbb304501aa904c54 + +Edit 1 9:49 + +Nice opening dip, dropped below VWAP volume dwindling + +https://preview.redd.it/yagsafhss0771.png?width=1340&format=png&auto=webp&s=7898fa9ef2409feab926fbe013db781a6a0eecbd + +# Pre-Market Analysis + +53k Premarket volume, 35,000 shares to borrow looks like the stock is nicely moving towards that new support at 225.20. I hopefully today we can see some price improvement with everything going on, I'll admit it's getting hard to make sideways chop really POP! Today -002 supposedly goes into effect which should mean that capital requirements are going to be checked daily instead of monthly. If this is enforced we may see a rapid acceleration in the T+X cycles. + +https://preview.redd.it/j0j5q1fye0771.png?width=1615&format=png&auto=webp&s=b5d41b9112989f23e2b5b7e0547901b58f4e7aa4 + +Also here is our Cup & Handle on the 1D timescale, remember that all cup and handles are not equal and to check with a registered financial advisor before committing to some of the fraudulent cup and handles you've seen popping up :) + +[Cup & Handle on the 1D timescale with supporting ascending triangle ](https://preview.redd.it/gn8gedm3g0771.png?width=1829&format=png&auto=webp&s=4fcc950fe7dfa231a381045cfe2735adc99a62cd) + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze.* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and feel compelled to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +\* *No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Hi guys, + +I'm a first year studying full time at uni. Through youth allowance twice a year I can take out a ~$1000 loan that goes on my HECS debt (interest-free, indexed with inflation). + +I have no real need for this money currently, but since it's essentially interest free I thought it'd be best to place on an ETF or something for a few years to make some money off it. + +What are your thoughts? + +Link: https://www.humanservices.gov.au/individuals/services/centrelink/student-start-loan +I am sure lot of people in this sub must have thought of buying a business. i am in that bracket where i am Keen at exploring some existing business, a franchise or something. Which will give me good cash flow and eventually an option you move out of my day job. I am wondering if anyone has been in a situation and end up buying a business that run on its own with some support from the management. You spend sometime after job but mostly the business is self operating. Understand it will be a lot of expense to buy a business with such an automated type of operation. Keen to hear people's thought, experiences and lessons before buying such a business. Like what too look for a business like this. What goes in to books etc. What is usually the budget for such businesses. I have seen people buying service stations, eating franchise etc. +I have the option on Robinhood to add $6000 to a Roth IRA. I am wondering if it’s a good idea to do dividend reinvestment so that way the taxes will be taken care of once I try to cash out does anyone have advice or tips for that? +I recently turned 18 years old and am about to enter my first semester as a finance major in university. This is my main brokerage account I just opened and just wanted to ask some questions I had about it and hear your insight! + +Plus \~$1,700 in smaller accounts, including Roth IRA + +Total Invested: \~$4,800 + +https://preview.redd.it/ol5wpe3m6wb71.png?width=2627&format=png&auto=webp&s=9a4a65b18e27da22782f32544f5c1185ca44ec0d + +1. Should I diversify my core holdings more? +2. What are some blue chip dividend payers that you like? +3. Am very bullish on Intel(might post DD soon), safe to keep buying shares or is it already taking up too much of my portfolio? +4. Do I have too much cash on hand? +5. Shorting bonds because I'm worried inflation is going to eat away at the purchasing power of bonds' future cash flow. Is this a bonehead move or should stick with my gut on it? +6. I have almost $3,000 cash split between my savings and checking account. Is this too much or too little for someone my age relative to how much I have invested? +7. Overall thoughts on my portfolio? +What do you think is a good idea , I am 26 and my portfolio is mostly ETFS. Most of my money is in a high dividend ETF which pays out monthly. Do you guys think that’s the way to go or invest more money in faster growing ETF? +Hello everyone, I had a quick question. I am trying to be talked off of investing the $25k in JEPI for a year or so and withdrawing when I need the money. I have a IRA maxed out as well as a personal brokerage with our favorite dividend players, so this money isn't going to be used for either of my brokerages and otherwise I would be putting it in a CD for a year. What is the downside of parking it in a high yield fund such as JEPI for a year and collecting it when it's needed. I understand taxes, etc. But after considering taxes etc it still seems better to put the money in JEPI over a 4-5% CD. Am I missing something...? It seems like a great place to park a "cash savings account." + +&#x200B; + +TIA and I also understand the price of JEPI is designed to fall around it's high dividend. I just don't see how this could go wrong other than a total collapse of the fund lol. +There's a good chance I will be receiving £10,000 from a relative, for business purposes only. This means it can't be used to pay off student loans etc, but the money won't be asked back - it's a gift with the condition that it will be invested. + +I am a 25 year old male, living in Milton Keynes, and can travel around. I come from a working class family, and never had any guidance or experience with financial investment. I can't say I am passionate about something, but I have an interest in cooking, I'm university educated and I'm quite tech savvy. I'd therefore like to get a few ideas from you and explore them. + +How would you invest the £10,000? +Well with VTI below $200/share it's obviously the time to buy. I currently have $14k in my emergency fund which is ~6 months worth of savings. I'm moving in June which will reduce my rent about $400-500 (depending on utilities for the month). Friend I am moving in with us already on the lease and I will be added/take over his parents names. + +Should I just transfer $4k now and buy the dip or wait till I move/have the lease all settled before doing so? + +Second part: should I also just max out my IRA with this money now and then have the rest of the money I currently have DD into my IRA go to my investing account instead? + +"Long term" (5-6 years) goal is to buy a home. 29 yo and contribute 6% into 401K with 10% from employer + +Since there's always such a wide range of suggested emergency fund length is 6 months too cautious? I have zero debt. + +ETA: my costs will be going down significantly in June thus what is currently a 6 month emergency fund will now be more like 8-9 months worth of funds. So I can afford to move some of it out of that account without significant financial stress +https://www.wsj.com/articles/gasoline-price-hits-record-high-11646730771 + +U.S. drivers are now paying an average $4.173 a gallon at the pump, AAA says. + +The previous record of $4.114 was reached in July 2008. + +The price increased 15% compared to last week and 21% than the previoues month. + +We can't predict something that has never happen before so this is definitely a risky and hard time for investors specially with the Fed and inflation still incoming. +When I look back at where I was financially a year ago, the difference is incredible. I was at the maximum end of my overdraft (£2500) from when I was a student, £1200 into my credit card, and had a £1500 laptop to pay off (it was a stupid luxury, but I don't regret it). Budgeting and financial planning has put me in a position now, where my only old debt that's followed me is my overdraft, which still stands at £1500, but should be gone by the back end of July. I've gone from £5200 debt to £1500 in the space of a year, and soon enough that student overdraft will be left behind me. As a long time lurker in the community, I've picked up so much good stuff that will put me in good stead in years to come when saving for a house. So thank you :) +I've just turned 28 and between long periods of unemployment due to depression, I've worked only in warehouses, labouring and call centre jobs. + +I left school at 16, achieved a few GCSEs and for a long time had no desire to return to study. I have no friends, live with my father and spend all my downtime road cycling (~200 miles a week) just to take my mind off things. + +I can't live like this for the next 40 years until I retire, only to live out my days on state pension in a council flat. + +All my old school friends went to university, work in professional occupations (medicine, engineering, business, IT etc.) and have travelled extensively. Meanwhile, I have done nothing with my life. + +Is it too late for me to make something of myself, too late to go to university and have a career? Are there any professional occupations I could enter at the age I will be when I'm done studying? Any general advice you can give me? + +Please be honest, be brutal if you have to and please don't give me generic answers like "It's never too late" etc. This sub is full of highly accomplished people, I'd really like to draw on some of that experience and get some specific advice. + +Thanks +For any posts with claims about Chinese policies or banks shutting down their accounts because of Bitcoin, etc etc, we need to have a 'not verified' tag until they post evidence. + +Edit: some people are saying "why not have it for positive posts as well?" I agree, why not? If some guy just posts he works for Starbucks and they're considering taking Bitcoin, why not tag that post as 'unverified'? +I'm losing my father unexpectedly and quickly to terminal illness. It's awful. He took me to meet with his finance person last week and I found out that there's a lot more coming to me than I ever anticipated. It's already in the hands of a respected financial advisor firm that are going to help me out whenever I lose him. I'm very overwhelmed because I've never had to worry about more than mid 5 figures per year and a very modest savings and 401k. This is a lot more than I've ever had to keep up with. + +I'm shutting up and not saying anything to anybody. But there are some family members that definitely know I'll be inheriting some things. I'm nervous on how to handle it and my father told me outright that he doesn't want me to cave to anyone that would ever ask me for any money after he's gone. he specifically named my mom and his brother. I feel the added pressure of his request, and I want to honor it. + +It also feels like a huge secret to hold onto and I hate having to keep secrets. My family also has bad spending habits and I live pretty modestly. I'd like to just keep the money invested and have it to help my own retirement down the road, and maybe give some of it to my own kids one day. + + +With a free cash flow yield of 11%, plus a hefty 8.4% dividend, MSI looks like a great value stock to hold for the long term. + +What is your take on it? + +[https://valueofstocks.com/2022/11/27/micro-star-international-stock/](https://valueofstocks.com/2022/11/27/micro-star-international-stock/) +I mean I get that anything is worth as much as someone else is willing to pay for it, and growth/hype stocks go up because there is increased demand for shares of a company, but...why? What's the point in owning a slice of a company if you never get to reap any of the profits? Free cash flow, P/E ratios, EBIDTA and so on and so forth just seem pointless in the bigger picture if I'm never actually getting a share of the company's earnings. + +Sure, I guess if there was an expectation that at some point in the future the company would start distributing a dividend then it would make sense but otherwise it just feels like I'm kidding myself that I actually own a part of a business but don't get any of the benefits. + + +Disclosure: I own 100,000 shares with a group. + +Joann Stores is an arts and crafts retailer; it is the only pure-play because Michael's was just purchased by the Apollo Group for $6 Billion, including debt. I want to give you the rundown as I have been following this space for about 15 years (on a high level, not an industry exec or anything like that). However, I remember when AC Moore's arts and crafts were public, if anyone remembers that. Anyway, some bullet points show a bit of a timeline and some catalysts as to why I think this stock can quickly go to $20 to $30 within a year. + +The company has 855 locations nationwide and seems to be shrinking going forward as they closed down 12 sites last year and opened 0. + +16% of their revenues is "omnichannel," which is online but can be picked up at stores, etc. This was a 194% improvement from 2019. + +The company owns an online tutorial business called CreativeBug.com, very underutilized in my opinion and should expand its business reach. + +The company was acquired in 2011 for $1.6 Billion when it had no debt and is now at $400 million market cap but with $800mm in debt. + +Leonard Green, the private equity firm, extracted over ten years $2 to $3 Billion from cash flow since the acquisition, via debt and operating cash flow. + +PE firm loaded about $1 billion in debt and was able to buy a good chunk of that back at an average of 43 cents of the dollar, fucking ruthless if you ask me. They made the company so cash-constrained with debt that it worried debt investors so much that they ended up buying back some of the debt for as low as 38 cents on the dollar. Now that they are public, they can't do these types of deals since a PE firm can't just funnel the money to buy back debt cheap; talk about screwing bond investors. + +The investment bankers mispriced IPO. PE firm wanted $15 to $17 and got $12 since the demand book was pretty light. Yet, 6 WallStreet analysts released price targets of $17 to $27. I don’t put weight in their price targets but when I did the numbers myself I think the range is about right. + +The company was very profitable in 2020, given the 25% revenue growth from the pandemic. Still, the costs increased $70 million due to China tariffs and $60 million due to COVID-related labor costs, so the business could have been even more profitable. + +The company is paying a 40 cents a quarterly share dividend which makes it out to 3.33% a year. You may ask why a company with a lot of debt wants to give such a high dividend, and the answer is that Wall Street is not providing these types of retailers a high P/E multiple. Michael's was sold for 9x 2022 Earnings (and was bought out, so what does that say, private equity firms don't spend $6 billion to lose money). Retailers like this historically have traded between 10 to 20 times next year's earnings given their stable growth and their operating margins and JAS is trading at around 4x 2022 earnings, a bargain. + +This business does not grow a lot; it is mature and somewhat saturated. There are about three major players and a bunch of mom-and-pop shops. The largest is Michael's and Hobby Lobby and then Joann, but there is also stuff sold on Amazon, Wal-mart, etc. but just the basic stuff. The arts and crafts consumer is pretty sticky, and they like to go to stores and talk to the people working there and touch and feel the products they buy. This business will be hard to be 100% online; like furniture shopping, it never will be 100% online. + +I would give the management team a C+ concerning the execution of the business. I don't give it an A or B because an A+ management team can grow the business AND increase cash flow. The management team is cash flow driven (their bonus compensation is based on how much EBITDA they generate) and not towards growth or new opportunities, which is what a lot of stockholders want, growth. The compensation should be based on revenue growth, cash flow, dividend growth, and profitability vs. just one metric. So, for example, bonus given if the business grows 10% a year, operating margins are 10%, X amount of debt is paid off, X amount of dividends are paid, and EPS is at least 10 to 20% higher. I understand why the bonus is only tied to EBITDA because they were owned by a PE firm and were too cash constrained to not look at new vehicles of growth such as a competitor to ETSY. 25% of the Joann customers sell the stuff they create on EBAY and ETSY; if this isn't a fucking WAKE THE FUCK UP call to launch a competing service, I don't know what is. + +However, that seems too fucking hard these days for management that like to make a lot of money for doing nothing. So, I can only keep dreaming for the day we have shareholder-friendly management compensation bonuses, etc. If the store managers are given rewards based on a few metrics, so should the C-suite. + +Joann has a 71 million customer database and tens of millions of e-mails that seem like a few years ago. They figure out they can sell online 3x the number of products than within the store, thus creating better margins and growth; at least the management team figured that out. + +I have modeled a ten-year forecast for the business, I know many of you may not want to own this for that long, but it gives me a perspective of where the company is going and what the business can do. I am pretty conservative in my models because I would be approximately correct than precisely wrong, and being conservative help. + +In my model, I have assumed the following: + +1. Topline revenues will grow about 2% per year for ten years. +a. Assumed they decrease store count by 15 stores a year consistently for ten years. This will drop revenues but should increase profit margins. +b. Assumed 10% growth rate per year of omni-channel (online) for the next ten years. +c. Assumed NO Etsy competitor-like business. +2. Operating margins improve from 6% to 11% over ten years. +3. The company can continue to puke cash and increase dividends 10% a year. +4. Can be debt-free within 5 to 8 years. It depends on what it wants to do with all the cash flow it generates, but if the P/E multiples in the space are not being rewarded, they can be more aggressive in giving out dividends. I say this because Michaels had $1 billion in debt, had 11% operating margins, and was still sold for only 9x next years earnings, so until that next year earnings becomes at least 15x the best thing to do is give a higher dividend yield and refinance the debt every few years at lower interest rates, seems like the government does not want higher rates for a while. +5. I assumed a 21% tax rate, but given Biden administration can go to 30% so that can hurt the numbers a bit. +6. I assumed worst case scenario was 3x P/E and best case is 11x P/E over a 10 year period. Here is what I get: +a. 2021 is $6.80 to $25 +b. 2022 is $8.50 to $31 +c. 2023 is $10 to $37 +d. 2024 is $12 to $43 +e. 2025 is $14 to $49 +f. 2031…yea I skipped a few years…. is $21.50 to $80 +g. Keep in mind this does not include the dividends you collected every year either. + +Conclusion +JOAN is selling for an insanely cheap multiple and the best part is you get a nice dividend of 13% a year if it keeps trading at a low multiple, I really don't see this trading at less than 3 times earnings for 2021 so the real downside risk is to $9/$10 and worst case you get paid to wait, better than the money you get a bank these days, right? + +As always I welcome your thoughts and comments. +I mean I get that anything is worth as much as someone else is willing to pay for it, and growth/hype stocks go up because there is increased demand for shares of a company, but...why? What's the point in owning a slice of a company if you never get to reap any of the profits? Free cash flow, P/E ratios, EBIDTA and so on and so forth just seem pointless in the bigger picture if I'm never actually getting a share of the company's earnings. + +Sure, I guess if there was an expectation that at some point in the future the company would start distributing a dividend then it would make sense but otherwise it just feels like I'm kidding myself that I actually own a part of a business but don't get any of the benefits. + I did a Discounted Cash Flow valuation of **Apple Inc.** and based on my assumptions of Growth rate & Terminal growth rate its intrinsic value comes at around $**135**. The stock is currently trading at around **$143.** + +Here are the assumptions I used for my DCF:- + +1. **Growth Rate - 19%** (based on Yahoo Finance Analyst growth estimates [https://finance.yahoo.com/quote/AAPL/analysis?p=AAPL](https://finance.yahoo.com/quote/AAPL/analysis?p=AAPL)) +2. \*\*Terminal value multiple- 15 (\*\*current **EV/FCF multiple is 25** and **EV/EBITDA is 22**) +3. **Discount rate - 10%** ( I know this is low but my return expectations are around 10-12%) + +Financials and Free cash Flow are also taken from Yahoo finance:([**https://finance.yahoo.com/quote/AAPL/financials?p=AAPL**](https://finance.yahoo.com/quote/AAPL/financials?p=AAPL)**)** + +**Should I buy or wait for some correction ?** + +**P.S.:** I think Apple is fairly valued in the current market compared to other FAANG stocks which are hugely overvalued. +When checking by CAPE I believe China and Singapore are undervalued. FTSE 100 and 250 are starting to look attractive as well. + +SP500 seems still quite a bit overvalued imo. + +There was a post not long ago on r/investing that also mentioned that the Polish stock market is starting to look attractive. + +Any other markets? Maybe some industries? +I find several companies that seem to be attractive but their debt/equity is quite high. With interest rates being so low the last few years, is having considerable amounts of debt acceptable? At what point do you completely throw the company away? + +Also- is debt/equity a superior ratio compared to debt/market cap, or debt/assets? +After analyzing a company and building a position, should you just buy and forget and when is the right time to reevaluate and decide if it was a good investment or not? +I do lots of valuations and often times I am being challenged that I am using a too low or too high discount rate. This is a topic that although it is not that complex, arises many discussions and I'd like to provide some insights on this dilemma and hopefully help those that are new in valuation. + +Although there are plenty of discount rates to choose from, I'll focus on the WACC and the subjective rate (10%, 15%, etc.) as they are the most widely used ones. + +The **WACC** as a discount rate attempts to assess the risk of the business through its inputs. As there is a correlation between risk and return, a company that is less risky should be expected to deliver lower returns. Is WACC perfect? No, not at all. It is backward-looking, it assumes the capital structure of a business remains the same and in some cases, it cannot even be calculated if public information is not available. However, it is the widely used model as there is no better one that captures the risk of a company. If you discount with the WACC, you'll end up with the intrinsic value of the company --> **How much it is actually worth based on your assumptions about the company's future** + +Now, let's focus on the subjective rate. The advantage of using one is clear, it doesn't take time to calculate and it can represent your required rate of return. There's absolutely nothing wrong to use it. However, if you do, what you end up with a number that answers the question --> **How much am I willing to pay to get the return I want?** + +It is important not to mix the two. You shouldn't claim that a company is worth $X when you're discounting with your own required rate of return. + +One of the ways to illustrate this is to take a look at something as risk-free as a treasury bond. If you want a 10% return on your portfolio and you use that to discount the bond, you'll end up with a very, very low price compared to the market price. That doesn't mean the bonds are overpriced, it's just they're offering a very low return because they have low risk. The conclusion instead would be, it is not something you should invest in to reach your investment goals. + +Don't forget, sometimes there is a risk that you're discounting a very risky company with 10% that has a WACC of 15%, which could lead to looking at a company that might appear cheap to you, but isn't based on the risk it has. + +Hope this helps! +Initially I’ve been think of buying google once it drops below 2500 but ive been thinking that’s still a bit too much although it’s only briefly dropped below twice +it seems spy would have to drop below 400 by some macro event to get the the prices I’d want at 2300 and under + +So I’m curious what’s everyone’s ideal price to pay for google +Am I to low? +Initially I’ve been think of buying google once it drops below 2500 but ive been thinking that’s still a bit too much although it’s only briefly dropped below twice +it seems spy would have to drop below 400 by some macro event to get the the prices I’d want at 2300 and under + +So I’m curious what’s everyone’s ideal price to pay for google +Am I to low? +As many of you know, META has two business segments: + +1. Family of Apps: a mature line of business with proven cashflow generation and consistent margins. Includes Instagram, FB, Messenger, and Whatsapp. Can be valued intrinsically using DCF. +2. Reality Labs: new line of business with unproven cashflow generation. Speculative growth business. + +My question is, would it be accurate to say that buying META is like buying a portfolio consisting of: + +1. A proven blue-chip FAANG stock making up 90-98% of the portfolio +2. An unproven growth stock making up 2-10% of the portfolio + +The weightings above are based on the respective size of the businesses in terms of revenue, expenses, capex etc. + +Why is it that META has such negative sentiment around its Reality Labs arm to the point that it drags down the value of the entire company, yet Reality Labs is no different than a company like LMND, U, RIVN, etc. that are all unprofitable and speculative plays, yet the market values them at billions of dollars? It seems the market is pricing Reality Labs at NEGATIVE value while pricing other, similar, speculative companies in the billions. + +Is there something I'm missing in this point of view? +*Company Overview:* + +[$BGFV– Big 5 Inc](https://utradea.com/stocks/BGFV). is a sporting goods retailer in the USA, operating over 400 stores and an e-Commerce platform. Big 5’s product mix contains athletic shoes, apparel & accessories, outdoor & athletic equipment, fitness product, camping & outdoor products, sports gear, and winter/summer recreational gear. Big 5 sells brands such as Adidas, Nike, Rawling, Under Armour etc. and they offer merchandise under their own private label (which represents 2% of total sales). A list of the largest brands they carry can be found in my original analysis [here](https://utradea.com/positions/Big--Sporting-Goods--BGFV-Why-even-Warren-Buffet-would-appreciate-this-massive-value-play_0). + +As of their Q3 2021 report, Big 5 has 429 stores that are open and operating, which is down from their 2018 high of 436 stores. Their recent store closures all stem from the impacts that COVID had on the retail sales environment and is not of huge concern. + +Big 5 reports their revenues under 2 main segments: Soft Goods (athletic apparel and footwear), and Hard Goods. These will be referenced later in this analysis. + +***Investment Information:*** + +*Seasonality:* + +Big 5 has noted that seasonality has influenced their buying patterns. This is due to Big 5 purchasing their inventory one season in advance. This early purchasing can help them to reduce costs by buying items “not in season” and holding them in inventory until they “are in season” and sell for a premium. The only problems with this are having the necessary space to store all of this inventory. Furthermore, if the cost required to store these items exceeds the amount saved by purchasing them in advance, they may be doing a disservice to their cost of goods sold, and their operating margins. Furthermore, having all of this inventory can only work if their inventory turnover ratio is low. Big 5’s Inventory Turnover Ratio is 2.96, this ratio is rather low, and implies that they will sell all of their bought inventory within 124 days of receiving their inventories. However, we know that Big 5 takes on excess inventories, so a ratio that is this low is to be expected. Furthermore, Big 5 is buying the items a season ahead of time, so it would make sense that the ratio is approximately 3 as opposed to 4, as the inventory is stored for 1 season (91 days), and is sold within 33 days of the inventory’s “season” (which is quick considering their purchasing logic). + +*Store Locations:* + Big 5 has 429 stores in various states in Western USA. The number of stores by state can be found below (in my OG analysis [here](https://utradea.com/positions/Big--Sporting-Goods--BGFV-Why-even-Warren-Buffet-would-appreciate-this-massive-value-play_0)) + +As stated previously, Big 5 operates in Western USA (primarily California). Their current positioning will allow them to grow their operations Nationally (if that is what they choose to do) , however, they already service the USA in terms of their Commerce platform (so having stores in each state may not be necessary). + +*Management Team:* + +This sectioned is designed to give you (the reader) insight into the background of the highest (executive) managers/officers at Big 5. The following people are listed as the highest-ranking members of the [Big 5 Management Team](https://big5.gcs-web.com/corporate-governance/management). + +**Steven Miller (President & Chief Executive Officer):** Steven G. Miller is Chairman of the Board, President, Chief Executive Officer of Big 5 Sporting Goods Corporation. He has served as Chairman of the Board, Chief Executive Officer and President since 2002, 2000 and 1992, respectively. He has also served as a director since 1992. In addition, he served as Chief Operating Officer from 1992 to 2000 and as Executive Vice President, Administration from 1988 to 1992. + +**Barry Emerson (Executive VP, Treasurer & Chief Financial Officer):** Barry Emerson has been the CFO and Treasurer of Big 5 Sporting Goods Corp. since October 2005 and the Senior VP since September 2005. Mr. Emerson served as Vice President, Treasurer and Chief Financial Officer of U.S. Auto Parts Network Inc. and at Elite Information Group Inc. (at different times), from May 1999 to July 2005. With more than 20 years of experience in finance management, Mr. Emerson has accrued substantial experience in managing the financial and administrative activities of a business; including areas of investor relations, Board of Directors, financial reporting, acquisitions, and building relationships with lending institutions. Mr. Emerson is a Certified Public Accountant of AICPA with an MBA in Finance from UCLA. He earned his bachelor’s degree in accounting from California State University, Long Beach. + +**Boyd Clark (Executive VP & Chief Merchandising Officer):** Mr. Clark brings 35 years of retail experience, including 30 years as a buyer or merchandise manager. Mr. Clark has served in Big 5’s Buying Department since 1992, and as Vice President of Buying, for the last 12 years. Prior to joining the Company, Mr. Clark was a buyer and divisional merchandise manager at another regional retailer and an independent manufacturer sales representative in the sporting goods industry. + +As you can see, Big 5’s top 3 Executive Officers have sufficient experience in their respective fields, which makes me confident that Big 5’s Management Team can lead this business into the future and make the right decisions on behalf of the company, and their shareholders. + +*Dividends:* + +If you take a quick look at Big 5’s historical dividend pays outs, you will quickly notice how sporadic their payments are. In this section I will try to explain the reasoning behind their odd dividend payments. Firstly, in 2020 you will notice that they only paid out 3 dividends (as opposed to their regular 4 dividends). This is due to them missing their Q2 2021 dividend payment, which they explained was due to the uncertainties during the start of COVID (they had to shut down the operations of various stores). However, they quickly rebounded in Q3 and operations restarted, which was why they were able to re-instate and raise their dividend payments back to their usual schedule. + +Additionally, Big 5 had some odd dividend payments during 2021. Firstly, they decided to raise their divided in Q1 2021 to $0.15/share, which was due to their great financial performance. In Q2 2021, Big 5 decided to increase their dividend again to $0.18/share. + +However, there was another dividend payment before their Q2 dividend. This payment was a special dividend of $1/share paid 2 weeks prior to their 2021 dividend. In their 8-K disclosure they noted “Additionally, to further return value to shareholders, the Company’s Board of Directors has declared a special cash dividend of $1.00 per share of outstanding common stock, which will be paid on June 1, 2021 to stockholders of record as of May 17, 2021”, as being the reason they paid their special dividend, however some have speculated it was to fuel a short squeeze (as their short interest was very high at this time). + +Next up was their Q3 2021 dividend, which yet again was increased. This time it was increased to $0.25/share, which has persisted with their Q4 2021 dividend. + +Lastly, between their Q3 and Q4 dividend they paid another special dividend of $1/share. Once again, Big 5 stated that this was due to their strong financial performance, and yet again there were people speculating that it was to fuel a short squeeze. + +This year, BGFV’s dividend yield was 4.3% when factoring out their special dividend. However, when including their special dividend payments, their dividend yield was 14.5%. + +*Competitors:* + +In order to undergo the comparable analysis, we need to get an idea of their closest competitors. These competitors must operate in the same space, operate in similar geographies, be of similar market cap, and have valid financial ratios. Using this criterion, I came up with the following. + +· [**$DKS – Dick’s Sporting Goods:**](https://utradea.com/stocks/DKS) DICK'S Sporting Goods is a sporting goods retailer in the eastern United States. It provides hardlines, including sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories. Currently, there are 730 DICK'S Sporting Goods stores across the USA. + +· [**$ASO –**](https://utradea.com/stocks/ASO) **Academy Sports and Outdoors:** Academy Sports operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells outdoor equipment, accessories, and apparel as well as sporting equipment, accessories, and apparel. Furthermore, Hibbett is licensed to sell professional and collegiate team apparel and accessories. ASO operates 259 retail locations in 16 states and three distribution centers located in Katy, Texas, Twiggs County, Georgia, and Cookeville, Tennessee. The company also sells merchandise to customers through academy.com website. + +· [**$HIBB**](https://utradea.com/stocks/HIBB) **– Hibbett Inc.:** Hibbett Sports retails athletic-inspired fashion products in small and mid-sized communities in the United States. Its stores offer a range of merchandise, including athletic footwear, athletic and fashion apparel, team sports equipment, and related accessories. Currently, there are 1,067 Hibbett retail stores, which include 882 Hibbett Sports stores, 167 City Gear stores, and 18 Sports Additions athletic shoe stores. It also sells its products through online channels. + +· [**$FL – Foot Locker:**](https://utradea.com/stocks/FL) Foot Locker operates as an athletic footwear and apparel retailer. Footlocker sells athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, Footaction, Runners Point, and Sidestep brand names. Currently, there are 2,998 retail stores in 27 countries across the United States, Canada, Europe, Australia, New Zealand, and Asia. + +*Financial Information:* + +· **Yearly Financial Performance (Good):** In 2020, Big 5 was able to increase their net sales by 5% YoY, while managing to limit their COGS increase to 1.1% (which contributes to better gross margins). Additionally, Big 5 was able to increase their operating income by approximately 400%, thereby increasing their net income by over 500%. These sizable increases in operating income and net income, can be attributed to Big 5’s cost management over the course of 2020. + +· **Yearly Financial Performance (Bad):** In 2020, there was little to complain about when discussing Big 5’s financial performance. Over the course of 2021, Big 5 added approximately 160,000 shares to their outstanding shares balance, indicating a 0.7% share dilution (which is smaller than their dividends (factoring out the special dividends). Furthermore, Big 5’s footwear sales fell by 18%, and their apparel sales fell by 16% over the course of 2020. + +· **Q3 2021 Financial Performance (Good):** In Q2 2021, Big 5 managed to decrease their COGS from Q3 2020 by 7%, which helped them to limit the decrease in gross profit. Big 5 was able to increase their revenues in the following categories; Footwear by 25%, and apparel by 17%. + +· **Q3 2021 Financial Performance (Bad):** Conversely, in Q2 2021, Big 5 had a subpar financial performance. They experienced the following decreases compared to Q3 2020; Sales decreased 5% (due to an 18% decrease in their hard goods revenues (largest contributor to total sales)), Gross Profit decreased by 1.2%, Operating Income decreased by 15%, net income decreased by 15% as well. Lastly, they experienced a 2% share dilution YoY. + +*2019 Equity Incentive Plan:* + +Big 5 has 3,848,803 shares that they can issue under their equity incentive plan over the next 10 years. Which could dilute shares by 18.4% during this time (1.7% per year). This is not that significant, as they offer dividends higher than this 1.4% benchmark. Furthermore, Big 5 has $15.3M held for share repurchasing, which represents roughly 700,000 shares to be repurchased, which will help to offset the potential dilution they might face over the next 10 years. + +***Investment Valuation:*** + +>***\*To get a visualization of my models and how I arrived at these figures, refer to the charts at the bottom of my OG analysis*** [***here***](https://utradea.com/positions/Big--Sporting-Goods--BGFV-Why-even-Warren-Buffet-would-appreciate-this-massive-value-play_0)***)\**** + +*Comparable Analyses:* + +By comparing Big 5’s financial ratios to that of their publicly listed competition (listed above in the “competitors” section) I found the following: + +*P/E Ratio:* + +Based off of Big 5’s Price to Earnings Ratio in comparison to their competitors, $BGFV stock should be valued at $27.13/share, which would imply a share price increase of 40%. + +*PEG Ratio:* + +Big 5’s PEG ratio (compared to their counterparts) indicates that the BGFV stock should have a fair value of $19.45/share, which would imply their stock is currently at it’s fair value. This comparable reflects a different story than the P/E multiple, which is why I decided to compare their EV/EBITDA multiple as well. + +*EV/EBITDA Ratio:* + +Big 5’s EV/EBITDA ratio indicates that their fair value is $32/share, which would translate into a potential upside of 65%. All 3 comparable analyses are in agreeance that Big 5 is at or under their fair value, however the results vary heavily. + +*Comparable Valuation:* + +Due to the variability between comparable analyses, I decided to take average the 3 comparable results. By doing this I arrived at a final comparable valuation of $26.19, which implies an upside potential of 35% + +*DCF:* + +By inputting the necessary data into my DCF model, I arrived at a fair valuation of $BGFV stock of $54.82/share, which implies an upside potential of 180%. + +*Overall Valuation:* + +In order to provide simplicity, I wanted to come to one final, all-encompassing valuation for the $BGFV stock. I did this through taking the average valuation of the Average Comparable, and the DCF model. By doing this I arrived at a price target for the $BGFV stock of $40.51/share, which implies an upside of 108%. + +***Investment Plan:*** + +My plan for an investment in the $BGFV stock would go as follows: + +· Enter into a position below the fair value, preferably at/below $20/share. + +· Hold long-term (with dividend re-investment) + +· Re-evaluate the position as new data is released (especially their financial reports to see if they continue their growth, or if their growth starts to fall short of expectations). + +***Risks:*** + +· **Financial Performance:** In Q3 2021, there were many concerning metrics that arose from their financial statements. Namely, revenues, operating income and net income declining. If these trends continue, long term investors will start to trim their positions. However, if BGFV is able to reverse this trend, and start to exhibit growth again it will be very bullish, especially since they are paying out high dividends and special dividends when they perform well (rewarding shareholders). + +***Catalysts:*** + +· **Financial Performance:** Over the course of 2020 (and a bit of 2021), Big 5 reported very good earnings. This performance was great, however, as we saw in their quarterly performance this is not likely to be sustained over the long run. If Big 5 is able to grow above my predicted CAGR (or limit their COGS increase to below what my model implies), my DCF model will be underestimating the fair value of Big 5 (implying a higher fair value) so watch out for that! +Looking to buy into the tech weakness in the next few weeks. I'm trying to buy into companies with growth at a reasonable value. Currently eying SWKS, INTC \[turn around play\], KLIC, Prosus, ATVI , LUMN, QCOM (probably needs to deep another 10 % for me to consider). + +Also thinking of adding BABA, Tencent, Baidu on the side although the political issues may present a problem . + +Welcome for suggestions or comments +This applies to personal investors who tried both, or anyone well informed enough to answer: + +In your opinion/experience, does investing in individual companies in an industry you know and keep up to date with well enough (energy, tech, etc) provide you with better returns than just an index (S&P500)? + +Assume you are already spending a fair amount of time staying up to date with what is going on & upcoming in the industry, so you can rule out the time factor. +🦄 Rainicorn is a deflationary NFT farming token that provides stakers with exclusive NFT drops from both well-known, and highly talented emerging artists that grant stakers special powers within Rainicorn's expansive DeFi ecosystem! + +Rainicorn has also launched two staking pools, Rainbow, where the holder can lock up $RAINI, and Unicorn, where Uniswap ETH/RAINI tokens can be staked. + +The rewards for staking in these pools will be either in Rainbow or Unicorn points, depending on the pool, which can then be used to claim NFTs from our drops. Unicorns will be valued higher than Rainbows to compensate for impermanent loss. + +Moreover, Rainicorn has it’s own Launchpad in the works too! 🌈 + +Raini is here to put a dent in the DeFi Ecosystem. + +Staking is now LIVE!! + +Binance Smart Chain bridge is LIVE!! + +Influencer marketing is due to start IMMINENTLY. + +🔒Liquidity Locked + Contract Audited! + +Liquidity is locked, their token and staking contracts are fully audited by Solidity. Already more than 25% of all outstanding tokens have been staked, showing strong community support for the project - + +[https://solidity.finance/audits/RAINI](https://solidity.finance/audits/RAINI) + +They’ve also just signed a with DOVU - [https://rainicoin.medium.com/raini-and-dovu-the-art-of-protecting-the-planet-d39df0a8af0](https://rainicoin.medium.com/raini-and-dovu-the-art-of-protecting-the-planet-d39df0a8af0) + + SOLID TOKENOMICS 💎 + +Only 1 billion $RAINI tokens will ever be minted. 500 million $RAINI were burned after initial contract creation, and currently half of all team tokens are locked.Solidity also conducted KYC on the founders. + +A portion of all revenue on the Raini platform will be utilised to regularly buy-back and burn tokens. This should put upwards pressure on the price of the $RAINI token, as the supply will continuously decrease, and periodic demand will be maintained by this measure. 🚀 + +• Total supply = 1 billion tokens • Initial burn = 500 million tokens • Locked tokens = 49,034,950 • Circulating token supply = 450,965,050 + + Roadmap 🎯 + +We have a strong roadmap for the future and are excited to keep things moving! + +March 2021 - Token Launch March 2021 - Medium Launch March 2021 - Coin Audit March 2021 - Team KYC April 2021 - CMC Listing April 2021 - Community AMAs April 2021 - Staking April 2021 - Artist Announcements May 2021 - Marketing Campaign Q2 2021 - Platform Launch Q2 2021 - Raini NFT Toolkit Q3 2021 - Governance Tokens Q4 2021- Rainicorn Launchpad Q1 2022 - Community-run VC + +Links 🌐 + +Website : [https://www.raini.io/](https://www.raini.io/) + +• CoinGecko - [https://www.coingecko.com/en/coins/rainicorn](https://www.coingecko.com/en/coins/rainicorn) + +• Dextools - [https://www.dextools.io/app/uniswap/pair-explorer/0x895324433d8026fad0531428ccfbac7a6b32fbf8](https://www.dextools.io/app/uniswap/pair-explorer/0x895324433d8026fad0531428ccfbac7a6b32fbf8) + +• Pancake Swap - [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xeb953eda0dc65e3246f43dc8fa13f35623bdd5ed](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xeb953eda0dc65e3246f43dc8fa13f35623bdd5ed) + +• Uniswap - [https://app.uniswap.org/#/swap?outputCurrency=0xeb953eda0dc65e3246f43dc8fa13f35623bdd5ed](https://app.uniswap.org/#/swap?outputCurrency=0xeb953eda0dc65e3246f43dc8fa13f35623bdd5ed) + +• [https://t.me/rainicornchat](https://t.me/rainicornchat) (Telegram) + +Hop on to the Telegram (almost 2500+ members) if you have any questions. We have an active and engaging community to help you out at any point. 💯 + +Rainicorn is ready to blast off to the outer-space. Are you?! +Joined the group in April hoping to take advantage of pandemic. I’ve learned so much and had countless companies brought up that I never would’ve considered otherwise. I now officially have 2 that I’ve doubled up on - CLSK (516%) and EVRI (102%) and YTD gains of 67% all thanks to this group! Only about $12K currently but I’m happy with the progress and I owe it all to you! + +Thanks Fam! +I feel like being financially independent and build your own company is clearly linked. Is it common to achieve financial independence without do this ? +I’m trying to see how this would be possible for me, but two kids and a wife who doesn’t work makes it pretty unrealistic. + +When my two kids graduate college in 20 years, that may be an option, but has anyone done FIRE before the kids are out of the house? + +My wife can stay home because I eat a shit sandwich at work, which I’m happy to do for her and my kids. I don’t think I’d be marginally happier for less pay elsewhere. Jobs are jobs to me. + +Is it possible to FIRE with two kids and a wife who doesn’t work? How? +Retirement and mental health + +I have a quick question for our FI group. Anyone close to or have already retired thought about how retirement affects your mental health. For example, feeling anxious, guilty, worried, or depressed about leaving the work industry after XX amount of years or worried about if what I have saved/invested is not going to be enough to sustain me for the rest of my life? +Fellow investors and traders!!! I'm here again to give you another undervalued stock with huge upside. If you miss my calls on [CLWD DD](https://www.reddit.com/r/pennystocks/comments/ksdx23/clwd_way_lesser_stock_floats_than_gaxy_and_tlss/) and [IONI DD](https://www.reddit.com/r/pennystocks/comments/kwkwoq/dd_on_ioni_if_you_miss_the_clwd_rocket_dont_miss/) last week. I have another very solid stock which so undervalued at the moment!!! For me, this probably has the most potential growth out of the 3 stocks i recommended. + +Ticker – **INIS** – OTCMKT +Current price upon writing: **0.08/share** so undervalued + +**Please Read and do your own DD first before taking positions!!!** ASAP!!! + +**Description:** + +International Isotopes, Inc. manufactures and sells nuclear medicine calibration and reference standards, cobalt-60 products, and radiopharmaceutical and radiochemical contract manufacturing services. The company operates in five segments: Nuclear Medicine Standards, Cobalt Products, Radiochemical Products, Fluorine Products, and Radiological Services. The Nuclear Medicine Standards segment manufactures sources and standards associated with single photon emission computed tomography imaging, patient positioning, and calibration or operational testing of dose measuring equipment for the nuclear pharmacy industry. It offers flood sources, dose calibrators, rod sources, flexible and rigid rulers, spot and pen point markers, and various specialty design items. The Cobalt Products segment produces bulk cobalt; fabricates cobalt capsules for radiation therapy or various industrial applications; and recycles expended cobalt sources. The Radiochemical Products segment produces and distributes various isotopically pure radiochemicals for medical, industrial, and research applications. It provides sodium iodide, cobalt-57, cesium-137, germanium–68, sodium-22, and barium-133 isotopes. The Fluorine Products segment offers products that are used to support the production and sale of gases produced using its fluorine extraction process. The Radiological Services segment decommissions disused irradiation units, performs sealed source exchanges in irradiation and therapy units, and processes gemstones, as well as offers transportation services. The company sells its products directly to end users and distributors. International Isotopes, Inc. was founded in 1995 and is headquartered in Idaho Falls, Idaho. + +Website: https://intisoid.com + +**Their FDA Approved Cancer drug:** https://intisoid.com/wp-content/uploads/2020/09/ME_Isotopes_Final-to-Print_v4-7-28-20-1-1.pdf **BULLISH**🚀 🚀 🚀 + +**They have government contract from Department of Energy(DOE)** + +**Reason why i'm so heavily invested in this stock and believes in it's potential growth!!! Please read...** + +The cobalt business is the company's historical money maker and should be back to normal this quarter. Over the last several years the company has been expanding their core business into other areas. What attracted me to this investment was deconversion. This is an area that the DOE(Department of Energy) has spent over 1.5 billion into over since 2002. Recently, there was an announcement that their (DOE) two deconversion facilities have not met their production goals for 2020. INIS has a NRC license to do deconversion. They have a Government Contract that ends until 2024!!! That is where the big bucks are for the company. **Note** the nearly 90% insider ownership. + +And after doing more research i stumbled into this article: https://www.argusmedia.com/en/news/2162427-medical-cobalt-industry-tackles-supply-shortage + +**BULLISH SIGN:** Strong insider ownership here considering there's 424 million outstanding, Here are the top five shareholders of International Isotopes Inc based on the size of their shareholding: + +Kennerman Associaates, Inc. Corporation +Percentage owned: 38.7% (164.2m shares) +Richart (Ralph M) Individual Investor +Percentage owned: 17.76% (75.4m shares) +McCormack (John M) Individual Investor +Percentage owned: 14.25% (60.5m shares) +Grosso (Christopher G.) Individual Investor +Percentage owned: 6.48% (27.5m shares) +Nicholson (William) Individual Investor +Percentage owned: 5.7% (24.2m shares) + +**High insider ownership typically signals confidence in a company's prospects and value in its shares.** + +**UPCOMING CATALYST:** + +* Inauguration of Joe Biden tomorrow (In which he wants to fund R&D for the future of Nuclear energy and new technologies) + +* There was talk of another radiochemical in the works for FDA approval. + +* It is rumoured the announcement of the new contract manufacturing facility due any day/weeks from now + +**Price targets:** + +**Short/mid term: $2-3** + +**Long term: $5-10++** (Sotera has a share price of $25 and they are on the same business and both has Government contracts) + +I'm holding this long term as i believe they will be big this year especially with Joe Biden strong support for Nuclear Energy and the supply and demand for cobalt health sector and EVs... Anything under $1 is cheap for this stock. So i'm taking my positions now before this thing will explode this year!!!🚀 🚀 🚀 +Keep an eye out for absolute madlads doing idiotic stuff that is borderline harassment. You’re so close good ape. Don’t do anything actually stupid, cruel, or illegal. Any of that becomes cherry pickable MSM fodder for their narrative. + +Be patient. + +Stay humble. + +Be excellent to each other. + +Don’t fucking dance. +I’ve been investing since early this year and while I have placed some money on bigger stocks like FCX and BHP, I am planning to invest in some juniors too. I don’t plan on placing a lot on them though, since I am aware of the risks that come with investing in it. + +I am looking into three stocks which includes [Fortitude Gold](https://www.fortitudegold.com/) (FTCO). They are a small producer but a good thing about them is that they have no debts. They recently increased their dividend by 14%, and reported positive results in their Golden Mile property. + +I included [Three Valley Copper](https://www.threevalleycopper.com/) (TVC) since they’re showing great potential too. They announced a financing with a deal brought about by investor demand, financing the company with $16 million dollars. They are expected to start mining early 2022 and will potentially produce 13-16 thousand tonnes of copper cathodes in a few years. + +I’m still looking into other juniors to add to my bigger mining stocks but some peers have been encouraging me to hold physical metals as well. I’m not really sure about this though. It would help me a lot if you guys share your thoughts. +I thought it was pretty well established across the internet that Bitcoin Cash was a major scam. I'm not trying to fud or throw shade, I'm genuinely asking if people believe in the project. It is up 40% over 24 hours and frankly I'm very surprised. Tell me your opinions + +Edit: Jesus, I get it guys. My word choice was shitty. I rephrase to avoid triggering all of you hyper-sensitive crypto-savants: + +"Let us commence a discussion about the positives of BCH, so that I, a mere pleb, can learn from you, the wisest of all on this Earth, a different perspective than the one I previously attained (a perspective of which we shall not speak)" +https://finance.yahoo.com/news/exclusive-california-utility-pg-e-231131727.html + +> PG&E's board and management are working diligently to assess the company's potential liabilities as a result of the wildfires and the options for addressing those liabilities. We recognise the need to balance the interests of many stakeholders while maintaining safe, reliable and affordable services for our customers, which is always our top priority," the company said in a statement. + +> PG&E is also exploring selling its gas unit, potentially through a court-supervised auction during bankruptcy proceedings, one of the sources said. The sale could also take place outside a bankruptcy process, the same source said. The company is weighing using proceeds from the unit's sale to address death and injury claims arising from the recent wildfires, this source said. +Source: http://www.economist.com/news/business/21709061-entrepreneurs-finances-are-jaw-dropping-inventive-and-combustible-his-space + +The above article has a good charts showing the financials of Tesla, SpaceX, SolarCity and Elon Musk himself. Tesla is the largest with a market cap of almost $30 billion. + +One particularly interesting part: + +> Mr Musk’s own finances look stretched. He has spent most of the $180m in cash from selling his stake in PayPal to eBay in 2002. He has personally borrowed $490m, secured against his Tesla shares, and most of that comes from Morgan Stanley, a Tesla underwriter. The car firm’s shares would have to fall by more than half before the loans went underwater. + +Basically Elon Musk himself has near zero cash, and is half a billion in debt. +[Where the government covers 25% of the price but then owns a percentage of your home till you buy them out?](https://www.geelongadvertiser.com.au/business/economy/victorias-controversial-bid-to-own-part-of-your-home/news-story/d670c080acbb593a1d308a0db43fe15c?fbclid=IwAR1Eo1f_WqK8269FwebK-gB5GwMtUrBZIvBhAMeV8wPmSqmH7FIbEkb7HXU) + +I think it will be a good thing for those eligible (it doesn't mention the government charging any interest) but am keen to see what everyone else thinks.... + +Do you think we will also have a QLD/SA/NSW equivalent? +If there is another rate cut, why the hell would they do it? Obviously people are not spending more. It looks like those with mortgages are not spending more - rather using the extra the cash they can save to get ahead on their mortgages. Then on the other hand you have people who are trying to save for a first home not earn any interest on their savings - in turn not spending. + +This may sound a bit odd - but wouldn’t people saving for a home be inclined to spend more if they had more interest returns on their savings accounts compared to those with mortgages with lower interest rates? + +Savers overall expenses are likely lower than that of home owners. They are not chained to the bank in any way - so automatically the option to channel funds into a loan is not there. + +Savers are also generally younger and have a different mindset when purchasing things. If more funds are there, they would spend more on non-essentials as they have more time to recoup money from any potential “bad buys”. Those with mortgages are inherently more frugal. +https://www.autoblog.com/2020/05/14/tesla-secret-electric-car-battery-million-mile-lower-cost/ + +Electric car maker Tesla Inc plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models, and allow EV batteries to have second and third lives in the electric power grid. + +For months, Tesla Chief Executive Elon Musk has been teasing investors, and rivals, with promises to reveal significant advances in battery technology during a "Battery Day" in late May. +According to digital investing firm CoinShares, BTC miners contribute to 0.08% of the world's Total carbon dioxide (CO2) emissions. + +Although 0.08% might seems small, we are talking about the Total CO2 emmisions worldwide... this is not little at all. Especially not now we are dealing with a harsh winter where some countries have to shut down the mining industry to save some energy for its people. + +Of course, there are other industries that contribute a lot as well, but since we are in this subreddit, let's leave the whataboutism aside please. + +Do you guys think mining btc is worth its CO2 contribution? +So I’ve been watching a lot of “Benjamin” on YouTube. If you haven’t seen him, he has fantastic and comedic videos covering some of the nuances of trading / as well as WSB lore. + +Anyway, he had an episode on Shkreli, and it got me thinking… if Biotech companies are so risky, and so many drugs don’t make it to market, is there anyone out there playing shorts timed to the release of clinical trial results? Seems like statistically speaking it would be a smart move… unless I’m missing something. + +And yes, I know Shkreli was allegedly manipulating shareholder sentiment for various biotech stocks. But I still think it’s a decent idea. No? +In the last few days I averaged a 0.75% return daily on live money in my account after I got confident enough to let the system loose on real money. Each trade is between 5 and 60k. + +Last day for example 28 out of 49 trades were profitable. Sortino is north of 6 but might be irrelevant since those are intraday trades. + +I would think with tens of transactions daily and about 1-2 weeks of massive stock variation (Say QQQ, SPY, TSLA etc...) there would be very quickly a significant amount of data. + +Considering wild swings at the day to day level wouldn't it actually allow for faster conclusion a system is "generally" profitable? + +Someone from a hedge fund told me they need 3 years of conclusive data to consider a third party system... but does one size fit all here or intraday systems/HFT have a much faster polling sample needed? +I'm going to make this as brief as possible for you retards, while still trying to give all of the relevant information as to why this market crash could end up being far, FAR worse than most are expecting. + +Most market participants are completely unaware of the dangers of stock buy back programs, which have been all the rage since around 2011 and the injection of Fed Liquidity into the markets. Stock buy backs have no tangible benefit to corporations. They are a wash for investors, and greatly increase corporate risk. + +Rarely have corporations ever utilized Buy Back programs at the optimal point - when stock prices are low. They usually buy at the top, and the entire rally in the market since around 2011 has basically been fueled by easy money and stock buy back programs. + +[Here is an illustration](https://moneymorning.com/wp-content/blogs.dir/1/files/2019/05/stock-buybacks.png) + +*A* ***VERY*** *brief history;* + +After the Stock Market Crash of 1929, the SEC put rules in place to stop the very things that had caused the crash, which were **stock market manipulation by corporations and trading firms fueled by extreme leverage.** + +**In 1982, SEC rule 10b-18 cleared the way for Stock Buy Back Programs to start.** Prior to 1982, Stock Buy Backs were considered to be market manipulation of your stock price, which they actually are (more on that in a second). Rule 10b-18 basically stated that Market Manipulation of your stock price was still illegal, in every way except for Stock Buyback programs, which are actually the biggest market manipulation of all. THANKS SEC! + +**The Era of the Stock Buyback (AKA the Unending Market Pump) 2010-Present** + +As most of you are probably aware, many were still quite bearish on markets in 2009 and 2010. These funds and individual traders were trying to fairly determine stock prices based on traditional metrics like earnings, future earnings, EPS and similar. + +Enter the unending stock market Pump (***AKA Stonks Only Go Up***) + +You might be asking why buy back programs only started gaining popularity in the 2000's rather than when rule 10b-18 first cleared the runway back in the early 80's. The answer is twofold. + +&#x200B; + +1. Access to easy money at very low interest rates. Interest rates in the 80's and 90's were very high compared to what they have been over the last 20 years. Corporations didn't want to borrow money at high interest rates to effectively buy back stock when they understood the long-term impact of such programs were negligible and there were no incentives to do so +2. Entrance of corporate officer incentive programs, where short term company metrics are rewarded with huge bonuses and incentives + +**The Buy Back Shell Game** + +Corporations borrow money at extremely low interest rates, take it to the stock market, and pour money into their own shares, fueling higher and higher prices. + +Everything looks great to investors on the quarterly reports, and Chief Officers are lavished with huge incentives and Bonus checks + +Corporations who just bought back shares inflating their stock prices, do 'stock offerings' to raise even more cash. Yes, stock offerings often cause share prices to dip, but not nearly enough to offset the endless loop of Market Buy Backs and Stock price manipulation. As an added benefit to corporate officers, these Executives often include the shares they have been given by the corporations as Bonuses in the Stock offerings as well. Yeah! FREE Money! + +The Shell Game continues as CFO's are able to easily manipulate standard metrics such as EPS in their Quarterly Earnings Reports to 'massage' the numbers making them look much better than they actually would have. In other words, an ESP of $1.00/share last quarter may actually be much MUCH better than an EPS of $1.50 THIS quarter thanks to the Buy Back program manipulation. Everything looks great to the market and investors though! + +**The Risk** + +Buy back programs are straight up stock manipulation. They inflate prices, and the 'Market' doesn't become aware of what has actually happened until many months later when these often very difficult to detect Stock Buybacks are buried and hidden deep within the corporate 10k reports. + +The market has no idea stock prices are being supported on a daily basis due to corporate Buy Backs on the open market, so this manipulation can't be fairly factored into current prices. To the Market, it just appears as though there is unending demand for the company's shares. It's not required to announce you are buying back shares as you are doing it. Prudent Investors are only made aware of such programs at a much later date. + +Stock Buybacks at inflated stock prices look great to the market when prices keep increasing and there is endless 'free' money to continue the manipulation. + +But what happens when stock prices start tanking, and there is no more 'free and easy' money to continue these buyback programs? + +This is the risk part of the equation. Remember when I said earlier that corporations don't usually participate in buy back programs when prices are low? That's exactly what is happening right now. Here is an article from Oct of last year talking about the [ending of buyback programs](https://www.cnbc.com/2019/10/21/goldman-warns-buybacks-are-plummeting.html). Every day we hear about another corporation who won't be participating in these programs in the near term future. + +**So what does all this mean?** + +A major source of market liquidity has dried up. Corporations are hoarding cash right now to shore up for the uncertain times ahead. + +Inflated and manipulated stock prices due to these buy back programs are in huge danger of collapsing with very few true buyers left, besides the Fed. + +We could see upcoming earnings reports start showing more 'truth' about what is actually going on with actual corporate earnings instead of the easy manipulation that's been going on for years. + +No one can really know for certain what the true levels of corporate earnings are going to look like + +*a. without all of the manipulation of the buyback programs occurring* + +*b. with real earnings growth and guidance being hindered worldwide due to the pandemic* + +Everyone has a pretty good idea that forward earnings are going to be bad, for Q2 at least. Remember, upcoming earnings are still going to be Q1, so many will probably still be decent, since the market has basically given a green light to the fact it's OK not to give forward guidance. + +The massive issue is that when the inevitable sell-off starts again, either because of unexpectedly large earnings fails or unexpectedly bad forward guidance, it's going to be a fucking shit show. + +Who the fuck knows what the actual 'free market' will value corporate stocks at when left to it's own devices. There has been no free market in asset prices for 10 years because of Fed liquidity, easy money, and corporate Buybacks. + +Yes, the Fed can and will step in to the best of their ability to keep propping up markets. They can't do it forever. Not only that, but it's impossible for them to be stepping in and propping up shares of every corporation in the US that has been participating in these buy back manipulations of the last 10 years. + +**TL;DR** \- No, THIS ISN'T JUST A "HEALTH" CRISIS Mr. PRESIDENT. It's a full-blown fucking asset price crisis that is unfolding, contrary to what you're being told. + +Get ready for Q2 earnings, and potentially earnings for the next 4-6 quarters to be much MUCH worse than expected due to limited ability to manipulate EPS in the 10-k reports + +Also, expect selloffs to come in hard and heavy with the lack of corporations participating in share buy back programs any longer + +**More reading:** + +[1929 Market Crash occurred because of Stock Price Manipulation](https://www.fool.com/investing/general/2013/09/03/what-was-behind-the-worst-crash-in-history.aspx) + +[How the Stock Buy Back Shell Game is Played](https://static1.squarespace.com/static/5af2028eee175963b8d8c0ff/t/5b4bdd8c352f534ffb7a63ca/1531698582690/Buybacks%2B11-3-17.pdf) +So I checked fintel, ownership is down to 158%. My guess is that they sold shares between hedgefunds to hide them. They have 45 days to report, so the seller reports the sale quickly, making financial institution ownership go down, and the buyer waits the max time to report receiving so it makes it look like they sold their shares when in reality they are just manipulating the financial institution ownership percentage on fintel - which has been mentioned on here countless times. So Financial institutions probably still own over 200% of the shares of GME, were just waiting for the final half of the paper work to show up. +So lets say I have a CC on a very High IV stock thats currently hovering around 180. There is this rumor the stock might “go to the moon” as the kids say these days. So if this stock does singly and impulsively rocket up, what is to stop me from closing out my long shares at the top but keep the calls naked for the fall back to earth? I suppose I would be risking an even higher bounce but if i entered into another long order at the dip I would be covered. Whats wrong with this plan? +I’ve figured it out. I’m not talking about selling options or straddles or iron condors or wheels or anything of that sort, I mean merely trading calls and puts. + +Keep your account mostly cash, and focus on opening 1-2 positions a day. + +Focus on buying those options based off of 3 confirmations, any which you would like, whether it’s MACD, RSI, VWAP, SMA, EMA, whatever it is, make sure you have 3 confirmations with each trade. + +Only hold MAX 3 DIFFERENT POSITIONS in your account at a time. I can’t stress enough how important it is to keep your account mostly cash. + +The truth is, most options traders are trying to make bank in the short term, which is rarely profitable. Small consistent gains, I’m talking 2-7% weekly, adds up so quickly. + +If you use this strategy, try to keep your position size small, DO NOT overtrade, wait for the confirmations and BE SURE in each position. + +$20 in a day turns into $200 then $2000 and so on. Compound your gains. + +I’ve seen too many people YOLO their whole accounts into options and lose it all. And it’s even worse when they win, cause they think it’s a sustainable strategy. + +Small, consistent gains keep you emotionally stable, not stressing you out over every single price movement. + +Not only will you be emotionally stable when trading, I guarantee you will be profitable if you’re confident in your confirmations. + +Good luck to all, I hope this post helped you. + +EDIT: I’ve read that most people have an issue with a return of 2-7%. This is not a perfect world. There will be red days, that’s what risk management is for. Don’t be dumb. +Also if you’re gonna complain about the daily percentage gain, please don’t comment. I made this post for the people that need tips and also for those who would give HELPFUL constructive criticism. Commenting about the percentage gain is pointless. Whether it’s 1% a week or 7% a week or 2% a day, it is profitable. +I would love some advice on my current situation from the wiser members of this sub. +I’m 26, male and am currently one week into a biomedical science degree and having second thoughts. I was working as a support worker for the past 8 years and earned decent money doing that (110-130k) but burnt out from constantly being in high stress situations and lost my passion for it. In 2020 lockdown I started a philosophy degree just for fun basically and did really well in it, I enjoy studying. I do not want to work as a support worker forever, philosophy doesn’t really have strong career prospects that I’m aware of, so Ive transferred to biomed with the thinking to either go into research, maybe get a job in pharma. Financial security is pretty important to me, and doing this degree has to be worth the financial burden of HECS and no longer being able to work full time to focus on study. Has anyone done this degree and if so what do you do for work now? + +I should add that this degree feels very stressful to me so far compared to a philosophy degree. It’s content heavy and Chemistry/science was never my strong point but critical thinking and writing come pretty naturally to me +From many beginners books recommended on this site (Bogleheads, Random walk down Wall Street, The Four Pillars of Investing), the argument for long-term index investing lies on the assumption that the market is efficient and the stock price characteristic is that of a random walk. What would happen then, if that wasn't the case anymore, as in many frontier markets? Does long-term investment in stock still makes sense? Is index ETF still a good choice when the extra TER in active funds eats up the larger return? Or it's better to find less volatile forms of investment? How can it be that the large cap index is weakly efficient and shows signs of random walk, while the rest of the market isn't? + +For context, in Vietnam - a frontier market, saving interest has for the first time dip below the average index return of the last decade and current corporate bond rate. The stock market trading volume has doubled in less than 2 years, with a huge influx of new, inexperienced investors and is on the second largest rally in the mere 20 years of its existence. +This is one of the concepts I've had a difficult time accepting since I became interested in finance and markets after graduating with a biology degree 5 years ago. It just seems like the very definition of a free lunch and appears too good to be true. Why is that extra return occurring if there is no additional risk? +The title says it all. I have a lot of free time at work and pretty much open access to the internet. I always enjoy reading about finance but to learn enough to become a successful investor is a bit intimidating at times. I understand how most investing terms but I don't know where to go to get the knowledge. +The highest-voted post of today was a post saying that Zoom is overvalued, linking to a "stock analysis". I was underwhelmed, so I suggest a counter-analysis. + +**Debunking the previous "analysis"** + +Basically, the only arguments were that: the earnings per share and the revenue per share are low. Both of which are usually irrelevant for an early stage company with a high potential for growth. + +The earning per share are completely useless for such a company: + +* Amazon had very low profit, or had losses for a large part of their history (so P/E ratio was >500 for 3 years, with a quarter at 3,600 and 7 quarters at infinity P/E ratio, [source](https://www.macrotrends.net/stocks/charts/AMZN/amazon/pe-ratio)). The average annual return on Amazon stock was +35% since then (1,000% total) +* Facebook had a P/E ratio of 1200 at their first quarter. Average annual return of +37% since then (933% total) +* Tesla never made a profit, so their P/E ratio has always been infinite. But average annual return of +49% since their IPO (3,700% total) +* Edit: I chose the most famous examples. But, because many commenters focused on those particular companies, I looked for random ones. Between tickers AAA and ACA, in the Russell 2000, I found Axon Enterprise, Ameris Bancorp, Asbury Automoative Group, ACADIA pharmaceuticals, and Axcelis Technologie. All traded with infinite P/E ratio, all of them were excellent buys at the time. P/E ratio doesn't mean anything by itself, especially for small and medium companies. + +I'm no financial analyst, but I think I can do better than that youtube video. + +The first thing to do is to look at their 10-K (annual report) +[https://investors.zoom.us/static-files/09a01665-5f33-4007-8e90-de02219886aa](https://investors.zoom.us/static-files/09a01665-5f33-4007-8e90-de02219886aa) + +A good analyst would probably read the whole thing. I just went to page 38 to read this: + + +[Zoom financial statement](https://preview.redd.it/v7kbr2iqm7651.png?width=1528&format=png&auto=webp&s=48f585e9b90c2aa915048f6569b2cb9e0028ea45) + +Here, you can see that their YoY growth in revenue was +148% in 2017, +118% in 2018, +88% in 2019. So, if the pandemic had not happened I would have assumed a revenue growth of 60-70% in 2020. Which would mean a 1 billion revenue in 2020, without a pandemic. The "practical investor" video states "suppose that Zoom does very well and their revenue for this year is 1 billion dollars". So, their optimistic estimation with covid19 and everybody working from home and talking about Zoom is... my base expectation for the counter-factual "no covid". + +**Why $68 was a fair share price in 2019** +For a company growing so fast, no one should care about their current EPS or revenue. Without the pandemic, you could imagine a $3-4 billion of annual revenue within 6 years. Compared to most companies, their cost of revenue is super low (20%). The research & development cost can scale pretty well (if you have 10 times more users, you can afford 10 times more software engineers, but you don't \*need\* 10 times more engineers). Same for "General and administrative". And their cost of sales and marketing would probably go down when they leave exponential growth (most of the revenue coming from recurring customers, it costs less to keep them than to get new customers). So, if they were dominant in that field, I could see them having a profit of 40% for their core business. They would probably use most of that do diversify, invest in new products,... (like Google is no longer just a search engine, profits from the engine funded their investments in other projects). But for an investor that's equivalent, that's money which grows the value of the company. In that situation, you would get $1.2-1.5 bn of profit/year. Let's say they have an EPS of 20 then, that means a valuation of 24bn --> share price of $96 in 2026. So, if I want a return > 5%, I would pay at most $68 in 2019. Which was basically the share price back then. + +&#x200B; + +**Questions to ask now that there is Covid19** + +How does covid change the company valuation? I don't think the personal use matters directly: those users are unlikely to get a paying account. And people will stop drinking over Zoom after the pandemic (at least not nearly as often). The money will come from professional accounts. But those free personal account can help as a marketing tool, getting people used to the tool, everyone talked about Zoom. + +The questions are: + +1. For how long people are required/encouraged to work from home because of the pandemics +2. Does this significantly change culture after the pandemics? +3. What shares of the professional video conferencing does Zoom capture? +4. What are their margin on revenue? + +My estimates would be: + +1. Lots of variance, but I guess a large share of the jobs which can be done remotely will be encouraged to work remotely, at least part of the time, until enough people have been vaccinated to reach herd immunity (hard to predict but end of 2021 is reasonable). +2. If it lasts for so long, many companies will have put things in place making remote work easier. People will have gotten better at this. Most people will return to the office, but I bet it will change the remote-work culture in a big way. +3. That's the biggest interrogation mark for me. Because of the quality of product, tons of users used the free version during the pandemics (even though there are many other free services). So the name recognition is almost universal. When somebody will think about choosing a video conferencing service, Zoom will be on their mind. But they will only keep those users if they are worth it: they seemed to work better, but they have to keep their competitive edge. +4. I'm not that worried about margin, their cost of revenue has consistently been under 20%. I don't see cost of cloud computing going up significantly. Their main cost has been sales and marketing. This is expected when you are in exponential growth phase, the percentage will decrease later. The main threat is if competitors push the price down. For this, they have to make a product good enough that companies will choose to pay for Zoom, rather than using free versions (like Microsoft teams included in office, or google meet). + +**Estimating the value** + +So, is Zoom overvalued? To be worth $240 today, I would like them to be worth $300 in 5 years, in 2020 dollars (5% inflation-adjusted annual return). + +If anything, the pandemics accelerate their growth, upfronts it. In 5 years, they will be mature without easy room to grow in developed markets (at least for their videoconferencing product). So their value would come from their earnings, not expected growth. Price share of $300, means a company valuation of $83bn. To justify a $83bn valuation, I would like at least $4.1bn of profit (P/E ratio of 20), preferably $5.5 (P/E ratio of 15). Let's say $5bn + +What would it take to get $5bn of profit? I'll assume their cost of revenue stay at 20%, their administrative go from 10% to 5% (economy of scales), marketing goes from 50% to 20% (market is more mature), research and development stays at 10% (important to keep their edge). That means their profit could be 40% if they did not see investment opportunities. So to get $5 bn of profit, they would need $12.5bn of revenue. + +Can they get to $12.5bn of revenue (in 2020 dollars)? They price their main service at $20/month/host. So they would need 50 million paid accounts (less than that if you count higher priced items like zoom rooms). + +Those may be for people working from home, companies which have more than one office,... My guess is that most worker who could work from home, could benefit from good videoconferencing. Even if they work at the office, they might use it to meet with people in other buildings. In my previous companies, all our conference rooms were equipped with Zoom, we all had accounts, even though nobody was working full-time remote. + +Before covid 5% of the workforce worked from home, both in the US and EU (total of 20 million). But 50 to 70% of people could work from home (so > 200 million people, just with US and EU). Counting the whole world, I could see 400 million regularly using videoconferencing for work (growing population, countries like China switching from manufacturing to service as they develop,...). Most won't need it often enough to justify paying for it. So free solutions will do for them. But I could see 150 million people paying for a good videoconference service, and 50 million of them choosing Zoom. + +Is it optimistic? Maybe. But if remote work grows, if colleges use Zoom for some classes,... Fifty million accounts is far from absurd. And, again, that's not counting their other products (right now: Zoom Rooms, Zoom Video Webinars, and Zoom Phone, maybe others in the future). + + +**Option play?** +That's where I'm really not sure. It's not clear to me that Zoom is over or undervalued. But there is a lot of variance. If they become the dominant player, they are under-valued, if Microsoft crushes them with Team they are way overvalued. I don't see much middle ground. So I would probably do a straddle with deep OTM calls and puts very long-dated (like 01/2022). But, of course, the Implied Volatility of ZM is high, so those options are expensive. + +I bought some 01/2022 $160 calls when ZM was around $115 (just after the price crashed from Facebook announcement, I thought it was dumb, I don't see companies using Facebook for their video-conferences and that's where I see the money). But I sold those when ZM reached $150, for a 90% profit (if I sold today, I would have gotten > +300% profit). + +Again, I'm not a stock analyst, and I don't have experience in the videoconferencing field. + +EDIT: Since I detail how I came up with the valuation. You can easily plug-in your own estimations of paid users in a few years, and return target (Eps when mature, return until then) to get to your esfimation of ZM value. +EDIT 2 : Added other examples of good buys at infinite P/E ratio +After reading a number of these posts this morning, I felt the need to chime in. + +I've personally known many very wealthy people in my life - Some that made their money all at once, some over time, quite a few that inherited it. The way they made their money range from either being business owners, investors, or just plain luck. + +First off, even if you have $10 million, guess what, you can burn through that very damn fast. So get it out of your head that if you got a major windfall from BTC that magically your done for life. Cashflow is actually way more important than anything when it comes to wealth. Even a number of poorly placed financial decisions can evaporate a great deal of wealth. + +I know, off the top of my head, 2 different couples that both burned through a lot of money, one $10 million, other $8.5 million - one did it in less than 7 years. One couple got divorced over the money. Today, one spouse now working as a bank teller and the other as an insurance agent. They've told me they still find it hard to believe they had so much money and that now they're doing a job that pays $50k/yr. + +I know another person that's worth over $100 million, he says that he envy's the workers in his office with modest means. His wife cares only about the money and his kids are the same way. Holidays and family gatherings he spends alone. + +Are all rich and/or wealthy people this way? No, but I will say, the money will not fix your personal problems or just all of a sudden make you and those around you happier. Why do you think many rich and wealthy continue working and earning? Because it's boring as shit to sit around all day. + +You know what I think is more important than money? Health, purpose, meaningful relationships and just doing good for yourself and your family. It'd be great to taste the sweet rich life that we're told we should want, but life is so much more than that. + +Money does not define who you are. If you don't have regrets in life then you've been sleeping the whole time. Learn to get over it quickly. Don't underestimate yourself and push yourself in life. You may just wake up and find you have the wealth you desired, with the skills necessary to retain it. + +Some more reasonable advice: + +https://www.youtube.com/watch?v=sTJ7AzBIJoI + + +[https://www.fool.com/investing/2020/04/08/should-you-buy-stocks-now-or-wait-heres-buffetts-a.aspx](https://www.fool.com/investing/2020/04/08/should-you-buy-stocks-now-or-wait-heres-buffetts-a.aspx) + +&#x200B; + +Here's Buffett's advice for a stock market crash. + +&#x200B; + +## 1. Don't try to time the bottom + +While Buffett may be nicknamed the Oracle of Omaha, he's always been quick to admit that timing the market is a fool's errand, even for himself. + +"I make no attempt to forecast the market -- my efforts are devoted to finding undervalued securities," the **Berkshire Hathaway** ([NYSE:BRK.A](https://www.fool.com/quote/nyse/berkshire-hathaway-a-shares/brk.a/)) ([NYSE:BRK.B](https://www.fool.com/quote/nyse/berkshire-hathaway-b-shares/brk.b/)) chairman and CEO has said. + +Buffett has taken this stance even further, implying in Berkshire's 1992 shareholder letter that near-term market forecasts can be "poison" for investors.  + +Instead of focusing his energy on timing the market, Buffett devotes his efforts to finding great businesses at good prices. "If we think a business is attractive, it would be very foolish for us to not take action on that because we thought something about what the market was going to do," Buffet said during the company's 1994 shareholder meeting."If you're right about the businesses, you'll end up doing fine."  + +It's Buffett's skill at finding undervalued high-quality businesses that has earned him the nickname Oracle of Omaha -- not his ability to time the market. Further, his decision to *avoid* timing the market has likely aided his stock-picking prowess. + +## 2. Don't waste a good buying opportunity + +One of the biggest problems with investors making market timing a key part of their investment strategy is that it can result in missing out on opportunities to buy stocks at lower prices while they are busy trying to predict a bottom of a market sell-off. Since predicting the bottom of a downturn is so difficult (if not impossible) the best way for investors to take advantage of these opportunities is to simply be a net buyer of stocks over time, particularly when stocks of quality companies go down in price. + +## 3. Get in the game and stay in it + +Probably the biggest takeaway from Buffett's discussions on market crashes and market timing is simply this: Be a net buyer of stocks and stay invested for the long haul. +I suppose I should wait for Milestone Monday, but I was making my quarterly updates to my net worth figures today and found out that I made it to $1 million dollars this past quarter. Woo Hoo! + + +I barely made it over the line, so I'm sure on the next market pull back, very possibly on Monday (another reason not to wait for Milestone Monday), I may be booted out of the club. I expect market fluctuations to push me over and under the $1M mark for awhile yet, but this is the first time I've crossed it. + + +About me, in case anyone's interested: mid 40s, male, IT professional (although I've never had a salary over $90K and that only recently), single, no kids, renter (so $1M won't carry me as far), and in a mid-range COL area, although spent many years in a relatively low COL area. + +Investing: In looking back at my records, I went from $0 net worth to $1M in about 18 years. Basically, maxed out my 401K early on, maxed out Roth IRA after I realized I could (should have done this sooner), and saved taxable as well. +I'm not a great investor in that I don't have a set, or even decent, asset allocation nor do I rebalance. I just dump all of my 401k into equity index funds, as well as most of the Roth. Only recently, the last couple of years have I invested much of the taxable funds. That last bit hurt my performance quite a bit I think. I just don't spend much. + + +To everyone: Keep it up, it can work. +Sorry if this is off topic or out of scope. Like many of us I am concerned about the economic situation here in the UK and trying to find creative ways to handle it. + +Is there any way for me as a private individual to borrow money from other countries at their interest rates? + +Japan's interest rate is currently -0.10%. I would love to pay something closer to that for my mortgage! Or even if I could borrow a smaller amount and use that to make some overpayments. + +Is anything like this possible for individuals? +I'm currently a contractor (in data protection) earning £400/day working in the Civil Service. I'm contracted until 31st March 2022 (this is my 3rd and what I think will be my final extension). After this I will be looking for another position with no garuntee of the same money etc. + + + +The head of department and deputy director have recently approached me to offer me the role on a permanent basis, its a great team and the role is easy enough so I'm pretty happy here. The issue comes down to money, they are offering £42k, which is a huge pay cut, however there are obviously other benefits with the role (pension, paid annual leave, maternity pay etc.). + + + +This has been my first ever contract and I guess I'm worried that I won't find a position that pays as well as this one and I'm letting a good opportunity pass me by. Or would I be stupid to take a role at nearly half the wage?? + + + +Edit: just in case anyone is still interested I declined the permanent role today. Thanks for all your advice, it was really helpful 😊 +**$IDEX - 1 million sq ft facility in China with 18,000 sq ft electric cars opening in summer. TODAY PR came, they did $33M in first month, expecting to do more in June.** + +&#x200B; + +>\- Province to province getting mining and heavy duty contracts in China, CEO said it himself. +> +>\- Treeletrik will IPO in 2020 another company they own. They own land like Fintech Village (Failure but land has value, looking for partners), They own grapevine logic, a competitor FameBit was sold for $1B to google +> +>\- Just started a partnership that will invest in China. +> +>\- Have an order to fulfill for $575M worth of buses. 5000 buses +> +>\- Qingdao City Construction Investment Group signs up to RMB 50 Billion (approximately USD $7 Billion) fund to finance investments in Shandong Province Ideanomics' MEG Group will be the beneficiary of approximately 20% of the new fund which will be allocated to purchasing EVs in Shandong province +> +>\- Ideanomics' MEG Signs Agreement with Beijing Xenning Green for EV Procurement and Financing +> +>\- Deal includes procurement of more than 100,000 buses over five years +> +>\- Owner - Billionaire - His wife - Forbes top 100 most powerful women +> +>CEO - Sold his company to AOL - CFO - was CFO of a billion dollar company +> +>Vice Chairman - part owner of WWE - Their Office Space - Near KMPG and Watsons +> +>\- YorkVille Advisors are known for buying and holding their positions, they just bought $1.5M worth of $IDEX yesterday and we shot up 100%. Today after hours they bought $10M of common stock. +> +>They are only 17 minutes from IDEX headquarters. Clearly some inside info they know thats why they bought $10M at $1.11. + +&#x200B; + +Source: + +&#x200B; + +IDEX is focusing on the EV market in China. A huge new trend. + +&#x200B; + +1. $IDEX also has a 1M sq ft facility for EV cars that will open this summer in China. [https://twitter.com/ideanomicshq/status/1268924154545307648](https://twitter.com/ideanomicshq/status/1268924154545307648) +2. Original founder part of owned WWE in US. +3. Current owner is a Chinese billionaire. His wife is ranked Forbes 100 most powerful women in america. She was chosen to represent China as the ambassador for Beijing’s bid for the 2008 Olympic Games. +4. Current CEO sold his company to AOL. +5. Current CFO is Conor Mcarthy who was CFO of GFI Group - a brokerage firm doing $1B and publicy traded +6. $IDEX entered a partnership with Business Big Data PTE. +7. The seven key development areas for new infrastructure construction are: 5G, UHV, intercity highways and intercity rail transit, new energy vehicle charging stations, big data centers, artificial intelligence, and the industrial Internet. + +An address search came up with the following: 16 RAFFLES QUAY #41-01, HONG LEONG BUILDING. + + Ideanomics (@ideanomicshq) + + The MEG Center in Qingdao is a 1 million sq ft EV expo center with the capacity to hold 18,000 vehicles. The official ribbon-cutting ceremony will be held later this summer. For updates, sign up for our monthly newsletter: https://t.co/KtERMwWyUQ https://t.co/ECIt4Q7z7j + + Twitter [6:11 PM] + +It's a major building with many key companies. KPMG, Watsons, both are visible on street view. Of course this doesn't show much, but it does show they are surrounded in an office with major players. + +7. BIG PARTNERS [https://pbs.twimg.com/media/EZgf5-HWoAAuZbQ?format=jpg&name=large](https://pbs.twimg.com/media/EZgf5-HWoAAuZbQ?format=jpg&name=large). You can see here tons of top companies are partners of $IDEX. + +8. Zhu Jun leads their energy group. Zhu was a general manager for Zhejiang Kangsheng Co., Ltd another $1.8B company. + +9. [https://www.proactiveinvestors.com/companies/news/917776/ideanomics--electric-vehicle-division-eyes-chinese-government-initiative-to-increase-ev-adoption-917776.html](https://www.proactiveinvestors.com/companies/news/917776/ideanomics--electric-vehicle-division-eyes-chinese-government-initiative-to-increase-ev-adoption-917776.html) Just read this. + +10. BEST PART, volkswagen [https://twitter.com/BullsFreds/status/1268758304723013637/photo/1](https://twitter.com/BullsFreds/status/1268758304723013637/photo/1) + +11. The vice chairman just converted his notes into shares. As an insider, he knows something we don't. He converted it at .59, so if the vice chairman 100% knows his notes are safe at .59, he knows this thing is about to explode soon. + +12. [https://www.proactiveinvestors.com/companies/news/920280/ideanomics-says-meg-division-forges-strategic-alliance-with-smart-travel-tech-leader-qinou-to-rev-up-electric-taxi-sales-920280.html](https://www.proactiveinvestors.com/companies/news/920280/ideanomics-says-meg-division-forges-strategic-alliance-with-smart-travel-tech-leader-qinou-to-rev-up-electric-taxi-sales-920280.html) + +The partnership is expected to drive projected sales of 30,000 units by 2023 valued at approximately 4 billion renminbi ($562 million). + +13. [https://www.prnewswire.com/news-releases/ideanomics-announces-updates-on-treeletrik-subsidiary-plans-ipo-301021506.html](https://www.prnewswire.com/news-releases/ideanomics-announces-updates-on-treeletrik-subsidiary-plans-ipo-301021506.html) + +Treeletrik is looking to IPO in 2020 a company $IDEX has a 51% ownership in land alone at Kuantan Pahang is worth $25 million. + +14. they have fintech village, looking for investors, land alone worth $5-20 million + +15. [https://twitter.com/BullsFreds/status/1269688289721810944](https://twitter.com/BullsFreds/status/1269688289721810944). Watch this, it's massive. + +16. Ideanomics MEG just announced its EV partners to fulfill multiple EV taxi sales orders: BYD, Dong Feng Nissan, Chery, Kia, Geely, and Tesla. [https://investors.ideanomics.com/2020-06-10-Ideanomics-MEG-Finalizing-Multiple-EV-Taxi-](https://investors.ideanomics.com/2020-06-10-Ideanomics-MEG-Finalizing-Multiple-EV-Taxi-Orders) + + Ideanomics @ideanomicshq + + Ideanomics MEG announces its EV partners to fulfill multiple EV taxi sales orders: BYD, Dong Feng Nissan, Chery, Kia, Geely, and Tesla. http://ow.ly/DUZf50A3VNu + + Twitter 7:30 AM · Jun 10, 2020 · Hootsuite Inc. + +&#x200B; + +\*Note: original post was mistakenly auto removed by bot moderator due to wrong flair. Human mod helped approve the 're-post'. + +&#x200B; + +Edit: reply to u/terobau on if i'm still holding IDEX stocks: + +Of course, IDEX holds better than any stocks I have in the plunge today, which strengthens my confidence in the company. Ideanomics price re-climbed after hours after good news about their second-stage of debt conversion. If the Chairman and Vice-Chairman and the company's investors, Venturas and YA II PN, don't believe that the company could grow, they wouldn't put money into the company with the intention of converting it into equity. + +So, what is a convertible debt? + +>It's simply a loan that an investor provides to a startup. It's a loan that's made with the intent that it's not going to be paid back, but the intent that in the future it'll convert to ownership in the company. Typically, it'll convert into stock in a C corp. Convertible debt is very common method to startup companies. + +On June 11, 2020 IDEX announced the second-stage of debt conversion, with the noteholders of each of the senior secured convertible debentures, and subordinated secured convertible debentures originally issued by the company during 2019, representing approximately USD 10.6 Million owed to two NY-area funds, ID Venturas and YA II PN. This comes on the back of last week's announcement that the Company's Chairman and Vice-Chairman had each converted their debt as part of the Company's plans to clean up its balance sheet and reduce interest payments as it gears up for growth. The effect of this has pushed out the average maturity on remaining debt until mid-2021. [https://www.prnewswire.com/news-releases/ideanomics-announces-reduction-of-debt-holders-as-part-of-growth-plans-301074797.html](https://www.prnewswire.com/news-releases/ideanomics-announces-reduction-of-debt-holders-as-part-of-growth-plans-301074797.html) +Basically what it says in the title :( + +I had a credit card with MBNA that was coming to the end of its interest free period, so I applied for another credit card with HSBC to act as a balance transfer online. + +I was accepted for this card online and was told to enter my details for the balance transfer then, and that this would be sorted out upon activation of the new card. + +I called HSBC to activate the new card today and queried when the money would be transferred - they told me it already had been transferred last week. + +I checked in my MBNA account online and nothing, so I called MBNA directly who confirmed nothing had been sent in. + +When I called back HSBC to further query they told me the balance transfer had been successfully sent and read out the credit card number it had gone to - the two digits at the end were wrong so it’s gone to a completely different card, I have no idea who’s card or what bank. + +While I am 99% sure I entered the details correctly online I can only concur that I’d made a mistake so accept fault for this. I was, however, under the impression that when I called to activate I’d go through all of the details again over the phone before the transfer was made. + +Where I stand now is that HSBC are investigating and seeing what they can do - if they can retrieve the funds then all is well but if not, I’m screwed. + +As the funds are from a credit card I didn’t know if I’d be offered further protection? + +Does anybody have any advice or experience? Don’t think I’ll be able to relax at all in the next few days waiting for HSBC to get back in touch with me. + +Thanks in advance! + +[UPDATE] So I called MBNA (the account the funds were supposed to go in to) to ask them if the credit card number HSBC had sent the money to even existed. The lady on the phone said no and that the payment should have bounced by now as it had been over a week. I also checked the checksum online of the card it had been sent to and was told it didn’t exist (thanks guys!). + +I called HSBC yesterday morning to explain this and they confirmed the payment had bounced and it’d come back in 24 hours. + +This morning I checked and it’s all back - I’m so relieved! Thanks for all of your help everyone, and remember to make sure to always double check the numbers when transferring money 🤣 +**Goals:** Hoping to reach FatFIRE, but after looking around here, I feel like many of you are in a totally different league (i.e. many people w/ multimillions before 30). Do I have a realistic chance of getting there, especially with only one high income? + +**Target FatFIRE stats:** + +* Age: 45-50 / Amount: $10+ MM / Withdrawal Rate: 4% / Location: Mid-Atlantic, HCOL area + +**Background:** + +* Me: 30 y.o. / Management Consultant at top US firm / Mid-Atlantic US, HCOL area + +* Spouse: 28 y.o. / US Government employee + +* Education: Both of us have bachelor's, master's, and PhD degrees in the life sciences and I have significant experience in business management. + +**Current Finances:** + +* [Flow diagram here](https://imgur.com/b6LNNho) +* Combined salary (including bonuses): $268k/yr ($200k from my income alone) +* Taxes (state + federal): $54k +* FICA witholding (SS + Medicare): $13k +* Annual budget: $93k +* Annual savings (retirement contributions: $83k, taxable brokerage account: $43k): $126k +* Savings rate: 54% +* Current assets: [$505k across various accounts](https://imgur.com/6KZwrOq) (e.g. 401Ks, IRAs, etc.). No home, no car. +* Current debt: None + +**Future finances:** + +* Current trajectory: Assuming our level of savings remains constant in the future ($126K/yr) and an inflation adjusted CAGR of 6.53% in an S&P500 index, then after 20 years we should have ~$6.7MM. + +* Salary: My industry has enormous annual salary increases (about +30% per year), but also has very low retention due to an "up-or-out" culture and burnout. There's about 25% employee turnover every two years. Many opt to leave for other positions with an equivalent salary and better work life balance, despite lower future salary growth potential. + +* Budget: Given the time commitment of my current job (70-80hrs/week and lots of travel) some lifestyle creep will be necessary to cover dog walking, cleaning, etc. I think the extra expense for cleaning and laundry assistance will be worth it so I can avoid burnout and actually relax on the weekends. + +* Health: I have lumbar disc issues and spouse has a chronic pain disorder (which is one of the factors limiting the number of hours she can work per week and therefore limiting many more lucrative career options). + +* Family: No current or future kids. Older family members have savings to cover their retirement and healthcare, but nothing beyond that (i.e. no inheritances coming our way). + +**TLDR:** + +* It seems like my ability to move up in my current job is the largest determinant of whether we can FatFIRE. Am I missing anything? Any thoughts on things I can do to improve our chances of FatFIRE without relying entirely on the slim chance of me reaching a top-level position within my firm? +I’m looking to invest in the market long term, and I was wondering if its worth buying call options on the s&p 500 a few years from expiration as opposed to buying actual shares. This would add some volatility to my portfolio, but over the long term the market tends to go up, so it shouldn’t be too risky + +Edit: Thank you all for the all the helpful responses! The main consensus seems to be that I should hold off on buying options until I have a better understanding of their risks and how they work. Thanks again for help! +Let's say some rich relative offers you any cryptocurrency worth $50k, but you may only cash out after you have HODL it for at least 5 years, + +which coin or token would you choose? + +Besides the obvious Bitcoin or Ethereum answers, you may also tell what other coin you would choose. + +Prices now of some coins are: + +Bitcoin BTC $48,871.87 + +Ethereum ETH $3,232.45 + +Cardano ADA $2.77 + +Binance Coin BNB $503.70 + +Polkadot DOT $26.30 + +XRP XRP $1.17 + +Polkadot DOT $26.31 + +Solana SOL $70.87 + +Chainlink LINK $26.61 + +Stellar XLM $0.3579 + +VeChain VET $0.1286 + +Tezos XTZ $4.92 + +Algorand ALGO $1.07 + +IOTA MIOTA $1.08 + +Enjin Coin ENJ $2.05 + +Harmony ONE $0.1098 + +EDIT1: Wow, so many replies! You gals and guy save this for 5 years and our future self can see if we picked the right coin. +🚨🔥👻🧩The #Ghostface ecosystem is an innovative concept set to disrupt the BSC by creating the only BNB Rewards System with sustainability and long-term growth. DON'T MISS OUT ON THIS GEM!🚨🔥👻🧩 + +🚀🧩 5000 BNB $JIGSAW Presale sold out in less than 10 seconds!! + +👻🧩$GHOSTFACE and $JIGSAW exist within a revolutionary new ecosystem built around sustainable BNB rewards with disruptive "Scaronomics". + +👻🧩Join our community Telegram, hang out with us in voice chat and experience a team that is overwhelmingly responsive, transparent, and has every penny of their investor's funds at the forefront of their mind every single day! 👍🔥😱👻🚀 + +👻🧩Telegram: +https://t.me/ghostfacecommunity + +Telegram is strong at almost 25,000 members, with an incredibly active community working across all platforms to help both Jigsaw and Ghostface fulfil their INSANE potential, you don’t want to miss out on these gems 💎 + +BNB rewards are distributed to all holders of the coin and can be claimed on the website, so sit back, relax and let the money roll in 💰 + +👻🧩Purchase $GHOSTFACE and $JIGSAW tokens directly on the website using the "Speed buy" feature. + +$JIGSAW Contract Address: 0x35e446a313369f2cca5592e62db9edbb23233dd2 + +$GHOSTFACE Contract Address: +0x0952ddffde60786497c7ced1f49b4a14cf527f76 +Discover QLC, a new industrial standard for Telecom Networking operations allowing for Institutional and corporate DeFi Services. + +Key points: +* A new industrial standard for Telecom Networking and DeFi institutional services + +* Release before end of Q1: DEX, DoD Platform with telecom and institutional companies invited to join + +* Aims at decentralizing billing and settlement services between institutions + +* QLC Tokens are needed to certify billing and settlement operations + +* Major Chinese Bank backing the QGAS fund. + + +Introduction: + +Holding QLC will provide rewards as it is the token that will be used for certifying data when organisations and institutions want to use the QLC Chain Data-on-Demand platform that is on the MEF 3.0 Standards and its ecosystem. + +In simple terms, most of these institutions and corporations will need to purchase an amount QLC Tokens for a VOTING node that will allow to certify and operate their business services (primarily for Settlements, Billings etc). + +QGAS will be a stablecoin used to allow transfers between USD, EUR, DigitalYuan and other pairings linked to the DEX financial Platform. +This makes QGAS a unique tool helping companies to directly operate business on the QLC DEX. + +In this way, organisations and institutions avoid the hurtles of having to use BTC and other cryptos before engaging with the QLC network. + +This Stablecoin will be backed by a fund issued from a major Chinese Public Bank, which ensures strong financial stability. + +As of now, 10 members of MEF are at various stages of development and on boarding to QLC DEX platform. More than 120 companies are in the process of following. + +Financial operations will be held on main chain, via the DEX. This will be starting by the end of Q1-2021 and will roll out all long the year, increase demand for the QLCs token utility. + +DYOR and feel free to join their telegram group (handle is officialQLCchain) - really good community vibe with lots of solid information. +Question. What is more speculative/higher potential for extreme return? Futures? Options? Leveraged ETFs? Any such thing as leveraged options? + +I've heard of options on futures? I'm going balls deep with a middle school tier education equivalent on options. Please I request your assistance. + +&#x200B; + +UPDATE: Mod said proof was sufficient and I am cleared. +I used to deliver food using many apps, like door dash, Uber eats, skip the dishes. I managed to get a line of credit from my bank, and using that along with 2 credit cards, I was able to "afford" truck driving training course. Well, that was last summer. It took me a little more than a month to find a good job with this, and today, I paid off all the debt. It was a big risk obviously. The worst case, my credit would be destroyed. But my income tripled as a result, and now I have health insurance and can afford a normal life and can realistically think of things like vacations, investing, mortgage, etc. It's a very strange feeling lol. +There are so many subreddits I have come accross where OP has $100,000 in a "high yield" savings account earning .005% a year, while their principal is devalued by 20% in that same time period. E.g.: [https://www.reddit.com/r/StudentLoans/comments/rp1fth/200k\_in\_grad\_loans\_120k\_in\_savings\_advice\_needed/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/StudentLoans/comments/rp1fth/200k_in_grad_loans_120k_in_savings_advice_needed/?utm_source=share&utm_medium=web2x&context=3) + +This is especially common in the student loan forums. I've been downvoted into oblivioun for even suggesting they take some of it and buy bitcoin. There are some communities that are SO "risk-averse" that they will risk-averse themselves into bankruptcy. + +How do we help these people understand? +Even if you're a "buy the dip" kind of guy, I wonder how much more upward mobility there could be? + +I've been on the bullish side through most of this, but it feels like we'll be hitting our ceiling soon of this stellar index growth. + +June 3,2019 the S&P was at 2744 +Meta bag holder here. down 50% from purchase price. Never thought it would be down so much this year. I though it was a solid blue chip company like APPLE and MSFT. + +low PE, lots of cash flow. great products. But now it is -20% again after earning. + +what is not so bad is I diversify and meta is only a small percent of my whole portfolio. But I still don't know what to do at this time point. + +Will you buy more? keep holding or just sell? +When I had to choose between having bus fare and getting some bread to eat after a long day of job hunting. Also decided to quit all forms of social media (except reddit) because I am tired of trying to be positive while everyone is sharing pics of warm, home cooked meals, presents, holidays. + +So sorry to be a bummer, I am just so tired and I know you guys would understand. + +Whoever is having a tough day, here is a huge hug, from one struggling soul to another. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +This is my first home/property, been living here for nearly two years but I haven't dealt with repairs before - it's an apartment. +Just noticing that there's a patch of very light discolouration on the bathroom ceiling as well as a few drops of water leaking down the shower screen (it's attached to the ceiling), took a downlight out to take a peek but couldn't see much - there's a hose with a red switch/valve on top of where the discolouration is, so I'm guessing it's that causing the problem. + +Long story short, are leaks coming from above the ceiling a strata responsibility? Or do I need to get someone to fix that myself? +Okay. I admit it, I'm fucking retarded. + +Can someone a touch more wrinkly than I please explain why low volume is a good thing? In my mind all I can summize is that it means low demand. If it meant low supply because we're locking the float sure, a shortage of in demand stock leads to price increases in a not so rigged system. + +If there was enough demand for 20M or 50M shares it'd undoubtedly lead to more shorting as they try to fill demand without letting the price rise. There'd be spoofing of course, but ideally they couldn't keep up shorting as we've locked a pre-synthetic 55% of the free float. But from there we'd like to see their fuckery overcome by the sheer weight of orders. + +However we aren't seeing that, we're seeing low volume and marginal movements up and down and meaningful movements up often met the next day by a movement down of around the same value. + +Granted I've seen this pattern repeat a few times and often we see a large uptick in price immediately after low volume. But does anyone know why? Or can you explain to me why low volume is a positive? + +I'm not looking for the grander overview of "Once the float is locked it doesn't matter" or "When banks default moon" or anything along those lines, that's straying from my intense desire after being in since April of last year to know why it's good/celebrated. + +Thank you gentle apes. +[Update for the curious](https://www.reddit.com/r/wallstreetbets/comments/fjrny1/update_spy_puts_from_the_fire/) + + +Bought 35k worth just before Donnie announced his press conference. Doubled down, then doubled down again, then doubled that. Averaged from 7ish down to 4ish. Still down $100,000 at close. + +This is the money I got from insurance paying me for all my possessions after my house burnt down. (Check post history.) So I'm basically trying for a reverse fire sale thing here. + +[Positions](https://m.imgur.com/a/TAlAzvR) + +Anyway here's Wonderwall. 🌈🐻 +How worth is it in investing in dividend stocks if you don't have much money to invest in the first place? To make 15k a year with an average of a 3% dividend with 500k invested seems hefty and dividends seem more worth it only if you can invest in the thousands. My question is: Is it worth to begin investing in dividend stocks if you are only putting in say, 100$ a week or month? +Would love to see a list of most beaten down dividend aristocrats and kings, using the dogs of the Dow idea. + +Does anyone know where a list exists like that online? +Starbucks stock has been facing challenges, which is reflected by the flagging performance of its stock price this year; underwhelming sales in China, unhappy workers wanting to unionize, inflation, etc. + +Suspending the stock buyback program is clearly an effort to both re-allocate capital elsewhere, as well as improve optics. + +Are dividends next? Is Starbucks beginning to sink, or will it pull through? What are your thoughts? + +Edit: spelling +Starbucks stock has been facing challenges, which is reflected by the flagging performance of its stock price this year; underwhelming sales in China, unhappy workers wanting to unionize, inflation, etc. + +Suspending the stock buyback program is clearly an effort to both re-allocate capital elsewhere, as well as improve optics. + +Are dividends next? Is Starbucks beginning to sink, or will it pull through? What are your thoughts? + +Edit: spelling +Which of high dividend growth stocks would you prefer to buy (you have \~200$): +V or TSCO or LOW or TXN + + +I've already done my choice, intrested in your opinion! +I’m 21 years old trying to figure out how to maximize my wealth by the time I retire (~40 years), or simply have enough to retire early by living off dividends. + +While I know that people in my situation should be focused on growth as opposed to dividend stocks/funds, it’s hard to ignore the substantial growth rate SCHD has experienced despite being a dividend ETF. + +With SCHD being a favourite of this subreddit, I have 2 questions: + +1. Why has SCHD experienced such growth despite being a dividend etf, and is it likely to continue over the long run? + +2. For a long term strategy, does it ultimately make more sense to invest in a market index fund like VTI, or SCHD? I would be reinvesting dividends in both cases, but how would the mechanics of compound growth compare in each case? + + +Hopefully your ideas can help myself and other young investors determine how to optimize their portfolio early on. +Dividend Masters, I seek your insight and opinion regarding REITs. + +I may be demographically biased due to age and financial status, but there appears to be a growing tension between the upcoming generations and the general housing conditions. + +I see many articles and opinions (not always reputable) regarding the increasing cost of living to income, and its relation to inflation and the historical values. **Obviously there are a lot of subjective feelings brought out due to recent politics. This post is not about politics.** But a disproportionate cost of living sentiment is nothing new to me. And it seems to be growing in severity and tension. + +I understand the difference between commercial and private real estate, but it is still concerning. O is by far my worst performing position. Am I being too emotional in thinking that that money would be safer with an individual consumer-defensive company? What are your thoughts? +What is the future of our REITs if the cost/income disparity grows wider? What if it reverses? +Hi 👋 + +Does anybody hold Ares Capital (**ARCC**)? What are your thoughts on this stock? + +Dividend yield history is pretty good: + +[Div. yield history](https://preview.redd.it/4eqzo5wi3ev91.png?width=1527&format=png&auto=webp&s=b08834cd49ca435642749c70036acf5b331335ae) + +Price is like flat for the whole period: + +[Price history](https://preview.redd.it/gwoj776k3ev91.png?width=1204&format=png&auto=webp&s=5f086556ca70e7ec5b2e58e0fa1d70c851ff5c81) + +Revenue growth: + +&#x200B; + +[Revenue growth](https://preview.redd.it/na02m7us4ev91.png?width=1053&format=png&auto=webp&s=fbc4a28fcfca338be0ef9c51e61e5a9268e9d52d) + +Short description: + +*Ares Capital Corporation is a business development company specializing in acquisition, recapitalization, mezzanine debt, restructurings, rescue financing, and leveraged buyout transactions of middle market companies. It also makes growth capital and general refinancing. It prefers to make investments in companies engaged in the basic and growth manufacturing, business services, consumer products, health care products and services, and information technology service sectors.* +I'm 38 and not planning to retire anytime soon. I got hooked on the JEPI's yield but after some time on this sub, I'm starting to think it doesn't fit my time horizon. + +In addition to JEPI, I have positions in SCHD, DGRO and a few individual companies. I am not sure where I would put the money if I sold JEPI and I'm looking for suggestions. + +I'm not against buy more individual companies but I do enjoy the simplicity of ETFs versus trying keeping up with the performance of the individual companies. +I saw a thread with some really good recommendations for an investor in their young 20s. + +Should consideration for dividend-issuing products (or *certain* ones at least) depend on if you're in your 20s vs 30s vs 40s vs 50s, etc? + +I know that screeners don't factor in age, so I wanted to see how important (if at all) that age plays in this. + +I am also still unclear if yield should matter, or if it's essentially about going for the div rate. +There is only one question that needs to be answered: are we at Pluto yet? Or even moon for that matter… + +If not, then just keep posting the purple rings…. + + +We have established well enough that the systems is beyond repair. Beyond tracking them sending money to tax havens, I personally, am ok with the amount of DDs I have ingested in 2021. + + +The one focus now is to DRS any shares that are bought. And also, just be prepared to be surprised. They have proven to be very clever adversaries so far. + +Good luck to us all. + +Edit: the last thing this post is about is Bitcoin. +&#x200B; + +[It's all coming together!](https://preview.redd.it/plzxtv2zqh871.jpg?width=1112&format=pjpg&auto=webp&s=2ebb298b1ec7f8ca6b1b36b3f632fffa743f008e) + +**Here I try to combine all the great DD found here on this sub, and try to distill the final endgame from the available DD.** + +I'm also releasing this at a point when it's too late for shorts, and it's gameover. If I'm wrong then this DD is meaningless. If I'm right, shorts are strapped into final destination while a dental clairvoyant describes their death to them in clear detail. + +&#x200B; + +**TLDR;** + +**Edit: ETF SHORTING is the main point of this post, and more attention needs to be placed there. NOT crypt0 - it's a sidepoint. Anyone bringing up excess attention to the sidepoint should have their post history checked for shill bias.** + +* Fatal mistake by shorts on 6-9-2021 when GME's ETF's were all shorted at once. ETF's work on T+6 settlement. +* Doesn't matter what shorts do, checkmate was set following completion of 5 million share offering during earnings call. +* ~~Cypto announcement will be the match.~~ T+35 FTDs will be the Fuel. (speculation, sidepoint) + * GME Q2 ends Aug-1, need more wrinkles thinking about this than just me. +* ETFs containing GME (ETFGME) will rocket, all other ETFs with overlap with ETFGMEs will crater. +* **If** you have wallet already, set aside digital currency in preperation to remove Gamecoin from circulation as soon as it launches (no collusion, also it's just good to be first) +* Kenny/Citadel may just be the fall guy, I speculate it's much deeper than just their figurehead. + +// + +**Preface** + +I'm not a financial advisor. Everything stated here should be taken as speculation. As a matter of fact I'm actually down like 20K in paper losses. If anything do the opposite of what I'm doing - or don't lol. Simply put I'm a nobody, with dreams of putting an end to this financial slavery. + +&#x200B; + +For the most part most of this should be read in order. If you need to go back to read up on some of the sub topic go ahead - time is mostly on YOUR side. + +&#x200B; + +This DD is certainly rushed, while building up a multi-month position and there's probably a TON of spelling and grammer mistakes throughout. So do forgive this once dropped as a baby Ape. With that out of the way, here's a summary of what I've pieced together thanks to this great community, and special users discussed below. If you keep reading till the end, there's also a speculative arguement to be had with social media and the rest. + +// + +**Acronym Index and Glossary (copied over from Anon's DD for quick reference):** + +Because I always wish the SEC included these, for the Fed if nothing else + +ETF - Exchange-Traded-Fund - Simply put, ETFs are a hybrid between funds and stocks. They, like any fund, hold some portfolio of securities. And like any stock, they trade as shares on open exchanges. For example, SPY is an ETF with a portfolio designed to mimic the S&P 500 index. + +ETFGME - ETFs containing GME + +FTD - Failure-to-Deliver - after the sale of a security, the seller (believe it or not) has 3 days to deliver the security to the buyer, otherwise the share is deemed failed-to-deliver - a FTD. + +AP - Authorized Participant - “An authorized participant is an organization that has the right to create and redeem shares of an exchange traded fund (ETF)….When there is a shortage of ETF shares in the market, authorized participants can make more. Conversely, authorized participants will reduce ETF shares in circulation when the price of the ETF is lower than the price of the underlying shares. That can be done with the creation and redemption mechanism that keeps the price of an ETF aligned with its underlying net asset value (NAV).” + +MM - Market Maker - Market Makers, very generally, oversee markets and quote bid/ask prices to create a spread. They stand ready to buy or sell in their market, and they have algorithms coded to hedge these transactions and profit from arbitrage along the way. + +HF(s) - Hedge fund(s) + +// + +&#x200B; + +**THE SHOULDERS OF GIANTS - REQUIRED READING.** + +**Part 1: The FTD Cycle.** + +https://preview.redd.it/s3odahn1rh871.png?width=616&format=png&auto=webp&s=8c3f53e1404d686cf2a0cbae90e06d873e4d0a94 + +Not enough credit can be given to u/dentisttft and his post detailing the T+35 FTD cycle, SLD periods, and how it relates to volatility in GME. + +This is a must read to understand the bigger picture, and give this guy more awards. + +[https://www.reddit.com/r/Superstonk/comments/o155a6/t35\_is\_the\_one\_true\_cycle\_evidence\_to\_back\_my/](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/) + +&#x200B; + +**Main take aways:** + +* T+21 are approximations of T+35's low liquidity periods. +* FTDs are created T+#settlement trading days. For regular naked shorting this is T+2. (more on settlement dates later) +* MM's wait to cover to attempt to maximize their profits. +* 34 calendar days after the generation of an FTD, MM's must cover. (T+35 days if you count day of FTD creation) + +&#x200B; + +**Part 2: Shorting through ETF's** + +In a mysterious fashion, a now deleted user /u/leavemeanon (Anon) dropped the mother of all DD's detailing how MMs and HFs can use ETF's to short a stock. + +There's been numerous references by Gamestop to this user, but nothing else is known about /u/leavemeanon or his real origins. + +Though the original user and posts are gone, u/VoxUmbra was nice enough to find and upload an archive of /u/leavemeanon's posts. + +Read all 3 parts. + +[https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip\_uleavemeanon\_where\_are\_the\_shares\_part\_1/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/nt8ot8/rip_uleavemeanon_where_are_the_shares_part_1/?utm_medium=android_app&utm_source=share) + +**Main take aways:** + +* APs and MM can short securities by selling ETFs without finding underlying shares to create said ETF. Like selling a fruit basket, but promising the fruit later. +* This is made possible due to a T+6 settlement of ETFs, and another securties act 1933 loophole allowing OFF-THE-BOOKS record keeping if you decompose an ETF. These shorts are naked and untracked by SI%. +* Insitutions can theoretically cycle ETFs every 6 days to hide shorts indefinitely, while being eaten alive by interest and premium. +* ETFs alone hold nearly the entire float of GME on their own without a single share of retail. + +&#x200B; + +&#x200B; + +**Part 3: Hints at Overvote.** + +The single greatest piece of direct evidence of an overvote is this rounding error found by u/Rimigo42 + +[https://www.reddit.com/r/GME/comments/nw9sl1/math\_error\_in\_8k\_filing\_possible\_a\_typo\_that/](https://www.reddit.com/r/GME/comments/nw9sl1/math_error_in_8k_filing_possible_a_typo_that/) + +Other hints at overvoting: + +[https://www.reddit.com/r/Superstonk/comments/nx9awr/there\_was\_an\_overvote\_the\_votes\_were\_trimmed\_to/](https://www.reddit.com/r/Superstonk/comments/nx9awr/there_was_an_overvote_the_votes_were_trimmed_to/) + +[https://www.reddit.com/r/Superstonk/comments/nw8ak8/you\_cant\_report\_an\_overvote\_on\_an\_8k\_pass\_it\_on/](https://www.reddit.com/r/Superstonk/comments/nw8ak8/you_cant_report_an_overvote_on_an_8k_pass_it_on/) + +**Main take aways:** + +* Rounding error indicates votes ARE trimmed. +* Trimming is *typically* reserved for overvotes. + +&#x200B; + +&#x200B; + +**Part 4: Regulation and recent changes to chess board.** + +[https://www.reddit.com/r/Superstonk/comments/o57231/dtcc\_icc\_occ\_nscc\_have\_covered\_their\_assess/](https://www.reddit.com/r/Superstonk/comments/o57231/dtcc_icc_occ_nscc_have_covered_their_assess/) + +**Main take aways:** + +* 002 makes everyday an SLR period, and no longer on a rolling cycle. (Added to federal registar, now official) +* Rest are generally there to protect the core DTCC, not malicious shorting HFs. + +// + +**MOASS** + +Warning this is kinda datey, no promises. You gotta keep up the hype though, Hedge funds are hoping to drag this out hoping to collect enough option premium from retail to cover their losses. Time is mostly on our side (months), but wait too long and they WILL defuse the situation by eating retail premium. + +&#x200B; + +Ok lets start. We all know GME has been in a fight with predatory trading practices for awhile now. To the extent we find ourselves at the very beginnings of a short squeeze. We know this thanks to the hard work of u/dentisttft who broke the FTD code as indicated above. However, last month the publicly known FTDs HAVE died down quite a bit as indicated on SEC's website. I use the word publicily here because as Anon has pointed out, many naked shorts can be hidden through the use of ETFs - more on that later. + +&#x200B; + +Lets first take a look at the events of 6-9-2021, the day prior to ShareHolder's Meeting. It is a not a fond memory for many apes. The 5 million share offering did hurt the price after the announcement, but what really made things bad at the time was the intentional capitulation /short ladder BEFORE the meeting by shorts causing a 10% decrease even before GME tried raising capital - THIS IS WHY WE HOLD, money going to hedgies rather than the company that needs it!. + +&#x200B; + +As pointed out by ZION LION u/ZIONLIO29288757 on twitter here: + +https://preview.redd.it/00nkii14rh871.png?width=589&format=png&auto=webp&s=faecc15e333fa1b0678d6811bc7ae57a8071a0ca + +Many of ETF were sold short. What does this mean from the perspective of MOASS? Well a few things. + +As Anon explained: ETFs can be unpacked to retreive the shares inside. What I suspect happened are that MM and other HFs that knew an offering was going to take place, purchased a bunch of ETFGMEs while simutaneously shorting GME. MMs(et al.) can later unpack ETFGMEs to cover their shorts. But this leaves a question where are the naked shorts? + +&#x200B; + +Well Anon answered that too. Shorts created by selling uncovered ETFs do NOT have to be reported unless they turn into FTDs at T+6 due to a loophole in the Securities Act of 1933. However, you can cover your prior naked short by buying yet another ETFGME and unpacking it, thus passing the naked short down the line to the next AP that created the uncovered ETF - and best of all, not report it to anyone. This is equivalent to selling empty fruit baskets without the fruit, and covering said basket with another empty basket every 6 days. ETFGMEs holders are owed GME shares. + +&#x200B; + +And as Anon has pointed out, GME's entire float is already locked within ETF shares without counting a single retail share. Considering that at the same time we apes also hold the near entirety of the float back in April 15th, we know this based off GME's 8-K filing. There is undeniabily, at a minimum 1x float worth of GME naked shorts floating around (even excluding overvote scenario). the MOASS will be a financial lesson taught to your grandchildren for decades to come (if you decide to have them). This doesn't even take into account an overvote, nor possibility of any naked shorts overseas due to different reporting regulations overseas. Buckle Up. + +&#x200B; + +**The fatal moves of 6-9-2021:** + +https://preview.redd.it/7ljlofc5rh871.png?width=1349&format=png&auto=webp&s=473eb82eb33834db86f30bcd09b95c6249bff9ff + +This was delta neutral MM's shorting GME and covering their shorts almost immediately by buying ETFGMEs, and passing the naked GME short onto the ETFGME creator - the AP's (think Citadel et al.). It would become near impossible to hide the FTDs from the T+6 settlement, as naked shorts would preoccupy the next ETF. Looking at settlement, FTDs from 6-9-2021's ETFGME short should occur on 6-17-2021. + +&#x200B; + +The following day on 6-10-2021, we all remember was the day of the combined 10% + 10% drop. The pre-dilution 10% drop was the initial MM short + covering, the next drop however was all AP's (Citadel et al.) plus the added selling pressure by 5 million share dilution. Effectively GME was shorted twice by AP's, and probably covered half by the drop. Leading me to think AP's and Short HFs have net added to their short positions since earnings. This is well suported by the daily short volume on GME being greater than 50%. Because 6-10's were normal shorts - FTDs would be created on 6-14-2021. This coordinated (COLLUSION) attack by combined MM's and AP's was likely aimed at full capitulation, they FAILED and all they did was use up a lot of their firepower, further increased their short position, and set the floor we are trading now. + +&#x200B; + +Why these dates are important. FTD filings and SEC reports occur on the 14th, and last day of the month, meaning we will only see at most HALF of total shorts reported this Wednesday 6-30-2021. Keep that in mind, because we'll be see increasing GME FTDs through this month's report on last month's FTD activities. + +&#x200B; + +|Short Type|Settlement|GME occurrence|FTD creation|SEC reports|T+35 covering| +|:-|:-|:-|:-|:-|:-| +|Naked ETF shorting|T+6 trading|06/09/21|06/17/21|07/15/21|07/21/21| +|Naked Stock Shorting|T+2 trading|06/10/21|06/14/21|06/30/21|07/18/21| + +&#x200B; + +SEC report dates here: + +[https://www.sec.gov/data/foiadocsfailsdatahtm](https://www.sec.gov/data/foiadocsfailsdatahtm) + +&#x200B; + +This will start the ball rolling as long HFs will be watching the FTDs. A sizable increase in FTDs would green light Long HFs to start adding a ton of buying pressure. Remember T+21 is a FUD narrative (only an approximation on SLR and the real T+35, which is now patched with DTCC-002). This will continue throughout most of July, because of DTCC-002 SLR is everyday. + +I was able to pull the FTD data from today, so if you turn your attention here, you'll can see the FTD uptick. + +https://preview.redd.it/1zg9gg67rh871.png?width=733&format=png&auto=webp&s=5d2597bdf74cb7ed123234572deb8439c656f566 + +Another key is concentrated buying pressure - because of how the US markets are constructed. Long play BS (the way it's portrayed) on r/superstonk is by far some of the worst FUD here, not just because it's bad investment advice, but because it is a pathologically lazy statement for people thinking the price will climb slowly to millions over their lifetime, and they can get in 2 months from now and expect the price to still be at $200. Think of this from the FTD POV, the only way to increase FTDs is concentrated buying pressure. This is a battle against market manipulation, if shorts win the price will fall and will never make it's way back up because they will reinforce a ceiling by buying and controlling the float themselves, but a retail win will cement a higher floor as the FTD bug provides a floor that locks wealth in the market and makes it hard for new shorts to push the price down. Someone do a seperate DD on this! It is in Gamestop's best interest for retail win as it would mean more capital in the long term. HFs manipulate and pull liquidity away during capital raises, making it hard and even costly to raise capital - Retail has no such problem. + +// + +&#x200B; + +**SPECULATIVE SOCIAL REASONING FOR MOASS AND HYPE** + +Interestingly I believe there's a good chance Ryan Cohen is going to trigger the MOASS with the announcement of a Gamecoin (**speculation**, **sidepoint**). As prior posts have pointed out, there's a hidden launch date hardcoded to 7-14-21. There's alot of good DD on this topic, mainly because most of the shills don't actually know enough about the topic (shill lackey). Generally, at the launch of digital coins, either they are bought at open market immediately or they are sold prior to stakers who then sell on the open market. + +Digital currency is unique amongst all securities, in that it's value is driven purely by supply and demand. Given a fair exchange without excess leverage, the price of the currency is dictated by the holder, where it should be. + +This means it pays to be first buyer of any Gamestop coin, especially if it's tied to your GME shares. To be first you need to have funds readily available for trading to purchase the moment any potential Gamecoin hits the market. Unfortunately, anyone that's tried digital currency knows there's typically a waiting period on USD funds. This can be bypassed by having a digital wallet with funds ready to go to quickly send funds to Gamecoin's host exchange. So heads up \^\^ here. + +**Edit, to be clear: GME is the play. Heads up is referring IF you already have a wallet.** + +**If** a Gamecoin is released, you can be dam sure the Gamecoin price will skyrocket (As any holder of shorts will need to pay this coin to shareholders). However, it would make very little sense to allow the coin to be sold first to the open market if it's first being distributed as a dividend. Though ultimately this is a mute point in the case of real short interest being over 100%, as GameStop would simply only release just the right amount of coins to cover the float. Market forces and a proper working exchange will manage the rest. + +&#x200B; + +So if we assume the GameCoin will be used as a dividend, when does GameStop need to make the announcement? + +10 calendar days prior to date of record - July 4th. + +[Solve the Anagrams, Win a prize!](https://preview.redd.it/3g70o8r8rh871.png?width=598&format=png&auto=webp&s=0b91f4f32348122b51e49c64ecf16848e9fa3758) + +// + +Calling everyday Hype is FUD, concentrated hype is how you break sell-walls and force shorts to cover + +**Here's a Hype Calendar Summarizing the above:** + +https://preview.redd.it/4ogw319arh871.png?width=921&format=png&auto=webp&s=83a2876392a795c056651c5af1809e138a0cf6fe + +// + +**TECHNICAL REASONS FOR MOASS** + +I want to give a shout out to Reddit-censored youtuber\*\*. Who's most of the time down to earth. In one of his more recent summaries found [here](https://www.youtube.com/watch?v=WCSb61wD7aM) he made an interesting observation. + +There are bullish technical indicators all around indicating huge suppression and fuckery, as of late. + +\*\*PS. Debugging the reddit filters was a pain - LMFAO, you can't drop his name on reddit. + +&#x200B; + +As a Technical Analysis(TA) guy myself. Here's just ONE example: + +https://preview.redd.it/nu1dkj0grh871.png?width=1305&format=png&auto=webp&s=e76e15f15757ca1710530d5450bac3b2859a31e9 + +But really **confirm it for yourself,** pull up really any reliable TA metric designed to track fuckery, like RSI/MACD divergence, Bollinger Bands, Crayon lines, you name it. We are overdue for a huge correction upward. The Hype is real. + +// + +&#x200B; + +**In short, I am but one Ape trading on my own.** + +**This DD is in my best interest as the more educated we Apes are, the more concentrated firepower we have as a whole. It pays to be on the same page.** + +&#x200B; + +**Edit: I am NOT suggesting you buy digital currency (it's not confirmed and is pure speculation). But heads up if you happen to have a wallet.** + +**Edit2: This is why I love the community, the reviewers.** A commentor below **pointed out Gamestop's Q1 ended May 1st. This puts Gamestop's Q2 end on Aug 1st. I will have to think about this, if dividend is justified.** + I bought into SNDL at $3.94 2 days ago. I did not realize that thus ticker was the subject of a pump and dump when I decided to take a position, I had been watching the graph, performed a small DD and had been reading that it would be good to go long. + Yesterday it "corrected" and down -50%. After a bit more research I've arrived at a point where I'm conflicted. I was under the impression that this stock was undervalued, yet I'm finding it impossible to conclude that SNDL will appreciate to the price of $3.94 and beyond anytime soon, if at all. + I'm willing to hold, at least for a month to try to recoup my losses. What are your thoughts on this stock? I realize bow it had been targeted and I will make sure I add this to my research before making a play like this again. I'm wondering if anyone thinks this stock is bound for $4 or better in the near future, or should I cut my losses, reasses and invest whats left into a less volatile ticker? +What are your thoughts? +Yo retards something big just hit the scanners. Someone just bought 79,000 contracts of GE calls expiring this week. Did one of you retards confuse GME with GE? There's an M in the middle you retards. + +Anyways, GE ER is tomorrow. It's either super smart money going long who's gonna print millions from this trade or one of you retards just randomly fatfingered GE thinking it was GME. + +Yo retards dont go all in I just catch trades on the scanners maybe this trade is just some retarded trade from an underperforming hedgefund + +Edit: didnt realize that this post was gonna go this heavy. I just scan the markets for weird trades. I’ll keep posting but like dont go all in guys please diversify your trades and do proper risk management + +Congrats to all call holders those went to 0.78 at open +Last week I drew out a chart looking like this + +https://preview.redd.it/acopf56dr9m61.png?width=1184&format=png&auto=webp&s=921fe515d9d1fe8b49c7fc0ff410a016c0b3d5d6 + +Lets see the results... + +https://preview.redd.it/8odmmly13am61.png?width=1142&format=png&auto=webp&s=0860362e90fb97b8484df24335ec93dc79e259e4 + +The chart played out perfectly with the 3rd daily candle now sitting around the $260 area. The only difference is the chart has a **retarded doji** instead of a normal candlestick. This retarded doji now makes me think the squeeze potential is much higher & close to happening. Let me break it down. **The GME rocket is nearly fuelled up ready to go full retard mode.** + +We have just completed a cup & handle gap fill from a gamma squeeze which is why the stock has pushed up this week, however the stock has the ability to push a lot further before the eventual short squeeze. This is due to **IV** (implied volatility). For instance, let's say GME increased from $260 to $269, that would be a 9 dollar difference with a 3.4% increase. Now let's say GME was $20 and increased by the same amount of dollars to $29. It would be the same dollar difference but with a 45% increase in share price this time. This is the exact reason why the gamma squeeze in January was unsustainable and died down quickly because it had a low IV. It went all the way from around $15 to $450 in a quick space of time which the stock itself couldn't handle. Now that GME has had a steady increase to $260 per share, it has a much higher IV & will be able to sustain a $450 price tag without crashing down as it would only be a 73% increase. It's crucial that GME sustains this gradual increase in share price so it can increase it's IV and have the ability to go to **$69420 per share** from a technical point of view. + +**Why the stock was heavily attacked today & what the stock needs to do to go to $69420 per share and why it WILL** + +We established that GME had enough IV to go from $15 to $450 for a brief period of time, that's a 3000% increase. That means that if GME can slowly get to $2314 per share, this will be the launch pad for GME to increase by 3000% to go to $69420 per share. To go to $2314 from where it's at now at $265, that's only an 873% increase which is much less than the 3000% increase in January. A crucial point was when the stock recently ran up from $40 to consolidating at $120, this is CRUCIAL as the fact the stock didn't crash back down means that the 300% increase is sustainable for the IV. Using this calculation I can concur that in order for GME to get to $2314 per share & stay there, it needs to slowly run up to $772 per share so it can increase by 300% to get to $2314 and be a sustainable launch pad to $69420. This is why the hedge funds short attacked the stock today with all they could as they realised this and are scared shitless. + +If a low IV causes a major move to the upside to crash back down, that means that a major move to the DOWNSIDE will cause the stock to go UP. This is why hedge funds are truly FUCKED because this was their only opportunity to try & trigger a sell off to cover at a low price and they could only get it down to $180. They still haven't covered yet. What they have done now is actually increase the IV of the stock with the retarded doji and now it may be EVEN easier to get to $69420. **If you see another sharp drop again due to a short attack it is nothing to fear, I am only talking about how GME needs a steady uprise, it doesn't matter if it has sharp dips, they only make it easier for the stock to rise quicker.** + +***I have to say it's very dirty what the hedge funds tried to do today... make the stock tank 40% then put out pre written articles about the tank to scare people into selling. That is not only chart manipulation but a malicious attack directly towards the company and it's shareholders who just like the stock & weren't ready for a 40% loss on their investment. It's not the shareholder's fault that hedge funds naked shorted a stock over 100%, that's a conscious decision they made themselves to do & turned out to be a bad one. It shouldn't be the reason why honest shareholder's saw an unprecedented 40% loss on their investment today.*** + +**TL;DR** I like the stock & it's fundamentals, I think it's a great company. They generated over 6B revenue before the pandemic and are now transforming their business model into e-commerce. I believe they will become one of the world's leading gaming companies. I am very bullish on GME. I like the stock. It seems to have a lot of respect from the public who also like the stock & the company. I believe the entry point of $269 per share is a great long term hold, the short squeeze is just another attraction & interesting to see & analyse + +This is not financial advice, I am just a retard who did some math and came up with random numbers +There are frequent posts on this (and other) boards regarding the fear of a potential bear market. Many of us who have been through several recessions try our best to communicate what it was like but that's a hard point to convey in a few sentences on a public internet message board. + +I'd like to recommend a book I recently rediscovered in my attic. **The Investor's Manifesto** by William Bernstein was written in 2009 during the depths of the Great Recession and it does a fantastic job at articulating just how gloomy the stock investing landscape was at that time. + +[https://imgur.com/a/PiUayb0](https://imgur.com/a/PiUayb0) + +More importantly, Bernstein provides a good overview of modern portfolio theory and how so many investors could have spared themselves from financial ruin if they had just implemented a few basic risk management steps to diversify their asset classes properly. + +&#x200B; + +The Investor's Manifesto (William J. Bernstein) + +\- Your Highlight on page 84 | Location 1285-1288 | Added on Sunday, February 2, 2020 2:43:45 PM + +>"There are certain things that cannot be adequately explained to a virgin either by words or pictures. Nor can any description that I might offer here even approximate what it feels like to lose a real chunk of money that you used to own." --Fred Schwed +From this link: http://www.politico.com/story/2015/06/obama-overtime-rule-wage-raise-119566 + +I see this change, if it goes through, will effect those like many of my friends who are store managers of neighborhood stores and fast food chains. + +For those that don't know, these places are part time employers with a 30 hour maximum unless you become management whereas then you jump to salary and work close to 50 hours a week for $450. + +I don't expect many of these employers to pay managers close to $1000 a week under the new rules so expect some changes which most likely would revert managers to hourly and maintaining a 40 hour week or paying overtime. This change by Obama seems to not have gotten much attention compared to minimum wage proposals. +My parents want a new car and have asked me to take out a $35,000 loan with the bank to purchase it. They're buying a house this year and don't want to do anything that would jeopardize their credit score. I don't have any big purchases on the horizon, and they've promised to pay the car notes each month. + +I'm pretty new to personal finance and would like to know if taking out this loan could hurt me financially somehow? + +EDIT: Thank you everyone for weighing in! I know it sounds absurd that I even considered this, but it's nice to hear that my feelings of discomfort with taking out this loan were valid (and don't make me a selfish daughter). Going to implement some of the points you guys raised in the conversation I'll have with my parents about financial boundaries. It's definitely long overdue. Thanks again! +&#x200B; + +[The Theory of Parabolic Activity for GME. 1 Day Chart.](https://preview.redd.it/vvzpex1wkw171.png?width=2704&format=png&auto=webp&s=cb9f91a2dacae325c90c3476c8a94093005eb41e) + +# The Theory - Whenever GME has dipped below RSI 53, a parabolic event occurs within 2-3 weeks. + +**Previous Data Posts** + +[Working Theory - Imminent RSI 100+ Parabolic Event](https://www.reddit.com/r/Superstonk/comments/n02o5f/gme_working_theory_imminent_rsi_100_parabolic/) + +[Working Theory of Parabolic Events 2.0](https://www.reddit.com/r/Superstonk/comments/neopc9/working_theory_of_parabolic_events_20/) + +# Parabolic Event Criteria + +* Negate the first five trade days within a 21-day cycle. +* MACD must be in an ascending pattern. +* RSI must exceed 60. +* Volume must exceed 2x the value compared to the previous trade day. + +# Cycle + +If the criteria is not met within 21 trade days, the cycle will end and will begin on the next occurrence of RSI dipping below 53. + +&#x200B; + +# History of this Theory + +On 3/10, GME had peaked and reached a price of $385.50. From that point, it had declined in price and overall strength. It finally dipped below RSI 53 on 3/23. The data that day was, RSI 53, Open $197.50 High $201.75 Close $181.75 Volume 12,517,039. + +&#x200B; + +# Theory Test Run 3/24 - 4/22 (Full 21 Day Cycle) + +**Day 1 Below RSI 53 - 3/24:** MACD descended, and the RSI had dipped below 42. Volume was 22,934,394, nearly double the previous trade. I knew that to test the theory. I'd have to have the variables that I established in place. GME was cooling off and was in a downward trend. + +**Day 7 - 4/1:** MACD ascends, RSI 54.42 Volume 9,264,929 + +**Day 14 - 4/13**: MACD descending, RSI ascending 42.44 (very weak) + +**A Disturbance In The Force Occurs** + +**Day 15 - 4/14** \- MACD began to ascend. RSI ascended to 49.80, and volume was 21,079,645, more than triple compared to the previous trade day. Instead of resetting the 21-day cycle and keeping in line with the theory, I decided to keep tracking. At this point in the cycle, the price went from $143 to 181.98. I was happy with this data, but I knew there was a missing variable. + +**Day 21 - 4/22:** Open 159.10 High 159.10 Close 151.17 Volume 4,323,672 + +&#x200B; + +# The Theory Evolves + +At this point, I reassessed the theory and realized that in the previous parabolic events, volume was the driving force. Volume was the missing variable that the theory needed. So I kept tracking the daily data and waited for the subsequent rise about RSI 53. + +&#x200B; + +# Wait Phase - Start + +**4/23:** The RSI had tipped ever so slightly upwards towards 45.75. The volume was 4,016,752 and somewhat smaller than the previous day, but the closing price was $151.18, a **0.01%** increase. + +**4/26:** MACD continued to ascend, RSI rose to 52.10, and volume was 9,415,856. + +**4/27:** MACD continued to ascend and was close to crossing over. RSI rose to 54.85. Volume was 8,892.032. My initial theory post is made public. + +*At this point, 2 out of 3 variables were met. I'd note the volume and keep an eye on the RSI.* + +**4/30:** MACD Ascending, RSI 53.09, and descending. Volume 4,395,531. + +&#x200B; + +# The Wait Phase Ends, A new 21 cycle commences. + +# The Theory Testing Begins on 5/3 + +&#x200B; + +**Day 1** \- 5/3 - MACD was ascending RSI 48.23 Open $177.49 High 177.49 Close 162.20 Volume 5,245,426 + +**Day 7** \- 5/11 - RSI 42.50 **(Ascending)** Open $137.00 High $150.50 Close $146.92 Volume 4,669.290 + +**Day 14** \- 5/20 - RSI eclipses 53 Open $170.79 High $174.91 Close $170.49 Volume 2,467,112 + +&#x200B; + +[ 5\/20 - RSI eclipses 53 - The shift begins. 1 Day Chart.](https://preview.redd.it/whlcafircw171.png?width=308&format=png&auto=webp&s=74a3fe980b32618030e84fab18ed5a4bbb571fb0) + +&#x200B; + +**Day 15** \- 5/21 - RSI 55.40. MACD ascending, Volume increasing. The planets align! + +# Major Parabolic Event Begins + +**Day 17** \- 5/25 - RSI 67+ MACD Ascending, Volume 14,450,827, 3 times the size compared to the previous trade day. + +&#x200B; + +[The lead-up. 1 Day Chart.](https://preview.redd.it/gpxum8ayew171.png?width=630&format=png&auto=webp&s=e410cc9456616d964e197bba7b734ecc48c05592) + +The chart above depicts where we are now. At the time of this posting, GME has hit a high of $268.80 on 5/28. + +&#x200B; + +# Some minor data to note: + +[In the chart below, the first arrow points to 5\/13 and the MACD ascended and the second arrow is pointing to 5\/17, the first-day MACD turned green. ](https://preview.redd.it/lfztuna49q171.png?width=2370&format=png&auto=webp&s=21d360b3c524e8b582faa2a19456f27e4c405158) + +[Showing we had not been in this RSI 70+ territory since 3\/9.](https://preview.redd.it/1gygjr09aq171.png?width=2298&format=png&auto=webp&s=7c335b91ce711c06a95fec89fe468f905440a4c2) + +&#x200B; + +[Notes along the way.](https://preview.redd.it/8cecdkjhlw171.png?width=1668&format=png&auto=webp&s=8bacd3a20e206fc7eb62bb85f8883df32c2b6c9b) + +&#x200B; + +&#x200B; + +&#x200B; + +[All we have to do is hold and enjoy the ride!](https://preview.redd.it/sqofwv62hw171.png?width=554&format=png&auto=webp&s=af19d6a1b9cf7151abd7d14a02c7e4cf27ac1af1) + +&#x200B; + +**Conclusion:** The theory provides a way to determine implied volume and parabolic activity. Being able to have indicators for movements like a parabolic activity will only improve our way of understanding the evolving trade environment in which we all find ourselves immersed. I feel that the theory can be applied like a tool. Just like the various indicators we use on charts, this can provide an insight and a different way to predict how GME reacts and moves in varying market conditions. Lastly, I appreciate all that have followed along and the feedback that I've received to ensure accuracy. We truly are a force to be reckoned with. + +&#x200B; + +# Apes Strong Together! 🦍💚🍌 + +**UPDATE 1:** Someone pointed out that my titles have changed. I am the first to say, that I suck at titles and I looked at this as an evolvling journal in a sense to track the data. My process for the most part worked like this: track data, consolidate data, assemble data, give it a name, post/file and move on until I had something pertinent to report. I'm sorry for any confusion. 🙏🏽 + +**The Titles:** + +**GME - Working Theory - Imminent RSI 100+ Parabolic Event** + +**Working Theory of Parabolic Events 2.0** + +**The Theory on GME Parabolic Activity** + +It would be wicked cool if the next title was like, **An Analysis of** **GME Parabolic events and the MOASS**. 🚀 + +**Update 2:** I posted the data from u/Criand [Theory on the FTD Loop Missing Link - a T+35 surge followed by an infinite T+21](https://www.reddit.com/r/Superstonk/comments/nf22qz/theory_on_the_ftd_loop_missing_link_a_t35_surge/) + +Data from April to May (current) lined up with Criand's data. + +https://preview.redd.it/zj2j0t48my171.png?width=2801&format=png&auto=webp&s=7f092fa26db7ed0dd8145350b68ef4653df55955 + +&#x200B; + +**TL;DR:** A hybrid technical analysis can be applied to GME. Volume is key! Data is fun and seeing other DD's align with accuracy is amazing to see. 🚀 +AVG Purchase Price is: $26.41 + +Currently Selling $31+ Calls a week out and roughly pick up $1000-$2000 a week + +Should I be selling further out - picking up more premium and then buying back at 50%+ Gain + +Or is my strategy right now, selling Calls on Friday, buying them back for pennies the NEXT Friday morning and then selling more calls for the next week right around the middle of Stock Market while it’s open + +Been doing this Since Options we’re available for RKT + +Been working so far and I’m surprised I haven’t been assigned yet + +Any better strategies I can do to lower risk? + +I’m long term bullish on the stock and don’t mind making less premium by lowering risk +I’m long on AMD, and my June ‘23 60C leaps has tripled in value since I bought it and now has a 0.98 delta with the latest pop. Since I’m a firm believer in AMD, here are some options I was thinking of: + +1. Hold my call, potentially sell or exercise if needed when I approach expiration in 2023. +2. Roll up my strike price to around 110 for a 0.8 delta, and capture my gains. I’d save this cash for the next dip opportunity, and double down then. +3. Sell my call, and buy two calls with lower deltas for roughly the same price. I believe this would simply increase my overall leverage to amd. + + +What are people’s thoughts on which strategy I should choose? Option 1 seems simplest/safest, option 2 would be nice but depends on me sorta timing the right time to buy, and option 3 seems very bullish on amd. Also open to other strategies with what I should do. + +🚀🚀🚀 AMD 🚀🚀🚀 +For those selling CSPs, do you maintain the Cash in actual Cash, or other low risk securities like US Treasuries? + +With the 1Yr UST yielding almost 5%, on a $1M account for example, you can earn up to an additional $50k depending on assignments. Curious of the downside here. +(https://www.globenewswire.com/news-release/2020/09/08/2089940/0/en/Corbus-Pharmaceuticals-Announces-Topline-Results-from-RESOLVE-1-Phase-3-Study-of-Lenabasum-for-Treatment-of-Systemic-Sclerosis.html) +The chances are that you fall into one of the three pitfalls that cause most investors and traders to fail: + +* You lack an appropriate strategy. +* You take too much risk. +* You invest and trade on emotion. +I sold a put on CLF and only realized I did it on earnings week. Ended up getting assigned, weirdly on the morning of expiration day, and now I'm forced to look at the red. I'm still content with CLF but man it hurts having to look at the red unrealized losses all because I inadvertently sold on earnings week. I need to start learning to pay extra more attention. +I've been selling 40-50 dte condors on stocks to try to collect theta, but I've had a very difficult time trying to figure out what to sell. I have $10k in my account and I try to sell condors on at least 3 different stocks, but so far I've found it difficult to decide which stocks to sell condors on and I feel that what I've been doing is just looking at the charts and if a stock's historical volatility for the recent month has been low, but I dont think that's a great way of doing so. When you guys try to sell options to collect theta how do you choose which stocks to sell it on? +Sorry for my ignorance if this is common knowledge stuff—but for people who have started with a lump sum of money and have acquired wealth from investing (not a job with regular salary, etc), how do they have “daily” money so to speak without withdrawing from investments? I know that most investments come with penalties and are not meant for constant withdraws, but are more of a long term thing. +BlackRock, the asset manger with about $10T in clients assets, has just said that it will release a private fund for its clients to have actual spot Bitcoin. Meanwhile we are not getting a spot ETF approved by the SEC. How are those people buying at BlackRock any better than normal retail investors? + +Having BlackRock go so offensive with Bitcoin and offering it openly to their clients shows that even the big institutions know it has no harm to offer it to the retail and makes it once again clear how senseless the constant SEC rejections for a Bitcoin Spot ETF are. +The EV market, and the entire car market in general, is riding an unsustainable bubble right now. People are buying cars they can’t afford, repo rates are through the roof, and the shortage of supply is leading to dealerships charging absurd markups for average cars. + +I really really hope a 2008 style correction happens soon, otherwise cars are going to follow the footsteps of housing in terms of unattainability. There are already 96 month auto finance options so only a few steps until we’re talking mortgage numbers + +It’s not that the financing *rates* for cars are terrible, its that cars are so expensive that the financing *terms* have had to skew *far* longer than a normal auto loan. + +It used to be that the average car loan was 36 months. Now, with cars so expensive, they've had to kick financing options out to *96 months*. Even at a low interest rate, carrying an auto loan for *8 years* is pretty ridiculous. + +Auto loan *rates* be damned, the cost of cars has gotten so inflated. + +How would one profit off a automotive market ”correction”? +# And we're back + +This is a continuation from [part 1](https://www.reddit.com/r/Superstonk/comments/ovs64k/a_cyclical_history_of_tomfuckery_in_gme_part_1/?utm_source=share&utm_medium=web2x&context=3) since I used so many images in explaining myself. + +# So, we have some options in line pun + +The shaft of the McDICK era was seen to have a noticeable constantly linearly decreasing value from \~2016 to \~2019. + +[Porn Version](https://preview.redd.it/ycsnj6idxqe71.png?width=624&format=png&auto=webp&s=e668a75c05ca16b5634c0662a6582780fab209b1) + +&#x200B; + +[Non-Porn Version](https://preview.redd.it/jjhmnouexqe71.png?width=624&format=png&auto=webp&s=ad3f993783943d4b757155f097ceeea5ac01b249) + +From the OBV, it does not appear that retail is causing the price drop, let’s check out the VIX and see what fucking happens when we put these together!!! + +# GME must be a woman because it has a cycle + +While the VIX R\^2 may not be the highest check out the fucking regression equation. + +https://preview.redd.it/cfkihubhxqe71.png?width=624&format=png&auto=webp&s=77729f5d97db9c6faf0ee27d304389a58ae69658 + +During this time, GME and VIX were decreasing at THE SAME FUCKING RATE. + +https://preview.redd.it/ndli432ixqe71.png?width=260&format=png&auto=webp&s=f332c6f13a90bc2ceb2b47893a9d50ec8360eb13 + +Shit, the max of the VIX was even equal to the low of GME. Nice double helix. + +[Nice double helix.](https://preview.redd.it/7tujtydlxqe71.png?width=624&format=png&auto=webp&s=b662bde8d4400b117ca5c93b7f7fd52f547f6f0a) + +Same rate as well moving inverse similar to the C\*\*\*-KEN era. + +# The cycles + +Let’s look at volume because that’s always a fun one. I’ve had a column for the median values for that month to add some perspective as well as a column for how much time greater the max is in compared to that median. The median “Median / Max” was about 2.81 so I’ve highlighted any value greater than 2.9. + +https://preview.redd.it/fz2hv8tqxqe71.png?width=624&format=png&auto=webp&s=1fad4ace6be36df2e681e9c2620f65476c327466 + +Let’s see how many times each month were highlighted: + +[ ](https://preview.redd.it/voxeas4sxqe71.png?width=129&format=png&auto=webp&s=6429092d59efdf31f8d6d813fecc691faff1746f) + +Hmmm… Jan, Mar, Aug, and Nov were the most frequent months that had a stupid high volume. I did not include 2012 solely because I like nice formatting. During the McDICK, we see oscillating cycles that have been occurring for a shit long time. + +[ ](https://preview.redd.it/kdg2ksiwxqe71.png?width=624&format=png&auto=webp&s=a1d92da17f5f49d4d23f052587b5538821002b94) + +Seems like quite the commonly occurring overnight changes. Also, I focused on overnight change since I made the assumption retail isn’t really a factor (#SorryNotSorry Europoors) and therefore, more just hedge fund fuckery. Overnight has been calculated as: + +[ ](https://preview.redd.it/ziqo6d2yxqe71.png?width=225&format=png&auto=webp&s=cc2a50b1b45b543958e87a80dad2df6d4d8b6092) + +Looking at values from 2012 to 2020, it looks as if the greatest ones occurred like the end of each quarter. Interesting. + +[ ](https://preview.redd.it/5zk6qvdzxqe71.png?width=372&format=png&auto=webp&s=6c04f31ad38257f415c87a874d56c8d6e35ffecf) + +Let’s check the months that had the highest overnight change as well as volume, and look into the minute candles to see what they fuck is going on. Behavior looks REALLY fucking similar on these days: + +[January](https://preview.redd.it/90ayyhe0yqe71.png?width=624&format=png&auto=webp&s=cd5f2bd84b87728dd4369ff0c66d2ed400908cf3) + +[March](https://preview.redd.it/yt9nbe81yqe71.png?width=624&format=png&auto=webp&s=547ceded09196b448db646ab46fcfac842fe5501) + +[August](https://preview.redd.it/vv36d4f2yqe71.png?width=624&format=png&auto=webp&s=404201d2335eb90d8956749b060315c400b53359) + +[November ](https://preview.redd.it/rsl1ms63yqe71.png?width=624&format=png&auto=webp&s=4b49c8ae6d0672c53b8b051faf48a27c893a54a5) + +Let’s make a fancy table to list the day of the month and year. Well, shit on stick. They often have bene occurring around the same time frame if not the same fucking day. 2019 seems all fucked but remember how the OBV dropped due to the share repurchase? + +[ ](https://preview.redd.it/784b1iu4yqe71.png?width=359&format=png&auto=webp&s=1c44ebe8312678184c500684ce8afef4971f29dd) + +Let’s check the number of net total days in between those days: + +https://preview.redd.it/i409yzh5gre71.png?width=365&format=png&auto=webp&s=e6bbfc9b19dacbec136b46f55b2ff0b7e86d73b2 + +Let’s check these dates out. The red dates are for the ones from the greatest overnight change and you can also see how they often are the ones with a ridiculously high volume as well. + +[ ](https://preview.redd.it/6at1ez9cyqe71.png?width=624&format=png&auto=webp&s=d96e45c731538a7ef39141531090d54ffe21ff1a) + +# Conclusion / Thoughts + +C\*\*\*-KEN and McDICK have been acting in extremely similar ways due to both exhibiting a stupid number of married options. The most recent data has been showing cycles that have been repeating itself with even the dates being basically the same. Ultimately, shit has been fucked up for a long time. + +# TLDR + +The algo for GME has been so stupidly overpowering anything else that even the dates are pretty much the fucking same. Hold the fucking line. + +[GME share price sauce](https://finance.yahoo.com/quote/GME/history?p=GME) + +[Part 2 Tweet](https://twitter.com/pwnwtfbbq/status/1421826877870657540?s=20) + +Edit 1: Moved the net total days since it was off by a cell. + +Edit 2: TLDR + +# Random Non Sequitur + +[**INERTIAAAAAAA**](https://www.reddit.com/user/INERTIAAAAAAA) was very upset I used this image out of context. I assumed incorrectly that it was satire solely due to the funny names he used. I wanted to make it up to him by saying it wasn't satire and that he indeed placed a lot of time and energy into making this and how despite the funny names, a lot of technical analysis was used in creating this. + +https://preview.redd.it/x970y2tmyqe71.png?width=1566&format=png&auto=webp&s=dc31ea56387358eaa6caf15018f0972fb119be67 + +&#x200B; +\[moderators feel free to delete if i'm breaching any guidelines/not in the right place/this is not appropriate content\] + + +So i've been enjoying this community for the short time i've been on Reddit, and occasionally learn something really helpful - my main interests are skillful (and legal) tax minimisation and investment strategy. + + +I've been a small business owner/entrepreneur for the last ten years and it's been eye opening to realise how many people ask questions about job/career/salary etc. + + +When i see a question about "how do i hit my goals faster/pay off my house/improve my situation" my instinctive response is: + + +"add a side hustle/build some passive income/learn to sell stuff on the internet etc." +However that sort of advice doesn't seem to be what people are wanting to hear! + + +Also i remember when i did have a (low level corporate) job i always felt infuriated when i thought about the large % of tax that was getting taken out without my say so. + + +When i learned a bit about company structures and about what people with (successful) small businesses were able to do with their cashflow before paying tax i knew that was a better option for me (also im terrible at following instructions and dislike working 5 days a week!) + + +I'm also not sitting here thinking "small business is better than working for someone else" its obviously all about what works for different personalities and so on and i guess to a lot of worldviews it seems 'risky' though that hasnt been my experience. + + +I do remember when i first started my financial education journey (about 15 years ago) pretty much every book i read said: + + +"you'll never get rich working for someone else" and "learn to market and sell and you'll write your own cheque" + + +(yes they were always American books but i took them to heart LOL and for better or worse i went for it) + + +After (quite a few) failures and a solid decade of trying different things and evolving i now have a high level of financial freedom and security relative to where i came from and the people i went to school with. + + +I reckon it took about 7 to 8 years before the entrepreneurial path started to provide better financial returns than people with professional careers/corporate jobs + + +So i guess i'm curious: + + +Who here left their day job and found a less conventional path to financial wealth building and how long did it take before you realised you were better off? + + +or.. did anyone try it and realise "this is not for me!"? +I’ve read about it quite a lot, however I can’t quite wrap my head around exactly what it means and how it is beneficial. + +This sub always seems to be good at articulating concepts to newbies like me. Thanks so much! +I always hear about creative ways people can acquire a real estate deal and wondering if there is a way to make this happen. I realize it's a pretty big pill to swallow so maybe not but still interested to hear if there are options. I make about $361K per year currently (might be able to get it up to $400K) and my house is paid off and I have no debts. There is a strip mall with a large parking lot and three anchor stores that looked interesting to me. + +The property details are: + +* 78,063 SF on 14 acres +* 500 parking spaces +* 86% Leased +* 4-Star Retail Building +* 85,510 vehicles per day +* **Purchase price: $12,000,000 ($154/SF)** +* **7.25% Cap Rate** +* **NOI is about $870K** +Finally in a position where I could realistically save up down payment plus reserves and get in the game. + +I could do this with less money OR save longer term and invest with a syndicator I know. + +Is any of this even worth doing anymore? + +Prices are at all time highs, where I live they're starting to give tenants free attorneys in eviction court, and tenants can just stay and refuse to pay and you can't do anything about it. They've also passed lead paint laws meaning more cost to mitigate and comply. + +I see people say "if I'm profiting $300 or more a month I'm happy," yet one hot water heater or furnace replacement and that's pretty much the ballgame as far as your profit is concerned. + +Is this really the best way to build wealth anymore or should I be looking out for the next big thing? +18 living at home. I’ve got a decent amount of cash that I’ve saved. I found what seems like a good deal on a Fourplex in a neighboring state that I’d finance with an fha loan. Running the numbers I’ll still be cash flow positive with 3 units rented. I still want to live at home to be able to maximize my savings rate. As long as 1 unit is vacant and my mail is being sent there is it okay? The biggest concern is I don’t want to break any laws on my first investment property. +I own a rental property which was my starter home turned rental so I had no idea what I was doing. This is about 4 years ago. I currently pay them 60% of the first month if its a new tenant moving in, 30% of a lease renewal month and 10% every normal month it's occupied. + +&#x200B; + + I'm not sure if its dumb luck or if they are really good. my property has been occupied every month for the past 4 years (besides 1 month). The current tenant just renewed their lease for the 3rd time at the end of last year. + +&#x200B; + +Overall I am very happy with them but I am looking to get more into real estate investing so I'm first understanding what I already have better and then trying to get more properties. +So I've been wondering how property appraising really works out. Are granite counters going to make me more money or will quartz do? What about quality of cabinetry? Custom tiling in the shower? Does anyone have some type of spreadsheet, general advice, or statistics on what is worth an upgrade and what isn't? If a granite countertop costs $X I can expect a $X increase? How much does a new roof play into a property appraisal? + +I have been wondering this for a while but haven't had the time to really figure it out. Are there any good books on this type of thing? +I have a financial partner that wishes to invest with me in a multi family property I am about to go under contract on. We will be splitting the cash out of pocket 50/50 (down payment, closing costs, inspection, appraisal, rehab) etc. I want him to do this, because this will free up some of my cash for another investment. + +&#x200B; + +Now, what makes this tricky is that I did all of the work and I will be doing all of the future work. Finding the deal, closing it, maintaining the property, etc. + +&#x200B; + +This will be a buy and hold property. For at least 5 to 10 years. + +&#x200B; + +My only idea for distributing ROI to my partner is to agree up-front on some interest rate percentage, and simply buy him out at some point in the future. (For example, say he puts in $100k and we agree on 10% interest. I will pay him $110k later.) + +&#x200B; + +I would appreciate any suggestions +I'm about to get put into a weird situation. My wife's sister wants to buy a house for her kids, herself and long term boyfriend. Both the sister-in-law and boyfriend do not make much money and likely cannot get approved for anything or get the 5% down together very easily. I do not want to gift them $20,000 (houses around here are at least $400k). If I'm going to put down money, I'd like some ownership in the place so if things go wrong I won't be left holding the bag. (ie paying a mortgage of a house I don't own). Yes, I know this is less than ideal because I might have to kick out family members. + +How can this be made fair? Should I propose paying for half? What is my monthly financial benefit? What about maintenance and repairs? Insurance? etc.... + +Anyone found an equitable way to handle this? +Hi all, + +I'm running some numbers on a potential investment property that I'm interested in, and the returns are competitive: + +* \~15% CoC return - 28K annual gross profit on initial investment of 190K (down payment + closing) + +However, even with modest home appreciation assumptions of 3.5%, the returns of hypothetically investing all of the cash needed in the real estate transaction (down payment + subsequent PITI payments) into the stock market with a 5% return far surpasses the total return I'd get from the investment property in a 10, 20, 30-year horizon. + +Now I know the stock market hasn't been doing too hot lately, but a total market return of 5% seems pretty conservative if we look at the last 50 years. + +Am I wrong to include the investment of the PITI in the stock-market case? Most articles I've come across in my research never mention that component and only mention the initial cost of investment of the down payment and closing costs. + +Happy to share the model for a deep dive if people are interested. Thanks in advance! +I’ll try to make this as short as possible. + +Had an agreement with my girlfriends brother on a flip. He’s a very skilled contractor but has been down on his luck due to some workmen’s comp injury many years ago. We agreed on a project where I purchased the property/materials ect and he would provide all the labor. His only payment would be him getting 50% of the profit at the end of the project. + +Well he took 16 weeks instead of the 8 he estimated and went about 15k over budget. + +Wasted a lot of time taking 3-4 trips EVERY DAY to various home improvement stores. So it turns out he’s very unorganized and over all just slow. + +The estimate was that the house would sell for around 240-245k but one day maybe 3 weeks into the project a family friend of his who is a realtor told him he could see the house selling for (250-260) well he got fixated on this 260 number + +House is closing tomorrow for 235k with an appraisal at 240k and there will be a loss of about $1000 on the project. Meaning he did all of this work for nothing. + +He’s now blaming me for not using “his realtor” who said he could sell the house for 260. + +I can’t get him to understand comps and appraisals as he’s mostly just blowing up at me accusing me of cheating him and yelling at his sister (my gf) constantly about the whole thing. + +I have all the numbers to show him the loss and his over spending and wasted time + +I’m considering coming out of pocket maybe 5k to help the guy out but the way he’s been acting towards me is making me think otherwise. + +What would you do? + +This has definitely been a big lesson learned for me. + +(Sorry for any typos had to type this up quickly before a meeting) +Hey all, perhaps a stupid question, here. I have been finding myself more and more interested in investing recently, but I am hitting a bit of a wall in my understanding. I want to go out and buy guides and books, and keep track of financial news and actually, you know, *invest*, but whenever I read things such as [this](http://www.usatoday.com/story/money/personalfinance/columnist/2017/03/08/buffetts-best-investment-tip-everyone-index-funds/98525306/) where it is implied that even hedge funds cannot consistently beat the S&P...I wonder what the point is? + +I am not in this to get rich quick, but I do want the best way to accumulate money as possible (in 10, 20, 30 years, I mean) without having too much risk. I'm a fairly smart person - at a top 10 world uni for maths, so I *seem* to be okay at picking up stuff - but is that enough, even with practice and learning? Am I almost certainly better off investing in an index fund and not having to worry too much rather than spending time actively choosing stocks and other assets? + +Apologies if I'm using the wrong terminology or am just painfully ignorant on the matter. +Many people here, including myself, see crypto as a way to have a chance at maybe getting out of a bad financial position that we are in, get a house or hell even just a small room, pay off the loan that keeps increasing every month, escape the job that is killing you physically and mentally… + +And many of us hoped that crypto is the way to bring back the balance to financial world. To maybe enable us to actually live our life a bit. Do you still think so? Im starting to think that crypto is no different from traditional finances. + +Big boy CEOs having 70 million thick paychecks, influencers turning their followers into zombies that they leech the money off, scammers working overtime to get people into their honey trap, mega-wealthy trying to make the whole market move as they want it, and such. + +How is this any different? +I'm going to create a database for personal use, that permanently blacklists all bullish equity analysts that recommended NKLA stock. Accountability is an important thing. Is there any good website to scrape this data? When you go to finviz they display recent analyst views on stocks, for NKLA see below: + +"Aug-26-20 **Initiated** Wedbush Neutral $45 +Jul-16-20 **Initiated** Deutsche Bank Hold $54 +Jul-08-20 **Upgrade** JP Morgan Neutral Overweight $45 +Jul-07-20 **Initiated** RBC Capital Mkts Sector Perform $46 +Jun-22-20 **Initiated** JP MorganNeutral $45 +Jun-17-20 **Initiated** CowenOutperform $79" + +However there isn't an option on FINVIZ to click on the report or attribute authorship of the rating. Is there a web resource where it is easily accessible, or do I need to go to each institution for access? + + +Thanks and happy investing! +I have to move every 3-4 years for work, and so does everyone else I work with (military). A LOT of coworkers buy and sell a house at each duty station, because someone told them, “Since you never see rent money again, buying a house is usually the better financial decision.” And I’m here to tell you that’s BS when you’re buying a home for a short time (less than 4 years). **Just like rent,** there is a lot of money going out the door when you _own_ a home **that you’ll never see again.** + +Traditionally, owning a home is pitched as a good investment, because you build equity in the home by paying off the mortgage principal. True statement. But consider all the rest of the money you have to shell out along the way to do that: + +* Mortgage interest (this is usually the largest piece of the pie, especially early in the mortgage) +* Property taxes +* Home owner’s insurance (HOI) +* Flood insurance +* Mortgage insurance (if your downpayment was less than 20%) +* Maintenance/repairs +* Condo or HOA fees (for those types of communities) +* Realtor/lawyer fees when selling (and sometimes buying) +* Closing costs (buying and selling) + +In some cases, these can total to be more than what it would cost you to rent a similar place, especially over a short time horizon (less than 4 years). The reason for this is because the interest on the mortgage is the greatest amount when the principal of the mortgage is still high (i.e., early in the mortgage). + +Taking a completely arbitrary example (but using realistic numbers), let’s say you can afford a $250K home, you have $25K (10%) to put on the downpayment, with a 30-year fixed rate mortgage at 4.50%. The property tax rate in your area is 2.00%. + +If you put that info into a mortgage calculator, it will say your mortgage payment is $1140/month (which includes the interest on the mortgage, plus your principal payment). “Sweet!” you say, because that’s pretty affordable for a $250K home. But wait. + +* Property tax = $4500/year = $375/mo +* HOI = $87.50/mo (Source: Zillow, $35/mo per $100K of home value) +* Flood insurance = cost can vary from $0 to a LOT (over $100/mo) +* Mortgage insurance = $93.75/mo (assuming 0.5% of borrowed amount of $225K) +* Maintenance/repairs = $2500/year = $208/mo (based on 1% of home’s value to use or save toward repairs) + +How much you might spend on realtors, lawyers, and condo fees is completely dependent on the situation, and I won’t swag those numbers here. Hopefully I’m able to make my point without them—just keep those costs in mind if they apply to your situation. + +Now, if you total all of that up, what you get is: $1904 and change per month to own. Plus, you’re building equity in the home! All the better. But if you take a closer look at that mortgage payment of $1140, there’s something important. How much interest are you paying versus principal in that $1140? + +You can’t quantify this as a set number, because it changes every month. When you make a payment, part of the principal is reduced, so the interest on the principal is less the next month. But you can average it out over set periods of time. + +In this example, with your very first $1140 payment you pay $844 in interest and $296 towards equity. Over the first year, you will have made $13,680 in total mortgage payments; $10,050 of that will have been purely interest on the loan. Only $3630 will have been equity in your home. After 4 years, the numbers are $54,720 total, of which $39,170 is interest and $15,550 is equity. In that 4 year span of time, the average amount you paid in mortgage interest **per month** was $816 ($39,170 divided by 48 months). + +So, the final analysis has to be: once I tally all the money that goes out the door when I buy, is it more or less than what I can rent (which is also money out the door)? In this example: + +* 816 (average mortgage interest over 4 years) + +* 375 (taxes) + +* 87.50 (HOI) + +* 93.75 (PMI) + +* 208 (repairs fund) + +* Any “other” costs (lawyer, realtor, condo, flood insurance, etc.) + +Total = $1580, plus “other” costs. (Yes, I acknowledge some will say $200/mo for repairs is a lot, but you have to budget for repairs somehow, and a good rule of thumb is 1% of the value of the home per year.) + +**If you can rent a place that fits your needs for $1580 or less, you’re doing better renting the place than you would if you bought the $250K house in this example.** You can invest/save what equity you would be building, plus you don't take on the risk of owning the home (depreciation, unforeseen costs). + +**TL;DR** – Yes, you never see your rent money again, but there’s a ton of money when you own a home that you never see again either. You need to make sure the dead money when owning is less than the dead money when renting. + +Are you tired of the same old meme coins? All the Inu dog coins launching using the stale code? If so, now’s the time for something new, different, and fresh. + +Our new token, Island Coin ($ISLE), is a game changer. It was built from the ground up with custom code from a dedicated dev team - we’re in this for the long haul. We’ve already passed our contract audit and have an incredible community. As a team, we believe in crypto as the present and the future. It's our desire for everyone to have the online island experience. This includes transparency, fairness, clear communication, and a focus on community engagement. + +$ISLE has a host of new and unique features that will enable it to weather current market corrections and deliver significant coin growth. + +First and foremost is SAND (Skewed Algorithmic Network Distribution), a community-first redistribution mechanism that awards holders. SAND captures and pools together 5% of every $ISLE transaction. Whenever the pool reaches a predetermined amount, the SAND redistributes to all holders with over 100M $ISLE. + +In true island fashion, we also burn 5% of tokens. Instead of automatically burning, we burn weekly in community events. + +You can find us on Uniswap with locked liquidity, planned dev wallet renouncement and complete contract audit. We’re not sending any coins to VB. Come live island life! The water’s warm, the music is on point, and the drinks are good. + +Tokenomics: + +\- Original supply: 690 Trillion $ISLE (now 580 Trillion $ISLE) + +\- Total tax on each swap: 11% + +\- Burn: 5% + +\- SAND: 5% + +\- Marketing: 1% + +Etherscan: [https://etherscan.io/token/0x1681bcB589b3cFCF0c0616B0cE9b19b240643dc1](https://etherscan.io/token/0x1681bcB589b3cFCF0c0616B0cE9b19b240643dc1) + +Website: [https://islandcoin.rocks](https://islandcoin.rocks/) + +Telegram: [https://t.me/island\_coin\_rocks](https://t.me/island_coin_rocks) + +Twitter: [https://twitter.com/island\_coin](https://twitter.com/island_coin) + +Dextools: [https://www.dextools.io/app/uniswap/pair-explorer/0xf5b92789f6cdf1b7c0d7252696433cbe34b61354](https://www.dextools.io/app/uniswap/pair-explorer/0xf5b92789f6cdf1b7c0d7252696433cbe34b61354) +The kid screwed up. He’s been dealt the consequences, let’s not continue the hate and drive this fella into a pit of depression. + +Ape no fight ape, right? + +We all knew he was a 22 year old kid with limited trading experience. He was transparent about that from the beginning. He went from zero to hero real quick and chances are his ego got the best of him. + +Let’s let him leave in peace to learn from his mistakes and continue on our merry way. + +Side note: maybe we should consider removing posts bashing him? I don’t believe it looks good on the sub from outsiders to see the blatant and targeted hate... some apes are ruthless, god damn orangoutangs. (Still love ya) + + +Just my two cents, as always, hodling til my hands seize shut. + +Edit: added some love. + +Edit #2: I’ve received both the all seeing upvote and faith in humanity restored award anonymously, within seconds of each other. + +.. I can only hope the great DFV is watching over. +Hi my Mum passed away 2 months ago, she didn't really have any estate to speak of no house or savings or anything like that but we'd shared what was left in her bank account after funeral costs between her children, she does however have pensions she worked for the NHS for a good number of years so I imagine there is a decent lump of money lying around in a pension my question is, is there any reason a pension provider wouldn't pay this out to their next of kin? + +My sister is looking after all the finance and accounts side of things and I just want to make sure I'm there to help if there is any bullshittery going on. as far as I can find from a quick search there is no case where they shouldn't give us the money owed, I know she would hate for anything to be unjustly kept from us. + +This money would also really help my clear any debts I have too which would be nice. + +&#x200B; + +Thanks in advance. +Two major catalysts playing out for semis right now: + +* Fed raising rates. +* Russia sanctions and possible invasion [cutting off key semiconductor materials](https://www.reuters.com/technology/white-house-tells-chip-industry-brace-russian-supply-disruptions-2022-02-11/). + +In the next few months, these will play out and really pummel the semi stocks. But the good news is these are temporary events. After 1-2 years, we'll find a way around Russian chokehold on these key materials, and inflation will probably be slowed. While that's happening, covid is still subsiding and innovation continue it's relentless march of driving productivity forward. + +To be clear, **I'm not saying to buy the dip right now.** But I'm tempted to start a "eat ramen", "get a third job", "cancel Netflix" regime for myself to start preparing as much as possible to start buying mid or later this year. + +These semi stocks are becoming the new FANGS, and this upcoming dip this year might be the best chance to buy them before they rocket into FANG status. + +OK here's the cons in my theory: + +* China could still be a ticking time bomb. Most experts say their lockdown strategy is not viable for Omicron. Could be their supply chain is a lot more broken than we realize. Plus that real estate problem is still ongoing and their president is kinda insane. + +* The Fed could freak out and raise rates too quickly, putting us into a recession. + +* Some industry reports say oversupply of semiconductors could happen as early as 2023. + +(Disclosure not investment advice and I'm long on NVDA AMD QCOMM MRVL TSM and maybe Int) +After hearing about struggles to make payments on 35k in flight school debt at 7.5% through Sallie Mae. A family friend has offered to pay that loan off and take repayments at zero interest. My question is how would I go about receiving that money. Would I have them log into my loan account and pay the amount in full or would I receive payment from them? Or any other options? +Chill out and take your time cause its most probable that ETH2.0 in its final form will take years to be completed. + +This doesn’t mean that we’ll have to wait 6 years to have a highly performing Ethereum network. + +The main focus, as Vitalik stated, should be 2 things: + + • The move to PoS + + • Sharding + +Any additional features are just polishing the network to make it as perfect as possible. + +In the meantime, Vitalik is solely focused on Zk rollups as the future of scalability for Ethereum. + +This decision to build around rollups came back in 2020 when Vitalik wrote an article titled “A roll-up-centric ethereum roadmap” where he explained how Ethereum would be all in on rollup tech (Give it a read its very interesting). + +I guess this is why he’s so fond of MATIC recently considering they’ve invested into every single ZK rollup tech available on the market and have proven to be top dogs when it comes to scalability. + +So while the final stage or ETH2.0 might take a while, we should soon start seeing a lot more improvement from both Ethereum and side chains like Polygon. +I make roughly 50K a year and currently live with my folks. I've managed to save a decent chunk of change over the last little while with the hopes of putting a down payment on a home or condo in the very near future. That being said, I cringe every time I start shopping around. I live in Toronto and everything is so god damned expensive. There seems to be no happy medium. I know a home is suppose to be an investment but I just feel like if I were to take the plunge at these prices I'd be locking myself into a financial mess for years to come. I feel like it'll be a complete waste of my money. + +EDIT: Just to clarify, I'm very pro owning a home. All I was trying to say is that I'm getting frustrated with what's available(or not available) to me relative to my income. + +EDIT: Thanks to everyone who's taken the time to respond and share their advice and suggestions. Didn't think I would get such a response! +I feel like such a shithead. I'd be dead without them. My job pays well but I just started so all my money is going towards backdebt and my epilepsy costs a fortune. + +I'm sure she will probably understand but I feel like the worst person ever that I can't even afford her a small $20 blouse or something. Her birthday is today and I'm dreading going home from work to having to say this. + + +Edit: thanks for the ideas. I will write a letter. +Have a masters degree and work at university part time. Monthly take home is around $2200 but depends on hours: so far when summing up it is something like $1500 a month on average(some month $2200 and some $1000). Struggling to live paycheck to paycheck to feed the family of 4. Worst part is that no insurance, no paid leave and even no personal work computer (they assume you should have one to do the work). + +Barely keeping to pay the bills and searching for work. It is getting quite hard to search for a job especially when you have kids to take care during the day and you work 60-70 hrs a week but getting paid 40 hrs only. Or if there is not so much work, then all you can think is how to survive until the next check and close the holes in the budget. My mind is going crazy with this running numbers in my head everyday. + +Do you feel the same, like having a degree but not getting paid well? + + +When my car insurance policy is up for renewal, I just let my existing policy continue. It's much easier than going through the drag of getting a quote from a new insurer. + +Never again!!! 😱 + +Admiral keep increasing policies every year, which I expect, but this year the premium was eye watering. Like the admiral had my testicles in a vice like grip, and he was squeezing them 😣 + +So I went to one of those online comparison sites, and damn! I said DAMN!!! + +Most of the quotes they got me were half the cost of my new Admiral quote, providing the same or slightly better cover. So being loyal was twice as expensive as giving them the 🖕 + +I nearly laughed at the girl on the phone when I cancelled the policy. She went through the process of seeing what they could do for me, and came back saying they would reduce the policy by 50% for to my loyalty, but that still left a price 50% higher than others were offering lol + +And strangely, when I went to the new insurers website, I changed my email address, which required me to recalculate the quote, ending up with an even cheaper price. So it seems that little update, broke whatever referral to the supermarket site that was embedded in the quote. I like this. + +&#x200B; + +TL;DR Screw loyalty, always get new insurance quotes when your policy is up for renewal. And maybe always change your details slightly when you visit the insurers site to force a recalculation to remove the referral cost from whatever comparison site you came from. +As expected when entertainment, theme park and streaming company stock tanks, t[hey look for someone to blame.](https://www.msn.com/en-us/money/companies/heads-are-rolling-at-disney-key-figure-abruptly-fired/ar-AAYhhkT?ocid=msedgdhp&pc=U531&cvid=5b2f637e412e4658ac1fa51918cdfe18) This time it is Peter Rice. He was Disney’s chairman of entertainment and programming, chiefly responsible for overseeing most of Disney's television projects. This included ABC, Disney Branded Television, FX, and National Geographic to name a few. ESPN was apparently not under Rice’s supervision, although most of its programming takes place on television. Following the news for more. + +I expect many especially in streaming, entertainment, online merchandise executives will be leaving or asked to leave. Most companies realize their growth is limited while stocks have leveled off losing a large percentage in recent weeks. Amazon before stock split Dave Clark abruptly resigned out of the blue. + + What companies do you feel need a change on management that will improve their earning performance? +(This is of course pure speculation and none of this shit is financial advice, I smear poop on the walls and call myself Poopcasso) + +# GME announcement Monday? GME announcement Monday. + +Cohen knew that MSM would use his BBBY sale as cannon fodder for their FUD machine. Along with some SHF tactical shorting after hours, this rugged BBBY. Cohen also must know that Citadel & pals went net long on BBBY. + +So, he sells, the stock gets smashed by underwater shorts as the FUD machine spins into overdrive. This gives short positions temporary reprieve, while absolutely obliterating SHF long positions. + +If GME makes an announcement Monday, GME will absolutely fly. Not only is liquidity dry as fuck, we have pretty much every technical indicator screaming buy. If they drop the hammer, that will also open up RC to buy more shares - as he won't be working with non-public info anymore. + +As GME rises, BBBY follows a bit but it's not enough to offset the absolute pegging that SHFs are receiving. SHF get wrecked by GME and have to liquidate their longs on BBBY, dumping the price further, before the short closing happens - rocketing BBBY alongside GME. BBBY may not rocket until announcement, but if GME is on the rise BBBY will follow - albeit not as fast until shorts start closing. + +The market will also see a -3%+ day as SHF liquidate longs to try to stay above water. + +Cohen could execute this wombo combo, and it'd be all above board legally speaking - but absolutely devastating to SHF. He has no position in BBBY, GameStop is literally his job and his job is to make green line go up for shareholders. + +Supporting note to these points, I'd be surprised if they let this go on much longer without more of the plan / reasoning presenting itself. He knows this has shaken a lot of people, and the longer he waits the worse that will get. I believe in RC, I believe in the process, and I believe we are going to the moon next week. + +Final note that I haven't seen anyone say... + +I believe the reason that Cohen bought the call options he did was because he knew that tons of retail would follow his trade. He specifically chose far far OTM contracts with plenty of theta. These contracts have the most to gain as far as % as the price increases with less risk. These contracts will be fucking money machines when BBBY squeezes. He knew that the rugging by SHF + the smear campaign was going to happen, but I believe he also knew that people that trust him (and have been hardened by holding GME for 320 years) would NOT sell, and would end up very rich from that decision. + +Get your fucking space helmets on, and fucking HODL. +As a manager, my plan was always to provide enough heads up for a replacement to be found or trained. It was going to be 6 months. But after a few quarters of "where do you see your self in 2 years" questions during our career growth conversations, I had to tell them that I wouldn't be working for them anymore. The official excuse is not FIRE though, my kids will be entering elementary in a different, LowerCOL city closer to family. + +Given how this is a very caring environment, we discussed alternatives to me leaving such as becoming a programmer again and working remotely. Such a long heads up would leave enough time for me to train on the new position before going remote. But that's not FIREing, so I said I'd rather stay in management. Which is true at least until I FIRE. But managing remotely is not an option, therefore I essentially gave them 18 months notice. We'll focus my career growth on skills that could be useful to start a new company instead. + +It's a risky move that goes against the general guideline of providing 2 weeks notice and nothing more. My biggest concern is that they could stop raising my compensation but I pretty much hit the max for my level anyway. They could also be done sooner with the transition and fire me but that's not in the company culture. It all depends on the people above you and the trust you built with them. + +Any other similar stories or things I should watch for? + + +There's a new video from Ben Felix again advocating for significantly less than the 4% rule. Interesting perspective, especially considering on this and similar subs 3-3.5% is considered extremely safe. He's definitely a credible guy with thoughtful videos and citing research so not one to immediately dismiss. + +[https://youtu.be/1FwgCRIS0Wg](https://youtu.be/1FwgCRIS0Wg) +### UNITED STATES + +* **Futures** are up this morning following a call between the Chinese Vice Premier and the U.S. Treasury Secretary  +* **Job** **openings** are near record highs, passing seven million openings   + * *Manufacturing*, *Hotel*, & *Restaurant* workers are all in high demand +* **Small** **Business** **Sentiment** [continues to improve ](https://news.gallup.com/poll/245156/small-business-owners-optimism-reaches-new-heights.aspx) +* A congressional committee will grill **Google’s** CEO Sundar Pichai  +* The decline of shopping malls has been a boon to **dollar** **stores** + * Stores targeting middle-income Americans have been losing customers and dollar stores have been picking them up + * Dollar General and Dollar Tree are adding 1,000 stores a year and a recession could see further growth for them  + +### OTHER + +* Theresa May postponed the **Brexit** vote after being advised she would lose significantly  + * Also, [**this moment**](https://youtu.be/UQiYm9DPnyY) highlighted the absurdity of the whole thing and brought me joy  +* **Emmanuel** **Macron** promised to raise the minimum wage in an effort to appease the **yellow** **vest** **protesters** +* **Iran’s Revolutionary Guards** confirmed the test of a **ballistic missile** earlier this month +* A vote will be held today that could see the floatation of **Dell** on the public markets  +* The **Indian** **Rupee** crashed after the head of the central bank quit suddenly + * India faces a large deficit but India's Prime Minister wanted the central bank to ease monetary policy, basically to print money for him to spend during the election next year + +### CHINA + +* The worlds largest smartphone market has placed restrictions on the sale of **iPhones** + * a preliminary court ruling said **Apple** violated patents held by **Qualcomm** for photo manipulation and touchscreens + * imports of iPhones newer than the 6S will be halted unless Apple makes changes to the phones’ software +I went from being homeless in January and broke as hell, working two jobs with no days off up until the middle of March and now I get to stay in my apartment, relax and take a breathe. Since COVID started I went from living paycheck to paycheck to now having the next two months of rent paid off, 1k in my checking and 1k in my savings. I’m going to use my savings $$ to go and get a certificate for medical billing and coding and I’m so blessed my life has turned around so fast. +My partner is a financial nerd, and super on top of money. Their credit score was 851 via the dealer, and they got a letter saying “we only finance loans we can resell.” + +Then their score is too high to get an interest rate worth reselling? Both dealer and secondary buyer don’t get enough of the piece of pie? Is that my takeaway? + +Edit: the letter explicitly says the dealer can’t make money off selling the loan to a third party, and it’s not a tiny place it’s a huge and official Chevy/GM dealer. + +ALSO: the salesman just responded to an email and said the letter is a glitch and it happens sometimes? A poster shared a link of a similar form letter going out to qualified buyers in CA. Weird. But the car industry is in a weird place, and the form letters are quite similar. +We've been in a place for three years but my landlord has always been slack. Won't spend a cent on getting things fixed and avoids using tradesmen. There's various other things he's done (or hasn't done) which I find objectionable but won't get into here. + +The place is othwerwise ok and we've been nothing short of fantastic tenants who've paid around 120k off his mortgage during that time. We've allowed leases to continue during this time due to a combination of slackness, being super busy and enjoying the convenience of where we are. + +But the lease ran out last month so we decided to let it ride. We are financially independent and could purchase down the track but not now so no dramas there but my partner will likely lose her job (with a payout). + +My question is how hard do I go with landlord (who owns multiple properties). I don't want to be awful but honestly he's been a bit of a prick in the good times so part of me wants to squeeze him for a decent rental reduction. Other option I guess is to move but clearly not a great time for that. + +Thoughts on strategies here? +Hiya all. + +Planning on taking a trip to Europe early next year and looking for a bank card to take. For possibly-exaggerated-paranoia related reasons I'd rather not take my current main (UBank) card. I'd much prefer a seperate card which I can load up with only the money I need for the trip, and which won't be quite so damaging to lose. + +Mostly for this I've been looking at ING. The 'ATM refunds' thing appeals to me, but I'm not sure how big a deal that will be since I'm going to mainly be in Berlin. Obviously there's the usual, no international fees thing as well. My understanding is that all I need to do to get those bonuses is deposit $1000 and make five tap-and-go payments in the month before my trip. If that's wrong, please correct me. + +Other than ING, do y'all have any advice for other cards to look into whilst travelling? + +I understand some people prefer to use credit cards for this sort of thing, but haven't looked too much into that; could anyone possibly provide some pointers? +[https://markets.businessinsider.com/news/stocks/tesla-stock-price-rally-short-sellers-cost-billion-year-lost-2020-7-1029384322#](https://markets.businessinsider.com/news/stocks/tesla-stock-price-rally-short-sellers-cost-billion-year-lost-2020-7-1029384322#) + +The markets a brutal place! +I've read and digested the DD. I often refresh myself when someone offers a counterpoint I believe to be false. [DD Library](http://www.gme.fyi) + +This arms me with knowledge to navigate the FUD. + +This keeps me zen. + +I have invested what I can afford to lose. Investing is never certain, but armed with my DD I can make educated investment without being worried I will lose money. + +This keeps me zen. + +I am invested in the best hedge against economic collapse. I'm also invested in a visionary leader, a solid business with cash on hand, the best brains in the business. I can't really lose. + +This keeps me zen. + +I know the business is significantly under valued and has a high short interest. Which means a squeeze is likely. + +I have DRSd the majority of my position and those that can't be I am holding. I have a diversified broker set and can cope with any default. + +This keeps me zen. + +By keeping a few in the chamber so I know I can realise gain without selling any of my DRSd shares ensuring that even X holders get what is due to them without harming the squeeze. + +This keeps me zen. + +I've known of financial fuckery for a long time and was around for 2008. I saw the impacts first hand and the lack of repercussions to those that caused it. I knew this was going to be a long play. + +I know there are hundreds of thousands of you just like me. + +This keeps me zen. + +I am not tired. I am not angry. + +I am zen, I am ape, and I am diamond handed. +We've all seen things like the bewildering insistence of some gurus that "the purpose of FIRE is to live frugally, not to own luxury products." (Which doesn't strike me as very independent, though of course one shouldn't be a *slave* to luxury.) But I think that this example, while telling, isn't enough to encapsulate the difference between the mainstream and fatFIRE mindsets. + +Here are a few thoughts I've had: + +- **Status matters**. If you wear nicer clothes, drive a nicer car, etc. then you get treated better. That said, if you respect yourself, why wouldn't you want to be treated with respect? And if you need to rack up more status to do that, and it's fully within your power to do so, why wouldn't you do so? I realize this is awfully basic, but it never, ever seems to come up as a consideration in the very lean end of FIRE: the fact that even if you don't love status symbols in and of themselves, some of them can still be quite useful. *A millionaire is treated better than a pauper by society, and a billionaire, better still*. And yes, we should all acquire the social skills and mental toughness to deal with people regardless of status, but *we shouldn't have to do the work every time*. Just because I know how to mow the lawn and am capable of doing so doesn't mean I enjoy doing it, or that it is a good use of my energy. Are others just masochists? Do they have lingering class identity issues? Or have they bought into the lie that society treats everyone the same, when virtually every study shows that this is not so? + +- Mainstreamers (even the newer folks in FIRE) often have ambivalent or even negative **views towards wealth acquisition**. "Who needs more than X million dollars anyway?" I fear for their chances: if they tell themselves jumbled up things about money, they'll get jumbled up results. To maximize your odds of acquiring wealth, you have to believe that wealth is good and focus on the positive. If you believe that wealth is evil, you will subconsciously hold yourself back. But do we in fatFIRE sometimes have these beliefs too? Can we honestly say that we have rid ourselves of negativity in this regard when it constantly seeps in from society? + +- Some mainstreamers have **arbitrary limits** they impose on themselves. "I'll amass $1M so I can be independent, but anyone with more than $10M will be corrupted by the power!" This is a textbook example of limiting belief. What other limiting beliefs are in play? How good are we about identifying them? + +- Sometimes it seems that only fatFIRE folks think ahead. *Once you're done with money for subsistence and money for emergencies, then you usually want significance*. To really change the world, **you need a LOT more money than just what you would live off of**. When I think from this perspective, I find it absurd that people regularly state things like "I don't derive pleasure from luxury goods." OK, but what does that have to do with anything? Building a new hospital in rural India? That costs $10 million. Funding clinical trials for that drug that only helps people with an obscure disease? $5-25 million. Saving the bees? Potentially hundreds of millions. What could be more heroic than being able to say, "Boom. I got this," averting Armageddon by slapping down payment, and still having more than enough for yourself? + +- Even if you wanted to devote the remainder of your life to only doing good in the world, why would you stop making money when via money, you could have a **far greater impact** than individually handing out soup or teaching people how to read? I don't object to anyone volunteering personally if it helps you feel connected to your cause, but why would you intentionally cut off your hand right before a boxing match? You *do* realize that all the stories you've been fed since you were small about "no one should have that much power" are propaganda pieces designed to make powerless people happier about being powerless, right? + +- Why are so many FIers obsessed with jobs? I understand that 90% of people who work do so as employees, but studies show that **2/3 of millionaires got that way by business ownership**. (And 78% of US millionaires are self-made, incidentally - contrary to people who assume one must be born with a silver spoon. In high-tax EU countries this drops to around 55%.) Should we not find it strange and contradictory that everyone always rushes to talk about what job to have to make it to fatFIRE? It seems like entrepreneurship, investment, and tax savvy are the things we ought to discuss most. + +- What other truths is fatFIRE willing to embrace that other people are still in denial about? +Hi FF Community - + +You’ve been so helpful in the past so I come again seeking your wisdom. + +36/F. $12M NW. 70% in market (mostly index funds), 30% in bonds. Live in the US with an annual burn rate of about $180K all in. Two small children currently living in a VHCOL city. + +Husband and I both still work but only because it’s very easy and we could quit/lose our jobs without any problem. Will probably both quit for a couple of years of travel with our kids in the near future. + +We are considering life insurance on one another but then also ask ourselves why? If one of us died, the other would be set for life (honestly if my husband died I’d probably sell $8m worth of our stock to have in cash under the floorboards because I’m always afraid of a crash 😆). I know it’s normally intended to replace income and while we both have income ($600-700k+), we don’t rely on that income. + +I’ve been told by acquaintances with more money than me that they have it because it’s a “sure thing” whereas everything else is volatile …. + +So for those of you with $10M+… +- do you have life insurance? +- why/why not? +- who do you have it through and what’s your monthly payment? +- any other gems are welcome! + +Thank you so much! +Hello fatFIRE Friends, + +Long time reader, first time posting. I’ve scoured several financial subs and can’t seem to find any helpful discussions around Non Qualified Deferred Comp. Hoping someone here has a similar situation or experience that may help guide me. + +Some background info: + +Employer = Fortune 100 company (Offers $.52 stock div) + +401K with 80% match up to 6% of salary +Automatic spillover option to in-plan Roth + +Exec Comp - Can defer up to 30% salary & Bonus and receive a 401K match make-up and a 20% match. + + +Question: + +Would you agree that this is the best order in which to invest based on above data? If not, what changes would you make? + +1. 6% to 401K to get match +2. 30% to NQDC (Stock Plan) to get 20% match and dividends. (Deferring for 1 year only). +3. Additional contributions to 401K and spillover to MegaBD Roth. Currently doing additional 6% for total of 12% to 401K. + +Note: Do not qualify for Roth IRA if that matters. + +Issue is I cannot contribute 30% to NQDC and max out MegaBD Roth to the max allowed $56K at this time. + +My thought is that the NQDC plan would be priority over maxing MegaBD Roth because of employer match. Understand the risks involved with NQDCs and feel super comfortable and confident in my company’s viability. Been with them 20+ years. + + +TIA +&#x200B; + +[EXPERIMENT - Tracking Top 10 Cryptocurrencies for Two Years \(2018 & 2019\) - Month Eighteen - Down 71&#37; ](https://i.redd.it/zikx4jufgp731.png) + +[Full blog post](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-two-years-2018-2-xomekw) + +tl;dr - June marked the fifth positive month in a row. Still down -71% over life of experiment. Bitcoin takes commanding overall lead and wins the month as well. + +# The Experiment: + +Instead of hypothetically tracking cryptos, I made an actual $1000 investment, $100 in each of the Top 10 cryptocurrencies by market cap as of the 1st of January 2018. Think of it as a lazy man's Index Fund (no weighting or rebalancing), less technical, more fun (for me at least), and hopefully still a proxy for the market as a whole - or at the very least an interesting snapshot of the 2018/2019 crypto space. I’m trying to keep it simple and accessible for beginners and those looking to get into crypto but maybe not quite ready to jump in yet. + +I have also started a [parallel project:](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-two-years-2018-2-xxwygw) on January 1st, 2019, I repeated the experiment, purchasing another $1000 ($100 each) into the new Top Ten cryptos as of January 1st *2019*. Spoiler alert: it's a night and day difference between the two experiments. + +# The Rules: + +Buy $100 of each the Top 10 cryptocurrencies on January 1st, 2018. Run the experiment two years. Hold only. No selling. No trading. Report monthly. + +# Month Eighteen - Down 71% + +https://i.redd.it/ssk1c0h8hp731.png + +Despite steady growth all month, the end of June ended on a downward trend. The final month-end numbers are still up from last month, but just barely, despite the excitement of Bitcoin briefly approaching $14,000. In fairness, May 2019 was an incredibly strong month in crypto - very hard to beat. The experiment has now seen five straight months of gains. + +# Ranking + +https://i.redd.it/0hhyglmahp731.png + +Lots of movement in June, most of it downward. **IOTA** slipped three places from #15 to #18, **Stellar** fell two spots and out of the Top Ten to #12, and both **NEM** and **Dash** dropped a slot to #21 and #15 respectively. + +On the positive side, **Cardano** re-entered the Top Ten, moving two places from #12 to #10. And the most significant move this month was probably Litecoin switching places with Bitcoin Cash. Litecoin now sits at #4, Bitcoin Cash at #5. + +**NEM, Dash**, **IOTA,** and **Stellar** are Top Ten dropouts - they have been replaced by **EOS**, **Binance Coin, Tether, and BTCSV.** + +***June Winners*** \- **Bitcoin** dominated the headlines for good reason - even after a significant correction at the end of the month, it is still up 30% in June. **ETH** finished second, up 13%, followed by **Litecoin**, up 10%. + +***June Losers*** \- For the third month in a row **Stellar** was the worst performer, down -20% followed by **IOTA**, down -13% in June. + +For those keeping score, here is tally of which coins have the most monthly wins and loses during the first 18 months of this experiment. Most monthly wins (3): **Litecoin** and **Bitcoin**. Most monthly loses (5): **Stellar**. + +https://i.redd.it/2yzr97uchp731.png + +# Overall update – Bitcoin increases lead and approaches break-even point. NEM and IOTA still at the bottom. + +**Bitcoin** followed up its stellar May with a very strong June. It is now only down -16% since January 2018 and is approaching the break-even point. **Litecoin** is a very distant second at -43% since the experiment began. + +**NEM** is still the worst overall performer (down -90%) followed by **IOTA** which is down -88% and **ADA** down -87%. My initial $100 investment in **NEM** is worth just $10.03. + +# Total Market Cap for the entire cryptocurrency sector: + +https://i.redd.it/mj9h8bmehp731.png + +The total crypto market cap increased about $50B in June, a significant gain, but only half of what it added in May. Overall, the experiment has crossed the -50% threshold and is down "only" -44% at the moment, a level we haven't seen since June 2018. + +# Bitcoin dominance: + +https://i.redd.it/vj7tea2ghp731.png + +**Bitcoin** dominance now stands at 61.4%, easily the highest point so far in the experiment. + +# Overall return on investment from January 1st, 2018: + +https://i.redd.it/52x70aohhp731.png + +My Top Ten of 2018 portfolio increased about $15 in total value this month. I can now mark five months in a row with increasing total value, a new record in the experiment. + +If I cashed out today, my $1000 initial investment would return about $295, down -71%. + +# Implications/Observations: + +Although **BTC** is up +30% and the overall market added $50B, my Top Ten experiment cryptos only gained about +1.5%. It's fair to say that **Bitcoin** is leading the charge and that the altcoins haven't had their day yet. + +Although gains in June were modest, this is now the fifth positive month in a row for the 2018 Top Ten, unprecedented thus far in the experiment. + +Once again this month marks a record high in Bitcoin dominance, the highest since the experiment started in January 2018, over 61%. + +**Bitcoin** continues to increase its overall lead. After eighteen months, it is now 25% ahead of second place **Litecoin** in terms of return on initial investment. + +The experiment's focus of solely holding the Top Ten again looks like an especially poor strategy this month. While the overall market is down -44% from January 2018, the cryptos that began 2018 in the Top Ten are down **-71%** over the same period of time. That's over a 25% difference, is the widest gap of the experiment so far, and is significantly more than last month's record 20% difference. + +At no point has this investment strategy worked: the initial 2018 Top Ten have under-performed every single month compared to the market overall. + +I'm also tracking the S&P 500 as part of my experiment to have a comparison point with other popular investments options. The S&P 500 is now up +10% since the beginning of 2018. My initial $1k investment into crypto would have yielded about +$100 had it been redirected to the S&P. + +https://i.redd.it/j2m6mcnjhp731.png + +# Conclusion: + +Last month I ended my update wondering if **Bitcoin** would hit $10k, which it flew by. With still relatively little mainstream attention, is $15k attainable in the near term or are we back to moving sideways? How much longer can **BTC** sustain its momentum? And when its exhausted, will the alts see a bounce? + +Thanks for reading and for supporting the experiment. I hope you’ve found it helpful. I continue to be committed to seeing this process through and reporting along the way. Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my [parallel project](https://www.publish0x.com/top-ten-cryptocurrency-index-fund-experiments/experiment-tracking-top-10-cryptocurrencies-two-years-2018-2-xxwygw) where I repeated the experiment, purchasing another $1000 ($100 each) of the new Top Ten cryptos as of January 1st 2019. +Does anybody collect dividends as well as income off covered calls? I'm new to covered calls, but it seems with a company like T that basically moves horizontal, you could relatively safely sell covered calls and increase your profits. Anyone do this? If so, what success have you had and what are you looking for when writing covered call in terms of strike price, premium and the Greeks? +I think I started browsing here about 1.5 - 2 years ago and just started soaking in all of the financial wisdom and advice. I don't post much, but it's been a real informative experience to just see all the different financial situations that arise and the good advice to help mitigate them. My parents have struggled with financial problems their entire lives, despite me growing up fairly well off. I've determined to not have those problems as an adult. + +I took the first step and saved up $8,000 to pay off in lump sum one of my several student loans. Feels really good to thit his milestone and I just wanted to give a huge shout out to all the people who regularly give out advice here and help those in need. + +You help more than just the people you reply to and you certainly helped me :) + +8k down. 46k to go! + +The Nitty Gritty: + +**Annual Salary:** $40,000 gross + +**Bills:** + +* $500/mo - Rent + +* $250/mo - Student Loan + +* ~~$200/mo~~ - ~~Student Loan~~ + +* $200/mo Utilities - (internet, heating/electric) + +* $450 - $550/mo - Food (includes food for two cats and a dog) + +* $100/mo - Entertainment (Netflix, Spotify, video games) + +* ~$100/mo - Credit Card (revolving Credit that built up a little, should have paid it off first, but it's less than $500 so not a serious issue). + +* ~$50/mo - Other odds and ends. Car insurance, impulse purchases, etc. + +**Additional Stuffs** + +* I'm 25 + +* Last year I took a ~$15,000/year paycut to transfer to the place I work now. Old job had zero career prospects and had a toxic work environment. + +* I only really started taking my finances seriously until last year. I went from having no money in savings and 3k in CC debt to where I am now with minimal CC debt, an emergency fund, and paying down student loans. + +* I'm not great with my money, I tend to buy what I want, but I'm learning and PF has helped me a lot in this regard :) +I owe about 5 grand on the car still but insurance isn't going to cover the cost to fix my engine. At this point it's going to cost more to fix than what I owe. + +Edit: to everyone wondering I've got a 2014 for fusion. The car was over heating and leaking coolant, not too sure from where. And the it wouldn't start after shutting it off. + +Edit 2: it sounds like my best option at this point is to call a couple mechanics and get quotes on engine replacement. See what my financing options are and go fom there. +Wasn't sure if I should post this, figured I'd go for it. Decided to sell off my Cardano holdings + gains this past year to pay for Christmas. I'm a single-income household with an 18-month old, so making ends meet isn't the easiest. My wife and I were DINK's for 10+ years, so we've always put the future & ourselves first. It's been rough since our daughter was born and we wanted to provide an awesome Christmas for her this year, and selling our holdings was the only way. + +I guess if there's something to "learn" here, is that regardless of how much we love the gains & holding through the storm, don't forget about your loved ones & the memories you could make with what you already have. It's not always about the long game. + +EDIT: Thank you all for the responses, from all angles. We have plenty in savings / investments / assets for the future, cashing out our crypto stake just made the most sense out of all options... so no, we didn't go from "10+ year DINKs to broke in 18 months". We also understand an 18 month old wont remember this Christmas... obviously. We just wanted to continue a happy foundation vs trying to scrape by the holidays with what we DO have. Once again, thank you all for the different perspectives. +I am a first-time seller with no friends or family to guide me and I am really torn on which option to take here. Hoping to get any advice or perspective from others. + +I live in a great area, amazing top-tier school system and my mortgage company suggest my property value estimate around 250k-270k. I purchased it for $170k. + +My agent ran comps and suggested I aim for $260k but since then some of the dropped prices nearby. + +I have two offers at best and final: + +1: Asking price $260k: contingent on the mortgage, only putting 3% down, contingent on appraisal + +2: $250k cash offer + +I am new to this and only now learning about if it appraised lower that I could lose the sale if they can't come up with the difference down then they may not have the capital and I could end up back to square one. They also won't get final approved financing until a few days before closing (is that normal? or something i should be worried about?) + +I was advised not to wait too much longer for other offers because if it's too long people can lowball more seeing that it's hard to move. (Places around me usually go within a few days) havent gotten interest since these offers either. + +Seems like a safer bet to take a cash offer, but they refused to go higher and just was such a difference for me. I'm really not sure what to do. Maybe I am overthinking this and should just go for the asking price person? If anyone has any guidance I'd really appreciate it. I just feel like agents are kind of biased in opinions for a quick sale when the cost difference for them is much smaller. +First time long time + +I’m curious what people think the minimum required knowledge, understanding, tools, etc one needs to make sound investment decisions for their first or first few investments. + +Being an expert would be great, but setting the bar at reading every book, listening to every podcast, and learning every acronym and tool before making your first purchase would likely lead to inaction. + +So, what do you think are the basic requirements to make a “basic” investment? Define basic as you see fit! +A little background, I’m 24 years old, I have SOME money saved up, some money tied to stocks and a stable income. For the last few months I’ve been really interested in real estate investing and learning about it has been an absolute blast. The only issue is I see a lot of misleading information on the internet and some of it contradicts itself. Figured I would try and reach out to some people doing it in the real world and get some real world advice. + +How accurate is charging 0.9-1.1% of the home value as rent? the issue I have with this is property tax in my area is extremely high (2.69 per $100). So if I were to say take a mortgage out on a property that was 150k, with mortgage payment and other fees and property tax. My total income that month would be substantially low (<$300). What is some advice you have in regards to that? + +Another question is, I see plenty of places advertising low down payments (<5%) for first time home buyers with decent credit, is this a good route to go or should I aim for that 20% down payment? Has anyone gotten into it with low to no money at all? + +What other costs have you experienced that I should take into consideration? + +What are some good sites for rental investments? +I ran a poll a few weeks back and whilst clearly not totally scientific, it did show what many had long suspected - most people on this sub have relatively tiny holdings, often less than 1k and a good chunk of people less than 5k. + +When you see people advising you to hold, have diamond hands etc - it's quite possible that these people have a few hundred bucks on the line. + +I'm not saying they're not right - just that they may well have nothing to lose. + +Link to original poll - https://www.reddit.com/r/CryptoCurrency/comments/mktalq/whats_the_average_holdings_of_a_rcryptocurrency/ +Stop telling how you found an old hard drives with thousands of dollars worth. Stop saying how much you own. Stop saying how much you are selling or buying. Stop saying the value in a wallet you are trying to crack. + +Take this coming from someone who foolishly revealed my crypto net worth to my own sister and have been regretting it ever since. I could not imagine sharing that information with internet strangers and yet I see it posted here daily. +My wife and I live outside of the US, but a large majority of our retirement investments are in US based stocks. During inflation, the prices of goods and services go up, but so do stocks as a result. However, if we're living outside the US while holding US stocks, isn't this a positive situation for us? Locally we're not facing the same level of inflation as the US; holding at under 1% for 2021 and negative in 2020. + +I suppose the question comes down to, is it good to invest as an outsider when you know inflation is happening in the market where your investments are? +My employer offers a 401k account (Fidelity), but doesn't match. + +&#x200B; + +Wondering if anyone doesn't contribute and saves their cash for other investments +We have made citadel and Kenny mayo as our point of focus through all of this. But when you look at the numbers from recent DD, point 72 and Cohen have been the leader board for months attacking this. It has always been dismissed/downvoted/ FUD. They are more exposed than citadel. Why has the focuse been solely on Kenny rather than the evil Cohen and their operations. + +Edit: just for context I'm adding an additional section and rephrasing the last sentence of OP. + + +Not saying to forget about citadel by any stretch of the imagination. They are designated MM for GME, so they definitely desterve attention. I'm simply saying there are other disgusting companies with the same philosophy as citadel that destroy companies and lives for profit, and they deserve to get some attention from diamond handed apes as well.(72, SUS, etc) +I'm 22 and have about $40K in savings, I'm still at uni and living out of home in a state I don't see myself being in for longer than 18 months, and I sure as hell don't have enough to buy a property. I'm nervous about putting money into ETFs due to my experiences as a child growing up post-GFC and I can't afford to lose all of it/the volatily that comes with an investment like that. However I don't want to lose all my cash in inflation! Any suggestions? +&#x200B; + +[All that Liz is missing are the feathers otherwise it looks like a Black Swan to me,](https://preview.redd.it/bj865gzhltq91.png?width=834&format=png&auto=webp&s=eaa2b9cec9ba852936ee4c8e83acc8b91c8588ec) + +&#x200B; + +Today, the IMF stated that Truss' Government needs to reverse course **ASAP** as their actions for the **£45bn ($48bn)** unfunded tax cuts (mostly benefiting the rich) is very likely to spill over into neighbouring countries which are already in precarious financial positions. Meanwhile the BoE countinues to buy up bonds to reduce the negative impact on the GBP. + +[https://www.theguardian.com/politics/2022/sep/27/kwasi-kwartengs-tax-cuts-likely-to-increase-inequality-imf-says](https://www.theguardian.com/politics/2022/sep/27/kwasi-kwartengs-tax-cuts-likely-to-increase-inequality-imf-says) + +My thanks to the Economist for the Black Swan pic. Just a beautiful caption. Excerpt from the Economist below as there is a paywall. + +[https://www.economist.com/leaders/2022/09/28/how-not-to-run-a-country](https://www.economist.com/leaders/2022/09/28/how-not-to-run-a-country) + + + +>Leaders | Britain in crisis +> +>[**How not to run a country**](https://www.economist.com/leaders/2022/09/28/how-not-to-run-a-country) +> +>*Liz Truss’s new government may already be dead in the water* +> +>Sep 28th 2022 +> +>It was meant to usher in an era of economic growth. Instead the 25-minute statement that Kwasi Kwarteng, Britain’s new chancellor of the exchequer, gave on September 23rd kickstarted a crisis. By unveiling **£45bn ($48bn)** of unfunded tax cuts, alongside temporary measures to help with energy bills, Mr Kwarteng spooked financial markets in spectacular fashion. +> +>Most of the tax cuts and emergency spending had been signalled, but the vaunted supply-side reforms needed to pay for them were vague and the new government’s approach to the public finances was cavalier. Worse, the backdrop to Mr Kwarteng’s epic budget-busting was a slump in bond markets that raised borrowing costs for even the most creditworthy governments. +> +>As investors took fright, gilt yields surged, prompting the Bank of England to say on September 28th that it was ready to buy unlimited quantities of long-dated bonds to restore order to financial markets. The pound crashed to its lowest level ever against the dollar. Although sterling has since rebounded, markets still imply a 40% chance that it will reach parity with the dollar. +> +>Comparisons between Britain and emerging markets swirled; the IMF slammed Mr Kwarteng’s plan. After the worst start to a new administration in memory, people are already asking how long the new prime minister, Liz Truss, may last. +> +>A further reason to doubt Ms Truss’s ability to bring about growth is her government’s incompetence. Britain has been stuck in a 15-year productivity rut. Getting out of it requires not just boldness, but thoughtful policy. The mini-budget and Mr Kwarteng’s subsequent decision to dangle the prospect of even more cuts point to blind conviction of the flat-earther variety. +> +>The government’s refusal to face up to the need for more constructive relations with the European Union, Britain’s biggest trading partner, and insistence on a bonfire of EU laws by the end of 2023 fit into the same mould. +> +>The supply-side reforms due to be unveiled soon need to be watertight in their design and presentation. Even then it will be hard to escape the shadow of the past few days. In its first weeks the new government has shredded its own reputation, added to its interest costs, unleashed higher inflation and made growth harder to achieve. Just imagine what it can do in a month or two. + +Ordinarily, I believe many more people would be going bat shit crazy over this news however there is **SO** much shit, currently going on in global financial markets, that this may be seen as just another drop in this fucked up mess BUT it may be the last drop to push all of this over the cliff. + +# What else is there to say but... DRS & Buckle Up! + +# +I thought this video about the **irrelevance of dividends** should be required viewing of anyone who wants to understand money and investing. Please review and discuss it! + +[https://www.youtube.com/watch?v=f5j9v9dfinQ](https://www.youtube.com/watch?v=f5j9v9dfinQ) +Wondering what the thinking on Bitcoin is with regard to it's exchange rate against the dollar continuing to climb (currently around 1BTC=$210). + +Will it crash? Continue to climb? Love to hear peoples thinking on this. +I have known you can buy seeds with SNAP for ages. But recently found out that you can buy live plants. Edibles only of course. Very few retailers know about it or are set up to take SNAP for plants/seeds, but the biggest online retailers are. You can even filter by SNAP/EBT eligible or search "snap/EBT eligible Bonnie plants" and I'm sure exactly what I'm talking about will appear. + +I'm guerilla gardening a public alley behind my apartment complex. I moved some logs to define an outline and the guys who come cut everything twice a season have thus far ignored my area. (Bless them- we've been silent buddies for 2 years now) + + +The selection is limited (again, not much supply or demand I'm sure) but I've gotten a ton of herbs, 3 types of tomatoes, and 2 types of peppers so far. Cilantro is the only one that arrived dead. + +I love this because it's thrifty, healthy, a great hobby, and a "free" outdoor activity with kids. Anything that gets me outside without spending money is a win!! +I’m trying to figure out how I will manage these increases, how will you manage these food increases as well as energy increases? What about those of you who have children? +I'm a relatively new trader here but after reading about all those salty threads yesterday about how I should've bought this or I shouldn't have bought that, this is a PSA for you fellow noobs. Keep your cool. + +All the "could have been" moments will only make you more upset and cloud your judgement. Don't let missing out on a winning lottery ticket sour still modest and respectable gains. + +If you're betting more than you can afford to lose, you're not doing it right either and the emotional weight of it could also cloud your judgment. + +Plan strategically. Invest dispassionately. Happy trading. +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. + +I have been watching videos, reading books and doing my own trading over the past 7 or 8 months, I haven't made that much as I'm pretty young and I don't have $25,000 in my portfolio... I have been making 1% and 2% but also loosing 3% and 4% in a single week.. I have been looking at a few stocks and trading based on technicals. + +I was just interested to see what other people do as I don't know if this stratagir is for me or even if technical analysis is a good strategy. + +My goal is to by the end of the year have a strategy that I am happy with and comfortable using big amounts of money ( in my opinion) to daytrade for a side hustle. Any tips or advice?? +When did you realise all your data, tons of trades and system was really woking for you then to scale up and start actually making something from it? + +My green days have turned into green weeks into green months all with live trades albeit with very small amounts of $ at risk per trade. I've been beaten and broken along the way and sought advice several times. + +I'm likely to cautiously scale up here but how do you *really know when?* +This is probably the most exciting update that I can give on this project. 6 developers alongside myself have been working on this for about a year and a half now so it makes me very happy to finally write this post. Because we’re a small team, we've been communicating with people closely and worked towards implementing features that users actually want. We named the application AESIR because who doesn't love Norse Mythology. All 7 of us are active on r/cc and it's through this very subreddit that we met and decided to build something together. + +Before I go any further, I just want to clarify something - algorithmic trading platforms are not some magical money-printing plug-and play systems, and anyone who claims they are / or are advertising it as such are a complete fraud. Algorithmic trading platforms are simply a series of tools that you use as you see fit. If you're a bad trader / lack a trading strategy and have a tendency to yolo funds without testing a strategy first, a trading algorithm won't magically make you a good trader. + +There are multiple reasons why one might want to use an algorithm in order to perform their crypto trading, but the two main reasons are: automating an existing profitable but manual strategy or find new strategies that you would not be able to manually trade. The first tool that we built into AESIR is a great example of the second reason. We want to challenge the way that people trade, and make it easier to employ macro trading strategies. So we built a Volscan Module that allows you to buy any cryptocurrency on your selected exchange that spiked my more than x% in y seconds. + +For instance, you could tell AESIR to scan an exchange and buy **any coin that gains more than 3% in the last 5 minutes**. This goes well beyond the scope of what manual trading can do, as you would never be able to analyse over 1000 trading pairs every 5 minutes. You’d need a lot of coffee for that! + +So with this approach to trading, and coming from a small remote team, we are really proud to finally say that we now have an MVP ready for launch in closed beta mode. It’s still quite a way until it makes it to a full release, as now the application will only be open to a few people to allow us to test the main functionalities of the app, and point out multitude of bugs for us to fix. + +**The Roadmap to Release** + +* The most important thing for us now is to closely monitor the closed beta testing process. There will inevitably be a multitude of issues that arise during the beta, so we need to use that we log, catch and fix those before moving forward. +* The next step for us after Closed Beta will be Load Testing phase where test how well the application can handle a large number of users. +* After load testing, we need to temporarily close access and deal with all of the issues that have come up during Closed Beta and Load Testing. This could be a matter of a couple of weeks, or longer depending on how many issues come to the surface during the testing period. +* Finally — one more internal testing phase before release and we will be ready for an Open Beta. + +&#x200B; + +If you want to get involved with the project, we have our own subreddit at: [https://www.reddit.com/r/aesirofficial/](https://www.np.reddit.com/r/aesirofficial/) + +&#x200B; + +**Obligatory Sneak Preview** + +&#x200B; + +**Live monitoring** + +https://i.redd.it/wqpr5q3215j91.gif + +You can monitor each trading strategy using a live monitor, that will show you exactly what happens behind the scenes, in the moments leading up to a buy / sell. + +**Copy Trading** + +&#x200B; + +https://i.redd.it/gq0qfim115j91.gif + +**Strategy builder** + +https://i.redd.it/j2kphgzj15j91.gif + +&#x200B; + +So yeah, that's it really. Just excited as we're moving towards releasing this application. Thanks for reading :) + +**Edit: Since some of you have asked for them, here are the open beta application link and our discord server:** [**https://discord.gg/jmqr7SvXVM**](https://discord.gg/jmqr7SvXVM) [**https://aesircrypto.com/signup.html**](https://aesircrypto.com/signup.html) +For instance, Wells Fargo was in the 50s before the pandemic broke out, and it still hasn’t crossed 30, while most tech stocks are back to their pre-COVID glory. What stocks do you think are still recovering from the dip, and are good to buy? +Hi all, I am SajiMeister. I wrote 25 pages of the Long Con and a few other DDs. My old DDs have some good substance but were at the beginning of my research. Please check them out if you are interested, they are linked to my profile. + +🦍The attached PDF is a VERY ROUGH draft of a DD I am working on regarding FTD cycles but have not had a chance to finish it. I am posting this only so apes can have access to this information going into the next few weeks. I will post a finalized peer reviewed version as soon as I have enough time to complete. I estimate a 200 page DD when finished. + +Link to unfinished DD on FTDS below. Warning it is very dense and unfinished. + +🚀 [https://pdfhost.io/v/XvUw02URW\_Space\_Apes\_Guide\_To\_FTDs.pdf](https://pdfhost.io/v/XvUw02URW_Space_Apes_Guide_To_FTDs.pdf) [🚀](https://docdro.id/3hcPvqH) + +Edit: took down google link due to popular demand. + +Wanted to include a convo I had in a Direct Message with another redditor on this post as well. I will also write a more detailed DD on this when I have a chance but want to get this info out. + +&#x200B; + +&#x200B; + +https://preview.redd.it/gqxbxqanhfd71.png?width=862&format=png&auto=webp&s=7dcb65587a3faeb92d290ee49647f11f64942db4 + +https://preview.redd.it/1akinu7qhfd71.png?width=1103&format=png&auto=webp&s=ad4d163e2093ed573816d574dfd17b0469bd9c3d + + + +**QUICK THEORY OF WHAT HAPPENED IN JANUARY** + +I was going to get into this in more details, but I wanted to paste a quick DM message I discussed with someone on reddit regarding what happened in January and what most DD writers are missing. + +If whales time the super wedge precisely you can get massive price movements since the support and resistance meets up and they need to recalculate algorithms. Recall a few million shares at the apex and you will destroy shorters. + +That’s why shorters moved away from borrowing and moved to FTD's and shuffling. Some institutions in January sold off and they ***HAD*** to recall their shares to sell off. It put the shorters in a pickle, they were forced to deliver shares whether naked or market bought + +Shorter’s didn't like the predicament they were in so they used options, ex-clearing, settlement cycle delays and other methods to move short positions to a place where they can’t get forced share recalls. + +No one talked about what I just said in other DDs but institutions ***HAD*** to recall shares to sell off in January. Fidelity sold around January 20th with over 10 million shares. You damn well know they had loaned shares. They recalled the shares then sold. Other institutions that evaluated GME as say a 40$ max company started selling off when the price was 50$ plus. They also recalled their shares on loan to sell. Mix that in with retail mega buying pressure and you have an infinite squeeze. Shorts naked shorted institutions who wanted shares to leave positions. They probably also shorted retail or used odd lots and internal clearing to deal with these "pests". Then institutions used the naked shorts to leave. That’s where the massive volume came from. Shuffling. The shorters either used settlement cycles c+35, options, ex-clearing, and other methods to keep short positions open to wait for the price to drop to not go bankrupt. Price didn’t drop so come February the shorters locked into c+35 covered them on the way up since they were locked out from marking shares as short per Reg SHO then shorted it down when they clear their outstanding Ftds. This left the positions open but probably hurt them since they had to buy up FTDs before they were able to short again to not go bankrupt. Say they covered at an average price of 80$ then shorted on the way down with an average gain of 70$ per share. They still lost at 70$ per share but were able to stay alive. Remember shorts do not need to report Ftds if they use ex-clearing. They still have to oblige to maximum settlement time aka c+35 so they can defend any penalties sec tries to throw at them. Hence why they hire SEC execs to work in their legal department. I believe the deep otm put options never get shuffled tho and we are only seeing volume from the shares shorters chose to move to C+35 cycles. A tip of the iceberg of naked shorts floating around. + +Any arguments wrinkled brains? I have never had anyone discuss my theory. The chart I keep sharing shows obvious correlation with c+35 and short interest drops. + +&#x200B; + +https://preview.redd.it/iuccalpvwld71.png?width=627&format=png&auto=webp&s=54f26cce47c70800fcbc18bf4dab1e39286e4b7f + +&#x200B; + +C+35 and threshold T+13 Correlation Graph. Pretty convincing but I'll let you decide. + +Would love for someone to make a counter argument. + +I put out a dd on this a couple months ago but didn’t get that much attention because ppl said institutions never sold off in January. And the reason why they hated the theory is that if institutions recalled shares then shorts closed their positions but it is not true. You have to think past that and look at the data + +Institutions sold off a lot in January through March. Retail bought up shares and shorters naked shorted to not realize any losses hoping the price would fade down since retail is retards. + +This chart says a million words. The short interest lines are by the millions of shares and are Ortex estimated short interest drops on said days . The correlation is staggering regaring when short interest drops and the c+35 settlement cycles from that. My guess is that a percentage of the short interest drops is due to institutions big or small wanting to sell off some of their positions. Recalling their shares triggers shorters to naked short in the name of liquidity and use c+35 cycles to reshuffle + +[https://www.reddit.com/r/Superstonk/comments/npd3dg/a\_look\_into\_short\_interest\_reported\_why\_it\_is\_the/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/Superstonk/comments/npd3dg/a_look_into_short_interest_reported_why_it_is_the/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +It’s old and before I was very informed with settlement cycles but I outlined the theory and still believe the theory is 99% correct. + +I even got a snake award for it but I am 99% certain my theory is correct and people dance around it because they believe that shorters report short interst and not institutions. DOMO capital even backed up this statement in the AMA they did. + +Now that shorters took control of shorts using naked shorting they don’t report them anymore. + +Ftds are settled ex-clearing which is a giant loophole to not report Ftds. The sec acknowledged this and said they wouldn’t change it unless “it gets out of hand”. + +The giant drops are from institutions receiving their naked shorts then selling off. Less institutions now, hence why the volatility is less on run ups. + +Basically they said only 10% of trades are settled through ex-clearing “external clearing” . So they didn’t think those numbers would impact the market. The thing is that with gme they are using ex-clearing way more than any other stock because they are in a corner and will use any loop hole to stay alive. + +Bonus Graph + +The below graph compares reported Ortex estimated short interest (grey line) to estimated short interest based on analyzing data from Ortex regarding borrowed shares (orange line) and returned shares every day. Basically the orange line starts at the end of July with official short interest numbers from July then the remaining line is only drawn using the daily borrowed and returned share data from Ortex. As you can see the estimate falls in line with Oretex's estimated short interest for the most part until the January extreme drop off in short interest. For some reason Ortex's short interest estimate doesn't even fall in line with their reported borrowed and returned shares every day. Using Ortex data instituional short interest is at least at 60 million shares. This does not include option FTDs, settlement C+35 FTDs or in house FTDs. Some more research needs to be done on this but it is eye opening. + +&#x200B; + +https://preview.redd.it/jf8v4w51xld71.png?width=624&format=png&auto=webp&s=2434b158d570c962f1e3bedf1a325e650e5fe4e0 + +If you want to see how the short interest estimate was made using ortex dat see the figure below. + +📷 + +***TLDR:*** The attached PDF is unfinished but has 80 pages worth of useful information regarding FTDs. Shorters use ex-clearing to keep FTDs open without reporting. Short interest drops also follow C+35 cycles. The short interest was moved from borrowed shares to naked shorts since January. These numbers do not have to be reported if done through ex-clearing. Prior to January sneeze institutions loaning out shares were the ones reporting the numbers. The number of institutions loaning shares dropped hence why the reported short interest dropped. The shorts are still being hidden through FTDs which have a complex rule book but obvious loop holes. The institutions left diamond handed through the January squeeze and will not sell at the low runup prices being seen. The flash crashes seen in January and March were due to shorters giving institutions naked shorts. The institutions wanted to sell but had to recall their shares to sell so the shorters gave them naked shorts or shares created out of thin air. The institutions then sold off the naked shorts to leave their position hence creating the flash crashes. Retail bought up these shares thanks to the help of wall street bets and Elon Musk. Check out the PDF linked at the top to discover ways to hide FTDS. + +As always buy and hodl. Read through the PDF to get more wrinkles if you are into that. And rockets 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +***- Saji*** +Started stacking sats in October 2017, this month was the 48th. Looking forward to the next 48 months! Its a long game folks. Hope you get some motivation of my writings as I document my journey of buying Bitcoin every month. Its not an instawealth story. Don't feel sorry for not having a large amount of Bitcoin. Do what you can to increase your ability to keep buying month after month, dip after dip, ATH after ATH. Keep at it for many many months. It will be worth it. + +[https://er-bybitcoin.com](https://er-bybitcoin.com) +There are almost no buyers. A couple traded for $0.01 the last market day, but mine didn’t sell. I had a GTC limit order at $0.05 for a few weeks, but no luck. I contacted Fidelity and they said there’s no way to get rid of them besides trying to sell them. + +Can I list them on a specific exchange and have a friend buy them, and then venmo that friend? Is that illegal? + +Is there any other way I can dump them before year end? + +EDIT: They are 1/21/2022 ICLN $35 calls. I guess I’ll try to market sell them every day, and if they haven’t sold by 12/30 I’ll try a tricky spread thing. + +EDIT 2: I called Fidelity and they said they can put in a “cabinet order” which is a special designation to try to dump the shares. Still no guarantee, but the rep said they’ll try it and I can call back tomorrow if no fill. +Here’s my situation: I currently drive a 2006 Subaru Outback. It’s a great car that will last several more years. However, I am needing a truck for work. Hauling tools, wood, and equipment in my Subaru is doable but very limited space and it gets very dirty. + +My goal for a truck is a $150 monthly payment (I know it’s low), and currently the best way to achieve that is through leasing a Toyota Tacoma and putting down 10k. My plan to put down 10k will come partially from the resale of my Subaru and partially from saved money. With insurance I’m looking at around $210 each month which is within my budget. If I do this, I plan on purchasing the truck after the lease is up. + +Is this plan smart financially? I want to do the right thing and this seems like a good option to pursue for my current situation. Thanks + +Edit: I’m unable to store a trailer where I live due to HOA regulations + +Edit 2: thanks for the input. It looks like I probably need to explore my options outside of a new car first. If I elect to do a lease I will not be putting 10k down. I didn’t know that money could be lost if something happened +Hi all, looking for some advice. + +I am 23 and have been working an admin job for a small business since June 2019, and I feel really stuck and depressed. + +Just gonna rant a little to explain my situation. + +When I got the job, it was like a miracle, totally above my experience level and really lucky. I was really good at it and my boss was really happy with my performance. I got new responsibilities and a pay raise only 6 months in. + +Covid began obviously March 2020 and I worked from home from then on, returning December 2020. Some personal events in my life (traumatic injury, relationship breakdown, mental health crises) impacted my experience of covid and coming back to work was hard on me. Around this same time the business was growing exponentially and with that was my work load. We hired a second admin person who I trained. + +This second admin person now has an entirely different job role to me which requires a lot of collaboration with our boss and leaves me feeling very left in the dark with all of my (very important and difficult) duties having zero collaboration. + +At my 2 year performance review my boss tells me that she’s unhappy with my role progress, I’m not going above and beyond and I need to improve, while at the same time complimenting my skills and effectiveness at all of my listed job duties and recognising I hardly make errors. + +This hits me hard and from then on I have been anxious and bitter at work. I love what I do and find it a rewarding role and industry to work in but my boss is just awful. + +In the 2021 Melbourne lockdown I decide to search for other jobs. I interview for one and my odds looked great, they asked me to provide my referees. So I have to tell my boss I’m looking for other work. That job doesn’t pan out and now I’m stuck with my boss asking a ton of questions about my plans. + +Obviously she needs to run a business and needs to know what’s going on with her employees but I’m a human and sometimes I can’t predict the future. Initially I tell her I’m still looking for jobs, Then I decide to give my job another shot now the 2021 lockdown is over and decide instead to do a full time course in the hopes of a career change, starting March 2022 (I tell her this late 2021), then my partner is out of work for a few months and I’m no longer financially able to do that so I tell her my study plan is delayed til mid 2022. She accuses me of “flip flopping” and says that she’s sick of me changing my mind. + +In my last meeting with her I try telling her that I wasn’t happy with the flip flopping comment, and that I felt pushed into telling her my plans before I was ready, and that as an employee I have a right to change careers or look for other jobs. I also tell her I’m not happy with the lack of collaboration I have in my role and feel that my very high stakes duties are left all to me and I’d like that to change. She doesn’t have a bar of it and doesn’t offer any apology or solution. + +I want to quit because I hate working for her but have no financial stability or savings. I have 6 years admin experience so surely could get another job, somewhere. But I’m left so exhausted by working every day that I can’t bring myself to look for work, and even if I did, she would be extremely unhappy with me asking for a reference before I resigned. + +TL;DR + +My boss is making my life hell, tried to quit last year but didn’t work out and now she’s unhappy with me changing my mind. Have no financial stability or savings in order to aid in resigning. Feeling stuck. +Hello, I'm not really sure where to go with this so if this is against the rules I apologize, and delete. + +I'm verry worried about my financial future, I have a disability (intellectually and physically) that prevents me working full time (I push my self for part time work) + +I'm 30, I have about 12k in savings, 10k in some shears if sold. 6k in super. + +6k in a car loan I owe. + +My folks died when I was young from the same thing I have and no inheritance was given as there wasn't anything. + +I'm very streesed about my financial future, as read that pensions will not exist in the future, I have never thought about it as I didn't think I would be alive but with new treatment available next year could mean I will live longer. + +I don't know where else to talk about money but I know I'm not allowed to ask for advice so I'm not doing that. Just want to be less streesed about it and don't know where to start. +I posted a thread on a different subreddit asking if someone could spot me $25 to patch a tire since my checking account is $-489 and I don’t get paid til Friday. + + +Someone messaged me offering to help, they asked for my email and sent me a check for $1200!!! Omg!!! I was so excited. It was from a company that also has an account with my bank. I was so excited I immediately mobile deposited it. They asked for a screenshot and I showed them that it was still pending because it was probably too much. So they sent me another for $500!! Wow!!! Also, like a fuckin moron I deposited it because I was so excited I might be able to pay my fuckin car insurance and other bills I’m behind on, they asked for a screenshot but before I sent it said “I’m gonna need you to Zelle by cousin some money for textbooks”. + + +Wait what? I sent the screenshot of the $500 still pending. I asked if they had a business card showing they worked at said company. No response. Checked history. No comment or post history. Fuck I’m such an idiot. How did I fall for this. I was simply so excited that maybe for once I wouldn’t be pathetically poor and have to budget for a Wendy’s 4 for 4. + +I Immediately called the bank. They said the checks were obviously fraudulent and looked super fake but he ran the numbers anyway and they didn’t match. I’m lucky the fraud checks were with the same bank so he was able to find out immediately. But now my account is frozen completely at $-2100. We have to wait for the checks to actually bounce before it becomes unfrozen. No in or out. I’m not gonna get my direct deposit on Friday now, I have no idea when I’ll get my paycheck, and all my autopay bills will bounce as well. + + +I fucked myself so hard, I literally have $0, my friend was kind enough to give me $50 but that’s not even a full tank of gas and my work commute is 30min one way in traffic. + + +Please don’t be an absolute idiot like me. Check post history and only deal with like, cashapp or Venmo or something, if they ask to work with your actual bank it’s a scam. And don’t fall for the “Good Samaritan” spiel they give you. It was super convincing. Verify verify verify!! +I posted a thread on a different subreddit asking if someone could spot me $25 to patch a tire since my checking account is $-489 and I don’t get paid til Friday. + + +Someone messaged me offering to help, they asked for my email and sent me a check for $1200!!! Omg!!! I was so excited. It was from a company that also has an account with my bank. I was so excited I immediately mobile deposited it. They asked for a screenshot and I showed them that it was still pending because it was probably too much. So they sent me another for $500!! Wow!!! Also, like a fuckin moron I deposited it because I was so excited I might be able to pay my fuckin car insurance and other bills I’m behind on, they asked for a screenshot but before I sent it said “I’m gonna need you to Zelle by cousin some money for textbooks”. + + +Wait what? I sent the screenshot of the $500 still pending. I asked if they had a business card showing they worked at said company. No response. Checked history. No comment or post history. Fuck I’m such an idiot. How did I fall for this. I was simply so excited that maybe for once I wouldn’t be pathetically poor and have to budget for a Wendy’s 4 for 4. + +I Immediately called the bank. They said the checks were obviously fraudulent and looked super fake but he ran the numbers anyway and they didn’t match. I’m lucky the fraud checks were with the same bank so he was able to find out immediately. But now my account is frozen completely at $-2100. We have to wait for the checks to actually bounce before it becomes unfrozen. No in or out. I’m not gonna get my direct deposit on Friday now, I have no idea when I’ll get my paycheck, and all my autopay bills will bounce as well. + + +I fucked myself so hard, I literally have $0, my friend was kind enough to give me $50 but that’s not even a full tank of gas and my work commute is 30min one way in traffic. + + +Please don’t be an absolute idiot like me. Check post history and only deal with like, cashapp or Venmo or something, if they ask to work with your actual bank it’s a scam. And don’t fall for the “Good Samaritan” spiel they give you. It was super convincing. Verify verify verify!! +I made a post sometime last year about an energy bill I received after leaving a 2-bed flat I rented for 4 years with one other person. We paid ~£120/month on average over the 4 years so were surprised to receive a bill for £3600 in unpaid gas + electricity charges incurred over the course of our tenancy. Several people on here brought up back-billing so I raised this with the energy company. We went back and forth with them for months with further delays in correspondence due to the pandemic. The best they ultimately said they could offer was a repayment plan for the full amount with interest. Someone then suggested I contact the ombudsman, so I submitted my complaint online not really expecting anything to come of it. + +About 3 weeks later the energy company write to apologise for incorrectly billing me and they had now revised the £3600 figure to factor in back-billing. They also offered to apply a further discount as a goodwill gesture so were happy to settle at £600 if we no longer pursued the case with the ombudsman. We really just wanted to be done with them so we agreed to settle at £600, but the tone of the letter suggested they genuinely felt we had them over a barrel. We paid the £600 and haven’t heard from them since. + +TL;DR - what is an ombudsman and why are energy companies so afraid of them? +Please use this thread to have discussions which you don't feel warrant a new post to the sub. While the Rules for posting questions on the basics of personal finance/investing topics are relaxed a little bit here, the rules against memes/spam/self-promotion/excessive rudeness/politics still apply! + +Have a look at the [FAQ](https://www.reddit.com/r/financialindependence/wiki/faq) for this subreddit before posting to see if your question is frequently asked. + +Since this post does tend to get busy, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. +One year ago, things were looking pretty bleak: I was working 48 hours a week at 2 minimum wage part time jobs. I was exhausted because one of them was a nightshift job and the other started at 9am, so as you can imagine I didn't get a lot of sleep on those back-to-back days. My total income last year was approximately $19k and my bills were more than my monthly income. Total debt: $5k in credit card, $10k in line of credit, and $42k in student loans. Total: $57,0000 in debt (not including my car loan, which is shared with my husband). + +After trying and trying, I finally landed a job in Alberta- the land of plenty. My income more than tripled and my bills only went up by about $500/month (rent). I spoiled myself on some small things (archery set, a tattoo, clothes), but mostly I budgeted and buckled down in preparation for finally paying off my debt which has weighed so heavily on me since I graduated university in 2010. + +My budget has been very strict, and on March 6th, I will have paid off my credit card and my student line of credit: a hefty $15k. This is a huge personal goal for me because my credit card has been maxed out for about 10 years, and my father co-signed on my line of credit and I wanted to get rid of that for his sake. + +After March 6th my new goal is to pay off our joint car loan ($9k), put away $600/month in savings, and after that start hammering away at my student loan. My remaining $50k should be gone 3 years from now and it can't come soon enough. This is all based on the same income as I currently have, no raises or changes taken into account. I'm hoping to change careers and increase my income again in the next year so wish me luck! + +It has been a really long, hard road of living paycheque to paycheque for 10 years, but things have finally turned around. I know oil prices are suffering right now, but when it picks up again I recommend people taking the leap of faith and looking for that Alberta job. + +I have learned valuable lessons from this experience: invest, save, spend wisely, don't put anything on credit if you don't already have the money, and prepare for the future. I am learning more about RRSP's and plan to invest heavily after my loan is paid off. I am looking forward to the future and perhaps finally taking our honeymoon! + +Good luck everybody! + + +What are your thoughts on Apples price movements? The stock is down over 15% from its ATH, after reporting a monster quarter. Are they still overvalued? Or is now the time to “buy the dip”? + + +Of course we know nothing - but I am curious to hear sentiment on this stock. CNBC constantly name drops Apple to guests and guests always skip Apple and speak on Alphabet, Fb, or Microsoft. + +Are you waiting to purchase? +🚩Get in super early on this wealth creation saving project and secure your passive Binance-Peg BUSD income! + +BankersDream team consists of German financial experts paired with a software developer. The goal is to build an asset with an ecosystem fuelling the volume for the rewards to consistently secure your passive income. + +🚩BankersDream is highly community driven and the team wants to work with the community to make this into the next big reward token. + +↪️ Always feel free to enquire in their socials, the team will answer any question ! + +Buy on PancakeSwap + +📜Contract address: 0x966f75a3A48BD6133220Bf83A62429bf04Adf29f + +📊 Tokenomics + +\- 8% Reflected in PEG BUSD-T to all holders + +\- 1,5% Liquidity + +\- 2% Buyback and burn wallet + +\- 4% Marketing + +\- Anti-whale mechanism, no wallet can hold more than 8% + +📌BankersWhale + +\- The first community idea which will be implemented into the system is BankersWhale. + +\- 1,5% of the marketing tax will be used as a community investment fund. The BankersDream team will use this money with community suggestions to invest in various altcoins and meme coins. + +\- New projects can also reach out to BankersWhale to apply for an AMA with the BankersDream community, in which they can present the idea and receive an early investment from our fund. + +\- 75% of the yield generated by the fund will be distributed to holders, applying the same logic as for the BUSD rewards. + +\- 25% of the yield will be kept for further development costs of the ecosystem. + +\- The BankersWhale fund is a risk-free way for their community to generate another form of income. + +\- Only BankersDream Holders will receive the participation in the yield! + +Visit and learn more at[ www.bankersdream.org](http://www.bankersdream.org/) or Join our Subreddit r/Bankers_Dream. + +Daily AMAs at 3PM EST in our TG. +Hi there, + +I work for leading energy company in the UK and for people who may struggle going on 80% of their wages thought I could give a bit of advice on how to cut their energy bills down (electric and or gas). + +Firstly if you've applied for a warm home discount payment, you still have time to receive it till the 31st march (I seen a payment go out on friday). + +Secondly, if possible, look on the online app or website and see if there are cheaper tariffs to go on - I also cannot stress this enough, our company's cheapest tariffs are not available over the phone they are on Uswitch. If you are able to use the internet and are okay not receiving a paper bill, sign up for an online tariff cause they can usually save you at least £10-20 a month which adds up over time. If you currently pay on receipt of bill, check out how much a direct debit would cost as that can also save you money. + +If you are unable to pay this month, contact your energy company (the lines are crazy right now as we are on reduced hours however most energy companys you can contact via online chat or fb messenger meaning you don't have to waste your minutes, it will take longer but you don't have to sit waiting listening to hold music). You can ask if you can put a promise to pay on the account - currently we can put them on for up to 30 days however there are discussions of us getting authorised to put them on for longer. This stops any escalation towards a credit default being put on as well however bear in mind you would have to pay after 25 days as it can take up to 5 days for the bank to totally clear the payment and the payment to attach to the correct energy account. + +Tell us if you wish to cancel your direct debit as we can put you on receipt of bill instead - if you cancel directly with your bank without telling us we put it down as a bounced payment and if you have 3 bounced payments within 12 months you won't be allowed back onto a direct debit again until the date of the 1st bounced payment has passed. + +If you are unable to take meter readings for a property because of self isolation and believe the estimated bill your company has produced is too high for your usage, ask us to put a lock on the account because of an outstanding issue and we will make note that you are unable to take meter readings due to isolation. A lock lasts up to 30 days so if still unable to take meter readings, contact us after those 30 days and we will see what we can do. + +Lastly, most energy companys have a phoneline that advises on how to be energy efficient and figure out where most of your energy usage is going. A lot of the info they have is really useful (I cut my bills by from £80 to £65 a month just by making simple lifestyle changes). + +If anybody has any questions that I could possibly help with, please ask. I'm not fully trained on prepayment meters but might be able to help or explain things further. +Mostly credit to u/catch_0x16 for pointing this out in the daily discussion. Kudos to him for having the balls that I didn’t have to mention about this. + +I was going to make a post regarding Max Pain last week but decided not to since everyone was so stuck on believing the long whales were behind it. Anyways what he says in his comment is quote: + +“I see a lot of confusion about max pain. For me it's quite obvious. Citadel are a Market Maker. They are selling the calls to gullible parties and making bank off the premiums. They are then using the darkpool-buy routing to manipulate the price down to keep it within max pain + +Max pain isn't the work of long whales, it's the work of Citadel Securities so that they can basically print money by selling call contracts that they know will never come ITM. They are going to keep doing this until someone changes the rules, or some huge catalyst (like Black Rock recalling all of their loaned shares) forces a buy-in.” + +Tldr; MMs like Citadel are manipulating stock price to reach Max Pain to benefit off of premiums and not have to deliver shares. + + + +This is why I’ve been skeptical of max pain since the beginning, everyones been pushing the concept that long whales are using it to bleed out the SHFs so their contracts are worthless but that honestly makes very little sense in the long run right now. IV is very low after almost a month of flat trading, it’s really a very opportunistic time for longs to drive the gamma squeeze. HOWEVER you cant just gamma squeeze off of options chains, you have to run the stock price up to compliment the options contracts and they work hand in hand going up. + +But what if youre a MM thats making bank selling all these contracts every week and YOU (citadel) controls the order flow of buys/sells of about 40-60% of the US brokers. Lets say average volume of OI options of calls+puts are anywhere around 50k total per week, and avg cost is $5 if you were to calculate all the OTM OI volume when you reach max pain, that means the sellers of the puts/call premiums roughly ran away with $25million in premium for the week! (P.s these numbers are just made up for the example here). So here we have Citadel Kenny here who can control the stock price and keep selling option premiums to make money and fund his borrowing costs on shorting the stock and wait till someone forces him to cover (aka Papa Cohen with recalls or the SEC finally doing their job). + +Need more numbers to explain why Citadel wants Max Pain? At the Height of the IV during the late feb/early march run to $350, premiums avg costs for even the $800 strikes on weeklies went for anywhere from $20-30 PER contract, you be freaking drooling if youre a options seller cause that premium is freaken insane $$. Dont get me started on the $300-400 strikes that were going for $60-80 per contract during those weeks of the run up. That meant anyone that sold calls/puts during the month of march made $$$ at “max pains” they probably ran off with $200-300MILLION in options premiums possibly weekly between the OTM options that didnt make it. + +For Example (numbers are not directly reflective of what actually is but just to show the point) : + +50000 OI contracts x 100 shares x $30 avg price per contract = $150million in premiums + +These guys dont hold their option contracts for long, they buy calls/puts, move the share price and then sell off possibly within the same day or two and profit off the volatility in price movements. + + +You apes must be fking tired right now, but bare with me a little longer: + +Need more reasons why I believe Max Pain is what the SHFs want? We all know back in Jan. Melvin was the main publicly known shorters of GME. They eventually got bailed out by Citadel Ken Griffon for $2 billion. Now another known shorter that is in on trying to put down GME and also helped bail out Melvin in Jan was Point72, whose owner Steve Cohen was the boss of Plotkin when he was working under him before starting Melvin Capital. + +“Yeah yeah we know this so what?” - okay so this Steve Cohen guy is a ruthless hedgie known to use ruthless tactics to bleed out options traders and basically control the price however he wants while making bank on selling premiums to them. +How does he do that? He creates huge sell and buy walls that drive prices up and down to counter the opposite movement, as a result the price remains FLAT. Sounds family? Big buy walls and sell walls, trading flat, max pain?? Now this Steve Cohen ( the bad cohen) is buddies with Kenny Griffon, so why not get him in on this strategy and make bank on premiums while everyone thinks youre just bleeding from the shorting costs? + +So what do we so? + +Just HODL 💎💎🙌🏻🙌🏻. +Eventually we will have a catalyst to run the price up and hit gamma squeezes. But we need the long whales to figure out how to beat the exchange and FTD manipulation or any catalysts like +1. Share recalls +2. SEC doing their job +3. DTCC margin calling those bichtes +4. Sheer volume (in the triple digits) of retail buying +5. CEO?? Papa? + +Tldr: Max Pain is probably Shorts bleeding out option holders and benefitting off selling as Citadel is a big MM. Max pain means driving IV down and keeping share price from gamma squeezing. We have the DD already, the squeeze is coming, don’t worry about Max Pain and the options chains, too complicated for Apes. Just HODL and wait for Papa Cohen to make Gamestop a 100billion dollar company 🚀🚀🚀🙌🏻🙌🏻💎💎 +The DTCC waved margin requirements and faced no consequences. They did it once and they'll do it again on the next run. Will it go past previous highs? Maybe but that won't be the MOASS. They'll turn off the buy button. + +Here are the options that will be the start of MOASS: +I consider the start of MOASS to be 10,000. This price determination is pure speculation and should be treated as such. + +Option A (Main Way): +The most likely option. Total Recall. Gmerica uses the NFT marketplace to recall their shares from the DTCC. This forces the DTCC to scramble to find shares. The stock price will rocket. Bots will be at all time highs. Reddit will be down. MSM will admit the apes got it right and each boom in price will question or state the MOASS has occured. I can see this happening after the marketplace releases and the announcement a month afterwards. In other words, the end of August. + +Option B (The For Sure Way): +DRS. Another ape has tracked the rate of DRS increases. The whole float will be DRSd next year May 2023 based on previous data. I don't have it here link in comments would be appreciated. + +Option C (Oops MOASS my bad): +I'm fucking wrong. The marketplace and the companies associated with the launch cause the wombo combo with current DRS numbers. Setting the stock into the stratosphere (10,000) to start. Time limit on this will be end of July. If this occurs I'll dress up in an ape costume and deliver pizza to my local GameStop and film it. +If you think about it, we have very little to lose compared to them. Technically they've already lost (money & their egos). Even **"IF"** the stonk were to go to "0", most of us would only be out thousands of dollars, which we can easily make back eventually. Those guys are burning millions of dollars per day to manipulate this shit. And they've been doing this for like 2 years now. I can't imagine how bad it really must be for SHF. They will never make that money back, EVER. + +We have minimal risk in this with possibly unlimited upside. So why be worried? The price is down 30%+...so what? Down 50%+...who cares. They're down worse. Always have been and forever will be. + +I'm not selling until they're cell-ing somewhere. My money is in the Gmerica bank earning crazy interest every day that those idiots continue to dig their grave deeper. I'm zen. + +We go **BOOM** soon! +Can I tell you a story? + +My credit score now sits at a 614. It used to be in the 400s. All throughout my life I was a mama's boy. Everything she said, I believed and adhered too. And I would do anything to help out my parents. We had it rough. We were poor and who wouldn't love to help their parents? Including letting her use my SSN to open an account for the family. + +It was always the same spiel. "HeyItsRed dad and I can't open a generic account because we owe them money. Can we use your name?" "Sure mommy" (note- most times she never asked).) Don't get me wrong, I now see how stupid I was. This happened with or without my knowledge several times, spanning several different types of accounts (cell phones, tv, utilities, rent, etc.) I had no earthly idea about this sub or other people like me and their struggles. + +My mother's actions have landed her in jail on more than one occasion. Each time she got out I was there for her. Until I turned 18 and the creditors swarmed in, and the court cases were filed against me (from bad checks she wrote with my checkbook, unbeknownst to me). I lost my car, I had to drop out of school (community college), I lost my job (bad checks written in my name to the retailer - fire able offense). I loathed her. I wanted to know how she could do something to her own child like that. But now I know she has done it to everyone. Shes sick and so I amputated our relationship. I ignored these offenses, foolishly, until I was 22. I started to get bills in the 1000's of dollars from debt collectors. + +I had to do something. This was my future she could have ruined. I contacted a detective from back home and filed a police report. It was long. This man was was so patient with me while I collected all necessary information. One by one he got charges and creditors off my back. + +When the detective had gone to speak to her, she denied everything. I was furious. This was her moment to take responsibility. Alas, she hadn't changed. The detective was able to show that I had opened none of the accounts but no charges were brought against her, because I couldn't show that it was her. Just that it wasn't me. Now I'm a junior at a good university. I paid off my car. I have a credit card (haha a big deal for me.) Most importantly, I pay all my bills off on time. I know some of you may not want to file charges but it's necessary. If you ignore this, It will haunt you. It will take time. But it is all necessary. The longer you wait the worst it'll be. + +Tl;Dr My mother use my info to open accounts and ruin my credit. I filed a police report and got it all removed. I also never spoke to her again. + + +Edit: I've been working all night and oh my god this has blown up. Reading all these has been inspirational. I will attempt to read and respond to every person I can. You guys are awesome and I love this sub. I couldn't possibly be happier with this post. + +Also thanks to the bloke who gave me gold! I don't really know what to do with it. +http://www.streetinsider.com/Analyst+Comments/Tesla+%28TSLA%29+Stock+Worth+$113+in+Best+Scenario,+$58+in+Worst+-+Goldman+Sachs/8503031.html + +EDIT: And we've close at 109.10, down 18.16 or 14.27% + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +When it comes to investments, I only want to buy something that has long term potential. Not interested in pumps/dumps/shills and all that. I want something that has solid use case over the coming years. Something I am comfortable holding for a decade regardless of how the market is doing. You’d think that based on this mindset, one would be comfortable ignoring price action, just research, buy and go about your daily business right? Right??? + +Well, fuck me I’ve been so wrong! I must be checking my portfolio like at least 10+ times a day, and it’s so fucking pointless. I don’t learn anything new about what I hold, I get distracted from real life, stress myself (both when things go up or down, or sideways for that matter), see price patterns that tell you jack shit, and get tempted by my animal spirits to make stupid decisions on the whims of the moment. Lots of people here who say they do “research”, when in reality they basically just look at lines and candles all day and think they’ve learned something when in reality all they’ve been looking at is market volatility visualised. + +So I want to try avoiding checking prices/my portfolio for a week, and thought perhaps others here want to join too as a challenge, and to keep each other accountable (well, at least in spirit). I’ll update the post in a week on whether I managed or how long I lasted lol. Others could do the same in the comments with reminders if interested, and then see how badly we all fuckup :p + +Will be interesting to see what portion of people actually get through 7 days, and whether we are all just a bunch of degenerate crypto addicts ;) + +**Post Challenge Edit:** oh boy, wasn’t easy to control the impulse, but glad I managed, phew! Made me realise that I use crypto as an excuse to get distracted from stuff in life, almost like a form of entertainment, rather than anything else. + +As quite a few people pointed out in the comments, the healthier approach is to set a specific time of the week or days of the week to do anything crypto related. + +Well done to everyone who managed, hope it was an interesting learning experience. Maybe we can make it a habit ;) +I'm reading some things that are saying how technical analysis is completely worthless and straight out of the crystal ball. I have to say (with my almost 0 experience but math and science background) that I actually sort of agree. I'm not here to assert this but rather to investigate. + +I'll start by saying that I think that the moving average holds some weight, even for the simple fact that enough people think it does that it can influence the market. I also feel that the moving average reflects the stocks tendency to regulate itself around the company's earnings. So, to summarize a bit; The term technical analysis casts a wide net and drags up a bunch of shit. What is the shit and what is the truffles? How do you go about sifting through? What are the "real" indicators? +Newb here, I was wondering if anyone knew a good paper trading api I can actually try “live trading” on through python instead of relying solely on backtests and busting my account? + +Thanks +Here is a scenario that I often come across when trading slowly moving stocks with wider bid-ask spreads. + +Let's say the bid is 4.5 and the ask is 4.7. There is no much liquidity, and the bid/ask are stuck at these levels. + +I bid one lot at 4.51, and presumably, should be the highest bidder at this point. After submitting the bid though, the highest bid that is streamed in Level I quotes is at 4.51, but the lot size is 6, meaning someone else immediately joined me at the new level with 5 additional lots. These additional 5 lots join me instantaneously, at least on the time scale that the polygon stream allows to see. So it is clear this is done automatically by HFT, or MM - someone with a very fast connection. + +I am trying to adjust my bid higher to 4.52, then to 4.53 - sure enough the 5 additional lots follow me all along. + +But here is the thing. When the bid gets hit, it is not me who is getting the fill ! Very sure, I was the first at this level, and yet it is not me who is getting filled. + +Few questions: + +1. Is the one that follows my bid has some special privileges on the exchange, so he can cut in front of the queue? +2. Is the order filled at some other place that I can't see, e.g dark pool? +3. Do I have as a retail trader tools at my disposal to route the order differently so that it doesn't happen? (I use Interactive Brokers) + +Someone can tell me what's going on here? + +&#x200B; + +Thanks! +**Posts in /r/investing regularly advocate buying high dividend paying stocks.** The arguments are varied, but usually highlight that these stocks **(1)** pay an attractive dividend yield compared to the current low rates of interest and **(2)** represent a more reliable investment since the dividend stream gives steady returns while the stock price will fluctuate up and down. + +For anyone familiar with the classic results of Miller and Modigliani (1961) that dividend policy does not change the value of a firm, these arguments have always seemed less than convincing. The essence of MM's argument is that an investor can produce a stream of cash flows from a non-dividend paying stock simply by selling off a fraction of his holdings and thereby create a dividend paying stock. Conversely an investor in a dividend paying stock can reinvest the dividends into additional shares in the company and thereby be in the same position as if the company did not pay dividends. Given this equivalence, MM go on to show that dividend policy is irrelevant. + +When one politely points out the implications of MM, one tends to get one of two reactions from the OP advocating dividend paying stocks. The first is a blank, dull look on OP's face (at least that's what I imagine in my mind's eye). The second is the retort that it might be fine as theory, but real-world frictions such as taxes make the MM irrelevance theorem irrelevant in practice. + +A [recent paper by Hartzmark and Solomon](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2876373) attempts to explain why investors differentiate between dividend paying and non-dividend paying stocks. They argue that dividend irrelevance is hard for people to grasp since it **"runs counter to intuitions from other areas of life, whereby harvesting the fruit from a tree is viewed as fundamentally different to harvesting the tree itself."** I thought that this was a great way of putting it as it gets to the heart of the misunderstanding that many people seem to have. + +Their paper is highly readable (i.e. non-technical) and the introduction is especially good at laying out how behavioral biases (in particular, the use of separate "mental accounts" for price changes and dividends) leads to irrational behavior. They go on to show, among other things, that investors who focus on dividends pay less attention to capital gains. Overall they find that "investors do not view dividends and capital gains as equally important contributors of returns, but focus on one variable or the other." + +TL;DR: Focus on total returns and not just the dividend yield. Recent research by Hartzmark and Solomon (link above) does a great job of explaining "why the popular discourse on dividends diverges so sharply from the academic literature" and how investors do not properly judge the tradeoff between dividends and price changes. Would love to get people's thoughts about how they look at dividend paying stocks and also what they think of the paper. +Without doxxing myself, I've been a CPA (specifically, a tax accountant) in the US for about 10 years. Recently at my firm, I've been included in a small group of professionals forming a network of crypto tax consultants and specialists. As I truly love the crypto community, the best contribution to this sub I can think of is to try to 1) put together a few tax tidbits and 2) to answer every tax question that I can in the comments. Reading alot of comments and posts in the sub, I'm a bit concerned that my fellow crypto enthusiasts are going to put themselves at risk of the IRS by not fully understanding the extent of their activities. Now before I start answering, I'll add that anything I say should be used as a guide to either do further research on your own to understand your tax situation as it relates to crypto, or to acknowledge that your tax situation may be over your head and you should seek out a tax professional. There are tax resources such as koinly, and while I don't use them personally, I believe they are worth the investment - but I also want people to understand their own tax situation to make sure any paid service is handling your situation correctly. + +Without further adieu, here are a few items of general knowledge and feel free to ask questions below and I'll try to answer everything (I'm operating under the assumption this post will generate probably 25 comments, so if for some reason it blows up, be patient and I'll try to get to everything). This will also be entirely US specific, anyone outside of the US, I'm sorry but I'm in no position to give tax opinions. + +1) Your exchange, wallet, etc will likely not issue you a 1099-B for your trading activity, so don't count on getting any help from them, other than your transaction details. This won't be required for a few years and was part of the infrastructure bill. + +2) Every crypto you swap, exchange, convert, sell, earn lending/bonding reward, mine, earn staking rewards, receive airdrops on is a taxable event in the current year. + +3) To emphasize the point above, this includes MOONS. Yes, all of those MOONS you receive via karma distribution should be picked up on your tax return. Same as BAT rewards by using Brave. + +4) The value you pick up on any rewards, mining, staking, airdrops, faucets is the fair market value at the time of receipt. You should be tracking this on your own or using a service. + +5) The amount you pick up into income is now your basis. Basis is "cost". + +6) Mining is considered self-employment income and should be reported on Schedule C, which differs from staking which would be picked up as other income, along with the other items not including selling, swapping, exchanging. + +7) Sending a crypto from one wallet or exchange to another is not a taxable event - though you should track your transaction fees to include in your basis. + +8) NFTs are treated the same way as everything above. + +9) Keep good records. If you do not maintain good records or lose them and are not able to substantiate your cost basis, the IRS could make it $0, which would increase taxes you owe. + +10) Holding period can give tax benefits. If you sell something you've held for a year, it's a long term capital gain and is taxed at preferential rates. Less than a year is at ordinary rates. + +11) You are supposed to report the date purchased, date sold, cost, and sales proceeds of EVERY sell (exchange, sell, swap). Even if this results in $0 gain or loss. + +12) Wash sale rules don't apply, however, selling something and immediately buying it back for tax loss harvesting could violate economic substance rules and on audit, the loss could be disallowed (it would likely be incorporated back into your basis). + +13) Monero won't save you from paying taxes. Nor will boating accidents. + +14) You can trade crypto using crypto/bitcoin IRAs and the gains are tax free, but you can't pull out until retirement. I don't utilize these services, but they exist. + +That's what I can think of for the time being, I'll make an edit if anything else important pops into my head. I hope this and any questions provide some useful information to people in this sub. Best of luck to all! + +TLDR: Taxes are hard, if you don't have your arms around it, seek a professional and bite the bullet and pay. Feel free to ask tax questions below and I'll answer what I can. + +Edit: + +15) Earning rewards via a debit card like coinbase is NOT taxable. It is considered a purchase discount. You would have no income to report and your basis would be the value of the coin when received. + +16) April 15th is a ways away, so you should use time now to start gathering all of your data. If for some reason you can't get all of your data by 4/15, you can file a Form 4868 which will extend your tax due date to October 15th (you still have to pay all of your taxes you expect to owe by 4/15 - the 4868 just gives you time to finalize your return). + +17) To expand on the mining bullet earlier, as it's considered a business, you are able to take deductions against the mining income (equipment [bonus depreciation is your friend], electricity, other supplies). This will offset some of the tax impact especially in the early going. + +18) If you had crypto gains you didn't report from Tax Year 2017 and earlier, it's likely those audit windows are closed, though some exceptions apply. + +19) Staking presents unique challenges as sometimes rewards are earned by the minute. There is no way to calculate income on this by the minute and I consider anything less than monthly to be an undue burden. For my personal taxes, I calculate income from staking rewards, like ALGO, monthly. I take my total rewards for the month and multiply them by a price from coinmarketcap around midnight. I do this consistently with all of my coins and feel it's a reasonable and fair method. + +Lastly, this post blew up with questions, which is great because I'm happy knowing I'm helping alot of you. With that said, it's taking more time than I planned to get to everyone's question, especially with a wife and young kids - but I still plan on answering every questions on this thread, so if I haven't gotten to you yet, rest assured I will be in the next few days. + +Edit #2: A user below pointed out 15 is incorrect in that your basis isn't $0, it's whatever the value of the coin is when received. +Out of curiosity, at what point should someone look into alternatives over simple index or target funds? Like, if you had 50 million, are index funds a bad idea? What is the cut-off? What are the drawbacks at that point? +I've been reading some of Barefoot's "Blueprint" newsletters since my parents subscribed. He and another guy have been recommending a portfolio of individual stocks based on a value investing approach. I always thought this advice was counter to the low-cost low-hassle strategies he talks about in his book. + +His most recent newsletter includes a few interesting lines and a complete shift of his own personal strategy to 3 index funds. + +"some of you may have picked up a subtle change +in our thinking over the past few years. It started when both Mike and I realised we had to truly think long term" + +"At a time when we could be beating our chests about +our returns (or should I say, Mike’s returns), we have +both started to move our money away from individual +shares and into index funds. +A while back I was having a coffee with Mike, and he +said something I’ll never forget: +“All you really need is a few good funds.”" + +The funds he chose are VAS, VTS and VEU. Doesn't mention percent allocation. + +Personally, this really helps me to drive home the importance of low cost index funds to my parents. They are nervous about taking personal control of their investment decisions from their financial advisor who has them in a "model portfolio" of index's and managed funds with a 1% MER on top of a 1% "advice fee". Having a trusted figure like Scott Pape finally come out and recommend index's alone should help to bring more people around to this approach. + +To be fair, an index fund approach was offered along with the Barefoot Blueprint though the vast majority of the material was in support of their stock picks. +I understand this question maybe be different depending on circumstances so a little background. Im 31, live with my partner, no kids. We’re currently renting with plans to buy in a few years. Financially we’re in a good spot, we both have a pretty decent chunk of savings but as of recent I’m much more interested in my money. I generally drive a small car (my work car) around daily and maybe once a month I drive my garaged car. It’s a nice car (Holden ute) it probably has a value of $35,000 but I’m starting to think with the cost of insurance, rego, and what that 35k could be doing for me, is it a waste of money keeping it just because I ‘like it’? +"[Uber Technologies Inc.](https://www.bloomberg.com/quote/UBER:US)’s board of directors has approved a $2.65 billion acquisition of food delivery rival [Postmates Inc.](https://www.bloomberg.com/quote/0132690Z:US) in an all-stock deal, expected to be announced as soon as Monday morning in the U.S., according to people familiar with the matter." + +Article: [https://bloom.bg/3iAlZv5](https://bloom.bg/3iAlZv5) +http://www.reuters.com/article/us-solar-funding-idUSKCN11I17X + +At the moment, SCTY is at $17.34/share, which is still about 20% below TSLA purchase offer of 0.11*($198.34/share) = $21.85/share. + +I'm guessing that means there is still significant uncertainty as to whether Tesla will actually go through with the purchase. +So I had a phone interview with this guy for a trading role at a bulge bracket (bulge bracket X) and crushed the interview and he really liked me. I sent him the usual email after my interview thanking him for taking time out and since I will be in NYC next week, I told him "I will be in NYC next week and would love to meet you in person to further discuss my qualifications. Also, would it be possible for you to introduce me to other professionals at ____ while I am in the city?" Where the blank is, instead of writing the name of bulge bracket X, I wrote the name of another bulge bracket (bulge bracket Y). Totally fucked up. + +Now I sent this email out to Friday evening around 6pm. So should I send him another email and be completely honest and apologetic and say that I am interviewing with bulge bracket Y as well and made a mistake but bulge bracket X is my top choice. Or should I let it be and hope he does not read the email since it was sent Friday evening. +I am contemplating reducing to part-time work in Jan. 2023 to spend more time with my family, which includes two younger children and spouse. I have run retirement calculators on NewRetirement and many Monte Carlo simulators, and am trying to get comfortable with financial and non-financial uncertainty. + +**Current stats:** + +1. Legal role and Marketing spouse in mid-level market making $900K annually. Both currently early 40s. +2. Current invested assets $3.5 M excluding home equity. 80% equity index funds/20% bond index funds. Anticipate being at $4 M in Jan. 2023 based solely on new money added to investments. +3. Current spend = $140K annually with mortgage and childcare. Excludes healthcare and taxes. + +**Why go part-time?** Kids are young, work is a bear, it's taking a toll on personal health and mental health. Going part-time would allow me to try tapering and also mentally decide if retiring fully makes sense long-term. Theoretically, this is reversible if I decide I really miss work or want to go back. More specifically: + +* Have not taken a day off in six-months due to work stress. +* Was losing sleep over work. Going to mental health counseling. +* Brought on an associate to share the workload, but still training. +* Kids will grow out of wanting to spend time with us as they get older. + +**Why keep working?** The market is still so uncertain. We're in the midst of a downturn and now is the time to continue to earn more/invest more. Going part-time would likely reduce our income to around $400-500K for 3 day a week schedule. + +* Not sure how I would fill the remainder of the week, but spending more time with the kids would be great. +* Concerned that once I take the gas off, there will be a perception that I am undependable, or that I am voluntarily reducing compensation. It may be hard to be compensated back at original comp. Basically, it seems I am leaving money on the table, perhaps around $1.2M over the next three years by going part-time. + +**Thoughts? Have others done this? Which will cause less regret later?** +We are quickly outgrowing our tiny 2 bed/1 bath home in the Bay Area that we are renting for 40% below market (been here a decade and landlord loves us). Never expected to last so many years here but we will need to move within the next 6 months. Wife and I are in our mid-30’s with a 1 year old and baby on the way. + +Currently earning $1mm pre-tax, which will drop to $500k in 3 years after vesting levels off. $3mm current liquid net worth. 50% chance we stick around the Bay Area more than 5 years (dreams of LCOL mountain towns). + +So do we find a neighborhood we like and buy while mortgage rates are low and before Uber, lyft, Pinterest lockups expire? Finally settle in somewhere we can make our own even with the changes to property and mortgage interest tax deductions? + +Or do we keep renting a bigger place at market rent with the risk of uprooting ourselves over again? And hope that we don’t have to buy later on at a higher price point? + +Curious if anyone else has gone through this recently and boiled the decision making down. Thanks! +**EDIT: Wife spoke with boss, who confirmed they don't deduct for benefits on 3rd paychecks. This issue is resolved. Thank you everyone for your advice and pointing out this method of payroll!** + +Disclaimer: wife's job, not mine. + +TL;DR: Wife's boss overcharging employees for benefits. Justifying it with provably incorrect calculations. Small biz = no HR/Payroll to bring concerns to. Employer possibly keeping the difference. + +My wife noticed that the amount being deducted from her paystub was higher than the amount listed per-paycheck on her plan enrollment forms. She contacted her boss (I believe there's no HR, he uses ADP), but he insisted his numbers were correct. After asking him to show his work, we discovered that he's receiving a monthly benefit statement from the provider, and dividing the employee contribution by 2. + +Problem there is he pays his employees biweekly, not twice a month, so he's splitting the annual cost across 24 pay periods instead of 26, which will result in charging an extra month's worth of benefits by EOY. He justified the difference in amounts by saying the enrollment form amounts were just an estimate, but that's provably incorrect. + +Her boss has access to the same information she has, so I doubt the math alone would convince him of his mistake, since by he believes his calculations are accurate and the plan documentation is wrong. Are there any EOY documents that she'll receive to prove the discrepancy between the plan's cost and how much was deducted from her paycheck? + +Bonus Round: Her boss has been in private practice for years and is likely making the same mistake on everyone's paycheck. I imagine it would've come up in his accounting that he's overcharging benefits, if he's not correcting it then he's likely pocketing the difference. Are there any orgs or agencies that we should report him to? +[https://www.cnbc.com/2019/08/14/stock-markets-wall-street-in-focus-amid-earnings-economic-data.html](https://www.cnbc.com/2019/08/14/stock-markets-wall-street-in-focus-amid-earnings-economic-data.html) + +&#x200B; + +>The[ Dow Jones Industrial Average](https://www.cnbc.com/quotes/?symbol=.DJI) dropped about 801 points or 3%, while the [S&P 500](https://www.cnbc.com/quotes/?symbol=.SPX) fell 2.9% and [Nasdaq Composite](https://www.cnbc.com/quotes/?symbol=.IXIC)declined 3%. The Dow fell to a new low for August, giving up the entire rebound from a sell-off earlier in the month. +This post is intended to be a bit of a wellness check and morale boost during these red days. + +I know many are really disappointed that we didn’t quite see 100K EOY as many so called “experts” have been predicting. And now we’re seeing a lot of red to start the new year. Which is a good reminder that stonks along with Crypto don’t always go up in a straight line. But no need to be worried if we zoom out and look at how far we have come in a 1, 2, 5 years we see a lot of reason to still be super bullish. + +Now is the time to start up the old fiat miner and be getting ready as much disposable cash as you can to start DCAing into the market if you haven’t already been. If this is truly a bear (which I am still not convinced) this is where fortunes are made. + +So don’t lose interest like many retailer investors are doing just cause we aren’t seeing crazy gains. Remember smart money is accumulating right now. So for once let’s not be dumb money and “buy high sell low” but instead be smart money and “buy low, buy lower, buy lowest, then sell high”. + +So to those still holding on and stacking sats I am proud of you and I bet your mom is too. So to all those that haven’t lost faith and still accumulating during these uncertain times let me see those beautiful hands!!! +I've been following fintel's reports for quite some time - way before I knew about AMC and GME. + +Their reports have been quite accurate, but recently I've been noticing some shady activity that has made me raise an eyebrow. + +To preface, I am usually not a conspiracy person myself. Even with all the weird movements this past week, I would not like to shout "market manipulation" until I'm completely sure there's something going on. Ironically, all this shady changes have been happening right before dissemination day (02/09/2021). + +The first one I would like to point one is the one that makes the most sense to me: + +My screenshot (02/05/2021): + +&#x200B; + +https://preview.redd.it/laf5lci10fg61.jpg?width=1072&format=pjpg&auto=webp&s=a6849c1c430c3d2878213a1ee7dfc87b2eaba47b + +Current report (02/08/2021): + +&#x200B; + +https://preview.redd.it/xk8hlhj30fg61.png?width=453&format=png&auto=webp&s=b8aba006b33a4b703ca7eee7ed856f553a80dc98 + +The short volume ratio dropped drastically (twice). The second time it dropped is what you can see in the second image - i.e. the current report on Fintel. For the first drop, unfortunately, I don't have an image to prove it. But, what I do remember is that for the 3rd of February the percentage was 53% rather than 27%. + +Regardless, what you can notice is that there is a noticeable change. This one I'm willing to blame on "updating data". + +I presume short volume is not as simple to track as most of us believe and there is probably a large number of elements that can either spoof a system into believe that the numbers are much higher. + +However, one thing that we can notice is (if this were true) how often Fintel updates their stats. My screenshot was on the 5th of Feb, and the current one (8th of Feb). This shows that Fintel has updated their stats twice in the span of 3/4 days. + +Right, where things start to get fishy is when we look at the historical values of short volume over the past year. + +My screenshot (02/06/2021): + +&#x200B; + +https://preview.redd.it/gmcdpj160fg61.jpg?width=1080&format=pjpg&auto=webp&s=c0ee6ebdc7c597af71e347af5e07492fcb73fb9d + +Current report (02/08/2021): + +&#x200B; + +https://preview.redd.it/uildby970fg61.png?width=890&format=png&auto=webp&s=fe9284081630cd1b25087b0fe69abaa112e7eaf3 + +As you can see the first screenshot I had taken shows that during there was a higher short volume in February compared to prior months. This was after the first correction that I had mentioned previously (the one I don't have a screenshot for). + +In April of 2020, in the first screenshot the average short volume was recorded to be about 45% and now it's showing it to be above 85%. And February of 2021 is showing to be one of the lowest short volumes. + +I get the short volume being updated regularly for day values. But for historical data? Especially with such a huge change? And all of this came out a few days before dissemination day? + +There was a person on Stocktwits who claimed that he got his subscription cancelled, automatically, after reaching out to Fintel to ask them why are their numbers changing so rapidly and so often. + +&#x200B; + +https://preview.redd.it/ld1mxyo90fg61.jpg?width=1080&format=pjpg&auto=webp&s=a4774a3d9b9e2766576004cc50666ac9d5cfbcff + +Here's the email he received. + +&#x200B; + +https://preview.redd.it/s04tukbb0fg61.jpg?width=1024&format=pjpg&auto=webp&s=812fbfea028d41767684ceef6e2c7eb65a87d5d7 + +Again, there might be a lot more complexities behind short volume calculations. But all of this seems like more than a coincidence. + +Thoughts. + +P.S I'm not a financial advisor just a smooth brained ape who doesn't like what he sees. + +P.S.P.S I'm still holding strong! + +Edit: A lot of people were asking what does this mean. It doesn't mean anything per se. It just shows that there is some odd movement happening with Fintel's platform. One of the top comments pointed out a conversation he had with Fintel: + +"Thanks so much for reaching out to Fintel with your concern! You are right. Given the recent market activity we wanted to implement more data sources as a check, to gain a richer overview of stocks. Given this, we have revised some historical numbers. We announced this in the Welcome Group and on those pages. Sorry the message wasn’t up for longer - I imagine that was super confusing. We will replace it again. I imagine many subscribers did get to see it. + +Are you certain the chart isn’t updating? That is an automated process. I appreciate you writing in so I could clarify. I’ll resolve your ticket but I’m still here if you reply." + +I mean, this is possible. However, why now? Why after a year do they decide to go ahead an say "oh yeah, let's update these statistics so we can show more "accurate" measurements to our users". Ya know? + +**Also, there might be a light at the end of the tunnel: Borrowing fees for AMC went up by 1% (currently sitting at 4.47% from the previous 3.5%. Usually an increase means that more people are borrowing shares to short.** + +**Edit X2:** A fellow ape showed me that someone else over at the r/RubinoffButtChug69 made a similar speculation. + +His post ([link](https://www.reddit.com/user/RubinoffButtChug69/comments/lfdcv1/fintel_changed_their_short_volume_data_after_my/?utm_source=share&utm_medium=web2x&context=3)) also points out that **Apple's stock has not been effected by any of this.** + +And for all of you **asking about GME - the same post points out that GME also suffered from this. It's short volume got lowered by 50%.** + +**\*\*\*UPDATE\*\*\*** + +This beautiful ape tweeted at Fintel referencing this post + +&#x200B; + +https://preview.redd.it/w4seq03r6cg61.jpg?width=1080&format=pjpg&auto=webp&s=24808432116a21e6764ac9d1508faab3e26cd2c3 + +This is their response: + +&#x200B; + +https://preview.redd.it/ft0xrjbt6cg61.jpg?width=1080&format=pjpg&auto=webp&s=54c3cb8e783953cd2b62f069245e282e4efd86d5 + +So their excuse is a "programming error". Fine, let's say that that's true for the daily short volume, right? But for the historical values of past months compare to February? And with the previous response they gave the other ape from WSB (if true). + +I'm just sayin' feels like excuses to me. +I was reading an article this morning saying the price of oil could potentially double, or even triple in the short term. Maybe making electric car companies a sweeter deal. This could also mean that investing in american oil could be really good as well. + +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[EGN / Energen Corp.](https://fintel.io/n/us/egn)|3|1,470,415|70|103,499,096 +[KDUS / Cadus Corp.](https://fintel.io/n/us/kdus)|1|8,463,402|2|13,626,077 +[DDR / DDR Corp.](https://fintel.io/n/us/ddr)|1|637,583|18|11,376,011 +[NS / NuStar Energy L.P.](https://fintel.io/n/us/ns)|1|413,736|24|9,999,999 +[ARPO / Aerpio Pharmaceuticals Inc](https://fintel.io/n/us/arpo)|1|1,818,182|4|7,000,001 +[MIC / Macquarie Infrastructure Company LLC](https://fintel.io/n/us/mic)|2|151,200|42|6,395,480 +[FNTE / Fintech Acquisition Corp. II](https://fintel.io/n/us/fnte)|1|500,000|10|5,025,000 +[AVEO / AVEO Pharmaceuticals, Inc.](https://fintel.io/n/us/aveo)|24|2,309,100|2|4,848,919 +[MMAC / MMA Capital Management LLC](https://fintel.io/n/us/mmac)|3|126,000|29|4,276,700 +[TDF / Templeton Dragon Fund, Inc.](https://fintel.io/n/us/tdf)|9|138,547|21|2,899,190 +[IBIO / iBio Inc.](https://fintel.io/n/us/ibio)|1|1,683,334|1|1,515,001 +[CSSE / Chicken Soup for the Soul Entertainment, Inc.](https://fintel.io/n/us/csse)|2|50,000|25|1,250,000 +[OFG / OFG Bancorp](https://fintel.io/n/us/ofg)|15|84,870|14|1,210,076 +[GFN / General Finance Corp.](https://fintel.io/n/us/gfn)|6|90,000|13|1,185,375 +[GRBK / Green Brick Partners, Inc.](https://fintel.io/n/us/grbk)|12|60,900|9|577,213 +[TCRD / THL Credit, Inc.](https://fintel.io/n/us/tcrd)|4|71,403|8|566,513 +[TWLVU / Twelve Seas Investment Co](https://fintel.io/n/us/twlvu)|1|54,000|10|540,000 +[QUES / Quest Solution, Inc.](https://fintel.io/n/us/ques)|1|7,267,500|0|508,725 +[ABBV / AbbVie Inc.](https://fintel.io/n/us/abbv)|1|5,400|92|496,274 +[VAC / Marriott Vacations Worldwide Corp](https://fintel.io/n/us/vac)|1|3,500|108|379,505 +[OTEL / Otelco, Inc.](https://fintel.io/n/us/otel)|3|21,083|15|316,245 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[CQP / Cheniere Energy Partners, LP](https://fintel.io/n/us/cqp)|3|-9,020,000|65|-585,670,000 +[CNXM / CNX Midstream Partners LP](https://fintel.io/n/us/cnxm)|1|-7,475,000|18|-134,740,613 +[CH / Aberdeen Chile Fund, Inc.](https://fintel.io/n/us/ch)|12|-11,197,318|8|-88,461,052 +[GRBK / Green Brick Partners, Inc.](https://fintel.io/n/us/grbk)|1|-7,140,233|9|-64,779,764 +[HDS / Hd Supply Inc.](https://fintel.io/n/us/hds)|2|-867,079|43|-37,242,315 +[KMX / CarMax, Inc.](https://fintel.io/n/us/kmx)|16|-424,242|76|-32,044,284 +[NVDA / NVIDIA Corp.](https://fintel.io/n/us/nvda)|1|-100,000|242|-24,210,580 +[VRA / Vera Bradley, Inc.](https://fintel.io/n/us/vra)|17|-1,461,614|15|-21,101,385 +[SBAC / SBA Communications Corp.](https://fintel.io/n/us/sbac)|3|-126,605|165|-20,897,092 +[ORCL / Oracle Corp.](https://fintel.io/n/us/orcl)|1|-400,000|45|-17,849,120 +[DRI / Darden Restaurants, Inc.](https://fintel.io/n/us/dri)|4|-160,266|107|-17,214,491 +[K / Kellogg Co.](https://fintel.io/n/us/k)|1|-160,000|70|-11,175,648 +[SRPT / Sarepta Therapeutics, Inc.](https://fintel.io/n/us/srpt)|1|-75,000|130|-9,775,500 +[DLB / Dolby Laboratories, Inc.](https://fintel.io/n/us/dlb)|4|-150,000|62|-9,311,765 +[NRZ / New Residential Investment Corp.](https://fintel.io/n/us/nrz)|1|-339,177|18|-6,206,939 +[HALO / Halozyme Therapeutics, Inc.](https://fintel.io/n/us/halo)|6|-304,321|17|-5,186,692 +[HPE / Hewlett Packard Enterprise Company](https://fintel.io/n/us/hpe)|1|-337,000|15|-5,081,016 +[NKTR / Nektar Therapeutics](https://fintel.io/n/us/nktr)|2|-86,666|48|-4,192,468 +[TPIC / TPI Composites, Inc.](https://fintel.io/n/us/tpic)|2|-143,035|28|-4,010,701 +[GR / Goodrich Corp](https://fintel.io/n/us/gr)|30|-947,125|4|-3,829,410 +[TRXC / TransEnterix, Inc.](https://fintel.io/n/us/trxc)|5|-625,731|5|-3,468,118 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +New here and just read about the 10-11-12 system. A quick google search took me to [Journeymaninvestor](https://www.journeymaninvestor.com/best-dividend-growth-strategy-of-2021-10-11-12-system/)'s site. He says the first step is to sort the 2021 Dividend Aristocrats by Annual Dividend Yield, highest to lowest. He has a screenshot on the page... + +Is that spreadsheet available for download or did he make it himself? + +Thanks, + +Rogue +Hey all, I'm a big spread sheet nerd and I'm looking at creating a google sheet for tracking all my dividend stocks and what they're returning. + +Does anyone have something like this set-up? If so, would you be willing to share a peak at it for inspiration? +Hit a new 52 week low this morning and is trading at pre-Covid levels + +Roughly a 2.9% yield at current levels + +If you believe Covid is in the late innings and the inflation of raw costs are here to stay, you might see this get down to $140-150....if you think Covid is a real threat in the fall and the inflation is transitory, you could see this pop back to $180-190. + +A lot of volatility for what should be about as boring of a stock as there is +My brother-in-law and his wife recently decided they need a new car. She is pregnant and a stay at home mom and he works on a military base. She is not allowed to drive him onto the base for work each day, which means they cannot easily share a car. She needs to get to doctors appointments and such, and her 2011 Focus with 170k miles was on its last legs. + +So they drive down to the local big name car dealership and proceed to get scammed hard by a sleazy salesman. They are both really shy and quiet, and I’m sure they just got completely worked over by this guy. He sells them a used 2020 Dodge Journey with 50k miles for about $29k. On top of that, he sells them nearly $10k of additional warranties - $5000 for a 7 year powertrain, $1000 for gap insurance, $2000 “service”, and a few others. They put $4k down and traded in the old beater and the total monthly payment comes out to over $450. They never even sat in the vehicle, just looked at it. + +If this all sounds insane, it absolutely is, but just a little backstory - BIL is autistic. He was barely functioning for most of his childhood. Doctors said he would likely live in an institution for his whole life. With a bunch of medication and a whole lot of love and attention, he managed to live a normal life, go to college, get a decent job, and get married. But he’s a little weird and a few years behind where he should be in maturity. He wanted to feel like a responsible adult and buy his wife a car. She kept insisting it was way too much money and they couldn’t afford it. He kept saying “Just trust me, I know what I’m doing.” Spoiler alert: he obviously had no idea what he was doing. + +So, 5 months later, they embarrassedly confess to the family what they did. They hate the car. It doesn’t even drive well and a bunch of crap on it is broken already. It gets terrible mileage and they can’t afford the gas. It’s a financial drain and they are worried about being able to afford the child on the way. They sent me all the documents they signed when they bought it and I’ve been looking it over. As far as I can tell, there’s not a ton they can do to get out of this thing. Only the gap insurance is refundable. I called the dealer to see what they could do and they had me help my BIL and his wife set up an appointment to take the car in to get it appraised. To nobody’s surprise, it only appraised at $19k. They paid $39k and still owe over $33k on it. + +What’s the best way out of this thing? Are they just stuck with their huge financial mistake? Is there any legal action that can be taken for this predatory lending? + +Edit: I realize the word “scammed” is probably a bit excessive in this case. They got what they paid for, if it was likely a bit more expensive than necessary and they likely didn’t need all the warranties they got. They got taken advantage of. + +Also, I realize that $19k is not the actual value of the car, but just what the same scummy dealership is willing to pay for the POS they sold just a few months ago. From what I’ve seen online, it’s closer to $25k or so, so they are not as underwater as we thought at first glance. +It seems to me like the only thing options are good for right now is giving bad actors the option to pull off some master fuckery in the markets, and maybe even wiggle their way out of the inevitable margin calls and liquidations that should be coming their way — all because of some overly greedy, piss-poor, and possibly even illegal, trading activities. + +**Two things I want to cover in this post ...** + +**1) Hiding Short Interest In deep OTM Puts and, more importantly ...** + +**2) Misvalued Puts (w/ an update from today)** + +But first, none of this is financial advice. I may have some of this wrong (and if you spot anything, please let me know). I try my best to stick to the facts, and wherever I might make speculation, I'll point it out or phrase my speculation as a question. Like everyone else, I'm just trying to get to the bottom of shit here, and make sure this is a fair game for everyone involved. + +**1) Hiding Short Interest** + +https://preview.redd.it/ofkx9or6yvz61.png?width=1320&format=png&auto=webp&s=57af01ec7898811a8356b3d21ad4d61077a9f101 + +As everyone probably knows by now, there's a strong suspicion that open shorts are being stashed away in Put options using married Puts. Melvin had a 6MM share Put position that they didn't disclose until April (they tried to get away with not disclosing this position at ll, but SEC eventually said no way). In their latest filing, Melvin shows no GME position at all. Poof, nothing. Problem solved, right? Fuck no! + +If you don't know about this, you can learn about it here: [https://www.reddit.com/r/Superstonk/comments/nacqtm/may\_update\_on\_the\_marriedput\_forensic\_analysis/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nacqtm/may_update_on_the_marriedput_forensic_analysis/?utm_source=share&utm_medium=web2x&context=3) + +I also provide my own analysis and additional supporting evidence here: [https://www.reddit.com/r/Superstonk/comments/ndaad2/dd\_saturday\_special\_robinhood\_citadel\_options\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ndaad2/dd_saturday_special_robinhood_citadel_options_and/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +**2) Misvalued Puts (w/ an updated example from today)** + +Misvalued Puts ... I almost find this more troubling than Married Puts hiding open shorts because almost no one knows about it, and the only way to detect it is to own one of the Puts affected (and trust me, they are terrible Puts ... I only happen to own any because I'm an idiot. That said, hedge funds own a ton of very bad, very OTM Puts. But why do they own them? Maybe what I'm about to show you has something to do with it ... + +Now I've been posting on this phenomenon for weeks. I've contacted my broker (they basically shrugged their shoulders), as well as an unnamed third party. Still, this problem persists (and in my opinion, it's a big, big fucking problem!). + +You can get the gist of what's going on here: [https://www.reddit.com/r/Superstonk/comments/nbjckf/stress\_tests\_are\_easy\_with\_cheat\_codes\_may\_13/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nbjckf/stress_tests_are_easy_with_cheat_codes_may_13/?utm_source=share&utm_medium=web2x&context=3) + +Essentially, week after week I'm noticing deep OTM Puts are being wildly mispriced by 5x, 10x, 20x, even 40x their correct value. Correct value should be based on the bid/ask spread. The value should be the mid way point ... so if the active bid/ask is $.40/$.80, and I own one of those Put contracts, it should be worth $60 (midway of $.40/$.80 = $.60 x 100 = $60). We multiple by 100 because each Put contract covers 100 shares. Now the problem is I am routinely seeing multiples of this. If I were a hedge fund, this might cause me to look solvent when, in fact, I might not be solvent at all. + +Here's an example from today (May 21, '21 $1940P), and it's different that what I've posted before, and I'll explain how. + +https://preview.redd.it/q08qxcnn2wz61.png?width=2126&format=png&auto=webp&s=805ec3bc46a31b71b0e581f4b37d6df79b18033f + +So the "Value" on this Put contract is begin carried in my account at $280. In all reality, this Put is sort of worthless. If $BKNG doesn't go below $1940 by the end of this week, this thing expires worthless. I lose 100% of my premium (my initial cost to buy the contract, which was $64). $BKNG is at $2245 right now ... so really, there's pretty much no chance this ever going to be worth anything, and the options calculator even knows it too because it's telling me the theoretical value is zero. + +https://preview.redd.it/v33lhpui1wz61.png?width=780&format=png&auto=webp&s=d67134e7f7c25379285ae78912733060dbfd41d9 + +Well, maybe there is just a huge bid/ask spread you say. No, there's not. How do I know? Because when I first logged in to my account this morning, May 21, '21 $1940P was showing a carry value of $430. See below. + +https://preview.redd.it/j0c4b3173wz61.png?width=1582&format=png&auto=webp&s=28c270ff2bdf3b27026e9a71da8c1ca3429f030a + +Now I know that ain't fucking right (let alone all the other bullshit prices above it \[again, options calculator tells me these are all theoretically worth zero)\]. So you know what I did about our little friend BKNG May 21, '21 $1940P. I put this piece of shit up for sale for $1. + +https://preview.redd.it/4ws9qjfh3wz61.png?width=2386&format=png&auto=webp&s=60c952630fc39d4ed5644cb8d2ef2e859a3c388b + +I even waited a little while to make sure the bid/ask was updated in the market: + +https://preview.redd.it/s6qqwcuj3wz61.png?width=956&format=png&auto=webp&s=81fdcb00ba54886c1b84644cfebf729c934b8068 + +And then I checked the carry value in my account again: + +https://preview.redd.it/n7wy6w7m3wz61.png?width=2126&format=png&auto=webp&s=ceab2cf8e72d4618bcb8d15c647cda0edd7f32bf + +$280 now?!! This piece of shit should be at $50 ($0 Bid/$1 Ask should = $50), not $280. That's really, really wrong. And this is adding actual value to my account, incorrectly. If I were on margin ... well, you get why this is a huge problem. + +Put carry values are totally fucked, folks. This doesn't help out retail because most retail traders aren't carrying deep OTM puts. This example here is fairly minor too ($280 instead of $50). I've documented examples where the carry should be $2.50, and it's $1,000 ([https://www.reddit.com/r/Superstonk/comments/mz1yr9/is\_it\_possible\_for\_an\_account\_to\_offset\_losses/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/mz1yr9/is_it_possible_for_an_account_to_offset_losses/?utm_source=share&utm_medium=web2x&context=3)) + +https://preview.redd.it/nz6nirv3dwz61.png?width=984&format=png&auto=webp&s=f4acbade2fa9d5df75076bc06af651883ad9de2a + +**You know who's probably getting fucked the hardest by this — any retail investor long $GME.** + +Here's why: + +As I've pointed out in my previous posts on this, you know who carries a ton of Put options in BKNG? Citadel. Are they benefiting from this "glitch" this morning? + +https://preview.redd.it/sgpc8pby4wz61.png?width=3066&format=png&auto=webp&s=e4f8092abae24fff97c01d5fcdc85bdefa28ebae + +But BKNG isn't the only one. They (and other hedge funds short GME) carry a ton of Puts on all kinds of tickers. And I bet they bought a lot of them for very cheap, and way OTM. The only thing I don't know is, do they all have fucked up carry values like all the examples I've shown. And of course I can't know this because I don't own them, and I can't just look in my portfolio to see what the carry value is. + +If Put carry values are fucked up across the board, I'd imagine this "free money" glitch is very helpful in keeping all those books balanced. + +So what da fuck is up with options, man???? Inquiring minds want to know!!!! + +Edit #1: #BanOptionsTrading + +(at least until all this bullshit is figured out and fixed!) + +**Edit #2: Yeah, so I just got this in my inbox ... fucking sad, really ... shills already lost control of this one thankfully. Must really be on to something.** + +**Spread this far and wide, my fellow apes.** + +[Smells like ... desperation.](https://preview.redd.it/vpkbi9nrnwz61.png?width=1942&format=png&auto=webp&s=918c538c831f3149fa0641a799c6641f5aff247c) + +**Edit #3: Nevermind the above ... I think this was triggered because I included a link about Alex Kearns in one of my comments. Let's not forget Alex Kearns!** + +**Edit #4:** [https://www.reddit.com/r/Superstonk/comments/nfn5jo/vincent\_ape\_still\_complaining\_about\_gme/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nfn5jo/vincent_ape_still_complaining_about_gme/?utm_source=share&utm_medium=web2x&context=3) +Charles Payne is not our friend. + +As awesome as it was to hear paper hand portnoy be called a little bitch on national tv, it didn’t feel natural. + +It felt like theater + +You know who would love to hear Portnoy be called a lil bitch? Apes + +I know the real apes out there don’t buy the bullshit but to the young apes Charles Payne is not and will never be our friend. + +That theater that we witnessed was just a chess move to move closer to apes hearts so we can be manipulated on another date. + +So even if it seemed awesome can we stop giving C-Payne love? +Didn't know where else to turn to so I'm hoping people here can give me some good advice. + +I fell for an employment offer scam on LinkedIn. I applied to any and all Software Engineer positions and a fake representative from one of the postings I applied to (Appnovation Technologies) contacted me and offered me an email interview. Long story short, I was told I passed the interview, was offered the job, signed the offer letter from their fake HR, and sent the letter back along with a scanned copy of my driver's license and passport. + +This went on a second time from another company job posting I also applied to (this time Bechtel Corporation). It was only after I saw that the entire interview process was exactly the same as the first one that I realized something was wrong. + +So now there are scumbags out there that have my personal information. My question is, what is the worst that can happen to me with my driver's license and passport falling into the hands of scammers? What sorts of actions can I do to safeguard my identity and all accounts associated with me? + + I have called my bank and had them cancel and issue new cards for my accounts, and have also frozen my credit with the three major credit bureaus. Other than that, I'm not sure what else I can do. I've tried getting a new driver's license number issued but the DMV said they only do that after fraud has already taken place. I'm going to try calling a rep at the department of state tomorrow to try to get a new passport number issued as well. + +Edit: Whoa, I wasn't expecting to get this many likes and comments, thank you guys for commenting helpful advice. + +Ok, so a few things I wanted to add. + +1. I called my local police department yesterday, they said I can file an incident report and submit copies of the emails as supporting documentation, but that essentially it isn't yet a crime until I have lost money or have otherwise been the victim of fraud. Basically what I got out of that likely nothing is looked into yet until after a crime against me has already taken place. + +2. Likewise, the CA DMV and the DOS seem to indicate that I can't/shouldn't replace my license/passport if the information has been compromised. The CA DMV stated yesterday that I can only be assigned a new DL number after I bring proof from the police that I've been the victim of fraud, or in other words, until after I've already experienced a monetary loss or my information has been used for fraudulent purposes. The DOS site states "We do not recommend reporting your U.S. passport lost or stolen if your passport number was compromised. You should only report your U.S. passport lost or stolen if the original, physical version of the passport book or passport card has been lost or stolen. Once you report a U.S. passport lost or stolen, it is invalid and cannot be used for international travel." + +https://travel.state.gov/content/travel/en/passports/have-passport/lost-stolen.html + +I mainly want to invalidate that passport and stop any fraud from taking place using the information on that passport, I'm not sure whether or not reporting it as stolen will accomplish that, or if it's just meant to keep other people from using it to travel. + +3. Very good points were made about looking into ChexSystems and also keeping a lookout for other forms of fraud they can do with my information, that was the sort of information I had not considered and that I will now keep an eye out for. + +4. If you guys have any further helpful list of things to look out for when job searching online during a pandemic, please comment them below. These are uncharted times we're living in where many things have gone remote and people aren't able to take interviews on-site like they used to. For first-time job seekers like myself, it's good to know these sorts of things so that we're better able to spot these and other types of scams in the future. + +Edit 2: For those wondering, here are the posts that alerted me to these scams: + +https://www.bechtel.com/campaign-pages/alert-hoax-fraudulent-job-offers/ + +https://www.linkedin.com/posts/appnovation_job-scam-alert-we-value-talented-individuals-activity-6686023437976186880-mNOw + +At the time, I was under the impression that linkedin was a professional platform where all companies and jobs had been vetted. I have since learned this is not the case and what sorts of things to look out for when job searching. It's probably a better idea not to apply out of these aggregate job boards since there's so much garbage on them (MLMs, consultancy agencies, employment fraud scams). If anything, it's better to use them for job alerts and then go apply directly on the real company's website. +Since the whole point of gaining financial independence is to gain the freedom to do what you want in life, has anyone here lived the FIRE lifestyle to the point where you get maybe 80% of the way to your savings goals and then "retire" into a different, lower paying, second career? Maybe you were a software engineer in silicon valley making 100-200k a year, built a nest egg, then took a job as a cop making in the 40s. + +Anyone here do this and care to share your experiences on this? As someone living the, "I'm bored in my office cube" lifestyle, this of course has been on my mind. +We had our first child in September 2019 - The plan was to for her to go back to work 4 days a week. We both work as retail managers and our days off are flexible, so we could work each other's days off and only need to pay for 2 days of child care. + +Plans changed unexpectedly and we had our second child in August 2020. + +If we stick to our original plan, our childcare costs will be £960 per month! I believe we can use the tax free childcare scheme to bring this down to £768. + +My wife will earn £1400 per month full time (£20k per year), so we'd be up £632 per month + +Alternatively, she could go back 2 days a week as a customer advisor and earn £468. + +It seems ridiculous to work twice as many days for an extra £160. + +The negative that we've considered is: + +\- In September 2022 we'd get 30 hours free childcare, making 4 days a week economically viable, but she'd have to try and get promoted again - This is possible as she is good at her job and there is quite high staff turnover, but it is not guaranteed! + +Are we missing anything else? +I just found out that your repayments don’t reduce, you just end up paying less interest. Which is great if you want to reduce your loan period but not to what I had thought! + +Does that mean if you put half of your mortgage amount into your offset, the percentage of your principle component of your monthly repayments doubles? + +If you had a $500k mortgage and you put $250k in offset your repayments would stay same but the amount that goes onto your principle from your monthly repayments doubles because your interest is calculated off half the amount now? + +Someone please tell me if I’ve got this right. Thanks +For those of you that attempted a startup or other form of entrepreneurship in your mid 20s on the way to FIRE and failed, do you regret it? I'm considering leaving the corporate tech grind to give it a try but I understand my chance of failure is high. If I try for 6 months and fail, it will delay FIRE by a few years. +It's easy to get caught up in the details and overthink things - but as long as we're all prioritising the same things (budget, investing, RE, business etc.) then we're on the right track. +Having a plan similar to or the same as the flowchart is key. + +However, what are the worst examples of money management you have seen/done? + +For me, the worst is when people buy micro-transactions in games... there are people that spend thousands and thousands of pounds each year only to start fresh and spend more the next year. Vicious. +Hi guys, + +I just notice that AAPL at very near its 52-week low. I am buying some shares. Is anyone buying AAPL today? + +AAPL is something to buy and hold for a while. It's not a trade stock so a dollar or near a 52-week low is a great entry point. +So this is just a question to all of you really as to how you manage your finances between you and your partner or person you live with. + +How do you manage a distance in income between the both of you? If so does that affect the amount someone contributes towards household bills. + +For example: + +Both me and my partner split the bills down the middle. I transfer slightly more for what I consider luxeries benifiting just me, like a faster broadband connection. + +However, I earn quite a bit more than her expecially in the last year where her industry hasn't been doing very well. + +I want to balance the fairness a little better. Whilst my half of the household bills doesn't skint me, it does her. So wanted to know if there's a nice bit of formula you nice people follow to make it 'fair'. We are very open about finances in general, she knows how much money I have spare each month and she's never complained about having no money. But, I know that she must not have much money left and what she does has left she normally saves it anyway. A very frugal person for sure. I on the other hand have no where near the amount of money saved as her, and considering I earn a lot more than her it's a bit shameful really. Do you take that into account for splitting bills? + +Looking into my friendship group for inspiration they either split everything evenly because they're closer together in terms of salary, or they have children where one person isn't working at the moment. + +Edit: + +Just to give a bit more information on this. We have a joint account where all our bills and rent come out off and we also have our own bills that we pay for from our own accounts. We only split the joint bills. I can imagine most people do it this way, and it's worked very well for us. + +Edit 2: + +Wow! I'm shocked at how many of you have replied to this, thank you all for your comments and suggestions. +Is it insane to pay $2500 in rent on a $120,000 salary? Location is Houston, Texas. + +Editing to add context around my finances. + +Monthly expenses are around $2000 (excluding rent). So would be able to save around $2500 of my after tax income monthly after expenses. + +$80k in savings/investments + +I also get performance & rsu bonuses worth $20k/yr (didn’t include this initially cos bonuses are never guaranteed) + +Another edit: There’s a special going on that will bring my net rent to about $2050 +>As a way to provide liquidity to individuals, the legislation also waives penalties for pulling up to $100,000 from 401(k) and other retirement plans. Savers can repay those funds but aren’t required to do so. + +https://www.bloomberg.com/news/articles/2020-03-19/stimulus-plan-draft-would-give-1-200-payments-to-individuals +**Summary:** This proposal is for sorting comments by newest first after a post is submitted. The intended goal is to level the playing field between early bird low-effort comments and more meaningful high-effort comments by limiting visibility for the former. + +**Problem Statement:** After a post is submitted, the first comments tend to be low-effort. Most of them are simple trite remarks or jokes about the parent post which tend not to offer much originality or value. Users who make these comments are probably only seeking attention or farming moons and often receive numerous upvotes just for being first. Users who make more meaningful comments first take time to even notice the post and additional time to write a comment. + +**Solution:** After a submission has been posted, temporarily set the suggested comment sorting to newest first. After 30 minutes(more or less), the suggested sorting will be switched to top comments first. This change should give later comments an advantage over early comments. It might also encourage users to post more top-level comments and therefore increase the odds of triggering a discussion, since every comment will be treated the same for a set amount of time. The 30 minute time limit will be tweaked by the mod team for optimization. + +**Concerns:** The first two items in the following list are concerns given by u/CryptoMaximalist in the [r/CryptoCurrencyMeta thread](https://www.reddit.com/r/CryptoCurrencyMeta/comments/p0xprp/idea_for_the_first_few_hours_comment_sorting_is/hdqrwkp) which I have paraphrased. The last one is mine. + +* Hiding comment scores for a longer period of time may be considered as an alternative method or additional measure for achieving this goal. However, this idea would have to be submitted as a separate proposal. Currently, scores are hidden for 5 minutes. Contest mode is a controlled option for hiding scores, but it also collapses lower-level comments and might hamper discussion. + +* Many Reddit clients do not respect suggested sorting and allow the user to override them. + +* My own minor concern would be the potential for incentivizing more spam in the top-level comments since farmers would be fighting for visibility. Rate-limits might be required. + +[View Poll](https://www.reddit.com/poll/qhc2k1) +I have been mostly using Uber but from time to time this can get very expensive for trips farther away like hospital appointments etc. + +Sometimes I can easily spend up to £200 a month, which feels like a lot. + +I am wondering if I should buy a car and use that but would need to take into account all costs like insurance, petrol, maintenance etc. + +I use the train to commute (but wfh atm) and so I am only interested in the running costs for folks that do not use their car for commute (or exclude the commute cost). + +Edit: lets assume my budget for the car itself is £5-10k which I am assuming is good for a recent reliable car, e.g. used Polo +Bit of background, + + +I work in the film industry, and as such will generally work on two films per year (for a length of around 3/4 months each). During this time I'm on a separate PAYE contract for each film and get paid weekly. + + +This means at the end of the year I've overpaid on tax / NI. + (As HMRC is taxing me weekly as if i'm getting paid 50k per year , but actually only earning around 30k due to the fact i work 7/8 months a year). +Anyway, I get a tax rebate every year with no problems, so I don't mind it so much. + + +My issue is bloody Student Loans, who I've spent hours on the phone too this morning! + + +* So they can see in front of them that in the 18/19 Tax year I earnt **£29,174** +* The threshold for paying back is **£25,725** and anything over that is paid back at **9%.** +* So logically (and student loans agree) I should pay **£310.41** *(£29,174 - £25,7725 \* 0.09)* + + +Due to paying taxed weekly i actually paid **£1,214!!** But the student loans company are saying that cant refund the overpayments as I'm above the threshold, even though they agree that i've paid way way too much and there was no other option to pay less!! + + +So essentially i'm out of pocket over **£900** and SLC have basically told me to do one. + + +Anyone have anything similar happen or a way to fight it? Really could use my £900 back as i'm moving house next month. + + +thanks +Is it since a year a go? I.e. costs have gone up 10% over the last 12 months? + +I have a salary review tomorrow so I am trying to understand this. My last pay rise was 18 months ago so I want to know what my salary is worth compare to 18 months ago. +I want to thank to everyone who contributed with funds, shared our project and participated in the last update, for helping us to achieve this. More than 1,000 people has been benefited from your contributions in cryptocurrencies. Most of them are children, and older people who are unable to work and are suffering the impact of the humanitarian crisis that has affected our country for years now. + +You guys made this possible with your contributions in Bitcoin and other cryptocurrencies, along with our small team of volunteers that are working very hard every week. + +More than 4,4 tons of food have been given in total to people in my community. All of them are in a dire situation, many of them are older people who are unable to work. I'm proud of our work and I wish to continue to help people with bags of food. + +Some pictures: + +https://i.redd.it/13ahs43z9xx61.jpg + +https://i.redd.it/b79n553z9xx61.jpg + +https://i.redd.it/q00eq43z9xx61.jpg + +https://i.redd.it/hmsjo43z9xx61.jpg + +https://i.redd.it/ddhl453z9xx61.jpg + +https://i.redd.it/1ydn753z9xx61.jpg + +https://i.redd.it/fjr6853z9xx61.jpg + +https://i.redd.it/t1gga53z9xx61.jpg + +https://i.redd.it/3d16753z9xx61.jpg + +https://i.redd.it/mkj3j53z9xx61.jpg + +https://i.redd.it/nsvplf3z9xx61.jpg + +If you wish to help with cryptocurrency donations to buy food, please send funds to any of our addresses. Thank you so much for helping us! + +Bitcoin: 16w9PsTMKGsd9u4wuGN6WV1tcQNrQBEQmU + +Bitcoin SegWit: bc1qun795pt5d5wdrtu5hhd44rhxmvkmnjxqd3m496 + +And you can visit https://mealvenezuela.org/ and search for a different cryptocurrency wallet. +Hello again apes! + +So a few weeks ago, I got really autistic and dove super deep into the ADF facility, as I had noticed on CBOE Market Share graphs that it accounted for over 40% of \*\*DAILY MARKET SHARE. + +Upon further investigation and digging through its' history, dating back to the early 2000s, its' clear that this facility was nothing but controversial from the beginning. + +Let's dive in: + +&#x200B; + +The ADF facility, what is it? + +&#x200B; + +Well, before we get there, let me introduce you to my exact train of thought that lead me down this rabbit hole: + +1. Market Share Chart on CBOE (Consolidated - MARKET WIDE, meaning contains ALL DARK POOLS, AND ALL LIT EXCHANGE DATA) + +&#x200B; + +[https:\/\/www.cboe.com\/us\/equities\/market\_statistics\/venue\/market\/all\_market\/](https://preview.redd.it/ahohz4c1j0c71.png?width=1432&format=png&auto=webp&s=190a21c980e55f0eca03d53d4b84b4957f99495b) + +It's pretty cool. You can pick and compare market share PER EXCHANGE, and the results are astonishing, and really highlight the *market share crisis* going on in today's markets: + +&#x200B; + +https://preview.redd.it/vasrrewaj0c71.png?width=1038&format=png&auto=webp&s=0a3a71936b1a6371254e64def265b671babca795 + +After you highlight all venues, lit and unlit exchanges, this is the graph. LOOK AT THE GAP. Guess which ones are the darkpools? That's right, the Purple, or the ***ADF FACILITY,*** and the yellow, or the ***TRF CARTERET*** facility. + +This graph dates back to early 2015, and the chart is basically the same the entire way through, with only the dark pools gaining market share, while the lit exchanges lose what little market share they started with. + +Now before we go any further, wtf is market share? + +&#x200B; + +https://preview.redd.it/o4kymc82k0c71.png?width=571&format=png&auto=webp&s=18a75e5dc633d93ba0c197bfa6a9773f7a0efbd3 + +Basically, market share is the total amount of paired shares that each trading venue reports at the end of each day's reporting period. If you've been following any of the new filings lately, you'd know without looking at the aforementioned graph that there is a ***MARKET SHARE*** both in options, and in stocks in the market. How do I know? + +Dark pools are becoming increasingly popular because it helps institutions hide their intentions, as well as save big on transaction fees. That's why we've seen a plethora of filings surface out of MOST LIT EXCHANGES in regards to ***FEE CHANGES*** , which pertains to market share / liquidity. + +For example: + +&#x200B; + +https://preview.redd.it/che3jtapk0c71.png?width=1573&format=png&auto=webp&s=9fd208b590aed6a0ac9b332d26fe2d389c807460 + +https://preview.redd.it/8z8vnwgsk0c71.png?width=524&format=png&auto=webp&s=d611fc7d56a5c263e89a0b37dce7cc661b35c0de + +"No options exchange has more than 16% of the market share." This is common language in most filings related to ***fee changes*** due to the large gap in market share. + +Here's the percentage breakdown of market share for 07/16/2021: + +&#x200B; + +https://preview.redd.it/3w618n6zk0c71.png?width=1184&format=png&auto=webp&s=550c0a4c580884da8550c9fec1688afeab1931ae + +Now, it's clear, and has been for a VERY LONG TIME, that the two dark pools, the TRF Carteret, and the FINRA ADF, have been DOMINATING market share for quite some time. The only LIT exchange that comes close is the NASDAQ. + +This is what lead me to the ADF Facility rabbit hole. Here we go! + +**BRIEF BACKGROUND** + +&#x200B; + +https://preview.redd.it/zfcbb9sjl0c71.png?width=560&format=png&auto=webp&s=8ee5a2ef83df73765bea31e47ec7e925aa31bbd3 + +**ADF FACILITY** + +The Alternate Display Facility was initially proposed by NASD, or the National Association of Securities Dealers on an ACCELERATED BASIS, and as a Pilot Program. + +&#x200B; + +https://preview.redd.it/5augxmnim0c71.png?width=569&format=png&auto=webp&s=e67ad28cede539ad7977c9e9fdc66d41f1b592fd + +This gave "quoting ***AND TRADING***\*" permissions to certain "ADF Market Makers".\* + +&#x200B; + +&#x200B; + +[\\"THE PROPOSED RULE CHANGE, HOWEVER, WOULD ESTABLISH A DIFFERENT BID ON WHICH TO BASE THE APPLICABILITY OF THE SHORT SALE RULE\\"](https://preview.redd.it/yohjitlym0c71.png?width=623&format=png&auto=webp&s=90559d4f254bce47bf98cd1cb59faf4fa8ff02af) + +WTF? OOK! + +Moving on.. + +So basically, this Pilot Period was, of course, EXTENDED, and then the NASD, a subsidiary of NASDAQ, filed for the ADF Facility on a PERMANENT BASIS, contingent on the NASD separating from the NASDAQ and becoming its' own entity. + +[https:\/\/www.govinfo.gov\/content\/pkg\/FR-2007-02-02\/html\/E7-1688.htm](https://preview.redd.it/wm2zuk9cn0c71.png?width=514&format=png&auto=webp&s=4ca4a25b4d2413303e5192df112e5be53b39a460) + +Around this same time in 2007 was when **NASD** merged with the regulation, enforcement, and arbitration arm of the New York Stock **Exchange** to form the Financial Industry Regulatory Authority (**FINRA**). + +Soon thereafter, FINRA re-interpreted the ADF's rules, making them way more loose, and then has given basically no information about it whatsoever. + +FINRA CLAIMS NO TRADES OCCUR ON THE ADF FACILITY, AND ACCOUNTS FOR NO VOLUME. + +Explain this, then: + +&#x200B; + +&#x200B; + +https://preview.redd.it/b66vs30tn0c71.png?width=1026&format=png&auto=webp&s=c1aa03af3c5dfd678be839ba2663aebdf5e3da92 + +LOL WUT DOING? + +&#x200B; + +After looking into some of the rules, I found this shit: + +&#x200B; + +[https:\/\/www.finra.org\/filing-reporting\/alternative-display-facililty-adf](https://preview.redd.it/4tsk9ws0o0c71.png?width=622&format=png&auto=webp&s=992d6265b9f13571c97d2b84769708f6f4dd04ec) + +&#x200B; + +LOL, don't worry FINRA. I believe you. I didn't click... + +&#x200B; + +&#x200B; + +https://preview.redd.it/d91g81j3o0c71.png?width=353&format=png&auto=webp&s=acbdf70c6a42e73f525e73d31f494df85094abff + +Okay, so I clicked. WEIRD. WHICH ONE IS IT? + +So JANE STREET and JP MORGAN are the only two ACTIVE participants? GUH! (Trade Reporting Only) + +Let's look at some of their trade reporting requirements: + +&#x200B; + +https://preview.redd.it/4fhmymxno0c71.png?width=660&format=png&auto=webp&s=81360ad9549c99ef40a27dc7cd862f6141c45b1e + +Okay, sure. Better yet, let's see what's NOT REPORTED: + +&#x200B; + +https://preview.redd.it/46sb8gqto0c71.png?width=647&format=png&auto=webp&s=ea455b21ce5368b55083c399150157d1e8717d9a + +FUCKING ETFS? ARE YOU SERIOUS? "TRANSACTIONS THAT ARE PART OF A DISTRIBUTION?" + +GUHH!! + +Remember these? + +&#x200B; + +[IWM ETF..](https://preview.redd.it/kxpcv9q8p0c71.png?width=443&format=png&auto=webp&s=de59f91e03d7215b6bd9d2feda40bb0d1ffe8a95) + +Yeah, 70 billion assets. + +GME's ETF.. IJR.. same scenario. GOT EM! + +&#x200B; + +&#x200B; + +https://preview.redd.it/q11yd31np0c71.png?width=1843&format=png&auto=webp&s=751fb449a6ed082a191546deb1c1d9ad5f7efbaa + +Bloomberg disagrees with FINRA. This is a market wide survey that agrees with the CBOE graph above. + +&#x200B; + +FINRA, WUT HIDING? + +&#x200B; + +&#x200B; + +[Damn, nice drop.. ADF](https://preview.redd.it/k2oluv8rp0c71.png?width=281&format=png&auto=webp&s=2e68b39b808cc38cbfc4aedc31f6c81170db1eed) + +&#x200B; + +https://preview.redd.it/udft2dqvp0c71.png?width=1862&format=png&auto=webp&s=d734d3b64cff0350f293f6637368be7104d6f19c + +Damn ! ADF accounted for MOST OF GME'S VOLUME on 07/01, and likely every day thereafter! + +I even reached out to a "Sec Enforcement Lawyer" about this, and he claimed everything that I just presented to be "a glitch." + +Soooo... + +TL;DR + +&#x200B; + +The ADF Facility is an off-exchange venue that takes up nearly 45% of the market share on a daily basis. The only two active participants are JP Morgan and Jane Street. FINRA claims no trades are done, and it's "quote display only" but Bloomberg data, CBOE data, and FINRA's own rules disagree. FINRA owns the ADF, as well as the other monstrosity, the TRF Carteret, as well as has special interests with the NASDAQ. ALL THREE TAKE OVER THE ENTIRE MARKET. Filings have came out from many exchanges who speak of this exact crisis.. no competition for order flow in the market. + +HODL!! THIS IS THE WAY! + +&#x200B; + +I'm just an individual investor, and I like the stock. +Not sure if it's just me but it looks like a lot of people quickly realise now that crypto isn't some Messiah coming down to Earth to save us all. + +The game is rigged and it doesn't matter if it's stocks, crypto or whatever. At the moment they all trade in tandem. Big Wall Street guys, VC investors and the house always wins, we are just sitting a watching it trying to hop on the back of that wave to ride it with them, that is the reality at the moment I'm afraid. Decentralisation is just a slogan for small folks like us to get tricked and start investing during the FOMO phase. + +Crypto still gives a lot of opportunities especially if one is lucky enough to get on a project early at a very low price but there are so many scams out there that it's becoming harder and harder. And I think that the sooner people realise that this space is completely rigged the better. Whales are accumulating like crazy right now and they'll just dump it on us and freshies once the new FOMO kicks in during the next cycle. + +Governments are blocking projects left and right, imposing regulations and it isn't looking very good, to be honest, oh and CBDCs a probably our future too which is extra scary. Your thoughts? +So first you need $1000. If you don't have $1000 go get a job right now. Job market is hotter than shilling meme coins in the daily. + +Once you have $1000 buy a coin that is going to 10x. Wait for it to 10x then time the top perfectly and sell. + +Now take your $10,000 and pick another coin that's going to 10x. Wait for it to 10x then time the top perfectly and sell. + +Finally take your $100,000 and pick a third coin that's going to 10x. Wait for it to 10x then time the top perfectly and sell. + +Bam..now you're a crypto millionaire. Do whatever you want with the rest of the money after you buy your Lambo. + +Oh yeah don't live in the United States or any country that taxes capital gains. + +If your still reading... this is not financial advice or life advice for that matter, this is humor. + +Edit - sorry I can't respond to all of your comments and make breakfast. But there are some golden ones! You are way funnier then I am. + +Edit 2 - oh man! Thank you all! I had a busy day and don't have the energy to respond to all the comments. But thank you! Reading the comments makes me realize what a cool community this is and how funny you all are. Thanks again and good luck to all you and your portfolios! + +Edit 3 - some of your user names are pure genius +News: $PYTG +Cannabis Industry is Exploding as Cannabidiol (CBD) Products Become More Mainstream +September 27, 2018 + +Palm Beach, FL – (September 27, 2018) – The recreational and medical marijuana “revolution” is well underway as the entire cannabis industry continues to expand at a rapid pace and sales have continued to grow steadily. Cannabis extracts such as hemp and Cannabidiol (CBD) oil are some of the more interesting, and perhaps promising, segments of the legal marijuana industry currently enjoying wild attention as it matures before the world’s eyes. The industry has seen headlines from Fortune 500 companies admitting they are pondering ways to introduce CBD into various products, including beverages such as soda and alcohol. On the other end of the spectrum, there are even uses beneficial to pets. The CBD space is pacing to become a billion-dollar market in the United States alone by the turn of the decade as relaxed legal restrictions and an increasingly open consumer base grow hand in hand. Active Companies from around the market with current developments this week include: Pyramidion Technology Group, Inc. (OTC:PYTG), CV Sciences Inc. (OTC:CVSI), Cronos Group Inc. (NASDAQ:CRON), HEXO Corp. (TSX:HEXO) (OTC:HYYDF), INSYS Therapeutics Inc. (NASDAQ: INSY). + +Pyramidion Technology Group, Inc. (OTCPK:PYTG) BREAKING NEWS: Pyramidion Technology Group today announced today the signing of the definitive agreement to acquire 100% of NxGen Brands, LLC (“NxGen Brands”) – specialists in CBD (Cannabinoid) extracts and related products. + +Doing business as Leafywell, a NxGen Brands company, produces CBD containing products such as CBD oils, tinctures, topical lotions, topical creams, and edible candies. Upon signing the definitive agreement, PYTG will acquire NxGen Brands and all of its assets, all domains including www.LeafyWell.com and all intellectual properties. + +CEO of PYTG, Carlos Hurtado, states “These are some of the most exciting days we have had thus far – all of the work we have been doing all along including onboarding medical experts to our Board of Advisors has led us to this acquisition affording us the ability to forge ahead with the acquisition of Leafywell. Leafywell stands apart from other companies in that they organically grow, harvest, refine, and produce CBD extracts for integration into a variety of top-notch delivery methods such as oils, tinctures, lotions, and edibles. These products are of the best we have seen and they have the potential to shape the industry.” + +Leafywell, a Denver, Colorado based company, is wholly responsible for producing their CBD containing products from start to finish – from plant growing to harvesting and from crop to product – all in the USA. Cannabis has been considered as one of the, if not the, largest cash crops in the United States, with a future estimated growth rate of 700% by the end of 2018. Overall, the industry has been valued at upwards of 142 billion dollars – potentially double the value of the global coffee market, according to some recent figures. Website: www.LeafyWell.com + +Researchers have produced findings related to the effectiveness of CBD extract containing products and its potential use in the treatment of a variety of conditions and ailments such as rheumatoid arthritis, diabetes, alcoholism, post-traumatic stress disorder, epilepsy, antibiotic-resistant infections, neurological disorders, and muscular dystrophy. Field specific experts suggest that this is just the beginning of CBD extract related research. + +Dr. Michael McKenzie, MD with a practice specialty in family medicine, in response to the question, “What is your opinion of the use of Cannabinoid containing products?”, Dr. McKenzie responded, “We are on the brink of something potentially life changing for many individuals and for our society as a whole. Research has demonstrated many positive effects of the use of CBD containing products and, as a community, we expect this research to continue.” He continues on to add, “I am truly honored to be a part of the Advisory Board for PYTG and I can foresee making contributions to the direction of product formulation based on my experience in medicine and treating patients. We have something special here with LeafyWell products and I look forward to the great things to come out of our future interactions with the highly-respected and widely-recognized board members.” Read this and more news for PYTG at http://www.financialnewsmedia.com/news-pytg + +In the industry developments and happenings in the market this week include: + + + +HEXO Corp. (TSX:HEXO.TO) (OTCPK:HYYDF) recently announced plans to establish a Eurozone processing, production and distribution centre in Greece. The partnership with Greek company Qannabos (“QNBS”) will catalyze a vertically integrated cannabis enterprise to capitalize on the current medical markets. HEXO’s plan to establish operations in Greece marks the Company’s first foray into the European cannabis market. The move will provide the company presence in Europe to supply a full suite of brands in France, the United Kingdom, and other European markets once regulations permit. “I’m excited to add European distribution capabilities for HEXO and its joint venture partners,” said Sebastien St-Louis, HEXO Corp.’s CEO and co-founder. “By bringing brands powered by HEXO, our infrastructure and our know-how to Europe, we will be well prepared to serve a burgeoning market. This new capability will allow us to bring even more value to our hub and spoke partners in the beverage, cosmetics, and food space by giving them access to licensed cannabis infrastructure and brands in Europe. Additionally, HEXO believes that we will quickly be able to leverage our joint venture partners’ networks to take significant first mover advantage and market share.” + +CV Sciences Inc. (OTCQB:CVSI) recently announced that it has introduced PlusCBD Oil™ Gummies at the Natural Product Expo East 2018. A new category of PlusCBD Oil™ products, PlusCBD Oil™ Gummies are offered in two tasty flavors, Cherry Mango and Citrus Punch. A line extension of our Gold Formula line with no artificial ingredients, each gummy contains 5 mg of CBD and a mere 1.5 g of sugar. Gluten free, vegan friendly, and non-GMO, these new products support healthy balance of the body and mind. “We are pleased to introduce PlusCBD Oil™ Gummies to our existing line of industry leading hemp extract products that include balms, sprays, drops, capsules, and softgels,” stated Joseph Dowling, Chief Executive Officer of CV Sciences. “We are committed to innovation of our PlusCBD Oil™ products, and as the demand for CBD infused products continues to grow, it is important to expand our wide variety of products to suit all customer preferences. We foresee PlusCBD Oil™ Gummies being a solid revenue driving category for our Company.” + +Cronos Group Inc. (NASDAQ:CRON) and Aleafia Health Inc. (TSX:ALEF.TO) (OTCQX:ALEAF) recently announced the commencement of a joint medical cannabis study to improve the management and treatment of insomnia and daytime sleepiness. The study is funded in part by Peace Naturals Project Inc., a licensed producer of medical cannabis that is wholly owned by Cronos Group. The study will be led by physicians practicing within the Canabo Medical Clinic network, which is wholly owned by Aleafia. According to a July 2017 report from the Canadian Centre on Substance Use and Addiction, entitled Drug Summary: Prescription Sedatives, 11.4 per cent of adults aged 25 and older had used a prescription sedative in the past year. The study will aim to assist in the treatment of insomnia and the development of non-addictive, natural sleep aids. “Aleafia is excited to participate in a study with Cronos Group, a company with a firm commitment to patient health. For far too long, the answer to a patient’s sleeping disorder or chronic pain has been a prescription and a bottle of pills,” said Aleafia Chief Medical Officer Dr. Michael Verbora. + +INSYS Therapeutics Inc. (NASDAQ:INSY) earlier this week announced it completed a human proof-of-concept study of dronabinol inhalation using a novel and patented breath-actuated device licensed exclusively from U.K.-based Senzer Ltd. “This pharmacokinetic study provides evidence of our unique drug-device combination’s viability as a mechanism to deliver dronabinol into the distal lung for rapid systemic absorption,” said Steve Sherman, senior vice president of regulatory affairs for INSYS Therapeutics. “Its completion represents the next step in our clinical development program for dronabinol inhalation as an investigational product concept, which has future potential in the treatment of a variety of conditions, including anorexia in cancer.” The study enrolled 36 subjects and compared a single 0.35 mg dose of inhaled dronabinol to a single 5.0 mg dose of oral dronabinol (Marinol capsule). The findings indicate that inhaled dronabinol has a faster absorption rate at a fraction of the oral dose. The difference in Tmax––the time to peak concentration (Cmax) of drug in blood plasma––was shorter with the test product: 2 minutes with the inhaled dronabinol compared to 1.53 hours with the oral dronabinol. In addition, Cmax with both formulations was similar, despite the considerable difference in doses. + +DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press release issued by Pyramidion Technology Group, Inc. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. + +This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements. + +Contact Information: + +Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757 + +SOURCE Financialnewsmedia.com + + +GOOD EVENING to all of my favorite little Crayon eating, piss martini drinking, diamond handed big NUTTED ape buddies, + +Now I know that all of you little shit throwing apes that haven't been on this ride before were dropping fat donkey kongs in your Huggies this afternoon during the brief GME/AMC nosebleed. If you survived the slaughter, congratu-fucking-lations. If you bought the dip, you know the way, and are truly, one big fat diamond loving retard. If you paper handed or had stop-losses set, you're a bitch and the rest of us diamond hands thank you for exiting our rocket before we make our first landing on planet **$69,420.69**. The Tendieman is coming way faster than you think. + +**The Hedgefunds** + +Today, these stupid little shit fuckers really decided to show us their entire hand. They used the same short attack that they used previously, but not only did they do it so blatantly obvious, they did it across our beloved GME and AMC (THESE ARE THE ONLY PLAYS THAT MATTER, THEY DID IT ELSEWHERE TOO). This was the most obvious share-shake attempt that I've ever seen, and it was done more outwardly than the previous attempt. **THEY'RE SCARED, WE HAVE TO BE CLOSE TO INITIATING PHASE 1 OF THE MOASS.** As GME and AMC keep rising, they have to keep buying more and more shares to lose less money on the options that are ITM or will be ITM by the end of the week. They extra fucked themselves today with their bullshit attack. **They triggered the short sale restriction** meaning that tomorrow (for GME), they won't be able to orchestrate such a massive attack because they'll only be able to short shares during upticks; *but ape say "if big back fat crying down his back Melvin just short on uptick won't it crash?"* **NO, BECAUSE GME UPTICKS EVERY .6969696996420 MILLISECONDS.** ***Tomorrow we will be able to BUY BUY BUY BUY BUY*** and these chicken shits won't be able to shake the shares out of the paper handed bitches as easily as they had today. I'd include pretty little pictures with colors for all of you crayon eating shits, but I know they mean nothing to any of us, **HODL.** + +**The Media** + +The media is so fucking crooked and tied in with these hedgies that they literally only speak when GME and AMC downticks 10-20%. All day long they were silent until the short attack, then all of the sudden our "MEME STOCKS" were worthy of mentioning. I think this is clear indication that they're being paid and gagged by these chode dicked chicken shit hedgies. In conclusion, don't listen to the media, don't listen to the articles, the analysts, or even your mother. **TRUST THE RETARD INSIDE YOUR HEAD.** + +**The Crayon Eaters** + +Foremost, I love you ape brothers. Many of you have been here from the start, and some of you may have even just joined today, but it doesn't matter so long as you HODL. **Together ape strong.** Remember that you are holding diamonds, everyday that you hold these diamonds you're costing Wallstreet and the egotistical bastards that stole from your families in 2008 billions and billions of dollars, but its nothing in comparison to what we will achieve when we take back *TENS of billions* of dollars from them. Getting rich is cool, but sticking it to the man and getting back what is rightfully ours is even sweeter. I've gained a sense of true happiness from these gorgeous little stonks, and I've already decided that IF these stocks go to zer-**HAHAHHAHAHAHAHAHAHAHAHAHHAHAHHAHA FUCK THAT THESE BITCHES AINT GOIN' NOWHERE THEY'RE GOING TO THE GO FUCKING PARABOLIC AND WE'RE ALL GOING TO GET FILTHY RICH; THE RED PRICE NEXT TO YOUR SHARES IS THE DISCOUNT TO BUY MORE. HANG IN THERE, NO RETARDS LEFT BEHIND. WE ARE COMING BACK FOR YOU ALL ON THE WAY TO $69,420,696,696,696,420.696.** + +**TL;DR** + +Fuck the hedgefunds, their bitchass tricks didn't work today, it made things worse, and made us apes stronger. The media is as F.O.S as they've ever been and are doing anything they can to help their hedgefund sugar daddies out. **Apes together strong, HODL till $69,420,696,696,696,420.696.** + +***Obligatory legal pardon:*** **Don't listen to me I never passed 3rd grade, I am not a cat, but I am a thoroughly convinced diamond handed ape who loves the stonk. Plainly, I am not a financial advisor.** + +&#x200B; + +edit 1 : + +here to report that am love ape stepsisters too, but no want media know we have ape stepsisters stuck on rocketship because know then media would that we've infiltrated the smoothest brained of apes. the wohmans. + + edit 2: +THANK YOU FOR THE AWARDS AND UPVOTES. Apes requested more of this 🚀🚀🚀🚀🦍🦍🦍🦍💎💎💎💎✋✋✋✋✋✊✊✊✊ +Recently, it’s come to my attention that my sisters have been discussing that I never go out and how every time they asked me I would always so no. Also that all I wanted to do was stay home. I’ve gotten this from a couple people in the past year but have never felt bad until now. + +For the past two years I had been living in a suburb with no public transportation, no car, and limited funds due to the job I was working. + +I’m in a state where I don’t have health insurance. I paid for therapy and any other doctors visits out of pocket. My sisters are a nurse and a truck driver. They’re already established in their careers. I’m 24 and recently graduated college. When they brought this up to me that I’m always saying no I immediately felt bad because I always want to go out and do things. If the funds aren’t there how could that be possible? + +So I sat them down, showed them my paycheck of $500-$600 every two weeks. Which would be about $1,300 a month give or take a few hundreds. I Showed them all of my expenses including my $600 portion of rent every month not including utilities and food. I was coming out with maybe $50 to last two weeks until the next paycheck. + +So I asked them to show me how or what I could do for $50 without being flat broke at the end? No amount of budgeting would have helped me and I didn’t know how to make them see that. + +They mentioned it as if I don’t know my twenties are being spent working. +So, BTC just dropped quite a bit. Fuck, not even a bit. It crashed. Can't even say "when in doubt scroll out" kind of crash because you can still see the spike downwards. So, what are you guys going to do with this crash? I'm just planning to DCA and hope for the best. + +I'm also slightly concerned about this though. BTC has been in the red for most of the month (Nov 4th to Dec 4th) and it's just been a steady decrease. + +For the long-term holders, you guys *should* be fine. If this is long-term (which I highly doubt), then that'll be a problem. Short-term holders, I wish you guys the best of luck. And for those who said 100k EOY for BTC, please don't inhale too much copium /j. + +Good luck, and have a good day everyone. + +Edits: Grammar & word choices +I saw this transaction in unusualwhales, but don't understand why you would do it. Anybody explain why? + +Sell 140 XOP P - 07/01 of the stock price is at $123 +I was always cautious on going in on MARA and RIOT despite their juicy IV. Now with TSLA buying BTC, i am much more confident into wheeling these two. What are your thoughts? +Learned my lesson. Sold a $1200/$2800 Sept 18 strangle on Tesla pre split. Rolled up the put to 1300 and now 1500 but the call is starting to scare me as far as paper losses. When I sold it it was far far OTM, something like delta 2-3 if not less. I’m now showing a 200% or so paper loss. I would normally now roll up the 1500 put up to capture more premium but I’m not really comfortable selling a 1700+ put since what goes up must come down —- and I don’t want to be assigned 100 shares at 1700. To be clear the profits from the puts outweigh the paper loss on the call, but I really don’t want to take on any loss I don’t have to. + +I feel like all I can do now is hold my positions and wait for theta decay to kick in, but this only works if Tesla doesn’t keep adding 60-100$ per day. Other option is to buy enough shares so if I get assigned I don’t lose my shirt. What do you think? + + +Lesson is do NOT sell calls on Tesla. Strangles don’t work - just sell puts and ride it up. It can explode up at any minute. My worst fear now is that they get added to the S&P and it gaps up even more. Luckily I’m holding shares (30 right now, all house money since I bought and sold a bunch on this run up). + + +Update (Aug 25 2020): I closed my short call today for a small loss. I just realized that I couldn’t sleep knowing TSLA could keep mooning with any positive news. Glad I waited though. The loss was minuscule compared to the worse case scenario or the loss as of Friday. Thanks for all the tips. Will not be selling naked calls on TSLA anymore. I’ll keep selling puts since I’m fine getting assigned at those prices. If I sell a strangle it will be a Jade Lizard. +Not sure if I can mention the name of this pharmaceutical stock, the November ATM call is about half the current share price. Average volume is 200K, today's volume is 520 k, downward trend. Bought it around $59 and sold a 65 Call with $30 premium. There's a big spread of a few dollars. Why would anybody buy it? Stock is down about 20% in the last few days with ER before expiry date. +Is there some chance to considerate stocks that doesn't fluctuate too much in price over time to make covered calls or selling cash secured puts? That's to say, to try to generate income selling options while the stock doesn't vary too much in price over time. Maybe with probability of "lateralizing' in a range for months for example. + +What do you think? Thx +Hey guys, just a quick note about BB. I saw that February calls are just insane today. This is not wallstreetbets, but if you were to buy 100 shares of BB at less than $19, then sell the $25 call expiring 2/5 for $4.15, if BB goes up past 25 in 2 weeks you keep $1015 premium + stock sale. + +If it tanks by then, your cost basis would be $14.65/share. + +Have a great day! +I own 50 shares of meta and thinking of making it a 100 to sell CC. I am interested in holding it long term, but won't be too sad to lose the shares. I checked the option calculator, and let's say i sell the 19 August option with strike price of 215$, the premium i get is 200$~. +Is this everything to it ? +Would be my first time dealing with options. +I've been watching my Maintenance Margin balance and Excess Liquidity to make sure I'm not likely to get a margin call. Apparently I didn't understand it right. Yesterday I had Excess Liquidity of $3,500. At 3:40 I got a warning from IB of a potential liquidation. Since I had plenty of Excess Liquidity I figured I was fine. At 3:51 IB liquidated shares of long stock to cover a negative SMA. + +Not a big deal, as it was 3 shares, and I was up $1,300 yesterday, but I don't understand the difference between SMA, Excess Liquidity, and Buying Power. I'm also confused how I got a margin call as my positions were increasing in price, but I wasn't taking anything out. + +At 9am today, IB is showing I have Buying Power of $18,000, Excess Liquidity of $4,500, but SMA of $900. + +I'm not understanding the articles I'm reading online (for example, wikipedia says buying power is always twice the SMA balance, which clearly isn't the case). + +Can anyone clearly explain this to me? +Assume 18M maximum number of BTC, considering a conservative estimate of 3M [lost coins](https://decrypt.co/37171/lost-bitcoin-3-7-million-bitcoin-are-probably-gone-forever). + +Currently \~8B people on planet earth. + +18M / 8B = 0.00225. + +Thus a MAXIMUM of 225,000 SATS per person. That's \~$87.40 USD at current prices. +How many times are exchanges going to fail, keep going on a fractional system, duping all their users into depositing all their money, then freeze the funds 6 months later. + +HOW THE FUCK does this keep happening. We have provably fair gambling sites. Why cant we have provably solvent trading sites? Can someone please invent this already? +k thx bye + +edit: here is a link: +http://www.americanbanker.com/news/bank-technology/rand-paul-chides-naysayers-who-want-to-regulate-bitcoin-1073906-1.html + +Here is an article about his flat tax plan, which would eliminate capital gains taxes for individuals, but keep them for businesses: +http://money.cnn.com/2014/03/31/pf/taxes/rand-paul-flat-tax/ +Some of you may have noticed the recent flood [[1](https://www.reddit.com/r/ledgerwallet/comments/bujahx/ledger_stuck_in_mcu_firmware_is_not_genuine_and/), [2](https://www.reddit.com/r/ledgerwallet/comments/bvc0hb/absolutely_nothing_seems_to_resolve_the_mcu/), [3](https://www.reddit.com/r/ledgerwallet/comments/c6j036/mcu_firmware_is_not_genuine_no_solution_now_stuck/), [4](https://www.reddit.com/r/ledgerwallet/comments/ax3xn8/mcu_firmware_is_not_genuine/), [5](https://www.reddit.com/r/ledgerwallet/comments/b7a4ap/mcu_firmware_is_not_genuine/), [6](https://www.reddit.com/r/ledgerwallet/comments/arj1le/help_nano_ledger_s_is_stuck_with_a_message_mcu/), [7](https://www.reddit.com/r/ledgerwallet/comments/bacdah/mcu_firmware_not_genuine/), [8](https://www.reddit.com/r/ledgerwallet/comments/c2nolb/ledger_nano_s_stuck_on_mcu_firmware_not_genuine/), [9](https://www.reddit.com/r/ledgerwallet/comments/ahptr2/mcu_firmware_not_genuine/), [10](https://www.reddit.com/r/ledgerwallet/comments/ayvq50/ledger_nano_s_stuck_on_bootloadermcu_loop/)] of "MCU firmware is not genuine" posts on r/ledgerwallet for the last 5 months (at least). It's leaving who knows how many people locked out of their wallets (hope you saved your seed phrase), stored on what was purported to be the most secure hardware wallet on the market. + +On the ledger website, their advice if the repair tool fails is to restart it. Which isn't much help as it seems everyone just winds up watching it fail again and again and again with no other options. + +Ledger support here on reddit hasn't helped any of us in any way beyond the inane advice on their support site, which its clear is helping no one. + +This is the extent of fucks that u/murzika and the Ledger Wallet team has given about this issue. + +For those considering buying a Ledger, don't. You'll lose access to your money like the rest of us. + +For those of us abandoned by Ledger and stuck without access to our funds.... I'm not sure what to do short of raising the alarm and making sure no one else supports this negligent company and falls prey to it's apathy. Any advice? Would it be possible to take collective legal action? + +I've begun reaching out to bloggers & thought leaders in hopes that a major publication will write a story on this. +There’s a lot of noise prompting people to buy although it’s uncertain what will happen after the merge. What are your takes on this? Why buy before or why buy after? +I own 6 homes, 4 rentals, 1 primary, and 1 home out of town. Live in MCOL city where 5 of the 6 homes are and the out of town one is in New Orleans. + +We are planning on selling most, if not all, of our property and will just rent for a year or so. About $9MM in real estate is 270k for sellers agent @ 3% and an additional 270k for buyers agent @ 3%. + +I get that using the "best" realtor in my city will undeniably get me the best price. What about using a competent realtor, or finding a way to list by myself on MLS? I feel like a realtor can't magically add 270k to the value of my home. For example, if I sell my 2MM house with a realtor I am paying them 270k. Would I not be able to sell the home easier if I list at 1.9MM but not use a realtor? The buyer pays 100k less, and I net 170k by not using realtor. +Our friend is a single guy who works around 30 hours a week making $17 an hour. He has been living rent free for about a decade, but his situation is changing and he needs to find an apartment. Cheap apartment is like $1100 a month (high COL area). + +I think he needs to either find a full time job or get a second job, then he should be able to afford an apartment and such. No reason he couldn’t being an able bodied adult man. My wife seems to think the government will give him all this help, which I doubt. +Hi everyone, 19 months ago I sent mistakenly 1 BTC to the Huobi's cold wallet. Yes, I'm retard, I feel terrible. + +**Transaction**: + +[https://www.blockchain.com/es/btc/tx/4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b](https://www.blockchain.com/es/btc/tx/4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b) + +&#x200B; + +**How I send mistakenly 1 BTC to the Huobi Cold Wallet?** + +A day I was watching a BTC rich list and exploring the addresses. I'm unsure how exactly it happens because I verified the address, but when I sent 1 BTC I did mistakenly to the wrong address!!! I verified that I was sending to the correct address, but I had to remake the sendship because the wallet crashed, probably there was the problem, the huobi's cold wallet address was in the clipboard. Anyways I don't have certainty how it happens.List: [https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html](https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html) + +It was a mistake, I work often sending and receiving BTC. When you do a certain task all the days copying wrong data could be a **TERRIBLE** but **EASY** mistake to do, because we are humans and we fall in the trust. **As you did a task correctly many many times you earn trust on yourself and try save time.** If it didn't happens to you ever you aren't being honest. + +&#x200B; + +**7 months talking with Huobi Customer Support (part 1)** + +I tried to contact Huobi's customer support. First they first didn't understand me, thinking that I tried to deposit on Huobi and sent to a wrong address. After they understand they told me that the address doesn't belongs to Huobi and they can't help me. That is false, I did an investigation and they have direct relation with this address, they can help me. Read my following analysis please: + +&#x200B; + +**Huobi Ownership Analysis** + +Searching, sites says that the address belongs to Huobi Huobi support says that address doesn't belongs to Huobi + +I don't know if belongs to Huobi or not, but I can deduct and track that the address is related with Huobi + +Why? The address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 regulary sent big amounts to 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D + +Then, is VERY PROBABLY THAT 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 OWNER KNOWS 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER And the 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER can help me. + +Searching, some sites (and sites like USDT Official page [https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist](https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist)) says that the address 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D belongs to Huobi + +Again, I don't know really if the address is of Huobi, but I can deduct and track that the address is related with Huobi + +Why? On my Huobi account I made only 2 BTC withdraws from Huobi in the past + +2018-05-08 18:36:45 , txid: 0e6bf02323ebc166b6638afcd6170ecb73948748235e687def7e7a3cb1902fca , it has 239 inputs 2018-05-08 20:17:10 , txid: b59b988d642fe3773268e246ef1a0d048bbd3f734a611d00722b39126ed9e20b , it has 239 inputs too + +In both transaction, all inputs are addresses that BELONGS TO HUOBI, because you huobi are sending me BTC + +Both transactions has 39 addresses as inputs in common (all huobi address, maybe deposit addresses of anothers huobi users) + +Example: 1M9ndPSQ4fmMKaKW2oX7LtjduDqYUcFKCW + +Analyzing the transactions of this address, we can found many transactions sending BTC to 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER + +[https://www.blockchain.com/es/btc/tx/740236113bde5a95cfc168d732762be00eee435556c686b00b74b85b3e6c3f77](https://www.blockchain.com/es/btc/tx/740236113bde5a95cfc168d732762be00eee435556c686b00b74b85b3e6c3f77)[https://www.blockchain.com/es/btc/tx/e2367daa464818d46da93e9a364f23536ef31e767f04cd01ff0a01e2baca6f87](https://www.blockchain.com/es/btc/tx/e2367daa464818d46da93e9a364f23536ef31e767f04cd01ff0a01e2baca6f87)[https://www.blockchain.com/es/btc/tx/5c16244c0efaba9aeb1e141e9ff4c8702f7a34f44bac73121ea6f55eb98adab2](https://www.blockchain.com/es/btc/tx/5c16244c0efaba9aeb1e141e9ff4c8702f7a34f44bac73121ea6f55eb98adab2)[https://www.blockchain.com/es/btc/tx/69e73d1bbcdcb8ffacf0ea555298ee226f1740c02d1131e2db72e7ade32aace1](https://www.blockchain.com/es/btc/tx/69e73d1bbcdcb8ffacf0ea555298ee226f1740c02d1131e2db72e7ade32aace1)[https://www.blockchain.com/es/btc/tx/110eff2733a88b626ca38d63b9f2d8b6d5b3e26574f1d918c99c36c785eb0d56](https://www.blockchain.com/es/btc/tx/110eff2733a88b626ca38d63b9f2d8b6d5b3e26574f1d918c99c36c785eb0d56) + +User withdraw? No BECAUSE the amounts are lower than the quantity required for a Huobi withdraw (0.01 BTC) VERY VERY PROBABLY that 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi And seeing all transactions, probably all of them are being used to pay USDT fees (i didn't study this part but isn't relevant) + +Then, if 1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D OWNER is Huobi, you can help me High probably that you know the 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 OWNER , address which I mistakenly sent 1 BTC + +Please, tell him that give me back my 1 BTC + +See my transactions asking the 3CBq.. owner give my BTC back: [https://www.blockchain.com/es/btc/tx/d60eed9b025f9c5d3fe3b168e2f64e0abcb880123c1c0a51290eaeddbd60b8d7](https://www.blockchain.com/es/btc/tx/d60eed9b025f9c5d3fe3b168e2f64e0abcb880123c1c0a51290eaeddbd60b8d7)[https://www.blockchain.com/es/btc/tx/0015646c3df821b035a15837b26c65f458276c05128bbaeae3293284d178d14e](https://www.blockchain.com/es/btc/tx/0015646c3df821b035a15837b26c65f458276c05128bbaeae3293284d178d14e) + +sending to 1SentYou1BtcP1sBackToMeP1sNznQ1zH(read the address) and to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 with the same addresses used to send 1 BTC to 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 + +&#x200B; + +**7 months talking with Huobi Customer Support (part 2)** + +After understanding this , they asked me my consent to pay a fee. I agreed. After they asked me sign a message with my privates keys. I did it. And finally they tell me "Wait". I'm waiting 7 months ago, all months I ask and they ever reply the same "We will contact you". Now they told me " Hello，sorry for the inconvenience, we feedback your problem to our technology department.  After a series of research and development, but it can not be solved.  Please understand this.  " + +I want to think that the team is failing and Huobi isn't wanting steal my BTC. What they are doing maybe could be illegal. I'm thinking to talk with lawers on Singapore, I don't know what more to do. + +I tried to contact the CEO Livio on Twitter ( [https://twitter.com/livio\_huobi](https://twitter.com/livio_huobi) ) but they don't reply me! I want to think that someone else is administering their account. + +&#x200B; + +**My ownership evidence**: + +Message: + + I sent mistakenly 1 BTC to the address 3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64 on these transaction + TXID: 4769c93d8c9e0d5eaf8311ac8af513e23096ae461da0256a77cf70ca73fd4e4b + + Please send me back to 3J4n1P9qX1nnPHxb8e63B8z7HQs65QXRoz or 1NVvNmfpPrGey4fKRUnDrXbzbbZFDqpXHL or 1K8JEvgg3sketnpExziFupBb2UQaQaCiaE + +( Pastebin: [https://pastebin.com/K6bXr6Mz](https://pastebin.com/K6bXr6Mz) ) + +Signature (1NVvNmfpPrGey4fKRUnDrXbzbbZFDqpXHL) + + H/443F0x29qHAQJj8FoizXCX4V+kVzjifKq2LYhsJisjGf5iyBotpF0W7y74lg7vMV9ebsHgaW9FEfzzd8TIA6U= + +Signature (1K8JEvgg3sketnpExziFupBb2UQaQaCiaE) + + H7GCXHHb+Iy6T9xu8c6867Wd7u6jc9sabbMVvGsUtEvddKqbslwajYBfFe3stQvIVJ7mK3Nuyh2aKOOdnjfU840= + +***Huobi CEO contact me please, my UUID is 1995155*** + +&#x200B; + +**UPDATE 16/06/2019**: + +All the balance of **3Cbq7aT1tY8kMxWLbitaG7yT6bPbKChq64** was sent to **1LAnF8h3qMGx3TSwNUHVneBZUEpwE4gu3D**. That is an address which is PROPERTY OF HUOBI.834dea449693ac8380eecd906936db0eb514ae9b4426def3e3534c8525447fea + +Read my analysis. Tether saying that this wallet is owned by Huobi: [https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist](https://web.archive.org/web/20181113185656/https://wallet.tether.to/richlist) + +&#x200B; + +\*\*UPDATE 13/02/2020:\*\*Now my BTC is there: +[https://www.blockchain.com/btc/tx/00e702abddccf05a7da50143c3139436a5c6ef0e613593af01cba8c983faa99f](https://www.blockchain.com/btc/tx/00e702abddccf05a7da50143c3139436a5c6ef0e613593af01cba8c983faa99f) + +They bloqued me from telegram and support don't help or ignores me + +**Upvoting this helps me (I'm not suggesting it but I will appreciate)** + +**If someone knows how contact the CEO please help me** +Google just bought a car dealership and more than five acres of land near its campus in the Seattle suburb of Kirkland, according to property records. + +It's unclear what Google plans to do with the property, but what is clear is the company isn't slowing down its real estate expansion despite the pandemic. + +The latest sale comes after Google paid $40 million on July 29 to acquire a plot of land in the Kirkland Urban development. + +https://www.businessinsider.com/google-seattle-area-kirkland-car-dealership-real-estate-2020-11 +The U.S. Securities and Exchange Commission (SEC) is investigating Deutsche Bank's asset management arm DWS for possibly making embellished statements about sustainable investments, according to a newspaper report. The investigation by the SEC and the U.S. Attorney's Office in Brooklyn is at an early stage, the Wall Street Journal (WSJ) reported, citing people familiar with the matter. The former head of sustainability had previously indicated that DWS overvalued investments based on sustainability criteria, the report said. + +Link: [https://www.n-tv.de/wirtschaft/DWS-hat-Arger-mit-US-Boersenaufsicht-article22765567.html](https://www.n-tv.de/wirtschaft/DWS-hat-Arger-mit-US-Boersenaufsicht-article22765567.html) + +(full article translated into english in comments) + +Chart: [https://www.onvista.de/aktien/chart/DWS-Group-Aktie-DE000DWS1007](https://www.onvista.de/aktien/chart/DWS-Group-Aktie-DE000DWS1007) + +I know it might not be related to GME directly, but i thought it's worth sharing. Maybe someone is able to look into it and we will find out. :) + +&#x200B; + +Diamantenhände **🦍💎✋🚀** +Is Nikola Motor the next Theranos? Is Trevor Milton the next Elizabeth Holmes? + +Trevor Milton doesn’t have a track record of success. In fact, he doesn’t have a record at all except for two jobs he held, the first for close to 4 years and the second job for only 6 months.  + +(see attached photo: experience) + +What was he doing prior to 2010? He didn’t finish school (nothing wrong with that, plenty of successful people have quit school such as Elizabeth Holmes), so was he on a Mormon mission until he was 28? Check out his LinkedIn. + +In late 2019 he purchased a 32.5-million-dollar mansion:  + +[https://www.wsj.com/articles/nikola-motor-chief-sets-utah-real-estate-record-with-32-5-million-buy-11573601653](https://www.wsj.com/articles/nikola-motor-chief-sets-utah-real-estate-record-with-32-5-million-buy-11573601653) + +Where did the $ come from? As far as we know, he was a salaried employee for 4 years. How did he earn so much money? From raising capital for a ‘soon to go public start up’? Was his salary that high, even though the company is in its startup phase? That doesn’t seem in-line with the most successful entrepreneurs that began in garages (Bill Gates, Jeff Bezos, etc.).  + +Lastly, I want to bring attention to the demo reel, notice how far the vehicles are from the “professional camera persons”. Where are the close-ups? Open engine compartment? (You know who else used to hide her proprietary invention, the 'Edison Machine'? Elizabeth Holmes) + +(Search Youtube video: Nikola Two demo dated Apr 17, 2019) + +Google “Nikola motor drivetrain” …. you’ll notice that pictures or engineering diagrams of the engines don’t exist…the only diagram you get is this cartoon:  + +(see attached photo: cartoon diagram) + +He applied and received PPP funds meant to be for small businesses (not-publicly traded and with access to the capital markets).  + +[https://www.cnbc.com/2020/04/24/billionaires-company-got-4-million-from-coronavirus-sba-fund.html](https://www.cnbc.com/2020/04/24/billionaires-company-got-4-million-from-coronavirus-sba-fund.html) + +Convince me that is not shady AF… + +And lastly, he has been at it since May 2016… + +&#x200B; + +Disclaimer: I do not have a position on NKLA. +Hello Reddit. I had a large windfall in 2019 and I am still figuring out how my life is slowly changing. + +Now that I have done diversification of portfolio, bought my first house and did some personal wealth planning, I wanted to understand how I could help my family improve their life. + +According to my calculations both of them earn a net salary of ~$30,000 per year and they are meant to retire in 4 years. Retiring early would mean that they would be receiving $10,000 dollars in pensions less per year (they live in an Eastern Europe country with interesting pension system). + +In other words, retiring now it would cost them $60,000 * 4 and 10,000 * (20 life expectancy) for a total of ~500k. + +This is < 1/20th of my current wealth, this means that I could in principle put on a trust this much cash and give them the monthly payments (to ensure lifestyle doesn’t change), it would not affect my planning at all and they would get to have a lot more free time now. + +Has anyone here gone through similar thinking? What are people thinking about? +[https://www.yahoo.com/news/renters-across-us-face-sharp-100011129.html](https://www.yahoo.com/news/renters-across-us-face-sharp-100011129.html) + +So is everyone becoming predatory now? I don't get it. +# Edit: 10:19am EST - Macro Market Trends + +&#x200B; + +[The Macro Market is coming off a short-term \(and historic last week\) fibonacci retracement in the upwards direction, on a clear overall macro downtrend - This is also known as a 'bear market rally' - We can see that it was perfectly rejected off of the 50 Day SMA - Signifying that risk-on assets could unfortunately eventually become entrained in an overall bear market downtrend - G M E stock has a 'negative beta', meaning it has historically been inverse with the market - so this week and next week we get to observe if that negative beta 'holds up' as it did during the market phenomenon of January 2021, when G M E 'broke' the market](https://preview.redd.it/y8hsox4c65p81.png?width=903&format=png&auto=webp&s=371346861ca63588c7d8125b4b42d81dfb17dc2a) + +&#x200B; + +# G M E - specific: Analysis of Net Volume + +&#x200B; + +[Analysis of Net Volume reveals that no notable jump in volume occurred yesterday, even though the share price jumped about 50&#37; - revealing that the stock price is now overly sensitive to even the smallest increases in Volume. We will revisit this idea later.](https://preview.redd.it/i2he1fqvu2p81.png?width=894&format=png&auto=webp&s=7594ebd4b89b195e70e285aa0004defa65d42a3b) + +&#x200B; + +# Rapidly Ballooning Short-Borrow Fees + +[Ortex's tweet](https://twitter.com/ORTEX/status/1506331956379750402?cxt=HHwWhMCs3d67yOcpAAAA) shows that short-sale interest did not decrease in yesterday's 50% price increase. Instead, it went up to 24% of the free float. Some would ask how the short increase from 21% to 24% in one business day is possible on an already-capped-out-for-31-days 100% utilization? I digress - and we already know the answer as to why: they somehow obtained more shares to short with, as unreported, and clearly have not even begun to buy to cover their 'current plus new' short-sales yet. Either way, these shorting-hedge-funds, nevertheless, are now facing elevated capital requirements. We know that Ortex shows that max cost to borrow just jumped to over 45%, but let's take a look at Interactive Brokers borrow fee: + +&#x200B; + +[IBKR's short-borrow rate has jumped above 12,000&#37; \(after hours\). This is statistically significant, as you can visually see the range breakout in the chart. Pre-market and nominal open borrow rate may indeed be sustained above 100&#37;, which implies an immediate, newfound demand for collateral for those with outsized short-borrows](https://preview.redd.it/0azs5d2bu2p81.png?width=681&format=png&auto=webp&s=4c75056fd43e3b460fcd69bac80a9a777bf5ca1c) + +&#x200B; + +# Half of G M E Shares are now 'locked' and not transactable + +Contrary to what was implied about me [by mainstream media yesterday](https://www.marketwatch.com/story/gamestop-shares-soar-30-and-take-other-meme-stocks-on-a-ride-after-reddit-poster-touts-shares-at-a-58-2-discount-11647988145), my fundamental technical analysis was not the primary catalyst of the immediate supply-and-demand-based 50% rise in the share price. I don't suspect that a billionaire, or anyone really, analyzed [my TA yesterday](https://www.reddit.com/r/wallstreetbets/comments/tjw86u/g_m_e_where_we_stand_with_the_technicals/) and decided, "Oh, Thump4's TA shows that the stock is heavily discounted, so I must buy it." + +The real catalyst seems to have been from raw demand, and most notably by G M E's chairman, who independently bought 100,000 more G M E shares in the morning, making his total ownership of the company 11.9%. Although we have no data on what insiders are buying until SEC 13F forms are filed, insiders may indeed be continuing to purchase more raw shares since they are now able to 2 days after earnings. Yet, this brings up an interesting technical topic: insider ownership shares are 'locked,' meaning these shares are *not* freely traded on the market. Therefore, when we combine G M E's Directly Registered computershare total (10 Million shares registered with the transfer agent - 8.9M as noted from the [F-17 Page (page 10 on the pdf of last week's annual report)](https://investor.gamestop.com/static-files/71e30d98-2102-4bdd-b0b8-eb151e09f803) and 1M+ estimates thereafter) with 23 Million shares institutionally owned ([as shown from fintel](https://fintel.io/so/us/gme)) and thereby restricted, then we have a *past-looking sum* of 33 Million. We can safely assume that 3 Million more shares will be either bought by insiders and/or directly registered with computershare this week (provided the newfound demand for the stock), so we are at 36 Million shares 'locked'. Since the shares outstanding total is 76.34 Million, then that means that ***47.2% of the tradable shares outstanding are currently 'locked' and not able to be transacted on any market exchange, regardless of whether that market exchange is 'dark' or 'lit'****.* This inherently implies that any movement in G M E 's market price is about twice as sensitive to normal economic demand-vs-supply forces than a typical stock, because the float is literally cut in half. + +This leads to a G M E stock price that is now hypersensitive to any demand for the stock, or net volume. That was shown above, and a two-fold increase in nominal pressure on short-sellers who must fold their poker cards and buy-to-cover their egregious ([and some would say illegal](https://www.reuters.com/world/us/us-prosecutors-explore-racketeering-charges-short-seller-probe-sources-2022-02-18/)) short-borrow liability position. Them not doing so would technically lead to a [London-Metal-Exchange-like](https://www.wsj.com/articles/a-chinese-nickel-market-mystery-london-metal-exchange-tsinghsan-11647982954) scenario, where in this case the entire global stock market would have to be halted for days for the NSCC to theoretically but illegally allow Citadel Securities, Point72, and other hedge funds to somehow maintain their shorts, similarly to the Chinese nickel short-selling 'tycoon.' This scenario would permanently destroy faith in American markets for decades. Them buying to cover now, while the price is still so discounted is safer for them, more responsible for the safety of American markets, and would allow for them to possibly survive this and be able to happily talk about how they got beat (kinda like the Citron Research guy who loved to claim afterward that he was so handsomely defeated by a bunch of reddit 'kids' in this generationally-dynamic market). + +&#x200B; + +# Astronautical Fundamentals - the new digital-asset Marketplace + +&#x200B; + +[G M E 's non-fungible-asset marketplace is now out in 'beta'. This being released in the evening, could serve as a new catalyst of buying demand for G M E stock, in that it will lead to a new revenue stream on sales of virtual art and gaming skins, worldwide](https://preview.redd.it/8ypcg42693p81.png?width=1241&format=png&auto=webp&s=1a05ad79bfa9e563e115ce9bb63d0bfb5c041050) + +# TLDR: + +Half of G M E 's shares are locked and not able to be further transacted. This has caused an economic shortage of available supply of the stock - and this available supply clearly is rapidly diminishing. Ortex max cost to borrow just ballooned above 45%, and IBKR's borrow fee rate just ballooned above 12,000%, marking a serious collateral demand and high probability of margin calls of short-sale positions: those short-sellers who now stand to face unlimited economic loss based on the elevated risk they fairly took by shorting this stock. On Company fundamentals, the[ beta N..F..T.. marketplace website is out](https://beta.nft.gamestop.com/), implying the additional revenue stream from virtual art and gaming skin collectibles [is now live and powered on the backend by loop-ring L2](https://medium.loopring.io/gamestop-nft-marketplace-powered-by-loopring-l2-6cdb9289d937). Technicals reveal that G M E 's Net Volume, from yesterday's 50% increase in share price, was paltry. Volume is about 85 Million away from even being classified as a historically-noteworthy day for G M E. + +Edit: I am not considering fiddling with my DRS'd shares, nor am I closing [any of my call options positions](https://imgur.com/a/e5upBh9) at any point, even though I am up about 1000% yesterday. I am upset that my transfer of my tax return into this account did not lead to a successful execution of my order for new call options. But, I am confident that my new market order for them - yes, I know - for today will be executing at these prices that are clearly so discounted to the real net asset value. When G M E 's return on their investment is realized, the stock could be worth $1,000.00's of dollars per share, but as a newer, sleeker, Web 3.0, block-chain-backed, highly-sophisticated Amazon-killer. + +Edit2 10:19am EST: Macro markets are down, and investors should watch G M E 's notable negative beta to see if that negative beta will 'hold up', or if the stock could become 'entrained' in the macro bear market as noted with the falling dow jones and nasdaq today. It'll be interesting to observe. (In January 2021, GameStop's rise did technically 'take down' the market on the beginning of hedge-funds' closing of other long positions that served as liquidity to support their egregious short-borrows - all until the removal of the buy button for G M E of course - in violation of securities laws \[FINRA\]) +Conscious I may need an ELI5 here. + +With the USD at near record highs, what is the best way to take advantage of this in the stock market? My gut instinct would be to purchase foreign stocks (e.g a FTSE100 tracker) but I’m conscious it will not be a simple as that (for example when a company is listed on the FTSE, but obtains the majority of its income from outside of the U.K.). + +So what is the best way to capitalise on the strong USD? Is it possible to get foreign stocks ‘at a discount’ in usd terms? +Edit + +[Daily Mail Article](http://www.dailymail.co.uk/news/article-3342060/Reddit-user-22-shocked-400-000-mysteriously-appears-bank-account.html) +^lol, thanks daily mail + +Also, thank you for gilding! + +---------------------- + +Firstly, thanks to all helpful and constructive comments! It should be mentioned that it is part of the reddiqutte to follow the subreddit rules. + +Onto the update. + +Long story short, the bank called. An employee had accidentally transferred a home loan funds into my account! +From many redditors, if it was a customer error, legally I would be able to keep the money (not implying that I would). But if it were a bank error, they could take it - no questions asked (info from several redditors who worked in a bank). + + +They called me that they will reverse the original transaction, and to move the money into my original account because I had moved it into a new account so that I could distinguish between 'that' money and my money. + + +It took under 5 minutes. Very anti-climatic, but better than a lawsuit! Thank goodness that the stress is over. + + +Also, since it is a new month (today is 1/12/15, Australia), a credit interest had occurred in my account and they didn't take that either. Since the money was in that other account for one day it got about $25 credit interest. + +So... essentially, I got out more than what I initially had woo (-: + +I think I'll just let it sit there for the memories. Haha. + + +-- + + +I learnt a lot of things from this as well. (Remember this is from Australia, and could be from the UK as well, because we do apply UK's common laws to Aus...maybe...IANAL) + + +- *Unjust Enrichment*: In law, unjust enrichment is where one person is unjustly or by chance enriched at the expense of another, and an obligation to make restitution arises, regardless of liability for wrongdoing. (Scary!) + + +- *Change of Position*: Change of position is a defense to a claim of unjust enrichment, or for restitution. Ordinarily, someone who has been unjustly enriched at the expense of another is strictly liable to disgorge his gains. However, a "change of position" defense operates where it would be inequitable to compel him to make restitution. (https://www.reddit.com/r/AskReddit/comments/m06n7/whats_the_best_legal_loophole_you_know/c2wzyy1 - thanks to /u/pspins for the link) + + +- *Theft by finding*: Theft by finding occurs when someone who chances upon an object which seems abandoned takes possession of the object but fails to take steps to establish whether the object is abandoned and not merely lost or unattended. In some jurisdictions the crime is called "larceny by finding" or "stealing by finding". + + +There were lots of very unethical things I could do, but I had no desire to do that (this has to be established and said, apparently). +In conclusion, do not take money that's not yours. + + +Thank you for all your help, PF! + + +*TL;DR* Bank error, collect $25. Also, proof: http://imgur.com/ip7czHt +Yesterday, we handed some of these out to employees at the local GameStop’s. They are a part of the reason we are up so much. Please if you’ve benefited from this a lot, those employees deserve this - consider doing something similar. + +&#x200B; + +https://preview.redd.it/jn9p0bwq15c61.png?width=1147&format=png&auto=webp&s=6718a3232cf38621fd0e2c86923cb3752f729444 + +\*not a flex just hoping to inspire others to do similar\* + +Not sure why the image isn't showing up but here's an alternate link: + +[https://stocktwits.com/Slantedangles/message/274590043](https://stocktwits.com/Slantedangles/message/274590043) + +&#x200B; +> Chip designer Advanced Micro Devices, Inc (AMD) announced its decision to acquire programmable computing solutions designer Xilinx, Inc in October. + +> As part of its offer and calculations for the deal, AMD provided its future financial projection estimates to DBO Partners, LLC - AMD's financial advisory firm for the entire affair. These projections go beyond the details that AMD had revealed in its financial analyst day earlier this year, and they provide a glimpse into what the company expects of itself over the course of the next five years. + +> At the analyst day, AMD provided a compound annual growth rate (CAGR) of 20% for the next five years. During the company's presentation, chief financial officer (CFO) Mr. Devinder Kumar had stated that this figure, part of the company's long term model, was for the next four years - or for the end of the fiscal year 2023 + +> AMD's EPS forecasts for the fiscal year 2020 and the following five years in the S4 Form are $1.20, $1.56, $2.19, $2.90, $3.41 and $3.90 respectively + +[see full article here](https://wccftech.com/amd-22-billion-2025-growth-2019/) +[https://financialnews.com/news/goverment-politics/covid-19-the-doj-fbi-are-investigating-stock-transactions-of-lawmaker-who-dumped-prior-to-the-markets-collapsing/](https://financialnews.com/news/goverment-politics/covid-19-the-doj-fbi-are-investigating-stock-transactions-of-lawmaker-who-dumped-prior-to-the-markets-collapsing/) + +The US Department of Justice and the U.S. Securities and Exchange Commission began checking stock transactions in recent weeks by members of US Congress who had access to classified information about the spread of coronavirus and the impact of the unfolding pandemic on the economy + +The Federal Bureau of Investigation (FBI), as part of the investigation, requested information about the stock sales of Senator Richard Burr who sits as Chairman of the Senate Special Intelligence Committee +By that I mean, law, finance, tech, medicine, and crypto. + +Are there any fatfire people that made it to be fat from being in a creative field? (Art director, cinematographer, photographer, professional artist, etc) + +Curious to hear if any of you exist and what your story is! +I recently just accepted a job within walking distance of my apartment in DC. I still owe $5,200 on a 3 year old vehicle that has a current trade-in value of $18,000. I pay $480 / month on the loan and about $90 / month on insurance (total monthly cost of $570). + +Now that I'll be able to walk to work and would likely only use my car for weekend trips, is it worth keeping? Since I'm still in my twenties, I was thinking of selling it and taking that monthly expenditure and routing it to a Roth IRA. + +Thoughts? +# This post was [Inspired by u/nifFIer](https://www.reddit.com/r/financialindependence/comments/px5hks/85_years_of_tracking_collegegrad_school_working/). + +I really liked the format and discussion so I am going to copy it best I can. + + + +# Summary of Family: +**Self** – BS/MS Statistics with a math minor, Master's in Analytics (in progress). Data Science at tech company $105k Salary + 20K RSU = 125TC, college paid for by financial aid at the undergrad level and I am sticking my employer with the graduate school bill. + +**Spouse** – I have a partner but we are not married so I am not counting their income and net worth. + +**Dog** – A 4 year old Dog (Kibble salary) +We rent an apartment and drive cars that we both bought for ourselves on the down-low +<br> + +### Disclaimer: +[Admittedly, I do not have as much data as the OP of this post. At the very least not as much documented. However, I did start using YNAB in 2020 so I do have some very detailed and granular data that I will share instead in addition to some charts here and there along with a deeper dive into my expenses and saving ratios.](https://imgur.com/a/Dqr9VpQ) + +## **Growing Up** +Mom is a high school drop out who is illiterate and cannot read or write. She dropped out of school to help support her family of 7/8 growing up since grandma had kids without much thought on how they would manage. As such, mom was very traumatized from her childhood and as result she made some poor decisions in life. For example, she got prego at 17 with me and my biological dad was big time drug dealer with a house in Cali. However, they got busted and she got locked in a mental hospital cause she snapped. She got let out early due to lack of funds. Emotional abusive, gaslighting, physically abusive, and neglectful was how I would describe our childhood but that is expected given her background. My mom would then proceed to threaten to harm us, herself, and others while she was with other drug lords. It was weird since when she could find someone to give her money we would have tons of it! She would spent on really expensive designer clothes and nice cars and beauty products and of course on 10 year olds wearing A|X and burberry. However, once the drug lords left for a different women and/or had a kid with my mom, we would be broke. This is why I think I am such a good saver. I know whats it is like to not have money so I am grateful when I get it. There's a whole can of worms here so I will just leave it at abusive, mentally ill parent did her best to care for us but could not impart any good financial advice or help. Ex. her advice for me growing up was to make sure when you get the credit card bill always pay the min + 20/30 dollars more which is on the right track but will lead to always being credit card debt. + +## College/Grad school (2016-2021; 2022-): +My story will diverge a little from OP's since I went to grad school after I got my first real job. However, I can speak on undergrad in the same manner. I initially went to school to be a doctor but did not want to major in bio or chem so I went chemE so in case I did not want to be a doctor/did not like it, I would not have a useless degree. My grades were pretty darn good, but after my first year of ChemE specific courses I realized I did not want to be a ChemE so I pivoted to Material Science and Engineering. I got an internship at a manufacturing plant. Unfortunately no 401k benefits or anything like that. I did not use reddit so I did not know about the power of the Roth IRA so nothing was contributed there but I was making 15/hour plus they paid for apartment and living expenses except for food. During my internship, I realized I actually did not like what I was doing for the most part but I did really enjoy the statical work that we did. So with that knowledge I switched majors and added a minor since my school required it/ more or less. I graduated with honors in 2021 without any additional internships since at that time I was focused on getting out before my financial aid ran out since I basically wasted 2 years. If I could do it over, I would have double majored in comp sci, stats and gotten as many internships as I could to try and break into the BIG tech companies but hindsight is 20/20. + +## Working Full Time + +Salary History (COL Index: 94.8): +$65k (Half 2021) -> $125k (2022) +Unfortunately not a whole of data here but I can elaborate a little. I spent part of 2021 in a consulting gig as a "data scientist/analytics" but we did not do jack shit. All we did was tell companies how they can use data and maybe come up with data dictionaries for them. It was easy af money but I was unsatisfied and one of my friends was looking for jobs and I was like shit might as well join them. I randomly applied to a company that ended up being a tech company that took a chance on me and I have been doing pretty well. You wont see the full 125 K in the breakdowns because I only have made that money for less then a year PLUS my RSU have 25% cliff vesting schedule. I did not reach out to any of my family since they are all Fucking crazy. Wont get into unless asked to in the comments but the metaphor I would use to describe them is that they are drowning from trauma and if you get too close to a drowning person, they **will** drown you too. So, I was able to focus on work mainly and my partner. My current role is not very stressful but it is not as interesting as it could be but it pays fairly well. My manager is nice and chill and like them but they seem a little scatter. I have been thinking maybe Machine Learning Engineering would be more interesting and challenging but I have not decided if I care enough to switch jobs. + +## Adding this: FI Stuff +I contribute 6% of my salary to my 401K since employer matches up to 6% and all of that vests on day 1 which is giga chad move. +I max of Roth IRA while I can. I do VT and chill for that and S&P Index for 401k. I also do 20K a year of ESPP since I get 15% discount so I plan immediately selling and printing an extra 2/3K a year like that. + +My work does have a HSA, but I cant use it. Why you may ask? Well, therapy is expensive and I need a lot of it. All the in network providers are not able to treat me effectively since I am on paper I seem perfectly fine. but emotionally I am mess. I did find someone but they are out of network but they are goated. Dude went to Harvard and has many YoE, and teaches the trauma class at my former Uni (I think) so he is very well qualified and the only dude who can see past the barriers I create (subconsciously he/I may add). I had gone 4/5 different people and nothing. However, since they are Out of network, it cost a shit ton to go see them so it does not make seen to have a HSA. I am on tract to get OOP for my plan so my future sessions wont be so expensive. They are 180 a session 2x a week. + +Once I am "cured" I will absolutely max out that HSA but who knows how long it will take to heal generational, racial trauma so fingers crossed lol . + +## Life, and where we go from here: +I am planning on graduating from grad school in about 2 years. By that point, I should be a senior data scientist at my current company. My coworker with similar education and YoE background has a base salary is about 170K so with RSU probs pushing 200K. By that point, if I am not at the position/salary I will job hop to that somewhere else since I will have had 5 YoE plus relevant BS and MS degree. My partner is pro FI but they are in much lower paying field (nursing). However, it should still be good enough and I love her very much so I am not planning on leaving her for not being able to mirror my income. We have lots of goals such as owning a home in a very nice trendy city like Denver, Austin, NYC, LA, Seattle, or Chicago. As such, we will need our incomes to rise so we think we need to eventually switch to management for our careers. We do share interest of traveling to Europe, Australia and maybe parts of southeast Asia. + +I have been reconnecting with my sister and brother recently since I am in a better place mentally and financially but they are a bit of mess. They are high school dropouts and both had kids sub 18 just like my mom and work lower paying jobs. I try impart advice IF they ask (I will not infantilize them) but mostly I just try to be the big brother they could not have since our childhood was so messed up. I do not think I want a relationship with my mom but my partner's parents are wonderful in comparison so we all talk like I am the adopted kid anyway. I was there for every major holiday as soon as we started dating since they saw I had no family to go to for Thanksgiving or Xmas. My partner and I split bills based on equity meaning if I make 2x as much as her, I will pay 66% of the rent or any really big bills. We love going to trendy, upscale food places and spending money on experiences + +## Inspiration: + +Honestly, I want to thank all the teachers I had as they were the closest thing to a safe, stable place to exist and probably helped in someways push me towards the path of education out of poverty. I also want to thank this online community. I have learned so much about investing, and use fancy words like Roth IRA, HSA, ESPP with other people to explain things that were completely unknown to me. Part of me wants to give back to the world but unfortunately the world is getting more and more expensive. I hope to do this again in a year with more data and more updates on where I am in life. Hopefully with an upgrade from partner to spouse. +I just feel broken. + +The litter is nasty. My daughter has outgrown all her shoes and over half her clothes. I'm wearing flip flops in 15°F weather. One side of the kitchen sink leaks. The hot water heater could go at any moment. The upstairs bathroom sink doesn't work. We are completely out of trash bags and puppy pads. I stress thinking about groceries because my wife can't have gluten and anything gluten free is expensive. Someone on Facebook gave me canned vegetables (low sodium / no salt added) that I've been using to make my daughter soup, but even that is running out. I barely eat anything and it gives me migraines. I've got 3 cans of cat food for the picky cat and 3 cans of dog food for the old dog; luckily they are over 1lb each and should last us through til my next paycheck. + +The check will be gone before it even hits my account. I was unemployed for just 3 months, and I feel like my life is ruined. I feel like my daughter is going to have to grow up like I did, with nothing, and nothing has ever so thoroughly broken my heart and made me so ashamed. I am so tired. + +Edit: I didn't expect so many (or any) responses. I'll respond when I'm home from work. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +https://www.bbc.com/news/uk-england-york-north-yorkshire-51736395?intlink_from_url=https://www.bbc.com/news/topics/cp3mvp0jk5gt/mining&link_location=live-reporting-story +I cant be the only one who believes Corsair is a great buy below $32 right? Throughout COVID they have done nothing but rake in money and expand the company. The amount of necessary gaming/streaming equipment they own the companies of is insane like elgato for instance which practically every streamer and content creator uses. Their products are incredible too and most people who play video games probably use them. These are just my thoughts though if anyone has a different opinion please let me know I’m super interested in what people have to think about this company. +Been a lurker on this subreddit and the main Ethereum subreddit since late september and I've been seeing a lot of FUD, hype, and misinformation regarding the price of ETH. As far as knowledge of the backend coding and all the work that goes into Ethereum goes, I'm a complete newbie. But as a day trader of foreign currencies for the past 4 years, I've picked up a few things that some of the traders here might find useful and interesting. + +The FX markets are rigged. Always have been and always will be. Before, it was a lot of big banks manipulating prices by looking at the order flow to run stops and get in on better entries. Nowadays HFTs (high frequency trading) are dominating the market, which are funded by large financial insitututions, so essentially nothing has changed over the last 2-3 decades as it pertains to the everyday retail trader. This is a fact and anyone who tells you otherwise is either delusional or hasn't been in the markets long enough to see it. Once you understand that the stock market, currency markets, commodity markets, etc. are only available to the retail traders because they are a means of the smart money taking your money, you can start to invest/trade differently. So how does any of this tie into ETH or any other crypto? Simple: you're playing the same game. The players are different, but the mentality and financial dynamics are exactly the same. + +Price Action + +Traders and investors talk about price action here quite a lot, which is a good thing, but it's difficult to give price action as much credibility as it has in the FX markets due to the current price and volume. The price is currently low enough to where a small hedge fund (500m-1B) can control price action by putting manual trades throughout the day using a tiny fraction of their money (1-5M). The volume that you're seeing that's being traded on the exchanges (~16M today) says absolutely nothing about the net number of ETH being exchanged. The same 100,000 coins can be exchanged back and forth between a hedge fund and 100 day traders and the daily volume can be either 1M or 100M at the end of the day depending on the frequency of the trades. The reason why I mentioned manual trading from hedge funds earlier is because 16M in volume is nothing in the world of finance. The FX market is thought to be a 3-6 trillion dollar daily market, but that number means nothing because of the HFTs and big banks sending money back and forth to each other throughout their trading sessions. The 16M trading volume today can be achieved manually between 5-10 successful daytrading whales, even. If those whales start using HFTs, then that number could easily increase 10 fold. If a hedge fund allocates 5-10M using an HFT against these whales, that number could skyrocket to 100M+ and price could be practically unchanged at the end of the day. This happens a lot in the fx markets during tight ranges. + +Volume + +Just like in the FX markets, volume is also tricky for another reason: it is decentralized. Unlike publicly traded companies whose stocks are traded on one exchange, no one exchange has the rights to any currency - fiat or crypto. Because of this, volume can throw off price action analysis (if you even take that into account), but it shouldn't be overlooked. Instead of looking at the raw volume that's being traded, look deeper and see where and when the volume spikes. If price makes a triple bottom and each of those times it explodes out of that level with lots of volume, then there's a good chance that accumulation is happening. If volume is increasing and price is going down, then there's a good chance that distribution is occuring and price will continue to move down until the next accumulation phase begins. The advantage that ETH has over fx is that the volume is almost always going to reliable at this stage because Polo and Kraken hold almost all the trading volume. Once more exchanges get involved, it will be easier for whales to put in big orders at the same time using many exchanges to cover their trail. + +Bubbles + +Lots of talk of bubbles lately. I don't think it's not justified, but it's also given too much weight. I believe that ETH will succeed, which is why I'm just buying and holding. If prices hit 10 cents or 10 dollars tomorrow, it won't matter to me because at both levels ETH will be severely undervalued. The only people who should be concerned with bubbles are day traders who are trying to time the markets and hold positions over long periods of time. In the FX market, a good way to lose your money quickly as a day trader is forgetting that you're a day trader. Some traders will do their daily technical analysis, base their trade off of what occured in the last 24 hours, and then enter into a trade and hold that position for a week or a month. That's dangerous to do in any market, but moreso in a 24 hour market that has been extremely volatile lately and has no upwards bias like the US stock market does. + +If you are a successful day trader, then you already know that the "bubble" means nothing to you. You are in and out of the trade in a matter of minutes or hours and you have your entry and exit planned out. You don't hope for the price to go in your direction - you just react to what the market is telling you without getting married to your trade and without being afraid of the market. + +Also, it doesn't take a lot of money to create a "bubble" when there is leverage, margin calls, fomo/herd mentality, and low volume. The bubble bursts long before price falls. It bursts when price is in a fake consolidation stage. A novice trader will look at sideways price movement after a big rally and may mistake as a big buy signal because he/she believes that the bulls are just reloading their accounts, but sometimes it could be that the bulls are unloading their positions on fomo traders. + +Do I think we experienced a bubble over the past couple of weeks? Yes. Does it mean that price will fall to drastic levels like .002 - .005? Not necessarily. It won't take much money to prop price back up again. A bubble for day traders could just be a minor pullback for an investor/financial institution with deep pockets. When only a few million dollars can control the outcome of price for several days/weeks, it's silly to overreact after every "big" event. These events will continue to happen until more money starts coming in and price can begin to stabalize. Until then, you'll see a bubble formed and a bubble burst every couple of months. If you can't handle that as a day trader, then go find something else to do. + +Technicals vs Fundamentals + +In the world of finance, technicals vs fundamentals are a widely discussed subject. In the short term, technicals is more beneficial, whereas in the long term solid fundamentals are the most important factor. Technical analysis is the bread and butter of day traders. Whether you're scalping or holding a position throughout the day, you most likely base your entries and exists off of technical analysis. And while this may hold more weight in FX, in cryptotrading, your technical analysis can be invalidated the instant a big player comes into the market. + +Stop hunting above resistance/ below support and abusing oversold vs overbought levels indicated by oscillators is what banks love to do. The main reason they do this is because they need to fill their orders. It's hard to put in a billion dollar order and have it filled without slippage or a major spike in price, but if you move price below a major support level, cause an order flow cascade by trigger stops and then accumulate those orders, you will achieve 2 things: filling a big order and creating a void in order flow where very little money can move the market in a big way for a short period of time. In that short period of time, banks or wealthy investors create their own price action and decide where the market will go next. Don't just look at a support or resistance level and think that the level will hold. If the incentive to break past it is bigger than the cost of failing to break it, then you can bet that an honest attempt will be made to do so. What happens next can only be determined by the people who have positioned themselves properly long before the level was broken. + +Fundamentals should be your main focus if you truly are an "investor" and a believer. I see ETH the same way most people see the stock market: with an upward bias. If price goes lower, I welcome the "sale" on ETH. If price goes up, I look at my unrealized profits and my views of the market are validated. The only time I will consider closing out of my position prematurely is if fundamentals dictate that it's the right thing to do. This could be for a myriad of reasosn previously discussed on here: problems with the developers, flaw in the code that may be detrimental to the Ethereum network, accumulation of toxic atomsophere caused by press/politics, etc. All of these factors will take a long time to come to fruition, which is why I'm not going to make a decision to sell on some FUD. + +Market Cap + +Another hot topic on this subreddit and in the trollbox. A lot of people talk about market caps, but how many people understand the logic behind it? With ~77M coins at $1 per coin, the market cap would be considered $77M, right? If the price of the coin goes to $2, then the market cap doubles. But does that mean that another $77M has actually entered the market? Absolutely not. Sometimes it could such a small fraction of that that it would you'd be crazy to believe it. When it comes to market cap, remember that it is somewhat of a theorical thing. If all of the ETH holders decided to hold their ETH and not sell a single one until price reached $100, in theory, 1 order buy order at "market price" will be enough to make ETH skyrocket. + +Take the current of ETH, for example. At ~4.50 per coin with 77m coins, the market cap is floating around roughly at 350M. If all the sell and buy orders were pulled from Polo and Kraken with the exception of 1 sell order at $50/ETH and 1 new buy order came in at $50 to purchase just 1 coin, Polo/Kraken's automated system would move the price right up to the $50 market. If that sell order gets moved up to $100/ETH and another buy order comes in at $100 to pruchase 1 coin, the "market price" will move up to $100. This would place the market cap at ~7.7B and all it would take would be $150 to get it up there. Now, this is an extreme example that will never happen due to fear, greed, profit taking, etc. But, in theory, it is possible. + +ETH has value because traders and investors believe it does. They are willing to part with a certain amount of their money to buy some ETH and that amount may be higher or lower than it was yesterday for a million different reasons. By the same token, they will also be willing to part with a certain amount of their ETH once the accepted value by others reaches a certain level. Even when we reach a market cap of $1b and $10b, it won't mean that anywhere near that amount of money was used to reach that market cap. It also won't mean that someone could sell $100M worth of ETH and actually get the full $100M out. Realistically, if a $100M sell order hit the exchanges when ETH has a market cap of $10b, it could easily drive the price to half the market cap and cripple market sentiment for ETH for several weeks/months. But the same is true for the flipside. To tie this back to the bubble discussion, don't give market cap too much credibility, especially at such an early stage. Very little is needed to manipulate ETH at the moment. When a real $250K buy or sell wall won't be seen as a daunting obstacle for traders/ivestors, only then can we start talking about the real market cap being in the millions or billions. For now, ETH has a lot of loyal and patient investors whose theorical net worths are controlled by a handful of whales and a small number of day traders. +Start Network is a consortium of 42 national and international NGOs operating across 5 continents. Its membership includes Oxfam, Save the Children, the Norwegian Refugee Council, and many more. + +It is currently gearing up to pursue blockchain pilots with a startup called Disberse, which has built a for-profit financial platform on blockchain to facilitate the delivery of project funds for humanitarian and global development projects. A recent proof of concept to fund school places for girls in Swaziland improved efficiency to such an extent that there were sufficient funds left over to finance an extra year of school for three girls. + +Disberse is currently on a private blockchain, but will be migrating to Ethereum over the next few weeks. + +https://startnetwork.org/news-and-blogs/blockchain-experiment-humanitarian-aid + +Moreover, Disberse is part of a ConsenSys initiative called the Blockchain for Social Impact Consortium (BSIC), which held its first meeting at the end of July. BSIC's 22 members include the World Wildlife Fund and Tata Consultancy Services (a subsidiary of Tata). Their aim if to build applications that can make a positive social impact (if you couldn't tell that by the name) and they will be hosting monthly working groups and a month long hackathon later this year. + +https://media.consensys.net/announcement-the-blockchain-for-social-impact-coalition-2757dbd86d3e +With these price drops on the market, what are you guys looking to buy / buying? Are you going for something safer like VTIP, or bonds? Or are you guys taking advantage of the price drops to buy stuff like SCHD, META, COST, etc on a lower price? +Title says it all. I’m a current 20 year old student who really doesn’t have that much money to invest every month, but I feel that putting any money away is better than nothing at all. I’m considering buying TD and Bank of Nova Scotia (BNS) stocks to get started, but does anyone have any tips to set myself up for success? I currently put $50 away a month for my TFSA and on top of that am considering opening a second TFSA to only focus on dividends. Any tips/thoughts or advice? +For those of you who diversify outside the US, what international dividend funds do you hold? + +Looking for something similar to SCHD that isn’t just investing based on market cap. Preferably expense ratio < .15% but that might be wishful thinking. +Does everyone know about this resource? An institutional version of Value Line is available online at most public libraries. This was US based advice so I was skeptical of it being available here in Canada and... it was! Companies pay about $8000/year for access to Value Line, several thousand I believe for a personal membership. If you're not familiar with Value Line, it's been around since post 1929 crash. It's basically a one page evaluation/summary of the annual and quarterly statements with all the metrics calculated for us. Also freely available is the Value Line stock screener with hundreds of screening options. I use it to filter my options down to less than 10 whenever I think the market is taking a pummelling which I monitor via general news and the P/E10 ratio (AKA "CAPE Ratio") +I started a couple of months ago with dividend investing and at the moment I invested roughly $2000 in blue chip stocks mostly like JNJ, MMM, HD, BAC, etc. and my only riskier stock is VLO. I don't have much time to devote to trading so a passive income strategy is what I am looking for but I am willing to take a bit more risk since I am just 27. + +I'll be able to invest rougly $5000 at the end of March and I wanted to hear from you what would be the best way of doing this. I only have individual stocks at the moment but I am opened to ETFs and "riskier" dividend stocks or growth dividend stocks. + +Do you have any suggestion? +I love my dividend stocks and am contemplating selling some of my CVX (bought at a bargain in the low 70s) to reinvest in some other dividend stocks that are currently undervalued at this time. Any recommendations that I should investigate? Thanks! +For those of you who diversify outside the US, what international dividend funds do you hold? + +Looking for something similar to SCHD that isn’t just investing based on market cap. Preferably expense ratio < .15% but that might be wishful thinking. +Hello! I’m 28 and kinda just starting out with investing and was interested in dividends after learning about it. + +Really interested in the passive income possibility later on but I’ve seen a lot of stuff about having a Roth as well. + +I have a 401k with my employer and was just kind of confused about having both a 401k and Roth? + +Would I be able to generate passive income if I have a Roth for retirement and maybe a separate Robinhood-like account for passive income now? Just wondering how I should go about this. + +Thank you! +I am hugely interested in being financially independent, but just recently started browsing this subreddit. I've always been the saving type, never lived extravagantly, and currently 25. I hope to retire by 35-40 and live my life meaningfully, doing things that I enjoy and helping people. For those folks who have retired before 40, how did you achieve this? How is your life now (in terms of quality), and what do you do to keep busy? + +Currently, I make approximately $70K annually, and take home about $49K. My monthly expenses are only $1800, so that would leave me about $27K a year. Just did some quick math and saving $20K/year for 15 years (assuming 7% return), would allow me to generate ~$37/year just from my savings. That would be more than enough to cover my expenses. Is this actually feasible? + +Thanks for your input and help. +*Just got this email from Paypal since I had in-hand actual Bitcoin miners for sale on eBay:* + + +Hello [name removed], + +We have reviewed your PayPal account and found that you are selling bitcoin mining machines. Per our current Acceptable Use Policy for Money Service Businesses, PayPal may not be used to operate a currency exchange, bureau de change or check cashing business including the sale of bitcoins, bitcoin mining units, and other related bitcoin products. + +To continue using your PayPal account, we need some additional information from you. Keep in mind that we have placed a limitation on your PayPal account, and this limitation will remain until we receive and review this information. Please provide us with the following: + + • A brief affidavit stating that you understand and will comply with PayPal's terms and conditions. + • The type of payments you will send and receive, including the type of goods or services you will accept payments for in the future. + +Below you will find suggested affidavit language. Please make sure that the requested affidavit is signed and notarized. + +I the undersigned do affirm that I understand and will comply with PayPal's policy regarding the use of PayPal Accounts to sell e-currency, such as bitcoins, bitcoin mining units, and other related bitcoin products. I understand that PayPal may not be used to sell e-currency, such as bitcoins, bitcoin mining units, and other related bitcoin products. I further affirm that any further detected violation of the policy may result in the immediate closure of, or restriction to access to the account. + +Please log in to your account and go to the Resolution Center to find out what you need to do. Your account will remain limited until the issue is resolved. + +**Additionally, in the future, if we find that your account is selling bitcoin products, we will need to sever our business relationship with you.** + +We look forward to hearing from you and thank you for choosing PayPal as your business partner. + +Sincerely, +Mike +PayPal Compliance Department +PayPal, an eBay Company + +Please do not reply to this email address as it is not monitored and we will not receive your response. You can get in touch with us by clicking "Contact Us" at the bottom of any PayPal page. + +Copyright © 1999-2013 PayPal. All rights reserved. + +**edit:** +*vernes1978 says..* +> Please add a link in your OP to this comment. +> http://www.reddit.com/r/Bitcoin/comments/1iyzkg/if_you_get_caught_selling_bitcoin_hardware_on/cb9sovr +I’ll keep it quick. I used to be atrocious with money and credit, making bad decisions etc. obviously that put a significant strain on my life and ability to do or get things I wanted. + +Fast forward years, and I’m on my third house, good credit, investments etc etc (all the stuff you see here usually). + +It just feels like it’s a constant struggle and a lot of the fun and carelessness I used to have is gone. This could very well just be a symptom of getting older as well. But little things like small trips or going out to dinner, constantly invoke a mental math assault, taking stock of where I am in all my accounts, and what if this or that happens, will I have enough to cover it, blah blah you get the idea. + +I have hobbies and try to take everything in moderation. Perhaps the pendulum has swung too aggressively the other way, and there’s an underlying fear that I’d end up back where I was before. + +Thanks for hearing me vent, gonna go seed and fert the lawn. Happy Friday all! +Forgive me if the wrong place to post this, but desperately looking for advice here. We are in the process of putting an offer in on a property, where we had to submit sealed bids to the agent. We have heard back, and from what has been said it sounds like we were the highest offer (matched asking), yet we have been told there is another party "very close" who are going to try and improve their offer. Because of that, the agent has asked us for our "best and final offer". + +A few things bother me here. We aren't allowed to know how close the offer was from the other party, and whether they are or aren't coming back with an improved offer to match us, yet we have to assume they are and put in a "best and final", or risk losing it should the other party decide to do so. + +Where do we stand in being told by the agent if the other party decide NOT to proceed with an improved offer? Are they duty-bound to tell us, or can they basically force us into improving our offer beyond the asking price regardless? Seems a very flawed process, open to any amount of manipulation on behalf of both the seller and their agent, with the prospective buyer basically over a barrel. + +We are already at the very top of our budget, and on a property that requires a lot of work, so we are very hesitant to go higher, but in the same vein have spent years looking for a property this big in the area that we could actually afford. + +Is this a common practice, or a dirty tactic employed by Estate Agents? + +What happened to the good old fashioned bidding war? + + +UPDATE: Offer accepted at original asking price Without having to submit a BAFO. Thanks for all the feedback and advice. We would have gone up very slightly, but just made it clear we are at the very top of our budget. Guess we were looked at as a good option after all. +I was polite and professional. I had asked it before and they removed it saying they had answered it. They have not answered if they are looking into custodial accounts and if they aren't why they aren't. I specifically called out that they had not answered the question in the second post and reiterated my question. + +Provided my background as a customer for 20+ years including being a part of their exclusive "Greenline Forum" since inception. Instead of answering, they removed the post without comment and without notification. + +Thought they might, discovered via incognito and saw it was removed. + +Just in case you needed more proof. + +Edit 1: See below for updates but Vanguard is saying they can't DRS IRAs over; I had started the call with the amounts I was bringing (sizeable and didn't even mention Gamestop) and they said with the whole "Gamestop thing" they can't. + +Edit 2: it appears they have unbanned me (perhaps my emails to their ethics officer or client account worked), they are now saying they are legally unable to in their official reddit thread. I've asked for the rules/regulations that document this in their Reddit sub. +Im currently 32, living in the UK (close to London). I've worked for the same company for the last 10 years. Its a construction company. Started off as a labourer, then moved onto the tools, now for the last 4 years I've had an office role as an estimator. + +I started on 20k, and I've worked my way up to 40k. + +Since becoming a "professional" I've joined LinkedIn, and I have been inupdated with job offers. These generally range from 50 - 70k. + +I practically had to beg for my last pay rise, which was from 35k to 40k at the start of the year. I don't think I'll get a big jump in pay for the next few years. My director has already told me, that he can't promise me anything in regards to further promotion. This is not that he does not see potential in me; its that its a growing company, and promotion will be based on if there is successful growth. + +I'm finding it difficult to stay productive knowing that I could be making much more elsewhere, but after being with a company 10 years I feel loyalty is holding me back. I'm currently 32 and feel this is the time when I should be really earning. + +Anyone else been in a similar situation? + +UPDATE: +Thanks for all the responses, it's much appreciated. Wow, pretty much everyone is saying jump ship. I think another factor which is holding me back is job security. Not having the confidence to take that chance with another company in case I can't perform as they'd imagine and I get let go. I think this is something which has held me back all my life actually. + +FINAL UPDATE: + +Wow, the responses have been overwhelming, thank you. I've decided to go ahead and openly explore any opportunities which come my way. As I'm still currently in a job, I've got the upper hand, and can seek out the right career path without being forced in any hasty decisions. I have taken alot of your advice on board and I will ensure to safeguard any potential moves with contract agreements. It seems that switching jobs regularly, is not only beneficial for financial reasons, but also for expanding my skillset and network. Its opened my eyes to the actual risks of staying in the same place for too long. Anyway, thanks guys. +I’m purchasing a home with a family member for $650,000. They are putting in a deposit of $110,000 and I am not putting anything towards the deposit (neither one can purchase without the other). Everything after that (mortgage repayments, maintenance etc) will be 50/50. We will be also speaking to solicitors and an accountant. But would like to get an idea on the percentage of ownership/ potential profits if we were to sell in the future would be? Or if it is better if we were to sell in the future if my family member gets their initial $110,000 and any profits after that are split 50/50? + +Please no opinions on buying with a family member :) +https://news.yahoo.com/toyota-busts-car-microchip-shortage-200000094.html + +- Toyota has announced it will be back to full global production capacity in December. In fact, the company says it anticipates churning out 800,000 vehicles next month, up from the 760,000 it made in December of 2020. + +I assume they're storing CPUs and other parts and have modified the Toyota Production System to get around this. I wouldn't say it's signs of the shortage ending. Trust Toyota to find a way out of all the car companies. + +Thought it was an interesting bit of news, maybe they will benefit from this while other automakers struggle to get cars delivered, or maybe they won't because people are willing to wait for the cars they want +This: https://medium.com/@bobbyullery/ethereum-is-the-aws-of-blockchains-3345cb67448a + +" Recently a coalition called the Enterprise Ethereum Alliance was created. Founding members include Microsoft, J.P.Morgan, Intel, BP and others who have essentially put a stake in the ground, confirmed that blockchain is for real, and that Ethereum (not Bitcoin) is the blockchain technology that will bring these new use cases to fruition." + +"If Blockchains permeate our world as widely theorized, and Ethereum is THE network of enterprise blockchains, then having access to the network resources will be important. Much like how AWS charges by the resource hour or utilization, Ethereum runs on “gas” which is a transaction fee paid in Ether as an incentive for the nodes’ participation (Proof-of-Work today, Proof-of-Stake in the Metropolis release). Simply, to run a dapp or release a coin on Ethereum, you’ll need Ether." + +" For all intents and purposes once Ethereum’s Casper / Proof-of-Stake is implemented, ETH monetary inflation rate will be close to zero ongoing as policy." + +" So, let me get this straight — we have the potential for a global ubiquitous, decentralized network consisting of billions of nodes, running blockchain powered dapps that are mission critical for the world’s corporations and governments, which require ETH, a potentially deflationary currency, to run? Wouldn’t this make Ether incredibly valuable in this new world? + +Investors are betting on it." + + + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I very recently decided to cut my mother off completely. She had made plans to move into a new apartment, assuming that I would be paying for it. A little less than a year ago I decided to move to a bigger place after my lease ended. This was right around the time my mother was moving to SF. She really liked my old place and suggested that she should just move in. + +My landlord wanted to increase the rent after my lease was up, but she agreed to keep it the same if I prepaid for a year. The plan was for my mom to pay me rent monthly. Well that never ended up happening and now my mom just assumes that I will be paying her rent. She made plans to move into a nicer place and sent me an email saying that she needed a check for $8500 to cover the move in cost. +Some things came up with week involving my sister and my mother and I've decided to completely cut her off. No rent money, and no money for anything else. She is furious of course and has really gone off the deep end. I'm worried that once she realizes that I'm not going to give in that she might try using my personal info in order to get a loan out or get money somehow. + +I have also been told that California has some sort of laws that might mean she can take me to court and force me to continue paying her rent. I was wondering if this is true and what would qualify her for this. + + + +TLDR: +Need advice on how to protect my credit/personal info from my mom. +Ended up paying for my moms rent and am wondering if she can somehow force me to keep paying it. + +Thanks in advance for the help! + +> General Electric Co (GE.N) plans to cut as many as 4,500 jobs in Europe as the U.S. industrial conglomerate shrinks its troubled power generation business, a labor union source said on Tuesday. +> +> GE did not confirm the numbers but said it was “reviewing its operations to ensure the business is best positioned to respond to our market realities and for long-term success.” The company had presented a proposal to the European body representing legacy Alstom employees, it added. +> +> Last month, GE Power Chief Executive Russell Stokes said the company could reduce its global footprint by 30 percent. +> + +[Reuters](https://www.reuters.com/article/us-ge-redundancies/general-electric-to-cut-4500-jobs-in-europe-source-idUSKBN1DZ2YU?feedType=RSS&feedName=businessNews&utm_source=Twitter&utm_medium=Social&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29) +CoinMarketCap removed Korean Exchanges from their price averages making it appear that many cryptos are crashing when in fact nothing had changed. No warning was given and the only way to tell what happened is seeing the small asterisk next to Korean exchanges in the market section. This has led to panic sells and mass confusion about the market value of cryptos such as XRP. I don’t know why they did this, but I’m furious at their lack of public notification prior to doing so. +Over the last three years I posted two models that attempted to look into the future of Tesla and the correlating price. + +I've updated the sheet to include all the different changes/events that have happened in the last 3 years to come up with a more inclusive (and complete) projection of TSLA thru 2025 based on the latest guidance from the company. To summarize: + +* Tesla is guiding for 500k car units sold in 2018, 1m by 2020 (model reflects a more conservative approach at 80% of guidance). +* Since 3 years ago along with its purchase of Solar City, Tesla has announced new vehicles and products that it will be adding to its catalog. Including Model 3 (mid-size $35k sedan), these are Model Y (mid-size SUV), a Pick Up truck, a Semi Truck, a "Mini Bus", a solar roof, solar panels, battery storage, and a ride sharing business. All of these can be found in Tesla's [Master Plan, Part Deux post](https://www.tesla.com/blog/master-plan-part-deux). +* Tesla is projecting its Energy division to be as large as its car/transportation division, with an S curve growth (i.e. exponential) in the coming months. + +Based on these, I've create a yearly chart of my projected units sold by category, revenue, and expected GM%. Quick note: + +* I'm projecting the Tesla Freight (semi truck) and Bus to be a service model, not one where companies are expected to purchase the truck or bus outright (i.e. Tesla becomes a 3PL provider with fully autonomous trucks). I've modeled these on 100% margin on an expected profit amount that I think they'll be able to draw from each unit on a yearly basis. +* I have no idea what the per-unit price of the storage business extrapolates to, so I attempted to model it based on a % of total business. Don't pay too much attention to the unit figures under the storage business. + +I'm setting a price target of $733 using 2021 figure for revenue of $91.7bn. You can use this same exercise for any of the figures on the model (i.e. if you want to assuming price based on 2025 revenue, you can apply the same math above to arrive at a stock price). I'm assuming the following: + +* 10% EBITDA to Revenue ratio based on guidance from Elon Musk on one of their 2015 earnings calls. I'm using this to remove the assumption that Tesla will forever be in maximum growth mode (i.e. reinvesting all profits back into the company) +* A P/E ratio of 15 +* 20% discount based on risks (Model 3 launch, macro environment, etc.) + +[Click here for the sheet.](https://docs.google.com/spreadsheets/d/1Zs30mjhipex_eIyjRJWiMRlKfmsrPSFNB7wHg4fUJRg/edit?usp=sharing) + +Feedback - GO! +AppHarvest good long-term investment or bust? I think $6 to $100 is range of valuation. Deep thoughts below. + +Is AppHarvest the anti-Monsanto? What is $APPH worth? Can company get to $10 billion valuation within 5 years. DISCLOSURE I OWN 20,000 of $APPHW which is warrants. + +Ever since AppHarvest was announced as a SPAC I got intrigued with not just the company but agtech or in this case vertical farming, to be more specific. I do think this is not a fad and a necessary way of life for the next 100 years. My only concern is if there really is a competitive advantage in regards to tech. Many claim to have good tech but none have proven this at scale with hundreds of millions pounds of a product being grown and distributed and more importantly profitable. + +I think there are major trends we need to consider and food resources has definitely been a major problem and will continue for decades. The Chinese have been securing food supply buying companies all over the world such as pork, beef and others. They own so many supply chains, raw material companies, ports, etc. + +Usually when you have a new sector (although not new in Europe as the dutch have been working on vertical greenhouse farming for decades). First is the growth and hype, then there is business reality (growth but growing losses and continued capital needs) and then there is consolidation from all the players that mismanaged their funds or made a poor strategic decisions. Then there is profitability or economies of scale from all the consolidation, more mature phase. + +Nevertheless, although there is some hype with Appharvest today I begin to think with my venture capital hat....what is the real value of this company today and how big can it really get over the next 5 years? Who are the best comps when compared to new agtech or pioneering (think beyond meat). + +If you read the article below you can see all of the future products that the company will be producing over the next 5 years. All they talk about today is tomatoes and leafy greens but they will also do fruits, other veggies and something that is not even mentioned is cannabis. This is because Kentucky has not legalized it but when they do I am sure the company would be the first to get the license. + +https://www.fooddive.com/news/can-giant-greenhouses-help-feed-consumers-appharvest-wants-to-find-out/553570/ + +This article explains all the potential products and services too. + +https://www.verticalfarming.com/food-crops/ + +The company claims that their farming does about 30x better yield than a convention farm but when I looked at conventional farm yield and those from vertical farms in Netherlands they claim to do more than even well established vertical farms that do about 7x traditional farms. If they do 30x the rate of a regular farm then I believe the revenue estimates provided by the company to actually be conservative. + +Below is what I believe the company can do in revenues. + +2021 revenues is $25 to $40 million +2022 revenues is $60mm to $100mm +2023 revenues is $150 to $200mm +2024 revenues is $250 to $350mm +2025 is $400mm or more + +If you look at beyond meat historical valuation they traded at 10x to 20x revenues given their growth rate. That would imply the following valuation for AppHarvest. + +2021 would be $600 mm marketcap at 20x revenues given year 2 will be 300% growth. + +2022 would be $1 to $1.5 billion when using $75mm as revenue and 18x revenue. + +2023 would be $2.6 billion as it would be 15x revenue at $175mm in revenues. + +2024 would be $4.5 billion as it would be 15x $300mm in revenues. + +2025 would be $7.5 billion at 15x revenues and $500mm of revenues. + +There are so many variables as to what this valuation would be on a price per share basis because I do expect a debt or equity raise by 2022 or 2023, better 2022 as maybe terms would be better and not on desperate terms. + +It all depends how much cash flow they can generate but each farm costs about $1.5 to $2 million an acre and if they plan to add about 100 acres of land every year they need $150mm to $200mm a year to keep growing. Given the $465mm of cash they got from the SPAC is now $330mm after the $125mm purchase of their first farm. They basically have enough capital for 100 to 150 acres....this is where it gets interesting because what will the company do? My bet or educated guess is that the PR machine will kick into high gear for the next year. + +I do have concerns or questions such as: Will the growth and perhaps hype help them fund more growth? The company will not have enough operating Cash flow to build a 60 acre farm a year until the company reaches at least $300 to $400mm in revenues at the very least. So, that means that from today to that day they will need at least another $500mm to $1 billion in capital to keep growing and not be concerned with growth via cash flow. That means they will either need to do a few small raises or one really large one. + +So, what has to happen in order for the company to be able to generate more buzz than just selling tomatoes? The only thing I can think of is that the company starts producing products that are higher revenues and margin per acre and the only way I can see that is via cannabis or other medicinal products. You see, just like Amazon where people saw it as a book store in the 1990’s it is way different today. With AppHarvest it really can be the next Monsanto was taken private by Bayer at a pretty high multiple too. + +Today you are paying $1.3 billion enterprise value for the business of which all of the cash js going to go for salaries and land acquisition of farms (building and construction). + +So, what are shares worth? + +Well given enterprise to revenue multiples you could argue that trough valuation would be $6 to $10 and assuming no equity raise and the same share count by 2025 that would be $75 to $100 a share. With a current price of $17 dollars it could drop 50% or go up close to 500%. Although I believe they will need more capital probably they will keep raising $50mm to $100mm a year to keep growth momentum going. + +What are your thoughts on this? What am I missing from the story that is good or bad? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +IRS has sponsored VITA program across the country since the sixties. VITA stands for Volunteer Income Tax Assistance. Nonprofits like United Way, Community Colleges and Public Libraries etc. participate in preparing free taxes. This will save you several hundred dollars compared to a for-profit location or a CPA. Turbo-Tax etc are cheaper but not completely free. VITA is 100% free, you cannot even tip them, not even a candy. For terms, conditions and nearest location please go to https://www.irs.gov/Individuals/Free-Tax-Return-Preparation-for-You-by-Volunteers +I am an accounting faculty and the VITA coordinator at our local Community College. +The FICC ("Fixed Income Clearing Corporation") \[[Investopedia](https://www.investopedia.com/terms/f/ficc.asp), [Wikipedia](https://en.wikipedia.org/wiki/Depository_Trust_%26_Clearing_Corporation#Fixed_Income_Clearing_Corporation)\] and NSCC ("National Securities Clearing Corporation") \[[Investopedia](https://www.investopedia.com/terms/n/nscc.asp)\] are subsidiary clearing agencies of the DTCC for fixed income assets (like US Government Securities (e.g., Treasuries) and mortgage backed securities (MBS)) and securities (e.g. stonks). + +Both the FICC and NSCC just filed proposals to the SEC for comment on how the FICC would designate uncommitted resources as "**Qualifying Liquid Resources**" \[[SR-FICC-2022-008](https://www.sec.gov/rules/sro/ficc.htm#SR-FICC-2022-008) [34-96210](https://www.sec.gov/rules/sro/ficc/2022/34-96210.pdf) and [SR-NSCC-2022-013](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2022-013) [34-96219](https://www.sec.gov/rules/sro/nscc/2022/34-96219.pdf) both titled "Notice of Filing of Proposed Rule Change to Amend the Clearing Agency Liquidity Risk Management Framework to Include a New Section Describing the Process by Which **FICC Would Designate Uncommitted Resources as Qualifying Liquid Resources** and Make Other Changes"\] + +# Qualifying Liquid Resources + +What are Qualifying Liquid Resources? The DTCC has this helpful doc for the [FICC subtitled "Disclosure Framework for Covered Clearing Agencies and Financial Market Infrastructures"](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/FICC_Disclosure_Framework.pdf) which has a section on "Liquidity risk management framework" (with essentially the same thing applying to the [NSCC](https://www.dtcc.com/-/media/Files/Downloads/legal/policy-and-compliance/NSCC_Disclosure_Framework.pdf)): + +[FICC Disclosure Framework pg 71](https://preview.redd.it/teo1uhx8n0y91.png?width=845&format=png&auto=webp&s=05564ca37018ee3a1cc7a7075f4d55a7a7d9ad98) + +Qualifying Liquid Resources are simply assets held to complete settlement of transactions in the **event a Member defaults**. Liquidity resources already include the Clearing Fund (both its cash and cash they can get for the securities held) along with cash from securities that would've been delivered to the defaulting Member (you can think of this like wage garnishment where the defaulting Member would've gotten paid, but the income is taken to pay off debts to someone else). + +By designating Uncommitted Resources as Qualifying Liquid Resources, the FICC is basically putting more money into the Qualifying Liquid Resources pot to settle transactions when a Member defaults. + +# Master Repurchase Agreements ("MRAs") can be tapped too + +Assets available through MRAs may be used in the event of a Member Default: + +[FICC Proposal 34-96210 pg 6](https://preview.redd.it/0mjz7zgnq0y91.png?width=1210&format=png&auto=webp&s=601d4dd1e0514c8068e0982dc6d8e3621ed9fe43) + +We've seen MRAs come up before... [OCC Filing Advance Notice re Master Repurchase Agreement for Liquidity \[OCC's plan to raise money\]](https://www.reddit.com/r/Superstonk/comments/w91ktj/occ_filing_advance_notice_re_master_repurchase/) where the OCC changed their Master Repurchase Agreement to add a lot of custom features letting the OCC raid assets in pensions and insurance companies \[see [The Fox is Guarding the Hen House: The SEC is allowing the OCC unlimited access to money in pension funds and insurance companies](https://www.reddit.com/r/Superstonk/comments/x56h7d/the_fox_is_guarding_the_hen_house_the_sec_is/)\]. + +*Here*, the FICC is making sure the rules allow the FICC to use assets available through their Master Repurchase Agreements\[\^1\] for settlement *in the event of a Member Default* even though those MRA assets may not be designated as Qualifying Liquid Resources. + +And, just to be certain, FICC is making sure they ***can*** **count MRAs as Qualifying Liquid Resources** as long as they follow the procedures now specified for doing so: + +[FICC Proposal 34-96210 pgs 6-7](https://preview.redd.it/lv8q8v47t0y91.png?width=1230&format=png&auto=webp&s=09f2191d33308cdb1c8d391e7e8c8800148e5b4d) + +**TADR:** By designating Uncommitted Resources as Qualifying Liquid Resources and putting MRAs on deck for liquidity, the FICC is basically putting more money into the Qualifying Liquid Resources pot for settling transactions when a Member defaults. + +**🙏 Thank you FICC for making sure debts will be paid. We're waiting to collect.** + +\[1\] To be clear, the FICC MRA isn't necessarily the same as the OCC MRA. They're probably very similar, but not identical. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +*If* you believe in the long-term potential of ETH, I don't get why you would be upset with the recent bear market ( or correction ). Bear markets are fantastic times to accumulate. Just buy a small amount at a time with each drop. Don't try to time the bottom--you probably be unsuccessful. Believers should be ecstatic right now, we've just washed out so many people who were just in it for some quick cash. You really don't think they'll be back once things start turning around? If you're truly a long-term believer, your objective should be to max the amount of ETH you have, and not worry about its present-day value. + +I guess if you think that ETH is done and going to zero then sure be upset, but otherwise rejoice! This is a gift. Remember those stupid Chappelle memes? Well, your wish has been granted, so don't waste it. + +And if you are upset because you had 100% of your fiat already invested, I'd honestly say that's your own damn fault. It's incredibly risky to be 100% invested in a single asset, much less an asset as volatile as crypto. Let this be a lesson to you. Chances are you are young and you'll have your whole life ahead of you to invest, so learn something from your mistakes and don't repeat them. Especially given how bullish the world economy has been, I think you'd be unwise to not have some proportion of your investments in either cash or a very safe asset right now. + +Always remember the sage advise of Warren Buffet: +"Be fearful when others are greedy and greedy when others are fearful" + +Dude's the 3rd richest man on earth. Chances are he knows what he's talking about. +The current bitcoin drama will likely impact the rest of the crypto space, and I think this article does a great job outlining the upcoming hard fork. Plus, there's a nice shoutout to Ethereum in the article. + +https://www.forbes.com/sites/laurashin/2017/10/23/will-this-battle-for-the-soul-of-bitcoin-destroy-it/#1a5d64a3d3c0 + +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + 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! + +All-Hands meeting: + + +At the all hands meeting, Caroline revealed the truth. A little over a year ago, FTX started spending a lot of money. Various investing shell companies set up w/ FTX or Alameda names were created, some known most unknown, that invested in various illiquid assets that no one in the firm or FTX knew about. FTX Ventures was a large money sink. These various illiquid assets were also money sinks. I think one of the investments was like 1bb on a crypto mining company that went bankrupt? Alameda had also bought out Binance's stake in FTX for ~1-2bb. + + +FTX was buying luxury apartments in the Bahamas, building an office in the Bahamas and then currently in the middle of building a newer, costlier office that would be in the shape of an F. Stadium naming rights, advertisements, endorsements also aren't cheap. It's important to note that at this point in time, none of the user funds had been touched and this had all come from mainly from Alameda loaning FTX money and being given FTT as collateral. Alameda was able to loan so much money to FTX partly because they just had a lot of money, but also because they had many loans themsevles from lenders such as Genesis. Getting loans at that time was generally pretty easy. There is where the hole in the balance sheet came from. Around 6 months ago, + + +LUNA crashed to 0, sending reverberations across the crypto world as they wiped out -800bb in market value. Alameda didn't actually lose much money directly from Luna crashing, in fact they were probably net short at the time of the crash. However, the Luna crash caused many firms to become liquidated, the most notable one being 3 Arrows Capital(3AC). 3AC had taken out a ton of loans(see point above about loans being easy to get), and 3AC defaulting caused a lot of these loaners to go bankrupt. This event created what is known as the "credit crunch". In the credit crunch, many loaners suddenly recalled all of their loans just to see who was still liquid. Alameda lost a lot from giving out loans to firms who defaulted. Alameda was + + + +now also on the hook for money they didn't have, since they had given a lot of the loan money to FTX or had lost it loaning to now bankrupt counterparties. SBF had two choices at this point, let Alameda get liquidated or send user money from FTX to ensure Alameda's survival. As you read online, SBF chose the latter. From this point onwards, it was just a ticking time bomb before the truth was found out and both FTX and Alameda liquidated. No one at FTX or Alameda knew how much was spent and that FTX user funds had been used to save Alameda All the credit crunch did was expedite how quickly FTX/Alameda's frivolous spending would be found out. + + + Caroline painted Alameda and FTX getting liquidated as a likely event rather than a tail event(which would've been helpful to know before they hired me...). It was also revealed at this time that Binance had stepped away from their deal to acquire FTX, citing that the hole in the balance sheet was too big to fill. + +- - this is a repost from twitter, I found this here - https://twitter.com/WhaleChart/status/1592408565402464259?t=YiAq7QENCDes8UBZ_48OiQ&s=19 - - + +**The legitimacy of this document is definitely questionable but I shared it anyways** +“Demonstrating that intelligence did not translate into higher returns, the Mensa (the high IQ society) investment club underperformed the S&P 500 Index by almost 13 percent per year for 15 years.” + +Excerpt From +Think, Act, and Invest Like Warren Buffett by Larry Swedroe + +[Here is a Forbes article](https://www.forbes.com/sites/greatspeculations/2012/08/16/smart-people-can-make-stupid-investing-decisions/#2cb95f5115d5) about it. +Hey folks of /r/cryptomoonshots! I'd like to talk once again about the FLOW token. + +I'm sure you heard of it now, but ask yourself "just another useless token?" or "why should this pump?" + +So i would like to talk about its potential and why i think this could be a good moonshot. + +It's the daily inflation rate. Now i already here you thinking... "Why does this matter? I can get a good roi anywhere nowadays in crypto". And you would be right. But you would need to lock your funds(stake) or work for it.**With FLOW, you literary dont do anything but HOLD and earn 1% daily.** Not even have to claim your reward, dont even need to pay any gas fee because it works transactionless. + +The daily inflation rate also goes down over time. It is currently 1% during the genesis era, wich will last for approximate 40 more days, and then it will be halved to earning 0.5% daily. + +This is unique in crypto world, and I like it, because it rewards people who HODL automaticly. You can also sell your new tokens daily, and this way the token's inflation will switch to new hands and also balance the token more evenly. + +Furthermore, the developer, while anonymous, is already working on the project for quite a while and has its best interest at heart. This shows because the developer locked his own coins for a set time, and also decreased the liquidity pool to 2% instead of 10%. (and was even 35%) + +The developer is also active in the community, answering questions often and seems quite intelligent and dedicated, and of course has the code of the token open sourced on github. + +**Upcoming events for hype building:** + +1. Whitebit entered the telegram today, offering a free listing. Because they heard about FLOW a lot now. So expect FLOW to be tradable soon on the first exchange(s) with order books instead of swapping around with costly gas fees. +2. Liquidity Mining soon including a tutorial how to do this. +3. New updated whitepaper. +4. Marketing start, probably in the form of airdrops. +5. Medium article to introduce new people to FLOW. + +Ofcource, this wouldn't be a fair thread if we wouldn't discuss the negatives of FLOW. And that is of course that FLOW doesn't do anything besides being a store of value. A functionality that every token already has build in. However for the current market cap of around 2m, i feel there is quite some room to go up. + +So let me know what you think, and thanks for reading! +This is too fun... my guy thinks this bill is going to start taxing BTC over $50 + +My dude, everything was a taxable event before; this bill makes you tax EXEMPT for purchases under $50 with BTC 😂 + +It's a giant catalyst for BTC, if anything. + +Stay informed yall. Don't be like Buttcoin +**Market Notes:** + +Yesterday was another green day and futures are pointing towards another positive open. Unrest and looting continue around the nation. Markets appear poised to continue the march of the bulls. + +Worth noting that the **VIX** climbed yesterday too. Typically a higher VIX favors the bears. + +On another note, **Bitcoin** surged overnight and is now holding above $10,000. Key resistance is at $10,500, I'll buy if it can break this level. + +**Watchlist:** + +**RWLK** is a low float, resistance at $1.80 + +**WRTC** is a low float, law enforcement play, resistance at $8.30 + +**PRTS** is a lowish float, watching for a setup above $8 + +**NLS** is a lowish float, watching for a continuation above $7.35 + +**GNUS** has resistance at $2.80 + +**VRML** watching for a setup above $4.50 + +**TRIL** has resistance at $8 + +**AMRS** was the big winner yesterday, I'm only interested above $6 + +**MEIP** watching for a setup above $4.20 + +**DVAX** has resistance at $8 + +**AGEN** has resistance at $4.42 +This morning I received my weekly direct deposit from uber in the amount of $778.80, which was mysteriously $126.53 short of the $905.33 I was expecting. I've been driving for uber for 2 months and this is the first time something of this sort has happened. I looked in the transaction feed of my uberdriver app and noticed a subtraction (in the magic amount of $126.53) with the description, "Earnings Withholding Order Tax Levy." There was an included tracking case/claim number. + +I called uber support, explained the situation, and provided my claim number. They had no record of the claim number I provided. They then said that it must be a problem with my bank because uber deposited the full $778.80 I was owed. I explained again, slowly, that I was actually owed $905.33. They put me on hold for a while, then came back to explain that the missing $126.53 was garnished by a garnishing agency. I would need to contact this garnishment agency, receive an Amended Order, fax this Amended Order to uber, and uber will forward it to their Legal Department for review. Uber support said that they will email me all the information I'd need to do all this. Great! + +I checked my messages, and uber said I'll need to contact "{{garnishing agency}}" and referred to that company as this a few times (screenshots provided). I should note that I have never been threatened with wage garnishment and I am paying all my loan payments on time. + +I called uber support again, and after the fun & games of explaining the situation again at length, clearly and slowly, and being on hold for long spans of time, they finally told me they didn't know who the garnishing agency was and they'd forward the situation to their specialists. + +Has anyone encountered a problem like this? Other than continuing to pester uber support, I have no idea what to do here. + +tldnr; Uber claims a garnishing agency garnished some money from my paycheck, despite all loan payments up to date, and won't tell me who is the agency doing the garnishing. + +Pics: https://imgur.com/a/BaNE43x + +**UPDATE:** The IRS confirmed I'm all good on their end. The customer service rep was shocked there would be a sudden garnishment without my knowledge and had no answers. + + +**UPDATE 2:** The California Franchise Tax Board automated line confirmed I'm all good on their end. Checking in tomorrow morning at the suggestion of FTB live-chat to speak to a living, breathing human to double-confirm. + + +**UPDATE 3 (A BREAK IN THE CASE):** I got an email from uber support explaining that {{garnishing agency}} is actually... THE STATE OF CALIFORNIA FRANCHISE TAX BOARD (several of you guessed this, including Quaziau who was sure of it). The email came with an attached PDF of a tax levy in the amount of $22,910.70 from 2012. Pic of garnishment PDF: https://imgur.com/gallery/UaZM0bF Of course, the only problem was that this {{CleanHelicopter}} who owes all that money wasn't me! Not even a little! He lives in Lake Elsinore and has a, you guessed it, completely different first 7 digits of his social security number. I then called uber support and argued over my own identity for about 20 minutes. It didn't matter that I'd never heard of Lake Elisinore or was still in college in 2012, what mattered is that this {{CleanHelicopter}} and I had the same name and the same last two social security digits. It HAD to be me, and perhaps I should reach out to my previous employer or mother of my child to see if that $22k could be lowered, said uber. I can't begin to explain how frustrating a phone call this was, or how Kafka could write 2-3 books about this phone call if he were alive. My next step is to get in touch with the FTB and make them get in touch with uber to explain that they have the wrong {{CleanHelicopter}}. More updates to come... + + +**UPDATE 4:** I spoke to the State of California Tax Board's Account Resolution department (after being referred by their mainline number). I explained the situation and they thought all of it was ridiculous. They also said there's unfortunately nothing they can do on their end. The order number can't be cancelled and garnishments will continue to occur until the entire amount of $22,910.70 is payed off. They said this is entirely uber's fault so I now need to try to get a hold of uber's payroll department. + + +**UPDATE 5:** On my third try with the State of California Franchise Tax Board's Account Resolution department, I spoke with a woman, we'll call Veronica. Explained the situation, acknowledged this is entirely uber's fault, wondered if it would be possible for the FTB to cancel the order and create a new one. She explained that this action makes a lot of sense, but unfortunately by their company practices cannot cancel an order and immediately issue a new one (and hope uber doesn't make the same mistake again) because there is the small, but possible chance to lose their queue in debt collecting with this other {{CleanHelicopter}}. Veronica said she understands how annoying and backwards this sounds, but it's just the way they work. I then conferenced Veronica with uber support and what transpired was one of the most equally funny and sad exchanges I've ever heard between two people, second only to the time when that guy conferenced two Chinese take-out places together. This is almost verbatim: + +Uber: Hi, can you verify your name and number, please? + +Veronica: Hi this is Veronica with the State of California Franchise Tax Board. I am calling on behalf of one of your drivers. There is a false garnishment that needs to be rescinded immediately, and I was wondering if I could receive the phone number for, or be connected with someone in your payroll department? + +Uber: Hi Veronica. Yes, I understand, one moment. (long pause) The phone number is xxx-xxx-xxxx. + +Veronica: Great! And what department is this? + +Uber: What? + +Veronica: (agitation starts to seep in) What department is the phone number you gave me? + +Uber: Uber Eats + +Veronica: *What?* + +Uber: Uber Eats. Are you a rider or eater? + +Veronica: (fully agitated now) I just need the phone number to your payroll department. I'm calling from-- + +Uber: What city you in? + +Veronica: I'm in Sacramento. I work for the state. I just need to speak to someone in-- + +Uber: There's no phone number for payroll. Unfortunately, you can only go through email. + +Veronica: What's the email? + +Uber: (long silence; background ambience) + +Veronica: Is she still there? + +Me: I think so, I can hear a TV or something in the background. + +Veronica: Ok let's hang up, this is clearly pointless. + +At this point, Veronica tells me that she's going to keep trying to dig around and she'll get back to me later today. She said what she likely thinks will happen is that the FTB will need to first see the money come in from my garnishment before the possibility of a order cancellation is implemented. Again, she acknowledged that this is annoying but it's how it works. + +**UPDATE 6 (FIN?):** I just got a message from uber that a refund had been applied to my next pay statement. + +Pic: https://imgur.com/gallery/WEoqXXA + +I’m going to assume all is well now, fingers crossed. Not sure what or who ended up wrapping this up so quickly, but thanks to all who reached out to me privately with connects to uber and FTB. I have to assume Reddit was the reason this was solved. +The infinite Money Glitch + + +Don't know why this hasn't caught on more on this sub it's literally staring you in the face. This week is Opex GME has had a substantial run every quarter following the Jan sneeze. I noticed the cycle as did others I'm sure and kept my eyes peeled for info about them, that's when I saw some DD from u/criand. Best explanation I've seen. Highly recommend. These cycles are most likely hedging from leap put contracts used to hide short interest (the missing short interest). Users like u/criand u/gherkinit have all been talking about this. There was a hit piece on gherkinit recently and it feels very off, he hasn't been proved wrong yet at all quite the opposite. The reasons are most likely because he likes options which is totally ridiculous. + +Options Rant + +Options give retail insane leverage and where one of the main contributors to the sneeze in Jan of 2021, why do you think there was a huge push to get retail out of options during the hearings that followed? Options give you the ability to profit on these quarterly rips without selling shares. Far dated in or close to the money options are not a gamble. If you don't know how to use them then steer clear and understand you have nothing to add to the conversation just hold and drs. + + +Where Does That Leave Us? + +Over the last year I've followed this stock from The Degenerate Sub to rGME to now Superstonk I'm not going anywhere and neither is this company. I'm willing to hold for the long term and have learned more than I ever wanted to about the markets. I've seen just how bought and sold the media is, how lax the Financial justice system is and what people will do to gain and keep power. I feel a connection with you all, I believe in this cause and hope you make shitloads of money. 💎 Fucking Hands + +Not Financial Advice +Positions 120 shares and 3 March 18 contracts +I'm pretty sure this post will receive negative response, so I'd like to preface it with this. I have been trading nearly every day for three years now. I am not consistently profitable. But I don't plan on giving up anytime soon. + +Still, I think it is important to ask how realistic this endeavor truly is. I know a lot of people here claim that they are doing this for a living, but I have my doubts. So, I would like to kindly ask anyone who does this for a living to show their equity curve from the last three years (or more). I've seen some people show a couple of months of broker statements before, but that isn't really impressive. I've had a streak of profitable months before, but I'm still not consistently profitable. I feel like a three year equity curve will be sufficient, though. + +I know this post will be met with comments such as, + +"Why should I prove anything to you?" + +or + +"You're not profitable because you didn't try hard enough" + +and other things with that same sentiment. That's fine. No need to post comments like that if that's what you're here to do. If you don't want to prove anything then just ignore this post and move on. You have better things to do with your time. + +I hope I don't come off as a dick or anything. I would genuinely like to see a long-term equity curve from someone who does this for a living. I think it would be a great inspiration for those of us striving to become better at this craft. + +Thanks. +Just curious. + +I don't like my brokers dashboard so I decided to build my own and continuously add - no doubt will be an iterative process. + +My metrics are brutal, but I'm at the discovery phase and identifying what can give me an edge moving forward. + +https://preview.redd.it/wbxt5rqwoyw81.png?width=1561&format=png&auto=webp&s=786e59d53e1212636fd052087a0ef7a61b0ed28a + +https://preview.redd.it/p2vgctqwoyw81.png?width=1833&format=png&auto=webp&s=9ca14e26f1b729cb503554ae47dfc83077144970 + +https://preview.redd.it/i2md3uqwoyw81.png?width=1415&format=png&auto=webp&s=24f6422cce6e5865f90104abccc5d0046c315989 +They know it's coming and don't care, they were just caught off guard in January and needed time to prepare. They know the cost, they just needed time to do two things: 1. Line up the sacrificial lambs (which hedges and banks will take the hit?) and 2. Figure out how the top dogs can capitalize on this event and make money off the remains of the lambs. + +What they are counting on is that retail won't hold. When we see more $$$ than we've seen in our lives, which for many of us isn't actually a whole lot, they believe we'll sell. They don't think we'll hold into the thousands, hundreds of thousands, millions... + +They continue to underestimate our retard strength. 💎🙌👊 +In the past few days I have noticed several people complain about the fees on Coinbase. I just think it needs to be known, there is Coinbase Pro. It's a separate app, but the two apps connect. The fees are a lot lower on Pro, and the best part about it is that Coinbase Pro is free to use! + +CB Pro is a little more technical with more options and it's not as easy to look at, but it's totally worth it for the lower fees. + +So what's the point of the regular Coinbase? That should be used as your wallet. You can move your crypto instantly between the two once your funds clear. The reason why you would want to use regular Coinbase is because some coins offer staking rewards and it is easier to look at. Also Coinbase has vaults which provide extra security. + +You would also want to use Coinbase Pro for selling your crypto, so you can move it back to Pro whenever you like . + +I hope this helps you guys, the more money you save from fees, the more sweet crypto you can buy! + +Take care and good luck + +Edit: I was just informed you can actually deposit your fiat on regular Coinbase and move to Pro without having to wait for funds to clear! + +Edit 2: You can also do limit orders which are super helpful! +In March I received a 2% salary increase to go from $50,000 to $51,000. I discovered my net pay decreased by $49.99 per pay period (bi-weekly) where it went from $1,305.39 to $1,255.90. The payroll team is saying this is from higher taxes at my new tax rate. How is this possible? Was the salary increase actually a salary decrease? What was the point of getting a raise? lol + +Here is a breakdown: + +&#x200B; + +&#x200B; + +||At $50k / year|At $51k / year|Change| +|:-|:-|:-|:-| +|Gross|$1,923|$1,961.47|\+$38.47| +|Federal Tax|\-$169.60|\-$205.21|\-$35.61|